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In the southern Philippine city of Davao, a spirited mayoral election campaign is in full swing, with candidates and their supporters out canvassing for votes.

But one of the leading contenders is conspicuously absent from the stump. Instead he’s 7,000 miles away, languishing in the custody of the International Criminal Court (ICC) in the Netherlands.

Former Philippine President Rodrigo Duterte is awaiting trial at The Hague for crimes against humanity, over a brutal war on drug dealers that killed possibly thousands of people, including many innocents and bystanders, with barely any kind of due process.

None of this affects the 80-year-old’s eligibility for the role of mayor of Davao – a job he held, on and off, for two decades. Under Philippine election law, only a criminal conviction in a local court can keep a candidate off the ballot.

Duterte could well win Monday’s election, thanks to his enduring popularity in the region, where many credit his two-decade iron grip with tightening up law and order, before he took his brutal zero-tolerance policy nationwide as president from 2016 to 2022.

“I grew up here all my life and when I was younger it was very dangerous, killings and fighting everywhere,” said Ian Baldoza, 46, a native of Davao who remains a loyal Duterte supporter.

“But as I grew older, I started to understand that those who were killed were drug addicts, dealers and troublemakers.”

Many Davao voters feel similarly, said Cleve Arguelles, a political scientist and head of polling firm WR Numero.

“His ICC arrest doesn’t really shake their core of who Duterte is but rather, paradoxically, it only reinforces what Duterte stands for,” he said.

Baldoza, the Duterte voter, said he witnessed neighbors killed by hitmen under Duterte’s drug war, yet his Facebook profile is full of pro-Duterte posts.

“We’re not looking for a saint, we’re looking for a leader with political will, and the Duterte family has that, especially in the patriarch,” he said.

While he has not commented publicly on the race, Duterte’s daughter Sara, the Philippine vice president, thanked supporters on her father’s behalf at a rally on Thursday.

“President Rodrigo Duterte thanks you all for your love, your continued support, and your prayers that he will one day be brought back to our country,” she told a crowd in the capital Manila, under heavy rain.

Thousands of local posts are up for grabs in the midterm elections across the archipelago nation of about 120 million people, ranging from district councilors and mayors all the way up to legislators.

Three generations of the Duterte clan are fighting elections. Duterte’s son Sebastian, the incumbent Davao mayor, will be his father’s running mate, while his other son, Paolo, is seeking re-election to the national congress. Two of Paolo’s sons are running for local council seats.

While his popularity seems impervious to decline, Duterte is not politically immortal. His old age and frail health also raise questions on the succession for the dynasty, which has not been as solid as it once was, said Ramon Beleno, a political analyst and former professor from Ateneo de Davao University, who has observed elections in the Duterte clan’s bailiwick for more than a decade.

“The people of Davao have this perspective that a political dynasty is OK if it’s working,” Beleno said.

“But it’s only working as long as the patriarch, the person who established the political dynasty, is still strong.”

Opposition camps, in the elder Duterte’s absence from the country, are re-emerging across Davao, according to Beleno.

Among them are descendants of the late former national House speaker Prospero Nograles, reigniting a decades-old family rivalry that typifies the nation’s clan-tinged politics.

Karlo Nograles is running against Rodrigo Duterte for the mayoralty while his sister, Margarita, a lawyer and rising TikTok influencer, is challenging Paolo.

Scandal-hit political dynasty

And cracks in the Duterte family name are beginning to show.

Vice President Sara Duterte is in a long-running feud with President Ferdinand Marcos Jr., and faces calls for her impeachment for alleged corruption, which she denies.

“In the past months my name and my family name has been dragged through the mud,” she said at the recent rally.

“I have repeatedly said this before, and I will say it again now – I am not the problem of this country. The Dutertes are not the problem of the Philippines,” she said, in a vailed dig at the incumbent Marcos administration, the family’s allies turned enemies.

Marcos Jr. hails from perhaps the most famous political family in the nation – he is the son of the late Philippine dictator Ferdinand E. Marcos.

Paolo Duterte and his bodyguards were recently embroiled in a nightclub brawl, prompting a businessman to file a complaint against him. He said in a video statement that the clip of the melee circulating on social media was “taken a very long time ago.”

If Duterte wins the mayoral election, he can still be sworn in by proxy or in absentia – possibly by a Zoom call, if the ICC allows it, according to political scientist and pollster Arguelles. His day-to-day duties would be delegated to the vice mayor.

But if Rodrigo Duterte is not allowed to be sworn in virtually, the runner-up – projected to be Karlo Nograles – would ascend to the seat.

Duterte ran the Philippines for six turbulent years, during which his brutal crackdown on drugs – which he openly boasted about – killed many young men from impoverished shanty towns, shot by police and rogue gunmen.

According to police data, 6,000 people were killed – but rights groups say the death toll could be as high as 30,000.

Duterte’s tough approach on drugs prompted strong criticism from opposition lawmakers who launched a probe into the killings. Duterte in turn jailed his fiercest opponent and accused some news media and rights activists as traitors and conspirators.

The ICC has set his next hearing for September 23.

This post appeared first on cnn.com

Americans lambasted President George H. W. Bush for infamously vowing on stage at the 1988 Republican National Convention not to raise taxes on Americans, then supporting a tax hike as president two years later. 

History could repeat itself as President Donald Trump this week signaled his support for congressional Republicans raising taxes to accomplish the ambitious goals of his ‘big, beautiful bill,’ according to experts.

‘My opponent won’t rule out raising taxes, but I will. And the Congress will push me to raise taxes, and I’ll say no. And they’ll push and I’ll say no. And they’ll push again, and I’ll say to them: ‘Read my lips: no new taxes,’’ then-Vice President Bush vowed at the 1988 convention, before raising taxes two years later with the Omnibus Budget Reconciliation Act of 1990. 

While acknowledging the political backlash his fellow Republican faced, Trump signaled in a Truth Social post on Friday his own willingness to raise taxes on Americans, following reports confirmed by Fox News Digital that the president is considering raising the tax rate on individuals making $2.5 million or more by 2.6%, from 37% to 39.6%.

‘The problem with even a ‘TINY’ tax increase for the RICH, which I and all others would graciously accept in order to help the lower and middle income workers, is that the Radical Left Democrat Lunatics would go around screaming, ‘Read my lips,’ the fabled Quote by George Bush the Elder that is said to have cost him the Election. NO, Ross Perot cost him the Election! In any event, Republicans should probably not do it, but I’m OK if they do!!!’ Trump said. 

Ross Perot, the late billionaire Texas businessman and philanthropist, ran an independent campaign as a third-party candidate in the 1992 presidential election, winning an historic 19% of the popular vote.

As Trump suggested, the political fallout of raising taxes contributed to Bush losing re-election to President Bill Clinton in 1992. Democrats slammed Bush in campaign ads for walking back his word as conservative Republicans criticized the president for being out of step with the party’s traditional tax policies. 

Former House Speaker Newt Gingrich led Republican criticism of Bush’s tax hike proposal, and Gingrich has urged Trump to stand down on raising taxes since rumors the administration was floating a small tax hike first swirled. 

Gingrich recently told Larry Kudlow on FOX Business that Trump is a Ronald Reagan Republican, not a Bush Republican, and raising taxes would be an ‘act of destruction.’

‘It would absolutely shatter his coalition,’ Gingrich said. ‘It would mean the entire conservative movement would rise in rebellion, and it would mean every small business in the country would start recalculating who they are going to lay off, if they are even going to stay in business. It would make no sense at all.’

Negotiations are ongoing among House Republicans to finalize Trump’s ‘big, beautiful bill,’ which is expected to include an extension of Trump’s 2017 tax cuts and fulfill campaign promises, including no tax on tips, overtime or Social Security. 

Republican politicians and pundits have joined Gingrich’s critique of Trump’s potential tax hike, arguing Trump is repeating the same mistakes as Bush. 

‘[House] Speaker [Mike] Johnson and Republican members of Congress must have experienced collective déjà vu when President Trump urged Congress to raise taxes,’ New England College President Wayne Lesperance, a veteran political scientist and political historian, told Fox News Digital.           

‘Harkening back to the infamous ‘Read my lips’ pledge made by George H. W. Bush at the 1988 GOP Convention, today’s Republicans must be nervous at the president’s change on what is a sacrosanct issue for the party — tax cuts. Interestingly, George H. W. Bush’s decision to break his pledge was surrounded by notably different circumstances,’ Lesperance added. 

But Lesperance reminded Republicans, who currently control the House and Senate, that Democrats could gain an edge in the 2026 midterms if tax hikes prove to be as unpopular among Republicans as they were in 1992. 

‘Facing a Democratically controlled Congress, Bush reneged on his pledge as a compromise to reduce the deficit and pass the 1990 budget agreement. Bush’s decision to compromise on taxes is widely credited with costing him his bid for re-election. As Speaker Johnson and Republican members of Congress look ahead to midterm elections, there must be collective worry that President Trump’s shifting position on taxes will cost them at the polls,’ Lesperance said. 

Longtime Republican consultant David Carney, a veteran of numerous GOP presidential campaigns, said the move by Bush ‘was probably the single most detrimental thing to his re-election.’

Carney, who served in the elder Bush’s White House and worked on his presidential campaigns, told Fox News ‘the deal he cut was excellent. He cut spending, balanced out the taxes.’

But Carney emphasized ‘all that’s inside baseball and the reality is it was a great opportunity for people from the right and the left to make hay out of it, and it was absolutely hurtful.’

However, fiscal conservatives remain optimistic that Trump won’t raise taxes, despite the president softening to the idea on social media on Friday morning. 

‘President Trump campaigned on not raising taxes, and we are confident that’s exactly what he’ll do,’ Club for Growth President David McIntosh told Fox News Digital. 

When reached for comment about the Bush comparison, the White House pointed to press secretary Karoline Leavitt’s comments during the White House briefing on Friday. 

‘The president wants tax cuts, the largest tax cuts in history,’ Leavitt said. ‘He wants to extend his historic tax cuts from 2017, and he wants to see all the other tax priorities,’ including no tax on tips, overtime or Social Security. 

‘The president has said he himself personally would not mind paying a little bit more to help the poor and the middle class and the working class in this country. I think, frankly, that’s a very honorable position. But again, these negotiations are ongoing on Capitol Hill, and the president will weigh in when he feels necessary,’ she added. 

Fox News Digital’s Elizabeth Elkind contributed to this report. 

This post appeared first on FOX NEWS

President Donald Trump on Friday morning said that an ‘80% Tariff on China seems right!’ adding on Truth Social that the final number would be up to U.S. Treasury Secretary Scott Bessent. 

An 80% tariff on Chinese goods coming into the U.S. would be nearly half of the current 145% tariff on the Asian country.

Minutes earlier, he posted: ‘CHINA SHOULD OPEN UP ITS MARKET TO USA — WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON’T WORK ANYMORE!!!’

It was the first time the president has put out a specific number, after previously suggesting the tariff could be lowered. 

Trump’s suggested lower tariffs come ahead of weekend talks between Bessent and chief trade negotiator Jamieson Greer and Chinese economic tsar He Lifeng in Switzerland. 

White House press secretary Karoline Leavitt said in a press briefing Friday, ‘That was a number the president threw out there, and we’ll see what happens this weekend,’ adding that Trump wouldn’t unilaterally lower the tariff and China would be required to make ‘concessions.’ 

Earlier this week, Trump said that China is eager to make a deal with the U.S. 

‘Scott’s going to be going to Switzerland, meeting with China,’ Trump told reporters Thursday at the White House. ‘And you know, they very much want to make a deal. We can all play games. Who made the first call, who didn’t make them? It doesn’t matter. Only matters what happens in that room. But I will tell you that China very much wants to make a deal. We’ll see how that works out.’

The Trump administration announced widespread tariffs for multiple countries on April 2, following criticism that other countries’ trade practices are unfair towards the U.S.

The administration later adjusted its initial proposal and announced on April 9 it would immediately impose a 145% tariff on Chinese goods, while reducing reciprocal tariffs on other countries for 90 days to a baseline of 10%. China responded by raising tariffs on U.S. goods to 125%.

Fox News’ Diana Stancy contributed to this report. 

This post appeared first on FOX NEWS

A 2018 deal between the Vatican and the Chinese Communist Party (CCP) secured by Cardinal Pietro Parolin is once again under scrutiny as questions remain over how newly appointed Pope Leo XIV will take on the CCP.

The Parolin-brokered deal was and remains a controversial agreement between the leaders of the Catholic Church and the CCP, which has long oppressed Catholics across China. 

While the agreement was championed by the late Pope Francis and his secretary of state, Parolin — the Vatican’s top diplomat — as a step toward ‘normalizing’ Catholicism in the communist nation, experts argue it has brought dangerous consequences for the faithful.

‘It erodes papal authority to appoint bishops, the leadership of the Catholic Church in China,’ Nina Shea, senior fellow and director of the Center for Religious Freedom at Hudson Institute, told Fox News Digital. 

‘A principal responsibility of a bishop is to train and ordain priests,’ she explained. ‘Therefore, the CCP has been given control in determining the chain of authority in the hierarchical church.’

Under this agreement, all Catholic clergy are required to register with the CCP’s Patriotic Association — which was created in 1957 and was long rejected by the Catholic Church as illegitimate because it required that all clergy reject foreign influence, including that of the pope.

Parolin in 2019 said the aim of this agreement was ‘to advance religious freedom in the sense of finding normalization for the Catholic community.’

Details of the deal remain unclear because it has been kept secret, explained Shea. 

While the agreement reportedly looked to end the decades-long negative ties between the Vatican and the CCP by allowing China to have more influence over bishop appointments, experts have argued for years it gave too much authority to the oppressive government. 

But there is an even greater problem when it comes to the Vatican seeming to have capitulated to the CCP.

Following the agreement, the Vatican additionally agreed to drop its support for the underground Catholic network, which has existed in China for decades and has supported millions of Catholics in the country.  

According to Shea, the CCP essentially ‘tricked’ the Vatican because it simultaneously, in what she believes was an unbeknownst move to Parolin, banned children from being allowed in the Catholic Church — this ban included important sacraments of the church like baptisms, holy communion and confirmations.

The ban effectively blocks the continuation of the Catholic Church in China.

‘The underground, even during the harshest period under Mao, carried out this education and evangelization,’ Shea said. ‘Without being able to perpetuate itself, the Catholic Church in China could die out in a couple generations.’

‘It’s a campaign to create an atheist society,’ she added. 

The Vatican did not immediately respond to Fox News Digital’s questions over whether Pope Leo will adhere to the agreement with the CCP or look to forge a new one.

But in his first homily on Friday since being made leader of the Catholic Church, Pope Leo highlighted the church’s fight against rising atheism.

‘There are many settings in which Jesus, although appreciated as a man, is reduced to a kind of charismatic leader or superman. This is true not only among non-believers but also among many baptized Christians, who thus end up living, at this level, in a state of practical atheism,’ he said. ‘These are contexts where it is not easy to preach the Gospel and bear witness to its truth, where believers are mocked, opposed, despised or at best tolerated and pitied.’

The pope said, for this reason, ‘missionary outreach is desperately needed.’

Pope Leo warned that a ‘lack of faith’ has led to not only a ‘loss of meaning in life’ for many, but also ‘the neglect of mercy, appalling violations of human dignity, the crisis of the family and so many other wounds that afflict our society.’

While congratulatory messages were issued by leaders of Catholic and non-Catholic nations alike, China did not issue a similar message upon the pope’s appointment on Thursday.

In a Friday press conference, when asked about the Church’s new leader, Chinese Foreign Ministry spokesman Lin Jian said, ‘We hope that under the leadership of the new pope, the Vatican will continue to have dialogue with China in a constructive spirit, have in-depth communication on international issues of mutual interest, jointly advance the continuous improvement of the China-Vatican relations and make contributions to world peace, stability, development and prosperity.’ 

This post appeared first on FOX NEWS

A Massachusetts suspect was charged this week with attempting to assassinate a cabinet nominee, the U.S. Department of Justice said. 

Ryan Michael English, 24, was arrested in January after allegedly attempting to bring a knife and two improvised Molotov cocktails into the U.S. Capitol to assassinate then-Treasury Secretary nominee Scott Bessent during his nomination.

On Thursday, English was charged with the attempted assassination of a cabinet member nominee and carrying a dangerous weapon on the grounds of the U.S. Capitol Building.

English had an initial court appearance on Thursday afternoon.

Prosecutors said that English had also originally plotted to kill House Speaker Mike Johnson, R-La., and Defense Secretary Pete Hegseth, and was inspired by United HealthCare CEO murder suspect Luigi Mangione. 

English walked up to a U.S. Capitol Police officer on Jan. 27 and allegedly stated, ‘I’d like to turn myself in,’ according to initial charging documents. 

English claimed to have two Molotov cocktails and two knives and expressed being there ‘to kill Scott Bessent,’ according to court documents. Federal prosecutors said English left home in Massachusetts and traveled to Washington with the intent of killing Hegseth, whom the suspect referred to as a ‘Nazi,’ and Johnson, and burning down the Heritage Foundation, a conservative think tank near the White House. 

Capitol Police officers found a folding knife and two improvised incendiary devices made of vodka bottles with a grey cloth affixed to the top inside English’s jacket during a search. 

They found a green lighter in another pocket. 

Fox News’ Danielle Wallace and Louis Casiano contributed to this report.

This post appeared first on FOX NEWS

Pakistan’s armed forces said they hit back at India, targeting military sites, after India fired missiles at three of its air bases in a frightening escalation between the two nuclear-armed neighbors.

India had earlier targeted the three air bases inside Pakistan with missiles, most of which were intercepted, on Saturday, Pakistani military officials said. 

The strike marks the latest escalation between the nuclear-armed rivals, a move triggered by a mass shooting that India blames Pakistan for.

In a televised address, Pakistani army spokesman, Lt. Gen. Ahmad Sharif, said the country’s air force assets were safe. 

He added that some of the Indian missiles also hit India’s eastern Punjab. There was no immediate comment from India.

‘This is a provocation of the highest order,’ Sharif said.

The missiles targeted Nur Khan air base in the garrison city of Rawalpindi, Murid air base in Chakwal city and Rafiqui air base in the Jhang district of eastern Punjab province, Sharif said. 

Some of the missiles landed in Afghanistan, he said. 

‘I want to give you the shocking news that India fired six ballistic missiles from its city of Adampur,’ said Sharif. One of the ballistic missiles hit Adampur, the remaining five missiles hit the Indian Punjab area of Amritsar.’

Earlier this week, Pakistan shot down more than two dozen drones.

The fraught relationship between the neighboring nations hit a low following an attack at a popular tourist area in India-controlled Kashmir, leaving 26 people dead. 

Most of those killed were Hindu tourists. India has blamed Pakistan, which denies any involvement.

This post appeared first on FOX NEWS

There’s more than one way to invest in copper. In addition to buying shares of copper stocks, investors can gain exposure through copper exchange-traded funds (ETFs) or copper exchange-traded notes (ETNs).

For the uninitiated, ETFs are securities that trade like stocks on an exchange, but track an index, commodity, bonds or a basket of assets like an index fund. In the case of base metal copper, there are various options — an ETF can track specific groups of copper-focused companies, as well as copper futures contracts or even physical copper.

ETNs also track an underlying asset and trade like stocks on an exchange, but they differ from ETFs in some ways. Specifically, ETNs are more like bonds — they are unsecured debt notes issued by an institution, and can be held to maturity or bought and sold at will. The main disadvantage to be aware of is that investors risk total default if an ETN’s underwriter goes bankrupt.

The copper outlook is strong as demand rises and concerns about supply increase as the energy transition gains traction. This has caused many investors to wonder how to take advantage of the potential in the copper market.

1. Global X Copper Miners ETF (ARCA:COPX)

Assets under management: US$2.09 billion

The Global X Copper Miners ETF tracks the Solactive Global Copper Miners Index, which covers copper exploration companies, developers and producers. The fund has an expense ratio of 0.65 percent.

The fund currently has 39 holdings, with the top three companies being First Quantum Minerals (TSX:FM,OTC Pink:FQVLF), Freeport-McMoRan (NYSE:FCX) and Lundin Mining (TSX:LUN,OTC Pink:LUNMF).

2. United States Copper Index Fund (ARCA:CPER)

Assets under management: US$162.94 million

The United States Copper Index Fund aims to give investors exposure to a portfolio of copper futures without using a commodity futures account. It has an expense ratio of 1.04 percent.

The fund tracks the performance of the SummerHaven Copper Index Total Return (INDEXNYSEGIS:SCITR), which is calculated based on certain copper futures contracts selected on a monthly basis.

3. Sprott Physical Copper Trust (TSX:COP.U,OTCQX:SPHCF)

Assets under management: US$96.59 million

A relatively new ETF, the Sprott Physical Copper Trust was established in July 2024 and is one of the first funds to be based around physical copper. The fund has an expense ratio of 2.03 percent.

As of the start of May 2025, the fund held 10,157 metric tons of copper worth US$96.59 million.

4. iShares Copper and Metals Mining ETF (NASDAQ:ICOP)

Assets under management: US$50.63 million

The iShares Copper and Metals Mining ETF tracks the STOXX Global Copper and Metals Mining Index, which is composed of public companies primarily engaged in copper and metal mining. It has an expense ratio of 0.47 percent.

The fund represents a global portfolio of 41 copper companies. Its top three holdings are Grupo Mexico (OTC Pink:GMBXF,BMV:GMEXICOB), BHP (NYSE:BHP,ASX:BHP,LSE:BHP) and Freeport McMoRan.

5. Sprott Copper Miners ETF (NASDAQ:COPP)

Assets under management: US$23.65 million

Sprott Asset Management bills its Sprott Copper Miners ETF as ‘the only pure-play ETF focused on large-, mid- and small-cap copper mining companies that are providing a critical mineral necessary for the clean energy transition.’

It came to market in March 2024, and has an expense ratio of 0.65 percent.

The fund is made up of a portfolio of 49 companies and has a market cap of US$279 billion; it is rebalanced twice a year in June and December. The fund’s top three holdings are Freeport-McMoRan, Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK) and Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF).

6. Sprott Junior Copper Miners ETF (NASDAQ:COPJ)

Assets under management: US$12.6 million

Launched in February 2023, the Sprott Junior Copper Miners is a pure-play ETF that, as its name suggests, is focused on small-cap copper miners. It has an expense ratio of 0.76 percent.

The fund consists of 40 companies, and its top three holdings are Northern Dynasty Minerals (TSX:NDM,NYSEAMERICAN:NAK), Solaris Resources (TSX:SLS,NYSEAMERICAN:SLSR) and Atalaya Mining (LSE:ATYM).

Like Sprott’s other copper fund on this list, COPJ is rebalanced twice a year in June and December.

7. iPath Series B Bloomberg Copper Subindex Total Return ETN (OTC Pink:JJCTF)

Assets under management: US$6.9 million

The iPath Series B Bloomberg Copper Subindex Total Return ETN provides exposure to the Bloomberg Copper Subindex Total Return. According to Barclays (LSE:BARC), the note ‘reflects the returns that are potentially available through an unleveraged investment in the futures contracts on copper.’ It is tied to the high-grade copper futures contract available on the Comex and carries an expense ratio of 0.75 percent.

Unlike an ETF, an ETN does not own the underlying asset. Instead, an ETN functions in the same way as an uninsured bond. Investopedia states that investors take their profits when they sell the note or it reaches maturity.

Securities Disclosure: I, Dean Belder, hold shares of Northern Dynasty Minerals.

This post appeared first on investingnews.com

  • Reviews 2025 exploration strategy across Freegold Mountain and Andalusite Peak
  • Advances acquisition strategy targeting high-grade silver assets
  • Engages Independent Trading Group to improve trading liquidity

triumph gold Corp. (TSXV: TIG) (OTC Pink: TIGCF) (FSE: 8N61) is pleased to provide an operational update as it enters 2025 with a refined exploration focus, strategic growth objectives, and a commitment to responsible development. The Company also announced it has engaged a market maker and granted incentive stock options.

Leadership and Direction

triumph gold continues under the leadership of John Anderson, Chairman and Interim Chief Executive Officer. With over 25 years of experience in the capital markets and resource sectors, Anderson has guided the Company since its early days as Northern Freegold.

‘We’ve taken meaningful steps to streamline operations and position the Company for disciplined growth,’ said Anderson. ‘With strong core assets, a focused strategy, and improving market conditions for gold and copper, Triumph prepares to enter the second quarter of 2025 ready to pursue opportunities that create long-term value’.

Key Assets and Positioning

Freegold Mountain Project

Located in Yukon, the flagship Freegold Mountain Project hosts over 2 million gold equivalent ounces across three mineralized zones, as defined in a 2020 NI 43-101 resource estimate. These deposits provide exposure to high-grade gold, copper, molybdenum, and tungsten at a time of increasing demand for critical minerals.

Andalusite Peak Property

Triumph’s Andalusite Peak copper-gold project is located in British Columbia’s Golden Horseshoe region, in proximity to major porphyry systems such as Saddle North and Red Chris. The Company plans to advance exploration in 2025 through geochemical surveys and mapping.

Favourable Jurisdictions
All assets are situated in well-established, mining-friendly regions of Yukon and British Columbia, offering stable permitting frameworks and access to infrastructure.

2025 Growth Strategy

triumph gold’s 2025 strategy centers on project advancement, portfolio expansion, and disciplined exploration:

  • Strategic Acquisitions
    The Company is evaluating potential acquisitions of high-quality silver projects to complement and diversify its current asset base.

  • Advancing Andalusite Peak
    Located in British Columbia’s Golden Horseshoe near Newmont’s Saddle North and Red Chris projects, the Andalusite Peak property will focus on geochemical surveys and detailed geological mapping in 2025.

  • Expanding Freegold Mountain Exploration
    Triumph will review historical datasets and define new exploration targets outside current resource zones to support potential discoveries.

Commitment to Responsible Development

triumph gold is committed to responsible exploration and development. The Company maintains active engagement with First Nations and local communities, recognizes the traditional territories on which its projects are located, and prioritizes environmental stewardship and cultural respect in all exploration activities.

Triumph Engages Independent Trading Group (ITG) as Market Maker

triumph gold announces that subject to regulatory approval, it has engaged the services of Independent Trading Group (‘ITG’) to provide market-making services in accordance with TSX Venture Exchange TSXV, CSE, and Cboe Canada policies. ITG will trade shares of the Company on the CSE/ Cboe Canada/ TSXV and all other trading venues to maintain a reasonable market and improve the liquidity of the Company’s common shares.

Under the agreement, ITG will receive compensation of CAD$6,500 per month, payable monthly in advance. The agreement is for an initial term of one month and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days’ notice. No performance factors are contained in the agreement, and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities. At the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.

triumph gold Issues Stock Options

The Company has granted 4,750,000 incentive stock options to directors, officers, employees, and consultants. The options are exercisable at $0.27 per share for a period of five years, with immediate vesting.

The options were granted pursuant to triumph gold’s rolling stock option plan, which has been approved by shareholders and the TSX Venture Exchange. This issuance is intended to retain and motivate key contributors and align long-term interests with those of shareholders.

Looking Ahead

triumph gold is entering 2025 with momentum, a clear strategy, and a commitment to shareholder value. The Company thanks its shareholders for their continued support and looks forward to sharing further updates in the months ahead. For more information or investor inquiries, please email John Anderson, Chairman & Interim CEO, at janderson@triumphgoldcorp.com.

About triumph gold Corp.

triumph gold is a Canadian-based, growth-oriented exploration and development company with a district-scale land package in the mining-friendly Yukon. Led by an experienced management and technical team, The Company is focused on actively advancing its flagship Freegold Mountain Project using multidiscipline exploration and evaluation techniques.

The road-accessible Freegold Mountain Project, located in the Dawson Range Au-Cu Belt, is host to three NI 43-101 Mineral Deposits (Nucleus, Revenue, and Tinta Hill). The Project is 200 square kilometres and covers an extensive section of the Big Creek Fault Zone, a structure directly related to epithermal gold and silver mineralization and gold-rich porphyry copper mineralization.

The Company owns 100% of the Big Creek and Tad/Toro gold-silver-copper properties situated along the strike of the Freegold Mountain Project within the Dawson Range.

The Company also owns 100% of the Andalusite Peak copper-gold property, 36 km southeast of Dease Lake within the Stikine Range in British Columbia.

triumph gold acknowledges the traditional territories of the Little Salmon Carmacks First Nation and Selkirk First Nation, on which the Company’s Yukon mineral exploration projects are located. triumph gold has a longstanding, ongoing engagement with these First Nations through communication, environmental stewardship, and local employment.

For more information, please visit triumphgoldcorp.com.

For further information about triumph gold, please contact:

John Anderson, Executive Chairman
triumph gold Corp.
(604) 218-7400
janderson@triumphgoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors – including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedarplus.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251572

News Provided by Newsfile via QuoteMedia

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Here’s a quick recap of the crypto landscape for Friday (May 9) as of 9:00 p.m. UTC.

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

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$103,027 as markets opened, up 1.3 percent in 24 hours. After breaking through the US$100,000 threshold Thursday (May 8) the digital asset has found support. The day’s range has seen a low of US$102,871 and a high of US$103,672.

Bitcoin performance, May 9, 2025.

Chart via TradingView.

Bitcoin’s recent price surge is driven by the US government’s decision to legalize strategic Bitcoin reserves—boosting investor confidence and signaling institutional backing—alongside growing global adoption supported by favorable regulations and broader acceptance across sectors.

Ethereum (ETH) started the trading day at US$2,220 and quickly rallied. The cryptocurrency reached an intraday low of US$1,792.06 and saw a daily high of US$2,415.

Altcoin price update

  • Solana (SOL) opened at US$169.63 up 4.57 percent over 24 hours. SOL experienced a low of US$151.51 and a high of US$171.39.
  • XRP was trading at US$2.33, reflecting a 5 percent increase over 24 hours. The cryptocurrency reached a daily high of US$2.36 midday.
  • Sui (SUI) was priced at US$3.80, showing an increaseof 0.50 percent over the past 24 hours. It achieved a daily low of US$3.36 and a high of US$3.92.
  • Cardano (ADA) is trading at US$0.7866, up 7 percent over the past 24 hours. Its lowest price of the day was US$0.71, and it reached a high of US$0.79.

Today’s crypto news to know

Bitcoin surges past $100,000 amid trade optimism and institutional inflows

Bitcoin (BTC) has reclaimed the US$100,000 mark for the first time since February, driven by optimism surrounding a new US-UK trade deal and significant institutional investments. On May 8, US Bitcoin ETFs saw net inflows totaling US$117.4 million, with BlackRock’s IBIT and Fidelity’s FBTC leading the gains.

Additionally, the Federal Reserve’s decision to hold interest rates steady has bolstered investor confidence in crypto markets.

Coinbase acquires Deribit in landmark US$2.9 billion crypto derivatives deal

Coinbase has announced its acquisition of Deribit, a leading crypto derivatives exchange, for $2.9 billion—the largest deal in the crypto industry to date. This strategic move positions Coinbase to expand its offerings in the crypto options market, catering to the growing demand for advanced trading products.

The acquisition includes US$700 million in cash and 11 million shares of Coinbase Class A common stock. Deribit, which processed US$1.2 trillion in trading volume last year, controls approximately 85 percent of the global crypto options market.

This deal is expected to enhance Coinbase’s presence in the international derivatives market and diversify its revenue streams.

Analysts view the acquisition as a significant step for Coinbase to compete with other major exchanges like Binance and Kraken in the derivatives space. The transaction is subject to regulatory approvals and is anticipated to close later this year. Until then, Deribit will continue its operations as usual.

Celsius founder sentenced to 12 years for crypto fraud

Alex Mashinsky, founder and former CEO of Celsius Network, has been sentenced to 12 years in federal prison for defrauding customers and manipulating the price of the company’s CEL token.

Between 2018 and 2022, Mashinsky misled investors about the safety of their funds, using customer deposits to inflate CEL’s value and personally profiting over US$48 million. Celsius, which once managed over US$25 billion in assets, collapsed in 2022 amid a broader crypto market downturn, leaving thousands of users unable to access their funds.

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

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

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Exchange-traded funds (ETFs) are one of the fastest-growing investment vehicles, and as uranium’s role in the energy transition grows, investors are becoming increasingly interested in uranium ETFs and related products.

After years of dormancy, the uranium spot price zoomed past the US$100 per pound level in early 2024 on supply risks and a strong outlook for long-term demand. Although it’s since pulled back, bulls believe it still has room to run.

Supporting factors include the lack of new uranium mines, Russia’s dominance in conversion and enrichment, rising demand for low-carbon energy sources and the continued development and deployment of small modular reactors.

There is also increasing demand for uranium from China and India as both of these countries grapple with air pollution in the face of growing electricity demand. China is working to expand its nuclear power capacity, and although it ranks among the top 10 uranium-producing countries, it relies heavily on uranium imports.

Compounded, these factors are creating a mounting supply deficit.

“This year, uranium mines will only supply 75 percent of demand, so 25 percent of demand is uncovered,” Amir Adnani, CEO and president of Uranium Energy (NYSEAMERICAN:UEC), said at a January 2025 event.

Although the fundamentals are promising, the U3O8 spot price has faced pressure in 2025, with prices below US$80 since the start of the year. As supply tightens, incentivizing new projects to come online is becoming imperative.

“Next year, uranium demand is going up because there are 65 reactors under construction, and we haven’t even started talking about small and advanced modular reactors,” Adnani said. “Small and advanced modular reactors are an additional source of demand that, maybe not next year, but within the next three to four years, can become a reality.”

As mentioned, that backdrop is helping uranium ETFs and related investment products gain steam. Today there are five uranium ETFs available, as well as four investment vehicles backed by physical uranium — and perhaps more to come.

Read on to learn about the uranium ETFs and related vehicles on offer. All data was current as of May 5, 2025.

Uranium ETFs tracking uranium stocks

1. Global X Uranium ETF (ARCA:URA)

Total asset value: US$2.7 billion

The Global X Uranium ETF tracks a basket of uranium miners, as well as nuclear component producers.

The fund has an expense ratio of 0.69 percent and a yearly return of negative 17.23 percent, a decline that coincides with the recent pullback in the uranium price.

Uranium companies account for a significant portion of its portfolio, and nearly half of those companies are Canadian. The ETF’s top two uranium company holdings are major uranium producer Cameco (TSX:CCO,NYSE:CCJ) at a weight of 22.31 percent and NexGen Energy (TSX:NXE) at 5.64 percent. Interestingly, one of its top three holdings is the Sprott Physical Uranium Trust (TSX:U.U) at a weight of 8.52 percent.

2. Sprott Uranium Miners ETF (ARCA:URNM)

Total asset value: US$1.32 billion

The Sprott Uranium Miners ETF includes both uranium producers and explorers for broader exposure. The fund has an expense ratio of 0.75 percent and a yearly return of negative 34.69 percent.

Uranium stocks with market caps under US$2 billion account for 48.7 percent of the ETF’s holdings. Its top three holdings are Cameco at 15.28 percent, the Sprott Physical Uranium Trust at 13.21 percent and Kazatomprom (LSE:59OT,OTC Pink:NATKY) at 12.99 percent.

3. VanEck Vectors Uranium + Nuclear Energy ETF (ARCA:NLR)

Total asset value: US$1.02 billion

The VanEck Vectors Uranium + Nuclear Energy ETF launched in 2007 and tracks a market-cap-weighted index of stocks in the uranium and nuclear energy industries. Its expense ratio is 0.61 percent and its yearly return is negative 0.12 percent.

This uranium ETF’s top three holdings are Constellation Energy Group (NASDAQ:CEG) at a weight of 8.49 percent, Public Service Enterprise Group (NYSE:PEG) at 7.38 percent and Endesa (OTC Pink:ELEZF,SSE:ELE) at 6.95 percent.

4. Sprott Junior Uranium Miners ETF (NASDAQ:URNJ)

Total asset value: US$232.29 million

The Sprott Junior Uranium Miners ETF launched in February 2023, making it one of the newest additions to the uranium ETF universe. The ETF has an expense ratio of 0.8 percent and a yearly return of negative 15.51 percent.

It tracks the NASDAQ Sprott Junior Uranium Miners Index (INDEXNASDAQ:NSURNJ), which follows small-cap uranium companies. The fund’s 33 holdings are all uranium mining, development or exploration companies. Its top three holdings are Paladin Energy (ASX:PDN,OTCQX:PALAF) at 12.46 percent, Uranium Energy (NYSEAMERICAN:UEC) at 10.32 percent and NexGen Energy at 10.25 percent.

5. Horizons Global Uranium Index ETF (TSX:HURA)

Total asset value: US$55.08 million

The Horizons Global Uranium Index ETF was Canada’s first pure-play uranium ETF and provides exposure to uranium industry growth. It has an expense ratio of 1.06 percent and a yearly return of negative 25.2 percent.

Created in 2019, the fund’s top holdings are Cameco with a weight of 20.68 percent, Kazatomprom at a weight of 17.12 percent and the Sprott Physical Uranium Trust at 15.25 percent.

Physical uranium investment vehicles

1. Sprott Physical Uranium Trust (TSX:U.U)

Total asset value: US$4.09 billion

Of all the uranium-focused funds, this one has created the most buzz. Launched in July 2021, the Sprott Physical Uranium Trust quickly made its mark on the sector, stoking investor interest and prices for the commodity.

The fund holds 66.22 million pounds of U3O8, has an expense ratio of 0.64 percent and has a yearly return of negative 34.57 percent.

2. Yellow Cake (LSE:YCA,OTCQB:YLLXF)

Total asset value: US$983.66 million

Founded in 2018, Yellow Cake is a uranium company that provides investment exposure to the uranium spot price through its physical holdings of uranium and uranium-related commercial activities.

Yellow Cake’s current holdings total 21.68 million pounds of U3O8. Its access to material volumes of uranium at prevailing market prices comes via its long-term partnership with Kazatomprom. Through this partnership, it has the option to purchase up to US$100 million of uranium annually through 2027.

3. Zuri-Invest Uranium AMC

Total asset value: US$1.65 billion

Launched in April 2023, Zuri-Invest’s product is directly linked to physical uranium, and is the first actively managed certificate (AMC) in the sector. According to Zuri-Invest, “an AMC is a security that can be managed on a discretionary basis enabling the active management of a chosen investment strategy.”

Qualified non-US institutional and professional investors can take part in this physical uranium AMC (Swiss ISIN code CH1214916533) through their bank. The custodian of the product is Cameco, which holds the physical uranium in a secure storage facility in Canada.

4. xU3O8

Total asset value: US$5.93 million

One of the newest ways to gain exposure to physical uranium is through the token xU3O8.

Using the power of the Tezos blockchain and real-world asset tokenization, the xU3O8 token from uranium.io gives investors the ability to directly own and trade physical uranium. Launched in 2024, xU3O8’s 38,464.62 kilograms of U3O8 are stored at a secure Cameco facility, with Archax acting as trustee.

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

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