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November 13, 2025

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Former President Bill Clinton’s Treasury Secretary Larry Summers maintained regular contact with Jeffrey Epstein years after he was convicted on prostitution-related charges, documents released by House Republicans on Wednesday revealed.

Among the over 20,000 pages of documents released by House Republicans was a series of email exchanges ranging from 2016 to 2019 between Epstein and Summers that suggest a cozier relationship between the two than previously known. The email exchanges include banter about an unknown woman as well as discussions about politics and President Donald Trump.

On March 3, 2019, just months before his arrest, Epstein and Summers, who was also president of Harvard University from 2001 to 2006 and served as the director of former President Barack Obama’s National Economic Council from 2009 to 2011, exchanged emails in which they discussed Summers’ correspondence with an unknown woman.

In an email to Epstein, Summers wrote of his interaction with the woman, saying: ‘We talked on phone. Then ‘I can’t talk later’. Dint (sic) think I can talk tomorrow’. I said what are you up to. She said ‘I’m busy’. I said awfully coy u are. And then I said. Did u really rearrange the weekend we were going to be together because guy number 3 was coming’ She said no his schedule changed after we changed our plans. I said ok I got to go call me when u feel like it. Tone was not of good feeling. I dint want to be in a gift giving competition while being the friend without benefits.’

Epstein replied just minutes later, saying, ‘shes smart. making you pay for past errors. ignore the daddy im going to go out with the motorcycle guy, you reacted well.. annoyed shows caring., no whining showed strentgh.’

Months before that, in November 2018, Summers forwarded Epstein an email from a woman he had corresponded with the comment: ‘Think no response for a while probably appropriate.’

Epstein replied, ‘She’s already begining to sound needy nice.’

On July 15, 2018, Epstein emailed Summers, ‘new york soon?’

‘Unsure. What is up’ Summers replied.

The next day, Epstein wrote, ‘wed presidnt [sic] of united nations, interesting person for you.’

Shortly after midnight, Summers replied, ‘Do the Russians have stuff on Trump? Today was appalling even by his standards.’

Epstein replied: ‘My email is full with similar comments… he thinks he has charmed his adversary… he has no idea of the symbolism — he has no idea of most things.’

In another exchange from 2017, Epstein wrote, ‘I have met some very bad people ,, none as bad as trump. not one decent cell in his body.. so yes- dangerous.’

In a November 2016 email to Epstein, Summers wrote: ‘Spend zero effort on anything about me w trump. Seeing his approach to conflict of interest, his Putin proximity, and his mindless response on Castro death I’m best off a million miles away. Until they are deeply humbled by the f—ups that are sure to come, I serve myself and country best by doing nothing that involves loyalty to them.’

A month before, Epstein emailed Summers, ‘trump roles (sic) out Clintons four accusers. recall our dinner?’ To which Summers replied just hours later, ‘No. what happened? R u about to be dragged in?’

Summers was previously known to have a connection to Epstein. The Wall Street Journal reported in 2023 on another exchange in which Summers asked Epstein for advice on fundraising for a project by his wife, Harvard professor Elisa New.

Fox News Digital reached out to a spokesperson for Summers but did not receive a comment by the time of publication.

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: Former Special Counsel Jack Smith allegedly sought the private, personal cellphone records of then-Speaker of the House Kevin McCarthy as part of his investigation into the Jan. 6, 2021, Capitol riots, Fox News Digital has learned.

Smith also sought the private phone records of now-former Republican Rep. Louie Gohmert of Texas.

Fox News Digital exclusively reviewed the document that FBI Director Kash Patel recently shared with Senate Judiciary Committee Chairman Chuck Grassley and Sen. Ron Johnson containing the explosive revelations. Grassley and Johnson have been leading a joint investigation into Smith’s ‘Arctic Frost’ probe.

According to the document, Smith, on Jan. 24, 2023, allegedly sought the ‘toll records for the personal cell phones of U.S. Speaker of the House Kevin McCarthy (AT&T) and U.S. Representative Louie Gohmert (Verizon.)’

The information was included as part of a ‘Significant Case Notification’ drafted by the FBI’s Criminal Investigative Division May 25, 2023.

‘Jack Smith’s radical and deranged investigation was never about finding the truth,’ former House Speaker Kevin McCarthy told Fox News Digital. ‘It was a blatant weaponizing of the Justice Department to attack political opponents of the Biden administration. Perhaps no action underscores this point more than the illegal attempt to access the phone records of sitting members of the House and Senate — including the Speaker of the House.’ 

‘His illegal targeting demands real accountability,’ McCarthy continued. ‘And I am confident Congress will hold hearings and access documents in its investigation into Jack Smith’s own abuses.’ 

‘At the same time, I will ask my own counsel to pursue all areas of redress so this does not happen to anyone else,’ McCarthy said. 

The revelations come after Fox News Digital exclusively reported in October that Smith and his ‘Arctic Frost’ team investigating the Jan. 6, 2021, Capitol riots were tracking the private communications and phone calls of nearly a dozen Republican senators as part of the probe, including Sens. Lindsey Graham of South Carolina, Marsha Blackburn of Tennessee, Ron Johnson of Wisconsin, Josh Hawley of Missouri, Cynthia Lummis of Wyoming, Bill Hagerty of Tennessee, Dan Sullivan of Alaska, Tommy Tuberville of Alabama and GOP Rep. Mike Kelly of Pennsylvania.

An official told Fox News Digital that those records were collected in 2023 by Smith and his team after subpoenaing major telephone providers. 

Smith has called his decision to subpoena and track Republican lawmakers’ phone records ‘entirely proper’ and consistent with Justice Department policy.

‘As described by various Senators, the toll data collection was narrowly tailored and limited to the four days from January 4, 2021 to January 7, 2021, with a focus on telephonic activity during the period immediately surrounding the January 6 riots at the U.S. Capitol,’ Smith’s lawyers wrote in October to Grassley.

Grassley, R-Iowa, and Johnson, R-Wis., have been investigating the matter, and seeking answers from major telephone providers.

In AT&T’s response to Grassley, it noted that Smith sought phone records for two members of Congress.

Fox News Digital has learned that AT&T informed Grassley’s staff that one of the members was Sen. Ted Cruz, R-Texas, but refused to disclose the second member.

The newly declassified document reviewed by Fox News Digital appears to reveal that the second member of Congress that Smith sought records from AT&T for was McCarthy, R-Calif. 

Fox News Digital obtained AT&T’s response to Grassley, in which the company notes that Smith sent them a grand jury subpoena that included a request for phone records associated with two members of Congress.

‘However, when AT&T raised questions with Special Counsel Smith’s office concerning the legal basis for seeking records of members of Congress, the Special Counsel did not pursue the subpoena further, and no records were produced,’ AT&T told Grassley.

AT&T also stressed that the company ‘has not produced any records or other information to Special Counsel Jack Smith’ relating to ‘any member of Congress.’

‘Jack Smith’s Arctic Frost investigation looks more and more out of control with each passing day,’ Grassley told Fox News Digital. ‘Based on my oversight, it was a fishing expedition that swept up Republicans in and out of Congress, from top to bottom.’ 

‘Arctic Frost’ was opened inside the bureau April 13, 2022. Smith was appointed as special counsel to take over the probe in November 2022. 

An FBI official told Fox News Digital that ‘Arctic Frost’ is a ‘prohibited case,’ and that the review required FBI officials to go ‘above and beyond in order to deliver on this promise of transparency.’ The discovery is part of a broader ongoing review, Fox News Digital has learned.

Smith, after months of investigating, charged President Donald Trump in the U.S. District Court for Washington, D.C., in his 2020 election case, but after Trump was elected president, Smith sought to dismiss the case. Judge Tanya Chutkan granted that request. 

Smith’s case cost taxpayers more than $50 million. 

Smith did not immediately respond to Fox News Digital’s request for comment.

This post appeared first on FOX NEWS

As President Donald Trump redirects U.S. resources toward operations closer to home, former Secretaries of State Hillary Clinton and Mike Pompeo warned that America’s adversaries could benefit from a reduced global footprint.

Clinton told an audience Wednesday that she’d heard of internal Pentagon discussions advocating a ‘spheres of influence’ model that would focus U.S. power in the Western Hemisphere while allowing Russia to dominate Eastern Europe and China to control much of East Asia.

‘There seems to be a group within the Pentagon who are advocating for these spheres of influence … I think that’s a disaster. And I think it weakens us vis-à-vis our principal problem, which is… the Chinese Communist Party,’ she said during a discussion at Columbia University.

The remarks come as the Pentagon increases counter-narcotics and maritime security missions across the Caribbean and eastern Pacific, expanding the U.S. military presence in the Southern Command region to its largest level in decades — a shift that reflects Trump’s renewed emphasis on prioritizing the Western Hemisphere. 

The U.S. last week said it would withdraw a rotational infantry brigade largely based in Romania, with some forces in Slovakia, Hungary and Bulgaria.

Clinton, who was an early architect of the Obama administration’s ‘pivot to Asia’ strategy during her 2009–2013 tenure at the State Department, said any retreat from the Indo-Pacific would invite instability and signal weakness to U.S. adversaries.

Pompeo largely agreed, saying the United States should strive for global ‘American hegemony’ rooted in Western values and must never concede leadership to rivals.

‘I agree with almost everything Secretary Clinton said there,’ Pompeo said. ‘I want American values to dominate the world for the next 250 years … I want to influence every sphere of influence.’

Even as the War Department has prioritized a focus on the Western Hemisphere, Secretary Pete Hegseth has promised the U.S. would ‘stoutly defend’ its interests in the Indo-Pacific. 

Pompeo directed particularly harsh words at China, even as U.S.–China relations show tentative signs of easing after Trump’s recent meeting with Chinese President Xi Jinping.

‘We shouldn’t use the word competition and the Chinese Communist Party in the same sentence… The Chinese Communist Party wants to cut our heads off,’ he said, adding, ‘They killed 10 million people and didn’t lose a moment’s sleep when a virus was foisted around the world.’

Pompeo, who served as secretary of state and CIA director in the first Trump administration, also claimed that China had given its blessing to North Korea to send troops to assist Russia in its war on Ukraine.

‘There are 13,000 North Koreans on the ground inside of that conflict today,’ he said. ‘They did not go there without Xi Jinping asking Chairman Kim… to go.’

Clinton, meanwhile, accused congressional Republicans of staying silent when the White House oversteps its power, citing Trump’s repeated extensions of a deadline for TikTok to divest or face a U.S. ban.

‘Their tongues must be totally bitten off because they don’t speak out,’ Clinton said.

She warned that social media is now shaping — and in some cases distorting — public opinion, posing ‘a huge danger to democracy.’ Clinton also said TikTok was ‘found by a bipartisan decision of Congress to be controlled by the Chinese Communist Party.’

Pompeo echoed that concern. ‘I’m worried about the fact that we’ve got social influencers on TikTok that are shaping your minds, and that that’s controlled by the Chinese Communist Party to a significant degree,’ he said. 

The pair of former officials found common ground years after Pompeo vowed to release more of her emails in the run-up to the 2020 election. Trump had expressed disappointment that Pompeo’s State Department had not released more of the emails Clinton famously sent from a private server during her time leading the department.

‘We’re doing it as fast as we can’ Pompeo told Fox News at the time, while predicting ‘there will be more to see before the election.’

‘It’s pathetic,’ Clinton had told The New York Times of Pompeo’s promise.

Pompeo has also been critical of Clinton’s ‘failures’ related to Benghazi and ‘rampant corruption.’

This post appeared first on FOX NEWS

The longest government shutdown in history finally ended on Wednesday night after nearly every member of the House of Representatives raced to Washington to cast their vote.

The threat of air travel delays — fueled in no small part by the fiscal standoff — as well as bad weather in parts of the country forced some lawmakers to find more unconventional routes to ensure they arrived on time.

First-term Rep. Addison McDowell, R-N.C., for example, found himself carpooling more than five hours alongside House Rules Committee Chairwoman Virginia Foxx, R-N.C. — a powerful GOP lawmaker more than 50 years his senior.

‘It dawned on me that, for a while there, I was one of the most powerful people in America, because I had the Rules chair, who — we couldn’t start the process of passing this bill until she got here,’ McDowell told Fox News Digital. ‘We had a one-seat majority, and there was two of us. So, you know, there was a lot of pressure to make sure she got here on time.’

Foxx’s committee was responsible for preparing federal funding legislation for a House-wide vote, which it did from just before 7 p.m. Tuesday until around 2 a.m. Wednesday.

‘She just kind of asked, ‘Hey, would you be willing to carpool?’ And I was like, ‘Yeah, not a problem at all.’ I’ve got a truck, so I’ve got plenty of room. We could have taken the whole delegation up, just put all the guys in the back,’ McDowell joked.

He also knew that driving Foxx up earlier than most lawmakers had to be there came with sacrifices.

‘Neither of us got to participate in any Veterans Day events in our district, which was a real bummer. But we had an important job to do, and that was make sure our government services and our current troops are getting paid,’ he said.

McDowell said he spent the roughly five-and-a-half-hour drive asking Foxx questions about her work and her own life, which she happily answered.

And the senior House Republican told Fox News Digital that she appreciated the experience herself.

‘I have never had a chance to really sit down with him for a long period of time, so I really welcome the opportunity to get to know him better,’ Foxx said. ‘He told me a lot about experiences he’s had. We talked about things from my side, mostly policy issues, but I did tell him a little bit more about my background.’

Foxx said it was a combination of bad weather in the North Carolina mountains and concerns about flight delays that moved her to contact colleagues about driving up — until she found her schedule most aligned with McDowell’s, and she drove herself to meet him before the long ride.

‘I have to say he’s an excellent driver,’ Foxx said. ‘We stopped in Henderson, North Carolina, and got Chick-fil-A sandwiches — of course, what else would we get? We left there at 11 [a.m.] and we got here at about 4:40 [p.m.].’

Asked if she would do it all again, Foxx said, ‘In a heartbeat.’

Rep. Randy Feenstra, R-Iowa, also opted to drive instead of fly — a trip that spanned more than 1,000 miles across 15 hours overnight.

Feenstra said he and two staffers ‘took turns driving’ through the night, stopping only for gas and arriving in Washington some time on Wednesday morning before the vote.

‘I had a lot of Veterans Day events. I wanted to make sure that I was in my district for that. And then, once that was completed at 5 last night, we headed this way,’ he said. ‘When that’s your only option, you do it. This job — you’ve got to do whatever you have to.’ 

And Midwestern Rep. Derrick Van Orden, R-Wis., also took to the roads, but in a different vehicle.

‘Democrats shut the government down over 40 days ago now. And I could not count on air travel,’ he told Fox News Digital. ‘So I talked to my wife for about five seconds and said, ‘I’m getting on the motorcycle and leaving.’ So I did, and I got here on time.’

Van Orden, who first told The Hill of his plans, said he rode through sub-zero temperatures and had to navigate black ice on the roads. At one point, he stopped at a hotel ‘for four or five hours’ when the environment appeared ‘sketchy,’ he said.

‘Someone asked me, ‘Why don’t you just drive a car?’ Here’s why. We only have one car. And I wasn’t going to inconvenience my wife, because she is one of my constituents, and she happens to be my favorite constituent,’ he said.

‘People around here don’t seem to understand that the mission is more important than their personal security or comfort. And if more people in this building took their job more seriously and realized it’s about the American people than not, then we will be a better country.’

This post appeared first on FOX NEWS

The postmortems for Republicans’ lackluster results in this month’s spate of elections in New Jersey, Virginia and beyond are in, and while pet theories abound, there is one thing almost everyone agrees on: In the age of President Donald Trump, the GOP does not fare well when he is not on the ballot.

The question for Republicans in tough congressional campaigns across the country is how they can symbolically get Trump on the ballot, and more importantly, get his often reluctant voters to the polls to fill out said ballots.

The best way to achieve this goal is an idea that Trump himself has floated, a midterm national Republican convention that showcases the party’s achievements under Trump’s second term and that makes it crystal clear that Americans won’t just be voting for Congress, but for Trump’s agenda.

The success of the 2024 Republican National Convention in Milwaukee was a bit overshadowed by assassination attempts and top of the ticket shakeups, but it is widely and rightly regarded as one of the best ever staged, and it made a difference.

The RNC was not only excellent prime-time television that showcased the priorities of the Trump GOP, it was an even better live event on the ground, cornhole courts and bars and restaurants created a festive, even joyous atmosphere.

This live event feeling could be amplified by satellite parties, even if the main convention is in Philadelphia for the 250th anniversary of America, or Chicago, to celebrate the birth of the Republican Party. Every city and town could have its own smaller version.

The power of such live events is something that both President Trump and the late founder of Turning Point USA, Charlie Kirk, understood intuitively. If the midterm convention could be part Trump rally, part TPUSA party, well, that’s a powerful combination.

The most important reason why a midterm convention is vital is to put Trump front and center in the election. By then his signature One Big, Beautiful Bill Act will have cut taxes on tips and overtime, some of the trillions of new investment will be taking root, and Trump will be able to point to these achievements.

One thing that was notably missing in this most recent off-year election season was any emphasis on the Make America Healthy Again wing of the Trump movement led by Health and Human Services head Robert F. Kennedy Jr.

That was a mistake, Kennedy’s focus on making sure we aren’t poisoning our kids played a massive role in Trump’s 2024 win. A midterm convention could put the issue back on the table, and MAHA moms everywhere back in play.

This convention would also highlight Trump’s all but miraculous closing of the southern border, and celebrate, rather than denigrate, federal officials working to rid the nation of criminal illegal aliens.

Trump’s message would be simple: ‘I’ve got two more years to do what you put me in office to do, but to do it, I need Congress.’

If Republicans get really lucky, then holding a midterm convention might lead Democrats to hold one of their own, an exercise that could not help but betray the deep divisions in their ranks.

Who would speak at the DNC? Who would be welcome? Socialist mayor of New York City Zohran Mamdani or Sen. John Fetterman, D-Pa., or maybe both at once yelling at each other about who’s a Zionist and who’s an antisemite. You see my point?

Trump is perhaps first and foremost a showman. That can be colored as a criticism or assessed as an asset, but it cannot be denied. The best chance that Republicans have in 2026 is to let him put on his show.

Although I am told that conversations have occurred behind the scenes in preparation for a potential midterm convention, it would still be a heavy lift. Usually there are four years to plan these things, not six months. But the Trump movement has the infrastructure and wherewithal to pull it off.

The ‘Trump Rally’ will go down in history, alongside the Lincoln-Douglas debates and President Franklin Delano Roosevelt’s fireside chats, as one of the most successful forms of political communication our nation has ever seen. My sense is that voters are up for one more encore performance.

Letting Trump be Trump might not just be the best strategy for Republicans in 2026, it might be the only one. And hey, if you’re going to lose anyway, why not go out with a party?

This post appeared first on FOX NEWS

Homerun Resources Inc.  (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that the Company has engaged DTEC PMP GmbH (‘DTEC’) to deliver a Bankable Feasibility Study (BFS) for Homerun’s antimony-free solar glass manufacturing project. The study will leverage the Company’s high-purity, low-iron silica resource from Santa Maria Eterna, Belmonte, Bahia, Brazil.

This partnership marks a significant step forward in Homerun’s vertical integration strategy, progressing the project from engineering concept to bankable reality. The BFS will provide a complete technical and economic evaluation in accordance with international banking and financing standards, encompassing the project’s design, capital and operating costs, market analysis, and ESG framework.

The Bankable Feasibility Study is expected to be completed within Q1 2026, on schedule with Homerun’s development timeline for advancing its solar glass manufacturing initiative. Upon completion, the BFS will serve as a cornerstone for securing project financing and initiating detailed design and construction activities.

Brian Leeners, CEO of Homerun Resources, commented: ‘Engaging DTEC represents a powerful milestone in the advancement of our solar glass strategy. With this Bankable Feasibility Study, we are moving decisively toward making Brazil home to Latin America’s first dedicated high-efficiency solar glass manufacturing facility. The projected Q1 2026 completion keeps us directly aligned with our timeline for commercialization, and we believe the results will validate the exceptional economics and ESG benefits of our vertically integrated model.’

The BFS will include the following chapters:

  • Executive Summary
  • Project Description
  • Market Studies
  • Technology and Engineering
  • Implementation Plan
  • Cost Analysis (CAPEX and OPEX)
  • Financial Modeling
  • Risks and Mitigations
  • ESG Aspects
  • Conclusion and Recommendations

About DTEC PMP GmbH (www.dtecpmp.de)

DTEC PMP GmbH is a privately owned service provider specializing in engineering, project, and site management, located in Gelsenkirchen, Germany. With more than 20 years of experience in the glass industry, as well as in steel processing and power plants, DTEC supports major clients worldwide in their projects. From feasibility studies to conceptual and basic engineering at the outset of a project, DTEC is a reliable and trustworthy partner throughout all phases, from project initiation to plant commissioning and handover. DTEC is proud to support Homerun in Brazil on the country’s outstanding solar glass project.

About Homerun

Homerun is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

  • ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.

  • Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.

  • Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.

  • ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

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/274327

News Provided by Newsfile via QuoteMedia

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Critical Mineral Company Locksley Resources Limited Advances Towards U.S. Antimony Production

Investorideas.com (www.investorideas.com) a go-to platform for big investing ideas for traders, including mining and defense stocks, reports on the rollercoaster ride for Antimony and related stocks as the US and China battle it out, featuring Locksley Resources Ltd. (ASX: LKY,OTC:LKYRF) (OTCQX: LKYRF) (FSE: X5L), a company that specializes in critical minerals development within the United States. The Company is actively advancing the Mojave Project in California, targeting rare earth elements (REEs) and antimony.

Critical Mineral Company Locksley Resources Limited Advances Towards U.S. Antimony Production

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6292/274307_620fd2c344616a44_001full.jpg

Antimony’s critical role in defense has it in high demand globally as geopolitical unrest narratives shift and unfold. Antimony has been on a rollercoaster ride with the narratives and the trade deals being announced (and altered) just as quickly, but the long term demand remains unchanged.

According to StraitsResearch.com, ‘The global antimony market size was valued at USD 2.5 billion in 2024 and is projected to grow from USD 2.62 billion in 2025 to USD 4.83 billion by 2033.’

A major trade deal was announced November 1st between the US and China that impacted antimony stocks as Reuters reported, ‘China agreed to a one-year pause on export controls it unveiled this month on rare earth minerals and magnets, which have vital roles in cars, planes and weapons and have become Beijing’s most potent source of leverage in its trade war with Washington. Those controls would have required export licenses for products with even trace amounts of a larger list of elements and were aimed at preventing their use in military products.

The White House said China will also issue general licenses for exports of rare earths, gallium, germanium, antimony and graphite for the benefit of U.S. end users and their suppliers. The White House said that amounted to ‘the de facto removal of controls China imposed in April 2025 and October 2022.’

Days later the game changed. According to Globaltimes, ‘Chinese Ministry of Commerce (MOFCOM) has issued new rules governing the state-traded exports of tungsten, antimony and silver exports for 2026-27 with the aim to step up the protection of resources and the environment, according to a statement published on the MOFCOM’s website.’

‘The document was proposed by the Department of Foreign Trade of MOFCOM, based on the regulations outlined by the Foreign Trade Law of and the Regulations on the Administration of Import and Export of Goods. It aims to protect resources and the environment and enhance the export management of rare metals, said the MOFCOM.’

Betting big on the future of antimony, Locksley Resources Ltd. (ASX: LKY,OTC:LKYRF) (OTCQX: LKYRF) (FSE: X5L) just announced advancements with its US Mine-to-Market strategy. The Company has delivered numerous key technical milestones including LiDAR based underground modelling, metallurgical processing updates, a Bulk Sample, underground workings assessment and maiden Exploration Target (JORC 2012). These milestones have provided Locksley with the confidence to fast track the redevelopment plans and initiate extraction studies of mineralisation at the Desert Antimony Mine (DAM) Prospect.

From Target Validation to Extraction
The Company has advanced planning for a targeted, integrated work plan designed to fast-track extraction of mineralisation for Locksley’s Phase 1 pilot processing facility, planned for 2026. These results have collectively provided the Company sufficient confidence to progress plans towards re-development of the historical mine. With enhanced knowledge of the geology, metallurgy, and underground access now in place and continually developing, Locksley has commenced early-stage small scale production planning.

Geological Targeting at DAM
Underground LiDAR surveying has mapped ¬236m of historical workings confirming Sb vein continuity, supported by 3D geological modelling, structural mapping, and sampling sequencing that have enabled the Company to establish an Exploration Target (JORC 2012) at DAM containing between 19,400 to 67,700 tonnes of antimony metal (see basis for the exploration target below). This provides a framework to establish a conceptual development plan to provide feed for a pilot plant which is envisaged in 2026. This initial work provides a basis for the scale of operation which would be required and allows conceptual planning and design to be undertaken.

Metallurgy (Bulk Sample)
The recently completed 325 kg bulk sampling has delivered a head grade averaging 7.6% to 7.8% Sb. Flotation has commenced using the same parameters determined in the initial sighter testwork campaign which successfully demonstrated the ability to produce a premium antimony concentrate grading 68.1% Sb (see ASX Announcement 22 September 2025). This metallurgical success provides the foundation for the MoU signed with Hazen and validates the Company’s processing pathway, significantly establishing the technical pathway for the downstream supply chain. The results have established the potential and quality of concentrates that can be produced from the mineralisation encountered at DAM, which is another key step towards a potentially viable production operation.

Underground Assessment
With an increasing and developing understanding in the geology and metallurgy, Locksley liaised with a specialist U.S. based underground development consultant to provide an opinion of the historical DAM workings. The assessment indicates the structural stability and accessibility of the workings, providing a potential plan for future re-entry and development of the mineralisation exposed in the underground faces (Figure 1).

Downstream Capability (Processing & Refining)
The restart pathway complements Locksley’s downstream strategy, including its collaboration with Rice University to develop advanced antimony extraction technology using DeepSolvTM. Together with the MoU signed with Hazen Research for U.S. based processing capability, Locksley is building a fully integrated mine-to-market platform aligned with American industrial, defence, and energy sectors.

The advancement of the Desert Antimony Mine Prospect comes at a pivotal time for the United States, with antimony confirmed as a priority under federal supply chain resilience frameworks. Locksley’s progress directly supports US objectives to rebuild domestic sources of defence-essential materials.

Kerrie Matthews, Managing Director CEO, commented:
‘This is a pivotal moment for Locksley, marking the rapid advancement towards the Company becoming a Developer, with an end-to-end supply chain strategy from Mine-to-Metal. All technical steps, from establishing the exploration target, to achieving the 68.1% concentrate grade and to evaluating the underground workings aligns with this strategy.

‘The successful execution of these three integrated phases has significantly advanced the Company towards mitigating the key uncertainties associated with planning for recommencing operations. We are focused on further enhancing our understanding of DAM and working in parallel with US government on permitting, finance, and ultimately physically delivering antimony product into the US market.’

Full news:
https://investors.locksleyresources.com.au/announcement-detail/Locksley-Advances%20Toward%20U-S-%20Antimony%20Production-NzQ2NQ==?

Perpetua Resources (NASDAQ: PPTA), another US based antimony stock, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho. The Company just announced a $71 Million offering betting that antimony is the right play long term. The gross proceeds to Perpetua Resources from the Offering, before deducting commissions and expenses and other Offering expenses, will be approximately $71.2 million, and will be approximately $78.2 million if Agnico exercises its participation right in full in the Concurrent Private Placement.

From the news:
The Company expects to use the net proceeds of the Offering and the Concurrent Private Placement to fund the construction and development of the Stibnite Gold Project, working capital costs in excess of the Project capital costs, continuing exploration and development activities, restoration and reclamation work, and for general corporate purposes.

Well known antimony stock, United States Antimony Corporation (NYSE American: UAMY) (NYSE Texas: UAMY) reported its third quarter and nine months ended September 30, 2025 financial and operational results. Antimony sales were up significantly.

From the news:
Revenues for the first nine months of 2025 increased to $26.23 million, or a 182% increase of $16.92 million, compared to $9.31 million for the first nine months of 2024. During the same period, cost of revenues increased 170% or $11.96 million. This in-turn allowed the Company’s gross profit to more than triple with an increase of 219%, or $4.96 million to $7.22 million as compared to $2.26 million during the same nine-month period in 2024. Gross margin increased to 28% during the first nine months of 2025 from a 24% margin experienced during the same nine months of last year. This 4% increase in gross margin is before processing any of USAC’s in-house antimony recently mined in Montana. Operating expenses were $11.76 million for the first nine months of 2025, which is an increase of $8.19 million compared to the same period in the prior year.

Our antimony sales were $23.57 million for the first nine months of 2025, which is up $16.5 million, or 235%, over last year. This improvement was primarily due to an increase in the average sales price per pound over the two nine-month reporting periods, not increased volumes.

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Fast-track execution positions Locksley among leaders in restoring America’s antimony supply chain and processing capabilities.

Locksley Resources, Ltd. (ASX: LKY,OTC:LKYRF; OTCQX: LKYRF) provided an update on the company’s progress and immediate plans as they aggressively move forward their Desert Antimony Mine (DAM) Prospect, located within the Mojave Project in San Bernardino County.

Kerrie Matthews, Managing Director/CEO of Locksley said, ‘We are at a pivotal time for Locksley as we continue our rapid advancement toward becoming a developer, with an end-to-end supply chain strategy from Mine-to-Metal – all within the U.S.’ She noted that the successful execution of technical steps, including establishing the exploration target, achieving a 68.1% concentrate grade and evaluating the underground workings that have been part of the strategy have significantly advanced the company toward mitigating key uncertainties that are associated with planning for the next steps.

‘We are focused on further enhancing our understanding of DAM and working in parallel with the U.S. government on permitting, finance, and ultimately physically delivering antimony product into the U.S. market,’ she affirmed. More information is available here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03022491-6A1296813&v=undefined.

The company has:

  • Initiated development planning for extraction of mineralization, definitive financing (leveraging the recent EXIM LOI), permitting and pilot plant processing operations.
  • Received expressions of interest from U.S. engineering contractors to commence with extraction of mineralization at the DAM mine, marking the start of development.
  • DAM underground access assessment confirms the structural stability and accessibility of the historical workings, supporting safe re-entry and phased mine development planning toward future development.
  • DAM site inspection by mining engineers scheduled for later this month as part of initial engineering and design studies to meet planned pilot plant throughput.
  • Following underground LiDAR surveying that confirmed approximately 236m of Development across four levels spanning a 130m strike length, the company established an exploration target at DAM containing 19,400 to 67,000 tons of antimony metal. These estimates are conceptual in nature and there has been insufficient exploration to date to estimate a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the JORC Code (2012).
  • The recently completed 325 kg bulk sampling delivered a high head grade of 7.6% to 7.8% Sb with flotation testwork underway and supported by the initial sighter testwork completed on a 23.1kg sample at 9.6% Sb, which delivered a 68.1% Sb premium concentrate, meeting industrial and defense specifications.

The company has multiple exploration activities in progress and planned with key activities and timeframes including:

  • Underground mapping – currently underway and due for completion November 2025.
  • Underground sampling – work planned to commence (assuming ability for safe working) in November 2025 with an approximate one-month time to assay results.
  • Surface Sampling – initial program has commenced. Assays from previous samples taken are expected late November-early December 2025.
  • Drilling – a plan of operations has been approved pending payment of required bond. Upon payment, Company is approved to drill up to 16 holes at DAM Prospect. The company currently expects to commence drilling at the El Campo Prospect in late Q4 2025/early Q1 2026 and anticipated commencing drilling at DAM subsequent to completing El Campo.
  • Magnetic Geophysics Interpretation – Geophysical Consultants SGC has commenced with a regional magnetic image interpretation to define the structural geology across the Mojave Project. This will inform geological testing for new and additional structures and potentially further support the DAM exploration target. Work is expected to be completed by Q1 2026.
  • Surface Structural & Geological Mapping – a third mapping program is scheduled to commence late November, expanding two previous phases of activity.
  • Stream Sediment Sampling – a regional stream sediment sampling program is currently in the final planning phases. The field collection is scheduled to be completed in Q4 2025 (weather permitting). If samples are collected in Q4 2025 analysis results are anticipated in Q1 2026.

Locksley Resources (https://www.locksleyresources.com.au) is focused on critical minerals in the U.S. The company is actively advancing the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley is executing a mine-to-market strategy for antimony, aimed at reestablishing domestic supply chains for critical materials, underpinned by strategic downstream technology partnerships with leading U.S. research institutions and industry partners. This integrated approach combined with resource development with innovative processing and separation technologies, positions Locksley to play a key role in advancing U.S. critical minerals independence.

Contact: Beverly Jedynak, beverly.jedynak@viriathus.com, 312-943-1123; 773-350-5793 (cell)

View original content:https://www.prnewswire.com/news-releases/locksley-advances-toward-us-antimony-production-302613761.html

SOURCE Locksley Resources

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East Star Resources Plc (LSE: EST), the Kazakhstan-focused gold and base metals explorer, is pleased to announce that it has entered into a binding Earn-In and Joint Venture Agreement (the ‘Agreement‘) with Endeavour Exploration Limited (‘Endeavour‘), a subsidiary of Endeavour Mining PLC (LSE: EDV/TSX: EDV), one of the world’s leading gold producers.

Key Terms of the Agreement

  • The Agreement establishes a joint venture between East Star and Endeavour for the exploration and development of gold projects in Kazakhstan.
  • East Star will retain a 20% interest in JVCO upon full earn-in by Endeavour.
  • East Star will act as Manager of the Joint Venture during the initial phase and receive remuneration for this role.
  • Endeavour will make milestone payments to East Star during the earn-in period, subject to review by an independent Qualified Person, based on pre-agreed amounts per ounce for any Maiden Resource and any maiden PFS.
  • Following the earn-in period, both parties will fund JVCO pro-rata to their respective shareholdings, with dilution provisions in place for non-participating parties.

Alex Walker, CEO of East Star Resources, commented:

We are delighted to sign this Agreement with Endeavour, which is a transformational milestone for East Star that validates the quality of our exploration programme and provides a clear pathway to unlock the full potential of our gold exploration strategy.

Endeavour is a top 10 global gold producer, with one of the best discovery track records in the sector and, importantly, they have an excellent track record of converting those discoveries into mines, having built five projects in the last 11 years, all to plan, across three jurisdictions. As a result, Endeavour is a world class partner for East Star and we look forward to delivering value together, for all of our stakeholders.

Figure 1: Areas of Interest subject to the Agreement. Two proven, underexplored mineral belts

Notice of Investor Webinar

East Star will host a webcast and Q&A for investors to discuss the $25M+ strategic JV agreement with Endeavour Mining for gold exploration in Kazakhstan via the Investor Meet Company platform on Tuesday, 18 November 2025 at 10 a.m. GMT. A recording of the webcast, along with the accompanying slides, will be made available on the Company’s website later that day.

Investors can sign up to Investor Meet Company for free and add East Star Resources plc in order to attend the webcast via: https://www.investormeetcompany.com/east-star-resources-plc/register-investor.

Investors who already follow East Star Resources plc on the Investor Meet Company platform will automatically be invited. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9 a.m. GMT on 17 November 2025, or at any time during the live presentation. No material new financial or other information will be provided.

Contacts:

East Star Resources Plc
Alex Walker, Chief Executive Officer
Tel: +44 (0)20 7390 0234 (via Vigo Consulting)

SI Capital (Corporate Broker)
Nick Emerson
Tel: +44 (0)1483 413 500

Vigo Consulting (Investor Relations)
Ben Simons / Peter Jacob / Anna Stacey
Tel: +44 (0)20 7390 0234

About East Star Resources Plc

East Star Resources is focused on the discovery and development of copper and gold in Kazakhstan. The Company is pursuing multiple exploration strategies including:

  • Volcanogenic massive sulphide (VMS) exploration, which to date includes a deposit with a maiden JORC MRE of 20.3Mt @ 1.16% copper, 1.54% zinc and 0.27% lead, in an infrastructure-rich region, amenable to a low capex development
  • Copper porphyry and epithermal gold exploration, with multiple opportunities for Tier 1 deposits

Visit our website:

www.eaststarplc.com

Follow us on social media:
LinkedIn: https://www.linkedin.com/company/east-star-resources/
X: https://x.com/EastStar_PLC

Subscribe to our email alert service to be notified whenever East Star releases news:

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About Endeavour Mining PLC

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Côte d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering meaningful value to people and society. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.

The person who arranged for the release of this announcement was Alex Walker, CEO of the Company.

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) (‘UK MAR’). Upon the publication of this announcement, this inside information (as defined in UK MAR) is now considered to be in the public domain.

Source

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The investment management landscape is undergoing a fundamental shift.

The once-standard 60/40 portfolio approach, which balances equities and bonds, is being challenged by market volatility, the crowding of mega-cap tech stocks and rapid technological innovation reshaping the economy.

Navigating this environment requires a new mindset that embraces a blend of passive, active and alternative strategies to build resilient portfolios prepared for both risks and emerging opportunities.

Unbundling portfolios for resilience

Mersch advises unbundling traditional portfolios. Instead of relying solely on equity and fixed income, investors should blend a passive core with active management and alternative asset allocations.

“You might need to…alternative asset classes that might have either lower or even sometimes negative correlations, and start to think about the attributes that you want to build in a lot of resiliency around periods of volatility.”

Digital assets and gold are effective diversifiers in this landscape, contributing to what Mersch calls the ability “to zig while other paper assets zag.”

Active approaches enable investors to explore attractive opportunities beyond mega-cap concentration; however, dynamic risk budgeting and continuous reassessment are critical, especially when markets exhibit complacency or crowding in dominant sectors like tech.

“That’s where you can take a much more active approach in terms of betting on… other pockets or corners of the market.

“What I would encourage people to look at is the cost savings that we’re seeing in a lot of core businesses. A lot of businesses that operate in the real economy are starting to gain some real operating leverage because they’re implementing these tools as well.”

Thematic investment in technology and AI

AI infrastructure and semiconductors stand at the forefront of modern investment themes. Long-term infrastructure buildouts promise a transformative impact.

Mersch highlighted the accelerating buildout of data centers, which are critical to powering AI advancements, noting an expected leap in US electricity demand. “If you look at total electricity growth in the US from 2001 to 2024, it grew around 0.5 percent on an annualized basis. Over the next five years, it’s going to grow 4 percent,” he explained.

This surge underscores the energy-intensive nature of AI, creating substantial structural tailwinds for related real assets and thematic investment vehicles like ETFs.

The semiconductor industry exemplifies the globalization and complexity of technological innovation. Mersch described it as “one of the most global operating systems in the world,” spanning diverse geographies from chip design and fabrication to lithography and memory production.

However, escalating geopolitical tensions and US trade restrictions introduce layers of risk that demand active management and meticulous stock selection.

He also addressed concerns about circular financing risks in AI infrastructure. “When you have vendor financing, you’re essentially front running and creating that artificial demand,” he said, adding that vigilance regarding genuine adoption indicators, such as compute token usage reflecting actual AI workflow application, is needed to guard against this. “All signs right now are pointing to yes,” he said.

While echoes of prior tech cycles suggest potential boom and bust phases, Mersch noted that the scale and pace of capital expenditure in AI infrastructure signify foundational change with likely enduring impact. Complementarily, cybersecurity continues to gain importance as data proliferation accelerates and AI’s dual role as protector and attack vector. Companies specialized in endpoint protection and innovative security solutions play a key part in making tech portfolios more robust.

Meanwhile, speculative avenues like quantum computing offer future innovation frontiers. “I think Canada has definitely a really exciting future when it comes to quantum,” he added, noting Xanadu’s recent IPO announcement. “They kind of have these capabilities that only two other labs in the world have achieved.”

Mersch was referencing the company’s Aurora system, which uses photons as quantum bits, commonly referred to as qubits. “So we’re seeing a lot of that expertise being grown out here.”

Emerging strategies for future growth

Mersch also highlighted venture capital and private equity as core components of alternatives that complement passive and active strategies.

He noted the evolving accessibility of venture capital, with some democratization happening via fractional ownership and tokenization.

However, he cautions that top quartile funds still dominate returns, making established track records and fees critical considerations for investors.

In a similar vein, secondary market platforms offer new gateways by allowing access to direct listings and share sales, but come with layered fees and risks.

Long and short equity strategies also play a pivotal role in reducing correlation to broader markets. These funds can capitalize on thematic disruptions by taking long positions in companies leading structural change while shorting those likely to be disrupted.

Practical insight and forward-looking considerations

The modern paradigm of portfolio construction demands a sophisticated and dynamic approach, moving beyond simple stock and bond allocations. A resilient portfolio must now strategically integrate the three aforementioned key components.

Mersch’s insights offer a roadmap for investors navigating a rapidly evolving dynamic. In this landscape, embracing technology-driven themes is not merely optional but essential for future growth; however, any introduction of higher-risk assets requires both optimism and caution amid volatile and geopolitically complex markets.

Ultimately, building a resilient portfolio for the future means moving beyond old paradigms and proactively integrating new technologies and strategies with disciplined risk management.

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

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