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The global lithium market enters 2026 after a punishing 2025 marked by oversupply, weaker-than-expected EV demand and sustained price pressure, although things began turning around for lithium stocks in Q4.

Lithium carbonate prices in North Asia fell to four-year lows early in the year, triggering production cuts and project delays, before rebounding sharply in the second half. By late December, prices had jumped 56 percent from their January levels, signaling the start of a potential market rebalancing.

Analysts point to tightening inventories and high-cost supply under strain as early signs of a recovery, while long-term demand from electrification, energy storage and the energy transition remains intact.

Battery energy storage systems are emerging as a major growth driver, expected to account for roughly a quarter of global battery demand in 2025. In the US, storage could make up 35 to 40 percent of battery demand in the coming years, according to Benchmark Mineral Intelligence’s Iola Hughes.

“LFP is the story right now,” Hughes said, highlighting falling costs and technological innovation as key enablers for large-scale deployment. Global storage remains concentrated in China and the US, but new markets like Saudi Arabia are scaling rapidly.

As storage expands in scale, geography and strategic importance, it is set to become a central pillar of lithium demand heading into 2026.

1. Lithium Argentina (NYSE:LAR)

Year-to-date gain: 106.39 percent
Market cap: US$891.03 million
Share price: US$5.49

Lithium Argentina produces lithium carbonate from its Caucharí-Olaroz brine project in Argentina, developed with Ganfeng Lithium (OTC Pink:GNENF,HKEX:1772). The company was spun out from Lithium Americas in October 2023 and changed its name from Lithium Americas (Argentina) in January 2025.

In mid-April, Lithium Argentina executed a letter of intent with Ganfeng Lithium to jointly advance development across the Pozuelos-Pastos Grandes basins.

In August, Lithium Argentina agreed to form a new joint venture with Ganfeng Lithium that will combine the companies’ projects in the Pozuelos and Pastos Grandes basins of Salta, Argentina.

The joint venture will bring together Ganfeng’s wholly owned Pozuelos-Pastos Grandes (PPG) project and Lithium America’s Pastos Grandes and Sal de la Puna projects, in which Ganfeng currently holds a 15 percent and 35 percent stake respectively.

Once completed, Ganfeng will hold a 67 percent stake in the consolidated PPG project, and Lithium Argentina will hold a 33 percent interest.

In Q4, Lithium Argentina released a positive scoping study for the PPG project, confirming its scale and strong economics. The consolidated project hosts a measured and indicated resource of 15.1 million metric tons of lithium carbonate equivalent (LCE) and is designed for staged production of up to 150,000 metric tons per year over a 30 year mine life.

In the same announcement, the company confirmed receipt of an environmental approval for Stage 1 from the Secretariat of Mining and Energy of the Province of Salta.

Lithium Argentina released its Q3 results in November, noting approximately 8,300 metric tons of lithium carbonate production at its Caucharí-Olaroz operation during the quarter, with 24,000 metric tons produced between January and September.

Company shares rose to a year-to-date high of US$5.58 on December 31, in line with rising lithium carbonate prices.

2. Sociedad Química y Minera (NYSE:SQM)

Year-to-date gain: 87.39 percent
Market cap: US$19.66 billion
Share price: US$68.98

SQM is a major global lithium producer, with operations centered in Chile’s Salar de Atacama. The company extracts lithium from brine and produces lithium carbonate and hydroxide for use in batteries.

SQM is expanding production and holds interests in projects in Australia and China, including a 50/50 joint venture for the Mt Holland lithium operation in Western Australia. In July, the company produced its first battery-grade lithium hydroxide production at its Kwinana refinery in the state.

In late April, Chile’s competition watchdog approved the partnership agreement between SQM and state-owned copper giant Codelco aimed at boosting output at the Atacama salt flat. The deal, first announced in 2024, reached another milestone when it secured approval for an additional lithium quota from Chile’s nuclear energy regulator CChEN.

SQM ended the year finalizing the agreement. The partnership was formalized through SQM’s subsidiary SQM Salar absorbing Codelco’s Minera Tarar and being renamed Nova Andino Litio.

SQM reported a net income of US$404.4 million for the first nine months of 2025, rebounding from a US$524.5 million loss in the same period of 2024. Revenue totaled US$3.25 billion, down 5.9 percent year-over-year, while gross profit reached US$904.1 million.

The company’s third-quarter performance highlighted the turnaround, as SQM achieved record lithium sales volumes. It reported net income of US$178.4 million, up 36 percent from Q3 2024, and revenue of US$1.17 billion, up 8.9 percent. Gross profit for the quarter climbed 23 percent to US$345.8 million.

SQM attributed the rebound to higher realized lithium prices and improved operational efficiency, signaling a strong recovery trajectory for the remainder of 2025.

Shares of SQM reached a year-to-date high of US$71.63 on December 26.

3. Albemarle (NYSE:ALB)

Year-to-date gain: 64.29 percent
Market cap: US$16.71 billion
Share price: US$142.01

North Carolina-based Albemarle is dividing into two primary business units, one of which — the Albemarle Energy Storage unit — is focused wholly on the lithium-ion battery and energy transition markets. It includes the firm’s lithium carbonate, hydroxide and metal production.

Albemarle has a broad portfolio of lithium mines and facilities, with extraction in Chile, Australia and the US. Looking first at Chile, Albemarle produces lithium carbonate at its La Negra lithium conversion plants, which process brine from the Salar de Atacama, the country’s largest salt flat. Albemarle is aiming to implement direct lithium extraction technology at the salt flat to reduce water usage.

Albemarle’s Australian assets Wodgina hard-rock lithium mine in Western Australia, which is owned and operated by the 50/50 MARBL joint venture with Mineral Resources (ASX:MIN,OTC Pink:MALRF). Albemarle wholly owns the on-site Kemerton lithium hydroxide facility. The company’s other Australian joint venture is the Greenbushes hard-rock mine, in which it holds a 49 percent interest.

In late October, Albemarle signed an agreement to sell its 51 percent stake in its refining catalyst business, Ketjen, leaving it with 49 percent ownership, part of a broader portfolio reshaping that also includes the sale of Ketjen’s 50 percent stake in the Eurecat joint venture to partner Axens.

The combined deals are expected to generate approximately US$660 million in pre-tax cash proceeds and strengthen Albemarle’s financial flexibility. Both transactions are anticipated to close in the first half of 2026, subject to regulatory approvals.

In November, Albemarle reported third‑quarter results that reflected improved operations amid continued lithium market headwinds. The company logged net sales of roughly US$1.31 billion, a slight year‑over‑year decline driven by lower energy storage pricing.

Albemarle generated US$356 million in quarterly cash from operations, noting the company remained on track to reduce full‑year capital expenditures to around US$600 million while targeting positive free cash flow of US$300 million to US$400 million in 2025.

Shares of Albemarle marked a year-to-date high of US$150.01 on December 26, amid strengthening lithium prices.

4. Lithium Americas (NYSE:LAC)

Year-to-date gain: 47 percent
Market cap: US$1.24 billion
Share price: US$4.41

US-focused Lithium Americas is developing its flagship Thacker lithium Pass project located in Humboldt County in northern Nevada. The project is a joint venture between Lithium Americas at 62 percent and General Motors (NYSE:GM) at 38 percent.

According to the company, Thacker Pass holds the “largest measured lithium reserve and resource in the world.”

In March, Lithium Americas secured a US$250 million investment from Orion Resource Partners to advance Phase 1 construction of the project, which is expected to fully cover development costs through the construction phase. On April 1, the joint venture partners made a final investment decision for the project, with completion targeted for late 2027.

Shares of Lithium Americas surged in late September, rising from US$3.07 to US$7.37 in three days. Its share price reached a 2025 high of US$10.05 on October 13.

Lithium Americas’ share price rose on news of renegotiation talks over its US$2.26 billion Department of Energy loan tied to the Thacker Pass project. According to media reports, the Trump administration was seeking up to a 10 percent equity stake as part of amendments to the loan’s repayment structure.

In response, Lithium Americas offered no-cost warrants for 5 to 10 percent of its shares and agreed to cover related administrative costs, while requesting changes to the amortization schedule without altering the loan’s term or interest.

An agreement was reached on October 1 and Lithium Americas received the first US$435 million installment of the loan on October 20.

The company ended the year by announcing it was being added to the S&P/TSX Composite Index (INDEXTSI:OSPTX).

5. Sigma Lithium (NASDAQ:SGML)

Year-to-date gain: 20.23 percent
Market cap: US$1.5 billion
Share price: US$13.49

Sigma Lithium is a Brazil-focused lithium producer supplying chemical-grade lithium concentrate to the global battery market. The company operates the Grota do Cirilo project in Minas Gerais, one of the world’s largest hard-rock lithium operations.

Sigma’s Greentech industrial lithium plant currently produces about 270,000 metric tons per year of lithium concentrate, equivalent to roughly 38,000 to 40,000 metric tons of LCE. The company is building a second processing plant that is expected to lift total capacity to approximately 520,000 metric tons of concentrate annually.

In September, Sigma Lithium’s flagship Grota do Cirilo operation in Brazil faced both regulatory scrutiny and operational disruption.

That month, Brazilian prosecutors requested a pause in operations after a technical review flagged shortcomings in the project’s Environmental Impact Assessment, citing potential water-management risks to the Piauí stream from planned open pits, a key water source for nearby communities, particularly during droughts.

While it denied issues with its EIA, Sigma paused mining to upgrade equipment and improve efficiency. The company phased down operations in September and shut the mine throughout October, leading to a sharp drop in output.

In mid-November, Sigma reported a strong Q3 2025, with net revenue rising 69 percent quarter-over-quarter and 36 percent year-over-year. The company generated US$24 million from final price settlements on sales completed by the end of Q3, with a further US$4 million in cash expected from additional settlements.

Sigma also expects to receive approximately US$33 million from the sale of 950,000 metric tons of lithium-bearing material that can be reprocessed by its customers, providing an additional near-term cash inflow.

Operationally, it said mining activities would restart by the end of November, with full ramp-up targeted for the first quarter of 2026. Because the company took over mining operations from its equipment contractor earlier in 2025, the restart is supported by upgraded equipment leased directly from manufacturers and operated in-house.

Sigma Lithium shares rose to a year-to-date high of US$14.50 on December 26.

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

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Yvonne Blaszczyk, president and CEO of BMG Group, sees the gold price hitting US$5,000 per ounce in Q1 on the back of a complex geopolitical landscape.

‘In terms of the geopolitical configuration of the world, we are witnessing history right now,’ she said.

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

This post appeared first on investingnews.com

(TheNewswire)

Vancouver, British Columbia TheNewswire – January 9th, 2025 Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that it has entered into an agreement with Infinitum Copper Corp. (TSXV: INFI) (‘Infinitum’) whereby Prismo will increase its interest in the Hot Breccia copper project, located in the heart of Arizona’s prolific copper belt, from 75% to 95%. In addition, Prismo has obtained an irrevocable option to acquire Infinitum’s remaining 5% interest, providing a clear path to 100% interest in the project.

Alain Lambert, CEO of Prismo commented: ‘The absence of a clear mechanism to secure full ownership at Hot Breccia had previously limited our ability to fund drilling and pursue potential third-party partnerships. The transaction announced today totally removes that constraint and materially improves the strategic flexibility of the project.’

He added: ‘Prismo remains firmly committed to advancing Hot Breccia. The recent extension of certain milestone obligations under the option agreement with Walnut Mines LLC (the ‘Option Agreement‘), the owner of the Hot Breccia claims, together with the deal announced today, provides the Company with additional flexibility as we evaluate a range of strategic alternatives. Each of these pathways is intended to position Prismo to commence drilling on what we consider to be one of the most compelling copper exploration opportunities in Arizona and the broader United States.

Dr. Linus Keating, manager of Walnut Mines LLC, enthusiastically commented: ‘Walnut Mines is solidly in favor of any action that moves Hot Breccia closer to a serious drill program. We are hopeful that this transaction will accomplish that goal in 2026. In our opinion, this property remains one of the best copper exploration opportunities in North America.’

Under the terms of the transaction, Prismo will pay Infinitum CA $185,000 to acquire a 20% additional interest in the Hot Breccia project and assume all of Infinitum’s remaining obligations under the Option Agreement to issue shares to Walnut, which is currently evaluated at approximately CA $54,000 through the issuance of Prismo common shares at a deemed issue price of $0.11 per share, subject to adjustments at closing. Prismo has also agreed to pay 5% of any consideration received in connection with a transaction in which Prismo assigns its interest in Hot Breccia to a third-party. The cash payment will be funded through a third party as an advance to the Company and will not utilize its working capital which is earmarked for the advancement of the Silver King project. Closing of the transaction is expected to take place on or around January 16th.

Prismos Hot Breccia project lies at the heart of the Arizona Copper Belt, which hosts several globally significant porphyry copper deposits.  Examples of these significant deposits are Freeport McMoRan’s Miami-Inspiration mining complex, BHP’s San Manuel mine, Rio Tinto and BHP’s Resolution deposit and others (see Figure 1).  

Figure 1. Location of the Hot Breccia Project in the Arizona Copper Belt.

Historical drilling carried out in the mid to late 1970s by a Rio Tinto subsidiary intersected high-grade copper mineralization at depths ranging from 640 to 830 meters below surface. Several holes targeted an area with a coincident magnetic high, believed to be caused by magnetite skarn that was cut in the drill holes and that occurs in xenoliths in cross cutting dikes exposed at the surface. Prismo believes those intercepts may represent the periphery of the upper portion of a large mineralized system.  

Support for the Companys mineralization model at the project comes from several sources, including the results of historical drilling, geophysical surveys, distribution of dikes with xenoliths of Cu-bearing skarn, the 2023 ZTEM survey as well as the results of an AI study. The anomalous target area identified in Prismos modelling measures 1,100 meters by 1,150 meters.  

Dr. Craig Gibson, Chief Exploration Officer of Prismo stated: The copper exploration target at Hot Breccia has geophysical, geochemical and geological features characteristic of many porphyry copper deposits. The project area has a regional setting similar to BHP-Rio Tinto’s Resolution copper deposit located 40 kilometers to the northwest of Hot Breccia and which is considered to be one of the greatest copper discoveries in the history of North American mining.‘  He added: The drill program is intended to drill through the entire prospective Paleozoic carbonate stratigraphy into the postulated porphyry body/breccia zone. The exploration team will take advantage of geological information provided by each hole during drilling to refine targeting of subsequent holes.

Historical drill holes cut high grade skarn mineralization including 23 meters with 0.54% Cu at 640 meters depth (hole OC-1), 18 m with 1.4% Cu and 4.65% Zn at 830 meters depth (hole OCC-7), and 7.6 m with 1.73% Cu and 0.11% Zn at 703 meters and 4.6 meters with 1.4% Cu and 0.88% Zn at 716 meters (OCC-8).  Mineralization occurs within a several hundred-meter-thick altered zone hosted in favorable Paleozoic carbonate rocks that underly a sequence of Cretaceous andesitic volcanic rocks.  These carbonates are the same rocks that host the high-grade copper mineralization at Freeports nearby Christmas mine.  The historical drilling intersected a blind mineralized intrusion associated with the skarn mineralization, providing an immediate drill target that is believed to be the source of the mineralization at Hot Breccia (Figure 2). Several magnetic highs in the region surrounding the proposed intrusion may also indicated buried skarn mineralization and provide additional exploration targets.


Click Image To View Full Size

 

Figure 2. Schematic cross section at Hot Breccia showing updated interpretation after Barrett (1974).

Notes:

  1. (1)Barrett, Larry Frank (1972): Igneous Intrusions and Associated Mineralization in the Saddle Mountain Mining District Pinal County, Arizona. Unpublished Master’s Thesis, University of Utah. 

  2. (2)Barrett, Larry Frank (1974): Diamond drill hole OC-1, O’Carroll Canyon, Pinal County, Arizona, unpublished internal report, Bear Creek Mining. 

About Hot Breccia

The Hot Breccia property consists of 1,420 hectares in 227 contiguous mining claims located in the world class Arizona Copper Belt between several very well understood world-class copper mines including Morenci, Ray and Resolution (Figure 1). Hot Breccia shows many features in common with these neighboring systems, most prominently a swarm of porphyry dikes and series of breccia pipes containing numerous fragments of well copper-mineralized rocks mixed with fragments of volcanic and sedimentary derived from considerable depth. Prismo performed a ZTEM survey last year that identified a very large conductive anomaly directly beneath the breccia outcrops.  

Sampling at the project has shown the presence of copper mineralization associated with dacite dikes that transported fragments of strongly mineralized carbonate rocks to the surface from depths believed to be 400-1,000 meters. Drilling deep holes is necessary to tap into the source of these mineralized fragments found at surface.

Assay results from historical drill holes are unverified as the core has been destroyed, but information has been gathered from memos, photos and drill logs that contain some, but not all, of the assay results and descriptions.  Technical information from adjacent or nearby properties does not mean nor does it imply that Prismo will obtain similar results from its own properties.

Data on previous drilling and geophysics is historical in nature and has not been verified, is not compliant with NI 43-101 standards and should not be relied upon; the Company is using the information only as a guide to aid in exploration planning.

Qualified Person

Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI 43-01 and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosure in this news release.

About Prismo Metals Inc.

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

Please follow @PrismoMetals on , , , Instagram, and

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

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 ‘forwardlooking 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 anticipated results of drilling at Hot Breccia; the ability of Prismo to fund drilling and pursue potential third-party partnerships; the Company’s strategic flexibility with respect to the Hot Breccia project going forward; the number of shares issuable by Prismo to Walnut pursuant to the transaction described in this news release; and the Company’s expectations regarding mineralization and other qualities of the Hot Breccia project.

These forwardlooking 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: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia; the risk that the Company will not enter into a third-party partnership with respect to the Hot Breccia project; the risk that mineralization will not be as anticipated at the project; the risk that the Company will not be able to take advantage of geological information to refine drill targeting; metal prices; market uncertainty; and other risks and uncertainties application to exploration activities and the Company’s business as set forth in the Company’s disclosure documents available for viewing under the Company’s profile on SEDAR+ at www.sedarplus.ca.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund the drilling campaign at Hot Breccia and the timing of such drilling campaign; the ability of the Company to enter into a third-party partnership on the project; that the project will have the anticipated mineralization and other qualities; and the  Company will be able to take advantage of geological information to refine drill targeting.

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 out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Copyright (c) 2026 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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A House GOP lawmaker is working to find more information after learning one of her constituents was possibly detained by Venezuela’s government.

Rep. Nicole Malliotakis, R-N.Y., told Fox News Digital she was ‘advocating for the State Department to assist’ with a U.S. citizen from her district who is possibly being held by the Latin American government.

‘My biggest issue at the moment is that I have a constituent that is suspected of being unlawfully detained by the Venezuelan government,’ Malliotakis told Fox News Digital.

She said she was appealing to the State Department to use its ‘leverage’ to get the man released.

The New York City-area Republican said he had likely been detained for ‘a couple of weeks,’ before Maduro’s ouster.

Malliotakis said his family suspected him of being unlawfully detained, but it’s not clear if he’s classified as such by the U.S. government.

Her office sent Fox News Digital a longer statement, ‘While we have not been contacted by the family of James Luckey-Lange, we learned about the situation from the media on Friday and immediately contacted the U.S. Department of State.’

‘For months, the State Department has advised American citizens not to travel to Venezuela, determining a very high risk of wrongful detention of U.S. nationals in the country. While we have not yet been able to confirm he has been detained, we are engaged, actively monitoring the situation, and have elevated our concern directly to the White House and the Secretary of State, and the State Department has been in contact with the family,’ Malliotakis’ office said.

‘It is our hope that our constituent will soon safely return to the United States.’

Fox News Digital reached out to the State Department for further information. A State Department spokesperson responded to the inquiry, ‘The United States has no higher priority than the safety and security of U.S. citizens. We are aware of reports of U.S. citizens detained in Venezuela. Due to privacy and safety concerns, we have nothing further at this time.’

Her comments came after a House-wide classified briefing on the government’s Venezuela operation on Wednesday, which was led by top Trump administration officials.

Maduro and his wife, Celia Flores, were extracted after precision strikes in the capital city of Caracas and are currently facing trial on terrorism-related charges at the U.S. Attorney’s Office in the Southern District of New York.

A story published in the Staten Island Advance, a local outlet in Malliotakis’ district, cited the New York Post in naming Luckey-Lange as being potentially detained by Venezuela since arriving there in December.

The outlets reported that it’s not clear if he had a visa to enter Venezuela.

President Donald Trump said last weekend that the U.S. would ‘run’ the country until an adequate transition were to occur. 

Meanwhile, Maduro’s vice president, Delcy Rodríguez, was sworn in as acting president on Tuesday.

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President Donald Trump is again amplifying his push for the U.S. to acquire Greenland, reinvigorating his repeated comments earlier in his political career that the territory nestled between North America and Europe in the Arctic Circle is a strategic asset for the U.S. 

Trump confirmed Saturday that the U.S. military had successfully executed an operation in Venezuela that led to the arrests of the nation’s dictatorial leader, Nicolás Maduro, and his wife. 

The operation was swiftly followed by Trump puttinganyone who would threaten American sovereignty or endanger American lives’ on notice. Cuba, for instance, is likely ‘in a lot of trouble’ for ‘propping up Maduro,’ according to Secretary of State Marco Rubio. 

Amid the warnings, Trump was pressed about plans to potentially acquire Greenland, which he has previously floated while touting its strategic location for national security purposes. 

‘We need Greenland from a national security situation. It’s so strategic. Right now. Greenland is covered with Russian and Chinese ships all over the place,’ Trump said from Air Force One Sunday as he traveled back to Washington from his Mar-a-Lago residence in Florida. 

Trump initially said he did not want to discuss Greenland and wanted to instead focus questions on Venezuela, Russia or Ukraine before teasing that more would follow on Greenland in the coming months. 

‘We’ll worry about Greenland in about two months. Let’s talk about Greenland in 20 days,’ he told the media. 

Trump added that the U.S. needs to acquire ‘Greenland from the standpoint of national security, and Denmark is not going to be able to do it.’ 

He continued that acquiring the territory would benefit both the U.S. and European Union from a security standpoint.

‘The European Union needs us to have it, and they know that,’ the president said before moving on to other questions. 

Greenland was a strategic outpost during the Cold War, sitting astride the shortest routes between North America and the Soviet Union across the Arctic. The U.S. expanded its presence at the airbase, now known as Pituffik Space Base, using it as a key location for early-warning radar and surveillance meant to detect incoming bombers and missiles. 

U.S. interest in Greenland also would likely counter China’s growing Arctic ambitions and deny Beijing a foothold in the region. China published its first Arctic policy white paper in 2018, when it labeled itself a ‘near-Arctic state,’ while promoting a ‘Polar Silk Road’ as part of its broader Belt and Road vision. Trump first publicly mentioned interest in Greenland in 2019. 

The Arctic is the shortest corridor for long-range threats from adversaries such as China or Russia, making Greenland a prime place for early-warning and tracking sensors that protect North America. 

Trump views acquiring Greenland as a national security priority, the White House reiterated Tuesday, and the use of the U.S. military remains an option as his administration weighs how to acquire the territory. 

‘President Trump has made it well known that acquiring Greenland is a national security priority of the United States,’ White House press secretary Karoline Leavitt said in a statement to Fox News. 

‘The President and his team are discussing a range of options to pursue this important foreign policy goal, and, of course, utilizing the U.S. military is always an option at the commander in chief’s disposal.’

The U.S. potentially purchasing or acquiring Greenland has roots in the first Trump administration. The president first floated the purchase of the territory from Denmark in 2019. Greenland, which is the world’s largest island, is an autonomous territory within the Kingdom of Denmark. 

‘It’s just something we’ve talked about,’ Trump said in 2019. ‘Denmark essentially owns it. We’re very good allies with Denmark. We’ve protected Denmark like we protect large portions of the world, so the concept came up.

‘Strategically, it’s interesting. And we’d be interested. We’ll talk to them a little bit,’ the president said. ‘It’s not No. 1 on the burner, I can tell you that.’

Greenland spans roughly 836,000 square miles, though most of the world’s largest island is covered by an ice sheet. It’s home to about 56,000 people, predominantly Inuit and Danes, with the capital and largest town, Nuuk, serving as the country’s political and economic hub. The island is also home to oil, natural gas and mineral resources, which could be used to manufacture batteries and other technologies. 

The amplified focus on the U.S. potentially acquiring Greenland has had a ripple effect in the administration and in Congress, with White House deputy chief of staff for policy Stephen Miller arguing it was not breaking news that Trump has genuine interest in acquiring the territory. 

‘For the United States to secure the Arctic region, to protect and defend NATO and NATO interests, obviously, Greenland should be part of the United States,’ Miller said on CNN. ‘And, so, that‘s a conversation that we‘re going to have as a country. That‘s a process we‘re going to have as a community of nations.’

CNN host Jake Tapper pressed Miller whether he could confirm military force would not be used to seize Greenland, similar to Venezuela. 

‘It wouldn’t be military action against Greenland,’ he said. ‘Greenland has a population of 30,000 people, Jake. The real question is by what right does Denmark assert control over Greenland? What is the basis of their territorial claim? What is their basis of having Greenland as a colony of Denmark?’

The rhetoric has spooked the Danes, who have long balked at Trump’s interest in buying Greenland, reiterating that the island is not for sale. 

‘It makes absolutely no sense to talk about the U.S. needing to take over Greenland. The U.S. has no right to annex any of the three countries in the Danish Kingdom,’ Danish Prime Minister Mette Frederiksen said Sunday.

‘I would therefore strongly urge the U.S. stop the threats against a historically close ally and against another country and another people, who have very clearly said that they are not for sale.’

Top European leaders have also resisted Trump’s calls for the U.S. to acquire the territory, instead reflecting that NATO allies work together to ensure the Artic is secure.  

Artic security must be ‘achieved collectively, in conjunction with NATO allies, including the United States, by upholding the principles of the U.N. Charter, including sovereignty, territorial integrity and the inviolability of borders. These are universal principles, and we will not stop defending them,’ the top leaders from the U.K., France, Germany, Italy, Poland, Spain and Denmark said in a joint statement. 

‘Greenland belongs to its people. It is for Denmark and Greenland, and them only, to decide on matters concerning Denmark and Greenland.’

South Carolina Republican Sen. Lindsey Graham told Fox News Tuesday, ‘I’m not saying we’re gonna go take over Greenland. I’m saying we gonna build up our military presence, and we need to create a new relationship between the United States and Greenland to make sure our investment is secure.

‘If you want a bigger presence in Greenland militarily, which everybody seems to do, and you want it to be American, which I do, then you need to look at the relationship between us and Greenland before we spend a bunch of money and put our troops on the ground.’

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President Donald Trump affirmed on Wednesday that the U.S. would ‘always be there for NATO,’ while accusing the alliance of not sharing the same commitment to aiding the U.S.

‘We will always be there for NATO, even if they won’t be there for us,’ the president wrote in a lengthy Truth Social post.

White House press secretary Karoline Leavitt underscored Trump’s statement of commitment to NATO during a briefing on Wednesday. When pressed further about the issue, she underscored the increase in NATO allies’ spending that occurred as a result of Trump’s push.

The president claimed responsibility for strengthening NATO, saying that his work has served as the main deterrence for China and Russia.

‘Without my involvement, Russia would have all of Ukraine right now. Remember, also, I single-handedly ended 8 wars, and Norway, a NATO member, foolishly chose not to give me the Noble Peace Prize. But that doesn’t matter! What does matter is that I saved millions of lives. Russia and China have zero fear of NATO without the United States, and I doubt NATO would be there for us if we really needed them. Everyone is lucky that I rebuilt our military in my first term, and continue to do so,’ Trump said.

The president’s remarks come as his administration works to bring an end to the Russia-Ukraine war. Additionally, Trump has faced some pushback from NATO allies in recent days over his renewed calls for the U.S. to take over Greenland, something he has said is a matter of national security. It is unclear which issue was on his mind when he made the post.

The negotiations aimed at ending the Russia-Ukraine war remain active but have yet to reach the end stage of the deal-making process. On Tuesday, the U.K. and France signed a declaration pledging troops for Ukraine under a future peace deal and with security guarantees supported by the U.S. and allied partners.

The declaration was adopted in Paris by the Coalition of the Willing and sets out what leaders said was a framework for lasting peace between Ukraine and Russia set in international law and the principles of the United Nations Charter.

A key U.S. role is outlined in plans for a continuous, U.S.-led ceasefire monitoring and verification mechanism, with contributions from partners. The U.S. would participate in a special commission to manage ceasefire breaches, attribute responsibility and determine solutions.

Meanwhile, NATO allies have expressed concern as Trump appeared to renew his push for the U.S. to take Greenland. The president told reporters on Air Force One that the U.S. needed the self-governing Danish territory for ‘national security’ reasons.

‘We need Greenland from the standpoint of national security, and Denmark is not going to be able to do it,’ Trump said.

Danish Prime Minister Mette Frederiksen on Monday warned that Trump’s threats to annex Greenland could mean the end of NATO. Frederiksen told Danish broadcaster TV2 in an interview that Trump’s threats about Greenland should be taken seriously. Since then, several world leaders, including those hailing from NATO-allied countries, have expressed concern about Trump’s remarks on Greenland.

While there are no clear plans in the works for annexing Greenland, White House deputy chief of staff Stephen Miller insisted in a recent interview that ‘nobody’ would fight the U.S. over control of the island, Axios reported.

Fox News Digital’s Emma Bussey and Ashley Carnahan contributed to this report.

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Congressional Republicans aren’t warming up to using military action to take a long-sought prize of President Donald Trump: Greenland.

The colossal, resource-rich arctic island reentered the Trump administration’s orbit following the successful capture of former Venezuelan President Nicolás Maduro. 

Top officials, like White House deputy chief of staff of policy Stephen Miller, reiterated earlier this week it was the position of the U.S. government that ‘Greenland should be part of the United States.’ 

While the GOP has largely championed the Trump administration’s recent military action in Venezuela, lawmakers aren’t keen on replicating the same tactics to capture the Danish territory. 

President Donald Trump has not made a push for military action there, but White House press secretary Karoline Leavitt did not rule it out during a news briefing Tuesday.

‘All options are always on the table for President Trump as he examines what’s in the best interests of the United States,’ Leavitt said. ‘But I will just say that the president’s first option always has been diplomacy.’ 

Wednesday saw several Trump administration officials provide closed-door, classified briefings on both sides of the Capitol on the strikes, next steps and a possible exit strategy in Venezuela. 

Several Republicans would not say afterward whether the topic of Greenland came up in the meeting, and many reiterated that any military action would be taboo, given that the island is a territory of Denmark, a North Atlantic Treaty Organization (NATO) ally.

‘To invade Greenland and attack its sovereignty, a fellow NATO country, would be weapons-grade stupid,’ Sen. John Kennedy, R-La., told Fox News Digital. ‘President Trump is not weapons-grade stupid, nor is Marco Rubio.’

Miller’s comments triggered rebuttals from several of America’s European allies, who in a joint statement on Tuesday contended that Greenland ‘belongs to its people.’ 

Sen. Roger Marshall, R-Kan., wouldn’t say whether Greenland, broadly or as a next likely target, was discussed in the classified briefing.

But he told Fox News Digital that the massive island, which could fit California, Montana and Texas combined, had been on his mind. 

‘I think that Greenland would be a huge asset to America,’ Marshall said. 

‘I don’t want any military operation in Greenland,’ he continued. ‘There’s no criminals there that I know of. I think it’s apples and oranges. It could be very critical to our national security. Going forward, I hope that we can work out a deal with Denmark.’

Despite the overseas saber-rattling, Secretary of State Marco Rubio said after the briefing he would be meeting with officials from Denmark next week, and he noted that it has ‘always been the president’s intent from the very beginning’ to buy the ice-encased island. 

‘He said it very early on,’ Rubio said. ‘I mean, this is not new. He talked about it in his first term, and he’s not the first U.S. president that has examined or looked at how could we acquire Greenland. There’s an interest there.’

Sen. Rand Paul, R-Ky., is one of the few Republicans who has pushed back against the administration’s most recent strikes in Venezuela and previous strikes in the Caribbean against alleged drug boats. But he didn’t appear opposed to the notion of purchasing Greenland.

‘To acquire Greenland, the best way would be not to insult them,’ Paul said. ‘If I want to buy your country, I would think I would start out with flattery and not denigration.

‘I think Greenland would have to be encouraged to further their independence movement,’ he continued. ‘Then they would have to be encouraged that being part of the U.S. would have advantages. I think they would have to vote, basically, to become part of the United States.’

In the House of Representatives, a number of Republicans who spoke with Fox News Digital similarly said they recognized the security significance of Greenland but were hesitant when asked about the possibility of military force.

‘I understand the strategic importance,’ Rep. Kevin Kiley, R-Calif., told Fox News Digital. ‘I think (military force) is not an option in this case scenario.

‘The secretary of state has made it clear that the goal is to work with our ally toward a mutually agreeable solution.’

Rep. Derek Schmidt, R-Kan., said, ‘I don’t think we should use military force,’ adding ‘discussion’ about acquiring the territory ‘never hurts.’

‘Greenland is very important strategically,’ Schmidt said. ‘That’s not a uniquely American position, that’s a NATO position. Everybody recognizes that … but I think we need to work with our allies.’

Meanwhile, Rep. Don Bacon, R-Neb., was more critical of the prospect of U.S. ownership.

‘This is really dumb. Greenland and Denmark are our allies. There is no upside to demeaning our friends. But, it is causing wounds that will take time to heal,’ he wrote on X this week.

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Venezuelan crude oil is being shipped to the U.S. at speed and in bulk following the arrest of former President Nicolás Maduro, according to a maritime intelligence analyst.

As many as ’15 very large crude carrier shipments’ carrying 50 million barrels will end up en route, said Michelle Wiese Bockmann, senior maritime intelligence analyst at Windward, which has tracked oil tanker movements around the troubled region for months.

‘The moves overnight that were announced to sell about 30 to 50 million barrels of oil,’ Wiese Bockmann said at a press conference.

‘That’s equivalent to about 15 very large crude carrier shipments,’ the analyst added.

The rapid surge in shipments comes days after President Donald Trump announced that Venezuela would move between 30 million and 50 million barrels of sanctioned oil to the U.S., worth roughly $2.8 billion at current prices.

Trump said Tuesday the oil would be sold at market value and that he would control the proceeds to ensure they are ‘used to benefit the people of Venezuela and the United States!’

Windward maritime intelligence data indicates massive oil flows are already materializing, according to Wiese Bockmann.

‘And just for comparison, over December, using our commodities tracking partners, Vortex, about 47 million barrels of crude and containers were shipped from Venezuela,’ she noted.

‘They’re going to be taken by storage ships to the U.S.,’ Wiese Bockmann added.

According to the analyst, U.S. infrastructure is well-prepared to handle the influx.

‘U.S. refineries have been configured for Venezuela’s heavy crude,’ she said, adding that ‘we’re already very quickly seeing some action there.’

Windward tracking data shows increasing tanker activity tied to Western operators, with four Western-linked tankers being tracked sailing for Venezuela, she said, as well as reports of tankers already chartered.

The developments follow dramatic geopolitical events earlier this month, when U.S. forces captured Maduro and his wife and transported them to New York City to face criminal drug charges.

Trump later said the U.S. would temporarily run Caracas until a safe transition could occur, warning he was ‘ready to stage a second and much larger attack’ if necessary.

‘There are reports of more tankers chartered,’ the analyst said.

‘Two arrived at Jose Terminal on the fifth and sixth of January, and two have sailed so far for the U.S. on Jan. 2 and Jan. 6.’ she claimed. 

According to reports, Venezuela is said to hold more than 300 billion barrels of proven reserves, which is more than Saudi Arabia, Iran or Kuwait, but sanctions and isolation have impacted production and exports.

As previously reported by Fox News Digital, Energy Secretary Chris Wright has been tasked with executing Trump’s plan ‘immediately,’ as major U.S. energy companies such as Chevron, ConocoPhillips and ExxonMobil prepare for White House meeting Friday to revive Venezuela’s oil industry.

But Wiese Bockmann said the arrest of Maduro had disrupted the so-called dark fleet trade that had been taking Venezuelan crude to Asia.

‘We’ve had this phenomenon of the dark fleet exploding since Russia invaded Ukraine,’ she added.

‘And we’ve had this axis of Venezuela, Iran, Russia, China basically trading oil between them.

‘If it’s condensate from Iran to Venezuela or if it’s crude back from Venezuela to China, which is about 600,000 barrels a day on average,’ she added.

‘These days, Asia-bound exports remain poor and are paralyzed, but we have seen a very quick resumption of crude flows to the U.S. after the seizure of Maduro.’

Fox News Digital has reached out to the White House for comment.

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The seizure of a Russian-linked oil tanker in the North Atlantic has highlighted ‘worry’ among NATO and Nordic-Baltic governments over dark fleet vessels and the type of crews onboard, according to a maritime intelligence analyst.

U.S. military and Coast Guard personnel boarded the Marinera between Iceland and the U.K. Wednesday as it operated under deceptive shipping practices, including flying a false flag and violating sanctions.

According to Reuters, Russian authorities demanded the humane treatment and repatriation of the crew members.

Windward maritime intelligence analyst Michelle Wiese Bockmann claimed the Marinera’s ownership had just been transferred to Burevestmarin LLC, a Russian company.

‘We do not know the status of these sailors and seafarers, who are Russian nationals,’ Wiese Bockmann told Fox News Digital. ‘That lack of clarity is common with dark fleet tankers.

‘The Marinera did have its ownership transferred to a newly formed Russian company, with the registered owner, ship manager and commercial manager being Burevestmarin LLC.’

She also suggested NATO and the Nordic-Baltic 8+ group of governments have been ‘worried’ about sanctioned oil tankers with unauthorized personnel onboard, including ‘armed guards.’

‘Increasingly, and I know the Nordic Baltic 8+ governments are worried about the fact that you are having unauthorized people also on board, also known as armed guards,’ Wiese Bockmann said. ‘But it is highly irregular.

‘Armed guards are rarely seen and typically used on ships that are transiting the Gulf of Aden or the Red Sea and are therefore assessed as at risk from attack by Houthis or pirates,’ she added.

After the seizure, White House press secretary Karoline Leavitt rejected Russian demands for special treatment of the Marinera’s crew during her regular briefing Wednesday.

‘This was a Venezuelan shadow fleet vessel that had transported sanctioned oil,’ Leavitt said.

‘The vessel was deemed stateless after flying a false flag, and it had a judicial seizure order. And that’s why the crew will be subject to prosecution.’

Russia’s Foreign Ministry said it was ‘closely following’ the situation, according to the state-run TASS news agency.

Wiese Bockmann noted that dark fleet crews are often multinational, typically involving a Russian master with Chinese, Indian or Filipino crew members.

‘There is a blurring of commercial and military shipping around the dark fleet,’ she said. ‘What we’re seeing now is something that has really only emerged in the last six or seven months.’

European authorities have also begun holding crews accountable, particularly when captains are ‘facilitating dangerous deceptive shipping practices, such as spoofing and going dark,’ she explained.

‘The EU recently sanctioned the captain of a tanker who refused orders from the Estonian navy (Jaguar) to be stopped for inspection last May. And the French charged a captain over his refusal to comply with orders and failure to justify a flag’s nationality after authorities intercepted a dark fleet tanker in the Atlantic last October,’ Wiese Bockmann added.

As previously reported by Fox News Digital, a second vessel, the M. Sophia, was also boarded in international waters near the Caribbean while en route to Venezuela.

Fox News Digital has reached out to the White House for comment.

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Sen. Ted Cruz, R-Texas, on Wednesday called on Congress during a Senate hearing to impeach two federal judges, making his most elaborate case yet for imposing the extraordinary sanction on a pair of closely scrutinized jurists.

Cruz acknowledged that impeaching federal judges is exceedingly rare — 15 have been impeached in history, typically for straightforward crimes like bribery — but the Texas Republican argued it was warranted for judges James Boasberg and Deborah Boardman.

‘Rarer still, until now, were the deeper offenses the framers feared most — judges who, without necessarily breaking a criminal statute, violate the public trust, subvert the constitutional order or wield their office in ways that injure society itself,’ Cruz said. ‘That is why, throughout history, Congress recognized that impeachable misconduct need not be criminal.’

Cruz, a Senate Judiciary Committee member with an extensive legal background, said the House needed to initiate impeachment proceedings over controversial gag orders Boasberg signed in 2023 and a sentence Boardman handed down last year in the case of Justice Brett Kavanaugh’s attempted assassin.

Impeachment proceedings must be initiated in the House and typically run through the House Judiciary Committee.

Russell Dye, a spokesman for the GOP-led committee, said ‘everything is on the table’ when asked if Chairman Jim Jordan, R-Ohio, was open to the idea. If the House were to vote in favor of impeachment, it would then advance to the Senate. Two-thirds of senators would need to vote to convict the judges and remove them, a highly improbable scenario because the vote would require some support from Democrats.

Cruz’s counterpart at the hearing, Sen. Sheldon Whitehouse, D-R.I., defended the judges and accused Republicans of threatening impeachment as an effort to intimidate the judiciary because it routinely issues adverse rulings against the Trump administration.

‘There was a time when I’d have hoped a Senate Judiciary subcommittee would not be roped into a scheme to amplify pressure and threats against a sitting federal judge,’ Whitehouse said. ‘But here we are.’

In the case of Boardman, a Biden appointee, the judge sentenced Sophie Roske, who previously went by Nicholas Roske, to eight years in prison after the Department of Justice sought a 30-year sentence. Roske pleaded guilty to attempting to murder Kavanaugh. Boardman said she factored into her sentence that Roske identified as transgender and therefore faced unique adversity.

Cruz argued Democrats’ concerns about threats that judges have faced for ruling against President Donald Trump fell on deaf ears, in his view, because they did not speak out about Boardman’s leniency toward Roske.

‘My Democrat colleagues on this committee do not get to give great speeches about how opposed they are to violence against the judiciary, and, at the same time, cheer on a judge saying, ‘Well, if you attempt to murder a Supreme Court justice, and you happen to be transgender, not a problem. We’re going to deviate downward by more than two decades,” Cruz said.

In the case of Boasberg, former special counsel Jack Smith subpoenaed several Republican Congress members’ phone records while conducting an investigation into the 2020 election and Trump’s role in the Jan. 6 Capitol riot. Smith sought gag orders so that the senators would not immediately be notified about the subpoenas, and Boasberg authorized those orders.

Prosecutors seeking gag orders is not unusual, but senators have layers of protection from prosecution under the Constitution. The targeted Republicans have decried the subpoenas, saying their rights were violated.

Smith and an official representing the federal courts have both said that Boasberg was not notified that the subpoenas and gag orders were related to members of Congress.

Rob Luther, a law professor at George Mason University, was a witness for Republicans at the hearing and said Boasberg still should not have signed the gag orders without knowing who they applied to. Luther cited stipulations included in the orders.

‘One must ask on what basis Judge Boasberg found that the disclosure of subpoenas would result in destruction of or tampering with evidence, intimidation of potential witnesses, and cause serious jeopardy to the investigation, end quote,’ Luther said. ‘Did Judge Boasberg merely rubber stamp the requested gag order, or was he willfully blind?’

Smith’s actions also aligned with a DOJ policy at the time that did not require the special counsel to alert the court that the subpoenas targeted senators, a point raised by Sen. John Kennedy, R-La., during the hearing. Luther said the policy did not matter.

‘DOJ policy does not supplant federal law,’ he said.

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