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China has launched its first next-generation amphibious assault ship, adding a powerful cutting-edge warship to the country’s fast-expanding navy as it races to rival the military power of the United States.

The Type 076 amphibious assault ship entered the water on Friday at a launch ceremony at a shipyard in Shanghai, the People’s Liberation Army Navy (PLAN) said in a statement.

Named Sichuan after a southwestern Chinese province, the independently developed ship is hailed as a “key asset” for advancing the Navy’s transformation and enhancing its long-range operational capabilities, according to the statement.

China, which already boasts the largest naval force in the world, is building carriers and large warships at a staggering pace as it seeks to project power far beyond its shores and catch up to the military supremacy of the US.

With a full-load displacement of over 40,000 tons, the Type 076 ranks among the world’s largest amphibious assault ships, featuring a twin-island superstructure and a full-length flight deck, according to the PLAN.

Most notably, it adopts an electromagnetic catapult system, which allows it to carry fixed-wing aircraft along with helicopters and amphibious equipment usually found on this type of warship, the PLAN added.

The electromagnetic catapult system will enable the Type 076 to launch larger and heavier aircraft than it could without the technology. That means the aircraft can carry more fuel – expanding their range and that of the ship as a fighting platform – and more bombs or missiles, making the aircraft themselves more lethal.

Only one other warship in service worldwide, the US Navy’s newest aircraft carrier, the USS Gerald R Ford, employs the electromagnetic catapult system.

China’s newest aircraft carrier, the Fujian, which is in sea trials and has yet to be commissioned, also has an electromagnetic system.

The US Navy’s amphibious assault ships feature the F-35B, a short-takeoff and vertical landing variant of the stealth fighter jet used by the US Navy, Marine Corps and Air Force.

As far as is known the PLA Navy doesn’t have a manned equivalent to the F-35B, so it may deploy the same fixed-wing aircraft as the Fujian.

But a report earlier this year from the Center for Strategic and International Studies says the Type 076 could be used as a massive drone platform.

“If it is limited to unmanned systems, the Type 076’s air wing will be highly capable. China boasts an advanced and growing arsenal of UAVs, including the GJ-11 stealth combat drone, the WZ-7 reconnaissance drone, and the CASC Rainbow strike UCAV, among others,” says the August report from the CSIS, which was based on satellite imagery of the ship under construction.

As for the Type 076’s other capabilities, the CSIS report says it’s expected to have complements of helicopters and amphibious landing craft, the latter capable of deploying more than 1,000 marines.

The CSIS report says that with the ship’s large size, it should be able to carry more of everything than China’s smaller Type 075 amphibious assault ships, the US Navy’s America-class amphibious assault ships and Japan’s Izumo-class helicopter carriers, which are being converted to carry the F-35B.

Carl Schuster, a military analyst and former US Navy captain, said size makes a big statement when it comes to the Type 076.

“That shows a PLA Navy commitment to expeditionary and amphibious warfare and an expanding capability to do so,” he said, adding that it says something about the competition between the world’s two biggest naval powers, China and the United States.

“It demonstrates China’s growing maritime power projection capability at a time when the US Navy’s commitment and capability for expeditionary, amphibious and humanitarian assistance missions has diminished significantly,” said Schuster, a former a director of operations at the US Pacific Command’s Joint Intelligence Center.

This post appeared first on cnn.com

Staff at a hospital in northern Gaza say the building has been surrounded by Israeli forces and they are being ordered to evacuate along with all patients, after reports of a nearby airstrike that the local health ministry said killed about 50 people.

Israeli forces “are besieging Kamal Adwan Hospital and issuing orders for its evacuation,” hospital director Dr. Hussam Abu Safiya said in a post on social media early on Friday.

Earlier on Friday, a video shared by nurse Walid Al Budi, who is also inside the hospital, showed a fire burning in the archive department of the hospital. Heavy gunfire can be heard in the background.

The hospital and its surroundings have come under an onslaught of Israeli attacks in recent months, Dr. Abu Safiya has said. Late on Thursday, about 50 people, including five medical workers, were killed after Israeli strikes nearby, according to the Ministry of Health in Gaza and Dr. Abu Safiya.

“There are approximately 50 martyrs, including three of our medical staff, under the rubble of a building opposite Kamal Adwan Hospital after an airstrike by the occupying forces,” said Dr. Abu Safiya said.

Among the three hospital workers killed was paediatrician Dr. Ahmed Samour, who was on duty on Thursday but went to the building opposite the hospital – where he and his family live – when the strike hit, said Dr. Abu Safiya. A lab technician and a maintenance worker were also killed.

Two paramedics were killed in a strike near the hospital while on their way there, the director said. “Their bodies remain in the street where no one can reach them,” he added.

“The number of casualties reported in the media does not align with the information held” by the Israeli military, it said.

Israeli forces launched a renewed aerial and ground incursion in several parts of northern Gaza in early October this year, saying they were targeting a resurgent Hamas presence there. The two-month onslaught has razed streets to carpets of debris, killed entire families, and severely depleted food, water and medical stocks.

Earlier on Thursday a Palestinian nurse was left fighting for his life with a fractured skull after Israeli forces detonated a robot in front of the hospital, the Ministry of Health in the enclave said.

Israel says that Hamas operates inside and underneath hospitals, and is using them for military operations, including as command centers, weapons stores and to hide hostages. The Israelis have released footage they say is evidence of those Hamas operations. The videos do not offer definitive proof, and Hamas has denied the claims.

The World Health Organization (WHO) has previously said that Israeli authorities have repeatedly denied humanitarian access to Kamal Adwan Hospital and just this week said that a request to deploy and international emergency medical teams was denied by Israeli authorities, “despite the need for immediate surgical interventions for injured patients.”

Israeli organization Physicians for Human Rights has filed an urgent petition with Israel’s Hight Court “demanding an immediate cessation of ongoing attacks on Kamal Adwan Hospital in northern Gaza,” a statement from the organization said on Wednesday.

The “petition presents grave evidence of the catastrophic impact on the hospital and its staff over the past year,” the statement says.

“Evacuating Kamal Adwan Hospital would abandon thousands of residents in northern Gaza without access to medical treatment for the sick and injured. Many of the patients currently receiving care cannot be safely evacuated due to constant gunfire in the vicinity and the military’s restrictions on ambulance operations,” the Israeli human rights organization added.

Ibrahim Dahman contributed to this report

This post appeared first on cnn.com

The signs point to a Russian system striking Azerbaijan Airlines flight J2-8243 before it crashed near the city of Aktau, the US official said Thursday.

This is the first time the US has offered an assessment of Wednesday’s crash, which killed at least 38 of the 67 people aboard the plane.

If the early indications are ultimately confirmed, it may have been a case of mistaken identity, the US official said, in which poorly trained Russian units have fired negligently against Ukraine’s use of drones.

Officials from Azerbaijan, Kazakhstan and Russia urged people not to speculate about the crash until investigations have concluded.

A commission has been set up to investigate the crash, involving representatives from Kazakhstan, Azerbaijan and Russia, Kazakhstan’s Deputy Prime Minister Kanat Bozumbayev said. However, law enforcement agencies of Russia and Azerbaijan will not be allowed to conduct a forensic investigation, he said, according to Kazakh state media.

Here’s what we know about the crash so far.

What was the route of the plane?

The plane was traveling from the Azerbaijani capital Baku to Grozny, the capital city of the southern Russian republic of Chechnya, before it made an emergency landing approximately 3 kilometers (1.8 miles) from Aktau, Azerbaijan Airlines said on Wednesday.

Russian state media reported that the plane was rerouted due to heavy fog in Grozny.

According to flight-tracking website Flightradar24, the plane set off on Wednesday at 7:55 a.m. Azerbaijan Standard Time (10:55 p.m. Tuesday ET) and crashed about two-and-a-half hours later.

Officials did not immediately explain why the plane had crossed the Caspian Sea, when Baku and Grozny are to its west and Aktau is to its east.

A second black box had been recovered at the crash site, state news agency Kazinform reported Thursday, which authorities hope will provide important information to help investigators determine what happened.

It will take about two weeks to read the black boxes found at the scene, Bozumbayev said, according to Kazakh state media.

Kazakhstan’s Minister of Transport Marat Karabayev said Thursday that a Kazakh control center received a signal from Russia around 45 minutes before the plane crashed, saying that the flight was being diverted.

The Russian dispatcher said that the aircraft was experiencing a failure in its control systems, and that the crew decided to fly to Aktau after receiving reports of bad weather, Karabayev said. The dispatcher later said that an “oxygen tank exploded in the passenger cabin, causing passengers to lose consciousness,” according to Karabayev.

While the crew made two landing approaches at Aktau airport, the aircraft deviated from its course, and lost communication with dispatchers when it crashed, Karabayev said.

Flightradar24 said in a social media post that the aircraft was “exposed to GPS jamming and spoofing near Grozny.” GPS jamming can significantly hinder a plane’s ability to navigate and communicate, Flightradar24 said, creating potential safety risks.

Data and video of the crash also “indicate possible control issues with the aircraft,” Flightradar24 said.

How many survived the crash?

At least 38 of the 67 people on board the plane were killed in the crash, Kazakh authorities confirmed, including two pilots and a flight attendant.

Some 29 survivors, two of whom are children, were pulled from the wreckage, Bozumbayev said.

Of those on board, 37 of the passengers were Azerbaijan citizens and 16 were from Russia, along with six from Kazakhstan and three from Kyrgyzstan, according to preliminary data from Kazakhstan’s transport ministry.

On Thursday, Kazakhstan’s Vice Minister of Health Timur Muratov said nine Russian citizens and 14 Azerbaijani citizens had been repatriated to their respective countries, according to Kazakh state media.

Six patients were still being treated in Aktau, including three Azerbaijani citizens and three Kyrgyz citizens, he said. Four of those six are in the intensive care unit, while the condition of one patient remains extremely serious and unstable, he added.

What caused the crash?

Video and images of the plane after it crashed show perforations in its body that look similar to damage from shrapnel or debris. The cause of these holes has not been confirmed.

Azerbaijan Airlines initially told AZERTAC that the incident was caused by the aircraft colliding with a flock of birds, the outlet reported. Russia’s Federal Air Transport Agency also said the plane crashed after colliding with birds.

However, Andriy Kovalenko, the head of Ukraine’s Center for Countering Disinformation, part of the National Security and Defense Council of Ukraine, disputed this, claiming on social media that the plane was “shot down by a Russian air defense system.”

The crash came shortly after Ukrainian drone strikes hit southern Russia. Drone activity has shut airports in the area in the past and the nearest Russian airport on the plane’s flight path was closed on Wednesday morning.

“Russia should have closed the airspace over Grozny but failed to do so,” Kovalenko said, speculating that authorities will try to cover up the real reason behind the crash, including the holes in the plane, as it would be “inconvenient” to blame Russia.

Justin Crump, an intelligence, security and defense expert and the CEO of risk advisory company Sibylline, told BBC Radio 4 on Thursday that the plane being fired at by Russia is “the best theory that fits all the available facts that we know of.” Crump added that Russian air defenses were active in Grozny around the time that the plane was damaged.

“I don’t think this is deliberate at all,” he noted, pointing out that Russia is “very worried” about longer-range active Ukrainian drones that are “very often not getting shot down.”

Osprey Flight Solutions, a UK-based company that analyzes security risks in the aviation sector, also said in an alert to airlines that the flight “was likely shot down by a Russian military air-defense system,” according to The Wall Street Journal.

What are authorities saying?

Kremlin spokesman Dmitry Peskov said on Thursday that it would be wrong to speculate about the cause of the crash before an investigation has been carried out, according to Russian state media RIA Novosti.

Maulen Ashimbayev, chairman of Kazakhstan’s senate, said Thursday that “the nature of these damages and the causes of the disaster are currently unknown.”

Brazilian authorities and representatives of the plane’s manufacturer Embraer are expected to arrive in Kazakhstan, according to Azerbaijan’s state news agency, as authorities begin the process of piecing together the events leading up to the crash.

“We have preserved the wreckage of the plane at the scene of the accident in the same condition as it crashed. The area is fenced off. No one will enter. This will help them investigate the incident as required,” Bozumbayev said, according to Kazakh state media.

Kazakhstan’s Vice Minister of Transport Talgat Lastayev said experts were due to arrive in the country on Friday and that “this process is underway now – fragments, details are being collected,” according to state news agency Kazinform.

Bozumbayev said that “even the preliminary cause cannot be determined yet, as specialists are needed for that.”

“They will conduct the work, and then it will be clear,” Bozumbayev said Thursday.

Bozumbayev also said they had not received accounts of the accident from Russia or Azerbaijan. “Therefore, it is impossible to refute any version,” he said, according to Kazinform.

This post appeared first on cnn.com

German President Frank-Walter Steinmeier on Friday dissolved the country’s lower house of parliament to pave the way for snap elections on February 23 following the collapse of Chancellor Olaf Scholz’s three-way coalition.

“Especially in difficult times, like now, stability requires a government capable of acting, and reliable majorities in parliament,” which was why early elections were the right way forward for Germany, Steinmeier said in Berlin.

After the elections, problem-solving must become the core business of politics again, added Steinmeier in a speech.

The president, whose post has been largely ceremonial in the post-war era, also called for the election campaign to be conducted fairly and transparently.

“External influence is a danger to democracy, whether it is covert, as was evidently the case recently in the Romanian elections, or open and blatant, as is currently being practiced particularly intensively on (social media) platform X,” he said.

Scholz, a Social Democrat who will head a caretaker government until a new one can be formed, lost a confidence vote in parliament earlier this month after the departure of Finance Minister Christian Lindner’s Free Democrats left his unwieldy governing coalition without a legislative majority.

The vote also kicked off election campaigning in earnest, with conservative challenger Friedrich Merz, who surveys suggest is likely to replace Scholz, asserting that the incumbent government had imposed excessive regulations and stifled growth.

The conservatives hold a comfortable lead of more than 10 points over the SPD in most polls. The far-right Alternative for Germany (AfD) is slightly ahead of Scholz’s party, while the Greens, a coalition party, are in fourth place.

The mainstream parties have refused to govern with the AfD, but its presence complicates the parliamentary arithmetic, making unwieldy coalitions more likely.

This post appeared first on cnn.com

At least 10 people were killed and several wounded when a Nigerian military fighter jet pursuing bandits in two villages mistakenly bombed civilians in the northwestern state of Sokoto on Wednesday, the state governor Ahmed Aliyu said.

“The military jets were on their mission to eliminate criminal armed groups terrorizing the state, and mistakenly bombed innocent people of this community,” Aliyu said in a statement.

Aliyu added that the state will collaborate with other authorities to investigate the military operation that killed people in the villages of Gidan Sama and Rintuwa in the Surame local government area.

The military late on Wednesday said it had struck targets in the vicinity of Gidan Sama and Rumtuwa identified as associated with the Lakurawa group, but did not provide any details on civilians affected.

Last month, the military warned of a new insurgent group, Lakurawas, infiltrating the country’s northwest region from neighboring Niger and Mali.

Wednesday’s deadly air assault occurred at around 0500 GMT after two military jets dropped bombs in the villages, the local government chairman said.

There is widespread insecurity in northwest Nigeria, while a 15-year Islamist insurgency has plagued the northeast of the country and gang and separatist violence affects the southeast.

This post appeared first on cnn.com

Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and construction spending, ahead of this week’s key labor data releases.

November was a standout month for equities, with the S&P 500 futures rallying to reflect the index’s best monthly performance of the year. Both the S&P 500 and Dow Jones Industrial Average achieved all-time highs during Friday’s shortened trading session, with the Dow briefly surpassing 45,000. Small-cap stocks also saw robust gains, with the Russell 2000 index surging over 10% in November, buoyed by optimism around potential tax cuts.

As trading kicks off in December, investors are keeping a close eye on geopolitical developments in Europe, where France’s CAC 40 index dropped 0.77% amid political concerns, while Germany’s DAX and the U.K.’s FTSE 100 showed smaller declines.

S&P 500 futures will likely continue to act as a key barometer for market sentiment, particularly as traders assess the impact of upcoming economic data and global market developments.

S&P 500 Index Chart Analysis

This 15-minute chart of the S&P 500 Index shows a recent trend where the index attempted to break above the resistance level near 6,044.17 but retraced slightly to close at 6,032.39, reflecting a minor decline of 0.03% in the session. The candlestick pattern indicates some indecisiveness after a steady upward momentum seen earlier in the day.

On the RSI (Relative Strength Index) indicator, the value sits at 62.07, having declined from the overbought zone above 70 earlier. This suggests that the bullish momentum might be cooling off, and traders could anticipate a short-term consolidation or slight pullback. However, with RSI above 50, the overall trend remains positive, favoring buyers.

The index’s recent low of 5,944.36 marks a key support level, while the high at 6,044.17 could act as resistance. If the price sustains above the 6,020 level and RSI stabilizes without breaking below 50, the index could attempt another rally. Conversely, a drop below 6,020 could indicate a bearish shift.

In conclusion, the index displays potential for continued gains, but traders should watch RSI levels and price action near the support and resistance zones for confirmation.

The post Stock Futures Lower after S&P 500 futures ticked down 0.18% appeared first on FinanceBrokerage.

Stock futures climbed on Wednesday, driven by strong performances from Salesforce and Marvell Technology, following upbeat quarterly earnings. Futures tied to the Dow Jones Industrial Average rose by 215 points (0.5%), while S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced by 0.7%.

Salesforce surged 12% after reporting fiscal third-quarter revenue that exceeded expectations, showcasing robust demand in the enterprise software sector. Meanwhile, chipmaker Marvell jumped 14% after surpassing earnings estimates and providing optimistic fourth-quarter guidance, indicating resilience in the semiconductor industry.

This movement follows a mixed session on Wall Street, where the S&P 500 and Nasdaq closed with small gains, while the Dow dipped slightly. The broader market has experienced a modest start to December, contrasting with November’s robust rally, but analysts anticipate a resurgence in momentum. LPL Financial’s George Smith pointed out that December historically sees strong market performance, particularly in the latter half of the month.

However, economic data introduced some caution. ADP’s report revealed that private payrolls grew by just 146,000 in November, missing estimates of 163,000. This signals potential softness in the labor market, with investors now awaiting Friday’s November jobs report for further clarity.

S&P 500 Index Chart Analysis

Based on the provided stock chart, which appears to be a 15-minute candlestick chart for the S&P 500 Index, here’s a brief analysis:

The chart shows a clear upward trend, with higher highs and higher lows indicating bullish momentum over the analyzed period. The index has steadily climbed from a low of approximately 5,855 to a recent high of 6,053.58, suggesting strong buying interest.

Key resistance is observed near 6,050-6,053 levels, as the price has struggled to break above this zone in the most recent sessions. If the index breaches this level with strong volume, it could lead to further upward movement. Conversely, failure to break out may lead to a pullback, with potential support around the 6,000 psychological level and 5,980, where consolidation occurred previously.

The candlestick patterns show relatively small wicks, indicating limited volatility, which could imply steady market confidence. However, the bullish rally could be overextended, warranting caution for traders, especially if any negative catalysts emerge.

In summary, the short-term trend is bullish, but traders should monitor resistance levels and volume for signs of a breakout or reversal. It’s also essential to watch broader market factors, as indices are often influenced by macroeconomic data and sentiment.

The post S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7% appeared first on FinanceBrokerage.

American Rare Earths Limited (ARR) (ASX: ARR | OTCQX: ARRNF, AMRRY) is pleased to announce that its wholly owned subsidiary, Wyoming Rare (USA) Inc., has secured a facility at the Western Research Institute in Laramie, Wyoming. This significant development marks a key step forward in the company’s efforts to progress the Halleck Creek Rare Earths Project and enhance its operational capabilities in the region.

This follows the recent award of a USD $7.1 million grant from the State of Wyoming to support the advancement of the company’s rare earth processing initiatives. The facility, situated in a strategic location, will serve as a hub for exploration, processing, and future development activities, enabling the company to align its efforts with state-backed initiatives to bolster critical mineral development.

Key Features of the Facility and Partnership:

  • Centralised Operations: The facility will house all drill core and assay samples collected to date, providing a central location for streamlined operations.
  • Future Pilot Plant Site: The space will accommodate the construction of a pilot plant, advancing the development and testing of processing capabilities for the project.
  • Collaboration: This partnership lays the groundwork for further synergies, leveraging the Western Research Institute’s expertise.

The Western Research Institute, located in Laramie, Wyoming, is a multi-million dollar, not-for-profit, research organisation renowned for work in advanced energy systems, environmental technologies and materials research and technologies. Their Headquarters and Advanced Technology Centre includes laboratories, pilot facilities and room for new development.

“This is an exciting milestone for the company and our progression of the Cowboy State Mine at Halleck Creek,” said Joe Evers, President of Wyoming Rare (USA) Inc. “The support of the State of Wyoming and our collaboration with the Western Research Institute highlights Wyoming’s commitment to becoming a leader in critical minerals development. This facility helps to advance our mission of onshoring critical mineral supply chains for the USA while highlighting Wyoming’s position a leader in critical minerals and rare earth elements.”

Click here for the full ASX Release

This post appeared first on investingnews.com

Hertz Energy Inc. (“Hertz” or the “Company”) (CSE: HZ; OTCQB: HZLIF; FSE: QE2) is pleased to provide an update on the Company’s critical minerals projects, including antimony, lithium, and uranium and announces proposed financing.

ANTIMONY

The Company is focused on exploring its two antimony projects aggressively with use of Quebec Critical Minerals Flow thru funds at the Harriman Antimony Project in Quebec and Canadian Flow thru funds at its Lake George Antimony Project in New Brunswick.

LAKE GEORGE ANTIMONY PROJECT: NEW BRUNSWICK, CANADA

The Property is located in the southwestern part of the Province, approximately 30 km southwest of the city of Fredericton.

The Property is comprised of 93 mineral claims within two claim blocks recently staked by the Company for a total area of approximately 2,104.5 hectares. The Property surrounds the past-producing Lake George Antimony Mine (‘Lake George Mine‘) and is considered an exploration-stage Antimony-Gold (Sb-Au) prospect located immediately along strike to the southwest and northeast, as well as downdip to the north of the historical Lake George Mine. The Property benefits from excellent road access, hydroelectric power, and nearby available personnel for field and exploration activities.

The Lake George Mine was formerly the largest antimony producer in North America with a long history of production spanning from 1876 to 1996. The mine closed in 1996 due to falling antimony prices. From 1972 to 1981, 34,417 tonnes of concentrate grading 65% to 66% Sb was produced from the first deposit. Then from 1985 to 1990, approximately 1 Mt grading 4% Sb was extracted from a second deposit (Caron, 1996). The mine also contained molybdenum (Mo), tungsten (W), and Au mineralization. Infrastructure on the Lake George Mine includes 3 shafts, underground development on 10 levels, some remaining surface buildings, and a tailings pond. The deepest level of the mine is approximately 400 m below the surface. The Lake George Sb-Au Mine currently represents one of the Top 3 antimony occurrences in the Province of New Brunswick. More info can be found at: https://hertz-energy.com/lake-george-project/

HARRIMAN ANTIMONY PROJECT:QUEBEC, CANADA

The Harriman Property is an exploration stage antimony project located approximately 17 km northeast of the town of New Richmond in the Gaspé Region of Québec (Figures 1, 2). The Gaspé Region is known for a variety of significant mineral deposits, most notably the Mine Gaspé Copper Mine, currently being developed by Osisko Metals. The Harriman Property benefits from good road access, hydroelectric power, port access, and nearby available manpower.

The Harriman Property is strategically located at the intersection of the major ENE trending Restigouche Fault and Grand Pabos Fault with a second order northeast-trending fault hosting numerous antimony and gold showings (Figure 3).

The Property was developed by compiling and reviewing historical antimony (Sb) and gold (Au) showings from the Québec government geoscientific database known as SIGÉOM. The Property area was defined by a series of four antimony showings, all hosted along a northeast-trending fault structure (Figure 4). Historical results from the nearby showings along the northeast-trending fault include 2.32% Sb, 3.36 g/t Au (Harriman-2), 43.75 Sb, 3.4 g/t Au (New Richmond), 4.8% Sb, 7.89 g/t Au and 15.35% Sb (Harriman-4 Sud) (source: SIGÉOM).

The Harriman Property of Hertz includes the Harriman-4 Sud showing returning 15.35% Sb and 0.07 g/t Au from a historical grab sample of a massive stibnite vein in altered sediments. The nearby Harriman Gold occurrence, located 300 m to the northwest, returned an assay of 22.4 g/t Au from a grab sample. These showings and much of the property have had limited previous exploration and has not had any historical drilling.

Hertz Energy has completed a program of geological mapping and prospecting. The crew’s focus was in the area of favourable geology, particularly surrounding the historical showings as well as stream sediment and prospecting for new antimony and gold showings. Results are expected in the coming weeks. More info can be found at: https://hertz-energy.com/harriman-antimony-project/

LITHIUM PROJECTS

AGASTYA LITHIUM PROJECT:QUEBEC, CANADA

The Agastya Lithium Property is comprised of 209 mineral claims covering approximately 10,650 hectares located in the Province of Québec and consists of three non-contiguous claim blocks along the greenstone belt that hosts the Adina, Trieste, and Galinée properties. These adjacent properties are known for their significant LCT (Lithium-Cesium-Tantalum) pegmatite potential hosted within greenstone/ metasediment packages:

  • Loyal Lithium – Trieste Lithium Project: Discovery of six spodumene-bearing pegmatites including a significant drilling result of 31.8 m at 2.2% LiO.
  • 50% Azimut Exploration / 50% SOQUEM JV – Galinée Lithium Property:Drilling results include 1.62% LiO over 158.0 m including 3.33% LiO over 29.6 m, and Galinée features a 20 km long lithium-cesium anomaly.
  • Rio Tinto/Midland Galinée Project: Spodumene-bearing pegmatite dykes discovered over several hundred metres along a 7 km favourable contact zone. Significant drilling results include 1.38% LiO over 37.86 m including 1.88% LiO over 21.35 m.

The Agastya Property covers the western extent of the greenstone belt that trends through Trieste, Adina, and Galinée. Greenstone belts are known to host LCT pegmatite mineralization and are commonly targeted by exploration companies as they are favourable hosts for lithium and other valuable metals including gold. Recent discoveries surrounding the Agastya Project have been announced by Azimut Exploration and Soquem at their Galine Project: I am running a few minutes late; my previous meeting is running over.

https://azimutexploration.com/site/assets/files/72…

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AC/DC LITHIUM PROJECT: QUEBEC, CANADA

The AC/DC property encompasses amphibolized mafic volcanics (greenstone) of the Rouget and Corvette Formations and plutons of the Vieux Comptoir Intrusive suite, similar to the geological setting that hosts both the Cancet and Corvette lithium projects. Both Cancet and Corvette are hosted by amphibolite rocks of Guyer Group, which is similar in age to the Rouget formation (Mesoarchean).

The northwest-trending mafic volcanics of Rouget and Corvette Formations and associated Vieux Comptoir suites continue northwest to the adjacent Rio Tino/Exploration Azimut Inc. and Rio Tinto/Exploration Midland Inc. project areas.

These are advanced rocks, typically characterized by a pegmatitic texture, a granitic composition and contain several minerals such as biotite, muscovite, tourmaline, garnet, beryl and spodumene. These rocks are also known to host K-feldspar granite phases in pegmatite form which may host an abundance of spodumene.

Based on the results of the remote sensing data analysis and processing twelve (12) anomalous target areas have been identified across the two properties.

  • 5 primary and numerous smaller secondary targets are identified at the AC/DC property.
  • 7 primary and numerous smaller secondary targets are identified at the La Fleur property.

Strike lengths of the individual target trends range in length from 1 to 15km in length and are between 100m to 1,000m in width and are generally oriented in a northeasterly trending direction.

Each of the anomalous trends contain numerous dyke-like structures identified from high resolution orthophotography. Individual dyke-like structures range in length between 20 –500m or greater, often occur in clusters and are generally noted to occur in conformant orientation to the target trends.

Hertz is aggressively advancing exploration at the AC/DC Project and will provide updates upon receipt of exploration results.

MAP OF AC/DC LITHIUM PROJECT AND RIO TINTO ADJOING KAANAAYAA PROJECT

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SNAKE LITHIUM PROJECT:

Hertz Energy reports that the Company will not be proceeding further with the Snake Lithium Project and has terminated its Option Agreement on the Snake Lithium Property.

NAMIBIA URANIUM PROJECT

Hertz Energy has submitted applications for two uranium Exclusive Prospecting Licenses (EPLs) in Namibia.

Namibia is a country of diverse geology and has one of the richest uranium mineral reserves in the world. There are currently two large operating mines, the Husab and Rossing mines, in the Erongo Region and five major exploration projects planned to advance to production in the next few years as the country embraces the green energy transition. Uranium mining in Namibia is of considerable importance to the national economy1. In 2023, Namibia produced the 3rd largest quantity of uranium worldwide at 6,382 tonnes, ranked only behind Kazakhstan and Australia2.

Hertz Energy Namibia Uranium Project

The application areas cover an area of 9,627.84 hectares located in Central Namibia in the Erongo Region which hosts numerous primary and secondary uranium deposits. Primary economic uranium is hosted mainly in sheeted D-type alaskites which occur both as cross-cutting dykes and as bedding and/or foliation-parallel sills. The sheets can amalgamate to form larger granite plutons or granite stockworks made up of closely spaced dykes and sills. The mineralized alaskites tend to occur at marked stratigraphic levels, often associated with the Khan-Rössing Formation boundary, or, where the Rössing Formation is missing, the Khan-Chuos/Arandis Formation boundary. Secondary uranium deposits occur in calcretes in the coastal plain of the Namib Desert. The deposits are associated with ancient river systems that flowed westward from the Great Escarpment during the upper Cretaceous and lower Cenozoic periods. Uranium mineralization is typically located in calcretised fluvial channels which tend to be buried with little or no obvious surface expression to identify them.

Licence Application EPL-10186

EPL-10186 is located 40 km northeast of the coastal town of Swakopmund. Most of the licence is covered by recent sand, gravel, scree and calcrete, with a few outcrops of mica schist, calc-silicate rock, marble and red granite. There are two prominent sub-surface water conduits/streams which in general, are believed to be geographically similar to where paleo-channels carrying uranium-rich waters would have flowed. Preliminary interpretation of regional airborne radiometric data from the Namibian Ministry of Mines and Energy indicates a strong and consistent radiometric anomaly trending northeast-southwest and coincident with the subsurface streams. The Company is targeting secondary uranium mineralization with potential for primary mineralization to the east of the application area. This is the similar style of mineralization found at ORANO’s Trekkopje Mine 6 kilometres north of EPL-10186 and Elevate Uranium’s Marenica deposit 40km to the north with a resource of 46Mlb U308 at a 93ppm U3O8 cutoff grade.

Licence Application EPL-10185

EPL-10185 is located 22 km east of the coastal town of Swakopmund. Its geology is comprised of units from the Kuiseb, Karibib, Arandis, Chuos and Khan Formations intruded by granodiorites and uranium prospective granites. Most of the western and central parts of the licence is under recent surficial cover made up of sand, gravel, scree, and calcrete. Preliminary interpretation of regional airborne radiometric data from the Namibian Ministry of Mines and Energy indicates radiometric anomalies coinciding with favourable geology for primary alaskite-hosted uranium mineralization. This is the similar style of mineralization found at Bannerman Energy’s Etango deposit located 15 km southeast of EPL-10185 as well as that at the Rossing Mine located 30km to the northeast. The Rossing Mine is one of the largest and longest operating uranium open cast mines in the world producing now for 46 years. In 2022, Rossing produced 2,659t U3O8 and currently has a feasibility study underway to extend the mine life beyond 20265.

Namibia has recently completed its political elections and On 3 December 2024, Netumbo Nandi-Ndaitwah of the ruling SWAPO party was declared the winner of the election. She is set to become Namibia’s first female president. The National Assembly elections saw SWAPO reduced to 51 seats, a bare majority of three. It was SWAPO’s weakest showing since Namibia’s independence in 1990. Incumbent president Nangolo Mbumba had not contested this election. Hertz Energy congratulates President Netumbi Nandi-Ndaithwah.

Hertz Energy EPL-10185 and EPL-10186 have been assessed by the Ministry of Mines and Energy are expected to be issued in Q1 of 2025.

Cautionary Statement: This news release contains scientific and technical information with respect to adjacent properties to the Company’s properties, which the Company has no interest in or rights to explore. Readers are cautioned that information regarding the geology, mineralization, and mineral resources on adjacent properties is not necessarily indicative of the mineralization potential on the Company’s properties.

Qualified Person Statement

All scientific and technical information contained in this news release was reviewed and approved by Paul Teniere, P.Geo., Technical Advisor of Hertz Energy, who is a ‘Qualified Person’ as defined in NI 43-101.

HERTZ ENERGY FINANCING

Hertz Energy is pleased to announce a non-brokered private placement offering of up to 5,000,000 units (the “Units”) at a price of C$0.25 per Unit for gross proceeds of up to $1,250,000 (the “Offering”). Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of C$0.45 per Common Share for a period of two years from the closing date of the Offering. The Warrants will be subject to an accelerated expiry, whereas anytime after four (4) months following the issue date of the Units that the closing price of the common shares of the Company on the Canadian Securities Exchange (the “CSE”) is equal to or above a price of C$0.55 for fourteen (14) consecutive trading days, the Company may file a notice to accelerate the expiry date of the Warrants to the date that is thirty (30) business days following the date of such notice. This placement is expected to close end of January 2025.

Hertz Energy also announces non-brokered private placement of up to 4,000,000 Quebec and Canadian National flow-through units of the Company (the “FT Units”) at a price of C$0.30 per FT Unit for gross proceeds of up to C$1.200,000 (the “Offering”). Red Cloud Securities Inc. (“Red Cloud”) will be acting as a finder for LaFleur Minerals on a “best efforts” basis under the Offering.

Each FT Unit will consist of one common share of the Company to be issued as a “flow-through share” (each, a “FT Share”) within the meaning of the Income Tax Act (Canada) (the “Income Tax Act”) and the Taxation Act (Québec) (the “Québec Tax Act”) and one common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of the Company (each, a “Warrant Share”) at a price of C$0.45 at any time on or before that date which is 24 months after the issue date of the FT Unit. The Warrants will be subject to an accelerated expiry, whereas anytime after four (4) months following the issue date of the FT Unit that the closing price of the common shares of the Company on the Canadian Securities Exchange (the “CSE”) is equal to or above a price of C$0.55 for fourteen (14) consecutive trading days, the Company may file a notice to accelerate the expiry date of the Warrants to the date that is thirty (30) business days following the date of such notice.

About the Company

Hertz Energy (CSE:HZ; OTCQB:HZLIF; FSE:QE2) is a British Columbia-based junior exploration company primarily engaged in the acquisition and exploration of energy and critical minerals properties. The Company’s lithium exploration projects include the AC/DC Lithium Project, and newly acquired Agastya Lithium Property in James Bay, Quebec. Hertz Energy also holds the Harriman Antimony Project in Québec and the Lake George Antimony Project in New Brunswick, Canada. Hertz Energy also has permit applications pending in Namibia for uranium exploration projects.

For further information, please contact Mr. Kal Malhi or view the Company’s filings at www.sedarplus.ca.

On Behalf of the Board of Directors

Kal Malhi

Chief Executive Officer and Director
Phone: 604-805-4602

Email: kal@bullruncapital.ca

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding “Forward-Looking” Information

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Source

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A prison riot in Mozambique’s capital Maputo left 33 people dead and 15 injured, the country’s police general commander Bernardino Rafael said on Wednesday.

About 1,534 people escaped from the prison in the incident but 150 of them have now been recaptured, Rafael said.

Mozambique is experiencing escalating civil unrest linked to October’s disputed election, which extended long-ruling party Frelimo’s stay in power. Opposition groups and their supporters claim the vote was rigged.

While Rafael blamed protests outside the prison for encouraging the riot, Justice Minister Helena Kida told local private broadcaster Miramar TV that the unrest was started inside the prison and had nothing to do with protests outside.

“The confrontations after that resulted in 33 deaths and 15 injured in the vicinity of the jail.” Rafael told a media briefing.

The identities of those killed and injured were unclear.

Mozambique’s interior minister said on Tuesday that at least 21 people were killed in unrest after the country’s top court on Monday confirmed Frelimo’s victory.

This post appeared first on cnn.com