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December 16, 2025

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House Oversight Committee Chairman James Comer, R-Ky., is delaying Bill and Hillary Clinton’s depositions before Congress until January.

In a letter sent to their attorney on Monday evening, Comer warned that a failure to appear for their new dates would result in immediate contempt of Congress proceedings.

‘They’re saying now that he’s going to a funeral on that day, so we’ve been going back and forth with the lawyer,’ Comer told Fox News Digital the same evening. ‘We’re going to hold him in contempt if he doesn’t show up for his deposition.’

The letter said, however, that they failed to provide ‘alternative dates’ for their testimonies.

‘Therefore, the Committee has chosen the date of January 13, 2026, for the deposition of President Clinton and January 14, 2026, for the deposition of Secretary Clinton. If your clients do not comply with these new dates, the Committee will move immediately to contempt proceedings,’ the letter said.

The Clintons were originally subpoenaed over the summer to testify in the House Oversight Committee’s probe into Jeffrey Epstein.

They were part of a long list of former presidential administration officials called in for closed-door meetings with the panel’s lawyers.

To date, just two people have shown up in person — former Trump administration Attorney General Bill Barr and former Trump administration Labor Secretary Alex Acosta.

Others have deferred their subpoena dates or opted to send in written statements due to various personal matters, but it appears Comer is not allowing the Clintons to sidestep an in-person grilling.

In his letter, the Republican leader even went so far as to criticize the Clintons’ lawyer for asking for the same treatment.

‘Your correspondence with the Committee continues to ignore the Committee’s arguments, misstates relevant facts, and seeks information about the Committee’s investigation to which neither you nor your clients are entitled,’ the letter said.

‘As the Committee stated clearly in its November 21, 2025, letter to you, the Committee’s decision to forego in-person depositions for certain other individuals was because those individuals ‘lacked any relevant information to the Committee’s investigation or otherwise had serious health issues that prevented their testimony.’’

Comer said the former president and former secretary of state ‘are not similarly situated and therefore your argument that they are receiving unfair treatment — which you continue to repeat — is baseless.’

‘For example, unlike these other individuals, President Clinton and Secretary Clinton had a personal relationship with Jeffrey Epstein and Ghislaine Maxwell,’ he wrote.

Photos and other documents released by the committee so far have shown Bill Clinton and other powerful figures, including President Donald Trump, socializing with Epstein to varying degrees.

Both Bill Clinton and Trump were shown to have handwritten entries in a book compiled for Epstein’s 50th birthday, though until then much of the media scrutiny had been focused on Trump’s entry alone.

Neither of the Clintons have been implicated in any wrongdoing related to Epstein, however, and their social engagements with him appear to have ended long before his 2019 federal indictment on sex trafficking charges and subsequent suicide.

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The GOP majority on the House Oversight Committee is at war with their Democratic counterparts over what they say is a false narrative being crafted about President Donald Trump and Jeffrey Epstein.

Republican committee staff authored a new talking points memo sent to GOP lawmakers on Tuesday morning that is aimed at discounting Democrats’ recent leaks of information on Epstein, accusing them of releasing information on a selective basis to paint a picture that is not there.

‘Throughout the Oversight Committee’s review of the federal government’s handling of the Epstein and Maxwell criminal investigations, Democrats have demonstrated a sustained pattern of misconduct — misrepresenting witness testimony, selectively leaking cherry-picked documents, and manipulating emails and images — to fabricate yet another politically motivated hoax targeting President Trump,’ the memo, obtained by Fox News Digital, said.

‘As a result, nothing Democrats post or leak on this matter can be taken at face value.’

The memo also encourages Oversight Republicans to take aim at ‘Legacy Media,’ which it says ‘uncritically amplified these falsehoods, acting as a willing conduit rather than performing basic due diligence.’

‘This reckless combination of partisan distortion and media malpractice undermines the Committee’s work, misleads the public, and distracts from the serious responsibility of ensuring accountability, transparency, and justice for the American people,’ the memo said.

What had initially begun as a bipartisan investigation quickly devolved into partisan infighting.

Democrats have argued that Republicans are using the probe to give Trump cover, while the GOP said the left is distorting facts to create a false narrative that Trump participated in Epstein’s crimes.

The pair were known to have a close friendship decades ago but had a falling out in the early 2000s before accusations of sexual contact with minors first surfaced. To date, the president has denied involvement — and not been implicated — in any of Epstein’s crimes.

Among the memo’s highlights are Oversight Democrats releasing three emails sent to the committee by Epstein’s estate which appear to suggest that Trump ‘knew about’ various illicit activities of Epstein’s, including one which refers to him as ‘that dog that hasn’t barked.’

Republicans said they selectively released three emails out of a tranche of 20,000 pages of documents at the time.

‘When CNN questioned the redactions, Democrat Committee members falsely claimed Republicans were responsible. After Republicans released more than 20,000 pages, Democrats then claimed this transparency was intended to ‘disorient’ and ‘distract’ from their fabricated narrative,’ the memo said.

In a later release of photos from Epstein’s estate, Republicans accused Democrats of having ‘censored adult women’s faces to smear President Trump.’

For example, one of the photos censored, they said, ‘shows President Trump standing next to adult Hawaiian Tropic women models.’

Democrats have not always mentioned Trump directly in their releases, but he has been a regular feature of the emails and photos they have made public.

‘It is time to end this White House cover-up and bring justice to the survivors of Jeffrey Epstein and his powerful friends,’ Rep. Robert Garcia, D-Calif., the top Democrat on the committee, said in a statement on one of the releases.

‘These disturbing photos raise even more questions about Epstein and his relationships with some of the most powerful men in the world. We will not rest until the American people get the truth. The Department of Justice must release all the files, NOW.’

Meanwhile, the Trump administration is facing a Dec. 19 deadline to release its files related to Epstein, pursuant to a near-unanimous vote in the House and a unanimous vote in the Senate.

Fox News Digital reached out to Oversight Committee Democrats for a response to the memo.

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A moderate House Republican is raging against his own party after negotiations over a vote on extending COVID-19-era Obamacare subsidies fell apart.

Rep. Mike Lawler, R-N.Y., told reporters Tuesday morning that it was ‘idiotic’ and ‘political malpractice’ to not hold an ‘up-or-down vote’ on the subsidies, which are set to expire at the end of this year.

He also turned his ire on House Democratic Leader Hakeem Jeffries, D-N.Y., who he accused of rejecting moderate Republicans’ compromise solutions in order to keep the issue alive as a political cudgel.

‘You have two leaders that are not serious about solving this,’ Lawler said in reference to Jeffries and Speaker Mike Johnson, R-La. ‘I am pissed for the American people. This is absolute bulls—.’

House Republicans have introduced their own healthcare bill aimed at lowering prices via cost-sharing reductions, drug cost transparency measures, and association healthcare plans, which allow small employers and self-employed Americans to work in small groups to purchase coverage.

And while a majority of GOP lawmakers are against any sort of extension of the subsidies, Democrats and a group of moderate House Republicans have warned that a failure to act will result in millions of Americans seeing significant price hikes for their premiums.

House GOP leadership aides told reporters late last week that they expected some sort of amendment vote on the expiring subsidies, but a source familiar told Fox News Digital on Tuesday that those talks fell apart due to disagreements over how to cover the cost of an extension.

The growing pressure has spawned three separate efforts to force a vote on extending the subsidies via discharge petitions, mechanisms to override the will of House GOP leadership on a piece of legislation, provided it has support from the majority of chamber lawmakers.

Two petitions are bipartisan and include limited extensions with reforms to the healthcare system, while a third led by Jeffries includes a straightforward extension for three years.

But moderate Republicans have shown a mixed reaction so far to Jeffries’ proposal, while Jeffries has dismissed the GOP’s.

Rep. Don Bacon, R-Neb., told NBC News he would not sign Jeffries’ petition, and a source close to Rep. Jen Kiggans, R-Va., told Fox News Digital the same.

Lawler, however, said, ‘Everything is on the table,’ when asked by reporters about his own plans.

He blasted Jeffries for the decision and urged all his colleagues to sign onto one of the GOP’s petitions during an impassioned speech on the House floor.

‘If everybody who says they care about extending this signs the discharge, it could be solved today. And we could say to the leadership on both sides, ‘A pox on both your houses, both of you are failing this country, both of you are failing this institution,’ and move the bill forward,’ Lawler said. ‘So the challenge I have for every one of my colleagues is, put the party crap aside and sign the damn discharge today.’

He directed a comment at Jeffries specifically, ‘Come down to this floor, sign the discharge, and show real leadership. Because sadly, my conference has failed to do that.’

Johnson called Lawler ‘a very dear friend’ and pointed out he campaigned in Lawler’s district recently when asked about the criticism during his weekly press conference.

‘Mike Lawler fights hard for New York, as every Republican in this conference does for their districts. The districts are different. They have different priorities and ideas,’ Johnson said. ‘And many of them didn’t want to vote on this Obamacare or, you know, COVID-era, something that the Democrats created. We looked for a way to try to allow for that … and it just was not to be.’

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: The FBI did not believe it had probable cause to raid President Donald Trump’s Mar-a-Lago home in 2022, but moved forward amid pressure from the Biden Justice Department, with an official saying he didn’t ‘give a damn about the optics’ of the search, newly declassified documents reviewed by Fox News Digital reveal.

Fox News Digital reviewed emails between FBI and Justice Department officials in the months leading up to the August 2022 raid of Mar-a-Lago, with FBI officials expressing concerns about a lack of probable cause to execute the search warrant on the then-former president’s residence in Palm Beach, Florida. 

‘Very little has been developed related to who might be culpable for mishandling the documents,’ an FBI official serving as an assistant special agent in charge, wrote to another FBI official, Anthony Riedlinger. ‘From the interviews, WFO has gathered information suggesting that there may be additional boxes (presumably of the same type as were sent back to NARA in January) at Mar-a-Lago.’

‘WFO has been drafting a search warrant affidavit related to these potential boxes, but has some concerns that the information is single source, has not been corroborated, and may be dated,’ the official continues. ‘DOJ CES opines, however, that the SW’s meet the probable cause standard.’

‘Even as we continue down the path towards a search warrant, WFO believes that a reasonable conversation with the former president’s attorney, (stating that the FBI and DOJ are readying a search warrant, and have developed information that there are more documents at Mar a Lago), ought not to be discounted,’ the official wrote.

‘At a minimum, even if the former president’s attorney is correct and the documents were all declassified (or believed to be declassified), it can be reasonably argued that the documents remain sensitive and should be properly secured until the matter of classification is sorted out,’ the official continued. ‘This conversation could easily be accomplished at the same time that WFO presses forward with the investigation and continues building out the search warrant.’ 

Weeks later, an FBI agent writes an email stating: ‘We haven’t generated any new facts, but keep being given draft after draft after draft.’

‘Absent a witness coming forward with recent information about classified on site, at what point is it fair to table this?’ the agent writes. ‘It is time consuming for the team, and not productive if there are no new facts supporting PC (probable cause)?’

Another email revealed that the FBI’s Washington Field Office did ‘not believe (and has articulated to DOJ CES), that we have established probable cause for the search warrant for classified records at Mar a Lago.’

‘DOJ has opined that they do have probable cause, requesting a wide scope including residence, office, storage space,’ an agent wrote.

The FBI believed that a raid would be ‘counterproductive,’ and suggested ‘alternative, less intrusive and likelier quicker options for resolution’ to reclaim any potential classified records.

The process moved forward, regardless of concerns.

Another email on Aug. 4, 2022, revealed the plan for the execution of the warrant.

‘The FBI intends for the execution of the warrant to be handled in a professional, low key manner, and to be mindful of the optics of the search,’ an agent writes.

The agent quotes then-Deputy Assistant Attorney General George Toscas in a meeting.

‘Since we heard Mr. Toscas say yesterday in the call that he ‘frankly doesn’t give a damn about the optics’ and Mr. Bratt has already built an antagonistic relationship with (Trump) attorneys…I think it is more than fair to say that the DOJ contact with (Trump attorney) just prior to the execution of the warrant will not go well. DOJ said as much yesterday,’ the agent writes. ‘I also think that it is fair to say that if FBI calls, having in mind officer safety, to the optics of the search, and the desire to conduct this search in a professional and low key manner, there is a far better chance that the execution will go more smoothly and we may actually gain some measure of cooperation, which could go some way to resolving the mishandling of classified records investigation that is being conducted.’

The agent added: ‘I understand that this request may not go well at DOJ, however, it is the FBI serving and executing the search and it will be our personnel who will have to deal with the reaction to that first contact.’

The FBI, in August 2022, raided Trump’s Mar-a-Lago, executing the search warrant as part of an investigation into his alleged improper retention of classified records after leaving the White House.

Fox News Digital reported in 2024 that the Biden administration authorized the use of deadly force during the FBI’s raid on Mar-a-Lago. That language was also used during the search of then-President Joe Biden’s residence for potential classified documents in 2023. 

An ‘Operations Order’ produced in discovery as part of Special Counsel Jack Smith’s investigation into Trump’s alleged improper retention of classified records revealed that the ‘FBI believed its objective for the Mar-a-Lago raid was to seize ‘classified information, NDI, and US Government records,’’ as described in the search warrant.

The order, according to a court filing, contained a ‘Policy Statement’ regarding ‘Use of Deadly Force,’ which stated, for example, ‘Law Enforcement officers of the Department of Justice may use deadly force when necessary.’

According to the filing, the DOJ and FBI agents ‘planned to bring ‘Standard Issue Weapons,’ ‘Ammo,’ ‘Handcuffs,’ and ‘medium and large sized bolt cutters,’ but they were instructed to wear ‘unmarked polo or collared shirts’ and to keep ‘law enforcement equipment concealed.” 

Fox News Digital first reported that during the raid, FBI agents seized boxes of documents containing records and materials potentially protected by attorney-client and executive privilege, leading to legal disputes over the handling of those documents by a taint team.

Trump attorneys, at the time, told Fox News Digital they were not permitted into the rooms as FBI agents conducted the search, raising major concerns about the procedures surrounding the raid. Attorneys said that the FBI agents executing the search were in no position to decide unilaterally where to search and what were Trump’s personal records and what were not.

Trump was charged out of former Special Counsel Jack Smith’s investigation into his retention of classified materials. Trump pleaded not guilty to all 37 felony charges from Smith’s probe, including willful retention of national defense information, conspiracy to obstruct justice, and false statements.

Trump also was charged with an additional three counts as part of a superseding indictment out of the investigation: an additional count of willful retention of national defense information and two additional obstruction counts.

Trump pleaded not guilty. The charges were dropped by Smith after Trump won the 2024 presidential election.

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

This post appeared first on FOX NEWS

One Senate Republican is making the case that lawmakers aren’t using all the tools at their disposal to tackle affordability in the United States.

Sen. John Kennedy, R-La., wants Republicans to take another crack at budget reconciliation, the grueling, monthslong process used earlier this year to pass President Donald Trump’s crowning legislative achievement of 2025, and one that tested the unity of congressional Republicans.

Kennedy wants to see the process used to eat into the cost of living in the country, which has proven a thorny issue for the GOP after Trump’s promises on the campaign trail to hack away at skyrocketing inflation that proved politically fatal, among other issues like immigration, for Democrats in last year’s election.

But it’s a Pandora’s box that lawmakers have been hesitant to reopen after narrowly advancing the colossal tax package over the summer.

‘I have been preaching as persuasively as I can for months now that we need to do another reconciliation, and in that bill, we need to address things like rules and regulations, which add about $2 trillion to the cost of goods and services,’ Kennedy said.

He acknowledged that the process could be tricky, given that it is governed by the Byrd Rule, which nixes any provisions that don’t have a budgetary impact, but noted that lawmakers have at least two more attempts to take advantage of the process while Republicans still control both chambers of Congress.

‘And I am at a loss to understand why our leadership will not agree to another reconciliation,’ he said. ‘If you went to Senator [Chuck] Schumer right now and said, ‘Schumer, Senator Schumer, you have the chance to pass anything you want to pass today within the parameters of Byrd, without having to depend on a single Republican vote,’ what do you think Chuck would do? He’d take a dozen, and I just don’t understand why we are not doing that.’

Affordability and the cost of living have become a central focus for many on the Hill, particularly after dueling partisan proposals to tackle the impending hike to healthcare premiums and expiring Obamacare subsidies went down in flames last week.

Lawmakers are still searching for a path forward on that front, with a bipartisan group led by Sens. Susan Collins, R-Maine, and Bernie Moreno, R-Ohio, meeting on Monday night to build a consensus between the parties.

Sen. Bill Cassidy, R-La., one of the architects of Senate Republicans’ healthcare proposal that failed last week, told reporters, ‘The calendar precludes getting something done this week,’ but was still optimistic about finding a way to deal with rising costs on the healthcare front.

‘But, still, a commitment to work together is a lot of progress,’ he said.

Still, Kennedy was ardent that lawmakers had spent little time since passing Trump’s ‘big, beautiful bill,’ taking advantage of their majority in Congress.

‘Yes, we passed the ‘one big, beautiful bill,’ that was July 1, five months ago, now, almost six months ago,’ he said. ‘We need to act. And I’m hoping that after the holidays, my friend, Senator [John] Thune, and he is a friend, and I think he’s doing a great job, but I think Senator, I hope Senator Thune will relent and agree to another reconciliation bill that addresses the cost-of-living issue.’

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Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the ‘Company’ or ‘Bold’) is pleased to announce a non-brokered private placement offering of up to 6,000,000 working capital units (the ‘WC Units’) of the Company at a price of $0.08 per WC unit for up to $480,000 and up to 6,500,000 Flow Through units (the ‘FT Units’) at a price of $0.09 per FT Unit for up to $585,000 both of which constitute the ‘Offering.’

The Offering

Each WC Unit comprises one (1) common share of the Company priced at $0.08 and one full common share purchase warrant (a ‘WC Warrant‘) entitling the holder to acquire one (1) common share at a price of $0.12 until three years (36 months) following the closing of the Offering. The proceeds from the WC Units will be used for general working capital, property maintenance, exploration and expenses of the offering.

Each FT Unit comprises one common share of the Company priced at $0.09 and one half (1/2) of a common share purchase warrant. One full common share purchase warrant (a ‘FT Warrant‘) and $0.12 will acquire an additional common share until twenty-four (24) months following the closing of the Offering. The proceeds from the sale of the FT Units will be used for exploration work that qualifies for Canadian Exploration Expenses (CEE).

In connection with the Offering, the Company may pay a finder’s fee to qualified finders in consideration for their assistance with the Offering. The finder’s fees may be payable in cash and/or securities of Bold at the discretion of the Company and in accordance with the rules of the TSX Venture Exchange.

All securities to be issued pursuant to the Offering are subject to a statutory four (4) month and one (1) day hold period and regulatory approval.

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’ 
Bruce MacLachlan 
President and COO 

Direct line: (705) 266-0847 

Email: bruce@boldventuresinc.com

‘David B Graham’
David Graham
CEO

 

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

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278173

News Provided by Newsfile via QuoteMedia

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Korea Zinc (KRX:010130) plans to invest US$7.4 billion to build a zinc smelter and critical minerals processing facility in the US, marking the first new US-based zinc smelter since the 1970s.

The world’s largest zinc smelter said the facility will be built in Tennessee and will produce non-ferrous metals such as zinc, lead and copper, precious metals including gold and silver, and strategic minerals such as antimony, germanium and gallium.

Washington continues to step up efforts to secure domestic supply chains for critical minerals and reduce reliance on China, which dominates global production of several materials essential to semiconductors, telecommunications equipment and military technology.

To finance the project, Korea Zinc said it will raise US$1.9 billion by issuing new shares to a joint venture controlled by the US government and unnamed U.S.-based strategic investors.

That joint venture would hold around 10 percent of Korea Zinc, with the US Department of War owning a 40 percent stake in the venture and Korea Zinc holding less than 10 percent.

The company said it will secure the remaining US$5.5 billion through about US$4.7 billion in loans from the US government and financial institutions, as well as US$210 million in subsidies from the US Commerce Department under the CHIPS and Science Act.

Shares of Korea Zinc surged as much as 26 percent in early trading following the announcement before paring gains to close up 4.9 percent.

The company maintained that the US smelter is a direct response to the expansion of global supply chain risks and the increasing demand for non-ferrous metals and strategic minerals.

China currently dominates the global supply of minerals such as antimony and germanium. Beijing banned exports of those minerals to the United States in December 2024 following Washington’s crackdown on China’s chip sector, although the ban has been suspended since November.

Zinc facility project sparks internal backlash

The scale and structure of the US project, however, have sparked strong opposition from Korea Zinc’s largest shareholders.

Young Poong Group and private equity firm MBK Partners, which together hold nearly 50 percent of Korea Zinc, said they will seek a court injunction to block the planned share issuance.

The two have been locked in a prolonged dispute with Chairman Choi Yun-beom after launching a tender offer in September 2024 aimed at challenging his management control.

Young Poong said the decision to approve a third-party allotment of new shares was pushed through without proper consultation and was designed to entrench existing management.

“As Korea Zinc’s largest shareholder, directors appointed by Young Poong and MBK Partners express deep regret that they were entirely excluded from any meaningful prior briefing or discussion on a matter of such far-reaching importance to the company’s future,” a Young Poong official said as reported by the Korea Times.

“This represents a severe breakdown in corporate governance and a serious procedural violation.”

The alliance warned that the move could dilute shareholders and undermine the company’s financial soundness, stating that it will “promptly seek a court injunction to halt the issuance of new shares, in order to safeguard Korea Zinc’s long-term viability and shareholder interests.”

Young Poong also questioned claims that the U.S. government is directly investing in the smelter itself.

“In a normal commercial structure, an investor supporting the construction of a new smelter would invest directly in the project entity,” the official added, arguing that the proposed structure instead grants voting rights to a foreign-backed entity at the parent-company level.

The group further warned that replicating Korea Zinc’s integrated smelting process in the United States could weaken South Korea’s domestic smelting industry and increase the risk of transferring proprietary expertise overseas.

Korea Zinc has not yet publicly addressed the governance criticisms. Despite the opposition, commercial operations are expected to begin in phases starting in 2029.

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

This post appeared first on investingnews.com

China’s CMOC Group (OTC Pink:CMCLF) has agreed to buy a portfolio of gold assets in Brazil from Canada’s Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) for US$1.015 billion,

CMOC said Monday (December 15) that it will acquire 100 percent of Equinox Gold’s Brazilian operations, comprising the Aurizona mine in Maranhão, the RDM mine in Minas Gerais, and the Bahia complex, which includes the Fazenda and Santa Luz mines.

The acquired assets collectively host total gold resources of 5.013 million ounces and reserves of 3.873 million ounces, according to CMOC. Gold production from the Brazilian operations totaled 247,300 ounces in 2024, in line with Equinox’s guidance of 250,000 to 270,000 ounces of output this year.

The consideration includes a US$900 million upfront cash payment at closing and a contingent payment of up to US$115 million tied to production volumes during the first year after closing.

“The transaction is an important step that showcases our conviction in gold and delivers on our strategy of pillaring the portfolio on copper and gold,” said Liu Jianfeng, chairman and chief investment officer of CMOC, in the official press release.

CMOC said the deal will add around eight tons of annual gold production to its portfolio. The company expects its gold output to potentially exceed 20 tons a year once its Odin gold mine in Ecuador enters operation, positioning the group for further long-term growth in the metal.

For Equinox Gold, the sale also marks a change in operational strategy. The Vancouver-based said divesting its Brazilian assets will simplify its portfolio and sharpen its focus on North America.

Chief executive Darren Hall described the move as a turning point for the company, calling the transaction a “pivotal step” toward becoming a pure North American-focused gold producer.

Following the sale, Equinox’s core assets will include the Valentine and Greenstone mines in Canada, both of which entered commercial production within the past 13 months, and the long-running Mesquite mine in California.

Greenstone is expected to produce between 220,000 and 260,000 ounces of gold this year, while Valentine is forecast to deliver 175,000 to 200,000 ounces annually once fully ramped up. The Mesquite mine is also projected to contribute around 95,000 ounces in 2025.

As production at its Canadian operations ramps up to full capacity, Equinox said it anticipates annual gold output in the range of 700,000 to 800,000 ounces next year and plans to release detailed production and cost guidance in early 2026.

The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals and conditions.

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

This post appeared first on investingnews.com

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that road improvement works benefiting the Company’s planned silica processing and solar glass industrial hub in Santa Maria Eterna, in the Municipality of Belmonte, State of Bahia, Brazil, are firmly underway.

The Santa Maria Eterna road project, connecting BA-274 and BA-982 and providing direct access to BR-101, the principal federal highway in the region, is being funded primarily by the Federal Government of Brazil through the Ministry of Transport, via the Union budget, with the State of Bahia acting as the executing entity. Recent field photographs provided to the Company show grading, compaction, material placement and water-truck operations along the Santa Maria Eterna corridor, confirming that road improvement activities have commenced on the segments that form the main logistics route to Homerun’s Santa Maria Eterna silica project.

Figure 1 & 2. Road construction underway along BA-982 SME District

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4082/278205_b48ee00534e1b922_001full.jpg

The 2026 draft federal budget (PLOA 2026) includes a specific road construction line item, ‘BA-274 (Santa Maria Eterna) – Entr. BA-275(A) (Itapebi)’, under code 1C09 – Construction of road section, within the Ministry of Transport’s investment program, with an allocated amount of R$15 million. This classification indicates that the initiative is financed predominantly with federal fiscal-budget resources (‘recursos próprios’ of the federal treasury). While this BA-274 / BA-275 – Santa Maria Eterna item is not described in public documents as being exclusively or formally dedicated to Homerun’s future solar glass plant, the route directly services the Santa Maria Eterna district and is highly supportive of the Company’s long-term industrial development plans.

EXECUTION OF INFRASTRUCTURE COMMITMENTS UNDER THE MOU

As disclosed on May 13th, 2025 (News here), Homerun is party to a memorandum of understanding (‘MoU’) with CBPM (Bahia’s state geological service and mineral assets company), Bahia state government entities, the Municipality of Belmonte and Bahiagás to advance the development of a silica processing plant and a large-scale solar glass factory in Santa Maria Eterna. Local municipal decrees and coverage of this MoU reference obligations that include land for the industrial site, as well as commitments to improve infrastructure and logistics access to the district, which implicitly encompasses road access to BR-101. This comes after Homerun’s December 15th news release stating the Municipality of Belmonte’s commitment and allocation of funding to the paving of approximately 5km of road connecting Santa Maria Eterna to BR-101, the main federal highway in the region.

The commencement of construction on the BA-274 / BA-982 connection is an important early demonstration of this institutional support. The works now underway materially improve all-weather access between Santa Maria Eterna and BR-101, reduce future haulage risk and logistics costs for potential silica and solar glass operations, and visibly anchor the region’s transition toward an industrial hub based on high-purity silica and advanced glass manufacturing.

About Homerun (www.homerunresources.com / www.homerunenergy.com)

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) 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)

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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.

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Canada has approved the merger of Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK) and Anglo American (LSE:AAL,OTC:NGLOY), clearing a major regulatory hurdle for the creation of a new global mining heavyweight worth over US$53 billion.

Teck and Anglo American said they received approval under the Investment Canada Act, allowing the companies to proceed with their planned “merger of equals,” first announced in September.

The transaction will combine the two miners into a new entity, Anglo Teck, which will be headquartered in Vancouver and positioned as a major global supplier of copper and other critical minerals.

Industry Minister Mélanie Joly said she determined the transaction would deliver a net benefit to Canada, adding that the deal represents “an unequivocal endorsement of the federal government’s efforts to build the strongest economy in the G7.”

She further added that Anglo Teck, with its headquarters in Vancouver, “will be a truly Canadian champion on the world stage.”

Both companies emphasized that the approval formalizes a wide-ranging set of binding commitments negotiated with Ottawa, aimed at securing investment, jobs, and governance influence in Canada over the long term.

Under those undertakings, Anglo Teck will spend at least C$4.5 billion in Canada over the first five years following completion, supporting key projects such as the life extension of the Highland Valley Copper mine, upgrades to critical minerals processing at Teck’s Trail operations, and advancement of the Galore Creek and Schaft Creek copper projects in northwestern B.C.

Furthermore, Anglo Teck’s global headquarters will be based in Canada, with a significant majority of senior management, including the chief executive, deputy chief executive, and chief financial officer, residing primarily in the country. A substantial proportion of the board will also be Canadian.

The combined company will retain a listing on the Toronto Stock Exchange, alongside a primary listing in London and secondary listings in Johannesburg and New York.

Beyond governance, the commitments include maintaining employment levels across Teck’s Canadian operations, expanding youth employment and training opportunities, and ensuring Canadian and Indigenous suppliers have fair access to contracts across Anglo Teck’s global operations.

The company has also committed to honouring all existing agreements with Indigenous governments, communities, and labour unions while maintaining and advancing environmental and social standards in Canada.

Anglo Teck has further pledged to invest in exploration and innovation, which includes at least C$300 million in Canadian critical mineral exploration and the establishment of a Global Institute for Critical Minerals Research and Innovation involving institutions in Canada, South Africa, and the UK.

Over a 15-year period, total spending in Canada is expected to reach at least C$10 billion.

Jonathan Price, Teck’s president and chief executive, said in a recent press release that the merger will create “a business of significant scale and capability that will deliver billions in investment and drive new economic activity and job creation here in Canada and beyond.”

The deal has also drawn strong political support in BC, where several of the company’s key assets are located.

In a social media post, Premier David Eby said the merger was “great news,” calling Anglo Teck “the largest company in our province’s history.” He said the combined company would “help unlock prosperity in the Northwest and deliver good jobs and benefits across the province.”

The merger was approved by shareholders of both companies at meetings held on December 9.

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

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