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Europe is ramping up its nuclear defenses, as France expands its arsenal and Poland signals interest in closer nuclear coordination with allies. 

‘I have decided to increase the numbers of warheads of our arsenal,’ French President Emmanuel Macron said Monday. 

He also said France will no longer disclose the size of its nuclear arsenal, reversing previous transparency.

‘To be free, one needs to be feared,’ the French president concluded.

France’s shift comes as Europe faces its most volatile security moment in decades, with Russia’s war in Ukraine grinding on, repeated nuclear threats from Moscow, and renewed questions in European capitals about the long-term reliability of U.S. security guarantees. Recent U.S. military strikes against Iran have added to a sense of global instability.

Polish Prime Minister Donald Tusk, meanwhile, signaled his country eventually will try to obtain nuclear weapons. 

‘Poland takes nuclear security very seriously,’ he said Tuesday. ‘As our autonomous capabilities grow, we will strive to prepare Poland for the most autonomous actions possible in this matter in the future.’

Polish President Karol Nawrocki, who frequently finds himself at odds with Tusk, said he is ‘a big supporter of Poland joining the nuclear project.’

Poland is a signatory of the nuclear nonproliferation treaty from the 1960s, meaning it is officially committed not to obtaining nuclear weapons. 

Tusk said Monday that Poland was in talks with France after Macron offered to deploy nuclear-capable fighter jets to allied countries. 

Russia’s invasion of Ukraine in 2022 shattered long-standing assumptions about conventional deterrence on the continent and has been accompanied by repeated nuclear saber-rattling from Moscow, including threats tied to Western military support for Kyiv. Russian officials have periodically warned of escalation if NATO deepens its involvement, keeping nuclear deterrence at the forefront of European security planning.

At the same time, questions have resurfaced across European capitals about the long-term durability of U.S. security guarantees, even as Washington continues to lead NATO and maintain nuclear forces stationed in Europe under long-standing alliance arrangements.

Several European governments have sharply increased defense spending since the start of the Ukraine war. 

Germany announced a historic military buildup after decades of underinvestment. Poland has become one of NATO’s top defense spenders as a percentage of GDP, rapidly expanding its conventional forces. And leaders in Paris and elsewhere have revived calls for greater ‘strategic autonomy’ — the idea that Europe must be capable of defending itself if the United States shifts its focus elsewhere.

France is the only nuclear-armed nation in the European Union and maintains an independent deterrent separate from NATO’s U.S.-led nuclear umbrella. Any expansion of its arsenal or broader coordination with European partners marks a significant moment in the continent’s post-Cold War security architecture.

Globally, only nine countries are widely believed to possess nuclear weapons: the United States, Russia, China, France, the United Kingdom, India, Pakistan, North Korea and Israel.

The renewed nuclear focus in Europe is also unfolding as global tensions escalate beyond the continent. The U.S. recently carried out major military strikes against Iran, raising fears of a wider regional conflict and stretching U.S. military attention across multiple theaters.

For some European leaders, the combination of Russia’s aggression and instability in the Middle East reinforces arguments that the continent must be prepared to shoulder more of its own defense burden — including strengthening deterrence at the highest level.

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Couloir Capital is pleased to announce that it has initiated research coverage on 55 North Mining Inc. (CSE: FFF,OTC:FFFNF) (or ‘Company’). Couloir Capital’s senior mining analyst, Ron Wortel, MBA, P.Eng., QP, crafted a report titled ‘Initiating Coverage of 55 North Mining as it moves project on production.’

Report excerpts: ‘The Last Hope Gold Project is a high-grade, Precambrian lode-gold system located within Manitoba’s prolific Lynn Lake Greenstone Belt, part of the Churchill Structural Province.’

‘Last Hope benefits from a strategic position within the historic Lynn Lake mining district, a region with established social license, supportive regulatory frameworks, and a deep legacy of gold and base-metal production. The project lies 25 km from Alamos Gold’s fully permitted Lynn Lake development, where construction of an 8,000 tpd mill and 250,000 oz/year operation is underway, with first production targeted for 2029. Management views Last Hope as a potential high-grade satellite feed or toll-milling opportunity that could enhance grade control and improve the IRR of the regional mill project, creating optionality for partnership, consolidation, or a corporate-level transaction.’

The report can be accessed through Couloir Capital’s portal: https://www.couloircapital.com/research-portal.

About Couloir Capital Ltd.

Couloir Capital Ltd. is an investment research firm with a team of experienced investment professionals providing institutional-quality research coverage for small-cap equities. Our research reports are distributed via Bloomberg, FactSet, Capital IQ, LSEG, Research Tree and other platforms, as well as via social media and extensive email distribution lists. To subscribe, visit: https://www.couloircapital.com/research-portal

For further information, please contact:

Rob Stitt, Managing Director, Couloir Capital Ltd.
Email: rstitt@couloircapital.com
www.couloircapital.com

DISCLAIMER:

Analyst Disclosure:

  1. The Company has retained Couloir Capital under a service agreement that includes analyst research coverage only.
  2. The principal of Couloir Capital maintains a financial interest in the securities or options of the Company through an affiliated fund entity.

Investors are encouraged to read the complete list of disclosures contained in the report.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286367

News Provided by TMX Newsfile via QuoteMedia

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Oil and gas prices extended their sharp climb this week as the escalating conflict between the US, Israel, and Iran disrupts shipping through one of the world’s most critical energy chokepoints.

Crude oil futures surged again on Thursday (March 5), with the US benchmark climbing roughly 3.5 percent to about US$77 per barrel—the highest level in more than a year. Brent crude rose nearly 3 percent to around US$83 per barrel.

The waterway, which separates Iran from the United Arab Emirates (UAE) and Oman, carries roughly one-fifth of the world’s daily oil and liquefied natural gas shipments.

Since the latest wave of hostilities began over the weekend, tanker traffic through the strait has largely stalled, with shipowners reluctant to transit the area amid continued missile attacks and drone strikes.

Energy prices have already surged roughly 15 percent since the conflict intensified. US gasoline prices are beginning to reflect the shock, rising nearly 9 percent in just one week. The average price of a gallon of regular gasoline in the US climbed from US$2.98 before the attacks to about US$3.25, according to AAA.

Financial markets have responded cautiously. Futures for the Dow Jones Industrial Average fell about 0.3 percent ahead of Thursday’s opening bell, while the S&P 500 (INDEXSP:.INX) and Nasdaq Nasdaq Composite (INDEXNASDAQ:.IXIC) futures also edged lower.

If prices remain elevated, analysts warn the surge could complicate the US Federal Reserve’s efforts to tame inflation. Rising energy costs may reduce the likelihood of interest rate cuts this year, keeping borrowing costs higher for longer and potentially slowing economic growth.

‘If the strait were to close for an extended period of time, it would be among the greatest supply shocks in history, and the price of oil undoubtedly would escalate well over US$100,’ analysts from S&P Ratings said in a FocusEconomics update. ‘Given the importance of the strait and the substantial US military presence in the region, it’s highly doubtful the strait could be closed for an extended period of time.”

Continued attacks halt gulf trade

Meanwhile, supply disruptions are intensifying across the Middle East. Shipping data shows tanker traffic through the Strait of Hormuz has dropped dramatically, falling from about 40 vessels per day earlier this year to virtually none in recent days.

Hundreds of oil and gas carriers are now anchored outside the waterway waiting for the security situation to stabilize.

Attacks on commercial shipping have added to the uncertainty. A tanker anchored near Kuwait reported a large explosion on its port side earlier this week. The vessel reportedly suffered a cargo tank leak, although the crew was unharmed.

Other incidents have also been reported. At least nine vessels have come under attack since the conflict began, including tankers targeted by drones and explosive boats in Gulf waters.

Onshore energy infrastructure has also been affected. Several refineries in the region have cut operations or temporarily halted production, while Iraq reportedly reduced oil output by nearly 1.5 million barrels per day after storage capacity filled up when tankers were unable to load cargo.

Liquefied natural gas markets are also facing additional pressure after QatarEnergy halted production earlier this week and declared force majeure on exports. The state-owned firm is one of the world’s largest LNG suppliers, responsible for roughly 20 percent of global shipments.

European natural gas prices have surged in response, rising roughly 50 percent this week amid concerns that supply disruptions could tighten global markets heading into next winter’s storage season.

Despite the escalating crisis, global equity markets have shown signs of stabilizing. Asian stock markets rebounded Thursday after heavy losses earlier in the week, with South Korea’s KOSPI jumping nearly 10 percent and Japan’s Nikkei 225 (INDEXNIKKEI:NI225) gaining about 1.9 percent.

Governments are also scrambling to stabilize shipping lanes. US President Donald Trump said Washington would offer political risk insurance for tankers attempting to pass through the Strait of Hormuz and indicated that U.S. naval forces could escort commercial vessels if necessary.

Insurance markets are also evaluating potential coverage frameworks for ships willing to transit the area, according to Lloyd’s of London.

“The implications for the global economy will depend largely on the duration and severity of the crisis. The real GDP of major advanced and emerging economies is far less dependent on oil than during past crises,’ Marc-Antoine Dumont, Senior Economist at Desjardins, and Randall Bartlett, Deputy Chief Economist, commented.

‘That said, Asia and China remain more exposed to the consequences of a prolonged disruption in Middle Eastern oil supply. On one hand, the US is now a net exporter of petroleum products, and a sustained increase in prices could even have positive spillovers for investment in the resource sector, which has struggled in recent years.”

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

This post appeared first on investingnews.com

The highest-ranking Minnesotan in Congress is calling for a deeper investigation into allegations that leaders in his state government knowingly ignored evidence of welfare fraud, and he called for those leaders to even face incarceration if proven true.

‘People are sick and tired of elected officials having a double standard, being treated differently than they are. They’re held accountable for things that they should be held accountable for, when their elected officials are not,’ House Majority Whip Tom Emmer, R-Minn., told Fox News Digital. 

‘If these two guys are dirty, they should be held accountable, and they should serve jail time.’

He was referring to Minnesota Gov. Tim Walz and state Attorney General Keith Ellison, two of several witnesses at a high-profile hearing on fraud conducted by the House Oversight Committee on Wednesday.

Both Walz and Ellison insisted that they were serious about prosecuting fraud in the state’s social programs and that they took action to stop it once it was brought to their attention.

But Emmer cited a report by the House Oversight Committee that accused them both of knowing about the fraud earlier than previously thought and delaying public accountability for fear of political retribution from progressives in the state — particularly the Somali community in Minneapolis, who Republicans have accused of taking advantage of the state’s welfare system.

‘They might have been able to qualify it enough that it wasn’t black and white, but if they lied to the committee this morning about knowing about the fraud and when they knew about the fraud and the FBI investigation, that is a criminal act of its own,’ Emmer told Fox News Digital.

‘So I do believe, depending on this report and what else the majority staff is doing, they very well may want to call them back in and depose them under oath.’

He added at another point, ‘You have maybe 80 to 100,000 Somalis in Minnesota. Tim Walz won with 52%. They made a difference. Keith Ellison won by less than 1%. I think it was 20,000 votes. Makes a difference. So if those are connected, yeah, I mean, this is campaign fraud.’

‘I’ve taken accountability for this. I’m not going to run again. I need to spend the time fixing this,’ Walz said during the hearing. ‘This does undermine trust in government. Do I wish there were things that could have happened earlier? Yes. But in this job, ‘wish’ didn’t do it. I’m looking into where I see it.’

At another point, Walz attributed the rise in fraud statistics to an increase in prosecutions, telling Republicans, ‘When you catch people and prosecute them, it shows up as a fraud increase.’

He also dismissed accusations that he kept whistle-blowers quiet over fear of being seen as Islamophobic, ‘I can’t speak to it because it’s not anything I would say.’

Ellison, meanwhile, said he was happy to work across bipartisan lines to prosecute fraud.

‘I am here to work to improve this system, and there are improvements that can be made,’ he said. ‘If we can get out of fixing the blame and get to fixing the problem, that would be an enormous thing for me.’

But Emmer, who maintained that further investigation was needed, suggested he doubted their intentions.

‘It’s power. They want power. In order for them to get power, they need to be elected. In order for them to get elected, they have to cheat in different ways. And that is exactly what they did,’ Emmer said. ‘If the Somali community is being used by these public officials to get themselves into office…it sure does look suspect, it needs to be investigated.’

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I spent decades inside the Pentagon watching technology reshape warfare. I saw precision munitions change the battlefield. I watched satellites compress decision cycles. But nothing compares to what is happening now.

Artificial intelligence has moved the lab to the kill chain.

And the showdown between Secretary of War Pete Hegseth and AI firm Anthropic is not a contract dispute. It is the opening battle over who controls the most powerful military technology of the 21st century.

AI is already transforming war

Look at Ukraine.

Western officials report that drones now account for roughly 70-80% of battlefield casualties in that war. But the real revolution occurs when AI is added. Reports indicate AI-guided navigation can increase drone strike accuracy from 10–20% to as high as 70–80%.

That is not incremental change. That is a transformation in battlefield lethality.

The same dynamic is emerging in U.S. operations involving Iran and other theaters. AI tools are being used for intelligence analysis, targeting refinement, pattern recognition, and operational simulations. These systems compress time, reduce uncertainty and accelerate decisions.

AI is not theoretical. It is operational.

CENTCOM releases new details on US military

Which brings us to Washington.

What the Hegseth–Anthropic standoff is really about

On Feb. 27, Hegseth designated Anthropic a ‘supply chain risk to national security.’ President Donald Trump ordered federal agencies to cease using its Claude AI model after Anthropic refused to remove two guardrails:

A prohibition on fully autonomous weapons.

A prohibition on mass domestic surveillance.

Artificial intelligence has moved the lab to the kill chain.

The Pentagon argues that military commanders must be able to use AI tools for all lawful defense purposes without seeking permission from a private company in real time.

Anthropic argues that removing safeguards could enable autonomous killing systems or unconstitutional domestic spying.

Both concerns are legitimate.

But here is the deeper problem: America has outsourced strategic control of its most sensitive military algorithms to private contractors.

That is unsustainable.

Draw the right line

Let me be clear about what must not happen.

We must not expand domestic surveillance of American citizens under the banner of AI efficiency. The Fourth Amendment does not disappear in the age of algorithms.

Second, we must keep a human being in the kill chain. I served under lawful command authority. Life-and-death decisions carry moral accountability. They cannot be delegated entirely to autonomous systems.

US military HUNTING DOWN Iranian missile launchers

Those are firm boundaries.

But here is the other boundary: no private corporation should hold an effective veto over how America defends itself.

Washington’s contractor addiction

For decades, the federal government has grown dependent on contractors for critical defense functions — logistics, cyber infrastructure, analytics and intelligence support. AI is simply the next frontier in that pattern.

But frontier AI models are not spare parts or uniforms. They are strategic infrastructure. They influence targeting, operational tempo and potentially deterrence modeling.

That level of sensitivity cannot remain under corporate ownership.

During World War II, the United States built the atomic bomb through the Manhattan Project under centralized national authority. It was not governed by venture-backed boards setting independent usage policies. It was directed by the U.S. government with a clear strategic mandate.

We need a similar mindset for our most sensitive AI systems.

Government must own core military algorithms. Not lease them. Not subscribe to them. Own them.

AI tools are being used for intelligence analysis, targeting refinement, pattern recognition, and operational simulations. These systems compress time, reduce uncertainty and accelerate decisions.

If AI is the new strategic high ground, America cannot subcontract the high ground.

China isn’t hesitating

As I argue in ‘The New AI Cold War,’ Beijing does not struggle with these dilemmas.

China fuses AI development directly to the state. There are no Silicon Valley executives in Beijing refusing military access. AI is treated as national infrastructure.

Russia and other nations are moving in similar directions. They are not debating internal guardrails while field-testing AI-enabled systems.

Strategic competition does not pause while we litigate contract language.

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What must happen next

First, Congress must draw bright lines: no AI-enabled mass domestic surveillance of Americans without strict constitutional safeguards.

Second, codify meaningful human control over lethal force decisions.

Third — and most critically — build sovereign AI capacity inside government.

That means:

  • Government-controlled AI research for classified applications
  • Government ownership of core defense algorithms
  • Reduced reliance on private frontier labs for sensitive military systems
  • Long-term pipelines of cleared AI engineers

Anthropic argues that removing safeguards could enable autonomous killing systems or unconstitutional domestic spying.

Private industry will continue to innovate. But America’s most sensitive warfighting tools cannot remain dependent on companies whose corporate policies can override national defense requirements.

The real issue is sovereignty

The Pentagon–Anthropic feud is not about personalities. It is about sovereignty.

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Who controls the algorithms that guide American force?

Who owns the code?

Who decides how it is used?

In the new AI Cold War, power will belong to those who control the models — not merely those who rent access to them.

America must protect liberty. We must reject AI-driven domestic surveillance. We must preserve human moral accountability in the use of force.

First, Congress must draw bright lines: no AI-enabled mass domestic surveillance of Americans without strict constitutional safeguards.

But we must also end the illusion that venture-backed firms can function as ultimate gatekeepers of national defense.

The AI Cold War is not hypothetical. It is unfolding on battlefields abroad and in policy fights at home.

This moment is not about one company. It is about whether the United States will treat artificial intelligence as strategic national infrastructure — or as a contractor service.

The answer will shape the next generation of warfare.

And history will not wait for us to decide.

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Iran launched a new wave of attacks on Thursday, with explosions reported in the region and Tehran threatening that the U.S. would ‘bitterly regret’ sinking an Iranian warship.

Iran’s strikes on Thursday targeted Israel, American bases and countries in the region. Israel announced multiple incoming missile attacks as air raid sirens blared in Tel Aviv and Jerusalem.

Azerbaijan’s Ministry of Defense on Thursday said Iran used unmanned aerial vehicles (UAVs) in an attack on Nakhchivan International Airport and other civilian infrastructure. The ministry said the details of the attack and the capabilities of the UAVs were being investigated.

‘The Ministry of Defense of the Republic of Azerbaijan strongly condemns the attacks carried out by the armed forces of the Islamic Republic of Iran against civilian infrastructure on the territory of Azerbaijan in the absence of any military necessity. The Islamic Republic of Iran bears the entire responsibility for the incident,’ the ministry’s statement read.

Iran has not acknowledged targeting Azerbaijan, despite the country’s ministry of defense pointing the finger at Tehran.

Qatar evacuated residents near the U.S. Embassy in Doha on Thursday, with its Ministry of Defense confirming that the country was ‘subjected to a missile attack’ and that its air defense systems were able to intercept it. The ministry urged the public to remain calm and avoid unofficial information.

Abu Dhabi announced that its authorities were responding to an incident involving falling debris in ICAD 2, which is part of the Industrial City of Abu Dhabi. Six people, identified by Abu Dhabi as Pakistani and Nepali nationals, suffered minor to moderate injuries.

Iran has carried out retaliatory strikes since the launch of Operation Epic Fury, with the latest wave coming one day after the U.S. sunk an Iranian warship, killing at least 87 Iranian sailors. Sri Lankan navy spokesman Cmdr. Buddhika Sampath said 32 people were rescued from the wreck and were admitted to a hospital.

Secretary of War Pete Hegseth defended the move during a news briefing at the Pentagon.

‘An American submarine sunk an Iranian warship that thought it was safe in international waters. Instead, it was sunk by a torpedo — Quiet Death. The first sinking of an enemy ship by a torpedo since World War II. Like in that war, back when we were still the War Department, we are fighting to win,’ Hegseth said.

Iranian leaders condemned the attack, with Foreign Minister Abbas Araghchi accusing the U.S. Navy of committing ‘an atrocity at sea.’ Meanwhile, Ayatollah Abdollah Javadi Amoli appeared on state television and called for the shedding of Israeli and ‘Trump’s blood.’

‘Fight the oppressive America, his blood is on my shoulders,’ he said in a rare call for violence from an ayatollah, one of the highest ranks within the clergy of Shiite Islam.

The U.S. and Israel launched the war on Saturday with strikes targeting Iran’s leadership, including the supreme leader, Ayatollah Ali Khamenei, who was killed. Iran’s missile arsenal and nuclear facilities were also hit.

The Associated Press contributed to this report.

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‘Shahs of Sunset’ star Reza Farahan is speaking out about the United States and Israel’s military action against Iran. 

During an interview with Fox News Digital, the Iranian-born 52-year-old reality star, who authored the forthcoming book ‘Memoirs of a Gay Shah,’ explained that he and his family came to America on a family trip in 1977 and ended up staying after unrest in Iran escalated into revolution.

During the 1979 Iranian Revolution, the country’s former monarch, Shah Mohammad Reza Pahlavi, was overthrown and replaced by Ayatollah Ruhollah Khomeini, who established an Islamic Republic that transformed the country into a theocratic state governed by strict religious rule. 

Last weekend, U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu launched coordinated strikes on Iranian military and nuclear targets, during which Iran’s Supreme Leader Ayatollah Ali Khamenei was killed. Iran retaliated with missile and drone strikes against Israel and U.S. military bases in several Middle Eastern states. 

The conflict comes on the heels of widespread anti-government protests in Iran that erupted in December 2025 and were met with brutal crackdowns by the government that left thousands dead.

During an interview with Fox News Digital, Farahan shared his insight into how Iranians living in the country have reacted to the U.S. and Israel-led strikes. 

‘I’ve spoken to relatives and friends who are in Iran, and I know it’s hard for non-Iranians to understand this, but the Iranians in Iran are so happy that there is military intervention that has come to help rescue them from the Islamic Republic,’ he said. 

‘I know, especially for people that are anti-our President, they can’t understand why,’ Farahan continued. ‘Why are the people in Iran happy? They’re happy because the prospect of freedom is something that they’ve dreamed of for so many years.’ 

‘I urge the American population to do their own research, keep an open mind, and think about what the Iranians inside of Iran are begging for,’ he added. 

Farahan also described the response that he was seeing in the Iranian-American community. 

‘Utter elation and gratitude for the prospect that there could be potential regime change and freedom for people that have been oppressed by a fanatical religious dictator for 47 years,’ he told Fox News Digital.  

According to a recent Fox News poll, American opinion on the U.S. military action against Iran is sharply divided. While 65% of voters see Iran as a serious national security threat, about 50% of those polled approve of the strikes and about 50% disapprove.

Support and opposition broke down strongly along partisan lines. According to the survey, more than 8 in 10 Republicans approve of the current U.S. use of force, while only 6 in 10 say the president’s actions on Iran are making the U.S. safer.

Nearly 8 in 10 Democrats disapprove of the U.S. strikes and think things are less safe because of Trump’s performance, while 6 in 10 or more independents think the same on both counts.

Meanwhile, two-thirds of voters said they were generally concerned that Trump’s use of executive orders and acting without Congressional approval may be permanently altering the country’s system of checks and balances.

‘Shahs of Sunset’ star Reza Farahan says Iranians support U.S.-led military intervention for ‘prospect of freedom’

During his interview with Fox News Digital, Farahan addressed critics of the military action, arguing that partisan politics shouldn’t cloud judgment. He also warned that Americans opposing the action may be underestimating the threat posed by the Islamic Republic and the country’s primary military branch, the Islamic Revolutionary Guard Corps (IRGC).

‘My message to people criticizing the action in Iran is one: please don’t allow your political bias to interfere with understanding that freeing Iran is making the world a safer place,’ he said. ‘When the creed and motto of a dictator is ‘Death to America,’ and they force the people to chant that all the livelong day, believe them.’ 

‘That’s not just a message, it’s their goal,’ Farahan continued. ‘They just don’t have the ballistic missiles that will reach America currently, but that is what they’re working towards. And freeing Iranians from the IRGC and the Islamic Republic not only helps them, it helps us for generations to come.’

Farahan has previously said that he first came out as gay to his mother at the age of 21. He became one of the first openly gay Persian-American reality TV stars when ‘Shahs of Sunset’ premiered on Bravo in March 2012. Farahan’s relationship with his now husband Adam Neely was prominently featured on the show with the duo tying the knot in an episode of the show that aired in October 2015.

Farahan remained a member of the main cast throughout the show’s nine-season run until August 2021. He went on to appear in other reality shows including ‘Worst Cooks in America’ and ‘The Traitors.’ Farahan is currently starring on the Peacock reality series ‘The Valley: Persian Style.’ 

While speaking with Fox News Digital, Farahan shared his view on the Iranian-American experience and explained how he was grateful as an openly gay man to be living in America. 

Iranian-born ‘Shahs of Sunset’ star Reza Farahan says conflict strengthened his pride in being American

‘We are a minority group that assimilated and worked our butts off in this country to contribute and show our gratitude to this new homeland that we have,’ he said. ‘And there’s not a day that goes by that I don’t express gratitude to my father-in-law, who’s a retired Air Force Colonel, or anyone that serves in the U.S. Armed Forces that protects me and my family and this beautiful country and allows me to be free here. ‘

He continued, ‘Because if I were in Iran, 100% I wouldn’t — I would not have made it to this age. I would have been killed. Gay people are stoned to death or hung from cranes regularly.’

Farahan told Fox News Digital that the current conflict in Iran has ‘strengthened my pride in being an American citizenHe explained that when he was growing up, he had recurring nightmares of being sent back to Iran.

‘Shahs of Sunset’ star Reza Farahan shares powerful message he hopes readers take from his memoir

‘I’m so proud to have a U.S. passport,’ he said. ‘The thought of not being in America anymore was just so scary to me. So for anyone out there listening: God bless America. I love this country, and I’m grateful for it every single day.’

Farahan acknowledged he may face financial losses for his political views, but he said he feels obligated to speak for those in Iran killed for defying Islamic dress codes — including the legal requirement for women to cover their hair with a hijab — or their sexual orientation.

‘I think to myself: I have a duty,’ he said. ‘And I may suffer financially because people may not buy my book because they may not like what I have to say politically, but I have a duty to those people who were killed because their hair was exposed, or their acid was thrown in their faces of these beautiful women because they didn’t observe the hijab rules.’ 

‘I have a duty to those people because I’ve benefited from living in this beautiful country for basically my entire life,’ he continued. ‘I was three and a half years old when we left Iran. So whatever backlash I get, hopefully it’ll be worth it for speaking for the ones who can’t speak.’

Farahan’s book ‘Memoirs of a Gay Shah’ follows his journey from moving to the U.S. as a child just before the Islamic Revolution to growing up as an immigrant in Beverly Hills and becoming an openly gay reality television star. He told Fox News Digital that his memoir is also an immigrant success story and a celebration of the American Dream. 

‘I want the people that read my book to know that this little brown kid came to a country at a time when people were side-eyeing my parents, looking at them like they were related to the terrorists that were holding those American hostages in captivity, yet somehow I found the beauty here,’ he said. ‘And I was able to find my dreams and prosper like no one else has. So when I tell you that America is the land of the home, is the home of the brave, the land of the free, and that you can have anything you want in this beautiful country, regardless of how you look and who you are, believe me, because I did it.’

‘If you wanna know how I did, read the book,’ he continued. ‘But the net result is this country is the greatest place on earth. And I’m so grateful because I was able to fulfill my dreams here. And if I had stayed in Iran, I’d be six feet under.’

‘Memoirs of a Gay Shah’ will be released on April 7.

Fox News Digital’s Dana Blanton contributed to this report.

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Osisko Metals Incorporated (the ‘Company or ‘Osisko Metals’) (TSX: OM,OTC:OMZNF; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce the appointment of Ms. Victoria Vargas to its board of directors, effective immediately.

Ms. Vargas brings over 25 years of extensive knowledge of the mining industry and North American capital markets, and a wealth of expertise in environmental, social and governance. She has a Bachelor of Arts (Hons. Economics) from Lima (Peru) University and an MBA Finance from Simon Bolivar University in Venezuela.

Ms. Vargas currently serves as the Chief Financial Officer of VMS Mining and is a director and chair of the corporate government relations committee of Lithium Universe Canada. She previously served as Vice President Investor Relations for Minera Alamos Inc., and as a director, chair of the corporate governance and nominating committee and a member of the audit committee of Silver Mountain Resources Inc.

About Osisko Metals

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

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

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

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

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Moderna (NASDAQ:MRNA) has agreed to pay US$950 million to resolve a long-running patent dispute tied to the technology used in its COVID-19 vaccine.

The pharmaceuticals giant announced it has reached a global settlement with Arbutus Biopharma (NASDAQ:ABUS) and Genevant Sciences GmbH over claims that Moderna’s vaccines infringed patents related to lipid nanoparticle (LNP) delivery technology.

The tiny fat-based particles are used to transport mRNA vaccines into human cells.

Under the agreement, Moderna will make a lump-sum payment of US$950 million in the third quarter of 2026 and will not owe royalties on existing or future vaccines. The settlement resolves all litigation worldwide involving the companies.

The case had centered on allegations that Moderna used LNP technology owned by Arbutus and Genevant in its COVID-19 shot without authorization.

Moderna CEO Stéphane Bancel said the settlement clears the path for the company to focus on its pipeline.

“Resolving this legacy matter from our pandemic response removes uncertainty and allows us to turn our full focus to Moderna’s exciting near-term future,” Bancel said in a company statement.

Moderna also said it will continue pursuing an appeal related to its claim of government-contractor immunity under US law, which could further limit its liability.

If the Federal Circuit Court ultimately rules against the company on that issue, Moderna could be required to make an additional payment of up to US$1.3 billion within 90 days of the decision. The company said it has not recorded any additional charge tied to that possibility because it does not consider the loss probable.

The company expects to record a US$950 million charge in the first quarter of 2026 tied to the settlement payment.

Despite the payout, Moderna said it expects to end 2026 with between US$4.5 billion and US$5 billion in cash and cash equivalents. Including access to its credit facility, the company estimates total available liquidity of between US$5.4 billion and US$5.9 billion.

Investors responded positively to the resolution of the dispute, which analysts said removes a major uncertainty hanging over the company. Shares of Moderna rose by as much as 10 percent in premarket trading after the announcement, while Arbutus shares declined

While the agreement resolves Moderna’s dispute with Arbutus and Genevant, the company remains involved in other intellectual property litigation.

Moderna has ongoing legal claims against Pfizer (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) related to mRNA technology used in competing COVID-19 vaccines.

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

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New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) (‘New Found Gold’ or the ‘Company’) is pleased to announce that it has entered into a non-binding term sheet for an up to US$75,000,000 loan facility (the ‘Loan Facility’).

The proceeds from the Loan Facility will be used as financing for the development of the Company’s 100% owned Queensway Gold Project (‘Queensway‘ or the ‘Project‘) in Newfoundland and Labrador, Canada, including the procurement of long lead items, early construction activities, upgrading and expanding the Company’s 100% owned Pine Cove Mill to accommodate Queensway Phase 1 off-site milling, and general working capital purposes. The Loan Facility, alongside cashflow from the Hammerdown Gold Project (‘Hammerdown‘), is an important component of the Company’s overall finance strategy.

‘We are pleased to enter into the term sheet for this debt financing, which will support Phase 1 of our flagship Queensway Gold Project and enable us to remain on track with the development timeline outlined in our 2025 PEA,’ commented Keith Boyle, CEO of New Found Gold. ‘Once the Loan Facility is in place, we will be well capitalized as we advance towards a formal construction decision later this year, taking us closer to production at Queensway, which showcases a solid low-cost production profile via a phased mine plan, near-term cash flow generation and significant upside through exploration, as we aim for first production in late 2027.’1

Pursuant to the non-binding term sheet, the Loan Facility will be documented by way of a senior secured debenture and advanced in two tranches: US$50,000,000 to be funded at closing (‘Tranche 1‘) and, subject to the satisfaction of certain conditions and if required by the Company, an additional US$25,000,000 to be funded no later than 15 months after closing (‘Tranche 2‘) at no additional standby fee. Both tranches will be subject to customary arrangement fees. The Loan Facility will bear interest at a fixed annual rate of 9.25% payable quarterly in arrears and will have a term of 24 months, and will be subject to a quarterly administration fee based on a fixed annual fee of 0.50%. The Company will have the option to extend the term by an additional six months. The funds to be advanced reflect principal amounts subject to an original issue discount, which will increase if the term is extended.

In connection with the Loan Facility and subject to the approval of the TSX Venture Exchange (‘TSXV‘), the Company will issue to Nebari Natural Resources Credit Fund II, LP (the ‘Lender‘) at closing non-transferable warrants for the purchase of common shares in the Company. The warrants issued in connection with Tranche 1 will have an aggregate value of US$3,750,000, and the warrants issued in connection with Tranche 2 will have an aggregate value of US$1,875,000. Each warrant will be exercisable for one common share of the Company at an exercise price equal to a 25% premium to the lower of the volume weighted average price of the common shares of the Company on the TSXV for the 20 trading days prior to (a) the date hereof, and (b) the date the warrants are issued, provided that the exercise price will not be below the market price as determined by the TSXV. The warrants will be exercisable for a period of 24 months following closing. If the Company extends the term of the loan by an additional six months, the expiration date of the warrants will also be extended by six months if permitted by the TSXV.

All direct and indirect subsidiaries of the Company will guarantee the Loan Facility. The Company and such guarantors will secure the Loan Facility with first-lien security interests over all of their present and after-acquired real and personal property.

The provision of the Loan Facility remains subject to customary conditions precedent, such as the negotiation, execution, delivery and registration of definitive financing documents, completion of due diligence to the Lender’s satisfaction, receipt of all necessary corporate and regulatory approvals (including approval of the TSXV), and approval by the Lender’s Investment Committee. The term sheet includes a mutual break fee in the event of a termination by either party prior to closing.

Cutfield Freeman & Co. Ltd. (‘CF&Co‘), an independent global mining finance advisory firm, is acting as financial advisors to the Company in relation to the Loan Facility and its overall project finance strategy (see the New Found Gold press release dated November 28, 2025).

The Company appreciates the interest from other finance providers who were willing to support New Found Gold and were eager to be part of our Company’s growth.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of warrants in any state in which such offer, solicitation or sale would be unlawful. The warrants have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act, and applicable state securities laws.

About New Found Gold Corp.

New Found Gold is an emerging Canadian gold producer with assets in Newfoundland and Labrador, Canada. The Company holds a 100% interest in Queensway and Hammerdown, which includes the Hammerdown deposit and fully permitted milling and tailings facilities. The Company is currently focused on advancing its flagship Queensway to production and bringing the Hammerdown deposit into commercial gold production.

In July 2025, the Company completed a PEA at Queensway (see New Found Gold press release dated July 21, 2025). Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential that covers a +110 km strike extent along two prospective fault zones at Queensway.

Through 2025 New Found Gold built a new board of directors and management team and has a solid shareholder base which includes cornerstone investor Eric Sprott. The Company is focused on growth and value creation.

Keith Boyle, P.Eng.
Chief Executive Officer
New Found Gold Corp.

Contact

For further information on New Found Gold contact us through our investor inquiry form at https://newfoundgold.ca/contact/ or contact:

Fiona Childe, Ph.D., P.Geo.
Vice President, Communications and Corporate Development
Phone: +1 (416) 910-4653
Email: contact@newfoundgold.ca

Follow us on social media at https://www.linkedin.com/company/newfound-gold-corp and https://x.com/newfoundgold.

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.

Forward-Looking Information
This press release contains certain ‘forward-looking statements’ within the meaning of Canadian and United States securities legislation, including statements regarding the non-binding term sheet for the Loan Facility; the proposed terms of the Loan Facility, including the amounts to be funded and the timing thereof; the arrangement and administration fees; the interest rate; the term of the Loan Facility; the terms of the warrants to be issued in connection with the Loan Facility, including the aggregate value of each tranche, the calculation of the exercise price and the exercise period; the guarantees and security interests to be granted in connection with the Loan Facility; the expected use of proceeds; the Company’s overall finance strategy; the Company’s advancement towards a formal construction decision at Queensway; the future production at Queensway; and the Company’s focus on growth and value creation. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘interpreted’, ‘intends’, ‘estimates’, ‘projects’, ‘aims’, ‘suggests’, ‘indicate’, ‘often’, ‘target’, ‘future’, ‘likely’, ‘pending’, ‘potential’, ‘encouraging’, ‘goal’, ‘objective’, ‘prospective’, ‘possibly’, ‘preliminary’, and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘can’, ‘could’ or ‘should’ occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange and NYSE American, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with the Company’s ability to complete exploration and drilling programs as expected, possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results and the results of the metallurgical testing program, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. The reader is urged to refer to the Company’s Annual Information Form and Management’s Discussion and Analysis, publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca and on the website of the United States Securities and Exchange Commission at www.sec.gov for a more complete discussion of such risk factors and their potential effects.

1 See the New Found Gold technical report titled ‘NI 43-101 Technical Report for the Queensway Gold Project, Newfoundland and Labrador, Canada’, dated Sept. 2, 2025 prepared by SLR Consulting (Canada) Ltd.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286276

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