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The Israeli military’s latest wave of airstrikes in Iran dealt a serious blow to the country’s brutal internal security apparatus, opening the door for a potential uprising.

During the strikes, Israel ‘dropped dozens of munitions on the Basij and internal security command centers that are subject to the Iranian terror regime,’ the Israel Defense Forces (IDF) said in a statement on Wednesday. ‘The targeted command centers were used by the Iranian regime to maintain control throughout Iran and maintain the regime’s situational assessments.’

Since the start of Operation Epic Fury, the U.S. has hit nearly 2,000 targets as it carries out a sweeping military campaign aimed at dismantling the regime’s security apparatus and neutralizing threats. Adm. Brad Cooper of U.S. Central Command confirmed the number of targets hit in a video message.

The Islamic Revolutionary Guard Corps (IRGC) and the Basij militia, Iran’s volunteer paramilitary force, were behind the violent crackdown on protesters in January. The bloody crackdown saw regime actors firing on crowds and conducting mass arrests of Iranian protesters. Some had seen the protests as a sign that regime change in Iran was getting nearer, though it did not occur.

Israeli and U.S. officials have hinted at the possibility of regime change in Iran as both countries take aim at Tehran’s military and security sites.

Israeli Prime Minister Benjamin Netanyahu said in a video message announcing the launch of Operation Epic Fury, which Israel calls Operation Rising Lion, that it was time for Iranians ‘to rid themselves of the yoke of tyranny.’ Similarly, President Donald Trump said in a message to the Iranian people on Feb. 28 that ‘the hour of your freedom is at hand.’

‘When we are finished, take over your government. It will be yours to take. This will be, probably, your only chance for generations,’ Trump said.

‘America is backing you with overwhelming strength and devastating force. Now is the time to seize control of your destiny, and to unleash the prosperous and glorious future that is close within your reach. This is the moment for action. Do not let it pass,’ the president added.

Ali Vaez, director of the Iran project at the International Crisis Group, told The Wall Street Journal that the path to regime change through foreign airstrikes and popular uprising on the ground has ‘a bet that rests on no clear historical model.’ Vaez also warned that the idea ‘ignores the resilience of entrenched authoritarian systems like the Islamic Republic.’

The IDF said on Monday that Israel had hit headquarters, bases and regional command centers that belonged to the regime’s internal security apparatus.

‘These bodies were responsible for, among other things, suppressing protests against the regime through violent measures and civilian arrests,’ the IDF said.

It is unclear who will lead Iran after Supreme Leader Ayatollah Ali Khamenei was killed on the first day of the operation. Since then, Israel and the U.S. have made it clear that regime leaders chosen to replace him would be targets. Israeli Defense Minister Israel Katz warned on Wednesday that anyone chosen to replace Khamenei would be considered ‘a target for elimination’ if they continued to threaten Israel, the U.S. and regional allies.

The killing of key leaders might not be enough to cause an uprising, as the regime has a monopoly on weapons in most of Iran, the WSJ reported, adding that Basij militants are still patrolling the streets.

Fox News Digital’s Morgan Phillips and Efrat Lachter contributed to this report.

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War Secretary Pete Hegseth said Wednesday that an Iranian leader behind a unit that attempted to assassinate President Trump has been killed in Iran amid Operation Epic Fury.

‘The leader of the unit that attempted to assassinate Trump has been hunted down and killed,’ Hegseth said during a press conference Wednesday morning.

‘Iran tried to kill President Trump and President Trump got the last laugh,’ Hegseth continued. ‘Now, this is not a ‘mission accomplished’ situation. This is simply a reality check.’

In 2024, Iran-linked actors attempted to arrange an assassination plot to take out the president. Iran has previously threatened to assassinate Trump following the 2020 killing of Iranian Gen. Qasem Soleimani. 

In 2022, an Iranian video depicted an assassination attempt on Trump while he played golf.

U.S. officials confirmed earlier this week that strikes on Iran, which began Saturday, killed Iran’s supreme leader, Ayatollah Ali Khamenei. 

Trump reflected on Khamenei’s death in a call to ABC News’ Jonathan Karl earlier this week, saying: ‘I got him before he got me.’

‘They tried twice,’ Trump continued, referring to Iran’s previous attempts on his life. ‘Well, I got him first.’

Meanwhile, Hegseth, on Wednesday said the combination of U.S. and Israeli intelligence and combat power ‘will control Iran and will control it soon.’

‘America is winning decisively, devastatingly and without mercy,’ Hegseth said.

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Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) (‘Allied’ or the ‘Company’) is pleased to announce the appointment of the Honourable Marco Mendicino as a Strategic Advisor to the Company. The Honourable Marco Mendicino is Senior Counsel and Strategic Advisor to the firm at Cassels, Brock & Blackwell LLP. A former federal prosecutor, Cabinet Minister, and Chief of Staff to Prime Minister Mark Carney, he brings two decades of leadership in the law, government and public policy.

Mr. Mendicino led the Prime Minister’s Office through a national election and one of the most significant transitions of government in recent decades, advancing major projects legislation, working with Premiers and Indigenous leaders, and closely advising the Prime Minister while at the White House, NATO, and G7.

Elected three times as the Member of Parliament for Eglinton-Lawrence, Mr. Mendicino served in Cabinet as Minister of Immigration and Minister of Public Safety and chaired the Five Eyes on behalf of Canada.

A Senior Fellow at the University of Toronto’s Munk School, he contributes to national conversations on governance and the rule of law and frequently appears in the media as a commentator.

‘We are excited to add Marco Mendicino to our team as a Strategic Advisor. Mr. Mendicino brings decades of business, legal and political expertise to Allied,’ commented Roy Bonnell, CEO & Director of Allied. ‘Tungsten is a strategic asset globally and we will benefit from Mr. Mendicino’s global view on how to best develop our assets for the benefit of all shareholders.’

‘I am very pleased to join the team at Allied. Their tungsten assets in Portugal are strategically located in a NATO member state and have historically been very important assets from a global security perspective. Seeing these past producing mines come back into production will be a major development from a NATO security perspective,’ commented Honourable Marco Mendicino, Strategic Advisor to the Company. ‘We will work closely with all stakeholders to ensure these assets are developed for the benefit of Portugal and its allies.’

Mr. Mendicino joins a team that also includes the appointment of Major General (Ret.) James A. ‘Spider’ Marks and former U.S. Secretary of Homeland Security Kirstjen M. Nielsen as Directors of Allied’s wholly owned U.S. subsidiary, Allied Critical Metals USA Inc. (‘Allied USA‘). Allied USA is dedicated to the importation, marketing and sales of tungsten into the United States.

About Allied Critical Metals Inc.

Allied Critical Metals Inc. is a Canadian-based mining company focused on the advancement and revitalization of its 100%-owned Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal.

The Borralha Project is one of the largest undeveloped tungsten resources within the European Union and benefits from a favourable Environmental Impact Declaration (DIA), positioning the Project for advancement toward feasibility and development. Vila Verde represents additional exploration upside within the same strategic jurisdiction.

Tungsten has been designated a critical raw material by the United States and the European Union due to its strategic importance in defense, aerospace, manufacturing, automotive, electronics and energy applications. Currently, China, Russia and North Korea account for approximately 87% of global tungsten supply and reserves, highlighting the importance of secure western sources.

Further details regarding the Borralha Project are available in the Company’s NI 43-101 Technical Report dated December 30, 2025, filed on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.alliedcritical.com.

ON BEHALF OF THE BOARD OF DIRECTORS
‘Roy Bonnell’

Roy Bonnell
CEO and Director

For further information or investor relations inquiries, please contact:

Dave Burwell
Vice President, Corporate Development
Email: daveb@alliedcritical.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915

Please also visit our website at www.alliedcritical.com.

Also visit us at:

LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc/
X: https://x.com/@alliedcritical/
Facebook: https://www.facebook.com/alliedcriticalmetals/
Instagram: https://www.instagram.com/alliedcriticalmetals/

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities, and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s filings with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company’s mineral projects as described in the Company’s news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s most recently filed management’s discussion and analysis, all as filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286145

News Provided by TMX Newsfile via QuoteMedia

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Private credit is cracking just as AI infrastructure spend surges into the trillions.

The tremor is fueled by software and IT companies seeing sharp drops in valuation as fears mount that AI advancements will render their core products obsolete.

Blue Owl Capital set off alarms in the private credit market, which has extended billions in financing, by selling assets across three funds and tweaking redemptions amid withdrawals tied to AI-threatened tech loans and stalled data centers. As UBS strategists recently noted, the worst-case default rate for private credit could climb as high as 15 percent as AI disrupts traditional software companies.

In the race to secure GPUs, neo-clouds – specialized providers that focus almost exclusively on high-performance AI compute – are ready to deploy the hardware powering the next generation of LLMs, but are being sidelined by underwriting processes that take months to move and equity models that demand too much control.

The financing bottleneck and the asset-backed solution

With global AI capital expenditures projected to reach trillions this decade, the mechanisms used to fund that growth cause delays that create supply bottlenecks.

Filichkin, Compute Labs’ chief business officer, described the dynamic clearly: operators are currently caught between slow banks and the limitations of venture capital.

Under the traditional model, a neo-cloud must raise massive venture rounds just to afford the down payments required by banks, forcing founders to give up control of their companies simply to buy the hardware needed to operate.

Zhang added that underwriting processes and capital structuring take several months, delaying off-take customers and forcing them to go elsewhere simply because they need capacity now. “Many AI customers… will simply go to some other providers, or they will just go to the market and then buy the capacity at a very high spot price,” he explained.

Capital inefficiencies also increase computing costs. When neo-clouds cannot deploy on time, demand pressure builds on existing providers, which allows them to charge more.

To bypass these delays, Compute Labs, a fintech that bridges neo-clouds and investors, packages GPU clusters for asset-backed deals. The company vets partners, secures senior debt and fundraises the missing 20-30 percent cash slice from investors to complete each deal. This lets neo-clouds deploy without equity dilution, while investors gain direct hardware yield from the contracts.

GPUs: The yield-generating asset class

A whitepaper co-published by the team at Compute Labs and The Family Office Association in December 2025 pitched GPUs as a new yield-generating asset class for family offices, like digital power plants producing steady cash from AI rentals for training and inference.

“When we work with these partners, one of the first things that they worry about is diluting their equity, and we know of an interesting business model that allows an investor just direct exposure to the most fundamental asset, which is the hardware,” explained Filichkin.

He noted the dual value points this structure serves: the neo-cloud avoids dilution, and the investor gains the raw hardware component without worrying about the volatility of the equity markets.

“More fundamentally,” added Hosseinion, “when we refer to a venture bet, we’re talking about VCs…betting on the founders to find product market fit, whereas (Compute Labs is) allowing investors direct access to the actual chips that power AI.”

These assets are secured by three- to five-year off-take contracts, a structure where end-users pre-commit to buying the compute power before it is even deployed. “The financial profile is a lot more similar to project finance… high upfront capex, the deployment phase, and then just a long tail of predictable yield.”

However, much AI infrastructure funding still relies on venture-style equity, despite the fact that typical VC rounds are often too small for major hardware buys.

‘Carfax for GPUs’

For GPUs to mature into a genuine asset class, the market requires a level of transparency that traditional tech lending has historically lacked. The current hesitation in private credit often stems from a “visibility gap” that prevents lenders from easily verifying the health, location or even the existence of the hardware they are financing.

Solving this requires what the Compute Labs team described as a “Carfax for GPUs” that employs a registry system that tracks the provenance, thermal history and real-time utilization of a chip, which would provide lenders the same level of auditability found in real estate or aviation.

While this strategy provides technical transparency, Compute Labs’ “revenue haircut” – where the 20 to 30 percent revenue share is the first to be sacrificed if performance targets are missed – provides financial safeguards that protect lenders from operational failures. This ensures that even if a neo-cloud struggles, the investors remain at the front of the repayment line.

Operational buffers are also becoming a benchmark for these deals; the team stressed that daily running costs, specifically electricity and maintenance, must typically remain under a quarter of the total income produced by the chips in order to maximize returns.

While concerns about technical obsolescence persist, the current supply-chain reality offers a natural hedge. Zhang noted that while new chips are announced frequently, it often takes up to 24 months for them to reach the market in significant volume at a reasonable price, providing a predictable “useful life” window for current-generation hardware.

Infrastructure before innovation

Ultimately, the shift toward asset-backed GPU financing is about unblocking what the team calls the “innovation funnel.” At the top of this funnel sit the thousands of AI applications and agents that promise to reshape the global economy. However, these innovations are entirely dependent on the physical infrastructure at the base.

By moving away from the slow, small financing models of the past and treating GPUs as a stable, bankable utility, the industry can finally provide the consistent power required to sustain the AI revolution.

However, if the bottom of the funnel remains choked by inefficient capital, the intelligence at the top will inevitably stall.

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

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Cameco (TSX:CCO,NYSE:CCJ) has secured a nine-year uranium supply agreement with India worth an estimated US$2.6 billion, accelerating its nuclear power expansion as it deepens critical mineral ties with the country.

The Saskatoon-based uranium producer will supply nearly 22 million pounds of uranium ore concentrate (U3O8) to India’s Department of Atomic Energy between 2027 and 2035 under market-related pricing terms.

Cameco Chief Executive Officer Tim Gitzel attended a signing event in New Delhi alongside Indian Prime Minister Narendra Modi, Canadian Prime Minister Mark Carney and Saskatchewan Premier Scott Moe.

“Cameco is proud to be a strategic partner with India to help meet its civil nuclear fuel needs and support its trade relationship with Canada,” Gitzel said. “India is embarking on an ambitious nuclear expansion to power its development plans and meet the future energy security needs of its people. That isn’t possible without a stable supply of uranium fuel.”

India currently operates 24 nuclear reactors and has outlined plans to deploy dozens more as it works toward a target of 100 gigawatts of nuclear capacity by 2047.

The new agreement revives a trading relationship first established in 2015, when Cameco began supplying uranium to India under a five-year contract.

Gitzel also pointed to broader market dynamics. “Importantly, this demand underscores an emerging trend of sovereign buyers locking up large volumes from multiple suppliers, and in a window where demand continues to grow and available supplies continue to become more uncertain and constrained.”

Cameco operates the Cigar Lake and McArthur River/Key Lake uranium mines in northern Saskatchewan. According to the Saskatchewan Mining Association, uranium mining employs more than 2,300 people in the province, with nearly half of the workforce in northern operations drawn from local communities.

Saskatchewan Premier Scott Moe said the contract would benefit both countries. “It’s going to be good for the electricity outbuild here in India as well as good for the economy in particular in northern Saskatchewan,” he told reporters in New Delhi as reported by CBC.

India continues to recently take steps to broaden its critical minerals strategy. Last month, the country announced it has signed a memorandum of understanding with Brazil to deepen cooperation on rare earths and other critical minerals.

“Increasing investments and cooperation in matters of renewable energy and critical minerals is at the core of a pioneering agreement that we have signed today,” Brazilian President Luiz Inácio Lula da Silva said at the time.

The country’s multibillion deal with Cameco first sparked rumors back in late 2025, when an earlier meeting between the two state leaders signaled the thawing of diplomatic tensions that started in 2023.

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

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A U.S. submarine sunk a prized Iranian warship by torpedo, the first such sinking of an enemy ship since World War II, Secretary of War Pete Hegseth said Wednesday morning.

‘The Iranian Navy rests at the bottom of the Persian Gulf. Combat ineffective, decimated, destroyed, defeated. Pick your adjective,’ Hegseth said. ‘In fact, last night we sunk their prize ship, the Soleimani. Looks like POTUS got him twice. Their navy, not a factor. Pick your adjective. It is no more.’

This is a developing news story; check back for updates.

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Israel’s military said Wednesday that one of its F-35I ‘Adir’ stealth fighter jets shot down an Iranian Air Force Yak-130, marking the first time the advanced aircraft has downed a manned fighter in combat. 

‘The historic shootdown over the Tehran skies is a testament to the strength of the Israeli Air Force and to your personal determination,’ said Maj. Gen. Tomer Bar, the commander of the Israeli air force. 

‘The war continues – return home safely. Get some rest,’ he told the pilots. ‘The next mission is already waiting for you.’

The F-35I is Israel’s customized version of the U.S.-made F-35 Lightning II, a fifth-generation stealth fighter that anchors the country’s air fleet.

According to the F-35 program’s official website, Israel became the first country to select the aircraft through the U.S. government’s Foreign Military Sales process, signing a letter of agreement in October 2010. 

The site says the Israeli air force gave the jet the Hebrew name ‘Adir,’ meaning ‘Mighty One,’ and received its first F-35 on June 22, 2016.

The Yak-130 is a Russian-made, two-seat combat training aircraft designed by the Yakovlev Design Bureau, according to United Aircraft Corporation, the state-owned Russian aerospace company that manufactures the jet.

It made its maiden flight in 1996 and is currently in active production.

Iran’s air force received its first Yak-130 training aircraft in September 2023, according to Press TV, Iran’s state-run English-language broadcaster.

In November 2023, Brig. Gen. Mahdi Farahi, Iran’s deputy defense minister, told Tasnim, a semi-official Iranian news agency, that plans had been finalized for Sukhoi Su-35 fighter jets, Mil Mi-28 attack helicopters and Yak-130 trainers to join the country’s armed forces.

Tasnim reported that Iran previously acquired MiG-29 fighter jets from Russia in the 1990s.

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In proclaiming a ‘golden age of America’ in his State of the Union address, President Trump correctly focused on his initiatives to fix the problems perpetrated by the Bush, Obama, and Biden administrations that undermine the physical and economic security of the United States. One of those initiatives is Trump’s war on fraud, which, according to the president, is intended to root out and remedy the ‘corruption that shreds the fabric’ of our nation.

Under the leadership of Vice President JD Vance, Attorney General Pam Bondi, Deputy Attorney General Todd Blanche and Colin McDonald, Trump’s nominee for the newly created federal post of assistant attorney general for the National Fraud Enforcement Division, Trump’s war will get waged aggressively. As the president put it, ‘We are not playing games.’

But to win the war against fraud, the Trump administration must force the uniparty institutionalists at the Justice Department to change course and protect a key ally in the war on fraud: whistleblowers. Despite being treated as pariahs for decades by the Justice Department’s elitist careerists, whistleblowers are instrumental in enabling the recovery of taxpayer dollars from entities that defraud the government. Whistleblowers play a critical role under the False Claims Act, which has been used to recover $85 billion in taxpayer dollars since 1986. Just last year, the government recovered more than $6.8 billion under the False Claims Act – the highest single-year recovery in its history.

Unfortunately, parts of the Justice Department have not gotten Trump’s memo. This is particularly true of the career attorneys in the DOJ’s Civil Division, which is given investigatory and litigation responsibilities under the False Claims Act.

The Civil Division maintains policies that undermine Trump’s war on fraud. How? Those policies undermine whistleblowers—the foot soldiers in the trenches—who uncover and litigate fraud claims on behalf of the Justice Department. The Civil Division maintains it has the unfettered discretion to dismiss any anti-fraud lawsuit brought by a whistleblower under the False Claims Act merely by deciding the lawsuit will not vindicate the government’s interest—whatever that means. The Civil Division maintains it can make this decision without evidentiary support and without regard to the underlying facts. That’s hard to reconcile with the Supreme Court’s 2023 8-1 decision in U.S. ex rel. Polansky v. Exec. Health Res., Inc., which held that the Justice Department does not enjoy such unfettered dismissal discretion.

More problematically, the Civil Division’s continuation of the Bush, Obama and Biden anti-whistleblower policy undermines the Trump administration’s efforts to combat fraud. Indeed, despite years of hard work and lot of money invested by whistleblowers, the Civil Division maintains it can pull out the rug from under whistleblowers at any time, for any reason, or no reason. This arbitrary Civil Division policy makes it much less likely whistleblowers will enlist in Trump’s war on fraud.

Targets of fraud enforcement by the Trump administration properly include Somalian day care centers, university DEI programs, and other examples of corruption actively promoted by Democrats. A whistleblower exposing such fraudulent and illegal activities does so at considerable personal risk. But what whistleblower would knowingly take this risk if her action under the False Claims Act were subject to Civil Division policy it could dismiss any lawsuit, at any time, for any reason, or no reason?

Americans have learned the hard way that we have magnitudes more fraud than federal prosecutors and agents to root it out, so the Justice Department’s support of whistleblowers is more critical than ever. A successful war against fraud requires alignment across the government. Vance acknowledged as much, noting in a recent Fox News interview that his efforts will include a ‘full, whole government approach’ to investigating fraud concerns. But this approach necessitates that the Civil Division change its policies to support, rather than undermine, a critical ally in Trump’s war on fraud: whistleblowers.

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Former Major League Baseball star Mark Teixeira has clinched the Republican primary to succeed GOP Rep. Chip Roy in southwest Texas.

Teixeira secured more than 61% of the vote, avoiding a runoff in the 12-candidate primary field.

Teixeira announced his candidacy for the Lone Star State’s 21st Congressional District seat last August. The seat is currently held by Roy, who has said he is running for Texas attorney general.

The announcement of Teixeira’s campaign came days after Republican state lawmakers approved a redistricting map aimed at strengthening the GOP’s position in the 2026 election.

President Donald Trump endorsed Teixeira in the race, and Teixeira pledged to work with the president to secure the border and end what he described as ‘radical woke indoctrination.’

The Club for Growth PAC, which — along with affiliated super PACs — contributed more than $250,000 to Teixeira’s candidacy, applauded his primary victory. Club for Growth PAC President David McIntosh said the group was ‘proud to have supported Teixeira in the race.’

‘On the campaign trail, Mark Teixeira outlined his plan to lower taxes, cut red tape, and expand school freedom for every family in Texas. Voters believed in his vision, and rewarded him with the Republican nomination,’ McIntosh said.

Teixeira began his MLB career with the Texas Rangers after being selected fifth overall in the 2001 MLB Draft. His 14-season career included three All-Star selections, five Gold Gloves, three Silver Slugger Awards and a World Series title with the New York Yankees in 2009. Teixeira and his family moved back to Texas in 2021 after he retired from baseball.

Teixeira defeated fellow Republican candidate Daniel Betts, who ran unsuccessfully for Travis County district attorney last year.

The 21st Congressional District covers a heavily Republican area west of Austin and San Antonio.

On the Democratic side, Dr. Kristin Hook was leading the primary field with roughly 61% of the vote Tuesday night, setting up a general election matchup in November.

Teixeira described his primary win as a ‘huge victory.’

‘We’re going to run a strong race and win big in November, then hit the ground running to fight for Texas families,’ Teixeira said. ‘Thank you again, TX-21. God bless Texas, and God bless America.’

The Associated Press contributed to this report.

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As Minnesota Gov. Tim Walz and Attorney General Keith Ellison are set to testify before Congress on Wednesday morning, a Republican Minnesota lawmaker spoke to Fox News Digital about what they should be asked and what needs to happen next to get to the bottom of the problem. 

I’m hoping they’re asked directly, ‘Governor Walz, why haven’t you taken the corrective actions and why haven’t you brought your people back? Does that have an impact? Why have you not done that?” state Sen. Mark Koran said about Walz’s upcoming testimony, pointing to the large remote work force that likely contributed to the lack of oversight in the scandal that prosecutors say could cost taxpayers $9 billion or more. 

‘Because he knows — they need to position that question to him because he knows he can’t continue to pander and do what’s right, right? He just can’t.’

Ellison’s testimony is likely to include questions from members of Congress about a 2021 audio recording of him meeting with members of the Somali community who would soon be convicted of defrauding millions of dollars in taxpayer money.

According to Koran, Ellison has ‘real issues to deal with’ during his testimony on that issue and suggested the recording shows he was offering to ‘protect’ the eventual fraudsters. 

‘You know who the clients are of Attorney General Keith Ellison?’ Koran said. ‘All the state agencies. So their attorney is going to go work against what’s right from a statutory requirement to stop them from performing their job? If they were even going to do their job?’

Although Walz announced early this year that he would drop his bid for a third term amid mounting criticism of the fraud scandal, he is still serving as governor, which many of his detractors have said doesn’t show true accountability.

Koran agrees with those who have called on Walz to resign, saying that he would if he had ‘any morals’ but ‘he won’t,’ and pointed out that even if Republicans had the super majority needed to impeach Walz, his spot would be taken by Lt. Gov. Peggy Flanagan, who Koran called ‘far more radical.’

WATCH: Experts reveal how ‘racism’ allegations helped fuel Minnesota fraud

New findings have continued to trickle out as investigations into the fraud become more prevalent, including a state audit conducted by the nonpartisan Office of the Legislative Auditor released in January that found widespread failures and internal control problems in the Department of Human Services’ Behavioral Health Administration (BHA) grant program.

The 2026 regular session of the Minnesota Legislature officially kicked off on Feb. 17, and Koran outlined what Republicans will be focused on in order to reign in the fraud concerns.

‘The game plan is really to put pressure on all of them. There are things we could start to do today, we truly do have an interest to do that,’ Koran said. ‘You know, we’ve seen what’s hit the headlines; an Independent Inspector General probably could put together the best plan for that. That doesn’t solve today’s problems, right? That doesn’t solve it. We’ve got to solve it on the front end.’

Instead, Koran says the top priority should be a professional services contract with an independent entity ‘to do eligibility determination’ and ‘use the best of all data available to ensure those eligible receive benefits.’ But, he argued, Democrats have ‘been resistant to do any of that.’

Speaking about why he thinks the fraud scandal was able to reach the level that it did, Koran said, ‘I think there’s some incompetency. They’re certainly willfully complicit.’

He continued, ‘But I think the third element today that is bigger than ever is, our state government is as ineffective in delivering for the citizens of Minnesota than we’ve ever been in the history of government.’

Walz and Ellison will testify at a hearing ‘Oversight of Fraud and Misuse of Federal Funds in Minnesota: Part II’ on Wednesday, March 4, 2026, at 10 a.m. EST.

‘Americans deserve answers about the rampant misuse of taxpayer dollars in Minnesota’s social services programs that occurred on Governor Walz’s and Attorney General Ellison’s watch. The House Oversight Committee recently heard sworn testimony from Minnesota state lawmakers who stated that Governor Walz and Attorney General Ellison failed to act to stop this widespread fraud and retaliated against whistleblowers who raised concerns,’ House Oversight Chair James Comer said in a press release.

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