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Former White House chief of staff Ron Klain is cooperating with congressional investigators seeking information into former President Joe Biden’s mental health during his time in office, a pair of lawmakers suggested Thursday.

Klain, who ran Biden’s White House for the first two years of his term, is currently sitting down with staff on the House Oversight Committee as part of Chair James Comer’s probe into whether top administration aides covered up signs of decline in the former president while he was in office.

Rep. Ro Khanna, D-Calif., told reporters roughly an hour into the session that Klain ‘answered every question’ that Republicans put forward.

‘I found Mr. Klain to be very credible. He answered every single question. He was fully cooperative. There are times where he was asked about personal conversations he had with the president, and he was forthcoming,’ Khanna said.

‘I really appreciate his candor and the comprehensive way he had answered every question.’

Rep. Andy Biggs, R-Ariz., told Fox News Digital minutes later when asked if Klain was credible, ‘Yeah – when I say credible, I think he is telling what he knows accurately. I mean, he’s trying to be accurate. So that’s what I’d say.’

‘In my opinion, he is not trying to avoid answering the questions. He’s answering the questions carefully. He’s saying the things that I kind of expected him to say,’ Biggs said. ‘But he’s been answering the questions, I think, forthrightly and in the way he sees the world.’

Comer, R-Ky., echoed the positive feedback to reporters when the session temporarily broke for lunch.

‘I think we’re having a very good transcribed interview. Mr. Klain is being fairly responsive to our questions,’ Comer said, adding that it would likely ‘go late into the afternoon.’

While he declined to give specifics on the back-and-forth, Comer told reporters, ‘We’ve asked specific questions. Obviously, evidence emerges on a daily basis that would suggest Joe Biden wasn’t mentally fit to be President of the United States.’

In closed-door transcribed interviews, it’s common for Republican and Democratic committee staff to each get an hour of questioning at a time, trading off until no more questions remain.

The two lawmakers spoke to reporters after the first hour of GOP questioning was finished.

That means Klain’s interview could go on for several hours.

Comer is investigating whether Biden’s top White House aides concealed signs of mental decline in the then-president, and if that meant executive actions were signed via autopen without his knowledge.

Biden maintained he ‘made every decision’ in a recent interview with The New York Times.

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The United States has withdrawn its delegation from Doha, where it was participating in ceasefire negotiations this week, according to United States Special Envoy to the Middle East Steve Witkoff.

The announcement came the same day Israeli Prime Minister Benjamin Netanyahu’s office also announced that its negotiators in Doha would also be leaving in light of the response from Hamas. Witkoff also met with Israeli and Qatari officials in Rome Thursday, according to reports.  

‘We have decided to bring our team home from Doha for consultations after the latest response from Hamas, which clearly shows a lack of desire to reach a ceasefire in Gaza,’ Witkoff said in a statement Thursday. 

‘While the mediators have made a great effort, Hamas does not appear to be coordinated or acting in good faith. We will now consider alternative options to bring the hostages home and try to create a more stable environment for the people of Gaza.’

Witkoff added that it was a ‘shame’ Hamas has acted in such a ‘selfish way,’ adding the U.S. stands resolute in its efforts to bring permanent peace to the region.

According to Israeli media reports, Hamas is now demanding the release of 200 Palestinians serving life sentences for murdering Israelis and an additional 2,000 Palestinians detained in Gaza after Oct. 7. 

The demand significantly exceeds the previous mediator-backed framework reportedly accepted by Israel, which included the release of 125 life-term prisoners and 1,200 other detainees.

At a State Department briefing Thursday, principal deputy spokesperson Tommy Pigott would not elaborate on any details pertaining to the ‘alternative options’ the U.S. was considering in its effort to bring home hostages and create a more stable environment in Gaza.

‘At this point, (there’s) nothing to preview,’ Pigott told reporters. 

Pigott was also asked whether the U.S. would ever work within the Doha framework to advance negotiations again, a framework that has included representatives from Egypt, Qatar, Hamas, Israel and the United States, but he similarly did not share any details on that front. 

‘Ultimately, the special envoy statement speaks for itself, but I think the broader context here is also important. The fact that we have seen Hamas first break that ceasefire that existed on Oct. 7, then break another ceasefire, and then, here, as the special envoy makes clear, not acting in a way in order to achieve a ceasefire again,’ Pigott said Thursday. ‘So, to reiterate, the question has never been our commitment to a ceasefire. It has been Hamas’. They have shown that again and again and again and have just shown it once again.’

‘Israel has long accepted a deal on the table, and Hamas has long rejected it,’ he added.

During Thursday’s press briefing at the State Department, the agency also confirmed that the U.S. would not be participating in an upcoming United Nations conference discussing a potential two-state solution between Israelis and the Palestinians.

Fox News’ Efrat Lachter contributed to this report.

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A Jewish-American national security group is sounding an alarm about how America and Israel’s enemies may exploit low missile stockpiles after the 12-day war with Iran.  

Defending Israel and the Al Udeid Air Base in Qatar from Iranian counterstrikes cost the U.S. and Israel between $1.48 billion to $1.58 billion, according to an analysis by the Jewish Institute for National Security of America (JINSA), and burned through a large portion of missile interceptor stockpiles. 

Both the U.S. and Israel now face an ‘urgent need’ to replace those stocks and sharply increase production rates. 

The U.S. had roughly 632 Terminal High Altitude Area Defense (THAAD) interceptors before June 13, the day Israel began its offensive in Iran. About 540 interceptors remain in its arsenal based on JINSA’s calculations of interceptor deliveries and use, according to the report. 

In addition, the two Patriot missile interceptor systems responsible for defending Al Udeid, the U.S.’s largest base in the Middle East that’s home to 10,000 soldiers, reportedly used roughly 30 Patriot interceptors against the 14 Iranian ballistic missiles targeting the site June 23, The interceptors cost about $3.7 million each, totaling $111 million.

Iran launched 574 medium-range ballistic missiles toward Israel and the U.S. airbase in Qatar after Tel Aviv and Washington conducted strikes on Iranian military and nuclear sites between June 13 and June 24, when the conflict ended in Iran’s counterstrike in Qatar.

Lt. Gen. Thomas Bergeson, former chief of U.S. Central Command, said the U.S. and its allies needed to do more to invest in nonkinetic interception mechanisms,or systems that can neutralize a threat without explosive force, would be much cheaper in defending against future attacks. 

‘There’s any number of operational test and developmental testing going on with a cheaper bullet than a multibillion-dollar interceptor to shoot down a relatively inexpensive missile or UAS,’ he said. ‘Any electro-magnetic interference capability, a microwave laser EMP, whatever that can screw up, the guidance system or the proportion of that particular system is something that could be cheaper.

‘You can have literally hundreds if not thousands of rounds in one interceptor at very low cost.’

While the cost for the U.S. and Israel was high, the cost for Iran was greater — between $1.1 billion and $6.6 billion. Air defenses saved Israel about $13.5 billion in property damage.

Iran used up between a third and a half of its ballistic missile arsenal during the 12-day conflict, suggesting Iranian assertions it could have continued striking Israel for years if it wanted were overblown. 

Replacing its missile stockpiles will be even more costly given that Israel struck many of its launchers and production sites. 

But the U.S. used up 14% of its global stockpile of prized THAAD missile interceptors. America’s THAAD system accounted for nearly half of all interceptions due to ‘insufficient’ capacity of Israel’s Arrow interception system. 

It would take three to eight years to replenish the THAAD interceptors used in the 12-day war at current production rates. 

Patriot interceptor production is more robust than THAAD, according to the report, but the U.S. is providing a number of Patriot interceptors to Ukraine. So, it’s unclear how many remain in the stockpile. 

If the U.S. and Israel fail to urgently replenish their interceptor inventories — especially THAAD and Patriot systems — they risk entering the next crisis with dangerously thin defenses, according to the report. Adversaries may take note of the extended gap between munitions use and stockpile replenishment, which leaves U.S. bases across the world open to vulnerabilities. 

‘Iran’s large-scale missile campaign may have revealed vulnerabilities in Israeli and U.S. air defense systems, providing lessons that Iran or other U.S. adversaries could exploit in the future,’ the report said.

The Pentagon could not immediately be reached for comment on its plan to replenish missile interceptor stocks.

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Ex-President Joe Biden’s former chief of staff ignored reporters on his way out of an interview with congressional investigators on Thursday after a marathon grilling behind closed doors.

Ronald Klain served as White House chief of staff for the first half of Biden’s term. He also reportedly played a key role in helping the former leader prepare for what proved to be a disastrous first and only 2024 election debate against current President Donald Trump.

Klain sat with staff and some lawmakers on the House Oversight Committee for hours for a voluntary transcribed interview.

Committee Chair James Comer, R-Ky., earlier told reporters that the interview was going well just after the session broke for lunch.

‘I think we’re having a very good transcribed interview. Mr. Klain is being fairly responsive to our questions,’ Comer said.

Comer is investigating whether Biden’s top White House aides concealed signs of mental decline in the then-president, and if that meant executive actions were signed via autopen without his knowledge.

Lawmakers who briefly attended the interview, however, called him ‘credible.’

‘I think he is telling what he knows accurately,’ Rep. Andy Biggs, R-Ariz., told Fox News Digital.

On the other side of the aisle, Rep. Ro Khanna, D-Calif., told reporters, ‘He answered every single question. He was fully cooperative.’

Comer was guarded, however, in response to questions about how much new information was gleaned.

‘There have been tidbits,’ he said. ‘We’ve asked specific questions. Obviously, evidence emerges on a daily basis that would suggest Joe Biden wasn’t mentally fit to be President of the United States.’

Klain is the sixth former Biden administration aide to appear for Comer’s probe and the third to appear voluntarily.

Former White House physician Kevin O’Connor, as well as senior advisors Annie Tomasini and Anthony Bernal, all appeared under subpoena.

Each also pleaded the Fifth Amendment to avoid answering questions.

Longtime Biden aide Ashley Williams and former staff secretary Neera Tanden both appeared voluntarily.

Like the previous five before him, the longtime Democratic operative did not answer questions from reporters either before or after his interview.

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Lies and lying people comprise the sorry epitaph of Barack Obama’s presidency.  

The Big Lie was that then-candidate Donald Trump colluded with Russia to rig the 2016 presidential election. It derived from a phony dossier commissioned and financed by former Secretary of State Hillary Clinton that Obama’s national security team happily peddled to destroy his successor.  

It begat an even bigger whopper that ‘Putin and the Russian Government developed a clear preference for President-elect Trump’ and ‘aspired to help’ his election chances. This notorious deceit was inserted in the official Intelligence Community Assessment (ICA) that was ordered by Obama himself and conjured up by his CIA Director John Brennan.  

None of it was true. 

The bogus dossier was exploited to justify the ICA. Conversely, the ICA was used to legitimize the dossier. The circular faux verification was a clever ruse. And it worked splendidly. When both documents were leaked to the gullible Trump-hating media, journalists adopted them without question as sacred gospel from the Holy Book of Obama. The Russia hoax took off like a rocket.  

It crash-landed on Wednesday, July 23, when Tulsi Gabbard, the director of National Intelligence, accused Obama, Brennan and others of engineering the false intelligence. ‘They knew it would promote this contrived narrative that Russia interfered in the 2016 election to help President Trump win, selling it to the American people as though it were true. It wasn’t,’ she added.  

Newly declassified documents show that a December 8, 2016, draft of Obama’s Presidential Daily Briefing (PDB) debunked the notion of Russian electoral meddling to help Trump. But wait … that was problematic because it did not conform to the preferred narrative of Trump-Russia collusion. So, FBI Director James Comey and his cohorts reportedly scuttled it. That way, Trump, as president-elect, could not be briefed on its contents.   

The next day Obama convened a highly confidential meeting at the White House. The president ordered his intelligence cronies to expedite a new ICA that would reverse the PDB’s conclusion and energize the collusion fiction. With his marching orders in hand, Brennan immediately went to work on it. 

His challenge was devising a way to contort the known evidence and contradict the consensus of nearly everyone else in the intelligence community. No problem. CIA experts on Russia who strenuously objected were sidelined and silenced. Brennan ignored their warning that there was no direct evidence that Russian President Vladimir Putin wanted to elect Trump.  

Other intel agencies that typically contribute to the assessment were deliberately excluded to stifle dissent. Evidence shows that Brennan then selected a handful of sycophants — with only one principal drafter — to craft the entire ICA that bore little resemblance to the truth and established facts.  

On January 6, 2017, the rushed-to-completion ICA was produced. It offered a remarkable transformation from the earlier PDB: ‘Putin and the Russian Government aspired to help President-Elect Trump’s election chances when possible by discrediting Secretary Clinton and publicly contrasting her unfavorably to him.’ (Page 7 of ICA)  

The head-spinning about-face of intel conclusions was an immaculate conception of corrupt handicraft that belongs in the Intelligence Hall of Shame.  

Although Brennan denied it, numerous delusions drawn from the fake dossier were placed in the formal intelligence assessment to give it the sustenance that it otherwise lacked. Armed with both fallacious documents, Comey then met with Trump later that day in a devious but misbegotten scheme to entrap him. It failed miserably because the newly elected president had no idea what the FBI director was talking about.        

Obama’s dirty fingerprints were all over the cooked-up intelligence claiming that Moscow helped Trump in some grand collusion conspiracy. On Wednesday, Gabbard held a news conference to lift the veil of secrecy and malevolence. She leveled the following broadside:  

‘President Obama, Hillary Clinton, John Brennan, James Clapper, James Comey and others, including their mouthpieces in the media, knowingly lied as they repeated the contrived narrative that was created in this January 2017 intelligence community assessment with high confidence, as though it were fact.’   

Mincing no words, Gabbard accused Brennan of lying about his use of the dossier even though he knew it was a discredited and politically manufactured document. ‘He directed senior CIA officials to use it anyway,’ she said.  

Other intel agencies that typically contribute to the assessment were deliberately excluded to stifle dissent. 

As ‘irrefutable proof,’ she unlocked the 2020 report of the House Intelligence Committee that had never before been seen publicly, thanks to the machinations of then-Rep. Adam Schiff, D-Calif., who buried it as classified in a limited-access vault at CIA headquarters. The report outlined in detail the events that I summarized above. 

It was easy to do so because many of them are contained in the book I wrote six years ago, ‘Witch Hunt:’ ‘John Brennan was instrumental in proliferating the dossier. But even before the Clinton campaign and Democrats funded Christopher Steele’s project to smear Trump with the collusion hoax, the seeds of the collusion narrative were germinated by none other than Brennan.’ (Pages 66-67)  

I recounted how Brennan boasted to the House Intel Committee in May of 2017 that he had been the first to alert the FBI about collusion. ‘As he exerted uncommon pressure on the FBI to pursue a counterintelligence probe on Trump, he resolved to help spread the false allegations to Congress and the media. He politicized phony intelligence and instigated the fraudulent case against Clinton’s opponent.’ (Page 68) 

The Russians never had ‘Kompromat’ (compromising material) on Trump, as the dossier falsely accused. But they apparently did have it on Hillary. And that proved quite a stunner on Wednesday.  

The heretofore hidden House Intelligence report reveals how Russian intelligence ‘possessed DNC communications that in 2016 Clinton was suffering from ‘intensified psycho-emotional problems, including uncontrolled fits of anger, aggression, and cheerfulness.’ Clinton was placed on a daily regimen of ‘heavy tranquilizers’ and while afraid of losing, she remained ‘obsessed with a thirst for power.’’  

Obama and Democrat Party bosses apparently knew all about Clinton’s mental instability and found it ‘extraordinarily alarming.’ So much so, they worried it might have a ‘serious negative impact’ on the November election.    

Unlike the dossier, those shocking discoveries were not just idle gossip. The committee reviewed reams of source material and obtained corroboration during some 20 interviews with FBI agents and intelligence officers.  

How did the Russians get their hands on the damaging material? The report explains that Putin ordered hacking operations on the Clinton campaign and the Democratic National Committee. It seems that since Putin believed Hillary would win the election, he held the ‘Kompromat’ in his back pocket to use as potential blackmail for later use. 

His challenge was devising a way to contort the known evidence and contradict the consensus of nearly everyone else in the intelligence community. No problem. CIA experts on Russia who strenuously objected were sidelined and silenced.

In sending a criminal referral for possible prosecution to the Justice Department, Gabbard stated, ‘The evidence that we have found and that we have released directly point to President Obama leading the manufacturing of this intelligence assessment.’ 

In response, the DOJ announced that it had formed a ‘strike force’ to fully assess all the evidence and to investigate the next legal steps. Attorney General Pam Bondi vowed to ‘leave no stone unturned to deliver justice.’  

Obama denies any wrongdoing. But he should thank Trump for winning the recent landmark Supreme Court decision that provides all presidents with immunity. Ironically, the former president can now hide behind its broad protections. However, no such shield extends to others involved.  

It is folly to predict at this stage what prosecutions, if any, the future may hold. But the stain of corruption is already embedded in the epitaph of Obama’s presidency.   

This post appeared first on FOX NEWS

As part of his effort to ‘Make America Safe Again,’ President Donald Trump signed an executive order to allow cities and states to remove homeless people off the streets and into treatment centers. 

Trump signed the order, ‘Ending Vagrancy and Restoring,’ Thursday afternoon. 

The order states that the ‘number of individuals living on the streets in the United States on a single night during the last year of the Biden administration — 274,224 — was the highest ever recorded.’ 

It directs Attorney General Pam Bondi to ‘reverse judicial precedents and end consent decrees’ stopping or limiting cities and states from removing homeless individuals from the streets and moving them to treatment centers. 

Though it is unclear how much money will be allocated to the effort, Trump’s order redirects federal funds to ensure that removed homeless individuals are sent to rehabilitation, treatment and other facilities.

Additionally, the order requires Bondi to partner with Health and Human Services Secretary Robert F. Kennedy Jr., Housing and Urban Development Secretary Scott Turner and Transportation Secretary Sean Duffy to prioritize federal grants to cities and states that ‘enforce prohibitions on open illicit drug use, urban camping and loitering, and urban squatting, and track the location of sex offenders,’ according to USA Today. 

The order also stipulates that discretionary grants for substance-use disorder prevention, treatment and recovery programs ‘do not fund drug injection sites or illicit drug use.’ 

Homelessness increased in the U.S. by 18% from 2023 to 2024, according to Housing and Urban Development’s annual homelessness assessment report released in January. 

Trump has previously vowed to clean up American cities, especially the nation’s capital of Washington.

Speaking in March, Trump said, ‘We’re going to have a crime-free capital. When people come here, they’re not going to be mugged or shot or raped. They’re going to have a crime-free capital again. It’s going to be cleaner and better and safer than it ever was. And it’s not going to take us too long.’ 

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Writing in the New York Times on Monday, longtime Democratic political strategist James Carville outlined a compelling message for Democrats to unite around ahead of the 2026 midterms.

Carville urged Democrats to delay the ‘civil war’ that will eventually erupt between the party’s moderate and progressive wings, and to coalesce around a single ‘oppositional message’ focused entirely on repealing President Donald Trump’s agenda.

With all due respect to Mr. Carville, his myopic focus on a strategy of resisting Trump above all else is simply too narrow to be truly effective.

Put another way, a Democratic agenda built entirely around repealing the Republican agenda may be enough for 2026, but it falls far short of what Democrats must do if they hope to take back the White House in 2028.

Indeed, nowhere in the Times piece is any description of actual policies that Democrats should advance as an alternative to what Republicans are offering, either next year or in three years.

There are no calls for an entirely new economic agenda, one that replaces Democrats’ tendency for profligate spending with a more fiscally conservative plan focused on managing the debt while also protecting the social safety net.

In many ways, Democrats today should look to former President Bill Clinton, who was able to reduce the debt, leave a budget surplus and still protect vital social programs.

Moreover, the word ‘immigration’ is not even mentioned. 

This comes despite 2024 election polling showing that immigration was a top issue for voters, and exit polls showing voters trusted Trump over former Vice President Kamala Harris by a 16-point margin (52% to 36%), per Fox News.

To that end, if Democrats hope to take back more than just one chamber of Congress, the party needs an agenda that prioritizes securing the border, combined with a pathway to citizenship for legal migrants and Dreamers.

And, while I do agree with Mr. Carville that the midterms will be decided based on kitchen table issues rather than foreign policy, that does not mean Democrats can afford to ignore this issue.

As a party, Democrats must advance an agenda that positively asserts democratic values at home and abroad. 

This entails rejecting the belief of the far left – and increasingly the far right – that any use of American power is inherently bad.

To be sure, formulating an entirely new Democratic agenda takes time. And it will require the emergence of moderate candidates at a time when Zohran Mamdani’s win in New York City has energized the progressive wing of the party. 

Nevertheless, as the 2024 election made clear, Democrats cannot afford to run from the center toward the far left. What the party needs is a candidate who can win, not one chosen because they passed progressives’ ideological purity test.

Interestingly, Carville cites former President Clinton as a figure who emerged as Democrats’ ‘savior’ in 1992. 

But Clinton was able to do so because, at a time when the party was moving further to the left, Clinton dragged the party toward the middle on the economy and crime.

Finally, the crux of Carville’s message – ‘we demand a repeal’ of Trump’s agenda – overlooks the core factor behind who Americans cast a vote for.

Voters choose candidates who have plans and policies that will improve their lives. 

Slogans, no matter how catchy, may work for the midterms, but if Democrats then fail to deliver actual change between 2026 and 2028, its unlikely voters will trust them.

Quite simply, voters want a strong economy, safe streets, a government that is not excessively bloated and secure borders, not candidates whose only agenda is resisting the president. 

Now, this is not to say that the agenda outlined by Carville will not be successful next year – it very well may.

Rather, it is to point out that even if it helps Democrats reclaim the House of Representatives, it will not be enough to take back the White House in 2028.

For that, the party needs to advance its own agenda, one that addresses the above issues and actually provides a real, viable alternative to the Trump-GOP agenda. 

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Investor Insight

In an increasingly eco-conscious global market, Carbonxt presents a compelling investment case, leveraging a growing addressable market driven by strategic partnerships and regulatory changes that are set to drive demand for activated carbon through 2029.

Overview

Activated carbon, derived from materials like wood, coconut husks and coal, is a critical tool for filtering contaminants from air and water. Its effectiveness comes from a unique oxidation process that creates a vast network of microscopic pores, dramatically increasing surface area. This versatility makes activated carbon essential across industries, including healthcare, agriculture, oil and gas, food processing, and environmental remediation.

For large-scale industrial applications, activated carbon is available in powdered, pelletized and granular forms, with prices ranging from US$2,000 to US$6,000 per ton – presenting a significant and growing market opportunity.

Carbonxt Group (ASX:CG1) is positioned to capitalize on this demand. As an innovative manufacturer of custom activated carbon, Carbonxt has expanded its production footprint in the United States through a joint venture with Kentucky Carbon Processing, forming NewCarbon. This partnership enhances the company’s gross margins and improves access to high-quality raw materials.

A key driver of Carbonxt’s growth is its newly commissioned Inez Power Activated Carbon Plant in Kentucky, which focuses on liquid-phase applications, particularly for PFAS water treatment – a segment twice the size of the air-phase market. PFAS, known as “forever chemicals,” are persistent in the environment and linked to a range of health risks including cancer and developmental disorders.

The EPA’s 2024 National Primary Drinking Water Regulations and federal infrastructure funding are accelerating the need for advanced PFAS treatment solutions. Carbonxt’s premium-grade granular and pelletized activated carbon is designed to meet this demand, enabling US water utilities to achieve compliance and improve water quality.

With more than 50,000 water utilities across the US, including 4,000 serving populations greater than 10,000, Carbonxt is strategically positioned to supply this rapidly expanding market segment and compete with incumbent providers.

In addition to the Kentucky facility, Carbonxt operates two other US-based plants: the Black Birch Powdered Activated Carbon Facility in Georgia, and the Arden Hills Pelletization Plant in Minnesota. These three sites have a combined production capacity of 13,500 tons per annum, with an expansion pathway to 43,500 tons by 2027.

Company Highlights

  • Environmental Market Opportunity: Carbonxt operates in the US activated carbon market valued at over US$1 billion, with its products addressing both air and water-phase applications. Regulatory changes, including the EPA’s 2024 NPDWR for PFAS – are expected to triple market size in the next five years to more than US$2 billion.
  • Cutting-edge Manufacturing Footprint: The company now operates three US-based production plants with a combined current capacity of 13,500 tons and a path to expand this to 43,500 tons by 2027.
  • NewCarbon JV Strength: The strategic partnership with Kentucky Carbon Processing through the NewCarbon JV is enabling the successful commissioning of the Inez Power AC plant in Kentucky. The plant positions Carbonxt as a premium supplier in the PFAS-focused water treatment market.
  • Product Differentiation: Carbonxt produces powdered, pelletized and granular activated carbon. Notably, its Inez carbon achieved a 99 percent PFOA removal rate, surpassing competitors in early trials. Meanwhile, its PAC products are non-brominated, reducing corrosiveness and improving plant safety.
  • Strong Demand Outlook: Tightening federal and state regulations on mercury and PFAS emissions are accelerating the adoption of Carbonxt’s technologies. Water utilities in more than 11 US states have adopted enforceable PFAS limits, with others expected to follow.

Core Product

High-performance Activated Carbon

Carbonxt designs and manufactures high-performance activated carbon products for customers in the industrial, utility and municipal sectors. The company’s product range includes powdered, pelletized and granular activated carbon, engineered for optimal efficiency in air purification and water treatment. Carbonxt’s non-brominated, oxidizing formulations are non-corrosive and maintain performance throughout their lifecycle, reducing plant wear and lowering operational costs.

Although listed in Australia, Carbonxt’s operations are focused in the United States, with production based out of three strategically located facilities. These enable Carbonxt to meet rising US demand for clean technology solutions in compliance-driven industries.

A major catalyst for growth is the newly commissioned Inez Power Activated Carbon Plant in Kentucky, developed through Carbonxt’s joint venture with Kentucky Carbon Processing (NewCarbon). The facility produces granular and pelletized activated carbon targeting the liquid-phase water treatment market, particularly PFAS removal. This segment is expected to drive a larger share of Carbonxt’s future revenue mix, with early product samples showing 99 percent PFOA removal and 92 percent geosmin removal – outperforming leading competitors.

Highlights:

  • Strong Market Outlook: Demand for activated carbon – especially for PFAS treatment and industrial air control – continues to rise amid tightening EPA regulations and state-level mandates.
  • Pricing Trends: Average pricing for granular activated carbon in municipal bids has risen steadily, with recent public tenders ranging from US$2.34 to US$2.57/lb.
  • Looking Up: Carbonxt’s H1 FY25 gross margin rose to 49 percent, up from 44 percent in H1 FY24, driven by higher product pricing and cost efficiency at its Georgia and Minnesota plants.
  • Use Cases:
    • Powdered Activated Carbon – For mercury, acid gas and flue gas removal in coal-fired power stations, cement plants and industrial incinerators. Products include MatsPAC, AquaPAC and CEMPAC.
    • Pelletized Activated Carbon – Used for VOC and hydrogen sulphide removal from air and gas streams. Tailored for emissions-heavy industries and energy applications.
    • Granular Activated Carbon (GAC) – Designed for PFAS, taste and odor removal in municipal drinking water systems. Developed at the Inez plant with superior performance metrics.
  • Contract Agreements: In 2025, Carbonxt secured a US$4.3 million purchase order from Wisconsin Public Service for activated carbon supply. The company also extended a four-year supply agreement with Reworld Waste, valued at approximately AU$6 million per annum, for premium powdered activated carbon products.

Production Facilities

Carbonxt operates three U.S.-based production facilities, each specializing in a key segment of the activated carbon market.

Inez Power Activated Carbon Plant (Kentucky)

Carbonxt’s newest and most advanced facility, Inez has reached full mechanical completion and is currently in the commissioning phase. It produces granular and pelletized activated carbon, specifically formulated for PFAS removal and drinking water treatment. Early product samples have demonstrated 99 percent PFOA removal efficiency and 92 percent geosmin removal, outperforming key competitors. The plant’s initial capacity of 6,000 tons will scale to 10,000 tons, positioning Carbonxt as a premium GAC supplier in the North American water treatment market.

Black Birch Powdered Activated Carbon Facility (Georgia)

This facility manufactures wood-based powdered activated carbon, supporting industrial applications including mercury and flue gas control. It produces specialized products such as MatsPAC, AquaPAC and CEMPAC, with an annual capacity of 6,000 tons, expandable to 10,000 tons. Cost-reduction initiatives at this site have contributed to Carbonxt’s improved gross margins in FY25.

Arden Hills Pelletization Plant (Minnesota)

Focused on pelletized wood and lignite-based carbons, Arden Hills supplies products like NAQ-ACP and CTC-ACP, used in mercury removal, tolling arrangements and VOC capture. The facility currently operates at 7,500 tons per annum.

Capacity Expansion Outlook

Combined, Carbonxt’s facilities currently operate at 13,500 tons of annual production, with an established path to expand to 43,500 tons by 2027. The diverse geographic locations provide resilience against weather disruptions and ensure uninterrupted supply across markets.

Management Team

David Mazyck – President, NewCarbon and Director of Technology

Dr. David Mazyck is a world-leading expert on activated carbon (AC) and its applications including mercury capture. He has developed AC products for major multinational AC manufacturers and has regularly consulted them on technical issues. Mazyck is the former chairman of the Activated Carbon Standards Committee for the American Waterworks Association and has developed products for NASA.

He received his PhD in environmental engineering from Penn State University, where he also earned a PhD minor in fuel science.

Matthew Driscoll – Chairman

Matthew Driscoll has significant experience across several industries, including online technologies, financial services, fintech, cleantech, property and resources. He has more than 30 years’ experience in capital markets and the financial services industry and is an accomplished company director in roles across listed and private companies.

He has significant experience in international business growth, mergers and acquisitions, equity and debt raisings and building strategic alliances. His current directorships include NED Energy Technologies, NED Blina Minerals, NED Eco Systems, and NED Smoke Alarms Holdings.

Warren Murphy – Managing Director

Warren Murphy has led a large number of acquisitions and financings across the energy, resources and infrastructure sectors. This includes the development of over 2,000 MW of Greenfields power stations and the acquisition of over 3,000 MW of generation assets.

He was co-head of the Australian Infrastructure & Project Finance Group and Head of Energy at Babcock & Brown based in the Sydney office and led the development of Babcock & Brown’s energy sector capability in Australia and New Zealand, including the founding of Infigen Energy and its unlisted predecessor, Global Wind Partner, where he served as a director from inception until June 2009.

Murphy was also a director of the ASX-listed Alinta and Sydney Gas, as well as the unlisted Coogee Resources.

Nicholas Andrews – Independent Director

Nicholas Andrews has held the role of executive chairman and CEO at Magontec (ASX:MGL), an established business in the global magnesium sector. He is a member of the executive committee and serves on the board of the International Magnesium Association. Prior to his executive career, Andrews held several senior roles in the financial services sector across both investment management and investment banking.

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The simultaneous listing of the xU3O8 token across major cryptocurrency trading venues: KuCoin, MEXC, and Gate.com has been announced today. This multi-platform launch marks a significant milestone in real-world asset (RWA) tokenization, bringing institutional-grade uranium investment to a combined user base of over 115 million traders worldwide.

The xU3O8 token represents fractional ownership of physical uranium ore concentrate (yellowcake) stored with Cameco in regulated facilities. This breakthrough democratizes access to the uranium market, which previously required minimum investments of 100,000 lbs (approximately $7.2 million) and specialized broker relationships, effectively limiting participation to institutional investors and large corporations.

The coordinated listing across leading trading venues ensures maximum accessibility and liquidity for xU3O8 tokens:

  • KuCoin, trusted by over 41 million users across 200+ countries, provides comprehensive trading services including spot, margin, options, and futures. As a pioneering technology platform, KuCoin is committed to user-centric principles and making cryptocurrency accessible to everyone, resonating with xU3O8’s goal of breaking down traditional investment barriers.
  • MEXC, founded in 2018 and serving 36 million global users, has demonstrated remarkable growth with a 143% increase in spot trading volume and 118% jump in futures trading volume throughout 2024. Known for making crypto “simple, accessible, and rewarding,” MEXC’s user-friendly platform aligns perfectly with xU3O8’s mission to democratize uranium investment.
  • Gate.com, one of the world’s top 3 cryptocurrency exchanges by real trading volume with over 32 million users, brings institutional-grade security and supports 3,600+ digital assets. As an industry pioneer committed to 100% reserve holdings, Gate.com provides the robust infrastructure needed for tokenized commodities.

The listing comes at a pivotal moment for uranium markets. According to the World Nuclear Association, uranium demand is projected to increase 28% by 2030 and 51% by 2040, driven by global decarbonization efforts, energy security concerns, and the rapid expansion of AI infrastructure requiring reliable baseload power. The uranium market already faces a significant supply-demand imbalance, with global production in 2024 at approximately 155 million lbs falling short of current demand at 197 million lbs, creating a deficit of over 40 million lbs per year, without accounting for additional reactors coming online

The multi-platform listing eliminates traditional barriers that have kept uranium investment exclusive. Investors can now start with any amount instead of millions of dollars, benefit from instant blockchain settlement versus 14-30 day traditional settlement cycles, and access global trading 24/7 from anywhere versus limited OTC market hours. xU3O8 provides complete on-chain visibility versus opaque traditional markets and enables continuous trading across multiple venues versus limited OTC liquidity.

The RWA tokenization market is projected to reach $16 trillion by 2030, with commodities representing a significant portion of this growth. xU3O8’s multi-platform listing provides a blueprint for how traditional commodity markets can be revolutionized through blockchain technology.

Built on Tezos blockchain technology via Etherlink, xU3O8 leverages a sophisticated smart contract architecture. The primary layer tracks physical uranium holdings while the secondary layer manages fractional ownership. xU3O8 trading is now live across all trading venues, with users able to access detailed market data, trading charts, and educational resources through each platform’s interface. The coordinated launch ensures optimal liquidity and price discovery across global markets.

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Glencore (LSE:GLEN,OTC Pink:GLCNF) is preparing to shut down its final two Australian copper mines next week, ending more than six decades of upstream operations in Queensland.

The closure of the underground Enterprise and X41 mines in Mount Isa comes as uncertainty grows over the future of the adjacent copper smelter, which the company says could also be shut down without urgent government support.

The Swiss commodities giant first announced its plan to end mining operations in October 2023, citing declining ore grades and mounting financial losses.

The decision also coincides with Glencore’s sale of its Lady Loretta zinc mine and nearby landholdings to Austral Resources (ASX:AR1), further reducing its footprint in the region.

At the center of the company’s remaining copper assets is the Mount Isa smelter, which processes over one million tons of copper concentrate annually from across Australia, including from BHP (ASX:BHP,NYSE:BHP,LSE:BHP,OTC:BHPLF)Olympic Dam in South Australia.

But that smelter’s future now hangs in the balance. According to an internal staff memo obtained by local media, Glencore warned that without federal and state support, the Mount Isa smelter and Townsville copper refinery will be placed into care and maintenance, putting thousands of direct and indirect jobs at risk.

“To date Glencore has been absorbing losses hopeful that a viable solution could be found,” wrote Troy Wilson, Glencore’s interim chief operating officer in North Queensland, in a message to employees.

He noted that the company is engaged with the Queensland and Australian governments but has yet to secure a funding commitment.

A final decision on the smelter is expected by the end of September.

Thousands of local jobs at risk

The potential shutdown could also have wide-reaching consequences for the regional economy.

While the smelter and refinery directly employ about 550 workers, industry group Townsville Enterprise estimates that as many as 17,000 jobs in the region are tied to the copper supply chain and related businesses.

That includes equipment suppliers, service contractors, and downstream manufacturers.

Roland Lobegeiger, a field services manager at Isadraulics in Mount Isa, said the loss of the smelter would be devastating for the town. “Without it, the town’s not going to be here,” he told news.com.au.

“There are other mines — there would be other work in the area, but would the town recover? It’s hard to say,” he added.

The company’s struggle to keep its Queensland operations afloat comes at a time when global smelting margins are being squeezed by Chinese overcapacity.

In May, Bloomberg reported that Chinese smelters matched their record for refined copper production, producing 1.254 million tonnes despite plummeting treatment and refining charges, which are the fees miners pay smelters to process raw ore.

Beijing has allowed massive expansion in smelting capacity to support its clean energy sector, which depends heavily on copper.

Chinese smelters, many of which are state-owned, now produce more than half the world’s refined copper and are often shielded from financial distress by subsidies and state backing. That advantage has fueled growing frustration among non-Chinese producers.

“Unfortunately, it’s no longer a level playing field with our competitors in China heavily subsidised by government, which means they produce copper metal at much lower cost,” Wilson said in June.

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

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