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Vice President JD Vance, Secretary of State Marco Rubio and Secretary of Health and Human Services Robert F. Kennedy Jr. are the central and most popular members of President Donald Trump’s Cabinet, but they have something else in common: All three are harsh former critics of their current boss.

Much has been made, especially on the left, of past statements by this big three in the Cabinet, Vance calling Trump Hitler, Rubio’s bruising 2016 primary attacks on the president’s hand size and pretty much everything former Democrat RFK Jr ever said prior to endorsing Trump in 2024.

To Democrats, of course, this about face to Orange Man Good from all three, and others in the White House orbit, means that these men have abandoned their principles and are bootlicking for their own power. But in fact, something much more amazing is happening.

Trump’s first term was often mired in internal debate and friction from a Cabinet that at times seemed more interested in being a guardrail to Trump’s supposed impulsiveness than stewards of his agenda.

Vice President Mike Pence, Defense Secretary Mark Esper, and National Security Adviser John Bolton, for example, were, in Trump’s administration and to this day, deeply critical of his approach to governing, which hurt the White House’s effectiveness.

This time around, in Trump 2.0, his Cabinet, which has remained all but unchanged for a year now, is not trying to hem him in, but rather to make his vision for a better America a reality, regardless of any past tensions they may have had with the boss.

This tells us a couple of things. First, it showsTrump has pretty thick skin at the end of the day. Barring the kind of complete betrayals we have seen from figures like Pence and Esper, the president is showing his ability to let bygones be bygones.

Second, it demonstrates that Vance, Rubio, and Bobby, not to mention former Democrat and current National Security Adviser Tulsi Gabbard, have found that when you honestly and openly work with Trump, and get to know him, your opinion of him can change.

Trump’s team of former rivals has also been so effective because Trump’s only firm ideological position is America first, and under this rubric, Vance’s economic protectionism, Rubio’s foreign adventurism and RFK Jr’s Make America Healthy Again agenda all have a welcome home at 1600 Pennsylvania Ave.

Much of this is down to Trump’s unique ability to put common sense above political orthodoxy. For example, Democrats were stunned this week when the White House announced it wanted to bar large corporations from purchasing single family homes, something they themselves have called for.

Both from my own private conversations with members of the Trump administration and through their public remarks, what becomes clear is that, in the starkest possible reversal of the first term, today’s Cabinet is a well-oiled and utterly unified team.

The knock on the president, especially from conservative Never Trumpers, some of whom haunted his first White House, is that he has no principles. But the positive way to frame this is that he is flexible and open to new ideas.

The biggest question today in American politics is what the Republican Party will look like on Jan. 21, 2029, when Trump’s political career moves from the headlines to the history books. The answers sit in his Cabinet.

Trump took a lot of guff this past year for allegedly filling his White House with nothing but loyalists. Well, first of all, what do you want in the Cabinet, unloyalists? But second, these are not toadies, they are accomplished former foes who Trump has given the room and authority to execute pro American policies.

Maybe that really is the thread that pulls together Trump’s tight team, the idea of making America and Americans pro America again, to restore the bold idea that America is not a declining power, but rather that it can do great things both at home and around the globe.

While the bookmaking sharps have their money on Vance as the 2028 candidate most likely to emerge from Trump’s cabinet, whomever it is will almost certainly run not just as an individual, but as the man or woman who can continue to lead the all-star team that the president has assembled.

There is an old saw in Washington that personnel is policy, and that is a lesson Trump learned the hard way in his first term. But often times, the hard way is the best way to learn. And a year in, it is clear that President Trump has indeed learned well from his past mistakes.

This post appeared first on FOX NEWS

A bipartisan cohort of senators is nearing a final plan to tackle rising healthcare costs, but the issue of more-stringent restrictions preventing taxpayer-funded abortions remains a major hurdle in the way to sealing the deal.

The working group, led by Sens. Susan Collins, R-Maine, and Bernie Moreno, R-Ohio, has held several meetings since dueling, partisan proposals to either extend or replace expired enhanced Obamacare premium subsidies failed late last year.

Now, they’re on the verge of unveiling their plan and have started sharing what exactly the rough framework would look like. But while selling the bones of the latest idea to tackle healthcare will be one thing, overcoming the issue of taxpayer-funded abortions will be another.

The Hyde Amendment, which dictates that taxpayer dollars can’t fund abortions, has proven a sticking point on both sides of the aisle. Senate Republicans argue that Obamacare doesn’t completely follow the law, while Senate Democrats contend that no modifications need to be made to the longstanding statute.

‘There’s no disagreement that there should not be federal funding for abortion,’ Moreno said. ‘Nobody on either side is wanting to relitigate that question. So we’re past that mountain. The next mountain is a dispute as to whether that is actually happening today through [Obamacare].’

‘A group of people, very good people, say that it is happening, and there’s a group of other people who have good people, too, that say it’s not happening,’ he continued. ‘So we have to resolve that.’

That wrinkle, in particular, was further amplified by President Donald Trump, who earlier this week urged that House Republicans ‘have to be a little flexible’ when it comes to the Hyde Amendment. That edict was met with backlash from Senate Republicans, who argued there was no room for flexibility on the issue. 

Moreno didn’t say whether the current plan addressed the Hyde issue, but he laid out what the skeletal framework that senators have built would look like.

It would play out over two years and act as more of a temporary fix than a permanent bridge, which Moreno noted would be crucial in selling the plan to his Republican colleagues.

‘That’s a key thing that I got to convince my colleagues to understand, who hate Obamacare, they hate the policy, and say, ‘Let’s take two years to actually deliver for the American people truly affordable healthcare and solve this problem for the people who are going to suffer as a result of not having these enhanced premium tax credits,’’ Moreno said. ‘They didn’t cause the problem, politicians caused that problem.’

Up front, their plan would extend the subsidies for two years and prolong the open enrollment period for the Obamacare marketplace until March 1.

During the first year, an income cap would be added, which was blown away when the subsidies were enhanced under former President Joe Biden, at 700% of the federal poverty level. There would also be a requirement of either a $5 or $60 minimum premium payment as a fraud prevention method. That would be coupled with a $100,000 fine for insurance companies that are ‘deliberately causing fraud, and signing [someone] up without their consent.’

In the second year, people would have a choice to either stick with the subsidies or switch their coverage plan in favor of a health savings account (HSA) — a key demand from Republicans and Trump.

Their plan would also reinstate cost-sharing reduction payments, ‘which, according to [Congressional Budget Office], would reduce premiums for everybody on the exchange by 11%,’ Moreno said.

This post appeared first on FOX NEWS

Senate Judiciary Committee Chairman Chuck Grassley is demanding answers on the process of how the FBI determines code names for its investigations, after receiving records that show agents ‘renaming’ the Arctic Frost investigation into President Donald Trump, with the senator calling the move ‘anything but random.’ 

Grassley penned a letter to Attorney General Pam Bondi and FBI Director Kash Patel raising questions on the process, after Patel’s team transmitted records the committee requested pertaining to the FBI’s Arctic Frost probe into Trump and the 2020 election.

Documents revealed that the investigation was first named Hyperbolic Frost and later changed to Arctic Frost.

‘In response to our document requests, your agencies produced a document that shows that edits were made to an early version of a draft Arctic Frost opening document,’ Grassley wrote. ‘This document has several handwritten edits, including the crossing out of the initial name of the investigation, ‘Hyperbolic Frost,’’ and renaming it ‘Arctic Frost.’’

Grassley said the document ‘calls into question the accuracy of the testimony’ former FBI Director James Comey gave to him during a May 3, 2017, Senate Judiciary Committee hearing.

‘At this hearing, I asked ‘Was the Clinton investigation named Operation Midyear because it needed to be finished before the Democratic National Convention? If so, why the artificial deadline? If not, why was that the name?’ Grassley shared.

Grassley was referring to ‘Midyear Exam,’ which was the FBI’s code name for the bureau’s investigation into Hillary Clinton’s private email server.

Comey replied: ‘Certainly not because it had to be finished by a particular date.’

‘There’s an art and a science to how we come up with code names for cases,’ Comey said at the time. ‘They assure me it’s done randomly. Sometimes I see ones that make me smile, so I’m not sure.’

Comey added: ‘But I can assure you that it was called Midyear Exam, was the name of the case. I can assure you the name was not selected for any nefarious purpose or because of any timing on the investigation.’

But Grassley said ‘the renaming of the Trump investigation from Hyperbolic Frost to Arctic Frost via handwritten notes is clearly anything but random.’

Sources believe the investigation’s title could hint at the probe’s intended target: Trump. 

Sources say ‘Arctic Frost’ is also the name of a variety of orange tree. Opponents of the president have mocked him and called him an ‘orange man.’ 

Grassley is asking that Bondi and Patel ‘produce all records relating to the naming of Operation Midyear Exam including former Director Comey’s emails.’

The records produced by the FBI this week also show handwritten notes discussing the subjects of the Arctic Frost investigation.

‘Subjects of the investigation include members of Donald J. Trump for President, INC., both identified and yet to be identified,’ the document reads.

Beside that paragraph is a handwritten note reading: ‘Add DJT.’

Grassley, along with Sen. Ron Johnson, R-Wis., have been investigating the origins of the Arctic Frost probe since July 2022.

The senators have made whistleblower records public that they say ‘have exposed how partisan FBI agents and Department of Justice prosecutors opened, approved, and advanced the investigation against President Trump and expanded its scope to other Republican groups and individuals.’

‘The recent records produced by the FBI contain even more damning evidence of the Biden administration’s unapologetic abuse of power during the Arctic Frost investigation,’ Johnson, R-Wis., told Fox News Digital. ‘The American people deserve to know the full extend of Jack Smith’s massive partisan dragnet, which targeted law-abiding U.S. citizens.’ 

He added: ‘Chairman Grassley and I will continue to fight to ensure that the complete truth is revealed.’ 

This post appeared first on FOX NEWS

Russia said on Friday it used its new hypersonic Oreshnik missile in an attack against Ukraine, according to reports.

The Kremlin said that the strike was carried out in response to what it said was an attempted Ukrainian drone strike on one of Russian President Vladimir Putin’s residences, something Kyiv has denied, according to Reuters. 

The outlet noted that Ukraine and the U.S. have cast doubt on Russia’s claims about the alleged attempted attack on Putin’s residence on Dec. 29, the report said. Ukraine called it ‘an absurd lie,’ while President Donald Trump also doubted the veracity of the claim, saying he did not believe the strike occurred and that ‘something’ unrelated happened nearby.

This is the second time Russia has used the intermediate-range Oreshnik, which Putin has said is impossible to intercept because of its velocity, Reuters reported.

The Russian Defense Ministry said that the strike targeted critical infrastructure in Ukraine, according to Reuters, which added that Russia said the attack also used attack drones and high-precision long-range land and sea-based weapons.

While Moscow did not say where the missile hit, Russian media and military bloggers said it targeted an underground natural gas storage facility in Ukraine’s western Leviv region, CBS News reported. Lviv Mayor Andriy Sadoviy said the attack hit critical infrastructure but did not give details, the outlet added.

Ukrainian President Volodymyr Zelenskyy addressed the attack on social media, saying that the aftermath was ‘still being dealt with.’

‘Twenty residential buildings alone were damaged. Recovery operations after the strikes also continue in the Lviv region and other regions of our country. Unfortunately, as of now, it is known that four people have been killed in the capital alone. Among them is an ambulance crew member. My condolences to their families and loved ones,’ Zelenskyy wrote.

The Ukrainian leader said the attack involved 242 drones, 13 ballistic missiles, one Oreshnik missile and 22 cruise missiles. Zelenskyy added that the ballistic missiles were aimed at energy facilities and civilian infrastructure as the people of Ukraine faced ‘a significant cold spell.’ He said the attack was ‘aimed precisely against the normal life of ordinary people.’ However, he assured that Ukraine was working to restore heating and electricity.

Zelenskyy claimed that in addition to the civilian infrastructure, a building of the Embassy of Qatar was damaged in the attack.

‘A clear reaction from the world is needed. Above all from the United States, whose signals Russia truly pays attention to. Russia must receive signals that it is its obligation to focus on diplomacy, and must feel consequences every time it again focuses on killings and the destruction of infrastructure,’ Zelenskyy added.

A spokesperson for the State Department told Fox News Digital that the U.S. remains committed to ending the war through diplomatic means, emphasizing that it is the only path toward a durable peace. The spokesperson underscored Trump’s desire to end the war that is approaching its fourth year.

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

This post appeared first on FOX NEWS

President Donald Trump briefly paused his meeting with nearly two dozen oil executives Friday afternoon to walk over to a window at the White House to check out updates on the ballroom’s construction.

‘Today, I’m delighted to welcome almost two dozen of the biggest and most respected oil and gas executives in the world to the White House,’ he said. ‘It’s an honor to be with them. We have many others that were not able to get in. I said, ‘If we had a ballroom, we’d have over a thousand people.’

‘I never knew you had that many people in your industry. But here we are. And if you’re, in fact, if you look, come to think of it. Well, I gotta look at this myself,’ Trump said as he got up from his chair to peek out of a window in the East Room, looking out to where the ballroom is under construction.

‘Wow. What a, what a view. This is the door to the ballroom,’ he continued. 

Trump remarked that it was an ‘unusual time to look’ out in the ballroom, which earned chuckles, and then invited the ‘fake news’ to check out the progress. 

Trump announced in October 2025 that construction had begun on the ballroom after months of the president floating the planned project to modernize the White House. The project does not cost taxpayers and is privately funded, the White House reported.

Photos of the demolition crew dismantling the East Wing’s facade circulated on social media and in news reports in October 2025, sparking outrage from Democrats and other Trump critics who argued the president was ‘destroying’ the White House. 

Trump said Friday the construction is ahead of schedule. The White House said the ballroom will be ‘completed long before the end of President Trump’s term’ in 2029. 

‘We’re ahead of schedule in the ballroom and under budget. It’s going to be … I don’t think there will be anything like it in the world, actually. … This is, as you know, our biggest room, which would seat 100 for dinner, maybe, if you’re lucky, if you’re … nice and tight.

‘And the ballroom will seat many, and it’ll also take care of the inauguration with bulletproof glass, drone-proof ceilings and everything else, unfortunately, that today you need.’ 

The president repeatedly has remarked that the White House’s current rooms do not accommodate large crowds for dinners and other public events. 

Trump hosted nearly two dozen oil executives at the White House Friday to discuss investment in Venezuela after the U.S. military’s successful capture of the nation’s dictatorial president, Nicolás Maduro, Saturday. 

The lengthy lineup of oil companies includes Chevron, Exxon, ConocoPhillips, Continental, Halliburton, HKN, Valero, Marathon, Shell, Trafigura, Vitol Americas, Repsol, Eni, Aspect Holdings, Tallgrass, Raisa Energy and Hilcorp.

Vice President JD Vance, Secretary of State Marco Rubio, Secretary of Energy Chris Wright and Secretary of the Interior Doug Burgum also attended the meeting. 

‘The plan is for them (oil companies) to spend at least $100 billion to rebuild the capacity and the infrastructure necessary,’ Trump said during the meeting. ‘Venezuela has also agreed that the United States will immediately begin refining and selling up to 50 million barrels of Venezuelan crude oil, which will continue indefinitely. 

‘We’re all set to do it. We have the refining capacity, (which) was actually based very much on the Venezuelan oil, which is a heavy oil, very good oil.’

This post appeared first on FOX NEWS

A federal judge Friday temporarily blocked the Trump administration from stopping subsidies on childcare programs in five states, including Minnesota, amid allegations of fraud.

U.S. District Judge Arun Subramanian, a Biden appointee, didn’t rule on the legality of the funding freeze, but said the states had met the legal threshold to maintain the ‘status quo’ on funding for at least two weeks while arguments continue.

On Tuesday, the U.S. Department of Health and Human Services (HHS) said it would withhold funds for programs in five Democratic states over fraud concerns.

The programs include the Child Care and Development Fund, the Temporary Assistance for Needy Families program, and the Social Services Block Grant, all of which help needy families.

‘Families who rely on childcare and family assistance programs deserve confidence that these resources are used lawfully and for their intended purpose,’ HHS Deputy Secretary Jim O’Neill said in a statement on Tuesday.

The states, which include California, Colorado, Illinois, Minnesota and New York, argued in court filings that the federal government didn’t have the legal right to end the funds and that the new policy is creating ‘operational chaos’ in the states.

In total, the states said they receive more than $10 billion in federal funding for the programs. 

HHS said it had ‘reason to believe’ that the programs were offering funds to people in the country illegally.

New York Attorney General Letitia James, who is leading the lawsuit, called the ruling a ‘critical victory for families whose lives have been upended by this administration’s cruelty.’

Fox News Digital has reached out to HHS for comment.

This post appeared first on FOX NEWS

President Trump sported a unique accessory at the White House on Friday, a custom lapel pin depicting what he called a ‘happy Trump.’

The president wore the small pin, which appeared to be a cartoon-style depiction of Trump in a navy suit and red tie just beneath his customary American flag lapel pin, while meeting with oil and gas executives in the East Room of the White House.

Fox News’ Senior White House Correspondent Peter Doocy noticed the accessory and asked the president about it. 

‘I see the American flag lapel pin,’ Doocy said. ‘What is the other lapel pin?’

Trump explained that the pin was a gift.

‘Somebody gave me this. You know what that is? That’s called a ‘happy Trump,” the president said, holding up the pin. 

‘And consider the fact that I’m never happy. I’m never satisfied. I will never be satisfied until we make America great again. But we’re getting pretty close.’

Trump added, ‘Somebody gave it to me. I put it on.’

The lighthearted moment quickly gained traction on social media, with users on X praising the pin and the president’s sense of humor.

‘Trump is wearing a ‘Happy Trump’ pin today,’ one user wrote, alongside laughing emoji. ‘How can you not love this guy?’

‘Where can I get a happy Trump pin?’ another asked.

‘Only our wonderful President Trump! He is wearing a ‘Happy Trump’ pin because he says he’ll never be happy until America is Great Again…but we’re getting close! Hilarious!’ a third user wrote.

The exchange came as Trump hosted nearly two dozen oil executives at the White House Friday to discuss investment in Venezuela after the U.S. military’s successful capture of the nation’s dictatorial president, Nicolás Maduro.

The lineup of oil companies included Chevron, Exxon, ConocoPhillips, Continental, Halliburton, HKN, Valero, Marathon, Shell, Trafigura, Vitol Americas, Repsol, Eni, Aspect Holdings, Tallgrass, Raisa Energy and Hilcorp.

Vice President JD Vance, Secretary of State Marco Rubio, Secretary of Energy Chris Wright and Secretary of the Interior Doug Burgum also attended the meeting. 

Fox News Digital’s Emma Colton contributed to this report.

This post appeared first on FOX NEWS

FBI veteran Christopher Raia has been named co-deputy director of the federal law enforcement agency, the bureau confirmed Friday to Fox News Digital.

Raia, who runs the bureau’s New York City field office, will move to Washington, D.C., and begin his job on Monday serving as co-deputy director with Andrew Bailey.

Raia’s elevation comes after Dan Bongino announced he was leaving the position and returning to ‘civilian life.’ His last day on the job was Jan. 3.

Bongino was a conservative commentator and podcaster before President Donald Trump nominated him for the position.

‘It’s been an incredible year thanks to the leadership and decisiveness of President Trump,’ Bongino wrote on X Saturday. ‘It was the honor of a lifetime to work with Director [Kash] Patel, and to serve you, the American people. See you on the other side.’

Bongino made the announcement he was leaving last month, thanking Trump, Patel and U.S. Attorney General Pam Bondi ‘for the opportunity to serve with purpose.’

Bongino and Bondi had previously clashed over the release of the Epstein files, and a source told Fox News over the summer he had considered resigning over the Justice Department’s handling of the situation.

Bongino didn’t give a reason for his resignation less than a year after he started as deputy director, but Trump said last month the 51-year-old ‘wants to go back to his show.’

This post appeared first on FOX NEWS

Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (‘Blackrock’ or the ‘Company’) is pleased to announce the completion of its non-brokered private placement (the ‘Offering’) previously announced on December 24, 2025. 2176423 Ontario Ltd., a company beneficially owned by Eric Sprott, purchased an aggregate of C$6,999,960 of the Offering. The Offering consisted of a total of 13,636,300 units of the Company (the ‘Units’) at a price of C$1.10 per Unit for gross proceeds of C$14,999,930. Each Unit consisted of one common share of the Company (each, a ‘Common Share’) and one-half of one Common Share purchase warrant (each whole warrant, a ‘Warrant’). Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of C$1.50 per Common Share until January 8, 2028.

Andrew Pollard, Blackrock’s President and Chief Executive Officer, commented: ‘Supported by Eric Sprott and a new cornerstone investor, this $15 million financing meaningfully strengthens our balance sheet as we advance Tonopah West toward development. As an emerging American silver developer, we are accelerating permitting and de-risking initiatives in 2026 to support the advancement of a secure, high-quality domestic source of silver for the U.S. market.’

The net proceeds of the Offering are intended to be used by the Company to fund exploration, permitting and pre-development activities on the Company’s Tonopah West project and for general working capital.

In connection with the closing of the Offering, the Company paid Research Capital Corporation (the ‘Finder‘) finder’s fees in cash totalling C$689,997 and issued to the Finder a total of 627,270 non-transferable finder’s warrants (‘Finder’s Warrants‘) in connection with the Units placed by the Finder. Each Finder’s Warrant entitles the holder thereof to acquire one Common Share at an exercise price of C$1.50 until January 8, 2028.

The participation of Eric Sprott in the Offering constituted a ‘related party transaction’, within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 (‘MI 61-101‘). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation in the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the interested parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101).

The Common Shares, Warrants and Finder’s Warrants issued in connection with the Private Placement and the Common Shares issuable upon exercise of the Warrants and Finder’s Warrants are subject to a hold period expiring on May 9, 2026.

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR at www.sedarplus.ca.

Cautionary Note Regarding Forward-Looking Statements and Information

This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release relate to, among other things: the net proceeds from the Offering and the intended use of proceeds therefrom; the advancement of the Tonopah West project towards development, including the acceleration of permitting and de-risking initiatives at the Tonopah West project; and the intention for the Tonopah West project to function as a future secure, high-quality domestic source of silver for the U.S. market.

These forward-looking statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company’s operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company’s ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market, political, economic and industry conditions; and those factors identified under the caption ‘Risks Factors’ in the Company’s most recent Annual Information Form.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

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

For Further Information, Contact:

Andrew Pollard
President and Chief Executive Officer
(604) 817-6044
info@blackrocksilver.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279847

News Provided by Newsfile via QuoteMedia

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The executive order (EO) of December 18 to reclassify cannabis to Schedule III is a monumental decision that will fundamentally reshape the market.

The official recognition of its medical utility is a designation that cannot be removed from the administrative record.

The industry is evolving from a lifestyle-driven, speculative sector into a professionalized asset class centered on medical and pharmaceutical applications. This shift moves the sector from a speculative, wait-and-see environment to a high-stakes period requiring fundamental restructuring.

Clearing the judicial runway

The path to federal rescheduling is currently obstructed by a stalled administrative hearing process that has reached a procedural standstill.

While the EO mandates an expeditious timeline, the actual movement is frozen because the DEA has yet to enter a briefing schedule following a request for an interlocutory appeal.

Legal expert Shane Pennington suggests that the most efficient path forward is for the administration to simply cancel or withdraw the pending ALJ hearing altogether by citing the lack of constitutional Administrative Law Judges (ALJs) and documented ex parte communications, and move directly toward a final rule based on the HHS’s already established medical record.

By withdrawing the hearing, the Department of Justice effectively moots the current interlocutory appeal, allowing the DOJ to issue a Final Rule relatively quickly.

Once the final rule is published, the industry and movement will likely shift to the DOJ side against prohibitionist stays in federal appellate courts. This is a stark contrast to previous years, where advocates were on the offensive.

The capital markets thaw

The true catalyst for investors in 2026 is not the headline of rescheduling but the fundamental transformation of balance sheets. For decades, the cannabis industry operated under so-called “cannabis exceptionalism”, a state where standard business rules, tax laws and banking protections were suspended, blocking deductions and choking liquidity.

Rescheduling will remove these barriers to unleash normalized cash flows and institutional capital into a sector long treated as radioactive, though Ahrens notes major wirehouses will block stocks until the ink dries

Additionally, moving to Schedule III eliminates the Section 280E penalty, which currently prevents businesses from deducting standard operating expenses like rent and payroll, and unlocks bankruptcy protections. Ahrens pointed out that US cannabis firms have been forced to operate leanly on a shoestring compared to Canadian counterparts; normalized taxation will finally allow these firms to operate as legitimate consumer or healthcare categories.

Current effective tax rates can soar to 70 percent or more; post-rescheduling, these rates are expected to align closer to the standard 21 percent corporate rate.

The removal of Section 280E is expected to trigger a cash flow expansion. Perceived risk reduction could cause valuation multiples to improve after-tax earnings. Higher valuations and greater cash flow will increase debt capacity and make acquisitions easier to finance and more accretive.

“The first thing US cannabis companies are going to do is pay down their debt,” said Ahrens. “I’d (also) expect to see more M&A once everything is complete.”

Clinical legitimacy and the CBD bridge

Schedule III, while not legalizing cannabis, reduces the federal hurdle for clinical trials. This eases security and compliance requirements for researchers, paving the way for FDA-approved cannabinoid treatments and creating a formal pipeline for medical legitimacy.

Dr. Priyanka Sharma of Casmira Therapeutics noted the EO’s call for HHS, FDA, CMMS and NIH to collaborate on research methods using real-world evidence, including randomized controlled trials, longitudinal studies and patient interviews to inform clinical standards.

She emphasized a CMMI pilot arming healthcare professionals with tools to manage complex Medicare patients on hemp-derived CBD, including duration, dosing and drug interactions.

With federal research barriers lowered, MSOs become realistic acquisition targets for Big Pharma giants looking for validated medical compounds.

A critical wildcard for the 2026 market is the impending federal crackdown on intoxicating hemp products under Farm Bill revisions, set to take effect in November 2026.

Ahrens expects the new definition to remove unfair competition by pulling intoxicating gray market products from shelves, pushing consumers toward the regulated MSO market.

Sharma noted the EO explicitly acknowledges this hemp-derived legal instability, positioning CBD as a federal priority for research coordination and clinical frameworks.

The bottom line

While market volatility remains high, this remains a market for long-term fundamental thinkers, not short-term speculators, as the industry moves toward concrete regulatory execution.

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

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