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With a strategic foothold in Portugal and a commodity focus on tungsten – a metal deemed critical by both NATO and US defense agencies – Allied Critical Minerals is advancing two past-producing projects toward near-term production. Backed by a $4.6 million financing, offtake interest from major buyers, and a leadership team with proven capital markets and operational success, ACM is well-positioned to become the largest tungsten producer outside of China.

Overview

Allied Critical Minerals (CSE:ACM,FSE:0VJ0) is advancing two highly strategic, past-producing tungsten projects – Borralha and Vila Verde – located in northern Portugal. These brownfield assets present a compelling combination of near-term production potential and district-scale exploration upside, positioning the company to become the largest tungsten producer outside of China. With 100 percent ownership of both projects and supportive local communities, ACM is well-placed to contribute to the critically needed supply of this strategic metal to Western markets.

Tungsten is essential for defense systems, electric vehicles, semiconductors and artificial intelligence (AI), yet current global supply is dominated by China and Russia, accounting for about 90 percent of production. ACM’s projects are aligned with national security strategies in the US and EU, seeking secure and stable sources of tungsten supply. The company has already signed a letter of intent with Global Tungsten & Powders, a major Pennsylvania-based end-user with ties to the US military and is actively engaging with other global refineries.

To capitalize on these market dynamics, ACM closed a $4.6 million financing to fund an aggressive value creation plan. This includes an ongoing drill program at Borralha aimed at expanding its existing NI 43-101 resource, and the construction of a pilot processing facility at Vila Verde, targeted to begin in Q4 2025 and become operational by 2026. The pilot plant will process tailings and alluvial material from existing deposits, with an estimated annual output of ~250 tons tungsten trioxide (WO₃) and projected revenues of $4 million to $5 million, supporting near-term cash flow with minimal dilution.

ACM differentiates itself from competitors such as American Tungsten and Fireweed through its permitting progress, advanced technical groundwork and strong leadership. CEO Roy Bonnell brings a proven track record of successful exits and rapid value creation, having been instrumental in the success of both Founders Metals (TSXV:FDR) and Thesis Gold (TSXV:TAU) — two of the TSX Venture’s top-performing issuers in recent years.

Company Highlights

  • Strategic Focus on Critical Metals: Allied Critical Minerals is developing two tungsten projects – Borralha and Vila Verde – in mining-friendly northern Portugal, targeting near-term production and long-term scale.
  • Advanced Brownfield Assets: Both projects are historic producers with significant infrastructure, community support and technical momentum. Borralha produced tungsten from 1904 to 1986, and holds a newly updated NI 43-101 compliant resource.
  • Pilot Plant Launch in 2026: A pilot plant at Vila Verde is slated for construction in Q4 2025 with 150,000 tpa throughput capacity, expandable to 300,000 tpa. Target output of ~250 tons WO₃ annually is expected to generate $4 million to $5 million in revenue, funded through non-dilutive financing.
  • Offtake and Government Support: Allied has signed an LOI with Global Tungsten & Powders and is in discussions with additional refineries. Expressions of interest from US and EU defense-linked buyers are ongoing.
  • High Impact Drill Campaign: A fully funded 5,000 meter drill program is currently underway at Borralha, with assays expected to expand resources and define the high-grade Santa Helena Breccia zone.
  • Differentiated from Peers: Allied is one of only a few public companies in the Western world with near-term tungsten production potential, outpacing peers such as American Tungsten and Fireweed, in both timeline and resource readiness.

Key Projects

Borralha Tungsten Project

The Borralha project is ACM’s flagship development-stage asset, located approximately 100 km northeast of Porto in northern Portugal. A brownfield project with a rich production history dating back to 1904, Borralha produced over 10,280 tons of wolframite concentrate at an average grade of 66 percent WO₃, until operations ceased in 1986. Today, the project is advancing rapidly, supported by a Mining Rights Concession License and a newly updated NI 43-101 compliant resource estimate effective July 31, 2024. The estimate defines indicated resources of 4.98 million tons (Mt) at an average grade of 0.22 percent WO₃, 762 grams per ton (g/t) copper, and 4.8 g/t silver, and inferred resources of 7.01 Mt at 0.20 percent WO₃, 642 g/t copper, and 4.4 g/t silver. The project area hosts significant polymetallic enrichment, with tin and copper frequently associated with the tungsten mineralization, adding potential for by-product credits.

The primary zone of interest, the Santa Helena Breccia (SHB), is a subvertical to sub-horizontal breccia pipe-style tungsten system. Historical and recent drilling confirms broad, continuous mineralization with highlight intercepts including 106 m at 0.21 percent WO₃, 114 m at 0.23 percent WO₃, 108 m at 0.22 percent WO₃, and a high-grade zone of 10 m at 1.75 percent WO₃.

The SHB zone accounts for over 70 percent of known mineralization, but only about half of the zone has been drill-tested to date. The current drill campaign is targeting both lateral extensions and higher-grade core zones within the breccia body.

Geologically, the deposit is hosted in metasedimentary rocks intruded by late-Variscan granites, with mineralization occurring predominantly as wolframite associated with quartz-cassiterite veins and breccia infill. Breccia pipe mining techniques – similar to open-pit quarry operations – are anticipated for early-stage exploitation.

The project is currently undergoing an environmental impact assessment under review by Portuguese authorities. The mining license includes provisions for up to 150,000 tons per annum of bulk sampling ahead of full-scale operations, which will be governed by a future feasibility study. The low-cost drill environment (~$235/meter) and excellent infrastructure – including road, power, water and proximity to a skilled workforce – make Borralha a technically robust and strategically significant asset for ACM.

Vila Verde Tungsten-Tin Project

Located approximately 45 km southeast of Borralha, the Vila Verde project is ACM’s pilot production and near-term cash flow opportunity. Historically, this area hosted the Vale das Gatas Mine, which was one of Portugal’s largest tungsten producers prior to its closure in 1986. The project covers a significantly larger land area than Borralha and includes multiple mineralized zones, notably Cumieira and Porqueira. A historical resource estimate from 2020 defined 7.3 Mt of mineralized material above a 0.05 percent WO₃ cutoff, including 4.0 Mt at 0.14 percent WO₃ in the Cumieira zone and 3.3 Mt at 0.10 percent WO₃ in Porqueira. While historical in nature, these figures are supported by 17 diamond drill holes totaling 2,103 metres, which revealed a 2.1 km x 1.0 km mineralized footprint at Cumieira and a 1.0 km x 500 m footprint at Porqueira.

Vila Verde Pilot Plan

Vila Verde is advancing toward the construction of a 150,000-ton-per-annum pilot plant, scheduled to begin construction in Q4 2025 and be operational in 2026. Tailings and alluvial material from the Justes deposit will be used as the initial feedstock, with an average WO₃ grade of ~0.21 percent anticipated. Plant design includes standard crushing and grinding circuits followed by gravimetric and magnetic separation to produce a high-grade wolframite concentrate. Engineering work by GMR Consultores and MinePro Solutions supports an annual output of approximately 250 tons of WO₃ under current parameters. The total estimated CAPEX for the pilot plant is CA$7.9 million, with a proposed expansion to 300,000 tpa requiring an additional CA$2.9 million, both targeted for non-dilutive funding sources.

Permitting is progressing efficiently, with the mineral license being converted from exploration to experimental mining status. This permits early-stage production while full-scale licensing is pursued. The project benefits from pre-existing quarry infrastructure, strong community support, and short timelines to cash flow. A signed LOI with Global Tungsten & Powders in Pennsylvania provides an initial offtake channel, and additional negotiations with global refiners are ongoing. Vila Verde is central to ACM’s short-term revenue plan and is designed to serve as a testbed for scalable production across its broader tungsten portfolio.

Management Team

Roy Bonnell – CEO and Director

Roy Bonnell is a seasoned executive with over 30 years in capital markets, venture finance and natural resources. Bonnell holds an LLB from Western University, an MSc from the London School of Economics, and an MBA from McGill University. He brings deep leadership and financing experience and previously served as a board member for Founders Metals and Thesis Gold – two of the TSXV’s top performers.

João Barros – President and COO

With over 20 years of mining sector experience in Portugal, João Barros specializes in exploration management, environmental impact assessments and feasibility studies. He has held leadership roles at Ascendant Resources and Redcorp, and is a member of the Portuguese Engineers Association.

Sean O’Neill – Non-Executive Chairman

Sean O’Neill is head of securities at Boughton Law with 20+ years in corporate and securities law, including advising mining firms globally. He holds degrees in Chemical Engineering and Law, an MBA, and is a registered professional engineer (P.Eng).

Michael Galego – Director

Michael Galego is the CEO of Apolo Capital Advisory and CLO of LNG Energy, with extensive experience in M&A and corporate strategy. Notably, he advised on the sale of Woulfe Mining (tungsten asset) to Almonty Industries. He is a Lexpert Top 40 Under 40 awardee and member of the TSX Venture Advisory Committee.

Colin Padget – Director

CEO of Founders Metals, Colin Padget brings operational exploration experience across South America. He holds a Masters in Geology and a Bachelor in Business Administration.

Andrew Lee – Director and Corporate Secretary

Former Managing Director of York Harbour Metals, Andrew Lee has 15 years of global exploration experience across gold and phosphate projects in Ecuador and West Africa.

Sean Choi – CFO

A CPA with nearly 20 years in mining finance, Sean Choi has held CFO roles at York Harbour Metals, Ecuador Gold & Copper, and Northern Sun Mining. He holds a degree from the Western University.

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As hostilities continue to rage between Israel and the Islamic Republic of Iran, U.S. Ambassador to the Jewish state Mike Huckabee has indicated work is underway to provide options for Americans who want to evacuate.

‘American Citizens wanting to evacuate Israel: Sign up at https://mytravel.state.gov/s/step to be on list. We’re working to get military, commercial, charter flights & cruise ships for evac. If you’re offered a seat, take it. Family in Israel? Tell them stay close to shelter & don’t ignore sirens!’ Huckabee noted in a post on X.

Like prior notices in recent days, the U.S. Embassy in Israel noted in a June 19 security alert it is directing all U.S. government employees and their families to keep sheltering in place.

‘We will alert the U.S. citizen community if there is additional information to share regarding departure options,’ the notice states. ‘If you are a U.S. citizen or Lawful Permanent Resident currently in Israel or the West Bank and seeking U.S. government assistance to depart, please complete this form so the Department of State can better assist you and provide you with timely updates: https://mytravel.state.gov/s/crisis-intake.’

The notice explained that, in the event the government provides assistance to Americans seeking to leave Israel, travelers would be expected to repay Uncle Sam but would not be required to pay up front before departing Israel. 

‘If the U.S. government provides departure assistance from Israel, options would most likely include travel to a nearby, safe country. We do not provide direct travel to the United States. You will be responsible for your onward travel after arriving in the nearby, safe country. Consular officers will be available to assist you on arrival with consular services, including a loan to repatriate to the United States if you wish to do so and qualify,’ the notice explains.

Netanyahu accuses Iran of intentionally targeting Israeli hospital

‘If the U.S. government provides departure assistance from Israel, you do not need to pay before you board, but you will be expected to sign a promissory note to repay the U.S. government. We will tell you the estimated amount you will be expected to repay before you travel. Pets cannot accompany you,’ it also notes.

Another security alert issued Thursday noted, ‘The Department of State is always planning for contingencies to assist with private U.S. citizens’ departure from crisis areas. We will alert the U.S. citizen community if there is additional information to share regarding departure options. U.S. citizens should enroll in the Smart Traveler Enrollment Program to receive the latest updates.’

Israeli minister of foreign affairs says Iran committed war crimes

President Donald Trump has not ruled out the possibility of American military intervention to help Israel stamp out Iranian efforts to develop nuclear weapons.

‘AMERICA FIRST means many GREAT things, including the fact that, IRAN CAN NOT HAVE A NUCLEAR WEAPON. MAKE AMERICA GREAT AGAIN!!!’ he declared in a Truth Social post Monday.

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Several Boeing 747s have been spotted on radar leaving China for Iran over the last week, according to reports, sparking concerns that the CCP is helping the Middle Eastern nation transport cargo or people out of the country as Israel continues to strike the country’s nuclear facilities. 

Starting on June 14th, FlightRadar24 shows that at least five flights traveled from China to Iran, and The Telegraph reported that the ‘mystery transport planes’ had flown westward along northern China before crossing into Kazakhstan, south through Uzbekistan and Turkmenistan, and then fell off radar as they approached Iran. 

Additionally, the report indicated that the flights had a final destination of Luxembourg but don’t appear to have ever crossed into European airspace.

Some experts have speculated that these types of planes are typically used for transport and could be evidence of China aiding its longtime ally Iran during the conflict with Israel, although Fox News Digital has not independently confirmed the nature of the flights. 

‘I think it’s important to remember what the relationship is, forty-three percent of China’s oil and gas comes from the Middle East, a large volume of that from Iran,’ Robert Greenway, director of the Heritage Foundation’s Center for National Defense, told ‘The Ingraham Angle’ on Wednesday night. 

‘It likes to buy sanctioned oil below market value, and that fuels the Chinese economy and also its military ambitions, and so, that’s the central relationship. They’ve been relatively quiet – in fact, extremely quiet – about the current conflict and coming to Iran’s assistance. We also know that a large fire in Bandar-Bas port was Chinese solid propellant for missiles that exploded and created a tremendous amount of damage just about a month ago. I think it’s unlikely to see Chinese arms shipments under the circumstances to Iran. It’s more likely that Iran may be removing material or personnel or regime valuables to safe haven in light of the conflict. I think that’s probably the extent to which China is willing to accept the risk associated with the current circumstances.’

In 2021, Fox News Digital reported that Tehran and Beijing signed a 25-year cooperation deal amidst great fanfare in the Iranian capital. University of Tehran Professor Mohammad Marandi, who is close to the regime, told Fox News that it is about much more than what’s on paper. 

‘This strategic partnership is important because it allows Iran and China to build a roadmap for long-term relations that will be much more fruitful,’ he said. ‘It’s also a signal being sent to the United States. The more the U.S. tries to isolate Iran and China, the more it causes countries like Iran and China to move more closely to each other.’

Some have cast doubt on the flights representing a nefarious connection between the two nations, including Atlantic Council fellow Tuvia Gering who posted on X that an aviation expert told him the flights are ‘nothing to write home about.’ 

‘There are regular cargo flights by the Luxembourg-based freight company from several locations in China to Europe, with a stopover in Turkmenistan (just a few dozen kilometers from the Iranian border),’ Gering wrote. 

‘Some flight tracking websites lose the tracking signal shortly before landing and continue to show a projected route that appears to enter Iranian airspace. The sites clearly indicate that this is an estimated path; checking the aircraft tail numbers shows they take off again from Turkmenistan a few hours later, and reviewing the flight history of these routes shows they always land in Ashgabat and do not continue into Iran. All this is before even considering the obvious logic that a major European cargo company is highly unlikely to be the channel through which China transfers its super-advanced, top-secret strategic weapons to Iran.’

Tensions between Iran and Israel have escalated significantly in recent days, with the United States contemplating whether it will get directly involved in striking Iran. President Donald Trump has repeatedly said that Iran cannot have a nuclear weapon, and he is expected to meet with national security and defense leaders again on Thursday. 

‘Yes, I may do it. I may not do it. I mean, nobody knows what I’m going to do. I can tell you this that Iran’s got a lot of trouble, and they want to negotiate,’ Trump said Wednesday. 

‘And I said, why didn’t you negotiate with me before all this death and destruction? Why didn’t you go? I said to people, why didn’t you negotiate with me two weeks ago? You could have done fine. You would have had a country. It’s very sad to watch this,’ the president added.

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U.S. troops based in the Middle East could face increased attacks in the coming days or weeks, should the U.S. decide to become involved in the growing conflict between Israel and Iran. 

White House Press Secretary Karoline Leavitt said Thursday that President Donald Trump will make a decision in the next two weeks whether the U.S. will move forward and strike Iranian nuclear facilities. 

‘Yes, I may do it. I may not do it,’ Trump said Wednesday. ‘I mean, nobody knows what I’m going to do. I can tell you this, that Iran’s got a lot of trouble, and they want to negotiate.’ 

Meanwhile, Iran has issued a clear message: Doing so will come with consequences. Iran has cautioned that the U.S. will suffer if it chooses to become involved in the conflict, and previously issued retaliatory strikes against bases where U.S. troops were housed after the U.S. killed a top Iranian general in 2020. 

‘The Americans should know that any U.S. military intervention will undoubtedly be accompanied by irreparable damage,’ Iran’s Supreme Leader Ayatollah Ali Khamenei said Wednesday, according to state media. 

The Pentagon has bolstered its forces in the Middle East in light of the growing tensions, including sending the aircraft carrier Nimitz from the South China Sea to join the aircraft carrier Carl Vinson in the Middle East. 

The Pentagon referred Fox News Digital to Department of Defense spokesperson Sean Parnell’s Monday statement that American forces remain in a ‘defensive posture’ and Hegseth’s announcement Monday that more forces had been deployed to the Middle East. 

‘Protecting U.S. forces is our top priority and these deployments are intended to enhance our defensive posture in the region,’ Hegseth said Monday. 

Sen. Richard Blumenthal, D-Conn., pressed Hegseth Wednesday for details regarding what contingency plans are in place from drones amid rising tensions in the Middle East. Three U.S. service members were killed in an unmanned drone attack in Jordan in January 2024 that was attributed to an Islamic Revolutionary Guard Corps-backed militia. 

‘I have no assurance that we have the capacity to safeguard against a swarm of small, lightweight, slow-moving drones that are, in my view, our major vulnerability, and right now, if we engaged in the Iran conflict, would put us and U.S. personnel at risk there,’ Blumenthal said Wednesday. 

The U.S. currently has more than 40,000 U.S. troops and Defense Department civilians stationed in the Middle East. Here are some of the countries where U.S. military personnel are based and could face heightened threats:

Iraq 

Roughly 2,500 U.S. military personnel are stationed in Iraq as of September 2024, and are assigned to Combined Joint Task Force–Operation Inherent Resolve, according to the Department of Defense. Their role in Iraq involves advising and supporting partner forces in the region to defeat ISIS. 

Following the 2020 U.S. airstrike that killed Iranian Gen. Qassem Soleimani in Iraq, Iranian forces launched ballistic missile attacks at Erbil Air Base and Ain al-Asad Air Base in Iraq, where U.S. troops are stationed. 

Jordan

About 350 U.S. troops are deployed to Jordan at a remote military base known as Tower 22, according to the Department of Defense. 

In January 2024, three soldiers were killed and another 40 were injured when a one-way uncrewed aerial system struck Tower 22. 

In May, ten New York Army National Guard soldiers were awarded the Purple Heart for the injuries they suffered in the attack. The Pentagon blamed an Iranian-backed militia for the attack. 

Kuwait

The U.S. currently operates five bases in Kuwait: Camp Arifjan, Ali Al Salem Air Base, Camp Buehring, Camp Patriot and Camp Spearhead. 

As of January, approximately 13,500 U.S. troops are based there and primarily are focused on eliminating the threat of ISIS, according to the U.S. State Department. 

Qatar 

Qatar hosts U.S. Central Command’s forward headquarters at Al Udeid Air Base, home of the Air Force’s 379th Air Expeditionary Wing, which Air Forces Central Command has dubbed the ‘largest and most diverse wing’ within the command. The wing includes airlift, aerial refueling intelligence, surveillance and reconnaissance, and aeromedical evacuation assets, according to Air Forces Central Command. 

Bahrain 

Naval Forces Central Command is based out of Manama, Bahrain, where it spearheads a coalition of regional and international partners that are focused on supporting task forces targeting counterterrorism, counter-piracy and maritime security in the region. 

The Navy first established a base in Bahrain in 1971, which has hosted Naval Forces Central Command since 1983. 

United Arab Emirates

Just 20 miles south of the United Arab Emirates capital of Abu Dhabi is Al Dhafra Air Base, home of the Air Force’s 380th Air Expeditionary Wing. 

The wing includes unmanned aircraft including the RQ-4 Global Hawk, a remotely piloted surveillance aircraft. 

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White House Press Secretary Karoline Leavitt said Thursday that President Donald Trump will make a decision on the U.S. becoming involved in Israel’s conflict with Iran within the next two weeks. 

‘I have a message directly from the president, and I quote, ‘based on the fact that there’s a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks,” Leavitt said at a White House briefing quoting Trump.

‘That’s a quote directly from the president for all of you today.’

‘He’s been very clear,’ she added. ‘Iran went for 60 days when he gave them that a 60-day warning without coming to the table. On day 61, Israel took action against Iran. And as I just told you from the president directly, he will make a decision within two weeks in.’

Leavitt said that there have been six rounds of direct and indirect negotiations with Iran. She said that talks continue but declined to provide details.

Asked if Trump would strike Iran if negotiations fail, Leavitt repeatedly said the president would make a decision ‘whether or not to go’ within the next two weeks.

WATCH: Karoline Leavitt pressed on ramifications of Trump’s Middle East foreign policy

Karoline Leavitt pressed on ramifications of Trump’s Middle East foreign policy

When pressed about the reliability of that timeline, given previous delays on other global matters, Leavitt said the conflicts are different. 

‘President Trump inherited global instability from the last administration. He is always interested in diplomacy but not afraid to use strength,’ Leavitt said. 

Leavitt insisted that Iran cannot attain a nuclear bomb, a position repeatedly stated by Trump and Israel.

‘The president’s top priority is ensuring that Iran cannot obtain a nuclear weapon and providing peace and stability in the Middle East.’

Israel launched an attack on Iran on Friday, targeting its nuclear facilities and taking out some of the country’s top military generals. Iran has been respnseinf hitting Tel Aviv and other locations.

An Iranian missile barrage hit the Soroka Hospital on Thursday morning, injuring more than 70 people, Israel said.

This is a breaking news story and will be updated. 

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Israel’s military campaign in Iran has already produced ‘enormous achievements,’ according to experts tracking the conflict, with many citing the operation as the payoff for years of preparation, battlefield innovation and intelligence development.

Mark Dubowitz, CEO of the Foundation for Defense of Democracies and a leading voice on U.S. policy toward Iran, called Israel’s progress ‘a resounding military win.’

‘They’ve actually dominated the Iranian military,’ Dubowitz told Fox News Digital. ‘They’ve taken out many senior military leaders, the Iranian Air Force, and a significant percentage of missile launchers and ballistic inventory.’

Still, Iran’s retaliation is taking a toll. On Thursday morning, an Iranian missile struck Soroka Medical Center in Beersheba and targeted several major cities, injuring hundreds.  Despite the heavy costs, military experts insist that the IDF continues to hold the upper hand, both tactically and strategically.

Comparing the scale of success to the Six-Day War, Dubowitz said, ‘It’s starting to look like 1967, when the Israelis eviscerated five Arab armies. It may take longer than six days, but they’re certainly on that trajectory.’

Hilla Hadad-Chmelnik, a strategist at ‘Mind Israel’ think tank and former CEO of the Ministry of Innovation, noted that the success is no accident — it is the result of ‘years of preparation in every aspect.’ From developing long-range strike capabilities to building an unparalleled intelligence apparatus and adapting operational doctrines from Gaza and Lebanon, she said the IDF’s current dominance is a product of both innovation and experience.

‘This is not a campaign someone decided to do six months ago,’ she said. ‘This is years of work — in intelligence, in weapons development, in defensive and offensive operations. The methods we tested against Hezbollah — striking command chains quickly and precisely — were studied, refined, and applied here.’

She pointed to lessons learned in Gaza, especially the importance of rapidly identifying and eliminating rocket launchers before strikes even begin. ‘We learned through hard fighting that you have to neutralize launchers, not just intercept the missiles. And that doctrine — developed in Gaza where targets are five minutes away — has now been adapted to Iran, with all the complexity that entails.’

Hadad-Chmelnik stressed that Israel’s control over Iranian skies is ‘stunning … the Air Force is flying over Iran day after day. Drones are holding the skies.’

Even with the heavy toll taken when Iran’s missiles get through, like the attack against Soroka hospital on Thursday, she credited the country’s defensive systems, like Iron Dome and David’s Sling — systems she helped develop — which intercepted missile salvos with over 90% effectiveness, even amid unprecedented barrages. ‘This is a war of a different scale, and yet the systems are holding,’ she said.

Dubowitz acknowledged that despite massive gains, one key target remains: the Fordow nuclear enrichment facility, buried under a mountain at a Revolutionary Guard base.

‘Israel has devastated Iran’s nuclear infrastructure. They’ve eliminated 14 senior nuclear scientists — the ‘Oppenheimers’ of Iran’s program,’ he said. ‘But Fordow remains. And if it’s left standing, Iran can rebuild.’

While Dubowitz clarified that he is not explicitly calling for U.S. military strikes, he said that ‘President Trump must ensure Fordow is fully dismantled — whether through a diplomatic agreement or, if Iran refuses, a targeted military intervention.’

He outlined three potential paths: ‘One, Iran shows up for a real deal and the program is dismantled. Two, Trump strikes Fordow. Three, Trump strikes and then negotiates. But either way, it has to end with Iran losing its nuclear weapons capability — not just temporarily, but permanently.’

Hadad-Chmelnik, believes Israel’s success has created an opportunity for the United States.

‘Thanks to the phenomenal achievements of the IDF, the situation is now very clear. If the U.S. were to join at this point, with Fordow as the main remaining target and most assets already degraded, it would not look like getting pulled into a quagmire,’ she said. ‘This is nothing like Ukraine or Afghanistan. There’s an actual path to decisive success, and that can change the political calculus in Washington.’

Dubowitz added that Israel’s offensive struck not only military and nuclear targets, but also Iran’s internal security infrastructure — including state media and the regime’s repressive arms. for that, he said, could open the door for future domestic unrest. ‘We can’t expect people to protest while missiles are falling. But if Israel continues striking the regime’s tools of repression, space may open for Iranians to return to the streets.’

IDF footage shows strike on missile launcher

Dubowitz, who has spent two decades warning of Iran’s nuclear ambitions, reflected on the moment with cautious hope. ‘I’m heartened to see the long arm of Israeli justice reach those responsible for such brutal aggression,’ he said. 

‘This may be a historic opportunity to truly end Iran’s nuclear threat, and perhaps even to support the Iranian people in reclaiming their future,’ he added, ‘There have been incredible achievements, but if Fordow is left standing by President Donald Trump, then it could end up being a Pyrrhic victory.’

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After days of tit-for-tat strikes between Israel and Iran, for the civilians caught up in Israel’s bombing campaign, life is filled with uncertainty.

A week into the conflict, Iranians’ contact with the outside world is difficult, hampered by sporadic internet and phone coverage. Some – typically wealthy activists – have access to Starlink terminals providing independent internet access.

“We have electricity but gasoline is useless to us because we have nowhere to go outside Tehran,” he said, after long lines of traffic departing the capital were seen in recent days.

Glued to the TV watching an outlawed Iranian broadcaster based in London, he said his family hadn’t left their house in recent days.

⁠”Daily life is filled with constant fear and distrust,” he said.

From Shiraz in southern Iran, a 55-year-old English teacher described a “huge group of people waiting” to withdraw cash at a bank branch in the city center.

“The workers were completely overwhelmed and said they just cannot process all these requests for cash. I wouldn’t say it was chaotic, but I do feel there is an underlying feeling of panic,” he said.

Destruction and despair

A hairdresser from Shiraz lamented the destruction being inflicted: “I don’t even know what to say. You watch the videos, the photos. People are being killed, our country is being looted, falling apart like this.”

“Israel and the US don’t care about the Iranian people,” she said. “You want to hit the real target, but it’s surrounded by ordinary people. They’re destroying the country.”

Bleak prospects

More than 200 people have been killed in Iran, according to Tehran, with Israel’s strikes taking out much of the key leadership in the country’s military and nuclear program. But Iran has accused Israel of also targeting its energy and digital infrastructure.

“We are paying the price for a dictatorship and its arrogance,” shared a nurse from Mashad, northeast Iran, whose father was a decorated war veteran. “But now that all its forces (in the region) have been destroyed, it seems that its own turn has come,” she added.

Watching the attacks on a deeply unpopular regime, some Iranians confessed to welcoming the strikes, even as civilians were caught up in the bombings.

“Still, I’ll say it, I’m genuinely happy. Really, deeply happy!” she added. “I believe it’s worth it, for the sake of future generations.”

But a week into the fighting, even as diplomatic channels for peace start to coalesce, there’s still no sign of an end to the bombings. Uncertainty has only been fueled by US President Donald Trump teasing the possibility of US aircraft joining the bombing campaign.

Iran’s Supreme Leader Ayatollah Khamenei has slammed Trump’s call for surrender, warning that America’s involvement in Israel’s military campaign would “100% be at their loss.”

Other Iranians share his defiance.

“The mood in Iran is starting to morph into an environment of nationalism,” according to a 69-year-old Iranian-American woman visiting Tehran. “I saw a lot of cars waving the Islamic Republic flag from their windows as we drove out of town.”

“Now that Trump has come this far, he will see it through to the end. They don’t let a wounded bear go free,” she said.

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A serial rapist who was convicted of raping 10 women in the United Kingdom and China has been jailed for life with a minimum term of 24 years.

Zhenhao Zou, 28, was sentenced Thursday at Inner London Crown Court. Judge Rosina Cottage told him he would serve 22 years and 227 days before he was eligible for parole, taking into account time spent on remand, according to the UK’s PA Media.

Zou was found guilty in March of 11 counts of rape, one count of false imprisonment, three counts of voyeurism and a number of other offenses, including the possession of extreme pornographic images and the possession of a controlled drug with intent to commit a sexual offense.

Many of his victims were “unconscious and rendered defenseless” after being drugged, according to prosecutors.

Police and prosecutors said Zou, who also used the name “Pakho” online, contacted students of Chinese heritage on WeChat and dating apps, inviting them to his apartments in London and China to drug and assault them. The police said he also took items from his victims, including jewelry and clothing.

The UK’s Crown Prosecution Service said Zou filmed some of the attacks using a mobile device and hidden cameras. The police said he “manipulated and drugged women in order to prey on them in the most cowardly way.”

Zou was a PhD student at University College London. He was arrested in January 2024 after one of his victims came forward to police.

Prosecutors in March said that the “courageous women who came forward to report Zhenhao Zou’s heinous crimes” had been “incredibly strong and brave” and that there was “no doubt” that their evidence had led to his convictions.

Ivana Kottasová contributed to this report.

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Here’s a quick recap of the crypto landscape for Wednesday (June 18) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$104,043, a decrease of 0.8 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$103,832 and a high of US$105,218.

Bitcoin price performance, June 18, 2025.

Bitcoin price performance, June 18, 2025.

Chart via TradingView.

Bitcoin hovered around US$105,000 on Wednesday morning before pulling back to around US$104,000 in the leadup to the US Federal Reserve’s decision to leave interest rates unchanged.

The crypto market has displayed resilience despite mounting geopolitical tensions, which have been tempered in light of the Senate vote to advance the GENIUS Act. Institutional buying, partly fueled by an influx of corporate treasuries, is helping to support demand amid uncertainty.

Key levels to watch are US$102,000 to US$104,000 as support and US$106,000 as resistance.

A breakout above US$112,000 could trigger a liquidation cascade to US$114,000, while a drop below US$100,000 risks deeper downside toward US$98,000.

Ethereum (ETH) is currently priced at US$2,498.86, a 1.4 percent decrease over the past 24 hours. Its lowest valuation on Wednesday was US$2.471.24, and it reached a high of US$2,533.07.

Altcoin price update

  • Solana (SOL) was priced at US$145.22, down 2.7 percent over 24 hours. SOL experienced a low of US$144.08 and reached a high of US$146.55.
  • XRP was trading at US$2.15, a two percent decrease in 24 hours. Its lowest valuation on Wednesday was US$2.12, and it reached an intraday peak of US$2.16.
  • Sui (SUI) was trading at US$2.78, showing a decreaseof 3.5 percent over the past 24 hours. Its lowest valuation was US$2.73 as the markets opened, and it reached an intraday high of US$2.80.
  • Cardano (ADA) is priced at US$0.5935, down 4.2 percent in 24 hours. Its lowest valuation on Wednesday was US$0.5908, and its highest valuation was US$0.6052.

Today’s crypto news to know

Senate advances GENIUS Act

In a vote of 68 to 30, the US Senate passed the GENIUS Act, advancing the legislation to the House.

“With this bill, the United States is one step closer to becoming the global leader in crypto,” said Republican Senator Bill Hagerty of Tennessee from the Senate floor before the Tuesday (June 17) vote.

‘Once the GENIUS Act is law, businesses of all sizes, and Americans across the country will be able to settle payments nearly instantaneously rather than waiting for days or sometimes even weeks,’ he added.

Ubyx platform aims to boost stablecoin adoption

Ubyx, a new stablecoin clearing platform designed to boost stablecoin adoption through face value redemptions, has secured US$10 million in seed funding, according to a company announcement made on Tuesday.

The round was led by Galaxy Ventures, and included participation from Coinbase Ventures, Founders Fund, VanEck and Paxos among others. Ubyx intends to launch its platform, which will enable regulated banks and fintech companies to redeem stablecoins directly for fiat currency at par value in the fourth quarter of 2025.

Ubyx’s partners include stablecoin issuer Paxos and blockchain firm Ripple.

Ondo Finance launches alliance for on-chain asset adoption

On Tuesday, Ondo Finance introduced the Global Markets Alliance, a collaborative effort to encourage the adoption of on-chain financial assets. Founding members include eight crypto platforms: Solana Foundation, Bitget Wallet, Jupiter Exchange, Trust Wallet, Rainbow, BitGo, Fireblocks, 1inch and Alpaca, with expectations for additional members to join.

Ondo Finance specializes in real-world asset tokenization and recently launched a layer-1 blockchain designed for institutional on-chain assets. The platform provides tokenized treasury products collateralized by US government debt.

Corporate crypto investments exceed US$880 million in two days

Four publicly traded US companies announced a total of US$844 million in cryptocurrency investments on Tuesday, signaling a growing trend of corporations seeking returns through Bitcoin and other digital assets.

Hong Kong-based DDC Enterprise (NYSEAMERICAN:DDC) secured US$528 million via three securities purchase agreements, funding the company will use to acquire 5,000 Bitcoin over the next three years to fulfill with company’s goal of building the ‘world’s most valuable Bitcoin treasury.”

Major investors included Anson Funds and Animoca Brands’ venture capital arm.

Fold Holdings (NASDAQ:FLD), recognized as the first publicly traded Bitcoin financial services firm, secured a US$250 million equity purchase facility. Net proceeds are primarily intended for further Bitcoin acquisitions.

BitMine Immersion Technologies (NYSEAMERICAN:BMNR), a firm specializing in Bitcoin mining equipment rentals, announced its purchase of US$16.3 million worth of Bitcoin, utilizing funds from a recent stock offering.

Eyenovia (NASDAQ:EYEN) disclosed a US$50 million private placement to establish a reserve for the Hyperliquid (HYPE) token. It intends to acquire over 1 million HYPE tokens to be staked on Anchorage Digital’s crypto platform.

In Europe, Paris’ Blockchain Group (EPA:ALTBG) expanded its Bitcoin reserves with the acquisition of 182 BTC for approximately US$19.6 million. This purchase increases the company’s total Bitcoin holdings to 1,653 BTC and was financed through a series of convertible bond issuances.

Buying continued on Wednesday with the announcement of health services company Prenetics’ (NASDAQ:PRE) US$20 million Bitcoin investment. This news coincided with the appointment of former OKEx COO Andy Cheung to Prenetics’ board of directors, and Tracy Hoyos Lopez, chief of staff of strategic initiatives at Kraken, as an advisor to the company’s Bitcoin strategy.

Crypto-finance integration deepens with collateral expansions

In a joint statement on Wednesday, Coinbase Derivatives and Nodal Clear announced they are expanding their partnership to allow Circle’s USDC stablecoin to be used as collateral in US futures markets. This initiative is anticipated to be the first regulated instance of USDC being used as collateral, with Coinbase Custody Trust acting as the custodian.

The goal of this integration is to encourage wider acceptance of stablecoins within regulated derivatives markets. Pending approval from the Commodity Futures Trading Commission, the integration is scheduled to launch in 2026.

Meanwhile, ARK Invest, led by Bitcoin bull Cathie Wood, sold 642,766 shares of USDC issuer Circle (NYSE:CRCL), worth US$96.5 million, over Monday (June 16) and Tuesday.

This occurred as Circle’s stock price declined by almost 12 percent during the same period. This marks ARK’s first divestment of Circle since its explosive NYSE public debut on June 5. Circle’s share price has since recovered, ending the trading day valued at US$199.59, 35 percent above Monday’s opening price of US$147.54.

In other news, Deribit and Crypto.com will now begin accepting BlackRock (NYSE:BLK) tokenized US Treasury fund (BUIDL) as collateral for trading accounts held by institutional and experienced clients. This allows these traders to use a low-volatility, yield-generating asset to back leveraged positions, reducing their margin requirements.

These steps reflect a growing trend toward deeper crypto-finance integration.

New XRP ETFs launch on Toronto Stock Exchange

Three new XRP exchange-traded funds (ETFs) launched on the Toronto Stock Exchange (TSX) on Wednesday, offering Canadian investors direct exposure to the XRP cryptocurrency.

        These new ETFs expand accessibility to digital asset investments for Canadians within a regulated framework.

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

        This post appeared first on investingnews.com

        A judge slapped two men who pleaded guilty in connection with a voting fraud scheme with tougher prison sentences than the government had even requested.

        ‘In the court’s view, there are very few crimes in our federal code which are more serious than what you have committed,’ Judge Harvey Bartle III scolded former Millbourne Borough Council vice president Md Nurul Hasan, according to Votebeat. ‘What you have done is undermine our democratic process.’

        Hasan pleaded guilty to charges after engaging in an election fraud scheme while he was running for mayor in 2021, but the plot to subvert the will of voters did not even work — Hasan still lost the mayoral race.

        ‘The defendants’ efforts to steal the election for defendant MD NURUL HASAN were ultimately unsuccessful, as defendant HASAN still lost the general election by a vote of approximately 165 to 138,’ the indictment declares.

        According to a U.S. Attorney’s Office, Eastern District of Pennsylvania press release, ‘Hasan … pleaded guilty in April to all 33 charges against him — one count of conspiracy, 16 counts of giving false information in registering to vote, and 16 counts of fraudulent voter registration. He was sentenced to 36 months in prison, one year of supervised release, and a $3,300 special assessment.’

        That prison time exceeds the government’s request for 18 to 24 months of imprisonment.

        Hasan resigned from the council earlier this year after he entered his plea, according to the Delaware County Daily Times.

        Former council member MD Rafikul Islam, who ‘pleaded guilty in April to all seven charges against him — one count of conspiracy, three counts of giving false information in registering to vote, and three counts of fraudulent voter registration,’ has been ‘sentenced to 12 months and one day in prison, one year of supervised release, $1,000 fine, and a $700 special assessment.’

        That prison time exceeds the government’s request for zero to six months of imprisonment.

        The federal judge with the U.S. District Court for the Eastern District of Pennsylvania was nominated by President George H.W. Bush in 1991, according to the Federal Judicial Center.

        Md Munsur Ali — who is currently listed online as a member of the Millbourne Borough council — has also pleaded guilty in the case.

        He is slated to be sentenced next week, according to the press release.

        ‘Ali, a member of the Millbourne Borough Council, pleaded guilty in April to all 25 charges against him — one count of conspiracy, 12 counts of giving false information in registering to vote, and 12 counts of fraudulent voter registration. He is scheduled to be sentenced on June 26,’ the release notes.

        This post appeared first on FOX NEWS