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September 23, 2025

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Trump slams UN for ‘creating new problems,’ questions its role in fiery UNGA speech

President Donald Trump slammed the United Nations for not aiding his administration’s peace push and for ‘creating new problems’ for the U.S. and member nations, while questioning its purpose and also offering ‘the hand of American leadership and friendship’ to all countries in the body.

The president, during his first address of his second administration to the United Nations General Assembly Tuesday, highlighted renewed American strength while slamming the international body.

‘Not only is the U.N. not solving the problems it should, it, too often, is actually creating new problems for us to solve,’ the president said. ‘The best example is the number one political issue of our time: the crisis of uncontrolled migration. It is uncontrolled. Your countries are being ruined.’

The president said the U.N. is ‘funding an assault on Western countries and their borders.’

‘The U.N. is supporting people that are illegally coming into the United States, and we have to get them out,’ Trump said. ‘The U.N. also provided food, shelter, transportation and debit cards to illegal aliens.’

He added: ‘The UN is supposed to stop invasions — not create them and not finance them.’

Trump said illegal immigrants are also ‘pouring into Europe.’

‘It is not sustainable and, because they choose to be politically correct, they are doing absolutely nothing about it,’ Trump said, later adding: ‘Your countries are going to hell. In America, we’ve taken bold action to swiftly shut down uncontrolled migration.’

‘Once we started detaining and deporting everyone who crossed the border and removing illegal aliens from the United States, they simply stop coming. They’re not coming anymore,’ Trump said, while thanking El Salvador for ‘receiving and jailing criminals’ that entered the United States.

During his address, the president highlighted his successful efforts to negotiate peace around the world —specifically Armenia and Azerbaijan, Thailand and Cambodia, Rwanda and the Democratic Republic of the Congo, among others.

‘I ended seven wars, and in all cases they were raging with countless, thousands of people being killed,’ he said. ‘This includes Cambodia, India, and Thailand, Kosovo and Serbia, the Congo and Rwanda, a vicious violent war that was Pakistan and India, Israel and Iran, Egypt and Ethiopia, and Armenia and Azerbaijan.’

He added: ‘No president or prime minister, and for that matter, no other country has ever done anything close to that. And I did it in just seven months. It’s never happened before. There’s never been anything like that.’

The president then took another swipe at the U.N.

‘I’m very honored to have done it. It’s too bad that I had to do these things instead of the United Nations doing them. And sadly, in all cases, the United Nations did not even try to help in any of them,’ Trump continued. ‘I ended seven wars, dealt with the leaders of each and every one of these countries, and never even received a phone call from the United Nations offering to help in finalizing the deal.’

‘I didn’t think of it at the time because I was too busy working to save millions of lives — that is, saving and stopping of these wars,’ Trump said. ‘But later, I realized that the United Nations wasn’t there for us. They weren’t there.’

‘That being the case, what is the purpose of the United Nations?’ Trump asked. ‘The U.N. has such tremendous potential … But it’s not even coming close to living up to that potential. All they seem to do is write a really strongly worded letter and then never follow that letter up — it’s empty words.’

Trump added: ‘Empty words don’t solve war. The only thing that solves war and wars is action.’

Meanwhile, the president touted America under his leadership as having ‘the strongest economy, the strongest borders, the strongest military, the strongest friendships and the strongest spirit of any nation on the face of the earth.’

‘This is indeed the golden age of America,’ Trump said.

The president added that the United States is ‘once again the best country on earth to do business.’

‘And many people in this room are investing in America, and it’s turned out to be an awfully good investment during this eight-month period,’ he said.

The president touted his visit to the Middle East in May to ‘rebuild our partnerships’ in Saudi Arabia, Qatar and the United Arab Emirates. 

‘My administration has negotiated one historic trade deal after another, including with the United Kingdom, the European Union, Japan, South Korea, Vietnam, Indonesia, the Philippines, Malaysia, and many, many others,’ Trump said.

The president also said that under his leadership, America is ‘respected again, like it has never been respected before.’

‘At the NATO summit in June, virtually all NATO members formally committed to increased defense spending, at my request, from 2% to 5% of GDP, making our alliance far stronger and more powerful than it was ever before,’ the president said.

The president returned to his criticisms of the United Nations, questioning if the U.N. can ‘play a productive role’ in peace around the world.

‘I’ve come here today to offer the hand of American leadership and friendship to any nation in this assembly that is willing to join us in forging a safer, more prosperous world,’ Trump said. ‘And it’s a world that will be much happier with a dramatically better future within our reach. But to get there, we must reject the failed approaches of the past and work together to confront some of the greatest threats in history.’

Trump said there is ‘no more serious danger to our planet today than the most powerful and destructive of weapons ever devised by man, of which the United States, as you know, has many.’

‘Just as I did in my first term, I’ve made containing these threats a top priority, starting with the nation of Iran. My position is very simple: The world’s number one sponsor of terror can never be allowed to possess the most dangerous weapon,’ Trump said. ‘That’s why, shortly after taking office, I sent the so-called Supreme Leader a letter making a generous offer — I extended a pledge of full cooperation in exchange for a suspension of Iran’s nuclear program.’

Trump added: ‘The regime’s answer was to continue their constant threats to their neighbors and U.S. interest throughout the region and some great countries that are right nearby.’

But Trump touted his decisiveness, and said: ‘Today, many of Iran’s former military commanders, in fact, I can say almost all of them, are no longer with us. They’re dead.’

The president highlighted his Operation Midnight Hammer, which marked the largest B-2 operational strike in history and represented the United States’ move to deliver a decisive blow against Iran’s nuclear program back in June.

The president said that he then ‘immediately brokered an end to the 12-day war, as it’s called, between Israel and Iran with both sides agreeing to fight, fight no longer.’

‘As everyone knows, I have also been deeply engaged in seeking a ceasefire in Gaza. We have to get that done — have to get it done,’ Trump said. ‘Unfortunately, Hamas has repeatedly rejected reasonable offers to make peace. We can’t forget Oct. 7, can we?’

‘Now, as if to encourage continued conflict, some of this body is seeking to unilaterally recognize a Palestinian state,’ Trump continued. ‘The rewards would be too great for Hamas terrorists for their atrocities. This would be a reward for these horrible atrocities, including Oct. 7, even while they refuse to release the hostages or accept the ceasefire.’

Trump demanded that nations not give in to Hamas.

‘Instead of giving in to Hamas’s ransom demands, those who want peace should be united with one message: Release the hostages now,’ Trump said. ‘Just release the hostages now. We have to get it done.’

This is a developing story. Please check back for updates.

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Trump denounces European recognition of Palestinian state as ‘reward’ for Hamas

President Donald Trump sharply criticized a wave of European nations that recently recognized a Palestinian state, warning that such moves reward Hamas and encourage continued conflict in Gaza.

‘As everyone knows, I have also been deeply engaged in seeking a cease-fire in Gaza. Have to get that done. You have to get it done,’ Trump said. 

‘Unfortunately, Hamas has repeatedly rejected reasonable offers to make peace. We can’t forget Oct. 7, can we? Now, as if to encourage continued conflict, some of this body is seeking to unilaterally recognize a Palestinian state… this would be a reward for these horrible atrocities, including Oct. 7.’

His remarks came one day after French President Emmanuel Macron announced his nation would recognize a Palestinian state, hosting a meeting at the United Nations General Assembly along with Saudi Arabia on a two-state solution. 

Several other longtime Israeli allies — the United Kingdom, Australia and Canada — did the same on Sunday, citing the ongoing humanitarian crisis in Gaza and expanding settlements and violence by settlers in the West Bank.

The U.S. remains squarely on the side of Israel, and Trump said such recognition undermines efforts to free hostages held in Gaza and risks emboldening Hamas.

‘Even while they refuse to release the hostages or accept the cease-fire, instead of giving to Hamas and giving so much because they’ve taken so much, they have taken so much. This could have been solved so long ago,’ Trump said. ‘Instead of giving in to Hamas as ransom demands, those who want peace should be united with one message: release the hostages now. Just release the hostages.’

Trump said he always knew the last 20 remaining hostages would be ‘the hardest’ to get back — but said the bodies of the deceased were just as important to reclaim.

‘Those parents came to me and they want them back… as though they were alive. They want them every bit as much as if their son or daughter were alive.’

On Monday, France became the first major Western nuclear power and a permanent member of the U.N. Security Council from the G7 to formally recognize Palestine.

Macron said: ‘The time has come to no longer talk about the existence of Israel — it’s self-evident. The time has come to do justice to the Palestinians, to recognize the state of Palestine.’

‘We must do this to save lives.’

Meanwhile, Israeli Ambassador to the U.N. Danny Danon warned there will be ‘consequences’ for nations that recognize Palestine. 

On Tuesday, Trump will hold a closed-door meeting with Arab leaders who are expected to implore him to urge Prime Minister Benjamin Netanyahu to do more to end the war in Gaza.

Trump is expected to present his Middle Eastern counterparts with the U.S. outlook for peace and post-war governance in Gaza.

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Jurors begin deliberations in Trump golf course assassination attempt trial

Jurors in Fort Pierce, Florida, began deliberations Tuesday in the federal criminal trial of Ryan Routh, the man accused of attempting to assassinate then-presidential candidate Donald Trump at his Palm Beach golf course last year.

Routh, 59, faces five federal charges, including attempting to assassinate a major presidential candidate, assaulting a federal officer, and multiple firearms offenses. He has pleaded not guilty to all charges. If convicted, he could face life in prison.

Prosecutors used their closing arguments Tuesday to emphasize both the digital and forensic evidence presented at trial and what they described as Routh’s clear intent: to kill Trump. 

‘This was not a publicity stunt,’ Assistant U.S. Attorney Christopher Browne told the jury. ‘The evidence has shown one thing and one thing only — the defendant wanted Donald Trump dead,’ Browne said, adding that the worst part was that he ‘almost got away’ with it.

Browne told jurors that Routh ‘excessively’ stalked Trump’s locations and whereabouts in the weeks before the alleged assassination attempt on Sept. 15, 2024. 

He noted that Routh allegedly traveled on 17 separate occasions to scope out the Trump International Golf Club in West Palm Beach. These were ‘reconnaissance’ missions, Browne argued.

Browne reminded jurors that there were 19 rounds found in the magazine of the SKS rifle recovered at the scene, including one in the chamber. 

There is ‘no doubt, no reasonable doubt, no doubt whatsoever that it was the man,’ Browne said, pointing at Routh, ‘who was hiding’ in the sniper’s nest. 

Browne told jurors that his motives were also on clear display, pointing to lyrics from a rap song Routh wrote about killing Trump with a sniper rifle — one he penned after he was caught and arrested by the FBI. 

‘It’s not every case where the defendant writes down his intent on a piece of paper,’ Browne said.

The prosecution spent most of its time Tuesday focusing on count one of the five federal criminal charges Routh is facing: Attempting to assassinate a major presidential candidate. 

The contrast between Routh’s defense and federal prosecutors is a dynamic that has been on stark display throughout the trial. 

Federal prosecutors spent roughly two weeks walking jurors through hundreds of exhibits and testimony from 38 witnesses to make their case against Routh.

Prosecutors methodically built their case with cellphone data placing Routh at Trump International Golf Club in West Palm Beach, where they said he created a ‘sniper’s nest’ near the sixth hole. They also introduced bank records, burner phone purchases, and DNA evidence linking him to the SKS rifle recovered at the scene.

Routh confirmed he understood and told Cannon he would not testify on his own behalf, despite her repeated offers for him to reconsider and consult with standby counsel.

Fox News’ Samantha Daigle and Jennifer Johnson contributed to this report.

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House Oversight probes whether American retirees’ pension funds are being weaponized: ‘Progressive playbook’

The House Oversight Committee is setting its sights on insurance companies that may have discriminated against entities with right-wing views.

The panel is also looking into whether retirees’ pension accounts were being used to invest in progressive policies they may not necessarily agree with, Fox News Digital has learned.

‘The Committee on Oversight and Government Reform is investigating improper restrictions on access to capital and capital markets of individuals and entities based on political viewpoints or involvement in certain industries (such as cryptocurrency, energy, and firearms),’ Committee Chairman James Comer, R-Ky., wrote to the National Association of Insurance Commissioners (NAIC).

‘The Committee has engaged with whistleblowers who had their insurance policies cancelled for widely-held political positions or for operating legal businesses considered out of favor by progressive activists.’

The move is an expansion of the House Oversight Committee’s ongoing investigation into whether public financial institutions engaged in debanking against people and entities with right-wing views.

Comer is also probing whether companies implementing progressive policies are doing so at the expense of millions of retired Americans’ personal investments.

He wrote to Treasury Secretary Scott Bessent, in his capacity as acting commissioner of the Internal Revenue Service (IRS), that his panel ‘is investigating the prolific use of proxy proposals and other activism targeting corporate boards of directors by activists pursuing political agendas at the expense of the retirement and personal savings of Americans.’

‘Specifically, the Committee seeks to understand how giant investment managers and pension fund managers, aided by proxy advisory firms, sidestepped or abandoned their fiduciary duties to beneficiaries to pursue a political agenda and whether new legislation is needed to protect investors,’ Comer stated.

‘At a minimum, Americans deserve to fully know if their hard-earned savings are being used in a progressive playbook.’

The letter accused certain large asset management firms like BlackRock of putting clients’ money into green energy initiatives, for example, rather than more profitable areas, in order to promote a left-wing agenda.

BlackRock pushed back on such accusations in a public statement on its website, however.

‘One of the most critical tasks of an asset manager is to provide clients with insights on short- and long-term trends in the global economy that can impact their portfolios. We do this across all sectors – from healthcare to technology to energy,’ the company wrote.

‘Climate risk is one such trend given its implications for the economy. We believe that companies that better manage their exposure to climate risk and capitalize on opportunities will generate better long term financial outcomes.’

BlackRock’s website also asserted that the ‘choice of where to invest ultimately rests with our clients.’

‘We are bound to adhere to their investment guidelines and objectives. We do not dictate particular investment strategies,’ it said.

And on a broader scale, the committee looking into whether publicly-traded companies are running afoul of President Donald Trump’s executive order outlawing diversity, equity, and inclusion (DEI) practices by simply listing it under another name.

‘[T]he Committee remains concerned following reports of publicly traded companies intentionally camouflaging or rebranding diversity, equity, and inclusion (DEI) and environmental, social, and governance (ESG) policies to hide such discrimination from ‘the Trump Administration, courts or influential activists,” Comer wrote to several organizations opposing corporate discrimination, including the Alliance Defending Freedom. 

‘At minimum, shareholders and retirement plan beneficiaries deserve transparency around discriminatory practices employed by corporate directors and officers as such behavior is rebranded. Replacing DEI and ESG titles with ’employee engagement’ or ‘inclusion and impact’ represents yet another deceptive practice.’

Trump’s order, signed in January 2025, barred financial institutions, major corporations, colleges and universities, law enforcement agencies and specific industries like medicine and commercial airlines from promoting or implementing DEI standards.

Comer accused the previous White House of promoting discriminatory practices, however, in a statement to Fox News Digital.

‘The Oversight Committee is investigating discriminatory practices in the American financial system and the Biden Administration’s role in supporting them,’ he wrote. ‘Whether it is using the boardroom to achieve what the political left could not accomplish at the ballot box, or canceling Americans’ insurance policies and debanking them for their political views, these actions are wrong and deprive Americans of their constitutional rights.’

Fox News Digital reached out to the IRS and NAIC for comment but did not immediately hear back.

This post appeared first on FOX NEWS

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Trump draws laughs from world leaders moments into UN speech

President Donald Trump drew laughs from world leaders within moments of taking the stage at the United Nations General Assembly on Tuesday.

Trump joked about a broken escalator in the UN building as well as the broken teleprompters right in front of him.

‘Thank you very much, I very much appreciate it,’ he said to the applause as he took the stage.

‘And I don’t mind making this speech without a teleprompter because the teleprompter is not working,’ he said as the leaders laughed.

‘I feel very happy to be up here with you nevertheless, and that way you speak more from the heart. I can only say that whoever’s operating this teleprompter is in big trouble,’ he added, drawing more laughter.

Trump again drew laughs later on by recounting his dissatisfaction with the UN’s assistance in global conflicts.

‘I ended seven wars, dealt with the leaders of these countries and never even received a phone call from the United Nations offering to help in finalizing the deal,’ Trump said. ‘All I got from the United Nations was an escalator that on the way up stopped right in the middle.’

‘If the first lady wasn’t in great shape she would’ve fallen. But she’s in great shape, we’re both in good shape. We both stood,’ he added, drawing more laughter.

‘These are the two things I got from the United Nations: a bad escalator and a bad teleprompter,’ he said.

Throughout his speech, Trump hailed efforts for peace and warned European nations against continuing to tolerate illegal immigration. Trump also blasted the global climate change agenda as a ‘con job.’

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Adavale Resources

Investor Insight

Adavale Resources’ transformative January 2025 acquisition of the Parkes Project gold and copper assets in the prolific Lachlan Fold Belt in New South Wales, delivering a maiden JORC MRE (115 koz) in May 2025 on one of the licenses along with abundant prospects on four neighboring licences, puts the company on a growth trajectory, presenting a compelling investment opportunity for savvy investors.

Overview

Adavale Resources (ASX:ADD) is strategically positioned in the Tier-1 Lachlan Fold Belt of New South Wales, one of the world’s most prolific gold and copper regions. In January 2025, the company acquired the Parkes Gold-Copper Project, a 371.39 sq km landholding across four tenements, including the historic London-Victoria gold mine. By May 2025, Adavale delivered a maiden JORC mineral resource estimate of 115 koz gold, including a higher-grade estimate of 3.14 million tonnes (Mt) at 1.06 grams per ton (g/t) gold for 107 koz, underscoring the quality and scale of the project.

The Parkes project hosts multiple high-priority exploration targets with strong potential for discovery and resource expansion, supported by growing regional infrastructure and proximity to major mining operations. With gold and copper both central to the global energy transition and long-term demand growth, Adavale provides investors with leveraged exposure to two of the most sought-after commodities, backed by a rapidly advancing exploration program in a premier mining jurisdiction.

Adavale’s diversified portfolio of critical minerals also includes 11 uranium licences covering 4,959 sq km in South Australia, anchored by the Marree Embayment and Ceduna regions with grades up to 3,550 parts per million (ppm) U₃O₈. The company also holds a 1,315-sq-km nickel position in Tanzania’s East African Nickel Belt, strategically located adjacent to the world-class Kabanga deposit (87.6 Mt @ 2.63 percent nickel).

With drilling programs currently underway across its gold and near-term drilling on its uranium projects, and further exploration planned through 2025, Adavale is well-positioned at the forefront of exploration in commodities critical to the global energy transition.

Backed by a robust pipeline, world-class assets in tier-one jurisdictions, and an experienced leadership team, Adavale offers strong leverage to favourable commodity trends and significant growth potential.

Company Highlights

  • A junior explorer, with projects in tier-one jurisdictions, focused on gold and copper, Adavale also holds valuable uranium and nickel licences.
  • The January 2025 acquisition of the Parkes project in the Lachlan Fold Belt, spanning 371.39 sq km, strategically positions Adavale to expand on the historic BHP Gold/Hargraves open pit orogenic gold resource (MRE 115koz) and make a major epithermal and/or porphyry gold and copper discovery in this tier-1 mining jurisdiction. The Lachlan Fold Belt assets are strategically located near world-class mining operations, including Cadia, Northparkes and Cowal.
  • The company’s extensive uranium tenements span 4,959 sq km across the Flinders Ranges and Eyre Peninsula, regions known for hosting tier-one uranium deposits.
  • Adavale’s nickel projects in Tanzania’s East African Nickel Belt are strategically located adjacent to the Kabanga nickel project — the world’s largest undeveloped high-grade nickel sulphide deposit.
  • Drilling and resource-definition programs in 2025 will target key gold, copper and uranium assets, building on the company’s diversified growth strategy.

Key Projects

Gold and Copper – Lachlan Fold Belt, NSW

Adavale’s Parkes Gold-Copper Project, a highly prospective exploration opportunity in the Lachlan Fold Belt of New South Wales, a Tier-1 mining jurisdiction that has produced more than 80 Moz of gold and 13 Mt of copper. The project covers 371.39 sq km across five granted tenements, anchored by the historic London-Victoria Gold Mine (EL7242), which produced 155,000 oz gold at 1.5 to 2 g/t and remains open for expansion.

Project Highlights

  • Strategic Location: Situated in the world-class Lachlan Fold Belt, home to Cadia, Northparkes, and Cowal.
  • Significant Landholding: 371.39 sq km across five granted tenements (EL7242, EL8830, EL8831, EL9711, EL9785).
  • Maiden JORC Resource (2025): 115 koz gold, including 107 koz @ 1.06 g/t gold from 3.14 Mt higher-grade mineralisation at London-Victoria.
  • High-Grade Upside:
    • Ashes Prospect (EL8831): rock chips up to 8.8 g/t gold and 5.5 percent copper.
    • Welcome Mine (EL8830): historical grades averaging 11 g/t gold.
  • Growth Pathway: Systematic geophysics, geochemistry, and step-out drilling underway to expand the maiden resource and advance Parkes into a multi-deposit gold-copper camp.

Uranium – South Australia

Adavale holds 4,959 sq km of uranium-rich tenements across the highly prospective Flinders Ranges outwash and Eyre Peninsula, regions known for hosting tier-1 uranium deposits.

Historical drilling has revealed promising results, including intercepts of 1 metre at 263 parts per million (ppm) eU3O8 and 0.65 meters at 235 ppm eU3O8. These results underscore the region’s potential to host significant uranium resources.

Adavale’s uranium portfolio is particularly well-positioned to benefit from increasing global demand for uranium, driven by geopolitical factors, rising nuclear energy investment globally, and surging prices, which reached $106/lb in early 2024.

Nickel – East African Nickel Belt, Tanzania

Adavale’s nickel portfolio includes 1,315 sq km across 13 highly prospective exploration licences in Tanzania’s East African Nickel Belt. It is strategically located next to and along strike of the world-class Kabanga nickel project — the world’s largest undeveloped high-grade nickel sulphide deposit. Recent exploration at the Luhuma Central prospect has confirmed nickel sulphides in all five drill holes completed, with mineralisation trends extending southwest.

The company employs a combination of geophysical methods, including gravity, magnetics and Heli-EM surveys, to refine its understanding of subsurface structures and identify high-priority drill targets. Adavale’s ongoing exploration in this globally significant nickel belt is expected to build on recent successes, advancing resource definition and project development, making the company well-positioned to make a significant contribution to the global demand for battery metals.

Leadership Team

Allan Ritchie – Executive Chairman and CEO

Allan Ritchie is a seasoned executive with over 30 years of experience spanning corporate finance, energy, and resources, with leadership roles across both private and publicly listed companies on the ASX and HKEX. He has served as non-executive director of Hydrocarbon Dynamics (ASX:HCD) and as executive director and Deputy CEO of Hong Kong–listed EPI Holdings (0689.HKEX).

Ritchie’s career also includes senior investment banking roles with Westpac, ANZ, HSBC, and BNP Paribas in Australia, London, New York, and Asia Pacific, where he specialised in structuring transactions in the energy and resources sector and was repeatedly recognised in BRW’s annual ranking of top bankers. He holds a Bachelor of Business from the University of Technology Sydney and a Postgraduate Diploma in Applied Finance from FINSIA.

Maurice (Nic) Matich – Non-executive Director

Maurice (Nic) Matich is a mechanical engineer and finance professional with 17 years’ experience in the resources sector, spanning engineering, risk consulting, and insurance for tier-1 mining companies across lithium, iron ore, mineral sands, gold, and kaolin. He previously served as managing director of Pinnacle Minerals (ASX:PIM) and executive director of Heavy Minerals (ASX:HVY), where he delivered a maiden resource and $253 million NPV8 scoping study for the Port Gregory Project. Matich holds a Bachelor of Engineering (Hons), a Bachelor of Science (Physics/IT), a Graduate Diploma in Applied Finance, and is a graduate of the AICD.

David Ward – Non-executive Technical Director (Geologist)

David Ward is a geologist and mining executive with over 25 years of experience spanning early-stage exploration, project development, and both open-pit and underground mining. As chief geologist of Bacchus Resources for eight years, he defined more than 950Koz of gold resources in the NT and advanced exploration assets in the NT, QLD, and NSW that were later incorporated into projects of multiple ASX-listed companies. He has also held key technical roles with Newcrest Mining at the Cadia Gold Mine and with Clancy Exploration, leading porphyry and epithermal exploration in the Lachlan Fold Belt, NSW.

Leonard Math – CFO & Company Secretary

Leonard Math is a chartered accountant with extensive experience managing financial operations for ASX listed resources companies. He graduated with a Bachelor of Business (double major in accounting and information systems) from Edith Cowan University in 2003 and became a chartered accountant in September, 2008. He has held multiple director, CFO and company secretary roles in the resources sector, most recently with Summit Minerals (ASX:SUM).

This post appeared first on investingnews.com

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LaFleur Minerals Inc.Offers Unique Value Proposition for Leveraging Rising Gold Prices

Via InvestorWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by NetworkNewsWire (‘NNW’), one of 70+ brands within the Dynamic Brand Portfolio @ IBN ( InvestorBrandNetwork ) a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

To view the full publication, ‘Record Gold Prices Create Unprecedented Opportunities for Near-Term Producers,’ please visit: https://nnw.fm/GMYGw .

Gold has reached a new record high as the U.S. dollar weakens and investors price in expectations of a Federal Reserve interest rate cut. At more than $3,500 an ounce, the yellow metal is shining brighter than ever, buoyed by concerns over inflation, currency debasement and slowing global growth. With the market environment pointing toward continued strength, companies with near-term production potential stand to benefit disproportionately.

LaFleur Minerals Inc. is one such company. Transitioning from explorer to producer, LaFleur’s timing could not be better. With a fully permitted, recently refurbished gold processing mill in excellent condition and strategically located assets in one of Canada’s most prolific mining belts, the company offers a unique value proposition for investors seeking to leverage rising gold prices.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 16,600 hectares (166 km 2 ) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings that make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully refurbished and permitted Beacon Gold Mill is capable of processing more than 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

For more information, visit the company’s website at LaFleur Minerals Profile .

NOTE TO INVESTORS: The latest news and updates relating to LFLR are available in the company’s newsroom at https://ibn.fm/LFLRF

About NetworkNewsWire

NetworkNewsWire (‘NNW’) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers : (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries ; (2) article and editorial syndication to 5,000+ outlets ; (3) press release enhancement to ensure maximum impact ; (4) social media distribution via IBN to millions of social media followers ; and (5) a full array of tailored corporate communications solutions . With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: https://www.NetworkNewsWire.com/Disclaimer

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Saga Metals Mobilizes for Major Drill Program at Radar Project in Labrador, Targeting Maiden Mineral Resource Estimate

Key Highlights:

  • Crew mobilization is underway to support a 15,000-metre drill program at the Radar Ti-V-Fe Project in Labrador, Canada.
  • Drilling is focused on advancing the Trapper Zone’s 3+ km strike toward a maiden MRE highlighting titanium, vanadium, and iron ore—critical minerals for the global energy transition.
  • Ongoing site work includes trench mapping, surveying, and full camp establishment to optimize drill execution.
  • Infrastructure is in place with new access trails along the oxide layering strike through the Trapper Zone.

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical minerals, is pleased to announce the mobilization of crews to its 100% owned Radar Titanium-Vanadium-Iron (Ti-V-Fe) Project in southern Labrador, Canada. This mobilization marks a significant step in preparing for a major drill program aimed at expanding known mineralization and advancing toward the completion of a maiden mineral resource estimate (MRE) on the project.

Preparation begins for a 15,000m Drill Program at the Radar Ti-V-Fe Project:

Field preparations are underway across the Radar Project’s Trapper Zone, which spans over a 3+ km strike of oxide mineralization. Current work is designed to strengthen drill targeting, maximize efficiency, and ensure high-quality geological data accuracy for the MRE, including:

1. Enhanced Trench Analysis

Building on approximately 504 square metres (5,425 ft²) of trenching completed to date, SAGA is conducting additional high-pressure power washing and detailed geological mapping in three trenches within the Trapper Zone. This work exposes clean bedrock surfaces by removing overburden and vegetation, allowing geologists to document rock types, mineral textures, and oxide layering trends with precision. The process will help refine 3D geological models, confirm continuity of vanadiferous titanomagnetite (VTM) mineralization, and identify the most prospective high-grade drill targets.

2. Surveying and Geophysical Preparation

Crews are also executing a comprehensive surveying program to support drill collar placement and spatial accuracy across the Trapper Zone. Using high-precision GPS, total stations, and laser scanning technology, the team is mapping the newly built 4 km Trapper Trail access route, establishing a geophysics baseline, and cutting grid lines (cutlines) through vegetation to enable further geophysical traverses. The geophysics baseline will serve as a calibration reference for magnetometer instruments, ensuring consistent and reliable detection of anomalies that may indicate subsurface mineralization. Collectively, these surveys are designed to eliminate spatial errors in modelling and optimize drill hole targeting

3. Establishing Full Camp Infrastructure

To support the scale of the upcoming 15,000 metre drill program, SAGA has secured land near Cartwright, Labrador, for the establishment of a fully serviced exploration camp. The camp will include accommodations, a kitchen trailer, a core shack for drill core logging and storage, an office for data management, and a cut shack for sample preparation. Utility infrastructure—including power generation, water storage and filtration, and septic systems—is being installed to ensure long-term operational stability. With this infrastructure in place, SAGA is positioned to support long-term stability and efficiency for the crews managing this milestone drill program.

‘This mobilization is a pivotal moment for the Radar Project as we move from early exploration success toward defining a mineral resource,’ said Mike Stier, CEO and Director of Saga Metals Corp. ‘By investing in thorough trench mapping, advanced surveying, and robust camp infrastructure, we are positioning the Radar Project for a highly efficient 15,000 metre drill program. We believe this campaign has the potential to unlock significant value in titanium, vanadium, and iron—critical minerals essential to the global energy transition. Our priority is to advance Radar toward a mineral resource estimate and deliver value to our shareholders.’

The preparation phase is expected to conclude in the coming weeks, with the 15,000m drilling program scheduled to commence in early November 2025.

Figure 1: Radar Project’s Trapper Zone depicting a 3+ km magnetic anomaly and oxide layering trend. The Trapper Trail (in black) will be the target of the planned 15,000 m diamond drilling program aimed at establishing Saga’s maiden mineral resource estimation.

Summary of the Radar Ti-V-Fe Project in Labrador, Canada:

The Radar Property benefits from exceptional infrastructure, including all-season road access, a nearby deep-water port, hydroelectric power, and an airstrip with claims just 10 km from Cartwright, Labrador. Spanning 24,175 hectares, the Property covers all the Dykes River intrusive complex—an extensive (~160 km²) Mesoproterozoic layered mafic intrusion. Unique amongst Western exploration companies, SAGA controls its entire intrusive complex.

Grenville-age mafic layered intrusions of Québec and Labrador represent a significant but underdeveloped titanium–vanadium–iron resource province. These layered intrusions, emplaced during the Grenvillian orogeny, locally host thick oxide-rich cumulate zones dominated by titanomagnetite and hemo-ilmenite with accessory vanadium and phosphorus. Their scale and metallogenic affinity are directly comparable to major Fe–Ti–V deposits such as Lac Tio (Quebec), Panzhihua (China), Tellnes (Norway) and Bushveld (South Africa), which supply a major share of global TiO₂ feedstock and vanadium for steel alloys and emerging energy storage markets. The combination of large tonnage potential, favourable logistics, and critical mineral content positions the Grenville intrusions, such as Radar’s Dykes River complex, as strategic candidates for development in the context of growing North American demand for titanium, vanadium and high-quality iron.

Early geological mapping, government magnetic surveys and ground-based geophysics of the Radar property have identified oxide layering across more than 20 km of strike length, with mineralized zones remaining open for expansion. Vanadiferous titanomagnetite (‘VTM’) is the principal oxide and occurs as cumulate and intercumulus mineralization over large thicknesses of the Dykes River layered intrusion.

Figure 2: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill program in the Hawkeye zone. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is overlaid by ground-based geophysics as shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

SAGA’s 2025 Winter Drill Program at Radar:

Saga completed its maiden drill program in early 2025, featuring a 2,209-metre, seven-hole diamond drill campaign across the Hawkeye Zone—a combination of 3D magnetic inversion modeling and surface VLF-EM results guided drill targeting. The program intersected broad zones of titanomagnetite-rich oxide layering, with cumulative intersections displaying consistent grades of titanium dioxide (TiO 2 ), vanadium pentoxide (V 2 O 5 ) and iron (Fe).

Similarities in the ratios of TiO 2 and V2O 5 to Fe 3 O 4 across multiple drill holes serve to identify discrete igneous layers. Within the 600 m tested thickness of the layered gabbronorite, the chemistry delineates a very promising 300-400 m thickness, referred to as the Lower Cumulate Layer. The highest V 2 O 5 assays are in the lower 100-200 m, coinciding with the highest-grade intervals of VTMs. The layer is comprised of interlayered gabbronorite and bands of semi-massive to massive VTM.

Drill holes R25-HEZ-01, -07, -04, and -05 intersect this Lower Cumulate Layer. The chemistry indicates that the layer was deposited from a large-volume pulse of Ti-V-Fe-enriched magma. Saga will be targeting this same discrete intrusive horizon along the Trapper Zone’s 3+ km strike length.

Magnetic and VLF-EM Survey to Extend the ‘Trapper Zone’

As crews prepare for the 15,000 m drill program, a small geophysics team will continue a ground-based magnetic survey over the northern and southern extensions of the Trapper Zone. The survey utilizes a GSM-19 magnetometer to collect magnetic-field and VLF-EM data (using VLF Transmitter Cutler).

The survey is conducted using a grid of N-S lines, spaced 50 m apart, with observations made at stations spaced 20 m apart along the lines. The tightly gridded stations will be used to map the extent to which the oxide layering strike continues to the NE-E at the top of the zone and SE-E at the bottom of the zone, both trending back towards the Hawkeye Zone.

Figure 3: Radar Project’s prospective oxide layering zone extends for an inferred 20 km strike length, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs .

Saga Metals’ Corporate Video

Please find below Saga Metals’ corporate video, produced by Pinnacle Digest, providing an overview of the Company as well as highlighting the key characteristics and developments of the Radar Titanium-Vanadium-Iron (Ti-V-Fe) Project in Labrador, Canada.

A Media Snippet accompanying this announcement is available by clicking on this link.

Qualified Person

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

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

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. 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 and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Figures accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/845d6c26-2715-41ee-8e06-4f4f489b1aca

https://www.globenewswire.com/NewsRoom/AttachmentNg/877329ca-ebde-4a91-bad4-950efb5f8eb8

https://www.globenewswire.com/NewsRoom/AttachmentNg/c7aaccd0-d157-48b9-874f-f04e0b512563

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Angkor Shares For Debt Transaction

(TheNewswire)

GRANDE PRAIRIE, AB, (September 23, 2025) TheNewswire – Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF and OTC: ANKOF) (‘Angkor’ or ‘the Company’) announces shares for debt transactions for an aggregate $1,922,800 debt currently owed by the Company to certain creditors (the ‘ Debt Transactions ‘).

Pursuant to the Shares for Debt Transactions, subject to approval of the TSX Venture Exchange (‘ TSXV ‘), the Company has agreed to issue an aggregate total of 8,263,333 Units at a deemed price of $0.21 per Unit.  Each unit consist of one common share and one-half share purchase warrant (the ‘Warrant’). Each full Warrant exercisable to purchase a common share at 0.30 for a period of 24 months from the date of issuance. The warrants shall be subject to an acceleration clause. In the event that the Company’s shares trade at $0.40 per share or above for a period of 10 consecutive trading days, a forced exercise provision will come into effect for the warrants issued in connection with this offering.

The Company shall also settle an aggregate total of $187,500 through the issuance of common shares at a deemed price of $0.21. The shares settlement represents an amount that is owed to certain Directors Officers or Insiders and Management so does not qualify for warrants (the ‘Related Parties’).

The Units and Shares for Debt Transactions being cleared comes from five different sources, namely:

a. Loans of $471,300 including principal and interest on three facilities.

b. Principal payment of $400,000 on the loan to creditor for the Evesham acquisition.

c. Amounts due to 30% participating partner as settlement based on funds from Almighty Resources on the Oyadao North license in their purchase of the license from Angkor.

d. Notes payable and conversions of $875,000 to funders of the original gas capture project in Evesham Saskatchewan in 2022.

e. Compensation amounts of $62,500 paid to members of management and contractors in lieu of cash as part of their monthly remuneration.

The directors of Angkor voted unanimously in favour of converting the debt to shares at market price.

Grant T. Smith , CFO for Angkor comments, ‘I am very pleased to announce the successful settlement of $1,922,800 of debt through the issuance of common shares. This strategic move significantly improves our balance sheet by reducing our debt burden and lowers our interest expense. With this debt out of the way, we can now focus our resources and efforts on driving our core business initiatives and achieving our long-term goals. This transaction reflects our strong belief in the future of Angkor and our commitment to enhancing shareholder value.’

MI 61-101 Disclosure

The participation of certain insiders, being ‘related parties’ of Angkor means that the Shares for Debt Transaction is considered to be a ‘related party transaction’ of Angkor for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘).

Angkor may, however, complete the Shares for Debt Transaction in reliance on exemptions available under MI 61-101 from the formal valuation and minority approval requirements of MI 61-101. Specifically, the Shares for Debt Transaction is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on Section 5.5(b) of MI 61-101 as Angkor is not listed on a specified market within the meaning of MI 61-101. Additionally, the Shares for Debt Transaction is exempt from the minority approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7(1)(a) of MI 61-101 insofar as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Shares for Debt Transaction insofar as it involves (or is expected to involve) ‘interested parties’, exceeds 25% of Angkor’s market capitalization.

Closing of the Shares for Debt Transaction is subject to customary closing conditions, including the approval of the TSX Venture Exchange (‘ TSXV ‘). The Common Shares to be issued pursuant to the Shares for Debt Transaction will be subject to a hold period of four months and one day following the date of issuance, in accordance with applicable securities laws and TSXV policies.

ABOUT Angkor Resources CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia. ANGKOR’s carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across jurisdictions.  The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds three mineral exploration licenses in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometers in the southwest quadrant of Cambodia called Block VIII.  The license was reduced to roughly half the size with the Company’s voluntary removal of all parks and protected areas in March 2025 and now is 4277 square kilometers.  Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Evesham, Saskatchewan.

CONTACT: Delayne Weeks – CEO

Email: info@angkorresources.com Website: angkor resources.com

Telephone: +1 (780) 831-8722

Please follow @AngkorResources on , , , Instagram and .

Certain information set out in this news release constitutes forward-looking information within the meaning of applicable securities laws. Forward-looking information is often, but not always, identified by the use of words such as ‘seek’, ‘anticipate’, ‘hope’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘scheduled’, ‘believe’ and similar expressions. The forward- looking information set out in this news release relates to future events or our future performance and includes, without limitation statements concerning the Shares for Debt Transaction, Angkor’s ability to obtain all necessary approvals in respect of the Shares for Debt Transaction and the participation of certain insiders and management in the Shares for Debt Transaction.

Although the forward-looking information contained in this news release is based upon what management of Angkor believes are reasonable assumptions on the date of this news release, Angkor cannot assure readers that actual results will be consistent with such forward-looking information. Forward-looking information involves substantial known and unknown risks, uncertainties and other factors which cause actual results to vary from those expressed or implied by such forward looking information, including without limitation those risks and uncertainties described in more detail in Angkor’s securities filings available at www.sedarplus.ca . Forward-looking information should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved.

The forward-looking information contained in this news release is provided as of the date hereof. Angkor disclaims any intention or obligation to update or publicly revise any forward–looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws. All forward-looking information contained in this news release is expressly qualified in its entirety by the foregoing cautionary statements.

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


Copyright (c) 2025 TheNewswire – All rights reserved.

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NVIDIA Commits US$100 Billion to OpenAI in Landmark AI Infrastructure Push

Semiconductor giant NVIDIA (NASDAQ:NVDA) plans to invest up to US$100 billion in OpenAI to build what executives are calling the largest artificial intelligence (AI) infrastructure project in history.

The companies said on Monday (September 22) that OpenAI will deploy NVIDIA’s systems on a scale requiring 10 gigawatts of power, equal to 4 million to 5 million of the chipmaker’s graphics processing units (GPUs).

NVIDIA CEO Jensen Huang described the effort as “monumental in size,” noting in an interview with CNBC that it represents roughly double the volume of GPUs shipped last year.

“NVIDIA and OpenAI have pushed each other for a decade, from the first DGX supercomputer to the breakthrough of ChatGPT,” Huang said in the announcement. Company shares rose nearly 4 percent on the day of the announcement, adding close to US$170 billion in market value and lifting NVIDIA’s market capitalization near US$4.5 trillion.

“Everything starts with compute,” Sam Altman, co-founder and CEO of OpenAI, added.

“Compute infrastructure will be the basis for the economy of the future, and we will utilize what we’re building with NVIDIA to both create new AI breakthroughs and empower people and businesses with them at scale.”

NVIDIA will deploy the funding to OpenAI progressively as data center capacity comes online. An initial US$10 billion tranche is tied to the completion of the first gigawatt, with that milestone scheduled for 2026.

The move builds on investor enthusiasm after NVIDIA reported record revenue of US$46.7 billion in its latest fiscal quarter, up 56 percent from a year earlier. Its net income jumped 59 percent to US$26.42 billion, with adjusted earnings per share of US$1.05 topping Wall Street forecasts.

The results marked the company’s ninth straight quarter of year-on-year revenue growth above 50 percent.

The chipmaker has been on a deal-making spree. In recent weeks, it disclosed a US$5 billion stake in Intel (NASDAQ:INTC) tied to joint AI processor development, and a nearly US$700 million investment in UK data center startup Nscale. It also announced the US$900 million acquisition of staff and technology from startup Enfabrica.

For OpenAI, the NVIDIA commitment addresses the enormous computing power needed to support its research and rapidly growing user base. According to the company, it now has 700 million weekly active users, an amount that is straining its existing infrastructure even as demand for more advanced models grows.

Industry analysts estimate that building a single gigawatt of AI data center capacity costs US$50 billion to US$60 billion, with roughly US$35 billion of that tied to NVIDIA chips and systems.

Despite this week’s deal, OpenAI has not limited itself to NVIDIA hardware.

The company has reportedly partnered with Broadcom (NASDAQ:AVGO) to develop custom AI chips, with sources identifying OpenAI as the unnamed customer behind a US$10 billion order disclosed by Broadcom CEO Hock Tan. Both firms declined to comment, but analysts see the deal as a bid to reduce reliance on NVIDIA and ease GPU shortages.

NVIDIA’s investment in OpenAI will complement the lab’s existing ties with Microsoft (NASDAQ:MSFT), Oracle (NYSE:ORCL) and the Stargate project. Microsoft remains one of OpenAI’s earliest and most important backers, and has integrated the company’s models into its Azure cloud and Office products.

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

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