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OpenAI is facing mounting backlash after striking a controversial agreement with the Pentagon to deploy its artificial intelligence (AI) systems across US national security operations.

The most immediate internal consequence came from the departure of Caitlin Kalinowski, a senior leader who previously headed OpenAI’s robotics division.

Kalinowski announced her resignation on social media over the weekend (March 7), saying the company moved too quickly on an agreement that raises serious questions about surveillance and autonomous weapons.

“This wasn’t an easy call,” Kalinowski wrote in a post on X. “AI has an important role in national security. But surveillance of Americans without judicial oversight and lethal autonomy without human authorization are lines that deserved more deliberation than they got. This was about principle, not people.”

Kalinowski also said she believed the agreement with the Pentagon had been rushed without clear governance safeguards.

“It’s a governance concern first and foremost,” she said. “These are too important for deals or announcements to be rushed.”

OpenAI confirmed her departure but defended the agreement, saying the contract contains safeguards governing how its technology may be used.

“We recognize that people have strong views about these issues and we will continue to engage in discussion with employees, government, civil society and communities around the world,” the company added.

Deal deepens AI industry divide

Prior to the deal, the Pentagon had already been negotiating with Anthropic, the developer of the Claude chatbot, over a similar partnership.

However, Anthropic CEO Dario Amodei refused to allow the company’s technology to be used for domestic mass surveillance or military attacks conducted without human input.

The standoff ultimately collapsed, prompting President Donald Trump to order federal agencies to stop using Anthropic technology. The Defense Department later designated the company a “supply chain risk,” a label typically applied to entities tied to foreign adversaries.

OpenAI then stepped in to sign its own agreement with the Pentagon.

The contract allows OpenAI models to be deployed in classified environments while maintaining several restrictions. The company said its systems cannot be used for mass domestic surveillance, autonomous weapons systems or high-stakes automated decision-making without human oversight.

The agreement also includes a “cloud-only” deployment architecture, which OpenAI says prevents its models from being used directly in autonomous weapons operating on physical devices. Engineers with security clearances will remain involved in the deployment process, and the company said it retains control over its safety systems.

Still, critics argue that the agreement opens the door to a much deeper integration of artificial intelligence into US military operations.

The controversy also further intensified as the US and Israel launched military strikes against Iran shortly after the agreement was finalized.

Consumer backlash

Shortly after the agreement was announced, downloads of Anthropic’s Claude chatbot surged while uninstallations of OpenAI’s ChatGPT spiked sharply.

Data cited by Sensor Tower showed ChatGPT uninstallations rising more than 295 percent on February 28, the day after the deal was made public.

Within days, Claude had climbed to the top spot among free apps on Apple’s (NASDAQ:AAPL) US App Store, overtaking ChatGPT. It also became the most downloaded productivity app on the platform.

The backlash has extended beyond digital platforms. Activists gathered outside OpenAI’s headquarters in San Francisco, launching what they described as a “QuitGPT” protest campaign against the company.

Lawmakers move to intervene

California Democratic Representative Sam Liccardo introduced an amendment to the Defense Production Act aimed at preventing the Pentagon from retaliating against companies that impose safety restrictions on high-risk technologies.

Liccardo argued that firms developing powerful AI systems should have a say in how their technology is deployed.

“Full disclosure: I am a Claude subscriber, though I can’t claim to have used it to create any homicidal bots,” Liccardo said during a House Financial Services Committee meeting.

“Regardless, when the company that designs and builds the jet fighter tells us when to use the brakes, we should listen. Instead, the Pentagon’s bureaucrats and lawyers believe they know better. They think they can fly the plane without brakes.”

The amendment ultimately failed on a 16-25 vote.

Altman acknowledges missteps

Facing mounting criticism, OpenAI CEO Sam Altman has sought to repair the company’s reputation by publicly acknowledging that the process of announcing the Pentagon agreement had been flawed.

“The process was definitely rushed, and the optics don’t look good,” Altman wrote on X shortly after the backlash began.

In a follow-up internal memo shared publicly, Altman also said OpenAI had revised the contract language to include clearer prohibitions against domestic surveillance using “commercially acquired” personal data.

He also reiterated that OpenAI’s models cannot be used to direct autonomous weapons systems and said the company’s engineers and safety researchers would remain directly involved in overseeing how the technology is deployed.

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

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In a little over a year, the United States has carried out dozens of airstrikes on vessels in the Caribbean tied to alleged narco-trafficking networks, launched sustained operations against Houthi forces in the Red Sea, captured Venezuelan President Nicolás Maduro, struck Iranian nuclear facilities and now embarked on an extended military campaign aimed at degrading Tehran’s missile, drone and command infrastructure.

The tempo marks one of the most assertive stretches of American force projection in recent years, spanning Latin America, the Middle East and critical maritime corridors.

For War Secretary Pete Hegseth, it also represents a striking turn. 

Just before the 2024 presidential election, he described himself as a ‘recovering neocon,’ expressing regret over his support for Iraq-era interventionism and warning against open-ended wars. 

Several analysts say the defining feature of the administration’s approach may be less about ideological evolution and more about alignment and execution.

‘Unlike in Trump one, everyone in Trump’s cabinet now — Hegseth, Rubio, etc. — understands that the president is the boss,’ said Matthew Kroenig, a defense strategist at the Atlantic Council. ‘In Trump 1.0 you had some Cabinet officials who thought their job was to save the Republic from Trump, the so-called adults in the room. And so I think it’s pretty clear the president wanted to go in this direction, and I think Hegseth sees himself as supporting the president’s vision.’

‘Validation of … leadership’ 

That cohesion has coincided with a pattern of risk-taking. 

Several of the administration’s most consequential military moves, from Venezuela to the Houthis to the current Iran campaign, carried the potential for escalation.

Some strategists say the relative absence of early blowback from those interventions may have reinforced the administration’s willingness to escalate into the Iranian theater. 

‘I’m not sure I would have advised this,’ Kroenig said of the Iran operation. ‘It is pretty risky, but it’s going well so far.’ 

Iranian missile launches have declined in volume. Regional allies have not broken ranks. 

Whether that constitutes strategic success, however, depends on the metric.

Justin Fulcher, a former Pentagon adviser to Hegseth, argued the early phases of the campaign reflect what he described as a ‘return to strategic clarity.’

‘Deterrence is only credible when our allies actually believe that if President Trump says something, we will back it up,’ Fulcher said. ‘This is a validation of Secretary Hegseth and President Trump’s leadership.’

Hegseth, a former Army officer who served in both Iraq and Afghanistan, has argued that the current campaign bears little resemblance to those conflicts.

‘This is not Iraq. This is not endless. I was there for both,’ Hegseth said at a press conference in early March. ‘Our generation knows better and so does this president.’

In a separate interview, he added, ‘This is not a remaking of Iranian society from an American perspective. We tried that. The American people have rejected that.’

Danielle Pletka, a senior fellow at the right-leaning American Enterprise Institute think tank, said the campaign has unfolded largely as expected.

‘I think things have gone reasonably well,’ Pletka said, pointing to degraded air defenses and what she described as repeated miscalculations by Iran. ‘All they’ve really done is made everybody quite mad, and that was a really bad calculation on their part.’

At the same time, she cautioned against interpreting the administration’s actions as part of a fixed doctrine.

‘I don’t think that it is doctrinal,’ Pletka said. ‘I think this is ad hoc.’

Some longtime Trump supporters have said the current conflict is not what they expected from Trump, who campaigned on ending wars and ‘America First.’

‘It feels like the worst betrayal this time because it comes from the very man and the admin who we all believed was different and said no more,’ Rep. Marjorie Taylor Greene, R-Ga., wrote on X. ‘Instead, we get a war with Iran on behalf of Israel that will succeed in regime in Iran. Another foreign war for foreign people for foreign regime change. For what?’ 

In Pletka’s view, the president has shown a pattern of attempting diplomacy first and shifting to force only when he concludes negotiations are unserious. She argues that posture distinguishes the current moment from past interventions.

She also emphasized that much of the operational credit belongs to the professional military.

‘The planning behind this is credit to the U.S. military and to the CENTCOM commander and to the Chairman of the Joint Chiefs,’ she said.

‘Success and precision’ 

That distinction complicates efforts to attribute the current posture solely to Hegseth’s personal worldview. While the defense secretary has become a public face of the administration’s deterrence messaging, the execution of high-tempo campaigns rests heavily with career military leadership. 

Some critics argue the administration has yet to clearly articulate an end state for the Iran campaign.

‘Pete Hegseth needs to check with his boss on what the objective is,’ former national security advisor John Bolton recently said on CNN. ‘How does Hegseth explain that we’ve already changed the regime, which wasn’t our objective? I think the Pentagon top leadership, civilian top leadership, needs some attitude adjustment. I think the military’s doing fine, but I wonder about the civilian leadership.’

The White House pushed back forcefully on criticism of the campaign. 

Anna Kelly, a White House spokesperson, said Monday that Hegseth ‘is doing an incredible job leading the Department of War,’ pointing to what she described as the ‘ongoing success of Operation Epic Fury’ and other missions. 

Kelly said Iranian retaliatory attacks ‘have declined by 90 percent because the Department of War is destroying Iran’s ballistic missile capabilities,’ and added that Hegseth works ‘in lockstep with President Trump every day’ to ensure the U.S. military ‘continues to be the greatest, most powerful fighting force in the world.’

The Pentagon echoed that assessment. 

‘Operation Epic Fury continues to advance with overwhelming success and precision,’ Chief Pentagon Spokesman Sean Parnell said, describing a ‘resolute, full-spectrum campaign’ aimed at the ‘total dismantlement of Iran’s terrorist network or its unconditional surrender.’

Others see the moment in broader historical terms.

Peter Doran, a foreign policy analyst, described the campaign as a potential attempt to ‘end a 47-year war’ waged by the Islamic Republic against the United States, but on Washington’s terms.

‘This is a clear effort to end a 47-year war that Iran has been waging against the United States,’ Doran said.

He argued that visible American military performance could reverberate beyond the Middle East, particularly in Beijing.

‘They look good,’ Doran said of U.S. forces. ‘That will serve, I hope, as a disincentive for adventurism.’

If the operation ultimately succeeds in significantly degrading Iran’s military infrastructure, Doran argued, it could reshape the Middle East and expand diplomatic opportunities such as broader Arab-Israeli normalization.

‘It changes everything in the Middle East,’ he said.

Yet even supporters acknowledge that long-term effects remain uncertain. In Venezuela, Maduro’s removal marked a dramatic shift in U.S. policy, but the governing apparatus he built remains largely intact. 

Degrading missile stockpiles and drone infrastructure in Iran may buy time, but whether it produces durable deterrence or simply postpones reconstitution remains to be seen.

For now, the administration’s willingness to take calculated risks and its ability to avoid immediate escalation have reinforced the perception of restored American assertiveness. Whether that assertiveness translates into lasting strategic gains will likely define Hegseth’s tenure far more than the rhetoric that preceded it.

Hegseth and the Pentagon did not respond to requests for comment. 

This post appeared first on FOX NEWS

‘Think of Mojtaba Khamenei as his father on steroids.’

That is how Kasra Aarabi, director of Islamic Revolutionary Guard Corps research at the advocacy group United Against Nuclear Iran, described Iran’s new supreme leader in comments to Fox News Digital following reports that the son of Ayatollah Ali Khamenei has been selected to lead the Islamic Republic.

‘Mojtaba was already operating as a ‘mini supreme leader’ in the Bayt-e Rahbari — his father’s office and the core nucleus of power in the regime,’ Aarabi said.

‘His father had created the Bayt’s extensive apparatus as a hidden power structure to ensure continuity should he be eliminated — and through Mojtaba’s appointment, this is exactly what we will get,’ Aarabi said.

President Donald Trump also reacted to Mojtaba Khamenei’s rise. In an interview with the New York Post, Trump said he was ‘not happy with’ the younger Khamenei replacing his father as leader of Iran’s theocratic system but declined to elaborate on how the United States might respond. ‘Not going to tell you,’ Trump said when asked about his plans regarding the new supreme leader. ‘Not going to tell you. I’m not happy with him.’

An Iranian source with knowledge of the leadership transition told Fox News Digital that earlier speculation Mojtaba might pursue reforms now appears unlikely given the circumstances surrounding his appointment.

‘Previously there were whispers suggesting that if Mojtaba were to become the leader, he might introduce reforms that would both open up the domestic political space and bring a more interactive approach to foreign policy,’ the source said.

‘However, now this possibility seems very weak.’

Mojtaba was chosen ‘amid disputes, controversies, and pressure from the IRGC,’ according to the source, meaning he ‘owes his appointment to their support and therefore cannot act against their wishes.’

Built inside Iran’s security state

Mojtaba Khamenei, 56, has spent decades building influence inside the power structures surrounding Iran’s supreme leader.

Born in 1969 in Mashhad, he pursued clerical studies in Tehran, Iran, after the 1979 Islamic Revolution that brought his father to prominence. Over time, however, analysts say his influence developed less through traditional clerical authority and more through Iran’s security institutions.

In 2019, the United States sanctioned Mojtaba under Executive Order 13867. The U.S. Treasury Department said he had been ‘representing the supreme leader in an official capacity despite never being elected or appointed to a government position aside from work in the office of his father.’

Behnam Ben Taleblu, senior director of the Foundation for Defense of Democracies’ Iran Program, said Mojtaba’s background reflects a broader shift inside the Islamic Republic.

‘Despite donning a turban, Mojtaba is the product of the regime’s national security deep state,’ Ben Taleblu told Fox News Digital. ‘Expect him to work with and through the IRGC to keep his hold on power.’

Aarabi said Mojtaba has spent years consolidating influence behind the scenes.

‘His past tells us he enjoys micromanaging every aspect of authority to satisfy his thirst for power,’ Aarabi said, describing how Mojtaba allegedly relocated IRGC command centers to his office during protests, engineered election outcomes and installed loyalists across state institutions.

Since 2019, Aarabi added, Mojtaba has also been implementing what he described as his father’s effort to ‘purify’ the regime by promoting ideological loyalists across the political system.

‘Mojtaba is a deeply antisemitic, anti-American, and anti-Western ideologue,’ Aarabi said. ‘He has personally been involved in repression in Iran and terror plots abroad.’

Analysts see harder line ahead

Analysts say Mojtaba’s rise may further strengthen the role of Iran’s security institutions.

‘The rise of the younger Khamenei expedites trendlines seen in Iranian politics and national security for years,’ Ben Taleblu said. ‘From one Khamenei to another, things in Iran can be expected to go from bad to worse if this regime survives.’

‘And like the elder Khamenei, corruption runs in the family,’ he added.

Ben Taleblu warned that the regime may also escalate tensions externally as a survival strategy.

‘The regime knows it is weak, but believes it can extract a price and widen a crisis in order to survive,’ he said.

For opposition groups inside Iran, the leadership transition signals continuity rather than reform.

‘He’s the son of Khamenei and they have same ideology and they same strategy and they try to continue the same policy,’ said Khalid Azizi, spokesperson for the Kurdistan Democratic Party of Iran.

‘So far it’s very difficult to say what he will be done and is he going to have a different policy? I don’t expect this.’

The Iranian source who spoke with Fox News Digital said that while engagement with the United States and the West is theoretically possible in the future, the chances remain slim.

‘As I mentioned,’ the source said, ‘this possibility is very weak.’

‘In short,’ Aarabi said, ‘Mojtaba is his father on steroids. He’s certainly no MBS.’

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Fathom Nickel Inc. (CSE: FNI,OTC:FNICF) (FSE: 6Q5) (OTCQB: FNICF) (‘Fathom’, or the ‘Company’) is pleased to announce that the winter drill program at the Gochager Lake project commenced late in the day of March 6, 2026. Drilling is expected to continue into the first or second week of April, dependent upon prevailing winter conditions.

Ian Fraser, Fathom CEO and VP Exploration stated, ‘Our field crews worked very hard over the course of the past two months to ensure the trail and ice conditions were safe to transport the diamond drill and ancillary equipment to site for the start of this program. With the winter trail now in place, we will eliminate our reliance on helicopter support, resulting in an expected 30% to 35% reduction in total drilling cost per meter. This increased cost efficiency will allow us to drill more meters and, ultimately, more holes in comparison to historical, heli-supported drill programs. This drill program is now well underway, and we look forward to testing along strike of the historic Gochager Lake deposit for more Gochager-like mineralization.’

The Company is fully funded to complete the proposed drill program of up to 4,000 meters. In the event that the full drill program is not completed before spring break-up in mid-April, we intend to return to Gochager in late May/early June to complete the full 3,000-to-4,000-meter program.

Qualified Person and Data Verification

Ian Fraser, P.Geo., CEO, VP Exploration and a Director of the Company and the ‘qualified person’ as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of the Company.

About Fathom Nickel Inc.

Fathom is an exploration company that is targeting magmatic nickel sulphide discoveries to secure the supply of North American Critical Minerals and to support the global green energy transition. The Company now has a portfolio of three high-quality exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan:

1) The Albert Lake Project, a 90,000+ hectare project that hosts the historic Rottenstone Mine1. Fathom exploration to date at the Albert Lake project confirms:

  • The high-grade Ni-Cu-Co+3E1 Rottenstone deposit mineralization extends to the south a minimum 40m and remains open.
  • The Rottenstone deposit is potentially offset and continues within the footwall of a prominent fault defined by drilling.
  • A new Rottenstone-like discovery (similar host rock, and similar mineralization) by drilling 500-550m W-NW of the historic mine; the 300+m Bay Island Trend, remains open along strike.
  • Similar Rottenstone-like host rock and mineralization intersected by drilling approximately 1.5km S-SW of the historic mine (the Nic5-Tremblay-Olson area).

2) The 33,000+ hectare Gochager Lake Project that hosts the historic Gochager Lake deposit2. Fathom exploration to date at the Gochager Lake project confirms:

  • Vertical extension of Ni-Cu-Co mineralization a minimum of 150m below the historic Gochager Lake deposit interpreted boundary, and very good potential for expansion of mineralization in all directions.
  • Multiple high-grade vertically oriented Ni-Cu-Co sulphide breccia mineralization zones and chutes occur within the historic deposit, and the zones, chutes remain open for further expansion and delineation in all directions.
  • Surface mapping and rock geochemistry has confirmed the Gochager Lake deposit host/container rock extends 3.5+ km along strike east-northeast of the deposit.
  • Soil geochemistry has defined a favourable geochemical footprint, inclusive of the historic deposit, that now extends 8.6+ km.

3) The 10,000+ hectare Friesen Lake Project located 40km southwest of the historic Rottenstone Mine and 30km northwest of the historic Gochager Lake deposit.

The Friesen Lake property hosts the Olsen Cu-Ni-Pt Showing also referred to as the Friesen Lake Cu-Ni-Pt showing and is described as an ultramafic dyke that historic trenching and drilling demonstrates Cu-Ni-Pt-Pd and Au mineralization within the ultramafic dyke (Saskatchewan Mineral Deposit Index (SMID) #0928a). To date Fathom has not performed any exploration at the Friesen Lake Project.

1 – The Rottenstone Mine; a small open-pit mining / milling operation was in production 1965-1969. Mining in 1965 produced 5,500 short tons with a reported average production grade of 3.23% Ni, 1.83% Cu, 0.14 oz/ton Pt, 0.10 oz/ton Pd, 0.03 oz/ton Au (9.26 g/t*3E, 3E = Pd-Pt+Au) and 0.20 oz/ton Ag. Initial milling of mine concentrate; September 5 – November 7, 1965, produced 1,070 dry short tons of concentrate that averaged 10.83% Ni, 5.74% Cu, 0.33 oz/ton Pt, 0.53 oz/ton Pd, 0.10 oz/ ton Au (32.91 g/t* 3E) and 1.25 oz/ton Ag. Richards, B.R. and Robinson, B.G.W. (1966), Mining and milling a small ore deposit …. Rottenstone Mining Limited: The Canadian Mining and Metallurgical Bulleting for December 1966. The Saskatchewan Mineral Deposit Index (SMDI) #0958 reports final mine production in 1969 of 28,724 tons with an average grade of 3.28% Ni, 1.83% Cu and 9.63 g/t 3E and that approximately 9,000 tons of concentrate were sold to the International Nickel Company of Canada Limited. * A factor of 34.286 g/tonne was used to convert 1 oz/ton to g/tonne (g/t).

2 – The Gochager Lake property is host to the historic Gochager Lake Ni-Cu deposit. There is no source or available Technical Reports to verify the historic resource estimate for the Gochager Lake deposit; hence, Fathom will treat the historic estimate as an Exploration Target. Available records in the Saskatchewan Mineral Deposit Index (SMDI) and Saskatchewan Mineral Assessment Database (SMAD) suggest an Exploration Target of 4-5 million tons grading 0.3% Ni – 0.4% Ni and 0.08% Cu – 0.09% Cu. The potential quantity and grade are conceptual in nature, there has been insufficient exploration to define a mineral resource, and that it is uncertain if further exploration will result in the target being delineated as a mineral resource. At present, Fathom has drilled 16 drillholes (5,549m) into the historic Gochager Lake deposit and has confirmed Ni-Cu grades comparable to and higher than the historical grades reported, thus confirming that a deposit of Ni-Cu+Co metal accumulation does exist at the historic Gochager Lake deposit / property. The disclosed potential quantity and grade has been determined by historic records notably; the Saskatchewan Mineral Deposit Index and Saskatchewan Mineral Assessment Database. (SMDI #0880) reports delineation drilling outlined a deposit at the historic Gochager Lake Deposit; Steel, J.S. (1990), (SMAD 73P15-0091): Report on a Diamond Drilling Program on the Gallagher (Gochager) Lake Property of McNickel Inc., reported that Scurry-Rainbow Oil Ltd. constructed vertical sections and a longitudinal section from drill data collected 1966-1968, and an orebody with reasonably well-defined limits was interpreted. As stated above, the historic estimate is not well documented and there are no available Technical Reports to support the historic resource estimate(s).

For further information, please contact:

Ian Fraser, Chief Executive Officer & Vice-President Exploration
1-403-650-9760
Email: ifraser@fathomnickel.com

or

Doug Porter, President & CFO
1-403-870-4349
Email: dporter@fathomnickel.com

Forward-Looking Statements:

This news release contains ‘forward-looking statements’ that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘seek’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘suggest’, ‘indicate’ and other similar words or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements.’ Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company’s prospects, properties and business detailed elsewhere in the Company’s disclosure record. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward- looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances except in accordance with applicable securities laws. Actual events or results could differ materially from the Company’s expectations or projections.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287717

News Provided by TMX Newsfile via QuoteMedia

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The top Senate Democrat wants President Donald Trump to tap the nation’s oil stockpile as fuel prices skyrocket, years after blocking his attempt to replenish the supply when prices were low.

Senate Minority Leader Chuck Schumer, D-N.Y., called on Trump to unleash reserve barrels of oil from America’s Strategic Petroleum Reserve (SPR) as oil prices spike amid the ongoing conflict in the Middle East.

Schumer argued in a statement that the reserve ‘exists for moments exactly like this.’

‘When wars and global crises disrupt energy markets, the United States has the ability to act, but President Trump and his administration are refusing to do so,’ Schumer said. ‘Trump should release oil from the SPR now to stabilize markets, bring prices down, and stop the price shock that American families are already feeling thanks to his reckless war.’

During his first term, Trump wanted to use about $3 billion from a colossal COVID-19 stimulus package making its way through Congress to fill the reserve, but the move was promptly rejected by Schumer and congressional Democrats, who panned it as a ‘bailout’ for the oil industry.

The price per barrel at the time was roughly $29, according to WTI Crude Oil. Now, oil has eclipsed $110 per barrel over the weekend for the first time since 2022.

Though the SPR has capacity for over 700 million barrels of crude oil, the reserve currently has far less.

That’s because under former President Joe Biden, it was tapped twice — once to relieve soaring fuel prices as the nation still grappled with the economic fallout from the COVID-19 pandemic, and another time to combat increased energy costs at the onset of the war between Russia and Ukraine.

At the end of Biden’s term, the reserve had about 415 million barrels of crude on hand, according to data from the Department of Energy. Schumer supported both instances when Biden opened the nation’s oil reserves but, years prior, blocked Trump from building up the stockpile toward the end of his first term.

‘Senator Schumer championed Joe Biden’s Green New Scam, which raised energy costs, threatened our national security, and stifled American energy independence,’ White House spokeswoman Taylor Rogers told Fox News Digital in a statement. ‘President Trump has been unleashing American energy dominance since day one, and now, American oil and gas production is at record highs.’ 

Schumer lauded Biden’s first move to tap into the SPR in 2021, arguing that it provided ‘much-needed temporary relief at the pump.’

‘Of course, the only long-term solution to rising gas prices is to continue our march to eliminate our dependence on fossil fuels and create a robust green energy economy,’ he said at the time.

And toward the end of Biden’s presidency, his administration did buy back barrels of oil to refill the reserves, which Schumer did not object to. 

Fast-forward, and the price per barrel of oil has launched into the stratosphere since Trump’s Operation Epic Fury and Iran’s response to put the Strait of Hormuz — a key route ferrying barrels around the globe — into a chokehold.

For now, the administration has no public plans to tap into the reserve as Americans undergo sticker shock at the pump.

Energy Secretary Chris Wright argued that the best way to lower prices was to reopen the Strait of Hormuz by neutralizing Iran’s ability to target oil tankers.

Wright told Fox News over the weekend that the disruption would last for ‘weeks, certainly not months.’

‘We believe this is a small price to pay to get to a world where energy prices will return back to where they were,’ Wright said. ‘Iran will finally be defanged, and now you can see more investment, more free flow of trade, and less ability to threaten energy supplies.’

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West High Yield Resources Ltd. (TSXV: WHY,OTC:WHYRF) (the ‘Company’ or ‘West High Yield’) is pleased to announce that it has received a draft access permit (the ‘Draft Permit’) from the British Columbia Ministry of Transportation and Transit (the ‘MOTT’) for highway access associated with the Company’s Record Ridge Industrial Mineral Mine project (the ‘RRIMM Project’) located near Rossland, British Columbia.

The Draft Permit outlines the proposed framework for controlled RRIMM Project access from the provincial highway system, including the Cascade Highway corridor. This represents another key regulatory step forward as the Company advances the RRIMM Project following the issuance of its Mines Act permit from the British Columbia Ministry of Mines on October 20, 2025.

Highway access is a critical infrastructure component for the RRIMM Project, supporting construction mobilization, transportation logistics, and future mining operations. The Company will now work with the MOTT to finalize permit conditions, including final engineering design, traffic safety measures, and operational parameters required for project access.

The receipt of the Draft Permit further strengthens the RRIMM Project’s position as one of the most advanced permitted magnesium projects under development in North America, at a time when governments across Canada and the United States are prioritizing the development of domestic critical minerals supply chains.

Magnesium is recognized as a strategic material essential to automotive lightweighting, aerospace manufacturing, defense applications, and advanced industrial alloys. Global supply is currently highly concentrated outside North America, creating increasing urgency for the development of secure, domestic sources of magnesium and related critical materials.

‘Receiving the draft highway access permit from the Ministry of Transportation and Transit is another important milestone as we continue advancing Record Ridge toward development,’ said Frank Marasco, West High Yield’s President and CEO. ‘Infrastructure access is fundamental to transitioning the project from permitting into construction readiness. With the Mines Act Permit already secured, this step moves us closer to unlocking one of North America’s largest and most strategically positioned magnesium resources.’

‘With global leaders at PDAC 2026 highlighting a ‘hinge moment’ for the mining sector, we believe Record Ridge is well positioned to contribute to Canada’s critical minerals strategy,’ Mr. Marasco continued. ‘As magnesium becomes increasingly important for advanced manufacturing and clean technologies, Record Ridge has the potential to provide a secure, low-carbon source of magnesium for North American supply chains.’

The Company is diligently working with its consultants and government authorities to advance post-permit compliance requirements and complete remaining project permitting. In parallel, the Company continues to advance several development initiatives, including pilot processing programs, engineering studies, and strategic industry engagement, with the goal of advancing the processing plant project toward a commercial feasibility study planned for mid-2026.

The Company will provide additional updates as further project development milestones are achieved.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101‘) Preliminary Economic Assessment technical report (titled ‘Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada’) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

Qualified Person

Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

Contact Information:

West High Yield (W.H.Y.) RESOURCES LTD.

Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: frank@whyresources.com

Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: barry@whyresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

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

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Global oil and gas prices rallied sharply over the weekend as escalating geopolitical tensions in the Middle East rattled energy markets and triggered fears of a major supply disruption.

Benchmark crude prices surged to their highest levels in years, with traders pricing in the possibility of prolonged instability across one of the world’s most important energy-producing regions. Brent crude briefly climbed above US$115 a barrel in early trading, while US benchmark West Texas Intermediate (WTI) also spiked sharply, marking one of the largest short-term gains since the energy shock following Russia’s invasion of Ukraine in 2022.

At the heart of the rally is the escalating conflict involving Iran and its regional rivals, which has raised concerns about the security of critical oil infrastructure and shipping routes.

Analysts say the market reaction reflects the risk that the conflict could disrupt flows through the Strait of Hormuz, a narrow waterway that normally carries roughly 20 percent of the world’s oil supply.

Recent attacks on energy infrastructure have intensified those fears. In early March, a drone strike targeted Saudi Arabia’s Ras Tanura refinery, one of the kingdom’s largest oil processing facilities, prompting temporary operational disruptions and contributing to an immediate spike in global crude prices.

At the same time, tanker traffic through the Strait of Hormuz has plummeted as shipping companies and energy traders reassess risks in the region. Reports indicate that hundreds of vessels have avoided the route, effectively constraining the flow of crude from major Gulf exporters including Saudi Arabia, Iraq, Kuwait and the United Arab Emirates.

Markets are particularly sensitive to disruptions in the Gulf because the region serves as a critical artery for global energy trade. If the conflict escalates further or shipping lanes remain restricted, analysts warn that millions of barrels per day could be removed from the market.

“The conflict has shifted from geopolitical risk to real supply disruption,” analysts said, noting that energy infrastructure attacks and transport bottlenecks are tightening the global supply outlook.

Energy traders are also watching the potential response from major producing nations and international organizations. The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, have historically attempted to stabilize markets by adjusting production quotas. Decisions by the group to cut or increase output often play a decisive role in shaping oil prices.

From surplus to deficit

“The global oil market has been in significant surplus since the start of 2025. Ahead of the military actions that began on 28 February, global oil supply was also expected to far exceed demand in 2026,” an International Energy Agency report notes.

“However, prolonged supply disruptions could flip the market into a deficit. The disruption to oil flows through the Strait has forced some operators to start shutting in production. The region’s output of refined products has also been impacted.”

Meanwhile, some governments are weighing the release of strategic petroleum reserves in an attempt to dampen the rally. Several Group of Seven countries have signaled they could coordinate emergency stockpile releases if supply disruptions worsen.

Despite these potential interventions, market analysts warn that geopolitical shocks tend to produce sharp and prolonged price swings. If the current conflict expands or energy infrastructure remains under threat, crude prices could climb even higher, with some forecasts suggesting oil could test US$120 to US$150 per barrel under severe supply constraints.

For the Independent Commodity Intelligence Services (ICIS) the duration of any disruption is the most critical factor in determining the scale of price impacts.

ICIS model-based analysis suggests that even a relatively short interruption to shipping through the Strait could push European gas prices sharply higher. Under a scenario in which the waterway is closed for four weeks, benchmark prices at the Title Transfer Facility (TTF) could rise to approximately 60 euros per megawatt-hour in March, with summer prices remaining about 20 percent above pre-crisis forward levels.

A more prolonged disruption would amplify the impact considerably. In a scenario where the Strait remains closed for three months, TTF prices could climb to roughly 85 euros per megawatt-hour, reflecting heightened competition for global liquefied natural gas (LNG) cargoes and growing concerns over European supply security.

The analysis underscores the extent to which Europe’s gas market remains exposed to global LNG dynamics, even after several years of efforts to diversify supply following the Russian invasion of Ukraine. The continent now relies heavily on LNG imports to balance demand, meaning that any disruption affecting shipments from the Middle East, one of the world’s largest LNG-exporting regions, would quickly ripple through European pricing.

Higher LNG prices would also have important implications for gas storage levels across the EU. As imported cargoes become more expensive, utilities may draw more heavily on existing inventories to meet near-term demand. This dynamic would likely lead to faster depletion of stored gas during the spring and early summer, leaving less cushion ahead of the winter heating season.

At the same time, elevated prices would increase the urgency of replenishing storage facilities during the summer injection period. Market participants would need to secure additional LNG cargoes to rebuild inventories, further intensifying competition for global supply and sustaining upward pressure on prices.

Recent adjustments to EU storage policy could somewhat soften the immediate price shock, but analysts say the broader supply-risk profile would remain largely unchanged. In particular, the European Union’s decision to relax storage-filling requirements may reduce short-term demand for gas injections, thereby moderating the initial spike in spot prices.

However, the policy shift does little to alter the underlying supply constraints that could emerge later in the year.

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

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Force majeure declarations are beginning to ripple across the global commodities sector as the escalating conflict in the Middle East threatens to spread shocks beyond oil and gas.

Energy companies, producers, and traders are already grappling with interruptions to shipments through the Strait of Hormuz, the narrow waterway linking the Persian Gulf to global markets.

The strait typically carries roughly one-fifth of the world’s oil and liquefied natural gas supply, making it one of the most important chokepoints in global commodity trade.

Energy producers declare force majeure

Some of the first force majeure declarations have emerged from the energy sector.

QatarEnergy declared force majeure on liquefied natural gas (LNG) deliveries this week after attacks forced the state-owned company to halt production at key facilities. The decision followed strikes on two LNG installations and continuing security threats in the region.

In Israel, Chevron (NYSE:CVX) also declared force majeure at the Leviathan offshore gas field after authorities ordered a shutdown following US–Israeli strikes on Iran and subsequent retaliation across the region.

Leviathan is Israel’s largest gas field and supplies natural gas to Israel, Egypt and Jordan. The suspension marks the second time in less than a year that regional hostilities have interrupted operations at the site.

Meanwhile, oil producers in the Gulf have begun cutting output as tankers struggle to move through Hormuz. The United Arab Emirates (UAE) and Kuwait have both started reducing production after storage facilities began filling up when exports could not leave the region.

Aluminum, precious metals markets feel the shock

Aluminium Bahrain BSC has invoked force majeure on some shipments after maritime traffic through Hormuz effectively stalled. The company said the measure was tied to transit disruptions rather than damage to its smelter operations.

The announcement sent aluminum prices sharply higher. Futures in London surged to their highest level since 2022, rising as much as 5.1 percent during trading before settling higher on the day.

The aluminum market is particularly sensitive to supply disruptions because the metal is used across a wide range of industries, including automotive manufacturing, construction, appliances and packaging. Even short interruptions can create shortages for manufacturers that rely on tightly timed deliveries of specialized metal products.

Mining financier Robert Friedland, founder of Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF), warned that the broader consequences of a prolonged closure of the Strait of Hormuz could extend far beyond the Gulf region.

“Further to what we said about the impact that the closing of the Strait of Hormuz has on the sulphur market… and therefore African copper production… Craig Tindale maps out that this is only one small piece of a giant and critically important 3D jigsaw,” Friedland wrote on X.

“Everything affects everything, everywhere, all of the time.”

Meanwhile, precious metals markets are also feeling the effects of the conflict. Air traffic across much of the Gulf region has been curtailed since US and Israeli strikes on Iran began earlier this week, halting most flights in and out of Dubai.

Dubai, one of the world’s most important hubs for bullion logistics, handled roughly 20 percent of global gold shipments last year, serving as a key transit point for metal moving from Africa and Europe to Asian markets.

With flights grounded, traders say shipments of gold and silver have stalled across several trading centers.

“Gold availability has become a concern following the suspension of flights from the Middle East,” said John Reade, senior market strategist at the World Gold Council (WGC).

Some traders say prolonged disruptions could increase volatility in precious metals markets that have already seen sharp price swings this year. Gold recently surged to record levels above US$5,400 per ounce amid geopolitical tensions before easing slightly this week.

Even after the pullback, prices remain nearly 20 percent higher since the start of the year.

Geopolitical turmoil drive metals market swings

Jeffrey Christian, managing partner at CPM Group, said geopolitical instability has been a major driver of investor demand for gold and silver.

“That has caused investors to buy more gold and silver than ever before.”

Christian added that high prices and volatility can also create bottlenecks in the physical metals market.

“You have to understand that with the high prices and the high volatility, that really puts a constraint… on the flow of physical metal through the market,” he said.

For now, the biggest question facing commodity markets is how long disruptions in the Persian Gulf will last.

The Strait of Hormuz remains effectively closed to most commercial shipping, leaving hundreds of oil and gas tankers anchored outside the passage while governments consider military escorts to reopen the route.

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

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President Donald Trump’s latest push to slash prescription drug prices promises relief at the pharmacy counter, but behind the headline savings lie trade-offs that could reshape how drugs are developed, priced and delivered in the United States.

To deliver on that promise, the administration has rolled out TrumpRx, a federal price-comparison platform aimed at lowering out-of-pocket costs. The effort unfolds against the backdrop of the midterm election cycle, where rising healthcare costs remain a central concern for voters and a defining campaign issue.

The political appeal is clear, but experts warn the economics are messier. Economists point to a basic trade-off: lower prices today can shape how and whether new drugs are developed tomorrow.

‘When drug prices are capped or negotiated down, companies anticipate lower returns, reducing investment in drug research and development,’ said Olivia Mitchell, a professor of business economics and public policy at the Wharton School.

‘Economic evidence shows that lower prices depress incentives to develop new drugs,’ she added. 

‘In the short term, patients and payers can see meaningful savings through lower prices and out-of-pocket costs, but in the longer term, there is more risk of fewer or slower-arriving new medicines, especially in areas most exposed to price controls.’

Michael Baker, director of healthcare policy at the American Action Forum, said government price setting does not eliminate costs so much as redistribute them.

‘At the most basic level, government price setting only limits what patients pay for a drug — usually reflected in an out-of-pocket or co-insurance payment,’ Baker said. ‘This does nothing to address the overall cost of the drug, which someone still has to pay, nor does it lower the cost associated with development.’

As a result, he said, those costs could reemerge through tighter health coverage rules, fewer treatment options or reduced future innovation.

Supporters of the administration counter that the policy does not amount to strict government price caps. Instead, they describe it as a negotiated arrangement.

Ed Haislmaier of the Heritage Foundation said companies appear to be lowering prices in exchange for expanded market access or other relief, a structure he argues avoids the most disruptive effects of traditional price controls.

‘In such cases, companies are likely calculating that revenue losses from lower prices will be offset by revenue gains from more sales,’ Haislmaier told Fox News Digital. 

‘The kind of government price controls that are most damaging to innovation are ones that limit the initial price a company can charge for a new product. That is the situation in some countries, but fortunately not yet in the United States,’ he added.

For patients squeezed by rising costs, the promise of immediate savings is hard to dismiss. 

But economists say the long run question is whether the system can deliver cheaper drugs without dulling the incentives that produce the next generation of treatments —an issue both parties are likely to keep pressing as health costs stay front and center.

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Lawmakers on Capitol Hill could soon add another priority to their growing agenda as Republicans work to navigate a partial government shutdown and other deadlines looming in the next several weeks — weighing whether to provide additional cash to fund President Donald Trump’s operation in Iran.

Early chatter is beginning in the House of Representatives over a potential supplemental funding bill to aid the U.S. and Israel’s joint strikes on Iran, depending on how long the operation lasts and how much both countries bear down on the Islamic Republic.

House Appropriations Committee Chairman Tom Cole, R-Okla., told reporters last week that he would ‘expect’ a supplemental funding request from the Department of War ‘well before the end of the year.’

‘We’ve been told the Pentagon is looking at it, but we haven’t been given anything about an amount or time frame yet,’ Cole said.

Asked by Fox News Digital about what kind of price tag he would expect, Cole speculated, ‘Maintaining two carrier battle groups in action is not a cheap thing, not to mention all the other resources that are being expended. So I would expect it to be very robust.’

‘It’s been a pretty frequent part of conversation,’ House Foreign Affairs Committee Chairman Brian Mast, R-Fla., told Fox News Digital of an Iran funding bill.

House Homeland Security Committee Chairman Andrew Garbarino, R-N.Y., also told Fox News Digital he would ‘absolutely’ back a defense supplemental funding bill.

A senior member of the House Appropriations Committee, who was granted anonymity to speak freely, said they envisioned a modest increase in funding for Iran but said there were multiple variables at work that made a total cost unknowable at this point.

‘It depends on how long it lasts,’ they said. ‘A lot of this depends on, do our Gulf Coast partners participate? If they do, that helps. It depends on how long Israel goes. But we’ll definitely need some more munitions, so I’d say a small supplemental is probably important to just restock.’

But it will likely be difficult to sell the need for more Iran funding to House Democrats, many of whom have argued Trump’s involvement has amounted to an illegal war.

‘We’ll cross that bridge when we get to it in terms of if the administration makes a request to Congress to consider additional funding,’ House Minority Leader Hakeem Jeffries, D-N.Y., told NBC’s ‘Meet The Press’ on Sunday. ‘But at this particular point in time, the administration has failed to make its case as to the rationale or justification for this war of choice in the Middle East.’

And with the House GOP’s razor-thin majority, which is expected to grow to two votes after a special election in Georgia this week, Republican leaders could have a tough time appeasing fiscal hawks in their own party.

‘We need to know what the terms of the conflict are going to be, how long — a lot of us are very happy with going after and taking out Iran’s capabilities and taking out a lot of their bad guys, but what’s the endgame?’ Rep. Chip Roy, R-Texas, said to Fox News Digital.

‘Number two, is it paid for? So, you know, general support for what we’re doing to go after the bad guys, but we’ve got to know what the limits are and how much it’s gonna cost, and if it’s paid for.’

Even if it passes the House, such legislation would need 60 votes to advance in the Senate, meaning at least several Democrats would need to be on board. 

Fox News Digital reached out to the Department of War for additional comment.

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