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Vanadium is an important metal for both the steel and battery manufacturing industries.

Both of these sectors play key roles in economic growth and a new era in defense and energy security. Supply and demand fundamentals for the metal indicate a strong long-term outlook for the vanadium market.

Many investors believe the vanadium industry is compelling and are interested in getting involved in this evolving market. Read on for a brief overview of the metal, from supply and demand to how to invest in this exciting industrial and battery metal.

In this article

    What is vanadium?

    Named after Vanadis, the Norse god of beauty, vanadium is a silvery-gray transition metal that was discovered in 1801.

    Vanadium occurs in about 65 different minerals, and is mined as a by-product of other metals, usually uranium. It is also found in deposits of phosphate rock, titaniferous magnetite, uraniferous sandstone and siltstone. Aside from that, it is present in bauxite and in carboniferous materials such as crude oil, coal, oil shale and tar sands.

    Vanadium demand trends

    Vanadium applications have grown in recent years, contributing to price growth. The vast majority of vanadium is used as an additive in the steel industry to make a high-strength product that is lighter, stronger and more resistant to shock and corrosion.

    Vanadium content of less than 0.1 percent is needed to double the strength of steel, and although other metals — including manganese, molybdenum, niobium, titanium and tungsten — can be interchanged with vanadium for alloying with steel, there is no substitute for vanadium in aerospace titanium alloys.

    Over the last few years, China has increased its vanadium use, producing steel rebar with high tensile strength for construction. Vanadium compounds are also used in nuclear reactors because they have low neutron-absorbing properties. Vanadium oxide is used as a pigment for ceramics and glass, and can act as a catalyst in the production of superconducting magnets.

    In addition to the steel alloy sector, the metal is often used to make parts for jet engines, as well as crankshafts, axles and gears. What’s more, vanadium redox batteries (VRFB) are currently generating excitement because they are reusable over semi-infinite cycles, and do not degrade for at least 20 years, allowing energy storage systems the ability to bank renewable energy.

    However, these batteries are quite large compared to lithium-ion batteries, and are better suited for industrial or commercial use rather than for use in electric vehicles. That said, there are a number of companies around the world working on developing the technology for residential and smaller-scale use.

    Vanadium supply trends

    The top vanadium producing countries are China, Russia and South Africa, and worldwide vanadium production totaled 100,000 metric tons (MT) in 2024. China was the world’s largest producer of vanadium by far, contributing 70,000 metric tons of vanadium. Russia came in at a distant second with output of 21,000 MT, and South Africa was in third place with 8,000 MT.

    Russian-owned Evraz is a large vanadium producer with assets in Russia and Czechia, and is a major supplier of ferrovanadium to the European steel market. In the first half of 2022, Russia’s invasion of Ukraine and subsequent trade sanctions have prompted end-users to look for more secure vanadium supplies. By the end of 2024, Russian vanadium pentoxide exports to China had dried up, and supply uncertainties were also reported in South Africa.

    For his part, CRU Group’s Goel believes other nations are also interested in boosting domestic vanadium production. “Governments worldwide have recognized vanadium as a critical mineral, leading to increased support for emerging vanadium projects,” he said. Goel cited as an example the private Australian company Vecco Group, which received an AU$3.8 million grant to advance the feasibility and design of its vanadium project in Brisbane.

    However, vanadium will have to break free from the current low pricing environment if ex-China projects are to move from discovery to production.

    How to invest in vanadium stocks

    Vanadium bullion is available from private individuals, but the metal is not publicly traded, and so most experts do not advise investing in physical vanadium. Instead, vanadium stocks are a common way to gain exposure.

    There are several publicly traded companies currently producing vanadium for investors to consider, as well as many companies exploring or developing vanadium projects, including as a by-product of other minerals. See the list of vanadium stocks you can invest in below for more details on their operations.

    [shortcode-js-qm-watchlist-widget stocks=’AVL:AU,BMN:LN,EFR:CC,LGO,NEXT:CC,QEM:AU,SR:CC,VRB:CC,WUC:CC’

    Australian Vanadium (ASX:AVL)
    Australian Vanadium is building a vanadium pit-to-battery value chain in Western Australia that will incorporate its flagship Australian Vanadium project, considered one of the most advanced vanadium projects being developed globally.

    Bushveld Minerals (LSE:BMN)
    Bushveld Minerals is a primary vanadium mining company with one of the world’s largest high-grade primary vanadium resources. The company’s assets, all in South Africa, include two of the world’s four operating primary vanadium production processing facilities and an under-construction vanadium electrolyte production facility.

    Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU)
    Energy Fuels is primarily focused on uranium and rare earth metals, but its White Mesa mill in Utah, US, has the ability to process uranium-bearing ore from its mines into vanadium pentoxide (V2O5) as well. While the company is not currently producing vanadium, it has a stockpile of finished V2O5, with production and sales awaiting stronger market prices.

    Largo Resources (TSX:LGO,NASDAQ:LGO)
    Largo Resources owns and operates the Maracas Menchen mine in Brazil, and has annual V2O5 equivalent production guidance of between 9,000 and 11,000 MT. The company supplies vanadium products for multiple applications, and has developed vanadium redox battery systems for advanced renewable energy storage solutions.

    Manuka Resources (ASX:MKR)
    Manuka Resources holds two fully permitted precious metals projects in the Cobar Basin of New South Wales, Australia. Through its wholly owned subsidiary, it is also advancing the Taranaki VTM iron-vanadium-titanium project, which would extract vanadium-rich iron sands from the seabed of the New Zealand exclusive economic zone.

    NextSource Materials (TSX:NEXT,OTCQB:NSRCF)
    NextSource Materials’ advanced-stage Green Giant in-situ vanadium project in Madagascar is one of the world’s largest-known vanadium deposits, with a resource estimate of 60 million MT of V2O5 at an average grade of almost 0.7 percent. Green Giant is adjacent to NextSource’s Molo graphite mine.

    QEM (ASX:QEM)
    QEM is advancing its flagship Julia Creek vanadium and energy project in Queensland’s North West Minerals Province. The project hosts one of the largest vanadium deposits in the world, with a JORC resource of 2.87 billion MT at 0.31 percent V2O5, and a contingent oil resource of up to 654 million barrels.

    Strategic Resources (TSXV:SR)
    Strategic Resources is targeting the green steel market with its flagship BlackRock vanadium-titanium-iron project in the Eeyou Istchee James Bay region of Québec, Canada. The project, which will host a mine and concentrator, is fully permitted and construction ready. The company will also have a metallurgical facility located in the Port of Saguenay.

    VanadiumCorp Resource (TSX:VRB)
    VanadiumCorp’s goal is to become a fully integrated producer of high-quality vanadium electrolytes for vanadium flow batteries. It plans to source material from its Lac Doré vanadium- and titanium-bearing magnetite deposit in the Eeyou Istchee James Bay region of Québec.

    Western Uranium and Vanadium (CSE:WUC,OTCQX:WSTRF)
    Western Uranium and Vanadium is developing high-grade uranium and vanadium production at its Sunday Mine Complex in Colorado, US, and licensing and developing the nearby Mustang mineral processing plant. In Q2 2025, it delivered stockpiled and new production from Sunday to Energy Fuels’ White Mesa mill through an ore purchase agreement.

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

    This post appeared first on investingnews.com

    Osisko Metals Incorporated (the ‘ Company ‘ or ‘ Osisko Metals ‘) ( TSX: OM,OTC:OMZNF ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec.

    Osisko Metals CEO Robert Wares commented: ‘The growth potential of the Gaspé Copper deposit continues to be demonstrated with today’s new high-grade results. Holes 30-1106 and 30-1109 reveal the presence of a thick, higher grade tabular zone lying at depth around the E Zone horizon near the eastern margin of our 2024 MRE model. This tabular zone may extend significantly to the east if it correlates to historical drilling results. Our expansion drilling is exceeding expectations, hand-in-hand with the solid infill results on our main resource area.’

    New analytical results are presented below (see Table 1), including 26 mineralized intercepts from six new drill holes. Infill intercepts are located inside the 2024 MRE model ( see November 14, 2024 news release ), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as ‘Both’). Maps showing hole locations are available at www.osiskometals.com .

    Highlights:

    • Drill hole 30-1110
      • 1091.5 metres averaging 0.20% Cu (infill and expansion)
    • Drill hole 30-1109
      • 133.7 metres averaging 1.04% Cu (expansion)
    • Drill hole 30-1106
      • 159.1 metres averaging 0.45% Cu (expansion)
    • Drill hole 30-1103
      • 167.9 metres averaging 0.24% Cu (infill)
    • Drill hole 30-1108
      • 134.8 metres averaging 0.22% Cu (infill and expansion)
    • Drill hole 30-1111
      • 304.5 metres averaging 0.17% Cu (infill)
      • 206.3 metres averaging 0.33% Cu (expansion)

    Table 1: Infill and Expansion Drilling Results

    DDH No. From (m) To (m) Length (m) Cu % Ag g/t Mo % CuEq* Type**
    30-1103 14.6 144.0 129.4 0.17 1.40 0.19 Infill
    And 322.6 490.5 167.9 0.24 1.84 0.014 0.30 Infill
    And 510.0 583.5 73.5 0.27 2.02 0.029 0.40 Expansion
    And 618.0 714.0 96.0 0.12 1.09 0.024 0.20 Expansion
    And 790.5 854.0 63.5 0.26 1.38 0.010 0.30 Expansion
    30-1106 595.5 634.5 39.0 0.40 3.58 0.44 Infill
    And 694.0 716.0 22.0 0.29 1.60 0.008 0.32 Expansion
    And 741.0 802.5 61.5 0.18 0.97 0.014 0.23 Expansion
    And 844.7 1003.8 159.1 0.45 1.95 0.011 0.50 Expansion
    (including) 864.2 898.0 33.8 1.04 3.60 0.011 1.10 Expansion
    30-1108 9.0 53.0 44.0 0.20 1.80 0.21 Infill
    And 67.0 96.0 29.0 0.17 1.62 0.19 Infill
    And 160.5 199.5 39.0 0.12 1.05 0.008 0.16 Infill
    And 354.0 417.0 63.0 0.19 1.42 0.006 0.22 Infill
    And 442.2 579.0 134.8 0.22 1.17 0.030 0.34 Both
    And 662.7 695.8 33.1 0.22 0.75 0.021 0.31 Expansion
    And 877.5 900.3 22.8 0.62 5.14 0.67 Expansion
    30-1109 463.5 487.5 24.0 0.36 2.83 0.39 Infill
    And 543.0 583.5 40.5 1.35 8.29 0.012 1.44 Infill
    And 727.3 861.0 133.7 1.04 6.48 0.017 1.14 Expansion
    30-1110 8.0 1099.5 1091.5 0.20 1.52 0.017 0.28 Both
    (including) 8.0 743.6 735.6 0.20 1.50 0.015 0.27 Infill
    (including) 743.6 1099.5 355.9 0.21 1.55 0.021 0.30 Expansion
    And 1138.5 1177.5 39.0 0.12 0.90 0.014 0.17 Expansion
    30-1111 28.5 333.0 304.5 0.17 0.80 0.007 0.20 Infill
    And 391.5 602.5 210.5 0.16 0.78 0.028 0.27 Infill
    And 634.7 682.5 47.8 0.13 1.06 0.008 0.16 Expansion
    And 730.0 936.3 206.3 0.33 2.39 0.016 0.41 Expansion

    * See explanatory notes below on copper equivalent values and Quality Assurance/Quality Controls.
    ** ‘Both’ indicates drill holes that have contiguous shallower infill as well as deeper expansion intercepts.

    Discussion

    Drill holes 30-1103 and 30-1108, both located near the western margin of the 2024 MRE model, cut multiple intersections of mineralized material, 20 to 168 metres thick, distributed in ‘layer cake’ fashion from surface to a vertical depth of 854 and 900 metres, respectively.

    Drill hole 30-1106, located near the eastern margin of the 2024 MRE model, cut unmineralized material to a depth of about 600 metres, followed by four mineralized intervals to a vertical depth of 1004 metres. These include a higher-grade interval of 33.8 metres averaging 1.04% Cu and 3.60 g/t Ag located at the level of (and immediately below) the E Zone skarn horizon.

    Drill hole 30-1109, also located near the eastern margin of the 2024 MRE model, cut unmineralized material to a depth of about 460 metres, followed by three mineralized intervals to a vertical depth of 860 metres. These also include a higher-grade interval of 133.7 metres averaging 1.04% Cu and 6.48 g/t Ag located in skarn and porcellanites above and below the E Zone skarn horizon.

    Both 30-1106 and 30-1109 suggest potential for the presence of a higher-grade tabular deposit around the E Zone horizon that, when combined with historical drilling data, indicates a potential extension eastward towards the previously mined E-32 Zone over a lateral distance of 800 metres.

    Drill hole 30-1110, located on top of Copper Mountain near the central part of the 2024 MRE model, intersected 1091.5 metres averaging 0.20% Cu, 1.52 g/t Ag, and 0.017% Mo (0.28% CuEq), including 735.6 metres averaging 0.20% Cu, 1.50 g/t Ag, and 0.015% Mo (infill) and 355.9 metres averaging 0.21% Cu, 1.55 g/t Ag, and 0.021% Mo (expansion), extending mineralization to a vertical depth of 1100 metres and again confirming continuity of mineralization in the core of the deposit.

    Drill hole 30-1111, located immediately west of Copper Mountain near the southern lip of the pit, intersected 304.5 metres (from surface) averaging 0.17% Cu and 0.80 g/t Ag followed by three more intersections that included expansion at depth of 206.3 metres averaging 0.33% Cu, 2.39 g/t Ag, and 0.016% Mo, extending mineralization in this area to a vertical depth of 936 metres. The central porphyry intrusion was then intersected and returned 76 metres averaging negligible copper (0.08% Cu) but significant molybdenum (0.023% Mo).

    Mineralization at Gaspé Copper is of porphyry copper/skarn type and occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. At least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier prograde skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedding-replacement mineralization, that is mostly stratigraphically controlled, dominates in the area of Needle Mountain, Needle East, and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain.

    The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization ( see May 6, 2024 MRE press release ). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category ( see November 14, 2024 MRE press release ).

    The current drill program is designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026.

    All holes are being drilled sub-vertically into the altered calcareous stratigraphy, which dips 20 to 25 degrees to the north. The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization.

    Table 2: Drill hole locations

    DDH No. Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation
    30-1103 0.00 -90.00 930.0 316056.0 5426038.0 634.7
    30-1106 0.00 -90.00 1131.0 316500.0 5426360.0 628.7
    30-1108 0.00 -90.00 960.00 315900.0 5426136.0 638.9
    30-1109 0.00 -90.00 861.00 316600.0 5426205.0 608.2
    30-1110 0.00 -90.00 1200.00 316077.0 5426355.0 742.7
    30-1111 0.00 -90.00 1014.00 315600.0 5426408.0 590.0

    Explanatory note regarding copper-equivalent grades

    Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, US$20.00/lb molybdenum, and US$24.00/oz silver; 3) estimated recoveries of 92%, 70%, and 70% for Cu, Mo, and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7%, and 75.0% for Cu, Mo, and Ag respectively.

    Qualified Person

    The scientific and technical content of this news release has been reviewed and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent ‘qualified person’ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’).

    Quality Assurance / Quality Control

    Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 20 metres or less are not reported unless indicating significantly higher grades . True widths are estimated at 90- 92% of the reported core length intervals.

    Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.’s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag.

    About Osisko Metals

    Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled ‘Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper’. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.

    In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals June 25, 2024 news release entitled ‘Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq’. The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometres of viable haul roads.

    For further information on this news release, visit www.osiskometals.com or contact:

    Don Njegovan, President
    Email: info@osiskometals.com
    Phone: (416) 500-4129

    Cautionary Statement on Forward-Looking Information

    This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘potential’, ‘feasibility’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company’s trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America.

    Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals’ issuer profile. 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.

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1435bbf7-6580-47e7-9906-c67a832e9456

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ffb2d0f5-e4f4-4672-8e6e-e41e07fc2f68

    News Provided by GlobeNewswire via QuoteMedia

    This post appeared first on investingnews.com

    The House voted Wednesday to advance a resolution honoring slain conservative activist Charlie Kirk, clearing the way for floor debate later this week.

    Lawmakers voted in favor of advancing the measure and a bill to avert a government shutdown in a joint mechanism known as a ‘rule vote.’

    The rule was adopted in a 216 to 210 vote along party lines. Rep. Thomas Massie, R-Ky., who is known to be opposing the federal funding bill, was the lone lawmaker from either side to vote ‘present.’

    Massie explained to Fox News Digital that he vehemently supports the Kirk resolution, but opposed an unrelated provision in the rule that blocks Congress’ ability from weighing in on tariff policy.

    ‘I’m a cosponsor of the Kirk resolution, and obviously I will vote for it, but shamefully they turned off Congress’s ability to vote on tariffs with this rule,’ Massie said.

    Rule votes are procedural hurdles that commonly tie together unrelated pieces of legislation that, if adopted, allow House lawmakers to debate each measure individually before respective votes. 

    The current rule’s adoption means House lawmakers could vote on the resolution to honor Kirk on either Thursday or Friday.

    A vote on the measure to avert a government shutdown – a short-term extension of current federal funding levels called a continuing resolution, or CR – is expected Friday morning.

    It is not surprising that no Democrats supported the rule’s adoption on Wednesday; rule votes traditionally fall along party lines and have rarely seen bipartisan crossover, even if the legislation they include has wide support from both Republicans and Democrats.

    And while Democrats are largely expected to buck the GOP-led government funding patch, the resolution to honor Kirk’s legacy is expected to get healthy bipartisan support.

    The Turning Point USA founder was assassinated last week during a college campus speaking event in Utah.

    The resolution to honor him, led by Speaker Mike Johnson, R-La., lauded Kirk as ‘one of the most prominent voices in America, engaging in respectful, civil discourse across college campuses, media platforms and national forums, always seeking to elevate truth, foster understanding and strengthen the Republic.’

    It also said Kirk’s ‘commitment to civil discussion and debate stood as a model for young Americans across the political spectrum, and he worked tirelessly to promote unity without compromising on conviction,’ and it called his killing ‘a sobering reminder of the growing threat posed by political extremism and hatred in our society.’

    Both Democrats and Republicans have released statements condemning political violence in the wake of Kirk’s killing.

    The latter measure that advanced on Wednesday evening, the CR, will keep government agencies funded at current levels through Nov. 21 of this year – if it’s passed by the House and Senate and signed into law by President Donald Trump.

    That bill includes a combined $88 million in added security funds for Congress, the judicial branch and the executive branch.

    Conversations about boosting lawmaker security, in particular, had been ongoing but took on new urgency after Kirk’s death.

    This post appeared first on FOX NEWS

    Sen. Adam Schiff, D-Calif., sharply criticized Kash Patel’s tenure as FBI director Wednesday, telling reporters that he viewed Patel’s leadership as deeply partisan and a ‘terrible tragedy’ for the nation’s sprawling law enforcement agency. 

    Speaking at a news conference alongside former House Speaker Nancy Pelosi, D-Calif., and other House Democrats, Schiff took umbrage at Patel’s testimony one day earlier before the Senate Judiciary Committee, which Schiff said further crystallized his concerns about politicization within the bureau.

    The FBI ‘has been the premier law enforcement agency in the country, and the world, because they’ve been constantly professional and non-partisan,’ Schiff said Wednesday, noting the close working relationship he had with FBI agents during the years he spent as a federal prosecutor. 

    ‘It is a terrible tragedy, I think, for the men and women of the bureau to have such poor leadership that is replacing expertise with incompetence, that is replacing non-partisanship with the most rabid partisanship,’ Schiff told Fox News Digital. ‘And this is not unrelated to why we’re here today.’

    His remarks come as Patel appeared on Capitol Hill Wednesday for a second day of testimony before the Senate and House Judiciary committees.

    Both hearings were marked by sharp lines of questioning from Democrats, who grilled Patel on issues ranging from a flurry of FBI firings, the bureau’s handling of the Epstein files and concerns of politicization, among many other topics.

    Schiff, in particular, pressed Patel on his tenure at the FBI, saying the bureau’s agents — mostly assigned to its 52 field offices across the country and loath to see their work politicized — wanted to know what, if any, marching orders Patel had received from President Donald Trump.

    The heated back-and-forth devolved into a shouting match between the two as Schiff pressed Patel repeatedly on the firings of FBI agents and whether those individuals were removed for political reasons.

    Patel, for his part, described Schiff as a ‘political buffoon.’ 

    Speaking to reporters Wednesday, Schiff said Patel’s appearance did little to assuage his broader fears of weaponization within the bureau.

    ‘You can’t have a vibrant democracy without the rule of law,’ he told Fox News Digital. ‘You can’t have the rule of law if you have a weaponized FBI and a weaponized Justice Department, and, sadly, that’s what we have here today,’ Schiff said.

    He also weighed in on Patel’s remarks yesterday on the Epstein files, another issue that sparked intense criticism from lawmakers, after Patel claimed Tuesday that there was ‘no credible evidence’ that Jeffrey Epstein was trafficking women other than for himself. 

    Schiff said it was a ‘startling claim,’ particularly from someone who had previously promoted the belief that Epstein maintained a vast client list of powerful people.

    ‘So, it was completely contradictory to everything he said in the past,’ he said. He also noted Patel’s ‘refusal’ to answer his questions on why Deputy Attorney General Todd Blanche declined to press Ghislaine Maxwell further on the Cabinet members she identified as being ‘close’ to Epstein or having a relationship with him during a two-day interview in July.

    ‘Blanche refused to ask who they were and just ignored her comment,’ Schiff added. 

    ‘And this is, again, the kind of incompetence we’re seeing,’ he said. ‘Incompetence is probably the most polite thing I can describe, but it certainly looks like a cover-up.’

    The Justice Department and FBI have struggled to quell the mounting public pressure on them to release more information related to the Epstein investigation, underscoring the story’s sticking power in a fast-moving news cycle and among Trump supporters, who have been some of the leading voices in demanding the information be released.

    This post appeared first on FOX NEWS

    Former Sen. Joe Manchin, I-W.Va., said he spoke more with President Donald Trump in the first two years of Trump’s term than with former President Barack Obama during Obama’s eight years in office.

    In his new book, ‘Dead Center: In Defense of Common Sense,’ released this week, Manchin outlined a cordial working relationship with Trump and a far chillier, less active back and forth with Obama.

    Manchin, who switched from the Democratic Party to become an Independent before retiring from the Senate last year, wrote that he considered Trump a fellow ‘outsider’ when he arrived in Washington, D.C., for his first term and lauded him as the ‘most engaged president I ever worked with’ since former President Bill Clinton.

    ‘From the start, President Trump had an open line of communication with me,’ he wrote. ‘I spoke to him more in the first two years of his presidency than I did to President Obama during all eight years of his time in office.’

    He noted, ‘If you want to have influence with Donald Trump, you have to be the last person he talks to about a topic,’ and said he would jokingly ask that the president ensure he was the last person he called.

    ‘He’d laugh, and we’d talk it out,’ he said.

    He recalled his 2018 election campaign in the wake of Trump’s dominant, 40-point win in the state. Trump told Manchin that he was being pressured to campaign against him and promised he wouldn’t. Ultimately, Trump visited the state five times, but Manchin still came out on top.

    He was later invited to the Oval Office to meet with Trump, where, in front of then-Vice President Mike Pence and Ivanka Trump, the president ‘blurted to his other guests, ‘I told you we couldn’t beat him,’’ Manchin wrote.

    Manchin’s relationship with the former president goes back to his time as governor of West Virginia, when Obama was still a senator. The two worked together on a coal deal in Illinois that had previously excluded West Virginia.

    During the 2008 election cycle, he said he invited both then-Sen. Hillary Clinton, D-N.Y., and Obama to come to West Virginia to campaign, but said Obama shook off the invitation and told him, ‘Let’s be honest with each other —­ my demographics don’t work well in your state.’

    ‘But he didn’t come, and that night belonged to Hillary,’ he wrote. ‘She made the most of her visit and won the primary by 41 points.’

    He said their relationship became even chillier when Obama launched his ‘war on coal’ with a push for green initiatives that targeted fossil fuels and states like West Virginia.

    Manchin argued that the Democratic Party had grown dismissive and lost touch with the working class as a means to reshape their agenda through a progressive lens. That led to a seismic shift in West Virginia’s political alignment, from Democratic to now largely Republican, he said.

    And in the process that began when Obama won in 2008, he said that rural states like his felt ‘overlooked and undervalued.’

    ‘But that’s exactly how Democrats handled West Virginia, and no one embodied that disconnect more than President Obama,’ he wrote.

    Fox News Digital reached out to Obama’s office and the White House for comment but did not immediately hear back. 

    This post appeared first on FOX NEWS

    I’m writing today about anger.

    And I’m ticked off about it.

    I actually think it’s America’s biggest problem right now. Half the country hates the other half of the country. And vice versa.

    There are online mobs ready to pounce on any available target. That could be loathsome human beings, like the remorseless madman who killed Charlie Kirk.

    Or it could be a deranged person at a lower level, like the crazed, screaming woman who stole a Phillies home run ball from a 10-year-old kid. Or the man who brought his assistant and side squeeze to a Coldplay concert and was outed by the Jumbotron — which turned more serious when both were fired.

    Can a country withstand so much rage?

    Passion is good. Railing at people you don’t know, not so much.

    The irony is that the vast majority of these people wouldn’t say such things to you on the street. Then they’d have to deal with your reaction. 

    But in the dark expanse of social media, they can spew all kinds of garbage, curse like sailors — especially if they’re hiding behind screen names. That should be punishable by the death penalty — okay, maybe I’m getting too worked up here.

    Some public figures harness anger as a political tool. In private, Donald Trump can be funny and charming. But his constant battles–with the media, law firms, universities, big cities, Democrats, judges, prosecutors, critics, adversaries, allies around the world–are fueled by his sense of grievance. Just read his Truth Social page.

    I first began covering Trump in New York in the 1980s, and he was the same way. He would pick fights with the likes of Leona Helmsley, knowing it made good copy.

    But I could also argue that without the contempt he has for people and institutions who stand in his way, the president wouldn’t be driven to accomplish all that he has in the past eight months.

    Elon Musk clearly has the same anger-management issue, having declared ‘the left’ to be ‘the party of murder.’ 

    So do such Democrats as Adam Schiff, who relentlessly hammered Kash Patel at a hearing this week, ‘You want the American people to believe that? Do you think they’re stupid?’ And so does the FBI director, ‘You are the biggest fraud to ever sit in the United States Senate, you are a disgrace to this institution, and an utter coward!’

    But we all know the game. In our echo-chamber world, you have to be harsher and angrier than the last person to break through the static and have your sound bite featured on cable or X or podcasts. So these institutions reward outrage, faux or otherwise.

    Silicon Valley giants make their money from engagement, and nothing fosters engagement like pissed-off people.

    The last few Democratic presidents haven’t been purveyors of anger. (putting aside what they’re like behind closed doors). Joe Biden was so secluded we barely heard from him–we now know why–and was a backslapper and conciliator. Barack Obama was all about the audacity of hope. Bill Clinton ran as a southern moderate against the ‘brain-dead’ politics of both parties.

    You have to go back to LBJ to find a Democrat who relished beating the crap out of others, based on his years of threats and arm-twisting as Senate majority leader. ‘Ah got Hubert’s pecker in my pocket,’ he would say, and other variations on that quote.

    He also said this about disloyal lawmakers: ‘I want him to kiss my ass in Macy’s window at high noon and tell me it smells like roses.’

    What has been truly sickening, in the wake of Charlie Kirk’s heartbreaking murder, are the sickos who flooded social media to celebrate his demise. 

    Professors, teachers, journalists and many others have been fired for such conduct, though they had no need to vent their fury online. They didn’t know Kirk. Who would want to employ someone so heartless that they don’t care about his wife, and the children, 3 and 1, who have to grow up without him?

    No wonder I’m angry. This is disgusting and pathetic.

    Perhaps it’s no coincidence that this is one of the most famous lines in movie history, delivered by the sweating, wild-eyed anchor played by Peter Finch: 

    ‘I’m mad as hell and I’m not going to take this anymore!’

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    The U.S. on Wednesday once again took aim at Iran and targeted its Axis of Resistance by designating four Iraq-based militias as Foreign Terrorist Organizations.

    According to the State Department, the groups identified were Harakat al-Nujaba, Kata’ib Sayyid al-Shuhada, Harakat Ansar Allah al-Awfiya and Kata’ib al-Imam Ali – all four of which were previously designated by the Department of Treasury as Specially Designated Global Terrorists (SDGT) in 2023. 

    ‘Iran-aligned militia groups have conducted attacks on the U.S. Embassy in Baghdad and bases hosting U.S. and Coalition forces, typically using front names or proxy groups to obfuscate their involvement,’ Secretary of State Marco Rubio said in the statement.

    According to the Foundation for the Defense of Democracies (FDD), the four groups are all backed by Iran and form the core of an umbrella organization known as the Islamic Resistance in Iraq (IRI), which gained prominence following the Hamas-led October 7, 2023, attack on Israel.

    The IRI is believed to be responsible for hundreds of attacks in Iraq, Syria and Jordan, and was behind the killing of three U.S. service members during a drone attack in January 2024 in Jordan. 

    ‘The Trump administration broke the taboo during term one when it proved it could name, shame, and punish Iran-backed militias in Iraq without the country devolving into civil war,’ Behnam Ben Taleblu, Iranian expert and senior director of the FDD’s Iran program, told Fox News Digital. ‘Now in term two the administration is upping the ante continuing a campaign of designations against the agents of influence and terror of Iran in Iraq.’

    The four terrorist groups also operate within the Popular Mobilization Forces, which is a coalition force of largely Shia groups that was formed to counter ISIS by the Iraqi government, but which is also strongly influenced by Iran. 

    ‘Tehran relies on these militias to literally have a state within a state in Iraq,’ Ben Taleblu said. ‘Sandwiching these and other Iran-backed terror groups between Treasury Department [Specially Designated Nationals and Blocked Persons] SDN listings and State Department [Foreign Terrorist Organizations] FTO listings, as the Trump administration previously did with their patron, the IRGC, in term one is the right approach.’

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    Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started 47 years ago citing a retreat from its campaigning spirit under parent company Unilever.

    Greenfield wrote in an open letter late Tuesday night — shared on X by his co-founder Ben Cohen — that he could no longer ‘in good conscience’ remain an employee of the company and said the company had been ‘silenced.’

    He said the company’s values and campaigning work on ‘peace, justice, and human rights’ allowed it to be ‘more than just an ice cream company’ and said the independence to pursue this was guaranteed when Anglo-Dutch packaged food giant Unilever bought the brand in 2000 for $326 million.

    Cohen’s statement didn’t mention Israel’s ongoing military operation in Gaza, but Ben & Jerry’s has been outspoken on the treatment of Palestinians for years and in 2021 withdrew sales from Israeli settlements in what it called ‘Occupied Palestinian Territory.’

    Greenfield’s resignation comes five months after Ben & Jerry’s filed a lawsuit accusing Unilever of firing its chief executive, David Stever, over his support for the brand’s political activism. In November last year Ben & Jerry’s filed another lawsuit accusing Unilever of silencing its public statements in support of Palestinian refugees.

    ‘It’s profoundly disappointing to come to the conclusion that that independence, the very basis of our sale to Unilever, is gone,’ Greenfield said.

    ‘And it’s happening at a time when our country’s current administration is attacking civil rights, voting rights, the rights of immigrants, women, and the LGBTQ community,’ he added.

    Jerry Greenfield, left, and Bennett Cohen, the founders of Ben and Jerry’s founders, in Burlington, Vt., in 1987.Toby Talbot / AP file

    Richard Goldstein, the then president of Unilever Foods North America, said in a statement after the sale in 2000 that Unilever was ‘in an ideal position to bring the Ben & Jerry’s brand, values and socially responsible message to consumers worldwide.’

    But now Greenfield claims Ben & Jerry’s ‘has been silenced, sidelined for fear of upsetting those in power.’ He said he would carry on campaigning on social justice issues outside the company.

    The financial performance of the Ben & Jerry’s brand isn’t made public but Unilever’s ice cream division made 8.3 billion Euros ($9.8 billion) in revenue in 2024. Unilever is in the process of spinning off its ice cream division, however, into a separate entity which involves cutting some 7,500 jobs across its brands globally.

    Cohen and Greenfield founded the business in 1978 in Burlington, Vermont, where it is still based.

    NBC News has contacted Unilever for comment overnight but had not received any at the time of publication.

    This post appeared first on NBC NEWS

    Investor Insight

    Green Technology Metals aims to build Ontario’s first integrated lithium business, developing two mining hubs and a downstream conversion facility to supply North America’s fast-growing EV and battery industry. The company’s approach is straightforward: bring Seymour into production, secure the downstream footprint at Thunder Bay with EcoPro, and then layer in Root as a long-life second feed. The plan is underpinned by offtake agreements, government funding and a management team with direct experience building lithium mines.

    Overview

    Green Technology Metals (ASX:GT1) is building Ontario, Canada’s first integrated lithium business, anchored by three upstream assets and a planned downstream conversion facility. The portfolio consists of the flagship Seymour project, the large-scale Root lithium project, and the Junior exploration project, which together provide a clear pipeline of feed into a proposed lithium hydroxide facility in Thunder Bay, Ontario.

    The company is actively leveraging Canadian policy support for critical minerals development and supporting a growing number of EV and battery manufacturers in Ontario. The province’s Building More Mines Act, alongside several federal programs, is creating a supportive funding environment for new projects. GT1 has already received conditional approval for C$5.5 million from the Critical Minerals Innovation Fund (CMIF) to support road and infrastructure upgrades at Seymour. In addition, the company has received a letter of intent for a C$100-million project financing support from Export Development Canada, and has pending applications with SIF/NRCan and CMIF Round 2, including a C$5-million submission tied to the Root project. These mechanisms substantially de-risk the financing path and provide tangible momentum toward development.

    The strategy is being executed in three phases. First, Seymour will be brought into production with a concentrator based on a dense media separation flowsheet, taking advantage of coarse spodumene mineralogy and proven metallurgical performance. Second, GT1 will construct the Thunder Bay lithium conversion facility in partnership with EcoPro Innovation, replicating proven hydrometallurgical technology to produce battery-grade lithium hydroxide. Finally, Root will be developed as the company’s second, larger mining hub, designed to provide long-life scale and additional feed into the Thunder Bay facility.

    Pilot processing of 600 kg of Seymour concentrate produced exceptional overall recoveries averaging >94 percent.

    Strategic partnerships reinforce this integrated model. LG Energy Solution has secured a binding offtake for a portion of Seymour’s concentrate production and has invested directly into GT1, providing early validation of the project’s place in the EV supply chain. EcoPro Innovation, as the company’s technical partner on the Thunder Bay facility, has already piloted Seymour concentrate into high-purity lithium hydroxide.

    Company Highlights

    • Integrated strategy in Ontario: The Seymour and Root projects form the foundation for a vertically integrated lithium business, supported by a proposed lithium hydroxide plant in Thunder Bay, Ontario, with rail, port, power, gas and water access.
    • Marketing and offtake secured: LG Energy Solution has a binding offtake for 25 percent of Seymour concentrate and has invested directly into the company, demonstrating strong downstream demand.
    • Strategic process partner: EcoPro Innovation is co-developing the conversion facility. Pilot work has already produced battery-grade lithium hydroxide with high recoveries.
    • Government backing: GT1 has secured conditional approval for significant funding programs, including C$5.5 million for road upgrades, a C$100 million project financing support LOI from EDC, and additional CMIF and SIF applications.
    • Resource base: A combined inventory of over 30 Mt @ ~1.2 percent lithium oxide across Seymour and Root, providing both near-term production and long-life scale.
    • By-product upside: Seymour hosts a significant rubidium resource in mica streams that could be recovered alongside lithium, creating an additional revenue line.

    Key Projects

    Seymour Lithium Project

    The Seymour lithium project, near Armstrong, Ontario, contains a total resource of 10.3 million tonnes (Mt) @ 1.03 percent lithium oxide, including 6.1 Mt indicated @ 1.25 percent lithium oxide. Mineralization is hosted in the North and South Aubry pegmatites, which remain open along strike and at depth. An optimized preliminary economic assessment (PEA) demonstrated strong project economics based on a DMS-only concentrator producing 130 ktpa. Key numbers include a C1 cash cost of US$680/t, an after-tax NPV of US$251 million, an IRR of 33 percent, and a three-and-a-half-year payback.

    The project benefits from existing road and rail access, low strip ratios, and simple metallurgy with coarse spodumene that responds well to dense medium separation (DMS). Mining leases were granted in August 2025, the environmental assessment submission has been lodged, and the closure plan is nearing completion.

    An offtake agreement with LG Energy Solution secures sales for 25 percent of initial concentrate production. Seymour also includes a maiden rubidium resource (8.3 Mt @ 0.27 percent rubidium oxide, with a 3.4 Mt high-grade core at 0.40 percent), which can be recovered from mica streams already separated in the flow sheet, creating potential for a by-product circuit.

    Thunder Bay Lithium Conversion Facility

    GT1 and EcoPro Innovation are developing a lithium hydroxide monohydrate facility in Thunder Bay. The selected site is fully serviced with rail access, 44 kV power, municipal water and gas, and port facilities. The plant will replicate EcoPro’s operating hydromet trains, with two parallel ~13 ktpa back-end lines designed to scale with Seymour and Root concentrate supply.

    Pilot-scale processing of 600 kg of Seymour concentrate at EcoPro’s Pohang facility achieved battery-grade lithium hydroxide, meeting downstream specifications with >94 percent overall recovery. This demonstration significantly de-risks the conversion step and supports ongoing financing discussions with Invest Ontario, SIF and EDC. The project is being advanced through PFS-level engineering, with permitting and JV structuring underway.

    Root Lithium Project

    Located in Northwestern Ontario, Root is GT1’s scale project, hosting 14.6 Mt @ 1.21 percent lithium oxide (10.0 Mt Indicated @ 1.32 percent). The April 2025 optimized PEA outlined a combined open-pit and underground mining scenario producing ~213 ktpa. The project carries a C1 cost of ~US$677/t, an after-tax NPV of US$668 million, an IRR of 53.5 percent, and a three-year payback.

    Root enjoys outstanding infrastructure advantages: road and rail access, proximity to port, and most critically, grid hydro power delivered by the Watay transmission line, reducing both operating costs and upfront capex for power infrastructure. Drilling has confirmed stacked pegmatite bodies that remain open along strike and down dip, leaving scope for significant resource expansion. A bulk sample has been completed, with further testwork and pilot runs at EcoPro planned. Permitting is in its early stages, with a PFS targeted for 2026 and potential construction by late 2027.

    Junior Lithium Project

    The Junior project is located near Seymour and contains three drill-ready targets. Its proximity to the planned Seymour concentrator makes it a strategic satellite project, with the potential to extend Seymour’s mine life and provide incremental feed. Drilling is expected to test these targets in upcoming campaigns, potentially increasing the overall feed available for the Seymour hub.

    Management Team

    John Young – Non-executive Chairman

    John Young co-founded Pilbara Minerals and played a key role in transforming it into a multi-billion-dollar lithium producer. His background as a geologist spans more than three decades, with significant contributions across discovery, development and financing of lithium and gold projects. At GT1, Young provides strategic oversight and proven operational expertise to scale a lithium developer into a fully integrated producer.

    Cameron Henry – Managing Director

    Cameron Henry was appointed managing director in June 2024, stepping up from his earlier role as executive director. A founder and substantial shareholder of GT1, Henry has over 20 years’ experience in minerals processing and project delivery. Prior to GT1, he built Primero Group into a respected global leader in lithium infrastructure EPC, successfully executing major projects in Australia and globally. His role is to drive Seymour into production and to lead the execution of the Thunder Bay downstream strategy.

    Patrick Murphy – Non-executive Director

    Patrick Murphy brings nearly two decades of experience in resource sector investment and deal-making. He has held senior positions at Macquarie and AMCI Group, with expertise in capital deployment, project financing and strategic partnerships. His presence on GT1’s board ensures strong connectivity to the financial community and a disciplined approach to structuring project funding.

    Robin Longley – Non-executive Director

    With more than 30 years of experience in exploration and project evaluation, Robin Longley is a seasoned geologist who has led successful exploration and development programs across lithium, gold and other critical minerals in Australia, Canada and Africa. His practical technical knowledge and management experience strengthen GT1’s ability to evaluate and expand its Ontario portfolio.

    Han Seung Cho – Non-executive Director

    Representing EcoPro Innovation, Han Seung Cho serves as a direct link between GT1 and its strategic partner on the Thunder Bay conversion facility. As general manager of EcoPro’s strategic business team, he brings decades of experience in lithium procurement, downstream offtake structuring, and project development for LHM plants. His position ensures that GT1’s downstream ambitions remain closely aligned with end-user requirements in the battery sector.

    This post appeared first on investingnews.com

    Laramide Resources (TSX:LAM,ASX:LAM,OTCQX:LMRXF) announced that it has identified multiple target areas for a 15,000 meter drill program at its Chu-Sarysu project in Kazakhstan.

    Uranium remains the company’s primary focus, but the asset is also prospective for rare earths and copper.

    “This inaugural exploration program for Laramide in Kazakhstan is targeting high-grade, large-scale uranium deposits, amenable to cost-efficient and environmentally responsible in-situ recovery mining, and within a district that already hosts infrastructure and producing operations, which provides clear cost advantages,” said President and CEO Marc Henderson in a press release shared on Monday (September 15).

    Situated in the Suzak District of the South Kazakhstan Oblast, Chu-Sarysu is located in one of Kazakhstan’s main uranium-producing basins. The country accounted for almost 40 percent of global U3O8 production in 2024, with the Chu-Sarsyu and neighboring Syr Darya basins contributing over 75 percent of the nation’s output.

    Chu-Sasryu is Laramide’s only asset outside the US and Australia, and forms part of Laramide’s three year option agreement to acquire shares of Kazakh company Aral Resources. The agreement closed in December 2024, and Laramide has the option to acquire all of Aral’s shares and gain full ownership of the project.

    As part of its efforts, Laramide has compiled a large dataset from Kazakhstan’s state National Geological Services with assistance from local geological contractors over the past year.

    “We have found the Kazakhstan Government to be supportive of mineral exploration with policies that encourage foreign investment and streamline permitting,” Henderson added. “This creates a favourable environment for advancing new discoveries that can ultimately contribute to the growing global demand for nuclear fuel.”

    Laramide submitted the required exploration work plans to Kazakhstan’s Ministry of Industry and Construction this year, and the remaining permits for drilling are currently being finalized.

    Phase 1 of drilling is expected to begin toward the end of 2025.

    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