International Graphite (IG6:AU) has announced Graphite Purification Tolling Services
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International Graphite (IG6:AU) has announced Graphite Purification Tolling Services
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LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’ or ‘Issuer’) is pleased to announce a non-brokered private placement offering of up to 6,000,000 units of the Company (the ‘Units’) at a price of $0.50 per Unit gross proceeds of up to $3,000,000 (the ‘LIFE Offering’). Each Unit will consist of one (1) common share in the capital of the Company (each a ‘Common Share’) and one (1) Common Share purchase warrant (a ‘Warrant’) granting the holder the right to purchase one (1) additional Common Share of the Company (a ‘Warrant Share’) at a price of $0.75 at any time on or before 24 months from the Closing Date (defined below). The Warrants will be subject to an accelerated expiry upon thirty (30) business days’ notice from the Company in the event the closing price of the Common Shares on the Canadian Securities Exchange (the ‘CSE’) is equal to or above a price of $0.90 for fourteen (14) consecutive trading days any time after closing of the Offering.
The gross proceeds from the LIFE Offering will be used for the commissioning and restart of gold production operations at the Company’s wholly-owned Beacon Gold Mine and Mill, as well as work at the Company’s Swanson Gold Project in Quebec and for and general working capital purposes.
The Units will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers resident in Canada, excluding Quebec, and other qualifying jurisdictions.
The securities offered under the LIFE Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the ‘Offering Document‘) related to the LIFE Offering that can be accessed under the Issuer’s profile at www.sedarplus.ca and at the Company’s website at www.lafleurminerals.com. Prospective investors should read this Offering Document before making an investment decision.
Flow-Through (FT) Offering
The Company also intends to offer up to 2,500,000 flow-through units of the Company (the ‘FT Units‘) at a price of $0.60 per FT Unit for gross proceeds of up to $1,500,000 (the ‘FT Offering‘). Each FT Unit will consist of one (1) Common Share to be issued as a ‘flow-through share’ within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec) (each, a ‘FT Share‘) and one (1) Warrant which shall have the same terms as the Warrants included in the Units to be issued in the LIFE Offering.
The gross proceeds from the issuance and sale of the FT Units will be used on the Company’s Swanson Gold Project to incur ‘Canadian Exploration Expenses’ as such term is defined under subsection 66.1(6) of the Income Tax Act (Canada) and will qualify as ‘flow-through mining expenditures’ as defined in subsection 127(9) of the Income Tax Act (Canada) (or would so qualify if the references to ‘before 2026’ in paragraph (a) of the definition of ‘flow-through mining expenditure’ in subsection 127(9) of the Tax Act were read as ‘before 2027’ and the references in paragraphs (c) and (d) of that definition to ‘before April 2025’ were read as ‘before April 2026’). The qualifying expenditures will be incurred on or before December 31, 2026, and will be renounced to the subscribers with an effective date no later than December 31, 2025, in an aggregate amount not less than the gross proceeds raised from the issuance of the FT Shares.
All securities issued in connection with the FT Offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.
The Company has also agreed to pay qualified finders and brokers a cash commission of 7.0% of the aggregate gross proceeds of the LIFE Offering and FT Offering and such number of broker warrants (the ‘Broker Warrants‘) as is equal to 7.0% of the number of Units sold under the LIFE Offering and FT Offering. Each Broker Warrant will entitle the holder to purchase one Common Share at an exercise price equal to the Offering Price for a period of 24 months following the Closing Date.
The closing of the LIFE Offering and FT Offering is expected to occur on or about December 31, 2025 (the ‘Closing Date‘), or such other earlier or later date as the Company may determine.
The Company continues to progress in the closing of its previously announced brokered private placement of gold-linked convertible notes, as announced on November 5, 2025, a financing that aims to raise up to C$7 million to fund the restart of the company’s Beacon Gold Mill in Val d’Or, Quebec.
This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent an exemption from registration under the U.S. Securities Act and applicable U.S. state securities laws. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S Securities Act.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral’s fully refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.
ON BEHALF OF LaFleur Minerals INC.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding ‘Forward-Looking’ Information
This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the closing of the LIFE Offering and the FT Offering, and the anticipated use of proceeds from the LIFE Offering and the FT Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278189
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American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“ARR” or the “Company”) has successfully completed another critical stage in its mineral processing program by producing a mixed rare earths oxide (“MREO”) using the updated preliminary PFS mineral processing flowsheet.
Highlights
MREO from Halleck Creek (“the Project”) was produced using the material – a pregnant leach solution (“PLS”) – from the impurity removal testing campaign3. This was achieved through precipitating a mixed rare earth oxalate and then creating MREO powder (see Figure 1). This major technical milestone confirms that rare earths can be extracted into metallic oxides from Halleck Creek ore using the updated preliminary PFS mineral processing flowsheet currently being finalized for the upcoming PFS. Solvent extraction computer simulation is now underway, using the results of these tests.
SGS in Lakefield, Ontario, Canada created the MREO from the Halleck Creek PLS through a two- step process. The first step consists of precipitating the metals in solution using oxalic acid to create a mixed rare earth oxalate. Oxalic acid is highly selective in precipitating rare earth elements (“REE”) from PLS while other elements stay in solution. SGS performed three precipitation tests using variable oxalic acid addition rates. The second step, called calcining, involved SGS heating the combined mixed rare earth oxalates to 1,000oC to oxidize the material into a MREO. A beneficial effect of calcining is that it oxidizes the cerium, converting it from Ce3+ to Ce4+. Ce4+ is not soluble in the reagent which will be used to dissolve REEs from the MREO for solvent extraction.
Click here for the full ASX Release
US President Donald Trump is reportedly weighing a major shift in federal drug policy that would relax decades-old restrictions on cannabis, potentially injecting new life into the industry.
Six people familiar with the discussions told the Washington Post that Trump is preparing an executive order directing federal agencies to pursue the reclassification of cannabis from a Schedule I substance to Schedule III.
The effort, still under internal review, was the focus of a December 10 phone call between Trump and House Speaker Mike Johnson, several of the sources said. Joining the call were cannabis industry executives, Secretary of Health Robert F. Kennedy Jr. and Mehmet Oz, administrator for the Centers for Medicare & Medicaid Services.
The people spoke on the condition of anonymity because they were not authorized to discuss the meeting publicly.
Johnson reportedly expressed skepticism and laid out several studies and data points opposing rescheduling, but by the end of the call, Trump appeared inclined to proceed. However, the sources emphasized that no final decision has been made and that he could still change course; this was later confirmed by another White House official.
Reclassification would shift cannabis from Schedule I status — reserved for substances deemed to have high potential for abuse and no accepted medical use — to Schedule III, which includes Tylenol with codeine and certain steroids.
The shift would not legalize recreational use under federal law, but would remove some of the most onerous constraints faced by medical researchers and by companies operating legally in dozens of states.
“This would be the biggest reform in federal cannabis policy since marijuana was made a Schedule I drug in the 1970s,” said Shane Pennington, a DC attorney who represents companies involved in rescheduling litigation.
He noted that while Trump cannot unilaterally change the drug schedule, he can instruct the Department of Justice to bypass a pending administrative hearing and finalize the rule.
The political backdrop has shifted sharply in recent years. Cannabis is legal for medical use in most states and for recreational use in 24, and has become a multibillion-dollar industry. Both Democrats and Republicans have expressed interest in rescheduling even as broader legalization remains deeply contested at the federal level.
For cannabis businesses, reclassification would be economically transformative.
Current tax rules prohibit companies that sell Schedule I substances from deducting ordinary business expenses, a barrier that industry representatives have long described as crushing.
“This monumental change will have a massive, positive effect on thousands of state-legal cannabis businesses around the country,” said Brian Vicente, founding partner at Vicente. “Rescheduling releases cannabis businesses from the crippling tax burden they have been shackled with and allows these businesses to grow and prosper.”
Policy advocates say the move would eliminate a central pillar of the federal government’s 50 year prohibition regime, while also highlighting how much work remains.
“This is the beginning of a new era of public health policy,” said Shawn Hauser, also a partner at Vicente.
She called the directive “a long-overdue acknowledgment of marijuana’s medical value and safety,” while warning that rescheduling alone will not resolve broader regulatory inconsistencies or criminal justice disparities.
Trump, who said in August that he was “looking at reclassification,” inherited a stalled proposal originally launched by then-President Joe Biden that recommended moving cannabis to Schedule III.
Rescheduling’s origins trace back to October 2022, when Biden instructed the Department of Health and the Drug Enforcement Administration (DEA) to review whether the current classification for cannabis is scientifically justified.
Health officials concluded in 2023 that it is not, prompting the DEA to propose shifting cannabis to Schedule III in early 2024. The proposed rule has been frozen since March 2025.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
2025 was a watershed year for gold, which set new highs as its safe-haven appeal increased.
As global uncertainty intensified, the metal began to receive mainstream attention as a standout asset.
With the year set to mark one of gold’s strongest annual performances in decades, it’s a fitting moment to look back and revisit our most popular gold news stories of 2025.
Read on to see what caught our audience’s attention over the last 12 months.
Publish date: June 24, 2025
In June, growing distrust in US custodianship of foreign gold reserves and political uncertainty linked to the Trump administration put pressure on Germany and Italy to repatriate their foreign bullion.
At the time, both countries collectively held more than US$245 billion in gold reserves at the Federal Reserve Bank of New York, and local political leaders were raising concerns that the US had become a less neutral custodian.
German taxpayer advocates warned that increasing political influence over the US Federal Reserve could jeopardize access to foreign-owned bullion. Similar concerns surfaced in Italy, where critics argued that continuing to store gold abroad posed a strategic risk during a period of heightened geopolitical tension.
Germany repatriated 674 metric tons of gold from 2013 to 2017, but 37 percent of its reserves remain in New York.
Publish date: September 19, 2025
In September, the world’s largest gold-mining stock exchange-traded fund (ETF) — the US$20.5 billion VanEck Gold Miners ETF (ARCA:GDX) — underwent a major structural overhaul.
VanEck transitioned GDX from the NYSE Arca Gold Miners Index to the MarketVector Global Gold Miners Index, ending a benchmark relationship in place since 2004.
The switch adopted free-float market-cap rules that exclude locked-up or government-held shares, aligning the fund with index standards commonly used in broader equity markets.
Publish date: September 29, 2025
Barrick Mining (TSX:ABX,NYSE:B) went through a major leadership transition this year after CEO Mark Bristow unexpectedly left the company following nearly seven years at the helm.
Bristow, who had led the company since the 2019 merger with Randgold Resources, stepped down amid strategic disagreements with Barrick Chair John Thornton and a year marked by operational challenges, including ongoing legal and political challenges in Mali, where its Loulo-Gounkoto complex is located.
Bristow’s departure also came shortly after Barrick finalized a US$1.09 billion sale of its Hemlo mine in Ontario, formally marking its exit from primary Canadian gold production to concentrate on higher-margin international operations.
Chief Operating Officer Mark Hill assumed interim CEO responsibilities as the board initiated a global search for a successor. Hill previously oversaw Barrick’s Latin America and Asia-Pacific operations, and played a key role in the company’s initial decision to explore the Fourmile gold project in Nevada.
Publish date: January 13, 2025
Barrick’s tensions with Mali’s military government intensified at the start of 2025 after authorities seized gold shipments from the firm’s Loulo-Gounkoto mine, which accounts for roughly 14 percent of its annual production.
At the time, officials claimed Barrick owed more than US$500 million in unpaid taxes and state dividends under a revised mining code implemented in 2023. Detentions and legal threats against local staff heightened the conflict further, and the government reportedly intercepted approximately 3 metric tons of bullion.
The year-long dispute reached a conclusion on November 24, when Barrick confirmed a settlement with the Malian government that restores full control over the Loulo-Gounkoto mine.
Under the terms, the company was to pay 244 billion CFA francs (US$430 million), with 144 billion CFA francs due within six days of signing and an additional 50 billion CFA francs applied through VAT credit offsets.
In exchange, Mali was to drop all charges against Barrick, lift state control of Loulo-Gounkoto, release four detained employees and renew the company’s mining permit for another decade.
The agreement also requires Barrick to comply with Mali’s 2023 mining code — the same legislation that triggered the original confrontation.
Publish date: August 27, 2025
US trade policy sparked gold market turbulence after confusion surrounding import tariffs, including whether Swiss-refined 1 kilogram and 100 ounce bars would be subject to rates near 39 percent. Traders rushed to secure physical imports amid the uncertainty, widening spreads between New York futures and London spot benchmarks.
The volatility eased only after US officials clarified their position.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
China has spent decades building a land-based missile force designed to keep the United States out of a fight over Taiwan — and U.S. officials say it now threatens every major airfield, port and military installation across the Western Pacific.
As Washington races to build its own long-range fires, analysts warn that the land domain has become the most overlooked — and potentially decisive — part of the U.S.–China matchup. Interviews with military experts show a contest defined not by tanks or troop movements, but by missile ranges, base access and whether U.S. forces can survive the opening salvos of a war that may begin long before any aircraft take off.
‘The People’s Liberation Army Rocket Force … has built an increasing number of short-, medium-, and long-range missiles,’ Seth Jones of the Center for Strategic and International Studies told Fox News Digital. ‘They have the capability to shoot those across the first and increasingly the second island chains.’
For years, Chinese officials assumed they could not match the United States in air superiority. The Rocket Force became the workaround: massed, land-based firepower meant to shut down U.S. bases and keep American aircraft and ships outside the fight.
‘They didn’t think that they could gain air superiority in a straight-up air-to-air fight,’ said Eric Heginbotham, a research scientist at the Massachusetts Institute of Technology. ‘So you need another way to get missiles out — and that another way is by building a lot of ground launchers.’
The result is the world’s largest inventory of theater-range missiles, backed by hardened underground facilities, mobile launchers and rapid shoot-and-scoot tactics designed to overwhelm U.S. defenses.
Despite China’s numerical edge, American forces still hold advantages Beijing has not yet matched — particularly in targeting and survivability.
U.S. missiles, from Tomahawks to SM-6s to future hypersonic weapons, are tied into a global surveillance network the People’s Liberation Army cannot yet replicate. American targeting relies on satellites, undersea sensors, stealth drones and joint command tools matured over decades of combat experience.
‘The Chinese have not fought a war since the 1970s,’ Jones said. ‘We see lots of challenges with their ability to conduct joint operations across different services.’
The U.S., by contrast, has built multi-domain task forces in the Pacific to integrate cyber, space, electronic warfare and precision fires — a level of coordination analysts say China has yet to demonstrate.
Jones said China’s defense industry also faces major hurdles.
‘Most of (China’s defense firms) are state-owned enterprises,’ he said. ‘We see massive inefficiency, the quality of the systems … we see a lot of maintenance challenges.’
Still, the United States faces a near-term problem of its own: missile stockpiles.
‘We still right now … would run out (of long-range munitions) after roughly a week or so of conflict over, say, Taiwan,’ Jones said.
Washington is trying to close that gap by rapidly expanding production of ground-launched weapons. New Army systems — Typhon launchers, high mobility artillery rocket system, batteries, precision strike missiles and long-range hypersonic weapons with a range exceeding 2,500 kilometers — are designed to hold Chinese forces at risk from much farther away.
Heginbotham said the shift is finally happening at scale.
‘We’re buying anti-ship missiles like there’s no tomorrow,’ he said.
If current plans hold, U.S. forces will field roughly 15,000 long-range anti-ship missiles by 2035, up from about 2,500 today.
China’s missile-heavy strategy is built to overwhelm U.S. bases early in a conflict. The United States, meanwhile, relies on layered air defenses: Patriot batteries to protect airfields and logistics hubs, terminal high altitude area defense (THAAD) interceptors to engage ballistic missiles at high altitude, and Aegis-equipped destroyers that can intercept missiles far from shore.
Heginbotham warned the U.S. will need to widen that defensive mix.
‘We really need a lot more and greater variety of missile defenses and preferably cheaper missile defenses,’ he said.
One of Washington’s biggest advantages is its ability to conduct long-range strikes from beneath the ocean. U.S. submarines can fire cruise missiles from virtually anywhere in the Western Pacific, without relying on allied basing and without exposing launchers to Chinese fire — a degree of stealth China does not yet possess.
Command integration is another area where Beijing continues to struggle. American units routinely train in multi-domain operations that knit together air, sea, cyber, space and ground-based fires.
Jones and Heginbotham both noted that the People’s Liberation Army has far less experience coordinating forces across services and continues to grapple with doctrinal and organizational problems, including the dual commander–political commissar structure inside its missile brigades.
Alliances may be the most consequential difference. Japan, the Philippines, Australia and South Korea provide depth, intelligence sharing, logistics hubs and potential launch points for U.S. forces.
China has no comparable network of partners, leaving it to operate from a much narrower geographic footprint. In a missile war, accuracy, integration and survivability often matter more than sheer volume — and in those areas the United States still holds meaningful advantages.
At the heart of this competition is geography. Missiles matter less than the places they can be launched from, and China’s ability to project power beyond its coastline remains sharply constrained.
‘They’ve got big power-projection problems right now,’ Jones said. ‘They don’t have a lot of basing as you get outside of the first island chain.’
The United States faces its own version of that challenge. Long-range Army and Marine Corps fires require host-nation permission, turning diplomacy into a form of firepower.
‘It’s absolutely central,’ Heginbotham said. ‘You do need regional basing.’
Recent U.S. agreements with the Philippines, along with expanded cooperation with Japan and Australia, reflect a push to position American launchers close enough to matter without permanently stationing large ground forces there.
A U.S.–China land conflict would not involve armored columns maneuvering for territory. The decisive question is whether missile units on both sides can fire, relocate and fire again before being targeted.
China has invested heavily in survivability, dispersing its brigades across underground bunkers, tunnels and hardened sites. Many can fire and relocate within minutes. Mobile launchers, decoys and deeply buried storage complexes make them difficult to neutralize.
U.S. launchers in the Pacific would face intense Chinese surveillance and long-range missile attacks. After two decades focused on counterterrorism, the Pentagon is now reinvesting in deception, mobility and hardened infrastructure — capabilities critical to surviving the opening stages of a missile war.
Any U.S. intervention in a Taiwan conflict would also force Washington to confront a politically charged question: whether to strike missile bases on the Chinese mainland. Doing so risks escalation; avoiding it carries operational costs.
‘Yes … you can defend Taiwan without striking bases inside China,’ Heginbotham said. ‘But you are giving away a significant advantage.’
Holding back may help prevent the conflict from widening, but it also allows China to keep firing.
‘It’s a reality of conflict in the nuclear age that almost any conflict is gonna be limited in some ways,’ Heginbotham said. ‘Then the question becomes where those boundaries are drawn, can you prevent it from spreading? What trade-offs you’re willing to accept?’
A U.S.–China clash on land would not be fought by massed armies. It would be a missile war shaped by geography, alliances and survivability — a contest where political access and command integration matter as much as raw firepower.
For the United States, the challenge is clear: build enough long-range missiles, secure the basing needed to use them and keep launchers alive under fire. For China, the question is whether its vast missile arsenal and continental depth can offset weaknesses in coordination, command structure and real-world combat experience.
The side that can shoot, relocate and sustain fire the longest will control the land domain — and may shape the outcome of a war in the Pacific.
This is the third installment of a series comparing U.S. and Chinese military capabilities. Feel free to check out earlier stories comparing sea and air capabilities.
Erika Kirk has announced that she is to meet privately with commentator Candace Owens marking the first direct conversation between the two after a period of public discussion and differing perspectives that emerged after her late husband’s death.
Kirk shared the update in a brief statement on X on Sunday, saying both women had agreed to pause all public commentary until after the meeting.
‘Candace Owens and I are meeting for a private, in-person discussion on Monday, December 15,’ Erika said.
‘@RealCandaceO and I have agreed that public discussions, livestreams, and tweets are on hold until after this meeting. I look forward to a productive conversation. Thank you,’ Erika added.
The planned discussion between Erika and the former Turning Point USA employee reflects an effort by the women to address weeks of mounting tensions over conspiracy theories online in a more thoughtful and personal setting.
At a recent CBS town hall Erika expressed the emotional toll of widespread online speculation surrounding her husband’s passing, ‘Stop. That’s it. That’s all I have to say. Stop.’ when asked what she had to say to people making unfounded claims.
‘When you go after my family, my Turning Point USA family, my Charlie Kirk Show family, when you go after the people that I love, and you’re making hundreds and thousands of dollars every single episode going after the people that I love because somehow they’re in on this, no,’ Erika also said on ‘Outnumbered’ Dec. 10.
The relationship between the two women has deteriorated sharply in recent months, despite their earlier history of collaboration and personal friendship.
The recent events have placed them on different sides of a sensitive moment and their decision to meet privately shows signs of a mutual desire to speak directly while reducing misunderstandings and avoiding further speculation.
Kirk, who now leads TPUSA, has been focused publicly on preserving her husband Charlie Kirk’s legacy since his tragic death in September.
After more than eight years of Democrat lawfare against President Trump, his aides and his allies, the Justice Department under Attorney General Pam Bondi is bringing much-needed accountability — which is what American voters demanded in our last presidential election. But Democrat activist judges are doing what they do best: weaponization and sabotage.
In South Carolina, Clinton-appointed Judge Cameron Currie — handpicked by a Biden-appointed judge — wrongly disqualified Eastern District of Virginia U.S. Attorney Lindsey Halligan, the bold and fearless prosecutor who had secured an indictment against former FBI Director James Comey for lying and obstruction of a Senate investigation into his politicization, weaponization, and corruption of the intel agencies and law enforcement to go after political enemies and protect political allies. The government is appealing that decision to the Fourth Circuit Court of Appeals. Now, another Clinton-appointed judge in the District of Columbia, Colleen Kollarr-Kotelly, has interfered even more egregiously with the government’s case. This ruling threatens the separation of powers essential to the Republic, and either the D.C. Circuit or Supreme Court must intervene immediately.
Comey was indicted on two charges: making false statements to Congress and obstruction of Congress. The indictment stemmed from the events surrounding Operation Crossfire Hurricane, more colloquially known as the Russiagate hoax. Comey used his longtime friend, Columbia Law Professor Daniel Richman, as a conduit to leak material unfavorable to President Trump to media outlets. In addition to being a law professor, Richman was a government contractor. He and Comey communicated frequently via email on government and private accounts. Communications on a government email account enjoy no reasonable expectation of privacy — the standard under the Fourth Amendment as a result of Justice Harlan’s concurrence in Katz v. United States (1967) — because the government can monitor its own email servers.
Six years ago, even Obama-appointed Judge James Boasberg, a judicial disgrace about whom we often have written, signed a warrant authorizing the search and seizure of emails on Richman’s computer and iCloud account and his account at Columbia. Richman was able to review all emails and withhold the information he deemed privileged from all but one account. Now, Richman — who was the recipient of many emails from Comey and the sender of many emails to him — has sought to reclaim those emails pursuant to Federal Rule of Criminal Procedure 41(g). This rule allows an individual to ask a court to reclaim his property obtained pursuant to an unlawful search and/or seizure in violation of the Fourth Amendment.
Shockingly, Kollar-Kotelly granted the motion and has ordered the FBI to destroy the emails by 4 p.m. on Monday. Kollar-Kotelly’s ruling ordered the destruction of emails obtained pursuant to a warrant signed by another (Obama) judge six years ago. She claims that the seized information relates to a new investigation; however, she is basing this assertion on a decision by Eastern District of Virginia U.S. Magistrate Judge William Fitzpatrick. Fitzpatrick issued a suppression-like decision even though suppression was not briefed by the parties — yet another example of blatant and unlawful judicial sabotage by partisans in robes.
Collar-Kotelly has ordered that a copy of the emails be given to Biden-appointed Judge Michael Nachmanoff, who is presiding over the Comey case in Virginia. This salvation of a copy of the emails, however, does not lessen the impact of Kollar-Kotelly’s horrible ruling. The FBI and the prosecution will be unable to review them in their efforts to seek a new indictment if Currie’s dismissal ruling survives on appeal. The statute-of-limitations law allows the government only six months after an indictment’s dismissal, suspended during the appellate process, to seek a new indictment. The inability to view this evidence would substantially increase the time necessary to seek an indictment. Even if a higher court reverses Currie, the government’s inability to review the emails to use as evidence and prepare for trial would massively hamper its case.
Kollar-Kotelly’s decision is more disturbing because it implicates the separation of powers. Usually, Rule 41(g) comes into play where a defendant has had property wrongly seized, and he moves to reclaim it. Here, Comey is not seeking to reclaim anything; Richman, a then-government contractor with whom Comey communicated extensively about government business, is seeking this evidence. Richman has run to a partisan Democrat judge not even involved in the criminal case — and not even in the same district — to procure the destruction of crucial evidence in that case in an obvious effort to assist his friend Comey. Comey cannot challenge the warrant against Richman because he lacks standing to do so. Incredibly, Kollar-Kotelly suggested that Richman could move to quash this evidence in Virginia. She’s going way out of her way to help Comey. Judges presiding over cases often have excluded evidence against defendants as having been obtained in violation of the Fourth Amendment. It is, however, extraordinary for a different judge — especially in a different district — to interfere in and dramatically hamper the prosecution’s case based on a claim by a third party of a wrongful search and seizure, especially when the evidence the government wishes to use consists of communications between that third party and the defendant — a defendant who was a senior government official.
The government obtained the evidence it wishes to use against Comey pursuant to a lawful warrant, even one signed by a highly partisan Obama-appointed judge. Now, a Clinton-appointed judge who is not presiding over the case — and is not even in the same district — is blatantly trying to aid Comey by preventing the government from using that evidence either to re-indict Comey or try him if the original indictment is reinstated. This ruling contravenes the normal way in which Rule 41(g) applies. The Clinton judge’s staggering timeline — destruction by tomorrow afternoon — also illustrates her agenda. She should have stayed a ruling of such magnitude to allow the appellate process to play out. Instead, she has put the government in an incredibly precarious position: having to obtain a stay from either the D.C. Circuit or the Supreme Court in just a few hours. Kollar-Kotelly’s order had no legal basis, and a higher court must put a stop to it.
Kollar-Kotelly’s ruling is part of a larger pattern. Leftist judges like Obama-appointed D.C. Judge Tanya Chutkan — who presided over President Trump’s January 6-related case, Boasberg, who signed off on the national disgrace that was Operation Arctic Frost, and many other Democrat judges did nothing to stop and did much to escalate the lawfare waged against President Trump, his aides, and his allies. Now, the Justice Department is seeking legal accountability for lawfare perpetrators like Comey. Currie and Kollar-Kotelly have endeavored to prevent — or, at the very least, drastically decrease the chances of — such legal accountability. Courts do not order the FBI to destroy evidence in pending investigations, except when the evidence is harmful to a lawfare perpetrator like Comey. The inconsistency between the treatment afforded lawfare perpetrators and lawfare targets threatens the very legitimacy of the federal judiciary. If higher courts do not reign in these rogue judges, Congress must do so through oversight, withholding of funds from judicial appropriations, and impeachment. A system where the judiciary enables lawfare and then shields its perpetrators from legal consequences is unsustainable, and higher courts must put a stop to it.
HIGHLIGHTS
– Lieutenant General (Ret.) Mark C. Schwartz appointed as Strategic Advisor to advance U.S. Government Initiatives
– Brings 33+ years of senior U.S. military leadership, including JSOC, SOCOM-Europe and U.S. Security Coordinator roles
– Appointment of new strategic advisor supports Locksley’s pursuit of DPA Title III, DoD, and DOE funding pathways for critical mineral onshoring
– Provides strategic guidance on integrating Locksley’s antimony supply into defence, aerospace, and prime contractor applications
– Enhances Locksley’s standing within U.S. national security circles during a period of heightened focus on reducing Chinese dependency for critical minerals
– Appointment supports Locksley’s positioning of the Desert Antimony Project as an immediate and credible U.S. supply solution
– Appointment of Lieutenant General (Ret.) Mark C. Schwartz reinforces ‘Locksley’s U.S Mine to Market’ strategy, targeting production of ingots, trisulphide, trioxide, and other downstream defence-grade products
Lieutenant General Schwartz served more than 33 years in the U.S. Army, including senior leadership roles as:
– U.S. Security Coordinator for Israel and the Palestinian Authority
– Commander, Special Operations Command – Europe
– Deputy Commanding General, Joint Special Operations Command (JSOC)
– Deputy Commander, Special Operations Joint Task Force Afghanistan
Experience Directly Aligned with U.S. Critical Minerals Priorities:
– Oversaw complex bilateral and multilateral security operations, including U.S. coordination with allied forces across the Middle East and Europe, ensuring integrated strategic planning and operational readiness
– Led major U.S. strategic assistance, force readiness, and interoperability programs, providing experience directly relevant to the United States’ efforts to secure domestic supply chains and strengthen critical minerals resilience His career has centered on advancing U.S. national security interests, joint force readiness, and strategic operations.
Experience Aligned with the Strategic Role:
As Strategic Advisor, Lieutenant General Schwartz will support Locksley’s U.S. government engagement strategy, specifically:
– Advancing Locksley’s DPA Title III and related Department of Defense and Department of Energy funding pathways;
– Supporting Locksley’s positioning within the National Defense Stockpile framework for antimony and other critical minerals;
– Providing strategic guidance on U.S. initiatives to onshore or friend-shore critical mineral supply chains;
– Supporting downstream integration of Locksley’s antimony products into defence, aerospace, and prime-contractor applications, including trisulphide, alloys, and other strategic materials.
His appointment directly complements Locksley’s progress toward establishing the United States’ first modern, integrated Mine-to-Market antimony supply chain.
Lieutenant General (Ret.) Mark C. Schwartz commented:
‘Throughout my career, my purpose has been to lead and protect U.S. national security interests across the globe. Today, one of the most significant strategic vulnerabilities facing the United States is our reliance on foreign often adversarial sources of critical minerals.
Onshoring and friend-shoring materials like antimony is essential for U.S. military readiness, industrial resilience, and protection against coercive threats, including the risk of China cutting off supply.
I look forward to working with Locksley to further articulate the importance of their antimony project, and to accelerate the immediate opportunities it presents for strengthening America’s defence and strategic materials base.’
Kerrie Matthews, Managing Director & CEO, commented:
‘Lieutenant General Schwartz brings unparalleled strategic insight into U.S defense operations and national security frameworks. His experience in operating at the highest levels of U.S. defense and government and allied commence will significantly strengthen Locksley’s engagement across defense, aerospace and strategic materials sector.
His appointment will materially strengthen our engagement across federal departments, funding agencies, and prime defence contractors at a time when the U.S. is prioritising secure domestic supply of critical minerals. This expertise will be invaluable as Locksley advances it integrated Mine to Market strategy.’
Strategic Context:
The appointment comes at a time when the United States is rapidly accelerating efforts to rebuild domestic capability in critical minerals through programs such as DPA Title III, the Industrial Base Expansion program, the National Defense Stockpile Modernization initiative, and emerging federal procurement pathways for strategic materials. These initiatives collectively represent one of the largest U.S Government commitments to critical minerals, one of the largest Lieutenant General Schwartz’s expertise will support Locksley in navigating these programs as the Company advances its ‘U.S Mine to Market’ strategy for antimony.
About Locksley Resources Limited:
Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.
Mojave Project
Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.
In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.
Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.
Tottenham Project
Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation
Source:
Locksley Resources Limited
Contact:
Kerrie Matthews
Chief Executive Officer
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au
News Provided by ABN Newswire via QuoteMedia
2026 is poised to be transformative for uranium as tightening supply converges with robust demand from new reactor builds and life extensions, plus data center construction and a broader shift to clean energy.
Despite these tailwinds, the U3O8 spot price remained muted for most of 2025, locked between US$63 and US$83 per pound; meanwhile, long-term contracting prices spent the majority of the year inching incrementally higher.
For Justin Huhn of Uranium Insider, the long-term contracting price rise paired with a V-shaped recovery exhibited by equities during the second half of the year has set the stage for bullish growth.
“In the background, the long-term U3O8 price, the three year forward, the five year forward price are all moving up. In fact, the long-term price is up from US$80 to US$86 on the year. That’s a very nice move.”
He went on to explain that long-term uranium pricing usually goes through periods of stagnation, followed by strong upward moves. This trend can be seen in how the long-term price has performed over the last five to six years, with stagnation lasting between eight and 15 months before eight to 12 months of higher prices set in.
“As far as we can tell, we’re in month three of a higher move,” said Huhn.
“We think it’s going to breach US$90 and probably push US$100 on this move that will happen next year.”
With uranium still far from its 2016 bottom, he believes the sector “has a huge runway,” adding that small caps remain largely overlooked, but “will have their day” once the commodity itself finally breaks higher.
In 2024, worldwide uranium production met 90 percent of global demand, with the remaining 10 percent likely made up of stockpiled material. At the same time, global nuclear expansion is accelerating quickly, according to the latest World Nuclear Association outlook. From 398 gigawatts electric (GWe) of installed nuclear capacity this past June, the organization’s reference scenario shows capacity nearly doubling to 746 GWe by 2040.
More aggressive growth could push that figure to 966 GWe, while a slower buildout still reaches 552 GWe.
This rapid growth has major implications for uranium demand.
Reactors are expected to consume about 68,900 metric tons (MT) of uranium in 2025. By 2040, requirements will more than double to just over 150,000 MT in the reference case, and could exceed 204,000 MT in the high-growth scenario. Even the low case sees demand topping 107,000 MT, underscoring the sector’s long-term structural pull on supply.
On that note, Lobo Tiggre, CEO of IndependentSpeculator.com, cautioned investors not to lose sight of uranium’s core driver — dependable, round-the-clock electricity.
“The use case is baseload power,” he said. “There’s no substitution, and the world is building like gangbusters.”
He argued that data center construction and electric vehicle (EV) adoption are just an added boost, not the backbone, and that headlines about AI or data center growth may be distracting from the foundation of the uranium thesis.
“If the EV story completely went away, it wouldn’t undo the thesis for uranium,” Tiggre said. “It would remove a tailwind, not the base story.” And despite political noise in the US, he believes the global shift to EVs remains intact.
He sees AI demand as similar: a powerful tailwind that strengthens the case for nuclear, but doesn’t define it.
When asked how meaningful near-term demand from new reactors and extensions could be — and when utilities will need to accelerate contracting — Gerardo Del Real, publisher at Digest Publishing, didn’t hesitate.
“How material? Very material,” he said.
But he cautioned that utilities remain “the slowest actors, always,” even as long-term contract prices have climbed “US$8 to US$10 above spot.” That contract price, he noted, is the real signal to watch. Because fuel makes up such a small share of a utility’s total operating costs, “they can afford to sign at US$120 or even US$130,” he said — levels that are far more consequential for producers and developers than for reactors themselves.
While some utilities have begun stepping in at higher prices, Del Real said the aggressive contracting many expected a year ago still hasn’t materialized. “I don’t think we’ll really see that until 2026,” he said.
Del Real said the uranium market is being driven by a mix of fundamentals and sentiment, and right now, the psychological lift from the tech boom is hard to ignore. While he doubts every AI-era data center plan will be built, the expert argued that even partial follow-through could massively expand power demand. If tech companies deliver “35 to 50 percent of their promises,” Del Real said, the energy needs would be “absolutely spectacular.”
That surge would hit an already-tightening market. He noted that the uranium sector is on track for a major supply deficit by 2026, a shortfall that he now believes is accelerating.
This sentiment was reiterated by Huhn, who explained that while broader narratives like AI and data center growth have been loosely tied to uranium, they don’t fundamentally alter the thesis for rising prices.
“If we see CAPEX pull back and growth slow, could that narrative impact us? Absolutely. But once prices start moving, uranium will carve out its own story,” he said. In his view, the real driver is the de-risking of existing reactors.
‘So instead of data center demand quadrupling by 2030, if it only doubles, we’re still going to see the de-risking of the existing operating reactors of the world, in particular in the countries that have expansion of data centers, which is most of the modern countries, but especially in the US, especially in China.”
Looking ahead, Huhn stressed that while new US reactors could eventually boost fuel demand in the early 2030s, utilities are already securing long-term contracts today.
“So the market for those reactors exists now,” he said. “As we enter 2026, attention will be everywhere.”
Global uranium production is expected to climb over the next decade, but is seen struggling to meet demand.
The Australian government’s latest Resources and Energy Quarterly report projects that world uranium supply will rise from roughly 78 million MT in 2024 to about 97,000 MT by 2030, fueled by output expansions in Kazakhstan, Canada, Morocco and Finland — a roughly 24 percent increase over six years.
Industry experts also forecast a modest compound annual growth rate of 4.1 percent through 2030, with output reaching around 76,800 MT, reflecting expansions at major producers, including Kazakhstan and Canada.
Yet beyond 2030, many existing mines are expected to plateau or decline unless new projects come online, highlighting the critical need for timely investment to meet the fuel demands of the world’s growing nuclear fleet.
Future supply was a concern raised by Huhn, who underscored the challenges inherent in uranium mining.
“Mining is hard,” he said, pointing to Cameco’s (TSX:CCO,NYSE:CCJ) struggles at MacArthur River as it transitions to a new phase of the mine. The company has experienced mill downtime and production setbacks, yet still aims to deliver 15 million pounds of uranium in 2025, down from its typical 18 million. “These are very complicated underground mines with high-grade ore,” Huhn noted, emphasizing the operational complexity.
Huhn also highlighted long-term concerns: “Cigar Lake will be offline in 10 years, MacArthur River in 15. The two biggest projects that the industry relies on are finite. They need replacements if they intend to stay in uranium mining.”
Regarding Kazatomprom, he said the company is adopting a “value over volume” approach, focusing on responsible management of legacy assets while balancing joint ventures with Russia and China.
However, many of its projects are expected to peak over the next five years, with steep decline rates looming in the 2030s. Huhn warned: “Both (major miners) have pipeline problems into the 2030s. Without new development, the market will struggle to balance supply with the surging demand ahead.”
To facilitate this growth, Huhn stressed that uranium prices will need to stay elevated to incentivize the capital expenditures required to meet long-term demand.
“Looking at what the world will need to supply 250 million to 300 million pounds a year in about 10 years, we’re probably going to need prices in the US$125 to US$150 range, and they’ll need to stay there for a while,” he said.
Huhn added that short-term spikes aren’t enough.
“A spike to US$200 and then falling back to US$100 doesn’t do much for the industry,” he explained, noting that commodities cycles tend to overshoot on both ends. “Even in past cycles, prices fell below production costs — like when spot was US$30 a pound, but most low-cost producers were at US$40 to US$50. When the market recovers, the upside is usually much higher than the incentive price.”
Tiggre sees a bursting AI bubble as a possible threat to uranium’s upward price movement.
“There’s going to be a lot of companies that blow up,” he said. “There’s a significant chance that we get a major market event based on the AI bubble popping, and there will be a lot of panic selling of everything related. And unfortunately, that’s going to smack uranium too, because it has become an AI play now.”
Tiggre believes an event like this would be a strong buying opportunity, and while he doesn’t want to see people impacted by bubble burst, he urged investors to be prepared.
“I’ll be gleefully in the market when it puts something on sale, something you know is valuable. When the market offers it at a discount, and nothing else has changed, that’s an absolute gift,’ he said.
‘Opportunities like that don’t come often. Fluctuations happen, but a genuine sale on something you want for all the right reasons — that’s what makes fortunes for those with the courage to act.”
For 2026, Huhn sees utilities as the key driver for uranium prices. “I’m really looking at the utilities more than anything in the physical market, because that dictates everything else,” he explained.
While uranium equities have drawn attention, including meme-stock-like surges, Huhn is focused on the underlying commodity. He also pointed to a standoff, noting that major uranium producers like Cameco are seeking market-reference contracts with high ceilings, signaling confidence in rising prices, while utilities — still adjusting from reactor restarts and long-term power agreements — are testing the waters with small tenders.
“(Producers) want market reference with ceilings at US$130 to US$140, so that should tell all of us where the biggest players in the industry believe the price is going,” said Huhn. “Once we see the big utilities step up and sign these large contracts at the prices producers want, then it’s game on,” he emphasized, predicting a rapid price reset that could potentially push uranium from around US$75 to US$100 over a few months.
Looking down the pipeline, Del Real said he’s keeping a close eye on junior uranium companies, which he believes offer some of the biggest upside in the sector.
“If you know the management teams and can access these deals early, you can do spectacularly well,” he said, citing his firm’s early investment in North Shore Uranium (TSXV:NSU) as an example.
While he acknowledged the high risk involved, Del Real argued that in the current volatile market, well-chosen juniors can rival larger producers in potential returns, particularly when strategic financing and timing align.
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.