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Former White House press secretary Karine Jean-Pierre is appearing before the House Oversight Committee on Friday for a high-profile interview on whether senior staffers worked to obscure signs of mental decline in then-President Joe Biden.

Jean-Pierre is one of the highest-profile figures so far to appear before the committee, having been the most public-facing spokesperson for Biden from May 2022 until the end of his term.

The longtime Democrat-turned-Independent did not speak to reporters on her way into her closed-door transcribed interview with House investigators, which is scheduled to begin at 10 a.m. and is likely to last into the afternoon.

House Oversight Committee Chair James Comer, R-Ky., is investigating whether there was a cover-up of Biden’s mental and physical state in the White House, and whether any executive actions were approved via autopen without the then-president’s full awareness.

Of particular interest to committee investigators are the myriad clemency orders Biden signed, including about 2,500 toward the end of his presidency that were executed via autopen.

Biden himself told The New York Times recently that he made every clemency decision on his own. His allies have also blasted the Republican-led probe as a partisan exercise.

Jean-Pierre was among those who publicly defended Biden in the wake of his disastrous June 2024 debate against then-candidate Donald Trump. She told reporters at a press briefing in early July that Biden was ‘as sharp as ever.’

But unlike other ex-Biden administration aides who have appeared ahead of her – many of whom still hold close ties and fierce loyalty to Biden – Jean-Pierre had a very public falling out with their world earlier this year.

In June, Jean-Pierre announced she was writing a book titled ‘Independent: A Look Inside a Broken White House, Outside the Party Lines.’

She also announced she was leaving the Democratic Party in a press release for that book, expected in October 2025.

A summary for her book suggests it is about ‘the three weeks that led to Biden’s abandonment of his bid for a second term and the betrayal by the Democratic Party that led to his decision.’

The announcement was reportedly met with scorn by others in Biden’s orbit.

‘The hubris of thinking you can position yourself as an outsider when you not only have enjoyed the perks of extreme proximity to power — which…bestows the name recognition needed to sell books off your name — but have actively wielded it from the biggest pulpit there is, is as breathtaking as it is desperate,’ one former official told Axios.

Another person told the outlet she ‘was one of the most ineffectual and unprepared people I’ve ever worked with.’

Comer sent a letter to Jean-Pierre in late June asking her to appear for an interview, in which he pointed out she was ‘a trusted inner-circle confidante’ and ‘near the president daily.’

‘Your assertion, on multiple occasions, that President Biden’s decline was attributable to such tactics as ‘cheap fakes’ or ‘misinformation’ cannot go without investigation. If White House staff carried out a strategy lasting months or even years to hide the chief executive’s condition — or to perform his duties — Congress may need to consider a legislative response,’ Comer wrote.

This post appeared first on FOX NEWS

After the assassination of conservative commentator Charlie Kirk sent shockwaves through the political landscape this week, Fox News Digital spoke to several high-profile conservative speakers about the future of the movement and the influence Kirk’s legacy and style will have on it. 

‘Conservatives will not be silenced,’ Heather Mac Donald, Thomas W. Smith Fellow at the Manhattan Institute and a contributing editor of City Journal, told Fox News Digital, adding that Kirk ‘would not have been silenced’ so conservatives should ’emulate his courage.’

Columnist and commentator Bethany Mandel told Fox News Digital that Kirk’s assassination was ‘absolutely an effort to try to silence conservatives’ and that ‘we have to resist the temptation to allow that.’

‘We need to keep speaking out and double down on not only Charlie’s message, but his methodology,’ Mandel said.

Kirk was assassinated on Wednesday while speaking to thousands of students at Utah Valley University when a gunman positioned on a nearby roof fired a single shot, striking Kirk in the neck.

Kirk was rushed to Timpanogos Regional Hospital, where he was pronounced dead, prompting an outpouring of support from conservatives across the globe, including President Trump who called the killing a ‘dark moment for America.’

On Friday, authorities announced that they had arrested a suspect, 22-year-old Utah resident Tyler Robinson.

‘Charlie Kirk was a good man,’ John Ashbrook, co-host of the conservative podcast Ruthless, told Fox News Digital. ‘And his legacy will endure because none of us will ever forget his leadership nor the voice he provided for millions of regular people across this country.’

Mac Donald told Fox News Digital that it is ‘hard to imagine’ Kirk was killed for ‘any other reason than that he was breaking the stranglehold of anti-Western ideology on college campuses and beyond.’

‘It was sadly fitting that he was killed at a college campus, and not even one known for its leftward leanings, since colleges are the seed bed of modern day speech suppression and the false equations that political contrarian speech = hate speech and that hate speech may be snuffed out—apparently by any means necessary,’ Mac Donald said. 

‘The killer apparently agreed with those would-be censorers.  The self-centeredness and historical and moral ignorance of coddled American students has bloomed into something more pernicious, as the beatification of Luigi Mangione already showed.’

Going forward, in terms of security at events for prominent conservative speakers, Mandel called on campuses and cities that ‘claim to care about the future of America and civil discourse’ to step up and ‘ensure adequate security.’

‘We should not have to pay tax in the form of security in order to safely share our political opinions,’ Mandel told Fox News Digital. 

Conservatives have rallied around Kirk’s style of speaking out publicly and exchanging ideas with those who disagree, including prominent influencer Ben Shapiro who wrote on X that ‘we will never stop debating and discussing.’

‘We will never stop standing up for what America is and what she should be,’ Shapiro said, adding that he intends to continue speaking at colleges across the country despite the inherent dangers. 

Mac Donald told Fox News Digital, ‘It is a cliché and self-serving to say: they fear us because we are winning, but presumably, there is less of a perceived need to efface someone who is losing a cause anyway. Kirk was feared because he was winning.’

This post appeared first on FOX NEWS

The rifle that federal investigators believe was used in the shooting that killed conservative activist Charlie Kirk contained ammunition inscribed with anti-fascist messaging, shedding light on the suspect’s motive.

Utah Gov. Spencer Cox confirmed the messaging at a news conference Friday, saying investigators discovered inscriptions on casings found with a bolt-action rifle near the Utah Valley University campus, where Kirk was killed during an event.

One used casing and three unused casings contained the writings, Cox said.

News of the ammunition inscriptions was first shared on social media Thursday morning in a preliminary bulletin attributed to the Bureau of Alcohol, Tobacco, Firearms and Explosives. 

According to the bulletin, circulated on X by political commentator Steven Crowder, federal officials recovered a .30-06 caliber Mauser rifle in the woods that contained ‘engravings,’ including messaging expressing anti-fascist ideology and other messages.

Fox News Digital confirmed the veracity of the ATF bulletin through talking to multiple sources, but the sources stressed on Thursday that the information was preliminary.

The information about the firearm surfaced nearly 24 hours after Kirk, 31, was shot and killed during a speaking engagement in Utah. Both his graphic death and the scant public information revealed in the early hours of the investigation into his killing left the nation reeling and revived heated debate about political violence in the U.S.

Law enforcement officials worked frantically in the aftermath of Kirk’s death to track down and arrest the gunman, who they announced Friday was Tyler Robinson, a 22-year-old Utah man.

Cox on Friday called the shooting a ‘political assassination.’

‘This is certainly about the tragic death, assassination, political assassination of Charlie Kirk, but it is also much bigger than an attack on an individual,’ Cox said. ‘It is an attack on all of us. It is an attack on the American experiment.’

FBI Director Kash Patel laid out the timeline of the investigation Friday, saying it took the FBI and Utah law enforcement 33 hours to make an arrest. Patel said authorities made ‘historic progress’ in such a short duration of time.

The FBI’s Salt Lake City Field Office released an image Thursday of a man they had said was a ‘person of interest’ in Kirk’s death and asked the public for help identifying him. The bureau also announced it was offering a $100,000 reward for information leading to his capture. Cox said a tip from a family friend of Robinson’s led to his arrest.

This post appeared first on FOX NEWS

News Release Highlights:

  • Homerun has now secured ownership and supply agreements covering the entire Santa Maria Eterna Silica Sand District.
  • The new Pedreiras concession is fully permitted with a low royalty rate of R$ 30.17 per extracted tonne.
  • The Pedreiras concessions have been drilled to a depth of 8 metres with a 32 million tonne resource filed at the Agência Nacional de Mineração (ANM).
  • The Company’s target resource under the three CBPM Lease acquisitions now exceeds 200 million tonnes.

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce it has signed a binding Letter of Intent (LOI) with Pedreiras do Brasil S.A. (‘Pedreiras’) a company controlled by Vitoria Stone, dated September 10, 2025, securing the rights to exploit the Pedreiras mining tenement (871.7212021, 246.36 hectares) at the Santa Maria Eterna Silica Sand District in the municipality of Belmonte, Bahia, Brazil, granted under a lease agreement with Companhia Bahiana de Pesquisa Mineral (CBPM).

This LOI enables Homerun to acquire all exploitation rights and obligations currently held by Pedreiras under the CBPM Lease, on a measured resource of 32 million tonnes (auger drilled to 8 metres) filed at the ANM and is fully permitted with a royalty payment to CBPM of R$30.17 per extracted tonne. (the ‘Acquisition’).

This is now the third CBPM lease acquisition by Homerun marking a significant step in the continuing strategic plan to consolidate control over the Santa Maria Eterna Silica Sand District. By controlling the district, Homerun secures uninterrupted access to a unique large-tonnage high-purity silica sand district, solidifying supply chains, enabling a competitive advantage in vertical integration, achieving pricing power and removing market competition. It also strengthens Homerun’s position when seeking funding or strategic partners as the Company can offer certainty of secure long-life supply and scale. The Company’s target resource over the areas of the three acquisitions now exceeds 200 million tonnes, including a current NI 43-101 mineral resource estimate of 63 million tonnes. This strategic consolidation has been achieved for total capital outlay of US$2.1 million, a fraction of the implied value based on the US$150 per tonne transfer price for the planned primary use-case in the Company’s Solar Glass Manufacturing facility which is being built next to these resources.

Brian Leeners, CEO of Homerun stated, ‘This marks a major milestone for Homerun. With district control we are positioned to unlock the full potential of Santa Maria Eterna. Our team has delivered this consolidation with minimal capital, laying the foundation for significant value creation as we advance towards production. We want to thank our management team for this effort in strategically building significant asset value for Homerun and its shareholders.’

The transaction will be settled with US$1,200,000 in Homerun common shares (valued at CA$1.00 per share) and US$200,000 in share purchase warrants (exercisable at CA$1.00 per share). The issuance of the Homerun common shares and warrants will be subject to standard director, shareholder and regulatory approvals and specifically the approval of the TSX Venture Exchange. The Homerun common shares issued under the terms of this agreement will be subject to a standard 4-Month statutory hold period. Pedreiras agrees to contact Homerun regarding the sale of any Homerun common shares and also agrees to limit the sale of the Homerun common shares in any given month to 100,000 if required to sell.

Figure 1: location of existing Homerun controlled claims via CBPM Lease Agreement (red and blue) and the new claims under the Pedreiras Agreement (in black).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4082/266168_b188dd55f4d37bab_001full.jpg

About Homerun (www.homerunresources.com)

Homerun (TSXV: HMR,OTC:HMRFF) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:

Homerun Advanced Materials

  • Utilizing Homerun’s robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant.
  • Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California – Davis.

Homerun Energy Solutions

  • Building Latin America’s first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics.
  • European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B).
  • Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use.
  • Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company’s high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.

With multiple profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company’s HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.

Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.

On behalf of the Board of Directors of
Homerun Resources Inc.

‘Brian Leeners’

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266168

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Hamak Gold Limited (LSE: HAMA / OTCQB: HASTF), a company combining traditional gold exploration in West Africa with a Digital Asset Treasury Management strategy, is pleased to announce that the Company’s shares have been admitted to trading on the OTC Venture Market (‘OTCQB’) in the United States, under the symbol ‘HASTF’. No new Ordinary Shares have been issued by the Company for this parallel trading of its shares.

The purpose of the listing of shares on the OTCQB is to broaden the Company’s exposure to the North American investor markets and to increase trading liquidity in a drive to deliver shareholder value.

The OTCQB is a middle-tier market for entrepreneurial and development U.S. and International companies, and is recognised by the Securities and Exchange Commission (‘SEC’) as an established public market.

Nick Thurlow, Executive Chairman of Hamak Gold, commented:

‘We are pleased to announce approval from the Financial Industry Regulatory Authority for Hamak to list on the OTCQB market. This is an important first step in a larger U.S. strategy designed to widen the investor base for Hamak.’

For further information you are invited to view the Company’s website at www.hamakgold.com or please contact:

Hamak Gold Limited

Nick Thurlow

Karl Smithson

n.thurlow@hamakgold.com

k.smithson@hamakgold.com

Peterhouse Capital Limited (Corporate Broker)

Yellow Jersey PR

Annabelle Wills

+44 (0) 20 7469 0930

+44 (0) 20 3004 9512

About Hamak Gold Limited

Hamak Gold Limited (LSE: HAMA) is a UK listed company focussed on gold exploration in Africa and with a strategy of pursuing a BTC/ crypto treasury management policy. Through its LSE main board listing investors underweight crypto can get professional exposure to this asset class.

Important Notice

The Company maintains some of its treasury reserves and surplus cash in Bitcoin, a form of cryptocurrency. The Company is not authorised or regulated by The Financial Conduct Authority (FCA) and Bitcoin investments are generally not subject to regulaton by the FCA or otherwise in the United Kingdom. Neither the Company nor investors in the Company’s shares are protected by the UK’s Financial Ombudsman Service or the Financial Services Compensation Scheme.

However the FCA considers Bitcoin investments to be high-risk. The value of Bitcoin can go up as well as down, leading to fluctuations in the value of the Company’s Bitcoin holdings, and the Company may not be able to realise its Bitcoin holdings for the same amount it paid to acquire them, or even for the value the Company currently attributes to its Bitcoin positions.

The Company’s Board of Directors have identified the following risks in relation to the holding of Bitcoin, which are not exhaustive:

  • The value of Bitcoin can be highly volatile, with its value falling as quickly as it rises. Investors in Bitcoin must be prepared to lose all money invested.
  • The Bitcoin market is largely unregulated. There is a risk of losing money due to factors such as cyber-attacks, financial crime, and counterparty failure.
  • The Company may not be able to sell its Bitcoin at will. The ability to sell Bitcoin depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks, and comingling of funds could cause unwanted delays.
  • Cryptoassets carry a perception of fraud, money laundering, and financial crime.

An investment in the Company is not an investment in Bitcoin itself, but prospective investors in the Company are encouraged to conduct their own research before investing and should be aware that they will have indirect exposure to the high-risk nature of cryptoassets, including their volatility, and could therefore sustain large or total losses of their investment.

Source

This post appeared first on investingnews.com

Decentralized finance (DeFi) is a revolutionary shift in the financial landscape, offering a blockchain-based system that facilitates transactions without relying on traditional intermediaries like banks or brokerages.

While the DeFi sector experienced a challenging period through 2022 and early 2023, the latter half of 2023 saw a significant resurgence. This growth was largely fueled by the anticipation and eventual approval of spot crypto exchange-traded funds (ETFs) in the US, signaling a pivotal moment for digital assets.

These moves were a major step toward blending digital assets with traditional financial products, a transition that has been further driven by the increasing maturation and institutionalization of the crypto ecosystem.

This is evident in the development of other products and services, such as:

  • Tokenization
  • Liquid staking
  • Derivatives and futures

DeFi has now moved beyond retail users, integrating further with traditional finance as institutions begin to incorporate DeFi protocols into their operations. The DeFi world moves at an exceptionally fast pace, with new technologies and platforms constantly emerging, making it a complex and confusing space for investors to navigate.

This guide explains how these key technologies and others are shaping the evolving DeFi landscape.

What are decentralized exchanges?

Decentralized exchanges, known as DEXs, facilitate the direct trading of cryptocurrencies between users through smart contracts, eliminating the need for a central authority.

These platforms allow users to maintain control of their assets throughout the trading process. A few popular DEXs include Uniswap, PancakeSwap and dYdX.

What is DeFi asset management?

DeFi asset management services aim to make investing simpler and more accessible.

They often use automated strategies to maximize yield without the need for constant monitoring. Some examples include Galaxy Asset Management and Maple Finance.

These systems are non-custodial, meaning users don’t have to give up their private keys or transfer their funds. An example is Yearn Finance, which automates yield-farming strategies to optimize returns.

What are yield farming and staking?

Yield farming allows users to earn rewards by providing liquidity to a protocol. This is done by depositing cryptocurrencies into a liquidity pool; in return, the user receives a portion of the trading fees.

Staking involves locking up assets to help secure and run a blockchain in exchange for rewards.

Liquid staking is a newer technology where users stake their crypto, but receive a liquid staking token (LST) in return that can be used elsewhere in DeFi while their original assets are locked. Liquid Collective’s Liquid Staked SOL (LsSOL) on the Solana network is an example of this. Another is JitoSOL, an LST by Jito Network.

Asset manager VanEck has filed an S-1 registration with the SEC to launch an ETF tracking JitoSOL.

Alongside DeFi-native staking options, centralized exchanges like Kraken make staking easy for users who want a simple, custodial experience, and they increasingly offer access to LSTs and expanded staking products.

How do DeFi lending and borrowing protocols work?

Lending and borrowing platforms enable users to lend their crypto assets and earn interest, or borrow assets by providing collateral. Unlike traditional loans, DeFi lending protocols often require borrowers to over-collateralize their loans. Interest rates are typically set by the supply and demand on the platform through an algorithm.

Examples of lending platforms include Aave, Compound and MakerDAO.

Aave is available on multiple blockchains, including Ethereum, Avalanche and Aptos, making it one of the most accessible and innovative lending protocols in DeFi today.

What is DeFi infrastructure?

The DeFi space includes firms that provide the foundational technology and tools for building and using DeFi.

Circle, the issuer of the USDC stablecoin, is partnering with Fireblocks to launch a new blockchain called Arc, which is tailored for businesses and optimized for stablecoins. Meanwhile, Coinbase Global (NASDAQ:COIN), a major crypto exchange, has launched a new app called Base, which combines a crypto wallet, trading, payments and social media. Coinbase also plans to launch nano perpetual futures for SOL and XRP in the US.

To boost its stablecoin payment services, Ripple plans to acquire a stablecoin payments platform called Rail.

What are stablecoins?

Stablecoins are cryptocurrencies designed to minimize price volatility by pegging their value to a stable asset, like the US dollar. There are different types of stablecoins, including:

  • Fiat-collateralized stablecoins, which are backed by reserves held in traditional currencies.
  • Crypto-collateralized stablecoins, which are backed by other cryptocurrencies.
  • Algorithmic stablecoins, which use algorithms to maintain their peg without direct collateral.

Examples include Tether (USDT), Circle Internet Group’s (NYSE:CRCL) USD Coin (USDC) and Dai (DAI). Coinbase, Kraken and Gemini are well-known platforms for trading stablecoins and other cryptocurrencies.

Additionally, MetaMask, a self-custodial crypto wallet, is set to launch its own stablecoin, MetaMask USD (mUSD), which will be issued by Bridge and powered by M0 liquidity.

What is tokenization?

DeFi platforms translate real-world assets, such as real estate or stocks, into digital tokens on a blockchain. This makes these assets accessible on-chain, effectively bridging traditional finance and DeFi.

There are several companies and platforms at the forefront of this trend.

JPMorgan Chase (NYSE:JPM) has a tokenized debt platform, Kinexys, that allows clients to trade and settle tokenized debt instruments, a service that State Street has also joined.

Additionally, Backed Finance recently partnered with Kraken to expand its xStocks product, which tokenizes stocks, to the Tron blockchain. Meanwhile, S&P Dow Jones Indices is reportedly in talks to license and list tokenized versions of its benchmarks with exchanges, custodians and DeFi protocols.

Ethereum and Solana have a major role in the tokenization movement too.

Ethereum is favored by institutions for its smart contracts. DBS Group Holdings (SGX:D05), a major financial institution, recently announced plans to launch tokenized structured notes on the Ethereum blockchain, while eToro Group (NASDAQ:ETOR) has plans to launch tokenized versions of US-listed stocks on the same network.

For its part, Solana was recently selected by Galaxy Digital (NASDAQ:GLXY) and Superstate for the launch of GLXY, a tokenized public share.

What are blockchain oracles?

These services connect smart contracts to real-world data, enabling them to execute based on off-chain information. Chainlink is one prominent blockchain oracle. Recently, it partnered with Intercontinental Exchange to bring foreign exchange and precious metals data on-chain. Chainlink also has its own on-chain treasury vehicle, Chainlink Reserve, which can support staking rewards and development funding.

What are perpetual futures?

Perpetual futures, known as perps, are derivatives contracts that allow traders to speculate on the price of an asset without an expiration date. They are a high-risk financial instrument that uses leverage to amplify gains or losses.

Coinbase has a derivatives arm, Coinbase Financial Markets, that launched US perps on July 21, 2025. On September 22, Coinbase Derivatives will expand its product suite with the launch of equity index futures.

Coinbase acquired Deribit, the largest platform for trading Bitcoin options and the world’s leading crypto options exchange by volume and open interest, in a US$2.9 billion deal in May 2025.

Kraken also offers US-compliant perps.

Investor takeaway

As DeFi continues to mature and attract interest from traditional financial institutions, its integration with conventional finance is accelerating. With ongoing advancements, DeFi is set to redefine how financial transactions are conducted, making it a pivotal area to watch in the future of finance.

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

This post appeared first on investingnews.com

Barrick Mining (TSX:ABX,NYSE:B) has agreed to sell its Hemlo gold mine in Ontario for up to US$1.09 billion, transferring one of Canada’s most storied gold operations to a new owner and marking Barrick’s shift away from non-core assets.

The Toronto-based company announced Thursday (September 11) that Carcetti Capital (TSXV:CART.H,LSE:ORUG), which will be renamed Hemlo Mining (HMC), will acquire the mine under terms that include US$875 million in cash, US$50 million in HMC shares, and as much as US$165 million in contingent payments tied to future gold prices and production.

Barrick president and chief executive Mark Bristow said that the sale is part of the company’s ongoing capital allocation approach, noting that proceeds will help bolster the company’s balance sheet and fund returns to shareholders.

“The sale of Hemlo at an attractive valuation marks the close of Barrick’s long and successful chapter at the mine and underscores our disciplined focus on building value through our Tier One gold and copper portfolio,” Bristow said.

Hemlo, located near Marathon, Ontario, has produced more than 25 million ounces of gold over three decades of continuous operation.

Once hailed as a cornerstone of Canadian gold production, the mine transitioned from open-pit to underground operations in 2020. Its future will now rest with HMC, a vehicle backed by a group of well-known industry investors and leaders.

The incoming HMC board will include Robert Quartermain, founder of Pretium Resources (TSX:PVG) and former CEO of SSR Mining Inc. (NASDAQ:SSRM,TSX:SSRM), who played a key role in the original discovery of Hemlo while at Teck Resources (TSX:TECK.B,NYSE:TECK,OTC:TCKRF).

The company will also be led by Jason Kosec, named incoming CEO, and supported by a consortium that includes Wheaton Precious Metals (TSX:WPM,NYSE:WPM) and Orion Mine Finance.

To finance the acquisition, HMC has secured a US$1 billion package comprised of US$400 million in gold streaming from Wheaton, US$415 million in equity, and US$200 million in debt. Wheaton will also take up to US$50 million of the equity raise.

“Hemlo offers a unique opportunity to add immediate, accretive gold ounces from a politically stable jurisdiction, backed by a long history of production and a capable operating team,” Wheaton CEO Randy Smallwood said in a company press release.

Under the streaming agreement, Wheaton will initially purchase 13.5 percent of Hemlo’s payable gold until 181,000 ounces are delivered, after which the rate will fall to 9 percent for another 157,330 ounces, and then to 6 percent for the remainder of the mine’s life.

Wheaton’s attributable production is expected to average around 20,000 ounces annually for the first decade and more than 17,000 ounces annually over the life of mine, which is forecast to extend for at least 14 years.

For Barrick, the sale continues a multi-year effort to trim smaller, less profitable operations in favor of large, long-life assets that meet its “Tier One” criteria.

Earlier this year, the company also divested its stakes in Donlin and Alturas, bringing expected gross proceeds from non-core asset sales in 2025 to more than US$2 billion.

While Barrick emphasized that Canada remains an important exploration jurisdiction, the Hemlo deal effectively ends its role as a mine operator in its home country.

Reports of a potential sale had circulated since mid-2024, spurring rumors that Barrick was in advanced talks with Discovery Silver (TSX:DSV,OTCQX:DSVSF) to divest Hemlo.

While those discussions did not result in a deal, Thursday’s announcement confirms the company’s intent to fully exit the Canadian mining landscape.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (September 12) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$114,941, a 1 percent increase in 24 hours. Its highest valuation of the day was US$116,309, and its lowest was US$113,802.

Bitcoin price performance, September 12, 2025.

Chart via TradingView.

Ether (ETH) was priced at US$4,521.17, an increase of 2.5 percent over the past 24 hours. Its highest valuation on Friday was US$4,558.54, and its lowest was US$4,400.20.

Altcoin price update

  • Solana (SOL) was priced at US$239.78, an increase of 5.3 percent over the last 24 hours. Its highest valuation on Friday was US$239.83, and its lowest level was US$225.74.
  • XRP was trading for US$3.04, up by 1.2 percent in the past 24 hours. Its highest valuation of the day was US$3.07, and its lowest valuation was US$2.99.
  • SUI (Sui) was valued at US$3.63, up by 0.4 percent in the past 24 hours. Its highest price on Friday was US$3.69 and its lowest was US$.358.
  • Cardano (ADA) was priced at US$0.8895, up by 1.1 percent over 24 hours. Its highest valuation on Friday was US$0.9064, and its lowest was US$0.8743.

Today’s crypto news to know

US Bitcoin ETFs extend inflow streak, adding US$550 Million

Spot Bitcoin ETFs in the U.S. attracted US$552.78 million in net inflows on Thursday, their fourth consecutive day of investor demand.

According to data from SoSoValue, it is the longest run Bitcoin has been on since late August, when inflows coincided with bitcoin’s climb to a record high above US$123,000.

Wednesday’s (September 10) US$757.14 million intake was also the biggest single-day gain since July, heralding renewed appetite for crypto-backed products.

In addition to the upsurge, Ether ETFs have also returned to positive territory after a six-day losing streak drained more than US$1 billion.

Analysts tie the flows to expectations of a Federal Reserve rate cut on September 17, which could boost risk assets across the board. Bitcoin has gained 3.2 percent over three days to trade above US$115,000, while Ether is up about 5 percent at US$4,500.

Dormant Bitcoin whale resurfaces after 13 years

A long-silent bitcoin wallet holding 444.81 BTC, worth over US$50 million, has suddenly sprung to life after 13 years of inactivity.

On September 11, blockchain monitors flagged transfers of 132.03 BTC to a new address and 5 BTC to Kraken, sparking speculation about the motives behind the move.

The wallet had been inactive for 13 years, raising questions among investors about whether the original owner has regained access or if coins have changed hands.

Historically, dormant wallets often capture market attention as their moves can precede larger sales or signal shifting long-term sentiment.

The timing also comes amid Bitcoin’s latest rally above US$115,000, but so far, the whale’s remaining holdings remain untouched.

Gemini prices IPO at US$28, set to trade on Nasdaq

Gemini (NASDAQ:GEMI), the exchange founded by Tyler and Cameron Winklevoss, has priced its initial public offering at US$28 per share, above earlier expectations.

The stock will begin trading on the Nasdaq Global Select Market under the ticker “GEMI”, marking one of the year’s most closely watched crypto debuts. Strong investor demand pushed the price well past the originally targeted US$17 to US$19 range, with underwriters holding an option to buy extra shares.

The company won’t directly benefit from secondary sales, though the deal signals strong interest in public crypto firms.

Gemini reported US$142.2 million in revenue last year, with nearly 70 percent coming from trading fees, but also posted widening losses that hit US$282.5 million in the first half of 2025.

Despite its IPO success, the company faces lingering scrutiny, having settled a US$5 million CFTC case in January over alleged misstatements tied to Bitcoin futures.

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

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The federal trial of Ryan Routh, the accused would-be assassin of President Donald Trump at his West Palm Beach golf club last year, is scheduled to begin Thursday. 

After several rounds of jury selection that began Monday, a panel of 12 jurors — along with four alternates — were seated Wednesday. The group includes six White women, four White men, one Black woman and one Black man. The alternates consist of two White women and two White men.

Opening arguments are scheduled for Thursday at the federal courthouse in Fort Pierce, Florida, where prosecutors are expected to move swiftly into presenting their case.

Roughly 180 people were summoned for jury duty in three waves of 60. Both prosecutors and Routh, who has declined public defense and has chosen to self-represent, questioned candidates to determine whether they could serve impartially.

Routh peppered prospective jurors with offbeat questions, asking about Ukraine, the war in Gaza and even what they would do if a turtle crossed the road while they were driving.

The most recent high-profile federal defendant to represent themselves was Dylann Storm Roof, the mass murderer responsible for the 2015 Charleston, South Carolina, church shooting. Roof briefly represented himself in the federal death penalty phase of his trial in 2016. He requested to proceed pro se and was allowed to do so for part of the proceedings before ultimately reverting to court-appointed counsel.

By the end of Tuesday, the court had already dismissed more than 70 of the initial 180 prospective jurors, many citing strong opinions about Trump, connections to law enforcement or concerns about impartiality in a highly politicized case. 

Routh has pleaded not guilty to federal charges of attempting to assassinate a major presidential candidate and assaulting a federal officer. Prosecutors say he was armed with an AK-style rifle when Secret Service agents stopped him near Trump’s golf course in West Palm Beach in September 2024. The attempt came just months after Trump was shot and narrowly survived an assassination attempt in Butler, Pa.

The trial is expected to last two to four weeks with Trump-appointed Judge Aileen Cannon at the helm of the trial.

Fox News Digital’s Diana Stancy contributed to this report.

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Republicans from the House Oversight Committee released a report outlining what they allege are conflicts of interest, financial mismanagement and oversight failures associated with a Biden-era green energy grant program that sent $20 billion to just 8 different nonprofits.

The money stems from the Inflation Reduction Act of 2022, which budgeted roughly $27 billion to advance clean energy and ‘environmental justice’ under the Greenhouse Gas Reduction Fund (GGRF). An undercover recording of a former Biden Environmental Protection Agency (EPA) political appointee, who described disbursements made through GGRF as akin to tossing gold bars off the Titanic at the end of Biden’s term, was cited by EPA Administrator Lee Zeldin in February when he announced that the agency would be looking into the matter. Republicans are currently trying to claw back the funds, which they claim were rushed out the door at the end of the Biden administration with little oversight and steered toward Democratic allies. 

‘Today’s report from the House Oversight Committee exposes the Biden administration’s sweeping green energy scheme, designed to funnel tens of billions in taxpayer dollars to enrich Democratic allies and fund partisan, politically motivated projects,’ House Republican Oversight Chairman James Comer told Fox News Digital. ‘Americans deserve better than this green energy scam disguised as environmental justice, and Oversight Republicans will continue to hold the Biden administration accountable to ensure the EPA operates as intended and that taxpayer dollars are spent transparently, responsibly, and in the best interest of the American people.’

The EPA terminated most of these grants after the Trump administration took office, but the move was met with legal pushback from Democrats. However, last week, a federal appeals court judge struck down a lower court’s ruling that blocked the Trump administration’s move to freeze the funds, arguing the administration was acting in accordance with its role to provide ‘proper oversight’ of how funds are distributed.

The EPA has referred the matter to the agency’s inspector general. The Justice Department and Federal Bureau of Investigation are also running concurrent investigations, the EPA has indicated. However, up to this point, no criminal wrongdoing has been uncovered.   

Oversight and Investigations Subcommittee Ranking Member Rep. Yvette Clarke, D-N.Y., declined to comment on the matter. Additionally, several other top ranking Democrats, including the ranking member on the House Oversight Committee, Rep. Robert Garcia, D-Calif., did not respond to requests for comment.

However, in an Aug. 11 letter to Zeldin signed by several ranking Democrats, including Clarke, they accused Zeldin of ‘lying’ about the Inflation Reduction Act funding. 

‘Time and again, you have boasted about the unlawful activities EPA is conducting under your leadership without any credible evidence to justify your actions,’ the letter stated.

While there may not be any criminal wrongdoing alleged thus far, the picture painted by the investigation by House Oversight Republicans shows the Biden administration ‘turned the Environmental Protection Agency into a vehicle for rewarding political allies, all while risking the stability of our energy infrastructure,’ according to Comer.

‘Today’s report from the House Oversight Committee exposes the Biden administration’s sweeping green energy scheme, designed to funnel tens of billions in taxpayer dollars to enrich Democratic allies and fund partisan, politically motivated projects,’ Comer added.

The report released by Oversight Republicans details how committee staff reviewed ‘tens of thousands’ of documents produced by the GGRF awardees in question. The documents also included EPA materials for reviewing and awarding the GGRF funds, among other records.

The report shows how the EPA judged the applicants using a scoring system that awarded points for different parts of the nonprofits’ proposals. For example, flawless ‘financial risk management’ awarded a total of 85 points, while flawless ‘legal and compliance risk management’ could provide an applicant up to 40 possible points. Meanwhile, the EPA weighted ‘equity and environmental justice’ the same way it did ‘financial statements’ and more than it weighted good ‘governance’ or ‘legal and compliance risk management,’ among other categories. 

‘By doing so, the EPA all but ensured that the grants would go to President Biden’s political allies. All awardees of the GGRF had ‘climate equity’ or diversity, equity, and inclusion (DEI) policies in place or committed to putting equivalent policies in place,’ the House Oversight report argues. ‘EPA criticized multiple applicants because their targeted reductions in emissions were too low. In other cases, the EPA staff complained that there was not enough ‘environmental justice’ expertise represented in leadership or on the boards of the nonprofits. The Biden EPA insisted on climate equity metrics over merit.’

 

After receiving their scores, the program provided a ‘reconciliation process’ for EPA staff to discuss their assessments and adjust their scores, according to the Oversight report. The ultimate decision was then passed to a single ‘selection official’ who made the final determination.

The report also claims that the disbursement review process was ‘full of contradictions.’ It says documents showed EPA officials had concerns about the groups receiving the funds related to overly optimistic projections for financial benefits or emissions reductions, lack of access to private capital, high uninsured cash balances, and lack of transparency. Simultaneously, in other documents, the EPA justified the GGRF recipients as entities ‘with track records, staff, risk management policies, and other programmatic capabilities,’ according to the House Oversight report.

One of the groups under scrutiny, Climate United Fund, was established for the purpose of utilizing the GGRF, according to the Oversight report. The report points to claims from EPA staff indicating the group is ‘a new-entity purpose built for the execution of our program plan and does not have a robust reporting history.’

Climate United, reported just $95,557 in assets for fiscal year 2023 but received $6.97 billion from the EPA, representing a 7,293,980% increase in reported assets since 2023, the Oversight report points out.

Other groups also saw similarly significant increases.

Power Forward Communities received $2 billion as part of the GGRF disbursements. The group, not established until after the Biden administration announced the GGRF application process, reported just $100 in assets in its first and only tax filing – meaning that following the $2 billion GGRF award, the entities’ assets increased 2,000,000,000%, according to the House Oversight report.

‘These tired allegations distract from the fact that EPA’s illegal funding freeze will drive up energy costs for hardworking Americans across the country. When household bills are skyrocketing, Congress should be focused on deploying cheap, clean energy technologies rather than resurfacing false claims,’ Brooke Durham, a spokesperson for Climate United told Fox News Digital when reached for comment. ‘Climate United welcomes the opportunity to explain our work and the benefits of the NCIF program to Congress, federal agencies, and to the public.’

The spokesperson also noted that while the Climate United coalition – which is made up of three separate organizations – is new, the organizations that make it up are not.

‘The organizations that make up Climate United have been investing in communities for over 30 years, and are experts in the capital markets who have collectively managed more than $30 billion in institutional and public funds,’ Durham said. She added that the group was proud to tout a 946.5 point evaluation score by the EPA out of a possible 1050 points, which Durham noted was among the highest of all the awardees.

Power Forward declined to comment. However, the group’s CEO, Tim Mayopolous told CBS News last month that the GGRF award process ‘was a highly structured, competitive process that the United States government went through.’

‘The organizations that are part of our coalition that actually do this work – they have been around collectively for nearly a century, and they have invested or disbursed over $100 billion of capital into communities all over America over those years,’ Mayopolous added. ‘We’re not inexperienced people.’    

Climate United, along with some of the other groups in question, are also under fire for allegedly inflating their executives’ salaries and travel benefits in proposed budgets. The CEO’s salary at Climate United was slated to be over $500,000, and at Power Forward $800,000, with an increase to over $900,00 in a year. One group produced a budget that paid its executive staff of seven employees a total of $24,862,419 over three years, according to the report.

Meanwhile, conflicts of interest, which Zeldin has described as ‘blatant,’ were also laid bare in the report. The director of the GGRF selected by the Biden White House was a former policy director at the group that wanted to pay their executive staffers close to a combined $25 million over three years, according to the report. The report says the director had to recuse himself from the award process because of the conflict.   

At Climate United, the group currently staffs a former Biden climate advisor who worked during the last two years of the former president’s term. Their board makeup while pursuing the GGRF award also had ties to the Obama administration. However, Durham contested the implication that there were conflicts of interest, telling Fox News Digital that no staff or board members at Climate United helped with the design of the program, or the selection of the award recipients.

Power Forward’s GGRF application process was also accused of being led by Democrat allies in the Republican Oversight report. Power Forward was founded by executives at nonprofit Rewiring America, co-founded by top Obama administration advisors, the report states. It also claims that Power Forward had planned on awarding Rewiring America with nearly $500,000,000.

‘The nonprofits receiving awards are littered with connections to Biden Administration staff and allies. The executives and board members at some of the GGRF’s awardees even helped write the policies that created the GGRF and are now benefitting from exorbitant salaries provided by taxpayers,’ the House Oversight report states. 

‘The GGRF was a huge step for the Left in realizing the Green New Deal. The program is a National Green Bank that will flood the economy with billions in taxpayer dollars to fund partisan projects regardless of whether they merit investment or not.’

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