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Singapore is holding an election on Saturday almost certain to perpetuate the unbroken rule of the People’s Action Party, in a test of public approval for its new prime minister as the city-state braces for economic turbulence from a global trade war.

The election is a bellwether for the popularity of the PAP, which has ruled since before Singapore’s 1965 independence, with attention on whether the opposition can challenge the ruling party’s tight grip on power and make further inroads after small but unprecedented gains in the last contest.

Though the PAP has consistently won in landslides with about 90% of seats, its share of the popular vote is closely watched as a measure of the strength of its mandate, with premier Lawrence Wong keen to improve on the PAP’s 60.1% in the 2020 election – one of its worst performances on record.

Wong, 52, became the Asian financial hub’s fourth prime minister last year, promising continuity, new blood and to lead Singapore his own way.

He took over at the end of the two-decade premiership of Lee Hsien Loong, the son of former leader Lee Kuan Yew, the founder of modern Singapore.

Polls opened at 8 a.m. and will close at 8 p.m. (8 a.m. ET), with a result expected in the early hours of Sunday.

Living costs and housing availability in one of the world’s most expensive cities are key issues for the 2.76 million voters and a continued challenge for Wong, whose government has warned of recession if the trade-dependent economy becomes collateral damage in the war over steep U.S. tariffs.

Lopsided contest

The PAP has long had the upper hand in politics, with a big membership to draw from, influence in state institutions and far greater resources than its untested opponents, which are each running in only a small number of constituencies.

The election will be a lopsided affair, with 46% of all candidates representing the PAP, which is contesting all 97 seats compared to 26 for its biggest rival, the Workers’ Party, which won 10 last time, the most by an opposition party.

But though a PAP defeat is extremely unlikely, some analysts say the election could alter the dynamic of Singapore politics in the years ahead if the opposition can make more headway, with younger voters keen to see alternative voices, greater scrutiny and more robust debate.

“It is to be expected that (its) overall electoral support will gradually, gradually dip from general election to general election,” said National University of Singapore political scientist Lam Peng Er.

“Would Singaporeans be that surprised if the PAP’s electoral support were to dip to 57% or 58%? It will surprise nobody. I don’t think it will even surprise the PAP at all.”

The PAP for its part is keen to avoid upsets and warned voters of the consequences of seat losses for key cabinet members, whom Wong said were critical to balancing ties between the United States and China and navigating Singapore’s highly exposed economy through potentially choppy waters.

“I have backups … sure. But everyone knows that the team cannot function at the same level,” Wong told the 1.4 million-strong labor union on Thursday.

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Rep. Alexandria Ocasio-Cortez, D-N.Y., is hosting an in-person town hall in Jackson Heights, Queens, on Friday night amid speculation she is considering a 2028 presidential run. 

After speaking at a May Day protest in New York City on Thursday, rejecting Trump’s agenda and warning protesters that Republicans ‘are going after Medicaid next,’ Ocasio-Cortez is returning home to New York’s 14th congressional district to ‘share updates on her work in D.C., provide important constituent updates, and take questions from the audience.’

Ocasio-Cortez has been jet-setting across the United States with Sen. Bernie Sanders, I-Vt., on his ‘Fighting Oligarchy’ tour. The campaign confirmed to Fox News Digital that Friday night’s town hall was originally scheduled for the April congressional recess, but had to be rescheduled because Ocasio-Cortez was sick. She posted an Instagram story two weeks ago apologizing for canceling. 

Earlier this week, Ocasio-Cortez did not rule out 2028 presidential aspirations when asked by Fox News Digital about the viral video that had pundits guessing whether she were soft-launching her campaign. 

‘I think what people should be most concerned about is the fact that Republicans are trying to cut Medicaid right now, and people’s healthcare is in danger. That’s really what my central focus is,’ the New York Democrat said when asked whether she is considering a run for president, despite President Donald Trump’s assurances that he wouldn’t cut Medicaid. 

‘This moment isn’t about campaigns, or elections, or about politics. It’s about making sure people are protected, and we’ve got people that are getting locked up for exercising their First Amendment rights. We’re getting two-year-olds that are getting deported into cells in Honduras. We’re getting people that are about to get kicked off of Medicaid. That, to me, is most important,’ Ocasio-Cortez said on Capitol Hill on Trump’s 100th day in office. 

Ocasio-Cortez’s campaign account posted a video on X last week that invigorated those rumors as the four-term Democrat from New York City and a progressive leader proclaimed, ‘We are one.’

‘I’m a girl from the Bronx,’ Ocasio-Cortez said on a campaign-style stage in Idaho. ‘To be welcomed here in this state, all of us together, seeing our common cause, this is what this country is all about.’

Americans reposted Ocasio-Cortez’s video across X, pointing to the video as proof of her 2028 presidential ambitions. ‘Get ready America. Alexandria Ocasio-Cortez will almost undoubtedly run for president in 2028,’ political reporter Eric Daugherty said in response to the video. 

As rumors swirl over Ocasio-Cortez’s ambition for higher office, back at home in New York, a Siena College poll found that Senate Minority Leader Chuck Schumer’s favorability is down, at 39% among New York state voters questioned in the poll, which was conducted April 14 through 16. Meanwhile, Ocasio-Cortez’s favorability soared to 47%.

The longtime senator from New York faced pushback from the Democratic Party in March for supporting the Republican budget bill backed by Trump that averted a government shutdown and stirred up outrage among congressional Democrats who planned to boycott the bill.

That growing disapproval among Democrats was reflected in the poll, and the shifting perception comes as DNC vice chair David Hogg, through his political arm, Leaders We Deserve, faced blowback from the DNC for investing $20 million into electing younger Democrats to safe House Democrat seats.

Ocasio-Cortez raked in a massive $9.6 million over the past three months. The record-breaking fundraising haul was one of the biggest ever for any House lawmaker. Ocasio-Cortez’s team highlighted that the fundraising came from 266,000 individual donors, with an average contribution of just $21.

‘I cannot convey enough how grateful I am to the millions of people supporting us with your time, resources, & energy. Your support has allowed us to rally people together at record scale to organize their communities,’ Ocasio-Cortez emphasized in a social media post.

Ocasio-Cortez’s campaign did not respond to Fox News Digital’s request for comment about the 2028 presidential speculation. 

Fox News Digital’s Paul Steinhauser contributed to this report.

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President Trump announced his first judicial nominee of his second term, kicking off what will be a historic next four years as he continues to build on the most consequential accomplishment of his first term by appointing even more bold and fearless judges. The stakes could not be higher as Democrat activist judges are actively sabotaging American voters, the presidency, our Constitution, and our country.   

Trump nominated Whitney Hermandorfer to a Tennessee-based seat on the U.S. Court of Appeals for the Sixth Circuit. She is a brilliant legal mind and committed constitutionalist who has litigated critical First Amendment issues. Trump’s first nomination stands in stark contrast to the Obama- and Biden-appointed Democrat activist judges who have repeatedly attempted to sabotage the president’s core Article II executive powers during these first months of Trump’s historic second term. These anti-American judges, who side with Hamas supporters, MS-13 gang members, and no-show federal bureaucrats leeching on the taxpayer, need to be countered. Trump’s nominees promise a return to the original vision of a judiciary grounded in constitutionalism and judicial restraint.

During his 2016 campaign, Trump boldly and brilliantly ran on the issue of judicial nominations in an unprecedented way. He released a list of potential Supreme Court candidates from which he would choose to fill the vacancy arising from Justice Antonin Scalia’s death. This list of nominees set him apart from his rival at the time, Hillary Clinton. Had Clinton won, we would have been subjected to leftist judicial tyranny for at least a generation. Fortunately for the Constitution and the American people, Trump prevailed, and the country was rewarded with Justice Neil Gorsuch instead of Justice Merrick Garland. Given his horrendous and truly shameful service as attorney general, Garland would have been an unmitigated disaster had he received a lifetime appointment to the Supreme Court.

Trump did not stop after the confirmation of Gorsuch. Justice Brett Kavanaugh’s confirmation shifted the balance of the Court in 2018, as he replaced Anthony Kennedy, the pivotal justice in countless landmark cases. The coup de gras came in 2020, when Trump replaced liberal lion Ruth Bader Ginsburg with the more conservative Amy Coney Barrett. This dramatic shift paid dividends in short order and in many consequential ways.

In 2022, the Court overruled Roe v. Wade (1973) in Dobbs v. Jackson Women’s Health Organization and restored the issue of abortion to its rightful place: the states. The justices also strengthened the Second Amendment in New York State Rifle & Pistol Association v. Bruen, ruling that the Second Amendment requires ‘shall-issue’ concealed-carry permits. No longer can states have foggy standards where bureaucrats whimsically decide whether to allow citizens to carry concealed weapons. States must set forth standards, and citizens who satisfy those standards will be able to carry such firearms.

The next year, the Court put a stop to the practice of race-based college admissions policies in two cases involving Harvard and the University of North Carolina. Thanks to the rulings in Students for Fair Admissions, students must be evaluated based on merit. Conservatives had been trying for decades to eliminate affirmative action, just as they had abortion. Trump made these dreams come true. Last year, the Court struck a giant blow against the administrative state in Loper Bright Enterprises v. Raimondo, a decision that overturned the requirement that courts defer to administrative agencies when a statute is ambiguous.

He will look beyond the garden-variety Federalist Society choices and install a new generation of judicial titans who will change the landscape for generations to come in line with our Founders’ intent.

Just days after Loper Bright, the justices strengthened the presidency in Trump v. United States. There, the Court held that presidents are absolutely immune when exercising core Article II powers like pardons and at least presumptively immune for acts done within the outer perimeters of their official duties. This ruling enormously aided Trump against the lawfare perpetrated by the Biden Justice Department.

Trump’s judicial impact extended beyond the Supreme Court. He appointed 54 circuit judges in his first term, second only to President Jimmy Carter’s 56 in a single term. Carter benefited enormously from the Democrat-controlled Congress’s creation of 35 new circuit judgeships during his term. Congress created none for Trump. More importantly, Carter did not appoint any Supreme Court justices. Trump’s impact on the judiciary dwarfs Carter’s by any reasonable metric. Trump appointed only one fewer circuit judge in one term than did President Obama in two, and several of Obama’s appointees were to the Federal Circuit, a court with comparatively less impact than the other circuits on crucial issues. More importantly, Obama’s two Supreme Court appointments did not shift the balance of the Court; he replaced two leftist justices with two others. Trump also has an excellent chance to surpass President Ronald Reagan’s record for circuit confirmations of 83.

The accomplishments of Trump’s first term were excellent, but there is still work to be done. At times, the Supreme Court has been frustrating with rulings, mainly on the emergency docket with respect to Trump’s policies and the leftist inferior court judges who have enjoined them. Thanks to the Republican-controlled Senate—and a wider majority than existed in the first two years of his first term—Trump will select even more bold and fearless nominees. He will look beyond the garden-variety Federalist Society choices and install a new generation of judicial titans who will change the landscape for generations to come in line with our Founders’ intent.

Trump has assembled an excellent judicial nominations team in Attorney General Pam Bondi, White House chief of staff Susie Wiles, White House counsel Dave Warrington, and his deputy Steve Kenny to help him identify, vet, and nominate bold and fearless judges. The Article III Project, which I founded, is proud to support and assist their efforts and these excellent nominees, who will uphold the law and Constitution without fear or political consideration. We will continue to dedicate our resources and expertise to ensure only the most bold and fearless judges are nominated and confirmed to the bench.

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A new report warns that NATO is unprepared for modern digital warfare. Without stronger leadership, especially from the U.S., the alliance could face serious security risks.

The Center for European Policy Analysis (CEPA) released a study showing that many NATO members are failing to modernize their military data systems.

Although NATO leaders talk about the importance of secure and shared cloud infrastructure, most countries still store critical military information in local servers that are vulnerable to cyberattacks.

The report calls data the ‘currency of warfare’ and urges NATO to improve how it stores and shares military information.

At the moment, most NATO countries are building separate national cloud systems. France uses Thales, Germany uses Arvato, and Italy is working with Leonardo to develop sovereign defense cloud services, according to the CEPA report Defend in the Cloud: Boost NATO Data Resilience.

The U.S. has its own approach, using Amazon, Google, Microsoft and Oracle to build a sovereign cloud for the Department of Defense, as noted in the same CEPA report.

This fragmented setup is creating major problems. The CEPA report explains that many of these national systems are not interoperable, which makes it difficult for NATO allies to share intelligence or respond rapidly in times of crisis.

Although 22 NATO members have pledged to build shared cloud capabilities, progress has been slow. CEPA describes a gap between what leaders promise and what is actually getting done, and the process remains slow and overly bureaucratic.

Some of the hesitation stems from political tensions. 

Since returning to office, President Donald Trump has reinforced his long-standing position that NATO members must meet their defense spending commitments. 

In early 2025, Trump proposed raising the target above the current 2% benchmark and stated publicly that the U.S. would only defend NATO allies who meet what he considers their ‘fair share’ of the burden.

At the same time, Trump has taken credit for strengthening the alliance by pushing European governments to boost their defense budgets. 

In March, he pointed to what he called ‘hundreds of billions of dollars’ in new allied defense spending as proof that his pressure was effective. His administration continues to engage in high-level NATO meetings and has publicly affirmed support for the alliance’s core mission.

Secretary of State Marco Rubio has worked to reassure European partners. During an April meeting with NATO foreign ministers in Brussels, he stated that the U.S. is ‘as active in NATO as it has ever been,’ pushing back on claims that the administration is disengaging.

According to statements published by the State Department and reported by Reuters, Rubio emphasized that Trump is not opposed to NATO itself, but to an alliance that is under-prepared or underfunded.

Rubio is also playing a central role in U.S. efforts to broker peace in Ukraine. In early 2025, he led direct talks with Russian officials in Saudi Arabia and presented Trump’s terms for a possible ceasefire, according to official State Department readouts and contemporaneous reporting by Reuters and other outlets.

Rubio has emphasized that Ukraine and European allies will remain closely involved in the process. After a pause in U.S. aid earlier this year, he announced that military support would resume once Kyiv signaled agreement with the proposed framework for peace.

Meanwhile, NATO continues to provide assistance to Ukraine through a trust fund valued at nearly $1 billion. This figure is based on NATO’s own reporting on its Comprehensive Assistance Package, as cited in CEPA’s April report.

The alliance is also coordinating training and equipment donations, but the CEPA report makes it clear that efforts are being slowed by a lack of secure data sharing.

The report points to Estonia as a model for digital resilience. Estonia backs up its government data in Luxembourg through a ‘data embassy’ system, ensuring it remains protected even if local systems are attacked. NATO, according to CEPA, should encourage similar strategies across the alliance.

According to CEPA, the U.S. is best positioned to lead the way, with Trump and Rubio already taking the necessary steps to push NATO in the right direction.

The White House did not immediately respond to Fox News Digital’s request for comment.

CEPA’s report can be reviewed here.

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Germany’s domestic intelligence agency, the Federal Office for the Protection of the Constitution or BfV, on Friday classified the country’s popular Alternative for Germany (AfD) party as ‘extremist.’

‘Central to our assessment is the ethnically and ancestrally defined concept of the people that shapes the AfD, which devalues entire segments of the population in Germany and violates their human dignity,’ the BfV said, explaining its decision. ‘This concept is reflected in the party’s overall anti-migrant and anti-Muslim stance.’ 

The AfD slammed the decision, calling it a ‘blow against democracy,’ claiming it was ‘clearly politically motivated,’ which the BfV denied.

The U.S. also criticized the designation, with Secretary of State Marco Rubio claiming it is ‘tyranny in disguise.’

‘Germany just gave its spy agency new powers to surveil the opposition,’ Rubio posted on X. ‘That’s not democracy—it’s tyranny in disguise. What is truly extremist is not the popular AfD—which took second in the recent election—but rather the establishment’s deadly open border immigration policies that the AfD opposes. Germany should reverse course.’

Elon Musk wrote on X: ‘Banning the centrist AfD, Germany’s, most popular party, would be an extreme attack on democracy.’ 

AfD leaders Alice Weidel and Tino Chrupalla said, ‘The AfD will continue to take legal action against these defamatory attacks that endanger democracy.’ 

Vice President JD Vance met with Weidel before the election and said that free speech was under attack in Europe. 

The BfV also classifies the neo-Nazi National Democratic Party (NDP), the Islamic State and other Islamist groups, and the far-left Marxist-Leninist Party of Germany as ‘extremist.’

The classification allows the intelligence agency to closely surveil the AfD, which came in second in Germany’s February elections, winning a record number of seats in parliament.

Germany’s intelligence agency is more legally constrained than other European countries in its ability to surveil political parties, which requires the ‘extremist’ designation, because of its history under Nazi and Communist rule. 

The designation also allows the intelligence service to intercept party communications.

The ‘extremist’ designation followed a 1,100-page report by the intelligence agency, and a court case loss for AfD in challenging the BfV’s previous classification of the political party as one suspected of extremism. 

Conservative leader Friedrich Merz, who heads theChristian Democratic Union (CDU), will be confirmed as chancellor next week following the elections in a coalition government with the center-left Social Democrats. 

Both Merz and the Social Democrats ruled out governing with the AfD. 

CDU, along with its Bavarian sister party the Christian Social Union (CSU), won Germany’s elections in February after garnering 28.6% of the vote, according to Germany’s international broadcaster Deutsche Welle (DW). 

The AfD secured 20.8% of the vote. Meanwhile, outgoing Chancellor Olaf Scholz’s Social Democratic Party (SPD) won just 16.4% of the vote, its worst result since World War II.

Fox News Digital’s Rachel Wolf and Reuters contributed to this report.

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The Trump administration on Friday officially designated two of Haiti’s most powerful gang networks, Viv Ansanm and Gran Grif, foreign terrorist organizations (FTOs) and specially designated global terrorists (SDGTs).

The move is aimed at disrupting the gangs’ operations and supporting efforts to restore order in the troubled Caribbean nation.

The announcement was made in a formal statement from Secretary of State Marco Rubio, who declared that ‘the age of impunity for those supporting violence in Haiti is over.’

‘These gangs have killed and continue attacking the people of Haiti, Haitian security forces and multinational security support (MSS) mission personnel and are committed to overthrowing the government of Haiti,’ Rubio said. ‘Their ultimate goal is creating a gang-controlled state where illicit trafficking and other criminal activities operate freely and terrorize Haitian citizens.’

The designations bring serious legal consequences. Individuals or entities that provide material support to Viv Ansanm or Gran Grif could face criminal charges, loss of immigration benefits or removal from the U.S.

Viv Ansanm formed in September 2023 through an alliance between Haiti’s two main gang factions, G-9 and G-Pép. The coalition has carried out coordinated attacks on Haitian infrastructure, including prisons, government buildings and the Port-au-Prince international airport. These attacks were part of a broader campaign that helped force the resignation of former Haitian Prime Minister Ariel Henry.

Gran Grif operates mainly in the Artibonite region, a vital agricultural area. The State Department said the gang has been responsible for 80% of civilian death reports in that area since 2022. In February 2025, Gran Grif was linked to an attack that killed a Kenyan officer with the MSS mission.

According to NPR reporting from 2024, Viv Ansanm was spearheaded by Jimmy Chérizier, known as Barbecue, a former police officer turned gang leader. 

Chérizier helped unify rival gangs under a shared goal of opposing the Haitian government. In an interview with NPR, he defended the gang’s actions and blamed Haiti’s political elite for fostering the lawlessness. Though he acknowledged the violence, he claimed the government had enabled the conditions leading to it.

‘These designations play a critical role in our fight against these vicious groups and are an effective way to curtail support for their terrorist activities,’ Rubio said. He also warned that U.S. citizens and lawful residents who engage in transactions with these groups are exposing themselves to sanctions and prosecution.

Rubio praised the Haitian National Police and international partners for their efforts in pushing back against the gangs. ‘We commend the extraordinary bravery of the Haitian National Police and all international partners supporting the MSS mission for their ongoing efforts to establish stability and security in Haiti,’ he said.

He called on Haitian political leaders to focus on restoring peace. 

‘We urge all of Haiti’s political leaders to prioritize the security of the Haitian people, find solutions to stop the violence and make progress toward the restoration of democracy through free and fair elections,’ Rubio said.

The State Department did not immediately respond to Fox News Digital’s request for comment.

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Ontario has introduced legislation aimed at tightening control over the province’s mining and energy sectors by limiting foreign involvement, fast-tracking resource development and scaling back species-at-risk protections.

The Protect Ontario by Unleashing Our Economy Act, 2025, also known as Bill 5, was announced at the Toronto Stock Exchange on April 17 by Premier Doug Ford and Energy and Mines Minister Stephen Lecce.

According to the government, the new bill is designed to “safeguard Ontario’s critical minerals, secure the province’s energy infrastructure, and reduce regulatory bottlenecks that hamper development.”

“With President Trump taking direct aim at our economy, it cannot be business as usual,” Ford declared during the announcement, referring to recent US moves to prioritize domestic supply chains for critical resources.

The proposed law would grant the Ontario government sweeping new powers over the mining sector.

These would include the ability to suspend or revoke mining claims, deny transfers or leases and limit access to Ontario’s Mining Lands Administration System — particularly for entities linked to “hostile foreign regimes.”

It would also allow the government to restrict foreign participation in the province’s energy sector.

“In today’s changing world, we need to be clear-eyed about the risks from those who want to exploit our resource bounty,” Lecce said in an April 25 press release that covers the legislation. “That is why it is essential that Ontario is protecting our critical minerals and energy sector from getting into the wrong hands.”

Kevin Holland, member of provincial parliament for Thunder Bay-Atikokan, added that the measures are especially significant for Northern Ontario, where the economy is deeply tied to resource extraction.

“Ontario is taking important actions to protect our mining and energy assets during this volatile time,” he said.

Rolling back environmental protections

According to the provincial government, the legislation is partially a response to concerns raised in a 2021 national security report in which Canada’s natural resources are identified as a strategic vulnerability.

However, the proposed legislation has sparked sharp criticism from environmental advocates who warn that Bill 5 undermines Ontario’s Endangered Species Act. It would be replaced with a much narrower Species Conservation Act that redefines what constitutes a species’ habitat.

Under current law, a habitat includes all areas a species needs to live, migrate and reproduce. The new definition reduces this to “a dwelling place, such as a den, nest or other similar place,” plus the immediate surrounding area.

Critics argue that this change all but guarantees habitat loss for vulnerable species.

“The definition of habitat is so narrow that what it means is less habitat than the species has now,” Laura Bowman, a lawyer with the environmental law charity Ecojustice, told CBC. “And less habitat than the species has now, for a species already in decline, virtually ensures extirpation or extinction,” she added

The bill would also eliminate the requirement for recovery strategies once a species is declared at risk — a key mechanism under the current law that sets out steps to restore populations to sustainable levels.

The legislation is part of Ontario’s push to accelerate development in the Ring of Fire, a mineral-rich region in the province’s far north. The Ford government has long touted the area’s potential to supply key inputs like nickel, lithium and chromite for electric vehicles and clean technologies. According to the government, Bill 5 will “cut red tape and streamline approvals” to jumpstart projects that are currently mired in lengthy environmental and consultation processes — often involving Indigenous communities whose territories overlap with planned developments.

Despite the growing need for secure critical minerals supply chains, the decision to pair national security rhetoric with the rollback of environmental protections is likely to ignite political and legal challenges in the months ahead.

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

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The world’s oceans are increasingly becoming an important new frontier in the geopolitical and economic race for critical minerals, with countries fast-tracking plans for deep-sea mining.

Meanwhile, the global body tasked with regulating such activities is struggling to keep pace.

As sovereign states ramp up efforts to access seabed resources crucial for clean energy and defense technologies, the International Seabed Authority (ISA) finds itself sidelined — raising alarms among environmentalists and nations alike.

Stoking these tensions, US President Donald Trump signed an executive order earlier this month with the aim of expediting deep-sea mineral extraction in both national and international waters.

The directive, which calls for faster permitting and exploration, bypasses multilateral negotiations at the ISA and uses a 1980 domestic statute — the Deep Seabed Hard Mineral Resources Act — to justify the unilateral action.

The order “establishes the US as a global leader in seabed mineral exploration and development both within and beyond national jurisdiction,’ signaling Washington’s intent to secure independence from Chinese mineral supply chains.

But the move has drawn fierce criticism from multiple fronts.

“The US authorization … violates international law and harms the overall interests of the international community,” said Chinese foreign ministry spokesman Guo Jiakun. Such sentiments echo concerns that unilateral actions could unravel decades of work toward collective seabed governance under the United Nations (UN) Convention on the Law of the Sea.

At the heart of the dispute lies the ISA, the UN agency responsible for regulating mining in international waters.

Though it has issued over 30 exploratory permits, it has yet to finalize rules for commercial extraction. That regulatory vacuum has encouraged countries to approach the issue alone and in accordance with their own different agendas.

Norway reverses course on deep-sea mining

In January 2024, Norway became the first country to approve commercial-scale deep-sea mining within its own exclusive economic zone, greenlighting exploration across 280,000 square kilometers — an area larger than the UK.

The move, passed through parliament despite strong domestic and international opposition, is part of the country’s bid to secure metals like cobalt, scandium and lithium for green technologies.

“We will have a relatively long period of exploration and mapping activity to close the knowledge gap on the environmental impact,” Walter Sognnes, co-founder of Loke Marine Minerals, a Norwegian company focused on deep-sea exploration, told the BBC in an interview at the time the news was announced

However, environmentalists argued that the plan undermined Norway’s own standards.

“The Norwegian government always highlighted that they want to implement the highest environmental standards,” said Martin Webeler of the Environmental Justice Foundation.

“That is hypocritical whilst you are throwing away all the scientific advice.”

The Norway Institute of Marine Research also criticized the government’s decision, saying the existing environmental impact assessment was based on limited data and not representative of the vast areas opened for mining. It called for an additional five to 10 years of research before proceeding.

Against that backdrop, Norway reversed course, suspending its deep-sea mining plans at the end of 2024 following mounting political and environmental pressure.

The first licensing round, originally set for 2025, was blocked after the Socialist Left Party threatened to withhold support for the government’s budget unless the initiative was halted.

India eyes Clarion-Clipperton zone, Pacific Islands at crossroads

For its part, India has announced plans to ramp up its presence in the Pacific’s Clarion-Clipperton zone, one of the world’s most mineral-rich deep-sea regions. Although the ISA has already granted India two exploration contracts, the country has opted to hold off on operations as regulations remain in flux.

M. Ravichandran, secretary of the country’s Ministry of Earth Sciences, said the country is seeking to apply to the UN-backed ISA next year to focus on exploring the zone.

Meanwhile, the resource-rich Pacific Islands are emerging as battlegrounds in this high-stakes race.

Kiribati, a small island nation with jurisdiction over 75,000 square kilometers of prospective seabed, is reportedly in talks with China after a previous deal with Canada’s The Metals Company (NASDAQ:TMC) collapsed late last year.

In a statement dated March 17, the Kiribati government called discussions with Chinese ambassador Zhou Limin “an exciting opportunity” to explore its deep-sea resources.

But critics say such moves by smaller nations are often driven by economic desperation and can lead to exploitative outcomes. This tension is familiar in Papua New Guinea, where the failure of the Nautilus Minerals project left environmental damage and financial losses in its wake.

Some Pacific nations are now calling for a global moratorium on seabed mining, citing concerns about the unknown risks to ecosystems and the climate.

Patchwork governance, fragmented oversight

The race toward seabed mining is exposing a critical flaw in global governance: fragmentation. The ISA, which was supposed to provide a unified framework, is losing relevance as more countries chart independent courses.

“The harm caused by deep-sea mining isn’t restricted to the ocean floor: it will impact the entire water column, top to bottom,” Jeff Watters, vice president for external affairs at the Ocean Conservancy, told the Guardian.

A study by the Natural History Museum and the UK’s National Oceanography Center analyzing a 1970s test site concludes that some sediment dwellers were able to recover, but larger animals dependent on polymetallic nodules did not return — likely because the nodules, which take millions of years to form, were destroyed.

Despite these warnings, the Metals Company continues to push forward. It has said it plans to mine by the year’s end, pending US government approval, as CEO Gerard Barron remains unfazed by the backlash.

“Here there’s zero flora,” Barron told the BBC in a January 2024 interview. “If we measure the amount of fauna… in the form of biomass, there is around 10g per square metre. That compares with more than 30kg of biomass where the world is pushing more nickel extraction, which is our equatorial rainforests.”

Beyond environmental concerns, the deep-sea mining surge is reshaping geopolitical dynamics. China, which dominates global production and processing of rare earths, has long used its position as leverage in trade disputes. In response to US tariffs, Beijing recently introduced new export controls on rare earths — further intensifying the mineral arms race.

Trump’s executive order makes clear that seabed mining is now viewed as a national security imperative.

“It’s not just drill, baby, drill. It’s mine, baby, mine,” said Secretary of the Interior Doug Burgum at a recent conference. “We will literally be at the mercy of others that are controlling our supply chains,” he warned.

But this approach risks setting a dangerous precedent. If powerful nations begin issuing their own licenses outside multilateral systems, others are likely to follow suit. The result could be a patchwork of conflicting claims and reduced protections, particularly for vulnerable maritime nations.

With the ISA still developing a mining code and more countries rejecting its pace, the world faces a dilemma: how to balance the urgent demand for critical minerals with the equally pressing need to preserve fragile marine ecosystems.

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

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John Rubino, who writes a newsletter on Substack, explains the factors behind gold’s ‘epic run,’ pointing to underlying elements like Basel III and BRICS demand, as well as current events.

He believes gold has the wind at its back, although silver might be the better buy right now.

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

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The Liberal Party of Canada and Prime Minister Mark Carney will form a minority government following their victory in Canada’s national election on Monday (April 28). The Liberals won 168 seats, just shy of the 172 required to form a majority, meaning the Liberal government will have to work with the Bloc Québécois or the NDP, which won 23 and 7 seats, respectively.

The Conservative Party of Canada, led by Pierre Poilievre, won 144 seats. While the CPC was originally expected to win the election, the trade war and sovereignty threats from new US President Donald Trump turned the tide in favor of Carney, who took a firmer stance against Trump. Other election issues included the high cost of living, housing, immigration and crime.

Both parties came into the election with visions for Canada’s economy, which included energy and infrastructure corridors, a commitment to energy production and a focus on resource nationalism.

Statistics Canada released February’s gross domestic product by industry figures on Wednesday (April 30). According to the data, the resource sector’s January gains were largely erased by contractions in February. Oil and gas extraction slipped by 2.8 percent, while mining and quarrying contracted by 2.6 percent during the month. Metal ore mining posted its second month of declines, falling 2.5 percent. On the other hand, non-metallic mineral mining climbed by 2.7 percent, including a 3.5 percent rise in potash mining.

South of the Border, The United States Bureau of Labor Statistics released its April employment situation summary on Friday (May 2). In the report, the agency said that 177,000 new nonfarm jobs were added to the economy in April, which exceeded analysts’ expectations of 133,000 jobs.

The biggest gains came in the healthcare sector, which added 51,000 workers, followed by transportation and warehousing, where 29,000 people found new employment.

Overall, the unemployment rate remained steady at 4.2 percent, and the participation rate was unchanged at 62.6 percent.

However, there were some caveats, most notably, downward revisions of 15,000 fewer jobs in February and 43,000 jobs in March than initially reported.. Long-term unemployment also ticked up by 179,000 to 1.67 million in April, the highest since March 2022.

While the number showed strength in the job market, many analysts expect these gains to be temporary, as the effects of US tariffs have yet to be felt in the economy.

The US government also announced on Wednesday that it signed a critical minerals deal with Ukraine. Under the terms of the agreement, the US will provide funding for Ukraine’s reconstruction in exchange for preferential access to the country’s natural resources, including rare earth minerals, which are critical to tech and military development and supply chains.

Additionally, the Trump administration announced it added 10 new projects to be fast-tracked to its federal permitting dashboard on Friday. The projects include the NorthMet copper and nickel project in Minnesota, which is a 50/50 joint venture between Teck (TSX:TECK.A,TECK.B,NYSE:TECK) and Glencore (LSE:GLEN,OTC Pink:GLCNF), as well as Sibanye Stillwater’s (NYSE:SBSW) Stillwater platinum and palladium project in Montana.

Markets and commodities react

In Canada, major indexes posted gains by the week’s close. The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 1.32 percent during the week to close at 25,031.51 on Friday, the S&P/TSX Venture Composite Index (INDEXTSI:JX) moved up 0.01 percent to 656.40 and the CSE Composite Index (CSE:CSECOMP) climbed 2.52 percent to 122.75.

US equity markets also posted gains by close on Friday, with the S&P 500 (INDEXSP:INX) increasing 2.85 percent to close at 5,686.66, the Nasdaq-100 (INDEXNASDAQ:NDX) gaining 3.45 percent to 20,102.61 and the Dow Jones Industrial Average (INDEXDJX:.DJI) rising 2.8 percent to 41,317.44.

The gold price fell from recent highs, closing out Friday at US$3,233.98, down 2.56 percent over the week. The silver price was also down, shedding 3.21 percent during the period to US$32.03.

In base metals, the COMEX copper price fell 4.29 percent over the week to US$4.69 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) was down 3.17 percent to close at 520.19.

Top Canadian mining stocks this week

So how did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 3:30 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Lion Rock Resources (TSXV:ROAR)

Weekly gain: 60 percent
Market cap: C$20.51 million
Share price: C$0.32

Lion Rock Resources is a gold and critical mineral exploration company focused on advancing its Volney gold-lithium-tin project in South Dakota, United States.

The property is situated on 142 hectares of private land with surface and mineral rights in place. The site hosts historic gold and tin mining operations dating back to the 1920s. Additionally, the site contains the Giant Volney pegmatite body, from which 15 grab samples graded an average of 4.4 percent lithium oxide, with the highest grading 5.4 percent.

The most recent news from the project came on Thursday (May 1) when Lion Rock announced that it had started its 2025 exploration program, including a high-resolution magnetic survey, mapping and sampling. The company said that the program will target high-grade lithium, gold and tin, and results will be used to refine drill targets and expand known mineralized zones.

The company also released its year-end 2024 financial report on Tuesday (April 29).

2. Foremost Clean Energy (CSE:FAT)

Weekly gain: 42.86 percent
Market cap: C$14.27 million
Share price: C$1.30

Foremost Clean Energy is a uranium exploration company working to advance projects in the Athabasca Basin in Northern Saskatchewan, Canada.

In 2025, its primary focus has been its Hatchet Lake property, part of its Eastern Athabasca projects. The site consists of nine mineral claims within two blocks covering an area of 10,2012 hectares and has seen exploration dating back to the 1960s.

Foremost announced in October 2024 that it had completed the first phase of an option agreement with Denison Mines (TSX:DML,NYSEAMERICAN:DNN) to acquire a 20 percent stake in 10 uranium properties, including Hatchet Lake, in exchange for 1.37 million common shares.

Under the terms of the agreement, Foremost can earn up to a 70 percent stake in the properties in exchange for meeting certain milestones within 36 months.

This Thursday, Foremost announced a new uranium discovery at Hatchet Lake from initial results of the company’s ongoing inaugural drill program.

In the announcement, the company said the discovery included multiple intervals of mineralization, highlighting one grading 0.22 percent equivalent U3O8 over 0.9 meters, including an intersection of 0.5 percent over 0.1 meters.

3. Baru Gold (TSXV:BARU)

Weekly gain: 42.86 percent
Market cap: C$13.53 million
Share price: C$0.05

Baru Gold is a development company working to advance its Sangihe gold project in Indonesia.

The company holds a 70 percent stake in the 42,000 hectare project, with the remaining 30 percent interest held by three Indonesia-based companies.

Baru Gold is progressing towards approval of its production operations plan, which was redesigned due to the significant macroeconomic shift and increase in the gold price since its last mineral resource estimate in May 2017.

On February 14, the company published a technical report with an updated mineral resource estimate. The mineral resource estimate demonstrated an indicated resource of 114,000 ounces of gold and 1.93 million ounces of silver from 3.15 million metric tons of ore with grades of 1.12 grams per metric ton (g/t) gold and 19.4 g/t silver. The project also hosts an inferred resource of 91,000 ounces of gold and 1.08 million ounces of silver from 2.3 million metric tons of ore with grades of 1.22 g/t gold and 14.5 g/t silver.

The update marks a significant step towards government approval for production operations status, with the only remaining requirement being the payment of taxes.

The most recent news came on April 2 when the company announced the closing of the first tranche of a private placement for C$336,321.88. Funding raised through the placement will be used in part for payment of land use taxes on the Sangihe property.

4. Taranis Resources (TSXV:TRO)

Weekly gain: 42.5 percent
Market cap: C$21.07 million
Share price: C$0.285

Taranis Resources is a copper explorer focused on advancing work at its Thor project in Southeast British Columbia, Canada.

The site has seen previous mining dating back to the early 1900s and hosts at least seven different epithermal zones. In a February mineral resource estimate update, the company reported an indicated resource of 1.14 million metric tons of ore containing 27,400 ounces of gold, 5.58 million ounces of silver, 3.1 million pounds of copper, 47.8 million pounds of lead and 77.9 million pounds of zinc.

The most recent news from the Thor project came on April 9, when Taranis provided an update on its 2024 deep drilling program. The company finalized an alteration study of the drill holes, which encountered anomalous gold, zinc and arsenic, and plans to use the results to improve targeting and lower costs for its 2025 drilling program.

5. Black Iron (TSX:BKI)

Weekly gain: 41.18 percent
Market cap: C$38.02 million
Share price: C$0.12

Black Iron is an exploration and development company working to advance its Shymanivske iron project in Ukraine.

The 300 hectare property is located approximately 330 kilometers south-east of the capital of Kiev and is situated within the well-known iron ore mining district of KrivBass.

According to a March 2020 preliminary economic assessment, project economics demonstrated an after-tax net present value of US$1.44 billion at a discount rate of 10 percent with an internal rate of return of 34.4 percent and a payback period of 3.3 years.

The included mineral resource estimate reported a measured and indicated resource of 645.8 million metric tons of ore with an average grade of 31.6 percent total iron and 18.8 percent magnetic iron.

Although Black Iron did not release any news this week, the company’s share price gained alongside news of the US and Ukraine reaching a critical minerals agreement.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

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