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Vice President JD Vance brushed off outrage over President Donald Trump sharing a video meme depicting House Minority Leader Hakeem Jeffries in a sombrero, saying he was confused by claims it was ‘racist.’ 

‘Oh, I think it’s funny,’ Vance said Wednesday when asked if posting sombrero memes was ‘helpful’ while trying to reach a government funding agreement with Democrats. ‘The president’s joking and we’re having a good time. You can negotiate in good faith while also poking a little bit of fun at some of the absurdities of the Democrats’ positions and even, you know, poking some, some fun at the absurdity of the Democrats themselves.’ 

‘I’ll tell Hakeem Jeffries right now, I make this solemn promise to you, that if you help us reopen the government, the sombrero memes will stop,’ he quipped. 

Vance joined the White House press briefing Wednesday to address the government shutdown that took effect earlier that morning after Democrat and Republican lawmakers failed to reach a funding bill agreement. The administration has pinned blame on Democrats for the shutdown, arguing members of the party are trying to push through a measure that would provide healthcare to illegal immigrants, which Democratic lawmakers have denied. 

Vance’s response follows Trump posting a meme video Monday to Truth Social that depicted Jeffries wearing a mustache and a sombrero while mariachi music played in the background. Senate Minority Leader Chuck Schumer also was depicted in the video, with an AI-generated voice stating ‘nobody likes Democrats anymore’ due to ‘our woke, trans’ agenda. 

The video included profanities and mocked Democrats as trying to appeal to illegal immigrants as prospective new voters. 

Jeffries, as well as other Democrats and media outlets, characterized the video as ‘racist.’ 

‘Mr. President, the next time you have something to say about me, don’t cop out through a racist and fake AI video,’ Jeffries told reporters Tuesday, according to Politico. ‘When I’m back in the Oval Office, say it to my face.’

Fox News Digital reached out to Jeffries’ office for comment and has not yet received a reply. 

Vance also took issue with media outlets making a point to clarify to viewers that the video was ‘AI-generated,’ pointing to the comical mustache and sombrero in the video that indicated it was a joke. 

‘Hakeem Jeffries said it was a racist, and I know that he said that,’ Vance said. ‘And I honestly don’t even know what that means. Like, is … he a Mexican-American that is offended by having a sombrero meme?’ 

‘And I saw one of the major TV stations put the meme up and then say, this is AI generated. And he had like the curly animated mustache, too. … Do you really not realize the American people recognize that he did not actually come to the White House wearing a sombrero and a black, curly animation mustache, like, give the country a little bit of credit,’ he continued. 

When asked about another AI video Trump shared and then deleted on Truth Social in September — which depicted futuristic-looking ‘med beds’ that can cure illnesses — White House Press Secretary Karoline Leavitt said Trump enjoys sharing memes online. 

‘He likes to share memes. He likes to share videos, he likes to repost things that he sees other people post on social media as well. And I think it’s quite refreshing that we have a president who is so open and honest directly himself,’ she said.

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FBI Director Kash Patel is cutting ties with the Anti-Defamation League that the bureau forged under its former boss James Comey.

‘James Comey disgraced the FBI by writing ‘love letters’ to the ADL and embedding agents with an extreme group functioning like a terrorist organization and the disgraceful operation they ran spying on Americans. That was not law enforcement, it was activism dressed up as counterterrorism, and it put Americans in danger,’ Patel told Fox News Digital.

‘That era is finished. This FBI formally rejects Comey’s policies and any partnership with the ADL,’ he added.

On May 8, 2017, Comey addressed the Anti-Defamation League National Leadership Summit in Washington, D.C. and declared his and the FBI’s ‘love’ for the organization. He began by referencing a 2014 speech which he called a ‘love letter to the ADL,’ adding, ‘Three years later I can say, from the perspective of the FBI, we’re still in love with you.’

‘We are not only educating ourselves, we are working with the ADL to build bridges in the communities we serve,’ Comey said in his 2017 speech. 

‘For more than 100 years, you have advocated for fairness and equality… And for all of that, we are grateful. As a law enforcement and national security agency, yes. But also as Americans. As humans,’ Comey said.

He concluded his speech with the words, ‘Love, the FBI.’

The ADL has recently faced backlash from Elon Musk and Republican lawmakers for listing Turning Point USA (TPUSA), Charlie Kirk’s organization, as an extremist group. As a result, the group removed its entire ‘Glossary of Extremism and Hate’ on Tuesday.

‘With over 1,000 entries written over many years, the ADL Glossary of Extremism has served as a source of high-level information on a wide range of topics for years. At the same time, an increasing number of entries in the Glossary were outdated,’ the ADL wrote on X regarding the glossary. ‘We also saw a number of entries intentionally misrepresented and misused.’

The organization also said that retiring the glossary would allow it ‘to explore new strategies and creative approaches to deliver our data and present our research more effectively.’

‘It will keep us focused on ensuring we do what we do best: fighting antisemitism and hate in the most impactful ways possible.’

The outrage comes nearly three weeks after Kirk was assassinated during an event at Utah Valley University.

‘The FBI was taking their ‘hate group’ definitions from ADL, which is why FBI was investigating Charlie Kirk [and] Turning Point, instead of his murderers,’ Musk wrote in a post on X. In a separate post, Musk referred to the ADL as ‘a hate group.’

Rep. Anna Paulina Luna, R-Fla., said the organization needed to explain its categorization of TPUSA.

‘Seems to me like if they don’t agree with you, they will label you a ‘hate group,’’ Luna wrote on X.

TPUSA’s backgrounder page on the ADL website falls under the ‘Center of Extremism’ tag and describes the conservative group as having ties to ‘a range of right-wing extremists and has generated support from anti-Muslim bigots, alt-lite activists and some corners of the white supremacist alt-right.’

Fox News Digital contacted the ADL for comment but did not immediately receive a response.

Fox News Digital’s Elizabeth Pritchett contributed to this report.

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Speaker Mike Johnson, R-La., is accusing Senate Minority Leader Chuck Schumer, D-N.Y., of refusing to vote to end the government shutdown in order to kowtow to his left-wing base.

Johnson told Fox News Digital in a sit-down interview that Democrats’ refusal to budge on their current position came up in an hour-long call he held with President Donald Trump on Wednesday afternoon.

‘[Trump is] very bothered by that, that Chuck Schumer would do this, Democrats would do this, because we haven’t,’ the top House Republican said.

He noted that Democrats had voted on a similar measure to what Republicans are offering on 13 different occasions under former President Joe Biden.

‘And even when the Republicans were in the minority, we did the right thing to keep the government open. And we fully expected that Schumer would do that again, as he always has, but not this time,’ Johnson said.

‘This is a selfish political calculation he’s made, that he’s got to prove to the far left that he’s going to fight Trump or something. So we talked about our frustration with that.’

He said Trump appeared ‘happy’ that Republicans remain unified in their federal funding stance but was concerned about the effects of a prolonged shutdown on everyday Americans.

‘But the reason we’re happy about that is because we know we’re doing the right thing for the American people,’ Johnson said. ‘And Chuck Schumer and the Democrats are demonstrating that they are willing to inflict this pain upon the people for their own political purposes. And I think that is a tough thing for them to get over.’

He said of a meeting between congressional leaders and Trump that occurred on Monday, ‘I tried my best in the White House, and he just is in no mood to have a real discussion about these issues. So we are where we are.’

Senate Democrats have now rejected a GOP-led plan to fund federal agencies through Nov. 21 three times.

The measure is called a continuing resolution (CR) and is aimed at buying House and Senate negotiators more time to reach a deal on fiscal year (FY) 2026 federal funding priorities.

The CR would keep current federal funding levels roughly flat while adding an extra $88 million in security spending for lawmakers, the White House, and the judicial branch.

Democrats, furious at being largely sidelined in funding discussions, have signaled they would not accept any bill that does not also extend Obamacare tax subsidies that were enhanced during the COVID-19 pandemic. Those enhanced subsidies are due to expire at the end of this year.

But Johnson, who called the Obamacare subsidies an ‘end-of-year issue,’ argued that the bill was a simple extension of federal funding, leaving Republicans with no realistic path for concessions.

‘If it was not clean and simple, if I had loaded it up with a bunch of Republican partisan priorities, then there would be something for us to negotiate. I could take those things off and offer it again. I sent it over with nothing attached at all,’ he said.

‘It quite literally is just buying us time to finish the appropriations process, which was being done in a bipartisan manner. So I don’t have anything to give, there’s nothing I can give. And Chuck Schumer has made such outrageous counter-demands and proposals that he’s the one that has to come to his senses.’

He was referring to Democrats’ counter-proposal for a CR, which would have repealed the Medicaid reforms made in Republicans’ One Big, Beautiful Bill, while restoring funding for NPR and PBS that was cut by the Trump administration earlier this year.

Fox News Digital reached out to Schumer’s office for a response but did not hear back by press time.

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President Donald Trump is open to talks with North Korean leader Kim Jong Un ‘without any preconditions,’ a White House official said, as South Korea’s unification minister warned Pyongyang’s missiles could reach the U.S. mainland.

‘President Trump in his first term held three historic summits with North Korean Leader Kim Jong Un that stabilized the Korean Peninsula. U.S. policy on North Korea has not changed,’ a White House official told Fox News Digital. ‘President Trump remains open to talking with Kim Jong Un, without any preconditions.’

South Korean Unification Minister Chung Dong-young used blunt language in Berlin this week, telling reporters, ‘North Korea has become one of the three countries capable of attacking the U.S. mainland,’ according to the Yonhap News Agency. ‘What needs to be acknowledged should be acknowledged rationally.’

The White House did not respond to Fox News Digital’s request for comment on Chung’s claim.

Yonhap also reported that Chung said Pyongyang’s ‘strategic position is different’ than in 2018, when Trump and Kim held their first summit in Singapore. 

‘Acknowledging this reality should be the starting point’ in dealing with the regime, Chung told reporters.

But experts say North Korea has long held the capability to reach the U.S. mainland with intercontinental ballistic missiles. 

‘They’ve tested ICBMs for a long time,’ said Bob Peters, senior research fellow for strategic deterrence at the Heritage Foundation.

‘The question, then, for a long time, is, do they have a warhead that can go underneath a nose cone on an ICBM that goes by definition, exo atmospheric, comes down and then hits a target with some semblance of accuracy and then detonate and produce a nuclear yield,’ Peters added. ‘That’s been the real question — do they have that capability? That’s not what it sounded like the South Korean minister said.’

Meanwhile, Kim has said dialogue with the U.S. is possible, but on his terms. 

‘If the United States drops the absurd obsession with denuclearizing us and accepts reality, and wants genuine peaceful coexistence, there is no reason for us not to sit down with the United States,’ state media quoted Kim as saying.

A meeting with Kim would make Trump’s fourth sit-down with the dictator, at a time when his nation has once again grown increasingly hostile to U.S. interests. 

In July, the White House said Trump ‘remains open to engaging with Leader Kim to achieve a fully denuclearized North Korea.’ But North Korea asserted it would not meet the U.S. president if he was going to demand denuclearization. 

On Monday, North Korean Vice Foreign Minister Kim Son Gyong told the United Nations General Assembly that his country will never give up its nuclear program, Reuters reported.

Trump is scheduled to travel to Asia later this month for an economic leaders’ summit with South Korean President Lee Jae-myung. A senior U.S. official said no Demilitarized Zone meeting with Kim is currently on the agenda.

Reports have suggested Trump may meet Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation summit, Oct. 30-Nov. 1, though plans are still being finalized. 

In a call last month, Xi invited Trump and first lady Melania Trump to visit China. Trump returned the invitation. 

The same official said progress on nuclear talks depends on China. 

‘The first thing that would need to happen is for the Chinese to acknowledge and be more transparent about its own programs,’ the official said.

U.S. estimates put China’s nuclear arsenal at about 600 warheads in 2024, with projections of 1,000 by 2030. North Korea is believed to possess roughly 50 warheads, with enough fissile material for up to 90.

Pyongyang last year declared an ‘irreversible hegemonic position’ after test-firing its Hwasong-19 intercontinental ballistic missile, which North Korea has claimed can strike the American mainland.

Trump is strengthening deterrence even as he keeps the option of ‘talks without preconditions’ open.

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Bipartisan talks on reopening the government began to materialize less than a day into the shutdown, with Republicans and Democrats trying to find a middle ground on expiring Obamacare tax credits.

The federal government entered its first full day of a shutdown on Wednesday, and so far neither side of the aisle is willing to buckle as the hours ticked by.

Still, in the middle of Senate Republicans’ third attempt to pass the House GOP’s short-term funding extension, a group of nearly a dozen senators huddled on the floor in the first public display of negotiations so far.

‘There are glimmers of hope, and I think they’re bipartisan,’ said Sen. Richard Blumenthal, D-Conn., who was in the huddle.

The conversations on the floor came as Republicans demanded that Democrats yield and provide the votes to reopen the government, while Senate Minority Leader Chuck Schumer, D-N.Y., doubled down on his position that Democrats wouldn’t budge without ‘serious’ movement on Obamacare premium subsidies.

‘Donald Trump and Republicans have barreled us into a shutdown because they refuse to protect Americans’ healthcare,’ Schumer said. ‘It’s clear that the way out of this shutdown is to sit down and negotiate with Democrats to address the looming healthcare crisis that faces tens of millions of American families.’

Senate Majority Leader John Thune, R-S.D., appears willing to slowly chip away at Senate Democrats through a de facto war of attrition and plans to bring House Republicans’ bill to the floor for a vote again and again.

The Senate will be out on Thursday to observe Yom Kippur but is expected to return Friday and possibly vote into the weekend on the continuing resolution (CR) that would reopen the government until Nov. 21 to give lawmakers more time to finish work on the dozen spending bills needed to fund the government.

Thune told Fox News Digital that he expected to talk to Schumer ‘in the next day or two.’

‘He’s indicated that he’s interested in doing that,’ Thune said. ‘I’m not sure what we’ll achieve by that, but I think there are, I mean, things seem to be moving on their side. We just keep telling them to ‘give us — open up the government, and we’ll get on with regular business.’’

Thune and Senate Republicans have argued that Senate Democrats’ rejection of the GOP’s CR is hypocritical, given that when former President Joe Biden was in office, Schumer and his caucus routinely voted for ‘clean’ extensions — like the GOP’s current proposal.

But the issue for Democrats was multifaceted. 

Sen. Tim Kaine, D-Va., was among the many lawmakers holding a confab on the Senate floor, and while he didn’t divulge full details of the private talks, he said a major issue for him was about ensuring that a ‘deal is a deal.’

‘Anything we agree to, because it’s not a clean CR if the president will tear it up tomorrow,’ he said. ‘In the past, we voted for clean CRs, but the president has shown that he’ll take the money back.’

Among the options tossed around in the huddle were a 10-day funding extension once floated by Schumer, which he quickly shot down earlier this week, or passing the Republican plan to actually give lawmakers time to negotiate a solution to the expiring tax credits.

Sen. Peter Welch, D-Vt., said there were no high-level discussions quite yet, but that any path forward had to be ‘enforceable.’

‘The bottom line here is that I sense real concern among my Republican colleagues about what happens to the people they represent if we go off the cliff on the Affordable Care Act,’ he said, referring to Obamacare.

And Sen. Mike Rounds, R-S.D., who helped facilitate the conversation, said it’d be ‘great’ if lawmakers were able to get something figured out before the Nov. 21 deadline in the GOP’s bill, but that he and other Republicans were still pushing Democrats to support their legislation.

‘It’s not like there’s anything that they should be objecting to with regard to what’s in the existing bill,’ he said. ‘This is their hostage, and we’re just telling them, ‘Look, we’ve got support on the other side to fix the issues that you have a concern about, but it’s going to take time to negotiate those through.” 

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Recent Russian incursions into NATO airspace have sharpened divisions inside the alliance over how to respond, exposing both the strength and the limits of collective defense.

Secretary General Mark Rutte clashed with Estonian Prime Minister Kristen Michal last week after Estonia invoked NATO’s Article 4 clause, which triggers consultations when a member feels its security is threatened.

According to three European officials granted anonymity to speak freely, Rutte argued that repeated invocations risked diluting the treaty’s force. One source said he even raised his voice at Michal, warning that NATO must be cautious about how often it signals alarm.

Rutte argued that if Article 4 were invoked every time Russia violated sovereignty — through drone incursions, fighter jets, cyberattacks and more — it would quickly lose impact, according to the officials.  

A NATO spokesperson confirmed Rutte and Michal spoke Friday and said the secretary general ‘has supported Estonia throughout the process.’

Rasmus Ruuda, director of the Government Communication Office of Estonia, told Fox News Digital Rutte ‘expressed support for Estonia and the Prime Minister thanked NATO for its actions.’

‘Article 4 is just a signal that we’re taking note of what happened,’  said Giedrimas Jeglinskas, a Lithuanian member of parliament and former NATO assistant secretary general. ‘We can be invoking Article 4 every week, and I think that only weakens us, because we’re unable to truly respond to that aggression that Russia is sort of throwing at us.’

The tension comes after a series of provocative moves by Moscow. Last month, missile-carrying Russian MiG-29s flew into Estonian territory, following an earlier breach of Polish airspace by 19 drones and repeated incursions over Romania. In Poland, jets scrambled to intercept the drones, shooting some of them down. It marked the first time since World War II that Polish armed forces mobilized to engage an airborne threat over their homeland.

The Russian jets in Estonia were eventually escorted out of its territory by Italian F-35s. Estonia’s Article 4 request followed Poland’s own invocation days earlier, prompting another round of consultations in Brussels.

Since its creation in 1949, Article 4 has been triggered only nine times. NATO’s warning to Russia after the Estonian request was blunt: any further breaches would be met with ‘all means’ of defense. Estonia’s defense minister said his nation was prepared to shoot down Russian planes violating airspace ‘if there is a need.’ 

But Jeglinskas said signaling without consequence risks leaving the alliance trapped.

‘We’re happy to do Article 4 every other day, but so what? What’s next?’ he said. ‘The real question is what happens when the jets actually enter our airspace.’

The debate cuts to a deeper question: what constitutes a ‘need’ to shoot down Russian jets? How can Russia be deterred without stumbling into direct war?

‘The last thing we want is to have NATO get drawn into a war with Russia,’ a senior State Department official told Fox News Digital. ‘God knows how that ends.’

‘Almost all wars … they don’t necessarily start with a big bang,’ the official went on. ‘They start with an escalation, and then somebody feels they need to respond to this, and then you just get in a toxic spiral.’

The United States has promised to defend ‘every inch’ of NATO while pressing Europe to bear more of its own defense burden. Washington’s mixed signals have only complicated matters.

Trump administration officials long favored reducing the U.S. troop presence in Europe. But President Donald Trump recently delivered one of the starkest warnings to Moscow, declaring that NATO states should shoot Russian aircraft down if they incur on their territory.

Jeglinskas said the statement resonated across the Baltic States. ‘What was really helpful was that President Trump was very clear,’ he said. ‘That gives us confidence we’re on the right track, and we really appreciate the support.’

Still, allies remain divided on whether to escalate. Some warn that Eastern Europe cannot credibly threaten retaliation without an American security guarantee. Others argue that deterrence depends on showing Russia its incursions carry a cost.

‘If we really want to send a proper message of deterrence to Russia, we need to be prepared to use kinetic force,’ Jeglinskas said. ‘That means neutralizing those jets — shooting them down or finding other ways to impose consequences — so Russia actually feels the cost of its incursions. That hasn’t happened yet, and it leaves us vulnerable.’

The airspace disputes now extend beyond fighter jets. European Union members are meeting in Copenhagen this week to discuss shoring up air defenses after a wave of drone sightings. Denmark briefly shut down its airspace following mysterious drone activity, while Lithuania’s Vilnius airport and Norway’s Oslo airport also reported disruptions. Drones have even been spotted over Germany’s northern state of Schleswig-Holstein.

‘We are not at war, but we are no longer at peace either. We must do much more for our own security,’ German Chancellor Friedrich Merz said in Düsseldorf.

NATO jets scrambled to intercept drones over Poland, but the response underscored a growing mismatch: deploying multi-million dollar fighters to counter small, unmanned aircraft is neither efficient nor sustainable.

‘NATO remains the most crucial element of our security equation,’ Jeglinskas said. ‘It’s the backbone through which our security is viewed. There’s really no doubt about NATO’s political will and its capability to defend its territory, but warfare is changing — and the question now is, has NATO adapted to the new way of war that is seeping through the borders of Ukraine?’

Jeglinskas warned that neither NATO nor the Baltic States have done enough. ‘The Polish incursion signified that NATO is not fully ready to counter these threats,’ he said. ‘Scrambling jets is a tremendous economic mismatch. If these kinds of attacks become swarms, it’s not sustainable.’

To address mounting threats, NATO last month launched Operation Eastern Sentry, reinforcing its presence on Europe’s eastern flank. Jeglinskas welcomed the move but said gaps remain.

‘Jets are very important, but more jets don’t mean we’re more secure from low-altitude drones,’ he said. ‘The question is: do we have sensors that can detect what’s happening from the ground up to a kilometer into our airspace? We don’t see that. It’s like a dead space.’

Jeglinskas called for stronger short- and medium-range radar, as well as layered defenses akin to Israel’s Iron Dome, capable of intercepting drones with both kinetic and electronic means.

‘NATO’s response is commendable,’ he said, ‘but it’s not enough. You need technical know-how, the right capabilities, and systems that are truly integrated if you want to make this work.’

For now, NATO remains caught between signaling resolve and acting on it. As Russia continues to test the alliance’s borders, Jeglinskas and other Eastern European officials warn that credibility is at stake. The next incursion, they argue, may demand more than words.

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Rejecting reports of a split with the brass, the Department of War says the National Defense Strategy was ‘seamlessly coordinated’ with senior civilian and uniform leaders — and that ‘any narrative to the contrary is false.’

On Monday, The Washington Post reported that multiple senior officers had raised concerns about the forthcoming strategy, pointing to a divide between political leadership.

Deputy Secretary of War Steve Feinberg pushed back on Wednesday, in an on-the-record statement to Fox News Digital.

‘The Department’s National Defense Strategy has been seamlessly coordinated with all senior civilian and military leadership with total collaboration — any narrative to the contrary is false,’ Feinberg said.

A senior War Department official said the strategy was the product of ‘extensive and intensive’ collaboration across the department.

The drafting team included a policy lead, a Joint Staff deputy and representatives from the military services who consulted widely with civilian and uniformed offices.

Under Secretary of War for Policy Elbridge Colby and the acting deputy under-secretary for policy, Austin Dahmer, met with leaders from every group. The official called that level of policy-shop engagement ‘unprecedented.’

Air Force Gen. Dan Caine, who chairs the Joint Chiefs of Staff, provided feedback directly to Secretary of War Pete Hegseth and Colby, the official said, and both assured him his input would be reflected in the final draft.

The Post report said political appointees in the Pentagon policy office led the drafting and described unusually sharp pushback from some commanders over priorities and tone. 

The War Department disputes that characterization and says the document was coordinated at the principal level and aligned closely with the National Security Strategy.

The pushback comes a day after Hegseth addressed hundreds of commanders at Marine Corps Base Quantico.

In a 45-minute speech, he argued the force needs tougher standards and a tighter focus on warfighting. He has recalled one-star and above officers from around the world to brief in person and has removed several senior general officers as part of a broader overhaul.

Hegseth says new directives will restore rigorous physical, grooming and leadership standards and require combat roles to meet one set of physical benchmarks.

The Washington Post did not immediately respond to Fox News Digital’s request for comment. 

Fox News Digital’s Jasmine Baehr and Morgan Phillips contributed to this report.

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Lithium Americas (TSX:LAC,NYSE:LAC) has reached an agreement with General Motors (NYSE:GM) and the US Department of Energy (DOE) to unlock the first $435 million installment of a landmark federal loan for its Thacker Pass lithium project in Nevada.

The company confirmed on Wednesday ( October 1) that the DOE will receive warrants giving it a 5 percent equity interest in Lithium Americas and a parallel 5 percent economic interest in the Thacker Pass joint venture with GM.

The arrangement is part of the terms for advancing the first tranche of a US$2.23 billion federal loan approved in 2024 to finance construction of the project, which is set to be the largest source of lithium in the western hemisphere.

The DOE also agreed to defer US$182 million of debt service over the first five years of the loan, while Lithium Americas will post an additional US$120 million into reserve accounts within a year of the funds being drawn.

Located about 25 miles south of the Oregon border, Thacker Pass has been cast as central to Washington’s push to cut reliance on Chinese-controlled processing and narrow the gap with global lithium producers in Australia and Chile.

Phase 1 of the project is designed to produce 40,000 metric tons of battery-grade lithium carbonate annually—enough to support roughly 800,000 electric vehicles.

At present, US domestic lithium output is negligible, limited to Albemarle’s (NYSE:ALB) Silver Peak operation in Nevada, which produces fewer than 5,000 metric tons a year.

By comparison, China processes more than three-quarters of the world’s raw lithium into battery-grade material.

Washington’s share finalized

The DOE stake comes after weeks of speculation over the size of Washington’s equity interest.

According to sources in late September, Trump officials had pressed for up to 10 percent, with Lithium Americas countering by offering no-cost warrants for 5 to 10 percent of its shares. The final agreement settled at the low end of that range.

The warrants issued to DOE will allow the department to appoint an observer to the joint venture’s board meetings for as long as it retains its economic stake.

If exercised in full, the ownership structure of the Thacker Pass joint venture will be 59 percent Lithium Americas, 36 percent GM, and 5 percent DOE.

Voting control, however, will remain split 62 percent to Lithium Americas and 38 percent to GM.

“We greatly appreciate the support of the Administration, General Motors and our partners in advancing this vital world-class project,” said Jonathan Evans, president and CEO of Lithium Americas.

“Together, we are onshoring large-scale US lithium production, strengthening America’s supply chain, creating exceptional jobs and enhancing our long-term energy security and prosperity”

For Washington, the agreement marks the latest in a series of moves by the Trump administration to take minority positions in companies deemed critical to US industrial and national security interests.

US Energy Secretary Chris Wright said in a statement that the Thacker Pass deal “helps reduce the country’s dependence on foreign adversaries for critical minerals by strengthening domestic supply chains.”

Shares of Lithium Americas surged more than 30 percent in pre-market trading Wednesday following the announcement, extending a rally that began last month when reports of a potential federal equity stake first surfaced.

The stock had spiked more than 90 percent in late September after Reuters reported the Trump administration’s push for ownership, jumping from about US$3 to over US$6.

Construction at Thacker Pass is already underway, with more than 600 contractors on site. The mine and processing plant are expected to reach full commercial output in 2028.

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

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Gold continued to set new records on Wednesday (October 1), nearly reaching US$3,900 per ounce.

After spending the summer months consolidating, the yellow metal began pushing higher toward the end of August.

It quickly reached US$3,500 and continued past US$3,600, US$3,700 and US$3,800; gold rose as high as US$3,895 per ounce on Wednesday before retreating back to the US$3,850 mark by 2:00 p.m. EDT.

The yellow metal is up over 10 percent in the last month, and about 44 percent year-to-date.

Gold price, June 30 to October 1, 2025.

Gold’s latest rise comes after US Congress failed to reach an agreement on a spending bill ahead of the new fiscal year on Tuesday (September 30), triggering a government shutdown.

Democrats and Republicans had been at loggerheads as Democrats pushed for changes to the bill, including an extension to billions of dollars in subsidies for Obamacare, and as President Donald Trump threatened thousands of permanent layoffs — not just temporary furloughs — in the event of a shutdown.

Beyond current events, gold’s rise is underpinned by factors like strong central bank buying, global geopolitical uncertainty, concerns about the US dollar and other fiat currencies and expectations of lower interest rates.

Those factors have many experts predicting a rise beyond US$4,000, potentially before the end of the year, although a correction is widely expected beforehand.

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

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Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) pleased to announce its immediate entry into the sodium nickel chloride (SNC) (or previously referred as sodium alumina solid state (SAS)), battery market in Australia, Europe and United States of America through a strategic collaboration and distribution agreement with the current largest SNC battery manufacturer AMPower, a subsidiary of the Chilwee Group.

Highlights

– Altech signs collaboration agreement with AMPower for early market entry into Europe, Australia and the USA

– AMPower presently produces conventional zebra design sodium nickel chloride batteries for Uninterrupted Power Supply (UPS) and are developing BESS and traction batteries

– Altech’s CERENERGY(R) batteries use the same sodium nickel chloride chemistry, but are especially designed for high performance energy storage systems (ESS)

– Altech and AMPower will cooperate on sodium nickel BESS development. Each partner will have the authority to distribute the co-developed BESS under its own brand

– AMPower will manufacture energy storage packs in accordance with Altech specifications and supervision under Altech branding and distribution

– Altech gains immediate market entry and presence for sodium nickel chloride batteries to establish its energy storage battery market especially in Europe and Australia

– CERENERGY(R) cell technology I/P will not be shared with AMPower

– Altech’s CERENERGY(R) 120 MWh battery project development in Germany remains on track

– Preliminary funding approval from the German Government for 46.7 million Euro having been received

Chilwee is the third largest e-mobility battery manufacturer in China, with an annual turnover of US$20 billion, 23,000 employees, and production capabilities spanning lead-acid, lithium-ion, sodium-ion, and next-generation battery technologies. AMPower currently manufactures conventional Zebra-type sodium nickel chloride (Na/NiCl2) solid-state batteries-using the same chemistry as CERENERGY(R)-but mainly for the small Uninterrupted Power Supply (UPS) industrial market. AMPower was originally established as a joint venture with General Electric to produce sodium nickel chloride UPS batteries under the Durathon brand.

In the initial phase, AMPower will produce sodium nickel chloride solid state UPS batteries for Altech which will be under Altech brand, supervision and specification for distribution across Australia, Europe, and the USA. This strategy provides a faster pathway to cash flow for Altech.

This will strengthen the market presence and branding of Altech while the company advances and secures funding for its CERENERGY(R) 120 MWh energy storage project in Germany.

Several battery models that will be offered by Altech immediately are shown above. These sodium nickel chloride UPS batteries are completely fireproof, featured long cycle life, and operate reliably in both extreme heat and cold. A key advantage of these sodium nickel chloride UPS batteries is their capacity to stay fully charged, idle, and instantly ready for discharge for more than 10 years-without the need for regular maintenance or the frequent replacements required by leadacid, lithium-ion or Ni-Cad batteries. These UPS batteries also serve a unique niche in explosion-proof environments or locations where lithium-ion batteries are restricted or banned. To capture this market, Altech has recruited a team of experienced marketing professionals to drive the sales process.

ESS Batteries

In the second phase, AMPower, with its available production capacity, intends to manufacture sodium nickel chloride batteries for the household, industrial, and grid-scale energy storage markets.

AMPower currently has a production capacity of approximately 100 MWh per annum, with the ability to scale up to 200 MWh per annum. Altech and AMPower will cooperate on small and medium size sodium nickel BESS development. Each partner will have the authority to distribute the codeveloped BESS under its own brand. AMPower will produce sodium nickel chloride BESS for Altech, under Altech brand and sales managed by Altech in the three key markets Europe, Australia and the USA. This arrangement will generate additional cash flow over and above the UPS sales, while building product credibility and brand recognition, paving the way for the CERENERGY(R) 120 MWh large scale industrial energy storage project in Germany.

This collaboration fast-tracks the commercialisation of Altech’s sodium nickel chloride (Na/NiCl2) solid-state battery technology, enabling immediate production of Altech-branded battery packs to meet growing customer demand, reinforced by strong interest from existing offtake partners. Crucially, the arrangement excludes any transfer or sharing of Altech’s proprietary IKTS CERENERGY(R) battery cell technology with AMPower, ensuring complete protection of Altech’s intellectual property. And vice versa, AMPower will not transfer or share AMPowers Durathon(R) battery cell technology with Altech, ensuring complete protection of the intellectual property of GE and Chilwee.

Under the agreement, AMPower will manufacture the battery cells, integrate the battery management and thermal systems, and assemble the grid-ready battery packs. AMPower will also provide customers with the required warranties and performance guarantees for the grid systems. Altech will define the technical specifications and operational modes tailored to a range of energy storage and BESS applications, while overseeing production, branding, regional certifications, marketing, and distribution across Europe, the United States, and Australia. All products produced by AMPower on requirements of Altech will be marketed under the Altech brand and interface, and will comply with international battery standards. This collaboration positions Altech to fast-track its entry into the grid battery market and establish an immediate commercial presence across its key regions.

BENEFITS FOR AMPOWER

AMPower’s current facility is operating at an annual production rate of approximately 100 MWh, primarily supplying the small-scale UPS commercial market with 20-30 kWh battery units. The company has the ability to scale production to 200 MWh per annum with minimal additional capital investment. By supplying Altech’s grid-scale battery packs, AMPower will be able to substantially increase its individual cell production volumes, unlocking greater economies of scale and reducing overall unit costs. Altech will provide the sales expansion needed to drive this market entry and support the ramp-up of AMPower’s operations.

BENEFITS FOR ALTECH

Altech’s new go-to-market strategy is designed to accelerate commercial progress and operational readiness while delivering early financial returns. By launching UPS and grid-scale battery packs ahead of commissioning its CERENERGY(R) plant in Germany, Altech will establish a steady revenue stream to offset operational costs and reduce reliance on external funding during the transition to full-scale production. Early market entry enables Altech to build a customer base across key regions-including Australia, Europe, and the United States-while strengthening brand recognition and market credibility.

This first-mover advantage also mitigates risks from competing battery technologies, as Altech’s sodium nickel chloride (Na/NiCl2) batteries gain real-world application experience ahead of rivals.

The collaboration further provides Altech with direct exposure to battery production and systems integration, offering hands-on experience in areas such as BESS assembly, energy management systems, and system thermal control. These practical insights will support the refinement and optimisation of Altech’s CERENERGY(R) battery packs.

SAME CHEMISTRY – ORIGINAL TECHNOLOGY

ZEBRA cells originally designed in the early 90s employ the same sodium nickel chloride (Na/NiCl) cell chemistry that forms the basis of Altech’s CERENERGY(R) technology, however with an entirely different geometry and use profile. This proven chemistry is inherently non-flammable, highly tolerant of extreme temperatures, and delivers long cycle life with stable performance. ZEBRA batteries are particularly well suited for UPS systems and smaller energy storage applications.

CERENERGY(R) represents the next generation of sodium nickel chloride technology, featuring an advanced tubular design that enhances thermal management, improves electrochemical efficiency, and delivers higher energy density beside simplifying the manufacturing process whilst increasing quality, reliability and performance. Its simplified architecture reduces inactive material, substantially lowers system costs, and increases reliability-making it a scalable and robust solution for grid – scale stationary energy storage. Notably, the new cell design delivers a 2.6-fold increase in capacity, rising from 38 Ah to 100 Ah, marking a significant leap in performance. In addition CERENERGY(R) feature a number of other improvements in terms of material composition, electrode design and composition, which are part of the confidential IP and shall not be publicised.

Importantly, the cooperation with AMPower ZEBRA UPS batteries followed by small and medium size energy storage systems with the branding of Altech helps build market acceptance of sodium nickel chloride technology while fully complementing, rather than competing with, the development of the CERENERGY(R) grid scale battery storage production project in Germany.

Altech Group Managing Director Iggy Tan said:

‘Altech is experiencing exceptional interest in our sodium nickel chloride solid-state battery technology, especially from customers seeking safer, more reliable alternatives to lithium-ion. These batteries are inherently fireproof, perform reliably in extreme temperatures, and offer strong environmental credentials – making them an ideal fit for the needs of the stationary energy storage market. Growing concerns over battery fire risks, particularly in data centres and AI facilities, are further accelerating demand. Our collaboration with AMPower enables immediate production, and our offtake customers are eager to secure supply. With special focus on UPS as well as small and medium size energy storage this early market entry strategy is augmenting and not competing with the large scale grid energy storage Cerenergy Battery strategy. By moving quickly to meet this demand, Altech is positioning itself as a leader in what we see as the next major wave in battery storage innovation.’

To view details of the Agreement, please visit:
https://abnnewswire.net/lnk/PEUQAPMZ

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

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