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Jindalee Lithium Limited (Jindalee, or the Company; ASX: JLL, OTCQX: JNDAF) is pleased to report significant progress on two fronts: the successful completion of the 2025 drilling program at the McDermitt Lithium Project and continued advancement of plans to list McDermitt on a US national exchange.

  • 2025 drilling program highly successful with excellent sample recovery achieved
  • Samples have been prepared for assay with results expected early Q1 2026
  • High-quality core samples retained for metallurgical testwork (lithium and magnesium)
  • Exclusivity period extended with Constellation by 45 days

Drilling Program Completed

The large diameter core drilling program announced early November 20251 at the Company’s 100% owned McDermitt Lithium Project (McDermitt, Project), one of the largest lithium deposits in the United States (US) and of global significance2 (Figure 1), has been successfully completed.

The program comprised 5 PQ3 (8.5cm diameter) core holes to obtain samples for metallurgical testwork to further optimise lithium recoveries, as well as unlock value from the significant magnesium endowment at McDermitt, via the value optimisation program announced late October 20253. The drilling also provided valuable geological and geotechnical data on the deposit. All drill sites have now been rehabilitated and core logged, cut and samples prepared for assay with results (including lithium and magnesium) expected early Q1 2026.

Exclusivity Extended as US Listing Strategy Advances

Further to the Company’s announcement on 9 September 20254 regarding the non-binding Letter of Intent (LOI) with Constellation Acquisition Corp. I (Constellation), Jindalee is pleased to report continued progress on the proposed US listing of HiTech Minerals Inc. (HiTech), the Company’s wholly owned US subsidiary and owner of the McDermitt Lithium Project. The proposed transaction involves a merger between HiTech and Constellation, creating a US-listed vehicle to advance McDermitt.

Work on the binding Business Combination Agreement (BCA) has made substantial progress, with both parties continuing to engage constructively and in good faith. To support this work, Jindalee and Constellation have agreed to extend the initial 90-day exclusivity period under the LOI by a further 45 days. The extension reflects the progress made to date and the shared intent to finalise a BCA that provides a clear pathway to completing the proposed transaction.

Jindalee’s Managing Director and CEO Ian Rodger commented: “We are delighted to announce completion of the 2025 drilling program at McDermitt and thank the team for helping make the program such a success. We now look forward to sharing assay results as they become available and to commencing metallurgical testwork designed to improve lithium recoveries and investigate the potential for valuable magnesium by-products to enhance Project economics. In parallel, we continue to make solid progress on the transaction to list McDermitt on a US national securities exchange, with the short extension to the exclusivity period reflecting both parties’ intent to finalise the Business Combination Agreement in good faith.”

Click here for the full ASX Release

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Oil prices climbed higher on Monday (December 1) as an escalation in US-Venezuela tensions reached a fever pitch, offsetting weeks of losses driven by oversupply expectations.

The shift also came after the Caspian Pipeline Consortium (CPC), a key transit route that carries about 1 percent of global oil, halted operations over the weekend. The company reported that a mooring point at its Russian Black Sea terminal was damaged in a Ukrainian drone attack, temporarily curbing exports.

Ukraine has also targeted two oil tankers heading toward Novorossiysk, further rattling market sentiment.

The supply shock landed just as OPEC+ opted to leave production levels unchanged for Q1 2026.

The group had signaled the possibility of a pause as early as November, seeking to avoid exacerbating what analysts feared could become a sizeable glut. The decision provided a modest anchor for traders recalibrating expectations.

“For some time, the narrative has centred on an oil glut, so OPEC+’s decision to maintain its production target provided some relief and helped stabilise expectations for supply growth in the coming months,” Anh Pham, senior analyst at data provider LSEG, explained to Reuters.

Even with Monday’s rise, both Brent and WTI futures settled lower this past Friday (November 28). This marked their fourth straight monthly decline and the longest losing streak since 2023.

Venezuela condemns US “colonialist threat”

A far more dramatic source of volatility also emerged from Washington over the weekend.

On Saturday (November 29), US President Donald Trump declared that “the airspace above and surrounding Venezuela” should be considered closed, posting a warning on social media.

Trump also told service members last week that US forces would “very soon” begin land-based operations targeting Venezuelan drug-trafficking networks. Further, reports surfaced that the White House and Caracas had held a tense, last-ditch phone call aimed at defusing a worsening standoff.

According to sources cited by the Miami Herald, Washington told President Nicolás Maduro he could secure safe passage for himself, his wife Cilia Flores and his son only if he stepped down immediately. The conversation stalled as Venezuela refused to surrender control of its armed forces or agree to Maduro’s resignation.

Washington has been increasingly aggressive toward what it describes as Venezuela’s Cartel de los Soles, which US officials accuse Maduro and senior leaders of operating.

Last month, the Department of State’s decision to designate the cartel a foreign terrorist organization placed Maduro, Diosdado Cabello and Vladimir Padrino López in the same legal category as al-Qaeda and ISIS.

Caracas condemned the aggression, labeling it as a “colonialist threat” seeking support from its allies.

On Sunday (November 30), Maduro issued an appeal to fellow OPEC members, urging the bloc to help counter what he described as “growing and illegal threats” from the United States.

In a letter published by state broadcaster TeleSUR, he accused Washington of trying to “seize” Venezuela’s oil reserves and warned that US military pressure could disrupt the global energy market.

“I hope to count on your best efforts to help stop this aggression, which is growing stronger and seriously threatens the balance of the international energy market, both for producing and consuming countries,” Maduro wrote.

Venezuela exported just US$4.05 billion worth of crude oil in 2023, far below other major producers, due largely to US sanctions imposed during Trump’s first term.

Brent crude stood at US$62.76 per barrel on Tuesday (December 2) morning, while WTI was trading at US$58.93.

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

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President Donald Trump told reporters aboard Air Force One Sunday that he would release the results of an MRI he had done in October.

‘If they want to release it, it’s OK with me to release it,’ Trump said. ‘It’s perfect.’ 

‘If you want to have it released, I’ll release it,’ he told reporters as he traveled back to Washington, D.C., after spending the Thanksgiving weekend at Mar-a-Lago.

A reporter asked Trump what part of the body the MRI was focused on in the scan.

‘I have no idea,’ the president responded. ‘What part of the body? It wasn’t the brain because I took a cognitive test and I aced it. I got a perfect mark.’

The White House released a memo on Oct. 10 from Sean Barbabella, the White House physician, that said Trump underwent advanced imaging as part of a scheduled follow-up evaluation at Walter Reed National Military Medical Center.

Barbabella said the evaluation was part of the president’s ongoing health maintenance plan and included laboratory testing and preventive health assessments.

‘Comprehensive laboratory studies performed in conjunction with the visit were exceptional, including stable metabolic, hematologic, and cardiac parameters,’ the memo read in part.

A reporter previously asked White House press secretary Karoline Leavitt in early November at a White House press briefing about releasing the results of the MRI because it is a very specific procedure and not generally routine. 

‘As I said, I’ll check back for you,’ Leavitt responded.

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An unlikely alliance in the House of Representatives is seeking to reform the U.S. criminal justice system.

The House is expected to consider a bill this week that would force the federal government to create a vast database of existing federal criminal laws and regulations, which its supporters hope will be a stepping stone to cutting down what they see as an exceedingly cumbersome bureaucratic web.

The bill is being led by Rep. Chip Roy, R-Texas, with support from Reps. Andy Biggs, R-Ariz., Lucy McBath, D-Ga., and Steve Cohen, D-Tenn.

It’s not often that progressives can be seen teaming up with members of the conservative House Freedom Caucus, but concerns like government overreach have been known to bring together unusual coalitions within Congress.

‘This, for me, was driven by the fact that I think we have far too many federal crimes and that the American people often don’t know what they are,’ Roy told Fox News Digital. ‘There’s lots of different ways in which you can be criminally liable for something you don’t even know about, and that’s insane.’

The Texas Republican said crimes like assaults, stabbings and thefts were ‘basic, Ten Commandments–like laws’ that necessarily carried penalties — but he argued there were thousands more rules, including dictating regulatory violations, that posed issues for everyday Americans.

‘There are all sorts of regulatory things under the [Environmental Protection Agency] that frankly make criminals out of Americans by virtue of just how they engage.  It might be a farmer just using their land or range or whatever. And suddenly they are a criminal,’ he said.

‘I mean, there’s been people who have gone to jail for violations of, essentially, what was regulations — maybe those are all extensions off of some statute way back when, but when you have a generic statute on environmental protection that then turns into a thousand different codes that if you break, you’re somehow violating law, that’s a big problem.’

Biggs complained of the lack of accounting for regulatory offenses Americans are accused of in a statement earlier this year.

‘We have a duty to protect Americans’ right to liberty, and this begins with scaling down the massive overreach in federal criminal offenses,’ Biggs said.

McBath said the bill means, ‘Americans will no longer have to fear being excessively punished, and criminal justice professionals can better protect the public.’

In addition to creating the new database, the bill would also direct the Department of Justice (DOJ) to report how many cases have been prosecuted under each offense over the last 15 years.

It could get a vote in the House as soon as Monday evening, though it’s possible consideration is pushed until later this week.

While bipartisan cooperation is rare in the current Congress, Roy has been known to reach across the aisle on key issues before. He and several other Republicans are working with Democrats on legislation to ban stock trading for Capitol Hill lawmakers.

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Tensions between NATO and Russia sharpened Monday after the alliance’s top military commander said member states are considering whether they must become ‘more aggressive’ in confronting Moscow’s hybrid threat campaign.

Admiral Giuseppe Cavo Dragone, chairman of NATO’s military committee, told the Financial Times the alliance is evaluating if it should be ‘proactive instead of reactive,’ including the possibility of ‘preemptive’ cyber or sabotage operations.

Dragone said such actions could still fall under defensive doctrine, saying, ‘It is further away from our normal way of thinking or behavior.’

Dragone pointed to the Baltic Sentry mission, launched this year to counter Russian-linked sabotage at sea, saying that ‘from the beginning of Baltic Sentry, nothing has happened. So this means that this deterrence is working.’

He added: ‘Being more aggressive compared with the aggressivity of our counterpart could be an option, but Dragone also admitted that NATO and its members had much more limits than our counterpart because of ethics, because of law, because of jurisdiction. It is an issue. I don’t want to say it’s a loser position, but it is a harder position than our counterpart’s.’

Moscow immediately pushed back. Russian Foreign Ministry spokesperson Maria Zakharova called Dragone’s comments ‘an extremely irresponsible step’ and accused NATO of signaling it is willing ‘to move toward escalation,’ according to Russian state media.

Carrie Filipetti, executive director of the Vandenberg Coalition and a former senior State Department and official at the U.S. mission to the United Nations, told Fox News Digital that, ‘Given Russia’s unilateral invasion of Ukraine in 2022, the idea that Russia is warning about NATO being irresponsible is laughable. Putin has been given numerous opportunities to end the war peacefully and has refused them all because of his own expansionist goals. NATO is simply reacting to his aggression.’

‘Regarding U.S. involvement,’ she explained, ‘Article 5 merely states that an attack on one is an attack on all. NATO adopting a more assertive position does not obligate the U.S. to do the same. We are only required to take ‘such action as [we] deem necessary’ – and that, only in the case of an attack on a NATO state.’

General Bruce Carlson, U.S. Air Force (ret.) and former director of the National Reconnaissance Office, told Fox News Digital, ‘Let’s not forget it’s Russia who is conducting preemptive military action in Europe with the sole intention of invading and occupying another sovereign nation’s territory by force.’ 

Carlson added, ‘Putin only understands one thing and that’s power. No one has strengthened NATO more than President Trump, and it is critical that we use every lever possible to push Russia to the negotiating table to achieve a lasting and sustainable peace deal that protects Ukraine’s sovereignty and defends U.S. national security interests.’

The warnings come amid a steady drumbeat of Russian-linked activity that NATO officials say falls under hybrid warfare. The alliance says it faces daily cyberattacks that can be traced to Moscow, alongside information operations, migration pressure, and repeated targeting of critical infrastructure.

A series of sabotage incidents in late 2024 triggered a major NATO review. Several undersea data cables and a key power link were damaged that November and December, including on Dec. 25. Prosecutors in Finland accused the crew of a Cook Islands–flagged tanker of dragging an anchor for more than 50 miles and severing infrastructure, though a Finnish court later dismissed the case, ruling national law did not apply.

More recently, roughly 20 drones crossed into NATO member Poland in September, prompting Warsaw to trigger Article 4 consultations. Polish Prime Minister Donald Tusk said at the time it was ‘the closest we have been to open conflict since World War II,’ while Moscow denied targeting Polish territory.

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President Donald Trump described it as ‘very important’ that ‘nothing’ transpire to derail Syria’s transformation ‘into a prosperous state.’

The commander-in-chief’s cryptic comments come days after Israel engaged in an operation in Syria.

‘The United States is very satisfied with the results displayed, through hard work and determination, in the Country of Syria. We are doing everything within our power to make sure the Government of Syria continues to do what was intended, which is substantial, in order to build a true and prosperous Country. One of the things that has helped them greatly was my termination of very strong and biting sanctions — I believe this was truly appreciated by Syria, its Leadership, and its People!’ the president said in the Truth Social post.

‘It is very important that Israel maintain a strong and true dialogue with Syria, and that nothing takes place that will interfere with Syria’s evolution into a prosperous State. The new President of Syria, Ahmed al-Sharaa, is working diligently to make sure good things happen, and that both Syria and Israel will have a long and prosperous relationship together. This is a historic opportunity, and adds to the SUCCESS, already attained, for PEACE IN THE MIDDLE EAST!’ Trump added.

The IDF noted last week that troops were wounded during action in Syria.

A post on X explained that ‘IDF troops conducted an operation to apprehend suspects from the Jaama Islamiya terrorist organization operating in the Beit Jinn area of southern Syria. During the activity, several armed terrorists opened fire at the troops. IDF soldiers responded with live fire, supported by aerial assistance.’

‘As a result of the incident, several reservists were injured and were evacuated to the hospital to receive medical treatment. The operation concluded with all suspects apprehended and several terrorists eliminated,’ the IDF post noted.

Israeli Prime Minister Benjamin Netanyahu and President Trump spoke on Monday.

‘The two leaders stressed the importance and obligation of disarming Hamas and demilitarizing the Gaza Strip, and discussed expanding the peace agreements,’ the office of the prime minister noted on X. ‘US President Trump invited Prime Minister Netanyahu to a meeting at the White House in the near future,’ another post added.

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White House press secretary Karoline Leavitt released details on President Donald Trump’s MRI scan that was conducted in October, reading the results of the examination during Monday’s press briefing that showed he was in good health. 

Trump’s health has fallen under increasing scrutiny from the media in recent months, including when it was revealed that Trump underwent a second routine physical for the year in October, which included an MRI scan. Leavitt reported the medical imaging procedure found Trump as healthy. 

‘As part of President Trump’s comprehensive executive physical advanced imaging was performed because men in his age group benefit from a thorough evaluation of cardiovascular and abdominal health,’ Leavitt read from the report Monday. 

‘The purpose of this imaging is preventative to identify any issues early, confirm overall health, and ensure the president maintains long-term vitality and function,’ Leavitt continued. ‘President Trump’s cardiovascular imaging was perfectly normal. No evidence of arterial narrowing impairing blood flow or abnormalities in the heart or major vessels. The heart chambers are normal in size, the vessel walls appear smooth and healthy, and there are no signs of inflammation or clotting. Overall, his cardiovascular system shows excellent health.’ 

Trump is the oldest man to be inaugurated president, with the media increasingly turning their attention to the president’s health after repeated photos since February show bruising on Trump’s hand, while photos from July showed the president with swollen legs. 

Leavitt, as well as Trump, repeatedly have brushed off questions and concern surrounding his health, pointing to physical examinations in April, and then again in October, that found the president ‘remains in excellent health.’

‘His abdominal imaging is also perfectly normal. All major organs appear very healthy and well perfused,’ Leavitt continued Monday of Trump’s MRI. ‘Everything evaluated is functioning within normal limits with no acute or chronic concerns. In summary, this level of detailed assessment is standard for an executive physical at President Trump’s age and confirms that he remains in excellent overall health.’ 

‘Again, we will provide that to you,’ she added. ‘I think that’s quite a bit of detail. And in the effort of transparency, the president promised it last night and we have delivered today.’ 

Trump was questioned about the MRI Sunday evening, saying he would release the report while underscoring it was ‘perfect’ and adding that it did not focus on scanning his brain. 

‘If they want to release it, it’s OK with me to release it,’ Trump said. ‘It’s perfect.’ 

‘If you want to have it released, I’ll release it,’ he continued. 

Media concern over Trump’s health follows the current White House’s repeated criticisms of journalists over their lack of reporting on then-President Joe Biden’s mental acuity and physical fitness when he served in the Oval Office. 

The media did not have a large focus on Biden’s health until the election cycle, when he was pressed to drop out his re-election effort to retain the White House as political allies called on him to pass the torch to a younger generation. Biden ultimately dropped out of the race in July 2024. 

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President Donald Trump threw himself in the middle of Honduras’ razor-thin presidential race on Monday, warning that there would be ‘hell to pay’ if election officials altered the results.  

Writing on Truth Social, Trump, without offering evidence, accused Honduras of ‘trying to change the results.’

‘If they do, there will be hell to pay! The people of Honduras voted in overwhelming numbers on November 30th,’ Trump said.

The president’s remarks came hours after Ana Paola Hall, president of the National Electoral Council, wrote on X that the preliminary rapid reporting system that began providing results Sunday night had reached its conclusion with votes 57% tallied.

Their count showed a close race between two conservative candidates, Nasry Asfura of the National Party and Salvador Nasralla of the Liberal Party, with Asfura holding a narrow lead of only a few hundred votes. Rixi Moncada, the democratic socialist LIBRE candidate, trailed roughly 20 percentage points behind.  

‘It is imperative that the Commission finish counting the Votes,’ Trump wrote. ‘Hundreds of thousands of Hondurans must have their Votes counted. Democracy must prevail!’

Officials have said the count would continue but did not specify when updated totals would be released, and parts of the council’s online system appeared to have been taken down.

Just before the freeze, Trump had endorsed Asfura, calling him the ‘only Honduran candidate his administration would work with and saying he would fight ‘narco-communists’ alongside the U.S.

Both leading candidates have pointed to the close tally as evidence that they are ahead – though both men have stopped short of declaring victory.

Trump’s announcement that he would pardon former Honduran President Juan Orlando Hernández, who is now serving a 45-year U.S. sentence – also loomed large over the race, underscoring how U.S. politics can intrude in the country’s politics.

Trump’s latest warning injects new pressure into an already hostile post-election environment. The outcome will determine whether the Latin American country shifts away from the ruling LIBRE party and have deep impacts on its future relationship with Washington.

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White House press secretary Karoline Leavitt said Monday that the Trump administration is ‘actively re-examining’ all the Afghan nationals who entered the United States during former President Joe Biden’s administration.

‘Any individual who threatens our national security or our citizenry will be subject to removal,’ Leavitt told reporters during a White House press briefing. ‘President Trump has already permanently paused the migration of foreign nationals from third world countries that pose a very high risk to the United States. For too long, past American presidents supported self-destruction, self-destructive immigration policies that allowed foreigners who outright hate our country and have no interest in assimilating into our culture.’

The announcement comes after the death of 20-year-old National Guardsman Sarah Beckstrom, who was allegedly shot in the nation’s capital last week by Rahmanullah Lakanwal, a 29-year-old Afghan national. 

A second National Guardsman, 24-year-old Air Force Staff Sgt. Andrew Wolfe, is still in the hospital and fighting for his life.

President Donald Trump told reporters aboard Air Force One Sunday that the Wolfe family are ‘unbelievably great people’ who want the public to pray for their son.

‘Sarah and Andrew are heroes, and we will never forget their sacrifice. That means ensuring the monster responsible for this atrocity is prosecuted to the fullest extent of the law, and faces the most severe punishment possible. It also means reckoning with why this atrocity was allowed to happen in the first place, so that it may never occur again,’ said Leavitt.

The U.S. Citizenship and Immigration Services also announced Friday that the federal agency would conduct a reexamination of all green card holders from so-called countries of concern.

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The White House confirmed and defended conducting a second strike against alleged drug smugglers in the Caribbean in September, amid the Trump administration’s crusade targeting the influx of drugs into the U.S. 

The White House’s statement comes after the Washington Post reported Friday that Secretary of Defense Pete Hegseth verbally ordered that a Sept. 2 attack kill everyone on board the alleged drug boat, drawing scrutiny from lawmakers who are requesting additional oversight into the strikes. The Post reported that a second strike was conducted to take out the remaining survivors on the boat. 

Although the Pentagon pushed back against the report, White House press secretary Karoline Leavitt did not deny that a second strike occurred and told reporters Monday that the strike Sept. 2 was conducted ‘in self-defense’ in international waters ‘in accordance with the law of armed conflict.’ 

The White House said Monday that Hegseth authorized the second strike, but the head of U.S. Special Operations Command, Adm. Frank ‘Mitch’ Bradley, ordered and directed it. At the time of the strike, Bradley was serving as the commander of Joint Special Operations Command, which falls under U.S. Special Operations Command. 

‘On September 2nd, Secretary Hegseth authorized Admiral Bradley to conduct these kinetic strikes,’ Leavitt said. ‘Admiral Bradley worked well within his authority and the law, directing the engagement to ensure the boat was destroyed and the threat to the United States of America was eliminated.’

When asked to confirm that Bradley was the one who ordered the second strike, Leavitt said that he was ‘well within his authority to do so,’ but declined to disclose whether the second strike was ordered because there were survivors remaining from the first strike. 

Leavitt also disputed that Hegseth ever gave an initial order to ensure that everyone on board was killed, when asked specifically about Hegseth’s instructions. 

‘I would reject that the secretary of War ever said that,’ Leavitt said. ‘However, the president has made it quite clear that if narco-terrorists, again, are trafficking illegal drugs toward the United States, he has the authority to kill them.’

The White House’s statements on the matter don’t completely align with the Pentagon’s. On Friday, the Pentagon denied the Post’s reporting in its entirety. 

‘We told the Washington Post that this entire narrative was false yesterday,’ Pentagon spokesperson Sean Parnell said in a post on social media Friday. ‘These people just fabricate anonymously sourced stories out of whole cloth. Fake News is the enemy of the people.’ 

The Pentagon did not immediately respond to a request for comment from Fox News Digital.

Meanwhile, the report has prompted lawmakers on both sides of the aisle to ask additional questions about the operations, and press for additional oversight. 

‘This committee is committed to providing rigorous oversight of the Department of Defense’s military operations in the Caribbean,’ Reps. Mike Rogers, R-Ala., and Adam Smith, D-Wash., who lead the House Armed Services Committee, said in a statement on Saturday. ‘We take seriously the reports of follow-on strikes on boats alleged to be ferrying narcotics in the SOUTHCOM region and are taking bipartisan action to gather a full accounting of the operation in question.’

Spokespeople for the committee did not respond to a request for comment from Fox News Digital regarding the nature of these additional oversight efforts. 

Additionally, the top Democrat on the Senate Foreign Relations Committee, Sen. Jeanne Shaheen, D-N.H., said Monday that she is calling for an investigation into the matter as well, and said that Hegseth ‘owes answers to the American people immediately.’

The Trump administration has carried out more than 20 strikes against alleged drug boats in Latin American waters, and has bolstered its military presence in the Caribbean to align with Trump’s goal to crack down on the influx of drugs into the U.S.

The White House also confirmed Monday that Trump is slated to hold a meeting on Monday evening to discuss future actions concerning Venezuela. 

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