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Ari Fuld’s murderer walked free last month.  

Ari was an American who moved to Israel in the 1990s. A father of four, he devoted his life to defending our country’s greatest ally, serving in the Israeli military and then supporting it every way he could after retiring. But in 2018, a Palestinian terrorist walked up behind him at a shopping mall and stabbed Ari in the back. While he survived for a few minutes — long enough to chase the terrorist and even shoot at him — Ari’s wounds were too severe. He was dead within the day. 

Ari’s murderer was released from Israeli prison as part of that country’s deal for the return of hostages Hamas took on October 7, 2023. While that’s deeply unfortunate, what’s even more unjust is that his murderer’s family has been paid hundreds of dollars a month because he killed an innocent American. They’re benefiting from an evil Palestinian program known as ‘pay-for-slay.’ 

Ari’s loved ones have fought back. Since the 1990s, thanks to an act of Congress, American victims and their families have been able to file civil lawsuits against the terrorists who targeted them. Congress has strengthened that law in the face of legal challenges, most notably through the 2019 ‘Promoting Security and Justice for Victims of Terrorism Act.’  

Now, on April 1, the Supreme Court will hear arguments over whether that law is constitutional. The case is named after Ari Fuld, and his loved ones are asking the justices to side with them over Palestinian terrorists. The justices should do so, upholding America’s ability to deter even more terrorists from killing our citizens. 

Ari’s family are far from the only ones who’ve encountered the injustice of Palestinian pay for slay. The Palestinian Authority alone spends nearly $350 million a year to the families of terrorists who died killing innocent people, including Americans.  

The program is so huge, it even has a formal name in the Palestinian Authority: the ‘Martyr’s Fund.’ While the PA recently claimed to have ended pay-for-slay, its leadership has since made clear it’s not going anywhere. Its very existence encourages more Palestinians to take a murderous road. They know that if they kill as many people as possible, including Americans, their families will be rewarded for years to come. 

American victims absolutely deserve the right to sue those who aid and abet this blatant evil. The constitutional case is clear, as plenty of legal groups have shown to the court. Lower courts agreed the U.S. government has legal authority to impose criminal liability on foreign groups that murder Americans, but ruled that allowing civil cases to go forward would be ‘fundamentally unfair.’ Not true. There’s nothing unfair about requiring those who murdered Americans to face civil penalties for their evil actions, just as they must face consequences in criminal cases. 

And the moral case is even more obvious. No American should have to worry that if a terrorist kills their son or daughter, their mother or father, the terrorist’s family will be richly rewarded. If that happens, Americans should be able to sue whoever or whatever is doling out the blood money. After all, if anyone should be compensated for the killing of an innocent, it should be the victims. Justice demands nothing less. 

For the Supreme Court, this should be an easy decision. But Congress also needs to do the hard work of ending the Palestinian pay-for-slay altogether. Congress should immediately pass the ‘PLO and PA Terror Payments Accountability Act,’ authored by Arkansas Republican Sen. Tom Cotton and New York Republican Rep. Mike Lawler.  

The bill would impose strong sanctions on any person or organization involved in paying terrorists for murdering innocent people. The Palestinian groups that reward murderers, along with their foreign backers, would think twice if their own finances were crippled. America’s leaders should do everything possible to hold them accountable and end the killing. 

Ari Fuld’s killer may be free, but his family’s quest for justice should be allowed to continue. Most importantly, no American family should ever again suffer like they have.  

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Secretary of Defense Pete Hegseth said Friday that the Trump administration intends to boost military ties with the Philippines to strengthen deterrence against Chinese aggression in the disputed South China Sea.

The assurance came during a meeting with President Ferdinand Marcos Jr. in the Philippines, part of Hegseth’s trip to Asia to reaffirm Washington’s ‘ironclad’ commitment to the region under the administration of President Donald Trump.  

‘Deterrence is necessary around the world but specifically in this region, in your country, considering the threats from the communist Chinese,’ Hegseth told Marcos. ‘Friends need to stand shoulder to shoulder to deter conflict, to ensure that there is free navigation whether you call it the South China Sea or the West Philippine Sea.’

‘Peace through strength is a very real thing,’ Hegseth said, praising the Philippines for standing ‘very firm’ to defend its interests in the contested waters.

China claims virtually the entire South China Sea, a major security and global trade route. The Philippines, Vietnam, Malaysia, Brunei and Taiwan also have overlapping claims to the resource-rich and busy waters, but confrontations have spiked between Chinese and Philippine coast guard and naval forces in the last two years.

Chinese forces have used powerful water cannons and dangerous maneuvers in the high seas to block what Beijing said were encroachments by Philippine ships into China’s waters. Chinese military aircraft have also approached Philippine patrol planes at alarmingly close distances to drive them away from the Scarborough Shoal, a hotly disputed fishing atoll in the disputed waterway.

Hegseth echoed that pledge by expressing ‘the ironclad commitment’ of Trump and him ‘to the Mutual Defense Treaty and to the partnership.’

Marcos told the U.S. defense chief that by visiting the Philippines first in Asia, he ‘sends a very strong message of the commitment of both our countries to continue to work together to maintain peace in the Indo-Pacific region, within the South China Sea.’

‘We have always understood the principle that the greatest force for peace in this part of the world would be the United States,’ Marcos said.

Hegseth’s visit to the Philippines comes a month before the longtime treaty allies hold their largest annual combat exercises that will include live-fire drills. 

The defense secretary’s visit comes as he faces calls back home for his resignation for texting attack plans to a Signal group that included top-level U.S. security officials and the editor-in-chief of The Atlantic magazine.

The Associated Press contributed to this report.

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The availability of CWENCH Hydration in Healthy Planet and Farm Boy, both of which are leading retailers in Ontario, will further enhance visibility and availability of the product as its market share continues to increase.

Cizzle Brands Corporation (Cboe Canada: CZZL) (OTCQB: CZZLF) (Frankfurt: 8YF) ( the ‘Company’ or ‘Cizzle Brands’) , is pleased to announce that each of Healthy Planet and Farm Boy are now carrying CWENCH Hydration in their stores across Ontario. CWENCH Hydration is Cizzle Brands’ flagship product, which is currently available in over 1,800 points of distribution across North America.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250327421058/en/

CWENCH Hydration, seen on shelves at Healthy Planet above, is now available at Healthy Planet and Farm Boy. Both retailers have a large presence in Ontario.

Healthy Planet is a 38-store chain operating across the province of Ontario. It carries a wide range of vitamins, herbs, supplements, grocery, and hygiene products, and offers its customers access to holistic nutritionists and naturopathic doctors to assist with purchasing decisions. Healthy Planet is carrying all five CWENCH Hydration Ready-to-Drink (‘RTD’) beverage flavours, as well as the 10-count and 315-gram formats of the Hydration Mix powder, and all four varieties of CWENCH protein blend. In addition to availability in all 38 of Healthy Planet’s stores, the full lineup of CWENCH products is also sold through Healthy Planet’s online store . CWENCH Hydration’s RTD, which is made in Canada, is also being featured in Healthy Planet’s main flyer (for March 6 through April 2) under its Proudly Canadian Sale , with an additional front-page feature on Healthy Planet’s Sports Nutrition flyer (for March 13 through April 2).

Part of the Empire Company family of grocery stores, which includes Sobey’s and FreshCo, Farm Boy is a ‘Fresh Market’ chain of 51 stores across the province of Ontario. To start, 21 Farm Boy stores are carrying CWENCH Hydration RTD in the Blue Raspberry , Cherry Lime , and Rainbow Swirl varieties.

Both the Healthy Planet and Farm Boy chains have a significant presence in key Ontario markets that include the Greater Toronto Area, London, Kitchener/Waterloo/Cambridge, and Ottawa. These store locations are expected to help CWENCH Hydration gain further market penetration in leading Canadian population centres.

Cizzle Brands’ Founder, Chairman, and Chief Executive Officer John Celenza commented, ‘We hand-picked both Healthy Planet and Farm Boy as some of the newest retailers to be carrying CWENCH Hydration in Ontario, as they have a proven reputation throughout the province as leaders in their respective categories, particularly with respect to health-focused hydration products such as CWENCH. We are grateful for the enthusiasm towards CWENCH Hydration that both chains have displayed, as this support is key for sustaining momentum and driving sales growth. Our team looks forward to continuing to work with Healthy Planet and Farm Boy, as we continue commercializing CWENCH Hydration as a leading sports hydration brand that is only continuing to grow.’

Healthy Planet Director of Purchasing Imran Shaikh commented, ‘We are excited to be adding CWENCH Hydration to our product selection, as with a solid range of electrolytes, no sugar, and all-natural ingredients, we believe that it aligns well with what health-oriented consumers are looking for when it comes to hydration options. The Cizzle Brands team has proven to be helpful and engaging every step of the way, and we look forward to working together in bringing CWENCH Hydration to our customer base.’

About Cizzle Brands Corporation

Cizzle Brands Corporation is a sports nutrition company that is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several elite sports, Cizzle Brands has launched two leading product lines in the sports nutrition category: (i) CWENCH Hydration, a better-for-you sports drink that is now carried in over 1,800 stores in Canada, the United States, and Europe; and (ii) Spoken Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF Certified for Sport® qualification. All Cizzle Brands products are designed to help people achieve their best in both competitive sports and in living a healthy, vibrant, active lifestyle.

For more information about Cizzle Brands, please visit: https://www.cizzlebrands.com/

For more information about CWENCH Hydration, please visit: https://www.cwenchhydration.com

Notice Regarding Images and Links: This press release may contain images and/or links to outside web pages, which could play an important role in providing the full context of the news update being conveyed through this press release. Some news aggregation services may remove these images and/or links at their discretion. Therefore, readers are encouraged to access SEDAR+ or the News section of the Cizzle Brands Corporation website to view this press release containing all images and/or links as originally published.

On behalf of the Board of Directors of the Company,

Cizzle Brands Corporation

‘John Celenza’

John Celenza, Founder, Chairman, and Chief Executive Officer

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains ‘forward-looking information’ which may include, but is not limited to, information with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, such as, but not limited to: new products of the Company and potential sales and distribution opportunities. Such forward-looking information is often, but not always, identified by the use of words and phrases such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or variations (including negative variations) of such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company.

Forward looking information involves known and unknown risks, uncertainties and other risk factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, financing, capitalization and liquidity risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors change.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250327421058/en/

Setti Coscarella
Head of Corporate Development
investors@cizzlebrands.com
1-844-588-2088

News Provided by Business Wire via QuoteMedia

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Lithium ION Energy Limited (TSXV: ION) (FSE: ZA4) (‘ION’ or the ‘Company’) is pleased to share that it has entered into a binding Joint Venture Agreement with SureFQ Ltd. (‘SureFQ’) for the advancement of the Urgakh Naran project in Mongolia, in which ION will continue to hold a 20% free carried interest through to commercial production.

Highlights:

  • Proven DLE operator looking to deploy modular capacity
  • USD$5.5 in cash considerations to ION over 4.5 years
  • USD$8.0M in development expenditure for UN over 4 years
  • ION to maintain 2.5% NSR in perpetuity

‘This milestone is a testament to the ION team’s perseverance to deliver upon a strategic partnership that ensures the advancement of our UN asset at a time of historical low Lithium prices; demonstrating a path to production with associated upside that benefits our shareholders. We continue to see Urgakh Naran as an asset with significant potential and are excited to bring on a partner with proven technology that ensures revenue generation expeditiously,’ said Ali Haji, CEO & Director – Lithium ION Energy Ltd.

‘SureFQ is thrilled to support this transformative partnership, which not only accelerates the development of the Urgakh Naran project, but also underscores the resilience and foresight of the ION team. In a challenging lithium market, strategic collaborations like this pave the way for sustainable growth and long-term value creation. We look forward to the positive impact this venture will have on the industry and stakeholders alike,’ said Hao Qu, CEO – SureFQ.

The Joint Venture agreement was signed effective March 26, 2025. The transaction is expected to close by July 1, 2025, subject to TSXV approval.

Debt Settlement

The Company further announces that it has negotiated debt settlements with certain non-arm’s length creditors (the ‘Debt Settlement‘). Pursuant to the Debt Settlement and subject to acceptance by the TSXV, the Company has agreed to settle an aggregate amount of $120,000 in debt, in consideration for which it will issue an aggregate of 3,000,000 common shares of the Company at a deemed price of $0.04 per share.

All securities issued in relation to the Debt Settlement will be subject to a hold period expiring four months and one day after the date of issuance in accordance with applicable securities laws and the policies of the TSXV. Completion of the Debt Settlement remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV.

Related Party Transaction

The conversion of debt to shares by insiders will be considered a ‘related party transaction’ pursuant to Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘) requiring the Company, in the absence of exemptions, to obtain a formal valuation for, and minority shareholder approval of, the ‘related party transaction’. The Company is relying on an exemption from the formal valuation requirements of MI 61-101 available, because no securities of the Company are listed on specified markets, including the TSX, the New York Stock Exchange, the American Stock Exchange, the NASDAQ or any stock exchange outside of Canada and the United States other than the Alternative Investment Market of the London Stock Exchange or the PLUS markets operated by PLUS Markets Group plc. The Company is also relying on the exemption from minority shareholder approval requirements set out in MI 61-101 as the fair market value of the participation in the Offering by the insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. It is likely the Company will not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering as the Company wishes to close the Offering in an expeditious manner.

Update On Contemplated Business Combination

ION also announces that it is no longer pursuing the contemplated business combination transaction with United Rare Earths as previously announced on October 29, 2024. Following a thorough review of the contemplated transaction by the Board, a collective decision was arrived at not to pursue the transaction. The Board continues to evaluate additional Lithium and critical metal projects to align with our strategic objectives.

About Lithium ION Energy Ltd.

Lithium ION Energy Ltd. (TSXV: ION) (FSE: ZA4) is committed to exploring and developing high quality lithium resources in strategic jurisdictions. ION’s flagship 65,000+ hectare Baavhai Uul lithium brine project, represents the largest and first lithium brine exploration licence award in Mongolia. ION also holds the 29,000+ hectare Urgakh Naran highly prospective lithium brine licence in Dorngovi Province in Mongolia. With the acquisition of the Bliss Lake and Little Nahani projects in NWT, Canada, ION has enhanced its lithium asset and jurisdiction profile. ION is well-poised to be a key player in the clean energy revolution, positioned well to service the world’s increased demand for lithium. Information about the Company is available on its website, www.ionenergy.ca, or under its profile on SEDAR+ at www.sedarplus.ca.

About SureFQ Ltd.

SureFQ is dedicated to advancing innovative and sustainable solutions in the lithium and energy sectors. As a strategic investment and development firm, SureFQ focuses on fostering high-potential projects that drive the global energy transition. Leveraging SureFQ’s extensive industry expertise and technological capabilities, SureFQ plays a pivotal role in accelerating lithium resource development and deploying cutting-edge extraction technologies. Through its partnerships and investments, SureFQ is committed to ensuring a stable and efficient supply of critical materials for the clean energy revolution.

For further information:

COMPANY CONTACT: Ali Haji, ali@ionenergy.ca, 647-871-4571
COMPANY CONTACT: Hao Qu, quhao@litioconstante.com

Cautionary Note Regarding Forward-Looking Information

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

Information set forth in this news release contains forward-looking statements. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including with respect to the proposed business combination and the Company’s operations after completion thereof, and other words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘will’, or ‘plan’. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, including with respect to the entering into of the proposed joint venture with SureFQ and the Company’s operations after the completion thereof. Important factors that could cause actual results to differ materially from ION Energy’s expectations include, among others, regulatory approvals, the ability to negotiate and implement definitive agreements, uncertainties relating to availability and costs of financing needed in the future, changes in equity markets, risks related to international operations, the actual results of current exploration activities, delays in the development of projects, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of lithium, and the ability to predict or counteract other factors relevant to the Company’s business. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246288

News Provided by Newsfile via QuoteMedia

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Stardust Power Inc. (‘Stardust Power’ or the ‘Company’) (Nasdaq: SDST), an American developer of battery-grade lithium products, today announced its results for the year ended December 31, 2024.

Full Year Business Highlights

Operational highlights for the full year 2024 include:

  • Listing on the Nasdaq: Completion of the Business Combination and subsequent listing on the Nasdaq Global Market (the ‘Nasdaq’).
  • Purchase of refinery site: On December 16, finalized the purchase of 66-acre site in Muskogee, Oklahoma, for a total consideration of approximately $1.7 million.
  • Permitting and approvals: Secured the necessary stormwater discharge permit and received administrative approval for the Air Permit, with the technical approval pending. The Oklahoma Department of Environmental Quality has accepted our application as a minor source for emissions, and we believe we are on track for final stage approvals.
  • Personnel hire and director appointment: Chris Celano as Chief Operating Officer, bringing over 20 years of energy sector leadership and international drilling and mining experience and Martyn Buttenshaw to the Board of Directors, offering extensive metals and mining industry experience to support the Company’s U.S. lithium supply chain efforts.
  • Capital raise: During the year a total of $6.4 million of capital raised consisting of $2.8 million equity and $3.5 million debt funding general operational, engineering and corporate uses.

Subsequent Events since Year End 2024

  • Broke ground on centrally located site: On January 22, 2025, the Company held a groundbreaking ceremony in Muskogee, Oklahoma, marking a major business milestone. This event, attended by key local and state officials, also marked the beginning of groundwork and preparation for heavy construction commencing once Final Investment Decision is reached.
  • KMX Technologies licensing agreement: Signed definitive agreement with KMX Technologies for advanced VMD concentration technology, granting access across the U.S., Canada, and select international markets for lithium production. The technology is expected to help the Company reduce energy consumption, water usage and logistics costs, while improving the economic and environmental performance of operations.
  • Equity raise and warrant inducement: In January 2025, the Company raised $5.75 million through an equity transaction with a large institutional investor, issuing 4,792,000 shares of common stock at $1.20 per share along with 4,792,000 cash warrants at an exercise price of $1.30. Additionally, on March 17, 2025, the Company entered into a warrant inducement agreement with the same investor, generating approximately $2.9 million in gross proceeds for the exercise of 4,792,000 warrants at a revised exercise price of $0.62.

‘As we move forward, we are focused on executing our business plan and achieving key milestones that are crucial for meeting the growing demand for secure U.S. supply chains and energy independence. The successful Nasdaq listing in 2024, alongside the recent acquisition and groundbreaking of our strategic site in Muskogee, Oklahoma, is a significant step in our journey. With strong support from new hires, key partnerships, like the Agreement with Sumitomo, and strategic investments in innovative technologies, we are positioning ourselves for growth and value creation in the lithium sector,’ commented Roshan Pujari, CEO and Founder of Stardust Power.

Full Year 2024 Financial Highlights

  • For the year ended December 31, 2024 i.e. the current year, the Company incurred a net loss of $23.8 million and for the period from March 16, 2023 (inception date) through December 31, 2023 i.e. the prior period, the Company incurred a net loss of $3.8 million, the increase being driven by higher administrative expenses in connection with being a public company and to complement an increased scope of operations.
  • Loss per share was $0.55 for the current year, compared to $0.09 for the prior period, the increase being driven primarily by higher general and administrative costs due to personnel related costs and finance charges for short term loans.
  • Net cash used in operating activities totaled $9.7 million for the current year, compared to $3.0 million for the prior period, the increase driven by continued investment in operations, hiring of key talent and certain expenses related to the close of the Business Combination.
  • Net cash used in investing activities was $4.8 million for the current year, compared to $0.3 million for the prior period, the increase driven by the purchase of land, engineering, initial capital investments made in the anticipated building of the refinery, strategic investments and promissory notes given to partners.
  • Net cash provided by financing activities was $14.1 million during the current year, compared to $4.6 million for the prior period. The increase was driven primarily by $11.6 million in cash received from subscription agreements entered around the time of the closing of the Business Combination, short term loans and exercise of warrants. Funds were used to meet working capital needs, capital investments and to pay for some of the transaction costs related to the Business Combination.

Annual Report on Form 10-K

The Company’s financial statements and related footnotes will be available in its Annual Report on Form 10-K for the year ended December 31, 2024, which is expected to be filed with the U.S. Securities and Exchange Commission (‘SEC’) by 28 March, 2025.

Conference Call Details

Participants may access the call by clicking the participant call link to ask questions: https://register-conf.media-server.com/register/BIa452f3fd54bf4f7486c84cbbebebf5e4 .

Upon registering at the link, you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.

You can also access the call via live audio webcast using the website link to listen in: https://edge.media-server.com/mmc/p/39cnop5g

Participants should log in at least 15 minutes early to receive instructions. The earnings call will be available on the Company website following the event.

About Stardust Power

Stardust Power is a developer of battery-grade lithium products designed to supply the electric vehicle (EV) industry and bolster America’s energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium refinery in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol ‘SDST.’

For more information, visit www.stardust-power.com

Cautionary Statement Regarding Forward-Looking Statements

This press release and any oral statements made in connection herewith include ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as ‘anticipate,’ ‘appears,’ ‘approximately,’ ‘believe,’ ‘continue,’ ‘could,’ ‘designed,’ ‘effect,’ ‘estimate,’ ‘evaluate,’ ‘expect,’ ‘forecast,’ ‘goal,’ ‘initiative,’ ‘intend,’ ‘may,’ ‘objective,’ ‘outlook,’ ‘plan,’ ‘potential,’ ‘priorities,’ ‘project,’ ‘pursue,’ ‘seek,’ ‘should,’ ‘target,’ ‘when,’ ‘will,’ ‘would,’ or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.

These forward-looking statements are subject to a number of risks and uncertainties, including the ability of Stardust Power to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of Stardust Power to grow and manage growth profitably, maintain key relationships and retain its management and key employees; risks related to the price of Stardust Power’s securities, including volatility resulting from recent sales of securities, issuance of debt, and exercise of warrants, changes in the competitive and highly regulated industries in which Stardust Power plans to operate, variations in performance across competitors, changes in laws and regulations affecting Stardust Power’s business and changes in the combined capital structure; the regulatory environment and our ability to obtain necessary permits and other governmental approvals for our operation; Stardust Power’s need for substantial additional financing to execute our business plan and our ability to access capital and the financial markets; worldwide growth in the adoption and use of lithium products; the Company’s ability to enter into and realize the anticipated benefits of offtake and license and other commercial agreements; risks related to the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities; the substantial doubt regarding the Company’s ability to continue as a going concern and the need to raise capital in the near term in order to maintain the Company’s operations; the Company’s continued listing on the Nasdaq; and those factors described or referenced in filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2024, which is expected to be filed with the SEC by March 28, 2025. The foregoing list of factors is not exhaustive. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change.

We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

Stardust Power Contacts

For Investors:

Johanna Gonzalez
investor.relations@stardust-power.com

For Media:

Michael Thompson

media@stardust-power.com

News Provided by GlobeNewswire via QuoteMedia

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Gold has seen rapid price gains in 2025 — is its move past US$3,000 per ounce sustainable?

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, said although the metal’s ascent has been quick, it’s underpinned by strong fundamentals.

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

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Danielle DiMartino Booth, CEO and chief strategist at QI Research, shares her US economic outlook, saying layoffs and bankruptcies are putting the Federal Reserve in a ‘tight position.’

She sees the central bank potentially cutting rates four to five times in 2025.

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

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Fury Gold Mines (TSX:FURY,NYSEAMERICAN:FURY) announced that its acquisition of Québec Precious Metals (QPM) (TSXV:QPM,OTCQB:CJCFF) is advancing on schedule, on track to reach completion before April 30.

The deal, announced in February, aims to consolidate a 157,000 hectare portfolio of gold and critical minerals projects in Québec, positioning the combined company for enhanced exploration and growth.

QPM has obtained both a no-objection letter from Corporations Canada and an interim order from the Québec Superior Court. These allow it to proceed with an April 22 meeting where shareholders will vote on the proposed acquisition.

For its part, Fury has secured conditional approvals from the Toronto Stock Exchange and NYSE American.

QPM’s shareholder circular, which is now available on SEDAR+, outlines the details of the merger and includes updated financial disclosures from Fury. Notably, Fury expects to record a non-cash impairment charge as of December 31, 2024, to align the carrying value of its mineral properties with its market capitalization.

Under the terms of the agreement, QPM shareholders will receive 0.0741 Fury shares for each QPM share, valuing QPM at approximately C$0.04 per share — a 33 percent premium based on closing prices as of February 25.

Upon completion of the deal, Fury shareholders will own approximately 95 percent of the combined company, while QPM shareholders will hold the remaining 5 percent.

“This transaction is an exciting opportunity given it doubles Fury’s land package in the Eeyou Istchee James Bay Region of Quebec and unites complementary assets, teams, and investor bases, which should ultimately increase shareholder value at both companies,’ Fury CEO Tim Clark said, describing the transaction as a transformational step.

Normand Champigny, CEO of QPM, echoed this sentiment, commenting, ‘By combining with Fury, QPM’s shareholders will benefit from the synergies and cost savings of leveraging the combined company’s excellent management team for funding and obtaining required permits to continue drilling at Sakami.”

The merger will significantly expand Fury’s footprint in Québec’s resource-rich Eeyou Istchee James Bay region.

QPM’s flagship Sakami project, a 70,900 hectare gold and lithium property, has demonstrated strong exploration potential, with drilling identifying gold mineralization across widths of up to 75 meters and depths of up to 500 meters.

Its Elmer East project contains a 4.2 kilometer gold- and base metals-bearing structure, where grab samples have returned gold values as high as 68.1 grams per metric ton, alongside significant zinc and copper concentrations.

Beyond gold and lithium, QPM brings a strategic rare earths asset into the combined portfolio.

The Kipawa heavy rare earth elements project, in which QPM holds a 68 percent interest, hosts a historically defined 2013 reserve estimate of 19.8 million metric tons. It has road access and is in proximity to infrastructure.

While the transaction is moving forward as planned, it remains subject to various conditions, including approval from at least two-thirds of QPM shareholders, and final court and regulatory approvals.

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

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