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War Secretary Pete Hegseth said Wednesday that Iran’s decision to strike neighboring countries has backfired strategically, driving Gulf states that had hoped to stay out of the conflict ‘into the American orbit’ as the U.S. prepares to dramatically increase firepower over Tehran.

‘What Iran is doing by targeting allied countries that would otherwise want to stay out of this, they’ve actually pulled them into the American orbit,’ Hegseth said during a briefing at U.S. Central Command headquarters in Tampa, Florida.

He cited the United Arab Emirates, Qatar, Bahrain, Saudi Arabia and Kuwait as countries now offering expanded cooperation, arguing that Tehran’s retaliatory campaign has strengthened regional alignment with Washington rather than weakened it.

U.S. military officials say Iran has launched strikes against a growing number of countries in the region since the conflict began, with CENTCOM Commander Adm. Brad Cooper noting Tehran has targeted at least a dozen nations.

Rather than isolating the United States, Hegseth suggested Iran’s actions are consolidating support for the campaign.

‘The amount of firepower over Iran and over Tehran is about to surge dramatically,’ he said, pointing to additional base access and increased bomber operations.

Hegseth also addressed allied base access, including the United Kingdom’s initial hesitation to grant U.S. forces early access to strategic facilities. He said the issue has since been resolved and that British-controlled bases are now part of the expanding U.S. air campaign.

‘It was unfortunate that … the Brits didn’t, from day one say, ‘Hey, go ahead and have access,’’ he said. ‘But we got there, we got there. And that’s now part of the way that we’re operationalizing bomber runs. … The amount of firepower over Iran and over Tehran is about to surge dramatically, and part of it is that we’re going to have even more basing.’

Gulf and Arab governments have publicly condemned Iranian missile and drone strikes on their territories as violations of sovereignty and threats to regional security, while stopping short of criticizing U.S. military action.

Saudi Arabia, Qatar, Bahrain, Kuwait, the United Arab Emirates and Jordan issued a joint statement strongly condemning Iran’s ‘indiscriminate and reckless’ missile and drone attacks against sovereign territory in the region, reaffirming their right to self-defense.

Regional leaders have framed Iran’s actions as dangerous escalations rather than legitimate retaliation, underscoring a rare moment of unified public opposition among Gulf Cooperation Council members.

Beyond the Gulf, Azerbaijan has also protested what it says were Iranian drone strikes on its Nakhchivan exclave, which injured civilians and damaged the international airport. Baku summoned Tehran’s ambassador and said it reserved the right to take retaliatory measures in defense of its territory, even as Tehran denied responsibility for the incident.

Some regional analysts say Iran appears to have miscalculated by striking at U.S. assets in third-party nations.

‘It was absolutely inevitable that the Iranians would seek to lash out, to widen the conflict … but all they’ve really done is made everybody quite mad, and that was a really bad calculation on their part,’ said Danielle Pletka, a senior fellow at the American Enterprise Institute.

Peter Doran, a senior fellow at the Foundation for Defense of Democracies, noted the shift in regional alignment.

‘It would have been unbelievable just one year ago to see Saudi Arabia and the Gulf states lining up with the United States and Israel against the Islamic Republic,’ he said.

Hegseth dismissed suggestions that the war is spiraling outward, arguing that Iran’s actions are instead clarifying the battlefield and strengthening U.S. partnerships.

‘This idea that it’s expanding or going — no,’ he said. ‘It’s actually simplifying in a number of ways exactly what we need to achieve and how we’ll achieve it.’

Pentagon officials say U.S. bombers have struck nearly 200 targets in the past 72 hours, destroyed more than 30 Iranian naval vessels and significantly reduced missile and drone attacks since the opening days of the operation.

Officials maintain that the campaign’s objectives remain limited to degrading Iran’s ability to threaten Americans and its neighbors, even as the president has suggested he needs to have a say in who becomes Iran’s next leader.

‘I think the president’s having a heck of a say in who runs Iran, given the ongoing operation we have,’ Hegseth said.

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(TheNewswire)

Prismo Metals Inc.

Provides Drilling Update at Silver King

Vancouver, British Columbia, March 5th, 2025 TheNewswire – Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce the closing of its previously announced transaction with Blade Resources Inc. (‘Blade’) pursuant to which Prismo has assigned all of its rights, interests and obligations in the Hot Breccia copper project, located  in the heart of the Arizona copper belt (the ‘Transaction’), to Blade.

Alain Lambert, CEO of Prismo, commented: ‘In our opinion, Hot Breccia is one of the most compelling copper exploration opportunities in North America. We remain committed to advancing it toward drilling. The principals and financial backers of Blade have a long history and strong track record in raising significant capital for exploration programs of the scale required at Hot Breccia. We expect this will result in Hot Breccia being drilled this year.’

For additional commentary on the Transaction, please watch the interview Alain Lambert gave to Radius Research:

Drilling Update at Silver King

Dr. Craig Gibson, Chief Exploration Officer of Prismo provided an update on the current drill program at the Company’s Silver King project located in Arizona: ‘The first drill hole at Silver King, SK-26-01 was drilled vertically and was successful in traversing the mineralized body as projected from the historic workings and reached a total depth of 477 feet (145 meters). Two small voids that are likely underground workings were intersected near the elevation of the 114′ level and quartz veining extended from this level for about 100 feet down hole. Visible sulfide minerals are present in several intervals and the presence of silver minerals, including native silver, was confirmed through visual identification and with a handheld XRF analyzer. Freibergite (Ag bearing tetrahedrite), stromeyerite (AgCuS) and probably acanthite (AgS) are also present. The second hole, SK-26-02 is currently at a depth of 155 feet.’

Phase 1 Drill Program Highlights:

  • 1,000 meters of diamond drilling to test the upper portion of the steeply plunging, pipe-like Silver King mineralized body 

  • Fully funded program 

  • Additional drilling to test lower down in the mineralized structure and mineralized areas adjacent to the historic mine may also be completed 


Click Image To View Full Size

Fig. 1.  Permitted drill sites planned for initial Phase I drilling at the Silver King mine shown by white dots.  The orange line indicates the approximate location of the cross section in Fig. 2.  View looking south-easterly.

Drilling is currently focused on testing the upper portion of the steeply west-dipping pipelike stockwork and breccia zone that historically produced high-grade silver and base metals (Fig. 2), as well as targets adjacent to and beneath historic workings. Initial drilling is estimated at 1,000 meters in nine holes. A second phase of drilling will be dedicated to testing at deeper levels and areas adjacent to the historic mine.  The silver mineralization at Silver King is similar to that of portions of the nearby Magma Mine, and exploration for nearby copper mineralization is warranted.

The Magma Mine and Silver King Mine share a common regional geological framework in the Superior Mining District, characterized by a Precambrian to Paleozoic stratigraphic sequence including Pinal Schist basement, diabase sills, the Apache Group sediments, and Paleozoic limestones like the Martin Formation, all tilted eastward and intruded by Laramide-age igneous bodies such as quartz diorite stocks and andesite sills. While both exhibit fault-controlled mineralization—east-trending faults and veins with hydrothermal alteration like silicification and potassic zoning—Silver King features epithermal-mesothermal silver-dominant veins in porphyry with minerals like stromeyerite, tetrahedrite, and acanthite, contrasting Magma’s mesothermal copper-focused veins and limestone replacement ores (mantos) rich in chalcopyrite and bornite. This vertical zoning suggests Silver King’s shallower silver-enriched system may transition into deeper copper styles like Magma’s, with overlapping sulfides indicating potential for untapped polymetallic extensions, especially given Magma’s link to the underlying Resolution Copper porphyry deposit.

 

Fig. 2.  Cross section through Silver King mine showing workings and first four planned drill holes.

 


Click Image To View Full Size

Chief Exploration Officer Dr. Craig Gibson supervising drilling at Silver King


Click Image To View Full Size

Core logging at Silver King, hole SK-26-01

Additional Information on the Transaction

In consideration for the Transaction, Prismo was issued 6,755,000 common shares of Blade and received a cash payment of $185,000. Following completion of the Transaction, Prismo owns approximately 24% of Blade’s issued and outstanding shares and is Blade’s largest single shareholder (see additional early warning disclosure below).

Strategic Rationale of the Transaction

The Transaction provides several strategic benefits:

  • Value Creation: Prismo is leveraging its investments in Hot Breccia into a significant stake in a company dedicated to advancing the Hot Breccia project. 

  • Access to Capital with Limited Dilution: The structure provides enhanced access to capital for the Hot Breccia drill program through Blade, without direct dilution to Prismo shareholders. 

  • Strategic Focus: Prismo will focus on advancing its remaining Arizona projects — Silver King and Ripsey Gold — while Blade dedicates its efforts to advancing Hot Breccia. 

  • Enhanced Attractiveness to Strategic Partners: With the potential for 100% ownership of Hot Breccia, Blade will be in a better position to possibly attract majors or strategic buyers. 

Additional Prismo Rights under the Transaction

Under the terms of the Transaction:

  • Prismo has the right to nominate one representative to Blade’s board of directors. The Company has not yet determined its initial nominee. 

  • Blade has granted Prismo participation rights in future equity offerings, allowing Prismo to subscribe for shares on substantially the same terms as other investors in order to maintain its undiluted ownership percentage in Blade. 

Early Warning Disclosure

This news release is issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Prior to the Transaction, Prismo did not own any common shares of Blade. The common shares of Blade were acquired by Prismo for a total consideration of $2,364,250 and were acquired for investment purposes with a view to Blade’s potential listing on a Canadian stock exchange.

Except as described in this news release, Prismo has no present plans or intentions that relate to or would result in any of the matters enumerated in paragraphs (a) through (k) of Item 5 of Form 62-103F1.

Prismo will file an early warning report in accordance with applicable securities laws, which will be available under Blade’s profile on SEDAR+ at www.sedarplus.ca . A copy of the early warning report may be obtained by contacting Gordon Aldcorn at the contact details below.

Qualified Person

Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release.  

About Prismo Metals Inc.

Prismo (CSE: PRIZ,OTC:PMOMF, OTCQB: PMOMF) is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.

About Blade Resources Inc.

Blade Resources is a private mining exploration company focused on development of North American copper and precious metals projects.

Please follow @PrismoMetals on , , , Instagram, and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6  Phone: (416) 361-0737

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information relates to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as intends’ or anticipates‘, or variations of such words and phrases or statements that certain actions, events or results may’, could’, should’, would’ or occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the anticipated closing and closing date of the Transaction; the strategic rationale and potential upside of the transaction with Blade,  the future development of the Hot Breccia project and Blade’s ability of Blade to successfully implement its strategic and business objectives, including potentially attracting majors or strategic buyers; and the ability of Prismo to fund its exploration activities on its other projects.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: that the Transaction may not close as anticipated, or at all; delays incurred by Blade in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia; the inability of Blade to successfully acquire a 100% interest on the Hot Breccia project; delays incurred by the Company in obtaining or failure to obtain appropriate funding to finance exploration programs for its other projects; the risk that mineralization will not be as anticipated at the Hot Breccia project or at the Company’s other projects; metal prices; market uncertainty; and other risks and uncertainties application to exploration activities and the Company’s business as set forth in the Company’s disclosure documents available for viewing under the Company’s profile on SEDAR+ at www.sedarplus.com.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund exploration programs at Hot Breccia or on the Company’s other projects, and the timing of such exploration programs; the ability of Blade to complete the option to acquire a 100% interest in the Hot Breccia project and to successfully carry out its business and strategic objectives following completion of the transaction; and that the Hot Breccia project and the Company’s other projects will have the anticipated mineralization and other qualities.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Copyright (c) 2026 TheNewswire – All rights reserved.

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In less than a week, Canadian Prime Minister Mark Carney has gone from supporting U.S. actions against Iran to raising the issue that the U.S. and Israel ‘acted without engaging the United Nations or consulting with allies, including Canada’ to on Wednesday not ruling out Canadian military participation in the conflict.

‘He’s been all over the place,’ Nader Hashemi, a Canadian-born associate professor of Middle East politics at Georgetown University, told Fox News Digital. ‘It doesn’t look very good for him or for the government of Canada.’

‘My own reading is that he’s influenced by public opinion and his understanding of Canada’s national interests and where they lie, and specifically the relationship with the United States at its core. His first statement was very supportive of the American-Israeli attack and then he walked it back two days later when he got a lot of pushback because there was no reference to Canada’s support for international law, rules-based order and the United Nations.’

When asked whether Canada would join the U.S. military against Iran during his visit to Australia on Wednesday, Carney told reporters that ‘one can never categorically rule out participation’ and that Canada ‘will stand by our allies, when makes sense.’

However, former NATO commander and retired Canadian major-general David Fraser told CTV News Channel that it’s ‘unlikely’ that Canada would be drawn into the U.S.-Israeli war against Iran unless a member state, such as Turkey, called for assistance under Article 5 of the North Atlantic Treaty.

Carney’s latest comments signal the Canadian prime minister’s desire to ensure that ‘it doesn’t create a deeper rupture with the United States than already exists,’ said Hashemi.

Melissa Lantsman, deputy leader of the Canadian Conservative Party, summarized the prime minister’s changing position on the U.S.-Israeli attacks on Iran with a post on X: ‘We support it, we’re upset about it, we think it’s bad, but also, we might join in.’

Her colleague, Michael Chong, the Conservative shadow minister for foreign affairs, told Canadian broadcaster CTV that ‘supporting the airstrikes and at the same time calling for a secession of those strikes’ is ‘an inherent contradiction.’

Carney has also had pushback from the political left.

After the airstrikes against Iran began, Alexandre Boulerice, foreign affairs critic for the New Democratic Party of Canada, said in a statement that his party ‘strongly condemns the American and Israeli bombings of Iran’ and ‘deplores the Carney government’s decision to blindly support this dangerous venture by Israel and Donald Trump’s administration. We want Canada to be a voice for diplomacy, peace and international law.’

During his Australian tour this week, the prime minister said that ‘hegemons are increasingly acting without constraint or respect for international norms or laws while others bear the consequences.’

He also said Canada supports ‘efforts to prevent Iran from obtaining a nuclear weapon and to prevent its regime from further threatening international peace and security,’ but noted that Canada ‘take[s] this position with regret because the current conflict is another example of the failure of the international order.’

Carney said that ‘Canada calls for a rapid de-escalation of hostilities and is prepared to assist in achieving this goal.’

At a security and defense conference in Ottawa, also this week, Foreign Affairs Minister Anita Anand said that Canada calls ‘on all sides to respect the rules of international engagement’ and that ‘international law binds all parties’ in the Middle East conflict.

The results of an Angus Reid Institute poll, involving 1,619 respondents and released on Tuesday, showed that 49% of Canadians opposed the U.S.-Israeli airstrikes against Iran, while 34% were supportive.

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Sen. Markwayne Mullin, R-Okla., was just tapped to replace embattled Homeland Security Secretary Kristi Noem, but first he must be confirmed by the Senate.

But with anger and frustration over the direction of the Department of Homeland Security under Noem still simmering, and the agency still shut down, Senate Democrats aren’t likely to make that an easy process.

Still, Mullin said he was ready for the challenge ahead.

‘We’re going to try to earn everybody’s vote,’ Mullin said.

‘I want people to understand I’m not — when I go into this position, yes, I’m a Republican, yes, I’m conservative,’ he continued. ‘But the Department of Homeland Security is to keep everybody — regardless of whether you support me, if you don’t support me, regardless of what your thoughts are — I’m here to enforce the policies that Congress passed.’

Mullin’s confirmation process could become the next battleground for Senate Minority Leader Chuck Schumer, D-N.Y., and Democrats to continue their campaign of handcuffing Immigration and Customs Enforcement (ICE).

They have so far rejected every offer from the White House on compromise reforms to the agency and on Thursday again blocked a full-year funding bill to reopen DHS.

‘I’ve been asked if I would support Sen. Mullin as Noem’s replacement,’ Schumer said on X. ‘The answer is a resounding NO. The rot in DHS is deep, much deeper than any individual. It’s a question of policy, not personnel. The Senate should not consider any DHS Secretary nominee until DHS and ICE are reined in.’

Mullin said that he would sit down with Schumer if the top Senate Democrat wished, but reiterated that he was after every Democrats’ vote for the job.

‘At the end of the day, all I can do is do my job,’ Mullin said. ‘I’m not going to get into, you know, a tit-for-tat, but if they have real concerns, I’m going to listen to it. I’m going to see if it’s practical. But nothing’s going to prevent me from doing my job.’

Floor and committee time is a valuable commodity in the Senate, which is currently processing a colossal housing package and still trying to reopen the very agency Mullin has been tapped to run.

Senate Majority Leader John Thune, R-S.D., hopes to get the ball rolling quickly to fill the position, given that President Donald Trump set Noem’s exit date from the job for March 31.

‘He’s obviously pretty well-vetted around here, so hopefully we can get the process going, because I think that’s a position that’s going to need to be filled quickly,’ Thune said.

And Noem’s confirmation last year wasn’t a smooth process, either. The Senate confirmed her 59 to 34, with only seven Senate Democrats voting with all Republicans to install her in the position. 

Sen. Gary Peters, D-Mich., was one of the few who joined Republicans to confirm Noem. He’s also the top-ranking Democrat on the panel and will be heavily involved in vetting his colleague for the position.

When asked by Fox News Digital if he envisioned hurdles for Mullin ahead, Peters said, ‘I don’t know.’

‘I haven’t thought about it yet,’ he said. ‘This is all new information, so give me time to process it. Then I’m happy to answer questions.’

Trump’s decision to tap Mullin comes as support among Senate Republicans for Noem was crumbling. She faced a grilling from Sens. Thom Tillis, R-N.C., and John Kennedy, R-La., during a Senate Judiciary Committee hearing earlier in the week, and many Republicans weren’t quick to say they still backed her afterward.

Others were still in her corner.

‘I think Kristi Noem has done a good job,’ Sen. Rick Scott, R-Fla., said.

Still, despite what could become a grueling confirmation effort, Mullin has at least one Senate Democrat he doesn’t have to worry about supporting him: Sen. John Fetterman, D-Pa., who called the lawmaker a ‘nice upgrade’ compared to the outgoing Noem.

‘Yes, we’re in a different party, but this is the choice,’ Fetterman said. ‘I want to work together to make our America more secure.’

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House Democrats largely voted to allow the Department of Homeland Security (DHS) shutdown to keep going on Thursday, shrugging off Republicans’ concerns about the increased domestic terror threat amid the U.S.-Israeli operation in Iran.

It comes hours after President Donald Trump shocked Capitol Hill by ousting DHS Secretary Kristi Noem and appointing Sen. Markwayne Mullin, R-Okla., as his replacement.

But that did not stop the vast majority of Democrats from voting against a bipartisan DHS funding bill aimed at funding the cabinet agency through Sept. 30, the end of the fiscal year. 

The bill did pass the House in a 221 to 209 vote, with all but four House Democrats voting against it — a significant indicator that Noem’s firing is not enough to tip the scales in the ongoing standoff. The Democrats who voted in favor of the funding bill are Reps. Henry Cuellar, D-Texas, Jared Golden, D-Maine, Marie Gluesenkamp-Perez, D-Wash., and Don Davis, D-N.C.

Nearly identical legislation already passed the House in January, but House GOP leaders wanted to force the vote again in light of heightened national security concerns within the country’s borders.

While largely symbolic, it shows Republicans’ pressure strategy is falling on deaf ears as the left continues to protest President Donald Trump’s strategy to combat illegal immigration.

The bill was the product of original bipartisan negotiations that followed the longest-ever full government shutdown in U.S. history, which ended in November after 43 days.

It would fully fund all aspects of DHS while also including new guardrails on Immigration and Customs Enforcement (ICE) demanded by Democrats, like a body-worn camera mandate and new required training on public engagement and de-escalation.

But Democrats walked away from the deal en masse amid fallout from Trump’s immigration crackdown in Minnesota, which saw two U.S. citizens shot and killed by federal agents during anti-ICE demonstrations there. The operation has since ended.

Democratic leaders are still insisting on withholding their caucus’ support, however, until further restrictions are put on ICE and Customs and Border Protection (CBP) agents on the ground in various cities.

And House Minority Leader Hakeem Jeffries, D-N.Y., signaled to reporters that Noem’s ouster was not enough.

‘It’s not like Kristi Noem was the one who was involved in negotiating anything. She was a corrupt lackey. So we were dealing with the White House before, and we’re going to continue to deal with the White House at this point,’ he said.

Meanwhile, the resulting DHS shutdown has taken on new significance as the U.S. continues its campaign to take out Iran’s top leadership and its military sites.

Republican leaders are warning that keeping DHS in a shutdown state is dangerous for national security, given its jurisdiction over agencies that monitor threats from home and abroad.

‘Now is the time to be vigilant at home and to ensure that all of our doors are locked, so to speak,’ Speaker Mike Johnson, R-La., said during a press conference Wednesday. ‘And yet, as all this is happening, we have Democrats running around here playing political games in Congress. It’s infuriating. They’ve shut down the very agency that is responsible for securing the homeland.’

House Minority Leader Hakeem Jeffries, D-N.Y., called Republicans’ argument ‘insane’ when asked by Fox News Digital earlier this week.

‘Donald Trump launches an unauthorized war in the Middle East. … He decides that he wants to spend billions of dollars to bomb Iran, rather than spend taxpayer dollars to lower the grocery bills that are crushing the American people, and then wants to use his unauthorized war as an excuse to continue spending taxpayer dollars to brutalize or kill American citizens by continuing to unleash ICE without restriction on the American people?’ Jeffries posed. ‘I think it’s ridiculous.’

It’s the Senate, however, where passing that DHS funding bill is actually key to ending the shutdown. The upper chamber voted again Thursday on the original legislation that passed the House in January, but it failed to reach the 60 votes necessary to overcome a filibuster.

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/Not for distribution to United States newswire services or for dissemination in the United States/

 Lithium Africa Corp. (TSXV: LAF) (‘Lithium Africa Resources’ or the ‘Company’) is pleased to announce that as a result of strong investor demand, the Company and ATB Cormark Capital Markets (the ‘Agent’) have agreed to increase the size of its previously announced ‘best efforts’ private placement from aggregate gross proceeds of C$5.0 million to aggregate gross proceeds of C$8.5 million (the ‘Offering’).

In connection with the Offering, the Company is pleased to announce that it has secured a lead order of approximately C$3.3 million from Purpose Global Resource Fund.

The Offering will consist of the issuance and sale of 4,250,000 units of the Company (the ‘Units‘) at a price of C$2.00 per Unit (the ‘Offering Price‘). Each Unit will consist of one common share of the Company (each, a ‘Unit Share‘) and one-half of one common share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant will entitle the holder thereof to purchase one Common Share (a ‘Warrant Share‘) at an exercise price of C$2.80 per Warrant Share for a period of 3 years following the closing of the Offering.

The Agent will have the option, exercisable in whole or in part at any time up to 48 hours prior to the closing of the Offering, to sell an additional 750,000 Units at the Offering Price for additional gross proceeds of C$1,500,000.

As consideration for its services, the Agent will receive a 7.0% cash commission on the gross proceeds of the Offering and broker warrants (the ‘Broker Warrants‘) equal to 7.0% of the number of Units sold under the Offering. Each Broker Warrant shall entitle the holder thereof to acquire one Common Share at the Offering Price for a period of 2 years following the closing of the Offering.

The net proceeds from the sale of the Units will be used as partial consideration in connection with the acquisition of the Springbok Project and for working capital and general corporate purposes. An overview of the Springbok Project and the transaction terms are provided in the Company’s news release dated February 25, 2026.

The Offering is expected to close on or about March 18, 2026, or such other date as the Company and the Agent may mutually agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange.

The Offering will be made way of private placement pursuant to applicable exemptions from the prospectus requirements in each of the provinces and territories of Canada and, in such other jurisdictions, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction.

The securities offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

About Lithium Africa Corp. 

The Company has an established 50/50 joint venture partnership with GFL International Co., Ltd. to jointly advance exploration in Africa (the ‘LAF-GFL JV‘) and through the LAF-GFL JV, the Company has an indirect 50% interest in a portfolio of exploration assets in hard rock pegmatite districts across a number of prospective African regions covering Ivory Coast, Guinea, Mali, Morocco and Zimbabwe. For more information, please visit www.li-africa.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF Lithium Africa CORP.

Tyron Breytenbach, CEO & Director

Cautionary Note Regarding Forward-Looking Statements 

Statements contained in this news release that are not historical facts may be forward-looking statements, including statements in respect of the closing of the Offering, the use of proceeds of the Offering, the participation of Purpose Investment in the Offering, and the acquisition of Springbok Project. These forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the ability to raise funds through private or public equity financings; general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; risks inherent in exploration activities; the impact of exploration competition; unexpected geological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement. 

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.

SOURCE Lithium Africa Corp.

Cision View original content: http://www.newswire.ca/en/releases/archive/March2026/05/c2612.html

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Alvopetro Energy Ltd. (TSXV: ALV,OTC:ALVOF) (OTCQX: ALVOF) announces February sales volumes of 3,058 boepd (based on field estimates), a 1% decrease from January 2026 and an 8% increase over Q4 2025. In Brazil, February sales averaged 2,879 boepd, including natural gas sales of 16.2 MMcfpd and associated natural gas liquids sales from condensate of 185 bopd. In Canada, February sales averaged 179 bopd.

Natural gas, NGLs and crude oil sales:          

February

2026

     January

2026

Q4  

2025 

Brazil:

      Natural gas (Mcfpd), by field:

      Caburé

11,411

11,605

9,653

      Murucututu

4,752

4,698

5,439

      Total natural gas (Mcfpd)

16,163

16,303

15,092

      NGLs (bopd)

185

175

184

      Oil (bopd) (1)

15

20

Total (boepd) – Brazil

2,879

2,908

2,719

Canada:

      Oil (bopd) – Canada

179

191

148

Total Company – boepd(2)

3,058

3,099

2,867

(1)

Oil sales volumes in Brazil relate to the Bom Lugar and Mãe da lua fields. Alvopetro has entered into an assignment agreement to dispose of the fields, the closing of which is subject to standard regulatory approvals, including approval of the ANP.

(2)

Alvopetro reported volumes are based on sales volumes which, due to the timing of sales deliveries, may differ from production volumes.

Corporate Presentation

Alvopetro’s updated corporate presentation is available on our website at:
http://www.alvopetro.com/corporate-presentation. 

Social Media

Follow Alvopetro on our social media channels at the following links:
          X – https://x.com/AlvopetroEnergy
          Instagram – https://www.instagram.com/alvopetro/
          LinkedIn – https://www.linkedin.com/company/alvopetro-energy-ltd

Alvopetro Energy Ltd. is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro’s organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.

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 news release.

Abbreviations:

boepd                   

=             

barrels of oil equivalent (‘boe’) per day

bopd                       

=             

barrels of oil and/or natural gas liquids (condensate) per day

BRL                         

=             

Brazilian real

e3m3/d                   

=             

thousand cubic metre per day

m3/d                       

=             

cubic metre per day

Mcf                         

=             

thousand cubic feet

Mcfpd                   

=             

thousand cubic feet per day

MMcf                     

=             

million cubic feet

MMcfpd                 

=             

million cubic feet per day

NGLs                       

=             

natural gas liquids (condensate)

BOE Disclosure

The term barrels of oil equivalent (‘boe’) may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6 Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.

Contracted Natural Gas Volumes

The contracted daily firm volumes under Alvopetro’s long-term gas sales agreement of 400 e3m3/d (before any provisions for take or pay allowances) represent contracted volumes based on contract referenced natural gas heating value. Alvopetro’s reported natural gas sales volumes are prior to any adjustments for heating value of Alvopetro natural gas. Alvopetro’s natural gas is approximately 7.8% higher than the contract reference heating value. Therefore, to satisfy the contractual firm deliveries Alvopetro would be required to deliver approximately 371e3m3/d (13.1MMcfpd).

SOURCE Alvopetro Energy Ltd.

Cision View original content: http://www.newswire.ca/en/releases/archive/March2026/05/c8049.html

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The House of Representatives narrowly voted to allow President Donald Trump to continue Operation Epic Fury in Iran on Thursday.

A bipartisan resolution led by Reps. Thomas Massie, R-Ky., and Ro Khanna, D-Calif., failed to pass after several Democrats joined most Republicans in sinking it. 

The legislation was aimed at blocking Trump from using the Armed Forces in the joint U.S.-Israeli operation in Iran, which would likely force the strikes to grind to a halt.

The Trump administration, as well as the majority of Republicans in Congress, have insisted that the president has acted within his authority so far and are hopeful he will continue to do so.

But Democrats, along with Massie and Rep. Warren Davidson, R-Ohio, are largely skeptical.

‘The Ayatollah was not a president. He was a religious leader from a region notorious for radical Islamists and the United States and Israel turned him into a martyr,’ Massie said during debate on the resolution. ‘If Congress wants war, then the speaker should hold a vote to declare it.’

Davidson said Wednesday, ‘The moral hazard posed by a government no longer constrained by our Constitution is a grave threat.’

Other Republican lawmakers said they were concerned that handicapping the operation now could do more harm than good.

‘I think the president is well within his legal authorities to conduct this operation,’ Rep. Mike Lawler, R-N.Y., told Fox News Digital on Tuesday. ‘I think any effort to stymie that would actually jeopardize our national security and jeopardize our troops.’ 

Rep. Ryan Mackenzie, R-Pa., told Fox News Digital, ‘I’ll be voting no, against the War Powers Act, because once the president has taken that action, that first action, if we were to pull back, it would actually leave us more vulnerable and less safe by leaving all of their capabilities in place, but having started a conflict like this.’

U.S. officials have said their targets remain Iran’s military assets, senior leadership, and nuclear capabilities. Secretary of War Pete Hegseth told reporters this week that the operation will have a finite timeline.

But Democrats are accusing Trump of plunging the U.S. into a seemingly endless conflict while running roughshod over Congress’ Article I authority.

‘Donald Trump has taken America to war without authorization, without explanation, without a strategy or an exit plan. Six brave service members have already given the ultimate sacrifice,’ House Minority Whip Katherine Clark, D-Mass., said on Wednesday.

The Thursday vote comes a day after the Senate shot down a resolution from Sen. Tim Kaine, D-Va., aimed at limiting Trump’s military actions in Iran following days of speculation about whether Republicans would cross the aisle — as they have done before — to reprimand the president.

Only Sen. Rand Paul, R-Ky., voted in favor of the resolution among Republicans, while Sen. Jon Fetterman, D-Pa., was the lone Democrat to cross the aisle in support.

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