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A Panamanian court has voided a port contract held by a Hong Kong subsidiary, prompting assurances from President José Raúl Mulino that canal traffic will not be disrupted.

The court ruled Thursday that the port concession granted to Panama Ports Company — a subsidiary of Hong Kong’s CK Hutchison Holdings — was unconstitutional. 

The decision was welcomed by the U.S. and criticized by Beijing, according to The Associated Press.

‘Beijing plays rough. Trump plays rougher,’ China expert Gordon Chang told Fox News Digital in an email. ‘The American president just showed the Chinese who’s boss in the Western Hemisphere.

‘President Trump, by extracting Nicolás Maduro and his wife from Caracas, ended Chinese influence in Venezuela,’ Chang added. ‘With the termination of the Hutchison port concessions in Panama, countries are getting the message that Trump is determined to drive China out of the region and that they should get on board with the American president.’

Mulino said Friday that port operations at both ends of the canal will continue as the ruling is carried out, adding that Panama’s Maritime Authority will work with Panama Ports Company to keep the ports running, the AP reported.

Once the concession is formally terminated, Mulino said, a local subsidiary of Danish shipping giant A.P. Moller-Maersk will temporarily operate the ports while the government opens a new bidding process for a long-term concession.

The court decision followed an audit by Panama’s comptroller that identified irregularities in a 25-year extension of the concession granted in 2021, according to the AP.

The ruling aligns with long-standing U.S. concerns over China’s presence near the Panama Canal. 

Limiting Beijing’s influence in the region has been a priority of the Trump administration, and Panama was the first overseas stop this year for U.S. Secretary of State Marco Rubio, the AP reported.

‘The United States is encouraged by the recent Panamanian Supreme Court’s decision to rule port concessions to China unconstitutional,’ Rubio posted to X on Friday.

Panama Ports Company said it has not been formally notified of the ruling and argued it lacks legal basis, warning it could harm thousands of Panamanian families and undermine legal certainty. The Hong Kong government also rejected the ruling, according to the AP.

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As President Donald Trump weighs his options on a possible military strike on Iran, a senior Gulf official told Fox News Saudi Arabia will not allow the U.S. to use its airspace or bases for such an attack.

A high-ranking government figure from a Gulf Cooperation Council (GCC) state told Fox News that the ‘U.S. hasn’t shared objectives or plans’ regarding Iran with Gulf allies despite recent high-level Saudi meetings in Washington aimed at gaining clarity.

‘We said this as friends, [we] want to make sure they understand our position and our assessment in general. And we want to understand the U.S. assessment with as much clarity as possible,’ the senior official said. ‘I’d like to get full clarity, and we did not get there.’

Regarding U.S. military movements for a strike on Iran, the official said, ‘The plan is something other than using Saudi airspace.’

The official said the U.S. is welcome in Saudi Arabia, especially regarding Operation Inherent Resolve, the ongoing U.S.-led campaign against ISIS. Yet, the Saudi position now is ‘consistent’ with what it was during the 12-day conflict between Israel and Iran in April 2024, the official said.

‘Saudi Arabia wouldn’t allow airspace to be used to target Israel, Houthis, Iran. The position is the same now. Saudi Arabia wouldn’t allow airspace to be used in a war Saudi Arabia is not a part of,’ the official said.

Trump said Friday that the United States has directly communicated expectations to Iran as pressure mounts for Tehran to accept a nuclear deal, even as Iranian officials publicly signal interest in talks.

Asked whether Iran faces a deadline to make a deal, Trump suggested the timeline had been conveyed privately. 

‘Only they know for sure,’ he said when pressed that the message had been delivered directly to Iranian leaders.

Trump also tied the growing U.S. naval presence in the region explicitly to Iran, saying American warships ‘have to float someplace’ and ‘might as well float near Iran’ as Washington weighs its next steps.

Despite the president’s words that Iran wants to make a deal, the official cautioned that ‘Iran always wants to make a deal, but the question is what kind of deal? Is it acceptable to the U.S.?

‘We don’t see it coming together at this moment,’ the official said. ‘Everybody knows the U.S. is bringing capabilities to the region in general to deal not with whatever the plan is but whatever the ramification of the plan is.’

Regarding the success of future U.S. actions in Iran, the official said, ‘There is always a problem whether you make a decision or don’t. There’s a balance of … future in the Middle East. We advise the U.S. on a better outcome at the end, using all means, including diplomatic means, and advise Iranians too. … We understand that we’re all in this — the U.S., Iran and others — and we hope for better results.’

The official said that, in the Gulf allies’ assessment, the Trump administration’s strikes on Iran’s nuclear assets heavily degraded their capabilities so that they are ‘not in the same situation as before.’

That being said, they believe an ‘off ramp could be reached by Iranians doing the right thing.’

‘We want a prosperous country that supports their people. That’s what we think we should all be doing. Iran has real economic potential, energy. A lot of talent in Iran and especially abroad who live in other countries. … There’s a way to get out of it, and Iran could be a very constructive actor in the region and important actor in the region. I hope that they get there because the Iranian people deserve a lot.’ 

Though the U.S. has not shared its objectives or plans, the source said, ‘I hope that outcome is for a more stable Middle East, more prosperous.’

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Speaker Mike Johnson, R-La., urged House Republicans on a lawmaker-only call to rally behind President Donald Trump after the commander in chief struck a deal with Senate Democrats to avert a prolonged government shutdown, Fox News Digital was told Friday evening.

The top House Republican admitted to being ‘frustrated’ by the result, sources told Fox News Digital, but he lauded Trump’s deal-making ability and called for lawmakers to back the president’s decision.

The Senate passed a revamped government funding deal Friday that will set the federal budget through the end of the fiscal year Sept. 30, save for the Department of Homeland Security (DHS).

It comes after Democrats walked away from a bipartisan plan to fully fund the federal government over demands for stricter guardrails on Immigrations and Customs Enforcement (ICE) than what the initial House-passed package included.

Johnson told House Republicans he went to the White House Wednesday to lay out his arguments for sticking to the initial plan and warned, ‘Opening the Pandora’s Box of amending this thing could be a dangerous prospect,’ sources said.

Trump nevertheless struck an agreement with Senate Democrats. 

Fox News Digital was told that Johnson conceded, ‘The president has made a play call, and we have to support him on it.’

The initial bipartisan DHS bill included guardrails for ICE, such as mandating body-worn cameras and training for public engagement and de-escalation. But Democrats are now demanding significantly more after a second deadly shooting of a U.S. citizen by federal law enforcement during demonstrations against Trump’s immigration crackdown in Minneapolis.

The new deal struck with Democrats would only extend current DHS funding levels for two weeks to keep other critical agencies under the department’s purview funded while new bipartisan negotiations on immigration enforcement play out.

Multiple Republican lawmakers have both publicly and privately expressed concern about the deal, arguing it could potentially give Democrats more ability to constrain the administration. 

One House Republican voiced such concerns on the lawmaker-only call on Friday, Fox News Digital was told. Johnson, according to sources, agreed he was ‘frustrated … but I’ve got to tip my hat to the president. He knows the art of the deal.’

Johnson told House Republicans that Trump now needed their support to ‘navigate the next two weeks’ of deal-making with Democrats.

Trump said on Truth Social of his deal with Democrats, ‘I am working hard with Congress to ensure that we are able to fully fund the Government, without delay. Republicans and Democrats in Congress have come together to get the vast majority of the Government funded until September, while at the same time providing an extension to the Department of Homeland Security (including the very important Coast Guard, which we are expanding and rebuilding like never before).’

Sources said the speaker did sound optimistic about Republicans still having leverage in the talks, however. Johnson noted that ICE had already been funded under Trump’s ‘big, beautiful bill’ and that it would be offices like the Transportation Security Administration (TSA) and Federal Emergency Management Agency (FEMA) that would run low on funds.

Sources said Johnson said of Democrats, ‘We can hang that on their necks.’

The House is expected to take up the legislation by Monday evening.

This post appeared first on FOX NEWS

Senate Republicans and Democrats cut through partisan rancor and sent a retooled government spending package to the House Friday evening after President Donald Trump struck a deal to sate Democrats’ demands. 

Though lawmakers were able to advance the revamped five-bill package without the controversial Department of Homeland Security (DHS) funding bill and a two-week funding extension to keep the agency afloat, a partial government shutdown is all but guaranteed after the 71-29 vote.

That’s because modifications to the package and the inclusion of a short-term continuing resolution (CR) for DHS must be approved by the House. And lawmakers in the lower chamber aren’t scheduled to return to Washington, D.C., until early next week. 

Schumer and his caucus are determined to get a series of extra reforms attached and dropped three categories of restrictions on Immigration and Customs Enforcement (ICE) on Wednesday that many Republicans have balked at.

‘These are not radical demands,’ Schumer said on the Senate floor. ‘They’re basic standards the American people already expect from law enforcement. I hope we can get voting quickly here in the Senate today so we can move forward on the important work of reining in ICE. The clock is ticking.’

Democrats argued that the tweaks were common sense and geared toward reducing further incidents during immigration operations around the country after two fatal shootings by federal agents in Minneapolis this month. 

‘This is not like some wish list,’ Sen. Tina Smith, D-Minn., said. ‘This is, like, really practical, commonsense stuff that would actually go a long way towards minimizing the harm that we’re seeing in Minnesota.’

Among the most difficult requests is the requirement of judicial warrants, rather than administrative warrants, for ICE agents to make arrests. 

Sen. Eric Schmitt, R-Mo., argued that while Republicans didn’t want to have a government shutdown, they wouldn’t legislate ‘stupid s—‘ into the DHS bill. 

‘We’re not, like, telling [ICE] they need judicial warrants when they already have administrative warrants,’ Schmitt said. ‘We’re not doing that.’

Successfully moving the bill from one chamber to the other was not an easy lift for Republicans. A cohort of Senate Republicans pushed back against the underlying, original package because of the billions in earmarked funding it included. 

And Sen. Lindsey Graham, R-S.C., was enraged over the House’s decision to include a repeal of a provision that would allow senators, like himself, to sue for up to $500,000 if they had their phone records subpoenaed by former special counsel Jack Smith as part of his Arctic Frost probe. 

‘You jammed me, Speaker Johnson. I won’t forget this,’ Graham said. ‘I got a lot of good friends in the House. If you think I’m going to give up on this, you really don’t know me.’

He demanded votes on expanding the number of people and organizations who were affected by Smith’s Arctic Frost probe who can sue, along with a vote on his legislation that would criminalize the conduct of officials who operate sanctuary cities. 

But he didn’t tee them up for an amendment vote, instead contending he’d be OK with floor action after the two-week CR lapsed. 

Moving the package through the House could be a heavier lift than expected.

House Speaker Mike Johnson, R-La., expected the earliest he could move on the package was by Monday, three days into the partial shutdown, given that lawmakers are away from Washington, D.C., until next week. 

One House GOP source suggested to Fox News Digital that passing the legislation under suspension of the rules could be a pathway to success because it would fast-track the bills past a House-wide procedural hurdle called a ‘rule vote’ that normally falls along party lines.

But that would require raising the threshold for passage from a simple majority to two-thirds, meaning a significant number of Democrats would be needed for the bills to proceed.

That does not appear to be the route House leaders are taking, however, at least for now. Two other sources told Fox News Digital Friday morning that the House Rules Committee is expected to meet for a rare Sunday hearing to consider the bill. 

The House Rules Committee is the final gatekeeper before most legislation gets a chamber-wide vote, meaning its advancement of the package Sunday could set up further action as early as Monday.

House Republican resistance to the modified package, particularly the DHS CR, has already fomented among members of the House Freedom Caucus.

House Freedom Caucus Chair Andy Harris told Fox News Digital ‘the Democrats’ desire to keep millions of illegal aliens in the United States will not suddenly disappear in a week or a month with a continuing resolution.’

‘Delaying full year funding for the Department of Homeland Security any further is a bad idea,’ Harris said. 

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The U.S. State Department late Friday announced it had approved two arms sales to Israel and Saudi Arabia worth $6.67 billion and $9 billion.

The sales come as the Trump administration moves forward with its peacekeeping plan in Gaza and amid the threat of U.S. military strikes in Iran.

Thirty Apache helicopters with rocket launchers make up the largest part of the sale to Israel, along with 3,250 light tactical vehicles, power packs for armored personnel carriers and a number of light utility helicopters.

The State Department said the sale would ‘enhance Israel’s capability to meet current and future threats by improving its ability to defend Israel’s borders, vital infrastructure and population centers.’

‘The United States is committed to the security of Israel, and it is vital to U.S. national interests to assist Israel to develop and maintain a strong and ready self-defense capability,’ it said.

Saudi Arabia will receive 730 Patriot missiles and related equipment that ‘will support the foreign policy and national security objectives of the United States by improving the security of a major non-NATO ally that is a force for political stability and economic progress in the Gulf Region,’ the department said.

‘This enhanced capability will protect land forces of Saudi Arabia, the United States and local allies and will significantly improve Saudi Arabia’s contribution’ to the integrated air and missile defense system in the region.

On Thursday during a Cabinet meeting, President Donald Trump and his Middle East envoy, Steve Witkoff, said they believe Hamas will disarm under a U.S.-backed Gaza ceasefire plan as it enters its second phase.

But regional analysts have warned the terror group has no intention of disarming and could even block Trump’s Gaza plan altogether.

‘Hamas will do all the possible and creative maneuvers and manipulations in order to keep its power and influence in the Gaza Strip,’ professor Kobi Michael, a senior researcher at the Institute for National Security Studies and the Misgav Institute, told Fox News Digital.

‘The Israel Defense Forces are the only entity that can disarm Hamas.’

Fox News’ Emma Bussey and the Associated Press contributed to this report. 

This post appeared first on FOX NEWS

Main Street investors are grappling with emotionally driven investment decisions, which could pose a greater financial threat than the market downturn that Wall Street is predicting.

That’s according to an exclusive survey conducted by MarketWise.

“This kind of disconnect suggests investors are riding performance momentum and bracing for volatility. This type of setup often leads to sharper pullbacks when sentiment eventually turns.’

The study was conducted on December 11, 2025. The responses, gathered from 1,004 investors across various demographics, reveal heightened anxiety as recession fears linger.

Asset allocations: Cash reigns, crypto cowers

This emotional undercurrent is manifesting starkly in portfolios, where safety trumps speculation.

The MarketWise survey shows that cash still dominates, with 86 percent of investors participating with an average US$626 monthly allocation. Fifty-five percent deem it the safest asset overall.

In stark contrast, crypto attracts just 35 percent participation at a meager US$92 monthly average.

“Crypto is no longer the ‘Wild West,’ but investor confidence hasn’t caught up to regulatory clarity. Fifty-four percent of investors say crypto is the asset class they’re most cautious about, and 56 percent see it as the most volatile despite reporting rules and oversight expanding,” said Royal.

Gold and commodities drew optimism from 44 percent overall, with that amount rising to 47 percent among Millennials. This sentiment aligns with the metal’s recent record surge past US$5,500 per ounce on safe-haven bids.

Stocks remain broad at 69 percent participation with an average monthly contribution of US$320; however, caution prevails for 46 percent of those surveyed, who said they feel “fearful” about stocks in 2026, mirroring 47 percent real estate wariness, despite a 23 percent holding.

Generational anxiety divide

Recession fears loom large, with three-quarters of respondents anticipating a 2026 downturn — yet 46 percent admit financial unreadiness. This number rises to 54 percent for those earning under US$75,000.

“Investor sentiment explains why panic-driven behavior persists, such as 18 percent of investors reporting that doomscrolling has already pushed them into a rushed investment decision,” Royal noted.

Forty-three percent of respondents predict emotional investing will harm their performance, while 45 percent have paused markets for mental health and 46 percent let economic and geopolitical headlines sway feelings.

“The mental tax of investing is becoming tough to ignore,” Royal added.

“Half of American investors check their portfolios at least once a day (with 9 percent doing so five or more times per day), and 51 percent feel investment stress at least monthly.”

This intensifies among youth. Sixty-one percent of Gen Z report acute investment stress, and 36 percent feel it daily or weekly, far above the average. Fear of missing out, or ‘FOMO,’ drives 17 percent of Gen Z decisions, with 42 percent overall somewhat or often impacted, highlighting impulsive trends among youth.

Meanwhile, 36 percent of Gen Z plan safety shifts versus 29 percent broadly. Millennials show parallel vulnerabilities: 21 percent admit doomscrolling panic, and 11 percent check portfolios frequently.

“Even solid fundamentals can get drowned out by headlines when investors are this emotionally fatigued. Of course, that’s when discipline matters most,” explained Royal.

Coping strategies lean toward rationality: 34 percent remind themselves markets move in cycles, and 20 percent research more to regain control. Older generations appear to show more restraint. Baby Boomers and Gen X report lower stress, with 49 percent overall “rarely” or “never” stressed versus Gen Z’s 61 percent. This generational divide — youth FOMO versus elder discipline — underscores the emotional paralysis among younger investors.

Market behavior mirrors this anxiety: 2025 Google searches for “stock market crash” hit 1.72 million, far outpacing “bull market” searches at 262,000. “Crypto crash” drew 392,000 hits, reinforcing the survey’s fear-driven sentiment.

Investor takeaway

As the gold price hits record highs and the cryptocurrency sector lags, MarketWise’s survey proves the real 2026 battle isn’t markets — it’s mastering the emotions driving them.

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

This post appeared first on investingnews.com

Homeland Nickel (TSXV:SHL,OTC: SRCGF) is a Canada-based mineral exploration company targeting critical metals, with a strategic focus on nickel laterite projects in southern Oregon, USA. Recognized as a critical mineral by the US government, nickel underpins Homeland Nickel’s strategy as the company advances assets in what it views as the only US region with the scale and geology capable of supporting a significant domestic nickel supply.

The company has built a portfolio of nine nickel laterite projects originally identified during exploration programs carried out between the 1950s and 1970s. The deposits occur as near-surface laterite lenses formed through the weathering of ultramafic rocks, allowing for efficient surface sampling and auger drilling to quickly delineate mineral resources. This geological setting enables Homeland Nickel to advance multiple projects in parallel while maintaining a cost-effective exploration approach.

Location map of the Cleopatra Nickel property

Alongside project consolidation and exploration, Homeland Nickel also holds a portfolio of mining equities in publicly listed companies. Management considers this portfolio a strategic asset that enhances financial flexibility and offers potential non-dilutive funding opportunities, supporting a disciplined capital allocation strategy as the company progresses its nickel assets through resource definition and technical evaluation.

Company Highlights

  • Controls nine nickel laterite projects in Southern Oregon — Cleopatra, Red Flat, Eight Dollar Mountain, Woodcock Mountain, Josephine Creek, Iron Mountain, Peavine Mountain, Rough & Ready and Free & Easy — representing the most comprehensive consolidation of historically identified US nickel laterite occurrences
  • Historic resources at Cleopatra (39.5 Mt @ 0.93 percent nickel) and Red Flat (18.8 Mt @ 0.84 percent nickel) provide an advanced starting point with significant expansion potential
  • At-surface nickel laterite mineralization supports rapid, low-cost exploration and resource definition compared to underground nickel sulfide projects
  • Strategic partnerships with Patriot Nickel (property option) and Brazilian Nickel (ore processing) support advancement toward development while limiting shareholder dilution
  • Maintains a portfolio of publicly traded mining equities, providing financial flexibility and optionality to support exploration and development programs

This Homeland Nickel profile is part of a paid investor education campaign.*

Click here to connect with Homeland Nickel (TSXV:SHL) to receive an Investor Presentation

This post appeared first on investingnews.com

Crypto wallets are rapidly evolving from simple asset storage tools into sophisticated financial operating systems, increasingly serving as the primary interface for everyday financial activity on-chain.

That’s the central thesis of a new research report from Bitget Wallet. In it, the firm argues that as blockchain adoption matures, user behavior is shifting away from episodic, market-driven trading toward repeatable financial activities such as payments, savings and asset management, positioning the wallet at the center of a new financial era in 2026.

This structural shift sees wallets consolidating functions once spread across traditional exchanges, banks and standalone decentralized applications. Payments, trading, yield and privacy are now handled through a single, user-owned interface as cryptocurrencies begin to function more like everyday money.

This maturation is quantifiable: stablecoin on-chain transaction volume reached about US$33 trillion in 2025, with global stablecoin supply growing more than 50 percent to over US$300 billion. Furthermore, spending across major crypto card programs rose 525 percent year-on-year, underscoring a clear transition toward real-world financial use.

The BitGet Wallet report details eight structural trends defining this new phase of on-chain finance.

1. Payments expansion and invisible settlement

Stablecoins are evolving from a gray-zone asset into an invisible, programmable global settlement infrastructure, integrated into cross-border and local instant payment systems and card networks. Wallets function as multi-currency routing hubs, handling conversions and optimizing paths, increasingly using ‘PayFi’ models where held capital automatically earns on-chain yield during payment cycles.

2. The rise of agentic commerce

The artificial intelligence (AI) economy is moving toward machines as autonomous economic actors. Protocols like x402 enable AI agents to transact automatically for data and services by embedding stablecoin payments in HTTP requests.

As this shifts the security focus from know your customer to know your agent (KYA), wallets are becoming unified funding, risk control and KYA enforcement hubs for both people and their authorized agents.

3. Privacy as core infrastructure

Privacy is now essential for scalable on-chain finance. With the Ethereum Foundation prioritizing it, privacy must be built into the infrastructure. Wallets are emerging as the main privacy boundary, managing transactions and on-chain data access to balance trust, usability and compliance without revealing full balances or behaviors.

4. On-chain credit evolves from collateral to reputation

DeFi is shifting from overcollateralized lending to models based on behavioral trust. Continuous on-chain activity, including recurring payments and cash management, generates behavioral signals for dynamic risk assessment. Wallets can aggregate these cross-chain, time-based behaviors to create a behavioral credit layer, translating consistent activity into better permissions and reduced friction, thus building durable financial relationships.

5. Market rebalancing and RWA derivatives

Real-world assets (RWAs) are evolving past simple tokenization toward perpetual and synthetic exposure.

With regulatory clarity and a sizeable increase in tokenized RWA value, reaching US$37.7 billion in 2025, attention is shifting to trading. Synthetic RWA derivatives and perpetual decentralized exchanges (Perp DEXs) are emerging, facilitating price exposure to nearly any asset with a reliable feed, and turning wallets into cross-market portfolio allocation gateways.

6. Perp DEXs and wallet-native trading

Decentralized perpetual markets grew significantly in 2025, with monthly turnover surpassing US$1 trillion at times. This brought on-chain perpetuals close to 20 percent of centralized derivatives volume.

Wallets are increasingly becoming the main trading platform, integrating execution, context and portfolio management, replacing standalone trading venues.

7. Prediction markets as tradable information

Prediction markets have become key financial infrastructure, with annual volumes over US$40 billion.

They now convert real-world events, like sports or elections, into tradable probability signals containing asymmetric information. Wallets are transforming into event-driven financial interfaces, making it easier for users to express views and manage risk based on these outcomes.

8. Memecoins as an onboarding vector

Memecoins, despite driving new wallet downloads and trading, offer inconsistent liquidity.

As the market matures, wallets are adding advanced tools like address clustering and relationship analysis to help users better understand the emotion, momentum and capital flows of meme trading, aiming to convert speculative activity into sustainable financial behavior.

Investor takeaway

“Crypto is increasingly being used for everyday financial activity,” said Bitget Wallet CMO Jamie Elkaleh.

Elkaleh also noted that Bitget Wallet has embraced this shift, strategically aligning its product architecture around payments and cash management with its unified Pay hub that combines crypto cards, QR payments and bank transfers alongside yield and trading features.

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

This post appeared first on investingnews.com

Investor Insight

Homeland Nickel combines a consolidated portfolio of nine at-surface nickel laterite projects in Southern Oregon with a strategic portfolio of mining equities, offering investors leveraged exposure to domestic US nickel development alongside balance-sheet flexibility and reduced dilution risk.

Overview

Homeland Nickel (TSXV:SHL,OTC:SRCGF) is a Canadian mineral exploration company focused on critical metals, with a primary emphasis on nickel laterite projects in Southern Oregon, USA. Nickel has been designated a critical mineral by the US government, and Homeland Nickel is advancing assets in what it considers the only region in the United States with the geological scale and characteristics required to support a meaningful domestic nickel supply.

The company has assembled a portfolio of nine nickel laterite projects that were originally identified during exploration campaigns conducted from the 1950s through the 1970s. These deposits occur as at-surface laterite lenses formed by the weathering of ultramafic rocks, enabling the use of surface sampling and auger drilling to rapidly define mineral resources. This geological setting allows Homeland Nickel to advance multiple projects efficiently while managing exploration costs.

In parallel with asset consolidation and exploration, Homeland Nickel maintains a portfolio of mining equities in publicly traded companies. Management views this portfolio as a strategic asset that provides additional financial flexibility and potential non-dilutive funding options, supporting a disciplined capital allocation strategy as the company advances its nickel projects through resource definition and technical studies.

Company Highlights

  • Controls nine nickel laterite projects in Southern Oregon — Cleopatra, Red Flat, Eight Dollar Mountain, Woodcock Mountain, Josephine Creek, Iron Mountain, Peavine Mountain, Rough & Ready and Free & Easy — representing the most comprehensive consolidation of historically identified US nickel laterite occurrences
  • Historic resources at Cleopatra (39.5 Mt @ 0.93 percent nickel) and Red Flat (18.8 Mt @ 0.84 percent nickel) provide an advanced starting point with significant expansion potential
  • At-surface nickel laterite mineralization supports rapid, low-cost exploration and resource definition compared to underground nickel sulfide projects
  • Strategic partnerships with Patriot Nickel (property option) and Brazilian Nickel (ore processing) support advancement toward development while limiting shareholder dilution
  • Maintains a portfolio of publicly traded mining equities, providing financial flexibility and optionality to support exploration and development programs

Key Projects

Cleopatra Project

The Cleopatra project is Homeland Nickel’s flagship asset and hosts a historical mineral resource of 39.5 Mt grading 0.93 percent nickel. Mineralization occurs at surface and has historically only been explored to shallow depths (about 12 feet), leaving the deposit open at depth and along strike.

Location map of the Cleopatra Nickel property

Cleopatra is one of two projects optioned to Patriot Nickel under a staged earn-in agreement that includes cash payments, exploration expenditures and advancement to pre-feasibility. Homeland Nickel remains the operator during the exploration phase, retains a 20 percent interest in the Cleopatra project and receives a 20 percent equity interest in Patriot.

Red Flat Project

The Red Flat project is located approximately 12 kilometres inland from Gold Beach, Oregon, and hosts a historical resource of 18.8 Mt grading 0.84 percent nickel. Historical trenching and drilling indicate thick laterite horizons with consistent nickel grades.

Red Flat is accessible via gravel road.

The project has received a Surface Use Determination from the US Forest Service approving a proposed sonic drilling program, subject to a National Environmental Policy Act review. Homeland Nickel plans to update the historical resource and evaluate potential expansion through additional drilling and sampling.

Eight Dollar Mountain Project

The Eight Dollar Mountain project lies within the same ultramafic geological belt as Cleopatra and Red Flat. Surface sampling has returned nickel values of up to 2.2 percent nickel, highlighting the project’s high-grade potential. The property consists of 115 mining claims covering an area of 2,376 acres.

Eight Dollar Mountain is included in the option agreement with Patriot Nickel, with work planned to support an initial mineral resource estimate.

Woodcock Mountain Project

The Woodcock Mountain project covers more than 900 acres and has been identified by the United States Geological Survey as hosting significant nickel laterite mineralization. Historical work has reported grades up to 1.5 percent nickel over 15 feet and values as high as 2.13 percent nickel along a three-kilometre trend.

The project is located outside withdrawn land areas, and Homeland Nickel plans to advance surface sampling and auger drilling to define an initial mineral resource.

Josephine Creek Project

The Josephine Creek project, adjacent to Woodcock Mountain, was staked based on historic nickel laterite exposures. Sampling completed in 2025 returned an average grade of 0.73 percent nickel, with 10 of 82 samples grading 1 percent nickel or higher. The property consists of 174 lode mining claims covering an area of 1,455 acres.

Josephine Creek was sampled by the company in 2025 with 74 samples over 22 individual mining claims returning an average of 0.75 percent nickel with 10 samples grading over 1 percent nickel. The property benefits from proximity to infrastructure and further work is planned in 2026 to support an initial resource estimate.

Rough and Ready

The most recently acquired property, Rough and Ready, has seen extensive surface sampling, auger hole drilling and pit excavations to expose good grade nickel laterite over a wide area. Homeland Nickel will review the extensive data acquired with this project and will sample all claims for nickel during a summer 2026 exploration program.

Iron Mountain, Peavine Mountain and Free & Easy Projects

Homeland Nickel has also staked nickel laterite claims at Iron Mountain, Peavine Mountain and Free & Easy, expanding its portfolio to a total of eight projects. These earlier-stage assets provide additional pipeline depth and optionality as the company advances its more mature projects.

Mining Equities Portfolio

In addition to its wholly owned exploration assets, Homeland Nickel holds a portfolio of publicly traded mining equities, including positions in Canada Nickel Company, Noble Mineral Exploration, Benton Resources, Vinland Lithium and Magna Terra Minerals. This portfolio provides financial flexibility and potential non-dilutive funding options, supporting the company’s exploration strategy while offering exposure to value creation beyond its own project pipeline.

Management Team

Stephen Balch — President, CEO and Director

Stephen Balch is an Ontario-registered geoscientist with over 40 years of experience in mineral exploration, including nearly three decades focused on nickel. His background spans nickel, copper and platinum-group element exploration across major mining jurisdictions, including experience with Inco Limited, FNX Mining, Noront and Voiseys Bay Nickel. He has more than 20 years of public company leadership experience as a CEO, president, technical consultant and director. In 2001, he joined Aeroquest Limited and helped develop the AeroTEM airborne geophysical system, and in 2019 co-founded Canada Nickel Company, where he currently serves as VP Exploration.

Ashley Nadon — Chief Financial Officer

Ashley Nadon is a chartered professional accountant with a BA in Economics and an MBA. She provides consulting and accounting services to private and public companies as the managing director of a chartered professional accounting firm. Nadon brings experience as a CFO of several reporting issuers and currently serves as CFO for Kermode Resources.

Errol Farr — Corporate Secretary

Errol Farr is a seasoned financial professional with more than 35 years of experience in financial management, reporting, business optimization and strategy development. He previously served as CFO of Anaconda Mining, and currently holds senior executive roles including CFO, COO and corporate secretary of Zonetail, CFO of Big Tree Carbon and CFO/corporate secretary of AFR NuVenture Resources, a mining exploration company with US projects.

Vance White — Director

Vance White has over five decades of experience in guiding mineral exploration companies. He has served as president, CEO and director of Noble Mineral Exploration since 2003 and has held director and officer positions with multiple public companies in the mining sector.

Michael Dehn — Director

Michael Dehn is a partner at Avanti Management and Consulting with more than 21 years in the mining industry. He has served as a director of publicly listed and private junior mining companies and is currently president and CEO of Temas Resources and United Lithium. He has been a director of the company’s predecessor since December 2020.

Birks Bovaird — Director

Birks Bovaird is chair of the board of Energy Fuels, a uranium and vanadium mining and development company, and serves as a director of Noble Mineral Exploration. His career has focused on corporate financial consulting and strategic planning, including serving as vice-president of corporate finance at a major Canadian accounting firm. He holds an ICD.D designation and is a graduate of the Canadian Director Education Program.

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President Donald Trump has filed a $10 billion lawsuit against the IRS, accusing the agency of unlawfully leaking his confidential tax returns in a politically motivated violation of federal privacy laws.

A spokesman for Trump’s legal team told Fox News ‘a rogue, politically motivated’ IRS employee disclosed private and confidential tax information involving Trump, his family and the Trump Organization to outlets, including The New York Times and ProPublica.

The suit claims the disclosures were illegal and harmed millions by violating federal privacy laws.

That contractor at the heart of the leak, Charles Littlejohn, pleaded guilty in October 2023 to a single felony count of unauthorized disclosure of tax return information and is serving a five-year prison sentence.

Littlejohn admitted to stealing and leaking Trump’s tax records to The New York Times and to disclosing confidential tax data involving wealthy individuals to ProPublica.

According to the lawsuit, Littlejohn testified in a 2024 deposition that the Trump materials he leaked included information on all of Trump’s business holdings.

As previously reported by Fox News Digital, Littlejohn refused to testify before Congress, invoking his Fifth Amendment rights while appealing his sentence.

According to a June 2025 Judiciary Committee press release, DOJ prosecutors said Littlejohn’s disclosures were ‘unprecedented in its scope and scale.’ 

This is a developing story. Check back for updates.

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