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June 2025

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Hackers stole the equivalent of roughly $90 million from Iran’s largest cryptocurrency exchange on Wednesday, according to multiple independent crypto-tracking firms.

A skilled pro-Israel hacking group known as “Predatory Sparrow” took credit for the cyberattack, which appeared to be aimed at further weakening Iran amid Israeli’s military strikes on Tehran.

In a post in Farsi on X, the hackers said that they had hit Iranian crypto exchange Nobitex, claiming that Iran used the exchange to skirt international sanctions. And in an extraordinary move, the hackers may have effectively thrown the stolen crypto away by transferring it to digital “wallets” that they don’t have control over, according to multiple cybersecurity experts.

Nobitex acknowledged the incident in a statement on its website on Wednesday, saying that access to the crypto exchange had been “suspended,” as a precaution, until further notice. Crypto-tracking firms Elliptic and TRM Labs confirmed the crypto was stolen and sent to “wallets” or crypto accounts, with an expletive that referenced Iran’s Islamic Revolutionary Guard Corps (IRGC).

In a separate hack on Tuesday, Predatory Sparrow said it had destroyed data at Iran’s state-owned Bank Sepah, claiming IRGC members used the bank’s services as a justification for the action. Iran’s state-affiliated Fars news agency warned of potential disruptions to bank services at gas stations.

The pair of stunning cyberattacks mark an escalation in Israel and Iran’s years-long shadow war in cyberspace, where the arch-enemies — or their supporters — have conducted digital spying and data-destroying attacks for tactical advantage.

Predatory Sparrow has emerged in the last five years to claim spectacular cyberattacks that have previously disrupted an Iranian steel mill and payments at Iranian gas stations. The hackers cast themselves as anti-government Iranian hacktivists but are widely suspected among cybersecurity experts of having ties to Israel.

Much of the cyber activity in recent days, as Israel and Iran trade missile strikes, appears aimed at sowing panic in the two countries. Israelis, for example, have received mass text messages impersonating authorities that claim that bomb shelters aren’t safe.

The Iranian government, meanwhile, has warned citizens not to use the WhatsApp messaging service out of fear that Israel was collecting information from those chats. A spokesperson for Meta, which owns WhatsApp, has called those claims false and underscored that WhatsApp messages are end-to-end encrypted.

This post appeared first on cnn.com

Hurricane Erick powered up into a Category 3 major hurricane Wednesday evening as it bore down on the southern Mexico coast, threatening to unleash destructive winds, flash floods and a dangerous storm surge on the region in coming hours, forecasters said.

Swiftly strengthening from a Category 1 hurricane hours earlier, Erick had maximum sustained winds of 125 mph (200 kph) by nightfall as it churned offshore about 55 miles (85 kilometers) southwest of Puerto Angel, the Miami-based U.S. National Hurricane Center said.

Erick was also about 125 miles (200 kilometers) southeast of Punta Maldonado and moving northwest at 9 mph (15 kph) toward an expected landfall sometime Thursday morning, according to the center’s latest advisory. A major hurricane is defined as Category 3 or higher and wind speeds of at least 111 mph (180 kph). Forecasters said further strengthening is expected and devastating wind damage is possible near where the eye crashes ashore.

Acapulco warily eyes the approaching hurricane

The projected path would take its center near the resort of Acapulco, which was devastated in October 2023 by Hurricane Otis, a Category 5 hurricane that rapidly intensified and caught many unprepared. At least 52 people died in Otis and 32 were missing, after the storm severely damaged almost all of the resort’s hotels.

In Acapulco on Wednesday, there was a strong presence of National Guard and police in the streets, but most visible were trucks from the national power company. Crews worked to clear drainage canals and brush.

Some beaches were already closed, but tourists continued to sunbathe on others hours earlier as the storm gained strength well offshore.

On a beach in Acapulco, a line of people waited for the help of a backhoe to pull their boats out of the water.

Adrián Acevedo Durantes, 52, hauls tourists around Acapulco’s picturesque coastline in boats. Two of his boats sank in Hurricane Otis and a third was badly damaged.

“We’re taking precautions because with Otis we never expected one of that magnitude to come and now with climate change the water is warmer and the hurricanes are more powerful,” Acevedo said.

This time the port administration ordered that no one ride out the storm aboard their boats. During Otis many lost their lives by staying on boats in the harbor, which had traditionally been how they ensured their safety during previous storms. He said knew some of those lost at sea.

He acknowledged that it was sunny and the water calm Wednesday afternoon, making it hard to imagine a major storm was on the way, but said “with Otis it was calm all day, sunny, then at midnight there were two hours of strong winds and we saw what had happened the next day.”

Some rush to finish storm preparations

Francisco Casarubio, a 46-year-old choreographer, carried a carton of eggs as he did some last-minute shopping ahead of the storm. He planned to pick up rice, beans and some canned food as well.

His home flooded and lost power in Otis and said he was taking Erick more seriously, but hadn’t had time to shop until Wednesday.

Forecasters said Erick was expected to lash Mexico’s Pacific coast with heavy rain, strong winds and a fierce storm surge. Rains of up to 16 inches (40 centimeters) could fall across the Mexican states of Oaxaca and Guerrero, with lesser totals in Chiapas, Michoacan, Colima and Jalisco states, the center’s advisory said. The rainfall threatened flooding and mudslides, especially in areas with steep terrain.

A hurricane warning was in effect from Acapulco to Puerto Ángel. A hurricane warning means hurricane conditions are expected in the area, and preparations to protect life and property should be rushed to completion, according to the hurricane center advisory.

Down the coast in Puerto Escondido near the southern edge of Erick’s possible path, some fishermen began pulling their boats out of the water under a drizzling sky Wednesday.

Surfers ignore red flag warnings to ride the waves

Even though the wind had yet to pick up at the Zicatela beach, red flags were up to warn people to stay out of the water. But some surfers ignored them as they continued to ride waves.

Laura Velázquez, Mexico’s national civil defense coordinator, said Erick was forecast to bring “torrential” rains to Guerrero, Oaxaca and Chiapas in southern Mexico. The mountainous region along the coast is especially prone to mudslides with numerous rivers at risk of flooding.

Guerrero Gov. Evelyn Salgado said all schools were closed Wednesday and the state had alerted all of the fishing and tourism operators to make their boats storm-ready. Acapulco’s port closed Tuesday evening. Salgado said 582 shelters were set to receive people who might evacuate their homes.

President Claudia Sheinbaum warned in her daily briefing that those in the hurricane’s path should heed government instructions and wait out the storm in their homes or designated shelters.

Erick quickly doubled in strength

Having doubled in strength in less than a day, Erick was churning through an ideal environment for quick intensification. Last year, there were 34 incidents of rapid intensification — when a storm gains at least 35 mph in 24 hours — which is about twice as many as average and causes problems with forecasting, according to the hurricane center.

This post appeared first on cnn.com

Leaving hospital with wounds still fresh, the sole survivor of last week’s Air India plane crash solemnly carried the coffin of his brother, performing the last rites for a life lost in the deadly disaster.

Vishwash Kumar Ramesh, a 40-year-old British national, appeared overcome with grief as he led the funeral procession through the streets of the western Indian coastal town of Diu on Wednesday.

Ramesh, who was discharged from hospital a day prior, had bandages on his face from cuts and bruises sustained after flight AI171 traveling to London’s Gatwick Airport from the western city of Ahmedabad plunged to the ground seconds after takeoff last Thursday, killing 241 people on board.

How Ramesh escaped with a few wounds is being described as nothing short of a miracle.

“I don’t know how I survived,” he told Indian state broadcaster DD News while in the hospital, explaining how he unbuckled himself from his seat in 11A – an emergency exit seat – shortly after the crash and walked away from the scene.

“For some time, I thought I was going to die. But when I opened my eyes, I realized I was alive,” he said.

He and his brother, who had been sitting a few rows away, had been returning to the UK after spending a few weeks visiting family in India.

Video of Ramesh stumbling from the crash has been viewed widely on news channels and across social media. Flames can be seen billowing behind him, with thick plumes of smoke rising high into the sky.

Authorities tasked with identifying the victims’ bodies have described just how difficult that process has been. High temperatures from the burning fuel left “no chance” to rescue passengers, India’s Home Minister Amit Shah said, making bodies difficult to recognize.

The Boeing 787 Dreamliner was carrying 125,000 liters – enough to last a 10-hour flight from Ahmedabad to London – but it crashed less than a minute after takeoff, plunging into a hostel for medical students, killing several on the ground.

As of Thursday, more than 150 bodies have been handed over to loved ones, according to health officials, with funerals taking place in various cities across the country.

Investigators, meanwhile, are looking at the wreckage to determine what could have caused one of the worst air crashes India has seen in decades.

A mayday call from the cockpit was made to air traffic control shortly before the crash, Indian civil aviation authorities said.

Both black boxes, the plane’s cockpit voice recorder and flight data recorder, are now being analyzed for valuable clues that could help determine the cause. India’s Aircraft Accident Investigation Bureau are leading the probe into the crash with assistance from the United Kingdom and the United States, as well as officials from Boeing.

The Indian government has also set up a separate high-level committee to examine what led to the crash. The committee is expected to file their preliminary findings within three months.

Air India – the country’s flagship carrier – said on Wednesday it is conducting safety inspections across all of its Boeing 787-8/9 aircraft fleet.

“Out of total 33 aircraft, inspections have now been completed on 26 and these have been cleared for service, while inspection of the remainder will be complete in the coming days,” it said in a statement on X.

Meanwhile, it has reduced international services on its widebody aircraft by 15% due to the ongoing inspections and the conflict in the Middle East, it added.

For days, families of victims have gathered near morgues awaiting to collect the bodies of their loved ones and searching for answers.

Grieving families

As Ramesh laid his brother to rest Wednesday, another family around 160 miles south in the city of Mumbai, performed burials for four members killed in the crash.

Imtiaz Ali Syed, 42, whose brother Javed, sister-in-law, nephew and niece were on board the Air India flight, said he received their bodies from authorities in Ahmedabad and brought them to the family’s hometown on Wednesday.

Syed’s sister, who also lives in the UK, took a direct flight from Mumbai to London, he said. But Javed and his family were on a different flight via Ahmedabad.

He described his disbelief when he learned that Javed was on the ill-fated Air India plane. “Someone woke me up and said a plane crashed in Ahmedabad and asked me to check what flight Javed was on,” Syed recalled.

Syed fondly described his brother as someone who was “always available” for their family.

“He looked after my grandmother’s medicines, he looked after my mother, he would take care of our sister,” he said, describing the unbearable pain of losing Javed.

“Within a week or fifteen days, or a month, maybe he will call,” Syed said. “Telling me he is somewhere.”

This post appeared first on cnn.com

Follow along with Frank as he presents the outlook for the S&P 500, using three key charts to spot bullish breakouts, pullback zones, and MACD signals. Frank compares bearish and bullish setups using his pattern grid, analyzing which of the two is on top, and explains why he’s eyeing SMCI and AMD as potential trades. From there, he wraps the show with a look at some ETF plays.

This video originally premiered on June 17, 2025.

You can view previously recorded videos from Frank and other industry experts at this link.

The U3O8 spot price climbed sharply to kick off the week, hitting US$76.21 per pound.

Its Monday (June 16) rise is a 9.7 percent gain from the previous week’s close of US$69.47, and came after news that the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF) had penned a US$100 million bought-deal financing.

The financing was upsized to US$200 million the same day ‘as a result of strong investor demand.’

Sprott (TSX:SII,NYSE:SII), acting on behalf of the trust, confirmed the agreement, which will see Canaccord Genuity Group (TSX:CF,OTC Pink:CCORF) purchase 11,600,000 units of the trust at a price of US$17.25 each.

The offering, expected to close by June 20 pending regulatory approvals, will fund purchases of uranium oxide concentrates and uranium hexafluoride, in line with the trust’s mandate to hold physical uranium.

The news sparked a rally in uranium stocks on Monday.

On the TSX, major miner Cameco (TSX:CCO,NYSE:CCJ) rose just over 6.5 percent, while NexGen Energy (TSX:NXE,NYSE:NXE) was up 8 percent. Uranium Energy (NYSEAMERICAN:UEC) was up 12.64 percent in the US, and Denison Mines (TSX:DML,NYSEAMERICAN:DNN) jumped 14.8 percent on the TSX.

In Australia, Deep Yellow (ASX:DYLASX:DYL,OTCQX:DYLLF) surged more than 21 percent, while Boss Energy (ASX:BOE,OTCQX:BQSSF) jumped nearly 18 percent and Paladin Energy (ASX:PDN,OTCQX:PALAF) climbed over 15 percent amid investor optimism that the fresh capital injection could tighten the uranium spot market.

The Sprott trust, launched in 2021 and often referred to as SPUT, has been a key player in physically sequestering uranium from global markets, helping to reduce available supply and influence spot pricing trends.

After reaching a 14 year high of US$82 in early 2024, uranium prices trended downward, falling as low as US$64.30 this year. Despite the consolidation phase, experts believe the long-term outlook is positive.

The deal marks one of the most significant capital raises for uranium buying in 2025, and reflects growing institutional confidence in the long-term viability of nuclear energy as part of the clean energy transition.

SPUT’s move also comes amid momentum in US uranium policy. In late May, US President Donald Trump signed a series of executive orders aimed at revitalizing America’s nuclear energy sector. The orders are intended to ramp up domestic uranium production to meet growing power demands, especially from artificial intelligence data centers.

Tech giants like Microsoft (NASDAQ:MSFT), Google and Amazon (NASDAQ:AMZN) have all done nuclear power deals for data centers, honing in on nuclear as a viable solution for their zero-carbon baseload energy needs.

For now, Sprott’s buying spree offers a test of how tight the uranium market really is. With settlement set for later this week, attention will turn to whether its uranium purchases trigger further positive price activity.

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

This post appeared first on investingnews.com

Melbourne, Australia (ABN Newswire) – Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) has entered into a binding agreement to acquire the global rights to commercially exploit a patented photovoltaic (‘PV’) solar panel recycling technology known as ‘Microwave Joule Heating Technology’ (‘MJHT’ or the ‘Technology’).

Highlights

– Agreement to acquire global rights photovoltaic (PV) solar panel recycling technology

– ‘Microwave Joule Heating Technology’ (MJHT) from Macquarie University

– Utilises microwave technology to selectively heat and delaminate PV cells

– 60-78 million tonnes of waste photovoltaic (PV) modules cumulated by 2050

– Today only 15% of waste solar cells are recycled worldwide

– Most end up in land fill as valuable waste

– Hard to recycle, high temperature furnace, toxic chemicals, low recovery

– MJHT and Delamination enables selective separation of materials – higher recoveries

– To investigate further recovery of silver, silicon, gallium and indium

– Binding commitments received to raise $1.7 million via placement to existing and new sophisticated and professional investors

The rights will be secured via an exclusive licensing agreement (‘Licensing Agreement’) with Macquarie University (‘MQU’), held through an Australian-incorporated holding company, New Age Minerals Pty Ltd (‘NAM’). The key terms of the Licensing Agreement are set out in Schedule 1*. The transaction will be effected by LU7 acquiring 100% of the issued share capital of NAM (‘Proposed Transaction’).

The basis of the technology platform utilises microwave technology to selectively heat silicon thereby softening the EVA encapsulant in solar panels, enabling easy delamination and potential recovery of valuable materials at room temperature. This approach avoids the need for extreme heat (1400degC) typically required for separating materials like glass and silicon as well as the use of costly hazardous chemicals in traditional processes. Delamination enables selective separation of materials without the need for mechanical crushing, whereas traditional crushing methods often result in cross-contaminated material and lower recovery rates.

A report published by the International Energy Agency Photovoltaic Power Systems Programme1 projected that global waste PV modules will amount to 1.7-8.0 million tonnes cumulatively by 2030 and 60-78 million tonnes cumulatively by 2050. By 2035, Australia is expected to accumulate 1 million tonnes of solar panel waste worth over A$1 billion, while the global CIGS (Copper, Indium, Gallium, Selenide) solar cell market is projected to grow to US$12.23 billion by 2032.

Currently, only 15% of used PV cells are recycled, with the rest accumulating in landfills.

This low recycling rate is due to complex processes, high-temperature furnaces, toxic chemicals, and poor recovery yields. The Technology, developed by MQU, enhances the extraction of valuable metals such as silver, silicon, gallium, and indium from discarded PV panels using microwave and delaminating techniques. The breakthrough technology offers a promising new approach for enhanced recovery of valuable metals like Silver, Silicon, Gallium, and Indium. The Company plans to initiate further research and development in this area.

THE PROBLEM TODAY

The world’s renewable energy transition is moving fast, with large-scale PV solar panels playing a central role in national energy strategies. The global solar cell market is projected to hit US$39.81 billion by 2037, growing at a compound annual growth rate (CAGR) of around 8.2%.

Approximately 37% of Australian households have installed solar panels. This represents over 4 million homes and small businesses with solar power systems. The Clean Energy Council reports that 12.4% of Australia’s electricity generation in 2024 came from rooftop solar.

However, as these panels approach the end of their 25-30-year lifespan, the industry faces a growing challenge: managing solar panel waste and recovering valuable materials. A report published by International Energy Agency Photovoltaic Power Systems Programme (IEA PVPS) Task12 and the International Renewable Energy Agency (IRENA) in 2016 projected world’s waste PV modules globally to amount to 1,7-8,0 million tonnes cumulatively by 2030 and to 60-78 million tonnes cumulatively by 2050. By 2035, Australia alone is expected to accumulate 1 million tonnes of end-of-life solar panels, with a total material value of over $1 billion. By 2045, Australia could be looking at 34.6 GW of serviceable panels that will need to be recycled or repurposed, equivalent to the total installed solar capacity in the country as of August 2024.

LOW RECYCLING RATES

The global recycling rate for PV solar panels is around 15%, driven by several challenges. The recycling process is complex, requiring high temperatures and toxic chemicals, making it costly and energy intensive. Economic incentives are limited as the recovery of valuable materials like silicon does not provide sufficient financial returns. However, if recycling technologies can effectively attract and recover critical materials like silver, silicon, gallium, and indium, the financial viability of recycling improves, driving higher recycling rates.

Additionally, the lack of recycling infrastructure and the diverse materials in panels further complicate efficient separation, but advancements in technology are addressing these issues.

When waste PV cells aren’t recycled, they often end up in landfills, causing numerous environmental problems.

Panels can contain harmful materials like cadmium and lead, which may leak into the ground and water, posing risks to both ecosystems and human health. Valuable metals like silver, silicon, gallium, and indium are lost, adding to the strain on natural resources. As more solar panels reach the end of their life, landfills fill up, and the energy stored in these materials is wasted. Recycling can help solve these issues by recovering critical materials and cutting down on pollution.

POTENTIAL GROWTH OF PV RECYCLING INDUSTRY

The nascent PV solar panel recycling industry is experiencing rapid growth due to the increasing demand for critical metals such as silicon, silver, and indium, which hold substantial economic value. As the market for endof-life (EoL) solar panels expands, driven by both economic opportunities and environmental needs, the recovery of these materials is becoming a lucrative business. The market for recyclable materials from EoL solar panels is projected to reach over $2.7 billion by 2030 and could approach $80 billion by 2050, according to Rystad Energy. This growth is further fuelled by the fact that recovering materials from used panels can offset the need for costly and environmentally damaging virgin material extraction. Additionally, recycling helps secure a domestic supply of critical metals, reducing reliance on volatile foreign sources. Advancements in recycling technology, particularly in recovering high-value materials like silicon and silver, are making these processes more economically viable and environmentally necessary. Research has demonstrated that up to 98% of silver and nearly all of copper, lead, and other valuable metals can be recovered efficiently, enhancing the profitability of the recycling industry. As technology improves, the recycling of PV panels will play a crucial role in supporting the transition to a circular economy and sustainable energy future.

CRITICAL METALS IN PV CELLS

As the demand for critical minerals continues to rise with the global shift to clean energy, the need to recover valuable materials from these panels becomes increasingly urgent. Solar panels are made up of 95% recyclable materials, including silver, aluminum, silicon, copper, indium, and gallium-all of which are vital to global clean energy supply chains. Rare metals like gallium are essential for solar fuel cells, semiconductor chips, and other high-tech applications, making their recovery from e-waste a key priority.

COMMENTS: EXECUTIVE CHAIRMAN, IGGY TAN

‘Now that we have completed our lithium refinery DFS and secured all necessary components-including land and partnerships-we are positioned and ready for a lithium price recovery. We are confident in our counter-cyclical strategy and firmly believe that LU7 will benefit significantly when the lithium market rebounds. While awaiting this recovery, we have been presented with an exciting opportunity to acquire a cutting-edge photovoltaic recycling technology’.

‘I am thrilled about the acquisition of Macquarie University’s Microwave Joule Heating Technology (MJHT) and the opportunity to potentially extract critical metals such as silver from solar panel recycling.

The need for effective PV recycling has never been greater, with only 15% of panels currently being recycled. The mass accumulation of solar panel waste in landfills is a growing problem, as valuable critical metals like silver, silicon, gallium, and indium are left behind, contributing to both resource depletion and environmental harm. Microwave technology offers a promising solution to these challenges, enabling higher recovery rates and more sustainable recycling processes. We firmly believe that this technology represents the future of solar panel waste management. We are eager to collaborate with the Macquarie team to develop a more efficient and cost-effective recycling process’.

*To view the full release with tables and figures, please visit:
https://abnnewswire.net/lnk/A0938OHA

To view the Market Presentation, please visit:
https://www.abnnewswire.net/lnk/JJ10ITOI

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe’s mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

Source:
Lithium Universe Ltd

Contact:
Alex Hanly
Chief Executive Officer
Lithium Universe Limited
Tel: +61 448 418 725
Email: info@lithiumuniverse.com

Iggy Tan
Chairman
Lithium Universe Limited
Email: info@lithiumuniverse.com

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

Adelaide, Australia (ABN Newswire) – Resolution Minerals Ltd (ASX:RML) (FRA:NC3) (OTCMKTS:RLMLF) is pleased to announce the selection of Clewett Global Services as external affairs advisers to support the development of the Horse Heaven Antimony-Gold-Silver-Tungsten project in Idaho, USA.

Highlights

– Engagement in Washington D.C. is a critical step in positioning RML as a trusted partner in the U.S. critical minerals supply chain

– Resolution to consider applying for U.S. Department of Defense (DOD) funding to expedite Horse Heaven Project in Idaho

– Neighbouring Perpetua Resources (PPTA.NAS) was fast-tracked for development in April 2025, and received up to US$74 million in DOD funding, highlighting strong U.S. Government commitment and support for antimony and other critical metal projects

– By aligning with U.S. Government strategic priorities, RML is actively enhancing its ability to progress Horse Heaven on a faster schedule

– Antimony, Silver, Gold and Tungsten trading at record-high prices

CLEWETT GLOBAL SERVICES APPOINTED TO WORK WITH RESOLUTION TO DEVELOP U.S. GOVERNMENT ENGAGEMENT STRATEGY

The Horse Heaven Project is located directly adjacent to NASDAQ-listed Perpetua Resources’ $2 billion Stibnite Gold and Antimony Project, which recently gained final record of decision approval from the U.S. Forest Service.

Horse Heaven has strong gold, antimony and silver mineralisation in two highly prospective structurally controlled mineralised corridors, and includes past-producing antimony, tungsten and gold mines.

Historical exploration results from Horse Heaven are highly encouraging and indicate similar geological characteristics to the neighbouring Stibnite project.

Given the importance of antimony to the U.S. Government’s critical minerals strategy, Resolution Minerals is excited to develop the Horse Heaven Project and will be actively seeking the support of the U.S. Government to expedite its progress.

Founding Partner of Clewett Global Services, Todd Clewett, is a seasoned external affairs executive with a track record of success in engaging decision makers in Washington D.C. regarding mining and critical minerals projects. Clewett formerly headed up the external affairs function for both Newmont Corporation and Fortescue.

Background

The U.S. government has prioritised domestic and allied sources of key minerals such as antimony, tungsten and gallium recognising their importance to defense applications and renewable technologies.

Until now, the U.S. has relied mainly on China for the supply of many critical metals. Following China’s total ban on exports of these metals to the U.S. in late 2024, a priority of the new Administration is to shore up its own domestic supply chains of these materials.

Fast-41 Program

The FAST-41 program, established by Title 41 of the Fixing America’s Surface Transportation Act (FAST Act), is a program designed to improve the timeliness, predictability, and transparency of the federal environmental review and permitting process.

FAST-41 is designed to streamline and expedite the permitting process for infrastructure and mining projects deemed nationally significant. FAST-41 can offer benefits to project developers, including increased predictability, transparency and faster decision-making.

Some projects currently covered under FAST-41 include:

– Perpetua Resources’ (PPTA.NAS) Stibnite Gold Project in Idaho

– Stillwater Palladium & Platinum Project in Montana

– Jindalee Resources’ (ASX:JLL) McDermitt Lithium Project in Oregon

– BPH and RIO’s Resolution Copper Project in Arizona

– South32’s (ASX:S32) Hermosa Critical Minerals Project in Arizona

Resolution Minerals’ efforts to participate in the FAST-41 program follow the precedent set in April this year by next-door neighbour, NASDAQ-listed Perpetua Resources (PPTA.NAS), whose Stibnite Gold Project in Idaho became the first mining project accepted under FAST-41, and by ASX-listed Jindalee Lithium Limited (ASX:JLL), whose McDermitt Lithium Project in Oregon was also successfully fasttracked under FAST-41 in April.

2025 Budget Reconciliation Bill (‘Big Beautiful Bill’)

The proposed 2025 Budget Reconciliation Bill includes US$2.5 billion to support U.S. production of critical minerals via the National Defense Stockpile. In addition, there is US$500 million allocated to the Department of Defense Credit Program for loans, loan guarantees, and technical assistance aimed at developing reliable sources of critical minerals – both within the U.S. and among key international allies.

Congress is expected to pass this bill (in some form) by the end of July 2025. Resolution has commenced plans to pursue all its available options to apply for funding that may become available upon passing of this proposed bill.

Resolution is considering opportunities under the U.S. Department of Defense’s Title III and Industrial Base Analysis and Sustainment (IBAS) programs, which support the development of reliable and resilient supply chains for critical minerals.

RML’s Executive Director, Aharon Zaetz commented:

‘We are extremely honoured for Todd Clewett to want to work with us. We feel very excited that he shares the enthusiasm for the Horse Heaven project and sees the massive potential here. Todd’s experience in working with governments to develop mining projects will be an invaluable asset to RML.

Todd’s experience, knowledge and network in the White House provides him with an extremely rare and unique skillset that RML shareholders are extremely privileged to benefit from.

About Resolution Minerals Ltd:  

Resolution Minerals Ltd (ASX:RML) is a mineral exploration company engaged in the acquisition, exploration and development of precious and battery metals – such as antimony, gold, copper, and uranium.

Resolution Minerals Ltd Listed on the ASX in 2017 and has a broad portfolio of assets, such as the Drake East Antimony-Gold Project in north-eastern NSW and George Project prospective for silica sand and uranium.

Source:
Resolution Minerals Ltd

Contact:
Aharon Zaetz
Executive Director
Resolution Minerals Ltd
M: +61 424 743 098
ari@resolutionminerals.com

Jane Morgan
Investor Relations
Jane Morgan Management
M: +61 405 555 618
jm@janemorganmanagement.com.au

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

Benjamin Netanyahu is once again firmly in control of Israeli politics.

The country’s longest-serving prime minister has pulled himself back from the abyss with what appears to be a wildly successful opening to a military campaign against Iran.

“Bibi had his Churchill moment,” said one Israeli official from within the coalition, using the prime minister’s nickname.

One day before launching what Israel dubbed Operation Rising Lion, Netanyahu’s government had faced a confidence vote from the opposition.

Two of the ultra-Orthodox parties threatened to vote against the government in what would have put major pressure on Netanyahu. But he survived the vote – with quite some margin.

Twenty-four hours later, Israel began attacking Iran. In one instant, Netanyahu’s political problems were swept away. No more ultra-Orthodox parties complaining about the military draft or far-right parties shouting about praying in the al-Aqsa compound.

“The cards are in his hands. If they weren’t a week ago, they are now,” said the official.

The weekly political protests – first over the judicial reform, then over the war in Gaza – that have dogged Netanyahu for much of his current term quickly vanished, with orders from Israel’s Homefront Command forbidding large gatherings of people. Netanyahu’s testimony in his trial on charges of corruption is on hold and out of the headlines. The stories of the hostages still held in Gaza for more than 600 days of war are no longer front-page news.

Netanyahu is well aware of the political consequences of such a successful military operation, according to an Israeli source in the prime minister’s orbit, though the source insists it’s not his focus right now

“If we are doing something good for Israel, it’s good to us,” the source said. “It’s good for you electorally, it’s good for you with the voters … He will harvest this in the future.”

The source also pointed out the complete reversal of the political opposition from attacking Netanyahu to supporting him.

“This time, we have unity almost all over the Knesset, except from the Arab parties, and we have unity in the people,” said the source.

Iran has been at the center of Netanyahu’s identity for nearly his entire political career. His time as Israel’s longest-serving leader is replete with warnings about Iran. Some have been borderline cartoonish, like when he held up a drawing of a bomb to warn of Tehran’s advancing nuclear program at the United Nations General Assembly in 2012. He has since returned to the same podium – and many others – to lecture the world repeatedly about the intent of the Ayatollahs.

Israel’s existential fear wasn’t a single one of its adversaries. It was all of them combined: an overwhelming attack from Hamas, Hezbollah, Iran and the Shiite proxies in Syria and Iraq. This was Israel’s nightmare scenario that Hamas tried to instigate with its attack on Israel on October 7, 2023.

It quickly became evident that each entity had its own interests.

Hezbollah began launching attacks against Israel on October 8, but it was far from the massive barrages which worried the military’s leadership. Iran launched two retaliatory attacks against Israel last year in April and October. The Houthis began firing drones and ballistic missiles at Israel from Yemen, but never more than one or two at a time.

Over 20 months of war, Israel was able to defang each of its adversaries. Hamas is a shell of its former self, Hezbollah has been shattered, and the Houthis don’t have the arsenal to pose a major threat.

That allowed Israel to turn its focus to Iran without fear of massive retaliation from another front. From Netanyahu’s political perspective, the risk was far lower, especially since Israel’s spy agency has treated Iran like its playground for years.

“At his age, he has much less of a political career left to lose,” Shapiro said. “So it’s easier to throw the caution that held him back in the past to the wind, especially to reach for a career-defining goal.”

But whether the military campaign against Iran buoys Netanyahu’s long-sinking polling numbers is not a foregone conclusion, according to Yohanan Plesner, president of the Israeli Democracy Institute.

Polling in recent months has repeatedly shown Netanyahu far behind political rival Naftali Bennett. Crucially, it has indicated he would fall far short of being able to build a coalition with his current political partners, ousting him from leadership.

The Iran operation may not ultimately deliver the political salvation Netanyahu wants, Plesner said, because it is an issue with broad agreement from the left and the right.

Israel is also mired in the ongoing war in Gaza with no clear exit and lacking a comprehensive day-after plan. A second war, even with far more tangible accomplishments, presents another risk to Netanyahu if it drags on.

“The ability of the government to translate the military successes into an advantageous diplomatic outcome is yet to be determined,” said Plesner.

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