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Heritage Mining Announces Encouraging Gold Results from New Millennium Drill Program and provides Exploration Update and Strategic Investment

(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC, May 7, 2025 TheNewswire – Heritage Mining Ltd. (CSE: HML FRA:Y66) (‘ Heritage ‘ or the ‘ Company ‘) is pleased announce results from its winter drill program at its flagship Drayton Black Lake (‘ DBL ‘) exploration project (Figure 1 and 2) in Sioux Lookout, Ontario.  The Company conducted scout drilling at the New Millennium orogenic gold target area utilizing its in-house drilling rig and team. The Company is also pleased to provide an update on its planned diamond drill program at the Zone 3 (DBL) Extension and Rognon Mine Area (Contact Bay) prospects.

Highlights:

  • Intersected multiple zones of strong gold mineralization in shallowly drilled holes (average 61m depth) at the New Millennium prospect, including HML25-003 (87m) which assayed 6m @ 1.05g/t gold, 3m @ 1.77g/t gold and 2m @ 1.78g/t gold (Table 1).

  • Broad zones of quartz veins were intersected in HML25-006, which assayed 13m @ 0.23g/t gold

  • Zone 3 Extension scout drill program commenced, and the first hole has been completed intersecting a granite cut by quartz – sulphide veins over broad intervals

  • Received additional drill permit for targets within the Rognon Mine Area

  • Secured a second drill rig for the diamond drill program at Zone 3 Extension and Rognon Mine Area, targets will be drilled simultaneously

‘These initial drill results from New Millennium are highly encouraging, considering the average hole depth is only 61 meters.  These scout holes confirm the presence of mineralized vein swarms and structures, validating historical high-grade surface samples.  We have also secured an additional diamond drill rig to fast track our exploration agenda drilling Zone 3 and Rognon Mine simultaneously. This, combined with receiving additional diamond drill permits at the Rognon Mine Area, truly unlocks our potential for discovery significantly ahead of schedule while maintaining established cost efficiencies. With additional financial support, we are in a strong position to advance our exploration initiatives heading into the summer. We look forward to communicating further results on our ongoing 2025 diamond drill exploration program utilizing our cost-effective exploration operations including in-house drilling team on current and additional targets being developed.’ Commented Peter Schloo, President, Director and CEO of Heritage.

The Company is also pleased to announce a non-brokered private placement consisting of 3,000,000 flow- flow-through units (‘ FT Units ‘) at a price of $0.05 per FT Unit for gross proceeds of C$150,000 to a strategic investor (the ‘ Offering ‘). Each FT Unit consists of one flow through common share (‘ FT Common Share ‘) and one Warrant (‘ FT Unit Warrant ‘) with each FT Unit Warrant entitling the holder to purchase one Common Share at an exercise price of $0.10 for a period of 60 months from issuance, subject to acceleration provisions. Each FT Common Share which will qualify as a ‘flow-through share’ as defined in subsection 66(15) of the Income Tax Act (Canada).

Closing of the Offering is expected to occur on or around May 14, 2025 (the ‘ Closing Date ‘).  The Offering is subject to all customary approvals. Proceeds of the Offering will be used to fund the Company’s planned exploration and drilling programs on its Drayton-Black Lake Project and Contact Bay and general working capital. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder warrants.


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Figure 1: Ontario Project Portfolio 2025 Diamond Drill Program


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Figure 2: DBL Project: TMI over Bedrock Geology

New Millennium 2025 Diamond Drill Program Overview

Nine drill holes for a total of 556 meters were completed from three drill pads along a 150-meter strike of this newly identified vein set within the New Millennium target area (Figure 2).  Dilling intersected multiple sets of mineralized veins (Table 1) and shear zones within an interpreted multi-deformation folded sequence (Figure 3).


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The Company is concurrently developing low-cost surficial exploration to advance the New Millennium target drill area (Figure 2 – inset map).  Key upcoming programs may include the stripping and trench sampling of known vein sets and high-resolution basal till sampling across interpreted fold noses.

Table 1: Significant assays for New Millennium 2025 winter scout drilling program

Hole_ID

Target

From

To

Au g/t

Length

Composite

HML25-003

New Millennium

18

20

1.78

2

2.0 m of 1.78 g/t Au

And

New Millennium

41

47

1.05

6

6.0 m of 1.05 g/t Au

And

New Millennium

71

74

1.77

3

3.0 m of 1.77 g/t Au

HML25-004

New Millennium

38

42

0.77

4

4.0 m of 0.77 g/t Au

HML25-006

New Millennium

52

65

0.23

13

13.0 m of 0.23 g/t Au

HML25-007

New Millennium

62.5

70.6

0.78

8.1

8.1 m of 0.78 g/t Au

Hole_ID

Target

From

To

Au g/t

Length

Composite

HML25-003

New Mellenium

18.0

20.0

1.78

2.0

2.0 m of 1.78 g/t Au

And

New Mellenium

41.0

47.0

1.05

6.0

6.0 m of 1.05 g/t Au

And

New Mellenium

71.0

74.0

1.77

3.0

3.0 m of 1.77 g/t Au

HML25-004

New Mellenium

38.0

42.0

0.77

4.0

4.0 m of 0.77 g/t Au

HML25-006

New Mellenium

52

65

0.23

13.0

13.0 m of 0.23 g/t Au

HML25-007

New Mellenium

62.5

70.6

0.78

8.1

8.1 m of 0.78 g/t Au

Note- Significant intervals for exploration drilling calculated using a 0.1 g/t Au cutoff, 2.0m minimum length and 3.0m maximum consecutive internal waste. High-grade intervals calculated using a 1.0 g/t Au cutoff, 3.0m minimum length and a 3.0m maximum consecutive

Zone 3 Extension

The 2024 drill program at Zone 3 Extension identified granite hosted mineralisation and features consistent with a magmatic source for the gold mineralisation. This opens the potential for more widespread mineralisation in the Heritage tenements, outside of the traditional focus which is on orogenic lode style mineralization in the volcanics. Dr. Gregg Morrison, consultant to HML, reviewed 2024 Zone 3 drill core, commenting that it has ‘demonstrated similarities to other deposits in the region, particularly to the 5.8Moz granite-hosted Hammond Reef Deposit of Agnico Eagle.’

The Company is currently scout drilling at Zone 3 Extension, testing along a linear mag-feature that is 2km long and up to 200m wide.    The first scout hole is completed and is considered a technical success, intersecting multiple zones of granite cut by broadly spaced, cm-scale quartz – pyrite – chalcopyrite veins (Figure 4).  Samples are currently being processed at our four-season core shack facility. Additional exploration programs for 2025 in this area are being considered including till sampling across structural controls to Zone 10 and east west from New Millennium to Split Lake Target areas as well as scout diamond drilling.


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Figure 4: HML25-010 Box 24 102.48m to 106.72m – Granite cut by quartz – sulphide veins

Rognon Mine – Contact Bay Project

The former Rognon/Wachman Mine produced 22.2 oz of gold and 0.5 oz of silver from 49 tons milled while in operation between 1916 and 1918 (Reference MLAS number MDI000000000779).  Development is reported to be a shaft 106 ft deep with 307 ft of lateral development on two levels, including a raise to surface from the first (50 ft) level.  There are surface indications that suggest the vein extends at least 750m in length (trenching, shafts, pits, historical mining) including five historical shafts (two production shafts and three exploration shafts).  Heritage plans to undertake a maiden scout drilling program to test this vein system along strike and at depth, drilling is expected to commence mid-May.

An additional permit has been received to drill geophysical anomaly believed to related to the old Rognon Mine (Figure 5). A drill program for ~2175m in eleven drill holes has been designed and budgeted for the Rognon Mine area that lies within Contact Bay Project (Figure 5).


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Figure 5: Planned Diamond Drill holes over UAV Mag inversion model (2024)

Qualified Person

Stephen Hughes P. Geo, Strategic Advisor for the Company, serves as a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed the scientific and technical information in this news release, approving the disclosure herein.

ABOUT HERITAGE MINING LTD.

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.

For further information, please contact:

Heritage Mining Ltd.

Peter Schloo, CPA, CA, CFA

President, CEO and Director

Phone: (905) 505-0918

Email: peter@heritagemining.ca

FORWARD-LOOKING STATEMENTS

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘forecast’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘targeting’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’, ‘outlook’ and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves 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 the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Radiopharm Theranostics to Participate in the D. Boral Capital Inaugural Global Conference

Radiopharm Theranostics (ASX:RAD, Nasdaq: RADX, ‘Radiopharm’ or the ‘Company’), a clinical-stage biopharmaceutical company focused on developing innovative oncology radiopharmaceuticals for areas of high unmet medical need, today announced that members of management will be participating in the D. Boral Capital Inaugural Global Conference on May 14, 2025, in New York City.

To register for one-on-one meetings with management in New York City, interested parties should contact John Perez at jperez@dboralcapital.com.

About Radiopharm Theranostics

Radiopharm Theranostics is a clinical stage radiotherapeutics company developing a world-class platform of innovative radiopharmaceutical products for diagnostic and therapeutic applications in areas of high unmet medical need. Radiopharm is listed on ASX (RAD) and on NASDAQ (RADX). The company has a pipeline of distinct and highly differentiated platform technologies spanning peptides, small molecules and monoclonal antibodies for use in cancer. The clinical program includes one Phase 2 and three Phase 1 trials in a variety of solid tumor cancers including lung, breast, and brain. Learn more at radiopharmtheranostics.com .

Authorized on behalf of the Radiopharm Theranostics Board of Directors by Executive Chairman Paul Hopper.

For more information:

Investors:
Riccardo Canevari
CEO & Managing Director
P: +1 862 309 0293
E: rc@radiopharmtheranostics.com

Anne Marie Fields
Precision AQ (formerly Stern IR)
E: annemarie.fields@precisionaq.com

Media:
Matt Wright
NWR Communications
P: +61 451 896 420
E: matt@nwrcommunications.com.au

Follow Radiopharm Theranostics:
Website – https://radiopharmtheranostics.com/
X – https://x.com/TeamRadiopharm
LinkedIn – https://www.linkedin.com/company/radiopharm-theranostics/
InvestorHub – https://investorhub.radiopharmtheranostics.com/

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Durbin calls on DOJ to investigate anonymous pizza deliveries to judges’ homes

The top Democrat on the Senate Judiciary Committee has called on the Department of Justice and the FBI to ‘immediately investigate’ a string of anonymous pizza deliveries sent to judges’ homes.

In the event that the DOJ and the FBI have already initiated investigations, Senate Judiciary Committee Ranking Member Dick Durbin, D-Ill., also asked Attorney General Pam Bondi and Kash Patel for an update on those efforts. 

‘In recent months, federal judges and their relatives have received anonymous deliveries to their homes,’ Durbin wrote in a letter to Bondi and Patel on Tuesday. ‘These deliveries are threats intended to show that those seeking to intimidate the targeted judge know the judge’s address or their family members’ addresses. The targeted individuals reportedly include Supreme Court justices, judges handling legal cases involving the Administration, and the children of judges. Some of these deliveries were made using the name of Judge Esther Salas’s son, Daniel Anderl, who was murdered at the family’s home by a former litigant who posed as a deliveryman.’

‘These incidents threaten not only judges and their families, but also judicial independence and the rule of law,’ Durbin wrote. ‘It is imperative that the Justice Department (DOJ) and the Federal Bureau of Investigation (FBI) investigate these anonymous or pseudonymous deliveries and that those responsible be held accountable to the full extent of the law.’

Durbin asked that Bondi and Patel provide ‘information on any steps that DOJ or the FBI have taken to protect the judges and their families who have received anonymous or pseudonymous deliveries and to prevent further anonymous or pseudonymous deliveries and other threats.’ His letter also highlighted ‘the essential role that the U.S. Marshals Service (USMS) plays in protecting the federal judiciary and urge you to ensure that the size of the USMS workforce is not reduced.’ 

The Democrat said USMS Acting Director Mark P. Pittella reportedly sent a letter on April 15 to more than 5,000 USMS employees offering them the opportunity to resign. 

‘In the midst of increasing threats of violence against judges, it is inappropriate and unacceptable to reduce the size of the agency tasked with protecting the federal judiciary and the judicial process,’ Durbin wrote. ‘Accordingly, I ask you to commit to fully supporting USMS and to maintaining or increasing its current number of employees.’ 

The letter further asked that Bondi and Patel brief the committee and provide responses to a series of questions by May 20, including how many anonymous pizza deliveries have been sent to judges’ homes or the homes of their family members since Jan. 20 – President Donald Trump’s Inauguration Day; whether each matter prompted an investigation and if not, why; and how many suspects have been identified and if there’s any reason to suspect coordination. 

Durbin said any responses with ‘classified or law-enforcement sensitive material’ should be sent to the committee Democrats under a separate cover.

The letter only named one impacted judge – U.S. District Judge Esther Salas. 

Salas’ 20-year-old son, Daniel Anderl, was murdered on July 19, 2020, at the family’s home in North Brunswick, New Jersey. The gunman, who posed as a FedEx delivery driver, also critically wounded Salas’ husband. The suspect was identified as Roy Den Hollander, a self-proclaimed anti-feminist lawyer who previously appeared in Salas’ courtroom. Authorities said Den Hollander died of a self-inflicted gunshot wound in upstate New York days after killing Daniel. 

Before the shooting, Salas had handled high-profile cases, including those involving Jeffrey Epstein and the Real Housewives of New Jersey stars Teresa and Joe Giudice.

Last month, Salas told news outlets that she and other judges have received strange pizza deliveries at their homes, with at least 10 of them having her son’s name on the order. 

In March, Supreme Court Justice Amy Coney Barrett’s family members reported receiving strange pizza deliveries to separate households, Newsweek reported. Authorities said Barrett’s sister also received a bomb threat. 

J. Michelle Childs of the U.S. Court of Appeals for the District of Columbia Circuit also claimed in a podcast last month that a mysterious pizza delivery had arrived at her door. 

‘Federal judges are receiving anonymous deliveries as an intimidation tactic. It’s an ongoing threat… and it’s increasing,’ Durbin wrote on X. ‘Some deliveries are even using the name of a judge’s son who was murdered by a former litigant posing as a deliveryman. Attorney General Bondi and FBI Director Patel must investigate.’ 

‘Judges are facing ongoing and increasing threats… even against their families,’ Senate Judiciary Democrats said on X. ‘Pam Bondi must commit to fully supporting the Marshals Service and—at minimum—maintaining the current size of its workforce.’ 

Fox News Digital reached out to the Justice Department and the FBI for comment early Wednesday but did not immediately hear back. 

This post appeared first on FOX NEWS
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Tears of joy as Valerie the runaway dachshund finally reunited with owners

Valerie the dachshund has finally been reunited with her owners after surviving 540 days alone on Kangaroo Island in South Australia.

Owners Georgia Gardner and Josh Fishlock described the moment they got to hold the tiny pup in their arms in a statement published Wednesday.

Gardner said she “burst into tears” when Valerie ran up to her as they saw each other again for the first time on Tuesday.

“She was wagging her tail, making her little happy sounds, and wiggling around with joy. I held her and cried and cried,” she said in the statement.

“She’s stockier now, strong and healthy… healthier than we are, honestly!” added Gardner.

Fishlock said the pair hadn’t expected to see Valerie again.

“It still doesn’t feel real,” he said in the statement.

Valerie, who will soon celebrate her third birthday, went missing on a camping trip to the island in November 2023.

When strangers tried to help, she fled into the undergrowth, and her owners eventually gave up and returned home to the mainland.

With no sightings it was assumed Valerie had met her match with a snake or perhaps one of the giant Rosenberg’s goannas — reptiles up to 1.5 meters (5 feet) long — that occupy the island.

However, reports of sightings started to emerge, sparking a massive search operation led by volunteers from the Kangala Wildlife Rescue, a non-profit group set up in 2020 following the devastating Australian bushfires.

Valerie was eventually found on April 25, and has been looked after by the charity since.

Director Jared Karran described Valerie as “truly something special.”

“She was just so much smaller than we imagined. If it was a miracle before that she’d survived — seeing her size — it’s just unbelievable that she was able to survive and thrive out there!” he said in the statement.

Home to around 5,000 people, Kangaroo Island is about 45 minutes from the mainland by ferry. Tourists go there to see Australian native wildlife, but officials have long had a problem controlling introduced species including feral cats. The island is thick with bush, and there are many places for a small dog to hide.

Another difficulty is the island’s vibrant ecosystem, according to the charity.

“One of the reasons this is such a difficult rescue and not as easy as just baiting and setting traps, is due to the fact we are constantly competing with hundreds of wildlife like possums, wallabies, kangaroos, goannas and feral cats. All which are all just after a feed also,” the group said in a post on Facebook before the little dog was found.

Now Valerie is preparing to return home to Albury, New South Wales, where she will be reunited with Gardner and Fishlock’s other pets, Lucy the rescue cat, Mason the red heeler and their latest addition, Dorothy, a fellow dachshund.

This post appeared first on cnn.com
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GORDON CHANG: Trump can reshape the Middle East and outfox China with one stunning move

NEWYou can now listen to Fox News articles!

Israeli and Turkish warplanes skirmished over Syria this past weekend. 

Israel, in northern Syria, has been bombing militias affiliated with the government of Turkey. According to Turkish media sources, Ankara’s F-16s sent ‘warning messages’ to the Israeli planes. 

Israel denied the reports of the aerial confrontation.

Recep Tayyip Erdogan, Turkey’s president, said that the ‘Israeli attacks compromise the balance in the region since the fall of the Syrian regime.’ Bashar al-Assad fled Syria to Russia as his totalitarian government fell in early December. He has since been granted asylum there.   

The recent aerial confrontation could spark a wider war and put an end to attempts by the former militant and Syria’s current president, Ahmed al-Sharaa, to reestablish stability and move his country closer to the United States. 

Disruptive actors want to take over Damascus. Erdogan, for instance, helped bring down Assad and now hopes to pull Syria into his orbit. China, which supported the horrific Assad regime until the end, is now trying to influence the new government in Damascus so it can eventually dominate that country.

Sharaa is resisting Beijing’s attempts. ‘Syria is now led by a true reformer,’ Jonathan Bass, who had extensive discussions with Sharaa in Damascus last week about religious freedom and other topics, told me. 

‘This is a critical moment in Syria’s transition,’ Dr. Sharvan Ibesh of the Bahar Organization, a humanitarian NGO active in Syria, told me last week.

Ibesh’s assessment is certainly correct. Before Sharaa can achieve anything, he will need to end the conflict in his skies. There is only one person who can separate Israel, America’s long-term partner in the region, and Turkey, an increasingly troublesome NATO ally. That person, of course, is President Donald Trump.

Why would Trump get involved? 

There are two principal reasons. First, Sharaa wants trade and investment. This is an historic opportunity for American business, which has been shut out of that portion of the region. Syria is devastated after decades of misrule and war, and Americans can build, sell, and provide just about everything.

Trump says China wants to make a deal

The second reason involves China. ‘Syria is up for grabs,’ Mouaz Moustafa of the Syrian Emergency Task Force, a humanitarian group active in that country, said to me. ‘The Chinese continue to push hard to fill a vacuum, knowing that the longer the U.S. takes to come along the higher the chances are that China will economically occupy Syria.’

‘We do not want to be stuck with China being the only choice for Syria when it comes to rebuilding our liberated country,’ says the Bahar Organization’s Ibesh.

Dr. Haytham Albizem of Global Justice, a U.S.-based NGO, told me that President Sharaa has not accepted Beijing’s persistent offers but ‘eventually he will shake the hand that wants to help him rebuild the country he leads if he does not have any alternative.’

Bass, CEO of Argent LNG, confirms that Beijing has pressured Syrian officials to take its money but the Syrians have held out because of concerns about the long-term effects of Chinese presence. Sharaa in fact told Bass he wants to build a ‘pluralistic society,’ in other words, a nation not like China but like America.

Washington’s sanctions, put in place during the Assad years, prevent American involvement. Trump can lift them.

NATO ambassador touts Trump as the

Trump will be in Saudi Arabia next week. He will visit Riyadh on May 13. Syrian officials are trying to schedule a meeting between the American president and Sharaa in the Saudi capital to discuss U.S. companies entering Syria. 

‘I want to make a deal with Donald Trump,’ Sharaa told Bass. ‘He’s the only man I trust.’ 

‘He is the only man capable of fixing this region, bringing us together, one brick at a time,’ Sharaa added.

‘This is a moment when the United States can, for the first time in decades, establish vibrant commercial and investment ties with Syria and thereby bring peace to the Middle East as a whole,’ Bass says.

If, however, China takes over Syria, which borders Israel in the Golan Heights, there will be no peace. Beijing fully backed Iran’s October 7 assault on the Jewish state with economic, diplomatic, propaganda, and weapons support. China will similarly disrupt the region from Syria if it gains control of Damascus.

Assad

‘If China is entrenched in Syria, it means Iran will be entrenched there too,’ Bass says. ‘The stakes are high for America because Israel would be pressured by a China-Iran proxy directly on one of its borders.’ 

That’s true, but America’s continued role in the region raises a broader issue. ‘Does the USA want to be the Policeman of the Middle East, getting NOTHING but spending precious lives and trillions of dollars protecting others who, in almost all cases, do not appreciate what we are doing?’ Trump tweeted in December 2018. 

Obviously not. But Sharaa, as he told Bass, wants to make Syria like America, not with the American military but with American goods, investment, and services. 

The opportunity for the U.S. is historic.

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LEE CARTER: The secret sauce of Trump’s success that continues to mystify his most ardent critics

NEWYou can now listen to Fox News articles!

In the world of President Donald Trump, the constant refrain that he ‘needs to do this’ or ‘must pass that’ in the next 200 days misses the point entirely. Trump doesn’t operate within the usual political playbook, and trying to fit him into conventional expectations is a mistake. Advisers often treat him like a typical politician: pass policies, build alliances, show a unified front. Tone it down.  Stop being so…. Well, Trumpian.  But that’s not who he is. And it certainly isn’t what he should do.

Trump’s power lies in owning the story, controlling the narrative’s chaos, and shaking things up in ways no one else can—or would dare to. 

His actions may seem reckless or absurd to some, but they’re often strategic—designed to grab attention, set the agenda, and keep everyone reacting to him. 

Let’s think about the events over just the last several days. Trump once again seized the digital spotlight, posting AI-generated images of himself as the pope and a ‘Star Wars’ character, musing about reopening Alcatraz, vacillating on tariffs, and even questioning his adherence to the Constitution. 

As expected, the world reacted: some with admiration, others with indignation. His supporters lauded him as a bold disruptor of the status quo, while critics labeled him dangerous, blasphemous, even absurd.

If you take every Donald Trump moment at face value, you’re missing the point.

But here’s the crux: if you take every Trump moment at face value, you’re missing the point.

To truly grasp Donald Trump, you need to step back—not just from the headlines, but from the impulse to interpret every word, post, or proposal literally. 

White House touts Trump 100-day mark amid tariff uncertainty

His approach isn’t straightforward. It’s theatrical, rhetorical, and deeply strategic. Parsing his statements is akin to interpreting religious texts. Some see every word as gospel truth. Others find symbolism, guidance, or metaphor. The same spectrum of interpretation applies to Trump.

If you treat Trump’s words as fixed policy declarations, you’ll find yourself in chaos. But if you view them as part of a broader strategy—to capture attention, steer the conversation, and frame negotiations—you begin to discern the method in the madness.

Consider tariffs. Are they economic policy? Or a pressure tactic? I’d argue they’re the latter—a means to move markets, project toughness, and reset expectations. Or take his musings about running in 2028. Is that a literal campaign launch? Or is he shaping the narrative around leadership, succession, and legacy?

Pace and progress made in Trump

This is Trump’s true power: not in the precision of his plans, but in his ability to control the agenda. He creates noise not to distract, but to dominate. He doesn’t wait to join the conversation—he is the conversation. And in doing so, he forces everyone else to react on his terms.

So, what should Trump do in the next 200 days? The answer is simple: keep doing what he’s doing. The more he challenges conventions, the more he reaffirms his brand as the disruptor who fights for ‘the everyman.’ Policy details don’t necessarily matter as much as the message that he is shaking up the establishment and battling an unfair system. 

Success for him isn’t about passing specific bills; it’s about owning the conversation and proving he’s the only one willing to blow things up to get results.

If Trump can continue this strategy—owning the narrative, showing he’s fighting for the ‘little guy,’ and not over-complicating it—he remains relevant. 

Trump declares

The reality? His core support won’t shift because of policy; it’ll shift if he stops being Trump. So, the next 200 days should be about staying true to his persona, deciding what noise to generate, and letting others scramble to chase his lead.

Ultimately, how you interpret Trump’s actions reveals more about you than about him. If you see him as a menace, every statement becomes a threat. If you see him as a visionary, every statement signals bold change. If you see him as a negotiator, the unpredictability makes perfect sense.

You don’t have to like Trump to understand him. But ignoring the mechanics of how he shapes public discourse is missing the most crucial part of the story.

He’s not just running for office. He’s running the conversation. And in essence, Trump needs to keep doing what he does best—disrupt, distract, and dominate. The rest is just noise.

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Copper Crunch: China’s Stockpiles Depleting, US Demand Rising

Copper prices are being pushed skyward as China’s stockpiles sit on the verge of depletion and as US demand for the red metal surges, fueled by looming trade restrictions under the Trump administration.

According to Mercuria, the market is undergoing “one of the greatest tightening shocks” in its history.

“At the current pace of draws, those Chinese inventories could deplete (to zero) by the middle of June,” Nicholas Snowdon, head of metals and mining research at the commodities trading house, told the Financial Times.

“Beijing had a razor-thin inventory buffer” to meet its soaring domestic demand, he added.

Copper inventories held in Chinese warehouses fell by a record 55,000 metric tons last week alone, sinking to just 116,800 metric tons. The sudden drawdown has placed further stress on a market that is already being strained by geopolitical tensions and a shift in long-term demand driven by clean energy initiatives and electrification.

The copper squeeze is being exacerbated by US buyers rushing to secure supply ahead of potential new tariffs.

US President Donald Trump has signaled that his administration is investigating “dumping and state-sponsored overproduction” of copper, echoing the rationale used for the imposition of 25 percent levies on steel and aluminum.

Copper futures prices on the Comex in New York have soared, rising 16.35 percent year-to-date to trade for US$4.69 per pound. The rally has been further buoyed by signs that China’s Ministry of Commerce is open to trade talks with the US — it has reportedly “taken note” of Washington’s signals and is evaluating the possibility of engagement.

As a result, inventories in Comex warehouses have surged to their highest levels since 2018.

The copper crunch is not confined to refined metal.

Analysts warn that Chinese access to copper scrap — a vital feedstock for its smelting industry — is also under threat from retaliatory trade measures and possible US export controls.

China relies heavily on imported scrap, and the US remains a key supplier. In 2024, the US exported 960,000 metric tons of copper scrap, nearly half of which went to China, according to data from Fastmarkets.

This year, exports are already trending lower: 142,000 metric tons were shipped in January and February, down from 149,000 metric tons in the same period last year. If the US imposes a ban on scrap exports or China imposes retaliatory import duties, the shortage in Asia’s largest economy could become even more acute.

Copper’s strategic role in the energy transition

Beyond short-term trade politics, copper is at the heart of a deeper structural transformation.

As the global economy pivots toward electrification and decarbonization, demand for the base metal is set to soar — despite advances in material efficiency and substitution.

During a recent webinar, Michael J. Finch, head of strategic initiatives at commodities price and data firm Benchmark Mineral Intelligence, noted that the accelerating deployment of electric vehicles (EVs), EV charging infrastructure and renewable energy sources is rapidly driving up copper intensity across energy systems.

“What … we can’t forget is, what are the requirements on the grid network? What are the requirements on power generation because of EVs, because of the charging infrastructure?” Finch said. He emphasized to attendees that while copper usage per EV has declined from around 100 kilograms in 2015 to about 68 to 70 kilograms today due to design optimizations and thrifting, total copper demand from the EV sector is still expected to rise sharply.

“We’re still looking at a market here … (of) over 5 million tonnes by 2040,” he said.

“That’s going to need a lot of charging infrastructure. That’s going to need a lot of grid upgrades. That’s going to need a lot of renewable power to be put in place,’ Finch added.

The overlapping dynamics of geopolitical uncertainty, rising protectionism and shifting energy priorities have created a volatile cocktail that could reshape global copper trade flows.

Efforts are underway in the US to take advantage of this shift. European copper producer Aurubis is investing 740 million euros in a new recycling facility in Richmond, Georgia, aimed at bolstering domestic supply. The plant, which is expected to be operational by the end of the fiscal year, will rely primarily on scrap sourced within the US.

Meanwhile, analysts are watching closely to see if the US and China can defuse trade tensions before they further destabilize a market that is already stretched thin.

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

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World

India and Pakistan are on the brink of all-out war. Here’s what we know

India launched military strikes on Pakistan on Wednesday and Pakistan claimed it shot down five Indian Air Force jets, in an escalation that has pushed the two nations to the brink of war.

The escalation puts India and Pakistan, two neighbors with a long history of conflict, in dangerous territory, with Islamabad vowing to retaliate against India’s strikes and the international community calling for restraint.

New Delhi said the strikes are in response to the massacre of 26 people – mostly Indian tourists – who died in April when gunmen stormed a scenic mountain spot in the India-administered part of Kashmir, a disputed border region. India has blamed Pakistan for the attack, which Islamabad denies.

Here’s what we know so far.

What happened with India’s strikes?

India launched “Operation Sindoor” in the early hours of Wednesday morning local time (Tuesday night ET) in both Pakistan and Pakistan-administered Kashmir.

Indian officials said nine sites were targeted, but claimed no Pakistani civilian, economic or military sites were struck. They said the 25-minute operation targeted “terrorist infrastructure” belonging to two militant groups – Lashkar-e-Tayyiba and Jaish-e-Mohammed.

The name ‘Sindoor’ appears to be a reference to the red vermilion, or powder, many Hindu women wear on their foreheads after marriage. The April tourist massacre – which singled out men as victims – left several Indian women widowed.

A Pakistani military spokesperson said six locations were hit with 24 strikes. Some of those strikes hit the densely populated province of Punjab, Pakistan’s military said, and were the deepest India has struck inside Pakistan since 1971, when the two countries fought one of their four wars.

How did Pakistan respond?

Pakistani security sources claimed they had shot down five Indian Air Force jets and one drone during India’s attack.

They did not say exactly where, or how, the jets were downed – but said three Rafale jets were among those planes. India’s Rafale fighter jets are prized military assets that it bought from France only a few years ago.

An eyewitness and local government official said an unidentified aircraft crashed in the village of Wuyan in Indian-administered Kashmir. Photos published by the AFP news agency showed aircraft wreckage lying in a field next to a red-brick building.

It was not immediately clear from the photos who the aircraft belonged to.

Pakistani Prime Minister Shehbaz Sharif said on Wednesday the country “has every right” to respond, calling India’s actions an “act of war.”

How many casualties are there?

At least 26 civilians were killed and 46 injured by India’s strikes, a Pakistan military spokesperson said, according to the news agency Reuters.

Lt. Gen. Ahmed Sharif Chaudhry, a spokesperson for Pakistan’s military, said those killed include teenagers and children – the youngest of whom was three years old.

Seven civilians in Indian-administered Kashmir were also killed by shelling by Pakistani troops from across the border, Reuters reported, citing police there.

What else is happening on the ground?

On Wednesday, the two sides also exchanged shelling and gunfire across the Line of Control (LOC), the de facto border that divides Kashmir.

Authorities in Indian-administered Kashmir have ordered citizens to evacuate from areas deemed dangerous, saying accommodation, food and medicine will be provided.

The strikes have disrupted flights, with Pakistan closing parts of its airspace. Multiple major international airlines are avoiding flying over Pakistan, while several Indian airlines have reported disrupted flights and closed airports in the country’s north.

Some context: There have been regular exchanges of gunfire along the Line of Control in the weeks following the Pahalgam massacre.

What prompted all of this? What is Kashmir?

Muslim-majority Kashmir has been a flashpoint in India-Pakistan relations since both countries gained their independence from Britain in 1947.

The two nations to emerge from the bloody partition of British India – Hindu-majority India and Muslim-majority Pakistan – both claim Kashmir in full and, months after becoming independent, fought their first of three wars over the territory.

The divided region is now one of the most militarized places in the world.

India has long accused Pakistan of harboring militant groups there that conduct attacks across the border, something Islamabad has long denied.

The massacre in the tourist hotspot of Pahalgam in April sparked widespread anger in India, putting heavy pressure on the Hindu-nationalist government of Prime Minister Narendra Modi.

India immediately blamed Islamabad, sparking tit-for-tat retaliatory measures in which both countries downgraded ties, canceled visas for each other’s citizens, and saw India pull out of a key water-sharing treaty.

What could come next?

The three previous wars over Kashmir have each been bloody; the last one in 1999 killed more than a thousand Pakistani troops, by the most conservative estimates.

In the decades since, militant groups have fought Indian security forces, with violence killing tens of thousands. The two countries have clashed multiple times, most recently in 2019 when India conducted airstrikes in Pakistan after it blamed Islamabad for a suicide car bomb attack in the region.

But those recent clashes did not explode into all-out war. Both sides are aware of the risks; since 1999, the two countries have worked to strengthen their militaries, including arming themselves with nuclear weapons.

How is the world reacting?

The strikes have raised global alarm and pleas for the two nations to prevent further escalation.

United Nations Secretary-General António Guterres voiced “deep concern” over India’s strikes, warning that the world “cannot afford a military confrontation” between the two nations.

The United States – which had urged restraint from both countries last week – said it was “closely monitoring developments,” according to a State Department spokesperson.

“We are aware of the reports, however we have no assessment to offer at this time,” the spokesperson said Tuesday. “This remains an evolving situation, and we are closely monitoring developments.”

The United Arab Emirates, China and Japan have also called for both sides to de-escalate.

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Investing

5 Biggest Pharmaceutical ETFs in 2025

The global pharmaceutical market reached a total value of US$1.38 trillion in 2024, according to Research and Markets, up significantly from the US$888 billion seen just over a decade earlier in 2010.

Experienced and novice investors alike may want to consider pharmaceutical exchange-traded funds (ETFs) as a way to gain exposure to the top pharma companies. Like all ETFs, pharmaceutical ETFs are a good option for those who want to trade a set of assets in the pharmaceutical industry instead of focusing solely on individual pharmaceutical stocks.

The main advantage of a pharmaceutical ETF is the fact that it can provide exposure to an overarching sector, but still trades like a stock. Pharma ETFs also offer less market volatility and lower fees and expenses.

Big pharma ETFs

Many of these funds have diverse holdings across some of the most important sectors in the pharmaceutical industry, including pain therapeutics, oncology, vaccines and biotechnology. Data was gathered on May 6, 2025.

1. VanEck Pharmaceutical ETF (NASDAQ:PPH)

Total assets under management: US$653.61 million

Established in late 2011, the VanEck Pharmaceutical ETF tracks the MVIS US Listed Pharmaceutical 25 Index. It has the capacity to provide big returns, even though there are some risks attached to the ETF. An analyst report indicates that investors looking for ‘tactical exposure’ to the pharma sector might consider this ETF as an investment option.

The ETF has 25 holdings, with the top five being Eli Lilly (NYSE:LLY) at a weight of 12.17 percent, AbbVie (NYSE:ABBV) at 6.48 percent, Johnson & Johnson (NYSE:JNJ) at 6.45 percent, Novartis (NYSE:NVS) at 5.43 percent and Cencora (NYSE:COR) at 5.34 percent.

2. iShares US Pharmaceuticals ETF (ARCA:IHE)

Total assets under management: US$571.51 million

Created on May 5, 2006, this iShares ETF tracks some of the top US pharma companies. In total, the iShares US Pharmaceuticals ETF has 41 holdings, with the vast majority being large-cap stocks.

Of its holdings, Eli Lilly and Johnson & Johnson are by far the largest portions in its portfolio, coming in at weightings of 24.55 percent and 23.38 percent, respectively. The next highest are Royalty Pharma (NASDAQ:RPRX) at 4.93 percent, Zoetis (NYSE:ZTS) at 4.80 percent and Viatris (NASDAQ:VTRS) at 4.57 percent.

3. Invesco Pharmaceuticals ETF (ARCA:PJP)

Total assets under management: US$240.1 million

The Invesco Pharmaceuticals ETF is primarily focused on providing exposure to US-based pharma companies. An analyst report states that this ETF chooses individual securities based on certain investment criteria, namely stock valuation and risk factors. Invesco changed the fund’s name from the Invesco Dynamic Pharmaceuticals ETF in August 2023.

This ETF was started on June 23, 2005, and currently tracks 31 companies. Its top holdings are Abbott Laboratories (NYSE:ABT) with a weight of 5.2 percent, AbbVie at 5.17 percent, Johnson & Johnson at 5 percent, Gilead Sciences (NASDAQ:GILD) at 4.94 percent and Eli Lilly at 4.86 percent.

4. SPDR S&P Pharmaceuticals ETF (ARCA:XPH)

Total assets under management: US$139.14 million

The SPDR S&P Pharmaceuticals ETF came into the market on June 19, 2006, and represents the pharmaceutical sub-industry sector of the S&P Total Markets Index. An analyst report for the ETF suggests that due to its narrow focus — which includes pharma giants that post ‘big returns’ during times of consolidation — it should not be considered for a long-term portfolio.

This pharma ETF tracks 43 holdings, with relatively close weighting among its holdings. XPH’s top five holdings are Corcept Therapeutics (NASDAQ:CORT) with a weight of 5.26 percent, Eli Lilly at 3.99 percent, Royalty Pharma (NASDAQ:RPRX) at 3.98 percent, Zoetis at 3.87 percent and Johnson & Johnson at 3.81 percent.

5. KraneShares MSCI All China Health Care Index ETF (ARCA:KURE)

Total assets under management: US$82.86 million

The KraneShares MSCI All China Health Care Index ETF was launched in February 2018 and tracks an index of large- and mid-cap Chinese stocks in the healthcare sector, all weighted by market capitalization. According to an analyst report, the fund provides investors with ‘exposure to a relatively small slice of the Chinese economy.’

The ETF tracks 46 holdings, and its top five are Jiangsu Hengrui Medicine (SHA:600276) at 8.33 percent, BeiGene (OTC Pink:BEIGF,HKEX:6160) at 7.88 percent, Shenzhen Mindray Bio-Medical Electronics (SZSE:300760) at 6.79 percent, Wuxi Biologics (OTC Pink:WXIBF,HKEX:2269) at 6.67 percent and Innovent Biologics (OTC Pink:IVBXF,HKEX:1801) at 5.51 percent .

Securities Disclosure: I, Melissa Pistilli, hold no investment interest in any of the companies mentioned in this article.

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