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Residents in five Western Québec municipalities of have overwhelmingly rejected a proposed open-pit graphite mine, with 95 percent voting against the La Loutre project in a referendum.

Nearly 3,000 ballots were cast on Sunday (August 31) across Duhamel, Lac-des-Plages, Lac-Simon, Chénéville and Saint-Émile-de-Suffolk. Of those, 2,754 citizens voted against the asset, while only 115 were in favor.

The organizers say the result leaves no room for ambiguity about local opposition.

Located near Lac Bélanger, roughly 80 kilometers northeast of Gatineau, La Loutre is owned by Lomiko Metals (TSXV:LMR,OTCQB:LMRMF), which says it is a potential source of graphite for electric vehicle batteries.

China is the world’s largest producer of graphite by far, and countries around the world are looking to lock down supply of the material. In 2024, Lomiko received a US$8.35 million grant from the US Department of Defense, as well as C$4.9 million from Natural Resources Canada, as the countries looked to strengthen North America’s supply chain.

But for many locals, the referendum on La Loutre was not about global supply chains, but about protecting the lakes, forests and tourism-driven economy that sustain the Petite-Nation region.

Duhamel Mayor David Pharand, long opposed to the mine, said the scale of the rejection will shape what comes next.

“I can assure the population that the percentage of the results of this referendum will have a major impact on the decision of the government and the action that will be taken,” Pharand told CBC. “We will work based on those numbers with our political, federal, and provincial members of parliament to see that this project is not funded.”

Provincial officials struck a similar tone. Papineau MRC prefect Paul-André David said in a statement that the results reflect widespread environmental concerns and will guide the region’s stance in discussions with Québec City:

“The MRC will have to take the necessary measures to protect the interests of the community, by demanding that governments ensure that the sustainable management of water, air and landscapes is at the heart of discussions.’

Mathieu Lacombe, the Coalition Avenir Québec member of Québec’s National Assembly for Papineau, called the outcome “unequivocal” and pledged in a Facebook post to “ensure that the will of citizens is respected.”

Premier François Legault has repeatedly said in recent years that “if there is no social acceptability, there will be no mining activity,” a promise the Coalition du NON is now urging him to uphold.

Coalition presses for government action

The referendum was organized with support from the Alliance des municipalités Petite-Nation Nord and spearheaded by local business and land-use groups under the banner of the Coalition du NON.

The coalition is demanding that both provincial and federal governments move quickly to halt the project and declare the territory incompatible with mining activity. Louis St-Hilaire, president of the Petite-Nation Lake Protection Group and co-spokesperson for the coalition, said the result represents a clear directive.

“Through this referendum, citizens have shown that mining is clearly not what they want for their region and that they will continue to oppose it. Mr. Legault, the public is now asking you, in the public interest, to revoke Lomiko Metals’ mining rights in this area,” St-Hilaire said.

Lomiko acknowledges challenge of social license

Lomiko received permits from the Québec government to begin a 250 metric ton bulk sample at La Loutre on July 1, also saying in the update that it was in a permitting phase to start geotechnical site investigations.

In a statement to CBC on Tuesday (September 2), the company acknowledged the referendum outcome, while stressing that “the many outstanding questions will become clearer as it carries out additional studies.”

Last year, Lomiko expressed disappointment after Québec’s government declined to fund the project, saying the province appeared to be drawing “pre-emptive conclusions” before technical assessments were completed.

Local leaders say the onus is now squarely on provincial and federal authorities to respect the verdict.

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

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Reverend Franklin Graham, one of the nation’s most prominent Christian voices, is standing behind Vice President JD Vance after his profane rebuke of senators in a heated social media post over Health and Human Services Secretary Robert F. Kennedy Jr. 

In an exclusive statement to Fox News Digital, Graham acknowledged that while he admired Vance’s stand, the Vice President’s ‘salty’ choice of words could have been better.

Graham said in the statement: ‘We have had many vice presidents who have used salty language, but the point Vice President Vance was making is correct. Could he have used a better choice of words? In my opinion, yes; but I appreciate the vice president standing up for Secretary Kennedy who is trying to buck a very corrupt system and is trying to improve the health of the American people. God bless Secretary Kennedy and Vice President Vance.’

The exchange follows Vance’s viral X post declaring senators were ‘full of s—.’ Kennedy himself endorsed the message, one day after more than 1,000 current and former HHS employees called for Kennedy’s resignation.

The clash unfolded during a contentious Senate Finance Committee hearing on Thursday where Sen. Ron Wyden pressed Kennedy over health policies and accusations of promoting conspiracy theories. Kennedy pushed back, defending his record and policies aimed at challenging pharmaceutical companies.

Vance quickly jumped to Kennedy’s defense on X. ‘When I see all these senators trying to lecture and ‘gotcha’ Bobby Kennedy today all I can think is: You all support off-label, untested, and irreversible hormonal ‘therapies’ for children, mutilating our kids and enriching big pharma. You’re full of s— and everyone knows it,’ Vance wrote.

Kennedy reposted the comment, thanking him: ‘Thank you @JDVance. You put your finger squarely on the preeminent problem.’

That defense extended beyond Vance. White House press secretary Karoline Leavitt also backed Kennedy, framing Democrat criticism as proof that the secretary is ‘over the target’ in challenging entrenched interests.

This is not the first time Graham has weighed in on political leaders’ language. He previously urged President Donald Trump to cut down on his profanity. ‘Your storytelling is great, but it could be so much better if you didn’t use foul language,’ Graham wrote in a letter to Trump, citing Matthew 12:36: ‘I tell you, on the day of judgment people will give account for every careless word they speak.’

Graham ultimately closed his statement to Fox News Digital with a blessing: ‘God bless Secretary Kennedy and Vice President Vance.’ 

Representatives for Vice President Vance did not immediately respond to Fox News Digital’s request for comment.

Fox News’ Alexandra Koch contributed to this report.

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One of former President Joe Biden’s top spokespeople dismissed the fallout from the former president’s disastrous June 2024 debate performance during a closed-door interview with the House Oversight Committee that lasted over five hours.

Andrew Bates, who served as White House senior deputy press secretary and worked in Biden’s communications shop for nearly his entire term, said reactions to Biden’s debate against then-candidate Donald Trump were ‘overblown,’ according to a source familiar with his interview.

Bates ‘ultimately agreed with President Biden’s decision to drop out’ after viewing polling data the week Biden made his choice to drop his re-election bid, the source said.

A source close to Bates, however, said after he had time to process the then-president’s decision and a turn in public polling during the final week of Biden’s candidacy, he agreed Biden had made the right decision to withdraw.

He dismissed concerns about Biden’s age as a ‘polling problem,’ however, and wrote off Americans’ concerns about his age and abilities as the product of mainstream media and right-wing critics, according to the first source – similar to previous Biden allies in their closed-door interviews.

The former spokesman also described relatively infrequent interactions with Biden and allegedly said Biden only met with his press team a few times in a year.

‘He would see President Biden in person a little over once a month, but this could be anything from travel, going with him to the Hill or just seeing him in the hallway,’ the first source said.

But a former Biden White House staffer argued that the press secretary and the communications director were the default representatives of the press and communications team for daily meetings with the president.

Bates also allegedly told investigators he supported the sweeping, and controversial, pardon granted to Hunter Biden toward the end of the president’s term. 

The second source, however, said Bates told investigators that Biden conducted himself ‘honorably’ when asked whether any of his actions were done to benefit his son’s business dealings.

That pardon and the hundreds of other clemency orders signed by Biden are of particular interest to the House Oversight Committee.

Oversight Committee Republicans are investigating whether Biden’s top White House allies covered up signs of mental decline in the former president, and by extension, are looking into whether executive actions signed by autopen were executed with Biden’s full awareness and approval.

Biden himself told the New York Times recently that he made every clemency decision on his own.

His allies have also blasted the GOP-led probe as a partisan exercise.

During his opening statement, obtained by Fox News Digital, Bates defended Biden’s fitness for office while criticizing Trump’s own actions as president.

‘I was proud to support Joe Biden as President because we believe in the same values. In the White House, it was universally understood that Joe Biden was in charge. That is completely consistent with my personal experience with the President,’ Bates told House investigators, according to another source.

A House Oversight Committee spokesperson blasted Bates as ‘delusional’ and accused his opening statement of leaking to media before he read it in the room.

Fox News Digital reached out to Bates via his public relations firm Wolfpack Strategies, as well as his counsel, for further comment.

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President Donald Trump on Friday signed his 200th executive order which authorized the Department of Defense to revert its name back to the ‘Department of War.’

Speaking from the Oval Office, Trump said the new name ‘sends a message of victory, a message of strength’ to the world.

‘It has to do with winning,’ the president went on. ‘We should have won every war. We could have won every war. But we really chose to be very politically correct or woke.’

‘We won the First World War, we won the Second World War, we won everything before that and in between. And then we decided to go woke and we changed the name to the Department of Defense. So, we’re going Department of War,’ he added.

Trump said the name is ‘a much more appropriate name, especially in light of where the world is right now.’

‘We have the strongest military in the world. We have the greatest equipment in the world. We have the greatest men. New factories of equipment, by far. There’s nobody to even compete,’ he said.

Turning to Defense Secretary Pete Hegseth, Trump said while smiling, ‘I’d like to ask our, secretary of war, to say a few words.’

Hegseth thanked Trump for signing the order, saying, the name change restores the ‘warrior ethos’ to America’s military.

‘After winning a War for Independence in 1789, George Washington established the War Department and Henry Knox was his first secretary of war. And this country won every major war after that … 150 years after that, we changed the name after World War Two from the Department of War to the Department of Defense in 1947 and as you pointed out, Mr. President, we haven’t won a major war since,’ said Hegseth.

 ‘This name change is not just about renaming, it’s about restoring,’ said the secretary. ‘Words matter. It’s restoring, as you’ve gotten us to, Mr. President, restoring the warrior ethos, restoring victory and clarity as an end state, restoring intentionality to the use of force.’  

Hegseth pledged the War Department ‘is going to fight decisively, not endless conflicts. It’s going to fight to win, not to lose. We’re going to go on offense, not just on defense. Maximum lethality, not tepid legality. Violent effect, not politically correct,’ he said, adding, ‘We’re going to raise up warriors, not just defenders. So, this War Department, Mr. President, just like America is back.’

The executive order calls for using the Department of War as a secondary title for the Department of Defense, along with phrases like ‘secretary of war’ for Hegseth, according to a White House fact sheet previously shared with Fox News Digital. 

It’s unclear if Congress, which has the authority to establish federal executive departments, will need to step in to issue final approval on the move. However, Trump expressed confidence the name will stick, saying, ‘We’re going with it, and we’re going with it very strongly … but we’ll put it before Congress.’

Fox News Digital’s Diana Stancy and Emma Colton contributed to this report.

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Locksley Resources Ltd is a mineral exploration company with a primary focus on identifying, exploring, and developing copper and gold deposits in New South Wales, Australia. Its Tottenham Project is a prospective for gold and copper.

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Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) (‘Purepoint’ or the ‘Company’) announces the closing of the final tranche of its previously announced private placement (the ‘Private Placement’) comprising of a combination of:

  • 5,768,824 Saskatchewan charity flow through units (the ‘SK Flow Through Units‘) at a price of $0.65 per unit for aggregate gross proceeds of $3,749,735.60; and
  • 3,041,295 National charity flow through units (the ‘NT Flow Through Units‘, together with the SK Flow Through Units, the ‘Flow Through Units‘) at a price of $0.59 per unit for aggregate gross proceeds of $1,794,364.05.

‘This final tranche not only completes our raise but strengthens our alignment with IsoEnergy and reinforces our shared commitment to long-term uranium discovery in the Basin,’ said Chris Frostad, President & CEO of Purepoint. ‘With exploration now underway across several properties, this financing ensures we can move into the fall and winter seasons with both momentum and flexibility.’

Each Flow-Through Unit consists of one common share in the capital of the Company to be issued on a ‘flow through’ basis pursuant to the Income Tax Act (Canada) and one common share purchase warrant (‘Warrant‘). Each Warrant entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.50 per share for a period of 24 months from the date of issue. Together with the first tranche of the Private Placement that closed on August 29, 2025, the Company has issued a total of 772,946 traditional flow through units, 5,768,824 SK Flow Through Units and 3,041,295 NT Flow Through Units for aggregate gross proceeds of $6,000,137.79.

In connection with the closing of the final tranche of the Private Placement, the Company paid Ventum Financial Corp., Stephen Avenue Securities Inc., and Canaccord Genuity Corp. finders’ fees consisting of, in aggregate, $106,662.14 in cash and 264,111 non-transferable compensation warrants. Each compensation warrant entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.50 per share for a period of 24 months from the closing date.

The proceeds of the Private Placement will be used for the exploration and advancement of the Company’s projects in the Athabasca Basin, Saskatchewan. All securities issued in connection with the closing of the final tranche of the Private Placement are subject to a four-month hold period pursuant to the applicable securities laws with an expiry date of January 6, 2026. The closing is subject to final acceptance by TSX Venture Exchange of the Private Placement.

In connection with the Private Placement, IsoEnergy Ltd. (TSX: ISO) (OTCQX: ISENF) (‘IsoEnergy‘) acquired 2,531,646 SK Flow Through Units. Acquisition of the SK Flow Through Units by IsoEnergy is considered a ‘related party transaction’ pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). IsoEnergy is considered a related party of the Company under MI 61-101 by virtue of holding 10.6% of the issued and outstanding common shares of the Company on a non-diluted basis prior to its participation in the Private Placement. The Company was exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with IsoEnergy’s participation in the Private Placement in reliance of sections 5.5(a) and 5.7(1)(a) of MI 61-101. A material change report will be filed in connection with the participation of IsoEnergy in the Private Placement less than 21 days in advance of the closing of the Private Placement, which the Company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Private Placement in an expeditious manner.

Following completion of the Private Placement, IsoEnergy owns an aggregate of 9,864,980 Common Shares and 5,864,980 Warrants, representing approximately 12.57% of Purepoint’s issued and outstanding Common Shares on a non-diluted basis, and approximately 18.65% of Purepoint’s issued and outstanding Common Shares on a partially diluted basis, assuming full exercise of the Warrants held by IsoEnergy. While IsoEnergy currently has no plans or intentions with respect to the Purepoint securities, IsoEnergy may develop such plans or intentions in the future and, at such time, may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the Common Shares, Warrants or other securities of Purepoint based on market conditions, general economic and industry conditions, trading prices of Purepoint’s securities, Purepoint’s business, financial condition and prospects and/or other relevant factors. A copy of the early warning report filed by IsoEnergy will be available under Purepoint’s profile on SEDAR+ at www.sedarplus.ca or by contacting Graham du Preez, Chief Financial Officer of IsoEnergy, at 306-373-6399. IsoEnergy’s head office is located at 217 Queen St. West, Suite 401, Toronto, Ontario, M5V 0R2.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU,OTC:PTUUF) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. Highly prospective uranium projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the Company holds a promising VHMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Corporation’s McIlvena Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe’s most significant uranium districts.

For more information, please contact:

Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca

For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.

Disclosure regarding forward-looking statements

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. ‘Forward-looking information’ includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the Company’s anticipated use of proceeds from the Private Placement. Generally, but not always, forward-looking information and statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’ or the negative connotation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company’s planned exploration activities will be completed in a timely manner, the Company will use the proceeds of the Private Placement as anticipated, and the Company will receive final regulatory approval with respect to the Private Placement. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that the Company may not use the proceeds of the Private Placement as anticipated, the risk that the Company may not receive final regulatory approval with respect to the Private Placement, the risk relating to the tax treatment of flow-through shares, the risk relating to the actual results of current exploration activities, fluctuating uranium prices, possibility of equipment breakdowns and delays, exploration cost overruns, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed from time to time in the filings made by the Company with securities regulators.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by 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 forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

For Immediate Release – Not for Dissemination in the United States or through U.S. Newswire Services

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265309

News Provided by Newsfile via QuoteMedia

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The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report.

It’s the lowest rate since Oct. 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6% range, where they’ve been stuck for months.

“This was a pretty straightforward reaction to a hotly anticipated jobs report,” said Mortgage News Daily Chief Operating Officer Matt Graham. “It’s a good reminder that the market gets to decide what matters in terms of economic data, and the bond market has a clear voting record that suggests the jobs report is always the biggest potential source of volatility for rates.”

Graham said in a post on X that many lenders are “priced better” than Oct. 3 and would be quoting in the high 5% range.

The drop is a major change from May, when the rate on the 30-year fixed peaked at 7.08%. It’s big for buyers out shopping for a home today, especially given high home prices.

Take, for example, someone purchasing a $450,000 home, which is just above August’s national median price, using a 30-year fixed mortgage with a 20% down payment. Not including taxes or insurance, the monthly payment at 7% would be $2,395. At 6.29%, that payment would be $2,226, a difference of $169 per month.

That might not sound like a lot to some, but it can mean the difference in not just affording a home, but qualifying for a mortgage.

Homebuilder stocks reacted favorably Friday, with names like Lennar, DR Horton and Pulte all up roughly 3% midday. Homebuilding ETF ITB has been running hot for the last month as rates slowly moved lower. It’s up close to 13% in the past month.

The big question is whether the drop in rates will be enough to get homebuyers back in the market.

Mortgage demand from homebuyers, an early indicator, have yet to respond to gradually improving rates. Applications for a mortgage to purchase a home last week were 6.6% lower from four weeks before, according to the Mortgage Bankers Association.

“Homebuyers grapple with a lack of affordability, sellers contend with more competition, and builders deal with lower buyer demand,” Danielle Hale, chief economist at Realtor.com, said Friday in a statement after the release of the August employment report. “These conditions haven’t spelled catastrophe, but have created a cruel summer for the housing market.”

Some analysts have argued that buyers need to see mortgage rates in the 5% range before it really makes a difference. Home prices remain stubbornly high, and while the gains have definitely cooled, they are not yet coming down on a national level. In addition, uncertainty about the state of the economy and the job market has left many would-be buyers on the sidelines.

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Supreme Court Justice Amy Coney Barrett hasn’t seen The Handmaid’s Tale. But she was well-prepared to be interrupted by any number of red-draped protesters, should they storm in to interrupt her confirmation hearing, the same way they did for her colleague, Brett Kavanaugh, several years prior. 

As she recounted in an interview at the Lincoln Center Thursday night, the preparation had been for naught: Her confirmation took place behind closed doors, thanks to the COVID-19 pandemic and the social precautions in place at the time. It also made the lengthy confirmation process and her first days as a justice on the nation’s highest court ‘awkward,’ she said, to laughter. ‘Very awkward.’ 

That revelation was just one of many Barrett made during a wide-ranging interview Thursday, just days before the publication of her forthcoming memoir, ‘Listening to the Law.’ 

Like her book, Barrett’s appearance proved to be as telling for what she didn’t say as for what she did. 

Barrett, 53, spoke easily about her family, her faith, and the kindness of her newfound colleagues on the Supreme Court, whom she says lent her not only the use of their office supplies and bench memos during her first days on the job, but also temporarily dispatched their own staff to help her answer phones and restock supplies. ‘There is an indispensable human element to judging,’ Barrett observes in her memoir, something she says is all the more true when serving on a nine-person bench.

‘Thinking in categories of left and right — it’s just the wrong way to think about the law,’ she said Thursday night to the jam-packed audience at Alice Tully Hall. 

Even so, Barrett artfully dodged some of the more polarizing issues the court has faced in the past eight months. 

She was demonstrably less candid on questions involving the so-called emergency, or ‘shadow’ docket — the vehicle by which President Donald Trump has sought to temporarily stay lower court decisions that would have paused or halted some of his most sweeping executive orders from taking force.

The Supreme Court has presided over a record blitz of emergency appeals and orders filed by the administration and other aggrieved parties during Trump’s first eight months back in office. Justices on the 6-3 conservative bench have ruled in Trump’s favor in the majority of emergency applications, allowing the administration to proceed with its ban on transgender service members in the military, its termination of millions of dollars in Education Department grants and its firing of probationary employees across the federal government, among many other actions.

The court has sided with Trump in the majority of these requests, prompting a fresh level of scrutiny — and rare public criticism from some of her colleagues on the bench.

The Supreme Court ‘is at its best when it can review cases that have been fully adjudicated’ by the lower courts, she offered, before the conversation moved on. 

Barrett also sought to defend the court as a body that operates beyond the politics of a given moment, and (ideally) outside the reach of public opinion. She noted that public perceptions of what a judge ought to do is, at times, at odds with what the Constitution and existing Supreme Court precedent proscribe. 

‘I think everyone expects the court to deliver the results it likes,’ Barrett said Thursday night. There’s a ‘disconnect between what people want in the moment,’ and what the court should deliver, she said.

People ‘want what they want,’ and will inevitably be disappointed by the results, she said.

Like other justices who have authored memoirs while on the bench, Barrett offered a lofty, and at times idealistic, view of the court. 

Pressed by journalist Bari Weiss about her majority opinion in Trump v CASA earlier this year, Barrett insisted that her ‘spicy’ remarks towards Justice Ketanji Brown Jackson were nothing more than an attempt to ‘set the calibration right.’

‘I thought Justice Jackson had made an argument in strong terms that I thought warranted a response,’ Barrett said.

Thursday night’s interview was the first of many public appearances Barrett is slated to give in coordination with her book release next week. It offered at times a refreshingly personal glimpse into her nearly five years on the Supreme Court — a job she says she wasn’t quite sure she wanted, when the offer finally came. 

Barrett recounted what her husband told her at the time, when she was weighing whether to go through with the confirmation process. Should she choose to move forward, he told her, ‘We have to burn the boats.’

The phrase, adopted from Alexander the Great, refers to the notion that one must eliminate all options for backup plans or retreat.  

It was one she held onto during the confirmation process, when media outlets pilloried her as an out-of-touch and hyper-religious mother of seven, when quips from lawmakers, such as then-Sen. Dianne Feinstein — ‘the dogma lives loudly within you’ — might have rattled her further. 

‘To do the job well, you have to have thick skin,’ she told the audience Thursday night.

She also dismissed fears of a constitutional crisis.

‘I don’t think that we are currently in a constitutional crisis,’ Barrett said. ‘I think that our country remains committed to the rule of law. I think we have functioning courts.’

This post appeared first on FOX NEWS

(TheNewswire)

Charbone Hydrogen Corporation

Brossard (Québec) TheNewswire – le 5 septembre 2025 – CORPORATION CHARBONE HYDROGÈNE (TSXV: CH,OTC:CHHYF OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), une compagnie spécialisée dans la production et la distribution d’hydrogène vert, est heureuse d’annoncer la signature, le 4 septembre 2025, d’une convention d’achat d’actifs visant l’acquisition d’équipements opérationnels de production et de ravitaillement en hydrogène au Québec. Cette acquisition stratégique permettra à Charbone d’accélérer la mise en service de la phase 1 de son usine phare de Sorel-Tracy et de produire et livrer ses premières ventes d’hydrogène industriel de haute pureté (UHP) au cours du prochain trimestre.

Les équipements, seront démantelés, convertis et relocalisés à Sorel-Tracy.

Cette transaction fait suite à la signature par Charbone d’ une facilité de capital de construction non dilutive de 50 millions USD annoncée le 1er mai et 4 juin 2025. Bien que cette facilité soit destinée à un financement de projet plus large plutôt qu’à cet achat d’équipements, elle démontre la position de capital renforcée de Charbone et sa capacité à étendre son plan de développement global.

Points saillants pour les investisseurs clés

  • Échéancier accéléré : La réutilisation des équipements en opération réduit les coûts d’installation des nouveaux équipements — permettant une production d’ici le début du T4 2025

  • Processus de sélection : Charbone a été sélectionné comme acheteur de l’équipement en échange de 1 M$ en actions de Charbone dans le cadre d’une partie du prix d’achat à un prix d’émission égal au cours du marché des actions de Charbone à la Bourse de croissance TSX à la date effective, plus la balance en espèces payable en 3 tranches, avec un tiers du paiement à la date effective et le reste payé sur deux ans — préservant la trésorerie pour la croissance.

  • Progrès opérationnels : Le raccordement au réseau est complété; Hydro-Québec a installé le compteur d’énergie le 22 juillet et complété l’interconnexion le 13 août, tandis que la Ville de Sorel-Tracy a complété le raccordement d’eau à son réseau principal, fournissant ainsi au site les deux éléments nécessaires à la production d’hydrogène.

Détails du placement privé

Par ailleurs, Charbone est heureuse d’annoncer la clôture séquentielle de son placement privé sans intermédiaire de 1 M$ (le « placement d’actions »). La Société a déjà obtenu 0,5 M$ pour accélérer l’achèvement de son usine phare de production d’hydrogène vert à Sorel-Tracy, au Québec.

  • La première tranche comprenait l’émission de 7 699 666 unités. Une deuxième tranche, portant sur les 0,5 M$ restants, devrait être clôturée d’ici le 15 octobre 2025.

  • Le produit de l’émission d’actions sera principalement affecté à l’achat par la Société des équipements d’hydrogène, à la réinstallation sur le site de Sorel-Tracy, au développement des infrastructures et aux besoins généraux en fonds de roulement.

  • La clôture de l’offre d’actions demeure soumise à l’approbation de la Bourse de croissance TSX et à d’autres conditions de clôture habituelles. La Société pourrait clôturer une deuxième tranche dans les prochains jours, mais au plus tard le 15 octobre 2025. Tous les titres émis dans le cadre de l’offre sont assujettis à une période de détention légale de quatre mois et un jour au Canada après la date de clôture

  • Ce communiqué de presse ne constitue pas une offre de vente ni une sollicitation d’une offre d’achat, et aucune valeur mobilière ne peut être vendue dans une juridiction dans laquelle une telle offre, sollicitation ou vente serait illégale, y compris l’intégralité des valeurs mobilières aux États-Unis d’Amérique. Les valeurs mobilières n’ont pas été et ne seront pas enregistrées en vertu du United States Securities Act de 1933, tel que modifié (la « Loi de 1933 »), ou de toute autre loi sur les valeurs mobilières, et ne peuvent être offertes ou vendues aux États Unis ou à des, ou pour le compte ou au profit de, ‘U.S. Persons’ (telles que définies dans la « Regulation S » de la Loi de 1933), à moins qu’elles ne soient enregistrées en vertu de la Loi de 1933 et des lois applicables sur les valeurs mobilières, ou qu’une dispense de telles exigences d’enregistrement ne soit disponible. Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.

Commentaire du PDG

‘Les investisseurs ont attendu que Sorel-Tracy passe du développement à la production de revenus,’ a déclaré Dave Gagnon, Président et Chef de la direction de Charbone. En réutilisant des équipements éprouvés — et ce à moindre coût que de nouvelles installations — et en structurant l’opération pour préserver la trésorerie, nous entrons en mode d’exécution avec un soutien en capital solide et une dilution minimale. Il continue; Cette acquisition nous permet de fournir de l’hydrogène vert et de haute pureté (UHP) à nos clients industriels plus rapidement et avec de bons équipements d’exploitation dans leurs catégories.

Pourquoi c’est important

Cette acquisition marque un tournant pour Charbone : après des années de développement, l’entreprise est en mesure de générer ses premiers revenus liés à l’hydrogène, de tirer parti d’un capital non dilutif pour évoluer et de saisir les avantages d’être pionnier sur le marché nord-américain de l’hydrogène vert.

À propos de Corporation Charbone Hydrogène

Charbone est une entreprise intégrée spécialisée dans l’hydrogène ultrapur (UHP) et la distribution stratégique de gaz industriels en Amérique du Nord et en Asie-Pacifique. Elle développe un réseau modulaire de production d’hydrogène vert tout en s’associant à des partenaires de l’industrie pour offrir de l’hélium et d’autres gaz spécialisés sans avoir à construire de nouvelles usines coûteuses. Cette stratégie disciplinée diversifie les revenus, réduit les risques et augmente sa flexibilité. Le groupe Charbone est coté en bourse en Amérique du Nord et en Europe sur la bourse de croissance TSX (TSXV: CH,OTC:CHHYF); sur les marchés OTC (OTCQB: CHHYF); et à la Bourse de Francfort (FSE: K47). Pour plus d’informations, visiter www.charbone.com .

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Pour contacter Corporation Charbone Hydrogène :

Téléphone bureau: +1 450 678 7171

Courriel: ir@charbone.com

Benoit Veilleux

Chef de la direction financière et secrétaire corporatif

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Quebec TheNewswire – September 5, 2025 Charbone Hydrogen Corporation (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE ‘), a company focused on green hydrogen production and distribution, is pleased to announce it has signed, on September 4, 2025, an Asset Purchase Agreement to acquire operational hydrogen production and refuelling equipment in Quebec. The strategic acquisition will enable CHARBONE to fast-track the commissioning of CHARBONE’s flagship Sorel-Tracy facility phase 1 and empower CHARBONE to produce and deliver first industrial high purity hydrogen (UHP) sales in the upcoming quarter.

The equipment, currently in use will be dismantled, repurposed and relocated to Sorel-Tracy .

This transaction follows CHARBONE’s signing of a non-dilutive USD 50 million construction capital facility announced on May 1 and June 4, 2025. While this facility is earmarked for broader project financing rather than this equipment purchase, it demonstrates CHARBONE’s strengthened capital position and ability to scale up its overall development plan.

Key Investor Highlights

  • Accelerated Timeline : Repurposing proven operating equipment reduces installation costs of new equipment — enabling production by early Q4 2025

  • Selection Process : CHARBONE has been selected as the buyer of the equipment as the seller has accepted $1M in CHARBONE stock as part of a portion of the purchase price at an issue price equal to the market price of CHARBONE’s shares on the TSX Venture Exchange on the effective date plus a cash balance payable in 3 tranches payment , with one-third payment on the effective date and the remaining paid over two years — preserving cash for growth.

  • Operational Progress : Grid connection is completed; Hydro-Québec installed the energy meter on July 22, and completed the interconnection on August 13, while the Town of Sorel-Tracy completed the water connection to its main system, providing the site with the two elements needed for hydrogen production.

Private Placement Details

Additionally, CHARBONE is pleased to announce the sequential closings of its $1M non-brokered private placement (the ‘Equity Offering’). The Company has already secured $0.5 million to accelerate the completion of its flagship green hydrogen production facility in Sorel-Tracy, Quebec.

  • The initial tranche involved the issuance of 7,699,666 units. A second tranche for the remaining $0.5M is expected to close by October 15, 2025.

  • The proceeds from the Equity Offering will be primarily allocated to the Company’s purchase of the operating hydrogen equipment, re-installation at the Sorel-Tracy site, and infrastructure development, and general working capital requirements.

  • The closing of the Equity Offering remains subject to the approval of the TSX Venture Exchange and other customary closing conditions. The Company may close a second tranche in the coming days, but no later than October 15, 2025.  All securities issued under the Offering are subject to a statutory four-month and one-day hold period in Canada following the Closing Date

  • This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction where such offer, solicitation, or sale would be unlawful, including in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 1933 Act ‘) or any applicable state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and relevant state laws, or if an exemption from registration is available

CEO Comment

‘Investors have waited for Sorel-Tracy to move from development to revenue,’ said Dave Gagnon, President and CEO of CHARBONE. ‘By repurposing proven equipment — at a lower cost of a new build — and structuring the deal to preserve cash, we’re entering execution mode with strong capital backing and minimal dilution. He continues; This acquisition positions us to deliver green and high purity hydrogen (UHP) to our industrial customers quicker, and with best-in-class operating equipment.

Why This Matters

This acquisition signals a turning point for CHARBONE: after years of development, the company is positioned to deliver its first hydrogen revenues, leverage non-dilutive capital to scale, and capture early-mover advantages in the North American green hydrogen market.

About Charbone Hydrogen CORPORATION

CHARBONE is an integrated company specialized in Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region. It is developing a modular network of green hydrogen production while partnering with industry players to supply helium and other specialty gases without the need to build costly new plants. This disciplined strategy diversifies revenue streams, reduces risks, and increases flexibility. The CHARBONE group is publicly listed in North America and Europe on the TSX Venture Exchange (TSXV: CH,OTC:CHHYF), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Benoit Veilleux

CFO and Corporate Secretary

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com