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Camp opening and logistics have commenced with geophysics and drilling to follow in the coming weeks

Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) (‘Aston Bay’ or the ‘Company’) is pleased to announce the commencement of activities at the Storm Copper Project (‘Storm’ or the ‘Project’) on Somerset Island, Nunavut. American West Metals Limited (‘American West’), the Project operator, is conducting the exploration program. Aston Bay and American West have formed a 20/80 unincorporated joint venture with respect to the Storm Project property, with Aston Bay maintaining a free carried interest until a decision to mine is made upon completion of a bankable feasibility study.

Highlights:

  • The 2025 drill program is set to begin. A pipeline of large-scale exploration targets prioritized for drilling includes:
    • Cirrus Deeps – high-priority EM target below the Cirrus Deposit with a stratigraphic setting similar to Cyclone will be the first target to be tested with diamond drilling
    • Cyclone Deeps – potential continuation of the large Cyclone Deposit at depth with reconnaissance drill intercepts such as 10 metres (‘m’) @ 1.2% copper (‘Cu’) from 311m (including 0.5m @ 3.7% Cu from 315.5m), ready for follow-up with diamond drilling
    • Resource Expansion – several discoveries near the footprint of the Mineral Resource Estimate (‘MRE’) will be followed up, including the Gap Prospect, which contains a strong EM anomaly confirmed with drilling that returned 20m @ 2.3% Cu from 28m, and the Squall and Hailstorm Prospects
    • Tornado/Blizzard – located 5km east of the Storm copper deposits, the area hosts a 3.2km x 1.5km geochemical copper anomaly and two large electromagnetic (‘EM’) plates yet to be drilled
    • Midway – discovered by a single historical drill hole that intersected a total of 58m of visual copper sulfide, located approximately 5km to the west of the Storm MRE area, to be drilled
  • Geophysics to generate new targets. An extensive airborne Mobile Magneto-Telluric (‘MobileMT’) survey is planned early in the season for the Storm MRE area and other areas of interest along the 110km prospective copper horizon, with results expected to inform drill targeting and prioritization this season.

Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Laboratory assays are required to determine the presence and grade of any contained mineralization within the reported visual intersections of copper sulfides. Portable XRF is used as an aid in the determination of mineral type and abundance during the geological logging process.

Thomas Ullrich, Chief Executive Officer of Aston Bay, commented:

‘We are excited to begin another field season at Storm. The reverse circulation drill rig will work on adding to the resource and target near-surface exploration targets, while the diamond drill rig will focus on the deeper exploratory holes.

‘In addition to the compelling targets generated in previous geophysical programs, we are very excited to be flying a comprehensive MobileMT survey at Storm. This is the same survey that has successfully delineated large conductive targets at our Epworth property. The significant contrast in the conductive properties of the mineralized rock versus the host rock at Storm is ideal for MobileMT, and its utilization of natural-source energy from within the Earth should help define deeper targets that may have eluded previous methods. These new targets will be ready for drilling this season.

‘Investors can also look forward to the completion of a Preliminary Economic Analysis for the near-surface mineralization at Storm, currently underway. We are also working up drill targets for our Epworth copper project, also in Nunavut, for a potential late-season drill program.’

INITIAL DIAMOND DRILL PLAN

The first diamond drill targets to be tested in the Storm MRE area are Cirrus Deeps and Cyclone Deeps (Figure 2). The drilling aims to follow up earlier intersections of high-grade copper mineralization and build evidence for the large-scale copper potential at depth, which could rapidly expand the copper endowment within the Storm MRE area.

Subsequent diamond drilling will continue to test high-priority geophysical anomalies and regional exploration targets. These will include the Tornado, Blizzard, Midway areas and any new targets defined by the upcoming MMT survey.

Cirrus Deeps

Diamond drill hole ST24-03 was designed to target a 1,300m x 500m MLEM anomaly (Figure 3 & 5) which is bounded by a series of large EM plates (approximately 350m to top, conductance ~40-60 siemens, moderate ~40-60° S/SW dip, striking ~WNW-ESE) at its northern edge. The EM anomalies are located below the Cirrus Deposit and the Gap high-grade copper prospect, and are interpreted to be proximal to the Southern Graben Fault.

This location in the Allen Bay Formation immediately below the Cape Storm Formation is the same stratigraphic location as Cyclone. In addition to the potential for flat-lying stratigraphic mineralization like Cyclone, the target is located along a fault zone similar to the well-mineralized Chinook Deposit. These anomalies may indicate a considerable, connected accumulation of copper within the Central Graben area. Similar EM targets drilled elsewhere in the Storm copper belt have been confirmed as high-grade copper mineralization.

ST24-03 has currently been drilled to a downhole depth of 414m (planned depth of 600-700m) and intersected several zones of fracturing and sporadic copper sulfides (Figure 3) in the upper portion of the hole, with increased fracturing at depth. Fracturing and voids in the rock are positive indications since permeability and open spaces are required for efficient mineralization in the sediment hosted copper model.

The drill hole will be the first diamond hole completed in the 2025 drill program.

Cyclone Deeps

High-grade copper mineralization has been discovered at depth, offset to the south of the Cyclone Deposit (Figure 4). The Cyclone Deeps intersection of 10m @ 1.2% Cu (drill hole ST24-01) displays a typical sediment hosted copper mineralogical profile with a high-grade core of native copper and chalcocite (including 3m @ 2.2% Cu) with peripheral chalcopyrite and other less copper-rich sulfide minerals.

The copper mineralization is hosted near the top of a thick sequence of fractured dolomudstone of the Allen Bay Formation. The Allen Bay is the main host of the known copper mineralization within the Storm area, and the stratigraphic position near the top of the formation also hosts Cyclone, the largest deposit discovered to date. This mineralization may represent the offset southern portion of the faulted Cyclone Deposit and presents an exceptional opportunity to add significant volume to the current resources. This prospective horizon extends for over 5km in the immediate Storm area.

INITIAL REVERSE CIRCULATION DRILL PLAN

Reverse Circulation (‘RC’) drilling will be used to test near-surface (<250m depth) resource upgrade, resource expansion, and exploration targets.

The first phase of drilling will commence at the Thunder, Lightning Ridge, and Corona Deposits before moving on to The Gap, Squall and Hailstorm Prospects (Figure 2). All of these opportunities have the potential to add significant mineral resources to the Storm Project, with high-grade mineralization similar to the known deposits already discovered.

Subsequent RC drilling will aim to test other nearby and regional exploration targets, which include the Tornado and Blizzard areas, and numerous untested geochemical, Electromagnetic (EM) and Induced Polarization (IP) anomalies.

The Gap Prospect is a 500m-long zone located between the Corona and Cirrus Copper Deposits (Figure 2), where multiple drill holes have intersected high-grade copper sulfides (including 1.5m @ 4.4% Cu, 9.8g/t Ag from 39m, and 2m @ 2.5% Cu from 74m downhole in AB18-09, and 20m @ 2.3% Cu, 3.3g/t Ag (Including 8m @ 5.3% Cu, 6.4g/t Ag) from 28m in SR24-003.

The Squall and Hailstorm Prospects are located immediately south of the southern graben fault and collectively extend 1.8km northwest along strike of the Corona Deposit (see Figure 2).

Drilling at Squall during the 2024 season intercepted 1.5m @ 2.36% Cu, 5.0g/t Ag from 181.4m (SR24-108) at the end of the hole, whilst surface geochemistry at Hailstorm has identified a 250m x 250m copper anomaly that remains open to the south (Figure 5).

Mobile Magneto-Telluric (MobileMT) Survey

A regional-scale MobileMT survey is planned to cover the Storm and wider exploration areas during the 2025 program (Figure 6). MMT utilizes natural source energy to capture a broader range of EM frequencies than the techniques used at Storm to date. The survey is designed to show a greater contrast between the host rocks and potential accumulations of conductive material (i.e. metalliferous sulfide) with improved spatial and depth resolution. This is potentially very useful in delineating deeper (>200m) occurrences of copper sulfide at Storm, where the resistive host rocks cause a decreased signal-to-noise ratio and decreased confidence in interpretation with depth in the historical geophysics.

The initial MobileMT survey will be completed over the Midway-Storm-Tornado area as an orientation survey to determine the response of the known deposits before extending the survey into more regional areas. The survey will begin in the coming week, allowing results to inform drill targeting and prioritization this season.

FORWARD PROGRAM

  • MobileMT geophysical survey to commence imminently, with results expected to inform targeting for exploratory drilling this season.
  • RC drilling to commence in the Storm area, testing high-priority geophysical and resource upgrade and definition targets.
  • Diamond drilling to commence in the Storm area, following up on deep, high-priority copper targets and EM anomalies.
  • Unsampled historical diamond drill holes with visual copper sulfides at the Tornado and Midway Prospects will be sampled immediately to expedite transport to the laboratory for assaying.
  • Planning is complete, and preparations are underway for a broad range of environmental monitoring and survey activities during 2025.

Qualified Person

Michael Dufresne, M.Sc., P.Geol., P.Geo., is a Qualified Person as defined by the NI 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved the scientific and technical information in this press release.

QA/QC Protocols

The analytical work reported herein was performed by ALS Global (‘ALS’), Vancouver Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of Aston Bay Holdings Ltd., American West Metals Limited, and the QP. Drill core samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250-gram split to 85% passing 75 microns. Samples were subject to 33 element geochemistry by four-acid digestion and inductively coupled plasma atomic emission spectroscopy (ICP-AES) to determine concentrations of copper, silver, lead, zinc, and other elements (ALS Method ME-ICP61a). Overlimit values for copper (>10%) and were analyzed via four-acid digestion and ICP-AES (ALS Method Cu-OG62).

Aston Bay Holdings Ltd. and American West Metals Limited followed industry standard procedures for the work carried out on the Storm Project, incorporating a quality assurance/quality control (QA/QC) program. Blank, duplicate, and standard samples were inserted into the sample sequence and sent to the laboratory for analysis. No significant QA/QC issues were detected during review of the data. Aston Bay Holdings Ltd. and American West Metals Limited are not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to herein.

About Aston Bay Holdings

Aston Bay is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits in North America.

The Company is currently exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut. The Company is also in advanced stages of negotiation on other lands with high-grade precious and critical metals potential in North America

The Company and its joint venture partners, American West Metals Limited and its wholly-owned subsidiary, Tornado Metals Ltd. (collectively, ‘American West’), have formed a 20/80 unincorporated joint venture in respect of the Storm Project property, which hosts the Storm Copper Project and the Seal Zinc Deposit. Under the unincorporated joint venture, Aston Bay shall have a free carried interest until American West has made a decision to mine upon completion of a bankable feasibility study, meaning American West will be solely responsible for funding the joint venture until such decision is made. After such decision is made, Aston Bay will be diluted in the event it does not elect to contribute its proportionate share and its interest in the Storm Project property will be converted into a 2% net smelter returns royalty if its interest is diluted to below 10%.

FORWARD-LOOKING STATEMENTS

Statements made in this news release, including those regarding entering into the joint venture and each party’s interest in the Project pursuant to the agreement in respect of the joint venture, management objectives, forecasts, estimates, expectations, or predictions of the future may constitute ‘forward-looking statement’, which can be identified by the use of conditional or future tenses or by the use of such verbs as ‘believe’, ‘expect’, ‘may’, ‘will’, ‘should’, ‘estimate’, ‘anticipate’, ‘project’, ‘plan’, and words of similar import, including variations thereof and negative forms. This press release contains forward-looking statements that reflect, as of the date of this press release, Aston Bay’s expectations, estimates and projections about its operations, the mining industry and the economic environment in which it operates. Statements in this press release that are not supported by historical fact are forward-looking statements, meaning they involve risk, uncertainty and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Although Aston Bay believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which apply only at the time of writing of this press release. Aston Bay disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by securities legislation.

Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

For more information contact:

Thomas Ullrich, Chief Executive Officer
thomas.ullrich@astonbayholdings.com
(416) 456-3516

Sofia Harquail, IR and Corporate Development
sofia.harquail@astonbayholdings.com
(647) 821-1337

Source

This post appeared first on investingnews.com

The White House is in ongoing discussions with Capitol Hill to amend a proposed sanctions bill targeting Russia, Fox News Digital has learned, and prefers that route over sanctions led by the executive branch. 

Sens. Lindsey Graham, R-S.C., and Richard Blumenthal, D-Conn., introduced the legislation months ago and garnered 82 co-sponsors, but the Senate has delayed a vote to give President Donald Trump room to pursue a diplomatic settlement between Russia and Ukraine.

Now, with Trump increasingly skeptical of Vladimir Putin’s intentions to end the war, the bill could soon come to the floor. According to three sources familiar with the matter, talks between lawmakers and the White House are active, though no firm timeline has been set.

‘The House has appetite to move it, too,’ said one congressional source. 

Companion legislation has 70 House co-sponsors.

State Department policy planner Michael Anton has privately indicated to allies that the White House isn’t interested in imposing unilateral sanctions, but also won’t stand in the way of the Graham–Blumenthal legislation.

Behind the scenes, the White House is pushing for revisions that would grant the president greater discretion in enforcement. Specifically, officials are seeking to replace any ‘shall’ with ‘may’ in the bill’s text — a subtle but significant shift that would weaken mandatory enforcement.

‘The White House, no matter who is there, always wants the bill watered down — it’s normal,’ the source said. ‘Whenever any committee, congressman or senator wants to do a sanctions bill, career officials always email back and say, ‘Change the ‘shall’ to ‘may.’’

The legislation would impose sweeping economic penalties, including 500% tariffs on any country that does business with Moscow, and sanctions on key Russian officials and entities.

Graham has acknowledged that revisions are likely, including potential carve-outs from the tariff provision for nations providing aid to Ukraine. The exception would offer relief to European allies that are still dependent on Russian energy.

‘Why don’t we carve out for countries who are helping Ukraine?’ Graham said in an interview with Semafor earlier in June. ‘If you’re providing military economic assistance to Ukraine, you get a carve-out. So China, if you don’t want to get sanctioned, help Ukraine.’

Trump, speaking candidly on a podcast published Wednesday, questioned whether Putin has any interest in ending the conflict.

‘I’m starting to think maybe he doesn’t,’ Trump said when asked whether the Russian president minds losing thousands of soldiers in Ukraine each week.

On Capitol Hill, Trump’s top military advisors were pressed Wednesday on whether they believe Putin intends to halt his offensive.

‘I don’t believe he is,’ said Gen. Dan Caine, chairman of the Joint Chiefs of Staff.

‘Remains to be seen,’ added Defense Secretary Pete Hegseth.

The European Union unveiled a fresh sanctions package, that still needs to be voted on, which would ban transactions with the Nord Stream energy pipelines. 

Since Russia’s 2022 invasion of Ukraine, the U.S. has imposed sweeping sanctions: cutting Russian banks off from the U.S. financial system, freezing over $300 billion in Kremlin assets, banning key technology exports, and blocking imports of Russian fuel.

This post appeared first on FOX NEWS

The House of Representatives passed President Donald Trump’s $9.4 billion plan to claw back federal funds for foreign aid, PBS and NPR.

The 214 to 212 vote was mostly along party lines, with no Democrats voting for the bill. Four Republicans voted against the measure, however – Reps. Brian Fitzpatrick, R-Pa., Mike Turner, R-Ohio, Mark Amodei, R-Nev., and Nicole Malliotakis, R-N.Y.

A dramatic scene played out on the House floor on Thursday afternoon as the bill appeared poised to fail, with six Republican lawmakers having voted ‘no.’

Fox News Digital observed Speaker Mike Johnson, R-La., and Majority Whip Tom Emmer, R-Minn., huddled with several moderate Republicans who either voted ‘no’ or had not yet voted.

In the end, two of those holdouts – Reps. Nick LaLota, R-N.Y., and Don Bacon, R-Neb. – elected to support the bill, enabling it to pass on a narrow margin.

Trump allies largely viewed the package as a test run to see whether congressional Republicans could stomach cuts that were widely seen across the GOP as low-hanging fruit.

Spending cuts in the legislation include a $8.3 billion rollback of funding to the U.S. Agency for International Development (USAID), and just over $1 billion in cuts to the Corporation for Public Broadcasting, which funnels federal dollars to NPR and PBS.

Republican leaders argued the majority of the USAID dollars getting cut were going toward ‘woke’ programs like $1 million for voter ID in Haiti and $3 million for Iraqi Sesame Street.

On NPR and PBS, conservatives have long accused the two networks of taking federal money while growing increasingly liberal in their bias, rather than focusing on impartiality.

But some moderate Republicans had concerns about the legislation’s effect on critical disease prevention research in Africa.

Others argue that entirely slashing federal funding to public broadcasting would disproportionately hurt small local news outlets that rely on it most, and which are situated in areas that otherwise would be an information desert without those resources.

The legislation ultimately passed, however, and will now be sent to the Senate for consideration.

The $9.4 billion proposal is called a rescissions package, a mechanism for the White House to block congressionally approved funding it disagrees with.

Once transmitted to Capitol Hill, lawmakers have 45 days to approve the rescissions proposal, otherwise it is considered rejected. 

Such measures only need a simple majority in the House and Senate to pass. But that’s no easy feat with Republicans’ thin majorities in both chambers.

If passed, Republican leaders hope the bill will be the first of several rescissions packages codifying spending cuts identified by Elon Musk’s Department of Government Efficiency (DOGE).

This post appeared first on FOX NEWS

Peru is weighing sending what it considers highly dangerous foreign inmates to prisons in El Salvador, the prime minister said on Thursday, potentially following in the footsteps of US deportations of migrants to the Central American nation.

Peruvian Prime Minister Eduardo Arana did not immediately detail what such an agreement with El Salvador would look like, but the US has paid El Salvador to imprison Venezuelan migrants it alleges are gang members.

“The government is evaluating bilateral cooperation mechanisms for the transfer of highly dangerous foreign inmates to their countries of origin, including specialized centers such as the CECOT in El Salvador,” Arana told Congress.

He did not clarify whether Peru would only send Salvadoran prisoners to the nation or whether other foreign inmates could be sent as well. The prime minister’s office did not immediately respond to a request for comment.

The CECOT is El Salvador’s notorious maximum-security prison known for its harsh conditions, which have drawn sharp outcry from human rights groups.

Arana added that the Andean nation was seeking development bank financing to build more prisons of its own as it deals with overcrowding and a recent crime wave.

Peru has declared states of emergency in regions across the country in recent months, including in capital Lima, to tackle crime. In May, illegal miners kidnapped and killed 13 mine workers in Peru’s northern district of Pataz.

This post appeared first on cnn.com

Platinum has experienced robust price activity in recent weeks, breaking out of a years-long range.

Despite a persistent supply deficit, platinum has mostly traded between US$900 and US$1,100 per ounce in the past few years. But on Monday (June 9) it broke US$1,200, reaching its highest level since May 2021.

What has changed for the precious metal? In a May 29 report, Shree Kargutkar, managing partner at Sprott Asset Management (TSX:SII), provides an in-depth examination of the factors driving platinum’s recent rise, and analyzes whether market fundamentals can sustain these elevated prices.

Supply challenges in focus

Platinum’s lack of price momentum has come against a supply deficit that, according to the World Platinum Investment Council’s latest quarterly platinum report, will reach 966,000 ounces in 2025. This will be the third consecutive year of deficit, following a 922,000 ounce deficit in 2024 and an 896,000 ounce deficit in 2023.

It’s fair to ask why prices haven’t moved sooner. According to the Sprott report, aboveground inventories have been filling the supply gap. But now these stockpiles are shrinking fast, and are expected to fall to just 2.5 million ounces by 2025, putting them on track to run dry within the next two to three years.

Among the main contributing factors is a decline in primary supply.

South Africa accounts for 80 percent of the world’s platinum output. This means that even minor alterations to the workforce, mining regulations or infrastructure can affect global platinum supply.

Unfortunately, South Africa’s platinum market has been facing a series of challenges.

One of the most significant issues has been a worsening energy crisis, which led state power company Eskom to initiate rolling blackouts across the country starting in 2020. At that time, South Africa’s Council for Scientific and Industrial Research estimated that the economic costs were in the hundreds of millions of rand.

It also predicted that, in a best-case scenario, the problems would continue until 2022. However, instead the energy crisis further intensified, and in 2023 the country experienced 91 days of blackouts.

In 2022, the platinum market was adequately supplied, with a surplus of 908,000 ounces, but power restrictions that resulted in curtailments at South African mines quickly shifted the market into deficit.

Although Eskom managed to stabilize the power grid for much of 2024, new scheduled blackouts in January of this year highlighted the grid’s fragility after six units went offline, resulting in a loss of 3,600 megawatts of capacity.

Moreover, there is a shortage of new mine supply coming online to help bridge the gap. Part of the issue is the rarity of the metal. For every 17 to 18 ounces of gold produced, only one ounce of platinum is extracted.

Establishing new mines can take over a decade and can also be costly, leading to a lack of investment in the commodity. Impala Platinum Holdings (OTCQX:IMPUF,JSE:IMP) CEO Nico Muller pointed this out to CBS News in August 2024, suggesting that new mines would be highly improbable as long as platinum prices remain depressed.

The Sprott report suggests that some believe exchange-traded funds could offset the platinum deficit. Nonetheless, it challenges the assumption, noting that investors aren’t likely to sell until prices reach a much higher level.

Auto sector supporting demand

The automotive sector remains platinum’s primary demand driver, finding utilization in emission control systems, particularly catalytic converters for internal combustion engines.

However, the same platinum loadouts are not necessary in electric and hybrid vehicles.

According to the International Energy Agency, global sales of electric and hybrid vehicles have seen significant growth in recent years, rising from approximately 2 million in 2019 to over 17 million by 2024. While electric vehicle (EV) sales are anticipated to continue growing worldwide, the growth rate has been slowing as more consumers opt for hybrids. The shift in demand is attributed to various factors, including range anxiety, costs and EV infrastructure.

Moreover, policy changes in the US, such as the Trump administration’s rollback of environmental initiatives and proposal to eliminate EV tax credits, are likely to drive more consumers back to internal combustion engine vehicles.

These moves are expected to drive automotive demand to an eight year high of 3.25 million ounces in 2025, further exacerbating an already undersupplied market. The World Platinum Investment Council estimates that a 1 percent loss of EV market share would result in a 25,000 ounce increase in demand for platinum-group metals.

Balancing out the demand equation is a 9 percent decline in industrial demand to 2.22 million ounces in 2025. Even so, the sector’s needs are still trending above the 10 year average, and platinum’s use in the production of hydrogen and other green technologies means that demand could easily increase in the coming years.

Although platinum doesn’t have the same investor base as precious metals like gold and silver, investment demand is also expected to continue to increase, hitting 688,000 ounces in 2025. Sprott notes that, due to platinum’s chronic undervaluation, a recent surge in momentum has sparked interest in the metal.

Is now a good time to invest in platinum?

There is still uncertainty about whether platinum’s price gains will hold, or if the precious metal will retreat back toward the US$1,000 mark, where it has remained for the last few years.

However, with deficits expected to persist, the fundamentals are in place for a breakout in the platinum price.

Notably, there are now more tailwinds for the industry as aboveground stockpiles edge closer to depletion, and rising costs mean producer margins are becoming tighter.

Overall, Sprott believes the market could be setting up for a sustainable price increase, but it also expects the market to remain volatile in 2025 as uncertainty surrounds US tariffs and trade policies.

Investors should be aware of the fundamentals of the platinum market. While positive, due diligence should be taken to understand the risks of entering a potentially volatile market.

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

This post appeared first on investingnews.com

Rep. Seth Moulton, D-Mass., confronted Defense Secretary Pete Hegseth Thursday in a tense exchange over whether Hegseth improperly shared classified details about U.S. airstrikes against Houthi rebels.

In what was the sharpest line of questioning during a week of congressional hearings, Moulton pressed Hegseth to take ‘accountability’ if it’s confirmed he disclosed sensitive operational timing on an unclassified chat app.

‘When you texted the launch time for F-18s going into combat over enemy territory, facing anti-aircraft missiles, on an unclassified Signal chat – did that launch time come from Central Command? Yes or no?’ demanded Moulton, a Marine Corps veteran. 

Hegseth declined to give a direct answer, stating that any communication from the secretary of defense is inherently classified.

‘As you know, having served yourself, any way that the secretary of defense communicates or provides information in and of itself is classified and not to be discussed,’ Hegseth responded.

Moulton pressed again for specifics: ‘So what was the classification marking of the launch time when it was sent to you? Because DoD regulations require classified information to be labeled. Was it secret or top secret?’

Hegseth sidestepped, emphasizing the mission’s outcome. 

‘What’s not classified is that it was an incredibly successful mission against the Houthis,’ he said. 

‘OK, so it was classified,’ Moulton replied. ‘Are you trying to say that the information was unclassified?’ 

‘I’m not trying to say anything,’ Hegseth said.

Moulton then accused the secretary of receiving marked classified information from Central Command and allegedly sharing it outside secure channels.

He also noted the Pentagon inspector general is expected to release a report ‘in a few days’ on the matter. ‘If the DoD inspector general finds what is pretty obvious… that the information was, in fact, classified, do you plan to take any accountability for that?’ Moulton asked.

Hegseth pushed back, stating, ‘There were no names, targets, locations, units, routes, sources, methods – no classified information.’

When pressed again on whether he would accept accountability if the report finds a breach, Hegseth added: ‘Of course. I serve at the pleasure of the president, like everybody else.’

Moulton shifted gears to question the cost of the U.S. campaign against the Houthis, citing reports suggesting the operation topped $1 billion. ‘How many U.S.-flagged commercial ships have transited the Red Sea since your so-called successful operation?’ he asked. ‘The answer is zero.’

The Pentagon IG probe, launched in April, will examine whether Hegseth improperly discussed operational plans for a U.S. offensive against the Houthis in Yemen and will also review ‘compliance with classification and records retention requirements,’ according to a memo from Inspector General Steven Stebbins.

Hegseth’s Signal messages to the president’s principal advisers, leaked when former national security advisor Mike Waltz inadvertently added the Atlantic magazine’s Jeffrey Goldberg to the chat, revealed F-18, Navy fighter aircraft, MQ-9s, drones and Tomahawks cruise missiles would be used in the strike on the Houthis.

‘1215et: F-18s LAUNCH (1st strike package),’ Hegseth said in one message notifying the chat of high-level administration officials that the attack was about to kick off.

‘1345: ‘Trigger Based’ F-18 1st Strike Window Starts (Target Terrorist is @ his Known Location so SHOULD BE ON TIME – also, Strike Drones Launch (MQ-9s)’ he added, according to the report. 

‘1410: More F-18s LAUNCH (2nd strike package)’

‘1415: Strike Drones on Target (THIS IS WHEN THE FIRST BOMBS WILL DEFINITELY DROP, pending earlier ‘Trigger Based’ targets)’

‘1536 F-18 2nd Strike Starts – also, first sea-based Tomahawks launched.’

‘MORE TO FOLLOW (per timeline)’

‘We are currently clean on OPSEC’ – that is, operational security.

Trump administration officials have long insisted that nothing classified was shared over the chat. 

This post appeared first on FOX NEWS

President Donald Trump on Thursday wouldn’t say an attack by Israel on Iran was imminent, but warned it ‘could happen’ as the U.S. continues to pressure Tehran on a nuclear deal, but simultaneously prepares evacuations from the Middle East. 

‘I don’t want to say imminent, but it looks like it’s something that could very well happen,’ Trump said. ‘Look, it’s very simple, not complicated. Iran can not have a nuclear weapon. 

‘Other than that, I want them to be successful,’ he continued. ‘We’ll help them be successful, will trade with them. We’ll do whatever is necessary.’

Trump said ultimatelyhe’d ‘love to avoid the conflict,’ but said that Iran is going to have to negotiate a ‘little bit tougher.’

‘Meaning they’re going to have to give us some things that they’re not willing to give us right now,’ he said in apparent reference to Iran’s so far refusal to give up nuclear enrichment capabilities. 

The president said the U.S. and Iran are ‘fairly close to a pretty good agreement’ but then added, ‘It’s got to be better than pretty good though.’

Trump on Wednesday told reporters that the U.S. has advised some evacuation efforts in the Middle East as the security situation with Tehran could become ‘dangerous’ amid uncertain nuclear negotiations. 

‘They are being moved out because it could be a dangerous place,’ Trump said.  ‘We’ve given notice to move out, and we’ll see what happens.’

The president’s comments came after the U.S. embassy in Iraq ordered a partial evacuation of non-emergency government personnel and military dependents have been authorized to leave locations around the Middle East.

Reports originally claimed similar orders had been issued in Bahrain and Kuwait, though no notices have been posted to the U.S. embassy in Kuwait, and the embassy in Bahrain said that reports that it ‘has changed its posture in any way are false’ and staffing operations remain ‘unchanged and activities continue as normal.’

Embassies near Iran have been ordered to hold emergency action committees and report back to DC on their risk-mitigation plans.

No U.S. troops have been pulled from the Middle East at this time. 

The State Department did not immediately respond to Fox News Digital’s questions on why Iraq was deemed particularly dangerous when similar notices have not been issued in other nations surrounding Iran. 

Bahrain holds the highest number of military families according to reports, and though no embassy or military changes have been made, Trump on Thursday said, ‘We have a lot of American people in this area. And I said, we got to tell them to get out because something could happen soon, and I don’t want to be the one that didn’t give any warning and missiles are flying into their buildings.

‘It’s possible. So I had to do it,’ he added. 

When asked this week how the U.S. can calm the escalating security situation in the region, Trump did not provide a direct answer, but said, ‘They can’t have a nuclear weapon. Very simply, they can’t have a nuclear weapon. We’re not going to allow that.’

The status of negotiation progress remains unclear as Special Envoy Steve Witkoff prepares to head to Oman on Sunday for the sixth round of direct and indirect nuclear negotiations with Iran, Omani Foreign Minister Badr al-Busaidi confirmed on Thursday. 

The negotiations have become increasingly strained in recent weeks and appear to have reached an impasse over the levels of enriched uranium.

The U.S. has repeatedly said Iran must not be allowed to have any enrichment programs, including for civil energy use – of which Iran contributes less than 1% of its overall energy needs to nuclear energy.

Iran has thus far flatly refused to abandon all nuclear enrichment, and it remains unclear what it would be required to do with the stockpiles of near-weapons-grade enriched uranium that it currently possesses – which it drastically increased over a three-month period earlier this year.

The IAEA began sounding the alarm last month that Iran had increased its stockpiles by nearly 35% between February and May, when the nuclear watchdog said its stores had jumped from roughly 605.8 pounds worth of uranium enriched to 60% to 900.8 pounds by mid-May.

The Institute for Science and International Security assessed earlier this week that Iran could further the enrichment process to create at least one nuclear warhead’s worth of weapons-grade uranium in as little as two to three days at its Fordow Fuel Enrichment Plant (FFEP).

Nine nuclear weapons could be made within three weeks, and in coordination with Natanz Fuel Enrichment Plant (FEP), Iran could turn around 22 nuclear warheads within a five-month period, the Institute for Science and International Security claimed.

The IAEA’s 35-nation Board of Governors on Thursday declared Iran is in breach of its non-proliferation obligations for the first time in nearly 20 years.

The board may next take the breach to the UN Security Council, which could then be prompted to enforce severe snapback sanctions on Tehran, which Western security experts have long been urging the UNSC to pursue.

Only three nations on the board objected to the breach declaration, including Russia, China and Burkina Faso, despite years of mounting evidence of man-made highly enriched uranium, and Tehran’s refusal to grant the IAEA full access to all its nuclear facilities, which is a violation of the Joint Comprehensive Plan of Action (JCPAO). 

Tehran is still bound to the international deal, though the agreement drastically unraveled after the U.S. withdrew from the agreement in 2018 under the first Trump administration after it claimed Iran was already in breach of the terms. 

Defense Secretary Pete Hegseth, who returned to the Hill today to testify in front of the House Armed Services Committee, told Senators on Wednesday that ‘There are plenty of indications that [Iran has] been moving their way towards something that would look a lot like a nuclear weapon.’

The secretary’s comments contradict assertions made by the Director of National Intelligence, who said in March that Iran is not building a nuclear weapon.

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Senate Republicans rammed through another of President Donald Trump’s nominees on Thursday, this time giving a green-light to the president’s pick to lead the IRS.

The GOP-controlled Senate approved former House Rep. Billy Long to be the next IRS commissioner in 53 to 44 vote along party lines. Long’s ascension to the role marks him as the fifth commissioner atop the tax agency since the beginning of this year.

He will replace Michael Faulkender, who is serving as acting commissioner alongside his duty as deputy Treasury secretary. Long will also be taking over an agency that, like many others, saw drastic cuts to its workforce under the White House’s Department of Government Efficiency (DOGE) initiative. 

The former lawmaker and auctioneer will now lead an agency he once sought to dismantle.

Long, who served in the House from 2011 to 2013 representing Missouri’s 7th District, was grilled by Democrats on the Senate Finance Committee during his confirmation hearing last month.

Lawmakers questioned his backing of legislation that would have abolished the IRS and replaced income taxes with a national sales tax, and his promotion of a pair of tax credits – the Employee Retention Tax Credit and ‘tribal tax credits’ – that raised questions of a possible conflict of interest with his new position.

During the hearing, Long argued that as commissioner, he would have a chance to ‘make real, transformational change to an agency that needs it more than any other.’

But Trump has similarly sought to abolish the IRS and replace income taxes with tariffs, among other proposals. That means Long’s elevation to IRS commissioner likely gives the president a key ally in moving forward with his vision of seeing the tax agency scrapped.

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Former Vice President Mike Pence’s conservative organization wants Republican senators to gut provisions from the ‘big, beautiful bill’ that could jeopardize the legislation’s survival in both chambers.

Advancing American Freedom, Pence’s organization that he founded in 2021, supports the House’s offering in the budget reconciliation process, and views it as the best move to prevent President Donald Trump’s first-term tax cuts from expiring. 

However, Chair Marc Short and President Tim Chapman called on the Senate GOP to make further refinements to the bill to ensure a better end product, in a letter to Senate Republicans first obtained by Fox News Digital. 

And some of those changes would see key provisions that helped move the president’s bill through the House stripped out.

The duo praised House Republicans for ‘hard-fought’ reforms to Medicaid, rolling back of certain provisions from the Biden administration’s Inflation Reduction Act, cuts to Planned Parenthood funding and the end of taxpayer dollars flowing to ‘dangerous sex change operations.’

But they believed the Senate GOP could further polish the House’s offering.

‘Even still, the Senate should build on the House’s hard work to perfect the One, Big, Beautiful Bill to deliver for the American people,’ they wrote.

Pence’s organization also called for further lowering the corporate tax rate, which was set at 21% by Trump’s first-term tax cut package, eliminating the state and local tax (SALT) deduction entirely, ending all Green New Deal subsidies, and gutting a proposed increase to the debt limit.

Some of the changes advocated for by Advancing American Freedom, like nixing the debt-limit language, could go a long way toward earning support from Sen. Rand Paul, R-Ky., who has vowed to vote against the bill if the debt-limit hike is left in.

But completely ending green subsidies could pose a problem for a cohort of Senate Republicans who have wanted to see the phase-out authored by House Republicans reworked. Doing away with the SALT deduction could hinder the bill, too.

Senate Republicans largely do not care about the increase to the SALT cap to $40,000 pushed for by blue-state Republicans in the House, given that no Republican senator represents a blue state. But House Republicans from New York, New Jersey and California have vowed to vote against the legislation if the cap is touched.

Congressional Republicans are using the budget reconciliation process to pass a sweeping bill advancing Trump’s agenda on taxes, immigration, energy, defense and the national debt. The main thrust of the colossal package is to extend or make permanent the president’s 2017 tax cuts, but lawmakers are also working to use it to bring down the national debt – nearing $37 trillion – with the aim of cutting $1.5 trillion in federal spending.

While leaders have warned to make as few changes as possible to the House’s offering, the Senate GOP intends to leave its mark on the package, particularly in trying to find steeper savings. Any seismic changes could jeopardize the bill’s survival in the House, where it narrowly passed on a 215 to 214 vote last month.

Short and Chapman noted that the ultimate goal of the package is to prevent Trump’s tax cuts from lapsing.

‘If Congress gets cold feet — or fails to send the package to the president’s desk — 
American households will suffer a $2,100 tax increase on average,’ they wrote.

‘[The One Big Beautiful Bill] not only defuses the looming tax bomb, it takes a first step toward entitlement reform, rebuilds the military, and ensures that our Border Patrol agents and Immigration and Customs Enforcement officers have the tools they need to secure the border and deport illegal aliens,’ they said. 

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Justice Neil Gorsuch wrote a dissent to the Supreme Court’s decision to limit the U.S. Tax Court’s authority in certain Internal Revenue Service (IRS) cases, asserting that the federal tax collecting service could avoid accountability in the future.

Gorsuch wrote the dissent to the high court’s opinion in Commissioner of Internal Revenue v. Zuch, a case that centers on Jennifer Zuch’s dispute with the IRS that began in 2012 over the agency’s moves regarding her late 2010 federal tax return filing. 

‘Along the way, the Court’s decision hands the IRS a powerful new tool to avoid accountability for its mistakes in future cases like this one,’ Gorsuch wrote in his dissent.

In this case, Zuch claimed that the IRS made a mistake, crediting a $50,000 payment to her then-husband’s account instead of her own. The IRS disagreed and sought to collect her unpaid taxes with a levy to seize and sell her property.

Over the years after the dispute began, Zuch filed several annual tax returns showing overpayments. Instead of being issued refunds, the IRS applied these to her outstanding 2010 tax liability.

Once the IRS settled Zuch’s outstanding sum, her liability reached zero, and the IRS no longer had a reason to levy her property.

The IRS then moved to dismiss Zuch’s case in Tax Court, arguing that Tax Court lacked jurisdiction since there was no longer a levy on her property. The Tax Court agreed.

The Supreme Court upheld that Tax Court no longer had jurisdiction without a levy.

‘Because there was no longer a proposed levy, the Tax Court properly concluded that it lacked jurisdiction to resolve questions about Zuch’s disputed tax liability,’ read the high court’s opinion.

The decision will not only prevent Zuch from recouping her overpayments that she believes the IRS has wrongly retained, but give the IRS a way to avoid accountability, Gorsuch wrote in his dissent.

‘The IRS seeks, and the Court endorses, a view of the law that gives that agency a roadmap for evading Tax Court review and never having to answer a taxpayer’s complaint that it has made a mistake,’ the justice wrote.

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