Breaking
Secure Stock Strategies
Author

admin

Browsing
Politics

Byron Donalds urges House GOP leaders to hold vote on Biden impeachment after bombshell report

Rep. Byron Donalds, R-Fla., is urging House GOP leaders to hold a chamber-wide vote on impeaching President Biden days after a highly anticipated report accused the commander in chief of committing impeachable offenses.

‘I’ve felt that way for a long time. I’m on the Oversight Committee, I’ve seen all of the evidence up close and personal. It is without a doubt that he used his office when he was vice president to enrich his family as pay for play,’ Donalds told Fox News Digital. ‘That’s public corruption.’

Referencing the phone call with Ukrainian President Zelenskyy that precipitated the first impeachment of former President Trump, Donalds added, ‘Listen, if a phone call is quote-unquote, an impeachable offense, then public corruption absolutely is. I think the House should hold that vote.’

House Republicans released a 292-page report on Monday, a joint effort by the House Oversight Committee, House Judiciary Committee and House Ways and Means Committee, arguing Biden engaged in ‘impeachable conduct.’

Those committees have been working on a monthslong investigation into whether Biden helped enrich himself and his family through foreign business deals while he was vice president.

Donalds’ public pressure is significant; while a majority of House Republicans have publicly accused Biden of at least acting improperly, it’s not clear that House leaders would risk forcing their most vulnerable GOP members to take such a weighty vote with just a razor-thin majority in the chamber.

House Oversight Committee Chairman James Comer, R-Ky., indicated in March that criminal referrals could be the end of the road for the probe. He told Newsmax the House ‘would vote to impeach Joe Biden right now,’ but ‘the best path to accountability is criminal referrals.’

In his statement on the impeachment report on Monday, House Speaker Mike Johnson, R-La., praised the investigation as ‘thorough, diligent and thoughtful’ but made no mention of a House-wide vote. Johnson himself has previously said he believes Biden is guilty of wrongdoing.

Donalds appeared to reference his colleagues’ hesitation when he told Fox News Digital he would make the case for an impeachment vote to Johnson the next time he spoke with the GOP leader.

‘It’ll definitely probably come up, and we’ll see where it is,’ Donalds said. ‘And look, I know members, they all are trying to figure out what they’re going to do in their re-elections, but we have a responsibility to hold the executive branch accountable. That is the job of Congress.’

‘I think one of the reasons why a lot of people are losing faith in our institutions is because it appears that people at the top of our politics just get away with everything and are never held accountable. And that’s wrong.’

In their report, Republicans said there is ‘overwhelming evidence’ that Biden participated in a ‘conspiracy to monetize his office of public trust to enrich his family.’ They alleged that the Biden family and their business associates received tens of millions of dollars from foreign interests by ‘leading those interests to believe that such payments would provide them access to and influence with President Biden.’ 

The committees said the Biden family and its associates received more than $27 million from foreign individuals or entities since 2014.

They also alleged that the Biden family leveraged Biden’s position as vice president to obtain more than $8 million in loans from Democratic benefactors. The loans ‘have not been repaid and the paperwork supporting many of the loans does not exist and has not been produced to the committees.’

The White House said in response to the report, ‘This failed stunt will only be remembered for how it became an embarrassment that their own members distanced themselves from as they only managed to turn up evidence that refuted their false and baseless conspiracy theories. The American people deserve more from House Republicans, and perhaps now they will finally join President Biden in focusing on the real issues that American families actually care about.’

Fox News Digital reached out to the White House for comment on Donalds’ remarks.

This post appeared first on FOX NEWS

Keep Reading
By
Politics

Tim Walz’ claims about using IVF to have family aren’t exactly true

Minnesota Gov. Tim Walz and his wife, first lady Gwen Walz, have clarified that they conceived their children not through IVF, as the governor had previously said or implied in interviews, but through another fertility treatment. 

Republican vice presidential nominee Sen. JD Vance of Ohio, took to social media platform X, formerly Twitter, to seize on the revelation and ask, ‘Who lies about something like that?’ after asserting that Walz had deceived the public about having children via IVF, adding to his earlier attack that Walz had ‘lied’ about his service in the National Guard. 

But the Harris-Walz campaign hit back at Vance:

‘The Trump campaign’s attacks on Mrs. Walz are just another example of how cruel and out of touch Donald Trump and JD Vance are when it comes to women’s healthcare,’ Harris-Walz campaign spokesperson Mia Ehrenberg told Fox News Digital. ‘Infertility is a deeply personal journey, but the Governor and Mrs. Walz came forward to share their story because they know that MAGA attacks on reproductive rights are putting all fertility treatments at risk.’

Harris campaign spokesperson Mia Ehrenberg argued to CNN that Tim Walz ‘talks how normal people talk. He was using commonly understood shorthand for fertility treatments.’ The couple did not receive in vitro fertilization (IVF) but instead intrauterine insemination (IUI). 

In a statement shared with media, Gwen Walz said that the journey through fertility treatments is riddled with anxiety, agony and ‘desperation that can eat away at your soul.’ 

‘I cannot fathom the cruelty of politicians who want to take away the freedom for couples to access the care they need,’ she said. ‘After seeing the extreme attacks on reproductive health care across the country — particularly, the efforts in Alabama that jeopardized access to fertility treatments — Tim and I agreed that it was time to formally speak out about our experience.’

‘Like so many who have experienced these challenges, we kept it largely to ourselves at the time — not even sharing the details with our wonderful and close family,’ Gwen Walz explained. ‘The only person who knew in detail what we were going through was our next-door neighbor.’

‘She was a nurse and helped me with the shots I needed as part of the IUI process. I’d rush home from school, and she would give me the shots to ensure we stayed on track.’

Tim Walz stated during an interview with MSNBC in July that he had IVF to thank for their children, saying, ‘Thank God for IVF, my wife and I have two beautiful children.’ In other instances, Walz referred to ‘fertility treatments’ and stressed that the issue of IVF rights remained ‘personal’ for him due to the struggles he and his wife went through to have their children. 

Tim Walz has made his support of IVF a central cause after the Alabama Supreme Court ruling that embryos created by IVF treatments should be considered children, which would lay the groundwork for further legislation on treatments. Embryos that have been fertilized but go unused are often discarded, according to the National Institutes of Health.

The ’embryo disposal decision’ deals with the question of storage after successful childbearing. Many couples end up donating good-quality embryos to a research program, but discarding fertilized embryos remains a common practice. 

IVF requires the removal of several eggs and fertilization outside the body before transfer into the uterus, while IUI directly injects the sperm into the uterus. IUI also involved ‘washing’ sperm to separate them from seminal fluid to increase the number of sperm transferred and increase chances of successful fertilization, according to Cleveland Clinic Health Essentials.

Former President Donald Trump shortly after the Alabama ruling stressed, ‘We want to make it easier for mothers and fathers to have babies, not harder! That includes supporting the availability of fertility treatments like IVF in every state in America.’ 

‘Today, I am calling on the Alabama Legislature to act quickly to find an immediate solution to preserve the availability of IVF in Alabama,’ Trump said in a post on Truth Social following the decision. ‘The Republican Party should always be on the side of the Miracle of Life – and the side of Mothers, Fathers, and their Beautiful Babies.’

The correction issued by the Harris-Walz campaign is another they have had to make regarding previous statements Tim Walz has made, including clarification on his National Guard service. 

The team altered its biography of Tim Walz on the campaign website amid ongoing scrutiny of Walz’s service, changing it from saying he was a ‘retired Command Sergeant Major’ to ‘served as a command sergeant major.’

Tim Walz retired from the Guard after nearly 25 years of service, but his rank was reduced months later, leaving him as a master sergeant. 

National Guard officials have said that he retired before fulfilling requirements for the position, including coursework at the U.S. Army Sergeants Major Academy. The subsequent lower rank was due to benefit requirements and a technicality.

The Trump-Vance campaign did not respond to a Fox News Digital request for comment by the time of publication. 

Fox News Digital’s Adam Shaw contributed to this report. 

This post appeared first on FOX NEWS

Keep Reading
By
Investing

Piche Resources

Investor Insight

With high-quality, drill-ready assets, with world-class discovery potential, Piche Resources is a compelling business case for investors looking to leverage a bull market for uranium and gold.

Overview

Piche Resources (ASX:PR2) holds a portfolio of drill-ready uranium and gold assets in Argentina and Australia. These projects include: the Ashburton uranium project in Western Australia’s prolific Pilbara region; the Sierra Cuadrada uranium project in the San Jorge Basin in Argentina; and the Cerro Chacon gold project which shares geological similarities with the Cerro Negro mine in Argentina. Exploration work at these assets indicate their potential to become world-class projects.

Piche has an internationally recognized board focused on creating long-term shareholder value, and an in-country technical team in Argentina with a proven track record of taking projects from discovery through to development.

Company Highlights

The company’s Australian asset is the Ashburton uranium project which has been drilled previously and recorded high-grade uranium intersections over significant widths.In Argentina, the company’s Sierra Cuadrada uranium project in the San Jorge Basin has a significant history of high-grade, near-surface uranium mining operations.The company is currently drilling one of its prospects at Sierra Cuadrada and has announced visible uranium in numerous holes. Multiple other prospects are drill-ready and have the potential to host tier 1 uranium deposits.Exposure to gold with high-quality precious metal projects in Argentina that boast surface outcrop samples with gold grade up to 13 g/t gold.Internationally renowned board and management team with extensive uranium and gold exploration and development experience.

Key Projects

Uranium: Ashburton Project, Australia

The Ashburton uranium project comprises three exploration licences across a 122 sq kmland package in the Pilbara region of Western Australia, 1,150 km north of Perth. The company has highlighted uranium mineralization across 65 km of strike comprising 14 historic uranium occurrences, with a high-grade zone extending over several kilometres. Of particular interest is the Angelo River prospects that are believed to be part of a larger mineralized uranium system. Historic exploration by Pancontinental (62 holes) highlighted 71 intercepts with grades greater than 500 ppm U3O8 approximating a grade of 1.1 lbs of U3O8 per tonne. High-grade drilling results from the prospect include 10.5 m at 4,380 ppm U3O8 (AR1004) and 9 m at 3,490 ppm U3O8 (AR1009). The potential deposit is open along strike and at depth.

The Ashburton uranium project has the potential to host uranium mineral deposits similar to the Pine Creek Geosyncline in Australia’s Northern Territory, and the Athabasca Basin in Saskatchewan, Canada.

Three prospects at Ashburton provide organic upside from exploration. The Atlantis prospect includes high-grade historic drilling results of 5.5 m at 0.62 percent U3O8 and 2.2 m at 0.71 percent U3O8 with rock chip samples of up to 37 percent U3O8. The NDG prospect boasts numerous high-grade rock chip samples of 3.03 percent, 0.71 percent and 0.67 percent U3O8 associated with surface uranium radiometric anomalies. Lastly, the Canyon Creek prospect boasts rock chip samples of 1 percent U3O8 that are also associated with surface uranium radiometric and tempest EM anomalies.

Uranium: Sierra Cuadrada, Argentina

The Sierra Cuadrada project is located in the San Jorge Basin and spans 1,300 sq km, 200 km north of Comodoro Rivadavia. The project is flat lying, with visible uranium assays of >3,000 U3O8 or 6.6 lbs per tonne. The mineralization occurs at varying stratigraphic layers and remains open at depth. There is potential for numerous continuous zones up to 30 km wide and 40 km long. Mineralization is open along strike NW and SW and downdip. Further work will include delineating the deposit with shallow drilling and trenching that Pinche boasts can be done at very low cost.

The Argentine National Atomic Energy Commission explored for uranium across Argentina from the mid 1950s resulting in thousands of anomalies and eight developed mining operations. In the Chubut province radiometric and EM surveys have been identified across two large Cretaceous paleochannels in the San Jorge Basin which extend for over 200 km N-S and 30 to 60 km E-W. Three high grade deposits highlighting the development potential of the area include: 1) the Cerro Condor 2) the Los Adobes, and 3) Cerro Solo mining operations. Cerro Condor and Los Adobes are both past-producing operations with grades of 6,000 ppm U3O8 and 1,400 U3O8 found in outcrop, respectively.

Gold: Cerro Chacon, Argentina

The Cerro Chacon gold project is located 10 km south of Paso de Indios, in the Chubut Province of Argentina. The land tenement spans 365 sq km of prospective precious metals occurrences. Structural mapping and geochemical sampling at the Chacon Grid identified mineralized systems consistent with surface signatures at the Cerro Negro Mine that boasts a contained metal inventory of 5.8 Moz of gold and 50 Moz of silver.

Geophysics work at Cerro Chacon has highlighted targets with significant similarities to Cerro Negro. Additionally, mineralization is hosted in low-sulphidation epithermal vein systems that are associated with argillic alteration and are commonly 8 to 15 m in width. Multiple occurrences beyond 13 g/t gold have been recorded in veins and have been demonstrated to continue at depth. Near-term work will include detailed mapping and sampling, extending the geophysical survey to cover up to 6 km of known vein systems, and preparing pads for drilling.

Management Team

John (Gus) Simpson – Executive Chairman

John Simpson has over 37 years’ experience in mineral exploration, development and mining. He has extensive experience across equity capital markets and corporate governance, and was previously the executive chairman/founder at Peninsula Energy Limited (ASX:PEN), a USA uranium producer.

Stephen Mann – Managing Director

Stephen Mann is a geologist with over 40 years’ experience in the exploration, discovery and development of mining projects, including 20 years in the uranium sector. He was previously the Australian managing director of Orano, the world’s third largest uranium producer.

Pablo Marcet –Executive Director

Pablo Marcet is a senior geoscientist with 38 years of experience in the exploration, discovery and development of mineral deposits. He is currently an independent director of lithium producer Arcadium Lithium (NYSE:ALTM) and was previously a director of Barrick Gold (NYSE:GOLD) and U3O8 (TSX:U3O8)

Clark Beyer – Non-executive Director

Clark Beyer is an internationally recognised nuclear industry executive with over 35 years’ experience. He was previously the managing director of Rio Tinto Uranium Limited and is currently principal of Global Fuel Solutions LLC, which provides strategic consulting to the international uranium and nuclear fuels market.

Stanley Macdonald – Non-executive Director

Stanley Macdonald is a nationally recognised mining entrepreneur who has been a founding director and instrumental in the success of numerous ASX listed companies, such as Giralia Resources, Northern Star and Redhill Iron. He is currently a director of Zenith Minerals.

This post appeared first on investingnews.com

Keep Reading
By
Investing

Drilling Update for Mkuju Project

Gladiator Resources Ltd (ASX: GLA) (Gladiator or the Company) is pleased to provide an update on the drilling program currently being undertaken at the Mkuju, located in South-west Tanzania.

Fifth hole at SWC reveals high-grade surface uranium, over 3000ppm eU3O8.1SWC-Mtonya part of a 12km+ corridor with widespread uranium mineralisation of which GLA is targeting a main ‘roll front’.Drill-hole at the southern end of Mtonya (10 km from SWC) has mineralised intervals, supportive of an extensive scale of the system.Drill rig has commenced drilling at Likuyu North to test 6.5km targeted area ‘on-trend’ of the existing 4.6Mlb (U3O8) deposit2.

Roll-front target

Gladiators work indicates that SWC and Mtonya are part of a single 12 km+ long ‘corridor’ (Figure 1) which has the hallmarks of a large roll-front system. Recent and historic drilling has intersected significant uranium intervals – the current view is that the main ‘front’ may be to the side or in advance of this and that uranium in drillholes so far is the ‘lateral’ or ‘tail’ common to many roll-front systems (Figure 2). The uranium has been variably remobilised and enriched by supergene processes giving rise to the extensive surface uranium and radiometric anomalies.

The Company is considering a larger program targeting a full roll-front deposit (if present). The size of the corridor and the rock-types observed has similarities with some of the worlds important roll-front districts such as those of the Colorado Plateau, USA. These factors and the abundance of uranium in the corridor supports further exploration effort to locate a possible main ‘roll-front’. The presence of a core of predominantly hematite oxidised rocks within the areas drilled to date suggests that a main front may be in advance of the areas drilled to date, to the south as indicated on Figure 1.

SWC drilling

Drilling at the SWC target at the far north-east end of the corridor (Figure 1) is now complete. In addition to SWDD001 and SWDD002 already reported3 the 5th and 6th holes also had uranium mineralised intervals, summarised as:

SWDD005: 1.8m @ 3,089ppm eU3O8 from surface
and 1.2m @ 988ppm eU3O8from 5.85m depth SWDD006: 5.3m @ 143ppm eU3O8 from 3.0m depth

The results of the drilling to date at SWC are provided in Table 1. The surface/near surface intersections are now interpreted as the preserved parts of the upper-most uranium bearing level (‘Tier 1’) preserved on the topographic highs and variably enriched by supergene processes (Figure 3). The 2nd interval in SWDD005 is considered to be primary mineralisation as it is within bedrock. A normal fault is interpreted to offset the Tier 1 layer between holes SWDD002 and SWDD003; the fault controls the presence of the layer within the downthrown block but also means that mineralisation is unlikely to be found north of the fault. Holes SWDD002 and SWDD002 were extended to test the lower Tiers 2 and 3 (Figure 3) but only minor uranium mineralisation was encountered.

Mtonya drilling

The Company has drilled two holes towards the southern end of the corridor at the ‘Henri Prospect’ (Figure 1) to test the results reported for Reverse Circulation (RC) holes drilled in 2006-2008 which ended at between 50 and 60 metres depth. MTDD004 intersected uranium at multiple levels, as summarised in Table 1, including 2.3m @ 372ppm eU3O8. Henri is the southern-most target drilled by the Company to date and demonstrates the extent of the ‘corridor’.

At the ‘Mtonya Central’ area, 3 holes have been drilled to step-out on previous holes4 to test the extension of the deposit to the NW (Figure 1) but these holes did not contain significant intervals and appear to be proximal to a fault, possibly part of a series of northeast-southwest oriented ‘bounding faults’ that broadly delineate the northwest margin of the corridor. Based on this drilling, the mineralisation in this area is thought to be ‘lateral ore’ (Figure 2) which is mineralisation along the flanks the roll-front corridor.

Click here for the full ASX Release

This post appeared first on investingnews.com

Keep Reading
By
Investing

Helium Evolution Announces Filing of Q2 2024 Financial Results and Provides Operations Update

Helium Evolution Incorporated (TSXV:HEVI) (‘ HEVI ‘ or the ‘ Company ‘), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, announces the filing of the Company’s interim condensed financial statements and associated management’s discussion and analysis for the three and six months ended June 30, 2024 (the ‘ Q2 Report ‘).

Complete details of the Q2 Report are available on SEDAR+ at www.sedarplus.ca , and on HEVI’s website .

Three and Six Months Ended June 30, 2024 Highlights:

Three months ended Six months ended Tabular amounts in thousands of Canadian Dollars, except share and per share amounts

June 30, 2024

June 30, 2023

June 30, 2024

June 30, 2023 Financial Net loss 254 331 493 642 Net loss per share, basic and diluted 0.00 0.00 0.00 0.00 Cash 4,766 7,728 4,766 7,728 Working capital 4,708 8,781 4,708 8,781 Total assets 10,863 13,027 10,863 13,027 Total liabilities 374 375 374 375 Weighted average shares outstanding Basic and diluted 1 96,033,974 96,033,974 96,033,974 96,033,974

1 The weighted average number of common shares outstanding is not increased for outstanding stock options and warrants when the effect is anti-dilutive.

During the three and six months ended June 30, 2024, HEVI continued to execute on its focused strategy of developing the Company’s 5.6 million acres of helium rights in southern Saskatchewan. With three recent helium discoveries, HEVI has made considerable progress on its ultimate goal of producing and selling helium, generating cash flow and driving positive returns for shareholders. HEVI has remained committed to maintaining ongoing financial flexibility, as evidenced by the Company’s positive working capital position of $4.7 million at June 30, 2024, excluding $0.8 million of tubing and casing that was pre-purchased but not yet utilized.

Operations Update

HEVI is also pleased to provide an operations update, including stimulation results from the helium discovery well at 9-18-3- 8W3 (the ‘ 9-18 Well ‘) at Mankota, in which HEVI maintains a 20% working interest alongside its partner and the operator of the 9-18 Well, North American Helium Inc. (‘ NAH ‘).

HEVI and NAH are strategically planning to embark on an ambitious drilling program, with up to nine joint development wells (the ‘ New Wells ‘) that are expected to build on the three existing helium discoveries in the Mankota area of Saskatchewan, each of which is described in more detail below. To date, surface and environmental restrictions have prevented access to certain parts of Mankota, resulting in some deferrals of drilling, testing and other operating activities in the area. Given this seasonal shift, go forward development at Mankota will be targeted through the upcoming winter months, when restrictions are eased and access allowed.

For context, the map shown here demonstrates the positioning of each of HEVI’s helium discovery wells, future drilling targets and the processing facility licensed at 12-30-2-8W3 (the ‘ 12- 30 Facility ‘).

Helium Discovery – 9-18 Well

Following stimulation in July 2024, the 9-18 Well achieved a last flowing rate of 685 thousand standard cubic feet per day (‘ Mscf/d ‘) at 690 kilopascal (‘ kPa ‘) flowing tubing pressure with a helium concentration of 0.87%, a 12% increase from the initially measured helium concentration of 0.78%. Preliminary results indicate no formation water, which suggests a positive outlook for the future productive potential of the well. Several positive strategic and geological advancements have been provided through the 9-18 Well results, including: Trap confirmation : The existence of a trap, or cap rock, has been proven, which helps to further derisk the Mankota land base and solidify the potential for future helium extraction; Multiple helium-bearing zones : Three distinct helium-bearing zones have been confirmed at Mankota, highlighting the rich helium potential across HEVI’s land base in the area; Helium-charged fairway: A helium charged fairway, extending over 20 kilometers, has been identified, emphasizing the extensive nature of helium deposits in the Mankota area; and Validation of exploration strategies: the 9-18 Well was drilled on a structural high, mirroring other successful helium discoveries that have been delineated downdip into onlapping sands, which have proven to be productive and commercial reservoirs.

Helium Discovery – 2-31 Well

HEVI’s helium discovery well at 2-31-2-8W3 (‘ 2-31 Well ‘) tested at approximately 4,000 Mscf/d at 5,500 kPa flowing tubing pressure with a helium concentration of 0.95% after stimulation, more than three times the 0.3% level deemed commercially viable. Negligible volumes of water were produced at the 2-31 Well, a positive indication for helium recovery and processing.

Helium Discovery – 9-35 Well

HEVI’s helium discovery well at 9-35-3-9W3 (‘ 9-35 Well ‘) flow tested at approximately 7,000 Mscf/d and 9,000 kPa flowing tubing pressure with a helium concentration of 0.64%.

New Well Drilling and Seismic Program

HEVI and NAH intend to drill up to nine New Wells on the joint lands noted in the map herein. The New Wells are expected to be drilled in proximity to NAH’s producing Mankota pool and as a continuation of the trend being developed at Mankota. As noted above, it is anticipated the New Wells will be drilled in the upcoming winter months, given surface and environmental access restrictions. In addition to the New Wells, HEVI is finalizing potential drilling locations on four sections of recently acquired land, in which the Company holds a 100% working interest (‘ 4 Crown Sections ‘) and anticipates shooting additional seismic over the 4 Crown Sections in early 2025. The 4 Crown Sections are strategically located in a central portion of the Mankota helium fairway. In addition, HEVI is pursuing seismic studies in the Fox area and exploring promising leads in both Glenbain and Fox (both outside of the map area shown here), each of which are adjacent to notable NAH discoveries.

Looking ahead, HEVI remains strategically positioned and highly differentiated due to its successful partnership with NAH, Canada’s leading helium driller and producer in Saskatchewan. With a sizeable land base, healthy working capital and numerous catalysts on the horizon, the Company remains excited about the future.

HEVI wishes to thank all shareholders and stakeholders for their continued support and looks forward to providing future updates on its exploration and development activities.

Stay Connected to Helium Evolution

Shareholders and other parties interested in learning more about the Helium Evolution opportunity are encouraged to visit the Company’s website , which includes an updated corporate presentation , and are invited to follow the Company on LinkedIn and X for ongoing corporate updates and helium industry information. Helium Evolution also provides an extensive, commissioned ‘deep-dive’ research report prepared by a third party whose background includes serving as a research analyst for several bank-owned and independent investment dealers. In addition to recent media articles , HEVI maintains a profile on the Investing News Network platform, where further information, editorial pieces and industry reviews are available.

About Helium Evolution Incorporated

Helium Evolution is a Canadian-based helium exploration company holding the largest helium land rights position in North America among publicly-traded companies, focused on developing assets in southern Saskatchewan. The Company has over five million acres of land under permit near proven discoveries of economic helium concentrations which will support scaling the exploration and development efforts across its land base. HEVI’s management and board are executing a differentiated strategy to become a leading supplier of sustainably- produced helium for the growing global helium market.

For further information, please contact:

Greg Robb, President & CEO
Kristi Kunec, CFO Phone: 1-587-330-2459
Email: info@heliumevolution.ca
Web: https://www.heliumevolution.ca/ Cindy Gray, Investor Relations heviinfo@5qir.com | 1-403-705-5076


Statement Regarding Forward-Looking Information

This news release contains statements that constitute ‘forward-looking statements.’ Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur.

Forward-looking statements in this document include statements regarding the Company’s expectations regarding the Company’s ultimate goal of producing and selling helium, generating cash flow and driving positive returns for shareholders, future production from the 9-18 Well, the 2-31 Well and the 9-35 Well, the Company’s expectations regarding scalable helium production from its land generally, the Company and/or NAH’s plans with respect to the 9-18 Well, the 2-31 Well and the 9- 35 Well, potential drilling locations on the 4 Crown Sections, water production in the 9-18 Well, the 2-31 Well and the 9-35 Well, the Company’s expectations regarding recoverability of helium, the size and nature of the reservoir, the Company and/or NAH’s ability to identify future exploration and drilling targets including the New Wells, exploration strategies and delineation, productivity and commerciality of downdip reservoirs, productivity of multiple helium bearing zones, presence of a trap or cap rock in the Mankota area, the size of the helium fairway, the Company and/or NAH’s plans with respect to drilling the New Wells, the Company’s ability to identify seismic studies, shooting seismic over the 4 Crown Sections and the timing thereof, the success of the partnership with NAH, the Company’s intention to provide further updates regarding significant updates and developments, the Company becoming a leading supplier of sustainably-produced helium, the timeline of future updates, the Company’s beliefs regarding growth of the global helium market and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance, achievements or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: NAH and/or HEVI may be unsuccessful in drilling commercially productive wells; the Company and/or NAH may abandon or defer plans for continuing the completion, testing and evaluation of the 9-18 Well; the Company and/or NAH may choose to defer, accelerate or abandon its exploration and development plans including the New Wells and/or wells on the 4 Crown Sections; the Company may abandon, defer or accelerate its plans to acquire or shoot seismic; the Company and/or NAH may determine not to bring the 9-18 Well, the 2-31 Well and/or the 9-35 Well onto production; the Company may abandon its plans to shoot seismic and/or acquire seismic studies; new laws or regulations and/or unforeseen events could adversely affect the Company’s business and results of operations; stock markets have experienced volatility that often has been unrelated to the performance of companies and such volatility may adversely affect the price of the Company’s securities regardless of its operating performance; risks generally associated with the exploration for and production of resources; the uncertainty of estimates and projections relating to expenses and the Company’s working capital position; constraint in the availability of services; commodity price and exchange rate fluctuations; adverse weather or break-up conditions; and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors, risks, other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by 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.

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d150c6fe-eea4-440f-8967-e35643ab67f7  
  https://www.globenewswire.com/NewsRoom/AttachmentNg/ca6f9f51-b693-4a7b-a99d-e11b64d52f07

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Keep Reading
By
Investing

Multiple 20m Intercepts with +1.2% to 1.7% Cu from In-Fill Drilling Nueva Sabana Oxide Deposit, Cuba

Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU, OTCQB: ANTMF) is pleased to advise results from the final 17 in-fill diamond drill holes into the Nueva Sabana oxide deposit in central Cuba, which were completed in July 2024.

HIGHLIGHTS

Gold Domain – Nueva Sabana

HOLE PDH-812m @ 25.26g/t Au from38.5m (incl 1m @ 45.39g/t au)3m @ 19.51g/t Au from 56m (incl 2m @ 26.78g/t Au)HOLE PDH-872m @ 7.46g/t Au from 26mHOLE PDH-931m@ 8.23g/t Au from surface

Copper Domain – Nueva Sabana

HOLE PDH-8925m @ 1.76%Cu from 52m (incl 4m @ 5.56%Cu)HOLE PDH-8821.5m @ 1.73% Cu from 49m (incl 12m @ 2.11%Cu)HOLE PDH-80 25m @ 1.23% Cu from81m (incl 5m @ 3.02%Cu) HOLE PDH-78 15m @ 1.52% Cu from 39mHOLE PDH-859m @ 1.07% Cu from40m (incl 3m @ 2.28%Cu)HOLE PDH-826m @ 1.25%Cu from 37m HOLE PDH-86 5m@ 1.47% Cu from 43m HOLE PDH-90 24m @ 0.84% Cu from 89mHOLE PDH-92 22.3m @ 0.82% Cu from 1.7m HOLE PDH-7912m@ 0.69% Cu from 14m

Sampling Techniques and Data are set out in the JORC Code 2012 Edition Template attached.

NUEVA SABANA OXIDE DEPOSIT

An updated Mineral Resource Estimate (“MRE”) for the proposed Nueva Sabana mine is expected to be completed next month by Brisbane based Mining Associates, after which an updated pit design and mine schedule will be undertaken for the Pre-Feasibility Study.The Nueva Sabana oxide deposit is metallurgically simple, and the Nueva Sabana mine is being planned as a copper project which would benefit from the high grade gold cap during initial operations.Metallurgical test work by Blue Coast Research Laboratories in Canada has indicated a gold recovery of 85% from a simple rougher flotation circuit with a concentrate of 53.1 g/t Au produced from an ore sample grading 2.11 g/t Au, whilst a copper recovery of 84.5% yields concentrate grades of 27% Cu from a rougher and cleaner circuit, which has formed the basis of the process design criteria for the Nueva sabana concentrator.Planning and permitting for the proposed mine is well advanced. Total development costs are estimated to be ~US$30 million with ~US$5 million of pre-development costs including US$1.5 million for the acquisition of the deposit, and ~US$25 million for mine construction based on quotations for site works, industrial buildings, and a turnkey offer for the design and construction of the concentrator and associated grid power substation.The project requires minimal pre-stripping and will not involve the purchase of a mining fleet which is to be hired from the Cuban subsidiary of an international supplier.Finance for the mine construction is being negotiated in the form of an advance on concentrate purchases by an international commodities trader.

Click here for the full ASX Release

This post appeared first on investingnews.com

Keep Reading
By
Investing

Daydream-2 Stimulation Program Successfully Concluded

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

Daydream-2 stimulation program successfully applied to six separate zonesNovel techniques effectively utilised for the first time in AustraliaFlow tests to commence shortly

The Daydream-2 well has now been successfully stimulated in six separate zones – the Lorelle Sandstone (which as per ASX announcement dated 16 August 2024 has recently successfully flowed gas); three sandstones above this; and, two coal zones.

The stimulation program involved the application of various novel methods – including some that Elixir understands have been utilized for the first time in Australia. This research and development aspect of the Daydream-2 program is considered one of the keys to achieving outcomes in line with the material advances achieved in stimulation technology since the Taroom Trough was first appraised around a decade ago.

Operations are now turning to the flow testing phase. Elixir’s aims in this next phase are to:

1. Use various techniques to confirm a separate flow of gas from the coals – hence allowing the commencement of a process of converting what are currently prospective resources into contingent resources.

2. Mill out all plugs and flow all zones together.

3. The period of the flow test will depend on results, clean-up time, etc.

The plans for the Company’s formal reporting of the flow test period will therefore be reactive as results come in.

Elixir’s Managing Director, Mr Neil Young, said: “The successful conclusion of the stimulation phase of the Daydream-2 well – particularly with Elixir being a pioneer in Australian for some of its key aspects – is a real tribute to our technical team and the contractors working for us. We are now moving onto the culmination of the whole program – the final flow testing phase.”

Click here for the full ASX Release

This post appeared first on investingnews.com

Keep Reading
By
Investing

China Approves 11 Nuclear Reactors in US$31 Billion Green Energy Investment

In a move to boost its nuclear energy capacity, China’s State Council has approved the construction of 11 new nuclear reactors across five provinces, with a total estimated investment of US$31 billion.

Bloomberg reported on Monday (August 19) that the reactors are set to be completed in five years, and will be built across sites in Jiangsu, Shandong, Guangdong, Zhejiang and Guangxi. China National Nuclear (CNNC) and China General Nuclear Power Group (CGN), both state-owned entities, will oversee the majority of these projects.

The reactors are part of China’s broader strategy to double its nuclear energy production by 2035.

Two of CNNC’s reactors will be Hualong One models, as will six belonging to CGN. These reactors rely almost entirely on domestically produced components, reflecting China’s ongoing emphasis on technological self-sufficiency.

CNNC will also construct a high-temperature gas-cooled reactor, a fourth-generation design that enhances safety features while generating both heat and electricity. In total, CNNC has been approved for three reactors, while CGN has been approved for six. A third company, State Power Investment, has been approved for two reactors.

The approval of these projects aligns with the Asian powerhouse’s broader commitment to diversifying its energy mix. Currently nuclear power accounts for 5 percent of the country’s electricity generation. China has a long-term plan to increase this to 10 percent by 2035, alongside a massive expansion in renewable energy projects such as wind and solar.

According to a report from think tank Global Energy Monitor, China is responsible for nearly two-thirds of the global wind and solar projects currently under construction. The country is also adding 339 gigawatts of new utility-scale wind and solar capacity, which is more than eight times the project pipeline in the US, the second largest market for renewables.

This rapid growth in renewable energy has already begun to shift China’s energy landscape. In May, 44 percent of its electricity generation came from non-fossil fuel sources, including solar, wind, nuclear and hydropower. Coal’s share of electricity generation fell to 53 percent, a record low, down from 60 percent in the same period the previous year.

The rise in renewable energy has also led to a decline in China’s CO2 emissions. Data from the China Electricity Council and analysis by the Asia Society Policy Institute suggests its emissions from the power sector may have peaked in 2023.

Reuters reported last month that the country’s solar power generation rose 78 percent year-on-year in May, while wind power saw a more modest 5 percent increase. Overall, the increase in renewable energy capacity has contributed to a 3.6 percent decline in emissions from the power sector, even with higher total electricity demand.

As further developments in China’s renewable energy infrastructure continue, the nation’s trend toward falling emissions is expected to increase as projects reach completion.

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

This post appeared first on investingnews.com

Keep Reading
By
Investing

How Will the US Election Affect the Crypto Industry? (Updated 2024)

As the world continues to embrace digital currencies and blockchain technology, the cryptocurrency industry is solidifying its position on a broad scale as a key part of the global economy.

Six months in, 2024 has already been a big year for crypto, with milestones including a new all-time high for the Bitcoin price, and the approval of spot Bitcoin and Ether exchange-traded funds in the US.

Heading into the second half of the year, the US election is expected to have far-reaching implications for the crypto market in America and potentially beyond. Issues such as regulation, taxation and the integration of cryptocurrencies into the mainstream economy will be critical in shaping the future of this dynamic sector.

The stakes are high for crypto market participants who want to secure their interests in a rapidly evolving financial landscape. Perhaps unsurprisingly, this burgeoning industry has already become a major talking point in the US election cycle as crypto-friendly Congressional nominees and a favorable regulatory framework become a focus for voters.

A recent article by Coinbase examined the influence Gen Z and Millennial voters will have on this year’s election results. Voters from the two generations make up 40 percent of all eligible voters in 2024, and by 2028, they will account for more than half of the voting population. Research commissioned by Coinbase found that 51 percent of respondents from those generations would likely support candidates that support crypto-friendly policies.

As the crypto narrative continues to intertwine with the US election cycle, the choices made in the voting booth could well determine the trajectory of this transformative technology. The stage is set for a pivotal moment in the crypto industry’s history, and the decisions made in the next few months will echo far into the future of finance.

How is the crypto sector influencing the US election?

While the US election is set to impact the crypto market, the reverse is also true — the industry is already influencing lawmakers at both the federal and state levels as voting day approaches.

In December 2023, in order to gain a toehold in the political sphere, a group of three affiliated super political action committees (PACs) backed by prominent figures in the crypto sphere revealed plans to invest a substantial US$78 million with the aim of supporting crypto-friendly candidates in upcoming political campaigns.

Fairshake, one of the group’s three affiliated super PACs, has now raised upwards of US$203 million through donations from major stakeholders, including significant contributions from the Winklevoss twins and companies such as Kraken, Coinbase (NASDAQ:COIN) and Electric Capital Partners. The group reportedly spent around US$10 million on attack ads in an attempt to sway voters against Representative Katie Porter (D-CA) in the race to represent California in the Senate. Porter, who has been outspoken against corporate interests and federal lobbyists, ultimately lost the race.

In January, CNBC reported on lobbying efforts by the Cedar Innovation Foundation, whose backers are unknown. Its aim was to unseat Senate Banking Chairman Sherrod Brown (D-OH) — a crypto cynic. Brown later supported stablecoin legislation tied to a package that included cannabis banking reform, which he has called a “high priority,” but emphasized that crypto bills must have guardrails and consumer protection to secure his vote.

Since President Joe Biden announced his withdrawal from the US Presidential race on July 21, the crypto industry has been thrust into a new political landscape. Managing Editor for Global Policy and Regulation at CoinDesk Nikhilesh De reported that sources told CoinDesk that Vice President Kamala Harris taking over the campaign will serve as a reset for the Democratic stance on cryptocurrency. Twenty-eight Democrats sent a letter to Democratic National Committee Chairman Jaime Harrison on July 26, calling for a “forward-looking approach to digital assets and blockchain technology.”

How is crypto currently regulated in the US?

The regulatory landscape for the crypto industry in the US is still evolving, and further developments are expected to occur in the coming years. As it stands, various government agenciesemploy diverse strategies to regulate different aspects of the industry, reflecting their unique mandates and objectives.

The US Securities and Exchange Commission (SEC) is the primary regulator of securities in the US and, under Chairman Gary Gensler, who was appointed by President Joe Biden, it has taken the view that many cryptocurrencies constitute securities and are therefore subject to federal securities laws.

The Commodity Futures Trading Commission (CFTC) is the primary regulator of futures and options contracts in the US. It is of the opinion that certain cryptocurrencies, such as Bitcoin and Ethereum, are commodities due to their decentralized nature and the fact that they are not backed by a government or other central authority.

Both regulators have taken action against crypto exchanges for breaking laws. Most notably, the CFTC brought charges against Binance founder Changpeng Zhao for violating the Commodity Exchange Act in March 2023. Meanwhile, the SEC has been involved in litigation against numerous crypto companies for years.

Majority party split on crypto regulation

Democrats appear divided on the best approach to crypto regulation. While some have cited concerns that overregulation could stifle innovation, other representatives, like Senator Elizabeth Warren (D-MA), have advocated for more stringent policies, citing threats to national security without proper money-laundering provisions in place.

That division became evident when a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB-121) passed in the House in early May. The resolution, which requires firms that provide custody for crypto assets to record them as liabilities, was primarily backed by Republicans, who argued it would reduce regulatory burdens, enable crypto innovation and challenge the SEC’s evolving guidance on digital asset custody. Opponents said reversing the order would undermine the SEC’s authority, which put the measure in place to protect consumers and investors from fraud.

Despite Biden’s opposition to the resolution and his promise to veto the decision, 11 Democratic senators crossed party lines to vote in favor, including Senate Majority Leader Chuck Schumer. His vote to repeal SAB-121 may have been motivated by Republican nominee Donald Trump’s recent support of crypto-friendly policies, which has put pressure on Democrats to reconsider their positions on crypto regulation to avoid losing votes from the crypto crowd.

Biden did ultimately veto SAB-121, but the split among Democrats, as well as the SEC’s recent approval of spot Bitcoin and Ether exchange-traded funds, and the passing of three crypto-related bills, has led some analysts to suggest that the party may be easing its approach to appease pro-crypto voters and gain the support of the crypto-backed super PACs.

Key US crypto legislation to watch

With cryptocurrencies becoming more mainstream, US lawmakers have been strongly encouraged to create a clear and comprehensive regulatory framework for this rapidly evolving industry.

FIT21 Act

The Financial Innovation and Technology for the 21st Century Act (FIT21) is the first federal bill specifically focused on cryptocurrencies to pass one chamber of Congress. It provides a comprehensive and clear regulatory framework, giving the CFTC greater regulatory authority for digital assets over the SEC.

Ranking members of the Democratic Party said they would not whip Democrat votes against FIT21 despite the party’s belief that it creates uncertainty and undermines established legal precedents in its current form. FIT21 received “overwhelming bipartisan support” in the House on May 22, passing with a vote of 279 to 136.

Former House Speaker Nancy Pelosi was one of the votes in favor of FIT21. When she was speaker, she accepted donations on behalf of the House Majority PAC from ex-crypto king Sam Bankman-Fried before his arrest in 2022. Sources for the American Prospect confirmed she was considering the motion days before the vote took place.

Some lawmakers are urging Congress to hold a Senate vote for FIT21 ahead of the November election, although this has been opposed by the president and the SEC.

Responsible Financial Innovation Act

For opponents, the Responsible Financial Innovation Act offers an alternative approach. The bill was a bipartisan effort that was reintroduced by Senators Cynthia Lummis (R-WYO) and Kirsten Gillibrand (D-NY) in July 2023. It has since been referred to the Committee on Banking, Housing and Urban Affairs.

The Act is similar to FIT21; however, there are also some differences between the two bills in terms of their specific provisions and approaches. For example, FIT21 places a greater emphasis on defining key terms and providing exemptions from duplicative regulations, while the Responsible Financial Innovation Act focuses more on consumer protection and combating illicit finance, goals that align with statements made by the White House.

Digital Asset Anti-Money Laundering Act

While the Responsible Financial Innovation Act seeks to provide a comprehensive framework for regulating digital assets, the Digital Asset Anti-Money Laundering Act aims to address concerns around money laundering and illicit finance in the digital asset space. The bill has 19 sponsors, including Republicans Lindsey Graham (R-SC) and Roger Marshall (R-KS), as well as Warren, a longtime political ally to the current president.

What does Harris think about crypto?

The Democrat’s presidential nominee is Kamala Harris, who is currently serving in the Biden administration as Vice President. This section will discuss Harris’ own positions on crypto alongside those of the Biden administration.

There has been heightened government engagement with the crypto sector under the Biden administration. He has been carefully navigating the crypto industry, aiming to balance innovation and economic growth with consumer protection and regulatory oversight.

In March 2022, Biden signed an executive order outlining a strategy to assess the risks and benefits of cryptocurrencies. It focused on six key areas, including consumer protection, responsible innovation and global competitiveness. The order also addressed the lack of coordination between government agencies by promoting a more unified approach.

Building on this move, the White House released a more detailed framework for responsible digital asset development in September 2022. It expanded upon the key areas identified in the initial executive order and provided further guidance for a coordinated, government-wide approach to managing the risks and harnessing the benefits of digital assets.

It is currently not known whether a Harris administration would enact the crypto policies laid out in Biden’s 2025 budget proposal, which includes measures that prevent investors from immediately selling and repurchasing digital assets, as well as one that would require more traditional reporting methods for digital asset transactions. The budget also includes an excise tax on electricity used to mine cryptocurrencies, which is expected to generate US$10 billion in revenue in 2025 and over US$42 billion over 10 years.

As discussed earlier, the Democratic Party struggled to maintain a unified approach to cryptocurrencies under the Biden administration. Harris has yet to take an official stance on the issue, and any mention of crypto regulation was noticeably absent from the Democratic Party’s 2024 Platform.

However, crypto Dems have some reasons to be hopeful of a moderate approach. Harris has ties to the tech industry going back to her time as an Attorney General in California in the 2010s, where she was influential in facilitating an agreement on privacy policies.

In early August, Harris was also publicly backed by crypto platform Uphold board member JP Thieriot, and she has reportedly been meeting with industry officials in the weeks leading up to the August 14 online “townhall” event of crypto Democrats, Crypto4Harris, which does not have ties to the official campaign.

What does Trump think about crypto?

In response to the crypto industry’s growing influence in the political sphere, Trump also appears to have shifted toward a supportive stance in recent months. After initial skepticism, his forays into the crypto world include the launch of his second collection of Trump Cards, a non-fungible token (NFT) collection on the Polygon blockchain.

In May, Trump became the first presidential nominee to accept donations in digital currencies, and in June, he advocated on Truth Social for all future Bitcoin mining to be done in the US.

Also in May, Lee Bratcher, founder and president of the Texas Blockchain Council, shared insights with Coindesk on Trump’s interest in crypto, suggesting he may have been influenced by former Republican presidential candidate Vivek Ramaswamy, who was supportive of cryptocurrencies and blockchain technology during his brief campaign.

“Trump looks to Vivek on tech and digital asset policy,” Bratcher said. “When he saw how Vivek captured the Republican voter — and more centrist (voters) than Trump can capture — he’s probably more interested in that (policy).’

Trump appears to be driven by a desire to distinguish himself from political opponents who favor a more active regulatory approach, as well as crypto’s increasing popularity and potential.

In May, he criticized Biden, the Democratic party and Gensler at a dinner for buyers of his NFT cards, telling pro-crypto attendees that they “better vote for Trump” if they want crypto in “any form.”

While he hasn’t explicitly said how he plans to tax digital assets, Trump is a prominent proponent of lower taxes. His administration signed the Tax Cuts and Jobs Act into law in 2017, the largest tax code change made in decades. Provisions within the act are set to expire in 2025, although Trump has said he will make them permanent if he is re-elected. The Congressional Budget Office has estimated that if they become permanent, these tax cuts would deduct billions from the US revenue base annually beginning in 2027.

At a rally in New Jersey in mid-May, Trump promised voters that he would impose further tax cuts, lowering the maximum capital gains tax rate from 20 percent to 15 percent. This would affect crypto assets, as the Internal Revenue Service (IRS) treats cryptocurrencies as property, making transactions subject to capital gains and other taxes.

According to Section 1031 of the tax code, some capital gains taxes can be deferred for like-kind exchanges — in other words, investments that are of the same nature or character, even if they differ in size or value. The IRS concluded in 2021 that only “real property” can qualify for tax deference as like-kind exchanges, excluding swaps of cryptocurrency. However, some attorneys disagree with that classification.

Trump spoke at the 2024 Bitcoin Conference in Nashville on July 27, promising friendly regulations and the creation of a strategic Bitcoin stockpile for the US. A draft of legislation to support a Bitcoin reserve was introduced by Senator Cynthia Lummis (R-Wy) at the event following Trump’s speech. The draft legislation for the reserve fund briefly mentions that it would contribute to reducing the US national debt, but it lacks specific details on how this would be achieved. Trump was notably tight-lipped on the issue during a recent interview with Elon Musk.

It’s worth noting that a special-interest group called Project 2025 has developed a 900 page conservative policy agenda called the Mandate for Leadership that includes strategies to shift the power of the IRS and other agencies toward the executive branch. Additionally, the document recommends that the SEC and the CFTC collaborate to delineate the distinction between digital assets that are classified as securities and those that are considered commodities.

The group was organized by the Heritage Foundation, a conservative think tank that has influenced Republican policies in the past, including during Trump’s presidency.

Investor takeaway

Trump’s statements in recent months suggest a permissive stance toward crypto if he is elected. A Harris administration could be more open and forward-thinking than the cautious approach taken by the current Biden administration, but will likely prioritize careful decision-making.

Most crypto experts advocate for a regulated approach, arguing that increased regulatory efforts have served as an incentive for more serious investors. Indeed, this regulatory push has been a significant catalyst for crypto’s impressive performance over the past seven to eight months. Ultimately, the outcome of the election will have important implications for the future of crypto regulation and the broader crypto industry.

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

This post appeared first on investingnews.com

Keep Reading
By
Investing

Elixir Energy

Overview

Elixir Energy (ASX:EXR) is a gas exploration and development company currently focused on its portfolio of natural gas assets in Queensland, Australia and Mongolia. As an early mover in both areas, Elixir Energy has been the first company ever to free-flow gas from the deep Taroom Trough in Queensland and flow gas of any description in Mongolia.

Elixir Energy’s Grandis Gas project in Queensland is located in the Taroom Trough in the Southern Bowen Basin, where Australia’s premier physical and commercial gas hub – Wallumbilla – is immediately adjacent. Market factors are now driving new rounds of drilling in the Taroom Trough contributing to its reputation as an emerging energy super basin with major electricity as well as gas infrastructure.

A successful free-flowing test was conducted on the Lorelle Sandstone and has indicated it could produce a commercial flow rate of gas, with the breakeven commercial initial flow rate estimated at 2.5 million cubic feet per day.

Gas flow from Stage 1 Lorelle Sandstone post stimulation

Elixir Energy’s Nomgon coal-bed methane (CBM) project is located in Mongolia.

The Nomgon CBM project is in the South Gobi region of Mongolia and on the Chinese/Mongolian border. The ideal location of the asset provides access to excellent infrastructure, including planned pipelines and local mines as customers. The Nomgon project includes a CBM pilot production plant, which flowed gas in its early stages and is now moving to progressively de-water with a view to building up a sustained gas flow rate.

The company is led by a highly experienced team with direct histories in Queensland, Australia and Mongolia and expertise in the natural resources industry, community engagement and working with government stakeholders.

Company Highlights

Elixir Energy (ASX:EXR) is an exploration and development company with energy assets in Australia and Mongolia, targeting natural gas and renewable energy/hydrogen.The company’s Grandis Gas project in Queensland is located in an established gas and oil region, with exceptional access to existing infrastructure and high gas prices.The region is currently hosting multi-operator activity, including by Shell.Elixir has discovered a deep free-flowing gas zone in Grandis – the first of its kind.The company was also the first to flow natural gas in Mongolia, pioneering production in the country.A management team with a wide range of expertise in the natural resources sector provides leadership for maximising the value of Elixir Energy’s assets.

Key Projects

Grandis Gas Project

The company’s asset in Queensland, Australia, covers approximately 1,000 square kilometers in an established oil and gas province. The project is well-suited for cost-effective transportation to domestic and international gas markets.

Project Highlights:

Strong Local Infrastructure: The region’s long history of oil and gas production has resulted in a robust infrastructure, including gas transportation and electricity transmission access – and community support for the industry.Adjacent to Current and Proposed Pipelines: The asset is located close to existing – and proposed gas pipelines to assist in efficient and low-cost transportation as production commences.

Daydream-2 Lorelle Sandstone Flow Testing*

Nomgon CBM Project

Elixir Energy’s 100-percent-owned coal-bed methane (CBM) project is ideally located in the South Gobi region of Mongolia. This location gives the asset access to robust local infrastructure and close access to Chinese energy markets – the world’s largest.

Project Highlights:

CBM Pilot Project In Production: The pilot plant passed a key production milestone of 200,000 square cubic feet per day in its early stages. Water production has progressed since these early flows with a view to de-pressuring the CBM reservoir, leading to sustained gas flows.

Management Team

Richard Cottee – Non-executive Chairman

Richard Cottee was appointed as the non-executive chairman of the company on April 29, 2019. Cottee was the managing director of coal-seam-gas(CSG)-focused Queensland Gas Company (QGC) during its growth from a $20-million market capitalization junior explorer through to its acquisition by BG Group for $5.7 billion. QGC’s CSG assets are now operated by Shell and produce gas that is sold to China and other LNG markets.

Originally a lawyer, Cottee has spent the vast majority of his career in senior executive roles in the energy industry, including as CEO at CS Energy, NRG Europe, Central Petroleum and Nexus Energy. A 32-year veteran of the industry, Cottee is a strong business development professional and a graduate of The University of Queensland.

Neil Young – Managing Director and Chief Executive Officer

Neil Young was appointed to the board of Elixir on December 14, 2018, as its chief executive officer. Young has more than 20 years of experience in senior management positions in the upstream and downstream parts of the energy sector, focusing on business development, new ventures, gas marketing and general commercial functions. He has worked for a range of companies in the UK and Australia, including EY, Tarong Energy and Santos. Young founded Golden Horde Ltd in 2011 to explore gas on the Chinese border in Mongolia. He has also developed various new ventures in other countries including Kazakhstan, Japan and the USA. Young has an M.A. (Hons) joint degree in economics/politics from the University of Edinburgh.

Stephen Kelemen – Non-executive Director

Stephen Kelemen was appointed as the non-executive director of the company on May 6, 2019. Kelemen led Santos’ coal seam gas (CSG) team from its inception in 2004 and drove the growth in this area that allowed Santos to become one of Australia’s leading CSG companies.

An engineering graduate from Adelaide University, Kelemen served Santos for 38 years in multiple technical and leadership roles.

Kelemen is currently an adjunct professor at the University of Queensland’s Centre for Coal Seam Gas and also acts as a non-executive director on the boards of Galilee Energy (ASX:GLL) and Advent Energy.

Anna Sloboda – Non-executive Director

Anna Sloboda was appointed as the non-executive director of the company on October 1, 2020. Sloboda is a joint Belarusian/Australian citizen and has more than 20 years of experience in corporate finance, and in developing junior resource companies operating around the world.

Sloboda is currently an executive director of Red Citadel Resources Pty Ltd, a privately owned mineral resources exploration company with a range of projects in Africa and South America.

She also serves as an advisory committee member, maritime archaeology, at the Western Australian Museum.

Previously she was a co-founder of Trans-Tasman Resources and in that capacity had substantial experience in dealing with Chinese off-takers and partners. Other prior employers include Lehman Brothers, Clough and Curtin University.

Sloboda has a Master of Economics from Belarusian University and an executive MBA from Melbourne Business School.

Victoria Allinson – Company Secretary and Chief Financial Officer

Victoria Allinson is a fellow of The Association of Certified Chartered Accountants, a fellow of the Governance Institute of Australia and an NSX-nominated advisor. She has more than 30 years of accounting and auditing experience, including senior accounting positions in a number of listed companies and was an audit manager for Deloitte Touche Tohmatsu. Allinson has gained professional experience while living and working in both Australia and the United Kingdom.

Her previous experience has included being company secretary and CFO for a number of listed companies, including ASX-listed: Kiland, Safety Medical Products, Marmota Limited, Centrex Metals, Adelaide Energy, Enterprise Energy NL, and Island Sky Australia as well as several unlisted companies.

This post appeared first on investingnews.com

Keep Reading
By