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Britain will build new attack submarines, invest billions on nuclear warheads and move towards “war-fighting readiness,” Prime Minister Keir Starmer said Monday, as he braces for a landmark report into the state of the country’s military.

Starmer’s government said it would build “up to” 12 new attack submarines as part of its AUKUS partnership with the United States and Australia, replacing the country’s current class of seven subs from the late 2030s.

And he will launch a “historic renewal” of the UK’s nuclear deterrent backed by a £15 billion ($20.3 bn) investment, Starmer said in a speech in Scotland on Monday.

The announcements come as a long-awaited review into Britain’s armed services is published Monday. Experts have been calling for a modernization of Britain’s armed services for decades, cries that have grown in volume since Russia’s invasion of Ukraine three years ago.

“When we are being directly threatened by states with advanced military forces, the most effective way to deter them is to be ready, and frankly, to show them that we’re ready to deliver peace through strength,” Starmer said Monday.

But Starmer refused to set out the timeline for his pledge that Britain’s overall defense spending would hit 3% of the UK’s gross domestic product (GDP). The uplift, announced earlier this year, is set to be reached by the end of the next parliament in 2034, but is dependent on economic conditions.

And the prime minister did not set out where the money to pay for the new weaponry will come from; he previously announced cuts to the UK’s aid budget to fund the uplift in defense spending, and he declined to rule out similar moves on Monday.

The fiscal promise from the UK falls short of defense spending promises from some NATO countries, whose spending has been closely scrutinized by US President Donald Trump.

NATO’s Secretary General Mark Rutte said last month he “assumed” NATO members will agree on a defense spending target of 5% at June’s NATO summit, a significant increase from the 2% benchmark, which was agreed to in 2014.

Per 2024 NATO data, only Poland’s defense expenditure was above 4% of GDP, although Latvia and Estonia had promised increases to 5%, with Italy promising a hike to between 3.5 and 5% of GDP. The US’ defense expenditure sat at 3.38% of GDP in 2024, making up some 64% of total NATO expenditure.

Russia’s invasion of Ukraine – and the subsequent pressure from Trump’s administration on European nations to boost their own military capabilities – has sparked a race among Europe’s key military powers to boost their readiness and counter the Russian threat should the White House pull its support for Kyiv.

The UK “cannot ignore the threat that Russia poses,” Starmer told the BBC on Monday. “Russia has shown in recent weeks that it’s not serious about peace, and we have to be ready.”

Starmer said Monday he intended to turn the UK into a “battle-ready, armour-clad nation with the strongest alliances, and the most advanced capabilities, equipped for the decades to come.”

Alongside the promised submarines, Starmer said that a “hybrid Royal Navy” will patrol the North Atlantic — a key transit route for Russian submarines to reach the eastern US seaboard — signalling a move to more drone-based naval capabilities.

The review, commissioned by his government and led by former NATO chief George Robertson, is expected to highlight a number of emerging threats, such as drone warfare, in which Britain is falling behind.

Given decades of shrinking investment in the British military, questions have been raised over the deterrence that Britain’s conventional and nuclear weapons offer, particularly given its reliance on a US supply chain.In the last eight years, the UK has publicly acknowledged two failed nuclear missile tests, one of them in the waters off Florida, when dummy missiles didn’t fire as intended.

This post appeared first on cnn.com

Tesla and SpaceX CEO Elon Musk’s time as the face of the Department of Government Efficiency (DOGE) has come to an end following the expiration of his time as a special government employee. 

Since January, Musk has been heading up DOGE, which was tasked with cutting $2 trillion from the federal government’s budget through efforts to slash spending, government programs and the federal workforce.

But how will the Trump administration look at DOGE now that Musk is gone?

So far, there are no signs that DOGE is being dismantled or that its efforts will be reversed, and former DOGE employees are infiltrating other areas of the Trump administration. Plus, President Donald Trump signaled that Musk could return in some capacity, although he did not dive into specifics. 

‘Elon’s really not leaving,’ Trump said Friday in the Oval Office. ‘He’s going to be back and forth … it’s his baby. And I think he’s going to be doing a lot of things. But Elon’s service to America has been without comparison in modern history.’

DOGE’s efforts to cut waste have led to roughly $175 billion in savings due to asset sales, contract cancellations, fraudulent payment cuts, in addition to other steps to eliminate costs, according to a May 26 update from DOGE’s website. That translates to roughly $1,086.96 in savings per taxpayer, according to the website. 

Meanwhile, Musk signaled that despite his departure as a special employee, DOGE would only continue to pick up steam and that DOGE is now an essential aspect of the federal government. 

‘This is not … the end of DOGE, but really the beginning. My time as a special government appointee necessarily had to end,’ Musk said Friday in the Oval Office. ‘The DOGE team will only grow stronger over time. The DOGE influence will only grow stronger. I liken it to a sort of person of Buddhism. It’s like a way of life, so it is permeating throughout the government. And I’m confident that over time, we’ll see $1 trillion of savings, and a reduction in $1 trillion of waste, fraud reduction.’ 

The White House has said that DOGE leadership following Musk’s departure will continue through members of Trump’s Cabinet. 

‘The DOGE leaders are each and every member of the president’s Cabinet and the president himself, who is wholeheartedly committed to cutting waste, fraud and abuse from our government,’ White House press secretary Karoline Leavitt told reporters Thursday at a White House press briefing. 

‘The entire Cabinet understands the need to cut government waste, fraud and abuse,’ Leavitt said. ‘And each Cabinet secretary at their respective agencies is committed to that. That’s why they were working hand in hand with Elon Musk. And they’ll continue to work with their respective DOGE employees who have onboarded as political appointees at all of these agencies. So surely the mission of DOGE will continue, and many DOGE employees are now political appointees and employees of our government.’

A senior White House official previously told Fox News Digital that DOGE is now part of the ‘DNA’ of the federal government, and that the agency will continue to function as it has done so far. 

‘The DOGE employees at their respective agency or department will be reporting to and executing the agenda of the president through the leadership of each agency or department head,’ the official said.

Fox News’ Andrew Mark Miller contributed to this report. 

This post appeared first on FOX NEWS

Progressive California Rep. Maxine Waters’ campaign has agreed to pay a $68,000 fine after an investigation found it violated multiple election rules.

The Federal Election Commission (FEC) said the longtime House lawmaker’s 2020 campaign committee, Citizens for Waters, ran afoul of several campaign finance laws in a tranche of documents released Friday.

The FEC accused Citizens for Waters of ‘failing to accurately report receipts and disbursements in calendar year 2020,’ ‘knowingly accepting excessive contributions’ and ‘making prohibited cash disbursements,’ according to one document that appears to be a legally binding agreement that allows both parties to avoid going to court.

Waters’ committee agreed to pay the civil fine as well as ‘send its treasurer to a Commission-sponsored training program for political committees within one year of the effective date of this Agreement.’

‘Respondent shall submit evidence of the required registration and attendance at such event to the Commission,’ the document said.

Citizens for Waters had accepted excessive campaign contributions from seven people totaling $19,000 in 2019 and 2020, the investigation found, despite the maximum legal individual contribution being capped at $2,800.

The committee offloaded those excessive donations, albeit in an ‘untimely’ fashion, the document said.

Waters’ campaign committee also ‘made four prohibited cash disbursements that were each in excess of $100, totaling $7,000,’ the FEC said. 

The campaign committee ‘contends that it retained legal counsel to provide advice and guidance to the treasurer and implemented procedures to ensure the disbursements comply with the requirements of the Act.’

Leilani Beaver, who was listed as Citizens for Waters’ attorney, sent the FEC a letter last year that maintained the campaign finance violations were ‘errors’ that ‘were not willful or purposeful.’

Waters, the top Democrat on the House Financial Services Committee, has served in Congress since 1991.

The new movements in the probe were first reported by OpenSecrets.

It is not the first time, however, that Waters has generated public scrutiny.

In 2023, a Fox News Digital investigation found that Waters’ campaign paid her daughter $192,300 to pay for a ‘slate mailer’ operation between Jan. 2021 and Dec. 2022.

It was reportedly just one sum out of thousands that Waters had paid her daughter for campaign work.

A complaint that Waters’ campaign had accepted illegal campaign contributions in 2018 was overwhelmingly dismissed by the FEC in a 5-1 vote.

Fox News Digital reached out to Beavers, Waters’ congressional office and Citizens for Waters for comment.

This post appeared first on FOX NEWS

Battleground Pennsylvania senators – Democrat John Fetterman and Republican Dave McCormick – both spoke out against antisemitism during a bipartisan forum in response to a recent attack on a pro-Israel gathering in Colorado. 

‘This is something that I’m terribly worried about, the growth of antisemitism here in our country is something I know Sen. Fetterman and I share,’ McCormick said in the sixth installment of The Senate Project series, organized by the Edward M. Kennedy Institute for the United States Senate and the Orrin G. Hatch Foundation and aired by FOX Nation.

‘We see this deeply seated in our society,’ said McCormick, who recently returned from a trip to Israel. ‘And it’s something that we have to stand up against with complete moral clarity. It’s something that we have to push back, and it’s something we have to, require, a mandate that our institutions extricate themselves of antisemitism.’

Fetterman also condemned the Colorado attack, along with the other high-profile attacks against Jewish people in recent weeks, and pointed out that he is at odds with many in his party on the issue. 

‘What happened yesterday in Boulder? It’s astonishing,’ Fetterman said. ‘ You know, the kinds of, the rank antisemitism, it’s out of control, and for me and as my friend just pointed out, this is just rampant across all the universities for all of these places, too. I mean, we really need to call it what it is. And now and for me, politically, being very, very firmly on the side of Israel, that kind of put parts of my party at odds for that.’

Suspect Mohamed Sabry Soliman is now facing murder, assault and other charges following what the FBI called a ‘targeted terror attack’ in Boulder, Colorado, over the weekend after he allegedly attacked a pro-Israel group. 

Fox News Digital reported that Soliman is in the country illegally from Egypt.

‘Now we really lost,’ Fetterman continued, ‘we’ve lost the argument and – parts of my party, and for me – that moral clarity, it’s really firmly on Israel. And of course, we can all agree the tragedy in Gaza. Nobody wants that. But who does want that? And that’s Hamas. And if you have been troubled, as I am, the death and the misery, you know, I think we should blame Iran and Hamas, and other people blame Israel. I refuse to allow try to turn Israel into a pariah state.’

McCormick went on to say that ‘there needs to be constant pressure on Hamas, to destroy the military capability of Hamas.’

The Senate Project series brings together sitting senators from opposing parties for civil dialogue about current political issues, with the goal of identifying solutions and bridging partisan divides. The series reflects the shared mission of the Kennedy Institute and Hatch Foundation to advance bipartisanship.

‘Vigorous and open dialogue is an essential part of our democracy and having these two senators from opposite sides of the aisle discuss important issues of the day is a valuable contribution to the public discourse,’ Kennedy Institute Chairman Bruce A. Percelay said in a statement.

Fox News Digital’s Paul Steinhauser contributed to this report.

This post appeared first on FOX NEWS

As Elon Musk steps away from his official role at the Department of Government Efficiency (DOGE), he joins a history of presidential administrations that have attempted to streamline government – with mixed results.

While former Presidents Thomas Jefferson, Andrew Jackson and Grover Cleveland all tried to downsize the judiciary, treasury and civil service, respectively, it wasn’t until the 20th century that the federal government grew into the bureaucratic behemoth it is that has drawn true DOGE-type attention.

Though often seen as the bigger spenders, some Democrats joined Republicans in the 1990s to shrink the size of government and make it more accountable to taxpayers.

‘We know big government does not have all the answers,’ former President Bill Clinton said during his 1996 State of the Union.

‘We know there’s not a program for every problem. We have worked to give the American people a smaller, less bureaucratic government in Washington – and we have to give the American people one that lives within its means.’

‘The era of big government is over,’ he said, in a phrase that had largely been considered the closest emulation of DOGE thought until Musk arrived on the scene.

Clinton also sought welfare reform and emphasized personal responsibility over dependency on the state.

The Arkansan also called for slashing the bureaucracy by 200,000 jobs and worked with then-House Speaker Newt Gingrich, R-Ga., to balance the federal budget.

President Donald Trump’s efforts to do the same have received a very different response from the left.

Clinton, working with congressional Republicans – while also frequently sparring with them – was able to reduce the federal workforce somewhat and establish a budget surplus but also failed to realize entitlement reform, something that more recent fiscal hawks have also struggled with.

Clinton won his 1992 upset as a centrist, after incumbent Republican George H.W. Bush was lambasted for reneging on his ‘Read my lips – no new taxes’ pledge, with a statistical boost from industrialist independent H. Ross Perot, who won the votes of many erstwhile Bush supporters.

Clinton and then-Vice President Al Gore established a National Performance Review (NPR) that drew some parallels to today’s DOGE, and cut the bureaucracy to 1960s levels.

Bill Clinton went on to win re-election over otherwise popular GOP stalwart Sen. Bob Dole, of Kansas, in 1996.

In 1980, actor-turned-California Gov. Ronald Reagan took the White House with promises similar to another celebrity-turned-politician who would do the same 36 years later.

The Gipper did not succeed in abolishing the Department of Education – created only a few years prior by President Jimmy Carter – something Trump has also sought.

But, he reinvigorated a new generation of conservatives who still praise him for slashing income taxes, seeking to ‘starve the beast’ via forced discretionary-spending cuts, and took on public-sector unions when he essentially won a dare against air traffic controllers who went on strike by firing them all and prohibiting their rehiring.

Reagan’s closest iteration of DOGE was the 1982 Grace Commission, studying cost-cutting and efficiency – and led by Maryland chemical executive J. Peter Grace along with dozens of ‘commissioners’ plucked from the private sector.

In the executive order creating the Grace Commission, it was tasked with examining ‘the entire federal government for areas of inefficiency, mismanagement and waste, and to recommend savings without raising taxes or cutting essential services.’

Within its three-year lifespan, the commission reported $424 billion in savings, including waste, fraud, abuse, over payments to government vendors and billions in unpaid taxes.

Reagan, however, faced the same resistance from the proverbial ‘Swamp’ in trying to implement the commission’s findings.

‘We’re not trying to hurt anyone. But the American taxpayer is being ripped off,’ Grace said at the time.

While ushered in as a conservative pragmatist, Reagan’s later years saw budget deficits grow, and the national debt more than double. The Dow also lost nearly one-quarter of its value on ‘Black Monday,’ Oct. 19, 1987.

The other contemporary president known for trying to ‘DOGE’ government was Texas Democrat Lyndon Johnson. LBJ was known for rapidly expanding government through his ‘Great Society’ social programs but also took aim at streamlining the Pentagon and Defense apparatus.

Efforts at the Pentagon largely failed, as the ongoing Vietnam War also accentuated costly balance sheets.

Defense Secretary Robert McNamara, a Kennedy holdover and former Ford Motor Company chief, was employed to make changes at the Pentagon.

He instituted what was called the Planning Programming Budgeting System, which sought to bring a more streamlined approach to managing the Pentagon’s budget.

However, the vast size of the defense bureaucracy – along with resistance from some military leaders – undermined the effectiveness of Johnson’s and McNamara’s reform efforts.

This post appeared first on FOX NEWS

The Trump administration has rolled out a new rule with the aim of making it easier to terminate federal employees for serious misconduct by cutting through the red tape that currently impedes that process. 

‘The Office of Personnel Management (OPM) is proposing amendments to the Federal Government personnel vetting adjudicative processes for determining suitability and taking suitability actions,’ the rule, which went live for public comment on Monday morning, states. 

‘The purpose of the proposed rule is to improve the efficiency, rigor and timeliness by which OPM and agencies vet individuals for risk to the integrity and efficiency of the service, and to make clear that individuals who engage in serious misconduct while employed in Federal service are subject to the same suitability procedures and actions as applicants for employment.’

OPM says its new rule is part of President Trump’s ‘Implementing the Department of Government Efficiency Workforce Optimization Initiative’ as well as the Presidential Memorandum, ‘Strengthening the Suitability and Fitness of the Federal Workforce.’

OPM explains that the new rule will allow the federal government to take action against employees who engage in misconduct after being hired, giving agencies ‘broader authority’ to ‘flag conduct’ including tax evasion, leaking of sensitive information, and other behavior ‘inconsistent with the public trust.’

‘For too long, agencies have faced red tape when trying to remove employees who break the public’s trust,’ OPM’s Acting Director, Chuck Ezell, told Fox News Digital. 

‘This proposed rule ensures misconduct is met with consequence and reinforces that public service is a privilege, not a right.’

Under the new rule, federal agencies will be able to refer specific cases to OPM requesting ‘suitability action’ for employees who are believed to have committed post-appointment conduct that deserves disciplinary action. 

Fox News Digital reported in 2023 that under current law, the vast majority of the federal workforce is not at-will and may only be terminated for misconduct, poor performance, medical inability and reduction in force. Federal employees are also entitled to sweeping due process rights when fired which can create a cumbersome process for agencies to remove a worker.

This post appeared first on FOX NEWS

Canada’s mining sector is gaining momentum, with over 130 projects with a total value of C$117.1 billion now planned or in construction, according to Natural Resources Canada’s 2024 inventory. That’s an increase of nine projects and C$23.5 billion from the previous year, signaling strong interest in resource development.

Yet despite this growth, the path to production remains slow. A study published in FACETS and cited by the Mining Association of Canada shows that the average timeline from discovery to production exceeds 17 years, highlighting the pressing need to streamline Canada’s complex and often lengthy permitting process.

Although miners, explorers and developers have long criticized the decades-long process, Canada’s federal and provincial governments have only recently begun working to expedite the process in an effort to harness the country’s vast critical minerals potential and assert the nation’s dominance in resource extraction.

The federal government has committed to expediting and streamlining the permitting process, laying out ambitious targets in its 2024 budget. Those goals include completing federal impact assessments and permitting for designated mining projects within five years, and within two years for non-designated projects.

Achieving these targets will involve establishing a federal mining permitting coordinator, enhancing funding for federal review authorities and promoting concurrent regulatory reviews to reduce duplication and delays

Provincial governments also play a significant role in mining project approvals.

A May 2025 report from the Mining Association of BC, outlines the economic potential of 27 advanced-stage mining projects in the province totaling more than C$90 billion. The projects highlighted in the report are described as new; however, there are several past-producing assets that are being offered a new lease on life.

One of those projects is Blue Lagoon Resources’ (CSE:BLLG,OTCQB:BLAGF) Dome Mountain gold project.

Located 50 minutes from Smithers, the 22,000 hectare property hosts the historic Dome Mountain mine, where past exploration and development were focused on the Boulder Vein, initially discovered in the 1980s.

In February, Blue Lagoon secured the final permit needed to advance its Dome Mountain project, clearing the way for production to begin in Q3 2025. The permit — one of just nine mining permits granted in BC since 2015 — marks a significant milestone for the junior miner, and positions the company to transition from an explorer to a gold and silver miner.

The path to production at Dome Mountain

Although Dome Mountain was in production between 1980 and 1993 under different management, securing permits to restart activity at the 30 year old brownfield proved as complex as starting up a greenfield project.

“It wasn’t easy at all,” said Vig. “They say that it takes over 15 years to get a mine permit in BC, and people are congratulating us that we got it in just under five. And personally, I thought it was four years too late.”

He went on to note, “Imagine being in any business that you have to wait. You know, you open up your restaurant, but then you have to wait for five years to open it. I mean, it’s incredibly difficult to get a mining permit”

Indeed, BC has one of Canada’s longest permitting processes. A 2019 report from Resource World notes that it takes six months on average to get an exploration permit in Canada. However, in BC, it can take 15 to18 months.

National and provincial critical minerals strategies have been established over the last six years, and parties on both sides of the aisle have promised policy reforms. But Vig underscored the challenges that remain.

“I think we want to believe that,” he said of the notion that the permitting process will be expedited through the critical minerals push. “I think the politicians are certainly saying that, but I’m not so confident that the execution can be there,” he continued. “Because, you know, you’ve got many factors. You’ve got the infrastructure of the government itself, the bureaucracy. There are only so many people that are able to process these applications.”

Indigenous consultation and permitting with purpose

A key requirement in the permitting process is Indigenous community consultation, engagement and approval, an area provincial governments have struggled to seamlessly integrate into the process.

For Blue Lagoon, communication and consultation with the Lake Babine Nation started early and remains a key tenet.

The Lake Babine Nation is one of BC’s largest Indigenous communities, with over 2,500 registered members. Its traditional territory surrounds Babine Lake, the province’s longest natural lake.

“We have a great relationship with the Lake Babine Nation,” said Vig. “You know, honestly, it was a very simple process. It’s a philosophy, that is very rudimentary, certainly in my culture.” Vig, who is of Indian heritage, moved to Canada in 1972 with his family, credits those formative years for fostering his deep sense of respect.

“My whole upbringing is all about respect. So for us, it was very simple — respect the people, respect the land,” he said, adding that a lot of it was common sense. “Protect the water, protect the land and make sure you don’t damage it as you go along (are) good practices (for) any business,” Vig emphasized.

Water conservation and protection is especially important to Blue Lagoon, an issue Vig described as “a way of life” due to its significance for fishing and cultural practices.

‘You don’t wait to be asked — you take the initiative to understand what matters most,” he said.

As he explained, provincial regulatory requirements called for water testing at five sites along a specific stream, and Blue Lagoon chose to conduct testing at nine locations instead.

“It’s really unheard of in our industry, to the best of my knowledge. We didn’t just do what was required of us. We like to go above and beyond to make sure. And when you do things like that, I think the sincerity comes across,” he said.

Financing in a tough market

Another challenge junior miners are facing is accessing funding. Investors who once used added liquidity to the space have moved to other sectors like tech, leaving mining coffers on the decline.

Blue Lagoon has been fortunate in terms of capital raising; the company completed the final tranche of its most recent private placement in late April, raising C$2.23 million through the issuance of 8.9 million units at C$0.25 each.

The full offering brought in C$4.87 million over four tranches, fully funding Dome Mountain to production.

Blue Lagoon’s ability to fast track its permitting and funding process were praised by mining committee chair Yannis Tsitos, who has more than two decades of experience in the mining sector working for companies like global commodities giant BHP (ASX:BHP,NYSE:BHP,LSE:BHP). Drawing on his history with large-scale operations, Tsitos described the Blue Lagoon’s approach as unusually nimble and disciplined.

“We haven’t cut a single corner,” he said, noting that while major players can afford to raise hundreds of millions upfront, most juniors must build organically. “What’s impressive is how this team — led by Rana — used creativity and persistence to move forward without delay,” he added. “It’s not about size; it’s about profitability and execution.”

He emphasized that Dome Mountain’s 15,000 ounce per year potential is just the beginning.

“Every major company started with one mine,” said Tsitos. “This could be the first step in something much bigger, and it’s happening right here in BC, which is hungry for investment.”

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

This post appeared first on investingnews.com

Harmony Gold Mining Company’s (NYSE:HMY,JSE:HAR) wholly owned Australian subsidiary, Harmony Gold (Australia), has entered into a binding agreement to acquire MAC Copper (NYSE:MTAL,ASX:MAC).

MAC is the owner of the CSA copper mine in New South Wales. Its annual production comes to approximately 40,000 metric tons of copper, with 2024 output totaling 41,000 metric tons of the red metal.

The transaction is priced at US$12.12 per MAC share in cash, implying a total equity value of US$1.03 billion for MAC.

“(This acquisition) is significant as it introduces a high-quality, established underground producing copper asset to the Harmony portfolio,” said Harmony Gold CEO Beyers Nel in a Tuesday (May 27) press release.

“The operation is a logical fit with the portfolio given it meets Harmony’s core investment criteria, including increasing free cash flow generation while improving margins at long-term expected commodity prices.”

Located 700 kilometers west-northwest of Sydney in the Cobar region, CSA has a history that stretches back at least 150 years. Its reserve life stands at over 12 years, and it has maintained a stable resource over the last decade.

Harmony believes CSA will be a valuable addition to its sole Australian asset, Eva, in Northwest Queensland. Harmony acquired Eva in December 2022, and believes it is set to become the state’s biggest copper mine.

According to the company, Eva and CSA could together boost its copper production on the east coast of Australia to 100,000 metric tons annually over the course of the next five years.

The transaction remains subject to certain conditions, but MAC’s board has unanimously recommended that shareholders vote in favor of the scheme. Should everything follow to schedule, the deal is expected to close in Q4.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) (‘NorthStar’ or the ‘Company’) today announced the results of voting at its annual general and special meeting of shareholders held on May 26, 2025 (the ‘Meeting’). The Company also announced that its Board of Directors has approved the grant of equity incentive awards in the form of stock options, restricted share units (‘RSUs’) and deferred share units (‘DSUs’) pursuant to the Company’s Equity Incentive Plan.

Each of the director nominees listed in the Company’s management information circular dated April 23, 2025 (the ‘Circular’) were re-elected as directors of the Company, including Vic Bertrand, Brian Cooper, Alex Latner, Dean Macdonald, Chris McGinnis, Michael Moskowitz, Sylvia Prentice, and Barry Shafran.

The shareholders of the Company approved the re-appointment of KPMG LLP as the auditors of the Company for the ensuing year and authorized the board of directors to fix their remuneration and terms of engagement.

At the Meeting, the shareholders of the Company approved certain amendments to the Company’s omnibus equity compensation plan (the ‘Plan’), in accordance with the TSX Venture Exchange rules and policies. A copy of the Plan is attached as an appendix to the Circular, which is available on the Company’s SEDAR+ profile at www.sedarplus.ca.

Stock Options

The Company has granted options to acquire up to 3,932,500 common shares of the Company to certain of its employees, consultants, and officers. The options have an exercise price of $0.06 per common share and expire in five years. The options vest annually in equal tranches over a period of three (3) years.

RSUs

The Company has granted an aggregate of 6,000,000 RSUs pursuant to the Plan to certain of its employees, consultants, and officers. The RSUs vest annually in equal tranches over a period of three (3) years.

DSUs

The Company has granted an aggregate of 2,454,545 DSUs pursuant to the Plan to non-executive directors of the Company in lieu of cash compensation for their services to date. The DSUs vest immediately and may only be redeemed upon a holder ceasing to be a director of the Company.

The grant of stock options, RSUs and DSUs remain subject to the approval of the TSX Venture Exchange.

About NorthStar

NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

NorthStar is listed in Canada on the Toronto Stock Venture Exchange under the symbol BET and in the United States on the OTCQB under the symbol NSBBF. For more information on the company, please visit: www.northstargaming.ca.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Information and Statements

This communication contains ‘forward-looking information’ within the meaning of applicable securities laws in Canada (‘forward-looking statements’), including without limitation, statements with respect to the following: expected performance of the Company’s business. The foregoing is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company’s anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘continues’, ‘forecasts’, ‘projects’, ‘predicts’, ‘intends’, ‘anticipates’ or ‘believes’, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’ be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management’s opinions, estimates and assumptions that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: risks related to the Company’s business and financial position; risks associated with general economic conditions; adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies; and those factors discussed in greater detail under the ‘Risk Factors’ section of the Company’s most recent annual information form, which is available under NorthStar’s profile on SEDAR+ at www.sedarplus.ca. Many of these risks are beyond the Company’s control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar’s expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

For further information:

Company Contact:

Corey Goodman
Chief Development Officer 
647-530-2387
investorrelations@northstargaming.ca

Investor Relations:

RB Milestone Group LLC (RBMG)
Northstar@rbmilestone.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254120

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(TheNewswire)

Vancouver, British Columbia TheNewswire – June 2, 2025: Allied Critical Metals Inc. (CSE: ACM | FSE:0VJ0) (‘ Allied’ or the ‘ Company’ ), which is focused on its 100% owned past producing Borralha and Vila Verde (Vale das Gatas) tungsten projects in northern Portugal, is pleased to announce the commencement of a fully-funded exploration program that will include up to 5,000 metres of core drilling at the Company’s flagship Borralha Tungsten Project (the ‘ Property’ or ‘ Borralha’ ), located in northern Portugal.

Roy Bonnell, CEO and Director commented, ‘The launch of this 5,000-metre drilling campaign marks a major milestone for Allied and the continued advancement of the Borralha Project. Our experienced geological team in Portugal expects the results to meaningfully expand the current resource base, paving the way for a more robust and valuable project. All newly defined tonnage will be incorporated into an updated Preliminary Economic Assessment (PEA), scheduled for release this fall. In parallel, advanced metallurgical optimization test work will be conducted at Wardell Armstrong’s laboratories in the UK, focusing on enhancing metal recoveries and concentrate grades. These efforts are aimed at further improving the economic performance of the project and delivering a higher-quality concentrate to meet the demanding standards of end-users.’

The Borralha project is an advanced-stage brownfield tungsten project located in northern Portugal. Historically mined between 1904 and 1985, it produced over 10,280 tonnes of high-grade wolframite concentrate averaging 66% WO₃ (as described in the Company’s Technical Report, referenced below). The Borralha project is now positioned for near-term, low-cost production with modern exploration confirming significant remaining mineralization.

Key highlights include:

Current NI 43-101 Resources (as of March 2024):

  • Indicated: 4.98 million tonnes at 0.22% WO₃, 762 g/t Cu, and 4.8 g/t Ag.

  • Inferred: 7.01 million tonnes at 0.20% WO₃, 642 g/t Cu, and 4.4 g/t Ag.

The Company has completed its maiden mineral resource estimate for the Property described in its technical report entitled, ‘Technical Report on the Borralha Property, Parish of Salto, District of Vila Real, Portugal’ dated effective July 31, 2024 (the ‘ Technical Report’ ), which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca .

Recent Exploration : Drilling from 2023–2024 returned strong intercepts, including up to 10m at 1.75% WO₃ and multiple longer intervals averaging over 0.2% WO₃, as reported in the Technical Report.

Proposed 2025 RC Drilling Program:

Click Image To View Full Size

The following figure shows the plan of the proposed 2025 RC drilling program and an example of the proposed sectional drilling.

Figure 1: Proposed 2025 RC Drilling Program and Example of Proposed Sectional Drilling

Permitting: The project holds a Mining Rights Concession License and is undergoing environmental assessment to transition to full-scale mining. Current permitting allows bulk sampling of up to 150,000 tonnes per annum.

Infrastructure: Located near the major Portuguese cities of Braga and Porto, it benefits from excellent infrastructure including roads, power, water, and skilled labor.

Strategic Positioning: Borralha represents one of the few near-term, non-Chinese tungsten production opportunities globally, strategically aligning with the West’s increasing demand for critical raw materials amid heightened supply chain vulnerabilities. With Borralha and other national assets, Portugal is poised to emerge as one of Europe’s leading suppliers of tungsten , reinforcing its role in supporting the continent’s industrial resilience and green transition.

This project forms the cornerstone of Allied’s strategy to become a leading Western supplier of tungsten, a metal critical to defense, EVs, semiconductors, and industrial manufacturing.

Qualified Person

Doug Blanchflower, P.Geo. is a Consulting Geologist with Minorex Consulting and has reviewed and approved the scientific and technical information in this news release and is a Registered Professional Geoscientist in good standing with the Association of Professional Engineers and Geoscientists of British Columbia (No. 19086), and is independent from ACM and its mineral properties and is a qualified person for the purposes of National Instrument 43-101—Standards of Disclosure for Mineral Projects . Mr. Blanchflower is independent of the Company and its mineral properties.

On behalf of the Board of Directors

‘Roy Bonnell’

Roy Bonnell

CEO and Director

For further information or investor relations inquiries, please contact:

Dave Burwell

Vice President, Corporate Development

Email: daveb@alliedcritical.com

Tel: 403-410-7907

Toll Free: 1-888-221-0915

ABOUT ALLIED CRITICAL METALS

Allied Critical Metals Inc. (ACM:CSE | FSE:0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China and Russia represent approximately 90% of the total global supply and reserves. The Tungsten market is estimated to be valued at approximately U.S.$5 to $6 billion and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.

Please also visit our website at www.alliedcritical.com.

Also visit us at:

LinkedIn:

X: https://x.com/@alliedcritical/

Facebook:

Instagram: https://www.instagram.com/alliedcriticalmetals/

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca ). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and terms of the investor awareness campaign, anticipated benefits to Company from running the investor awareness campaign, and the performance of the investor relations services providers of the marketing services as contemplated in the marketing agreements, or at all. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 , and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this press release and has neither approved now disapproved the contents of this press release.

Copyright (c) 2025 TheNewswire – All rights reserved.

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