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A Nevada lithium project central to US efforts to secure domestic mineral supply is leaning on a half-century-old satellite program for modern answers.

The US Geological Survey’s (USGS) Landsat program, managed with NASA, has provided continuous Earth observations since 1972. Its freely available images allow scientists and industry leaders to measure landscape changes with precision.

In Northern Nevada, those insights are proving crucial as Lithium Americas (TSX:LAC,NYSE:LAC) works to advance Thacker Pass in a way that meets strict environmental and land-use standards.

“Landsat imagery is valuable for critical minerals project development because it provides consistent, long-term data that document land use changes and geological features, assess environmental receptors and support planning decisions,” said Alexi Zawadzki, president of North American operations for Lithium Americas, in a USGS report.

When planning began, Landsat data revealed that the original mine site overlapped with important sage-grouse habitat.

Although the bird is not a protected species, its sharp population decline since the 1960s has made it an indicator of ecosystem health in Nevada’s rangelands. The finding prompted developers to shift the project six miles south, away from prime territory.

Water use is another critical challenge faced by the project. Landsat data has been paired with field checks to estimate groundwater levels, using differences in vegetation to infer depth.

With this data, the Thacker Pass project aims to recycle processed water up to seven times and to operate as a “zero liquid discharge facility.”

Unlike traditional lithium brine operations, the project will extract lithium from clay deposits. Tailings will be stored in dry facilities and later reused for reclamation work.

Economic promise

Lithium Americas estimates construction of Thacker Pass could generate more than US$700 million annually and support 1,800 jobs. Once operational, economic activity linked to the mine could average US$2.1 billion per year, according to a University of Nevada, Reno, study.

Lithium is a cornerstone of batteries that power smartphones, laptops and electric vehicles. The US ranks third globally in known lithium resources but remains dependent on imports.

Due to the resource’ growing importance, developing domestic supply has become a matter of both industrial policy and national security.

Landsat’s value, is hardly confined to mining. A 2023 economic analysis placed its annual contributions to US industries at US$25.6 billion, spanning everything from gold exploration to reduced insurance costs for farmers.

For Thacker Pass, the test will come as mining gets underway. But for now, the view from space has already reshaped how the project is planned and envisioned moving forward.

By applying Landsat data, planners hope to show that resource extraction and environmental stewardship can advance together.

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

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This story discusses suicide. If you or someone you know is having thoughts of suicide, please contact the Suicide & Crisis Lifeline at 988 or 1-800-273-TALK (8255).

A top conservative watchdog is suing the federal health care bureaucracy alleging they are stonewalling results of a study started under the Obama administration looking into the effects of transgender therapy pharmaceuticals on youth.

Oversight Project president Mike Howell told Fox News Digital in a Wednesday interview that administering puberty blockers and other nascent drugs to teens is akin to ‘modern-day Tuskegee experiments’ and that the National Institutes of Health and the study’s proctor should not be allowed to keep their results secret.

In 2014, NIH awarded a grant to children’s hospitals that led to a study helmed by a Los Angeles pediatrician to discern the long-term effects of puberty blockers on pediatric transgender people, Howell explained, citing his organization’s lawsuit.

In 2024, Rep. Lisa McClain, R-Mich., wrote to the Biden-led NIH questioning why ‘principal investigator’ Dr. Johanna Olson-Kennedy was ‘withholding publication’ of the $9.7 million study’s findings.

Mike Howell on border crisis: We are in for a terrible year

‘In light of the NIH grantee’s unwillingness to release the research project’s findings, we ask that you provide documents and information to assist the Committee’s oversight of this matter,’ McClain wrote, citing her role as chair of a House Oversight subcommittee.

One year later, Howell’s group sought the files through a public request in July, and sued this week, claiming officials ignored them. 

Both McClain, in her letter, and Howell, in his interview, raised concerns over Olson-Kennedy’s remarks about critics potentially weaponizing results from the NIH-funded study.

‘NIH is responsible for overseeing its extramural research projects to ensure supported researchers practice transparency, exemplify scientific integrity, and are proper stewards of taxpayer funds,’ McClain wrote to the Biden NIH.

Howell said he wants the NIH, under the Trump administration, to make the results public, citing troubling hints from Olson-Kennedy in a New York Times article that quoted her saying about one-quarter of participants reported some type of depression.

Nancy Pelosi pushes for

‘In light of the recent spate of transgender ideology-inspired violent extremism and domestic terrorism, Including some of the shootings at schools and churches and most recently, Charlie Kirk, the Oversight Project and I want to know what the government knows about the psychological conditions of this new and coveted population of transgender children who are now growing into adults,’ Howell said.

‘It seems to me, in light of recent disclosures, including the America First Legal v. FDA [suit] that the government was well aware that these types of therapies, surgeries and cultural celebration and praising of this class of people was dangerous and led to increases in suicide rates, depression and other psychological conditions which all too often are manifesting in violent tendencies.’

In 2024, America First Legal – founded by Trump confidant Stephen Miller – sued for the release of any FDA records on off-label uses for puberty blockers and ‘cross-sex hormones.’

Howell said there is public interest in the study’s publication because it may ‘map out’ why or whether the government has been aware of the ‘massive, growing problem’ but declined to publicize for ‘politically-correct reasons.’

While NIH declined comment to Fox News Digital citing ongoing litigation, HHS Secretary Robert F. Kennedy Jr., has been very critical of the types of drugs the Oversight Project is also concerned about.

Kennedy has called puberty blockers for minors ‘castration drugs,’ and suggested young people cannot be considered prescient enough to make such life-changing medical decisions.

‘Minors cannot drive, vote, join the army, get a tattoo, smoke, or drink, because we know that children do not fully understand the consequences of decisions with life-long ramifications,’ he wrote on social media.

‘The more I learn, the more troubled I have become about giving puberty blockers to youth,’ Kennedy said in May 2024.

As secretary, Kennedy urged doctors to reconsider child sex-change operations in a formal letter obtained by the Daily Caller in May.

‘HHS expects you promptly to make the necessary updates to your treatment protocols and training for care for children and adolescents with gender dysphoria to protect them from these harmful interventions,’ it read.

Neal Cornett, a lead attorney in the case, told Fox News Digital he would also like to see any internal NIH reports on the physiological effects of related drugs Lupron and Supprelin.

‘Imagine that you’re 14 years old – you take some kind of puberty blocker – you’re basically stunted, your bones aren’t growing, you have osteoporosis at the age of 15… that’s going to do a psychological number on you,’ Cornett said.

Transgender roommate of Charlie Kirk

Howell said there is an absolute connection, if allegations bear out, between the Tuskegee Experiments of the mid-20th century on African Americans and studies testing out puberty blockers on 21st century children.

‘When I first read [of the study] – I was reminded of Tuskegee Experiments on African Americans [where the uniformed U.S. Public Health Service] gave them drugs… to test out treatments there; horrific events,’ he said.

Fox News Digital also reached out to the Children’s Hospital of Los Angeles, which was listed as the affiliate medical center for Olson-Kennedy. A number listed for Olson-Kennedy’s California practice was disconnected.

She told the Times in October 2024 she intended then to publish the data but blamed delays on funding cuts — a claim the NIH denied, the paper reported.

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President Donald Trump renewed his criticism against former President Joe Biden and his administration over the use of an autopen to sign off on important orders — including pardons — during Biden’s tenure in the White House. 

Trump has railed against Biden’s use of the autopen for months, claiming thousands of pardons Biden signed were void and that the former president did not know what documents he was signing through the automated device. 

‘It was illegally used. He never gave the orders,’ Trump told reporters Thursday during a trip to the U.K. ‘He never told them what to do. And I guess the only one he signed, or one of the few he signed, was the pardon for his son.’

A spokesperson for Biden did not immediately respond to a request for comment from Fox News Digital. 

A White House official previously told Fox News Digital that Trump uses his hand signature for every legally operational or binding document. Even so, Trump has admitted that he uses an autopen for letters. 

Meanwhile, Biden’s chief of staff issued final approval for multiple high-profile preemptive pardons during Biden’s final days in office, the New York Times reported in July. 

Although Biden reportedly made the decision about the pardons in a meeting, Biden’s chief of staff Jeff Zients is the one who gave final approval for the use of the autopen — at least in the case of former chief medical advisor to the president, Anthony Fauci, and former chairman of the Joint Chiefs of Staff Gen. Mark Milley, the Times reported. 

Even so, Biden told the Times that he made every clemency decision of his own accord. 

Meanwhile, Trump’s comments come as Zients is slated to appear before the House Oversight Committee Thursday for its probe into Biden’s mental acuity. Part of that investigation is also examining if the former president was fully cognizant of clemency orders and executive actions he signed using the autopen. 

Biden granted a total of 4,245 acts of clemency during his administration, 96% of which were granted during his final months in office between October 2024 and January 2025, according to the Pew Research Center. 

An autopen is a machine that physically holds a pen and follows programming to imitate a person’s signature.

Unlike a stamp or a digitized print of a signature, the autopen has the capability to hold various types of pens, from  a ballpoint to a permanent marker, according to descriptions of autopen machines for sale online. 

Fox News’ Liz Elkind contributed to this report. 

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Standard Uranium Ltd. (TSXV: STND,OTC:STTDF) (OTCQB: STTDF) (FSE: 9SU0) (‘Standard Uranium’ or the ‘Company’) is pleased to announce that it has signed a letter of intent (the ‘LOI’), dated September 15, 2025, with Collective Metals Inc. (CSE: COMT) (the ‘Optionee’), an arms-length party. Pursuant to the LOI, the Optionee will be granted the option (the ‘Option’) to acquire a seventy-five percent interest in the 4,002-hectare Rocas Project (‘Rocas’ or the ‘Project’) located in the eastern Athabasca Basin region (Figure 1).

Rocas Project Highlights:

  • Prime Location – More than 7.5 km of exploration strike length along a strong NE-SW magnetic low trend coincident with EM conductors and cross-cutting faults, providing shallow drill targets south of Key Lake.
  • Uranium at Surface – Mineralized outcrop grab samples along approximately 900 metres of strike length, grading up to 0.50 wt.% U3O8 and never drill tested1 (Figure 2).
  • New Uranium Targets – Results from a high-resolution ground gravity survey completed in 2024 highlight potential alteration halos and high-priority exploration targets along well defined structural corridors.

The Option is exercisable by the Optionee completing cash payments and share issuances, and incurring the following exploration expenditures on the Project:

Consideration
Payments
Consideration
Shares
Exploration Expenditures Operator
Fees
Earn-in at completion of each Year
Year 1 $50,000 $250,000 $1,500,000 10% 0%
Year 2 $50,000 $250,000 $1,500,000 12% 0%
Year 3 $125,000 $225,000 $1,500,000 12% 75%
Total $225,000 $725,000 $4,500,000

Jon Bey, Standard Uranium CEO and Chairman, commented: ‘We are very pleased to have agreed to terms with our new partners at Collective Metals to advance our newly expanded Rocas Project. The global demand for nuclear energy requires more uranium exploration and high-grade discoveries. There is no better place on the planet to make these discoveries than the Athabasca Basin region. We look forward to completing this transaction and beginning phase one of our three-year exploration programs run by our Standard Uranium technical team.’

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10633/266920_38abd1beb4e55916_001.jpg

Figure 1. Regional map of Standard Uranium’s Rocas Project. The Project is located 75 kilometers southwest of the Key Lake Mine and Mill facilities along Highway 914.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/266920_38abd1beb4e55916_001full.jpg

About the Rocas Project

The Rocas project comprises 4,002 hectares, located 75 kilometers southwest of the Key Lake Mine and Mill facilities along Highway 914, and approximately 72 kilometers south of the present-day margin of the Athabasca Basin. The project was acquired via staking in May 2023 and recently expanded by an additional 931 hectares. Standard Uranium holds a 100%-interest in the Property.

The Project covers 7.5 kilometres of a northeast trending magnetic low/electromagnetic (‘EM’) conductor corridor which hosts several uranium showings, including historical mineralized outcrop grab samples along approximately 900 metres of strike length, grading up to 0.50 wt.% U3O81. Notably, none of the historical uranium occurrences have been drill-tested.

Historical airborne EM work in 2017 defined conductive trends on the Project west of and sub-parallel to the Key Lake Road shear zone, corresponding with favourable metasedimentary basement lithologies. Multiple parallel conductors, offsets, and termination points indicate the trend widening and potential cross-cutting structures. Additionally, a 2007 field sampling program identified anomalous lakebed geochemical anomalies that statistically rank as greater than 95th percentile U, Co, V, and Zn along the conductor corridor, including high U/Th ratios2.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10633/266920_38abd1beb4e55916_002.jpg

Figure 2. Geophysical map of the Rocas Project highlighting EM conductors, faults, historical uranium showings, and anomalous lakebed geochemistry.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/266920_38abd1beb4e55916_002full.jpg

2024 Ground Gravity Survey

The Company contracted MWH Geo-Surveys (Canada) Ltd. to complete a high-resolution ground gravity survey along known conductive exploration trends on the Rocas project. The surveys are designed to aid in the identification of potential zones of hydrothermal alteration of host rocks associated with uranium mineralization events.

The gravity surveys across the conductive structural corridors improve definition of drill targets for future exploration programs. Convolutions Geoscience have completed detailed inversion and 3D modeling, which will provide additional vectoring layers for future drill programs. Value-added products include 3D density inversions, depth slices, modeling interpretation, and expert recommendations.

Four new drill target zones have been identified on the Rocas project, outlined via the confluence of low gravity anomalies, historical surface mineralization, lakebed geochemical anomalies, EM conductors, and crosscutting fault zones.

3-Year Earn-In Option

Prior to exercise of the Option, the Company will act as the operator of the Project and will be entitled to charge a 10% fee on expenditures in Year 1, increasing to 12% in Year 2 and Year 3.

Following successful completion of the obligations of the Option (i.e., at the end of Year 3), Optionee will acquire a 75% equity in the Property, with Standard retaining 25% as well as a 2.5% net smelter returns royalty on the Project, of which 1.0% may be purchased back at any time for a one-time cash payment of $1,000,0002.

The parties intend on forming an unincorporated joint venture for the further development of the Project.

The LOI is non-binding at this time and the grant of the Option remains subject finalisation and execution of definitive agreements. No finders’ fee is payable by the Company in connection with the Option.

*The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to be ‘high-grade’.

**The Company considers radioactivity readings greater than 300 counts per second (cps) to be ‘anomalous’.

Qualified Person Statement

The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, P.Geo., President and VP Exploration of the Company and a ‘qualified person’ as defined in NI 43-101.

Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company’s future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects.

References

1 Mineral Assessment Report 74B09-0007: Uranex Ltd., 1977 & SMDI# 2465: https://mineraldeposits.saskatchewan.ca/Home/Viewdetails/2465
2 Mineral Assessment Report 74B09-0032: Forum Uranium Corp., 2007

About Standard Uranium (TSXV: STND,OTC:STTDF)

We find the fuel to power a clean energy future

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world’s richest uranium district. The Company holds interest in over 235,435 acres (95,277 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium’s eastern Athabasca projects comprise over 43,185 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.

Standard Uranium’s Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

For further information, contact:

Jon Bey, Chief Executive Officer, and Chairman
Suite 3123, 595 Burrard Street
Vancouver, British Columbia, V7X 1J1

Tel: 1 (306) 850-6699
E-mail: info@standarduranium.ca

Cautionary Statement Regarding Forward-Looking Statements

This news release contains ‘forward-looking statements’ or ‘forward-looking information’ (collectively, ‘forward-looking statements’) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding the intended use of proceeds from the Offering.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the ‘Risks and Uncertainties’ in the Company’s management discussion and analysis for the fiscal year ended April 30, 2024.

Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company’s actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: the future price of uranium; anticipated costs and the Company’s ability to raise additional capital if and when necessary; volatility in the market price of the Company’s securities; future sales of the Company’s securities; the Company’s ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company’s mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.

The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266920

News Provided by Newsfile via QuoteMedia

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Cobra (LSE: COBR), a mineral exploration and development company, is pleased to announce that is has received Environmental Protection and Rehabilitation (‘EPEPR’) approval from the Government of South Australia’s Department for Energy and Mining (‘DEM’) for the Company’s exploration programme that will support planned pump and permeability testing at the Boland wellfield.

Key Points:

  • Cobra is now completing its programme notification process that will see infield testing commence in mid-October and last for approximately two weeks
  • Field tests will provide an infield measure of the rate of permeability achievable through the in-situ recovery (‘ISR’) process
  • A large (55kg) bench scale ISR column study underway at the Australian Nuclear and Scientific Technology Organisation (‘ANSTO’) is currently achieving exceptional permeability rates of 1.5 metres/day
  • The column pH dropped from pH7.0 to pH4.0 in just 48 hours, with first liquor assays expected soon
  • Being able to replicate similar permeabilities in a field environment will provide robust, high confidence mining parameters for use with future economic studies

Rupert Verco, Managing Director of Cobra, commented:

‘It is pleasing to receive DEM approval that will enable our first field testing. Once the programme notification is fulfilled, the team will mobilise to site to install temporary infrastructure and commence testing.

Initial permeabilities achieved in the large-scale column are exceptionally encouraging and will see Rare Earth Elements being recovered in very short time frames using a low-cost lixiviant. Running these two work programmes in parallel will provide invaluable data that will form the basis for estimating future ISR production rates. We expect recovery results of this in-field test to be reported to the market in the coming weeks.’

Follow this link to watch a short video of MD Rupert Verco explaining future field studies relevant to this announcement: https://investors.cobraplc.com/link/P4xdBP

Update on Scaled Column ISR Test

  • Percolation of lixiviant through a 55kg ISR column containing a composite sample from three drillholes from across the Boland project has commenced using ~0.3M ammonium sulphate (‘AMSUL’) at pH3
  • Recovery rates of individual REEs will be evaluated during the ISR process, with separate liquors to be collected to evaluate the possibility of producing an MREC from both early stage (pH>4.5) and late stage (pH=3.0).
  • In two days, the average permeability rate being achieved is 1.5 metres/day
  • The current recovered liquor pH is <4.0; previous columns showed REE recoveries from pH5
  • Study anticipated to be completed within a fortnight
  • First liquor assays expected soon

Figures 1 & 2: photos of the 55kg column subject to ISR studies currently in progress at ANSTO laboratories

A black pipe with a black tube AI-generated content may be incorrect.

Further information relating to Boland and these results are presented in the appendices.

Enquiries:

Cobra Resources plc

Rupert Verco (Australia)

Dan Maling (UK)

via Vigo Consulting

+44 (0)20 7390 0234

SI Capital Limited (Joint Broker)

Nick Emerson

Sam Lomanto

+44 (0)1483 413 500

Global Investment Strategy (Joint Broker)

James Sheehan

+44 (0)20 7048 9437

james.sheehan@gisukltd.com

Vigo Consulting (Financial Public Relations)

Ben Simons

Anna Stacey

+44 (0)20 7390 0234

cobra@vigoconsulting.com

The person who arranged for the release of this announcement was Rupert Verco, Managing Director of the Company.

Information in this announcement relates to exploration results that have been reported in the following announcements:

  • Exploration update: ‘Low-Cost Recoveries from Optimised Testing’, dated 11th August 2025
  • Exploration update: ‘Rare Earth ISR System beyond Boland’, dated 4th August 2025
  • Exploration update: ‘Favourable Boland Metallurgical Results’, dated 21st July 2025
  • Exploration update: ‘Boland Project Update’, dated 26th June 2025
  • Wudinna Project Update: ‘Boland Aircore Drill Results’, dated 25th February 2025
  • Wudinna Project Update: ‘Further Positive Metallurgy Results from Boland Project’, dated 16 December 2024
  • Wudinna Project Update: ‘2nd Bench Scale ISR Study & £1.7M Placing’, dated 26 November 2024
  • Wudinna Project Update: ‘ISR Bench Scale Study Completion’, dated 4 November 2024
  • Wudinna Project Update: ‘ISR bench scale study delivers exceptional results’, dated 1 October 2024
  • Wudinna Project Update: ‘ISR bench scale update – Exceptionally high recoveries with low impurities and low acid consumption; on path to disrupt global supply of heavy rare earths’, dated 28 August 2024
  • Wudinna Project Update: ‘ISR bench scale update -Further metallurgical success at world leading ISR rare earth project’, dated 11 July 2024

Competent Persons Statement

The information in this report that relates to metallurgical results is based on information compiled by Cobra Resources and reviewed by Mr James Davidson who is Principal at Rendement and a Fellow of the Australian Institute of Mining and Metallurgy (F AusIMM). Mr Davidson has sufficient experience that is relevant to the metallurgical testing which was undertaken to qualify as a Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Davidson consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

Information in this announcement has been assessed by Mr Rupert Verco, a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Verco is an employee of Cobra and has more than 17 years’ industry experience which is relevant to the style of mineralisation, deposit type, and activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves of JORC. This includes 13 years of Mining, Resource Estimation and Exploration.

About Cobra

Cobra Resources is a South Australian critical minerals developer, advancing assets at all stages of the pre-production pathway.

In 2023, Cobra identified the Boland ionic rare earth discovery at its Wudinna Project in the Gawler Craton – Australia’s only rare earth project suitable for in situ recovery (ISR) mining. ISR is a low-cost, low-disturbance extraction method that eliminates the need for excavation, positioning Boland to achieve bottom-quartile recovery costs.

In 2025, Cobra further expanded its portfolio by optioning the Manna Hill Copper Project in the Nackara Arc, South Australia. The project contains multiple underexplored prospects with strong potential to deliver large-scale copper discoveries.

In 2025, Cobra sold its Wudinna Gold Assets to Barton Gold (ASX: BDG) for up to A$15 million in cash and shares.

Regional map showing Cobra’s tenements in South Australia

Follow us on social media:

LinkedIn: https://www.linkedin.com/company/cobraresourcesplc

X: https://twitter.com/Cobra_Resources

Engage with us by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our Interactive Investor hub here: https://investors.cobraplc.com/

Subscribe to our news alert service: https://investors.cobraplc.com/auth/signup

Appendix 1: Background information – the Boland Project and ISR

  • The Boland Project was discovered by Cobra in 2023. Mineralisation is ionically bound to clays and organics within palaeochannel sands within the Narlaby Palaeochannel
  • Mineralisation occurs within a permeable sand within an aquifer that is saltier than sea water and is confined by impermeable clays
  • ISR is executed through engineered drillhole arrays that allow the injection of mildly acidic ammonium or magnesium sulphate lixiviants, using the confining nature of the geology to direct and lower the acidity of the orebody. This low-cost process enables mines to operate profitably at lower grades and lower rates of recovery
  • Once REEs are mobile in solution in groundwater, it is also possible, from an engineering standpoint, to recover the solution to surface via extraction drillholes, without any need for excavation or ground disturbance
  • The capital costs of ISR mining are low as they involve no material movements and do not require traditional infrastructure to process ore – i.e. metals are recovered in solution
  • Ionic mineralisation is highly desirable owing to its high weighting of valuable HREOs and the cost-effective method in which REEs can be desorbed
  • Ionic REE mineralisation in China is mined in an in-situ manner that relies on gravity to permeate mineralisation. The style of ISR process is unconfined and cannot be controlled, increasing the risk for environmental degradation. This low-cost process has enabled China to dominate mine supply of HREOs, supplying over 90% globally
  • Confined aquifer ISR is successfully executed globally within the uranium industry, accounting for more than 60% of the world’s uranium production. This style of ISR has temporary ground disturbance, and the ground waters are regenerated over time
  • Cobra is aiming to demonstrate the economic and environmental benefits of recovering ionic HREOs through the more environmentally aquifer controlled ISR – a world first for rare earths

Figure A1: Comparison between the Chinese and the proposed Boland process for ISR mining of REEs

A diagram of a soil layer Description automatically generated

Appendix 2: Metallurgical sample information

Drillhole

From (m)

To (m)

ID

Pr6O11

ppm

Nd2O3

ppm

Tb2O3

ppm

Dy2O3

ppm

Sm2O3

TREO

ppm

CBSC0006

31.15

33.05

CBSC006-comp

12

48

1.3

8

9

264

CBSC0009

25.55

26.89

CBSC009-comp

53

215

6.8

38

50

1,261

CBSC0010

26.00

27

CBSC0010-comp

151

470

9.2

52

76

2,999

Composite

CBSC00-06+09+10

58

194

4.8

28

36

1,194

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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Senate Minority Leader Chuck Schumer, D-N.Y., accused President Donald Trump of exploiting the death of conservative activist Charlie Kirk in order to go after critics.

Schumer’s charge came as Senate Democrats teed up legislation called the ‘No Political Enemies Act,’ which would prohibit Trump and his administration from weaponizing government agencies. It comes in the wake of late-night TV host Jimmy Kimmel’s sidelining by ABC over comments he made related to Kirk.

The top Senate Democrat said freedom of speech is ‘one of the great hallmarks of our country’ but that the Trump administration ‘is trying to snuff it out.’

‘Those who break the law, of course, resort to any source of violence ought to be prosecuted to the fullest extent of the law,’ Schumer said. ‘But using the tragic death of Charlie Kirk as an excuse to supercharge the political witch hunt against critics is abhorrent, obnoxious and as un-American as it gets.’

‘To attack civil society, whether it’s Jimmy Kimmel, civil society organizations or the Trump administration’s perceived political enemies, its crusade is unending,’ he continued. ‘And this is one of the saddest parts of all, because of congressional Republicans’ obeisance to Trump, it’s unchecked because they are scared to stand up to Trump.’

Democrats’ legislation would prevent the administration from using agencies like the Justice Department, FBI and the IRS from going after people for criticizing the government, according to a one-page description of the bill.

It would also hold officials accountable for using their office to go after critics, ensure courts quickly dismiss ‘abusive actions,’ and provide due process for U.S. nonprofits that the government tries to ‘label as criminal or terrorist organizations.’

Their legislative push also comes after Attorney General Pam Bondi said earlier this week that the administration would ‘go after you if you are targeting anyone with hate speech.’

Sen. Chris Murphy, D-Conn., called her comments ‘bone chilling.’

‘The shooting of Charlie Kirk was a national tragedy,’ he said. ‘It should have been a line in the sand, an opportunity for President Trump to bring this country together to do whatever is necessary to stamp out political violence that’s targeted both Republicans and Democrats, political violence that emanates from both right-wing and left-wing radicalization.’

‘But Trump and his lieutenants are choosing a different path,’ he continued. ‘They are choosing to exploit this tragedy, to weaponize the federal government to destroy Donald Trump’s political opposition.’

Fox News Digital reached out to the White House and Justice Department for comment but did not immediately hear back. 

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The US’ growing debt burden and rising borrowing costs are sharpening questions about the long-term credibility of the dollar, while simultaneously opening the door for cryptocurrencies to position themselves as alternatives for investors seeking protection from inflation.

A new report from Grayscale, the world’s largest digital asset investment platform, argues that macroeconomic imbalances in the US could drive increasing demand for crypto assets.

“Because of the large debt stock, rising interest rates, and a lack of other viable means for dealing with it, the US government’s commitment to control money supply growth and inflation may no longer be fully credible,” the firm said in its analysis.

A question of trust in money

Modern fiat currencies function only as long as people believe governments will preserve their value.

In practice, that means limiting money supply growth and keeping inflation low. Since the 1990s, delegating this responsibility to independent central banks has largely worked, anchoring expectations and fostering decades of relative stability.

But Grayscale notes that history is full of examples where governments have broken that trust, turning to the printing press to ease fiscal strain.

Today, the US finds itself in a precarious position: public debt has climbed to roughly 100 percent of gross domestic product, interest expenses are rising as bond yields climb, and Washington continues to run persistent deficits.

The report argues that the credibility gap is widening.

“If holders of US Dollar-denominated assets come to believe” that inflation will be tolerated as a tool for managing debt, Grayscale wrote, “they may seek out alternative stores of value.”

In most countries, inflation fears are local problems. In the case of the dollar, the stakes are far higher. The Federal Reserve estimates the US currency accounts for 60 to 70 percent of international use, compared with 20 to 25 percent for the euro and less than 5 percent for the Chinese renminbi.

That dominance means any loss of confidence in the dollar’s stability ripples across global finance. According to Grayscale, this is why risks tied to US debt are not the “most severe” compared to emerging markets but remain “the most important.”

The US fiscal picture deteriorated after the 2008 financial crisis and worsened during the pandemic. From 2007 to today, average annual deficits have swelled from 1 percent to about 6 percent of GDP, pushing total debt to nearly US$30 trillion.

Much of this was sustainable when interest rates were near zero. But the era of cheap borrowing has ended.

As debt is refinanced at higher rates, interest outlays absorb a larger share of federal spending, squeezing room for other priorities and raising the prospect of a “snowball effect” where debt grows faster than the economy.

Enter crypto

This backdrop has fueled interest in alternative monetary assets that are insulated from political pressures.

Gold has long played that role, but Grayscale points to Bitcoin and Ethereum as digital equivalents with unique advantages.

“These cryptocurrencies have certain design features that can make them a refuge, when needed, from conventional fiat money,” the report said.

Bitcoin’s supply is capped at 21 million coins, its issuance schedule is transparent, and no institution can arbitrarily inflate it.

Ethereum, while more complex due to its broader ecosystem of applications, also shares the qualities of decentralization and predictable supply controls.

In Grayscale’s view, these traits matter most when confidence in fiat currencies erodes. “The utility of these assets comes from what they do not do. Most importantly, they will not increase in supply because a government needs to service its debt.”

Despite this, Grayscale does not argue that crypto’s rise is inevitable. A credible restoration of US fiscal discipline and central bank independence could limit the appeal of alternative assets.

Feasible measures, according to the report, might include stabilizing and reducing the debt-to-GDP ratio, reaffirming the Fed’s inflation target, and resisting political pressure on monetary policy.

History itself can serve as a roadmap for this. Gold soared in the 1970s when inflation ran high and institutional credibility faltered, but lost ground in the 1980s and 1990s as the Fed restored trust and inflation fell. A similar trajectory could shape crypto’s role.

For now, the macro picture points in the opposite direction. With deficits entrenched and debt swelling, investors face a world where the dollar’s long-term credibility is in question.

In such an environment, Grayscale argues, crypto assets can serve as a crucial alternative.

“As long as those risks are getting larger, the value of assets that can provide a hedge against that outcome arguably should be going higher,” the report concluded.

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

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A Nevada lithium project central to US efforts to secure domestic mineral supply is leaning on a half-century-old satellite program for modern answers.

The Geological Survey’s Landsat program, managed with NASA, has provided continuous Earth observations since 1972. Its freely available images allow scientists and industry leaders to measure landscape changes with precision.

In northern Nevada, those insights are proving crucial as Lithium Americas works to advance Thacker Pass in a way that meets strict environmental and land-use standards.

“Landsat imagery is valuable for critical minerals project development because it provides consistent, long-term data that document land use changes and geological features, assess environmental receptors and support planning decisions,” said Alexi Zawadzki, president of North American operations for Lithium Americas (NYSE:LAC), in a USGS report.

When planning began, Landsat data revealed that the original mine site overlapped with important sage-grouse habitat.

Although the bird is not a protected species, its sharp population decline since the 1960s has made it an indicator of ecosystem health in Nevada’s rangelands. The finding prompted developers to shift the project six miles south, away from prime territory.

Water use is another critical challenge faced by the project. Landsat data has been paired with field checks to estimate groundwater levels, using differences in vegetation to infer depth.

With this data, the Thacker Pass project aims to recycle processed water up to seven times and to operate as a “zero liquid discharge facility.”

Unlike traditional lithium brine operations, the project will extract lithium from clay deposits. Tailings will be stored in dry facilities and later reused for reclamation work.

Economic promise

Lithium Americas estimates construction of Thacker Pass could generate more than US$700 million annually and support 1,800 jobs. Once operational, economic activity linked to the mine could average US$2.1 billion per year, according to a University of Nevada, Reno study.

Lithium is a cornerstone of batteries that power smartphones, laptops, and electric vehicles. The US ranks third globally in known lithium resources but remains dependent on imports.

Due to the resource’ growing importance, developing domestic supply has become a matter of both industrial policy and national security.

Landsat’s value, is hardly confined to mining. A 2023 economic analysis placed its annual contributions to US industries at US$25.6 billion, spanning everything from gold exploration to reduced insurance costs for farmers.

For Thacker Pass, the test will come as mining gets underway. But for now, the view from space has already reshaped how the project is planned and envisioned moving forward.

By applying Landsat data, planners hope to show that resource extraction and environmental stewardship can advance together.

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

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President Donald Trump said Thursday he’s been ‘let down’ by his relationship with Russian President Vladimir Putin. 

‘The one that I thought would be easiest would be because of my relationship with President Putin,’ Trump said during a joint press conference in London with United Kingdom Prime Minister Keir Starmer. ‘But he’s let me down. He’s really let me down. Was going to be Russia and Ukraine. But we’ll see how that turns out.’

Months of U.S.-led peace negotiations — including an Alaska summit between Trump and Russian President Vladimir Putin — have not led to breakthroughs in ending the war in Ukraine. 

‘War is a different thing,’ Trump said. ‘Things happen that are very opposite of what you thought. You thought you’re going to have an easy time or a hard time, and it turns out to be the reverse.’

Trump and Ukrainian President Volodymyr Zelenskyy may meet on the sidelines of the United Nations General Assembly (UNGA) next week, Secretary of State Marco Rubio said Wednesday. Putin will not be in attendance — Russia will be represented by Foreign Minister Sergey Lavrov. 

Trump said of Putin: ‘He’s killing many people, and he’s losing more people that he’s, you know, than he’s killing. I mean, frankly, the Russian soldiers are being killed at a higher rate than the Ukrainian soldiers, but, yeah, he’s let me down. I don’t like to see — it’s death.’

The president then mused that the war ‘doesn’t affect the United States.’

To Starmer, he said, ‘Of course, you are a lot closer to the scene than we are. We have a whole ocean separating us. But I will say this. It’s millions of people have died in that war. Millions of souls. And they’re not American soldiers, mostly soldiers. As you know, the soldiers are being killed at levels nobody’s seen since the Second World War, but they’re being, they’re being killed. And I feel I have an obligation to get it settled for that reason.’

Meanwhile, Ukraine expects $3.5 billion in U.S. weapons to soon funnel in to fund its war effort, Zelenskyy said Wednesday.

‘We will definitely have Patriot and HIMARS missiles,’ he said during a press conference on Wednesday.

‘We have received more than $2 billion from our partners specifically for the PURL program. We will get additional funds in October. I think we will reach about $3.5–3.6 billion,’ the president added. That funding came from Ukraine’s allies in Europe.

The U.S. approved the first new weapons packages for Ukraine this week. Undersecretary of Defense for Policy Elbridge Colby signed off on two $500 million packages under the PURL program, Reuters first reported. 

‘The Department of War has facilitated this first sale of weapons in line with President Trump’s America First priorities and efforts to bring this brutal war, which was brought on by Joe Biden’s incompetence, to an end,’ a senior administration official told Fox News Digital, confirming the sale. 

The Prioritized Ukraine Requirements List, or PURL, was created to streamline Ukraine’s access to advanced weapons by pooling allied contributions into U.S.-managed procurement. Instead of sending cash directly to Kyiv, partners commit funds that Washington uses to acquire systems from American defense firms.

Germany, Poland, the UK, and other NATO members are believed to be leading contributors, though the exact breakdown hasn’t been made public.

Trump’s decision to rely on NATO allies’ money rather than seek additional congressional appropriations marks a sharp shift in U.S. policy, allowing him to sustain Ukraine’s arsenal while deflecting criticism from lawmakers wary of more taxpayer-funded aid.

In July the Pentagon halted weapons shipments to Ukraine, which had been approved under the Biden administration, citing strains on the U.S.’s own munitions stockpiles. Secretary Pete Hegseth ordered a review of U.S. stockpiles after years of depletion for the war in Ukraine, as well as operations against the Houthis in the Middle East and assistance to Israel for its war in Gaza.

The renewed weapons flow also underscores strains on the U.S. defense industrial base. The Pentagon is racing to double monthly artillery shell output, but leaders admit replenishment will take years amid competing demands from Ukraine, Israel, and operations in the Middle East.

 Army Chief of Staff Gen. Randy George has warned that using multimillion-dollar interceptors against cheap drones is unsustainable, urging industry to innovate toward lower-cost defenses. The imbalance between high-end U.S. systems and Russia’s mass use of inexpensive drones and artillery is now one of the war’s defining strategic challenges.

The Army’s goal is to double the monthly output of 150mm rounds by leveraging advanced automation.

Gen. George said the service branch is also looking at new ways companies can produce munitions ‘that get us back to the cost curve,’ meaning cost-equivalent or cheaper than the incoming weapons they are shooting down. ‘What we don’t want to do is shoot $3 million missiles at $50,000 drones or $10,000 drones.’

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Turning Point USA announced Thursday it ‘unanimously elected Erika Kirk as the new CEO and Chair of the Board’ following the assassination of Charlie Kirk.

‘May God Bless Erika, the Kirk family, and the entire team at Turning Point USA,’ the organization said in a statement.

This is a developing story. Please check for updates.

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