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President Donald Trump on Friday said he was ordering every federal government agency to stop using Athropic AI immediately.

‘THE UNITED STATES OF AMERICA WILL NEVER ALLOW A RADICAL LEFT, WOKE COMPANY TO DICTATE HOW OUR GREAT MILITARY FIGHTS AND WINS WARS! That decision belongs to YOUR COMMANDER-IN-CHIEF, and the tremendous leaders I appoint to run our Military,’ Trump began in a lengthy Truth Social post Friday afternoon.

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

The president said he would immediately direct every federal agency to stop using Anthropic technology.

‘We don’t need it, we don’t want it, and will not do business with them again!’ he continued.

There will be a six-month phase out period for agencies such as the Department of War, he added.

‘Anthropic better get their act together, and be helpful during this phase out period, or I will use the Full Power of the Presidency to make them comply, with major civil and criminal consequences to follow,’ he wrote.

He continued, ‘WE will decide the fate of our Country — NOT some out-of-control, Radical Left AI company run by people who have no idea what the real World is all about.’

Earlier this week, Anthropic CEO Dario Amodei refused demands from the Department of War to use its artificial intelligence for ‘all lawful purposes,’ but Amodei said no, concerned over the possibility it could be used for ‘mass domestic surveillance’ or ‘fully autonomous weapons.’

‘The Department of War has stated they will only contract with AI companies who accede to ‘any lawful use’ and remove safeguards in the cases mentioned above. They have threatened to remove us from their systems if we maintain these safeguards; they have also threatened to designate us a ‘supply chain risk’ — a label reserved for US adversaries, never before applied to an American company — and to invoke the Defense Production Act to force the safeguards’ removal,’ Amodei said in a Thursday statement.

He declared that the ‘threats do not change our position: we cannot in good conscience accede to their request.’

Assistant to the Secretary of War for Public Affairs Sean Parnell declared in a post on X that the department does not want to engage in either of those activities but is asking to use Anthropic’s AI for all legal purposes.

‘The Department of War has no interest in using AI to conduct mass surveillance of Americans (which is illegal) nor do we want to use AI to develop autonomous weapons that operate without human involvement,’ Parnell said in the post. ‘Here’s what we’re asking: Allow the Pentagon to use Anthropic’s model for all lawful purposes.’

‘This is a simple, common-sense request that will prevent Anthropic from jeopardizing critical military operations and potentially putting our warfighters at risk. We will not let ANY company dictate the terms regarding how we make operational decisions. They have until 5:01 PM ET on Friday to decide. Otherwise, we will terminate our partnership with Anthropic and deem them a supply chain risk for DOW,’ he noted.

Under Secretary of War for Research and Engineering Emil Michael accused Anthropic and Amodei of lying.

In a post on X, Michael called Amodei ‘a liar’ who ‘has a God-complex.’ 

‘He wants nothing more than to try to personally control the US Military and is ok putting our nation’s safety at risk. The @DeptofWar will ALWAYS adhere to the law but not bend to whims of any one for-profit tech company,’ he asserted.

In another post he asserted, ‘Anthropic is lying. The @DeptofWar doesn’t do mass surveillance as that is already illegal. What we are talking about is allowing our warfighters to use AI without having to call @DarioAmodei for permission to shoot down an enemy drone swarms that would kill Americans.’

‘It is the Department’s prerogative to select contractors most aligned with their vision. But given the substantial value that Anthropic’s technology provides to our armed forces, we hope they reconsider,’ Amodei said in a statement sent on Thursday to Fox News Digital. ‘Our strong preference is to continue to serve the Department and our warfighters — with our two requested safeguards in place. Should the Department choose to offboard Anthropic, we will work to enable a smooth transition to another provider, avoiding any disruption to ongoing military planning, operations, or other critical missions. Our models will be available on the expansive terms we have proposed for as long as required.’

‘We remain ready to continue our work to support the national security of the United States,’ he added.

On Friday, after Trump’s announcement, Hegseth claimed Anthropic ‘delivered a master class in arrogance and betrayal as well as a textbook case of how not to do business with the United States Government or the Pentagon.’

He added in a lengthy X post: ‘Our position has never wavered and will never waver: the Department of War must have full, unrestricted access to Anthropic’s models for every LAWFUL purpose in defense of the Republic.’

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

The General Services Administration also announced on Friday it was removing Anthropic from USAi.gov and their Multiple Award Schedule (MAS). 

‘GSA stands with the President in rejecting attempts to politicize work dedicated to America’s national security,’ GSA Administrator Edward C. Forst said in a statement. ‘Building resilient, secure, and scalable AI solutions demands alignment, trust, and a willingness to make hard calls. We’re committed to delivering results for Americans, and working with our AI industry partners who fit the bill.’

Anthropic did not immediately respond to Fox News Digital’s request for comment. 

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

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At least two more allies of President Donald Trump have said the Biden-era FBI secretly sought their records, in addition to the records of FBI Director Kash Patel and White House Chief of Staff Susie Wiles.

Republican operative Corey Lewandowski, who currently serves as a Department of Homeland Security aide, said Thursday he received the same type of notice that White House Deputy Chief of Staff Dan Scavino disclosed last year regarding records seizures. Both men said they were notified in 2024 that Google had complied with FBI legal demands for information tied to their accounts, underscoring how broadly the bureau’s investigation into Trump extended and fueling Republicans’ claims that President Joe Biden ‘weaponized’ law enforcement to target his political opponents.

‘Funny – I received the same notice,’ Lewandowski wrote on X. ‘Where is the media outcry. Right, they don’t care when it happens to Trump people.’

Lewandowski and Scavino both said the notices they received indicated that Google had been under a court-authorized gag order and could not notify them sooner about the demands for their records. Prosecutors commonly obtain such gag orders as part of their investigations.

Patel, meanwhile, confirmed the existence of the subpoenas for his and Wiles’ phone records in a statement to Fox News this week and said the subpoenas were difficult to access because the files for them had added layers of protection.

‘It is outrageous and deeply alarming that the previous FBI leadership secretly subpoenaed my own phone records — along with those of now White House Chief of Staff Susie Wiles — using flimsy pretexts and burying the entire process in prohibited case files designed to evade all oversight,’ Patel said.

Fox News was told that the subpoenas sought Patel’s and Wiles’ toll records, which include dates and times and phone numbers related to messages and calls but do not include the contents of them. The subpoenas themselves have not been made public, so the details about what they sought remain unconfirmed.

Two FBI officials told Fox News that in 2023, agents also recorded a phone call between Wiles and her lawyer. The officials said the lawyer was aware the call was being recorded and consented, but Wiles was not.

The claim about the lawyer has however been disputed. An unnamed lawyer representing Wiles at the time of the phone call in question denied to Axios that he knew of the FBI recording a phone call between him and his client.

‘If I ever pulled a stunt like that I wouldn’t — and shouldn’t — have a license to practice law. I’m as shocked as Susie,’ the lawyer told the outlet.

While it is unclear exactly what the FBI was investigating, the timing and targets signal the subpoenas could be related to the bureau’s probe into President Donald Trump’s handling of classified documents. Patel and Wiles, both private citizens during the Biden administration, were known witnesses in the classified documents case, in which special counsel Jack Smith alleged Trump violated the Espionage Act by hoarding national security-related documents at his Mar-a-Lago residence.

It has previously been widely reported that Patel was summoned to give grand jury testimony in exchange for immunity in 2022 as part of the same probe.

The FBI investigated Trump over both his alleged retention of classified documents and his alleged attempts to subvert the 2020 election. Documents released by Congress show that the FBI — and later Smith, after he became special counsel — issued hundreds of subpoenas targeting Republican entities and figures, including the phone records of several GOP lawmakers. Republican targets have characterized Smith’s actions as an egregious abuse of power and hyper-politicized, while Smith has repeatedly defended his work as by-the-book and apolitical.

In line with his claims of a weaponized FBI, Patel fired at least 10 bureau employees around the same time he revealed the subpoenas. The move drew condemnation from the FBI Agents Association, which represents thousands of employees and has maintained that agents’ actions are typically the result of following orders within the chain of command.

‘The FBIAA condemns today’s unlawful termination of FBI Special Agents, which—like other firings by Director Patel—violates the due process rights of those who risk their lives to protect our country,’ the FBIAA said. ‘These actions weaken the Bureau by stripping away critical expertise and destabilizing the workforce, undermining trust in leadership and jeopardizing the Bureau’s ability to meet its recruitment goals—ultimately putting the nation at greater risk.’

Former U.S. Attorney John Fishwick of Virginia told Fox News the firings could keep Patel ‘in good stead with President Trump,’ saying Patel did not ‘look like a prototypical G-man’ during his viral and widely reported on celebration at the Olympics in the Team USA men’s ice hockey team’s locker room.

The White House referred Fox News to the FBI when asked for comment. The FBI gave no additional comment. A representative for Smith had no comment.

Fox News’ David Spunt contributed to this report.

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The United Nations Human Rights Council (UNHRC) abruptly cut off a video statement after the speaker began criticizing several United Nations officials, including one who has been sanctioned by the Trump administration. The video message was being played during a U.N. session in Geneva, Switzerland, Friday morning.

Anne Bayefsky, director of the Touro Institute on Human Rights and the and president of Human Rights, called out several U.N. officials in her message, including U.N. High Commissioner for Human Rights Volker Türk and special rapporteur Francesca Albanese, who is the subject of U.S. sanctions.

Secretary of State Marco Rubio announced sanctions against Albanese July 9, 2025, saying that she ‘has spewed unabashed antisemitism, expressed support for terrorism and open contempt for the United States, Israel and the West.’

‘That bias has been apparent across the span of her career, including recommending that the ICC, without a legitimate basis, issue arrest warrants targeting Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant,’ Rubio added.

‘I was the only American U.N.-accredited NGO with a speaking slot, and I wasn’t allowed even to conclude my 90 seconds of allotted time. Free speech is non-existent at the U.N. so-called ‘Human Rights Council,” Bayefsky told Fox News Digital.

Bayefsky noted the irony of the council cutting off her video in a proceeding that was said to be an ‘interactive dialogue,’ an event during which experts are allowed to speak to the council about human rights issues.

‘I was cut off after naming Francesca Albanese, Navi Pillay and Chris Sidoti for covering up Palestinian use of rape as a weapon of war and trafficking in blatant antisemitism. I named the prosecutor of the International Criminal Court, Karim Khan, who is facing disturbing sexual assault allegations but still unaccountable almost two years later. Those are the people and the facts that the United Nations wants to protect and hide,’ Bayefsky told Fox News Digital.

‘It is an outrage that I am silenced and singled out for criticism on the basis of naming names.’

Bayefsky’s statement was cut off as she accused Albanese and Navi Pillay, the former chair of the U.N. Independent International Commission of Inquiry on the Occupied Palestinian Territory; and Chris Sidoti, a commissioner of the U.N. Independent International Commission of Inquiry on the Occupied Palestinian Territory. She also slammed Khan, who has faced rape allegations. Khan has denied the sexual misconduct allegations against him.

Had her video message been played in full, Bayefsky would have gone on to criticize Türk’s recent report for not demanding accountability for the atrocities committed by Hamas Oct. 7, 2023.

When the video was cut short, Human Rights Council President Ambassador Sidharto Reza Suryodipuro characterized Bayefsky’s remarks as ‘derogatory, insulting and inflammatory’ and said that they were ‘not acceptable.’

‘The language used by the speaker cannot be allowed as it has exceeded the limits of tolerance and respect within the framework of the council which we all in this room hold to,’ Suryodipuro said.

In response to Fox News Digital’s request for comment, Human Rights Council Media Officer Pascal Sim said the council has had long-established rules on what it considers to be acceptable language.

‘Rulings regarding the form and language of interventions in the Human Rights Council are established practices that have been in place throughout the existence of the council and used by all council presidents when it comes to ensuring respect, tolerance and dignity inherent to the discussion of human rights issues,’ Sim told Fox News Digital.

When asked if the video had been reviewed ahead of time, Sim said it was assessed for length and audio quality to allow for interpretation, but that the speakers are ultimately ‘responsible for the content of their statement.’

‘The video statement by the NGO ‘Touro Law Center, The Institute on Human Rights and The Holocaust’ was interrupted when it was deemed that the language exceeded the limits of tolerance and respect within the framework of the council and could not be tolerated,’ Sim said.

‘As the presiding officer explained at the time, all speakers are to remain within the appropriate framework and terminology used in the council’s work, which is well known by speakers who routinely participate in council proceedings. Following that ruling, none of the member states of the council have objected to it.’

While Bayefsky’s statement was cut off, other statements accusing Israel of genocide and ethnic cleansing were allowed to be played and read in full.

This is not the first time that Bayefsky was interrupted. Exactly one year ago, on Feb. 27, 2025, her video was cut off when she mentioned the fate of Ariel and Kfir Bibas. Jürg Lauber, president of the U.N. Human Rights Council at the time, stopped the video and declared that Bayefsky had used inappropriate language.

Bayefsky began the speech by saying, ‘The world now knows Palestinian savages murdered 9-month-old baby Kfir,’ and she ws almost immediately cut off by Lauber.

‘Sorry, I have to interrupt,’ Lauber abruptly said as the video of Bayefsky was paused. Lauber briefly objected to the ‘language’ used in the video, but then allowed it to continue. After a few more seconds, the video was shut off entirely. 

Lauber reiterated that ‘the language that’s used by the speaker cannot be tolerated,’ adding that it ‘exceeds clearly the limits of tolerance and respect.’

Last year, when the previous incident occurred, Bayefsky said she believed the whole thing was ‘stage-managed,’ as the council had advanced access to her video and a transcript and knew what she would say.

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Frigid negotiations between the White House and Senate Democrats appear to be thawing, with the Trump administration submitting what it calls a ‘serious’ offer to reopen the government.

‘Yesterday, the White House made another serious counteroffer,’ a White House official told Fox News Digital. ‘Democrats need to make a move to end the shutdown before more Americans are harmed by a lack of funding for critical services like disaster relief.’

It’s the second offer from the White House in an ongoing back-and-forth that has left the Department of Homeland Security (DHS) without funding for two weeks. 

With lawmakers away from Washington, D.C., for the weekend, the shutdown will stretch into a third week.

The latest development comes after a week of stalled negotiations between Senate Democrats and the administration, along with concerns that an off-ramp from the shutdown remained out of reach.

Senate Minority Leader Chuck Schumer, D-N.Y., and House Minority Leader Hakeem Jeffries, D-N.Y., both acknowledged receiving the offer in a joint statement Friday.

‘We have received the White House’s counteroffer and are reviewing it closely. Democrats remain committed to keep fighting for real reforms to rein in ICE and stop the violence,’ they said. 

Congressional Democrats have spent much of the week accusing the White House of not taking the negotiations seriously, while Republicans contend their counterparts are asking for too much.

Schumer and Senate Democrats earlier this week blocked another attempt by Senate Majority Leader John Thune, R-S.D., and Republicans to fund DHS using the original compromise funding bill.

‘It seems like the Democrats concluded this is maybe good politics for them. It’s not for the people whose lives are affected on a daily basis,’ Thune said earlier this week. ‘So, we’ll keep pressing to try and get folks to the table. But I think the White House — you know — they continue to exchange paper and trade paper and all that, and hopefully they’ll find a sweet spot.’

Democrats want stringent reforms to Immigration and Customs Enforcement, including requiring agents to obtain judicial warrants and identify themselves during enforcement actions, changes Republicans and the administration say are red lines.

Democrats argue the White House has not shown the urgency they would have expected, given that an agency central to President Donald Trump’s immigration agenda has been shuttered for nearly three weeks.

‘They haven’t indicated that they’re concerned about the closure of DHS,’ Sen. Elizabeth Warren, D-Mass., told Fox News Digital. ‘They’ve been slow to come back on the proposals that the Democrats have made.

‘And no one has ever explained why there should be only one police force in the entire country that should not have to follow the same kind of rules as everyone else.’

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When you open a chatbot, stream a show or back up photos to the cloud, you are tapping into a vast network of data centers. These facilities power artificial intelligence, search engines and online services we use every day. Now there is a growing debate over who should pay for the electricity those data centers consume.

During President Trump’s State of the Union address this week, he introduced a new initiative called the ‘ratepayer protection pledge’ to shift AI-driven electricity costs away from consumers. The core idea is simple. 

Tech companies that run energy-intensive AI data centers should cover the cost of the extra electricity they require rather than passing those costs on to everyday customers through higher utility rates.

It sounds simple. The hard part is what happens next.

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Why AI is driving a surge in electricity demand

AI systems require enormous computing power. That computing power requires enormous electricity. Today’s data centers can consume as much power as a small city. As AI tools expand across business, healthcare, finance and consumer apps, energy demand has risen sharply in certain regions.

Utilities have warned that the current grid in many parts of the country was not built for this level of concentrated demand. Upgrading substations, transmission lines and generation capacity costs money. Traditionally, those costs can influence rates paid by homes and small businesses. That is where the pledge comes in.

What the ratepayer protection pledge is designed to do

Under the ratepayer protection pledge, large technology companies would:

  • Cover the full cost of additional electricity tied to their data centers
  • Build their own on-site power generation to reduce strain on the public grid

Supporters say this approach separates residential energy costs from large-scale AI expansion. In other words, your household bill should not rise simply because a new AI data center opens nearby. So far, Anthropic is the clearest public backer. CyberGuy reached out to Anthropic for a comment on its role in the pledge. A company spokesperson referred us to a tweet from Anthropic Head of External Affairs Sarah Heck.

‘American families shouldn’t pick up the tab for AI,’ Heck wrote in a post on X. ‘In support of the White House ratepayer protection pledge, Anthropic has committed to covering 100% of electricity price increases that consumers face from our data centers.’

That makes Anthropic one of the first major AI companies to publicly state it will absorb consumer electricity price increases tied to its data center operations. Other major firms may be close behind. The White House reportedly plans to host Microsoft, Meta and Anthropic in early March to discuss formalizing a broader deal, though attendance and final terms have not been confirmed publicly.

Microsoft also expressed support for the initiative. 

‘The ratepayer protection pledge is an important step,’ Brad Smith, Microsoft vice chair and president, said in a statement to CyberGuy. ‘We appreciate the administration’s work to ensure that data centers don’t contribute to higher electricity prices for consumers.’  

Industry groups also point to companies such as Google and utilities including Duke Energy and Georgia Power as making consumer-focused commitments tied to data center growth. However, enforcement mechanisms and long-term regulatory details remain unclear.

How this could change the economics of AI

AI infrastructure is already one of the most expensive technology buildouts in history. Companies are investing billions in chips, servers and real estate. If firms must also finance dedicated power plants or pay premium rates for grid upgrades, the cost of running AI systems increases further. That could lead to:

  • Slower expansion in some markets
  • Greater investment in renewable energy and storage
  • More partnerships between tech firms and utilities

Energy strategy may become just as important as computing strategy. For consumers, this shift signals that electricity is now a central part of the AI conversation. AI is no longer only about software. It is also about infrastructure.

The bigger consumer tech picture

AI is becoming embedded in smartphones, search engines, office software and home devices. As adoption grows, so does the hidden infrastructure supporting it. Energy is now part of the conversation around everyday technology. Every AI-generated image, voice command or cloud backup depends on a power-hungry network of servers.

By asking companies to account more directly for their electricity use, policymakers are acknowledging a new reality. The digital world runs on very physical resources. For you, that shift could mean more transparency. It also raises new questions about sustainability, local impact and long-term costs.

What this means for you

If you are a homeowner or renter, the practical question is simple. Will this protect my electric bill? In theory, separating data center energy costs from residential rates could reduce the risk of price spikes tied to AI growth. If companies fund their own generation or grid upgrades, utilities may have less reason to spread those costs among all customers.

That said, utility pricing is complex. It depends on state regulators, long-term planning and local energy markets.

Here is what you can watch for in your area:

  • New data center construction announcements
  • Utility filings that mention large commercial load growth
  • Public service commission decisions on rate adjustments

Even if you rarely use AI tools, your community could feel the effects of a nearby data center. The pledge is intended to keep those large-scale power demands from showing up in your monthly bill.

Think your devices and data are truly protected? Take this quick quiz to see where your digital habits stand. From passwords to Wi-Fi settings, you’ll get a personalized breakdown of what you’re doing right and what needs improvement. Take my Quiz here: Cyberguy.com.

Kurt’s key takeaways

The ratepayer protection pledge highlights an important turning point. AI is no longer only about innovation and speed. It is also about energy and accountability. If tech companies truly absorb the cost of their expanding power needs, households may avoid some of the financial strain tied to rapid AI growth. If not, utility bills could become an unexpected front line in the AI era.

As AI tools become part of daily life, how much extra power are you willing to support to keep them running? Let us know by writing to us at Cyberguy.com.

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Copyright 2026 CyberGuy.com. All rights reserved.

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Combined company is well-capitalized with an exceptional management team and portfolio of gold assets in the Eeyou Istchee James Bay region

Sirios Resources Inc. (TSXV: SOI,OTC:SIREF) (OTCQB: SIREF) (‘Sirios’) and OVI Mining Corp. (‘OVI’) are pleased to announce the completion of their previously announced business combination by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia) (the ‘Transaction’). Under the Transaction, Sirios acquired all of the common shares of OVI (each, an ‘OVI Share’) outstanding immediately prior to the effective time of the Transaction, which resulted in OVI becoming a wholly-owned subsidiary of Sirios.

Following completion of the Transaction, each former holder of OVI Shares is entitled to receive 2.34 common shares of Sirios (each, a ‘Sirios Share‘) in exchange for each common share of OVI held immediately prior to the effective time of the Transaction.

Concurrent with the completion of the Transaction, Jean-Félix Lepage has been appointed Chief Executive Officer of Sirios, replacing Sirios founder, Dominique Doucet, who will transition to Executive Chairman and Head of Exploration. In addition, Sean Roosen and Laurence Farmer have joined the board of directors of Sirios (the ‘Board‘), adding deep Québec mining and capital markets expertise to the Sirios team.

Mr. Lepage has over 15 years of experience in mining and managing operations, projects, and development activities. Prior to becoming CEO of OVI, he was Vice-President of Projects at O3 Mining Inc., where he led the Marban Project though the study and development process. His past experience also includes several different operational roles at Newmont Corporation, including managing the underground operations at the Eleonore Mine. Mr. Lepage obtained his Bachelor of Mining Engineering from Université Laval and holds a college technical degree in mineral processing from CEGEP de Thetford.

Jean-Félix Lepage, incoming CEO of Sirios, stated: ‘I am honoured to lead Sirios Resources as we enter this exciting new chapter. The combination of Sirios and OVI creates a stronger, well-capitalized company with an exceptional portfolio of gold assets in the Eeyou Istchee James Bay region. I look forward to working with our talented team and newly strengthened board to advance our exploration and development programs and deliver value for our shareholders.’

Dominique Doucet, former CEO of Sirios, stated: ‘After founding and leading Sirios for many years, I am proud to see the company take this significant step forward. This transaction brings together two complementary teams and asset portfolios, strengthening our position in the James Bay gold camp. In my new role as Executive Chairman and Head of Exploration, I remain deeply committed to Sirios and look forward to focusing my efforts on advancing our exploration programs and supporting Jean-Félix and the team in building on the foundation we have established.’

Board of Directors

The Board is led by Executive Chairman Dominique Doucet, and now includes Sean Roosen and Laurence Farmer, as well as Robert Ménard, Colinda Parent and Guy Le Bel. Luc Cloutier has resigned from the Board. Sirios would like to express its sincere gratitude for his years of service.

Dominique Doucet, former CEO of Sirios, stated: ‘On behalf of the Board, I would like to recognize and express my profound gratitude for Luc’s unwavering commitment and dedication to Sirios since its founding in 1994. Luc’s contributions have left an lasting mark on Sirios, and his legacy will continue to shape our path forward. On behalf of the entire Sirios team, we extend our heartfelt appreciation and wish him every success in his future endeavours.’

Mr. Roosen is the founder and Executive Chairman of Osisko Development Corp., and former CEO of OR Royalties Inc. As founder, President, Chief Executive Officer, and Director of Osisko Mining Corporation, Mr. Roosen was responsible for developing the strategic plan for the discovery, financing, and development of the Canadian Malartic mine. Recognized as one of the ‘Top 20 Most Influential Individuals in Global Mining,’ in 2017, he brings unmatched industry vision and strategic leadership.

Mr. Farmer is the General Counsel and VP Strategic Development of Osisko Development Corp. and the Chief Executive Officer of Electric Elements Mining Corp., prior to which he was Senior Counsel of OR Royalties Inc. Prior to joining the Osisko Group, Mr. Farmer worked in investment banking at RBC Capital Markets in London and, before that, practiced as a corporate lawyer with Norton Rose Fulbright LLP in London, England and Montréal, Canada, and brings strong transactional expertise and strategic insight into global resource development.

Information for Former OVI Shareholders

To receive the Sirios Shares to which they are entitled under the Transaction, former registered shareholders of OVI must complete, sign, date and return the letter of transmittal mailed to each OVI shareholder prior to closing. The letter of transmittal is also available on SEDAR+ (www.sedarplus.ca) under OVI’s issuer profile. Former shareholders whose OVI Shares are registered in the name of a broker, investment dealer, bank, trust company or other intermediary should contact that intermediary for assistance in depositing their OVI Shares and follow its instructions.

The Transaction was unanimously approved by shareholders of OVI at a special meeting held on February 18, 2026 (the ‘Meeting‘). Further information about the Transaction is set forth in the joint news release of Sirios and OVI dated December 11, 2025 and the management information circular prepared by OVI in respect of the Meeting which was mailed to shareholders of OVI and filed on SEDAR+ (www.sedarplus.ca) under OVI’s issuer profile.

OVI has applied to cease to be a reporting issuer under applicable Canadian securities laws.

Pursuant to the Transaction, Sirios will issue an aggregate of 131,905,594 Sirios Shares. All 1,866,000 options to purchase OVI Shares outstanding immediately prior to the effective time of the Transaction, whether or not vested, were exchanged for 4,366,440 options to acquire Sirios Shares, with an exercise price equal to approximately $0.05641 per Sirios Share, subject to rounding on the exercise thereof in accordance with the plan of arrangement and which expire on November 1, 2030.

OVI owns a portfolio of properties located in the James Bay region of Québec, including a 100% interest in the Corvet Est and PLEX gold projects. Certain of OVI’s properties are subject to royalties and contingent cash payments, which have been assumed indirectly by Sirios as a result of the Transaction.

Early Warning Disclosure

Prior to the completion of the Transaction, Sirios held no OVI Shares. Following the completion of the Transaction, Sirios holds all of the issued and outstanding OVI Shares. An early warning report will be filed by Sirios on SEDAR+ (www.sedarplus.ca) under OVI’s issuer profile in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact the CEO of Sirios 438-454-5636 or info@sirios.com. Sirios’s head office is located at 1400 Marie-Victorin, Bureau 210, Saint-Bruno-de-Montarville, Québec, J3V 6B9.

Advisors and Counsel

Bennett Jones LLP acted as legal counsel to OVI in connection with the Transaction. Mills Dunlop Capital Partners acted as financial advisor to OVI.

Stein Monast LLP acted as legal counsel to Sirios in connection with the Transaction.

About Sirios Resources Inc.

Sirios Resources Inc. (TSXV: SOI,OTC:SIREF) (OTCQB: SIREF) (www.sirios.com) is a Québec-based mineral exploration company focused on developing its portfolio of high-potential gold properties in the Eeyou Istchee James Bay region of Canada.

For more information, please contact:

Sirios Resources Inc.
Jean-Félix Lepage, CEO
438-454-5636
info@sirios.com
www.sirios.com

OVI Mining Corp.
Jean-Félix Lepage, CEO
438-454-5636
jflepage@ovimining.com
www.ovimining.com

Cautionary Note Regarding Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

In this news release, forward-looking statements relate to, among other things, statements regarding: the anticipated benefits of the Transaction, including potential synergies resulting from combining Sirios and OVI and the creation of a stronger, well-capitalized company; the enhanced portfolio of gold assets in the Eeyou Istchee James Bay region; the expected advancement of exploration and development programs; the ability to deliver value for shareholders; future exploration results and the potential for resource growth; the expectations for the combined entity’s board, management team and operations; the roles and responsibilities of management, including those of Mr. Lepage, Mr. Doucet, Mr. Roosen and Mr. Farmer; the filing of an early warning report and the ceasing of OVI’s status as a reporting issuer; and any other statements that are not historical facts.

Forward-looking statements are based on certain assumptions and analyses made by Sirios and OVI in light of the experience and perception of historical trends, current conditions, and expected future developments, and other factors they believe are appropriate. These forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements.

Risks and uncertainties that may cause such differences include, but are not limited to: fluctuations in the price of gold and other commodities; general economic, market and business conditions; the inherent risks associated with mineral exploration, development and mining operations; risks relating to the integration of Sirios and OVI and the realization of anticipated benefits from the Transaction; the volatility of the capital markets and market conditions in general; changes in national and local government legislation, taxation, controls and regulations; environmental risks and hazards; the speculative nature of mineral exploration; risks associated with obtaining and maintaining necessary licences, permits and authorizations and complying with permitting requirements; title matters; community and Indigenous relations; uncertainty in the estimation of mineral resources; competition for, among other things, capital, undeveloped lands and skilled personnel; risks relating to insufficient funding and the requirement for additional capital; risks relating to climate change and extreme weather events; the reliance on key personnel; the potential for conflicts of interest among certain officers and directors; and the other risks described in the continuous disclosure documents of Sirios filed with the Canadian securities regulatory authorities available on SEDAR+ at www.sedarplus.ca.

Sirios and OVI believe that the expectations reflected in forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. As such, readers should not place undue reliance on the forward-looking statements and information contained in this news release. These forward-looking statements are made as of the date of this news release and, except as required under applicable securities legislation, Sirios and OVI assume no obligation to update or revise them to reflect new events or circumstances.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285631

News Provided by TMX Newsfile via QuoteMedia

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Escalating tensions between the United States and Iran are reviving a risk energy markets have long feared: a potential closure of the Strait of Hormuz, the narrow Gulf passage that carries roughly 20 percent of global LNG trade and 25 percent of seaborne oil.

New modelling from energy analytics firm ICIS suggests that a three-month disruption would send European benchmark gas prices sharply higher and strain storage levels heading into winter.

US-Iran nuclear talks are continuing this week after previous meetings failed to produce a breakthrough.

Meanwhile, the US has increased its military posture in the Gulf region, redeploying a carrier strike group to the Northern Arabian Sea. Iranian Revolutionary Guard forces have conducted drills in the Strait of Hormuz and tested a temporary blockage of the sea passage, with officials publicly raising the possibility of closing the route to international traffic.

Oil markets have already begun reacting to the rising geopolitical risk.

Prices climbed to seven-month highs as traders positioned ahead of renewed US-Iran nuclear talks. US crude futures rose to as high as US$67.28 per barrel to start this week, while Brent crude reached US$72.50, its highest level since July 31, 2025, before easing later in the session.

Disruption scenario points to sharp market shock

The ICIS postures that the strategic importance of the strait is difficult to overstate. A prolonged closure would disrupt a quarter of global seaborne oil flows and a fifth of LNG trade. For Europe, the most immediate impact would be the loss of Qatari LNG volumes that transit the Gulf.

To assess the potential impact, ICIS modelled two scenarios: a base case reflecting current market conditions, and a disruption case assuming no contracted Qatari LNG imports to Europe until the end of May—a 102-day halt combined with a 131 terawatt-hour (TWh)reduction in spot LNG volumes over 90 days.

Under the disruption scenario, the Dutch TTF front-month contract, which is Europe’s gas benchmark, would jump toward 92 euros per megawatt hour, averaging around 86 €/MWh during the 90-day blockade.

This price point hovers substantially above the base case and far exceeds the price response in ICIS’ cold-winter scenario, which resulted in roughly a 20 percent increase in some Eastern European markets.

Furthermore, a three-month interruption of Qatari LNG would represent a supply shock of roughly 14 percent during the period, even before accounting for missing spot cargoes.

According to ICIS, that scale of disruption would likely drive the European gas balance into shortage territory.

“We see Europe has simultaneously allowed strategic buffers like gas storage levels to erode to dangerously low levels at a critical moment in global affairs,” said ICIS editor Ghassan Zumot.

Even with elevated prices, not all demand in Central and Eastern Europe could be easily met while still complying with mandated EU storage targets. In the disruption scenario, end-of-winter storage levels fall to about 244 TWh, compared with 275 TWh in the base case .

Under such conditions, the ICIS noted that competition between Asia and Europe for flexible LNG cargoes would also intensify.

Its modeling suggests that the marginal price during the blockade would be determined by the relative willingness-to-pay of Asian power systems during the summer cooling season versus Europe’s need to secure LNG for storage injections ahead of winter.

Volatile market meets gulf risk

The prospect of disruption in the Gulf adds fresh uncertainty to energy markets that have yet to stabilize.

“Throughout the year, prices have continued the downtrend they began in April (2024) as OPEC+ continued to hike output and China’s economy continued to struggle under the weight of a flailing property sector, downbeat consumer confidence, overindebted local governments and flagging external demand,” he added.

US President Donald Trump’s on-again, off-again tariffs also injected uncertainty into markets. “We can see that Trump’s ‘Liberation Day’ tariffs pushed prices down to a level from which they’ve not recovered from, barring a spike in June as a result of the 12 day Iran-Israel war,” Cunningham said.

Despite current perceptions of abundant oil supply with floating inventories hovering around a billion barrels, analysts caution that geopolitical disruptions could quickly alter the balance.

“The real question is not if oil and gas production will increase, but by how much,” Cunningham said, noting that production forecasts have been revised higher in response to OPEC+ output hikes and strong US LNG demand. At the same time, tensions within OPEC+ and sanctions on Russia could complicate supply trajectories.

For Europe, the immediate vulnerability lies in gas. The continent has made significant strides since 2022 in diversifying supply routes and expanding LNG import infrastructure.

However, a closure of the Strait of Hormuz would instantly test those gains.

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

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Lahontan Gold (TSXV: LG,OTCQB:LGCXF) is drawing investor attention as it advances toward renewed production at its historic Santa Fe Mine in Nevada. A revised mineral resource estimate is expected soon, offering a potential catalyst, according to a recent report by News Financial.

Highlights:

  • Resource update expected imminently
  • Santa Fe Mine advancing toward production
  • Strong drill results at West Santa Fe project

The Santa Fe Mine, which produced gold and silver from 1988–1994, comes with existing infrastructure and proven mineralization.

“Lahontan will incorporate these new drill holes into an updated MRE for Slab and the entire Santa Fe project. With a new MRE, combined with updated metallurgy and rising metal prices, the company will also complete an updated preliminary economic assessment,” stated CEO Kimberly Ann in the report. The update could significantly reshape market perception of the company’s asset base.

Recent drilling at the nearby West Santa Fe project delivered 36.6 m grading 3.11 g/t Au Eq, including a high-grade interval of 10.7 m at 5.75 g/t Au Eq from surface, highlighting the exploration upside of Lahontan’s satellite assets. These results may contribute to future resource growth and bolster the company’s transition from explorer to producer.

With drilling underway and key technical milestones approaching, Lahontan is positioning itself to move from exploration to development and production. Investors are watching closely, as the upcoming resource update and advancing mine infrastructure may mark the start of a new chapter for the historic Santa Fe operation.

Read the full study here.

Click here to connect with Lahontan Gold for an Investor Presentation

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Here’s a quick recap of the crypto landscape for Wednesday (February 25) as of 9:00 p.m. UTC.

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

Bitcoin (BTC) was priced at US$69,190.26, up by 7.4 percent over the last 24 hours.

Bitcoin price performance, February 25, 2026.

Chart via TradingView.

After a “cautiously bearish” start to the week marked by institutional exchange-traded fund outflows, the Bitcoin price suddenly flipped into the green, surging toward the US$70,000 territory.

Analysts noted a double-bottom technical formation, which often signals the end of a short-term downtrend.

Amberdata’s recent market snapshot highlights a bullish divergence where stablecoin supply expanded by over US$773 million, creating a dry powder reserve that sidelined cash. Combined with an aggressive short position in the perpetuals market, the firm believes the stage is set for a classic short squeeze.

Meanwhile, Glassnode analysts noted that a leverage reset has already been completed, with the market shifting into an “accumulation backdrop.” This structural thinning of sell-side pressure essentially created a liquidity vacuum, allowing Wednesday’s move to happen with explosive speed once buyers returned.

Crucially, open interest has climbed 1.57 percent in the last four hours and funding rates remain negative at -0.01 percent, indicating that the market isn’t overheated with leveraged buyers yet and that Bitcoin may have more room to run before hitting the resistance at the US$70,000 to US$82,000 zone.

Ether (ETH) was priced at US$2,074.84, up by 11.7 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.47, up by 8 percent over 24 hours.
  • Solana (SOL) was trading at US$89.75, up by 14.1 percent over 24 hours.

Today’s crypto news to know

Meta may integrate stablecoin payments this year

Anonymous sources for CoinDesk claim that Meta Platforms (NASDAQ:META) is planning to integrate a third-party firm that will enable stablecoin payments across all three of its platforms — WhatsApp, Facebook and Instagram — early in the second half of the year, as well as implement a new wallet.

Meta reportedly sent out a request for product to third-party firms. One source mentioned partner Stripe, which acquired stablecoin specialist Bridge in 2025, as a candidate for piloting a potential Meta stablecoin.

A subsequent X post from senior communications executive Andy Stone states that Meta is not planning to launch its own stablecoin; however, the company is exploring opportunities to “(enable) people and businesses to make payments on (Meta’s) platforms using their preferred method.’

Coinbase partners with Yahoo Finance

Coinbase Global (NASDAQ:COIN) announced the launch of stock trading for all of its US-based users by partnering with Yahoo Finance. This puts the exchange directly in competition with broker Robinhood Markets (NASDAQ:HOOD), widely considered the leading app-based platform for retail traders. The company is beginning with a selection of the market’s most popular stocks, and intends to roll out 24/5 trading for additional companies in the coming months.

By spring 2026, Coinbase will introduce stock perpetuals for international users.

“Looking further ahead, our goal is to offer fully tokenized stocks, creating a seamless, 24/7 global market where your equities can even serve as on-chain collateral,” Coinbase said in its announcement.

“Our Everything Exchange vision is about removing artificial boundaries between asset classes and building for the next generation of markets. This expansion is a foundational step toward unifying traditional investments and digital assets into a single platform, simplifying portfolio management and unlocking what comes next.”

Hut 8, Circle report latest earnings

Hut 8 (TSX:HUT,NASDAQ:HUT) and Circle Internet Group (NYSE:CRCL) have both released Q4 2025 earnings.

Circle shares rose over 35 percent on the day after revenue exceeded expectations, growing 77 percent year-on-year to US$770.2 million. Earnings per share also far exceeded estimates of US$0.16, coming in at US$0.43.

Circulation of the company’s stablecoin, USDC, reached US$75.3 billion, up 72 percent, with on-chain transaction volume hitting US$11.9 trillion for the quarter.

Meanwhile, shares of Hut 8 closed down 6.57 percent after the firm reported a net loss of US$301.8 million for the quarter, largely as a result of losses on its Bitcoin holdings of US$220 million. Revenue grew 45 percent year-on-year, driven by its ASIC mining and artificial intellgience cloud segment.

Mastercard expands crypto push with new stablecoin, DeFi leadership role

Mastercard (NYSE:MA) is stepping up its digital asset strategy with a new senior hire aimed squarely at stablecoins and DeFi. The payments giant is recruiting a director of crypto flows to oversee stablecoin-linked card products, DeFi integrations and updates to its internal risk and network frameworks.

The move builds on partnerships forged in 2025 with Circle, Paxos and OKX that enabled spending from crypto wallets and merchant settlement in stablecoins.

The new role will focus in part on allowing users to spend blockchain-based dollars at more than 150 million Mastercard-accepting locations worldwide, while preserving familiar card features such as rewards and cashback.

It will also explore connecting Mastercard’s rails to decentralized applications, enabling programmable payments and automated settlement flows.

Canaan buys deeper into Texas mining

Canaan (NASDAQ:CAN) has acquired a 49 percent stake in a joint venture tied to several Texas Bitcoin-mining projects from Cipher Mining (NASDAQ:CIFR) in a US$39.75 million all-stock deal.

The transaction gives Canaan exposure to operations totaling 120 megawatts of energized capacity and roughly 4.4 exahashes per second of hashrate. The sites operate at an average efficiency of about 25.7 joules per terahash, placing them within competitive industry benchmarks.

As part of the agreement, Canaan also acquired 6,840 Avalon A15Pro rigs previously deployed at Cipher’s Black Pearl facility. That site is being converted into an artificial intelligence and high-performance computing data center.

Cipher shares rose more than 6 percent following the announcement, while Canaan gained nearly 8 percent, suggesting investors welcomed the consolidation.

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

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

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Here’s a quick recap of the crypto landscape for Friday (February 25) as of 1:30 p.m. UTC.

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

Bitcoin (BTC) was priced at US$65,260.11, down by 3,6 percent over the last 24 hours.

Bitcoin price performance, February 27, 2026.

Chart via TradingView.

A US$8.9 billion crypto options expiry drove “extreme fear” in the market today, with price manipulation and re-hedging resulting in volatility. Bitcoin fell below the US$66,000 support level after a corrective rebound earlier in the week lost momentum, reflecting the fragility of the balance between risk appetite and available liquidity in global markets.

According to XS.com senior market analyst, Rania Gule, Bitcoin’s swift pullback suggests the recent uptick was merely a technical bounce within a more complex macro environment, rather than the beginning of a sustainable bullish wave.

“In the near term, I expect Bitcoin to remain within a broad range between US$64,000 and US$70,000, with a slight bearish bias if geopolitical pressures persist and equity market momentum weakens,’ she said.

Ether (ETH) was priced at US$1,917.34, down by 5.5 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.35, down by 3.7 percent over 24 hours.
  • Solana (SOL) was trading at US$81.42, down by 5.5 percent over 24 hours.

Today’s crypto news to know

Vitalik Buterin sells US$43 million in ETH

Ethereum co-founder Vitalik Buterin sold approximately 17,000 ETH worth approximately US$43 million at the time of sale, to fund privacy and security initiatives.

Marathon partners with Starwood on AI data center

Shares of Bitcoin miner Marathon Digital Holdings (NASDAQ:MARA) surged after the company announced a partnership with Starwood Capital Group, a leading global private investment firm focused on real estate, to build data centers for the artificial intelligence (AI) sector).

In a Wednesday (February 25) blog post, Zach Pandl, Grayscale’s head of research, called the relationship between AI and blockchain “complementary from a fundamental standpoint.”

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

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

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