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RFK Jr’s running mate, Nicole Shanahan, shared a post to X claiming that Democrats are ‘terrified’ their campaign may endorse Donald Trump.

In a post on X on Thursday, the independent VP pick said ‘My old Dem buddies have been flooding me with frantic calls, texts, and emails. Unlike Ro, I wouldn’t dream of airing those private conversations publicly, but the message is clear: they’re terrified of the idea of our movement joining forces with Donald Trump.’

‘When I point out what the Democratic Party and their super PACs have done to sabotage our campaign, their response is always, ‘but Trump is worse.’ Here’s an idea: stop suing us. Let us debate. Quit rigging the media and the polls. It’s a simple formula, people—get with it,’ the post concluded.

A source close to the campaign told the NY Post on Thursday that RFK Jr’s campaign suspension will be announced Friday in Phoenix, Arizona.

Shanahan joined Fox News @ Night on Tuesday, saying ‘You know, it’s Bobby’s decision. I came into this supporting him wholeheartedly to win this election. And I have to say, there’s only one party that has obstructed fair, a fair election for us. And unfortunately, it was the Democratic Party. They’ve done everything they can, including creating PACs to prevent us from being able to have ballot access.’

The Kennedy/Shanahan ballot has faced uphill climbs in order to get on the ballot state-by-state nationwide. Most recently, it faced a roadblock in New York State due to a residency dispute.

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Vivek Ramaswamy is responding to former President Trump’s comments that he would consider Robert F. Kennedy, Jr. for an administration role if the third-party 2024 candidate were to drop out and endorse him for re-election. 

Ramaswamy declined to go into specifics when asked by Fox News Digital, but suggested the liberal political family scion could have a hand in crafting U.S. pandemic policies. 

Kennedy was an outspoken critic of vaccine mandates during the COVID-19 pandemic — a stance that earned him ire from others on the left.

‘Look, I think let’s let what’s going to happen play out without stepping on any announcements that he’s going to make,’ Ramaswamy said in an interview. ‘But I think RFK Jr. has been thoughtful on a number of issues, particularly on COVID policies. So the failed COVID policies is something that he has been particularly incisive about and insightful about, and so a lot of that requires rectifying those wrongs.’

He pointed specifically to mandates that forced military service members to be fully vaccinated for COVID-19 or risk being discharged.

‘Think about going back and understanding what the adverse events were for those vaccines that have maybe gone underreported or suppressed — some of those errors related to COVID policy and rectifying past wrongs is somewhere where I could imagine a guy like that being pretty helpful,’ Ramaswamy said.

The comments come after Kennedy said he would ‘address the nation’ on Friday amid reports that he’s considering dropping out and endorsing Trump.

Trump called Kennedy ‘brilliant’ and ‘very smart’ in comments to CNN, and said of a potential role in his administration, ‘I didn’t know he was thinking about getting out, but if he is thinking about getting out, certainly I’d be open to it.’

As for his own political future under a possible Trump administration, Ramaswamy suggested he was looking at statewide elected roles in his home state of Ohio. 

He was among the possible replacements floated last month after Sen. JD Vance, R-Ohio, was named Trump’s running mate. If they win, Ohio Gov. Mike DeWine would have to appoint someone to serve the remainder of Vance’s term.

‘WhatI hear a lot about, certainly from people nationally is, of course, my friend JD Vance is hopefully going to be the next vice president. That would leave an important vacuum to fill in the U.S. Senate,’ Ramaswamy said.

‘At the same time, a lot of people on the ground are recruiting me in Ohio to even consider options I hadn’t thought about six months ago, like running for governor. So those are all options on the table.’

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In an unsurprising ruling, the regime-dominated Venezuelan Supreme Court has sided with President Nicolás Maduro’s claims he won last month’s election and said voting tallies published online showing he lost by a landslide were fake.

In a courtroom packed with Maduro supporters, the decision was read Thursday in response to a request made by Maduro to review vote totals showing he had won by more than 1 million votes.

The court’s ruling certifying the results contradicts the findings of experts from the United Nations and the Carter Center who were invited to observe the election and who both determined the results announced by authorities lacked credibility.

The main opposition coalition has accused Maduro of trying to steal the vote.

Venezuela’s government officials have claimed a foreign cyberattack staged by hackers from North Macedonia delayed the vote counting on election night and publication of the results, but they have not provided any evidence. 

Gabriel Boric, the leftist president of Chile and one of the main critics of Maduro’s election scam, blasted the high court’s certification.

‘Today, Venezuela’s TSJ has finally consolidated the fraud,’ he said on his account, referring to the initials of the high court. ‘The Maduro regime obviously welcomes with enthusiasm its ruling… there is no doubt that we are facing a dictatorship that falsifies elections.’

The ruling is the latest attempt by Maduro to blunt protests and international criticism that erupted after the contested July 28 vote in which the self-proclaimed socialist leader was seeking a third, six-year term, The Associated Press reported. 

Maduro is widely believed to have fraudulently won his country’s election last month. Numerous regional governments cast doubt on the official vote tally, which showed Maduro with 51.2% of the vote with 80% of polling stations reporting.

The opposition contends the results are not accurate and claims that it won the election with 70% of the vote. 

‘In Venezuela, an occupied territory of the Axis of Evil, the judicial system is essentially non-existent due to the complete absence of the rule of law,’ Isaias Medina III, a former U.N. Security Council diplomat and Harvard Mason fellow, told Fox News Digital. 

‘The separation of powers was effectively dismantled when Chavismo took control, resulting in ‘courts’ with unqualified personnel that are merely extensions of Maduro’s regime, parroting his dictates without independent judgment or integrity. The courts are a third-rate play, directed by Maduro, who pays their bills.’

Polls taken over the course of the summer consistently showed opposition candidate Edmundo González winning by double-digit margins.

González was the only one of ten candidates who did not participate in the Supreme Court’s audit, a fact noted by the justices, who in their ruling accused him of trying to spread panic, the AP reported. 

When the National Electoral Council announced around midnight that Maduro had received 51% of the vote compared to main opposition candidate González’s 44% support, National Electoral Council President Elvis Amoroso said the results were based on 80% of voting stations and represented an irreversible trend.

‘For the past two decades, the socialists completely destroyed the division of powers in Venezuela. Just like the former Soviet Union, Maduro controls and leads not only the executive branch but also the parliament, electoral commission and Supreme Court,’ Jorge Jraissati, a Venezuelan and president of the Economic Inclusion Group, told Fox News Digital.

‘This process began in the 2000s, when former President Hugo Chavez (who died in 2013) packed the Supreme Court with loyalists. In fact, there are shocking videos of Supreme Court judges chanting songs that belong to the Venezuelan Socialist Party. Ultimately, it shows that the Venezuelan crisis cannot be resolved using the institutions of the country, as these are completely loyal to Maduro and are responsible for the political crisis we live in today.’ 

Despite Maduro being declared the winner for a third term, the opposition claimed victory, setting up a showdown with the government over the results.

Sen. Marco Rubio, R-Fla., condemned the result and criticized the policies of the Biden administration.

‘Another foreign policy fiasco from the Biden-Harris team,’ he wrote on X. ‘They gave Maduro relief from Trump oil sanctions and released his top money launderer & his two convicted drug dealer nephews in exchange for a ‘promise’ to hold fair elections monitored by neutral international observers.’

Officials and lawmakers in the U.S. and elsewhere expressed concern about the legitimacy of Venezuela’s presidential election results after Maduro was declared the winner. 

A bipartisan group of congressional leaders also alleged that Maduro’s victory was fraudulent. 

‘To no one’s surprise, dictator Nicolás Maduro has once again stolen a presidential election. However, what the narco-regime will never steal is the Venezuelan people’s desire to return to democracy and live in freedom after decades of tyranny.

‘We must prioritize uniting the free world in rejecting these sham election results and securing the release of the more than 300 Venezuelans that remain arbitrarily detained in torture centers as political prisoners.’

U.S. Secretary of State Antony Blinken previously said the Biden administration has ‘serious concerns’ about the results and insisted they do not ‘reflect the will or the votes of the Venezuelan people.’ 

Protests broke out across the country on both sides after the announcement last month. 

Venezuelans took to the streets to protest what is widely believed to be a rigged election. The protests started peacefully, but riot gear-equipped police escalated the matter, leading to violence both from the protesters and the police. 

Protesters threw objects, including stones, at the police, while police used tear gas on the crowds in an effort to make them disperse. 

Maduro dismissed the pushback against his victory as an ‘attempt … to impose a coup d’etat in Venezuela,’ adding that ‘we already know this movie, and this time, there will be no kind of weakness.’ Maduro added that Venezuela’s ‘law will be respected.’

Fox News Digital’s Landon Mion, Peter Aitken, and The Associated Press contributed to this report.

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Former President Donald Trump praised Republican Georgia Gov. Brian Kemp for supporting his election effort in the key battleground state after previously slamming the Peach State’s executive as ‘disloyal.’

‘Thank you to @BrianKempGA for all of your help and support in Georgia, where a win is so important to the success of our Party and, most importantly, our Country,’ Trump posted to Truth Social on Thursday evening. 

‘I look forward to working with you, your team, and all of my friends in Georgia to help MAKE AMERICA GREAT AGAIN!’

The comments come after Trump repeatedly slammed the popular Georgia governor across the last four years for opposing Trump’s challenge to the 2020 election results in the state. The final election results found President Biden defeated Trump in Georgia by 11,779 votes that year. 

‘I’ll be here in about a year and a half campaigning against your governor. I guarantee that,’ Trump said back in 2021 of Kemp. ‘I shouldn’t say this, I shouldn’t say this. I just don’t want you to tell anyone outside of this room, other than the millions of people. You know, I endorsed him. He was in last place and I endorsed him. He went to first place, like, immediately.’

Even earlier this month, Trump slammed Kemp as ‘disloyal’ during a rally in Atlanta. 

‘He’s a bad guy. He’s a disloyal guy. And he’s a very average governor. Little Brian, little Brian Kemp. Bad guy,’ Trump said during the rally, which included more than 10 minutes of slamming th governor. 

Trump’s favorable comments towards Kemp on Thursday evening followed the governor joining Fox News, where he endorsed Trump for president. Kemp had not endorsed anyone in the GOP primary, but said he would support the GOP ticket come November. 

‘We got to win. You know, we got to win from the top of the ticket on down. I’ve been saying consistently for a long time, we cannot afford another four years of Joe Biden and Kamala Harris. And I think, you know, Kamala Harris and Tim Walz would be even worse,’ he told Fox News’ Sean Hannity on Thursday. 

‘So we need to send Donald Trump back to the White House. We need to retake the Senate. We need to hold the House. We need to hold our legislative majorities that we have in the great state of Georgia. And it takes hard work. That’s what we’ve been doing.’

Georgia is a key battleground state this year, following Trump winning in 2016 against former Secretary of State Hillary Clinton, but losing the state in 2020 when he squared up against Biden. 

Republicans in the state told Politico earlier this month that the pair should bury the hatchet in order to win the majority of votes comes November. 

‘During the Atlanta rally, President Trump criticized Governor Brian Kemp and revisited the 2020 election results,’ strategist Eric Tanenblatt told the outlet. ‘With Georgia being a pivotal state, it’s crucial for the Republican Party to look ahead and avoid dwelling on past elections. To win in the upcoming election, Republicans need to present a united front and prioritize future-focused policies.’

Trump’s Truth Social post lauding Kemp comes as the Democratic Party wraps up its convention in Chicago, with Vice President Harris delivering her speech accepting the nomination for the ticket. 

Trump called into Fox News later Thursday to give his assessment of Harris’ speech, when he also spoke favorably of Kemp. 

‘He was very nice, and he said he wants Trump to win, and he’s gonna work with me 100%. And I think we’re going to have a very good relationship with Brian Kemp,’ he told Fox News’ Bret Baier and Martha MacCallum. 

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– Former President Donald Trump, as part of a live thread on Truth Social, blasted the Democratic National Convention speech of Vice President Kamala Harris in a variety of posts including one after she concluded talking about what she ‘didn’t mention.’

‘She didn’t mention China, she didn’t mention fracking, she didn’t mention Energy, she didn’t mention, meaningfully, Russia and Ukraine, she didn’t mention the big subjects of the day, that are destroying our Country,’ Trump posted on Truth Social shortly after Harris’ speech concluded. 

The former president posted several criticisms of Harris during the speech on several issues.

‘There are 60 million people in poverty in the U.S., under their watch, and she doesn’t even talk about them!’ Trump posted.

In another post, Trump said, ‘She’s talking about how great San Francisco was before she destroyed it, probably not a good idea!’

‘No specific programs, ALL TALK, NO ACTION — Why didn’t she do it three and a half years ago?’ Trump said in another post.

During the speech, Trump referred to Harris as a ‘radical Marxist’ and said she ‘stands for incompetence and weakness’ while the country is ‘being laughed at all over the world.’

Harris called Trump an ‘unserious man’ in her speech and said ‘the consequences of putting Donald Trump back in the White House are extremely serious.’

‘And how he would use the immense powers of the presidency of the United States? Not to improve your life, not to strengthen our national security, but to serve the only client he has ever had — himself,’ Harris said.

Now that both conventions have come to a close, the election heads into the final stretch with just over 3 months until the presidential election.

Harris and Trump are set to meet in their first debate on September 10 in Philadelphia hosted by ABC News.

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CHICAGO – One month after replacing President Biden atop the Democrats’ 2024 ticket, Vice President Kamala Harris accepted her party’s presidential nomination as she delivered the most important speech of her political career.

In a roughly 40 minute speech that was the crowning and concluding moment of the four-day Democratic National Convention in Chicago’s United Center, the vice president promised to chart ‘a new way forward’ if Americans elect her to succeed her boss – President Biden.

And Harris warned Americans against returning former President Trump, the Republican nominee, to power. 

‘In many ways, Donald Trump is an unserious man,’ the vice president argued. ‘But the consequences of putting Donald Trump back in the White House are extremely serious.’

And Harris cast herself as someone who could bring a deeply polarized nation together, saying ‘with this election, our nation has a precious, fleeting opportunity to move past the bitterness, cynicism, and divisive battles of the past.’

‘I will be a president who unites us around our highest aspirations,’ she pledged. ‘A president who leads — and listens. Who is realistic. Practical. And has common sense. And always fights for the American people.’

Harris noted that ‘there are people of various political views watching tonight. And I want you to know: I promise to be a president for all Americans.’

Pointing to her years as a prosecutor, San Francisco district attorney and California attorney general before winning election to the U.S. Senate and four years ago as the nation’s vice president, she said ‘from the courthouse to the White House, that has been my life’s work.’

Harris made history in 2020 as the first woman elected vice president. And she made the record books again this month as the first Black woman and first person of South Asian descent to win a major party’s presidential nomination. And if she wins in November, Harris could become the nation’s first female president.

Harris has been riding a wave of energy and enthusiasm – both in polling and in fundraising – since replacing President Biden at the top of the Democrats’ 2024 ticket four weeks ago.

And she walked out on to the stage at Chicago’s United Center arena to thunderous applause and a sustained standing ovation that included chants of ‘yes, you can.’ 

After describing herself as the daughter of an Indian scientist who immigrated to America ‘with an unshakable dream to be the scientist who would cure breast cancer,’ she recounted how the sexual abuse of a childhood friend fueled her desire to become a prosecutor. 

‘Like the people I grew up with, people who work hard, chase their dreams, and look out for one another, on behalf of everyone whose story could only be written in the greatest nation on earth, I accept your nomination to be President of the United States of America,’ Harris said. 

Trump repeatedly took to social media throughout the vice president’s address to take aim at his 2024 rival. 

As Harris talked about her early years, Trump wrote on his Truth Social platform, ‘A lot of talk about childhood, we’ve got to get to the Border, Inflation, and Crime!’

Minutes later, as Harris in her speech pledged that building the middle class ‘will be a defining goal of my presidency, Trump pointed toward her three and a half years as the nation’s vice president during the Biden administration and asked, ‘Why didn’t she do something about the things of which she complains?’

Harris, as expected, spent a portion of her address spotlighting reproductive rights, an issue that has energized and mobilized Democrats in the two years since the blockbuster ruling by the Supreme Court’s conservative majority to overturn the landmark Roe v. Wade ruling, which had legalized abortion nationwide.

She argued that ‘Donald Trump hand-picked members of the United States Supreme Court to take away reproductive freedom.’

And she vowed that ‘when Congress passes a bill to restore reproductive freedom, as President of the United States, I will proudly sign it into law.’

But she also touched on border security, an issue that Trump and fellow Republicans have hammered the Biden administration over the surge of migrants into the country in the past three and a half years.

Harris pointed to a border security bill with some bipartisan support that was making its way through Congress earlier this year before Republicans turned against the measure after prompting from Trump.

‘As President, I will bring back the bipartisan border security bill that he killed.  And I will sign it into law,’ Harris reiterated.

Harris also pledged that ‘as Commander-in-Chief, I will ensure America always has the strongest, most lethal fighting force in the world. I will fulfill our sacred obligation to care for our troops and their families. And I will always honor, and never disparage, their service and their sacrifice.’

The comments spurred chants of ‘USA, USA’ from the crowd of Democratic politicians, officials, activists, and supporters in the arena.

Taking aim at Trump, Harris said ‘I will not cozy up to tyrants and dictators like Kim-Jong-Un, who are rooting for Trump.’

She pledged that if elected, she would continue the Biden administration’s efforts in ending two major international conflicts.

‘I will stand strong with Ukraine and our NATO allies,’ she said as she pointed to the eastern European nation’s ongoing war against Russian aggression.

And pointing to the Middle East, she emphasized, ‘Let me be clear: I will always stand up for Israel’s right to defend itself and I will always ensure Israel has the ability to defend itself. Because the people of Israel must never again face the horror that the terrorist organization called Hamas caused on October 7th.’

But she added that ‘at the same time, what has happened in Gaza over the past 10 months is devastating. So many innocent lives lost. Desperate, hungry people fleeing for safety, over and over again. The scale of suffering is heartbreaking.’

Pro-Palestinian demonstrators have been protesting outside the Democrats’ convention the entire week, as the party remains partially divided over the Biden administration’s support for Israel in its war with Hamas in Gaza.

‘President Biden and I are working to end this war such that Israel is secure, the hostages are released, the suffering in Gaza ends, and the Palestinian people can realize their right to dignity. Security. Freedom. And self-determination,’ in a line that elicited loud cheers.

Biden ended his re-election bid on July 21, after his disastrous late June performance in a debate with Trump fueled questions over whether the 81-year-old president was physically and mentally able to handle another four years in the White House – and sparked calls from within the Democratic Party for him to drop out of the race.

Biden, in a well regarded and emotional address, spoke on the first night of the convention before heading to California for a brief vacation.

Harris, near the top of her speech, praised her boss.

‘To our president, Joe Biden. When I think about the path that we have traveled together, Joe, I am filled with gratitude,’ she said. ‘Your record is extraordinary, as history will show, and your character is inspiring.’

Harris also gave a shutout to her running mate, Minnesota Gov. Tim Walz, who addressed the convention the previous night.

‘To Coach Tim Walz. You are going to be an incredible vice president,’ she said.

Since Harris took over for Biden atop the Democrats’ ticket, the former president has tried to paint her as a far-left extremist.

Trump, in an interview with Fox News anchors Bret Baier and Martha McCallum following the vice president’s speech, charged that Harris is ‘a Marxist. She always was. She always will be.’

The former president described Harris’ speech as ‘a lot of complaining.’

‘She didn’t talk about China. She didn’t talk about fracking. She didn’t talk about crime. She didn’t talk about 70% of our people living in poverty. She didn’t talk about housing,’ he emphasized. ‘She presided over the weakest border in the history of our country.’

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President Biden wants to establish an enforceable ethics code for Supreme Court justices, but the lame-duck president has been criticized over his own apparent conflicts of interest, including his relationship with friend and billionaire donor Joe Kiani.

Following his address at the Democratic National Convention Monday, Biden and his family flew to Santa Ynez, California, to vacation at Kiani’s ranch-style estate. The first family is reportedly staying there for free, said White House officials who described Kiani as a ‘friend,’ according to the New York Post. 

Kiani has given Biden’s super PAC, foundation and inaugural committee nearly $3 million, according to House Republicans who have taken issue with the relationship. Meanwhile, in September 2021, Kiani won an appointment from Biden to sit on his Council of Advisors on Science and Technology, which advises the executive branch on policy matters involving Kiani’s medical tech business, Masimo. Since Biden took office in January 2021, Masimo has received nearly $3 million in federal contracts, according to Republicans. 

In addition to his appointment, Kiani received tickets from Biden in 2022 to attend a state dinner with French President Emmanuel Macron, the Post reported. The outlet said it granted the billionaire CEO access to trans-Atlantic business officials and other global elites.

News of the first family’s vacation at Kiani’s ranch comes amid Democratic efforts to reshape the Supreme Court, including an enforceable ethics code for justices and term limits. These efforts were largely spurred by Justice Clarence Thomas’ relationship with Republican Party donor Harlan Crow. 

Thomas, who has described Crow as one of his family’s ‘dearest friends,’ has been under fire from critics for vacationing with Crow and accepting other gifts from him.

Fox News Digital reached out to the White House for comment but did not receive a response. The U.S. Office of Government Ethics, which oversees executive branch ethics, declined to comment, telling Fox News Digital it does not ‘discuss specific individuals or circumstances.’

‘The self-proclaimed most ethical and transparent administration in history strikes again,’ said Michael Chamberlain, director of the conservative nonprofit Protect the Public’s Trust.

‘The Biden-Harris EPA is already doling out its Greendoggle billions to organizations with ties to the administration and its political allies. Now, we have this type of arrangement with a donor who has business before the government. Seems to be just how things get done in this administration.’ 

In April 2022, a team of 12 House Republicans penned a letter to Shalanda Young, the director of the federal government’s Office of Management and Budget. The letter took issue with Biden’s relationship with Kiani, noting they want to be sure ‘political donations are not unduly influencing the Administration’s management of contracts and loans.’

While the relationship between Kiani and Biden has drawn scrutiny, so have Biden’s relationships with other major Democratic Party big wigs.

A year ago, billionaire climate activist Tom Steyer opened the doors of his Lake Tahoe mansion to the Biden family. Steyer manages a green energy investment fund that’s working to ‘take advantage’ of federal climate change spending provided through Biden’s Inflation Reduction Act. 

The Center for Renewing America, a conservative nonprofit, filed an ethics complaint with the Department of Justice in April, calling on it to investigate Biden for alleged ‘serious ethical lapses’ in failing to disclose free vacations that do not appear to qualify under certain exemptions in the Ethics in Government Act (EIGA). The complaint lays out at least four questionable vacations taken by Biden and his family, including the trip to Lake Tahoe.

Other trips mentioned in the complaint include a trip to the South Carolina beachfront mansion of Democratic Party donor Maria Allwin, a stay in Nantucket at private equity founder David Rubenstein’s $39 million mansion and a New Years trip to Bill and Connie Neville’s private Island property in the U.S. Virgin Islands. 

The Nevilles were invited to a 2015 state dinner with Chinese President Xi Jinping around the time they began sharing their house, according to the complaint. Additionally, in December 2022, the same month Biden stayed at their mansion, the Nevilles were White House guests, attending a state dinner with Macron. 

Kendra Arnold, executive director of the nonprofit Foundation for Accountability and Civic Trust, asserted Biden’s trip to Kiani’s mansion ‘reinforces the popular notion that individuals who give large amounts of money to politicians are rewarded with increased access and various perks that are unavailable to others.’ 

‘When, like is the case here, there is an apparent circular beneficial relationship, it is difficult to believe that, at a minimum, there has not been increased access granted,’ Arnold concluded. ‘As a rule of thumb, our elected officials are encouraged to even avoid the appearance of conflicts of interest, and, in this case, President Biden has certainly fallen short.’

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Electra Battery Materials (TSXV:ELBM,NASDAQ:ELBM) has received a US$20 million grant from the US Department of Defense to support the construction and commissioning of a cobalt refinery in Ontario.

According to a Monday (August 19) press release from the Department of Defense, the money will come to Electra via the Defense Production Act Investments Office and will use funds from the Ukraine Supplemental Appropriations Act of 2022.

The US$250 million refinery project is situated approximately 500 kilometers north of Toronto in Temiskaming Shores, a location strategically chosen to support North America’s expanding electric vehicle (EV) supply chain.

The grant is part of the US’ broader strategy to reduce its reliance on foreign sources of essential minerals used in the defense and technology sectors. The funding will be used to build a cobalt sulfate refinery, and Electra says it will be the only one of its kind in North America dedicated to producing battery-grade materials for lithium-ion batteries.

The cash injection follows earlier investments in Canadian mining projects from the Department of Defense. Fortune Minerals (TSX:FT,OTCQB:FTMDF) and Lomiko Metals (TSXV:LMR,OTCQB:LMRMF) were the recipients of the funds, which were accompanied by additional investments from the Canadian government.

Canada has also contributed US$3.6 million to support Electra’s battery materials recycling technology.

Electra paused construction of the cobalt plant last year due to a downturn in prices and higher-than-expected costs. CEO Trent Mell noted that the firm is in talks to get more funding from the Canadian government.

“We’re not in a free market, with China subsidizing producers and overproducing. I think it’s essential that, if we’re going to build our own domestic supply chain, we have this financial support,” he told Bloomberg on Tuesday (August 20).

The new facility will contribute to the regional EV supply chain by providing a steady source of cobalt.

It also coincides with other efforts to streamline and improve EV facilities in Ontario, such as automaker Honda’s (NYSE:HMC) plans to invest approximately C$15 billion to establish an assembly plant in the region.

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

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Elixir Energy Limited (“Elixir” or the “Company”) lodged an ASX release on 23 August 2024. The release has now been updated.

The release updates include:

Page 2 updated to include:Reference to Appendix 1In paragraph 3, noting that “it is Elixir’s understanding that”Footnote to support paragraph 3Page 3 updated to include a reference to Appendix 2Page 4 (MD’s quote) to include a reference to Appendix 3Appendices 1, 2 and 3 added.

Elixir Energy Limited (“Elixir” or the “Company”) is pleased to provide an update on the Daydream-2 well in its 100% owned Project Grandis in Queensland’s Taroom Trough.

HIGHLIGHTS

Gas flowed to surface from top-most stimulated coal zone in Daydream-2This is the first flow from the deep coals in the Taroom TroughElixir to work with its reserves certifiers for an initial contingent resource booking

The Daydream-2 well has now flowed gas to surface from the upper most stimulated zone in the well – a package of coal seams between 3,786 metres and 3,678 metres deep. The flow was unassisted and through a full well-bore of water. See Appendix 1 for ASX Listing Rule 5.30 disclosures.

This is the first flow of gas from the deep coals in the Taroom Trough and achieving this was one of the key objectives of Daydream-2. It is Elixir’s understanding that this is the deepest coal to have flowed gas to surface in Australia.1

Achieving a flow from the coals is the key outcome that Elixir sought from this stage of the program, which has now moved onto its next phase.

In its ASX announcement dated 21 February 2024, Elixir set out its internal estimate of the prospective resources contained in the Permian coals in ATP 2044. The 2U (mid case) prospective resource was 3,603 billion cubic feet. See Appendix 2 for restatement of Flowing gas to surface is a key trigger to commence converting prospective resources into contingent resources. Elixir will now work with its independent resource certifiers to obtain an initial contingent resource certification from the deep coals.

The process of conversion of all of the prospective resources will require more data from new wells which achieve a similar coal flow outcome in the broader Taroom Trough.

The next phase of the Daydream-2 program involves milling out all the plugs that separate the six separate stimulated zones in the Permian section of the well. A flow test will then be conducted from all the zones together.

The timing of any announcements to the market on this flow test will depend on factors such as the period of the flow-back of stimulation fluid, multi-fluid slugging behaviours, etc, and will likely take some weeks.

Elixir’s Managing Director, Mr Neil Young, said: “This is a fantastic outcome for Elixir and the overall Taroom Trough. It has long been recognized that the deep coals here contain many trillions of cubic feet of gas in place2 (see Appendix 3 for disclosures required under ASX Listing Rule 5.25.3) – and now we have demonstrated that some part of that can be flowed to surface. We consider this is just the start of an incredible journey of bringing on the very large new sources of gas that Australia vitally needs.”

Click here for the full ASX Release

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Euro Manganese (ASX:EMN,TSXV:EMN,OTCQB:EUMNF) has entered an offtake term sheet with Wildcat Discovery for the sale of high-purity manganese product from its Chvaletice project in the Czech Republic.

The deal, dated August 15 and announced on Monday (August 19), is non-binding and subject to Wildcat completing its planned cathode materials plant in the US. It has an initial term of seven years with the potential for renewal.

Euro Manganese said the news is a major milestone for itself, as well as the west’s battery supply chain. President and CEO Dr. Matthew James added that the agreement accounts for a ‘significant percentage’ of Chvaletice’s output.

“An important value proposition is our product does not originate from, or is processed by, a foreign entity of concern, a key purchasing criteria for North American customers,” James emphasised in the company’s release.

Meanwhile, Wildcat said the arrangement is an important step as it looks to develop high-quality, low-cost, reliable and localised sources of cathode pre-cursor materials that are compliant with the US Inflation Reduction Act.

“We view the Euro Manganese partnership as an important piece to our supply chain strategy, and look forward to working with them in the coming years,” said Mark Gresser, CEO of Wildcat.

Euro Manganese notes on its website that Chvaletice is unique in that it is not a mining project. Instead, the company is looking to recycle waste by reprocessing tailings from a manganese deposit contained in tailings from a decommissioned mine that operated between 1951 and 1975. According to the company, Chvaletice is the only sizeable, classified resource of manganese in the EU, potentially allowing the area to reduce reliance on raw material imports from China.

The project’s July 2022 feasibility study outlines an after-tax net present value of US$1.34 billion using an 8 percent discount rate, and an approximately 22 percent after-tax internal rate of return.

Deliveries from Chvaletice are to begin at the time of first production, although the start of the offtake deal will depend on Wildcat’s qualification of Euro Manganese’s high-purity manganese product.

Although the term sheet is non-binding and is contingent on Wildcat setting up its US plant, both parties intend to enter a binding offtake agreement where they will finalise a pricing mechanism and tonnages, plus other conditions.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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