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Cardinal Robert Francis Prevost of the United States has been elected the 267th pope and has stepped onto the balcony of St. Peter’s Basilica as the new leader of the world’s 1.4 billion Catholics.

He’s now known as Pope Leo XIV.

Prevost, 69, from Chicago, Illinois, is the first ever pope from the United States.

In his first words as pope, a visibly emotional Leo said to the crowd in St. Peter’s Square: “Peace be with you all.”

Addressing the crowd in St. Peter’s Square, Leo paid tribute to the late pontiff Francis, urging the crowd to remember his predecessor’s legacy before outlining his vision for the Catholic Church.

“We have to seek together to be a missionary church. A church that builds bridges and dialogue,” he said. Speaking in Italian to thousands of Catholic faithful, Leo called on people to “show our charity” to others “and be in dialog with love.”

Leo was chosen just two days after a group of 133 Cardinals gathered in conclave to select a new pontiff.

That timeline matches the previous two gatherings, suggesting that Prevost quickly impressed his peers during the secretive process.

Francis and Benedict XVI were both revealed in the evening of the conclave’s second day, while John Paul II, the longest-reigning pope of modern times, was selected on the third day in 1978.

‘An exceptional leader’

A leader with global experience, Prevost spent much of his career as a missionary in South America and most recently led a powerful Vatican office for bishop appointments. He is expected to build on Francis’ reforms.

Prevost worked for a decade in Trujillo, Peru, and was later appointed bishop of Chiclayo, another Peruvian city, where he served from 2014 to 2023. In 2015, he also received Peruvian citizenship.

The new pontiff is a member of the Augustinian religious order – which he also led for more than a decade as their prior general, which has given him leadership experience of leading an order spread across the world.

Considered a highly capable and accomplished leader, Prevost most recently led the powerful Vatican office for new bishop appointments, the Dicastery for Bishops, assessing candidates and making recommendations to the late pope. He also served as the president of the Pontifical Commission for Latin America.

While it is often said cardinal electors would always shy away from choosing a pope from the US, due to America’s outsized global political influence, Prevost’s long experience in Peru may have mitigated those fears among the electors.

Allen added that he is seen as an apt leader in Vatican circles because “he’s able to accomplish things without necessarily being authoritarian about the way he did things.”

“Prevost is somebody who is seen as an exceptional leader. From very young, he was appointed to leadership roles,” Allen said. “He’s seen as somebody who is calm and balanced, who is even-handed, and who is very clear on what he thinks needs to be done… but he’s not overly forceful in trying to make that happen.”

Prevost earned his bachelor’s in mathematics from Villanova University in Pennsylvania and went on receive his diploma in theology from the Catholic Theological Union of Chicago.

He was later sent to Rome to study canon law at the Pontifical Saint Thomas Aquinas University and was ordained as a priest in June 1982. Later in his career, he taught canon law in the seminary in Trujillo, Peru.

In an interview with Vatican News shortly after he became the leader of the Dicastery for Bishops, Prevost said: “I still consider myself a missionary. My vocation, like that of every Christian, is to be a missionary, to proclaim the Gospel wherever one is.”

Days of celebration

The coming days are for celebration; Leo’s name will be uttered in homilies and masses across the Catholic world, and will spark particularly joyous scenes in his home country. Adding to festivities, and to the new pope’s diary commitments, is the fact that 2025 is a jubilee year for the church – a special celebration announced by Pope John Paul II 25 years ago, which sees a busy schedule of Vatican-organized events.

But leading the largest Christian denomination through an unpredictable era will require difficult and consequential decisions. The new pope inherits a church whose image and ambitions were transformed by its predecessor; Francis pulled the priorities of the church away from social issues such as abortion, homosexuality, gender roles and contraception, advocating instead for the world’s poor, displaced and needy, and instilling a mission anchored in altruism.

Whether or not to continue that trajectory will be a defining choice for the new pontiff. Francis’ rejection of opulence and his softer tone on social issues was praised by some Western leaders, but there remains a faction in the church advocating for a stricter line on questions of sex, gender, marriage and migration.

Asked about the contributions of three women who were made members of the Dicastery for Bishops, Prevost told Vatican News: “I think their appointment is more than just a gesture on the part of the Pope to say that there are now women here, too. There is a real, genuine, and meaningful participation that they offer at our meetings when we discuss the dossiers of candidates.”

He must also choose carefully when to intervene on the world stage. Francis became increasingly political in the final years of his papacy, making the case for the rights of migrants, urging a ceasefire in the Israel-Hamas war, and suggesting – to the ire of Kyiv – that Ukraine should wave “the white flag” and make concessions to end Russia’s war in the country.

These ongoing conflicts, and the rise of populism and authoritarianism around the world, set a complicated context in which the new pope – himself an important figure in global diplomacy – will operate.

And he must deal with crises from within, too. Francis’ failure to bring a close to the years-long scandal of child sexual abuse in the church will also reverberate through his successor’s papacy. Though he spoke defensively about his record on the matter, and took some important steps to tackle systemic issues involving abuse, the previous pope was accused by survivors’ groups of failing to hold accountable bishops and cardinals accused of covering up abuse.

Previously addressing the responsibility of combating clerical abuse, Prevost told Vatican News: “There are places where good work has already been done for years and the rules are being put into practice. At the same time, I believe that there is still much to learn.”

Last year, Francis’ commission for child protection said in its first report that parts of the church are still failing to ensure that abuse is properly reported, and raised concerns about a “lack of transparency” in how the Vatican handled cases.

This post appeared first on cnn.com

A pair of hawkish, Trump-supporting Senate Republicans say that any ‘lasting’ Iran nuclear deal would need to be approved by Congress, ideally through a two-thirds majority treaty vote. 

But scoring a two-thirds majority in the Senate for treaty ratification would require Iran to fulfill a series of steep demands. In addition to getting rid of all of its enriched uranium and centrifuges, GOP lawmakers say it would need to dismantle its ballistic missile program and cease all support for terrorist groups across the Middle East.

‘If they want the most durable and lasting kind of deal, then they want to bring it to the Senate and have it voted on as a treaty,’ Sen. Tom Cotton, R-Ark., said in response to a question from Fox News Digital. 

‘That was one reason why President Obama’s deal was so weak,’ Cotton went on. ‘An agreement between the American president, whoever he or she may be, and a foreign leader, can be reversed by future presidents, which President Trump rightly did seven years ago today.’

In 2015, Cotton led an open letter signed by Senate Republicans to Iranian leaders warning that any nuclear agreement not approved by Congress could be undone by a future administration. The move was widely viewed as a direct effort to undermine President Barack Obama’s ongoing negotiations.

Sen. Lindsey Graham, R-S.C., echoed the call for congressional oversight, saying that ‘at a minimum’ any deal must go through the Iran Nuclear Agreement Review Act (INARA), which passed Congress in 2015 with resounding bipartisan support and guarantees lawmakers a chance to review any accord reached with Tehran.

Graham said he had told Secretary of State Marco Rubio there was ‘no way’ to get 67 votes to ratify a treaty agreement without Iran totally dismantling its nuclear and missile programs and support for terrorism. 

The senators also drew a parallel with the so-called 123 agreements – the legal frameworks that govern U.S. civil nuclear cooperation with foreign nations. These agreements require strict safeguards to prevent the development of nuclear weapons.

‘It’s also customary in some cases for the Congress, not just the Senate, to pass ordinary legislation that supports the so-called 123 agreements,’ Cotton noted, suggesting that any comprehensive deal with Iran should be treated with similar legislative rigor.

Cotton and Graham spoke to reporters after introducing a resolution outlining ‘acceptable’ terms of an Iran deal, including total cessation of uranium enrichment. 

According to the International Atomic Energy Agency (IAEA), Iran has amassed enough highly enriched uranium to potentially build several nuclear weapons if it chose to do so – though U.S. intelligence assessments maintain that Tehran has not yet made a decision to weaponize.

Both U.S. and Israeli officials have ramped up their threats against the regime. Trump has made clear that if talks go south, the U.S. will engage in direct military action to thwart Iran’s nuclear program. 

Graham suggested the regime only has ‘weeks’ to acquiesce to a deal. 

‘We’re not talking about long, protracted negotiations,’ the South Carolina Republican said. ‘We’re talking weeks, not months, not years. The potential of Iranian breakout looms large here. Israel’s desire to bring closure to this issue looms large here.’

This post appeared first on FOX NEWS

An analysis of the Trump administration’s efforts to end diversity, equity and inclusion throughout the federal government during the president’s first 100 days in office revealed that nearly 750 DEI employees have been placed on leave or fired for a savings of more than $2 billion.

The analysis provided by the White House showed that the Environmental Protection Agency, the Department of Education and the Department of Labor saw some of the biggest savings. The trio of agencies fired or placed on leave 256 DEI employees, saving taxpayers over $1.3 billion, the analysis noted.

Overall, the Trump administration let go of 745 employees working in DEI offices or on DEI-related programs throughout the government and saved taxpayers roughly $2.33 billion. 

‘President Trump ordered the end of radical and racist DEI propaganda in government, and the administration is swiftly enacting the president’s order,’ White House principal deputy communications director Alex Pfeiffer told Fox News Digital. ‘Common sense has returned to government.’

In addition to savings and staff cuts, the White House’s analysis highlighted the various grants that were slashed and other changes made as a result of the Trump administration’s efforts to rid the federal government of DEI.

Those programs included race-based grants or quota programs at multiple agencies and race-based promotion commitments. Multimillion-dollar grants for DEI training and DEI-focused activist groups were also among the cuts at most agencies.

At the State Department, a $5 million grant to ‘strengthen organizational capacity leadership and impact for mid-sized autonomous intersex and trans human rights organizations’ was cut. The Department of Agriculture (USDA) saved $1.7 million by eliminating four years of DEI staff training on topics ranging from ‘microaggressions’ to ‘identifying and preventing racism in your marketing.’ 

‘You must accept what has happened and what you have done,’ a narrator of one of the LinkedIn training sessions funded through these grants stated. ‘If you can’t accept what the marketplace is telling you, that this piece of content is sexist, racist, homophobic … you can’t move forward as a leader.’  

Other USDA grants, according to the White House’s analysis, spent money on staff training aimed at ‘cultivat[ing] an Eye for Inequity,’ while Trump administration staff also found ‘DEI Bingo’ cards left over from the Biden administration. The bingo cards included spaces to be checked off, like, ‘I know what the ‘I’ in LGBTQIA+ means’ and ‘I have pronouns in my signature line.’

USDA also dispersed race-based grants, such as money for ‘LATINX Growers’ and ‘Black Women’s Regenerative Farming,’ according to the White House analysis. The analysis also indicated that the USDA spent $600,000 on research into the menstruation of biological males and $361,000 to support queer and trans farmers.

Similar DEI-related materials were found at the Department of Education, including a white board with bullet points about race-centric priorities. Below the heading ‘Projects’ was a bullet point that said ‘Black male resource doc,’ while ‘Goals of the Week’ included ‘Tighten up Black Ed Roundtable’ and ‘PAC pictures.’ Another box on the whiteboard said, ‘Black male political appointees.’ 

The Education Department under President Donald Trump has also slashed grants promoting racial hiring quotas and numerous teacher training sessions on topics like resisting ‘settler patriarchy’ and how America’s education system is one of the ‘settler-colonial realities.’

According to the administration’s analysis of its DEI cuts, almost 100 antisemitic incidents were left unresolved by the former Biden-Harris administration’s Office of Civil Rights within the Education Department. According to the analysis, staffers in the Education Department’s Office of Civil Rights were also told by the last administration to ‘sit on’ a civil rights complaint against transgender swimmer Lia Thomas. 

The Biden administration also reportedly neglected Freedom of Information Act requests about its DEI efforts. The White House’s analysis recorded as many as 4,000 outstanding requests sent to the Department of Labor, which, under President Joe Biden, promoted DEI-based hiring and mandatory training programs for staff.

The Health and Human Services Department also saw steep cuts to DEI programs during Trump’s first 100 days. 

At the National Institutes of Health alone, over $350 million in DEI projects were slashed, including grants for studying ‘multilevel and multidimensional structural racism’ and ‘gender-affirming hormone therapy in mice,’ among others.

In addition to all the cuts, the Trump administration has taken steps to rectify the Biden administration’s DEI focus. It ended DEI-related training courses within the DOT online learning management system and disabled an internal email feature at the Department of Transportation that let users list their pronouns. The administration did the same with other pronoun policies at other agencies.

The administration has also taken proactive steps at other agencies, such as removing DEI criteria from more than 2,900 supervisory performance standards at the Energy Department. At the Department of Interior, the agency’s ‘DEIA Council’ was terminated. It had a stated purpose of embedding diversity, equity and inclusion principles into ‘everything’ the agency does.

Trump’s crusade against DEI began on the first day of his second presidency with an executive order, ‘Ending Radical And Wasteful Government DEI Programs And Preferencing.’ In the order, President Trump accused the Biden administration of forcing ‘illegal and immoral’ DEI programs on the American people. 

‘This was a concerted effort stemming from President Biden’s first day in office,’ Trump’s order insisted. 

This post appeared first on FOX NEWS

A former top aide in President Donald Trump’s first administration is arguing that Republicans raising taxes on wealthy Americans ‘makes no sense.’

Marc Short, the former chief of staff to ex-Vice President Mike Pence, was an integral part of negotiations for Trump’s 2017 Tax Cuts and Jobs Act (TCJA). He also served in Trump’s first White House as director of legislative affairs from 2017 to 2018.

‘Raising taxes on America’s highest earners and biggest job creators makes no sense. I don’t understand why there are some inside the current administration who are pushing Congress to raise the top rate, because again, these are America’s job creators,’ Short said.

‘So many small businesses file taxes as individuals. And so you’re actually going to be raising taxes on many small businesses, not just individuals.’

Congressional Republicans are working on a massive piece of legislation that Trump has dubbed his ‘big, beautiful bill,’ aimed at advancing his policies on tax, border security, immigration, energy, defense and the national debt.

The tax policy portion is expected to be the costliest, and House negotiators are working on identifying a number of areas to cut a total of at least $1.5 trillion to offset the new spending.

A source familiar with Trump’s thinking told Fox News Digital he’s considering allowing the rate on individuals making $2.5 million or more to revert from 37% to the pre-2017 39.6%. 

It will help pay for massive middle- and working-class tax cuts as well as protect Medicaid, the source said.

The TCJA lowered the tax rate for the top income bracket — currently $609,350 for single filers — to 37%, a cut that’s expiring at the end of this year.

Creating a new, higher tax bracket for people earning significantly more than that would help pay for extending the 2017 tax cuts as well as implementing Trump’s new priorities: eliminating taxes on tips, overtime pay and retirees’ Social Security checks.

But Short, who helped get the 2017 package passed, dismissed those new Trump priorities as short-sighted political sweeteners.

‘I feel like some of the administration’s new requirements are somewhat gimmicky. I’m not sure many Americans who earn their income based on tips are even paying taxes on those tips right now. And I think we should begin to extend that to say no tax on overtime,’ he said.

Short said those changes would create ‘a lot of additional hurdles for businesses to comply with.’

‘I think the no tax on Social Security, it seems like what we’re trying to do is different from 2017, when we passed the Tax Cuts and Job Act,’ he said. ‘We tried to simplify the tax code, make it flatter and fair for all Americans, as opposed to creating carve-outs for certain constituencies.’

Fox News Digital reached out to the White House for a response to Short’s remarks.

Some conservative groups like the Heritage Foundation and Americans for Prosperity are also wary of a potential tax hike for the wealthy.

Richard Stern, director of the Hermann Center for the Federal Budget at the Heritage Foundation, said the group is opposed to efforts to raise tax rates to 40% or higher.

‘Congress needs to get its fiscal house in order, but it must do so by tightening its own belt, not by forcing American taxpayers to tighten theirs. A higher top tax rate would be counterproductive, discouraging hard work and entrepreneurship,’ Stern said.

Americans for Prosperity chief government affairs officer Brent Gardner said in a statement, ‘Raising taxes on any American should be completely off the table.’

This post appeared first on FOX NEWS

The Department of Justice has opened a criminal investigation into New York Attorney General Letitia James, Fox News has learned.

A source familiar with the matter confirmed that a grand jury in the Eastern District of Virginia sent out subpoenas related to accusations that James misrepresented a single-family home in Virginia as her primary residence to obtain more favorable loan terms.  

News of the federal probe follows a criminal referral from the Trump administration’s Federal Housing Finance Agency Director William Pulte, who requested the DOJ investigate James over that matter and another incident in which she allegedly misrepresented the number of livable units in a multifamily Brooklyn house to once again obtain better loan terms. 

‘These baseless and long-discredited allegations, put to rest by my April 24 letter to the Department of Justice, are suddenly back in the news just days after President Trump publicly attacked Attorney General James,’ James’ attorney, Abbe Lowell, said Thursday. 

‘This appears to be the political retribution President Trump threatened to exact that AG Bondi assured the Senate would not occur on her watch. If prosecutors are genuinely interested in the truth, we are prepared to meet false claims with facts.’

After Pulte’s criminal referral was sent to the Justice Department, specifically U.S. Attorney General Pam Bondi, Lowell followed up with his own letter to Bondi and the Justice Department, accusing the president of seeking ‘political retribution.’ 

James has been part of a group of Democratic attorneys general who have sued to halt many of Trump’s orders during his first few months in the Oval Office. 

Additionally, James was the catalyst behind Trump becoming the first U.S. president sentenced as a felon. She was the lead prosecutor in a case she brought against Trump and the Trump Organization that alleged Trump and his company falsified business records to obtain more favorable loan terms.

Trump was convicted on 34 felony counts of falsifying business records and was ordered to pay $350 million in penalties and is appealing the conviction.

‘The stunning hypocrisy of President Trump’s complaint that the Justice Department had been ‘politicized’ and ‘weaponized’ against him is laid bare as he and others in his administration are now asking you to undertake the very same practice,’ Lowell wrote in his letter to Bondi.

Lowell, in his letter, pointed to instances when Trump has called for revenge and instances when the president has personally attacked James. 

Lowell also responded to the allegations, including the claim James listed a home in Virginia as her primary residence while serving as a state official in New York. According to Lowell, James had no intention of using the property as a primary residence, and her indication of this in a power-of-attorney letter was a mistake. Lowell pointed out there were other documents in which James indicated to her lender that the Virginia home would not be her primary residence. 

James is also accused of fraud for allegedly inflating the number of livable units in a multifamily Brooklyn home to receive better interest rates. Lowell accuses Pulte of disregarding updated documentation listing the residence as a four-unit multifamily residence and instead pointing to a certificate of occupancy from 2001. 

This post appeared first on FOX NEWS

Former Vice President Mike Pence has a message for his old boss.

Pence is urging President Donald Trump, under whom he served as vice president in Trump’s first administration, not to raise the tax rate on wealthy Americans.

Trump’s 2017 Tax Cuts and Jobs Act, the signature domestic achievement of his first White House term, is scheduled to expire this year if it’s not extended by Congress.

The Trump White House and some congressional Republicans for weeks have mulled letting the tax reductions on the wealthy sunset as a way to pay for the rest of the tax cuts as well as Trump’s other pricey second-term priorities. 

 

And the president, during a Wednesday phone call, pushed House Speaker Mike Johnson to raise taxes on the highest income earners and close the carried interest loophole in the reconciliation process, Fox News Digital confirmed. The development was first reported Thursday by Punchbowl News.

A source familiar with Trump’s thinking said Trump is considering allowing the rate on individuals making $2.5 million or more to increase by 2.6%, from 37% to 39.6%.

But Pence, a fiscal conservative and budget hawk during his long political career in the House of Representatives, as Indiana governor and as vice president, strongly cautioned against upping the rates on the highest earners.

‘Any suggestion that I’ve heard among some in and around the administration that we raise the top margin rate, the so-called millionaires tax, would be an enormous tax increase on small business owners across America,’ Pence said. ‘It needs to be opposed.’

And the former vice president, in an interview with Fox News Digital this week, argued that ‘the majority of people that file taxes of a million dollars are simply individuals that own businesses, and they file their taxes as an individual, but then plow that money back into their company. If you raise that top margin, it would be an enormous tax increase on small business America.’

‘Let’s make all the Trump-Pence tax cuts permanent. That’s a way to really lay a foundation to grow the economy in the days ahead,’ Pence urged.

Pence, who was interviewed in Boston after receiving the John F. Kennedy Profiles in Courage award, gave ‘President Trump all the credit in the world for an historic victory last November, and for sparing the country one more liberal Democrat administration.’

He also praised Trump ‘not only for his victory, but for securing our southern border, for restoring morale and recruitment in our military, for taking the fight to the Houthis.’

But he argued that ‘I truly do believe that some of the other steps the president is taking away from that conservative agenda should be a concern that would work against his legacy and ultimately the success of our party or our country. And so we’re going to continue to be a voice against them.

‘I really do believe that for prosperity … for the success of our country, we need to stick to those time-honored principles of strong defense, American leadership on the world stage, less government, less taxes, traditional moral values and the right to life, and I’m going to be a voice for that,’ Pence added.

This post appeared first on FOX NEWS

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to invite investors and other interested parties to attend the Company’s upcoming interview with Radius Research.

CEO Bart Jaworski is providing an update on ZNG’s Ballywire high-grade zinc-lead-silver (+/- germanium, +/- copper) discovery in the Republic of Ireland.

Group Eleven is a mineral exploration company focused on advanced-stage zinc exploration in the Republic of Ireland. Group Eleven announced the Ballywire zinc-lead-silver discovery in September 2022. Ballywire is located 20 kilometres from the company’s 77.64-per-cent-owned Stonepark zinc-lead deposit, which itself is located adjacent to Glencore’s Pallas Green zinc-lead deposit. The company’s two largest shareholders are Glencore Canada (16.1% interest) and Michael Gentile (16.0 %).

The webinar will be a live, interactive online event where attendees are invited to ask the Company questions in real-time following the interview. An archived webcast will be made available for those who cannot join the event live on the day of the webinar.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251328_18699fea04f75825_002full.jpg

Event: Radius Research Pitch, Deep Dive and Q&A with Group Eleven Resources
Presentation Date & Time: Friday, May 9th @ 1 PM ET / 10 AM PT

Webcast Registration Link:
https://us02web.zoom.us/webinar/register/2217454525321/WN_rbcETYVHSkKaIyDcqlKduQ

Market Radius Research gives individual investors access to in-depth CEO interviews with deep-dive institutional-level discussion and Q&A. Market Radius is hosted by Martin Gagel, former top-ranked sell-side technology and specialist analyst. By registering for this webinar you agree to receive a weekly email from Radius Research (with one-click unsubscribe if you’re not interested) and your contact information will be shared with the presenting company.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in the Republic of Ireland. Group Eleven announced the Ballywire discovery in September 2022. The Company’s two largest shareholders are Glencore Canada Corp. (16.1% interest) and Michael Gentile (16.0%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514

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

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251328

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
  OR FOR DISSEMINATION IN THE UNITED STATES

Brunswick Exploration Inc. (‘ Brunswick ‘ or the ‘ Corporation ‘) (TSX-V: BRW, OTCQB: BRWXF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., to act as co-lead agent and sole bookrunner along with Canaccord Genuity Corp. as co-lead agent (collectively, the ‘ Agents ‘), in connection with a ‘best efforts’ private placement (the ‘ Marketed Offering ‘) for aggregate gross proceeds of up to C$2,500,000 from the sale of (i) units of the Corporation (the ‘ LIFE Units ‘) at a price of C$0.13 per LIFE Unit (the ‘ Offering Price ‘) and (ii) units of the Corporation (the ‘ Non-LIFE Units ‘, and collectively with the LIFE Units, the ‘ Offered Securities ‘) at a price of C$0.15 per Non-LIFE Unit. A strategic investor has made a lead order to subscribe for Non-LIFE Units under the Offering.

Each LIFE Unit will consist of one common share of the Corporation (each, a ‘ Unit Share ‘) and one half of one common share purchase warrant (each whole warrant, a ‘ LIFE Warrant ‘). Each whole LIFE Warrant will entitle the holder thereof to purchase one common share of the Corporation (each, a ‘ Warrant Share ‘) at a price of C$0.20 at any time for a period of 36 months following the Closing Date (as defined herein).

Each Non-LIFE Unit will consist of one Unit Share and one common share purchase warrant (each, a ‘ Non-LIFE Warrant ‘). Each Non-LIFE Warrant will entitle the holder thereof to purchase one Warrant Share at a price of C$0.25 at any time for a period of 36 months following the Closing Date.

The Agents will have an option, exercisable in full or in part, up to 48 hours prior to the Closing Date, to raise up to C$1,000,000 in additional gross proceeds from the sale of LIFE Units at the Offering Price (the ‘ Agents’ Option ‘, and together with the Marketed Offering, the ‘ Offering ‘).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘ NI 45-106 ‘), the LIFE Units will be offered for sale to purchasers in all the provinces of Canada (the ‘ Canadian Selling Jurisdictions ‘) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The securities to be issued pursuant to the sale of LIFE Units are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.

The Non-LIFE Units will be offered by way of the ‘accredited investor’ and ‘minimum amount investment’ exemptions under NI 45-106 in the Canadian Selling Jurisdictions. The securities to be issued pursuant to the sale of Non-LIFE Units will be subject to a four-month hold period in Canada pursuant to applicable Canadian securities laws.

The Offered Securities may also be issued to purchasers outside of Canada, including to purchasers resident in the United States pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933 (the ‘ U.S. Securities Act ‘), as amended.

The Corporation intends to use the net proceeds of the Offering for exploration activities at the Company’s Québec and Greenland projects, as well as for general corporate purposes and working capital.

The Offering is scheduled to close on May 28, 2025 (the ‘ Closing Date ‘), or such other date as the Corporation and the Agents may agree. Completion of the Offering is subject to certain conditions including, but not limited to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

There is an offering document related to the Offering that can be accessed under the Corporation’s profile at www.sedarplus.ca and on the Corporation’s website at www.brwexplo.ca. Prospective investors should read this offering document before making an investment decision.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Corporation is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The Corporation is rapidly advancing the most extensive grassroots lithium property portfolio in Canada and Greenland.

Investor Relations/information

Mr. Killian Charles, President and CEO (info@brwexplo.ca)

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Such forward-looking information includes, but is not limited to, statements concerning the Corporation’s expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering; the completion of the Offering and the date of such completion, approval of the TSX Venture Exchange and the filing of the offering document. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR+ at www.sedarplus.ca. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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

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Errawarra Resources Ltd (ASX: ERW) is pleased to advise that it has awarded its inaugural drilling contract at the high-grade Elizabeth Hill Project, located in the Pilbara region of Western Australia.

HIGHLIGHTS:

  • Inaugural Drilling Contract awarded for Elizabeth Hill.
  • West Core Drilling has been awarded the diamond drilling contract under a partial drill for equity arrangement. Drilling is anticipated to commence imminently post EGM.
  • Drill targeting currently being finalised following site visit by Errawarra’s Management to ground truth targets.
  • Regional Soils program targeting regional structures with associated historical silver in soil anomalism is almost completed with 1,766 soils samples and 89 rock chip samples having been collected.
  • Rock chip sampling is aided using pXRF technology to qualitatively assess with the samples in the field.
  • Laboratory results are expected in 6-8 weeks.

Following a competitive tender process, the Company has awarded the diamond drilling contract to West Core Drilling. The upcoming drill program will be completed under a partial drill-for-equity arrangement and will focus on high-priority mine and near-mine targets. These include:

  • Near-surface mineralisation,
  • Down-plunge extensions, and
  • Strategic drill holes to enhance the geological understanding and structural orientation of the mineralised system.

Drilling is anticipated to commence in the week following the Company’s upcoming General Meeting (GM) planned for 19 May 2025.

Executive Director Bruce Garlick commented:

“We are delighted to partner with West Core as part of our inaugural drilling program. This contract award demonstrates our continued progression of the project, and we look forward to testing the asset with the drill bit in the coming weeks. It was also fantastic for the board to recently visit site and see all the readily available nearby infrastructure that could potentially feed into our development planning.”

Targeting for the drill program is currently being finalised, with active involvement from the Board of Errawarra and technical consultants ERM Consulting. A recent site visit completed by management has enabled ground-truthing of the high-priority targets.

As part of Errawarra’s ongoing project development and planning, management visited the Radio Hill processing plant, approximately 15 kilometres to the north which is owned by Artemis Resources (ASX: ARV) and currently in care and maintenance.

During the same site visit, the team also observed the almost completed regional soil sampling campaign which is targeting regional structures with associated historical silver in soil anomalism. A total 1,766 soil samples and 89 rock chips samples have been collected to date during this program which is anticipated to be completed in the coming week.

Click here for the full ASX Release

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NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) (‘NorthStar’ or the ‘Company’) today announces that its principal regulator, the Ontario Securities Commission, has granted its request for a management cease trade order (‘MCTO’) effective May 8, 2025.

As previously announced on April 29, 2025, the Company applied for the MCTO due to a delay in filing its annual audited financial statements, management’s discussion and analysis and related certifications for the financial year ended December 31, 2024 (the ‘Annual Filings’) which were required to be filed by April 30, 2025.

The delay is primarily due to a restatement of certain amounts owed by the Company’s payment service providers as well as player loyalty bonuses for the prior fiscal years. During the year-end reconciliation process, the Company identified that its payment processor had deducted additional merchant fees from daily remittances, which had not been properly accounted for. Specifically, service provider fees (cost of revenue) were previously understated, while the amounts due from the payment processor and accounts receivable were overstated in the financial statements for the year ended December 31, 2023.

The Company is working diligently and expeditiously to complete the Annual Filings as soon as practicable, and currently anticipates it will be in a position to file the Annual Filings on or before May 15, 2025.

The MCTO restricts the Company’s Chief Executive Officer and the Chief Financial Officer from trading in the Company’s securities but does not affect the ability of other shareholders, including the public, to trade in securities of the Company.

About NorthStar

NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

NorthStar is listed in Canada on the TSX Venture Exchange (‘TSXV’) under the symbol ‘BET’ and in the United States on the OTCQB under the symbol ‘NSBBF’. For more information on the company, please visit: www.northstargaming.ca.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Information and Statements

This communication contains ‘forward-looking information’ within the meaning of applicable securities laws in Canada (‘forward-looking statements’), including without limitation, statements with respect to the following: expected performance of the Company’s business, and the timing of the release of the Company’s financial results. The foregoing is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company’s anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘continues’, ‘forecasts’, ‘projects’, ‘predicts’, ‘intends’, ‘anticipates’ or ‘believes’, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’ be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management’s opinions, estimates and assumptions that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: risks related to the Company’s business and financial position; risks associated with general economic conditions; adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies; and those factors discussed in greater detail under the ‘Risk Factors’ section of the Company’s most recent annual information form, which is available under NorthStar’s profile on SEDAR+ at www.sedarplus.ca. Many of these risks are beyond the Company’s control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar’s expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

For further information:

Company Contact:
Corey Goodman
Chief Development Officer 647-530-2387
investorrelations@northstargaming.ca

Investor Relations:
RB Milestone Group LLC (RBMG)
Northstar@rbmilestone.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251431

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