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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

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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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

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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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Disclaimer/Disclosure: Locksley Resources Limited is a paid featured mining stock on Investorideas.com.This is not investment opinion. Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact management and IR of each company directly regarding specific questions. More disclaimer and disclosure info:
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274307

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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

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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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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

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www.eaststarplc.com

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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.

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President Donald Trump on Wednesday morning made a formal request to Israeli President Isaac Herzog to pardon Prime Minister Benjamin Netanyahu, who is on trial for corruption and fraud charges.

Trump asked Herzog to consider fully pardoning Netanyahu in a letter that Herzog’s office shared. Trump wrote that Netanyahu has been a ‘formidable and decisive’ leader for Israel in a time of war and has led Israel ‘into a time of peace.’

‘Prime Minister Netanyahu has stood tall for Israel in the face of strong adversaries and long odds, and his attention cannot be unnecessarily diverted,’ reads the letter.

Trump wrote that while he ‘absolutely’ respects the independence of the Israeli judicial system, he believes the case against Netanyahu is a ‘political, unjustified prosecution.’

Netanyahu is currently standing trial on charges of bribery, fraud, and breach of trust in three separate corruption cases. The trial, which began in 2020, marked the first time a sitting Israeli prime minister testified as a criminal defendant.

Trump wrote that ‘it is time to let Bibi unite Israel by pardoning him, and ending that lawfare once and for all.’

Herzog declined to take a position on the matter, with his office issuing its own statement that a presidential pardon request must go through the proper channels, which includes the person who wants a pardon making a formal request. 

The statement said that Herzog holds Trump in the ‘highest regard’ and ‘continues to express his deep appreciation’ for Trump’s support of Israel and his ‘tremendous’ role in the return of hostages from Gaza.

Trump previously urged Herzog to pardon Netanyahu during a speech in the Israeli Knesset last month.

Fox News’ Yonat Friling contributed to this report.

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The end of the longest government shutdown in U.S. history is finally in sight, with the House of Representatives set to vote on a federal funding bill later Wednesday evening.

House lawmakers are set to take a procedural vote in the 5 p.m. hour on whether to allow debate on the measure. If the legislation survives, a final vote is expected in the 7 p.m. hour.

The government has been shut down for 43 days as Democrats and Republicans hotly debated the merits of the GOP’s initial federal funding bill, a short-term extension of fiscal year (FY) 2025 spending levels through Nov. 21.

The vast majority of Democrats are still against the legislation, including House Democratic leadership, but GOP lawmakers across several ideologically diverse factions have signaled confidence in a nearly unified Republican vote.

House Freedom Caucus Policy Chairman Chip Roy, R-Texas, said he heard no dissent on the bill from his band of fiscal hawks.

‘I’m not going to speak for everybody, but I think there’s general support. So you know, I’m unaware of any opposition of significance,’ he told reporters Tuesday night.

House Appropriations Committee Chairman Tom Cole, R-Okla., said, ‘Nothing’s ever easy around here. But, look, I didn’t notice any dissent … I think the votes will be there on our side.’

But with a razor-thin majority, House GOP leaders can only afford to lose two Republican votes at most to pass the bill without relying on any Democrats.

‘I’m very hopeful,’ House Majority Leader Steve Scalise, R-La., told Fox News Digital when asked if Republicans had the votes to pass the bill. ‘I think you’re seeing just a few Democrats come to their senses. It should be a lot more.’

Meanwhile, the shutdown’s effects on the country have grown more severe by the day.

Many of the thousands of air traffic controllers and Transportation Security Administration (TSA) agents who had to work without pay were forced to take second jobs, causing nationwide flight delays and cancellations amid staffing shortages at the country’s busiest airports. Millions of Americans who rely on federal benefits were also left in limbo as funding for critical government programs ran close to drying out.

At the heart of the issue was Democratic leaders’ refusal to back any funding bill that did not also extend COVID-19 pandemic-era enhanced Obamacare subsidies that are set to expire at the end of this year. Democrats argued it was their best hope of preventing healthcare price hikes for Americans across the U.S.

Republicans agreed to hold conversations on reforming what they saw as a broken healthcare system, but they refused to pair any partisan priority with federal funding.

The initial bill passed the House on Sept. 19 but stalled in the Senate for weeks, when Democrats sank the bill more than a dozen times.

However, after weeks of stalemate and the clock running down on their Nov. 21 bill, a new compromise emerged that got support from eight Senate Democrats to carry it across the finish line.

The new legislation would extend FY 2025 federal funding levels through Jan. 30, to give negotiators more time to strike a longer-term deal for FY 2026.

It would also give lawmakers some headway with that mission, advancing legislation to fund the Department of Agriculture and the Food and Drug Administration; the Department of Veterans Affairs and military construction; and the legislative branch.

In a victory for Democrats, the deal would also reverse federal layoffs conducted by the Trump administration in October, with those workers getting paid for the time they were off.

A side deal struck in the Senate also guaranteed Senate Democrats a vote on legislation extending the enhanced Obamacare subsidies. Speaker Mike Johnson, R-La., however, has made no such promise in the House.

If passed on Wednesday night, the legislation heads to President Donald Trump’s desk for a signature.

When asked about the bill on Tuesday, a White House official told Fox News Digital, ‘President Trump has wanted the government reopened since the first day Democrats shut it down. The action in the Senate is a positive development, and we look forward to seeing it progress.’

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In 2015, when Donald Trump was running for the Republican nomination for president, a refrain that was often heard from his supporters and mocked by his detractors was, ‘He fights.’

It seemed empty and vacuous, but in fact, it represented a few core issues that GOP voters felt their party was ignoring, or at least not prioritizing. Today, it is the Democratic base that is demanding its party ‘fight.’ But fight for what?

Trump’s core issues, and those of what would become known as MAGA, were a bit obscure at first, but eventually became very clear: Secure the border, abandon globalism and bad trade deals, and fight the culture war.

What are the issues or policies that are animating today’s fighting spirit in the Democratic Party? There are three that are dominant.

The first issue can roughly be called redistribution of wealth. We should avoid using the term socialism here, because it is vague and toxic, and what Democrats are really talking about is the very purpose of the social safety net, from welfare to food stamps.

At least nominally, the position of the Democratic Party for half a century has been that welfare programs are a hand up, not a hand out. As John F. Kenndy put it, they are the rising tide that lifts all ships.

In practice, this has led to a permanent underclass that is funded by high-earning taxpayers, but Democrats have long refused to admit it. Democrat socialists have ripped off the Band-Aid. Soaking the rich to pay for the basic needs of the poor and working man is their proud new mantra.

It turns out, the likes of New York City Mayor-elect Zohran Mamdani have Democratic voters with them on this about-face. In a recent Gallup poll, 66% of Democrats had a positive view of socialism, with only 42% saying the same about capitalism.

Former President Joe Biden used to whisper that billionaires should ‘pay their fair share.’ Today, Sen. Bernie Sanders, I-Vt., and Rep. Alexandria Ocasio-Cortez, D-N.Y., shout from the rooftops that the rich should pay way more than their ‘fair share,’ and basically subsidize everyone else.

The second major issue that the democrat socialists have locked onto is Israel, and America’s relationship with and military funding of the Jewish state, something that even a decade ago the party supported as bedrock policy.

According to a Pew survey, since 2022, the percentage of Democrats with a negative view of Israel has gone from 53% to a staggering 69%, and the lean and hungry New Democrats know it.

Rep. Ro Khana, D-Calif., who has been quietly crafting a new vision for his party, recently posted a list of issues at the core of his mission. They included ‘Medicare-for-all,’ child care for $10 a day, housing, and then, right there at the bottom, ‘No bombs to Israel.’

Meanwhile, pro-Israel Sen. John Fetterman, D-Pa., has all but admitted there is ‘no room’ in the party for those on his side of the issue. That’s not good news for the political future of moderates like Pennsylvania Gov. Josh Shapiro.

The third issue that is clearly firing up the Democratic base is immigration, and when I say they are fired up, I mean seemingly normal people leaping in front of the cars of federal authorities to keep them from deporting illegal alien criminals.

Take Mamdani’s acceptance speech in Brooklyn last week: ‘Thank you to those so often forgotten by the politics of our city, who made this movement their own. I speak of Yemeni bodega owners and Mexican abuelas,’ he said. ‘Senegalese taxi drivers and Uzbek nurses. Trinidadian line cooks and Ethiopian aunties. Yes, aunties.’

The key words here are ‘who made this movement.’

Make no mistake, this new iteration of the Democratic Party will not only seek to give amnesty to every person illegally in the United States, they will open the border again, and their voters will cheer on the invasion.

It wasn’t just establishment Republicans who underestimated Trump’s appeal in 2015, it was the whole country. What we didn’t see then was that on his big three issues, the border, globalism and the culture war, he was tapping into a real popular zeitgeist.

Today, we are at a similar point, on redistribution of wealth, Israel and immigration, the democrat socialists have found popular policies among their base, and all the Chuck Schumers in the world can’t talk them out of it.

Just as Trump took over the GOP before anyone quite knew it, the democrat socialists have found the same fighting path to dominance among Democrats, and for the few moderates left, it already looks far too late to stop it.

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Former first lady Michelle Obama revealed on a recent episode of her podcast that she was left infuriated by a moment on Air Force One in 2009 when she debated whether to wear Bermuda shorts while on vacation — which ultimately led to controversy. 

‘The fact that we had to spend time thinking about that kind of stuff in ways that my husband didn’t — it was really infuriating,’ Obama said during an episode on her podcast, ‘IMO With Michelle Obama and Craig Robinson,’ which she co-hosts with her brother. ‘Then an article, a negative article, still happened.’ 

The former first lady explained that in August 2009 she and the former president were set to depart Air Force One for a hike in the Grand Canyon while on their first vacation since the inauguration earlier that year. While she fretted over what attire would be appropriate for a first lady and not draw public criticism, Barack Obama did not need to put effort into thinking about his outfit, she recounted. 

‘It was 100 degrees,’ Michelle Obama remembered of the conversation. ‘Barack — I was like, ‘Well, what are you wearing?’ He was like, ‘Well, I’m gonna throw on some sneakers, I’m gonna take my jacket off and roll my sleeves up’ because that’s what men can do. White shirt, no collar, no tie. That was how he changed.’

Michelle Obama said she debated whether to wear hiking shorts or a dress before landing on wearing Bermuda shorts. 

‘I can’t wear hiking shorts there, and I can’t wear a dress to hike,’ she said. ‘That would be crazy. People would call me ‘disconnected’ and ‘un-American.’ I’m at the Grand Canyon in a tea-length dress with flats? I was like, ‘That’s not how people go to the Grand Canyon.”

‘I eventually opted for the thing that felt mostly me,’ Michelle Obama continued. ‘And it was the Bermuda shorts. Because if we’re going on a hike, this is how a normal person would go on a hike.’

The former first lady did face backlash for the attire, as pundits at the time criticized that a first lady wearing shorts while departing Air Force One was too casual, with outlets running headlines such as, ‘Who Wears Short Shorts? Michelle Obama,’ ‘First lady’s shorts draw some long, hard looks,’ and ‘Michelle Obama: The Shorts Heard Round the World.’

Michelle Obama said in 2013 that she would not wear shorts again on Air Force One after the 2009 outfit caused ‘a huge stink.’ She explained at the time that she made the more relaxed choice because ‘we’re on vacation.’

First lady Melania Trump also has faced backlash over her wardrobe attire, including in 2017 when she wore a baseball cap and jeans to visit Texas after Hurricane Harvey that was viewed by some critics as too casual, and again in 2018 when she wore a green jacket while on a trip to visit the border that read, ‘I really don’t care. Do u?’ 

Melania Trump later told the media she wore the jacket as a message to the liberal media and other critics: ‘I want to show them that I don’t care,’ she told ABC News in 2018. 

Fox News Digital reached out to Michelle Obama’s office Tuesday for additional comment on the matter but did not immediately receive a reply. 

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