Altech Batteries (ATC:AU) has announced Altech – CERENERGY Battery 46.7M Euro German Grant Approval
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Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY) (OTCMKTS:LKYRF) is pleased to announce the appointment of Mr Pat Burke as Non-Executive Chairman. Mr Burke brings proven experience and success in advancing rare earth element (REE) projects and has significant corporate governance expertise, ASX listed leadership experience and a strong track record in the resources sector.
In his role as Executive Chairman of Meteoric Resources NL (ASX:MEI), MC ~$370m, he oversaw the transformative acquisition and advancement of the Caldeira ionic clay REE project in Brazil, one of the world’s largest high grade ionic clay rare earth deposits. Mr Burke was actively involved in all aspects of the project’s initial progression, including negotiations with government agencies, local partners and funders.
He is a qualified lawyer, with over 20 years legal and corporate advisory experience. Mr Burke’s legal expertise is in corporate, commercial and securities law. His corporate advisory experience includes identification of acquisition targets, deal structuring and financing and project development.
He has held Board roles across numerous ASX companies, as well as AIM and NASDAQ-listed companies, including Mandrake Resources and Vulcan Energy Resources.
Locksley is entering a significant growth phase as it advances its Mine to Market Strategy. In conjunction with Mr Burke’s appointment, Mr Nathan Lude will transition from Chairman to the newly created role of Head of Strategy, Capital Markets & Commercialisation. This reflects the Company’s focus on advancing its U.S. minerals projects, processing pathways and downstream critical minerals and technology initiatives. In this role Mr Lude will dedicate his time to:
Downstream Technology & Commercialisation
– Coordinating Locksley’s collaboration with Rice University to fast-track antimony extraction, processing and energy storage innovation
– Securing commercial licensing opportunities, pilot site identification, and deployments
– Driving the establishment and contributions of Locksley’s U.S. subsidiary and Advisory Board
Strategic Partnerships & Government Engagement
– Building strategic partnerships and alliances with U.S. defense, energy, and targeted technology sectors
– Coordinating engagement through GreenMet, including submissions to U.S. federal and state government programs and funding opportunities such as the DOE, DoD, and EXIM Bank
Capital Markets & Investor Growth
– Overseeing marketing, investor relations, and public relations
– Coordinating with ASX funds and investors, while expanding the U.S. investor base via OTCQB
– Assessing growth pathways to OTCQX, NASDAQ, SPAC structures, and Frankfurt listing
Mr Lude commented:
‘Locksley has rapidly advanced its growth strategy in recent months, advancing both upstream project development and new downstream opportunities. This change allows me to focus on our Mine to Market initiatives in the U.S., where our projects and partnerships can meaningfully strengthen America’s critical minerals supply chain. With Pat leading the Board, drawing on his experience and success in identifying and advancing the Meteoric REE opportunity and his deep industry knowledge on critical minerals, I can dedicate my time to building the business foundations for Locksley’s next phase of investor growth.’
Mr Burke commented:
‘Locksley’s integrated approach from resource development through to downstream processing and advanced applications is well aligned with the current U.S. focus on secure, strategic critical minerals supply chains. I look forward to working with the Board and management to advance the Company’s portfolio and deliver value for shareholders.’
About Locksley Resources Limited:
Locksley Resources Limited (ASX:LKY) (OTCMKTS:LKYRF) is an ASX-listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development of critical minerals for U.S.
Mojave Project
Located in the Mojave Desert, California, the Mojave Project comprises over 240 claims across two contiguous prospect areas, namely, the North Block-Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.
In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With surface samples grading up to 46% Sb as well as silver up to 1,022 g/t Ag, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.
Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.
Source:
Locksley Resources Limited
Contact:
Nathan Lude
Chairman
Locksley Resources Limited
T: +61 8 9481 0389
News Provided by ABN Newswire via QuoteMedia
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. – Sen. Bernie Sanders of Vermont says if Robert F. Kennedy Jr. doesn’t step down as Health and Human Services secretary in President Donald Trump’s administration, Americans will need to speak out.
‘We’ve got to rally the American people. This is a huge issue,’ Sanders told Fox News Digital on Monday.
Sanders, the ranking member of the Senate’s Health, Education, Labor and Pensions Committee, said ‘I’m not a scientist, I’m not a doctor, but I do talk to scientists, and I do talk to doctors, and the evidence is overwhelming. It’s not contestable. Vaccines work. They save millions and millions of lives.’
And the progressive champion and 2016 and 2020 Democratic presidential nomination runner-up warned that ‘if Kennedy and his friends are able to make people think that vaccines are not safe, it will be a real public health crisis for America.’
Sanders is among a growing list of politicians and officials who warn that Kennedy, the longtime environmental activist and vaccine skeptic who Trump picked late last year as his health secretary in his second administration, is jeopardizing the health of Americans with his controversial moves.
‘Mr Kennedy and the rest of the Trump administration tell us, over and over, that they want to Make America Healthy Again. That’s a great slogan. I agree with it. The problem is that since coming into office, President Trump and Mr Kennedy have done exactly the opposite,’ Sanders wrote this past weekend in an opinion piece in the New York Times.
And Sanders said that ‘despite the overwhelming opposition of the medical community, Secretary Kennedy has continued his longstanding crusade against vaccines and his advocacy of conspiracy theories that have been rejected repeatedly by scientific experts.’
Sanders’ call for Kennedy to resign came after last week’s firing of Centers for Disease Control (CDC) Director Susan Monarez, less than a month after she was confirmed. The firing of Monarez came after she refused Kennedy’s directives to adopt new limitations on the availability of some vaccines, including approvals for COVID-19 vaccines.
Four other top CDC officials resigned in protest hours later, accusing the Trump administration and Kennedy of weaponizing public health.
Sanders, who was interviewed Monday after headlining the New Hampshire AFL-CIO’s annual Labor Day breakfast, charged in his statement over the weekend that Kennedy ‘has absurdly claimed that ‘there’s no vaccine that is safe and effective’.’
‘Who supports Secretary Kennedy’s views?’ Sanders asked. ‘Not credible scientists and doctors. One of his leading ‘experts’ that he cites to back up his bogus claims on autism and vaccines had his medical license revoked and his study retracted from the medical journal that published it.’
The incident received rare bipartisan pushback by some members of Congress.
But the White House defended the firing of Monarez, with White House Press Secretary Karoline Leavitt telling reporters on Thursday that the president has the ‘authority to fire those who are not aligned with his mission.’
‘The president and Secretary Kennedy are committed to restoring trust and transparency and credibility to the CDC by ensuring their leadership and their decisions are more public-facing, more accountable, strengthening our public health system and restoring it to its core mission of protecting Americans from communicable diseases, investing in innovation to prevent, detect and respond to future threats,’ Leavitt argued.
Fox News Bonny Chu and Landon Mion contributed to this story
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A new push by states to tax the real estate of the wealthy has sparked a backlash among brokers and potential buyers, who say the taxes punish the most important local spenders.
From tax hikes on pricey second homes in Rhode Island and Montana to Cape Cod’s proposed transfer tax on homes over $2 million and the L.A. mansion tax, state and local governments see a revenue gold mine in the pricey properties of the wealthy.
“It’s a smack in the face to people who just spend money here,” said Donna Krueger-Simmons, sales agent with Mott & Chace Sotheby’s International in Watch Hill, Rhode Island.
The tax hikes are being driven by tighter state budgets and populist anger over housing costs. States are looking to offset budget cuts expected from the new tax and spending bill in Washington. At the same time, the housing market has become a tale of two buyers, with the middle class and younger families struggling to afford homes while the luxury housing market thrives from wealthy all-cash buyers.
The solution for many states: tax the homes of the rich.
Rhode Island’s new levy, nicknamed “The Taylor Swift Tax,” is among the most extreme. The popstar bought a beach house in the state’s elite Watch Hill community in 2013.
The measure imposes a new surcharge on second homes valued at more than $1 million. For non-primary residences, or those not occupied for more than 182 days a year, the state will charge $2.50 for every $500 in assessed value above the first $1 million. That charge is on top of existing property taxes and will add up to big increases for luxury homes in Newport, Watch Hill and other well-heeled, summer communities in the state.
A version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
Swift’s house, for instance, is assessed at around $28 million, according to local real estate records. Her current property taxes are estimated at around $201,000 a year. The new charges will add another $136,442 to her annual taxes, bringing her yearly total to $337,442 — even though locals say she rarely visits.
Real estate brokers say the increase targets the very taxpayers who already contribute the most. Wealthy second-homeowners pay hefty property taxes but don’t use many local services, since their primary residences are in New York; Boston; Palm Beach, Florida; or other locales. Their kids typically don’t attend the local schools, and they’re infrequent users of the police, fire, water and other municipal services since most stay for only 10 to 12 weeks out of the year.
“These are people who just come here for the summer, spend their money and pay their fair share of taxes,” said Krueger-Simmons. “They’re getting penalized just because they also live somewhere else.”
Brokers and longtime residents say the summer residents of Newport, Watch Hill and other seasonal beach towns are the economic engines for local businesses, restaurants and hotels.
“You’re just hurting the people who support small business,” said Lori Joyal, of the Lila Delman Compass office in Watch Hill. “You’re chasing away the people who spend most of the money in these towns.”
Rhode Island is also hiking its conveyance tax on luxury real estate starting in October. The tax on real estate sales will be an additional $3.75 for each $500 paid above $800,000 for a real estate purchase. At the same time, the state’s steep estate tax deters many of the ultra-wealthy from living there full-time.
Brokers say some second-home owners are considering selling and many would-be buyers are pausing their purchases. While the tax hike alone isn’t expected to lead to any significant wealth flight, Joyal said potential buyers in Rhode Island are already looking at coastal towns in Connecticut as alternatives.
“It’s always about choices,” she said. “At the end of the day it’s about how they can choose to spend their discretionary dollars. Connecticut has some beautiful coastal towns without some of these other high taxes.”
Montana has passed a similar tax. The influx of Californians and other affluent newcomers who poured into the state during Covid has led to soaring home prices and growing resentment over gentrification. Meanwhile, the state’s low income tax rate and lack of a sales tax has left it little room for revenue increases to handle the necessary increase in services.
In May, the state passed a two-tier property tax plan, lowering rates for full-time residents and raising taxes on second homes and short-term rentals. For primary residences and long-term rentals valued at or below the state’s median home price, the tax rate will be 0.76%. Homes worth more than that will face a tiered-rate system of up to 1.9% on any value over four times the median price.
The Montana Department of Revenue expects the changes, which will start next year, will hike second-home taxes by an average of 68%. Brokers say some buyers are waiting to see the tax bills next year before making any decisions about whether to buy or sell.
“I’ve heard about some buyers who have put on the brakes to wait for the dust to settle and see what happens,” said Valerie Johnson, with PureWest Christie’s International Real Estate in Bozeman, Montana.
Johnson said that while the tax was touted by legislators as hitting wealthy second-home owners, it will also hit longtime locals who own investment homes and rent them out for income.
“These are small businesses for many people,” she said.
Manish Bhatt, a senior policy analyst at the Tax Foundation, said tax hikes aimed at wealthy second-home owners may be popular politically, but they rarely make for successful or efficient tax policy. Real property tax reform should be broad based, rather than focused on taxpayers who are singled out just because they don’t live in a community full-time, he said.
“There is a grab to find revenue right now,” he said. “But taxing second-home owners could have the opposite impact — dissuading people from owning a second home or continue to own in those communities.”
While the new taxes alone might not drive out the wealthy, “we do know that taxes are important to businesses and individuals and could cause people to make a decision to buy in another nearby state,” Bhatt said.
The projected revenue from the new taxes may also disappoint. When Los Angeles passed its so-called “mansion tax” in 2022, proponents touted revenue projections of between $600 million to $1.1 billion a year. The tax, imposed on real estate sales over $5 million, has only raised $785 million after more than two years, according to the Los Angeles Housing Department.
Higher interest rates that hurt the housing market have played a role, experts say. Yet Michael Manville, professor of urban planning at the UCLA Luskin School of Public Affairs, said wealthy buyers and sellers also reduced transactions in response to the tax.
“The lower revenue is a reason to be concerned because it suggests that the tax might actually be reducing transactions, which in turn can reduce housing production and property tax revenue,” he said.
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Greenvale Energy (GRV:AU) has announced Commencement of Henbury Field Program
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Rapid Critical Metals (RLL:AU) has announced RCM to Acquire Webbs Consol Silver Project from Lode Res.
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Investor Insight
Basin Energy offers uranium and rare earth exposure through high conviction exploration projects within tier-1 jurisdictions.
The group’s primary focus is the testing of district scale uranium and rare earth potential at the Sybella Barkly project, located directly west of the prolific mining town of Mount Isa, in northwest Queensland. These projects are deemed prospective for roll-front uranium, shear hosted hard rock uranium, sediment/ionic clay hosted rare earth elements and for hard rock rare earths. Evidence in support of this comes from the direct proximity and geological analogies to both ASX Paladin Energy’s Valhalla uranium deposit and its uranium source, the Sybella Batholith and for rare earth potential adjacent to ASX Red Metal’s Sybella Discovery.
The company also provides strategic exposure to three projects in Canada’s Athabasca Basin, the heartland of uranium exploration, where it is partnered with TSXV CanAlaska uranium and has a strategic early mover position in the emerging energy metals districts of Sweden and Finland ranked 6 and 1, respectively on the Fraser index in 2024.
With a technically driven exploration focus for uranium and rare earth minerals within tier-one jurisdictions, Basin Energy is well-positioned to capitalize on the global push for clean energy.
Overview
District Scale Uranium and Rare Earths Opportunity – Queensland Australia
Basin holds 5,958 sq km of exploration tenure in the Mount Isa district of northwest Queensland. The projects provide compelling walk-up drill targets that can be rapidly and cost-effectively tested using air core and reverse circulation (RC) drilling.
The drill-ready, district scale opportunity includes:
- Paleochannel roll front uranium
- Sediment and ionic clay hosted rare earth elements
- Hard rock, granite hosted rare earth elements
In addition to these three district-scale targets, the project area contains multiple shear-hosted Valhalla-style uranium targets defined for immediate assessment.
Project location map
The primary model is based on mineralisation sourced from the various granites of the Sybella Batholith, a large north-south trending igneous body containing zones enriched in rare earth elements. This includes the Red Metal (ASX:RDM) giant Sybella Discovery. Several granites from the Sybella are also uranium rich, potentially being the source of Paladin Energy’s (ASX:PDN) Valhalla deposits.
The projects cover an extensive portion of the Sybella Batholith, deemed prospective for granite-hosted REEs, as well as a significant landholding west of the Sybella, known as the Barkly Tablelands. The Barkly Tablelands are regarded as prospective for sediment-hosted mineralisation and was surveyed with airborne electromagnetics (AEM) by Summit Resources in February 2007, prior to its acquisition by Paladin Energy. Whilst numerous targets were identified, no drilling was completed at the time. Importantly, past exploration focused mainly on base metals, phosphate and water bores, meaning the uranium and rare earth potential remains virtually untouched.
Prospective target concepts
Paleochannel Roll-Front Uranium Potential – District Scale Target 1
The Summit Resources AEM survey identified an extensive network of paleochannels within the Barkly Tablelands, fed from the uranium-rich Sybella Batholith. This network trends south beyond the limits of existing survey data, suggesting even further potential remains to be identified.
Historical drilling in the area noted geological features typically associated with uranium deposits, such as redox fronts, sandstone channels and impermeable cap rocks. However, no uranium assays were conducted at the time.
Given the Sybella granites are considered the potential source of Paladin’s nearby Valhalla uranium deposits, Basin believes significant uranium will have also been transported into these paleochannels through erosion and chemical leaching processes. Previous work by Summit Resources and Furgo has already prioritised several high-potential targets. Basin plans to complete a first pass aircore drilling program to delineate this potential in Q4 2025.
Ternary radiometrics and AEM conductivity depth slice (paleochannels are projected to surface)
Sediment and Ionic Clay Hosted REE Potential – District Scale Target 2
Surface and auger geochemistry sampling across the Barkly Tablelands has confirmed significant REE enrichment, with multiple results exceeding 600 ppm TREO. The sediments are directly sourced from the Sybella Batholith with the highest of these values located directly down drainage catchments linked to Red Metals Sybella Discovery.
Sediment-hosted REEs and target zones
Previous AEM surveys also revealed a broad conductive layer within the Barkly Tablelands sediments, approximately 12 metres thick at shallow depths between 20-32 metres, and covering a footprint of over 1,000 sq km. This layer is interpreted to represent a clay-rich unit capable of hosting ionic clay REE deposits.
AEM outlining laterally extensive conductive sediment target
Granite Hosted REE Potential – District Scale Target 3
The various granites that make up the Sybella contain zones of enriched REEs, including the Red Metal (ASX:RDM) owned Sybella Discovery.
Basin’s ground includes several prospects (Newsmans Bore, Eight Mile and Threeways) where a shallow proof of concept auger drilling program returned highly encouraging results in 2023.
The most encouraging results from the auger drilling at Newmans Bore reported at over 0.5 m at >1000 ppm TREO, including:
- SYAH23-020 – 5.0 m @ 1,951 ppm TREO with 578 ppm Nd+Pr oxide combined (including 3 m @ 705 ppm) from 4 m to end of hole
- SYAH23-006 – 2.5 m @ 1,343 ppm TREO with 248 ppm Nd+Pr oxide combined from 5 m to end of hole
- SYAH23-018 – 0.5 m @ 1,996 ppm TREO with 465 ppm Nd+Pr oxide combined from 2 m to end of hole
- SYAH23-131 – 2.6 m @ 1,535 ppm TREO with 329 ppm Nd+Pr oxide combined from 3 m to end of hole
These results are very significant, as mineralisation continued to the end of hole and closely mirrors the geochemical patterns seen by Red Metal prior to their Sybella discovery.
Auger drilling completed by NeoDys, with highlights from Newmans Bore
Red Metals Discovery REE anomaly
Red Metal utilised RC drilling beneath this anomaly and identified broad zones of rare earth anomalism, which led to the Sybella discovery. NeoDys’ auger drilling across Basin’s project has outlined similar levels and scale of rare earth anomalism, demonstrating strong potential for comparable discoveries. See figure below.
Stylised section of NeoDys Newmans Bore auger drilling
The next phase for Basin will be to conduct deeper RC drilling to test potential continuity of these anomalies. Drilling is proposed for Q4 2025.
Hard Rock Shear-Hosted Uranium Valhalla Style Targets
In addition to the three district scale targets, Basin also sees strong potential for Valhalla-style shear zone uranium mineralisation within the North section of the license. Airborne radiometric data highlights several anomalies crossing both the Sybella granite and the Cromwell metabasalt, features consistent with the alternation patterns seen at other uranium deposits in the region. The scale and geological setting of these radiometric anomalies draws comparison to Paladin Energy’s Mount Isa (Valhalla) project, which contains 148.4 Mlbs of U3O8 at 728 ppm, and a combined 116 Mlbs within the Valhalla, Odin and Skal resources located just 7 km east of Basin’s license
Filtered airborne radiometric data (isolating high-U, low-K rocks) highlighting several potential Valhalla-style shear zone targets in the Cromwell Metabasalt and the adjacent Sybella Batholith
Company Highlights
- Strategic exposure to district-scale opportunities with the potential to transform into world-class discoveries, delivering exceptional leverage on exploration success
- Drill-ready Queensland projects positioned for rapid advancement, leveraging low-cost exploration techniques to deliver high-impact results.
- Pure uranium exposure to the Athabasca Basin through partnership with CanAlaska Uranium, fresh off discovery success at West McArthur.
- Early mover position in the Nordics ready to capitalise as Sweden reverses its uranium mining moratorium (effective Jan 1, 2026), unlocking access to Europe’s largest uranium endowment and elevating Nordic exploration upside.
- Exposure to uranium (supply shortfall + nuclear demand growth) and rare earths (critical to EVs and renewables, with limited global supply), both sectors positioned for sustained upside.
- Exploration leverage in globally ranked, mining-friendly jurisdictions Finland, Saskatchewan, Sweden, and Queensland minimizing geopolitical risk while maximizing discovery upside.
- Experienced Team: Leadership includes veterans of uranium discovery and development, with direct experience in Athabasca Basin and international uranium markets.
Key Projects
Strategic Global Uranium Exposure
Basin holds interests in three projects, in partnership with TSX-V CanAlaska within the heartland of the world class Athabasca Basin uranium district. The company’s primary focus here is on the Geikie project where early drilling has identified a significant alteration system with analogies to major basement hosted uranium deposits of the district such as Nexgen energy’s prolific Arrow discovery. The company is actively seeking partnerships for the Marshall and North Millennium projects, which are prospective for unconformity style mineralisation with walk up drill ready targets.
Canada – Athabasca Basin
Geikie Project
The Geikie Project spans 351 sq km on the eastern margin of the Athabasca Basin and benefits from excellent access, with Highway 905 just 10 km to the east.
This underexplored region is considered highly prospective for shallow, basement-hosted uranium mineralisation. Historically overlooked in past exploration campaigns, the area has seen renewed interest following recent basement-style uranium discoveries elsewhere in the district.
Project Highlights:
- Drilling Results & Exploration Potential
- Uranium intersected in 6 of 16 holes including 0.27 percent U₃O₈ over 0.5 m at Aero Lake and 263 ppm U₃O₈ over 9 m at Preston Creek
- Pathfinder elements (notably lead isotope anomalies) were identified in 10 of 16 holes
- Structural & Geological Highlights
- Large-scale structural corridors identified—capable of transporting and hosting high-grade uranium
- Extensive hydrothermal alteration confirms a robust, active fluid system
- Uranium assays validate the mineralised system
- Targeting & Exploration Potential: Multiple near-surface drill targets defined using geological data from 2023–2024 drilling and integrated airborne and ground geophysical datasets.
- High-resolution airborne gravity surveys have successfully mapped basement-hosted alteration systems, identified intense gravity lows aligned with structural corridors and enhanced targeting confidence on the outer edge of the Athabasca Basin.
In 2025, Basin Energy addedtwo new claims to the Geikie uranium project, consisting of 22.3 sq km, bringing the total project area to 373.1 sq km. Mineral claims MC00022218 and MC00022219 are contiguous to the Preston Creek prospect, where 2024 drilling outlined a large-scale hydrothermal system within a complex structural corridor with uranium anomalism.
Scandinavia – Sweden and Finland
Basin has secured 100 percent ownership of multiple reservations and licences across Sweden and Finland, prospective for uranium and critical green energy metals. This portfolio targets shear-hosted and intrusive-related mineralisation and consists of five exploration licenses within Sweden and five reservations in Finland. In 2025, Basin Energy announced theapproval for the Trollberget project application located in Northern Sweden, between the Björkberget and Rävaberget projects within the Arvidsjaur-Arjeplog uranium district. The project added 116 sq km of exploration land, increasing Basin Energy’s total holding to 219 sq km within this highly prospective uranium and green energy metals district.
Exploration Updates: Virka & Björkberget
- Structural Relogging Completed
- Detailed relogging of 48 historical drillholes completed across the Virka and Björkberget projects.
- Björkberget: Structural data now available for 28 priority holes; 137 samples submitted for multi-element analysis, with an additional 71 samples prepared for shipment.
- Virka: All historical core relogged; samples are awaiting shipment for lab preparation.
- Key mineralising structural trends identified in core, with associated alteration and mineral assemblages (pending results) to inform future drill targeting.
- High-Grade Surface Results Confirmed
Pulp re-analysis by fusion XRF of two surface samples initially above detection limits (>2.95 percent U₃O₈) confirmed exceptionally high uranium grades:- BJK004: >5.9 percent U₃O₈ from a granite boulder with visible yellow oxide staining at the base of an outcrop
- BJK008: 5.4 percent U₃O₈ from a rhyolitic/fine-grained granite boulder with visible mineralisation and yellow oxide staining
These results reinforce the high-grade uranium potential of Basin’s Scandinavian portfolio and will directly guide the next phase of drill targeting.
Management Team
Blake Steele – Non-executive Chairman
Blake Steele is an experienced metals and mining industry executive and director with extensive knowledge across public companies and capital markets. He was formerly president and chief executive officer of Azarga Uranium (Azarga), a US-focused integrated uranium exploration and development company. He led Azarga into an advanced stage multi- asset business, which was ultimately acquired by enCore Energy (TSXV:EU) for C$200 million in February 2022.
Pete Moorhouse – Managing Director
Pete Moorhouse has 18 years of mining and exploration geology experience with extensive experience in the junior uranium sector, having spent over 10 years with ASX-listed uranium explorer and developer Alligator Energy (ASX:AGE). He holds significant competencies in evaluating, exploring, resource drilling and feasibility studies across many global uranium and resource projects.
Cory Belyk – Non-executive Director
Cory Belyk holds 30 years’ experience in exploration and mining operations, project evaluation, business development and extensive global uranium experience most recently employed by Cameco in the Athabasca Basin. He was a member of the exploration management team that discovered Fox Lake & West McArthur uranium deposits. Currently CEO/VP of Canadian Athabasca uranium explorer and project generator, CanAlaska (TSXV:CVV).
Matthew O’Kane – Non-Executive Director
Matgthew O’Kane is an experienced executive and company director with over 25 years’ experience in the mining and mineral exploration, commodities, and automotive sectors. He has held senior leadership roles in Australia, Asia and North America, in both developed and emerging markets, from start-up companies through to multinational corporations. He has served on the Board of mining and mineral exploration companies in Canada, Hong Kong and Australia. He was a member of the Board of Azarga Uranium from 2013 until its sale to Encore Energy in February of 2022. He is currently a director of two ASX listed exploration and development companies.
Ben Donovan – Company Secretary
Ben Donovan has over 22 years of experience in the provision of corporate advisory and company secretary services. He holds extensive experience in ASX listing rules compliance and corporate governance and has served as a Senior Adviser to the ASX for nearly 3 years Currently CoSec to several ASX listed resource companies including M3 Mining (ASX:M3M), Magnetic Resources (ASX:MAU) and Legacy Iron Ore (ASX:LCY).
Odile Maufrais – Exploration Manager
Odile Maufrais is an exploration geologist with over 14 years of experience and has an extensive understanding of the uranium exploration and mining industry, having worked at ORANO, one of the largest global uranium producers, for 12 years on various assignments in Canada, Niger, and France. Maufrais has significant Athabasca Basin-specific experience, being involved in over 15 greenfield and brownfield uranium exploration projects located throughout the Basin. Her most recent roles for ORANO comprised leading various uranium exploration campaigns and being an active member of the ORANO research and development team, which involved working on trialing and implementing cost-effective and streamlined drilling techniques within the Athabasca Basin. She also played a key role in the update of the National Instrument 43-101 compliant mineral resource estimate for the Midwest Main and Midwest A deposits. Maufrais holds a Master of Science from Montpellier II University, France.
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President Donald Trump says he plans to sign an executive order aimed at requiring voter ID in elections across the country.
Trump made the statement on social media late Saturday night, saying he is also seeking other reforms to how U.S. elections take place.
‘Voter I.D. Must Be Part of Every Single Vote. NO EXCEPTIONS! I Will Be Doing An Executive Order To That End!!! Also, No Mail-In Voting, Except For Those That Are Very Ill, And The Far Away Military. USE PAPER BALLOTS ONLY!’ Trump wrote on Truth Social.
Trump previously attempted to impose voter ID via an executive order earlier this year in a wider election integrity action.
In April, Judge Colleen Kollar-Kotelly of the U.S. District Court for the District of Columbia struck down the portions of that order that related to voter identification requirements.
Kollar-Kotelly maintained that Trump did not have the authority to issue such an order, as the Constitution delegates control of election regulations to Congress and states.
‘Consistent with that allocation of power, Congress is currently debating legislation that would affect many of the changes the President purports to order,’ Kollar-Kotelly, a Clinton appointee, wrote in her order. ‘No statutory delegation of authority to the Executive Branch permits the President to short-circuit Congress’s deliberative process by executive order.’
Nevertheless, requiring voters to provide proof of citizenship remains widely popular among Americans, according to a poll from Gallup taken just before the 2024 elections.
The poll found that 84% of U.S. adults were in favor of requiring voters to show identification and 83% supported requiring proof of citizenship when registering for the first time.
When broken down by party, 67% of Democrats, 84% of Independents and 98% of Republicans were in favor of mandating voter ID. The party breakdown over proof of citizenship was similar, with 66% of Democrats, 84% of Independents and 96% of Republicans supporting the idea.
Fox News’ Rachel Wolf contributed to this report
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Former FBI Director Robert Mueller was diagnosed with Parkinson’s disease, his family revealed to the New York Times.
Mueller is the former special counsel who led the Russia investigation into President Donald Trump’s 2016 campaign.
Mueller, 81, was diagnosed in 2021 and retired from public life the following year after briefly teaching law, according to a family statement provided to The Times.
‘Bob was diagnosed with Parkinson’s disease in the summer of 2021. He retired from the practice of law at the end of that year. He taught at his law school alma mater during the fall of both 2021 and 2022, and he retired at the end of 2022,’ the statement said.
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Here’s a quick recap of the crypto landscape for Friday (August 29) 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$108,292, a 3.2 percent decrease in 24 hours. It opened at its highest valuation of the day, US$110,473. Its lowest valuation today was US$108,107.
Bitcoin price performance, August 29, 2025.
Chart via TradingView.
Bitcoin’s slip below the US$110,000 threshold stoked fears of a broader crypto market correction on Friday as liquidations doubled, the US Federal Reserve’s preferred inflation gauge showed persistent price pressures, and Bitcoin flashed a potential risk pattern. Analysts warned the token could be edging toward bear market territory.
According to analyst Rekt Capital, BTC needs to regain US$114,000 as support to prevent an extended correction period.
Adding to volatility, a long-dormant Bitcoin whale that resurfaced this month — after buying US$2.5 billion in Ethereum — shifted another US$1.1 billion on Friday.
Ether (ETH) was priced at US$4,345.17, down by 2.3 percent over the past 24 hours. Its highest valuation today was US$4,389.08, and its lowest was US$4,279.96.
Altcoin price update
- Solana (SOL) was priced at US$203.21, down by 3.5 percent over 24 hours. Its lowest valuation on Friday was US$201.61, and its highest valuation was US$211.02.
- XRP was trading for US$2.82, down by 4.4 percent in the past 24 hours. Its lowest valuation of the day was US$2.80, and its highest was US$2.87.
- SUI (Sui) was trading for US$3.26, down by 4.8 percent in the past 24 hours. Its lowest valuation of the day was US$3.22, and its highest level of the day was US$3.35.
- Cardano (ADA) was priced at US$0.8204, down by 3.1 percent. Its lowest valuation for Friday was US$0.8131, and its highest valuation was US$0.8314.
Today’s crypto news to know
Stablecoins cross US$283 billion threshold record
The stablecoin market reached a new milestone on Friday as total supply climbing to $282.8 billion, according to data from DefiLlama. That marks a 128 percent increase since January, driven by stronger demand for dollar-pegged tokens and fresh regulatory clarity in the US. The surge also follows passage of the GENIUS Act, which sets out federal guidelines for stablecoin issuers and has been billed as a growth catalyst within the sector.
Analysts say stablecoins now serve as a “distribution channel” for US dollars, powering cross-border payments and on-chain settlement systems.
Trump-linked miner American Bitcoin targets September Nasdaq listing
American Bitcoin, a mining company backed by Eric Trump and Donald Trump Jr., is preparing to list on Nasdaq in September following its merger with Gryphon Digital Mining, Reuters reported.
The firm is majority owned by Hut 8 Mining (TSX:HUT,NASAQ:HUT), which controls 80 percent of the business, while the Trump brothers are expected to collectively hold about 19 percent. The company has already raised $220 million to expand its operations and accumulate Bitcoin, adding 215 BTC to its balance sheet as of June.
With Bitcoin trading near US$112,000 this week, that stash is valued at roughly US$24 million.
CEO Asher Genoot said American Bitcoin aims to become one of the largest US mining firms, with backing from high-profile investors including Gemini founders Tyler and Cameron Winklevoss.
Hut 8’s own share price has rallied 29 percent this year. If listed today, American Bitcoin would rank among the top 30 public companies holding Bitcoin in the US.
Eric Trump hails US-China leadership in Bitcoin
Speaking at the BTC Asia conference in Hong Kong, Eric Trump praised China’s influence on the digital asset industry and said the US and Beijing were “leading the way” in shaping Bitcoin’s future.
He credited the Middle East as another fast-moving hub for crypto adoption, while stressing Bitcoin’s ability to unite people across borders and cultures.
The younger Trump also added that his father’s administration had accelerated digital asset policy faster in seven months than the prior decade managed. He described America as “winning the digital revolution” with support from Wall Street institutions, sovereign wealth funds, and retirement investors.
Asked whether Bitcoin would be on the agenda in an upcoming US-China trade meeting, he suggested broader topics would dominate but said he “would certainly love to talk about bitcoin.”
21Shares files for SEI-tracking ETF
Crypto asset manager 21Shares has submitted an S-1 registration statement to the US Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that would track the price of SEI.
The proposed ETF would utilize CF Benchmarks, a crypto price index provider, to track SEI’s price using data from multiple crypto exchanges. Coinbase Custody Trust Company is slated to act as the SEI custodian.
SEI is the native token of the SEI network, a layer-1 blockchain launched in 2023. The network specializes in trading infrastructure for decentralized exchanges and marketplaces, using the SEI token for network gas fees and governance participation. 21Shares is also exploring the possibility of staking SEI to generate additional returns, though the firm noted in its filing that it is still investigating potential ‘undue legal, regulatory or tax risk’ associated with this practice.
In an X post, 21Shares said the ETF filing is a “key milestone in our vision to expand exchange-traded access to the SEI Network.” US digital asset investment firm Canary Capital also applied for an SEI ETF in April.
Bloomberg’s James Seyffart has listed all 92 crypto ETPs filings and applications awaiting SEC decisions.
US Department of Commerce to publish economic data onchain
The US Department of Commerce (DOC) announced on Wednesday (August 27) that it will begin publishing official economic data on at least nine public blockchains.
Its stated goal is to make vital information immutable and tamper-proof.
In a significant move for the industry that further underscores the potential of decentralized technology to improve governmental operations, the department is collaborating with blockchain data providers Chainlink and Pyth Network to serve as a bridge across various networks, including Bitcoin, Ethereum and Avalanche.
Chainlink will supply data feeds from the Bureau of Economic Analysis, while Pyth will publish GDP data. The DOC will also publish the Personal Consumption Expenditures Price Index and Real Final Sales to Private Domestic Purchasers.
Reports also indicate that exchanges like Coinbase Global (NASDAQ:COIN), Gemini and Kraken helped facilitate the process by assisting with the transactions required to publish the data on-chain.
Aave protocol’s total value locked surges past US$40 billion
While the DOC’s announcement is a major positive for the entire crypto space, the Aave protocol has seen a remarkable surge in its total value locked, exceeding US$40 billion. This comes after the lending platform launched the Horizon RWA Market on Tuesday (August 26), the first real-world application of its ongoing V4 upgrade strategy.
Crypto intelligence platform Nansen also noted the surge in transaction volume on Avalanche this week, with over 11.9 million transactions recorded across over 181,300 active addresses, an increase of 66 percent.
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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