Author

admin

Browsing

CALGARY, AB / ACCESS Newswire / March 9, 2026 / Valeura Energy Inc. (TSX:VLE,OTC:VLERF)(OTCQX:VLERF) (‘Valeura’ or the ‘Company’) announces completion of a successful infill drilling campaign at its Gulf of Thailand Manora field (Block G1/48, 70% operated working interest).

Dr. Sean Guest, President and CEO commented:
‘Our Manora drilling campaign illustrates that we can continue adding to the ultimate production potential of our Gulf of Thailand fields. Our approach is to take every opportunity to appraise potential future development locations while developing known reservoir intervals. We have once again delivered new production from the field and also laid the basis for further development in the future.’

Valeura successfully drilled a campaign comprised of two infill development targets and one appraisal well from the Manora A platform. All wells were successful, and notably the appraisal well was found to be optimally positioned for use as a production well. As a result, all three wells have been completed as oil producers and are now on stream. Manora’s oil production has increased from an average of 1,950 bbls/d prior to the first new well coming onstream, to a more recent average of 2,626 bbls/d (working interest share oil production before royalites)(1).

Valeura’s management expects that the newly encountered reservoir intervals will be considered in the next evaluation of reserves and could therefore be additive to the ultimate potential and economic life of the asset.

MNA-41 was drilled as a deviated appraisal well to evaluate the potential of two reservoir intervals. The well encountered oil pay in the 300-series sand reservoir, which will be analysed to identify future prospects in this zone. In addition, the well encountered five oil pay zones in the 400/500-series reservoir. It has been completed as a comingled oil producer and is now on production. Results have exceeded management’s expectations, which sought only to assess the potential for future development of these intervals.

MNA-35ST1 was drilled as a sidetrack to the pre-exisitng MNA-35 well, with the objective of developing the same two reservoir intervals access in MNA-41. Two pay zones were encountered in the 300 sands, which will be completed for production in the future. In the meantime, the well has been completed as a producer of five oil pay zones within the 400/500 reservoir sands and is now on production.

MNA-42H was geo-steered as a horizontal development well within the 300 series sand reservoir. The well’s 1,046 ft lateral section encountered 556′ of net oil pay, which has exceeded management’s expectations. The well has been completed and is now online as a horizontal oil producer.

The Manora drilling campaign was completed safely, on time, and on budget. Valeura’s contracted drilling rig has now been mobilised to the Nong Yao field on block G11/48 (90% operated working interest) where the Company is planning to drill a production-oriented campaign from the Nong Yao A and Nong Yao B wellhead facilities.

(1) 15-24 February 2026 vs 03-12 February 2026.

Future Disclosure
Valeura intends to release its audited financial results for the year ended 31 December 2025, along with its annual information form for 2025 and its estimates of reserves and resources in accordance with the requirements of National instrument 51-101 – Standards of Disclosure for Oil and Gas Activities on 18 March 2026.

For further information, please contact:

Valeura Energy Inc. (General Corporate Enquiries)
Sean Guest, President and CEO
Yacine Ben-Meriem, CFO
Contact@valeuraenergy.com

+65 6373 6940

Valeura Energy Inc. (Investor and Media Enquiries)
Robin James Martin, Vice President, Communications and Investor Relations
IR@valeuraenergy.com

+1 403 975 6752 / +44 7392 940495

Contact details for the Company’s advisors, covering research analysts and joint brokers, including Auctus Advisors LLP, Beacon Securities Limited, Canaccord Genuity Ltd (UK), Cormark Securities Inc., Research Capital Corporation, Roth Canada Inc., and Stifel Nicolaus Europe Limited, are listed on the Company’s website at www.valeuraenergy.com/investor-information/analysts/.

About the Company

Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

Additional information relating to Valeura is also available on SEDAR+ at http://www.sedarplus.ca.

Advisory and Caution Regarding Forward-Looking Information

Certain information included in this news release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as ‘anticipate’, ‘believe’, ‘expect’, ‘plan’, ‘intend’, ‘estimate’, ‘propose’, ‘project’, ‘target’ or similar words suggesting future outcomes or statements regarding an outlook.

Forward-looking information in this news release includes, but is not limited to, the Manora drilling results laying the basis for further development work in the future; and management’s expectation that the newly encountered reservoir intervals will be considered in the next evaluation of reserves and could therefore be additive to the ultimate potential and economic life of the asset.

Forward-looking information is based on management’s current expectations and assumptions regarding, among other things: political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from governments and regulators in a manner consistent with past conduct; future drilling activity on the required/expected timelines; the prospectivity of the Company’s lands; the continued favourable pricing and operating netbacks across its business; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; the impact of inflation of future costs; future currency exchange rates; interest rates; the ability to meet drilling deadlines and fulfil commitments under licences and leases; future commodity prices; the impact of the Russian invasion of Ukraine; royalty rates and taxes; future capital and other expenditures; the success obtained in drilling new wells and working over existing wellbores; the performance of wells and facilities; the availability of the required capital to funds its exploration, development and other operations, and the ability of the Company to meet its commitments and financial obligations; the ability of the Company to secure adequate processing, transportation, fractionation and storage capacity on acceptable terms; the capacity and reliability of facilities; the application of regulatory requirements respecting abandonment and reclamation; the recoverability of the Company’s reserves and contingent resources; future growth; the sufficiency of budgeted capital expenditures in carrying out planned activities; the impact of increasing competition; the ability to efficiently integrate assets and employees acquired through acquisitions; global energy policies going forward; future debt levels; and the Company’s continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company’s work programmes and budgets are in part based upon expected agreement among joint venture partners and associated exploration, development and marketing plans and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, offshore storage and offloading facilities and other specialised oilfield equipment and service providers, changes in partners’ plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves and resources are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company including, but not limited to: the ability of management to execute its business plan or realise anticipated benefits from acquisitions; the risk of disruptions from public health emergencies and/or pandemics; competition for specialised equipment and human resources; the Company’s ability to manage growth; the Company’s ability to manage the costs related to inflation; disruption in supply chains; the risk of currency fluctuations; changes in interest rates, oil and gas prices and netbacks; potential changes in joint venture partner strategies and participation in work programmes; uncertainty regarding the contemplated timelines and costs for work programme execution; the risks of disruption to operations and access to worksites; potential changes in laws and regulations, the uncertainty regarding government and other approvals; counterparty risk; the risk that financing may not be available; risks associated with weather delays and natural disasters; and the risk associated with international activity. See the most recent annual information form and management’s discussion and analysis of the Company for a detailed discussion of the risk factors.

The forward-looking information contained in this new release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this new release is expressly qualified by this cautionary statement.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This news release is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

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

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Valeura Energy Inc.

View the original press release on ACCESS Newswire

News Provided by ACCESS Newswire via QuoteMedia

This post appeared first on investingnews.com

Vital Metals Limited (ASX: VML) (“Vital Metals” or “the Company”) is pleased to report final overlimit assay results from grab samples collected at Nechalacho, confirming exceptional rare earth grades of up to 292,145ppm TREO.

Highlights:

  • F009416 (target 1029A) returned the highest TREO value recorded at Nechalacho to date (based on Company data) as follows:
    • 29.2% TREO (292,145 ppm), including:
      • 7.0% Nd₂O₃ (70,333 ppm); and
      • 1.7% Pr₆O₁₁ (17,398 ppm).
    • NdPr oxides totalled 8.7% (87,731 ppm), representing 29.8% of TREO, highly significant as NdPr is typically the highest-value payable component within the light rare earth elements.
  • F009445 (R Zone target) returned 12.5% TREO (125,920 ppm), including 1.5% Dy₂O₃ (15,609 ppm) and 1.0% Gd₂O₃ (10,719 ppm), representing the highest dysprosium result at the project reported to date.
  • The excellent assays from the completed regional grab sample exploration program have identified 6 targets located outside of the current resource and demonstrates the significant potential at the Nechalacho Rare Earths and Niobium Project for more discoveries.
  • A 1000m exploration drill program is now underway at R Zone, S Zone and Cressy Ridge and is expected to be completed by mid-April 2026.

The results demonstrate significant potential to support the district scale of mineralisation across its Nechalacho Rare Earths and Niobium Project (Upper Zone, top 150m RL) located 100km southeast of Yellowknife, Northwest Territories, Canada.

Managing Director and CEO Lisa Riley said:

“These results demonstrate that Nechalacho is a large, dynamic rare earth system rather than a single deposit. Mineralisation has been identified outside the defined US$445m Tardiff Deposit underscoring a broad district-scale multi-target opportunity and supporting our strategy of expanding the resource base beyond Tardiff and North T while advancing Tardiff toward development.”

“We are executing a three-pronged approach:

1. Exploration work on the new targets, expanding the broader Nechalacho footprint.

2. Pre-Feasibility Study of the Tardiff deposit toward completion by February 2027.

3. Preparing to process stockpiles at North T to generate cash as soon as possible.”

Overview of Work Recently Conducted

As announced to the ASX on 23 February 2026, analyses from three grab samples, F009416, F009445 and F009446, were reported with overlimit values (i.e. Nd > 50,000 ppm, Dy >5,000ppm). These samples have since undergone a third round of analysis at ALS Canada, with final certified assay results reported outlined below.

Click here for the full ASX Release

This post appeared first on investingnews.com

CALGARY, AB / ACCESS Newswire / March 9, 2026 / Valeura Energy Inc. (TSX:VLE,OTC:VLERF)(OTCQX:VLERF) (‘Valeura’ or the ‘Company’) acknowledges decrees pertaining to Thailand’s new fuel security measures, as signed by Thailand’s Prime Minister and published in the Royal Thai Government Gazette on 06 March 2026 (the ‘decrees’).

The decrees restrict immediately, exports of four major refined fuel categories, being gasoline/gasohol, diesel, jet A1 fuel, and liquified petroleum gas. The decrees do not impose restrictions on exporting crude oil.

Valeura intends to continue supporting Thailand’s energy security by providing a reliable stream of domestically-produced oil.

The Company continues to expect that its crude oil sales will continue to attain prevailing market pricing, with price realisations approximately equivalent to the Brent crude oil benchmark.

For further information, please contact:

Valeura Energy Inc. (General Corporate Enquiries)
Sean Guest, President and CEO
Yacine Ben-Meriem, CFO
Contact@valeuraenergy.com

+65 6373 6940

Valeura Energy Inc. (Investor and Media Enquiries)
Robin James Martin, Vice President, Communications and Investor Relations
IR@valeuraenergy.com

+1 403 975 6752 / +44 7392 940495

Contact details for the Company’s advisors, covering research analysts and joint brokers, including Auctus Advisors LLP, Beacon Securities Limited, Canaccord Genuity Ltd (UK), Cormark Securities Inc., Research Capital Corporation, Roth Canada Inc., and Stifel Nicolaus Europe Limited, are listed on the Company’s website at www.valeuraenergy.com/investor-information/analysts/.

About the Company

Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

Additional information relating to Valeura is also available on SEDAR+ at http://www.sedarplus.ca.

Advisory and Caution Regarding Forward-Looking Information

Certain information included in this news release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as ‘anticipate’, ‘believe’, ‘expect’, ‘plan’, ‘intend’, ‘estimate’, ‘propose’, ‘project’, ‘target’ or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information in this news release includes, but is not limited to, the Company’s intent to continue providing a reliable stream of domestically-produced oil; and the Company’s expectation that its crude oil sales will continue to attain prevailing market pricing, with price realisations approximately equivalent to the Brent crude oil benchmark.

Forward-looking information is based on management’s current expectations and assumptions regarding, among other things: political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from governments and regulators in a manner consistent with past conduct; future drilling activity on the required/expected timelines; the prospectivity of the Company’s lands; the continued favourable pricing and operating netbacks across its business; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; the impact of inflation of future costs; future currency exchange rates; interest rates; the ability to meet drilling deadlines and fulfil commitments under licences and leases; future commodity prices; the impact of the Russian invasion of Ukraine; royalty rates and taxes; future capital and other expenditures; the success obtained in drilling new wells and working over existing wellbores; the performance of wells and facilities; the availability of the required capital to funds its exploration, development and other operations, and the ability of the Company to meet its commitments and financial obligations; the ability of the Company to secure adequate processing, transportation, fractionation and storage capacity on acceptable terms; the capacity and reliability of facilities; the application of regulatory requirements respecting abandonment and reclamation; the recoverability of the Company’s reserves and contingent resources; future growth; the sufficiency of budgeted capital expenditures in carrying out planned activities; the impact of increasing competition; the ability to efficiently integrate assets and employees acquired through acquisitions; global energy policies going forward; future debt levels; and the Company’s continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company’s work programmes and budgets are in part based upon expected agreement among joint venture partners and associated exploration, development and marketing plans and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, offshore storage and offloading facilities and other specialised oilfield equipment and service providers, changes in partners’ plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves and resources are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company including, but not limited to: the ability of management to execute its business plan or realise anticipated benefits from acquisitions; the risk of disruptions from public health emergencies and/or pandemics; competition for specialised equipment and human resources; the Company’s ability to manage growth; the Company’s ability to manage the costs related to inflation; disruption in supply chains; the risk of currency fluctuations; changes in interest rates, oil and gas prices and netbacks; potential changes in joint venture partner strategies and participation in work programmes; uncertainty regarding the contemplated timelines and costs for work programme execution; the risks of disruption to operations and access to worksites; potential changes in laws and regulations, the uncertainty regarding government and other approvals; counterparty risk; the risk that financing may not be available; risks associated with weather delays and natural disasters; and the risk associated with international activity. See the most recent annual information form and management’s discussion and analysis of the Company for a detailed discussion of the risk factors.

The forward-looking information contained in this new release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this new release is expressly qualified by this cautionary statement.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This news release is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

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

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Valeura Energy Inc.

View the original press release on ACCESS Newswire

News Provided by ACCESS Newswire via QuoteMedia

This post appeared first on investingnews.com

. – One week into the U.S. and Israeli attacks on Iran, two Republican senators on the Senate Armed Services Committee say the military operation has ‘degraded’ Tehran’s ability to strike back.

But in exclusive interviews with Fox News Digital, Sens. Rick Scott of Florida and Ted Budd of North Carolina emphasized that the fighting will not lead to U.S. involvement in ‘forever wars’ in the volatile Middle East.

‘Our military is doing a great job,’ Scott said. And pointing to Iran, he said, ‘They want to destroy America. We’ve got to stop them.’

Budd highlighted that ‘we have significantly degraded Iran’s ability to shoot back at us… their capacities are degraded. We’ve had great success.’

Budd and Scott were interviewed as they attended an economic conference in Florida hosted by the Club for Growth, an influential and politically potent conservative group that pushes for fiscal responsibility.

President Donald Trump, who called for Iran’s ‘unconditional surrender,’ said on Saturday that Tehran will be ‘hit very hard’ and warned the U.S. is considering ‘areas and groups’ not previously considered to target.

Over the past week, ‘Operation Epic Fury’ has widened in scope as Iran has retaliated against a growing number of nations in the region. This week, the Republican-controlled House and Senate, in separate votes nearly entirely along party lines, rejected moves by Democrats to restrict the president’s ability to steer the fighting.

The president said on Thursday, in an interview with Axios, that he should be involved in choosing Iran’s next leader. Iranian Supreme Leader Ayatollah Ali Khamenei was killed in the initial strikes against Iran a week ago.

And there are concerns among many on the right that the strikes against Iran could lead to prolonged American military involvement in the region, which Trump has repeatedly campaigned against during his three runs for the presidency.

‘Trump doesn’t want to be in forever wars. Every time I’ve talked to him, he doesn’t want that,’ Scott said. ‘But I think what we do want to make sure we don’t have another Ayatollah that wants to… chant Death to America and death to our allies and try to destroy us.’

Budd added that ‘we’re not up for forever wars. We want to get in, get this thing done, get out and have peace for our country and the rest of the region.’

The latest Fox News national poll indicated that American voters are divided on the U.S. and Israeli strikes on Iran, even as a majority sees the country as a security risk. 

Sixty-one percent of those questioned viewed Iran as a danger to the U.S., according to the survey conducted Feb. 28-March 2. But that concern did not translate into majority support for the current U.S. military action, as 50% approved and 50% disapproved.

Support for the attacks was lower in national polling from other news organizations.

But the Fox News poll and the other surveys indicated widespread support among Republicans.

‘Trump’s doing the right thing. He’s saving American lives by making sure that Iran does not have a nuclear weapon or ballistic missile. So he’s doing the right thing,’ Scott emphasized.

Budd added, ‘I’m very excited [about] what President Trump’s done… The goal is American prosperity and American safety, and that’s what President Trump wants.’

Oil prices have shot up since the start of the fighting, instantly resulting in higher costs for gasoline across America. That’s a major concern for Republicans as they aim to keep control of the House and Senate majorities in this year’s midterm elections.

‘Hopefully it’s all going to be short term. Hopefully… the demolition of the Iranian military will happen quickly and actually will get lower oil prices,’ Scott said.

Budd acknowledged that ‘we are going to have some short-term disruptions.’

But the senator was optimistic that ‘very soon we’ll have gas prices much cheaper than ever before. We were already on that pathway. President Trump is all about stability. He’s all about the price of oil.’

This post appeared first on FOX NEWS

An Iranian official warned that any European countries that enter the conflict against Iran will become ‘legitimate targets’ for Tehran’s retaliation. 

Iran’s Deputy Foreign Minister Majid Takht-Ravanchi made the remark to France24 as Iranian President Masoud Pezeshkian on Saturday apologized to neighboring countries that have been attacked by the regime. 

‘We have already informed the Europeans and everybody else that they should be careful not to be involved in this war of aggression against Iran,’ Takht-Ravanchi told the network. ‘If they help, I’m not trying to name any country, but if any country joins in the aggression against Iran, joins America and Israel in the aggression against Iran, definitely they will be also the legitimate targets for Iranian retaliation.’ 

‘This war has imposed on us, and we will continue to defend ourselves to the best of our abilities,’ he added. ‘We have an obligation to defend our people and that is what exactly we are doing.’

Takht-Ravanchi also claimed Iran was ‘negotiating in good faith‘ in talks with the U.S. about its nuclear program, before America launched Operation Epic Fury and Israel began Operation Roaring Lion on Feb. 28. 

‘We are sincere. We are sincere in our endeavor to arrive at a peaceful conclusion of this issue,’ he told France24. 

Pezeshkian said Saturday that any future attacks coming out of Iran would only be in response to attacks against the country. 

‘I should apologize to the neighboring countries that were attacked by Iran, on my own behalf,’ he said, according to The Associated Press. ‘From now on, they should not attack neighboring countries or fire missiles at them, unless we are attacked by those countries. I think we should solve this through diplomacy.’

Pezeshkian made the apology during a prerecorded televised speech on Saturday after Iran launched repeated strikes on Bahrain, Saudi Arabia, the United Arab Emirates, Qatar and Oman. 

Despite the vow, the United Arab Emirates (UAE) Ministry of Defense said on Saturday that the country’s air defense systems intercepted 16 ballistic missiles, 15 of which were destroyed while one fell into the sea.

Fox News Digital’s Elizabeth Pritchett and The Associated Press contributed to this report. 

Related Article

Gulf states intercept hundreds of Iranian missiles and drones, issue joint condemnation with US
This post appeared first on FOX NEWS

President Donald Trump said Saturday that the ‘hatred’ between Russia and Ukraine is getting in the way of reaching a peace deal in that conflict, where the death toll is getting worse. 

Trump, speaking at the Shield of the Americas Summit in Doral, Fla., told world leaders assembled there that, ‘The hatred between Putin and his counterpart is so great.’ 

‘It’s so great that, you know, Ukraine, Russia, you’d think there would be a little bit of camaraderie, [but] there’s not. And the hatred is so great. It’s very hard for them to get there. It’s very, very hard to get there. So we’ll see what happens,’ Trump said. ‘But we’ve been close a lot of times and one or the other would back out.’ 

‘But we’re losing, you know, they’re losing, you know, doesn’t really affect us very much because we’ve got an ocean separating. I’m doing it as a favor to Europe, and I’m doing it as a favor to life because they’re losing 25,000 souls,’ Trump added. ‘Think of that every month. 25,000. Last month, 31,000.  Both sides, 31,000 people died, mostly soldiers.’ 

Ukrainian President Volodymyr Zelenskyy told Fox News in late February that Russia is trying ‘to play with the president of the United States’ and stalling U.S.-brokered efforts to end the war. 

Zelenskyy said Ukraine is ready to freeze the conflict along its current lines, proposing a ceasefire followed by negotiations. But he said he would not accept a Russian demand for Ukraine to surrender territory the Russian army has not been able to capture in four years of fighting. 

NATO Secretary General Mark Rutte said in January that Russia is losing between 20,000 and 25,000 troops each month in its war against Ukraine as fighting drags on into a fourth year. 

Rutte told the Renew Europe Global Europe Forum in Brussels at the time that the staggering number of casualties reflects the intensity of Ukraine’s defense but warned that Russia remains NATO’s most significant long-term threat. 

Fox News’ Simon Owen, Greg Palkot and Ashley Carnahan contributed to this report. 

Related Article

Ukraine’s Zelenskyy: Russia trying ‘to play’ game with Trump, stall peace talks
This post appeared first on FOX NEWS

SpaceX and Tesla CEO Elon Musk gave a two-word retort after Anthropic leader Dario Amodei claimed in an interview that he isn’t sure if his company’s AI models have gained consciousness.

‘Anthropic CEO says Claude may or may not have gained consciousness, as the model has begun showing symptoms of anxiety,’ read a post on X by cryptocurrency-based prediction market Polymarket, to which Musk replied, ‘He’s projecting.’ 

The comment from Musk, who is also the founder of xAI, comes as Anthropic is at odds with the Pentagon over its use in a separate matter.  

In an interview with The New York Times, Amodei, when asked about AI and consciousness, said, ‘We’ve taken a generally precautionary approach here,’ and, ‘We don’t know if the models are conscious.’

‘We are not even sure that we know what it would mean for a model to be conscious or whether a model can be conscious. But we’re open to the idea that it could be,’ he continued. 

‘We’re putting a lot of work into this field called interpretability, which is looking inside the brains of the models to try to understand what they’re thinking. And you find things that are evocative, where there are activations that light up in the models that we see as being associated with the concept of anxiety or something like that. When characters experience anxiety in the text, and then when the model itself is in a situation that a human might associate with anxiety, that same anxiety neuron shows up,’ Amodei also told the Times. 

The interview comes as the Trump administration is moving federal agencies away from Anthropic after the tech company pushed back against the War Department’s usage of its tools.

The Pentagon has called for Anthropic to allow the Department of War to utilize the company’s artificial intelligence product for ‘all lawful purposes,’ but Amodei has suggested the government could potentially use their product for ‘mass domestic surveillance’ or ‘fully autonomous weapons,’ and that the company would not be willing to allow such use cases.

President Donald Trump said last Friday, ‘The Leftwing nut jobs at Anthropic have made a DISASTROUS MISTAKE trying to STRONG-ARM the Department of War, and force them to obey their Terms of Service instead of our Constitution. Their selfishness is putting AMERICAN LIVES at risk, our Troops in danger, and our National Security in JEOPARDY.’ 

‘Therefore, I am directing EVERY Federal Agency in the United States Government to IMMEDIATELY CEASE all use of Anthropic’s technology. We don’t need it, we don’t want it, and will not do business with them again! There will be a Six Month phase out period for Agencies like the Department of War who are using Anthropic’s products, at various levels,’ Trump added on Truth Social.

Secretary of War Pete Hegseth later wrote on X, ‘In conjunction with the President’s directive for the Federal Government to cease all use of Anthropic’s technology, I am directing the Department of War to designate Anthropic a Supply-Chain Risk to National Security. Effective immediately, no contractor, supplier, or partner that does business with the United States military may conduct any commercial activity with Anthropic. Anthropic will continue to provide the Department of War its services for a period of no more than six months to allow for a seamless transition to a better and more patriotic service.’ 

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

Related Article

Top AI firm alleges Chinese labs used 24K fake accounts to siphon US tech
This post appeared first on FOX NEWS

– British opposition leader Nigel Farage is taking aim at his country’s prime minister for not supporting the U.S. in its military strikes against Iran.

‘I think not to support America when it asks for support is a pretty extraordinary thing to have done.,’ Farage, the leader of the right-wing Reform UK party, said in an exclusive interview Saturday with Fox News Digital.

President Donald Trump has blasted Labor Prime Minister Keir Starmer for initially blocking the U.S. from using British military bases, specifically Diego Garcia — a strategic base located on an Indian Ocean island — for strikes against Iran during Operation Epic Fury. Starmer later permitted the use of the bases for ‘defensive strikes’ after Trump’s complaints. 

Starmer hasn’t spoken to Trump since they connected on a call last weekend, after the U.S. and Israel launched their strikes on Iran. The British prime minister has made clear his country would not be joining the U.S. in attacking Iran, emphasizing he didn’t believe in ‘regime change from the skies.’

Trump, taking a jab at Starmer, said earlier this week, ‘This is not Winston Churchill we are dealing with.’

Farage criticized Starmer for not changing his stance, ‘even now, despite the fact that we’ve got an RAF base in Cyprus that’s been under attack, we’ve got allies of ours in the Gulf that are under attack.’

‘I think there’s been less than wholehearted support has come for the Americans in this endeavor. And I think the British Prime Minister on the world stage, he’s upset the Americans,’ Farage said. ‘He’s upset the Cypriots. He’s upset the Gulf states. And he’s pretty friendless at the moment.’

Farage, who seven years ago founded the populist Brexit Party, which later transformed into the Reform UK party, was interviewed ahead of an appearance at an annual economic conference in Florida hosted by the Club for Growth, an influential and politically potent political group that pushes for fiscal responsibility.

Starmer has been feeling Trump’s wrath not only for their differences over the attack on Iran, but also over the British deal to hand sovereignty of the Chagos Islands, the Indian Ocean archipelago where Diego Garcia is located, to Mauritius. Starmer has argued his lease-back deal is the only way to secure the British-U.S. military base on Diego Garcia.

Farage, who has been vocal in his opposition to the deal, told Fox News Digital that ‘outside of America itself,’ Diego Garcia ‘is the most important base you’ve got in the whole world. Now it’s there as part of British sovereignty. We have a treaty between us that goes back to 1966 and Keir Starmer is on the verge of giving away the sovereignty of the Chagos islands and Diego Garcia to Mauritius.’

‘If Trump initially had problems with the Brits over using the base, just think what it will be like with the heavily Chinese-influenced Mauritians. They already have said they believe that America should not have struck Iran, that it was against international law, then are calling for a ceasefire,’ Farage said.

Farage, who said his opposition to the deal was a key factor in his weekend trip to the U.S., said, ‘I would just urge the president, this administration, stay firm. Tell the British government you will not accept giving away of sovereignty to Mauritius, and let’s ensure a future for Diego Garcia. I think it’s really important.’

Farage, who’s hoping to become Britain’s next prime minister, argued that Starmer’s relationship with Trump is beyond repair.

‘I think the personal relationship between Keir Starmer and Donald Trump has gone. I mean, Trump can be forgiving, but, you know, that would take a long time. So I think that breakdown is there,’ he said.

But as for the longstanding bonds between the two countries, known as the ‘special relationship,’ Farage was more optimistic.

‘The special relationship went through bad times in the past. We had a massive fallout 70 years ago over Suez, but we got back together again. I’m convinced it can, and it will, be mended,’ he predicted.

This post appeared first on FOX NEWS

During the Shield of the Americas summit in Florida on Saturday, outgoing Department of Homeland Security (DHS) Secretary Kristi Noem thanked President Donald Trump for appointing her to a newly created role after she was ousted from overseeing the agency.

Noem, who is moving to the newly created position of special envoy for the Shield of the Americas, showed no ill feelings toward the president and said she was proud of her work at DHS, arguing the department had secured the border and eliminated public safety threats.

‘I do want to thank the president for creating this and for giving me the honor and the opportunity to serve as a special envoy to this region, to the Western Hemisphere,’ Noem said during the summit at Trump National Doral outside Miami. 

‘This Shield of the Americas will be a powerful example to the rest of the world about what’s possible.’

Trump announced this week that Noem would shift into the new role after cutting short her tenure at DHS. 

Noem was removed as the nation’s immigration chief after a turbulent stretch marked by internal clashes and two contentious congressional hearings where even some Republicans pressed her over leadership missteps, including the ad campaign, which she claimed the president had signed off on.

Noem framed the initiative as an effort to expand border security cooperation beyond the United States.

‘The way that we cooperate on our shared ideals of freedom and of democracy and safety and security will be a shining light to all of those who wish to be more like all of us,’ she said.

Noem, who previously served in Congress and as South Dakota governor before leading DHS, defended her record overseeing immigration enforcement during the past year.

‘In the last year, as secretary of Homeland Security, we have focused on securing our border,’ she said. ‘We have transformed our country from one that was being invaded by enemies, millions of them that were coming in unvetted, that we didn’t know who was there and who wished to harm us.’

‘We’ve secured that border,’ she continued. ‘We’ve focused on removing public safety threats, and over 3 million people have been deported or removed from our country in the last year.’

Noem argued that stronger border enforcement has allowed the administration to pivot toward economic and diplomatic engagement with neighboring nations.

‘Secure borders has changed everything for our country,’ she said. ‘Now that America is secure and our borders are secure, we want to focus on our neighbors and to help our neighbors with their borders and challenges that they have so that they may have the security that we enjoy.’

Trump announced on Truth Social that Sen. Markwayne Mullin, R-Okla., will replace her effective March 31, while Noem shifts to the newly created envoy role.

Members of Trump’s Cabinet, including Secretary of State Marco Rubio, Secretary of War Pete Hegseth, Secretary of Commerce Howard Lutnick and United States Trade Representative Jamieson Greer attended Saturday’s summit. 

Leaders from other nations included Argentina’s Javier Milei, El Salvador’s Nayib Bukele Ortez, Bolivia’s Rodrigo Paz Pereira, Costa Rica’s Rodrigo Chaves Robles, Panama’s José Raúl Mulino Quintero, and Trinidad and Tobago’s Kamla Persad-Bissessar, Chile’s Jose Antonio Kast, the Dominican Republic’s Luis Rodolfo Abinader Corona, Ecuador’s Daniel Roy Gilchrist Noboa Azín, Guyana’s Mohamed Irfaan Ali, Honduras’ Nasry ‘Tito’ Asfura and Paraguay’s Santiago Peña.

Notably missing were the leaders of Venezuela, Delcy Rodríguez, and Mexico, Claudia Sheinbaum Pardo.

Fox News Digital’s Alec Schemmel contributed to this report.

Related Article

‘Nice upgrade’: Fetterman says Mullin has the votes as Trump moves to replace Noem at DHS
This post appeared first on FOX NEWS

President Donald Trump declared Saturday that the U.S. is ‘taking out tremendous amounts of oil’ from Venezuela while vowing to ‘take care’ of Cuba’s regime following America’s focus on Iran. 

The president, speaking at the Shield of the Americas Summit in Florida, prefaced his remarks by saying that since the January operation to capture former Venezuelan dictator Nicolás Maduro, the administration has ‘been working closely with the new president of Venezuela, Delcy Rodriguez,’ and, ‘she’s doing a great job working with us.’ 

‘And we’re taking out tremendous amounts of oil. They’re making more money now than they’ve ever made, ever made. We have the big oil companies in. They are making more money, we’re getting some,’ Trump said. ‘They’re getting a lot. They’re making more money now than they’ve ever made in the history of their country.’ 

‘And I’m pleased to say that this week we have formally recognized the Venezuelan government. We’ve actually legally recognized them. We have also just reached a historic gold deal that’s called the gold deal with Venezuela, to allow our two countries to work together to facilitate the sale of Venezuelan gold and other minerals,’ Trump continued, describing a license issued by the Treasury Department Friday that prohibits people and companies from Iran, North Korea, Russia and Cuba from doing business with Minerven – Venezuela’s state-owned gold mining company – among other measures.

‘As we achieve a historic transformation in Venezuela, we’re also looking forward to the great change that will soon be coming to Cuba. Cuba’s at the end of the line,’ Trump also said. ‘They’re very much at the end of the line. They have no money, they have no oil. They have a bad philosophy. They have a bad regime that’s been bad for a long time. And they used to get the money from Venezuela. They get the oil from Venezuela, but they don’t have any money from Venezuela. They don’t have any oil,’ Trump added. 

Trump in January had declared a national emergency via an executive order over Cuba, accusing the communist regime of aligning with hostile foreign powers and terrorist groups while moving to punish countries that supply the island nation with oil. 

Trump said Saturday that Cuba is ‘negotiating with [Secretary of State] Marco [Rubio] and myself and some others. And I would think a deal would be made very easily with Cuba.’

‘But Cuba is in its last moments of life as it was. It’ll have a great new life, but it’s in its last moments of life, the way it is,’ the president added. 

The State Department described the Shield of the Americas Summit in Doral as a gathering of the ‘strongest likeminded allies in our hemisphere to promote freedom, security, and prosperity in our region.’ 

Trump said America’s ‘focus right now is on Iran,’ but ‘many of you have come today, and they say, ‘I hope you can take care of Cuba because you’ve had problems with Cuba, right? You mentioned.’

‘I was surprised, but, four of you said, actually, ‘could you do us a favor? Take care of Cuba.’ I’ll take care of it, okay?’ Trump said, garnering applause.  

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

Related Article

US restores diplomatic relations with Venezuela amid push for democratic transition
This post appeared first on FOX NEWS