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Democrats may be celebrating Kristi Noem’s ouster from the Department of Homeland Security (DHS), but they are still digging their heels in against ending the agency’s weekslong shutdown.

‘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,’ House Minority Leader Hakeem Jeffries, D-N.Y., told reporters during a news conference Thursday.

That point has since been echoed by several other Democratic lawmakers despite Noem’s firing apparently being one of their key demands in exchange for allowing DHS to be fully funded through the remainder of this fiscal year.

Congressional Democrats have maintained a unified blockade of funding for the agency in pursuit of stringent reforms to Immigration and Customs Enforcement (ICE). Democrats and the White House have been negotiating, but neither side has agreed to compromise terms.

And the shutdown is now guaranteed to drag on for another month, given that the House will be out for a week and the Senate is unable to advance any DHS funding legislation.

‘I’m waiting for them to give us an offer, make us an offering as to what it is that you want us to vote on,’ Rep. Lou Correa, D-Calif., said. ‘I want to see what the guardrails are before I vote on this funding. … I don’t want us to have masked individuals in my community. I want to see body cameras. I want you to identify yourself when you’re making an arrest.’

Many Democrats aren’t sure that Noem’s chosen replacement, Sen. Markwayne Mullin, R-Okla., would be the answer to the changes they want.

Rep. Eric Swalwell, D-Calif., suggested to Fox News Digital that he was skeptical that any replacement for Noem would be more effective in the discussions given they still have to answer to Trump and his policies.

And Senate Minority Leader Chuck Schumer, D-N.Y., plans to block Mullin’s confirmation in a bid to extract Democrats’ long-sought reforms to ICE.

‘The rot runs deep,’ Schumer said. ‘If the president wants accountability, he must do more than fire one official — he must end the violence and rein in ICE.’

Republican leaders in the House and Senate both tried again to advance a DHS funding bill that was released as part of wider bipartisan government funding discussions earlier this year.

The bill passed the House with all but four Democrats voting ‘no,’ even hours after Noem’s ouster.

In the Senate, news of Noem’s firing erupted as another push by Senate Majority Leader John Thune, R-S.D., to pass a full-year funding bill began. Like their colleagues in the House, Senate Democrats were unfazed by the change and once more blocked the legislation.

When asked if he believed removing Noem from the equation would make a difference, Thune said, ‘It should.’

‘The Democrats have been complaining about that forever,’ Thune said. ‘And, so, this, to me, is a huge development, I would think, in the funding conversation, and hopefully they’ll get more earnest about coming to the table and trying to get a deal. I mean, we should find out soon enough.’

For now, Senate Democrats appear firmly entrenched in their position, even with their colleague Mullin taking the helm of the agency.

‘No, I don’t think it makes any difference,’ Sen. Gary Peters, D-Mich., told Fox News Digital. ‘They have got to put in the reforms that we need.’

Mullin, who has staunchly opposed the stringent reforms Democrats seek for the agency, said he would meet with Schumer in a bid to earn his and every Senate Democrat’s vote during his forthcoming confirmation process.

‘I’m not going to get into, you know, a tit-for-tat, but if they have real concerns, I’m going to listen to it. I’m going to see if it’s practical,’ Mullin said. ‘But nothing’s going to prevent me from doing my job. I’m going to enforce the policies and the laws that Congress has passed, and we’re going to protect our homeland.’

But not all Democrats were pessimistic.

Asked by Fox News Digital whether Noem’s firing would help advance DHS funding talks, Rep. Jared Moskowitz, D-Fla., said, ‘I think it allows us to reopen the negotiations.’

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A Pakistani man convicted on Friday of plotting to assassinate President Donald Trump and other politicians told an FBI agent he thought Iran ‘was responsible’ for the assassination attempt on Trump in Butler, Pennsylvania.

Asif Merchant, 47, told the FBI agent, Jacqueline Smith, that the incident ‘was the same thing he was sent here to do,’ Smith testified during Merchant’s trial. Merchant told jurors the Islamic Revolutionary Guard Corps (IRGC) sent him on a ‘mission’ to kill U.S. politicians, including by telling him to attend a Republican rally.

Merchant was arrested July 12, 2024, one day prior to the shooting in Butler, where Thomas Crooks fired several shots into a rally crowd, killing one and grazing Trump’s ear. 

The FBI has said repeatedly that it found no evidence that Crooks had co-conspirators or that any foreign actors were involved in the incident.

Merchant, who was convicted by a jury of murder-for-hire and attempt to commit terrorism, testified that Trump was not his only target, telling jurors then-President Joe Biden and former presidential candidate Nikki Haley were also on his list. He claimed that he only took part in the plot because Iran’s IRGC warned it would target his family.

‘I had no other options,’ Merchant said. ‘My family was threatened.’

Merchant now faces a maximum penalty of life in prison. His sentence will be determined at a later hearing.

Merchant was arrested after he was recorded on camera outlining a plot on a napkin to kill a politician with a person who turned out to be an FBI informant. Federal prosecutors showed video during the trial of Merchant speaking to the informant. The prosecutors said Merchant also tried to hire two hit men and pay them $5,000, but the men turned out to be federal agents posing as assassins.

Smith, the FBI agent who met with Merchant after his arrest, said that Merchant never conveyed that he feared for his family. Merchant said he wanted to do intelligence work and be paid for it, Smith said.

The FBI agent also said Merchant was told by an Iranian handler to attend a Republican political rally to scope out security but that Merchant was worried about being identified, and so he watched the rally online instead.

Merchant’s defense team told jurors their client, who has two wives, was a family man and cared deeply about his faith and that he intentionally acted carelessly because he wanted to be caught.

In their closing arguments, defense lawyers said Merchant had his hand forced in the operation, thinking his family would be harmed if he did not cooperate. Additionally, the lawyers cited several instances where they said Merchant’s actions as an intelligence operator were little more than incompetent.

Fox News’ Danielle Cavaliere and Brendan McDonald contributed.

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When War Secretary Pete Hegseth was asked recently whether U.S. forces would ever move to secure enriched uranium reportedly stored at Iran’s Isfahan nuclear complex, he declined to say, citing operational security.

The exchange highlighted a question the U.S. and Israel’s air campaign alone cannot answer: even if U.S. strikes degrade Iran’s nuclear infrastructure, who would physically secure the enriched uranium, and how?

Iran is believed to possess a significant stockpile of uranium enriched to 60%, near weapons-grade. That material could theoretically be used in multiple nuclear devices if further refined. 

Moving from 60% to weapons-grade 90% enrichment requires additional processing, and weaponization would involve further technical steps. But analysts say the more immediate issue is physical control of the material itself.

‘If the U.S. wants to secure Iran’s nuclear materials, it’s going to require a massive ground operation,’ Kelsey Davenport, director of nonproliferation policy at the Arms Control Association, told Fox News Digital.

Davenport said the highly enriched uranium believed to be stored at Isfahan appears to be deeply buried and contained in relatively mobile canisters. Securing it would likely require locating the full stockpile, accessing underground facilities and safely extracting or downblending the material.

‘It’s not even clear the United States knows where all of the uranium is,’ she said, noting that the mobility of storage containers raises the possibility that some material could be moved or dispersed.

The administration repeatedly has said preventing Iran from obtaining a nuclear weapon remains a central objective of Operation Epic Fury.

‘Ultimately, this issue of Iran’s nuclear pursuit and their unwillingness through negotiations to stop it is something President Trump has said for a long time needs to be dealt with,’ Hegseth said.

Senior administration officials have argued that Iran sought to build up its ballistic missile arsenal in part to create a deterrent shield — enabling Iran to continue advancing its nuclear program while discouraging outside intervention.

So far, however, the bulk of U.S. strikes have focused on degrading missile launchers, air defenses and other conventional military targets.

Experts note that dismantling missile systems may reduce Iran’s ability to shield a potential nuclear breakout. But physically controlling enriched uranium itself presents a separate and more complex challenge.

Airstrikes versus physical control

Defense officials have acknowledged that degrading nuclear infrastructure from the air is different from safely managing or securing nuclear material. 

Airstrikes can destroy centrifuges, power systems and support buildings. But enriched uranium stored underground may remain intact unless it is physically secured, removed or verifiably downblended.

Striking or extracting nuclear material also carries safety risks that military planners must weigh. 

If storage casks containing uranium hexafluoride gas were compromised, the material could pose chemical toxicity risks to personnel entering the site without proper protective equipment. Analysts say a conventional strike is unlikely to trigger a nuclear detonation, but dispersal of material could create localized hazards and complicate recovery efforts.

Chuck DeVore, a former Reagan-era defense official who worked on nuclear issues, argued that directly targeting the stockpile may not be a priority under current battlefield conditions.

‘You don’t want to release the material into the surrounding areas and cause radioactive contamination,’ DeVore said, adding that deeply buried facilities are difficult to reach from the air. 

DeVore also downplayed the immediacy of a breakout scenario, arguing that further enrichment, weaponization and delivery would be difficult to execute undetected amid sustained U.S. air operations.

Even if Iran were able to further enrich uranium, he said, assembling a deliverable weapon under active military pressure would present significant technical and operational hurdles.

Still, DeVore acknowledged that long-term control of the uranium would ultimately require a political resolution inside Iran and some form of outside oversight.

What would securing it require?

Nonproliferation experts say securing enriched uranium generally involves more than military force. It requires verified accounting of the material, sustained access to storage sites and either removal or downblending to lower enrichment levels suitable for civilian use.

Davenport said internationally monitored downblending would be the safest option if political conditions allow.

‘The IAEA remains the best place to go back into Iran to monitor the sites, to try to track down and account for the enriched uranium,’ she said, describing downblending as a relatively straightforward technical process compared to attempting to extract and transport highly enriched material in a contested environment.

Both pathways — physical seizure or internationally monitored reduction — depend on conditions that do not currently exist.

Administration officials argue that dismantling Iran’s missile network weakens Iran’s ability to shield a nuclear breakout and reduces the immediate threat to U.S. forces and regional allies.

But suppressing missiles and controlling enriched uranium are separate challenges.

Destroying infrastructure can slow or disrupt a program. Physically locating, accounting for and securing nuclear material requires sustained access, reliable intelligence and — ultimately — political conditions that allow it.

For now, the administration maintains that Iran will not be allowed to obtain a nuclear weapon. How the enriched uranium itself would be secured remains a question without a public answer.

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The stunning details revealed by Steve Witkoff on his talks with Iran and their boastful remarks about its nuclear program have seemingly fallen on deaf ears at the U.N. nuclear agency.

Days into the U.S.-Israel joint campaign against Iran, the director general of the International Atomic Energy Agency (IAEA) Rafael Grossi posted to X stating, ‘There has been no evidence of Iran building a nuclear bomb.’

Fox News Digital asked the IAEA how it could assess the development of a possible nuclear weapon without access to Iran’s facilities but received no response at press time.

Grossi’s post came as the U.S. Special Envoy to the Middle East Steve Witkoff gave details to Fox News’ Sean Hannity earlier this week on his talks with the regime prior to the U.S. and Israel launching their military operation against Tehran.

Witkoff revealed the negotiators said they had an ‘inalienable right’ to enrich uranium. When Witkoff countered that the Trump administration had the ‘inalienable right to stop [them, ]’ he explained that the negotiators said this was only their starting point.

‘They have 10,000, roughly, kilograms of fissionable material that’s broken up into roughly 460 kilograms of 60% enriched uranium, another 1,000 kilograms 20% enriched uranium,’ Witkoff explained. ‘They manufacture their own centrifuges to enrich this material, so there’s almost no stopping them. They have an endless supply of it. The 60% material can be brought to 90% – that’s weapon grade — in roughly one week, maybe 10 days at the outside. The 20% can be brought to weapons grade inside of three to four weeks.’

Witkoff added that during his first meeting with the negotiators, they said ‘with no shame that they controlled 460 kilograms of 60% and they’re aware that that could make 11 nuclear bombs, and that was the beginning of this negotiating stance.’

‘They were proud of it. They were proud that they had evaded all sorts of oversight protocols to get to a place where they could deliver 11 nuclear bombs,’ Witkoff said.

Grossi, who is running to become the next United Nations secretary general, did however admit in his post on X that Iran maintains ‘a large stockpile of near-weapons grade enriched uranium’ and said that the Islamic Republic has not allowed inspectors full access to its program. With these facts in mind, he said that the IAEA ‘will not be in a position to provide assurance that Iran’s nuclear programme is exclusively peaceful’ until Iran ‘assists…in resolving the outstanding safeguards issues.’

Richard Goldberg, a senior advisor to the Foundation for the Defense of Democracies, FDD, told Fox News Digital, No one paid much attention to Rafael Grossi throughout the Biden years when he repeatedly warned publicly that Iran was refusing to cooperate with and providing false statements to the IAEA about ongoing investigations into undeclared facilities, activists and nuclear material.’

The former Trump administration official said, ‘There are some key facts being ignored today. The IAEA board last year found Iran to be in breach of the NPT. To this day, Grossi has confirmed that the IAEA cannot verify the Iranian nuclear program is peaceful.’

He continued, ‘This is not Iraq where we lacked hard public evidence of a nuclear weapons program. Iran had built out nearly every part of its nuclear weapons program in plain sight, with the weaponization work moving forward at undeclared sites controlled by SPND. If the administration had evidence the regime was moving quickly to reconstitute key elements of that program — from advanced centrifuge manufacturing to completion of a new underground enrichment site alongside advancement of delivery vehicle programs – the president was fully justified in enforcing a red line he set after Operation Midnight Hammer.’

Spencer Faragasso, a senior fellow at the Institute for Science and International Security (ISIS), told Fox News Digital that his organization calculated prior to the June 2025 12 Day War that Iran possessed 440.9 kilograms of 60% rich uranium. With about 24 or 25 kilograms of 90% rich uranium required per weapon, Faragasso said the country possessed the ability to produce 11 weapons in one month.

Faragasso said that there remain questions about whether the Iranians can access their enriched materials, and whether they possess additional centrifuges that may have not been installed in the facilities that were struck.

‘Being able to enrich the uranium up to weapon grade is actually a tall order,’ he said, explaining that it would require a new enrichment site and components and materials that ‘Iran would either need to recover from its destroyed facilities’ or ‘illicitly import them from abroad.’ With a few hundred centrifuges, enough for two or three cascades, Faragasso said the Iranians could have enriched their uranium stores to weapon grade.

‘To be clear, the successes gained from the June war are not permanent and officials from the regime spoke publicly about how they wanted to reconstitute their enrichment program, their nuclear program,’ he said. ‘The more time that goes on, the worse the situation will get. It’s not going to get better, especially regarding the ballistic missile program.’

He said the Iranians had previously expressed the desire to open a fourth enrichment site, which the IAEA stated was at Esfahan. According to Faragasso, there was ‘never confirmation’ of where the site was or how far along construction may have been.

The group is now tracking an Israeli strike on March 3 on Min-Zadayi, a site that Faragasso said ‘was completely unknown’ to them previously. The Israel Defense Forces reported on X that the site was ‘used by a group of nuclear scientists who operated to develop a key component for nuclear weapons.’ 

The State Department referred Fox News Digital to remarks made by Secretary of State Marco Rubio to the press on Tuesday on Iran’s nuclear program. 

‘This terroristic, radical, cleric-led regime cannot be ever allowed to have nuclear weapons.’ Explaining that the Islamic Republic was ‘willing to slaughter their own people in the streets,’ Rubio directed members of the press to ‘imagine what they would do to us. Imagine what they would do to others. Under President Trump that will never, ever happen,’ he said.

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President Donald Trump on Friday said the U.S. is ‘doing very well’ in Iran, nearly a week after the military coordinated with Israel on airstrikes in Tehran that left its supreme leader, Ayatollah Ali Khamenei, dead.

‘Somebody said, ‘How would you score it from zero to 10?’ I said, ‘I’d give it a 12 to a 15.’ Their army is gone. Their navy is gone. Their communications are gone. Their leaders are gone,’ Trump said. ‘Two sets of their leaders.’

The president made the remarks after Fox News senior White House correspondent Peter Doocy asked at the end of a White House college sports roundtable what was motivating Trump to hold the roundtableat that moment ‘because there is a lot of other stuff going on in the world.’

‘That’s right,’ Trump agreed, adding that Iran’s air force has been ‘wiped out entirely. Think of it. They have 32 ships. All 32 are at the bottom of the ocean. Other than that, they’re doing very well,’ he joked.

‘Our military is doing phenomenally,’ he said. ‘The situation with a very bad and very sick group of leaders who were killing a lot of people, a lot of our people were being killed or were being maimed … And we had a choice. We could take it and go on like that for years or do something about it. And we did something about it.’

Trump added that ‘people are very impressed with our military, and they admire our military with what happened in Venezuela, what’s happening now, what’s happened with the B-2 bombers before this, where they took out the nuclear capability or potential of Iran.’

He added, ‘I think we’re, right now, we’re a country that’s more respected than we’ve ever been respected before.’

Doocy also said to the president earlier, ‘It sounds like the Russians are helping Iran target and attack Americans now.’

‘That’s an easy problem compared to what we’re doing here,’ Trump said, referring to college sports, calling it a ‘stupid question to be asking at this time. We’re talking about something else.’

Earlier Friday, Trump wrote on Truth Social that the U.S. won’t accept any deal with Iran ‘except UNCONDITIONAL SURRENDER!’

‘After that, and the selection of a GREAT & ACCEPTABLE Leader(s), we, and many of our wonderful and very brave allies and partners, will work tirelessly to bring Iran back from the brink of destruction, making it economically bigger, better, and stronger than ever before,’ Trump wrote. ‘IRAN WILL HAVE A GREAT FUTURE. ‘MAKE IRAN GREAT AGAIN (MIGA!).’’

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Former President Joe Biden told mourners at Rev. Jesse Jackson’s memorial service Friday that he is ‘a h— of a lot smarter than most of you,’ a pointed remark that stood out during his tribute to the late civil rights leader.

Biden made the comment while recounting how he was mocked as a child for his stutter and how speech impediments are often mistaken for a lack of intelligence.

‘If I told you I had a cleft palate or clubfoot, none of you would have laughed,’ Biden said. ‘But it’s okay to laugh at stuttering. … It’s the one place where people think you’re stupid.’

‘Oh, really? I’m a h— of a lot smarter than most of you,’ he added, before quickly pivoting back to his broader point. ‘But all kidding aside, it makes you feel really small.’

The remark came during a memorial service in Chicago that brought together prominent Democratic leaders and civil rights figures to honor Jackson’s decades-long political influence.

Former Presidents Barack Obama and Bill Clinton attended the service, along with former Secretary of State Hillary Clinton, former Vice President Kamala Harris and Rev. Al Sharpton.

The event was held at the 10,000-seat House of Hope arena, where hundreds gathered to celebrate Jackson’s life and legacy.

Jackson, who died at 84, rose to prominence as a close associate of Martin Luther King Jr. during the civil rights movement. He later founded the Rainbow PUSH Coalition and mounted two Democratic presidential campaigns in 1984 and 1988 that expanded Black voter participation and reshaped the party’s electoral coalition.

Throughout the service, speakers praised Jackson’s ability to build political alliances and elevate issues affecting marginalized communities.

Biden, who has frequently spoken about working to overcome his childhood stutter, framed his remarks around resilience and the lasting impact of being ridiculed as a young person.

His ‘smarter than most of you’ line was quickly added to a growing list of out-of-context gaffes for the former President as social media users weighed in online.

Under one repost of the viral moment from user Libs of TikTok, one commenter wrote, ‘That’s a strange line to deliver at a memorial service.’

Another quipped, ‘Never ending comedy from this guy. So happy he’s back in public.’

Outside of Biden’s remarks, the memorial largely focused on Jackson’s legacy as a civil rights leader who helped shape the modern Democratic Party and broaden political participation in the United States.

Fox News Digital’s Greg Norman-Diamond, Bradford Betz, and Patrick McGovern contributed to this reporting.

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President Donald Trump on Friday said the U.S. is ‘doing very well’ in Iran, nearly a week after the military coordinated with Israel on airstrikes in Tehran that left its supreme leader, Ayatollah Ali Khamenei, dead.

‘Somebody said, ‘How would you score it from zero to 10?’ I said, ‘I’d give it a 12 to a 15.’ Their army is gone. Their navy is gone. Their communications are gone. Their leaders are gone,’ Trump said. ‘Two sets of their leaders.’

The president made the remarks after Fox News senior White House correspondent Peter Doocy asked at the end of a White House college sports roundtable what was motivating Trump to hold the roundtable ‘because there is a lot of other stuff going on in the world.’

‘That’s right,’ Trump agreed, adding that Iran’s air force has been ‘wiped out entirely. Think of it. They have 32 ships. All 32 are at the bottom of the ocean. Other than that, they’re doing very well.’

‘Our military is doing phenomenally,’ he said. ‘The situation with a very bad and very sick group of leaders who were killing a lot of people. A lot of our people were being killed or were being maimed. … And we had a choice. We could take it and go on like that for years or do something about it. And we did something about it.’

Trump added that ‘people are very impressed with our military, and they admire our military with what happened in Venezuela, what’s happening now, what’s happened with the B-2 bombers before this, where they took out the nuclear capability or potential of Iran.

‘I think we’re, right now, we’re a country that’s more respected than we’ve ever been respected before.’

Doocy also told the president earlier, ‘It sounds like the Russians are helping Iran target and attack Americans now.’

‘That’s an easy problem compared to what we’re doing here,’ Trump said, referring to college sports, calling it a ‘stupid question to be asking at this time. We’re talking about something else.’

Earlier Friday, Trump wrote on Truth Social that the U.S. won’t accept any deal with Iran ‘except UNCONDITIONAL SURRENDER!’

‘After that, and the selection of a GREAT & ACCEPTABLE Leader(s), we, and many of our wonderful and very brave allies and partners, will work tirelessly to bring Iran back from the brink of destruction, making it economically bigger, better, and stronger than ever before,’ Trump wrote. 

‘IRAN WILL HAVE A GREAT FUTURE. ‘MAKE IRAN GREAT AGAIN (MIGA!).’’

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A Pakistani man convicted Friday of plotting to assassinate President Donald Trump and other politicians told an FBI agent he thought Iran ‘was responsible’ for the assassination attempt on Trump in Butler, Pennsylvania.

Asif Merchant, 47, told the FBI agent, Jacqueline Smith, that the incident ‘was the same thing he was sent here to do,’ Smith testified during Merchant’s trial. Merchant told jurors the Islamic Revolutionary Guard Corps (IRGC) sent him on a ‘mission’ to kill U.S. politicians, including by telling him to attend a Republican rally.

Merchant was arrested July 12, 2024, one day prior to the shooting in Butler, where Thomas Crooks fired several shots into a rally crowd, killing one and grazing Trump’s ear. 

The FBI has said repeatedly it found no evidence that Crooks had co-conspirators or that any foreign actors were involved in the incident.

Merchant, who was convicted by a jury of murder-for-hire and attempting to commit terrorism, testified that Trump was not his only target, telling jurors then-President Joe Biden and former presidential candidate Nikki Haley were also on his list. He claimed he only took part in the plot, which was foiled by the FBI before coming to fruition, because Iran’s IRGC warned it would target his family.

‘I had no other options,’ Merchant said. ‘My family was threatened.’

Merchant now faces a maximum penalty of life in prison. His sentence will be determined at a later hearing.

Attorney General Pam Bondi said in a statement that Merchant ‘landed on American soil hoping to kill President Trump — instead, he was met with the might of American law enforcement.’

‘The Department of Justice will remain ever-vigilant to protect Americans, prosecute terrorists, and halt acts of terrorism before they happen,’ Bondi said.

Merchant was arrested after he was recorded on camera outlining a plot on a napkin to kill a politician with a person who turned out to be an FBI informant. Federal prosecutors showed video during the trial of Merchant speaking to the informant. The prosecutors said Merchant also tried to hire two hit men and pay them $5,000, but the men turned out to be federal agents posing as assassins.

Smith, the FBI agent who met with Merchant after his arrest, said Merchant never conveyed that he feared for his family. Merchant said he wanted to do intelligence work and be paid for it, Smith said.

The FBI agent also said Merchant was told by an Iranian handler to attend a Republican political rally to scope out security. But Merchant was worried about being identified, so he watched the rally online instead.

Merchant’s defense team told jurors their client, who has two wives, was a family man and cared deeply about his faith and that he intentionally acted carelessly because he wanted to be caught.

In their closing arguments, defense lawyers said Merchant had his hand forced in the operation, thinking his family would be harmed if he did not cooperate. Additionally, the lawyers cited several instances in which Merchant’s actions as an intelligence operator were little more than incompetent.

Fox News’ Danielle Cavaliere and Brendan McDonald contributed.

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A new US-Venezuela gold deal could soon channel hundreds of kilograms of bullion from the South American nation into American refineries.

Venezuela’s state-owned mining company, Minerven, has agreed to sell between 650 and 1,000 kilograms of gold dore bars to commodities trading house Trafigura under a multimillion-dollar arrangement brokered with the involvement of US officials, according to people familiar with the matter.

The gold will ultimately be delivered to refineries in the US under a separate arrangement with the US government, the sources said. The contract calls for the metal to contain about 98 percent gold content.

At current prices, the shipment could be worth more than US$100 million. A kilogram of pure gold currently trades at roughly US$166,000, though the value fluctuates with market conditions.

The agreement continues efforts by the Trump administration to deepen economic coordination with the country’s interim government following the January capture of Venezuelan President Nicolas Maduro by US forces.

US Interior Secretary Doug Burgum, who arrived in Caracas this week, helped shepherd the gold contract and met with Venezuelan officials to discuss expanding cooperation in the mining and energy sectors.

Burgum, who also leads Trump’s National Energy Dominance Council, said American companies were already lining up to explore opportunities in Venezuela’s mineral sector.

The deal represents the third major extraction agreement struck under US supervision since Washington moved to assert control over Venezuela’s key industries. Trafigura is also involved in oil contracts tied to the initiative that are reportedly worth more than US$1 billion.

“The oil is beginning to flow, and the professionalism and dedication between both countries is a very nice thing to see!” President Donald Trump wrote on Truth Social, praising Venezuela’s interim president Delcy Rodríguez.

Officials from both governments have said the arrangement could open the door to broader mining investment.

Rodríguez confirmed this week that Venezuela and the US would work together on future mining developments. The government is preparing reforms aimed at attracting foreign investment into the sector, mirroring recent policy changes that opened the country’s oil industry to international companies.

Venezuela holds vast untapped mineral resources alongside the world’s largest proven oil reserves.

In addition to gold, the country is believed to contain diamonds, rare earth elements (REEs), and other critical minerals used in electronics and energy technologies.

Gold has become an increasingly important source of revenue for Venezuela in recent years, particularly as US sanctions limited the country’s oil exports. The central bank reportedly sold nearly six tons of bullion in the second half of last year as the precious metal surged to record highs.

Much of Venezuela’s gold production comes from the Orinoco Mining Arc, a vast resource-rich region established in 2016 to boost mining output and diversify the country’s economy.

However, the sector has long been plagued by illegal mining operations, environmental damage and allegations of corruption involving armed groups.

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

This post appeared first on investingnews.com

Nuvau Minerals Inc. (TSXV: NMC,OTC:NMCPF) (the ‘Company’ or ‘Nuvau’) is pleased to announce that it has closed the second and final tranche of its previously announced brokered private placement pursuant to which the Company issued (i) an aggregate of 7,928,523 common shares of the Company (each, a ‘FT Share’) that qualify as ‘flow-through shares’ within the meaning of the Income Tax Act (Canada) (the ‘Tax Act’), at an issue price of $0.90 per FT Share, for gross proceeds of $7,135,670.70, and (ii) an aggregate of 320,000 units of the Company (each, a ‘Unit’), at a price of $0.80 per Unit, for gross proceeds of $256,000 (together, the ‘Offering’). Together with the closing of the first tranche of the Offering on February 25, 2026, the Company has raised an aggregate of $21,368,670.70 in gross proceeds. Each Unit is comprised of one common share of the Company (each, a ‘Common Share’) and one-half of one transferrable common share purchase warrant of the Company (each whole warrant, a ‘Warrant’), with each Warrant entitling the holder thereof to purchase one Common Share at a price of $1.30 per Common Share until February 25, 2029.

The gross proceeds of the Offering will be used by the Company to incur eligible ‘Canadian exploration expenses’ (as defined in the Tax Act), which will qualify as ‘flow-through mining expenditures’ or as ‘flow-through critical mineral mining expenditures’ (‘FTCMME‘) (each as defined in the Tax Act) (the ‘Qualifying Expenditures‘). At least 30% of the Qualifying Expenditures to be renounced to each subscriber of FT Shares will qualify as FTCMME, with certain subscribers being entitled to the renunciation of a higher percentage of Qualifying Expenditures that qualify as FTCMME. All Qualifying Expenditures will be incurred by the Company on or before December 31, 2027, and will be renounced in favour of the subscribers of the FT Shares with an effective date on or before December 31, 2026.

The Offering was co-led by Clarus Securities Inc. and Integrity Capital Group Inc., as co-lead agents and co-lead bookrunners (together, the ‘Agents‘). In consideration for the Agents’ services, the Company paid the Agents a cash commission equal to 6.0% of the gross proceeds of the Offering (the ‘Cash Fee‘), provided that the Company paid a reduced Cash Fee of 3.0% in respect of the gross proceeds raised from sales to purchasers included on a president’s list formed by the Company in consultation with the Agents (the ‘President’s List Purchasers‘). In addition, the Company agreed to issue to the Agents such number of non-transferable compensation options of the Company (the ‘Compensation Options‘) as is equal to 6.0% of the aggregate number of FT Shares and/or Units sold under the Offering; provided that such number of Compensation Options was reduced to 3.0% of number of FT Shares and/or Units sold to President’s List Purchasers. Each Compensation Option entitles the holder thereof to purchase one Unit at a price of $0.80 per Unit at any time and from time to time until March 6, 2029.

In connection with the Offering, a director of the Company subscribed for an aggregate of 444,444 FT Shares for aggregate gross proceeds of $444,444. Each subscription by an ‘insider’ is considered to be a ‘related party transaction’ for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. Specifically, the Company is exempt from the formal valuation requirement in section 5.4 of MI 61-101 in reliance on section 5.5(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves insiders, is not more than 25% of the Company’s market capitalization. Additionally, the Company is exempt from minority shareholder approval requirement in section 5.6 of MI 61-101 in reliance on section 5.7(1)(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves insiders, is not more than 25% of the Company’s market capitalization. The Company did not file a material change report more than 21 days before the expected closing date of the Offering as the details of the Offering and the participation of insiders therein was not settled until shortly prior to the closing of the Offering, and the Company wished to close the Offering on an expedited basis for sound business reasons.

All securities issued under the Offering are subject to a hold period expiring four months and one day from the date hereof. The Offering remains subject to final acceptance of the TSX Venture Exchange.

The securities offered have not been registered under the U.S. Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news 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 Nuvau

Nuvau is a Canadian mining company, incorporated under the OBCA, currently in the exploration and development phase. Nuvau’s principal asset is the Matagami property, located in Abitibi region of central Québec, Canada. The Matagami property was acquired from Glencore Canada Corporation on March 1, 2026, pursuant to the terms and conditions of a second amended and restated earn-in agreement dated January 28, 2026, among Nuvau, Nuvau Minerals Corp. and Glencore Canada Corporation.

Further Information

All information contained in this news release with respect to the Company was supplied by the respective party for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.

For further information please contact:

Nuvau Minerals Inc.
Peter Van Alphen
President and CEO
Telephone: 416-525-6063
Email: pvanalphen@nuvauminerals.com

Cautionary Statements

This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements‘) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward- looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’, ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning the proposed use of proceeds of the Offering, and the Company’s ability to obtain final exchange approval for the Offering. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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