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Here’s a quick recap of the crypto landscape for March 11 as of 9:00 a.m. UTC.

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

Bitcoin (BTC) was priced at US$69,624.27, down by 1.7 percent over the last 24 hours.

Bitcoin price performance, March 11, 2026.

Chart via TradingView

Ether (ETH) was priced at US$2,022.91, down by 1.6 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.37, down by 2.0 percent over 24 hours.
  • Solana (SOL) was trading at US$85.39, up by 2.1 percent over 24 hours.

Today’s crypto news to know

Oil trading surges on crypto derivatives platform

Volatility in global energy markets is spilling into crypto trading platforms, where oil derivatives have suddenly become one of the most active markets.

On decentralized exchange Hyperliquid, an oil-linked perpetual futures contract tracking West Texas Intermediate crude generated about US$1.32 billion in trading volume over the past 24 hours.

The surge made oil the second-most traded contract on the platform after Bitcoin.

The surge followed the escalation of the US-Israel conflict with Iran, which sent oil prices briefly soaring above US$118 per barrel before retreating. Prior to the conflict, the contract typically saw about US$21 million in daily trading.

Data from Hyperliquid shows Bitcoin still dominates trading activity with roughly US$3.64 billion in daily volume, but the WTI contract has now leapfrogged assets such as Ether, silver, and gold.

Strategy adds nearly 18,000 Bitcoin in US$1.28 billion purchase

Strategy (NASDAQ:MSTR) continued its aggressive accumulation strategy last week, revealing it purchased 17,994 Bitcoin for about US$1.28 billion between March 2 and March 8.

According to a regulatory filing, the company paid an average price of roughly US$70,946 per coin. The latest purchase lifts Strategy’s total holdings to 738,731 Bitcoin, acquired at a combined cost of about US$56.04 billion.

China’s top court warns of tougher penalties for crypto crime

China’s Supreme People’s Court has signaled a harder line against cryptocurrency-related financial crime, pledging stricter penalties for individuals using digital assets to launder money or move funds overseas.

Chief Justice Zhang Jun issued the warning in the court’s annual report to the National People’s Congress, highlighting the growing role of crypto in cross-border financial offenses.

Authorities say the crackdown is part of a broader campaign against technology-enabled crime, which increasingly includes artificial intelligence-driven fraud and coordinated online harassment campaigns known as “human flesh search.”

Despite the ban, enforcement agencies say criminals have continued to exploit digital assets to bypass China’s strict capital controls, which limit individuals to transferring US$50,000 abroad each year.

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

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

This post appeared first on investingnews.com

Jeremy Carl, President Donald Trump’s nominee for assistant secretary of state for international organization affairs, withdrew his nomination Tuesday after facing bipartisan criticism over past comments about race, religion and Israel.

Carl, a conservative commentator and senior fellow at the Claremont Institute, wrote on X that he lacked the unanimous Republican support needed to advance his nomination out of the Senate Foreign Relations Committee. He was nominated to the State Department role by President Donald Trump and Secretary of State Marco Rubio.

‘I am withdrawing my nomination for consideration as Assistant Secretary of State for International Organization Affairs,’ he wrote Tuesday afternoon. ‘I am tremendously grateful to President Trump for nominating me and then (upon expiration of my original nomination) renominating me for this role, and I am also grateful to Secretary Rubio and his team for their continued support throughout this long and time-consuming process.’

Republicans hold a 12-10 majority on the panel, meaning a single GOP defection would result in a tie vote and block the nomination from moving to the full Senate.

‘Unfortunately, at this time this unanimous support was not forthcoming,’ Carl wrote, adding that he did not want the administration to ‘waste valuable time and energy’ attempting to change the outcome.

During his confirmation hearing last month, senators pressed Carl on previous remarks concerning ‘white identity,’ immigration and Israel. Sen. John Curtis, R-Utah, specifically pressed him on an October 2024 podcast, in which Carl said, ‘the United States spends too much time and energy on Israel, often to the detriment of our own national interests.’ Curtis challenged Carl on what American interests were harmed, and asked if he recognized the benefits that the U.S. gains from the relationship with Israel. Carl dodged the questions, but did say that he wishes that ‘the UN would stop being antisemitic all the time.’

Curtis also cited the same podcast, in which the host accused Jews of claiming a ‘special victim status’ over the Holocaust, and said, ‘Israel is not a victim, but instead a perpetrator,’ to which Carl responded, ‘Right, right. Yeah, no, I mean, I think that’s true.’ Carl at first said that he would have to review the question, but when Curtis noted that he gave Carl’s exact words, Carl admitted, ‘I’m sure that they’re accurate.’

Curtis said afterward that Carl was not the ‘right person to represent our nation’s best interests in international forums.’

Sen. Chris Murphy, D-Conn., questioned Carl about his references to ‘white identity’ and what he believed was being ‘erased.’ Carl responded that he was concerned about the erosion of what he described as a majority American culture due to mass immigration, saying he stood by those comments. Murphy later called him a ‘legit white nationalist’ on social media.

Congressman questions State Department official who said Biden tried to make maps

Carl rejected that characterization, saying he is ‘not a White nationalist’ and that his remarks referred to a broadly shared American culture that people of all backgrounds could embrace.

‘Unfortunately, for senior positions such as this one, the support of the President and Secretary of State is very important but not sufficient,’ Carl added on X. ‘We also needed the unanimous support of every GOP Senator on the Committee on Foreign Relations, given the unanimous opposition of Senate Democrats to my candidacy, and unfortunately, at this time this unanimous support was not forthcoming.’

The position Carl was nominated to oversees U.S. engagement at the United Nations and other multilateral organizations. He previously served as a deputy assistant interior secretary during Trump’s first term.

Trump, Netanyahu have a ‘common view of the world’: Israeli ambassador

‘I remain extremely confident in President Trump, Secretary Rubio, and the rest of the outstanding team at State (a group of leaders that includes many close friends),’ Carl concluded on X. ‘I know they will continue to pursue a foreign policy that puts America first, and that they will work to ensure America is able to exercise its power and influence in the world like never before.’

Fox News Digital reached out to the White House and the State Department for comment and has not heard back.

Reuters contributed to this report.

This post appeared first on FOX NEWS

A top Senate Republican wants answers on why the Biden administration drained the nation’s oil stockpile but did little to replenish it.

Sen. Tom Cotton, R-Ark., charged that decisions under President Joe Biden to tap the Strategic Petroleum Reserve (SPR) could have a ripple effect as the U.S. continues its war with Iran and as the Iranian government continues its chokehold on the Strait of Hormuz.

Cotton, in a letter first obtained by Fox News Digital to Department of Energy Secretary Chris Wright, charged that the Biden administration released 180 million barrels from the nation’s reserves in 2022 ‘to suppress gas prices ahead of the midterm elections.’

‘That decision drained the reserve to a 40-year low,’ Cotton wrote. ‘The decision to drain the SPR was not a response to a supply emergency; it was a deliberate political act designed to protect Democrats from the consequences of their own failed energy policies.’

Biden tapped the reserve twice — once in 2021 to relieve soaring fuel prices as the nation still grappled with the economic fallout from the COVID-19 pandemic and again the following year to combat increased energy costs at the onset of the war between Russia and Ukraine.

The SPR has capacity for over 700 million barrels of crude oil, but currently, the reserve has far less following the drawdown under the previous administration.

At the end of Biden’s term, the reserve had about 415 million barrels of crude on hand, according to data from the Department of Energy.

Cotton said that it wasn’t ‘the first time Democrats undermined the reserve’ and noted that Senate Minority Leader Chuck Schumer, D-N.Y., and congressional Democrats blocked President Donald Trump’s bid to refill the SPR in 2020, when barrels were cheap, with $3 billion from a colossal COVID-19 stimulus package moving through Congress.

He also said that in 2021, Biden signed an executive order that halted new oil and gas leases on federal lands and offshore, which Cotton charged ‘constrained domestic production while the administration was draining the reserve.’

Cotton demanded that Wright answer how blocking the $3 billion oil purchase and halting oil and gas leases impacted the nation’s overall domestic supplies that could have been used to replenish the SPR.

Meanwhile, congressional Democrats are demanding that Trump tap into the SPR after oil prices spiked to four-year highs over the weekend as the war in Iran intensifies.

Schumer said that the reserve ‘exists for moments exactly like this.’

‘The Strait of Hormuz is the world’s most important oil transit choke point, with roughly 20% of global petroleum liquids consumption moving through it in recent years,’ Cotton said. ‘That is precisely why the SPR must be treated as a strategic national security asset, not a political tool.’

This post appeared first on FOX NEWS

Republicans sharply criticized former President Joe Biden over rising prices at the gas pump, but a spike in energy prices amid the U.S.-Israeli conflict in Iran threatens to scramble the party’s affordability messaging.

The Iran conflict has led to a surge in gas prices for Americans, leading to an average 50 cents a gallon increase since Operation Epic Fury began on Feb. 28.

The average price of gas reached $3.54 per gallon on Tuesday, according to AAA. Diesel prices have also risen to $4.72 per gallon. The increases have been mostly fueled by volatility in oil prices, which rose above $100 per barrel on Monday as the Strait of Hormuz remained effectively shuttered.

The president characterized the gas price hike amid the Iran conflict as ‘a very small price to pay’ in a Truth Social post Sunday.

That statement represented a sharp break with Trump’s typical messaging touting low gas prices prior to Operation Epic Fury.

‘Gasoline, which reached a peak of over $6 a gallon in some states under my predecessor — it was quite honestly a disaster — is now below $2.30 a gallon in most states. And in some places, $1.99 a gallon,’ President Donald Trump said during his Feb. 27 State of the Union address. ‘And when I visited the great state of Iowa just a few weeks ago, I even saw $1.85 a gallon for gasoline.’

The surge in gas and diesel prices threatens to undermine the economic message of President Trump and congressional Republicans, who have touted low gas prices as a major win in the lead-up to November’s midterm elections. Cost of living issues are expected to be a key concern among voters as both parties claim to be laser-focused on making everyday life more affordable.

During the 2024 presidential contest, Trump frequently campaigned on ending Biden’s ‘war on American energy’ and pledged to reverse a surge in gas prices that occurred under his predecessor’s tenure.

Gas prices averaged $3.45 per gallon across all fuel grades during Biden’s four-year term, surging to a record high of more than $5 per gallon in June 2022 after the outbreak of the Russia-Ukraine war, according to the U.S. Energy Information Administration.

‘Starting on Day 1, we will drive down prices and make America affordable again,’ Trump said during a speech at the Republican National Committee convention in July 2024. ‘People can’t live like this.’

Democrats have seized on rising prices at the pump amid the conflict in Iran.

‘I wish the administration thought about this before they started this unnecessary war,’ Sen. Angus King, I-Maine, who caucuses with Democrats, said Monday when asked about the gas price hike.

‘Donald Trump’s war has sent gas prices skyrocketing through the roof,’ Senate Minority Leader Chuck Schumer, D-N.Y., wrote on social media Monday. ‘What contempt. What cluelessness.’

Schumer has called on the president to release oil from America’s Strategic Petroleum Reserve to combat supply bottlenecks in the Middle East. The top Democrat notably opposed a Trump-led effort to replenish the stockpile in his first term when oil prices were much lower.

Republicans have voiced confidence that the rise in gas prices would be temporary. GOP lawmakers have frequently cited their efforts to roll back Biden-era energy regulations and boost domestic production as evidence that their policies are working to lower energy prices.

‘It’s going to be probably volatile for a period of time. I think what’s going to be key is ensuring we can get safe access to the Strait of Hormuz,’ Sen. Steve Daines, R-Mont., said Monday, adding that he was confident the disruption would be short-lived.

Daines, who abruptly suspended his re-election campaign last week, highlighted that average gas prices were under $3 per gallon prior to Trump’s State of the Union speech. 

‘That’s an important win for the American people,’ the retiring Montana lawmaker said. ‘Something you’re reminded of usually weekly when you’re gassing up your vehicle.’

Some Republicans and Trump administration officials are also arguing that a defeated Iran will ultimately spur lower gas prices, even if there is pain in the short run.

White House press secretary Karoline Leavitt characterized the recent increase in oil and gas prices as ‘temporary’ during a briefing Tuesday.

‘Once the national security objectives of Operation Epic Fury are fully achieved, Americans will see oil and gas prices drop rapidly, potentially even lower than they were prior to the start of the operation,’ Leavitt said.

‘At the end of the day, we’re going to destroy this regime, and their ability to disrupt oil is going to be less, and we’re going to have more production, not less,’ Sen. Lindsey Graham, R-S.C., told reporters Monday. ‘Once you take the largest state sponsor of terrorism off the planet, who depends on oil for their revenue, that’s a more stable world.’

Nearly seven in 10 Americans — including 44% of Republicans — expect gas prices to keep increasing in the coming months, according to a Reuters-Ipsos poll released Monday.

Trump has threatened Iran with unprecedented force if the flow of oil through the Strait of Hormuz is further restricted.

‘Death, Fire, and Fury will reign upon them — But I hope, and pray, that it does not happen!’ Trump wrote Monday on Truth Social.

This post appeared first on FOX NEWS

As a physician and a mother, I have seen firsthand how Washington’s decisions ripple into the exam room and around the kitchen table. At a time when healthcare debates often divide, it is worth recognizing leaders who safeguard freedom while tackling real health needs. The Trump administration is doing exactly that: protecting access, preserving choice and confronting public-health challenges while trusting families and their physicians to decide what is best.

President Donald Trump is proving that when Washington listens to everyday Americans and acts with urgency, real change is possible. For too long, the crushing cost of prescription drugs has forced families to make an impossible choice between filling a prescription and paying their bills.

Lowering drug prices has been a cornerstone of his presidency, and he has taken meaningful steps to deliver by expanding generics and biosimilars, implementing historic price transparency rules, capping insulin costs for seniors, advancing TrumpRX to increase competition to increase competition and direct access, and pursuing a ‘Most Favored Nation’ policy, so Americans are no longer paying more for medications than patients in other developed countries.

These policies represent an important shift toward putting patients, not middlemen, first. It’s a strong and necessary start, but sustaining this momentum by increasing competition and expanding access will be critical to finally bringing lasting relief to Americans.

This is not the first time Trump has revolutionized healthcare access. He set the tone during his first term with Operation Warp Speed, a milestone in American biomedical history, after COVID-19 paralyzed the world six years ago this month. By pairing private‑sector innovation with decisive federal coordination, it accelerated effective vaccine development and distribution; proving speed and rigor can coexist when government clears paths instead of creating bottlenecks. Just as important, it expanded options for patients and families, reinforcing a simple principle: access first, always.

What followed, however, is where public trust began to erode. Not because of Operation Warp Speed, but because its success was taken over by bureaucratic overreach. I watched in real time as public trust in health institutions collapsed, common sense was dismissed, legitimate debate was shut down and universal COVID vaccine mandates were imposed. Patients did not turn away from the vaccine recommendations because of the science; they turned away because of coercion despite evolving science and varying risk levels.

When personal autonomy gave way to mandates, they undermined confidence in both institutions and vaccines themselves. The result wasn’t the product of Trump’s leadership and scientific progress; it was the consequence of power being prioritized over personal choice.

Today, this administration is again pursuing strong public‑health outcomes without treating Americans as bystanders. Trust should be built where it matters most: in the home and in the doctor’s office. Parents want choice. Doctors want access. Parents overwhelmingly trust their own physicians. Doctors who know a child’s history and needs should remain the most trusted voices and, increasingly, America’s health agencies are speaking that same language.

President Trump: This will be better healthcare at a much lower cost

The recent shift in tone from top health leaders is significant and worth recognizing. Acting Centers for Disease Control and Prevention Director Jay Bhattacharya is urging Americans to get the measles vaccine as cases rise and the U.S. risks losing its hard-won elimination status. He called the decision ‘deeply personal’ while making clear that ‘measles is preventable and vaccination remains the most effective way to protect yourself and those around you.’

Centers for Medicare & Medicaid Services Administrator Mehmet Oz echoed that in February: ‘There will never be a barrier to Americans getting access to the measles vaccine. It is part of the core schedule.’ This is what responsible public health communication looks like: honest, direct, and rooted in science, without coercion.

President Donald Trump is proving that when Washington listens to everyday Americans and acts with urgency, real change is possible.

The challenge now is sustaining this posture. Keeping vaccines available, affordable and accessible is not a concession to one side of the political debate, it’s broadly popular across the spectrum and conservatives are no exception. Skepticism of mandates and top-down health edicts does not translate into a desire to see vaccines become harder to get or more expensive to access. Americans want the freedom to make their own choices alongside their doctors and that freedom is only meaningful when access is guaranteed.

At the same time, the message must be clear: removing mandates does not mean vaccines are no longer recommended, or they have somehow been deemed unsafe. Vaccines remain one of the most effective tools in modern medicine. When vaccination rates fall, history and modern-day show that preventable disease and mortality rise.

Trump understands this, and his agencies need to hold the line: speak honestly about what the science says, respect personal decision-making and ensure that no American faces a barrier to a vaccine they want. That’s a winning posture politically — and more importantly, it’s the right thing to do.

This post appeared first on FOX NEWS

Three years ago, I came to the United States as a graduate student with the intention of studying public and international affairs at Columbia University, with a focus on public service. Like many who come here from across the world, I had a vision of the United States as the land of the free, a place where freedom of speech was cherished and where I could study freely. I thought it was a place where I could stand up for what I believed in without fear of retaliation from the government.

On March 8, 2025, that vision shattered. Multiple plainclothes ICE agents in unmarked cars grabbed me, without a warrant, from the lobby of my apartment building in New York and threw me on a plane to a federal detention center in Louisiana. As a green card holder with a U.S. citizen wife — who was 8 months pregnant at the time — I couldn’t believe what was happening. I had been targeted by the government because of my lawful speech in support of Palestinian rights, for protesting the use of my tax dollars and tuition fees to support the Israeli occupation.

Throughout my 104 days in federal detention, during which I missed the birth of my first child, I considered myself a political prisoner. The government had deprived me of my liberty, not because I had broken any laws, but because it didn’t like what I had to say.

Once I challenged my detention and Secretary Rubio’s determination that my political views posed a foreign policy threat, the government scrambled to add new accusations. They alleged, baselessly, that I had committed fraud on my green card application. Claims invented not out of evidence, but out of retaliation. Recent evidence in federal court revealed that DHS itself acknowledged, a day before my arrest, that there were no issues with the information I provided on my green card application because everything was complete, true, and correct. Yet I was arrested anyway.

I was not alone. Other students and scholars with valid immigration status were similarly targeted for detention and deportation despite having committed no crime. They were pulled off streets by masked agents, targeted outside of their homes, and tricked into arrests during citizenship appointments. What happened to us is exactly what the First Amendment is designed to prevent: the government deciding which speech is acceptable and which is not. Once that protection is weakened, everyone is at risk.

The Supreme Court recognized eighty years ago that the First Amendment protects all of us in the United States — citizens and noncitizens alike — from government persecution for our beliefs. If we allow that boundary to be violated for noncitizens, or when the government claims a foreign policy concern, a precedent is created that can be used against all of us. Even citizens. Even people who disagree with me vehemently about Palestine.

The government has argued that federal courts must let people sit in immigration detention for months or years before reviewing allegations of constitutional violations. They have argued that Pro-Palestine speech constitutes a foreign policy threat. They have argued that I deserve to be deported because they dislike my ideas. If they can do this to a lawful permanent resident with a U.S. citizen wife and newborn U.S. citizen child, there’s no telling who else they will come for.

The government isn’t allowed to control how we can speak and think. Attorneys representing me in my case, and others like me in similar cases, argued this point in court and secured our release from detention. But my case is still ongoing, and the executive branch’s immigration agency may soon order my deportation. So, I ask Americans directly: do you want to live in a country where you can be snatched off the street by plainclothes agents for your thoughts?

In Assad’s Syria, where I grew up in a Palestinian refugee camp, that was routine. Since the beginning of 2025, the United States, a country whose Constitution protects freedom of speech, has seen an increase in these actions that I once associated with Assad: abductions by plainclothes officers without warrants, forced detention of people who express views the government doesn’t like, and the targeted silencing of dissent.

I will continue to use my platform to advocate for human rights in Palestine. But I ask each and every person reading this to use their voice to defend our First Amendment rights. The right to speak our minds, no matter who holds power, is the foundation of our democracy, and it is in peril. Whatever you may think of me or my views, that foundation belongs to all of us.

This post appeared first on FOX NEWS

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce the successful completion of 12.8 line kilometres of induced polarization (‘IP’) surveying over the Marisa Zone at its 1,168-hectare North Island Copper Project located near Port Hardy on Vancouver Island, British Columbia.

The Company is currently reviewing the newly acquired geophysical data and will release a detailed interpretation once the technical team has completed its evaluation. As part of this process, Peter E. Walcott and Associates Limited will integrate the historical 1992 IP survey data with the new 2026 survey results to generate a comprehensive 3D inversion model of the target area.

The results of this work are expected to assist in defining priority drill targets. Subject to final interpretation and permitting timelines, the Company intends to initiate permitting for a drill program in late H1 or early H2 2026.

Previous exploration at the Marisa Zone identified copper mineralization associated with an IP chargeability anomaly. In 1992, two of five diamond drill holes were completed to test the anomaly intersected copper mineralization, including:

  • 0.078% copper over 56.39 metres (DDH92-01)
  • 0.041% copper over 70.71 metres (DDH92-03)

Both intercepts were encountered within altered quartz diorite, with copper grades increasing with depth in DDH92-03.

Source: Geophysical and Diamond Drilling Report on the Marisa Property, G.J. Allen and P.G. Dasler, February 29, 1992, prepared for Great Western Gold Corporation.

‘This recently completed IP survey represents an important step in advancing the Marisa Zone target,’ stated Saf Dhillon, President & Chief Executive Officer of Questcorp Mining. ‘The survey has successfully confirmed the presence of the historical chargeability anomaly identified in earlier work. Once Walcott and Associates completes the 3D inversion and our technical team finishes reviewing the results, we expect to refine potential drill targets and move toward a drill program later in 2026.’

The Company cautions that a Qualified Person has not verified the historical exploration data referenced in this release. The presence of mineralization on adjacent or nearby properties, including NorthIsle Copper and Gold and BHP properties, is not necessarily indicative of mineralization on the North Island Copper Project.

The technical content of this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC), a Director of the Company and a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Questcorp Mining Inc.

Questcorp is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metal properties of merit. The Company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island Copper property, on Vancouver Island, B.C., subject to a royalty obligation. The Company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon
President & CEO

Questcorp Mining Corp.
saf@questcorpmining.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6

https://questcorpmining.ca

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the intended use of proceeds from the Offering; and closing of subsequent tranches of the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that such 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. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) 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/288086

News Provided by TMX Newsfile via QuoteMedia

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U.S. Secretary of State Marco Rubio designated Afghanistan as a ‘state sponsor of wrongful detention,’ accusing the Taliban of ‘unjustly’ detaining Americans and other foreign nationals.

In his announcement on Monday, Rubio said the Taliban continues to use ‘terrorist tactics’ that he insisted ‘need to end.’

‘I am designating Afghanistan as a State Sponsor of Wrongful Detention,’ Rubio said in a statement. ‘The Taliban continues to use terrorist tactics, kidnapping individuals for ransom or to seek policy concessions. These despicable tactics need to end.’

The secretary also called on the terror group to free a pair of Americans who are ‘unjustly detained’ in Afghanistan.

‘It is not safe for Americans to travel to Afghanistan because the Taliban continues to unjustly detain our fellow Americans and other foreign nationals,’ he said. ‘The Taliban needs to release Dennis Coyle, Mahmoud Habibi, and all Americans unjustly detained in Afghanistan now and commit to cease the practice of hostage diplomacy forever.’

Coyle, 64, was detained more than a year ago without charges by the Taliban General Directorate of Intelligence, according to his family, noting that he still has not been charged. His family said he was legally working to support Afghan language communities as an academic researcher.

Habibi, a 38-year-old American citizen who was born in Afghanistan, was taken along with his driver from their vehicle in the capital of Kabul in August 2022 by the Taliban General Directorate of Intelligence, according to the State Department.

The FBI said Habibi was previously Afghanistan’s director of civil aviation and worked for the Kabul-based telecommunications company Asia Consultancy Group. The FBI said the Taliban detained 29 other employees of the company but has released most of them.

Habibi has not been heard from since his arrest, and the Taliban has not disclosed his whereabouts or condition, according to the State Department and FBI. The Taliban has previously denied it detained Habibi.

The U.S. is also calling for the return of the remains of Paul Overby, an author who was last seen close to Afghanistan’s border with Pakistan in 2014, according to Reuters, citing two sources familiar with the situation.

The State Department could restrict the use of U.S. passports for travel to Afghanistan if the Taliban does not meet the U.S. government’s demands, the sources told the outlet.

A passport restriction of this kind is currently only in place for North Korea.

The Taliban called the decision by Rubio to designate Afghanistan a ‘state sponsor of wrongful detention’ regrettable, adding that it wanted to resolve the matter through dialogue.

The Taliban took control of Afghanistan in 2021 during the U.S. military’s chaotic withdrawal from the country that ended the 20-year war in the region.

Rubio gave the ‘state sponsor of wrongful detention’ designation to Iran late last month, just one day before the U.S.-Israeli strikes on the country. He warned that the U.S. could restrict travel to Iran over its detention of U.S. citizens, but there have not been any restrictions yet.

‘The Iranian regime must stop taking hostages and release all Americans unjustly detained in Iran, steps that could end this designation and associated actions,’ Rubio said at the time.

Reuters contributed to this report.

This post appeared first on FOX NEWS

Canada is a premier destination for mineral exploration and mining, but the nation’s exploration-stage companies are still struggling to attract investment dollars.

The country’s appeal is showcased in the Fraser Institute’s most recent Annual Survey of Mining Companies, which tracks the investment attractiveness of global mining jurisdictions. It places the Canadian provinces of Ontario and Saskatchewan among the world’s top mining jurisdictions, behind only Nevada.

The Canadian mining industry “serves as a proxy for the global (mining) industry” as it is home to “the largest concentration of public mineral companies in the world,” with Toronto at “the center of the mining finance universe,” said Douglas Silver, partner and senior advisor at Benwerrin Investment Partners, during his presentation at this year’s Prospectors & Developers Association of Canada (PDAC) convention, held last week.

Jeff Killeen, director of policy and programs for PDAC, shared similar sentiments in his own presentation, telling conference attendees, “Almost 30 percent of every dollar raised somewhere in the world for the (mining) sector comes through the Canadian marketplace: the TSX, the Venture and the CSE.”

Canada’s unique tax incentives crucial for mining investment

Canada owes its leading position in the global mining industry to its large landmass and abundance of natural resources. However, both Silver and Killeen pointed out that the nation’s flow-through share tax incentive — unique to Canada — is also “incredibly critical” to the success of the natioin’s mining sector.

Flow-through shares are a highly specialized financing tool that allow resource companies to transfer eligible exploration and development expenses to investors, who then deduct them from their own taxable income.

Under the Mineral Exploration Tax Credit (METC), funds generated from this type of capital raise must be put into a project within 18 months. There’s also the Critical Mineral Exploration Tax Credit (CMETC), which applies to critical minerals used for batteries and magnets, including rare earths, nickel, uranium, lithium and graphite, among others.

Generational shift shrinking pool of mining investors

Although Canada dominates the global mining finance sector and is teeming with multiple types of mineral deposits, it’s becoming increasingly difficult for the nation’s exploration-stage companies to attract investment dollars.

The tight financial landscape for today’s explorers stems in part from both a complex regulatory system that limits the areas open to mining activity, and a lack of proper infrastructure in the more remote regions of the country. Both of these shortcomings strike at the heart of perceived jurisdictional risk for both retail and institutional investors.

During his presentation, Killeen highlighted a few of the key financing trends affecting access to capital in the mineral industry, noting that last year saw a dramatic uptick in investment in the mining sector.

Where is capital originating from? Most of it was equity raised through private placements, which poses a problem as it represents a very narrow investor base that consists of friends and family of the management team and strategic investors that probably already own shares in the company.

“That just tells us that we’re not broadening the investor base. We’re not pulling in more investors. There’s no more new retail folks coming in investing in shares in Canada. This tells us that we’re in a very risky balance in terms of who actually can fund the sector through the next generation,” he warned the PDAC audience.

“There is a lesser population of retail investors as time goes on. You know that the Boomer generation is going away in terms of an investment pool, and the next generation isn’t necessarily replicating that.”

Silver also views the generational shift in the investment landscape as a problem for raising money in the mining industry. “There’s no question from what I’ve read and heard that the younger generations don’t pick individual stocks. They tend to lean towards ETFs or crypto or other stuff,” he said. “Crypto is definitely competing with mining.”

Gold grabbing all the dollars

Canada’s minerals industry did experience a strong rebound in terms of equity investment in 2025, but it was heavily targeted at producers and developers with large-scale, near-production projects. Gold dominated, but investment also increased in projects associated with critical minerals like lithium, nickel, copper and graphite.

“How much is going to the bottom end, to those sub-$100 million market cap companies, the lion’s share of the junior explorers that are out there? Well, in the Canadian marketplace, only about 10 percent of every dollar raised is getting down to those size of companies,” explained Killeen, highlighting the discrepancy.

In his view, the lack of investment over the past decade is bringing about a decline in grassroots exploration.

Gold is grabbing many mineral investment dollars, not only because its price is surging to unprecedented highs, but also because there’s a faster return on investment compared to other metals. Killeen said that’s due to the fact that gold mining doesn’t require large amounts of infrastructure such as railways and ports.

“In some cases, you don’t need roads. The capital to develop a gold mine might be one-sixth of, one-10th of or one-20th of a copper mine or a zinc mine,” he commented. “So the rate of return for the average investor who’s looking at an exploration stock saying, ‘Could I get money back into this? Could I get value back into this?’ Today that timeframe is much shorter, and the capital to bring it to market is much lower.”

Looking at copper, which is much more capital intensive, Killeen said production is down nearly 30 percent from seven or eight years ago. Reserves are also down, even though rising copper prices have resulted in more resources being upgraded to reserves. Silver agreed with that take — his research shows that the Canadian mining industry is overflowing with gold companies. Of the 1,555 mining companies in Canada in 2024, 42 percent of them were gold-focused firms compared to only 17 percent for copper, the second highest amount.

“So why do we have so many gold companies? I think the answer is pretty obvious to me, which is if you want to build a porphyry copper mine, you’ve got to go raise $5 (billion) or $10 billion,” said Silver. “That’s very difficult in the mining industry, because we just don’t have that much gross capital available to us relative to what some of the other industries have … but you can build a gold mine for a couple hundred million (dollars).’

Despite the massive focus on gold, Killeen and Silver both noted that Canada is actually seeing increasing exploration activity for rare earths, lithium, cobalt, graphite and uranium.

Improving the investment case for Canada’s juniors

Killeen said PDAC and its members are pushing for the Canadian government to make the METC and CMETC permanent to bring more investment into mineral exploration in greenfield regions and making new discoveries.

Last year, flow-through shares generated C$1.6 billion in investment into the sector, according to Silver’s research, or about 76 percent of funding received by mineral exploration companies in Canada.

“When you look at the role of Canadian flow through, it’s so incredibly critical to Canadian mining,” he said. Silver too is advocating for the mining industry and investors to “fight for flow through way more than you do.’

To address infrastructure challenges for bringing critical metals projects into production sooner for a quicker return on investment, Killeen suggested more pension funds investing in Canada and easing government regulations.

“We need them cooperating together with the federal government to develop major infrastructure that doesn’t exist beyond 100 kilometers from the border,” he said.

Killeen noted that “the world is changing” and governments, including Canada’s, are becoming more focused on securing domestic sources of critical minerals. For example, at PDAC, Tim Hodgson, Canada’s minister of energy and natural resources, announced a C$3.6 billion suite of investments targeting the critical minerals sector.

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

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Copper prices surged through 2025 and into 2026, placing the red metal firmly back into the spotlight as concerns about a looming global supply shortfall mount among market watchers.

Analysts say the tightening outlook reflects a powerful mix of rising demand — driven by urbanization, the energy transition and the rapid expansion of artificial intelligence infrastructure — against a backdrop of stagnant mine supply.

Speaking at the Benchmark Summit, held in Toronto on March 2, Carlos Piñeiro Cruz, principal copper analyst at Benchmark Mineral Intelligence, outlined the key forces shaping the copper market in the near term, while warning that structural supply challenges could intensify over the coming decade.

Copper supply side increasingly tight

It would be a lie to suggest that the copper supply and demand situation is tenable.

In 2025, mining disruptions led to significant declines in output. Cruz noted that production in Q4 2024 exceeded that of any quarter in 2025; in fact, the sector lost around 1 million metric tons (MT) of output in total.

Much of the reduction was due to unforeseen situations, such as the mudslide at Freeport-McMoRan’s (NYSE:FCX) Grasberg in Indonesia, seismic events at Ivanhoe Mines’ (TSX:IVN,OTCQX:IVPAF) Kamoa-Kakula in the Democratic Republic of the Congo and worker strikes at BHP’s (ASX:BHP,NYSE:BHP,LSE:BHP) Escondida in Chile.

While the operations will eventually recover, the incidents come at a time when the copper market is increasingly tight and is expected to enter into a supply deficit in the coming years.

Cruz is predicting copper production growth of 1.5 percent in 2025, suggesting that the growth rate is behind what is expected from refined copper demand. The majority of the increase will come from mines returning to normal operations, with additional amounts from projects or expansions that began ramping up in 2025.

Cruz stated that pre-disruption growth was originally forecast at around 2 million MT in 2026, but has since been downgraded by around 700,000 MT, with the majority of the reduction coming from Escondida.

“We see that supply coming in this year will be highly skewed towards H2 as mines recover, with a 9 percent increase between Q1 and Q4, with most of this growth coming from South America, Africa and Asia, ex-China,” Cruz said.

From there, he expects growth to stabilize in 2027 at a much higher rate than this year, with Africa to experience a faster growth rate than the overall market. In the long run, Cruz predicts a compound annual growth rate of 0.9 percent between 2025 and 2035, with copper output peaking in 2033 at 27 million MT.

Copper demand drivers to watch

One of the main areas Cruz focused on was the acceleration of demand driven by the energy transition, artificial intelligence and technology. A lot of the new demand is coming from electric vehicles (EVs) — while the amount of copper in each EV is seen declining, demand growth will remain strong as sales increase.

“We do think that copper density on EVs is going to go down substantially. From 2010 to 2035, it’s going to go from 85 kilograms per unit to 64 kilograms per unit. In spite of this, we still think that copper demand from battery EVs and hybrid vehicles will grow substantially from around 2.3 million MT in 2025 to 6 million MT in 2035,” Cruz said.

It’s not just EVs, other technologies like artificial intelligence, data centers and communications are placing additional strains on the electrical infrastructure. Increasing demand for new power lines, electrical generators and energy storage is further bolstering downstream demand for copper.

“We anticipate demand from these particular sectors will grow from around 10 million MT in 2025 to 14 million MT in 2035. With most of the demand coming from energy transmission and generation,” Cruz said.

He went on to explain that transmission and generation account for 77 percent of the anticipated growth.

Cruz thinks energy demand has been overshadowed by the growth in data centers, where he suggested that copper demand will increase by only about 400,000 MT between 2025 and 2035.

“Of the growth I told you about from EVs with almost 4 million MT, or the demand from energy infrastructure with a little less than 3 million MT, it’s not that impressive. Although it still adds up to a substantial growth,” he said.

100 new copper mines by 2035?

The key takeaway from Cruz’s presentation was that a copper supply gap is developing. While he pointed out that the annual supply growth rate will come in at around 1 percent, demand is nearly double at 1.9 percent.

“This basically means that with the mines that currently exist, plus the projects that are under construction, we expect to see a difference in what needs to be mined and what will be mined in 2035 of around 7.4 million MT,” he said.

When probable projects are factored in, the supply gap narrows, but a 2.2 million MT shortfall still exists. However, these additional projects are not guaranteed. Cruz suggested that to avoid shortfalls, 100 new mines with output in the 75,000 MT range need to be built by 2035 — but this won’t be an easy task. Of the 10 largest mines in the world, only two were built after 2010; meanwhile, many of the others are decades or over 100 years old.

One reason new mines are scarce is long permitting processes, but Cruz also acknowledged that newly found large-scale deposits are at greater depths and lower grades. This has led to a scarcity of greenfield projects, with most growth coming from expansions at existing mines, a trend Cruz expects to continue over the coming years.

“Looking ahead, we expect this trend to continue to the point that we anticipate that by 2031, new production from greenfield projects will be half of what it was in 2011,” he said.

Additionally, Cruz said the copper market is becoming increasingly bifurcated, with China set to be a dominant force in both production and refinement of the red metal moving forward.

“The supply gap, or the future copper shortage, is something that the industry has been warning about for years now. The truth is, it seems not a lot of people are paying attention to it, but China has,” he said.

Cruz explained that China’s involvement in the Democratic Republic of Congo was the result of extensive planning and considerable investment. In fact, Chinese companies have collectively surpassed western producers and are securing their own supply chain.

Investor takeaway

Overall, Cruz believes the copper sector is well positioned for investment.

While he has some concern that smelting capacity is nearing saturation, he expects the situation to return to balance by 2031 and thinks that competition for concentrate will keep producer costs lower until then.

The combination of low treatment charges, high copper prices and even higher by-product gold, silver and molybdenum prices has helped increase margins and profitability for operators.

“We think that the market is in a very good position right now for miners at least. You could argue that for smelters it’s good as well despite the treatment and refinement charges, and we think that if these factors last a little bit longer, we expect some of these projects to bring the copper that humanity needs,” Cruz said.

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

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