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Mike Johnson, Donald Trump get ‘big, ‘beautiful’ win as budget passes House

President Donald Trump’s ‘one big, beautiful bill’ passed the House of Representatives early on Thursday morning with few Republican defections.

It is a significant victory for House Speaker Mike Johnson, R-La., who navigated deep inter-party friction within the House GOP Conference to deliver a product from which few Republican lawmakers ultimately defected.

The bill is a sweeping multi-trillion-dollar piece of legislation that advances Trump’s agenda on taxes, immigration, energy, defense and the national debt. It’s sought to make a dent in the federal government’s spending trajectory by cutting roughly $1.5 trillion in government spending elsewhere. The U.S. government is over $36 trillion in debt and has spent $1.05 trillion more than it’s collected in the 2025 fiscal year, according to the Treasury Department.

The bill passed 215 to 214 with just two Republicans, Reps. Thomas Massie, R-Ky., and Warren Davidson, R-Ohio, voting against it. All Democrats voted against the bill as well, and House Freedom Caucus Chair Andy Harris, R-Md., voted ‘present.’

Republicans spent more than 48 hours continuously working on the bill from the time it came before the House Rules Committee – the final gatekeeper before a House-wide vote – at 1 a.m. on Wednesday to when it passed the chamber just after 7 a.m. on Thursday.

‘It quite literally is morning again in America,’ Johnson said. ‘What we’re achieving today is nothing short of historic.’

All the while, Democratic lawmakers attempted a variety of delay tactics, from introducing amendments targeting key Trump policies to forcing several procedural votes on the House floor ahead of debate on the legislation.

House Minority Leader Hakeem Jeffries, D-N.Y., notably spoke on the House floor for over 30 minutes just before the vote in a last-ditch effort to stretch out the seemingly endless day of debate and votes.

‘This bill represents a failed promise. Last year, Donald Trump and House Republicans spent all of their time to lower the high cost of living in the United States of America,’ Jeffries said on the House floor. ‘We’re now more than 120 days past the inauguration. Costs aren’t going down, they’re going up.’ 

Tensions flared at multiple points as visibly weary lawmakers continued to fight their ideological battle into the early morning. 

Rep. Steve Womack, R-Ark., who was presiding over the House at the time, warned Jeffries multiple times to address the chair in his remarks rather than directly attacking Republicans sitting across the chamber.

‘Every time I’m interrupted, that’s going to add another 15 minutes to my remarks,’ Jeffries said as Democrats sitting around him sounded off in support.

The bill seeks to permanently extend Trump’s 2017 Tax Cuts and Jobs Act (TCJA) while also implementing newer Trump campaign promises like eliminating taxes on tips and overtime pay, and giving senior citizens a higher tax deduction for a period of four years.

The legislation also included new funding for the border and defense, including more money for Immigration and Customs Enforcement (ICE) operations and $25 billion to kick-start construction of a ‘Golden Dome’ defense system over the U.S.

Cuts include new work requirements for able-bodied Medicaid recipients, as well as putting more of the cost-sharing burden on states that took advantage of the Affordable Care Act (ACA)’s expanded Medicaid enrollment by giving illegal immigrants access to the healthcare program.

The legislation would also roll back a host of green energy tax credits awarded in former President Joe Biden’s Inflation Reduction Act (IRA) – which Trump vowed to repeal in its entirety on the campaign trail. 

It also would cut the Supplemental Nutrition Assistance Program (SNAP) by roughly 20% by introducing some cost-sharing burdens on the states and increasing the amount of able-bodied Americans facing work requirements to be eligible for food stamps.

All House Democrats rejected the bill, accusing Republicans of disproportionately favoring the wealthy at the expense of critical programs for working Americans. Republicans, on the other hand, have contended that they are preserving tax cuts that prevent a 22% tax increase on Americans next year if TCJA was allowed to expire, as well as streamlining programs like Medicaid and SNAP for vulnerable Americans who need it most.

Rep. August Pfluger, R-Texas, chair of the House’s 189 member-strong Republican Study Committee, told Fox News Digital, ‘This transformational legislation permanently extends President Trump’s historic tax cuts, provides unprecedented funding for border security, and obliterates the last four years of catastrophic Democratic policies.’

And while most GOP lawmakers united on the final bill, divisions appeared to persist until the final moments. Conservatives had pushed for more aggressive targeting of Medicaid waste and Biden green energy subsidies, while blue state Republicans pushed for tax relief for Americans in high-cost-of-living areas. 

To resolve outstanding differences, House Republican leaders released a list of eleventh-hour changes to President Donald Trump’s ‘one big, beautiful bill,’ hours before their full chamber is expected to consider the legislation.

New provisions in the bill include a ban on federal funding for transgender adults’ medical care, and $12 billion in new funding to reimburse states for money they spent countering the former Biden administration’s border policies. 

A key request from fiscal conservatives was also honored, with House GOP leaders apparently agreeing to speed up the implementation of work requirements for certain able-bodied recipients of Medicaid.

The bill initially had Medicaid work requirements going into effect in 2029.

Rep. Chip Roy, R-Texas, one of the fiscal hawks leading GOP opposition to the bill, told Fox News Digital just after midnight Thursday that he was not sure if the legislation went far enough – but suggested the White House could persuade him with other avenues for change.

‘There are things in the executive space, executive actions that we think could take care of … some of our concerns on the Medicaid expansion,’ Roy said.

The legislative update also included a victory for blue state Republicans who have been pushing for a higher state and local tax (SALT) deduction cap – the current $10,000 cap would be quadrupled to roughly $40,000, but only for people making less than $500,000 per year. The $10,000 cap was first instituted in TCJA. 

‘This is what real leadership looks like. President Trump and House Republicans made a promise to the American people to secure our border, protect seniors, cut taxes on tips and overtime, and shut off the spigot of benefits for illegal immigrants,’ first-term Rep. Mike Haridopolos, R-Fla., told Fox News Digital. 

Rep. Randy Feenstra, R-Iowa, told Fox News Digital, ‘More than 77 million Americans made clear at the polls that they want President Trump’s America First agenda codified into law, and our ‘One, Big, Beautiful Bill’ delivers on this promise.’

But while House GOP leaders are enjoying their hard-fought victory now, the battle over Trump’s ‘big, beautiful bill’ is not over.

Senate Republicans have already signaled they expect to make changes to the bill when it reaches the upper chamber, despite House GOP leaders publicly urging them to amend as little as possible.

There is a significant number of senators who have expressed wariness at the level of Medicaid and SNAP cuts sought by the House. An increase to the SALT deduction cap could also be met with skepticism in the Senate, where no Republican represents a blue state – unlike the House, where New York and California districts are critical to the majority.

The House and Senate must pass identical bills before sending them to Trump’s desk for a signature. GOP leaders have signaled they hope to do that by the Fourth of July.

This post appeared first on FOX NEWS

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Federal judge blocks Trump admin from firing 2 Dem members of privacy oversight board

A federal judge blocked President Donald Trump’s administration from firing two Democratic members of the Privacy and Civil Liberties Oversight Board on Wednesday.

Trump fired all three Democratic members of the five-person board in February, resulting in two of them filing a lawsuit. U.S. District Judge Reggie Walton found that allowing unilateral firings would prevent the board from carrying out its purpose.

Walton wrote that allowing at-will removals would make the board ‘beholden to the very authority it is supposed to oversee on behalf of Congress and the American people.’

The oversight board was initially created by Congress to ensure that federal counterterrorism policies were in line with privacy and civil liberties law.

‘To hold otherwise would be to bless the President’s obvious attempt to exercise power beyond that granted to him by the Constitution and shield the Executive Branch’s counterterrorism actions from independent oversight, public scrutiny, and bipartisan congressional insight regarding those actions,’ Walton wrote.

Trump’s firings left just one Republican on the board. The third Democratic member had just two days left in her term when she was removed, and she did not sue the administration.

The two plaintiffs, Travis LeBlanc and Edward Felten, argued in their lawsuit that members of the board cannot be fired without cause. Meanwhile, lawyers for Trump’s administration argued that members of other congressionally created boards do have explicit job protections, and it would therefore be wrong for Walton to create such protections where they are absent.

‘The Constitution gives President Trump the power to remove personnel who exercise his executive authority,’ White House spokesman Harrison Fields told the Associated Press. ‘The Trump Administration looks forward to ultimate victory on the issue.’

The plaintiffs also argued that their firings left just one member on the board, a Republican, and that falls short of the quorum required for the board to function.

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

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New book exposes how top Biden comms staffer was ‘tip of the spear’ covering up Biden’s cognitive decline

A new book sheds light on former White House deputy press secretary Andrew Bates’ role in defending President Joe Biden’s mental acuity, which the book alleges was done without the White House staff having the full picture of the president’s actual condition. 

‘Some of Bates’s colleagues believed that Biden’s inner circle took advantage of his loyalty and told him to deny things they knew were true,’ Jake Tapper and Alex Thompson wrote in their new book ‘Original Sin,’ detailing the inner workings of the Biden White House and attempts to downplay concerns about the president’s mental and physical fitness.

‘He, along with most of the press team, rarely met with the president and didn’t have firsthand knowledge of the president’s wherewithal,’ the book continued. ‘They relied on senior staff for answers. Still, risking his own credibility, Bates willingly became the White House’s tip of the spear when it came to fighting off any reporting on Biden’s acuity.’

Outside of White House press secretary Karine Jean-Pierre, Bates was perhaps the most prominent face of the public-facing defense of Biden during his administration, often handling requests for comment from reporters and is mentioned about half a dozen times in the book.

The book goes into detail about an alleged ‘modus operandi’ from the Biden campaign and the White House for ‘attacking any journalist who covered any questions about the president’s age’ with the goal to ‘shame journalists and create a disincentive structure for those curious about the president’s condition.’

‘To answer the question on everyone’s minds: No, Joe Biden does not have a doctorate in foreign affairs. He’s just that f—ing good,’ Bates posted on X following a Biden press conference two weeks after the debate performance that many believe was the beginning of the end of his campaign. 

The book looked back on that remark and stated that it ‘reflected the views of the Politburo but among professional Democrats, it became an instant legend for its sycophancy and tone-deafness.’

Bates dismissed the book’s narrative about him, telling Fox News Digital it ‘is distorted, stretching select facts while excluding others.’

A former Biden White House staffer also came to Bates’ defense, telling Fox News Digital, ‘This gets important facts wrong.’

‘Bates served as a senior spokesperson who met with and traveled with the President, including in the Oval and on Air Force One, staffing him around the country and on Capitol Hill. That’s public information. He served as a point person in the press office on major legislative and political issues,’ the former White House staffer continued. ‘He was known for being respectful and considerate if a colleague didn’t want to do an interview for a challenging story, whether it was about policy or anything else.’

The book details one specific instance of the White House successfully killing a story when ‘weeks’ before the explosive Wall Street Journal story detailing concern about Biden’s decline came out in June, Steve Ricchetti, former White House deputy chief of staff, strongly denied claims that the president was slipping to another journalist.

‘[A] reporter with a different national news outlet had been hearing from White House aides that behind the scenes the president was having serious and disturbing moments, forgetting names and facts, sometimes seeming seriously confused at meetings,’ the book read.

‘The reporter reached out to members of the White House press office, which not only aggressively—and angrily—disputed her reporting but also took the unusual step of having Steve Ricchetti call her,’ the book said. ‘He talked to her off the record, so she couldn’t use any of what he said or even attribute it to ‘a White House source.’ But he told her that everything the others were saying was false, and that he was at the meetings as a counselor to the president.’

According to Tapper and Thompson, the Biden White House was going all out trying to control the perception of his health.

‘The message from the White House was clear, this reporter believed: If she went forward with the story from anonymous aides, the White House would aggressively dispute it, on the record, and portray her as a liar,’ the book reads. ‘The tacit threat worked.’

The book has sparked intense reactions from both sides of the aisle, leading many to slam the media’s coverage of Biden’s mental acuity and blame the media and Biden’s team for covering up the facts of the situation. 

Fox News Digital has written extensively dating back to the 2020 presidential campaign about Biden’s cognitive decline and his inner circle’s role in covering it up.

Others have pushed back against the framing of the book, including Naomi Biden, Joe Biden’s granddaughter, who delivered a scathing rebuke to the new book, calling it ‘silly’ and ‘political fairy smut.’

CNN, Tapper’s network, has also faced pushback for its promotion of the book, including from ‘The View’ and Daily Show host Jon Stewart, who took issue with the network promoting the book under the backdrop of Biden’s recent cancer diagnosis.

In a statement to Fox News Digital, a Biden spokesperson said, ‘There is nothing in this book that shows Joe Biden failed to do his job, as the authors have alleged, nor did they prove their allegation that there was a cover up or conspiracy.’

‘Nowhere do they show that our national security was threatened or where the President wasn’t otherwise engaged in the important matters of the Presidency. In fact, Joe Biden was an effective President who led our country with empathy and skill.’

Fox News Digital’s Hanna Panreck and Rachel del Guidice contributed to this report

This post appeared first on FOX NEWS

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Blue Sky Uranium Schedules Start of Drill Program for Ivana Uranium-Vanadium Project

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

Blue Sky Uranium Corp. (TSX-V: BSK) (FSE: MAL2) (OTC: BKUCF), (‘Blue Sky’ or the ‘Company’) is pleased to announce that it has secured drill contractors and scheduled a start date of June 1 st 2025 for the previously announced drill programs to advance the Ivana Uranium-Vanadium Project (the ‘ Project ‘).  As reported on May 14, 2025 Blue Sky’s joint-venture operating company Ivana Minerales S.A., (‘ JVCO ‘, a partnership with Abatare Spain, S.L.U.) has planned a two-phase drilling campaign. The first phase will focus on infill drilling at the Ivana deposit, while the subsequent second phase will test satellite targets.  The entire campaign is expected to last approximately five months.

Nikolaos Cacos , President & CEO of the Company stated, ‘Our JVCO team has procured agreements with very capable operators that will enable us to advance Ivana quickly and efficiently. We look forward to seeing the drills turning again as we move our pre-feasibility work forward.’

The infill drilling campaign has been awarded to Patagonia Drilling, which will mobilize two reverse circulation (‘ RC ‘) drill rigs in stages to complete the program. This program aims to achieve better definition of the known mineralized bodies and assess the potential extension of zones where mineralization remains open, particularly in the areas of greatest interest as outlined in the most recent Preliminary Economic Assessment . Patagonia Drilling is a well-established company with extensive experience in mineral exploration across Argentina and successfully conducted the most recent drilling campaign at the Project.

The second campaign, scheduled to begin immediately after the first, has been awarded to AGV Falcon Drilling. This phase will employ both RC and diamond drilling methods. AGV Falcon Drilling is a reputable company with a strong presence in Argentina and significant experience in supporting domestic mineral exploration. The objective of this campaign is to further delineate mineralization previously identified in satellite areas surrounding the Ivana Project, many of which have returned encouraging results from earlier drilling and require more detailed definition.

Qualified Persons

The technical contents of this news release have been reviewed and approved by Mr. Ariel Testi , CPG, who works for the Company and is a Qualified Person as defined in National Instrument 43-101.

About Ivana Minerales S.A.

Ivana Minerales S.A. is the operating company for the joint-venture between Blue Sky and its partner Abatare Spain, S.L.U. (‘ COAM ‘) to advance the Ivana Uranium-Vanadium deposit in Rio Negro Province of Argentina . The activities of JVCO are subject to the earn-in transaction (the ‘ Agreement ‘) in which COAM will fund cumulative expenditures of US$35 million to acquire a 49.9% indirect equity interest in the Ivana deposit, and then has the further right to earn up to an 80% equity interest in JVCO by completion of a feasibility study and funding the costs and expenditures up to US$160,000,000 to develop and construct the project to commercial production, subject to the terms and conditions in the Agreement. For additional details, please refer to the News Release dated February 27, 2025 , as well as the Company’s latest Financial Statements and MD&A available at blueskyuranium.com .

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina . The Company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina . The Company’s Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. Blue Sky is advancing its flagship Ivana Uranium-Vanadium Deposit through a joint venture with subsidiaries of Corporación América Group. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

‘Nikolaos Cacos’
______________________________________
Nikolaos Cacos , President, CEO and Director

Neither 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.

This news release may contain forward-looking statements and forward-looking information (collectively, the ‘forward-looking statements’) within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements that, other than statements of historical fact, address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company’s planned drilling campaign at the Ivana deposit. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: uncertainty relating to mineral resources; risks related to heavy metal and transition metal price fluctuations, particularly uranium and vanadium; ri   sks relating to the dependence of the Company on key management personnel and outside parties;   the potential impact of global pandemics; risks and uncertainties related to governmental regulation and the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations, including in respect of the Company’s planned drilling program described in this news release. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company’s public disclosure documents for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

View original content to download multimedia: https://www.prnewswire.com/news-releases/blue-sky-uranium-schedules-start-of-drill-program-for-ivana-uranium-vanadium-project-302462911.html

SOURCE Blue Sky Uranium Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/22/c8921.html

News Provided by Canada Newswire via QuoteMedia

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Purepoint Completes Initial Drill Program Along Groomes Lake Conductive Corridor at Smart Lake JV

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (‘Purepoint’ or the ‘Company’) today reported the completion of its initial drill program at the Smart Lake Joint Venture in Saskatchewan’s Athabasca Basin. The first-pass program, which included 1,264 metres of diamond drilling across three holes, was conducted to test newly identified electromagnetic (EM) conductors along the Groomes Lake Conductive Corridor. The drill program provided a critical step in defining high-priority uranium exploration targets associated with the Groomes Lake conductive features.

The Smart Lake Project is a joint venture between Cameco Corporation (73%) and Purepoint (27%) and is located approximately 60 km south of the former Cluff Lake uranium mine and 18 km west-northwest of Purepoint’s Hook Lake JV project.

Highlights

  • 1,264 metres of drilling completed in three holes across all three Groomes Lake EM conductors
  • Geological evidence suggests the Groomes Lake Corridor is a component of the regional-scale Beatty River Fault (Figure 2)
  • All three drill holes intersected graphitic shear zones and complex structural features
  • The central EM conductor hosts the strongest structural deformation, possibly representing a critical fluid pathway for uranium mobilization and precipitation
  • The top priority Groomes Lake exploration target is the Central EM conductor where it intersects the unconformity

‘The drill program was designed to give us a first look into a geologically complex and previously untested portion of the Smart Lake JV project,’ said Scott Frostad, VP Exploration at Purepoint. ‘With last year’s ground EM survey results and our current drilling, we’ve made meaningful progress in understanding the project’s geologic setting as we continue to advance exploration.’

Program Summary and Outcomes

The 2025 Smart Lake JV uranium exploration program marked the first pass drill test of the Groomes Lake Corridor. Drill hole SMT25-13 intersected multiple graphitic shear zones and structural complexities, particularly along the central EM conductor, which appears to be the primary structural feature. Drill and geophysical results indicate the northern portion of the Smart Lake project contains a NE-trending structural zone that is different from the NNW-trending structures that were previously drill-tested to the south.

Following completion of the Groomes Lake drill program, the joint venture’s technical and management committees reviewed these initial results. Although uranium mineralization was not intersected in the three 2025 holes, the evidence of strong shear zone development along the Central EM conductor suggests it may have influenced the flow of uranium-bearing hydrothermal fluids. Testing of the Groomes Lake Central EM conductor at the unconformity is now considered a top priority exploration target at Smart Lake.

Figure 1: Graphitic shear zone in drill hole SMT25-13 with lower interval of silicified and brecciated rock

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/252952_f17b1e8a943cfba8_002full.jpg

Next Steps

The joint venture is currently reviewing potential follow-up strategies, including additional ground fixed-loop EM surveying within the central portion of the project covering the NNW-trending airborne EM conductors. Potential follow-up drilling would include the Groomes Lake unconformity target, the new geophysical grid and select historic ground EM results.

Broader Exploration Outlook

Smart Lake is one of several high-priority projects Purepoint is advancing in the Athabasca Basin. The Company’s 50/50 Joint Venture with IsoEnergy is currently preparing for a 5,400-metre drill program at the Dorado Project, located along the Larocque Trend and adjacent to the high-grade Hurricane Deposit. Through strategic partnerships and a disciplined exploration approach, Purepoint continues to position itself for discovery in one of the world’s most prolific uranium districts.

Figure 2: Smart Lake JV Project – Regional Magnetics (Tilt Derivative) Showing Interpreted Geological Relationship with Beatty River Fault and Shea Creek Uranium Deposits

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/252952_f17b1e8a943cfba8_003full.jpg

Figure 3: Groomes Lake Conductive Corridor – Geologic Interpretation at Unconformity (300 m asl)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/252952_f17b1e8a943cfba8_004full.jpg

Figure 4: Smart Lake Project Location

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3218/252952_f17b1e8a943cfba8_005full.jpg

About Smart Lake

The Smart Lake Project is located approximately 60 km south of the former Cluff Lake mine site and 18 km west-northwest of the Hook Lake JV Project (Figure 2). The property spans 9,860 hectares within the Athabasca Basin, an area renowned for hosting the world’s highest-grade uranium deposits.

Initial exploration at Smart Lake established the presence of graphitic shear zones, hydrothermal alteration, and anomalous radioactivity. The favourable geological indicators, combined with its strategic location and extensive geophysical data, position Smart Lake for uranium exploration success.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. The most prospective projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the Company holds a promising volcanogenic massive sulphide (VMS) project currently optioned to Foran Mining Corporation that is geologically on trend with its McIlvenna Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe’s most significant uranium districts.

Scott Frostad BSc, MASc, P.Geo., Purepoint’s Vice President, Exploration, is the Qualified Person responsible for technical content of this release.

For more information, please contact:

Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca

For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

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

Disclosure regarding forward-looking statements

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. ‘Forward-looking information’ includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion and anticipated results of the Company’s planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’ or the negative connotation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company’s planned exploration activities will be completed in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating uranium prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed from time to time in the filings made by the Company with securities regulators.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252952

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Element79 Gold Corp. Comments on Peruvian Government Reform Centralizing Oversight of Small-Scale Mining Under Ministry of Energy and Mines

(TheNewswire)

Vancouver, British Columbia TheNewswire – May 22, 2025 Element79 Gold Corp. (the ‘Company’ or ‘Element79’) (CSE: ELEM, OTC: ELMGF, FSE: 7YS0) wishes to comment on recent developments affecting the mining sector in Peru, where the Company’s flagship Lucero Project is located.

Highlights:

  • The Peruvian government has enacted Supreme Decree No. 009-2025-EM , transferring oversight of small-scale and artisanal mining from regional governments to the Ministry of Energy and Mines (MINEM) .

  • The deadline for the mandated Formalization of REINFO (Comprehensive Mining Formalization Registry) permit holders with mineral right holders has been extended until December 31, 2025 , giving operators more time to formalize.

  • MINEM’s Directorate General of Mining Formalization will now handle all administrative, monitoring, and enforcement processes related to mining formalization.

  • Reform is grounded in Law No. 32213 , published in December 2024.

  • A new national traceability platform (SIPMMA) is being launched to improve transparency and monitoring of registered small-scale mining operations.

  • The reform has raised concerns among regional governments over loss of local oversight and potential impacts on decentralized governance.

  • The Lucero Project remains a core focus , with continued efforts to formalize local artisanal miners and advance exploration toward production.

  • The Company reaffirms its commitment to social investment and long-term community relationships in Chachas and surrounding areas.

In May 2025, the Government of Peru enacted Supreme Decree No. 009-2025-EM, which extends the validity of the Comprehensive Mining Formalization Registry (REINFO) until December 31, 2025, and shifts responsibility for supervising small-scale and artisanal mining from regional governments to the Ministry of Energy and Mines (MINEM).

Under this reform, the Directorate General of Mining Formalization within MINEM will assume exclusive responsibility for the administrative processing, monitoring, and enforcement of formalization-related matters. The changes are grounded in Law No. 32213, published in December 2024, and are designed to enable a more centralized, technical, and transparent regulatory process.

This centralization will be further supported by the implementation of a new national traceability platform, the Sistema Interoperable de la Pequeña Minería y Minería Artesanal (SIPMMA), which aims to improve oversight and data integration across registered mining activities.

While the reform has raised concerns among regional governments regarding reduced local oversight and the implications for decentralized governance, Element79 believes the changes may ultimately contribute to improved regulatory clarity and operational efficiencies across the sector.

‘We are closely monitoring this policy shift and its implementation,’ commented James Tworek, CEO and Director of Element79 Gold Corp. ‘Given Lucero’s location and strategic focus within the artisanal and small-scale mining segment, we view enhanced regulatory structure and centralized oversight as potentially beneficial, provided that community engagement and regional collaboration remain part of the process.’

The Company further notes that the extension of the REINFO deadline through December 2025 allows additional time for regional operators and stakeholders to advance their formalization efforts, which may support ongoing engagement strategies with artisanal miners operating within and around the Lucero Project.

Element79 Gold Corp believes in the long-term potential of the Lucero Project, continues to maintain the project’s mineral leases, and is proud of the community-based investments, social development efforts, and relationships it has built since acquiring Lucero at the end of June 2022. The Company will continue its efforts in forging contracts with the local community for both the formalization of local artisanal miners as well as the Company’s own exploration and development of Lucero into a producing mine.

Corporate Strategy Refocus

In addition to ongoing efforts and campaigns to work in Chachas, the Company’s management and board identifies that following notable successes in developing and monetizing assets in Nevada, it will be carrying out a renewed strategic focus in the region.  This strategic shift will include dealing and development of its current portfolio of Nevada projects, growth of the management team with regionally-specific exploration experience, as well as is reviewing additional M&A opportunities in the region.

For more information about the Company and its projects, please visit: www.element79.gold

ON BEHALF OF THE BOARD OF DIRECTORS

James C. Tworek

Chief Executive Officer, Director

Element79 Gold Corp.

E: jt@element79.gold

Investor Relations Contact:

E: investors@element79.gold

T: +1.403.850.8050

About Element79 Gold Corp.

Element79 Gold Corp. is a mining company focused on the exploration and development of high-grade gold and silver projects in the Americas. The Company’s flagship asset, the Lucero Project, is a past-producing high-grade gold-silver mine located in Arequipa, Peru. The Company is actively advancing Lucero toward renewed production and tailings reprocessing while supporting formalization initiatives with local operators.

The Company also holds several exploration projects along Nevada’s Battle Mountain trend, a region renowned for prolific gold production, and these assets are under contract for sale in the first half of 2025.  Additionally, Element79 has transferred its Dale Property in Ontario to its subsidiary, Synergy Metals Corp., as part of a Plan of Arrangement spin-out process.

Cautionary Note Regarding Forward-Looking Statements

This press contains ‘forward‐looking information’ and ‘forward-looking statements’ under applicable securities laws (collectively, ‘forward‐looking statements’). These statements relate to future events or the Company’s future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made considering management’s experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: the timing and completion of the arrangement and the timing and completion of the amalgamation. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, forward-looking statements cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward‐looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘forecast’, ‘potential’, ‘target’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’ and similar expressions) are not statements of historical fact and may be ‘forward‐looking statements’.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

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Fanatics will host a skills challenge between fans and celebrities, with $2 million on the line

Sports giant Fanatics is pitting fans against greats Tom Brady, Kevin Durant and Alex Rodriguez at an upcoming marketing event.

The company announced Tuesday it is introducing a skills-based competition at Fanatics Fest 2025, taking place June 20-22 in New York City. Fanatics says more than $2 million will be given away in prizes, including a $1 million cash prize for first place, a Ferrari 812 GTS for second place and a Lebron James collectors card worth $250,000 for third place. If no fans finish in the top three, falling short of the celebrity competitors, the highest-scoring fan will receive $100,000.

If a celebrity competitor comes in first, they take home the seven-figure prize.

“I think the thinking was, how do we create even more of an insane environment where fans and athletes and streamers are all running around, in this case, quite literally, having a great time and showcasing all of that,” said Lance Fensterman, CEO of Fanatics Events.

It’s the second Fanatics Fest after the inaugural event last year drew more than 70,000 fans and brought together major sports leagues and hundreds of current and former athletes. The offerings last year included league activations, autograph sessions and a trading cards and collectibles show.

This year, Fanatics is hoping to go even bigger — with a goal of bringing in 100,000 attendees — as the company continues to broaden its reach in sports marketing.

Michael Rubin acquired Fanatics in 2011 after merging it with his company, GSI Commerce. What began as a sports e-commerce platform has evolved in recent years into a diverse sports platform offering trading cards and sports memorabilia, live shopping, betting and gaming, as well as an events business.

Fifty fans will be selected to compete at Fanatics Fest 2025 against top talent that also includes comedian Kevin Hart, former New England Patriot Rob Gronkowski, Los Angeles Clippers shooting guard James Harden and Olympic gymnast Jordan Chiles.

The competition will include Major League Baseball pitching accuracy, National Hockey League slapshot accuracy, National Football League passing accuracy, a National Basketball Association shooting competition, a FIFA goal scoring challenge and a golfing contest. Fans can apply to participate by submitting a short video in the Fanatics app.

While Fanatics’ events business represents just a small fraction of business — last valued at $25 billion, according to a person familiar with the company — Fensterman said Fanatics Fest creates a lot of positive sentiment around the company.

“It’s incredibly impactful in terms of bringing the entire ecosystem together for the sole focus of delighting,” he said.

This post appeared first on NBC NEWS

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A man once sued by the SEC wins Trump crypto contest to have dinner with the president

We now know who won the contest to attend an intimate dinner with President Donald Trump by buying his cryptocurrency — and he’s a familiar face to Securities and Exchange Commission regulators and law enforcement officials.

Justin Sun, a Chinese-born crypto entrepreneur, confirmed in an X post Tuesday that he was behind the account, labeled ‘SUN,’ that purchased the most $TRUMP meme coin to sit at the president’s table at a crypto-focused gala scheduled for Thursday.

‘Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan!’ Sun wrote. ‘As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry.’

He capped the post with an American flag emoji.

Critics have blasted the dinner contest as potentially unconstitutional and a blatant opportunity for corruption. Trump has not publicly commented on the accusations, and the Office of Government Ethics has declined to comment. A White House official did not immediately respond to a request for comment Tuesday.

The Trump administration is not directly involved in administering $TRUMP coin. As for the dinner, a White House official said in a statement that the president ‘is working to secure GOOD deals for the American people, not for himself.’

‘President Trump only acts in the best interests of the American public — which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media,” White House spokesperson Anna Kelly said.

While Trump has not been as aggressive in directly promoting cryptocurrencies as some campaign backers in the industry had hoped, his administration has abandoned or paused many pending cases that had been brought against crypto entrepreneurs and businesses.

That includes Sun, who was charged in 2023 with market manipulation and offering unregistered securities. Regulators sought various injunctions against him that would have largely prevented him from participating in crypto in the U.S. The Verge, a tech industry website, had also reported Sun was the target of an FBI investigation.

But in February, the SEC, now controlled by Trump appointees, agreed to a 60-day pause of the suit in order to seek a resolution.

Two months earlier, Sun purchased $30 million in crypto tokens from World Liberty Financial (WLF), the crypto venture backed by Trump and his family, the website Popular Information reported.

Eventually, Sun became the largest publicly known investor in World Liberty after he brought his funding total to $75 million.

According to Bloomberg News, per the terms of World Liberty’s financial structure, 75% of the proceeds of token sales like Sun’s get sent to the Trump family as a fee — meaning they may have directly earned as much as $56 million.

On Jan. 22 — two days after Trump was inaugurated — Sun posted on X, “if I have made any money in cryptocurrency, all credit goes to President Trump.”

In April, The Wall Street Journal reported that Joe Biden’s Justice Department had been investigating Sun, noting that researchers had estimated that more than half of all illicit crypto activity took place on Sun’s Tron blockchain platform. The Journal said it wasn’t clear whether the investigation was ongoing. It said Sun’s representatives declined to comment about what they called “baseless allegations about legal matters” while denying Tron enables criminal activity.

Sun may now be a multibillionaire, with a net worth estimated at $8.5 billion, according to Forbes. He reportedly was forced to spend $2 billion to shore up one of his crypto firms that was facing collapse in 2022.

He did not immediately respond to a request for comment about what he hoped to get out of the dinner with the president.

Sun has also earned headlines for purchasing ‘Comedian,’ an art installation composed of a banana duct-taped to a wall, for $6.2 million, and for buying lunch with Warren Buffett for $4.57 million.

This post appeared first on NBC NEWS

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Target calls price hikes a ‘very last resort’ for offsetting tariffs as sales slump

Raising prices on consumers to cover the costs of President Donald Trump’s tariffs will be Target’s ‘very last resort,’ CEO Brian Cornell said Wednesday.

The remarks came as Target reported weaker-than-expected sales in its first quarter and cut its full-year forecast. The retailer, whose business hasn’t fared as well against rivals better known for bargain prices, has “many levers to use in mitigating the impact of tariffs,” Cornell said.

Major retailers appear to be treading cautiously around the question of price hikes after Trump slammed Walmart last weekend for warning that shoppers could pay more due to tariffs. In the days since, Target, Lowe’s and Home Depot have each made carefully worded remarks about the potential for higher prices or minimized discussion of tariffs altogether.

Walmart said last week that it customers would likely start seeing some prices climb as soon as this month because tariffs have created a more “challenging environment to operate in.” While presidents typically avoid appearing to dictate individual companies’ strategies, Trump castigated Walmart on his social media platform, demanding that it “EAT THE TARIFFS” and adding, “I’ll be watching, and so will your customers!!!”

“We’ll keep prices as low as we can for as long as we can given the reality of small retail margins,” Walmart told NBC News Saturday in response to Trump’s post. Days later, Home Depot all but ruled out near-term price hikes, citing its scale and supply-chain arrangements. Lowe’s barely mentioned tariffs when it reported earnings Wednesday but said just 20% of what its shoppers buy now comes from China, after years of diversifying its sourcing.

For Target, Cornell emphasized that tariffs were just one factor in a series of “massive potential costs” the company is grappling with. He pointed to consumer uncertainty over the direction of the economy and a high-profile backlash over Target’s watering down of its diversity, equity and inclusion policies. The retailer had expanded those initiatives after police murdered George Floyd in its hometown, Minneapolis, five years ago this weekend.

Target has rolled out discounts over the past year to lure inflation-weary shoppers and touted plans to expand its third-party marketplace to offer a broader range of items. To deal with new trade policy challenges, it’s negotiating with vendors, reassessing its product lineup and adjusting its foreign supply chain, Chief Commercial Officer Rick Gomez told investors Wednesday.

‘Half of what we sell comes from the U.S.,’ he said, adding that Target is expanding production in the United States and in other countries outside of China, whose exports currently face a 30% import tax.

Target’s stock fell more than 5% Wednesday during a broader market sell-off.

Some major companies that sell products at leading retailers have raised prices or said they’re considering doing so, including toolmaker Stanley Black & Decker, consumer products giant Procter & Gamble, sportswear brand Adidas and toy maker Mattel.

Mattel, the maker of Barbie dolls, has also come under fire from Trump, who threatened to hit it with 100% tariffs this month, after it signaled price hikes were on the table.

Big companies generally have more latitude to handle cost increases and other economic headwinds than their smaller counterparts. The U.S. Chamber of Commerce and independent business owners have warned that tariffs threaten to snuff out many small operators, chipping away at the competition for already large corporate rivals.

The National Retail Federation, which represents some of the biggest retailers in the country, has emphasized that risk in lobbying against new levies. “Small and medium-sized businesses will be disproportionately affected by the tariffs, with many saying they will have to raise prices or shut down,” it says on its website.

So far, “consumers are still spending despite widespread pessimism fueled by rising tariffs,” NRF Chief Economist Jack Kleinhenz said in a statement last week after retail sales eked out a modest 0.1% rise in April.

But even the largest multinational companies aren’t insulated from tariff-driven uncertainty, the NFR and industry analysts say. Like Target, several large firms have revised or scrapped their financial outlooks in recent weeks, unsure how the White House’s trade agenda will affect them. Nike plans to increase prices on several items between now and June 1, a person familiar with the matter told NBC News on Wednesday.

Not every retailer is voicing tariff jitters. The parent company of T.J. Maxx and Marshalls beat sales estimates Wednesday and maintained its full-year forecast. The discounter, which buys unsold merchandise from other brands that have already paid tariffs on much of it, said it expects to be able to handle the pressure from higher import taxes.

Sportswear brand Canada Goose, which makes popular winter jackets, also exceeded Wall Street expectations. But it joined the slew of companies pulling their forecasts for the rest of the year, citing an “unpredictable global trade environment.”

This post appeared first on NBC NEWS

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Three children and two adults killed in suicide attack on school bus in Pakistan

A suicide attack on a school bus in southwestern Pakistan killed three students of a military-run school on Wednesday, officials said, in the latest attack that underscores the deteriorating security situation in the region.

The explosion took place in the city of Khuzdar in restive Balochistan province and targeted a school bus carrying “a large number” of children of military officials, according to Yasir Dashti, a senior government official from the province.

38 people were wounded in the attack, Dashti said.

“The bus was carrying Army Public School children,” said Kaleem Ullah, a police official from Khuzdar.

Army Public Schools are a network of school across Pakistan for children of military staff.

At least three children and two adults were killed, according to a statement from the Pakistan military.

There has been no claim of responsibility for the attack so far.

Balochistan has been rocked for years by a separatist insurgency that seeks greater political autonomy and economic development in the strategically important and mineral-rich mountainous region.

Pakistan’s military accused “Indian proxies” of being behind the attack in a statement released shortly after the incident. It did not give evidence for its claims.

Pakistan has previously accused its neighbor and arch-rival of being behind attacks in Balochistan. New Delhi has denied the accusations.

Pakistan’s Prime Minister Shehbaz Sharif “strongly condemned the cowardly attack” in a statement and repeated the military’s accusations that India was behind the attack.

India has long accused Pakistan of sheltering militant groups that have carried out attacks across the border, including a recent massacre of tourists in India-administered Kashmir, allegations Islamabad has denied.

Tensions between the two spiraled after that massacre and resulted in a brief four-day conflict earlier this month that was the most sustained fighting between the two in decades. A fragile ceasefire has held since then.

Wednesday’s attack comes just over two months after the deadly hijacking of a train by separatist militants in Balochistan.

In that incident the Baloch Liberation Army took more than 350 people – some of whom were security personnel – hostage, killing 27 of them.

Children have also been the target of some of Pakistan’s most devastating terror attacks.

At least 145 people, mostly school children, were killed in by Pakistani Taliban militants in Khyber Pakhtunkhwa in 2014 – the worst terror attack in the country’s history.

The Pakistani Taliban’s most notable target was then 15-year-old Malala Yousafzai, who was singled out and shot on October 9, 2012 as she rode to school in a van with other girls.

This post appeared first on cnn.com

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