Author

admin

Browsing

French President Emmanuel Macron is due to land in Greenland Sunday, in a move designed to bolster European support for the Danish territory, which is still batting away advances from the Trump administration to acquire it for the United States.

Macron will be the first foreign leader to visit the resource-rich island since US President Donald Trump began his campaign to buy or annex Greenland, which he insists the US needs for national security purposes.

A source at the Élysée Palace said that the French president’s trip had a “dimension of European solidarity and one of strengthening sovereignty and territorial integrity,” without mentioning the Trump administration’s threats to purchase Greenland, or take it by force.

Additionally, Macron’s visit would focus on Arctic security, climate change and Greenland’s economic development, the source added.

During his time on the world’s biggest island the French leader will tour a glacier, a hydroelectric power station and a Danish warship moored near the semiautonomous territory’s capital, Nuuk, per the Élysée.

“The deeps are not for sale, any more than Greenland is for sale, any more than Antarctica or the high seas are for sale,” Macron said on June 9 as he opened a United Nations conference on the oceans in Nice, France.

Trump’s intentions for Greenland can’t be far from the French president’s thoughts on his first visit to the Arctic territory, which Macron will conduct alongside Danish Prime Minister Mette Frederiksen and Greenland’s political leader, Jens-Frederik Nielsen.

French Foreign Minister Jean-Noel Barrot said in January that Paris had “started discussing (the deployment of French troops) with Denmark,” but that Copenhagen did not want to proceed with the idea.

Trump has repeatedly expressed interest in buying the island, or the US taking it by military or economic coercion, even as NATO ally Denmark and Greenland have firmly rejected the idea. Last month, the US president renewed his threat of using military force to annex the territory.

US Vice President JD Vance also made a stopover to visit American troops in Greenland in late March. During that trip, the vice president made a high-profile case for US control of the island. He said Greenland would be better off “coming under the United States’ security umbrella than you have been under Denmark’s security umbrella.”

In a move widely seen as an effort to ease American ambitions for the territory, on June 12 Denmark’s parliament widened a military agreement with Washington to allow US bases on Danish soil. US soldiers had previously been based at Danish facilities.

Denmark is also moving to bolster its military presence in Greenland, some 1,500 miles from the Danish mainland, including with fighter jets to patrol the western coastline toward the US and a navy frigate, per Greenland’s parliament.

This post appeared first on cnn.com

Just hours following Israel’s strikes on Iran’s nuclear and military facilities, Israeli Prime Minister Benjamin Netanyahu made a direct appeal to the Iranian people and said: ‘This is your opportunity to stand up [to the regime].’

The regime’s standing not only with the international community, amid its vast support of state-sponsored terrorism, which has impacted neighboring nations from Syria and Yemen to Bahrain and Saudi Arabia, coupled with years of internal unrest, could mean regime change is on the horizon.

‘We are in the midst of one of the greatest military operations in history,’ Netanyahu said Friday. ‘The Islamic regime, which has oppressed you for almost 50 years, threatens to destroy our country.’

The Israeli leader said Jerusalem’s goal in hitting Iran’s top military targets is to thwart the nuclear and missile threats that Iran poses towards the Jewish nation, which he argued weakens the regime and poses a unique opportunity for dissidents within. 

Minority groups make up some 50% of the Iranian population, and some Iranian specialists have argued that if the minority groups, which are frequent targets of oppression in Iran, were to unite against the regime, they could play a critical role in toppling the regime.

Iran has faced increasing opposition since the death of Mahsa Amini, a Kurdish woman, who in September 2022 was arrested by Iran’s morality police and later died in a hospital due to her injuries.

Amini’s death sparked mass protests across the country, which Iran brutally clapped back at and continues to execute those arrested during the demonstrations. 

Fox News Digital was told by Yigal Carmon, President of the Middle East Media Research Institute (MEMRI), that members of the Ahwazis, a minority group in south-western Iran, which make up 6-8% of the population, have already been arrested by the regime amid its fears another internal rebellion could brew alongside war with Israel.

It is unclear if any demonstrations have yet begun or if their arrests were pre-emptively carried out. 

‘A regime change will be supported by many,’ Carmon said. ‘The fact is that only the minorities can bring a regime change because they are militarily organized.’

‘A coalition of non-Persian ethnic groups could topple the regime in a few months,’ he said. ‘Unlike the Persian anti-regime population, the non-Persian anti-regime population is militarily organized.’

Other minority groups, like the Kurds, who make up 10%-15% of Iran’s population and who live primarily in the northwestern border areas near Iraq and Turkey, as well as the Baloch people, who encompass another 5% of the population and live along Iran’s southeast border with Pakistan, also have a long history of opposing the regime, though they have also suffered brutal consequences. 

‘It has never been weaker. This is your opportunity to stand up and let your voices be heard. Woman, Life, Freedom Zan, Zendegi, Azadi,’ Netanyahu said.  ‘As I said yesterday and many times before, Israel’s fight is not against the Iranian people. 

‘Our fight is against the murderous Islamic regime that oppresses and impoverishes you,’ he added. 

This post appeared first on FOX NEWS

Israel’s precision strike on Iran’s nuclear and military infrastructure may open a rare strategic window for the Trump administration. With experts telling Fox News Digital the U.S. has an opportunity to pressure Tehran toward a nuclear agreement — one that could not have been achieved through diplomacy alone. 

The Israeli military told Fox News Digital that the operation in Iran was carried out by Israeli forces but in coordination with the United States. While U.S. troops did not participate in the attack, defense cooperation continued throughout the strike — and during Iran’s retaliation on Friday, when U.S. forces helped intercept Iranian missile attacks on Tel Aviv.

‘This was an Israeli operation,’ an IDF official said, ‘but we were closely coordinated with the Americans. There was real-time intelligence and continuous contact.’

Israel strikes missile platforms in Iran

Avner Golov, vice president of Mind Israel, told Fox News Digital ‘We’re not trying to pull the U.S. in — Israel is the right model for what a responsible ally looks like: doing the hard work, asking for minimal support, and delivering strategic value.’ 

He added, ‘No one wants a war. Israel achieved this result in just a few days. It was effective and disciplined. We don’t want to stay in a prolonged war — and certainly don’t want to drag the U.S. into one. Israel is the model — a way for the U.S. to stay globally influential through a partner that delivers results with minimal investment.’

Robert Greenway, director of the Allison Center for National Security at The Heritage Foundation, said, ‘The President’s messaging so far has been careful to distinguish that these attacks are unilateral Israeli actions — not U.S. attacks. That’s largely to prevent retaliation against American infrastructure. But if U.S. assets were attacked, we would become a participant — and Iran can’t handle Israel, let alone the United States.’

‘The President made it clear that he preferred a diplomatic solution,’ Greenway added, ‘I believe that was sincere, even though he knows the Iranians full well. He anticipated that the prospects might have been remote — but it was worth trying.’

Israeli analyst and journalist for Yediot Ahronot, Nadav Eyal, told Fox News Digital the operation reflects a deliberate ‘bad cop, good cop’ strategy — with Israel applying military pressure, and the U.S. positioned to extract diplomatic gains.

‘The president is basically saying this on the record: you’ve got hit by the Israelis. Now we’ve signed a good agreement, and we’re ready to sign an agreement. . . .’

Eyal added that some of the media coverage ahead of the attack may have been deliberately misleading, part of a broader psychological operation to confuse Iran’s leadership about the timing and scope of the strike.

‘We have information pointing to the possibility that much of the publications and some stories that were published pointing to after Sunday, after negotiations with Oman, and the fact that the Americans would play with this role that contributes another major cooperation, between Israel and the U.S., as to the strike.’

Avner Golov, vice president of Mind Israel, told Fox News Digital that the strike was the culmination of a broader Israeli campaign to neutralize three fronts: Hamas in Gaza, Iran’s proxy network across the region, and now the nuclear program inside Iran.

‘Since October 7, we’ve been fighting two wars — one on the Palestinian front in Gaza, and another against Iran, which has invested in a vast network of proxies, regional partnerships, and a missile and UAV program. Over the past year and a half, we’ve struck both of those arenas and gained superiority. Now, we’ve initiated an operation against the third strategic asset.’

Golov said this is the moment for the U.S. to step in and deliver a message that escalation will trigger American consequences — not just Israeli ones.

‘Ultimately, what we want is for the U.S. to say to Iran: ‘Israel struck your nuclear and military targets, avoided civilian infrastructure and didn’t touch the regime. If you now escalate … take into account that we’re in this now, and it’s a different game altogether.’’

He emphasized that the military victory must now be sealed with a political event — ideally, one that drives Iran back to the negotiating table. ‘The nuclear issue can’t be solved by a single military event, but this creates a solid foundation for a political one. Coordination with the U.S. is absolutely crucial.’

Greenway told Fox News Digital, ‘Having taken the strike, as the President said, perhaps this does open the door to continued negotiation. There are obviously different circumstances now. Iran has less capacity than it did yesterday — and will have even less tomorrow.

‘Each day that passes, every strike that lands, Iran has less to offer in resistance. At some point, I think there’s a good possibility they’ll choose to negotiate.’

The strike also revealed U.S. involvement on the defensive front. As Iran launched missiles toward Israeli cities, U.S. forces helped intercept them — a move officials say demonstrated American commitment without triggering escalation.

‘As a practical matter, this is our best collective opportunity to do as much damage to Iran’s nuclear program and to their offensive retaliatory capabilities as possible’, Greenway said. ‘From a strictly military standpoint, this is a window of opportunity.’

Trump withdrew from the original Iran nuclear deal during his first term, citing its failure to prevent Tehran’s long-term nuclear weapons ambitions. While he has insisted Iran will never be allowed to obtain a bomb, recent reports suggest he may support a revised deal that allows uranium enrichment for civilian purposes.

Golov said the numbers now favor the U.S. if it acts swiftly. ‘We’ve optimized our numbers and are hitting theirs. Eventually, the Iranians will have to agree to the American proposal — and that proposal should be on the table now.’

This post appeared first on FOX NEWS

Israeli Defense Forces (IDF) hit the Isfahan nuclear site in Iran on Friday night, a location where uranium moves beyond enrichment to the ‘reconversion’ process of building a nuclear bomb. 

‘The strike dismantled a facility for producing metallic uranium, infrastructure for reconverting enriched uranium, laboratories, and additional infrastructure,’ the IDF said on Friday. 

On Friday evening, video footage posted by Iranian media showed Iranian air defenses attempting to intercept a fresh wave of Israeli attacks on the site, adding it to a list of nuclear sites targeted that includes the key Natanz facility.

 

The IAEA has confirmed that a nuclear facility in Isfahan was struck by Israel. In a statement on X the IAEA posted that four critical buildings ‘were damaged in yesterday’s attack, including the Uranium Conversion Facility and the Fuel Plate Fabrication Plant. As in Natanz, no increase in off-site radiation expected.’

‘Isfahan’s uranium conversion facility is at the heart of Iran’s quest for domestic fuel cycle mastery,’ Behnam Ben Taleblu, senior director at the Foundation for Defense of Democracy’s Iran program, told Fox News Digital. 

At Isfahan, uranium is converted into a state suited for gaseous enrichment. 

‘Crippling this capacity at Isfahan would disconnect the dots between Iran’s diverse nuclear industry and potentially handicap future efforts to prepare uranium for enrichment.’ 

Direct bombing of a facility that stores nuclear fuel represents a major blow to Iran’s nuclear program – but also risks radioactive spills. Israel avoided hitting Iran’s supply of near-bomb-grade nuclear fuel at Isfahan, the New York Times reported. 

‘All these developments are deeply concerning,’ the International Atomic Energy Agency (IAEA) Director General Rafael Grossi said in a statement on the attacks. ‘I have repeatedly stated that nuclear facilities must never be attacked, regardless of the context or circumstances, as it could harm both people and the environment.’ 

Israel has now targeted over 200 sites in Iran in its move to eliminate Iran’s nuclear capability. 

Iranian media reported on Saturday that Israel had struck near the northwestern Tabriz refinery, reporting three missile strikes in locations near western Iran. 

The Israeli military said that initial strikes had taken out nine nuclear scientists, in addition to top generals in the Iranian Revolutionary Guard Corps (IRGC) and dozens of others. 

Iran’s counter-strikes have killed three Israelis. 

Experts have long warned that Iran is weeks away from enriching uranium to a weapons-grade 90%, and Israeli intelligence sources suggest Iran had moved beyond enrichment into the early production phase of a nuclear weapon.

The IAEA has warned of Iran’s ‘rapid accumulation of highly enriched uranium’ and said the regime has been opaque about providing details on its use. 

This post appeared first on FOX NEWS

Israel’s ongoing military campaign on Iran’s nuclear infrastructure could mark not just a military escalation but a strategic shift, according to retired Maj. Gen. Amos Yadlin. 

The former head of Israeli military intelligence and one of the architects behind the legendary 1981 strike on Iraq’s Osirak nuclear reactor said Israel should expand its sights not just military targets, but political ones. 

‘Israel took the decision that, on one hand, it’s time to end the leadership of the Axis of Evil — the head of the snake,’ Yadlin told Fox News Digital. ‘At the same time, deal with the main problems there. Which is the nuclear.’

Yadlin didn’t say how long he thought the conflict would drag on. While he didn’t openly call for regime change, Yadlin suggested the IDF take out regime targets ‘beyond the military level.’

‘It’s not a one-day operation. It seems more like a week, two weeks. But when you start a war, even if you start it very successfully, you never know when it is finished.’

‘I hope that the achievements of the IDF, which are degrading the Iranian air defense, degrading the Iranian missile, ballistic missile capabilities, drones capabilities, and maybe even some regime targets beyond the military level that Israel started with, will convince the Iranians that it is time to stop. And then they will come to negotiation with the Trump administration much weaker.’

While Secretary of State Marco Rubio initially insisted it was not involved in the initial strikes on Tehran, President Donald Trump seemed to suggest he hoped Israel’s strikes would pressure a weaker Iran to acquiesce at the negotiating table.

The two sides are at loggerheads over the U.S.’s insistence that Iran cannot have any capacity to enrich uranium and Iran’s insistence that it must have uranium for a civil nuclear program. 

‘The military operation is aimed, in my view, to a political end, and the political end is an agreement with Iran that will block a possibility to go to the border,’ Yadlin said.

‘We need a stronger agreement’ than the 2015 Joint Comprehensive Plan of Action, he said. 

Yadlin, who in 1981 flew one of the F-16s that destroyed Iraq’s nuclear facility in a single-night operation, made clear that Israel’s latest campaign is far more complex.

‘This is not 1981,’ he said. ‘Iran has learned. Their facilities are dispersed, buried in mountains, and protected by advanced air defenses. It’s not a one-night operation.’

He added, ‘There are sites that I’m not sure can be destroyed.’

He said the recent attack was the result of years of intelligence gathering – and brave Mossad agents on the ground in Iran. Israel lured top Iranian commanders into a bunker, where they coordinated a response to Israel’s attacks, then blew up the bunker. 

‘All of the intelligence that Israel collected, from the time I was chief of intelligence 2005 to 2010, enabled this operation against the Iranian nuclear program to be very efficient, very much like the good intelligence enabled Israel to destroy Hezbollah. Unfortunately, the same intelligence agencies missed the seventh of October, 2023.’ 

Indeed, Israel’s past preventive strikes — 1981’s Operation Opera and the 2007 airstrike on Syria’s suspected reactor — were rapid, surgical and designed to neutralize a singular target. In contrast, Yadlin suggested the current campaign could last weeks and involve broader goals.

‘It’s not a one-day operation. It seems more like a week, two weeks. But when you start a war, even if you start it very successfully, you never know when it is finished.’

The operation is being framed by Israeli defense officials as a continuation of the Begin Doctrine, established after the 1981 Osirak strike, which declared that Israel would never allow a hostile regime in the region to obtain weapons of mass destruction.

Yadlin himself is a symbol of that doctrine. As one of the eight pilots who flew into Iraq over four decades ago, he helped define Israel’s policy of preemptive action — a legacy that is now being tested again under radically different circumstances.

‘This campaign,’ Yadlin emphasized, ‘is unlike anything the country has done before.’

This post appeared first on FOX NEWS

Israel’s unprecedented attacks on Iran had at their core an elusive and high-risk goal: eradicating the country’s controversial nuclear program.

Israel targeted three key Iranian nuclear facilities – Natanz, Isfahan and Fordow – and a number of top scientists involved in nuclear research and development.

The extent of the damage – and whether Iran’s nuclear program can survive – is not immediately clear. An Israeli military official said at a briefing Saturday that strikes on Iran’s nuclear sites in Natanz and Isfahan were able to damage the sites “significantly;” Iran said that damage to the facilities was limited but acknowledged the deaths of nine experts.

“We are at a key point where, if we miss it, we will have no way to prevent Iran from developing nuclear weapons that will threaten our existence,” Israel’s Defense Minister Israel Katz said on Friday.

“We have dealt with Iran’s proxies over the past year and a half, but now we are dealing with the head of the snake itself.”

Iran insists its program is peaceful – here’s what we know about the damage to the three sites.

Natanz

“This was a full-spectrum blitz,” said another source familiar with the assessments.

The strikes destroyed the above-ground part of Natanz’s Pilot Fuel Enrichment Plant, a sprawling site that has been operating since 2003 and where Iran had been enriching uranium up to 60% purity, according to the International Atomic Energy Agency (IAEA). Weapons-grade uranium is enriched to 90%.

That aspect of the operation is crucial, because much of the Natanz facility is heavily fortified and underground, so wiping out the power to those parts of the facility is the most effective way to impact underground equipment and machinery.

It does not appear that Israel damaged those underground parts of the plant directly, the IAEA said, but the loss of power to the underground cascade hall “may have damaged the centrifuges there.”

Natanz has six above-ground buildings and three underground buildings, two of which can hold 50,000 centrifuges, according to the non-profit Nuclear Threat Initiative (NTI). Centrifuges are machines that can enrich uranium by spinning the gas at high speeds.

There is no wider radiological impact. “The level of radioactivity outside the Natanz site has remained unchanged and at normal levels,” the IAEA said. “However, due to the impacts, there is radiological and chemical contamination inside the facilities in Natanz,” it added – though the levels would be manageable.

Isfahan

The extent of damage at the Isfahan nuclear site in central Iran was more difficult to parse in the hours after it was struck, with conflicting claims over the attack’s impact emerging in Israel and Iran.

Behrouz Kamalvandi, the spokesperson of Atomic Energy Organization of Iran said Saturday that damage at the site – Iran’s largest nuclear research complex – was limited.

Equipment at the two facilities was moved in anticipation of the strikes, Kamalvandi said. A shed at the facility caught fire, he added, and there is no risk of contamination.

But Israel were more bullish; an IDF official said during a Saturday briefing that the site took significant damage.

The facility was built with support from China and opened in 1984, the NTI says. According to the non-profit, 3,000 scientists are employed at Isfahan, and the site is “suspected of being the center” of Iran’s nuclear program.

It “operates three small Chinese-supplied research reactors,” as well as a “conversion facility, a fuel production plant, a zirconium cladding plant, and other facilities and laboratories,” the NTI says.

At a Saturday briefing, an IDF official said Israel had “concrete intelligence” that Iran was “moving forward to a nuclear bomb” at the Isfahan facility. Despite advancing its uranium enrichment significantly, Iran has repeatedly said that its nuclear program is for peaceful purposes and denied that it was developing an atomic bomb.

Fordow

The Fordow Fuel Enrichment Plant is a far more difficult site to target. The plant is buried deep in the mountains near Qom, in northern Iran, and houses advanced centrifuges used to enrich uranium up to high grades of purity.

Israel targeted the site during its Friday attacks, but the IAEA said it was not impacted and the IDF has not claimed any significant damage there. Iranian air defenses shot down an Israeli drone in the vicinity of the plant, Iranian state media Press TV reported Friday evening.

Fordow’s fate could be pivotal to the overall success of Israel’s attacks.

In 2023, the Vienna-based International Atomic Energy Agency confirmed that uranium particles enriched to 83.7% purity – which is close to the 90% enrichment levels needed to make a nuclear bomb – had been found in Fordow.

“If Fordow remains operational, Israel’s attacks may barely slow Iran’s path to the bomb,” James M. Acton, the co-director of the Nuclear Policy Program at the Carnegie Endowment for International Peace, wrote on Friday.

Acton said Israel might be able to collapse the entrance to the facility, but noted that destroying much more of the Fordow site will be a difficult task for Israel.

This post appeared first on cnn.com

A senior Israeli intelligence official exclusively told Fox News on Saturday, ‘We have more surprises coming up’ for Iran following the initial wave of strikes during ‘Operation Rising Lion.’ 

The high-ranking source, speaking to Fox News Chief Foreign Correspondent Trey Yingst, said Israeli intelligence projected Iran would have an arsenal of 8,000 ballistic missiles over the next two years and that this was part of the reason a decision was made to launch the operation. Right now, Israel believes Iran has about 2,000 missiles.   

‘We cannot end this operation knowing that we will be in the same spot two years from now,’ the official said. ‘Everything is going as planned. Actually, better than planned.’ 

The official added: ‘We have lots of surprises. Not just the ones we already did. We have more surprises coming up.’ 

Forty Iranian air defense systems have been hit since the beginning of the operation, which is based on three goals — targeting Iran’s nuclear and ballistic missile programs and removing the Iranian existential threat against Israel.

During the initial strike against a meeting of Islamic Revolutionary Guard Corps (IRGC) air force officials, Israeli intelligence assessed that 30 commanders were killed. 

‘It’s a historic achievement,’ the official said. 

Israel now expects more incoming Iranian missiles in the days ahead that will cause casualties and destruction.   

However, the bulk of the conflict with Iran could largely be over in a matter of days.   

‘I think we can finish it in days… It’s a good thing that we have the U.S. by our side,’ the official said. 

The official also told Fox News that the U.S. is ‘fully coordinated’ with Israel, yet declined to go into specifics.  

‘The way the U.S. is standing beside Israel is unprecedented,’ he said. ‘We feel it.’ 

This post appeared first on FOX NEWS

Authorities were searching Saturday for two Australian gunmen suspected of fatally shooting an Australian tourist and injuring another at a villa on the Indonesian resort island of Bali.

The shooting just after midnight on Friday at Villa Casa Santisya near Munggu Beach in the district of Badung killed Zivan Radmanovic, 32, from Melbourne. The second victim, who is 34 and also from Melbourne was beaten, said Badung Police chief Arif Batubara.

“We cannot yet determine the motive,” Batubara said, adding that an investigation is underway. The two Australians were rushed to hospitals in Denpasar, the provincial capital.

According to police, the villa had only three rooms occupied with a total of five guests when the shooting happened. The two victims’ wives were also there and another foreign tourist, Batubara said.

Radmanovic was shot in a bathroom, where police found 17 bullet casings and two intact bullets.

At least three witnesses at the villa told investigators that two gunmen, one wearing orange jacket with a dark helmet and another wearing a dark green jacket, a black mask and a dark helmet, arrived on a scooter at the villa around midnight.

Radmanovic’s wife, Gourdeas Jazmyn, 30, told police that she suddenly woke up when she heard her husband screaming. She cowered under a blanket when she heard multiple gunshots.

She later found her husband’s body and the injured Australian, whose wife has also testified to seeing the attackers.

The Australian Consulate in Bali has been contacted by authorities and an autopsy for further investigation is still waiting permission from the family of the victim, Batubara said.

This post appeared first on cnn.com

A new report released on Wednesday (June 11) by Canada’s Climate Institute suggests Canada risks missing out on a C$12 billion market for critical minerals should the government not enact policy to drive investment in Canada’s mining sector.

The report outlines a growing need for minerals like copper, cobalt, lithium, nickel, graphite and rare earths, all of which are found in Canada. These critical minerals are all used to produce goods needed for the energy transition, from photovoltaics to electric vehicles.

Overall, to meet this demand, the mining sector will require an estimated US$480 billion to US$750 billion in investment globally. To remain competitive, the institute suggests Canada will need to generate between C$30 billion and $65 billion in investments in upstream projects between now and 2040.

To reduce investor risk and ensure Canada and local communities see a net benefit, the report makes several suggestions aimed at different levels of government.

It recommends the Federal government collaborate with an arms-length financial institution to develop or expand risk-sharing agreements to support mineral assets through price volatility, and provincial governments strengthen mining regulations to mitigate risks and liabilities.

Additionally, it recommends both levels of government facilitate greater participation by Indigenous communities in mining projects through scaling up their resources for capacity and increasing their access to capital.

South of the border, the US Bureau of Labor Statistics released May’s consumer price index (CPI) data on Wednesday. The figures show a worsening of year-over-year inflation as all-items CPI ticked up to 2.4 percent from the 2.3 percent recorded in April. On a monthly basis, it rose just 0.1 percent versus the 0.2 percent the previous month.

Analysts had been expecting a steeper increase, but the numbers were offset by significant declines in energy prices in May.

However, the expectation is that higher figures will be coming over the next few months as the effects of the Trump administration’s tariffs begin to work their way through the economy. The slow response to the tariffs is primarily attributed to retailers working through inventories which were purchased prior to the tariffs coming into effect.

The CPI and other data will play a crucial role in the Federal Open Market Committee’s rate decision when it meets next week, on June 17 and 18. The overwhelming consensus by market watchers is the Fed will continue to hold the current range of 4.25 to 4.5 percent until its September meeting.

Markets and commodities react

In Canada, major indexes were mixed at the end of the week. The S&P/TSX Composite Index (INDEXTSI:OSPTX) was largely flat, posting a small 0.32 percent gain during the week to close at 26,504.35 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fared worse, losing 1.16 percent to 721.13, and the CSE Composite Index (CSE:CSECOMP) slid 2.48 percent to 114.88.

US equities were also in negative territory this week, with the S&P 500 (INDEXSP:INX) losing 0.46 percent to close at 6,976.96, the Nasdaq-100 (INDEXNASDAQ:NDX) slipping 0.79 percent to 21,612.68 and the Dow Jones Industrial Average (INDEXDJX:.DJI) sinking 1.38 percent to 42,197.80.

On the other hand, the gold price was up significantly this week, gaining 3.68 percent to US$3,432.17 as investors sought safe-haven assets amid the threat of war between Israel and Iran. The silver price climbed 0.91 percent during the period to end the week US$36.31, although it spiked as high as US$36.86 during trading Monday.

In base metals, the COMEX copper price sank 1.44 percent over the week to US$4.80 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) posted a gain of 4.4 percent to close at 568.42.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 3:30 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. St. Augustine Gold and Copper (TSX: SAU)

Weekly gain: 66.67 percent
Market cap: C$116.31 million
Share price: C$0.125

St. Augustine Gold and Copper is a development company focused on its King-king copper-gold project in the Philippines’ Davao de Oro province. The project consists of 184 mining claims.

According to the most recent preliminary economic assessment from 2013, the company projects an after-tax net present value of US$1.78 billion, with an internal rate of return of 24 percent and a payback period of 2.4 years using a base case scenario of a copper price of US$3.00 per pound and a gold price of US$1,250 per ounce. The company is currently working towards an update to the study.

The most recent news from the project was announced on May 30, when St. Augustine stated that it had entered into an agreement with the National Development Corporation (Nadecor) to acquire a 100 percent interest in Nadecor’s wholly owned subsidiary Kingking Milling, which holds the development rights to King-king. Under the terms of the deal, Nadecor will receive C$9.02 million convertible into 185 million shares.

The project’s exploration and development permits are held by Kingking Mining, which remains a 40/40/20 joint venture between St. Augustine, Nadecor and Queensberry Mining and Development. The release also included details of new ore sales and royalty agreements between Kingking Milling and Kingking Mining.

Shares in St. Augustine rose this week after the company announced Tuesday (June 10) it had entered into a non-brokered private placement for up to 341 million shares for gross proceeds of C$24.9 million.

The company said it will use the proceeds to fund the completion of a feasibility study and organizing financing for the King-king project. The first tranche of the placement is expected to close on June 20.

2. Barksdale Resources (TSXV:BRO)

Weekly gain: 50 percent
Market cap: C$12.88 million
Share price: C$0.105

Barksdale Resources is a copper exploration company focused on advancing its assets in Arizona, US.

The company’s flagship Sunnyside project has been in focus in 2025. The site is located in the Patagonia Mountains of Southern Arizona and covers approximately 21 square kilometers. Sunnyside is located adjacent to South32’s (ASX:S32,OTC Pink:SHTLF) Hermosa project.

The most recent news from the project came on May 13, when the company completed the drilling campaign and expenditures necessary to acquire the initial 51 percent interest in the property as part of an earn-in agreement with Regal Resources. Under the terms, Barksdale was required to complete 7,620 meters of drilling and make C$6 million in total expenditures.

The company has until September 2025 to provide an additional C$1 million in cash payment and 5 million shares to Regal to complete the transaction. Once complete, the company will have 20 days to decide whether to proceed to Phase 2 for the option to increase its interest to 67.5 percent, which it can earn by completing another 7,620 meters of drilling, paying Regal C$550,000 and issuing Regal 4.9 million shares within a two year period.

3. Avalon Advanced Materials (TSXV:AVL)

Weekly gain: 50 percent
Market cap: C$18.91 million
Share price: C$0.03

Avalon Advanced Materials is an exploration and development company focused on lithium projects in Canada.

Its flagship project is its 40 percent owned Separation Rapids lithium project in Ontario, a joint venture with SCR-Sibelco, which owns the remaining 60 percent. The project consists of three primary lithium targets: the Separation Rapids deposit; the Snowbank target, located near Kenora; and the Lilypad project near Fort Hope, which also hosts tantalum and cesium mineralization.

The pair increased the project’s measured and indicated mineral resource by 28 percent in late February.

Although the company didn’t release news this week, its share price jumped significantly during the period.

4. Excellon Resources (TSXV:EXN)

Weekly gain: 48.44 percent
Market cap: C$12.88 million
Share price: C$0.105

Excellon Resources is an exploration and development company working to advance a portfolio of assets around the world.

Its most advanced project is the past-producing Mallay silver mine in Central Peru. The company executed a definitive agreement to acquire the project, as well as the Tres Cerros gold-silver project, in March. Between 2012 and 2018, mining at the site produced 6 million ounces of silver, 45 million pounds of zinc and 35 million pounds of lead before the operation was placed on care and maintenance.

On May 23, Excellon announced it had entered into an offtake and financing agreement with Glencore plc (LON:GLEN) that will provide the final piece of funding to allow Excellon to restart mining operations at Mallay, bringing its available capital to US$18 million.

Under the terms of the agreement, Glencore will provide up to US$7.5 million in funding through a pre-export finance loan agreement backed by concentrate production at the mine. Glencore has also agreed to purchase 100 percent of zinc-lead concentrate until 2028 or 2029 depending on certain conditions.

5. Latin Metals (TSXV:LMS)

Weekly gain: 42.86 percent
Market cap: C$23.77 million
Share price: C$0.20

Latin Metals is a South America focused project generator company with 18 projects across Argentina and Peru.

Its primary focus for 2025 has been on its Argentine portfolio, which includes the Organullo gold project in the Salta province, as well as the Cerro Bayo and La Flora gold projects in the Deseado Massif metal belt in the Santa Cruz province.

The company’s most recent news came on Monday when it announced it had secured drill permits for the Organullo site. The permits provide approval for up to 11,900 meters of diamond drilling as well as other exploration activities. Latin Metals said the permit is a key milestone for the project.

The project is subject to an option agreement with AngloGold Argentina, a subsidiary of AngloGold Ashanti (NYSE:AU), which has the right to earn up to an 80 percent stake in the site. AngloGold is preparing to ‘test targets that have potential scale and alteration characteristics consistent with Tier 1 high-sulphidation epithermal gold systems.’

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (June 13) 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$105,555, a decrease of 1.6 percent in 24 hours after an earlier slide of over 4 percent. The day’s range for the cryptocurrency brought a low of US$104,309 and a high of US$105,918.

Bitcoin price performance, June 13, 2025.

Bitcoin price performance, June 13, 2025.

Chart via TradingView.

Bitcoin dropped sharply after Israel’s airstrikes on Iran, with over US$400 million in long trades wiped out before its price consolidated at around US$105,000. This came just days after Bitcoin came close to its May 22 record of US$111,940.

Gold and oil prices rose while Bitcoin fell, and a Bollinger band analysis shows a typical three-push pattern, often signaling the end of a rally. Popular trader CrypNuevo said there could be “more upside” to come as long as the price doesn’t dip below the US$100,000 level.

Ethereum (ETH) ended the day at US$2,529.19, a 6.3 percent decrease over the past 24 hours, after reaching an intraday low of US$2,513.97 and a high of US$2,576.80.

Altcoin price update

  • Solana (SOL) closed at US$145.08, down 6.3 percent over 24 hours. SOL experienced a low of US$144.19 and reached a high of US$148.20 on Friday.
  • XRP was trading at US$2.13, down by 3.6 percent in 24 hours. The cryptocurrency’s lowest valuation today was US$2.12, and its highest was US$2.16.
  • Sui (SUI) was trading at US$3.01, showing a decreaseof 7.5 percent over the past 24 hours. It reached an intraday low of US$2.98 and a high of US$3.07.
  • Cardano (ADA) closed at US$0.6319, down 5.5 percent over the past 24 hours. Its lowest valuation on Friday was US$0.6291, and its highest valuation was US$0.6426.

Today’s crypto news to know

Tether expands gold exposure

Tether Investments has acquired a 31.9 percent stake in Canadian gold royalty firm Elemental Altus Royalties through the purchase of 78,421,780 common shares from La Mancha Investments. Valued at C$1.55 (US$1.14) per share, the transaction cost Tether roughly US$89.4 million and brings its total stake in the royalty firm to 33.7 percent.

While the official announcement didn’t come until Thursday, the deal was finalized on Tuesday, June 10. The company also shared that it signed an option agreement that will allow it to acquire a further 34,444,580 common shares owned by AlphaStream subsidiary Alpha 1 SPV. Executing the option would bring Tether’s interest in Elemental Altus to 47.7 percent.

“Tether’s growing investments in gold and Bitcoin reflect our forward-looking strategy to build a more resilient and transparent financial system,” Paolo Ardoino, CEO of Tether, said. “By gaining exposure to a diversified portfolio of gold royalties through Elemental, we are strengthening the backing of our ecosystem while advancing Tether Gold and future commodity-backed digital assets.”

Retail giants explore stablecoin issuance

Walmart (NYSE:WMT) and Amazon (NASDAQ:AMZN) are reportedly in talks to launch their own stablecoins, according to sources cited in a Wall Street Journal report published early on Friday morning. The move would mark a shift in how these two major retailers manage payments, with the potential to eliminate billions in bank fees and streamline e-commerce and cross-border transactions.

This report comes days after the US Senate advanced the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, in a 68-30 procedural vote. On Thursday, a notice was issued by Senate Democrats of a full chamber vote on the GENIUS Act scheduled for Tuesday, June 17, coinciding with the start of the Federal Open Market Committee two-day meeting.

Betting platform becomes second-largest ETH holder after Ethereum Foundation

Sports betting platform SharpLink Gaming (NASDAQ:SBET) has become the world’s largest publicly traded ETH holder with its latest acquisition of 176,271 ETH for approximately US$463 million, an average acquisition price of US$2,626 per coin.

According to an announcement on the company’s page on Friday, the company has increased its ETH holdings by 11.8 percent per share since June 2, 2025, primarily using US$79 million raised through its stock sales, in addition to an earlier private investment.

The company said over 95 percent of its ETH was deployed in staking and liquid staking platforms, earning yield while contributing to Ethereum’s network security.

“This is a landmark moment for SharpLink and for public company adoption of digital assets,” said Rob Phythian, CEO of SharpLink Gaming. “Our decision to make ETH our primary treasury reserve asset reflects deep conviction in its role as programmable, yield-bearing digital capital.”

Coinbase announces several new offerings

Coinbase made a series of announcements on Thursday at its annual State of Crypto Summit, unveiling a plan to evolve from a crypto exchange into a full-scale decentralized and centralized financial app.

First, the company’s chief legal officer, Paul Grewal, revealed that all tokens on Coinbase’s Ethereum Layer 2 network, Base, are now tradable directly on the Coinbase platform, giving developers building on Base access to Coinbase’s ecosystem of over 100 million users. Meanwhile, Max Branzburg, Coinbase’s vice president of consumer and business products, announced that the company will soon offer perpetual futures contracts under Commodity Futures Trading Commission oversight, marking a major easing of restrictions for US crypto traders.

Also at the event, a partnership was announced between Coinbase and Shopify (NYSE:SHOP) that Shopify has begun accepting payments in USDC stablecoin from customers on Base. Currently in early access, the new payment option could help normalize on-chain payments among mainstream e-commerce businesses and consumers.

Coinbase also introduced the Coinbase One Card, a co-branded American Express (NYSE:AXP) credit card slated for release this fall that will offer up to 4 percent cashback in Bitcoin. Finally, it revealed Coinbase Business, a new full-stack platform offering for streamlining financial workflows with features including instant crypto payment settlements, up to 4.1 percent annual percentage yield on USDC and streamlined integration with accounting tools such as Intuit (NASDAQ:INTU) QuickBooks and XERO (NASDAQ:XRX).

These announcements help further Coinbase’s vision to position itself as a one-stop shop for businesses operating in the Web3 space.

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

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

This post appeared first on investingnews.com