Author

admin

Browsing

Jim Wiederhold, commodity indices product manager at Bloomberg, shares his commodities outlook for 2026, saying that while precious metals dominated last year, there’s potential for a rotation toward industrial metals like copper in the year ahead.

‘The fundamental story for industrial is very strong,’ he said.

‘There’s potential huge supply/demand imbalances coming in the future.’

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

This post appeared first on investingnews.com

Cobalt metal prices have trended steadily higher since September of last year, entering 2026 at US$56,414 per metric ton and touching highs unseen since July 2022.

The cobalt market staged a dramatic reversal in 2025, shifting from deep oversupply to structural tightening after decisive intervention by the Democratic Republic of Congo (DRC).

Prices began last year near nine year lows amid a lingering glut, but surged after the DRC, responsible for roughly three-quarters of global supply, imposed an export ban in February, later replaced by strict quotas.

By the end of the year, cobalt metal prices had more than doubled, underscoring how quickly supply-side policy reshaped market fundamentals. What emerged was not a demand-driven recovery, but a supply-led reset. Indonesian output, largely tied to nickel processing, helped cushion the shock but proved insufficient to replace lost Congolese units.

As inventories thinned and quotas capped future exports, the market exited 2025 near balance, setting the stage for a tighter and more volatile cobalt landscape heading into 2026.

Cobalt chokepoints: DRC dominance, China and the Lobito Corridor

With the concentration of cobalt output stemming from two nations, supply chain security has come into focus. An issue Roman Aubry, nickel and cobalt analyst at Benchmark Mineral Intelligence expects to last through 2026.

“2025 has demonstrated the risks associated with having a single country being

He added: “Looking ahead to 2026 it’s clear that the market has to anticipate continued uncertainty from the DRC. While they’ve announced a detailed quota system for the next two years, the DRC reserves the right to adjust it as it sees fit. Given the current ex-DRC cobalt stocks, Benchmark expects there to be significant risk of demand destruction as we approach the end of the year, therefore it is likely the DRC will need to adjust the export quota.”

Concern over China’s control of battery and critical metal supply chains is also likely to carry over through the year, as tensions between Washington and Beijing oscillate and the US looks to fortify its access to the metals.

Aubry pointed to the Lobito Corridor as a key factor in the US securing ex-China supply.

The major rail and port project linking the mineral-rich Copperbelt of the DRC and Zambia to Angola’s Atlantic coast, could reshape the global cobalt supply chain by lowering export costs, speeding transit times and diversifying routes away from China‑dominated infrastructure.

The US International Development Finance Corporation has committed hundreds of millions of dollars in funding to modernize the corridor’s rail and port facilities, potentially boosting annual transport capacity by an order of magnitude and cutting costs by as much as 30 percent compared with existing routes.

“In regards to Western-China relations, we’ve seen the US become increasingly conscious of its reliance on China refining for critical minerals, taking steps to improve ties with the DRC,” said Aubry. “This has mainly come in the form of a strategic agreement to develop the Lobito rail corridor, which would allow the DRC to export cobalt directly to the Atlantic, as well as the establishment of a coordinated Strategic Minerals Reserve within the DRC.”

Is cobalt substitution in the cards?

Before the DRC levied export controls over cobalt exports human rights and child labour concerns around artisinal cobalt extraction plagued the sector.

Paired with the supply chain challenges, battery manufacturers began shifting chemistry away from cobalt-rich formulas, like nickel-cobalt-manganese (NCM) and lithium-iron-phiosphate (LFP) began growing in market share.

In 2025, demand for nickel-cobalt-manganese (NCM) battery cells remained strong in markets focused on longer driving range and performance, particularly in North America and Europe, but lithium iron phosphate (LFP) cells continued their rapid ascent, driven by cost advantages and growing adoption in China and entry-level electric vehicles (EVs).

Industry forecasts project LFP’s share of global battery cell capacity to exceed 60 percent in 2025, reflecting broader shifts toward lower-cost chemistry amid affordability pressures, while NCM and lithium nickel cobalt aluminum oxide (NCA) cells continue to dominate premium segments where energy density remains critical.

Amid a shrinking EV market share, Aubry pointed to overall growth in the EV segment, as well as cobalt’s other end uses as factors likely to support demand.

“While battery chemistries are expected to shift towards lower-cobalt or cobalt- free chemistries, the volume of EV batteries is expected to more than offset this,” he explained.

“From all applications, cobalt demand is expected to grow almost 80 percent in the next decade,

He added: “Outside of the EV space, portables are an area of significant growth, particularly batteries for newer technologies like drones. Industrial applications also present a stable source of growth.”

Market volatility drives need for raw materials hedging

During a presentation at Benchmark Week 2025, Casper Rawles, COO at Benchmark Intelligence, highlighted the growing value of hedging for companies operating in the battery raw materials space.

According to Benchmark data, raw materials could account for 20 percent to 40 percent of battery costs by 2030, exceeding 50 percent for some chemistries.

For EV manufacturers such as BYD (OTCPL:BYDDF), annual spending on critical battery materials could exceed US$2 billion, leaving margins highly exposed to price swings.

Against that backdrop, Rawles underscored the need for more sophisticated hedging strategies, noting that shifts in sentiment, supply, demand and geopolitics can reprice these markets with little warning.

Hedging allows companies to manage commodity price volatility by offsetting exposure in the physical market with positions in the futures market.

Producers and consumers typically hedge either to lock in prices that protect margins or to secure fixed pricing tied to external contracts, buying or selling futures to counterbalance their underlying risk. In practice, firms can tailor these strategies to reduce price exposure partially or eliminate it altogether, depending on their risk tolerance.

As Rawles explained, cobalt’s 2025 price rebound emphasizes how exposed the market is to geopolitics, with the DRC’s export controls triggering a rapid reversal from oversupply to scarcity.

“Ultimately we saw an export quota being put in place. Now that quota is pretty limited,’ said Rawles.

‘When we think about the type of volumes we’re expecting to be needed by the market it’s really not going to be sufficient to fulfill market demand. That really shows how quickly the fortunes of these minerals can change,” he added, noting that the DRC’s dominance gives it outsized influence over global pricing.

Rawles stressed that cobalt volatility is no longer driven by supply and demand alone, but by sentiment and geopolitics, with major implications for battery makers and automakers, where raw materials account for a large share of costs.

“Even if you think you know the outlook at the start of the year, that can change in a heartbeat,” he said.

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

This post appeared first on investingnews.com

The graphite market was dominated by oversupply, trade disputes and China’s continued grip in 2025.

Prices hit multi-year lows as a US investigation into Chinese anode imports highlighted the vulnerability of the electric vehicle (EV) supply chain, with tariffs and anti-dumping duties creating uncertainty for North American producers.

Although natural graphite output has risen from 966,000 metric tons in 2020 to 1.6 million metric tons in 2024, China accounts for nearly all recent supply growth and also dominates refining.

The nation is projected to control roughly 80 percent of battery-grade graphite production through 2035.

Outside the Asian nation, analysts note that US and European producers face high costs and limited alternatives, with trade tensions and tariffs further constraining non-China supply.

While graphite projects in Madagascar and Mozambique offer some diversification of supply, graphite refining capacity remains heavily concentrated, leaving the market exposed to supply shocks.

A US-China trade agreement made late in 2025 eased volatility in the natural anode market, but oversupply and weak demand continue to pressure flake graphite prices as the year closed.

“The agreement between the US and China to roll back planned export restrictions on markets such as graphite is set to provide a stable picture for the next year,” wrote Fastmarkets’ Andrew Saucer in a November update.

“However, for graphite, it leaves many existing trade barriers in place which should solidify shifts in how China and the US are finding alternatives to each other in their natural and synthetic supply chains.’

Graphite prices under pressure

Speaking at the Benchmark Week conference in November 2025, Adam Webb, head of energy raw materials at Benchmark Mineral Intelligence, explained why flake graphite prices — as well as the majority of the battery metals suite — saw weak prices through early 2025, despite a promising demand outlook.

“Essentially, what’s happened here is demand has grown very strongly, but supply growth has actually outpaced demand growth,” Webb said. “Therefore you’ve got the markets in a surplus, and that weighs on prices.”

As graphite prices sank in 2024, a ripple effect impacted supply, hitting the production side hard.

“With flake graphite, you’ll notice it’s actually supply has increased less than demand, and that is because prices were so low that in 2024 you had significant Chinese capacity come offline,’ Webb commented.

‘Also in flake graphite you have competition with synthetic graphite.”

Graphite anodes remain the dominant choice for lithium-ion batteries, but price divergence has sharpened competition between natural and synthetic materials.

Synthetic graphite is expected to retain the largest market share in the near term, thanks to its superior fast-charging performance, durability and electrolyte compatibility. However, natural graphite is gaining attention for its lower cost, higher capacity and lower energy intensity. This competition has divided the market as prices for flake graphite remain low, further pressured by weak demand in the industrial segment.

“Flake pricing on the other hand continues to feel the impact of lower steel demand in 2025 amid declines in Asian and European production in the first seven months of the year,” a September Fastmarkets report notes.

“Expectations among market participants are that production in China will continue to decline through the end of the year and continue to weigh on overall global production.”

Energy storage surge to underpin long-term graphite demand

Despite the market challenges noted by Benchmark’s Webb, the metals consultancy and price reporting agency forecasts 9 percent growth in graphite demand between 2025 and 2035.

This uptick will be strongly supported by a rise in the EV and battery energy storage system (BESS) segments.

“Flake graphite, you’ll see that that price is going up despite the oversupplied market, and that is because to meet that rising demand, there needs to be more supply coming online, and a lot of that supply coming online is high cost. So that’s going to push up the price support, basically, gradually through time,” Webb said.

The BESS market emerged as a major growth driver in 2025, reinforcing long-term demand for battery raw materials, including graphite. As Benchmark outlines, the market for BESS is expected to register roughly 44 percent growth for 2025, almost double the rate of overall lithium-ion battery demand.

As a result, energy storage is set to account for a quarter of total battery demand in 2025.

In North America, momentum has been uneven.

While interest in large-scale storage remains strong, BESS integrators faced mounting pressure in 2025 due to limited domestic battery cell supply, project delays and shrinking margins.

Several leading system providers reported weaker financial results, highlighting the risks of heavy reliance on imported cells and fragmented supply chains.

In Europe, deployed energy storage capacity surpassed 100 gigawatts by November, with batteries accounting for the vast majority of new installations. China, by contrast, saw a renewed surge in energy storage battery shipments. Policy reforms introduced under “Document No. 136” shifted renewable power toward market-based pricing and removed mandatory storage requirements, allowing battery projects to compete on commercial returns.

Together, these regional dynamics underline the growing importance of stationary storage in the global battery market. As BESS capacity expands alongside EVs, demand for graphite anodes is expected to remain structurally strong, even as supply chains and pricing face continued adjustment.

Establishing an ex-China anode supply chain

At Benchmark Week, industry insiders agreed graphite demand will continue to rise through the decade, but the anode supply chain remains constrained by China’s dominance and the high cost of building alternatives elsewhere.

Today, more than 90 percent of battery-grade anode material is sourced from China, a concentration that has become increasingly untenable for western automakers and cell manufacturers.

“Customers are actively looking for diversification,” said Michael O’Kronley, CEO of Novonix (ASX:NVX,OTCPL:NVNXF), noting that supply security has shifted from a long-term aspiration to an immediate priority.

Yet replacing Chinese supply is proving far from straightforward.

A panel featuring graphite executives highlighted that anode qualification can take years, requiring extensive testing to ensure materials perform consistently over a battery’s full lifespan.

“Battery materials aren’t qualified overnight,” O’Kronley said. “It takes years of co-development and patient capital.”

Cost remains the central obstacle. Building an anode plant in North America can cost three to 10 times more than in China, while customers remain reluctant to pay a premium. “A new supply chain has to be paid for somewhere,” O’Kronley warned, arguing that government support is essential if diversification is to scale.

Natural graphite producers face similar pressures.

Financing has become more difficult amid weak prices, even as long-term demand expectations remain strong.

“We expect demand growth closer to 2030,” said Patrice Boulanger, vice president of sales, marketing and business at Québec-focused Nouveau Monde Graphite (NYSE:NMG), adding that government offtake agreements are increasingly critical to unlocking private financing.

Despite growing interest in silicon, lithium metal and other next-generation anodes, the panelists were unanimous that graphite will remain dominant.

“Graphite is clearly here to stay,” said Viren Hira of Syrah Resources (ASX:SYR,OTCPL:SYAAF), with both natural and synthetic materials expected to underpin battery growth through at least the next decade.

Adding context during his own presentation at Benchmark Week, Webb outlined how cost dynamics are reshaping the anode market, particularly the balance between synthetic and natural graphite.

“On the anode side, we’ve seen a move towards synthetic graphite,” he said, noting that the shift has been driven less by performance and more by economics. Producers, he explained, have increasingly turned to lower-quality, lower-cost feedstocks, enabling them to reduce production costs.

As a result, prices for synthetic anode material have fallen, making it more competitive and supporting its growing share of battery anode demand.

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

This post appeared first on investingnews.com

(TheNewswire)

Toronto, Ontario TheNewswire – January 20, 2026 Laurion Mineral Exploration Inc. (TSX-V: LME | OTCQB: LMEFF | FSE: 5YD) (‘LAURION’ or the ‘Company’) is pleased to provide an update on its strategic positioning entering 2026, following a recent strategy session of the Company’s Board of Directors. LAURION’s primary focus for the year ahead is the advancement and further development of its flagship Ishkōday Project, with the objective of enhancing the positioning of the asset to support the Company’s pursuit of strategic alternatives aimed at maximizing long‑term shareholder value.

‘Our focus has always been on advancing Ishkōday through disciplined, milestone-driven execution,’ said Cynthia Le Sueur-Aquin, President and CEO of LAURION. ‘This technical direction reflects my conviction that LAURION’s strategy is sound, disciplined, and built to endure. We are no longer relying on the market to infer value — we are building it by translating technical progress and mineral property advancement into measurable project value. As the Company’s largest shareholder, with my immediate family and I holding over 30 million shares, alignment with this approach matters deeply to me.’

‘This clarity regarding LAURION’s strategic plan is intended to ensure that investors understand how the Company’s disciplined execution today improves outcomes tomorrow, while avoiding mixed signals between whether the Company is prioritizing a pursuit of strategic alternatives as compared to the technical advancement and development of Ishkōday. They are considered concurrent and complementary priorities.’

EVALUATION OF STRATEGIC ALTERNATIVES

As previously announced, LAURION has undertaken a structured strategic review process, including the establishment of a special committee (the ‘Special Committee‘) and the engagement of a network of financial and strategic advisors, to explore a range of potential strategic alternatives for the Company, which includes, among other things, assessing interest from potential acquirers and institutional investors aligned with LAURION’s long-term vision. (LAURION press releases dated November 14, 2023, April 14, 2025, September 5, 2025, October 23, 2025 and November 19, 2025.)

As part of recent strategic discussions, the Company received feedback from external advisors regarding the Company’s market positioning, timing, and next steps. These advisors noted that, while interest in high-quality Canadian gold assets exists, it remains selective. The most effective way to strengthen future strategic outcomes is through the continued technical advancement and development of the Ishkōday Project. Specifically, these advisors recommended that LAURION advance the Project toward the completion of a technical report expressing a mineral resource estimate (MRE), followed by a subsequent technical report disclosing a preliminary economic assessment (PEA), each prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101‘). Therefore, working towards these two technical milestones will be the Company’s principal focus in 2026.

While LAURION’s M&A infrastructure – comprised of its Special Committee and established network of financial and strategic advisors – remains in place and the Company continues to explore and be receptive to strategic opportunities, day-to-day management will concentrate on advancing the development of the Ishkōday Project through its next stages of technical reporting. Consistent with the guidance provided by the Company’s advisors, the advancement of the Ishkōday Project is expected to further enhance the project’s profile, quantify the merits of the project, and better position LAURION to explore strategic alternatives designed to maximize shareholder value.

FROM BROAD EXPLORATION TO STRUCTURED VALUE DEFINITION

LAURION has built an extensive geological and exploration dataset across a large, mineralized corridor at Ishkōday through a series of deliberate, strategically designed work programs. The Company has developed a structure-led, confidence-building technical program designed to support mineral resource development.

The Company’s technical focus in 2026 will be on integrating this information to identify and progressively refine coherent mineralized envelopes within priority structural corridors, using structurally informed drilling, shoot-fan patterns, and 3D domaining to convert drilling confidence into robust geological models. Near-term drilling will be designed and executed within structurally validated zones and along established plunge directions, with each hole planned to test defined geological hypotheses and contribute directly to model refinement, continuity assessment, and confidence building. This disciplined approach emphasizes data quality and geological consistency, with the objective of ensuring that technical advancement is systematic, defensible, and aligned with NI 43-101. In the Company’s view, by prioritizing technical integrity, LAURION can support near-term target generation and foster future resource growth and value recognition, as this is how the Company intends to increase the underlying value of the project in a manner consistent with how value is traditionally assessed and realized in the mining industry.

LAURION to Attend VRIC 2026

LAURION will be attending the Vancouver Resource Investment Conference (VRIC) 2026, to be held in Vancouver, British Columbia, on January 25-26, 2026. Management will be available during the conference to engage with investors and industry participants and to discuss the Company’s ongoing work at the Ishkōday Gold-Polymetallic Project, its disciplined technical approach, and its 2026 execution priorities. Participation in VRIC supports LAURION’s commitment to transparent investor engagement and clear communication aligned with its milestone-driven strategy.

Qualified Person

The technical contents of this release were reviewed and approved by Pierre-Jean Lafleur, P.Eng, a consultant to LAURION and a Qualified Person as defined by NI 43-101.

About LAURION Mineral Exploration Inc.

 

Laurion Mineral Exploration Inc. is a mid-stage junior mineral exploration company listed on the TSX Venture Exchange under the symbol LME and on the OTC Pink market under the symbol LMEFF. The Company currently has 278,716,413 common shares outstanding, with approximately 73.6% held by insiders and long-term ‘Friends and Family’ investors, reflecting strong alignment between management, the Board, and shareholders.

LAURION’s primary focus is the 100%-owned, district-scale Ishkōday Project, a 57 km² land package hosting gold-rich polymetallic mineralization. The Company is advancing Ishkōday through a disciplined, milestone-driven exploration strategy focused on strengthening geological confidence, defining structural continuity.

LAURION’s strategy is centered on deliberate value creation. The Company is prioritizing systematic technical advancement, integrated geological and structural modeling, and the evaluation of optional, non-dilutive pathways, including historical surface stockpile processing, that may support flexibility without diverting focus from core exploration objectives.

The Company’s overarching objective is to build project value before monetization, ensuring that any future strategic outcomes are supported by technical clarity, reduced execution risk, and demonstrated scale. While the Board remains attentive to strategic interest that may arise, LAURION is not driven by transaction timing. Instead, the Company is focused on advancing the Ishkōday Project in a manner that strengthens long-term shareholder value.

LAURION will continue to communicate progress through timely disclosure and will issue press releases in accordance with applicable securities laws should any material change occur.

FOR FURTHER INFORMATION, CONTACT:

Laurion Mineral Exploration Inc.

Cynthia Le Sueur-Aquin – President and CEO

Tel: 1-705-788-9186 Fax: 1-705-805-9256

 

Douglas Vass – Investor Relations Consultant

Email: info@laurion.ca

Website: http://www.LAURION.ca

Follow us on: X (@LAURION_LME), Instagram (laurionmineral) and LinkedIn ()

 

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Company’s current expectations regarding future events including with respect to LAURION’s business, operations and condition, management’s objectives, strategies, beliefs and intentions, the Company’s ability to advance the Ishkōday Project, the nature, focus, timing and potential results of the Company’s exploration, drilling and prospecting activities in 2026 and beyond, including the Company’s planned activities for the Ishkōday Project for the remainder of 2026, the timing of, and the Company’s ability to complete, any technical reports or milestones regarding the Ishkōday Project, and the statements regarding the Company’s exploration or consideration of any possible strategic alternatives and transactional opportunities, as well as the potential outcome(s) of this process, the possible impact of any potential transactions referenced or inferred herein on the Company or any of its stakeholders, and the ability of the Company to identify and complete any potential acquisitions, mergers, financings or other transactions referenced or inferred herein, and the timing of any such transactions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the TSX Venture Exchange or any other applicable regulator not providing its approval for any strategic alternatives or transactional opportunities, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Company’s publicly filed documents. Investors should consult the Company’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Company’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Company disclaims any obligation to update these forward-looking statements. All sample values are from grab samples and channel samples, which by their nature, are not necessarily representative of overall grades of mineralized areas. Readers are cautioned to not place undue reliance on the assay values reported in this press release.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Copyright (c) 2026 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Exploration drilling underway and PFS-level technical programs ongoing at the Company’s Saskatchewan gold project

Fortune Bay Corp. (TSXV: FOR,OTC:FTBYF) (FWB: 5QN) (OTCQB: FTBYF) (‘Fortune Bay’ or the ‘Company’) is entering 2026 with a strengthened balance sheet and a clear strategic focus on advancing its Goldfields Gold Project (‘Goldfields’ or the ‘Project’), a gold development asset in Saskatchewan, one of the world’s top-tier mining jurisdictions.

Following a year of significant technical and corporate progress in 2025, the Company is fully funded to execute its planned 2026 program at Goldfields, centered on; 1) project development work, that includes advancing toward a Prefeasibility Study (‘PFS’) in tandem with permitting activities, and 2) exploration drilling targeting additional near-mine ounces that could further strengthen Goldfields’ excellent economics. Exploration drilling has resumed after the holiday break and initial drill results are expected in the first quarter of 2026.

Goldfields is very well-positioned for advancement, with excellent PEA economics, a high-confidence mineral resource base, established infrastructure, and the benefit of Saskatchewan’s stable, top-tier jurisdiction.‘ said Dale Verran, CEO of Fortune Bay. ‘The work completed in 2025 strengthened the project’s technical foundation and firmly set the stage for expedited advancement. With funding secured, our priority in 2026 is disciplined execution, advancing development while growing the resource and positioning Goldfields to unlock meaningful value as the gold market continues to strengthen.’

2025: A Year of Demonstrating Project Value and Setting the Stage for Advancement

Throughout 2025, Fortune Bay advanced Goldfields through a series of key milestones aimed at strengthening technical confidence, improving execution readiness, and positioning the project for the next stage of value creation.

Updated Preliminary Economic Assessment: Defining an Expedited Development Path

In September 2025, Fortune Bay completed an independent Updated Preliminary Economic Assessment (‘Updated PEA’) for Goldfields, confirming the project as a robust open-pit development asset supported by a well-defined resource base, existing infrastructure, and Saskatchewan’s stable regulatory environment.

At a base-case gold price of US$2,600/oz, the Updated PEA outlined after-tax economics of C$610 million NPV (5%) and a 44% IRR, with initial capital estimated at C$301 million. At spot gold prices at the time of the study (US$3,650/oz), the after-tax NPV (5%) increased to C$1.25 billion, highlighting the project’s strong sensitivity to gold prices. On average, every US$100 change in the gold price assumption results in an approximate C$61 million change in after-tax NPV.

The Updated PEA positions Goldfields for accelerated advancement toward construction by maintaining throughput below 5,000 tpd, enabling the Project to remain within the provincial permitting framework. This expedited pathway is supported by established infrastructure, a de-risked resource base (with 97% of ounces in the mine plan classified as Indicated), and a valid provincially approved Environmental Impact Statement (‘EIS’) from 2008 for a 5,000 tpd open-pit operation.

To read the full release visit https://fortunebaycorp.com/news/post/fortune-bay-announces-updated-pea-for-goldfields-saskatchewan.

Permitting Work: Advancing Execution Readiness

Alongside the Updated PEA, Fortune Bay advanced environmental baseline studies during 2025, building upon extensive historical datasets and the existing EIS. Both aquatic and terrestrial baseline environmental studies were completed in late 2025, with final reporting and ongoing monitoring continuing into early 2026 and beyond.

In addition, a well-attended community tour of Indigenous communities and municipalities was completed in November 2025 to support early engagement on the development of Goldfields. Productive meetings were also held with Chiefs and Council members from local Indigenous nations to introduce the project and seek initial feedback from leadership.

Post-PEA Technical Programs: Advancing Toward PFS-Level Studies

Following completion of the Updated PEA, the Company initiated a series of post-PEA technical programs aimed at further de-risking the project and advancing studies toward the PFS level. This work included high-resolution topographic (LiDAR) survey, waste rock characterization, metallurgical testwork, and planning for additional PFS-level work programs.

Exploration: Positioning for Resource Expansion

In parallel with project development work, Fortune Bay refined exploration targets across the Goldfields property, integrating historical drilling, updated geological modeling, and insights gained through the PEA process. This work directly informed the design of the current exploration drilling program targeting additional near-mine ounces that could further strengthen Goldfields’ exceptional economics and improve the overall development profile. 

2026: Funded, Focused, and Advancing

With funding secured, Fortune Bay’s 2026 work program is designed to translate the technical and permitting progress achieved in 2025 into tangible value advancement at Goldfields. The Company enters the year with a clear operational focus and the financial capacity to execute its plans without near-term capital constraints.

Exploration

A central component of the 2026 program is resource expansion drilling, targeting priority areas identified through recent geological modeling and insights gained from the Updated PEA. The drilling is intended to test the potential to further strengthen project scale, extend mine life, and enhance the overall development profile. Initial drill results are expected in the first quarter of 2026.

Project Development

The Company plans to advance three key project development strategies in parallel; 1) PFS-level work streams, 2) Saskatchewan-led environmental approvals, and 3) community consultation and engagement.

PFS-level work streams will include expanded geotechnical, metallurgical and waste rock geochemistry investigations. Metallurgical and waste rock studies in 2025 were scoped to inform and support design of optimized PFS-level investigations in 2026. An integrated work program is being developed to reduce the amount of drilling required to the extent possible.

  • Geotechnical drilling and investigations, in tandem with hydrogeological survey, will expand on historical studies to further characterize host-rock physical properties and support optimization of the open pit design. Surface investigations and soil profile testing will also be carried out to support higher-confidence infrastructure design, including that of the tailings storage facility, process plant and other site infrastructure.
  • Metallurgical studies will include expanded testing to better constrain parameters around process plant design and reagent consumption, including broad-scale variability testing.
  • Waste rock characterisation study will be carried out, including acid base accounting and geochemistry, to support waste rock facility design and complement site water balance and environmental (permitting) advancement.

Results from recent baseline environmental studies and the waste rock characterization program will be integrated with feedback from early engagement activities and the project scope outlined in the Updated PEA to inform development of the Technical Proposal. The Technical Proposal is the first step in the provincial environmental assessment process and will be used as a basis for initiation of regulatory engagement with the Saskatchewan Ministry of Environment in Q1 of 2026. This work will build upon the Provincially-approved 2008 Environmental Impact Statement for a 5,000 tpd open-pit operation. Community engagement will continue in 2026 to strengthen relationships and continue meaningful dialogue on the project with the public and local Indigenous Nations, including rights holders.

The technical progress achieved at Goldfields in 2025, and the fully funded program planned for 2026, reinforce the Company’s strategy of disciplined, cycle-aware advancement of a high-quality gold asset in a top-tier jurisdiction.

Technical Report & Qualified Person

Details for the Updated PEA for Goldfields are provided in the technical report titled ‘Goldfields Project Updated NI 43-101 Technical Report & Preliminary Economic Assessment, Saskatchewan, Canada‘, dated October 20, 2025, prepared by Kevin Murray, P.Eng.; Scott C. Elfen, P.E.; James Millard, P.Geo.; Jonathan Cooper, P.Eng.; Marc Schulte, P.Eng.; Cliff Revering, P.Eng.; and Ron Uken, Pr.Sci.Nat. for Fortune Bay Corp. The technical report is available under the Company’s issuer profile on SEDAR+ (www.sedarplus.ca) and on the Company’s website at www.fortunebaycorp.com.

The technical and scientific information in this news release has been reviewed and approved by Gareth Garlick P.Geo., Vice-President Technical Services of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Garlick is an employee of Fortune Bay and is not independent of the Company under NI 43‑101.

About Fortune Bay

Fortune Bay Corp. (TSXV:FOR,OTC:FTBYF; FWB:5QN; OTCQB:FTBYF) is a Canadian mineral exploration and development company with assets in Canada and Mexico. The Company’s primary focus is advancing the Goldfields Gold Project in Saskatchewan, Canada. Fortune Bay also holds the Poma Rosa Gold-Copper Project in Chiapas, Mexico, as well as an optioned uranium project portfolio in the Athabasca Basin of Saskatchewan. Fortune Bay continues to evaluate and advance its portfolio in a disciplined manner while maintaining a strong technical foundation and prudent capital management. For more information, please visit www.fortunebaycorp.com or contact info@fortunebaycorp.com.

On behalf of Fortune Bay Corp.

‘Dale Verran’
Chief Executive Officer
902-334-1919

Cautionary Statement

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as ‘expects’, ‘aims’, ‘anticipates’, ‘targets’, ‘goals’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, ‘seeks’, ‘estimates’, ‘continues’, ‘may’, variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements, and include, but are not limited to, statements with respect to: the results of the Updated PEA, including future Project opportunities, future operating and capital costs, closure costs, AISC, the projected NPV, IRR, timelines, permit timelines, and the ability to obtain the requisite permits, economics and associated returns of the Project, the technical viability of the Project, the market and future price of and demand for gold, the environmental impact of the Project, and the ongoing ability to work cooperatively with stakeholders, including Indigenous Nations, local Municipalities and local levels of government. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward- looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate Indigenous Nations and local Municipalities, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. For more information on Fortune Bay, readers should refer to Fortune Bay’s website at www.fortunebaycorp.com.

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

SOURCE Fortune Bay Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2026/20/c5036.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

President Donald Trump has spent the bulk of his second White House term testing the limits of his Article II authorities, both at home and abroad – a defining constitutional fight that legal experts expect to continue to play out in the federal courts for the foreseeable future.

These actions have included the U.S. capture of Venezuelan strongman Nicolás Maduro, who was deposed during a U.S. military raid in Caracas earlier this month, and Trump’s continued fight to deploy National Guard troops in Democrat-led localities, despite the stated objections of state and local leaders.

The moves have drawn reactions ranging from praise to sharp criticism, while raising fresh legal questions about how far a sitting president can go in wielding power at home and abroad.

Legal experts told Fox News Digital in a series of interviews that they do not expect Trump’s executive powers to be curtailed, at least not significantly or immediately, by the federal courts in the near-term.

Despite near-certain challenges from Maduro – who would likely argue any U.S. arrest in Venezuela is illegal, echoing Manuel Noriega’s failed strategy decades ago – experts say Trump’s Justice Department would have little trouble citing court precedent and prior Office of Legal Counsel guidance to justify his arrest and removal.

U.S. presidents have long enjoyed a wider degree of authority on foreign affairs issues – including acting unilaterally to order extraterritorial arrests. Like other U.S. presidents, Trump can cite guidance published in the late 1980s to argue Maduro’s arrest was made within the ‘national interest’ or to protect U.S. persons and property.

Even if an arrest were viewed as infringing on another country’s sovereignty, experts say Trump could cite ample court precedent and longstanding Office of Legal Counsel and Justice Department guidance to argue the action was legally sound.

A 1989 memo authored by then-U.S. Assistant Attorney General Bill Barr has surfaced repeatedly as one of the strongest arguments Trump could cite to justify Maduro’s capture. That OLC memo states that ‘the president, pursuant to his inherent constitutional authority, can authorize enforcement actions independent of any statutory grant of power.’ It also authorizes FBI agents to effectuate arrests ordered by the president under the ‘Take Care’ clause of the U.S. Constitution, and says the authority to order extraterritorial arrests applies even if it impinges ‘on the sovereignty of other countries.’

Importantly, federal courts have read these powers to apply even in instances where Congress has not expressly granted statutory authorization to intervene.

‘When federal interests are at stake, the president, under Article II, has the power to protect them,’ Josh Blackman, a constitutional law professor at the South Texas College of Law, told Fox News Digital in an interview. 

That’s because Article II, at its core, is ‘the power for a U.S. president to protect [its] people,’ Blackman said. 

‘The reason why we detained Maduro was to effectuate an arrest. DOJ personnel and FBI agents were there to arrest him and read him his rights. And the reason why we used 150 aircraft, and all the other military equipment, was to protect the people who were going to arrest Maduro,’ he added. ‘It was a law enforcement operation, but [with] military backing to protect them – so Article II does factor in here, indirectly.’ 

Though Trump himself has not cited a legal justification for the invasion, senior administration officials have, including Secretary of State Marco Rubio and Secretary of War Pete Hegseth, who described Maduro’s arrest respectively, as a mission to indict two ‘fugitives of justice,’ and as a ‘joint military and law enforcement raid.’

In Minnesota, next steps for Trump are a bit more fraught. 

Trump’s National Guard deployment efforts were stymied by the Supreme Court in December, after the high court halted Trump’s National Guard deployments under Title 10. 

Trump had deployed the federalized troops to Illinois and Oregon last year to protect ICE personnel. But the high court issued an interim order rejecting Trump’s bid, noting that under Title 10, the administration could not federalize the National Guard until it first showed they tried to authorize the regular military to enforce the laws but could not do so. 

Some court watchers have noted that the ruling essentially closes off alternatives for Trump to act.

Instead, Trump could opt to enact his Article II ‘protective powers’ domestically via a more sweeping and extreme alternative.

This includes the use of the Insurrection Act to call up active-duty U.S. troops and order them deployed to Minnesota and elsewhere. 

The Insurrection Act is a broad tool that gives presidents the authority to deploy military forces in the U.S. when ‘unlawful obstructions, combinations, or assemblages, or rebellion’ make it ‘impracticable to enforce the laws.’ 

Critics note it is a powerful, far-reaching statute that could grant Trump an expansive set of powers to act domestically in ways that are not reviewable by Congress or by the courts.

Jack Goldsmith, a Harvard Law professor and former U.S. Assistant Attorney General, noted this possibility in a recent chat with former White House counsel Robert Bauer. By ‘closing off this other statute,’ he said, the Supreme Court ‘may have, some argue, driven the president in the direction of the Insurrection Act because this other source of authority was not available.’

Trump allies, for their part, have argued that the president has few other options at his disposal in the wake of the Supreme Court’s interim ruling.

Chad Wolf, the America First Policy Institute’s chair of homeland security and immigration, told Fox News Digital last week that Trump could have ‘little choice’ but to invoke the Insurrection Act.  

‘If the situation on the ground in Minneapolis continues to grow violent, with ICE officers being targeted and injured as well as other violent acts … Trump will have little choice,’ he said. 

Experts are split on to what degree there is a through-line between the two issues.

Blackman, the South Texas College of Law professor, said the ‘point of connection’ in Trump’s actions is the presidential ‘power of protection’ under Article II, which he said applies both abroad and at home. ‘The president can protect his law enforcement domestically, and he can protect his law enforcement abroad, both under Article II.’

Fox News Digital’s Ashley Oliver contributed to this report.

This post appeared first on FOX NEWS

U.S. House Speaker Mike Johnson addressed Britain’s Parliament on Tuesday, telling them that he had come to ‘calm the waters,’ as tensions between Washington and its European allies have intensified in recent weeks over President Donald Trump’s push to acquire Greenland.

Johnson’s address — the first ever delivered by a sitting U.S. House speaker to the British Parliament — came on the eve of the United States’ 250th anniversary and against a backdrop of strain in transatlantic relations, including Trump’s sharp criticism of UK Prime Minister Keir Starmer hours earlier over a deal involving the Chagos Islands.

‘I spoke to President Trump at length yesterday, and I told him that I really felt that my mission here today was to encourage our friends and help to calm the waters, so to speak,’ Johnson said. 

Johnson emphasized that despite current disagreements, the U.S. and UK remain bound by a durable alliance built on shared history, values and security interests.

‘We’ve always been able to work through our differences calmly as friends. We will continue to do that,’ he said. ‘I want to assure you this morning that that is still the case.’

The speaker said his visit had taken on new urgency as geopolitical tensions escalated in recent days. He described his role as reinforcing stability among allies while signaling resolve to adversaries.

Johnson tied his remarks to the approaching 250th anniversary of American independence, framing the milestone not simply as a celebration, but as a moment of reflection and recommitment — particularly as Western nations confront external threats and internal divisions.

He warned that U.S. adversaries are increasingly challenging Western democracies through ‘increasingly sophisticated forms of subversion.’ 

‘We see China, Russia and Iran grow more aggressive and emboldened as they intensify their efforts to exert economic, political, and military influence around the world,’ Johnson said. ‘We see a callous disregard for basic human rights, new provocations, and even the theft of intellectual property on a scale like we have never seen before.’

Johnson said Trump is focused on those threats, particularly in strategically sensitive regions such as the Arctic.

‘Clearly, President Trump is taking seriously the modern and dynamic threats that China and Russia pose to our global security, and especially and in focus the last few days as it relates to the Arctic,’ he said.

While acknowledging room for debate among allies, Johnson stressed that the dangers posed by rival powers must be confronted collectively.

‘While we can have thoughtful debate among our friends about how best to counter these threats, we all certainly agree they must be countered,’ he said.

Speaker Johnson praised Britain and other allies for recent cooperation, including enforcement of sanctions. He clarified that Trump’s ‘America First’ agenda does not mean ‘America alone.’ 

He praised NATO members for increasing defense spending and highlighted cooperation through alliances such as AUKUS, calling them evidence that national interests and collective security can coexist.

‘Whether it’s NATO’s nations historic commitment to raise their investment in defense… or the AUKUS alliance deepening its cooperation in submarines and undersea defense, our partnership is proving that nations can prioritize their individual interests responsibly,’ he said.

Johnson invoked the shared heritage of the U.S. and UK, warning that military strength and economic power are meaningless without confidence in a shared set of values.

‘Strong and lethal militaries matter,’ he said. ‘Robust and thriving economies matter, but they mean little if we forget what we’re fighting for.’ 

This post appeared first on FOX NEWS

Donald J. Trump was inaugurated for a second term as president exactly one year ago. It is safe to say the country, and the world, will never be the same. 

President Trump has engaged in energetic and bold governing and diplomacy, fulfilling campaign promises like boosting domestic energy production, while also seeking peace in turbulent parts of the world and attempting to follow through on long-term ambitions, like acquiring Greenland.

He has engaged with the press on a near-daily basis, boosted recruitment for our military, dismantled harmful left-wing shibboleths like DEI, convinced our NATO allies to spend more on their own defense, junked burdensome regulations that interfered with our country’s progress, challenged our woke universities, extracted and jailed alleged drug kingpin Nicolás Maduro, defended women’s sports, significantly derailed Iran’s nuclear program, overseen new health initiatives like ridding our food of artificial dyes, shrunk the ever-expanding federal bureaucracy, and pushed through a reconciliation bill that lowered taxes for middle-class Americans. It is an incredible boatload of accomplishments.

But Trump’s first year is most notable for closing the southern border that predecessor Joe Biden opened to millions of unvetted illegal immigrants, and for resetting U.S. trade relations through the introduction of tariffs. As he might boast, few imagined that these efforts would succeed; however, neither has been without controversy.

Today, President Trump is at a crossroads. He begins midterm campaigning with approval ratings that are underwater, according to polling aggregated by RealClearPolitics, even on his signature issues of immigration and the economy. He has, in particular, lost favor with independents and with some of the groups that helped him win in 2024, like young voters and Hispanics. 

Surveys suggest voters think the president is spending too much time on foreign affairs instead of working to reduce the cost of living. While he pursues peace between Ukraine and Russia, Americans want lower cereal prices and cheaper housing. 

President Trump is trying to do too many things at once. On the one hand, we applaud the energy and pace of this president, a welcome change from the inert Joe Biden. On the other hand, Americans want stability, not chaos.

President Trump is aggrieved that the country is not giving him high marks for booming economic growth, a declining fiscal deficit, new investments flowing into the U.S., a declining trade gap, rising middle-class wages, all-time high oil production and record stock prices. And, inflation is substantially lower than the decades-high 9.1% recorded during the Biden presidency.

Public perceptions about the economy will play a decisive role in the midterm elections. Given today’s subdued consumer sentiment, President Trump faces the very real prospect that Republicans will lose their slim control of the House and maybe even their advantage in the Senate. He has warned more than once that should Democrats take over, they will almost certainly move to impeach him; he may well be right. 

Faced with that threat, and seemingly rattled by Democrats’ new ‘affordability’ pitch, Trump has unleashed a barrage of new policies meant to address the cost of living, some of which appear half-baked. He has proposed capping interest rates on credit cards at 10% and has strategized about that controversial notion with progressive Sen. Elizabeth Warren, D-Mass., a development giving most Republicans hives. In addition, he has launched an attack on corporate-owned housing, which he claims has driven up rents. The number of homes bought up by businesses in recent years is small, and not likely to be a major source of rent inflation.

The frustrated president is also lashing out at adversaries, threatening to sue JPMorgan CEO Jamie Dimon for ‘debanking’ him in 2021 and waging war against Federal Reserve Chair Jay Powell, for instance. 

Trump blames the Fed chair for keeping interest rates too high, which in turn drives up the cost of living. The Justice Department’s investigation into whether the Fed Chair lied to Congress about the costly renovation of the Fed’s headquarters was a foolish miscalculation; it has backfired as Powell has dug in and caused the Senate to balk at confirming his successor.

Trump has also recently rolled out ‘The Great Healthcare Plan,’ which would make payments directly to households to cover health expenses rather than send federal subsidies to insurers on consumers’ behalf. This proposal comes as Congress continues to debate extending enhanced premium subsidies on Obamacare; the lapsing of payments augmented during COVID-19 will raise some peoples’ insurance costs significantly. For not being ready with a solution to this dilemma, which was anticipated for more than a year, voters should blame Republicans in Congress, not President Trump. Nonetheless, attempting to reconfigure our dysfunctional healthcare system, nearly one fifth of our economy, should not be done on the fly.

Most recently, Trump has again threatened to slap onerous tariffs on European Union countries unless Denmark agrees to sell Greenland. This is a mistake, as it undermines the president’s constructive use of tariffs, indicates our partners cannot trust hard-fought trade agreements, and again plunges America’s commitment to NATO into uncertainty.

President Trump is trying to do too many things at once. On the one hand, we applaud the energy and pace of this president, a welcome change from the inert Joe Biden. On the other hand, Americans want stability, not chaos.

They especially don’t want chaos on the streets of Minneapolis, with ICE agents under attack. They also don’t want chaos in our dealings with foreign nations. And, they don’t want chaos in our economy, with tariffs being raised and lowered according to the latest push from the Oval Office and with major proposals being spun out almost daily.

The president has accomplished a great deal in his first year in office. He needs to build on the wins, and remind voters why they elected him. That begins with deescalating some of his confrontations and restoring confidence through steady leadership. It continues with hitting the campaign trail, talking to the American people, and bringing them back on board.

President Trump’s agenda is not complete; let us hope he reboots and wins for three more years to continue making America great again.   

This post appeared first on FOX NEWS

President Donald Trump, who has been pressing for the U.S. to acquire Greenland, continued to beat the drum on the issue early on Tuesday.

‘I had a very good telephone call with Mark Rutte, the Secretary General of NATO, concerning Greenland. I agreed to a meeting of the various parties in Davos, Switzerland. As I expressed to everyone, very plainly, Greenland is imperative for National and World Security. There can be no going back — On that, everyone agrees!’ the president declared in part of a Truth Social post.

Trump is slated to speak at the World Economic Forum annual meeting on Wednesday.

In another post on Tuesday, Trump shared a graphic that appeared to depict Secretary of State Marco Rubio and Vice President JD Vance standing behind Trump as he held a flagpole flying an American flag near a sign that described Greenland as a ‘US TERRITORY EST. 2026.’

‘Shockingly, our ‘brilliant’ NATO Ally, the United Kingdom, is currently planning to give away the Island of Diego Garcia, the site of a vital U.S. Military Base, to Mauritius, and to do so FOR NO REASON WHATSOEVER,’ the president asserted in part of a separate post.

‘The UK giving away extremely important land is an act of GREAT STUPIDITY, and is another in a very long line of National Security reasons why Greenland has to be acquired. Denmark and its European Allies have to DO THE RIGHT THING. Thank you for your attention to this matter,’ he asserted.

Last week, Trump warned of tariffs as he continued to press the matter of Greenland.

‘Starting on February 1st, 2026, all of the above mentioned Countries (Denmark, Norway, Sweden, France, Germany, The United Kingdom, The Netherlands, and Finland), will be charged a 10% Tariff on any and all goods sent to the United States of America. On June 1st, 2026, the Tariff will be increased to 25%. This Tariff will be due and payable until such time as a Deal is reached for the Complete and Total purchase of Greenland,’ Trump declared in a January 17 Truth Social post.

Tuesday, January 20, marks the one-year anniversary since Trump’s January 20, 2025 inauguration.

This post appeared first on FOX NEWS

Denmark on Monday ramped up its military presence in Greenland, deploying extra troops to the strategic Arctic territory amid escalating tensions with President Donald Trump.

Local Danish broadcaster TV 2 said the Danish Armed Forces confirmed a new contingent of troops, described as ‘a substantial contribution,’ were arriving at Greenland’s main international airport Monday night.

Maj. Gen. Søren Andersen, head of Denmark’s Arctic Command, said about 100 Danish soldiers have already arrived in Nuuk, Greenland’s capital, with others later deployed to Kangerlussuaq in western Greenland.

The new military move comes in the wake of comments made by Trump over the region’s strategic and military importance. 

In a Truth Social post Jan. 18, Trump warned that Denmark had failed to secure Greenland against foreign threats.

‘NATO has been telling Denmark, for 20 years, that ‘you have to get the Russian threat away from Greenland,’’ Trump wrote. 

‘Unfortunately, Denmark has been unable to do anything about it. Now it is time, and it will be done!!!’ he said.

On Monday, a text message exchange between Trump and Norwegian Prime Minister Jonas Gahr Støre over Greenland and the Nobel Peace Prize was released in a statement.

‘Denmark cannot protect that land from Russia or China, and why do they have a ‘right of ownership’ anyway?’ Trump said before adding that there were ‘no written documents; it’s only that a boat landed there hundreds of years ago, but we had boats landing there, also,’ he said in part of the exchange.

‘I have done more for NATO than any other person since its founding, and now, NATO should do something for the United States. The world is not secure unless we have complete and total control of Greenland. Thank you! President DJT,’ he added.

Before now, according to Reuters, Andersen had said that Danish troop deployment was driven by broader security concerns, not by Trump’s statements.

Danish Defense Minister Troels Lund Poulsen also said that Denmark has begun increasing its military footprint in and around Greenland in cooperation with its NATO allies and as part of efforts to strengthen Arctic defense, Reuters reported.

Danish forces already stationed in Greenland could remain for a year or more, with additional rotations planned in the coming years.

Meanwhile, White House press secretary Karoline Leavitt said Jan. 15 the presence of European troops would not affect Trump’s interest in acquiring Greenland.

‘I don’t think troops from Europe impact the president’s decision-making process, nor does it impact his goal of the acquisition of Greenland at all,’ she told reporters.

The additional Danish troop deployment also came following Trump’s announcement that the U.S. would impose a 10% import tax starting in February on goods from countries that have supported Denmark and Greenland, including Norway.

Fox News Digital has reached out to the White House for comment.

This post appeared first on FOX NEWS