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The US is among the world’s top silver producers, recording output of 1,100 metric tons in 2024.

While that’s far below first-place Mexico’s production of 6,300 metric tons of silver, the US is still a major producer of the precious metal, and is likely to remain a key source moving forward. However, few mines in the US are primary silver producers — much of the silver in the country is produced as a by-product of gold mining, and it can also be found with metals like copper and zinc.

So where exactly is silver produced in the US, and which companies are mining it? Alaska is the leading silver-producing state, followed by Nevada and Idaho. America’s three largest primary silver mines by production are the Greens Creek mine in Idaho, the Rochester mine in Nevada and the Lucky Friday mine in Alaska.

Read on for an overview of the three largest US silver producers by market cap.

Data for the stocks listed was current as of January 15, 2026.

1. Hecla Mining Company (NYSE:HL)

Market cap: US$16.91 billion

Hecla Mining operates the Greens Creek and Lucky Friday silver mines in Alaska and Idaho. Greens Creek is the United State’s largest silver mine. In addition to being a major silver miner in the US, Hecla also has mines in Canada, with the Keno Hill silver operation in the Yukon Territory and Casa Berardi gold-silver mine in Québec. Additionally, Hecla has a variety of exploration projects across North America.

In its 2024 results, Hecla reported silver reserves of 240 million ounces, silver production of 16.2 million ounces and a record US$929.9 million in total sales. The majority of Hecla’s 2024 silver production was derived from its Greens Creek and Lucky Friday mines, which produced 8.48 and 4.89 million ounces respectively.

Hecla’s 2025 production guidance stands at 16.2 million to 17 million ounces, with the vast majority expected to come from its US operations. In Q3 2025, the company produced 4.59 million ounces of silver, and 13.22 million ounces through the first nine months of the year.

‘Our third quarter results represent a defining moment for Hecla, with record-breaking performance across a number of key financial metrics,’ Rob Krcmarov, Hecla’s president and CEO, said in its Q3 results. ‘Greens Creek continues to exceed expectations, Keno Hill has delivered three consecutive quarters of profitability under our ownership, Lucky Friday maintained consistent production while advancing the surface cooling project, and Casa Berardi’s cost trajectory is improving.’

2. Coeur Mining (NYSE:CDE)

Market cap: US$13.58 billion

Coeur Mining describes itself as a growing precious metals producer with four producing mines in the Americas. Its major silver-producing operation in the US is the Rochester silver-gold mine in Nevada. Its other US mines are the Kensington gold mine in Alaska and Wharf gold mine in South Dakota, with Wharf also producing silver as a by-product.

In Mexico, Couer owns the Palmarejo silver-gold complex in Chihuahua and the Las Chispas silver-gold mine in Sonora. Coeur added Las Chispas to its portfolio when it acquired SilverCrest in early 2025. Coeur is also advancing work at its Silvertip silver-zinc-lead project in British Columbia, Canada.

For 2024, Rochester’s silver production totaled 4.38 million ounces, falling slightly shy of its 2024 guidance of 4.8 million to 6.6 million ounces, while Coeur’s full silver production across its operations totaled 11.4 million ounces.

As of Q3 2025, Coeur’s 2025 silver production guidance stood at 18.1 million ounces, with Rochester expected to produce 6 million to 6.7 million ounces of silver. In the first nine months of the year, Coeur produced 13.2 million ounces of silver across its operations, with Rochester accounting for 4.38 million ounces.

“Coeur delivered another quarter of record financial results, driven by higher prices, balanced contributions from all five of our North American gold and silver operations along with overall strong cost control,” President and CEO Mitchell J. Krebs said in the release. “Las Chispas experienced a particularly strong quarter, with the team continuing to exceed expectations in just its second full quarter of operations with the Company.”

3. Americas Gold and Silver (NYSEAMERICAN:USAS)

Market cap: C$1.69 billion

Americas Gold and Silver is mining for silver in the US and Mexico. The company has two producing assets: the Galena Complex in Idaho, which produces silver, copper and antimony, and the Cosalá operation in Mexico. It also owns the Relief Canyon mine in Nevada, currently on care and maintenance, and the newly acquired, past-producing Crescent silver mine, located 9 miles from Galena in Idaho.

In December 2024, the company consolidated full ownership of Galena when it acquired the outstanding 40 percent interest from an affiliate of Eric Sprott and Paul Andre Huet. As part of the deal, Sprott acquired a significant interest in the company, and Huet was appointed its CEO and Chairman. Americas stated that its benefits from 100 percent ownership in the property include streamlined decision making and a focused vision for Galena.

The company has been working on expansion efforts at Galena since early 2024. In its 2024 results, Americas Gold and Silver reported attributable silver production from Galena of approximately 1.5 million ounces compared to 1.6 million ounces the previous year.

In September 2025, Americas completed the first upgrade on Galena’s No 3 shaft ahead of schedule, improving productivity. In its Q3 results, the company reported 2025 year-to-date production of 1.9 million ounces of silver.

In December, the company completed the acquisition of the past-producing Crescent silver mine near Galena. The historic resource at the site demonstrates mineralization similar to that at Galena, with the potential to add 1.4 million to 1.6 million ounces of silver annually.

In an operational update in January 2026, the company said development of Crescent was progressing rapidly and it was aiming for a mid-2026 restart of operations.

“This rapid execution is an excellent start to our plan to establish best-in-class operations at Crescent. We’re poised to unlock multiple synergies with our neighbouring Galena Complex from procurement savings and equipment sharing to G&A efficiencies and spare processing capacity,’ Chairman and CEO Huet stated.

Securities Disclosure: I, Dean Belder, currently hold a small investment in Hecla Mining, but do not hold investments in any other company mentioned in this article.

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Investing

Franklin Templeton Advocates for Blockchain Modernization in US$18 Trillion Retirement Market

As calls grow to modernize America’s aging retirement system, Franklin Templeton is positioning blockchain as the key to the next evolution of asset management infrastructure.

In a recent survey of 52 leading retirement industry entities, the global investment firm found near-universal agreement that modernization is urgent. This discovery underscores structural inefficiencies across the US retirement landscape, from legacy administration and fragmented data systems to outdated product delivery models.

In a summary statement accompanying the results of the report, Crossley maintained that “the next phase of modernization won’t just digitize existing systems — it will redefine them.”

US retirement system at inflection point

The executives interviewed, who are responsible for roughly US$18 trillion in assets, described legacy infrastructure as fragmented, inefficient and ill-suited to modern employment patterns and participant expectations.

“We expected (a) debate about the pace of change or which innovations to prioritize. Instead, we heard near-universal agreement that … incremental improvements won’t be enough,’ he continued.

“One participant told us the legacy infrastructure needs to be burned down and built up from scratch. When industry leaders … are that candid about structural deficiencies, it signals we’ve reached a genuine inflection point.”

Crossley explained that there are three forces driving urgency:

Traditional safety nets are eroding as Social Security faces funding pressure and defined benefit pensions fall. The expert told INN that defined benefit pensions have shrunk from 68 percent of retirement assets in the mid-1970s to around 28 percent today.

Job tenure has shortened dramatically, with Gen Z averaging less than three years per role versus nearly a decade for older cohorts, breaking systems built around long-term work at a single entity.

Neobrokers and fintech platforms are increasing the competitive pressure on established companies, attracting younger investors and entering the retirement product market.

How blockchain solves for operational efficiency

While blockchain adoption in retail investment remains gradual, enterprise-level integrations have advanced steadily in recent years. Franklin Templeton itself has issued tokenized money market funds and piloted on-chain share registries.

“Intraday yield enables proportional calculation and distribution of yield, down to the second, when a tokenized security is transferred from one party to another — only made possible by blockchain innovation.”

The firm’s latest research suggests that the same efficiencies could underpin large-scale retirement solutions.

“The core problem in the industry is fragmentation,” Crossley said.

“Retirement data sits in silos across record keepers, plan sponsors, asset managers and benefits administrators, all running separate ledgers that require constant reconciliation,’ he continued, noting that blockchain provides a solution by creating a single shared record that every authorized participant can access simultaneously.

“Beyond that, tokenization allows us to embed rules directly into assets,” Crossley added. “A participant’s 401(k) contribution, their benefits elections (and) their employer match formula can all become programmable contracts that execute automatically. That’s not something a conventional database upgrade can replicate.”

Crossley pointed out that the bulk of retirement administration remains mired in costly, duplicative processes that fail to add value, with record keepers spending about US$12 billion a year servicing plans.

“Blockchain collapses that into a single shared record. When a contribution post or a benefits claim (is processed), every authorized party sees identical data simultaneously,’ he emphasized.

“Smart contracts take it further by automating routine administration. A participant’s contribution rate, investment election and match formula can be encoded into a self-executing contract. The blockchain monitors incoming payroll data and triggers the appropriate actions without manual intervention.”

From account to wallet

As regulatory frameworks mature and data security protocols strengthen, institutional players appear more willing to explore blockchain-based modernization at a broader scale.

If Franklin Templeton’s vision takes hold, the shift from “account to wallet” could mark one of the biggest operational revolutions in retirement management since the 401(k) was introduced nearly half a century ago.

“A wallet-based model consolidates that view. Your retirement contributions, benefits elections and employer match terms become tokens held in a single digital wallet that you control and carry with you across jobs.’

He noted that custodians and asset managers would have to rethink delivery.

‘Instead of being product manufacturers pushing funds into accounts, they become service providers operating within a networked ecosystem where the participant’s wallet is the central hub,’ Crossley said.

Barriers, challenges and regulatory engagement

Despite the promise, Crossley acknowledged that implementation roadblocks still lay ahead.

“Culture may be the steepest climb. The retirement industry has been conditioned by litigation risk to avoid anything nonstandard. Fiduciaries default to the cheapest, most common options because doing something different invites lawsuits. That mindset has to shift before any technology gains traction,’ he said.

“On the technical side, many record keepers still operate on mainframe systems built decades ago. Extracting and standardizing that data for migration is a massive undertaking,’ Crossley continued. In his view, regulatory clarity would be helpful in speeding up adoption, but internal barriers are hindering established franchies.

Franklin Templeton actively engages with regulators worldwide through sandboxes, hearings and white papers to align blockchain innovations with fiduciary standards while fostering investor protection and market growth.

“Our goal is to help build a regulatory environment where new technologies can thrive safely and transparently, unlocking the benefits of blockchain for institutions and individuals alike,’ he said.

‘By working together, we’re not just advancing our own capabilities; we’re helping to set the standard for a more open, resilient and trustworthy financial ecosystem,’ Crossley added. “We believe that the best regulatory frameworks don’t just safeguard investors; they also create the conditions for growth, experimentation and broader participation.”

The future of retirement systems

Crossley envisions a future where tokenized retirement systems operate seamlessly behind the scenes.

“Imagine a system where your retirement plan follows you across every job without paperwork, where your benefits selections automatically adjust when your circumstances change and where an AI-powered assistant actively optimizes your contributions, benefits usage and purchasing power in real time,’ he said.

“Tokenization makes that possible because it transforms static account records into programmable assets. Your 401(k) allocation, your HSA and your employer match formula all become smart contracts that execute automatically based on your preferences and life events. The end state is a retirement system that works continuously in the background rather than something you revisit once a year during open enrollment.”

Franklin Templeton sees gradual progress leading to meaningful adoption within three to five years.

He also noted that some forward-leaning providers are already testing wallet-based delivery for select participant groups. For example, Fidelity Investments offers Bitcoin exposure in 401(k)s via its digital assets account with up to 20 percent allocation and risk controls, while JPMorgan Chase’s (NYSE:JPM) Kinexys supports tokenized fund shares for automated rebalancing and collateral on permissioned networks. US provider ForUsAll enables up to 5 percent crypto self-directed windows via Coinbase Institutional in its Alt401(k) plans for small businesses.

“The question isn’t whether this shift happens,” said Crossley. ‘But whether incumbent players lead it or find themselves responding to competitors who moved first.”

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

This post appeared first on investingnews.com

Investing

Skyharbour Announces Major 2026 Exploration Campaign with Denison Mines at Russell Lake Uranium Joint Ventures

Skyharbour Resources Ltd. (TSX-V:SYH) (OTCQX:SYHBF) (Frankfurt:SC1P) (‘Skyharbour’, ‘SYH’ or the ‘Company’) is pleased to announce plans for a major 2026 exploration campaign spanning several of the newly-formed Russel Lake joint ventures with Denison Mines Corp. (‘Denison’) (TSX:DML) (NYSE American: DNN). Over 15,000 metres of diamond drilling is planned across the Wheeler North, RL, and Getty East joint ventures, each of which were formed following completion of the strategic transaction with Denison in December 2025 that resulted in a reorganization of the former Russell Lake uranium project into four separate property joint ventures (the ‘Russell Lake Joint Ventures’).

Reorganization of the Russell Lake Project:
https://www.skyharbourltd.com/_resources/images/Russell-Map-New.jpg

The Russell Lake Joint Ventures are strategically located in the central portion of the eastern Athabasca Basin of northern Saskatchewan, to the east of Denison’s flagship Wheeler River project, and with access to significant regional infrastructure, including an exploration camp, provincial highways, and the provincial power grid.

Russell Lake Project Area Location Map:
https://www.skyharbourltd.com/_resources/images/SKY_RussellLake.jpg

Highlights of 2026 Exploration Plans:

Immediate start to exploration at Denison-operated Wheeler North property with 2,500 metres planned for winter drilling at the Fox Lake Trail target, where previous drilling identified extensive faulting and intense illite- and dravite-dominated alteration, together with elevated uranium and boron geochemistry which confirms the presence of strong uranium-mineralizing hydrothermal systems.

Additional 5,000 metres of drilling at the Wheeler North property’s Fork and Sphinx target areas is planned for later in the year, intending to follow up on drilling from the last two years which confirmed prospective structures and/or uranium mineralization.

Target generation and diamond drilling follow up planned for Skyharbour-operated RL property expected to consist of ground EM surveys and 4,000-5,000 metres of diamond drilling across several prospective targets.

Ground geophysical surveys and approximately 3,600 metres of diamond drilling targeting the Little Mann Lake prospect area and priority targets along the extension of the mineralized Middle Lake Trend on the Getty East property.

In total, over 15,000 metres of diamond drilling planned in 2026 across newly reorganized properties at the Russell Lake Joint Ventures.

Jordan Trimble, President and CEO of Skyharbour, stated: ‘2026 is set to be a transformative year for Skyharbour and the upcoming commencement of drilling at the recently formed Russell Lake joint ventures represents a key near-term catalyst. The planned +15,000-metre, multi-phased drill campaign at Russell is a substantial increase to previous annual drilling programs as we accelerate exploration efforts together with our new funding-partner, Denison, using systematic and proven exploration methodologies. We are confident that this collaboration with Denison will expedite the discovery process and leverage Denison’s success in exploring, permitting, and developing the neighboring Wheeler River Project, where the high-grade Phoenix deposit is positioned to become the next new large-scale uranium mine built in the region since the Cigar Lake mine.’

Mr. Trimble continued: ‘The Russell Lake Joint Ventures encompass one of the largest and most prospective land packages in the Athabasca Basin region, with a combination of proximity to existing and developing mines, as well as low-cost drilling and relatively shallow target depths. Combined with our recently announced plans for drilling in 2026 at our adjacent Moore Project, as well as at our Preston Project JV and various other partner-funded projects, the Company will have consistent news flow throughout 2026. With over 30,000 metres of diamond drilling anticipated across Skyharbour’s project portfolio in 2026, we believe the Company offers unique and significant discovery optionality.’

Wheeler North Property Plans:

Wheeler North consists of 16,409 hectares over eight claims that host numerous prospective exploration targets located adjacent to the Wheeler River Project. Ownership is initially 51% Skyharbour and 49% Denison, with Denison serving as the operator and holding additional earn-in options to achieve up to a 70% ownership interest.

At Wheeler North, Denison is planning an exploration program comprising approximately 13 diamond drill holes totalling approximately 7,500 metres this year. The work is expected to be sole funded by Denison pursuant to its earn-in options, and is set to commence shortly with a focus on three high-priority target areas: Fork, Sphinx, and Fox Lake Trail (‘FLT’).

At the Fork Zone, previous drilling by Skyharbour confirmed the presence of high-grade uranium mineralization, including the high-grade intersection in drill hole RSL24-02, which returned 3.0% U₃O₈ over 0.5 metres. Drilling in 2025 identified a broad corridor of intense sandstone and basement alteration associated with favourable geochemistry along strike to the north of hole RSL24-02. Drilling planned for 2026 will focus on systematically testing this intense alteration corridor with the objective of expanding the known mineralized footprint at the Fork Target.

To the northwest of the Fork Zone, the Sphinx target area has emerged as a newly identified, high-priority target area, which is located approximately one kilometre from Denison’s Phoenix deposit. Inaugural drilling completed in 2025 intersected a faulted graphitic unit in the basement, confirming the presence of a prospective reactivated structural corridor at Sphinx. The projected unconformity intersection of this structure is considered a priority follow-up target, with additional drilling planned to test this setting along strike.

At the Fox Lake Trail (‘FLT’) Zone, drilling in 2025 by Skyharbour intersected strong hydrothermal alteration associated with uranium-mineralizing systems, including intense sandstone desilicification, brecciation, fracturing, elevated boron values, and widespread illite- and dravite-dominant clay alteration. Notably, drill hole RSL25-03A intersected a strongly altered sandstone fault zone with boron values up to 5,360 ppm, while RSL25-02 intersected anomalous basement-hosted uranium within a faulted graphitic unit, collectively indicating proximity to a fertile uranium-bearing structural corridor. A focused follow-up program of three to four drill holes is planned to commence in winter 2026, with contingency drill targets available on additional untested conductors within the FLT area.

RL Property Plans:

The RL property covers 53,192 hectares over 16 claims located north and west of Skyharbour’s adjacent Moore Project. Skyharbour owns an 80% interest and is the project operator while Denison owns 20% and has committed to funding its share of the next $10 million in exploration expenditures on the property.

The property hosts numerous exploration target areas, including Christie Lake, Blue Steel, Taylor Bay, South Russell, and Kowalchuk Lake. Skyharbour is carrying out electromagnetic (‘EM’) surveys to further refine and prioritize targets along prospective structural corridors and underexplored conductors. This work will be followed by targeted diamond drilling of approximately 4,000 to 5,000 metres this year in 10-14 drill holes, designed to test high-priority targets generated from the integration of historical datasets, recent drilling results, and new geophysical interpretations.

Getty East Property Plans:

Getty East consists of one claim covering 3,105 hectares and hosts the Little Mann Lake uranium zone, as well as the interpreted extension of the Middle Lake trend. Skyharbour owns 70% of the property and will initially act as operator. Denison has an initial 30% ownership interest, and holds additional earn-in options to acquire up to a 70% interest in the project, as well as the right to become the project operator. The work planned for 2026 is expected to be sole funded by Denison pursuant to its earn-in options.

Skyharbour is planning approximately 16.2 line-kilometres of ground MLTDEM surveying to better define priority conductive corridors associated with the interpreted extension of the Middle Lake trend. Historical drilling on this trend, located to the south of the Getty East property, returned high-grade uranium mineralization, including 22.1% U₃O₈ over 0.9 metres in drill hole ML-30. The geophysical survey is expected to be followed up by approximately 3,600 metres of diamond drilling in about 10 drill holes to test targets generated from the new geophysics and supported by historical drilling results.

Overview of Recent Skyharbour Exploration Programs at Russell:

Skyharbour recently drilled 19 holes totalling 9,844 metres, together with Moving Loop and Fixed Loop Transient Electromagnetic (TEM) surveys completed across multiple priority target areas within the original Russell Lake project area. This exploration focused on advancing several high-priority targets, including the Fork Zone, M-Zone Extension, Fox Lake Trail, and the newly identified Sphinx target area. Denison and Skyharbour plan to follow-up on the findings of the previously exploration at Russell with the 2026 programs.

First Phase of Exploration:

In the first phase, 8 diamond drill holes totalling 4,124 metres, were completed with 6 of these holes drilled at the newly identified Fork Zone to follow up on the high-grade mineralization intersected in previously reported hole RSL24-02. The remaining 2 holes were drilled at the M-Zone Extension, targeting historical ground EM anomalies.

The Fork Zone was discovered in 2024 and is host to the best uranium mineralization intercepted to date at the Russell Lake project. The highlight results included high-grade unconformity-hosted mineralization intercepted in previously reported RSL24-02, which returned 3.0% U₃O₈ over 0.5 metres within a broader 2.5-metre interval averaging 0.72% U₃O₈ at a relatively shallow depth of 338.1 metres. Prior to 2024, the Fork Target had seen minimal historical exploration due to the lack of reliable ground geophysical data, primarily caused by interference from the nearby powerline.

Sphinx and Fork Target Areas – Drill Collar Map:
http://www.skyharbourltd.com/_resources/images/Sphinx-and-Fork-Target-Areas-Drill-Collar-Map-0005.jpg

Hole RSL24-12 at the Fork Zone intersected 0.17% U₃O₈ over 0.5 metres from 337.8 to 338.3 metres at the unconformity. Anomalous As, Ni, Pb, V, Zn, and B were intersected, in addition to weak uranium mineralization from 330.0 metres until the unconformity at 338.3 metres. Basement geochemistry returned anomalous uranium within altered and structurally disrupted graphitic metasediments. RSL24-12 tested for continuity of mineralization encountered in RSL24-02 to the SSW but the optimum target at the unconformity was undershot thereby warranting further drilling here. Holes RSL24-11, -13, -14, -15, and -16 all intersected anomalous pathfinder elements at the Fork Zone associated with the hanging wall of the structure in graphitic basement lithologies, in addition to anomalous uranium ranging from 11.8_(partial) to 150_(partial) ppm U.

Fork Target Area – Drill Collar Map:
http://www.skyharbourltd.com/_resources/images/Fork-Target-Area-Drill-Collar-Map-0002.jpg

The MZE (‘M-Zone Extension’) target lies on trend from Denison’s Wheeler River Project M-Zone, where historical drilling intersected basement and unconformity-hosted uranium mineralization. More recent drilling by Denison in 2020 at the M-Zone encountered additional uranium mineralization, along with significant faulting, core loss, geochemical anomalies, and radioactivity. The mineralization at M-Zone is hosted by a graphitic thrust fault within a significant magnetic low, which continues onto the Russell Lake property area at the M-Zone Extension target. It is also noted that lineaments (cross structures) associated with Denison’s Phoenix and Gryphon uranium deposits trend onto the Russell Lake property within the M-Zone Extension target area, further enhancing the prospectivity of this target.

Hole RSL24-17 was drilled to follow up on a 2024 hole at the MZE Zone that was lost in structurally disrupted and altered sandstone before reaching its target. RSL24-17 similarly encountered intense structure and alteration in the sandstone and was lost before intersecting the basement. Hole RSL24-18 intersected moderate hydrothermal hematite within the basal sandstone, and strong shearing locally overprinted by well-developed fault breccia and gouge within the basement. Anomalous uranium was intersected within fractured and altered granitic lithologies.

In addition to the drilling above, focused ground geophysical programs were completed over the Fork, Sphinx and Fox Lake Trail targets within the central and northern portions of the Russell Lake project area. The surveys across the Fork–Sphinx areas identified a series of previously unrecognized conductive anomalies, including four sub-parallel conductors at the Fork area, at least one conductive trend at Sphinx, and an additional parallel trend located between the Fork and Sphinx trends, now referred to as the McGowan trend. All of these conductors were virtually untested prior to the work in 2025. At the Fox Lake Trail area, the survey delineated four parallel conductive trends, of which only two had been drill tested prior to 2025, as earlier surveys failed to adequately resolve these features.

Second Phase of Exploration:

The second phase of drilling comprised of 11 drill holes totaling 5,720 metres, targeting the newly identified, high-priority conductors while also expanding on the successful 2024 discovery at the Fork Zone. Fork is now understood to be a northeast–southwest–trending structural corridor that runs sub-parallel to the historical Grayling Zone and remains largely underexplored. The northern strike extension of the Fork Trend, together with multiple parallel conductive trends to the west, remain virtually untested and represent high-priority targets for follow-up drilling.

Of the 11 holes in the second phase, 6 holes totaling 2,397 metres were completed at the Fork Zone. Hole RSL24-12W1 intersected 2.0 metres averaging 0.28% U₃O₈, including 0.5 metres of 0.68% U₃O₈ southwest of hole RSL24-02, confirming continuity along and across strike. A four-hole fence (RSL25-05, -08, -09, and -10) drilled approximately 325 metres north of RSL24-02 tested newly defined, parallel EM conductors located approximately 500 metres west of the historical Grayling showing. These conductors were untested prior to Skyharbour’s 2025 drilling. Holes RSL25-05, -08, and -10 intersected intense sandstone-hosted faulting with bleaching, desilicification, core loss, and clay alteration locally including visible dravite. Hole RSL25-09 intersected a graphitic basement fault zone and clay analyses confirmed illite-dominant alteration with local dravite, consistent with fertile uranium systems in the Athabasca Basin. An additional hole, RSL25-06, drilled approximately 330 metres SSW of RSL24-02, intersected granitic basement and did not explain the EM response. Further drilling in the area is required to adequately test this target with plans in 2026 to do so.

The faulting and associated alteration encountered in RSL25-05, -08, -09, and -10 represent the strongest structural and hydrothermal alteration intensity identified at the Fork Zone to date. This alteration system remains unconstrained along strike in both directions and across strike to the west, highlighting significant upside potential which has already produced grades of up to 3% U₃O₈ at the target area.

Skyharbour also completed a single drill hole, RSL25-07A, to test a newly identified ground EM conductor at the Sphinx target, representing the first drill test of this target. Sphinx is located approximately one kilometre southeast of the Phoenix deposit on the Wheeler River Project. The hole confirmed the EM anomaly as a faulted and altered graphitic pelite unit, intersected approximately 140 metres below the unconformity. The graphitic fault zone shows evidence of post-Athabasca reactivation and is associated with pervasive bleaching, supporting the interpretation of a structurally fertile system.

Geochemical sampling from RSL25-07A returned elevated uranium and associated pathfinder elements within faulted and graphitic intervals. PIMA analysis identified illite-dominant clay alteration in the sandstone and illite–chlorite alteration in the basement, indicating a well-developed hydrothermal system. Together, these results support the interpretation of a reactivated, structurally focused uranium-fertile corridor at Sphinx. With only one drill hole completed to date and the target located proximal to the Phoenix deposit, Sphinx remains a high-priority target for follow-up drilling planned in 2026.

Furthermore, Skyharbour completed 4 drill holes at the Fox Lake Trail area, located at the northern end of the Russell Lake project area. The drilling tested two of the recently defined conductors by the 2025 ground EM survey within a broad conductive corridor that has seen limited historical drilling with sporadic uranium mineralization and favourable hydrothermal alteration.

Fox Lake Trail Target Area – Drill Collar Map:
http://www.skyharbourltd.com/_resources/images/Fox-Lake-Trail-Target-Area-Drill-Collar-Map_rev-0003.jpg

Holes RSL25-02, RSL25-03A, and RSL25-04 tested the strike extension of the same conductive trend, while hole RSL25-01 tested a parallel conductive target to the southeast. The two drill fences are spaced approximately 800 metres apart. Holes RSL25-03A and RSL25-04 encountered the strongest hydrothermal alteration observed at Fox Lake Trail to date, including brecciation and significant quartz dissolution, while hole RSL25-02 intersected anomalous basement-hosted uranium of 250 ppm U over 0.5 metres within a faulted graphitic unit. Clay analysis confirmed illite- and dravite-dominant alteration. These conductive trends remain largely underexplored along strike, with an additional priority target identified through reinterpretation of historical EM data between the two drill fences, supporting continued follow-up exploration at Fox Lake Trail. Drilling will commence shortly at this target area.

Summary of Russell Lake Joint Ventures:

The Russell Lake Joint Ventures encompass a large, advanced-stage uranium exploration land package totalling 73,314 hectares in the eastern Athabasca Basin of northern Saskatchewan. The properties are strategically positioned between Cameco’s Key Lake and McArthur River operations and immediately east of Denison’s Wheeler River Project.

Following the completion of a major strategic transaction with Denison in 2025, the former Russell Lake project was restructured into four separate joint venture uranium properties: RL, Wheeler North, Getty East, and Wheeler River Inliers. Each property is subject to its own joint venture agreement with operatorship divided between the partners. Skyharbour is the operator at the RL Claims and Getty East, and Denison is the operator at Wheeler North and the Wheeler River Inliers. In aggregate, the strategic transaction included total project consideration of up to C$61.5 million with Skyharbour retaining an 80% interest at RL while Denison can earn up-to 70% at each of the other properties.

The Russell Lake Joint Ventures benefit from excellent regional infrastructure, with the northern extension of Highway 914 traversing the western portion of the land package and a high-voltage provincial powerline running parallel to the road. Across the joint ventures, there are numerous high-priority exploration targets including the Grayling, Fork, Little Mann Lake, Christie Lake, Fox Lake Trail, Sphinx, Blue Steel, Taylor Bay, South Russell, and Kowalchuk Zones. In addition, more than 35 kilometres of largely untested prospective electromagnetic conductors occur across the joint venture properties, highlighting the substantial discovery potential.

QA/QC, Radiometric Equivalent Grades and Spectrometer Readings:

All drill intervals above are downhole length and sampling procedures and QA/QC protocols for geochemical results as well as a description of downhole gamma probe grade calculations and protocols are below. All drill core samples are shipped to the Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan under the care of Skyharbour personnel for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl), boron by fusion, and U₃O₈ wt% assay by ICP-OES using higher grade standards. Assay samples are chosen based on downhole probing radiometric equivalent uranium grades and scintillometer (Radiation Solutions RS-125) peaks. Assay sample intervals comprise 0.5 metre continuous half-core split samples over the mineralized interval. These samples may also be selected for density determination using Rock Density by Dry Bulk Method (wax-coated displacement method). With all assay samples, one half of the split sample is retained and the other sent to the SRC for analysis. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by Skyharbour and the SRC in accordance with Skyharbour’s quality assurance/quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by Skyharbour prior to disclosure.

During active exploration programs, drillholes are radiometrically logged using calibrated downhole Mount Sopris HLP-2375 or 2GHF probes of varying sensitivities, which collect continuous readings along the length of the drillhole. Preliminary radiometric equivalent uranium grades (‘eU₃O₈‘) are then calculated from the downhole radiometric results. The probe is calibrated using an algorithm calculated from the calibration of the probe at the Saskatchewan Research Council facility in Saskatoon and from the comparison of probe results against geochemical analyses. In the case where core recovery within a mineralized intersection is poor or non-existent, radiometric grades are considered to be more representative of the mineralized intersection and may be reported in the place of assay grades. Radiometric equivalent probe results are subject to verification procedures by qualified persons employed by Skyharbour prior to disclosure.

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour, as well as a Qualified Person.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in forty-three projects covering over 662,887 hectares (over 1.6 million acres) of land. Skyharbour owns a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage, uranium exploration property with high-grade, shallow uranium mineralization at the Maverick Zones. Adjacent to Moore, Skyharbour is advancing several uranium properties within the Russell Lake project area with its joint venture partner and large strategic shareholder Denison Mines. Collectively these projects host multiple zones of high-grade uranium mineralization across a highly prospective land package with significant exploration upside, and the Company is actively working these assets through exploration and drilling programs.

Skyharbour now has joint ventures with industry-leaders Denison Mines and Orano Canada Inc. at the Russell Lake properties and the Preston project, respectively. The Company also has several active earn-in option partners, including CSE-listed Nexus Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete the earn-ins at their respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2025-12-16.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.

Skyharbour Resources Ltd.

‘Jordan Trimble’

Jordan Trimble
President and CEO

For further information contact myself or:

Nicholas Coltura
Corporate Communications Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward-Looking Information:

This news release contains ‘forward‐looking information or statements’ within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. 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. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

News Provided by GlobeNewswire via QuoteMedia

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Investing

Steve Penny: Silver’s Big Move Still to Come, Watch This Price Trigger

Steve Penny, founder of SilverChartist.com, shares his thoughts on silver’s price breakout and next move, as well as the gold, platinum, uranium and oil markets.

‘In 1979, silver went up 700 percent, 8X in 12 months. I think that moment still lies ahead,’ he said.

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

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Investing

Vanadium Market Forecast: Top Trends for Vanadium in 2026

The vanadium market remained subdued in H1 2025, weighed down by persistent oversupply and weak usage from the steelmaking sector, even as new demand avenues like energy storage gained attention.

Price data shows that vanadium pentoxide in major regions such as the US, China and Europe traded in roughly the US$9,300 to US$13,000 per metric ton range in Q1 and Q2, with no dramatic price spikes. Modest support was provided by demand for vanadium redox flow batteries (VRFBs) and stricter Chinese rebar standards.

Producers reported ongoing pressure on prices and profitability, with oversupply from China and Russia continuing to temper upward momentum and buyers delaying purchases amid resilient feedstock availability.

At the same time, vanadium’s role in long‑duration energy storage, particularly VRFBs, emerged as a potential growth driver as the year progressed, hinting at deeper structural demand beyond traditional industrial uses.

“The expected growth in vanadium demand from VRFBs as an energy storage solution at the grid-level represents a bright future for increased consumption,” a July CRU report reads. “However, the present reality is vanadium consumption is still dominated by use as a ferroalloy (ferrovanadium and vanadium nitride).”

Vanadium market to see structural change?

As 2025 progressed, the vanadium market continue to grapple with weakness as steel production demand struggled to absorb available supply and the broader metals complex remained in the doldrums.

Vanadium pentoxide prices stayed under pressure in most regions, with figures from the second quarter showing US prices near US$9,584, and Chinese prices around US$8,655, reflecting tepid buying activity and ongoing oversupply, even as emerging applications such as VRFBs sustained pockets of interest.

As mentioned, a key factor has been sluggish steel sector demand. Globally, crude steel production has weakened, particularly in China — historically the largest vanadium consumer — slowing vanadium’s traditional core market as rebar and structural steel consumption softened amid broader economic headwinds.

Although new Chinese rebar standards introduced earlier in 2025 mandate higher vanadium intensity in steel, anticipated increases in consumption have only partially materialized, leaving producers competing for limited contracts and putting downward pressure on average ferrovanadium and vanadium pentoxide prices.

At the same time, market participants reported that producers were cutting output and tightening supply in response to persistent low pricing. Several companies in China and the west curtailed production or deferred capital projects, indicating that margins were strained and cost discipline was becoming an industry imperative.

Global vanadium production has been declining since 2021, when the US Geological Survey reported total global output of 105,000 metric tons; that’s compared to 2024’s 100,000 metric tons.

Emerging vanadium demand from energy storage

Despite headwinds, structural changes in vanadium demand were evident in H2 2025.

VRFBs continued to gain momentum as more utility‑scale projects were announced and commissioned. The technology’s appeal lies in its scalability, long cycle life and safety profile compared to conventional lithium‑ion systems; installations in China, Japan and North America point to a slowly growing pipeline of demand outside steel.

Industry analysts have noted that vanadium demand from VRFBs could nearly triple by 2040 as long‑duration storage becomes a more integral part of renewable power grids, even if these applications currently represent a small fraction of total consumption. In China alone, installations of large‑scale VRFB systems were projected to consume tens of thousands of metric tons of vanadium pentoxide equivalent in 2025, offsetting some weakness in steel alloying use.

This bifurcation — weak traditional demand versus nascent battery demand — typified H2, producing a market where prices remained subdued, but underlying interest in new applications suggested a shift in fundamentals.

All eyes on Australia’s vanadium potential

Although US Geological Survey data shows Australia doesn’t currently produce vanadium, the nation holds the largest recorded vanadium reserves at more than 8.5 million metric tons.

Looking to tap this potential, the country has focused its attention on the industrial metal.

In January 2025, Australian Vanadium (ASX:AVL,OTCPL:ATVVF) received environmental approval from Western Australia for the Gabanintha vanadium project. The approval, granted by Minister for Environment Reece Whitby under section 45 of the Environmental Protection Act 1986 (WA), cleared the way for construction and production.

Shortly afterwards, the company’s namesake Australian Vanadium project, located in Western Australia’s Murchison province, earned a green energy major project designation.

The Queensland government has also invested in expanding refinement and processing capacity. Last May, construction began at Queensland’s first resources common user facility at the Cleveland Bay Industrial Park in Townsville.

The facility is designed to support the development, extraction and production of critical minerals, enabling the creation of mineral samples at scale and serving as a testing hub for commercializing production processes.

The government has identified vanadium as the initial focus, highlighting its key role in renewable energy applications.

In November, Western Australia launched a AU$150 million vanadium battery energy storage system project, aiming to make the state a leader in renewable energy and energy storage.

The 50 megawatt/500 megawatt-hour flow battery will use locally sourced and processed vanadium, and is expected to be the largest of its kind in Australia, supporting advanced manufacturing and a domestic supply chain.

Growing energy storage demand meets tightening supply

Looking ahead, analysts forecast that vanadium dynamics will begin to tilt in favor of tighter supply and strengthened pricing, though the timing and pace remain contingent on several variables.

A combination of reduced output and rising consumption — particularly from VRFBs — is expected to push the market toward a deficit by late 2026, encouraging a gradual recovery in vanadium prices.

Central to that shift is the energy transition. Demand for vanadium in long‑duration energy storage is projected to rise sharply as utilities and grid operators seek cost‑effective solutions to buffer renewables and stabilize electricity systems.

The vanadium market’s long‑term promise is underpinned by projections that VRFB deployment could grow at double‑digit rates, even as the bulk of demand remains tied to steel alloying.

On the supply side, a cautionary mood among producers — reflected in delayed project developments and tighter output discipline — may limit new material flowing onto the market in 2026.

With prices remaining below historical averages, many potential expansions are unbankable in the current price environment, meaning that new supply additions are likely to be limited absent a sustained price uptick.

“Vanadium market prices are likely to rise from late 2026, supported by tightening supply and growing demand from VRFBs. With weak prices in 2024 and 2025, driven by sluggish steel demand, vanadium producers have curbed output,” a CRU report published this past December notes.

Analysts at CRU project a late-year rebound, but caution that demand could triple by 2040 far outpacing production.

“Meanwhile VRFB demand is accelerating, evidenced by robust vanadium electrolyte project pipeline,” the firm’s report continues. “Rising demand will quickly run into depressed production, where prices will need to increase to support higher utilisation rates in mid-to late 2026.”

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

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Politics

Trump admin sought redactions on key China war game report warning of US military readiness gaps

The Trump administration asked for redactions to a sweeping new Heritage Foundation report modeling a potential U.S.–China war over Taiwan, even though the analysis relied entirely on publicly available, unclassified data, according to the report’s authors.

The redacted report, TIDALWAVE, warns that the United States could reach a breaking point within weeks of a high‑intensity conflict with China — conclusions that the authors say prompted senior national security officials to seek redactions over concerns adversaries could exploit the findings or use them to identify U.S. and allied military vulnerabilities.

Those conclusions include warnings that U.S. forces would culminate far sooner than China, suffer catastrophic losses to aircraft and sustainment infrastructure in the Pacific, and still fail to prevent a global economic shock estimated at roughly $10 trillion, nearly a tenth of global GDP.

According to the report’s authors, the AI‑enabled model drew exclusively on open‑source government, academic, industry and commercial information. An unredacted version of the report was provided to authorized U.S. government recipients for internal use.

Unlike traditional tabletop war games, TIDALWAVE employs an AI‑enabled model that runs thousands of iterations, tracking how losses in platforms, munitions, and fuel compound over time and drive cascading operational failure early in the conflict.

According to a Heritage spokesperson, the report had been shown to ‘high-level national security officials’ who requested some of the specifics be crossed out in black ink before its release to the public. The report still details how quickly U.S. forces could reach a breaking point and why the conflict would carry global consequences.

‘Redactions were made at the request of the U.S. government to prevent disclosure of information that could reasonably enable an adversary to (1) re mediate or ‘close’ critical vulnerabilities that the United States and its allies could otherwise exploit, or (2) identify or exploit U.S. and allied vulnerabilities in ways that could degrade operational endurance, resilience, or deterrence,’ the report said.

A Department of War spokesperson declined to comment on discussions surrounding TIDALWAVE’s publication, but added: ‘The Department of War does not endorse, validate, or adjudicate third-party analyses, nor do we engage publicly on hypothetical conflict modeling. As a general matter, we take seriously the protection of information that, if aggregated or contextualized, could have implications for operational security.’

The White House could not be reached for comment.

The war is decided early

According to the report’s redacted findings, the U.S. would culminate in less than half the time required for the People’s Republic of China in a high-intensity conflict. Culmination is defined as the point at which a force becomes incapable of continuing operations due to the loss of platforms, ammunition and/or fuel.

The report is explicit that the first 30 days to 60 days of a U.S.-China war determine its long-term shape and outcome, as early losses in aircraft, ships, fuel throughput and munitions rapidly compound and cannot be recovered on operationally relevant timelines.

The report concludes that the U.S. is not equipped nor arrayed to protect and sustain the Joint Force in a conflict with China in the Indo-Pacific. Rapid platform attrition, brittle logistics, concentrated basing and insufficient industrial surge capacity combine to force an early operational breaking point for American forces.

Catastrophic losses in the Pacific

The report warns that U.S. reliance on a few large, concentrated forward bases — particularly in Japan and Guam — leaves American airpower dangerously exposed to Chinese missile forces.

In multiple scenarios, up to 90% of U.S. and allied aircraft positioned at major forward bases are destroyed on the ground during the opening phase of the conflict, as runways, fuel depots, command facilities and parked aircraft are hit simultaneously.

Munitions collapse within days

The report finds that critical U.S. precision‑guided munitions — including long‑range anti‑ship missiles, air‑to‑air interceptors and missile‑defense systems — begin to be unavailable within five to seven days of major combat operations. Across most scenarios, those critical munitions are completely exhausted within 35 days to 40 days, leaving U.S. forces unable to sustain high‑tempo combat.

Fuel emerges as the most decisive vulnerability of all. The report makes a critical distinction: the U.S. does not run out of fuel in most scenarios — it loses the ability to move fuel under fire.

Chinese doctrine explicitly prioritizes attacks on logistics vessels, ports, pipelines and replenishment tankers. Even limited tanker losses, port disruptions or pipeline severance are sufficient to drive fuel throughput below survivable levels, forcing commanders to sharply curtail air and naval operations despite fuel remaining in aggregate stockpiles.

China endures far longer

By contrast, China is assessed as capable of sustaining high‑intensity combat operations for months longer under the modeled assumptions.

Chinese ammunition stockpiles of critical munitions begin to be depleted after approximately 20 days to 30 days of major combat operations. However, substitution effects extend China’s ability to sustain combat operations out to months — well beyond the point at which U.S. forces culminate, according to the report.

A $10 trillion global shock

The consequences extend far beyond the battlefield.

The redacted report concludes the U.S. is highly unlikely to prevent massive global economic fallout once a Taiwan conflict begins.

Disruption of shipping lanes, destruction of critical infrastructure and the collapse of Taiwan’s semiconductor production would trigger a global economic shock estimated at roughly $10 trillion, with enduring ripple effects across financial markets, manufacturing and global trade.

Wartime footing for rebuilding the industrial base

The report comes amid years of concern over U.S. military readiness and industrial capacity, as China rapidly expands its naval forces and shipbuilding base.

The U.S. Navy operates a smaller fleet than planned, while American shipyards face workforce shortages, aging infrastructure and chronic delays — even as China, the world’s largest shipbuilder, continues to outpace the U.S. in producing new naval hulls.

War Secretary Pete Hegseth and other military leaders have vowed to put the Pentagon on a wartime footing for industrial capacity.

Deterrence at risk

Perhaps most alarming, TIDALWAVE warns that the scale of losses in the Indo‑Pacific would leave the U.S. unable to deter or respond effectively to a second major conflict elsewhere in the world.

A war over Taiwan could open the door to follow‑on aggression by adversaries such as Russia, Iran or North Korea, fundamentally destabilizing the global security order.

The report is blunt in its assessment: existing Pentagon programs and congressional funding are too slow, too fragmented and too modest to address the scale of the challenge. In many cases, the timeline required to fix critical vulnerabilities exceeds the likely timeline to conflict.

The call to action

To avoid what the authors describe as a strategic defeat, the report urges Congress to immediately expand munitions stockpiles, strengthen fuel reserves and distribution infrastructure, harden and disperse forward bases, and accelerate sustainment and logistics reforms. Without rapid action, the authors warn, the U.S. risks entering a conflict it is structurally unprepared to fight or sustain.

With intelligence warnings mounting that China could move on Taiwan before the end of the decade, TIDALWAVE cautions that the window to correct these deficiencies may be closing faster than Washington is prepared to act.

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Politics

Trump says ‘you’ll find out’ when asked how far he’ll go on Greenland takeover

President Donald Trump fueled fresh uncertainty Tuesday, offering a terse ‘you’ll find out’ when asked at the White House how far he would go to get Greenland.

Trump dismissed concerns that Greenlanders do not want to join the U.S. and that a move to seize the island would undermine the NATO alliance.

In recent weeks, Trump has zeroed in on Greenland, the world’s largest island and a strategic outpost in the Arctic.

The remote, semi-autonomous Danish territory, a NATO ally, hosts a key U.S. military base and occupies a strategic position in an Arctic region growing more competitive as melting ice opens new shipping lanes and access to critical resources.

Trump has repeatedly framed Greenland as a national security necessity, arguing that Russia and China would gain ground in the region if the U.S. does not acquire it.

The latest revelation comes as Trump heads to the snow-capped city of Davos, Switzerland, where global leaders have flocked to attend the World Economic Forum.

The issue of Greenland is likely to dominate the sidelines of the summit as European leaders grapple with Trump’s fresh threat to impose tariffs on countries opposing his Greenland plans.

The threat of additional tariffs comes as his administration awaits a Supreme Court ruling on whether some of the trade duties he imposed in 2025 were legal.

European leaders suggested over the weekend that they would be willing to hit back with retaliatory measures worth up to $107.7 billion.

Trump first raised the idea of acquiring Greenland during his previous term, drawing swift pushback from Denmark and other European leaders, resistance he now appears willing to confront again.

Whether the Trump administration strikes a deal to take over Greenland remains unclear. But as ice melts and competition in the Arctic intensifies, the island’s strategic importance is only likely to grow.

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Politics

Trump floats ‘Board of Peace’ to replace UN, signals major global power shift

President Donald Trump has suggested his proposed ‘Board of Peace’ in Gaza could replace the U.N., underscoring what one national security analyst has described as a revision of the ‘existing international order.’

Asked Tuesday whether he envisioned the new body supplanting the U.N., Trump replied, ‘It might.’

Speaking at a White House press conference, the president also told reporters the U.N. has consistently failed to fulfill its mission.

‘The UN just hasn’t been very helpful. I’m a big fan of the UN, but it has never lived up to its potential,’ Trump said. While arguing the U.N. should continue to exist, he added, ‘The UN should have settled every one of the wars that I settled.’

National security analyst Kobi Michael claimed the proposal already signaled a break with the international order that has defined global politics for decades.

‘The norms, international institutions and organizations and liberalism are out, and real politics, interests and power are in,’ Prof. Kobi Michael, a senior researcher at the Institute for National Security Studies and the Misgav Institute, told Fox News Digital, before adding that ‘the EU is much less important.’

Michael’s comments come as the Trump administration moved forward with plans for the board, an initiative officials say extends far beyond the immediate conflict in the Gaza Strip.

In a statement Jan. 16, the White House said, in alignment with the Comprehensive Plan to End the Gaza Conflict, the ‘Board of Peace will play an essential role in fulfilling all 20 points of the President’s plan, providing strategic oversight, mobilizing international resources, and ensuring accountability as Gaza transitions from conflict to peace and development.’

As previously reported by Fox News Digital, preparations are said to be underway for a signing ceremony in Davos, Switzerland with Bloomberg first reporting the plans.

‘Dozens’ of countries were invited, officials confirmed, with formal invitations sent Friday. Trump extended invitations to leaders from Russia, Belarus, China, Ukraine, India, Canada, Argentina, Jordan, Egypt, Hungary, and Vietnam, among others.

The White House said Trump will chair the Board of Peace and be joined by senior political, diplomatic and business figures, including Jared Kushner, Secretary of State Marco Rubio, U.S. special envoy Steve Witkoff, and billionaire Marc Rowan.

According to Michael, the initiative reflects a new approach to the international system.

‘We are talking about something which is much bigger than the Gaza Strip,’ he said, before describing ‘a revisionist approach of President Trump regarding the existing international order, where the board is a tool in his vision of changing the existing international order.’

Michael said Iran sits at the center of that calculation, as protests engulfed the country amid economic and political pressure.

‘Iran is the real game changer, and we are in front of a very significant and dramatic change, well coordinated with Prime Minister Netanyahu,’ he said.

Russia’s role on the board is uncertain, with the Trump administration extending invitations to Russia and Belarus, with Kremlin spokesman Dmitry Peskov confirming President Vladimir Putin is reviewing the offer.

Michael suggested Moscow’s participation would come with conditions. ‘If Putin is in it, it will be in order to finish the Ukrainian war and be forced to give up on some major demands,’ he said.

‘The president invited Putin to join the board basing an understanding with him about division of power and influence, promising him to relieve sanctions and cut a deal.’

‘Still, alliances are out, whereas allies and regional structures are in,’ Michael added.

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

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Politics

Newsom warns ‘pathetic’ foreign leaders to grow a backbone in bizarre takedown likening Trump to a T.rex

Democratic California Gov. Gavin Newsom slammed foreign world leaders for ‘rolling over’ when confronted by President Donald Trump, declaring he should have brought ‘kneepads’ for foreign dignitaries attending the World Economic Forum in Switzerland.

‘People are rolling over. I should have brought a bunch of kneepads for all the world leaders,’ Newsom told reporters at the World Economic Forum in Davos. ‘It’s just pathetic.’

Newsom is attending the World Economic Forum and is expected to address the forum with a speech Thursday. Trump is set to depart for Switzerland Tuesday evening, which comes as the president levels threats of imposing steep tariffs on a handful of nations as he works to acquire Greenland for the United States.

Greenland is a self-governing island within the Kingdom of Denmark that is located in the Arctic. European leaders have balked at Trump as he intensified rhetoric that it is crucial for the U.S. to take control of Greenland from a national security standpoint.

China has recently intensified its activities in the Arctic region, while Greenland has historically served as a strategic outpost for the military to conduct missile detection during the Cold War.

Newsom said European leaders were ‘being complicit’ with Trump, urging them to ‘have a backbone’ while slamming gifts foreign leaders have given Trump, such as Venezuelan opposition leader María Corina Machado gifting her Nobel Peace Prize to the president in January.

‘This is pathetic,’ Newsom continued in his comment to reporters. ‘Nobel Prizes, they are being given away. I mean, it’s just pathetic. And I hope people understand how pathetic they look on the world stage. I mean, at least from an American perspective. It’s embarrassing.’

Newsom suggested that Trump is ‘playing folks for fools’ and compared Trump to a T. rex who is on the prowl to mate or eat.

‘This is diplomacy with Donald Trump. He’s a T.rex. You mate with him, or he devours you, one or the other. The Europeans could be (devoured) if they continue down this path and process. They need to stand tall, stand firm, stand united,’ Newsom said.

‘Look, a year ago we should have been having this conversation, and they didn’t. And now you’re paying the price — exactly what any one objective observer would have anticipated we’d be where we are today.’

Newsom’s office did not provide additional comment on the governor’s remarks when approached by Fox News Digital Tuesday afternoon.

Amid his meetings in Davos, Newsom was photographed with left-wing billionaire Alex Soros, the son of billionaire philanthropist George Soros, who is also attending the World Economic Forum.

Trump announced in January that he would levy a 10% tariff on Denmark, Norway, Sweden, France, Germany, the U.K., the Netherlands and Finland starting Feb. 1 if no deal to acquire Greenland is reached. The tariffs are bumped to 25% on June 1 if there is no deal at that stage, the president said, which has flared tensions with European leaders.

‘The proposed additional tariffs are a mistake, especially between long-standing allies. The European Union and the United States have agreed to a trade deal last July. And in politics, as in business, a deal is a deal,’ European Commission President Ursula von der Leyen said at the forum.

Trump was asked about Newsom’s presence in Davos Tuesday during a press briefing considering the pair’s ongoing political spats that commonly focus on Trump criticizing the left-wing governor’s policies in the deep blue state.

‘I had a very good relationship with Gavin Newsom when we were, you know, in office together,’ Trump told the media, referring to his first term in the Oval Office. ‘I was president. He was the governor of California. We had a really … he would talk about it often. And, somewhere, we just went astray. I just, I just hate the way California is being run.

‘We actually have people leaving. It’s never happened before, but I hate the way it’s being run. He and I had a very good relationship. Really, close to the word exceptional, but now we seem not to.’

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Politics

Trump rips ‘crooked’ Ilhan Omar as House ramps up investigation into exploding net worth

President Donald Trump slammed Rep. Ilhan Omar, D-Minn., a member of the far-left ‘Squad’ in the House, over her multimillion-dollar net worth during a news conference from the White House Tuesday afternoon.

Trump called the Somali-born lawmaker from Minnesota ‘crooked’ Tuesday amid a probe by congressional Republicans on the House Oversight Committee looking into how Omar’s wealth exploded after she became a lawmaker.

In just one year, Omar’s net worth reportedly jumped $30 million, according to financial disclosures first reported last week.

‘I was told that Ilhan Omar is worth $30 million,’ Trump then quipped. ‘She never had a job. She’s a crooked congressman. So here you – it’s another one.

‘Nobody talks about the fact that $19 billion, at a minimum, is missing in Minnesota, given to a large degree, but, by Somalians — they’ve taken it. Somalians. Can you imagine? And they don’t do it. A lot of very low-IQ people, they don’t do it. Other people work it out, and they get them money, and they go out and buy Mercedes-Benzes.

‘They have no money. They never had money. They never had a life. They never had a government. They never had a country because there’s basically no country. Somalia is not even a country. They don’t have anything that resembles a country. And if it is a country, it’s considered just about the worst in the world. They come here, and they become rich, and they don’t have a job,’ Trump complained from the podium in the White House briefing room before turning his focus to Omar.

Omar denied being a millionaire earlier this year, posting on X that she ‘barely’ has thousands, let alone ‘millions’ and has argued she is being targeted by House Republicans’ investigation.

The concern, according to Republican Oversight Chairman James Comer, is tied to both Omar and her politically connected husband Tim Mynett.

Omar disclosed 2024 evaluations of Rose Lake Capital LLC, a business firm co-founded by her husband, at somewhere between $5 million and $25 million in 2024.

Just one year before, in 2023, she reported that the same company’s value was between $1 and $1,000.

Meanwhile, a winery registered in Santa Rosa, California, that first appeared on Omar’s disclosure reports in 2020, reported a value between $1 million and $5 million in 2024. The company, ESTCRU LLC, was evaluated at just $15,000 to $50,000 the previous year.

Trump on Tuesday took to the White House briefing room to tout his achievements roughly one year after he was sworn in for his second term, including the arrest of thousands of criminals in Minnesota amid his administration’s federal immigration enforcement efforts in the state. Trump also slammed Minnesota and its leaders for the rampant fraud the Trump administration has been investigating involving the state’s large Somalian population.

‘Ilhan Omar, she comes from Somalia, a backward country,’ Trump added from the podium Tuesday. ‘But she’ll come here, and then she wants to tell us how to run our country. ‘The Constitution says that I have a title to this.’ I can’t stand her.’

In addition to House Republicans, officials within the Trump administration have also reportedly indicated they are aware of allegations against Omar and would be looking into them.

Fox News Digital’s Leo Briceno contributed to this report.

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