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President Donald Trump claimed that California and Minnesota are both rife with fraud, slamming the two states and their respective governors as ‘Crooked.’

‘There is more FRAUD in California than there is in Minnesota, if that is even possible. When you add in Election Fraud, then they are tied for first. Two Crooked Governors, two Crooked States!’ the president asserted in the post on Wednesday, referring to California Gov. Gavin Newsom and Minnesota Gov. Tim Walz.

Trump also slammed Rep. Ilhan Omar, D-Minn., in a Truth Social post on Wednesday.

‘Much of the Minnesota Fraud, up to 90%, is caused by people that came into our Country, illegally, from Somalia. ‘Congresswoman’ Omar, an ungrateful loser who only complains and never contributes, is one of the many scammers. Did she really marry her brother? Lowlifes like this can only be a liability to our Country’s greatness. Send them back from where they came, Somalia, perhaps the worst, and most corrupt, country on earth. MAKE AMERICA GREAT AGAIN!!!’ he declared.

Fox News Digital reached out to the offices of Omar, Newsom and Walz to request comment but did not immediately hear back.

The president’s comments come in the wake of reporting alleging massive fraud in Minnesota.

‘We have frozen all child care payments to the state of Minnesota,’ Deputy Secretary of Health and Human Services and acting Centers for Disease Control and Prevention director Jim O’Neill declared in a Tuesday post on X. 

‘You have probably read the serious allegations that the state of Minnesota has funneled millions of taxpayer dollars to fraudulent daycares across Minnesota over the past decade,’ he noted. ‘I have activated our defend the spend system for all ACF payments. Starting today, all ACF payments across America will require a justification and a receipt or photo evidence before we send money to a state.’ 

Walz responded to the move by blasting Trump.

‘This is Trump’s long game. We’ve spent years cracking down on fraudsters. It’s a serious issue — but this has been his plan all along. He’s politicizing the issue to defund programs that help Minnesotans,’ Walz asserted in a post on Tuesday to his official governor’s X account.

In a follow-up post Wednesday to his personal account, Walz declared, ‘While Minnesota has been combating fraud, the President has been letting fraudsters out of jail. Trump’s using an issue he doesn’t give a damn about as an excuse to hurt working Minnesotans.’

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Escalating claims by Russia that Ukraine tried to hit a residence used by President Vladimir Putin with drones have been dismissed by a top military drone expert, who called the alleged attack ‘hard to fathom’ and tactically implausible.

Cameron Chell’s comments came as Moscow doubled down on accusations Kyiv has flatly denied, with the drone industry leader arguing the alleged strike announced Monday runs counter to Ukraine’s drone tactics.

Chell, the CEO and co-founder of Draganfly, a drone manufacturer that supplies to the U.S. Department of Defense and allied militaries, including Ukraine, said Russia’s claims lack credibility.

‘What really makes things usually very signature about Ukraine is that they are always incredibly clever about how they use drones,’ Chell told Fox News Digital.

‘They are clever from a cost perspective — let’s call it an efficiency perspective — but also very clever in their tactics,’ he added.

‘I find it hard to fathom that this drone attack even happened on Putin’s residence or that it was something that Ukraine orchestrated for a number of reasons,’ Chell said.

‘Based on the description of the alleged attack over the top of Putin’s residence, the drones would not have been launched from a very long distance away,’ he said.

‘This would have avoided up to 1000 km of air defense systems and then likely attacking one of the most heavily fortified air defense networks surrounding Putin’s Valdai residence.

‘The cost benefit analysis, not to mention the political analysis, also does not make sense,’ he added.

Chell’s comments came as Russia doubled down Tuesday on accusations that Ukraine attempted to strike a presidential palace in the Novgorod region using drones, allegedly to disrupt peace efforts.

Kyiv dismissed the allegation, with the timing also raising questions given the upbeat tone of a recent meeting between President Donald Trump and Ukrainian President Volodymyr Zelenskyy in Florida.

Russian Foreign Minister Sergey Lavrov claimed late Monday that 91 drones were intercepted en route to Putin’s residence on the shores of Lake Valdai.

His statement appeared to contradict earlier Defense Ministry tallies, which said 89 drones were shot down over eight regions, including 18 over Novgorod, later adding another 23.

Only after Lavrov spoke did the ministry allege that 49 drones intercepted over Bryansk, nearly 300 miles away, were also targeting Valdai.

Asked about wreckage, Kremlin spokesman Dmitry Peskov said it was ‘a matter for our military,’ while calling Zelenskyy’s denial and Western skepticism ‘completely insane.’

Peskov said Russia’s diplomatic stance would be toughened, and Duma Speaker Vyacheslav Volodin vowed there could be ‘no forgiveness’ for Zelenskyy.

Chell said the story simply does not add up. ‘To attack Putin’s residence in the manner described would require much more sophisticated tactics than simply sending long-range, relatively slow-moving drones,’ he said.

Chell also noted that this was a night operation and therefore, it generally rules out accurate visual mapping navigation. 

‘Since the description of the attack also does not lend itself to the use of fiber optic communication, which requires a relatively close range launch point, these drones would likely have had to rely on GPS navigation,’ he explained.

‘This would easily have been thwarted in this area and the Ukrainians would have known this,’ Chell said.

Politically, Chell argued, Ukraine has nothing to gain. ‘They’re bold, but right in the middle of peace talks — when they need Trump on side — it makes no sense,’ he said. ‘Ukraine is just politically too smart to have done that.’

Zelenskyy on Monday also called the claim a complete fabrication, accusing Moscow of laying the groundwork for further attacks. 

Lavrov warned of retaliation but said Russia would continue talks with Washington.

Trump also said he learned of the alleged attack directly from Putin and was ‘very angry about it.’ Asked whether there was evidence, Trump replied, ‘We’ll find out.’

Fox News Digital has reached out to the Kremlin for comment.

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Momentum on a 20-point peace plan to end the war between Russia and Ukraine is faltering after President Vladimir Putin accused Kyiv of targeting a residence linked to him, a claim Moscow says leaves little room for compromise at the negotiating table.

The accusation comes as Ukrainian President Volodymyr Zelenskyy has been pressing a 20-point peace proposal as a counteroffer to a 28-point framework floated by the Trump administration before Thanksgiving. Zelenskyy was expected to present the plan directly to President Donald Trump during a meeting at Mar-a-Lago, part of what he described as ‘some of the most active diplomatic days of the year.’

Russia claims Ukraine launched a large-scale drone attack early Monday against a presidential residence in the Novgorod region, involving 91 long-range drones that were intercepted by Russian air defenses.

Russia’s defense ministry released footage of a masked soldier standing next to drone wreckage it said was recovered from the attack, claiming the drone carried a high-explosive warhead ‘filled with a large number of striking elements’ intended to hit civilian targets.

The Kremlin has described the site as a presidential residence in the Novgorod region, one of several state-owned properties associated with Putin, though it has not said he was present at the time.

Kremlin officials quickly branded the incident ‘terrorist’ activity, warning it would force Russia to harden its negotiating position. 

‘This terrorist action is aimed at collapsing the negotiation process,’ Kremlin spokesperson Dmitry Peskov told reporters Tuesday. ‘The diplomatic consequence will be to toughen the negotiating position of the Russian Federation.’

Zelenskyy’s proposal calls for Western-backed security guarantees resembling NATO’s Article 5, a halt in fighting along current battle lines in contested regions, and the creation of demilitarized zones overseen by international forces — provisions Moscow has long opposed. The Ukrainian plan also rejects formal recognition of Russian control over occupied territory, a key point of divergence from the U.S. framework.

Ukraine has flatly denied responsibility for the alleged attack. Foreign Minister Andrii Sybiha said Russia has offered no evidence ‘because there’s none,’ accusing Moscow of leaning on a familiar strategy. 

‘Russia has a long record of false claims — it’s their signature tactic,’ Sybiha said in a post to the social platform X.

Zelenskyy told reporters that Ukraine had discussed the allegation with U.S. officials. ‘They’ve talked through the details. And we understand that it’s fake. And thanks to their technical opportunities, they can verify that it’s fake,’ he said.

Ukrainian officials argue the allegation fits a broader Kremlin playbook: using unproven claims to justify escalation or deflect blame as diplomacy intensifies. Kyiv has warned Moscow may be using the episode to lay the groundwork for new strikes, including against government buildings in the Ukrainian capital, while portraying Russia as the aggrieved party in peace talks.

The dispute has also drawn in Trump, who met with Zelenskyy in Florida Friday and later spoke by phone with Putin. Putin raised the alleged incident during their call.

‘I was very angry about it,’ Trump told reporters, adding that the U.S. was still working to determine what actually happened. ‘We’ll find out,’ he said.

Matthew Whitaker, the U.S. ambassador to NATO, said on Fox Business that Washington is investigating Russia’s claim

‘It’s unclear whether it actually happened,’ Whitaker said. ‘We’re going to get to the bottom of the intelligence.’

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The U.S. Department of the Treasury on Wednesday sanctioned four companies operating in Venezuela’s oil sector and identified four oil tankers as blocked property, saying the move targets oil traders involved in alleged sanctions-evasion that helps finance Nicolás Maduro’s regime.

Treasury said the vessels, some described as part of a ‘shadow fleet’ serving Venezuela, ‘continue to provide financial resources that fuel Maduro’s illegitimate narco-terrorist regime’ in Tuesday’s press release.

‘President Trump has been clear: We will not allow the illegitimate Maduro regime to profit from exporting oil while it floods the United States with deadly drugs,’ Treasury Secretary Scott Bessent said. ‘The Treasury Department will continue to implement President Trump’s campaign of pressure on Maduro’s regime,’ he added.

Treasury said the sanctions block property and interests in property of the designated entities within U.S. jurisdiction and generally prohibits Americans from transactions involving them.

The action follows U.S. measures against Venezuela’s state-run oil company Petroleos de Venezuela, S.A. (PDVSA).

OFAC designated PDVSA in January 2019 under Executive Order 13850, and President Trump later took additional steps to block PDVSA in August 2019 under Executive Order 13884, Treasury said.

Treasury said Wednesday’s move also complements actions announced Dec. 11 and Dec. 19 targeting PDVSA-linked officials, associates and vessels.

OFAC designated Corniola Limited and Krape Myrtle Co LTD and identified the tanker NORD STAR as blocked property. OFAC also designated Winky International Limited and identified ROSALIND, also known as LUNAR TIDE, as blocked property. OFAC designated Aries Global Investment LTD and identified the tankers DELLA and VALIANT as blocked property, Treasury said.

Treasury said blocked property within U.S. jurisdiction must be reported to OFAC, and warned that violations of U.S. sanctions may result in civil or criminal penalties.

Treasury said the goal of sanctions is to bring about a positive change in behavior, noting there is a formal process for seeking removal from an OFAC list consistent with U.S. law.

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The Department of Justice (DOJ) on Wednesday outlined a list of its accomplishments during President Donald Trump’s first year back in office, arguing that the agency has ended the political weaponization it says existed under the Biden administration.

The DOJ claimed in a statement posted on X that it has ‘turned around’ the agency, restoring fairness and law enforcement priorities.

‘Instead of keeping Americans safe, the Biden DOJ weaponized its power against political opponents: conservatives, parents, pro-lifers, Christians, and most of all, President Trump,’ the DOJ stated.

The DOJ said that after President Trump inherited a justice system it described as ‘in chaos,’ he charged the department with restoring ‘integrity, accountability and equal justice under the law.’

‘In 2025, the DOJ returned to its core mission: upholding the rule of law, vigorously prosecuting criminals, and keeping the American people safe,’ the department wrote.

The announcement comes as the Trump administration continues to face legal challenges and the Justice Department faces potential legal action after missing a statutory deadlinedeadline to release documents related to Jeffrey Epstein under the Epstein Files Transparency Act.

The DOJ outlined 10 ‘wins’ since President Trump took office on Jan. 20, including efforts to pursue major fraud cases, particularly in Minnesota, which it described as ‘rife with fraud.’

According to the DOJ, 98 people have been charged — including 85 individuals identified as being of Somali descent — in Medicaid fraud and related case programs, leading to 64 convictions to date.

The statement outlines actions taken to roll back policies it said were targeting conservatives and parents, reduce crime nationwide, increase law enforcement activity in major cities, seize record amounts of illegal drugs and secure favorable rulings at the Supreme Court.

On Wednesday, FBI Director Kash Patel wrote on X that the bureau is working to restore trust in federal law enforcement.

‘Dismantling public corruption is a top priority of our leadership team here — we’ve worked day and night on that mission and will continue to do so until justice is done,’ he wrote.

The Justice Department said more enforcement actions are planned in 2026, signaling an escalation of arrests, court victories and action ‘against those who threaten the safety and well-being of the American people.’

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The number of American citizens arrested and held in Venezuela has risen in recent months, according to a new report.

Several Americans have been detained by Venezuelan security forces as the Trump administration stepped up efforts to isolate President Nicolás Maduro, including sanctions enforcement and an expanded military presence in the Caribbean, The New York Times reported.

A U.S. official familiar with the matter, speaking on condition of anonymity, told the outlet that while some detainees face what Venezuelan authorities describe as legitimate criminal charges, Washington is considering designating at least two Americans as ‘wrongfully detained.’

.’

This can speed up diplomatic efforts to secure their release.

Those arrested currently are said to include three Venezuelan-American dual nationals and two U.S. citizens with no known ties to Venezuela, the official told the outlet.

Maduro’s government has long been accused by U.S. officials and critics of using detained foreign nationals as leverage in negotiations with the U.S.

President Trump has made the release of Americans held overseas a priority during both of his presidencies. During his first term, he followed a campaign of maximum pressure against Maduro.

On his return to office in January, Trump also sent envoy Richard Grenell to Caracas to push for a prisoner agreement.

Grenell met Maduro in person and was tasked with securing the return of detained Americans, announcing he was bringing home six who had been imprisoned, per Reuters.

In May, Venezuela also released a U.S. Air Force veteran who had been detained for roughly six months. 

Joseph St Clair, who served in Afghanistan, had traveled to South America for treatment for post-traumatic stress disorder.

In July, as reported by Fox News Digital, 10 more Americans and U.S. permanent residents were released after a prisoner swap that saw more than 250 Venezuelans held in El Salvador also returned home. The U.S. State Department confirmed that release on July 18, 2025.

‘Our commitment to the American people is clear: we will safeguard the well-being of U.S. nationals both at home and abroad and not rest until all Americans being held hostage or unjustly detained around the world are brought home,’ Secretary of State Marco Rubio said at the time.

.

That diplomatic push led to talks between U.S. and Venezuelan officials and resulted in the release of at least 16 American citizens and permanent residents by mid-2025.

Those negotiations were later suspended as the administration shifted toward broader pressure.

The U.S. began expanding sanctions enforcement, redeploying naval assets to the Caribbean, and increased operations targeting vessels allegedly linked to drug-trafficking networks tied to Maduro’s regime.

Meanwhile, the New York Times reported Wednesday that among those Americans currently reported missing is James Luckey-Lange, 28, of Staten Island, New York, who went missing after crossing Venezuela’s southern border in early December.

Luckey-Lange is the son of musician Diane Luckey, known as Q Lazzarus.

Another former detainee, Renzo Huamanchumo Castillo, a Peruvian-American, told the outlet he was arrested last year and accused of terrorism and plotting to kill Mr. Maduro.

‘We realized afterward, I was just a token,’ he said. He was released in the July prisoner swap after months of harsh detention.

At least two others with U.S. ties remain imprisoned, according to their families: Aidel Suarez, a U.S. permanent resident born in Cuba, and Jonathan Torres Duque, a Venezuelan-American, according to reporting by The New York Times.

The exact number of newly detained Americans has not been publicly disclosed by U.S. officials.

Fox News Digital has reached out to the Department of State for comment.

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TORONTO, ON / ACCESS Newswire / December 31, 2025 / NextSource Materials Inc. (TSX:NEXT,OTC:NSRCF)(OTCQB:NSRCF) (‘NextSource’ or the ‘Company’) is pleased to announce the results of the Annual Meeting of Shareholders of the Company (the ‘Meeting’) held virtually at 8:00 AM (Toronto time) on December 30, 2025.

AGM Results

The final voting results of the Meeting are set out below:

  1. Election of Directors. The Company’s shareholders elected each of the nominees as directors to serve until the next annual meeting of shareholders, or until their respective successors are elected or appointed. The following table sets forth the voting results with respect to the election of directors:

Nominee

For

Against

Sir Mick Davis

99.6%

0.4%

Hanré Rossouw

99.5%

0.5%

Christopher Kruba

99.7%

0.3%

Ian Pearce

99.7%

0.3%

Craig Scherba

99.5%

0.5%

Brett Whalen

99.5%

0.5%

2. Appointment of Auditor. The Company’s shareholders approved the appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the Company’s auditors for the fiscal year ending June 30, 2026 and that the Board of Directors is authorized to fix their remuneration. The following table sets forth the voting results with respect to the appointment of PricewaterhouseCoopers LLP:

For

Withheld

99.9%

0.1%

A total of 101,161,308 common shares equivalent to 54.7% of the common shares entitled to vote were represented in person or by proxy at the Meeting.

ABOUT NextSource Materials Inc.

NextSource Materials Inc. is a battery materials company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.

The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production through Phase 1 mine operations.

The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities (BAF) capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, in a fully transparent and traceable manner. The Company is now in the process of developing its first BAF in the UAE.

NextSource Materials is listed on the Toronto Stock Exchange under the symbol ‘NEXT’ and on the OTCQB under the symbol ‘NSRCF’.

For further information about NextSource Materials, please visit our website at www.nextsourcematerials.com or contact us at +1.416.364.4911 or email Brent Nykoliation, Executive Vice President at brent@nextsourcematerials.com.

CAUTIONARY NOTE

This press release contains statements that may constitute ‘forward-looking information’ or ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘potential’, ‘possible’ and other similar words, or statements that certain events or conditions ‘may’, ‘will’, ‘could’, or ‘should’ occur. Forward- looking statements include any statements regarding, among others, reaching nameplate production capacity and the rollout of Battery Anode Facilities including the capabilities and the timing and economics thereof. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

SOURCE: NextSource Materials Inc.

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Here’s a quick recap of the crypto landscape for Monday (December 29) as of 9:00 p.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$87,107.03, down by 0.4 percent over 24 hours.

Bitcoin price performance, December 29, 2025.

Chart via TradingView.

BTC’s spot market shows mild selling pressure with a slight price decline, neutral momentum from the RSI at 45.40 and a low positive funding rate of 0.008 percent, suggesting limited bullish aggression in derivatives.

Mostly long liquidations totaling US$1.67 million over four hours leading up to the end of the trading day, alongside a 0.35 percent drop in open interest to US$57.54 billion, point to deleveraging among overextended buyers, while thin holiday trading volumes amplify small moves.

The data signals continued consolidation, holding the key support around US$86,000, despite a weekly dip. Overall, traders appear sidelined with bearish short-term momentum.

Linh Tran, a senior market Analyst at XS.com, suggests that BTC is entering a phase of stability and renewed accumulation in Q1 2026, rather than a strong growth phase at the beginning of the year.

“However, recent data also indicate that ETF flows are no longer consistently strongly net positive as in the early phase of the cycle, but have become more volatile, with some weeks even recording net outflows amid portfolio rebalancing and holiday-related liquidity conditions.

In my view, this does not imply that Bitcoin’s long-term trend has turned bearish, but rather suggests that institutional demand in Q1 2026 is likely to be more selective and cautious, instead of acting as a catalyst for a sharp breakout in Bitcoin prices.”

Regulatory progress, BTC’s correlation as a risk asset to the US equity market, and geopolitical risks will also act as catalysts.

“Bitcoin’s underlying structure is significantly more solid than in previous cycles, thanks to institutional participation and broader acceptance within the financial system. If institutional flows return, the regulatory and geopolitical environment becomes more supportive, and the Fed’s policy stance begins to signal that rate cuts are approaching earlier in the year, this combination could create an ideal environment for Bitcoin to recover and reclaim the US$100,000 level.”

Ether (ETH) was priced at US$$2,928.18, down by 0.1 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.85, down by 0.7 percent over 24 hours.
  • Solana (SOL) was trading at US$122.97, down by 0.3 percent over 24 hours.

Today’s crypto news to know

Strategy announces latest BTC purchase

Strategy (NASDAQ:MSTR) announced its latest BTC purchase of 2025, adding 1,229 BTC between December 22-28 for a purchase price of US$108.8 million, according to a Form 8-K filed on Monday.

The purchase brings Strategy’s total Bitcoin holdings to 672,497 BTC.

Chinese banks to pay interest on digital yuan wallets from January 2026

China’s central bank, the People’s Bank of China (PBOC), is updating its digital yuan (e-CNY) rules effective January 1, 2026, to let commercial banks pay interest on users’ wallet balances, according to a PBOC-affiliated China Financial Times article published on Monday. This shifts the e-CNY from just a digital cash replacement to something more like a bank deposit, aiming to boost everyday use after years of slow adoption.

PBOC deputy governor Lu Lei explained the changes in the article: ‘Looking ahead, the choice of business and technology models for the digital yuan will adhere to the fundamental principle of meeting the needs of the real economy. It will adopt a principle of inclusiveness and prudent selection regarding the development of account-based and value-based digital currencies, and promote the digital yuan to meet the needs of different scenarios and different business entities.’

ALT5 Sigma’s auditor switch draws regulatory heat

Nasdaq-listed crypto firm ALT5 Sigma (NASDAQ:ALTS) is under renewed scrutiny after it emerged that its newly appointed auditor is currently barred from conducting audits due to an inactive firm license.

According to the Financial Times, the issue surfaced after the company missed its third-quarter filing deadline and hastily replaced its previous auditor earlier this month.

The new firm, Victor Mokuolu CPA PLLC, does not hold an active Texas firm license, effectively preventing it from issuing any audit opinions under state rules.

While the firm’s founder renewed his personal CPA license in late August, state records show the firm itself remains unlicensed as of late December. ALT5 Sigma told the Financial Times that no reviews or audits will be issued until the licensing issue is resolved, with a mandatory peer review now underway and expected to conclude by the end of January.

Russia floats Bitcoin mining at occupied Ukrainian nuclear plant

Officials at the Russia-controlled Zaporizhzhia nuclear power plant say they are prepared to supply electricity to Bitcoin miners, but only if a broader peace deal involving Ukraine is reached.

The plant, seized by Russian forces in March 2022 and now operated by state-owned Rosenergoatom, could power crypto mining farms alongside civilian infrastructure, representatives told Russian media.

The comments followed remarks by President Vladimir Putin that US-Russia discussions have expanded beyond security to include economic proposals tied to the facility’s output. Putin said American counterparts had expressed interest in using the plant’s electricity both for cryptocurrency mining and for supplying power to Ukraine.

XRP and Solana defy crypto fund outflows, Bitcoin and Ether slide

Crypto investment products bled US$446 million in net outflows last week, extending the sector’s post-October slump and pushing cumulative withdrawals since the sharp market downturn to US$3.2 billion.

According to the recent Digital Asset Fund Flows Weekly report by CoinShares, Bitcoin and Ethereum bore the brunt of the selling. In contrast, XRP and Solana stood out as rare bright spots, pulling in US$70.2 million and US$7.5 million in weekly inflows, respectively.

By late December, XRP ETFs had logged more than US$1 billion in cumulative inflows, while Solana ETFs had surpassed US$750 million.

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

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

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VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / December 31, 2025 / CoTec Holdings Corp. (TSXV:CTH,OTC:CTHCF)(OTCQB:CTHCF) (‘CoTec’ or the ‘Company’) is pleased to note MagIron LLC’s (‘MagIron’) press release dated December 31, 2025, following its prior press release dated December 19, 2025. CoTec owns 16.5% of the equity in MagIron on a fully diluted basis.

MagIron announced that it has successfully completed the acquisition of the pellet plant located near Reynolds, Indiana (‘Reynolds Pellet Plant’) from the Receivership Estate of Altos Hornos De Mexico, S.A.B De C.V. (the ‘Acquisition’) on schedule and in accordance with the Asset Purchase Agreement (‘APA’).

Larry Lehtinen, CEO of MagIron commented: ‘The completion of this transaction marks a significant milestone for MagIron. We now look forward to implementing our restart strategy and bringing significant investment and job creation to both Minnesota and Indiana.’

Julian Treger, CoTec CEO commented: ‘The Reynolds Pellet Plant is a modern straight grate, past producing, restart-ready pelletizer benefitting from approximately $440 million of prior investment. The completion of its acquisition enables MagIron to now focus on the execution of its strategy to become a fully integrated DR pellet producer to America’s fast growing Electric Arc Furnace steel industry and pursuing the development of merchant pig iron facilities. CoTec is very supportive of this strategy and believes that, if successful, MagIron could become a significant contributor to the USA steel industry.’

For more information on this press release, please visit https://magironusa.com

About CoTec

CoTec Holdings Corp. (TSX-V:CTH)(OTCQB:CTHCF) is redefining the future of resource extraction and recycling. Focused on rare earth magnets and strategic materials, CoTec integrates breakthrough technologies with strategic assets to unlock secure, sustainable, and low-cost supply chains for the United States and its allies.

CoTec’s mission is clear: accelerate the energy transition while strengthening U.S. economic and national security. By investing in and deploying disruptive technologies, the Company delivers capital-efficient, scalable solutions that transform marginal assets, tailings, waste streams, and recycled products into high-value critical minerals.

From its HyProMag USA magnet recycling joint venture in Texas, to iron tailings reprocessing in Québec, to next-generation copper and iron solutions backed by global majors, CoTec is building a diversified portfolio with long-term growth, rapid cash flow potential, and high barriers to entry. The result is a game-changing platform at the intersection of technology, sustainability, and strategic materials.

For more information, please visit www.cotec.ca

For further information, please contact:

Braam Jonker – (604) 992-5600
Chief Financial Officer

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Company and its investments which are not historical facts are ‘forward-looking statements’ which involve risks and uncertainties, including statements relating to the Company’s interest in MagIron, the completion of the Acquisition, the potential restart of the MagIron operations, the MagIron strategy, including a potential development of pig iron facilities and management’s expectations with respect to its current and potential future investments, and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements, due to known and unknown risks and uncertainties affecting the Company, including but not limited to resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social and transport disruptions. For further details regarding risks and uncertainties facing the Company please refer to ‘Risk Factors’ in the Company’s filing statement dated April 6, 2022, a copy of which may be found under the Company’s SEDAR profile at www.sedar.com. The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company’s continuous disclosure documents which are available on SEDAR at www.sedarplus.ca.

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 news release.

SOURCE: CoTec Holdings Corp.

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(TheNewswire)

 

Vancouver, British Columbia TheNewswire – December 31st, 2025 Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that further to its news release December 3, 2025, the Company has proceeded with an upsized closing (the ‘Closing’) of its previously announced non-brokered private placement of units of the Company (‘Units’) at an issue price of $0.10 per Unit (the ‘Private Placement’). The Closing consisted in the issuance of 2,940,000 Units for gross proceeds of $294,000.

‘With the exception of one investor, every subscriber in this last closing is a new shareholder of Prismo,’ said Alain Lambert CEO of Prismo. ‘Our immediate priority is to undertake our fully funded drill program, as previously announced. This drill campaign will focus primarily on the historic Silver King mine site and will be for a minimum of about 1,000 meters. The objective is to test the upper half of the steeply dipping pipelike Silver King mineralized body as well as potential mineralization adjacent to the dense stockwork that was the focus of historic mining.’

The Company previously announced the first closing of the Private Placement on November 12, 2025 for aggregate gross proceeds of $1,745,000 and a second closing of the Private Placement on December 2, 2025 for aggregate gross proceeds of $165,000. Due to strong investor demand, the Company has now raised aggregate gross proceeds of $2,204,000 through the sale of an aggregate of 22,040,000 Units.

Each Unit consists of one common share in the capital of the Company (a ‘Share‘) and one common share purchase warrant of the Company (a ‘Warrant‘). Each Warrant entitles the holder to purchase one Share for a period of thirty-six (36) months from the date of issue at an exercise price of $0.175.

The Company intends to use the net proceeds of the Private Placement primarily for drilling at its Silver King project and for general corporate purposes. There may be circumstances, however, where, for sound business reasons, a reallocation of funds may be necessary. The Company expects to accept additional subscriptions of Units from new shareholders in the coming days for an approximate amount of $75,000.

The Units issued pursuant to the Closing are subject to a four-month hold period from the closing date of the Closing under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

In connection with the Closing, the Company issued an aggregate of 185,200 finder’s warrants (the ‘Finder’s Warrants’) and paid finder’s commissions of $18,520 to a certain qualified finder. Each Finder’s Warrant is exercisable for a period of twenty-four (24) months from the date of issuance to purchase one Share at a price of $0.10. In addition, the Company paid a cash fee of $7,000 to a financial advisor.

The securities being issued in connection with the Closing have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons or persons in the United States, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Prismo Metals Inc.

Prismo (CSE: PRIZ,OTC:PMOMF) is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.

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Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6 Phone: (416) 361-0737

 

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

 

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward-looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Silver King; the intended use of any proceeds raised under the Closing; and the completion of an additional tranche.

These forward-looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: the potential inability of the Company to utilize the anticipated proceeds of the Private Placement as anticipated; the potential inability of the Company to complete an additional tranche on the terms disclosed, or at all; and those risks set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.com) under the Company’s issuer profile.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will use the proceeds of the Closing as currently anticipated and on the timeline currently expected; and that the Company will complete an additional tranche.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward- looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

 

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