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Biden ‘Politburo’ member Steve Ricchetti to appear before House investigators in Comer cover-up probe

Politics 3 Mins Read

Longtime Democratic operative Steve Ricchetti is appearing before House investigators on Wednesday, the seventh former White House aide to be summoned for Oversight Committee Chairman James Comer’s probe.

Ricchetti most recently served as counselor to President Joe Biden during the vast majority of the Biden White House’s four-year term.

He’s now expected to sit down with House Oversight Committee staff for a closed-door transcribed interview that could last several hours.

Comer, R-Ky., is investigating whether Biden’s top White House aides concealed signs of mental decline in the president, and if that meant executive actions were signed via autopen without his knowledge.

Ricchetti first began working for Biden in 2012, when he was appointed as counselor to the vice president during the Obama administration. He was soon promoted to Biden’s chief of staff in late 2013.

Ricchetti, who made a living as both a lobbyist and a Democratic insider, chaired Biden’s 2020 presidential campaign as well.

The committee’s interest in him, however, lies in his alleged key role in managing the White House while aides reportedly worked to obscure signs of the president’s mental decline.

‘As Counselor to former President Biden, you served as one of his closest advisors. According to a report, you were part of a group of insiders who implemented a strategy to minimize ‘the president’s age-related struggles,’’ Comer wrote to Ricchetti in June, referencing a Wall Street Journal report.

‘The scope and details of that strategy cannot go without investigation. If White House staff carried out a strategy lasting months or even years to hide the chief executive’s condition—or to perform his duties—Congress may need to consider a legislative response.’

Axios reporter Alex Thompson, who co-wrote ‘Original Sin’ with CNN host Jake Tapper about Biden’s cognitive decline and his aides’ alleged attempts to cover it up, told PBS program Washington Week earlier this year that Ricchetti was part of a small group of insiders that some dubbed Biden’s ‘Politburo.’

He also played a key role in Biden’s legislative agenda, most notably as one of the Democratic negotiators working with then-House Speaker Kevin McCarthy, R-Calif., to avoid a full-blown fiscal crisis over the U.S. national debt in early 2023.

It comes after another close former aide, former White House Chief of Staff Ronald Klain, appeared before investigators for his own transcribed interview last week.

Like Klain, Ricchetti is appearing on voluntary terms—the fourth former Biden aide to do so.

Three of the previous six Biden administration officials who appeared before the House Oversight Committee did so under subpoena. Former White House physician Kevin O’Connor, as well as former advisers Annie Tomasini and Anthony Bernal, all pleaded the Fifth Amendment during their compulsory sit-downs.

But the three voluntary transcribed interviews that have occurred so far have lasted more than five hours, as staff for both Democrats and Republicans take turns in rounds of questioning.

This post appeared first on FOX NEWS

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Politics

Trump looks to skip G20 summit in South Africa after viral Oval Office meeting

Politics 2 Mins Read

President Donald Trump said on Tuesday he may skip the G20 summit in South Africa in November over the nation’s ‘very bad policies,’ and instead send someone else to represent the United States.

Trump made the remarks aboard Air Force One in response to a reporter’s question as he returned from a trip to Scotland, where the president achieved a massive trade deal with the European Union.

‘I think maybe I’ll send somebody else because I’ve had a lot of problems with South Africa,’ Trump said. ‘They have some very bad policies.’

‘Very, very bad policies, like policies where people are being killed,’ Trump added.

In May, Trump confronted South African President Cyril Ramaphosa at the White House with news clippings and a video allegedly showing grave treatment of White farmers.

Trump has claimed that White Afrikaner South African farmers are being slaughtered and forced off their land. The Afrikaners are descendants of mostly Dutch settlers who first arrived in South Africa in 1652. 

South Africa and its president have denied claims of genocide and harassment. 

Secretary of State Marco Rubio already boycotted a G20 foreign ministers’ meeting in South Africa earlier this year over the government’s controversial land seizure policy.

Both the Trump and former Biden administrations have also criticized South Africa after the nation accused Israel of genocide in Gaza and brought a case to the International Court of Justice.

Fox News Digital’s Greg Norman contributed to this report.

This post appeared first on FOX NEWS

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Business

Union Pacific to buy Norfolk in $85 billion mega U.S. railroad deal

Business 4 Mins Read

July 29 (Reuters) – Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85-billion deal to create the country’s first coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the U.S.

If approved, the deal would be the largest-ever buyout in the sector and combine Union Pacific‘s stronghold in the western two-thirds of the United States with Norfolk’s 19,500-mile network that primarily spans 22 eastern states.

The two railroads are expected to have a combined enterprise value of $250 billion and would unlock about $2.75 billion in annualized synergies, the companies said.

The $320 per share price implies a premium of 18.6% for Norfolk from its close on July 17, when reports of the merger first emerged.

The companies said on Thursday they were in advanced discussions for a possible merger.

The deal will face lengthy regulatory scrutiny amid union concerns over potential rate increases, service disruptions and job losses. The 1996 merger of Union Pacific and Southern Pacific had temporarily led to severe congestion and delays across the Southwest.

The deal reflects a shift in antitrust enforcement under U.S. President Donald Trump’s administration. Executive orders aimed at removing barriers to consolidation have opened the door to mergers that were previously considered unlikely.

A Norfolk Southern freight train passes through Homestead, Pa.Gene J. Puskar / AP file

Surface Transportation Board Chairman Patrick Fuchs, appointed in January, has advocated for faster preliminary reviews and a more flexible approach to merger conditions.

Even under an expedited process, the review could take from 19 to 22 months, according to a person involved in the discussions.

Major railroad unions have long opposed consolidation, arguing that such mergers threaten jobs and risk disrupting rail service.

“We will weigh in with the STB (regulator) and with the Trump administration in every way possible,” said Jeremy Ferguson, president of the SMART-TD union‘s transport division, after the two companies said they were in advanced talks last week.

“This merger is not good for labor, the rail shipper/customer or the public at large,” he said.

The companies said they expect to file their application with the STB within six months.

The SMART-TD union‘s transport division is North America’s largest railroad operating union with more than 1,800 railroad yardmasters.

The North American rail industry has been grappling with volatile freight volumes, rising labor and fuel costs and growing pressure from shippers over service reliability, factors that could further complicate the merger.

Union Pacific‘s shares were down about 1.3%, while Norfolk fell about 3%.

The proposed deal had also prompted competitors BNSF, owned by Berkshire Hathaway BRKa.N, and CSX CSX.O, to explore merger options, people familiar with the matter said.

Agents at the STB are already conducting preparatory work, anticipating they could soon receive not just one, but two megamerger proposals, a person close to the discussions told Reuters on Thursday.

If both mergers are approved, the number of Class I railroads in North America would shrink to four from six, consolidating major freight routes and boosting pricing power for the industry.

The last major deal in the industry was the $31-billion merger of Canadian Pacific CP.TO and Kansas City Southern that created the first and only single-line rail network connecting Canada, the U.S. and Mexico.

That deal, finalized in 2023, faced heavy regulatory resistance over fears it would curb competition, cut jobs and disrupt service, but was ultimately approved.

Union Pacific is valued at nearly $136 billion, while Norfolk Southern has a market capitalization of about $65 billion, according to data from LSEG.

(Reuters reporting by Shivansh Tiwary and Sabrina Valle, additional reporting by Abhinav Parmar, Nathan Gomes and Mariam Sunny; Reuters editing by Sriraj Kalluvila, Pooja Desai, Dawn Kopecki and Cynthia Osterma)

This post appeared first on NBC NEWS

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Investing

Nickel Price Update: Q2 2025 in Review

Investing 9 Mins Read

After spiking above US$20,000 per metric ton in May 2024, nickel prices have experienced a downward trend, mainly remaining in the US$15,000 to US$16,000 range.

Indonesia’s elevated production levels have been a primary factor contributing to low commodity prices, as sustained high output continues to oversupply the market. The supply surplus has had a knock-on effect, putting pressure on Western producers who have been forced to slash their production to maintain profitability.

Elevated output coincides with electric vehicle (EV) demand, which is under threat as market uptake has slowed, and policy changes in the United States are expected to increase costs for consumers and lower sentiment for the vehicles.

Nickel sinks to 2020 lows

Commodity prices crashed at the start of the quarter, with nickel falling to a five-year low, reaching US$14,150 per metric ton on April 8. However, prices quickly recovered from the rout and reached US$15,880 on April 24.

The end of April saw the price once again retreat to US$15,230 as downward trend indications began to take hold. The price through May was largely rangebound, starting the month rising to US$15,850 on May 9 before collapsing again to US$15,085 on May 27.

Nickel price chart, April 01 to July 24, 2025

via TradingEconomics

June started with a short-lived rebound to US$15,510 on June 2, before falling to below the US$15,000 mark to reach US$14,840 on June 24. Since then, the price experienced some upward momentum, reaching US$15,575 on July 23.

Supply surplus causing price pressures

In a presentation at the Indonesian Mining Conference on June 30, Ricardo Ferreira, Director of Market Research and Statistics at the International Nickel Study Group (INSG) outlined the current state of the nickel market.

He suggested that high output from Indonesian miners continued to exert downward price pressures on nickel over the last several years, resulting in a decline from an average price of US$30,425 per metric ton in 2022 to an average of US$15,000 per metric ton during the first five months of 2025.

Meanwhile, combined inventories on the London Metals Exchange (LME) and the Shanghai Futures Exchange (SHFE) have exploded from 38,200 metric tons at the end of May 2023 to 230,600 metric tons at the end of April 2025.

This coincides with a 15.1 percent increase in global nickel production in 2023 and a 2.3 percent increase in 2024. The expectation is that nickel output will surge an additional 8.5 percent in 2025, with a significant portion to come from Indonesia, whose share is forecast to grow to 63.4 percent from 61.6 percent in the previous year.

The demand outlook

However, demand has not kept pace with the increase in production. Ferreira stated that demand increased by 7.8 percent in 2023, 4.8 percent in 2024, and is expected to grow by 5.7 percent in 2025.

Stainless steel has been the primary driver of nickel demand for decades. Still, Olivier Masson, Principal Analyst for Battery Raw Materials at Fastmarkets, predicts a changing demand landscape over the next couple of years.

During his CAM Minerals Market Forecast at the Fastmarkets LBRM Las Vegas conference on June 22 to 25, Masson provided insight into why he believes the current oversupply situation will begin to shift by 2027.

Currently, nickel’s primary demand driver is in the production of stainless steel, accounting for just over 2 million metric tons per year. However, the expectation is that between now and 2035, total demand for nickel will increase by 2 million tons, with stainless production accounting for just 564,000 metric tons. A compound annual growth rate (CAGR) of 2 percent.

“We expect to see more end-of-life scrap being generated within China, and then that should start slowing down the growth requirements for primary nickel in the Chinese stainless-steel industry,” Masson explained.

The remaining demand is predicted to come from a 12.8 percent, or 1.4 million metric ton, increase from the EV sector.

“Most of this growth will come from pure EV, so pure battery electric vehicles, where we expect sales growth of over 30 million vehicles… But we still expect an increase in plug-in hybrids with an additional 11.5 million vehicle sales over the next decade,” Masson said.

He went on to say that over that time, supply is expected to grow at a slower rate, with the majority owed to increases in nickel sulphate destined for battery manufacturing.

“So what does that mean for the balance for the nickel market? Well, the nickel market has been oversupplied for the past couple of years. We expect that to continue this year and for the next few years. So we are in a state of structural oversupply. That said, its only by around 2027 or 2028 that we think the market will start to return to a semblance of Balance,” Masson explained

In the long term, he stated that an additional 750,000 metric tons will be needed by 2035, which he doesn’t see as a significant problem.

Production curtailments continue

With the market currently experiencing a supply glut, more producers have taken to curtailing production or shuttering operations.

Since 2024, there have been closures of significant operations, including First Quantum’s (TSX:FM,OTC:FQVLF) Ravensthorpe and Panoramic Resources’ Savannah operations in Australia and Glencore’s (LSE:GLEN,OTC Pink:GLCNF,OTC:GLCNF) Koniambo Nickel mine in New Caledonia.

Likewise, Refiners have also been under pressure as BHP (ASX:BHP,NYSE:BHP,LSE:BHP,OTC:BHPLF) suspended operations at its Nickel West refinery in Australia until 2027, and Sibanye Stillwater (NYSE:SBSW) repurposed its Sandouville nickel refinery in France to produce precursor cathode active material during the first half of 2025.

According to INSG data, 32 percent of global nickel production lines are currently offline.

One of the few companies to buck the trend was Vale (NYSE:VALE), which announced a 44 percent year-over-year increase in nickel production in its Q2 2025 report released on July 22. The report indicated that nickel output rose to 40,300 metric tons from 27,900 during the same quarter last year. The company said gains were driven by strong performance from its Canadian assets and the Onca Puma mine in Brazil.

While there was some speculation that Indonesia may reduce its output, no cuts have materialized, which has in part led Australian investment bank Macquarie to downgrade its nickel outlook to US$14,500 per metric ton by the end of the year, from the US$15,500 it predicted at the end of Q1.

The impact of trade uncertainty

Base metals were caught up as part of the fallout from Donald Trump’s “Liberation Day” announcement on April 2. The move applied a 10 percent across-the-board baseline tariff to all but a handful of countries and threatened to impose more significant retaliatory tariffs starting on April 9.

However, a steep US$6.6 trillion sell-off in equity markets and a squeeze in the bond market that sent yields for 10-year Treasuries up more than half a percent caused the US administration to walk back its plans. Instead, it announced a 90-day pause on the higher tariff rate and stated that it would work to negotiate new trade agreements.

The commodity price rout came as more analysts began to speculate about a recession later in 2025, which would reduce consumer spending on steel-dependent goods, such as light vehicles and new home builds.

In statements made during S&P Global’s State of the Market: Mining Q1’ 25 webinar on May 14, Naditha Manubag, Associate Research Analyst of Metals and Mining Research, suggested that nickel is likely to experience headwinds from the evolving trade policy in the United States.

“We expect nickel prices to remain volatile in the near term as the Trump administration’s trade policies continue to evolve. Forecast for 2025 global primary nickel demand is lowered to 2.8 percent year-over-year due to the expected slowdown in global economic activity,” she said.

Manubag said the slowdown would have a negative impact on demand for Chinese consumer goods, which would come alongside a rising Indonesian mining quota in 2025. Although prices spiked in March, she explained that it was due to tight supplies from the rainy season and increased royalty rates.

Manubag suggested that S&P’s overall expectation is that the nickel market will be in a surplus of 198,000 metric tons in 2025. As a result, the organization has lowered its nickel price forecast to US$15,730 per metric ton.

It’s more than just US tariffs that are expected to weigh on nickel prices in the short term. When Donald Trump signed the “One Big Beautiful” spending bill into law on July 4, it marked an end to the federal EV tax credit and other tax credits aimed at expanding charging infrastructure, a cornerstone of the Inflation Reduction Act.

The consumer credit was meant to provide a US$7,500 rebate toward the purchase of new EVs, and is expected to have an impact on overall demand when it expires on September 30.

Although the majority of nickel’s demand comes from the production of stainless steel, the growing demand from EV battery production has provided additional tailwinds; however, a decline in EV demand could impact future demand growth.

“If and when this bill is passed, a slowdown of EV uptake is expected to lead to higher EV prices and slower rollout of charging infrastructure,” Manubag said.

The big picture for investors

Currently, the easiest way to sum up the nickel market is that it’s widely disliked. The fundamentals aren’t there. A significant portion of nickel is being produced at a loss.

“You know, nickel is hated right now. I think there’s a decent case for nickel, just like when we went into platinum, right? Platinum did nothing for a decade; it just hung around US$900 to US$1,000, and now we’ve finally broken out… You have no idea when, but buy it when it’s boring. At US$900, no one cares, and then you get to ride the wave up. So I think that would be it. Pay attention to what’s unloved and hated and buy that,” he said.

Others in the investment community have expressed a similar sentiment. Although fundamentals for nickel are currently lacklustre, demand, especially from the automotive sector, is expected to grow over the next 10 years.

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

This post appeared first on investingnews.com

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Investing

Peter Grandich: Copper, Uranium in “Perfect Storm,” My Strategy Now

Investing 1 Min Read

‘The uranium story itself is finally getting better… the near perfect storm is here.’ he said, noting that all the factors that should drive electrical demand higher are merging, particularly electrification and AI data center needs.

‘I don’t think uranium has to go to US$200 in order to make money,” said Grandich. I just think it needs to go back to where it was a couple years ago, a little above US$100 and these stocks will quadruple.’

Watch the interview above for more from Grandich on the energy sector and gold’s 2025 performance.

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

This post appeared first on investingnews.com

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Investing

Top 5 Junior Copper Stocks on the TSXV in 2025

Investing 10 Mins Read

The copper price climbed to a record high of US$5.64 per pound on the COMEX during the second quarter of 2025.

The price rise comes on the back of escalating trade tensions and economic chaos from the United States’ new tariff policy.

While copper was initially spared from tariffs at the start of the year, US President Donald Trump announced the US would be imposing a 50 percent tariff on all copper products entering the US. The announcement sparked speculative buying by US metals traders, who sought to position themselves ahead of the yet-to-be-announced tariff deadline.

How has this affected small-cap copper-focused companies on the TSX Venture Exchange? Read on to learn about the five best-performing junior copper stocks since the start of 2025.

Data for this article was gathered on July 17, 2025, using TradingView’s stock screener, and copper companies with market caps of over C$10 million at that time were considered.

1. Camino Minerals (TSXV:COR)

Year-to-date gain: 655.56 percent
Market cap: C$13.5 million
Share price: C$0.34

Camino Minerals is a copper exploration and development company with a portfolio of projects in South America.

Among its primary focuses since the start of the year is the construction-ready Puquois copper project in Chile, a 50/50 joint venture with Nittetsu Mining (TSE:1515). The partners jointly acquired Cuprum Resources, the project’s owner, through a October 2024 definitive agreement that was completed on April 17, and are now focused on project financing.

Prior to the closing of the acquisition, the partners completed a prefeasibility study for the project in Chile on March 17.

The study results demonstrate a post-tax net present value of US$118 million, with an internal rate of return of 23.4 percent and a payback period of 3.1 years at a fixed copper price of US$4.28. It also outlines all-in sustaining costs of US$2.00 per pound for the 14.2 year mine life.

In addition to the economic details, the included mineral resource estimate shows a measured and indicated resource of 149,000 metric tons of copper from 32.16 million metric tons of ore grading 0.46 percent copper.

Camino also owns the Los Chapitos project, located near the coastal town of Chala, Peru, which covers approximately 22,000 hectares and hosts near-surface mineralization. Nittetsu Mining has an earn-in agreement for the project through which it can earn a 35 percent interest in the project for a total investment of C$10 million over three years.

Camino announced on January 22 that it had initiated a discovery exploration program at Los Chapitos, with work funded by Nittetsu. The company said the program would consist of 11 holes and 1,200 meters of drilling along the La Estancia fault, focusing on newly identified copper breccias and mantos to determine their extension at depth.

Camino released results from the program on May 6, reporting continuity of mineralization at depth at the Pampero prospect, with a 0.5 meter interval found 157.6 meters downhole grading an average of 0.5 percent copper and 3.15 grams per metric ton (g/t) silver. The company also reported that rock chip samples at the prospect graded up to 3.8 percent copper and 4 g/t silver.

The company has continued its exploration efforts at Los Chapitos, with another fully funded campaign running from June 1 to November 30. On July 16, it reported trench results from the newly identified Mirador zone, including 1.07 percent copper over 90 meters, with a 4 meter section grading 3.05 percent copper.

Shares of Camino reached a year-to-date high of C$0.34 on July 16.

2. Finlay Minerals (TSXV:FYL)

Year-to-date gain: 425 percent
Market cap: C$15.84 million
Share price: C$0.105

Finlay Minerals is an exploration company with a portfolio of five projects in British Columbia, Canada.

In 2025, the company has largely focused on its ATTY and PIL projects, which cover 3,875 hectares and 13,374 hectares respectively in BC’s Toodoggone mining district. The region is known for copper-molybdenum-gold porphyry deposits and gold-silver epithermal deposits.

Finlay’s shares rose sharply early in the year after Amarc Resources announced the significant AuRORA discovery at its JOY property, located just south of the PIL project in the same porphyry corridor as PIL and ATTY. On January 20, shortly after the discovery, Finlay announced it would be renewing its focus on its PIL project’s PIL South target, which lies approximately 750 meters from AuRORA.

One month later, Finlay reported it had outlined numerous copper targets at both the PIL and ATTY properties after reviewing geological data, and was planning its 2025 exploration program at PIL to delineate drill targets.

Shares surged in Q2 after Finlay announced on April 17 that it had entered into an earn-in agreement with Freeport McMoRan for PIL and ATTY. Under the terms of the agreement, Freeport can earn an 80 percent stake in the properties through a total of C$35 million in exploration expenditures and C$4.1 million in cash payments over the next six years.

In an update on June 18, Finlay reported that it had begun its exploration programs at both properties, fully funded by Freeport. At both properties, exploration will include property-wide airborne magnetic surveys, and induced polarization geophysical surveys. It will also include detailed geological and alteration mapping, along with rock and soil sampling, on up to eight targets at PIL and three targets at ATTY.

The most recent news came on July 17, when Finlay announced it had increased the exploration program budget for PIL to C$2.6 million from C$750,000 and the budget for ATTY to C$1 million from C$500,000. The company stated that the additional funding will be utilized to identify and prioritize as many targets as possible for drilling in 2026.

3. King Copper Discovery (TSXV:KCP)

Year-to-date gain: 420 percent
Market cap: C$52.92 million
Share price: C$0.26

King Copper Discovery is a copper, silver and gold explorer that is developing a portfolio of projects in South America. The company changed its name from Turmalina Metals in March.

Its primary focus is the Colquemayo project in Moquegua, Peru. In July 2024, King Copper entered into an option agreement with Compania de Minas Buenaventura (NYSE:BVM) to wholly acquire the property.

The company has been relogging the historic drill core from the site. The 6,600 hectare site has seen more than 20,000 meters of historic core drilling and hosts multiple porphyry targets that have been identified but had gone untested. Highlighted drill samples show results of 2.4 percent copper and 10 grams per metric ton (g/t) silver over 237.3 meters, including 14.8 percent copper and 47 g/t silver over 31.3 meters.

In a broad corporate update on February 12, the company said it was intensifying its focus on the project and rebranding from Turmalina to reflect that. Additionally, it hired Insideo, a Lima-based environmental consulting firm, to help advance baseline studies and the drill permit process. Additionally, CEO Roger James stepped down, maintaining a seat on the board, and was replaced by Jonathan Richards as interim CEO.

On March 11, the company began trading under its new name and ticker.

The company has not provided any updates from its projects in the second quarter of the year, but shares have traded higher alongside a rising copper price. On July 15, it released an updated corporate presentation with plans for a 15,000 meter drill program in Q4 testing porphyry systems at the site with holes over 1,000 meters deep.

Shares of King Copper reached a year-to-date high of C$0.26 on July 16.

4. Amarc Resources (TSXV:AHR)

Year-to-date gain: 251.22 percent
Market cap: C$166 million
Share price: C$0.72

Amarc Resources is a copper exploration company primarily focused on advancing its JOY district in Northern British Columbia.

The 495 square kilometer property lies within the Toodoggone region and hosts the AuRORA prospect.

Shares in Amarc surged early in the year after it announced the discovery of AuRORA on January 17. In the release, it outlined the high-grade potential of the deposit, highlighting an assay of 0.63 percent copper over 162 meters, including an 81 meter intersection grading 0.92 percent copper, from near surface depths.

The exploration program was funded as part of a May 2021 earn-in agreement with Freeport McMoran that could see Freeport earn a 70 percent stake in the project once funding milestones are met.

Amarc provided more drill assays from its 2024 program on February 28. One assay graded 0.63 percent copper over 132 meters, including 0.81 percent over a 90 meter segment.

On February 11, Amarc agreed to acquire the Brenda property, which lies directly to the east of the AuRORA discovery, from Canasil Resources. Under the terms of the deal, Amarc has the option to acquire a 100 percent interest in Brenda over five years. Canasil will retain a 2 percent net smelter return.

The most recent news from JOY came on July 16, when the company announced it commenced drilling at targets including the AuRORA and PINE deposits and the Twins and Canyon discoveries. The announcement also reported the expansion of the JOY district through Freeport’s options on Finlay’s PIL property.

In addition to exploration at JOY, Amarc also released assay results from its 2024 exploration at its IKE copper-gold project in Southern British Columbia on May 14. The company reported copper grades of 0.29 percent copper over 181 meters, including an intersection with 0.56 percent copper over 60 meters.

Shares in Armac reached a year-to-date high of C$0.77 on July 4.

5. C3 Metals (TSXV:CCCM)

Year-to-date gain: 233.33 percent
Market cap: C$74.91 million
Share price: C$0.80

C3 Metals is an exploration company working to advance its assets in Jamaica and Peru.

C3’s primary Jamaican asset is the Bellas Gate project, a 13,020 hectare site featuring 14 porphyry and over 30 epithermal prospects along an 18 kilometer strike. To date, drilling at the site has concentrated on a 4 kilometer zone encompassing the Provost, Geo Hill, Camel Hill and Connors prospects.

Shares of C3 experienced significant gains after it announced on February 11 that it had signed an earn-in agreement with a Freeport-McMoRan subsidiary, which can gain up to a 75 percent interest in the project. Under the agreement, Freeport must contribute US$25 million in exploration and project expenditures over five years to earn the initial 51 percent interest, and an additional US$50 million over the following four years for the remaining 24 percent.

In Peru, C3 has focused on advancing its Jasperoide copper-gold project. The site in Southern Peru spans 30,000 hectares and hosts two porphyry and more than 15 skarn prospects across two 28 kilometer belts.

According to a July 2023 technical report, a resource estimate outlines a measured and indicated resource of 51.94 million metric tons of ore with an average grade of 0.5 percent copper and 0.2 g/t gold for contained metal totaling 569.1 million pounds of copper and 326,800 ounces of gold.

C3 released an exploration update from its Khaleesi copper-gold project area in Jasperoide on February 19, reporting that a soil sampling campaign defined a copper-molybdenum anomaly extending 1,900 meters by up 650 meters. Two zones contain average concentrations of 950 parts per million copper and 650 ppm of copper.

The company said it is working to complete geophysical surveys by the end of March and will use the data to implement a maiden diamond drill program at the target. It closed a US$11.5 million bought-deal private placement on March 19 that will be used in part for exploration and development at the Khaleesi target.

The company has not provided further updates on the project.

Shares of C3 reached a year-to-date high of C$0.80 on July 17.

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

This post appeared first on investingnews.com

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Politics

Senate confirms Trump pick to lead independent Nuclear Regulatory Commission

Politics 4 Mins Read

The Senate confirmed its first nominee of the week ahead of what is expected to be a jam-packed schedule to ram through as many of President Donald Trump’s picks as possible.

David A. Wright, Trump’s pick to lead the Nuclear Regulatory Commission (NRC) for a five-year term, was confirmed in the upper chamber on a 50to 39 vote on Monday. It’s not Wright’s first time as chair of the commission, having first served in the role beginning in 2020.

Trump had previously tapped Wright during his first term, and again selected him to lead the NRC earlier this year. His new term is set to end in 2030.

The NRC is an independent regulatory agency tasked with regulating commercial nuclear power plants, reactor licensing and renewal and other elements related to protecting public health and safety when it comes to nuclear energy. Wright’s confirmation comes on the heels of Trump’s announcement that the U.S. and European Union were entering a trade deal that would see the bloc purchase $750 billion of U.S. energy over the next three years. 

While the commission is independent from other arms of the government, Senate Democrats have balked at recent attempts to make the regulatory body, in their view, more partisan.

Earlier this year, Trump signed an executive order that demanded the agency consider making its safety standards less stringent, shortening the timelines for environmental reviews and a quadrupling of the nation’s nuclear power capacity by 2050: all part of the president’s quest to ensure America’s energy dominance. 

Senate Environment and Public Works Committee Chair Shelley Moore Capito, R-W.V., argued that over the last seven years that Wright has been a part of the commission, first as a commissioner beginning in 2018 and then as chair, he would fulfill the president’s wishes. 

‘Achieving this will require experienced and highly qualified Commissioners who are empowered to lead the Agency through a period of high expectations,’ she said in a statement. ‘Well, David Wright meets that mark.’

Then Trump fired a Democratic member of the commission last month, and a staffer from the president’s Department of Government Efficiency (DOGE) was reportedly detailed from the Department of Energy to the regulatory agency.  

That prompted Sen. Sheldon Whitehouse, the top Democrat on the Senate Environment and Public Works Committee, to warn of a ‘hostile takeover’ of the commission by the Energy Department.

The move hurt what began as bipartisan support for Wright’s nomination — Whitehouse initially backed him but changed his position.

‘I hoped to see Chairman Wright rise to the occasion, but circumstances right now at the NRC continue to deteriorate,’ he said in a statement. ‘I cannot presently support his renomination.’

Still, Wright’s confirmation is a win for both Senate Republicans and the White House after Trump called on the Senate GOP to ram his nominees through blockades set up by Senate Democrats.

There are now over 140 pending ‘civilian’ nominations for positions across the gauntlet of federal agencies, ambassadorships and judgeships. The Senate has moved at a blistering clip over the last six months to confirm nominees—they’ve clocked nearly 100 so far — the president has called on Senate Republicans to consider canceling the forthcoming August break to get more done. 

Senate Majority Leader John Thune, R-S.D., warned that if his colleagues across the aisle continued to slow walk the process in the upper chamber for the slew of remaining ‘uncontroversial’ nominees, or be prepared to stick around Washington. 

‘Or they can rein in their reflexive anti-Trump sentiment and allow some of his rank-and-file nominees to proceed by unanimous consent or voice vote — just as Republicans did when the roles were reversed,’ he said. ‘And I’d remind my colleagues about the dangerous and ugly precedent that they’re setting here. But the choice is theirs. But whether it’s the slow way or the fast way, we’re getting President Trump’s nominees confirmed.’

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Bondi DOJ files complaint alleging misconduct by Federal Judge James Boasberg

Politics 6 Mins Read

The Department of Justice has filed an official complaint alleging misconduct by US District Court Chief Judge James Boasberg. Fox News has reviewed the complaint which was written by Attorney General Pam Bondi’s Chief of Staff Chad Mizelle and addressed to the Chief Judge of the United States Court of Appeals for the District of Columbia Circuit, Sri Srinivasan.

Fox News has learned that the complaint was written and filed at the direction of Attorney General Pam Bondi.

‘The Department of Justice respectfully submits this complaint alleging misconduct by U.S. District Court Chief Judge James E. Boasberg for making improper public comments about President Donald J. Trump to the Chief Justice of the United States and other federal judges that have undermined the integrity and impartiality of the judiciary,’ says Mr. Mizelle.

Judge Boasberg is presiding over a high-profile case involving the deportation of several migrants to El Salvador and has talked about holding DOJ lawyers in contempt because of his assertion that his order to turn airborne planes around was not followed. President Trump has also made critical comments about Judge Boasberg.

The complaint details two occasions on which Judge Boasberg made comments the Justice Department alleges undermine the integrity and impartiality of the judiciary.

‘On March 11, 2025, Judge Boasberg attended a session of the Judicial Conference of the United States, which exists to discuss administrative matters like budgets, security, and facilities. While there, Judge Boasberg attempted to improperly influence Chief Justice Roberts and roughly two dozen other federal judges by straying from the traditional topics to express his belief that the Trump Administration would ‘disregard rulings of federal courts’ and trigger ‘a constitutional crisis.’ Although his comments would be inappropriate even if they had some basis, they were even worse because Judge Boasberg had no basis—the Trump Administration has always complied with all court orders. Nor did Judge Boasberg identify any purported violations of court orders to justify his unprecedented predictions.’

‘Within days of those statements, Judge Boasberg began acting on his preconceived belief that the Trump Administration would not follow court orders. First, although he lacked authority to do so, he issued a temporary restraining order preventing the Government from removing violent Tren de Aragua terrorists, which the Supreme Court summarily vacated.

Taken together, Judge Boasberg’s words and deeds violate Canons of the Code of Conduct for United States Judges, and, erode public confidence in judicial neutrality, and warrant a formal investigation.’ 

The DOJ is asking Chief Judge Srinivasan to refer the complaint to a special investigative committee as an inquiry is essential to determine whether Judge Boasberg’s conduct constitutes ‘conduct prejudicial to the effective and expeditious administration of the business of the courts.’ The complaint also asks that Judge Boasberg be taken off the case involving Venezuelan migrants who were deported to El Salvador, ‘to prevent further erosion of public confidence while the investigation proceeds.’

The case in question is J.G.G. v Trump.

This is the second time the Bondi DOJ has filed an official complaint against a federal judge. In late February, the DOJ filed a complaint about US District Judge Ana Reyes, concerning what the DOJ calls Judge Reyes’ ‘misconduct’ during the proceedings in Nicolas Talbott et al. v. Donald J. Trump et al., which is a case brought by two LGBTQ groups challenging the Trump Administration’s Executive Orders barring transgender individuals from serving in the US military.

News of the complaint comes at a time when the Trump administration has excoriated dozens of so-called ‘activist’ judges who have blocked or paused some of Trump’s sweeping executive orders from taking force in his second White House term.

Judge Boasberg in particular found himself at the center of Trump’s ire and attacks on so-called ‘activist’ judges this year, following his March 15 temporary restraining order that sought to block Trump’s use of the Alien Enemies Act to quickly deport hundreds of Venezuelan nationals to El Salvador.

Boasberg had ordered all planes bound for El Salvador to be ‘immediately’ returned to U.S. soil, which did not happen.

His emergency order touched off a complex legal saga that ultimately spawned dozens of federal court challenges across the country – though the one brought before his court on March 15 was the very first – and later prompted the Supreme Court to rule, on two separate occasions, that the hurried removals had violated migrants’ due process protections under the U.S. Constitution.

Boasberg, as a result, emerged as the man at the center of the legal fallout. 

Trump administration officials have repeatedly excoriated Boasberg both for his order and his attempt to determine whether they acted in good faith to comply with his orders, and Trump himself has floated the idea that Boasberg could be impeached earlier this year – prompting Supreme Court Chief Justice John Roberts to issue a rare public warning. 

The complaint, focused on months-old behavior and allegations surrounding Judge Boasberg— first tapped as a judge by then-President George W. Bush in 2002, comes at a time when he could again have a say in a major class action case brought by lawyers representing the former CECOT migrants. 

Lawyers for the ACLU and others in the class asked Judge Boasberg earlier this month to reopen discovery in the case, citing allegations from a United Nations report regarding custodial status of migrants at CECOT, and the recent decision to remove the 252 migrants sent from the U.S. to El Salvador to Venezuela under the prisoner exchange.

Asked at a status hearing in court last week whether the Justice Department would comply with the court’s orders, DOJ lawyer Tiberius Davis said they would, ‘if it was a lawful order.’

They also said they would likely seek an appeal from a higher court.

In April, Judge Boasberg also ruled that the court had found ‘probable cause’ to hold the Trump administration in contempt for failing to return the planes to U.S. soil, in accordance with his March 15 emergency order, and said the court had determined that the Trump administration demonstrated a ‘willful disregard’ for his order.

The U.S. Court of Appeals for the D.C. Circuit stayed his original motion in April, and has yet to move on the matter.

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