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Final Short Form Base Shelf Prospectus and Prospectus Supplement are Accessible on SEDAR+

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (‘ Rua Gold ‘ or the ‘ Company ‘) announces that, further to its news release of June 16, 2025 it has filed a prospectus supplement dated June 18, 2025 (the ‘ Prospectus Supplement ‘) to its final short form base shelf prospectus dated July 11, 2024 (as supplemented by the Prospectus Supplement, the ‘ Prospectus ‘) with the securities commissions in each of the provinces and territories of Canada except Quebec in connection with its public offering of up to 10,500,000 common shares in the capital of the Company (each, a ‘ Common Share ‘) at a price of C$0.70 per Common Share (the ‘ Offering Price ‘) for aggregate gross proceeds of up to C$7,350,000 (the ‘ Public Offering ‘). In addition to the Public Offering, the Company will be completing a contemporaneous private placement (the ‘ Private Placement ‘) of up to 8,200,000 Common Shares at the Offering Price for aggregate gross proceeds of up to C$5,740,000 (the ‘ Private Placement ‘ and with the Public Offering, the ‘ Offering ‘). Cormark Securities Inc. and Red Cloud Securities Inc. (the ‘ Co-Lead Agents ‘) are acting as co-lead agents on a ‘best efforts’ agency basis in connection with the Offering.

The Offering is expected to close on or about June 26, 2025 (the ‘ Closing Date ‘), or such other date as agreed upon between the Company and the Co-Lead Agents, and is subject to certain conditions including, but not limited to the receipt of all necessary regulatory approvals.

The Company has granted to the Agents an option (the ‘ Over-Allotment Option ‘) exercisable, in whole or in part, prior to the Closing Date to arrange for the sale of, at the Offering Price, up to 1,014,450 additional Common Shares for market stabilization purposes and to cover over-allotments, if any.

The Company intends to use the net proceeds from the Offering for continuing the exploration program on its New Zealand properties, and for general working capital and general corporate purposes.

The Private Placement will be completed pursuant to applicable exemptions from the prospectus requirements in all of the Provinces of Canada . The Common Shares issued pursuant to the Private Placement will be subject to a statutory hold period in Canada expiring four months and one day following the Closing Date. The Common Shares may also be sold in the United States on a private placement basis pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘) and applicable U.S. state securities laws, and other jurisdictions outside of Canada and the United States pursuant to available prospectus or registration exemptions in accordance with applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction.

Prospectus is Accessible through SEDAR+

Access to the Prospectus and any amendment thereto is provided, and delivery thereof will be satisfied, in accordance with the ‘access equals delivery’ provisions of applicable securities legislation. The Prospectus is accessible on the Company’s profile at SEDAR+ at www.sedarplus.ca . An electronic or paper copy of the Prospectus and any amendment to the documents may be obtained, without charge, from Cormark Securities Inc. by phone at (416) 362-7485 or email at ecm@cormark.com , by providing the contact with an email address or address, as applicable. Prospective investors should read the Prospectus in its entirety before making an investment decision.

The securities referred to in this news release have not been, nor will they be, registered under the U.S. Securities Act or any U.S. 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 absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States , nor in any other jurisdiction in which such offer, solicitation or sale would be unlawful. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S. Securities Act.

About Rua Gold

Rua Gold is an exploration company, strategically focused on New Zealand . With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of Rua Gold’s two highly prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand’s South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.

The Company’s Glamorgan Project solidifies Rua Gold’s position as a leading high-grade gold explorer on New Zealand’s North Island. This highly prospective project is located within the North Islands’ Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation’s biggest gold mining project, Wharekirauponga.

For further information, please refer to the Company’s disclosure record on SEDAR+ at www.sedarplus.ca .

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur and specifically include statements regarding: the use of proceeds from the Offering, the size of the Offering, the timing of the Closing Date and completion of the Offering, the exercise of the Over-Allotment Option, the receipt of all necessary regulatory approvals; the Company’s strategies, expectations, planned operations or future actions, including but not limited to exploration programs at its Reefton and Glamorgan projects and the results thereof. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statement.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia – Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s short form base shelf prospectus dated July 11, 2024 , and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE Rua Gold Inc.

View original content: http://www.newswire.ca/en/releases/archive/June2025/18/c3975.html

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Investing

RHI: Sandstone Gold Royalty – completion of purchase

Brightstar Resources (BTR:AU) has announced RHI: Sandstone Gold Royalty – completion of purchase

Download the PDF here.

This post appeared first on investingnews.com

Investing

10 Silver ETFs for Every Investing Style in 2025

Investors looking for exposure to the silver price and silver-mining companies should consider silver exchange-traded funds (ETFs).

Spurred by moves in the gold market, safe haven buying as well as increasing demand from industrial sectors, silver saw strong price movements in the first half of 2025, breaching US$37 per ounce for the first time since 2011.

While silver has often been seen as a more approachable precious metal owing to its lower per ounce price, its performance has lagged gains seen in the gold price over the past few years. However, silver stole some of the spotlight in the second quarter of 2025 as it saw significant gains on the back of geopolitical tension and economic uncertainty from the US trade and tariff policy.

Like gold, investors can gain exposure to silver in several ways that each offer their own pros and cons, along with differing costs and risks. For example, investors can purchase physical silver bars or coins, or invest in silver futures.

Another way for investors to diversify their portfolio with silver is to invest ETFs. These products work similarly to mutual funds in that they pool investor resources into an asset. However, as their name suggests, ETFs are traded on exchanges like stocks, making them more accessible to investors.

While ETFs aren’t without risk, they can offer a more stable investment compared to individual stocks thanks to their diversification and the fact that they are often managed and rebalanced.

Silver ETFs come in several forms, such as ones that hold physical silver and ones that hold silver mining, royalty and exploration stocks. Investors looking to start trading silver ETFs should be aware of the options available to them to determine which silver ETF will best suit their precious metals investing needs and risk tolerance.

Here’s a brief look at 10 of the top silver ETFs by total assets. The first five ETFs offer exposure to the price of silver, while the last five provide exposure to silver-mining stocks.

Assets and prices for these silver ETFs were collected on June 17, using data from the funds’ web pages, and performance data is accurate for the end of Q1 2025.

5 ETFs for exposure to the silver price

1. iShares Silver Trust (ARCA:SLV)

Total assets: US$17.21 billion
Unit price: US$33.06

The iShares Silver Trust provides investors with access to the silver price performance, using the London Bullion Market Association silver price as its benchmark.

As the iShares Silver Trust’s web page warns, it is not an investment company registered under the Investment Company Act of 1940, or a commodity pool under the Commodity Exchange Act. Because of this, it is not subject to the regulatory requirements that apply to mutual funds or ETFs.

This trust holds 471 million ounces silver bullion and has a five year average annual total return of 18.99 percent.

2. Sprott Physical Silver Trust (ARCA:PSLV,TSX:PSLV)

Total assets: US$7.12 billion
Unit price: US$12.84

The Sprott Physical Silver Trust is an option for investors looking for the security of physical silver without the need to find secure storage.

The ETF is backed by 191.12 million ounces of silver held in trust in fully allocated London Good Delivery silver bars. Additionally, the ETF is fully convertible into physical silver, should investors decide they want the precious metal on hand. However, the fund states that holders ‘must have enough units to equate to ten 1000 oz silver bars.’

The average annual five-year return based on net asset value for the Sprott Physical Silver Trust is 11.67 percent.

3. Aberdeen Standard Physical Silver Shares ETF (ARCA:SIVR)

Total assets: US$1.92 billion
Unit price: US$34.68

The Aberdeen Standard Physical Silver Shares ETF’s investment objective is for its shares to reflect the performance of the silver price less the expenses of the trust’s operations. It has an expense ratio of 0.3 percent. This ETF comes with the same warnings as the iShares Silver Trust.

The fund is backed with 45.51 million ounces of silver held with JPMorgan Chase Bank in London in a secured vault. Its five year average annual return comes in at 13.12 percent based on net asset value.

4. ProShares Ultra Silver ETF (ARCA:AGQ)

Total assets: US$717.99 million
Unit price: US$48.69

Set up in December 2008 by ProShares, the ProShares Ultra Silver ETF was designed to offer daily investment results that correspond with twice the daily performance of the Bloomberg Silver Subindex. Because of this, the ETF is aimed at investors who are bullish on silver and able to monitor their investments on a daily basis.

The fund uses derivatives such as futures contracts to invest in silver and has an expense ratio of 0.95 percent.

While designed for short term investment, the ETF’s average annual five year return based on net asset value stands at 19.98 percent. Investors looking for a more accurate picture of its day-to-day performance can find a chart on the fund’s page.

5. ProShares UltraShort Silver ETF (ARCA:ZSL)

Total assets: US$32.87 million
Unit price: US$25.30

Alongside the creation of the ProShares Ultra Silver ETF in late 2008, ProShares launched its ProShares UltraShort Silver ETF. This fund was designed to provide investors with a hedge against declines in the silver market. It also has an expense ratio of 0.95 percent.

Because the fund is built around providing results at a negative two times daily performance of the Bloomberg Silver Subindex, it is meant for traders who have a high capacity for risk and who are willing to monitor their positions on a daily basis. The fund should be treated in the same way as the Ultra Silver ETF.

This high-volatility fund has an average annual total return of -44.93 percent based on net asset value over the previous five year period. However, as the fund is only meant to be held for very short intervals, this metric is less useful than for other funds. A more accurate picture of its day-to-day performance can be found on the fund’s page.

5 ETFs for exposure to silver mining stocks

1. Global X Silver Miners ETF (ARCA:SIL)

Total assets: US$1.97 billion
Unit price: US$48.66

The Global X Silver Miners ETF gives investors access to a basket of silver-mining and royalty stocks. The ETF benefits from the fact that these companies can climb when the silver price is rising. It also allows investors to avoid the risks associated with individual companies and lets them add geographical diversity to their portfolios.

This ETF has an expense ratio of 0.65 percent, and its top holdings include streaming company Wheaton Precious Metals (TSX:WPM,NYSE:WPM) at a weight of 21.22 percent, Pan American Silver (TSX:PAAS,NYSE:PAAS) at a weight of 12.98 percent and OR Royalties (TSX:OR,NYSE:OR) at 6.1 percent.

The five year average annualized total return for the fund is 11.75 percent.

2. Amplify Junior Silver ETF (ARCA:SILJ)

Total assets: US$1.42 billion
Unit price: US$14.97

The Amplify Prime Junior Silver ETF bills itself as the ‘first and only ETF to target small cap silver miners.’ The index provides a benchmark for investors to track public small-cap companies in the silver space.

The ETF has an expense ratio of 0.69 percent and its holdings span Canada, the US and the UK, with key silver companies such as Coeur Mining (NYSE:CDE) at 13.22 percent, First Majestic Silver (TSX:AG,NYSE:AG) at a weight of 10.61 percent and Hecla Mining Company (NYSE:HL) at 8.34 percent.

Over the last five years, the fund’s average annualized total return based on net asset value is 3.99 percent.

3. iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP)

Total assets: US$314.25 million
Unit price: US$17.96

The iShares MSCI Global Silver and Metals Miners ETF tracks an index composed of global equities of companies primarily engaged in silver exploration or metals mining. The ETF has the lowest expense ratio of the three ETFs focused on silver stocks at 0.39 percent.

The large majority of companies in its holdings, about 69 percent, are traded on Canadian exchanges, and companies on US and Mexican exchanges combine for 27 percent.

The top three holdings for the iShares MSCI Global Silver Miners ETF are Pan American Silver at a weight of 22.98 percent, Industrias Peñoles (BMV:PE&OLES) with a weight of 12.6 percent and Hecla Mining at 8.74 percent.

The fund’s average annualized return over the last five year period is 16.2 percent.

4. Sprott Silver Miners & Physical Silver ETF (NASDAQ:SLVR)

Total assets: US$99.9 million
Unit price: US$30.83

Unlike the other silver mining ETFs on the list, the Sprott Silver Miners and Physical Silver Fund has a combination of physical silver holdings as well as equities. The fund launched in January 2025, making it one of the newest entries to the list. Its management fee is 0.65 percent.

This ETF’s top holding is its counterpart Sprott Physical Silver Trust, which provides investors exposure to physical silver, at a 15.26 percent weight. Its next-largest holdings are MAG Silver (TSX:MAG) at 13.64 percent and Aya Gold & Silver (TSX:AYA) at 7.61 percent.

Since its inception in January 2025, the fund has a total return of 24.98 percent.

5. Sprott Active Gold and Silver Miners ETF (NASDAQ:GBUG)

Established in February 2025, the Sprott Active Gold and Silver Miners ETF is designed to provide investors broad access to both gold and silver equities. Additionally, as an active fund, it will see more frequent rebalancing to increase the potential of better returns for investors. Its management fee is 0.89 percent.

The fund’s top holdings consist of Coeur Mining weighted at 5.13 percent, OR Royalties at 5 percent and Torex Gold (TSX:TXG) at 4.82 percent.

Since its inception in February, the fund has seen a total return of 27.13 percent.

Securities Disclosure: I, Dean Belder, hold an investment in Sprott Active Gold and Silver Miners ETF.

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Business

DOJ seizes record $225 million in crypto tied to global ‘pig butchering’ scams

The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally.

Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in legitimate crypto ventures, only to be scammed by criminal networks often operating overseas.

“This seizure of $225.3 million in funds linked to cryptocurrency investment scams marks the largest cryptocurrency seizure in U.S. Secret Service history,” said Shawn Bradstreet, special agent in charge of the U.S. Secret Service’s San Francisco Field Office, in a statement.

Authorities said the network was connected to at least 400 suspected victims worldwide, including dozens in the U.S. Crypto fraud was responsible for more than $5.8 billion in reported losses last year, according to FBI data.

The seized funds are now subject to forfeiture proceedings aimed at eventually returning money to victims.

The U.S. Secret Service and FBI used blockchain analysis and other tools to trace the cryptocurrency back to stolen assets. The DOJ credited Tether, the world’s largest stablecoin issuer, for assisting in the operation.

According to the complaint, the funds were linked to the theft and laundering of money from victims of cryptocurrency investment fraud schemes, commonly known as confidence scams that often involve romance.

The network relied on hundreds of thousands of transactions to obscure the origin of the funds, using sophisticated blockchain maneuvers to conceal the flow of stolen assets.

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Investing

Gold Price, Equities Flat as Fed Leaves Rates Unchanged

The US Federal Reserve held its fourth meeting of 2025 from Tuesday (June 17) to Wednesday (June 18) against a backdrop of trade tensions, spurred on by the Trump administration’s tariffs.

The central bank met analysts’ expectations by holding its benchmark rate in the 4.25 to 4.5 percent range.

Chair Jerome Powell stated that the Fed’s dual mandate of maximum employment and stable prices remains in balance, noting that the US economy is solid. He added that the labor market is not a source of inflationary pressures.

“For the time being we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance,” Powell said in his post-meeting comments.

The Fed chair also drew attention to personal consumption expenditures (PCE) prices for May, saying:

‘Estimates based on the Consumer Price Index and other data indicate that total PCE prices rose 2.3 percent over the 12 months ending in May, and that, excluding the volatile food and energy categories, core PCE prices rose 2.6 percent.’

While official PCE price index data will not be released until June 27, the figures mentioned by Powell indicate that the index is up compared to April, when it came in at 2.1 percent overall and 2.5 percent less food and energy.

The PCE is the favored inflation measure used by the Fed when setting its benchmark rate.

Powell also noted slowing gross domestic product growth in Q1, attributing the change to greater spending by importers that worked to make purchases ahead of the implementation of import tariffs by the Trump administration.

The effects of tariffs have yet to be fully felt in the economy, as many retailers are still working through inventories purchased before the tariffs took effect. Powell asserted that it remains to be seen whether the price increases will be a one-time shock, or will have a more persistent impact on inflation.

Before the Fed announcement, President Donald Trump told reporters at the White House that he is dissatisfied with Powell and joked about appointing himself as Fed chair. Trump has previously expressed disdain for Powell, saying that he should be working more quickly to bring down the federal funds rate to stimulate the economy.

Powell was appointed Fed chair by Trump in 2017 and will hold the position until May 2026.

Gold was relatively flat after the Fed news, losing just 0.29 percent to US$3,379.48 per ounce. Silver declined for most of the morning, losing 1.03 percent, but was still near recent highs at US$36.72 per ounce at 3:00 p.m. EST.

The S&P 500 (INDEXSP:INX) was also flat, recording a 0.08 percent decline to reach 5,578. The Nasdaq-100 (INDEXNASDAQ:NDX) gained 0.49 percent to come in at 21,822, and the Dow Jones Industrial Average (INDEXDJX:.DJI) lost 0.12 percent, coming to 42,193.

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

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Business

Amazon expects to cut corporate jobs as it relies more on AI

Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence ‘will reduce our total corporate workforce as we get efficiency gains’ over time.

‘We will need fewer people doing some of the jobs that are being done today, and more people do other types of jobs,’ Jassy added in a memo to Amazon’s workforce.

The CEO of the country’s second-largest retailer and employer said Amazon is using generative AI ‘in virtually every corner of the company.’

Amazon employs more than 1.5 million people worldwide, according its most recent annual report.

This year, Amazon plans to spend $100 billion to expand AI services and data centers that power them, up from $83 billion last year.

Jassy said he believes so-called ‘AI agents’ will ‘change how we all work and live.’ While ‘many of these agents have yet to be built,’ he said, ‘they’re coming, and fast.’

He continued by saying that they will ‘change the scope and speed at which we can innovate for customers.’

Amazon currently has more than a thousand AI services and applications running inside the company or in progress of being built.

Jassy’s comments Tuesday will likely invoke fears that many corporate workers have had as artificial intelligence captures the eye of efficiency-minded executives across corporate America. A recent study from Bloomberg Intelligence said that AI could replace up to 200,000 banking jobs.

Andy Jassy. — Amazon CEO Andy Jassy in New York on Feb. 26.Michael Nagle / Bloomberg via Getty Images

Artificial intelligence has also been shown to be effective at coding for software programs.

Cybersecurity firm Crowdstrike eliminted 5% of its workforce in May, saying that AI was driving ‘efficiencies across both the front and back office.’

Shopify CEO Tobi Lutke said managers at the e-commerce company will be expected to prove why they ‘cannot get what they want done using AI’ before asking for more headcount.

‘Having AI alongside the journey and increasingly doing not just the consultation, but also doing the work for our merchants is a mind-blowing step function change here,’ Lutke added.

Language learning firm Duolingo also recently said that it would replace contract workers with artificial intelligence. ‘We’ll gradually stop using contractors to do work that AI can handle,’ CEO Luis von Ahn wrote in a memo to Duolingo employees in May. ‘Headcount will only be given if a team cannot automate more of their work,’ von Ahn added.

The CEO of U.K. telecom giant BT said this week that plans to cut 40,000 jobs from the company’s workforce over the next 10 years ‘did not reflect the full potential of AI.’

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Politics

Vance defends Gabbard as ‘critical part’ of Trump team after president dismissed Iran nuke threat comments

Vice President JD Vance insists Director of National Intelligence Tulsi Gabbard is still an essential team member in Trump’s ‘coalition’ after President Donald Trump said he ‘didn’t care’ what she’d previously told lawmakers about Iran’s nuclear threat.

‘DNI Gabbard is a veteran, a patriot, a loyal supporter of President Trump and a critical part of the coalition he built in 2024,’ Vance said in a statement Wednesday to Fox News Digital.

‘She is an essential member of our team, and we’re grateful for her tireless work to keep America safe from foreign threats.’

Vance and Gabbard have both historically been outspoken leaders of the non-interventionist camp making up the Trump administration. Both historically have backeda foreign policy doctrine that supports minimal interference with other nations’ affairs.

By comparison, other, more hawkish members of Trump’s Cabinet, like Secretary of State Marco Rubio, have historically backed military intervention in foreign conflicts.

Vance has publicly supported Trump as the administration contemplates next steps to address Iran, though. Vance said Tuesday that while those worried about foreign intervention are right to be concerned, Trump has ‘earned some trust on this issue.’

‘And having seen this up close and personal, I can assure you that he is only interested in using the American military to accomplish the American people’s goals,’ Vance said in a Truth Social post Tuesday. ‘Whatever he does, that is his focus.’

Vance’s statement of support for Gabbard comes after Trump appeared to discount Gabbard’s March Senate Intelligence Committee statements, when she said she believed Iran was not actively building a nuclear weapon.

Gabbard told lawmakers in March the intelligence community assessed that Iran was ‘not building a nuclear weapon, and Supreme Leader Khamenei has not authorized the nuclear weapons program that he suspended in 2003,’ she said.

She did add that ‘Iran’s enriched uranium stockpile is at its highest levels and is unprecedented for a state without nuclear weapons.’

‘Iran will likely continue efforts to counter Israel and press for U.S. military withdrawal from the region by aiding, arming and helping to reconstitute its loose consortium of like-minded terrorist actors, which it refers to as its axis of resistance,’ she said during the March hearing.

Additionally, Gabbard released a video June 10 in which she stated the world was ‘on the brink of nuclear annihilation.’ Politico reportedthat Trump told associates at the White House that Gabbard was out of line and believed the video was an attempt to prevent him from endorsing Israel attacking Iran.

Alexa Henning, Gabbard’s deputy chief of staff, said in a post on X Tuesday that Politico’s story was ‘total clickbait.’

Trump told reporters aboard Air Force One Monday he believed Iran was ‘very close’ to obtaining a nuclear weapon. When asked specifically about Gabbard’s March testimony, Trump stood firm in his assessment of Iran’s nuclear capabilities.

‘I don’t care what she said,’ Trump said. ‘I think they were very close to having one.’

Still, an official with the Office of the Director of National Intelligence said in a statement to Fox News Digital Wednesday that Gabbard and the president are aligned on Iran.

‘Just because Iran is not building a nuclear weapon right now doesn’t mean they aren’t ‘very close’ as President Trump said on Air Force One,’ the official said. ‘POTUS and DNI Gabbard’s statements are congruent.’

Gabbard wasn’t invited to Camp David in Maryland to convene with other military officials and Cabinet members in June. However, she was in the White House’s Situation Room Tuesday as Trump kept an eye on updates in the Middle East.

A White House official told Fox News Digital Tuesday that Trump and Gabbard’s views and statements on the matter are consistent with one another, noting that Gabbard said in March that she believed Iran had the capability to build a nuclear weapon.

Trump told reporters Wednesday at the White House he hadn’t decided yet whether he would engage the U.S. in strikes targeting Iran but said that the coming days or the ‘next week is going to be very big.’

‘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 told reporters 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.’

Fox News’ Emma Colton contributed to this report.

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Investing

Stallion Uranium

Investor Insight

Stallion Uranium offers investors a rare opportunity to gain early exposure to a company with one of the largest underexplored land packages in the world’s premier uranium district – the Athabasca Basin – guided by a discovery team with a multi-billion-dollar track record.

Overview

Stallion Uranium (TSXV:STUD,OTCQB:STLNF) is a Canadian uranium exploration company positioned for discovery in the southwestern Athabasca Basin, a frontier zone that holds tremendous untapped geological potential. With a landholding of over 709,000 acres, Stallion controls one of the largest and least explored portfolios among junior explorers in the region.

The company is leveraging a surging uranium demand, driven by more than 900 reactors across the globe currently in operation, construction or planning stages. Amid a uranium supply shortage, the Athabasca Basin, with uranium grades up to 20 times the global averages, represents the best place in the world to find the next major high-grade discovery.

What sets Stallion apart is not just its land position, but the pedigree of its team. CEO Matthew Schwab was a key figure in the discovery of NexGen’s Arrow deposit, one of the most significant uranium finds of the past decade.

Over the past two years, Stallion has deployed airborne and ground geophysics across its land package, culminating in the identification of nine Tier-1 uranium targets. The top three – Coyote, Fishhook, and Lynx – have now been prioritized for drilling. Each of these targets exhibits the structural complexity, conductive trends, and gravity signatures characteristic of world-class deposits.

With drilling mobilization planned for H2 2025, a lean share structure, and one of the most technically credible teams in the sector, Stallion Uranium is well-positioned to create significant shareholder value through discovery.

Company Highlights

Large-scale land position: 709,192 acres in the underexplored southwestern Athabasca Basin.
World-class exploration address: Athabasca Basin accounts for ~15 percent of global uranium production and hosts the world’s highest-grade deposits.
Tier-1 targets: Nine high-priority uranium targets identified; three prioritized for near-term drilling: Coyote, Fishhook and Lynx – each defined by advanced geophysics and ideal structural settings.
Discovery-focused leadership: Team responsible for discoveries including NexGen’s Arrow and Hathor’s Roughrider.
Strong market fundamentals: Global reactor count rising, while uranium supply remains structurally constrained.
Near-term catalysts: Drilling at Coyote planned for H2 2025; expanded geophysics underway across portfolio.

Key Projects

Stallion Uranium controls one of the largest underexplored land packages in the Athabasca Basin, spanning over 709,000 acres in the highly prospective southwestern region. Leveraging advanced geophysical techniques and a proven exploration model, the company has systematically identified and ranked nine Tier-1 uranium targets across this vast portfolio. From this group, Stallion has prioritized three high-potential corridors for near-term exploration, each exhibiting the geological signatures and structural features consistent with major discoveries in the Basin.

Coyote Corridor

Located in the heart of Stallion’s southwestern Athabasca holdings, Coyote was first defined by a 2023 VTEM Plus survey, which revealed intersecting east-west conductors within a structurally complex zone. The Athabasca sandstone here is ~450 meters thick, a sweet spot for unconformity-style uranium systems. A Q1 2025 gravity survey revealed a large gravity low anomaly that mirrors the Arrow deposit’s signature. Historical intersections just 12 km south reported up to 255 parts per million (ppm) uranium oxide (U₃O₈), reinforcing the region’s prospectivity. Coyote is currently undergoing 3D inversion modeling and is the company’s first drill target, with a campaign slated for late 2025.

Fishhook Corridor

This 18-km trend remains completely untested by drilling and was delineated using MobileMT surveys. Located along a mineralized corridor where historic assays 8 km south returned 0.139 percent U₃O₈, Fishhook is defined by merging conductive features and massive cross-structures, ideal for uranium fluid trapping. The convergence with the Five of Diamonds Trend underscores the corridor’s structural intensity. With similarities to productive zones in the Basin, Fishhook is poised for follow-up geophysics and potential drill targeting.

Stallion’s high priority targets.

Lynx Corridor

Adjacent to Orano’s Uchrich project, Lynx features a 13-km-long conductor hosted in a magnetic and gravity low, often indicative of the required lithological and alteration conditions. MobileMT data shows complex conductive and magnetic responses, further suggesting active hydrothermal systems. Entirely untested by drilling, Lynx represents a high-quality greenfield opportunity with plans for additional groundwork in 2025.

Management Team

Matthew Schwab – CEO & Director

A highly respected exploration geologist, Matthew Schwab played a leading role in the discovery of NexGen’s Arrow deposit and contributed to Hathor’s Roughrider (acquired by Rio Tinto for $654 million). He previously served as CEO of Kraken Energy.

Darren Slugoski – VP Exploration

Darren Slugoski is a geologist with a B.Sc. Honours from the University of Saskatchewan. He has over 10 years of Basin-focused experience, including involvement in the Spitfire and 2021 Gemini discoveries.

Knox Henderson – Head of IR

With 20+ years of capital markets experience, Knox Henderson is the former investor relations lead for Great Bear Resources (acquired by Kinross for $1.8 billion) and Kodiak Copper. His background is in trading and journalism.

Dong Shim – CFO

Dong Shim is a CPA in British Columbia and Illinois, with a deep background in auditing junior miners and supporting public listings on TSXV, CSE and OTC.

Kelly Pladson – Corporate Secretary

Kelly Pladson has been a regulatory and compliance specialist since 2009, managing TSXV and CSE company filings and governance.

Jay Martin – Director

Jay Martin is the CEO of Cambridge House, Canada’s top investment conference producer. He offers broad industry visibility and strategic insight.

Terri Anne Welyki – Director

Terri Anne Welyki is a mining veteran with 15+ years of experience in permitting, stakeholder engagement, and corporate development across North and South America.

Drew Zimmerman – Director

A CFA and former derivatives portfolio manager, Drew Zimmerman brings financial discipline and capital markets acumen to board-level strategy.

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Investing

Frank Holmes: Gold to US$6,000 “Easily,” Silver’s US$100 Potential

Frank Holmes of US Global Investors (NASDAQ:GROW) shares his outlook for the gold price in 2025 and the years ahead, laying out the factors driving the metal.

‘I think it hits US$4,000 (per ounce), and before Trump is finished his term as president it will be US$6,000. That’s where I think it’s heading for a host of reasons,’ he said.

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

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Politics

Ilhan Omar claims no one has ‘attacked Americans,’ but Iran’s deadly history tells different story

As lawmakers debate what role, if any, the United States should play in the escalating conflict between Israel and Iran, progressive ‘Squad’ member Rep. Ilhan Omar, D-Minn., made the curious claim that no one has ‘attacked’ the United States.

‘No one is attacking or has attacked Americans. It’s time to stop dragging Americans into war and letting Israel once again get America involved in their chosen war. Stand up for the Americans who believed you wanted peace and don’t commit another generation of Americans into a costly war,’ Omar said in response to President Donald Trump.

Trump called for Iran’s ‘UNCONDITIONAL SURRENDER!’ on Truth Social on Tuesday, and said the United States won’t strike Iran’s Supreme Leader Ayatollah Khamenei ‘at least not for now,’ but signaled America’s ‘patience is wearing thin.’

A Fox News Digital report published Wednesday morning refutes Omar’s claim that Americans have not been attacked, including extensive examples of Iran’s direct and proxy strikes on U.S. forces, support for terror groups and assassination efforts.

Omar’s office did not respond to Fox News Digital’s inquiry about the validity of her claim.

Israeli Prime Minister Benjamin Netanyahu told Fox News’ Bret Baier on Monday that Trump remains an Islamic Republic target. ‘They want to kill him. He’s enemy No. 1.’

The Department of Justice announced charges against an Iranian citizen and two New Yorkers in November for their role in a murder-for-hire plot targeting multiple American citizens, including Trump.

Iran bears responsibility for the deaths of 603 U.S. service members in Iraq between 2003 and 2011, according to a 2019 Pentagon report cited by the Military Times. That figure accounted for 17% of U.S. deaths in the country during the period.

In 2022, surviving family members and victims won a case against the Islamic Republic of Iran, using the Foreign Sovereign Immunities Act to hold the regime accountable for its support of terror actors who killed or injured 30 U.S. personnel in Afghanistan.

Bill Roggio, senior fellow at the Foundation for Defense of Democracies and editor of the Long War Journal who testified in support of the victims, told Fox News Digital that ‘Iran’s support for the Taliban and al Qaeda and the impact it had on the deaths and injuries to American soldiers and civilians is incalculable.’

‘Iran provided money, weapons, training, intelligence, and safe haven to Taliban subgroups across Afghanistan, including in the heart of the country in Kabul,’ Roggio said.

By Roggio’s estimation, ‘Iran’s support for the Taliban was only rivaled by that of Pakistan. I would argue that Iran’s extensive support facilitated nearly every Taliban attack on U.S. personnel.’

In 2020, in attempted retribution for the murder of Islamic Revolutionary Guard Gen. Qassem Soleimani, Iran targeted two U.S. bases housing U.S. troops in Iraq with surface-to-surface missiles.

In 2022, the U.S. District Court in Washington, D.C., found that Iran likewise owed damages to the families and victims of 40 U.S. service members who were injured or killed in Iraq due to Iran’s support of terrorism in the country.

In 2023, Sayyed Issa Tabatabai, Iranian Supreme Leader Ali Khamenei’s representative in Lebanon, admitted during an interview with the state-controlled Islamic Republic News Agency (IRNA) that the Islamic Republic was involved in two 1983 bombings that killed Americans in Lebanon.

The bombing of the U.S. Embassy in Beirut resulted in the deaths of 63 victims, including 17 Americans. When two suicide truck bombs exploded at the barracks of multinational forces in Lebanon, 220 Marines, 18 U.S. Navy sailors and three U.S. Army soldiers were killed, and 58 French troops were murdered.

Between October 2023 and August 2024, Iranian-backed Islamic Resistance in Iraq militias launched 180 attacks against U.S. forces in Syria, Iraq and Jordan. Throughout their ‘decades of experience,’ Roggio said, Iraqi militias ‘are estimated to have killed more than 600 U.S. service members.’

In January 2024, three Americans were killed, and 25 others were wounded in a drone attack on an outpost in Jordan near the border with Syria. Two Iranians, one of whom had dual U.S. citizenship, were charged in connection with the attack.

At the time of the attack, House Foreign Affairs Committee Chair Rep. Michael McCaul, R-Texas, said Iranian proxies had ‘launched over 150 attacks on U.S. troops’ following Hamas’ Oct. 7 attacks on Israel.

Roggio reported that on June 14, Iranian-backed militias ‘launched three drones’ at Ain al Assad, a U.S. base in western Iraq. The drones were shot down before reaching their target.

He said that the drone attack appeared to be an ‘unsanctioned strike by an unnamed Iranian militia. Unlike past attacks, no group has claimed credit, and there have been no follow-on strikes.’ He believes Iran ‘wants to keep the U.S. out of the fight, as the U.S. military has the capability to hit the underground nuclear facility at Fordow.’

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