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TORONTO, ON TheNewswire – March 26, 2025 Silver Crown Royalties Inc. ( Cboe: SCRI, OTCQX: SLCRF, BF: QS0 ) ( ‘Silver Crown’ ‘SCRi’ the ‘Corporation’ or the ‘Company’ ) is pleased to announce the release of its financial results for the year ended December 31, 2024. The Company has filed its audited consolidated financial statements, management’s discussion & analysis and annual information form for the year ended December 31, 2024 on SEDAR+ ( www.sedarplus.ca ) and will be uploading these filings to its website today.

In the fourth quarter of fiscal 2024, SCRi recorded revenue of $234,702 based on the minimum aggregate quarterly payments of the cash equivalent (‘ Minimum Payments ‘) of 5,500 silver ounces under its royalties compared to the previous quarter’s revenue of $164,425 that was based on Minimum Payments of 4,245 silver ounces. SCRi revenue for the fourth quarter of fiscal 2023 was $52,976 based on Minimum Payments of 1,837 silver ounces.

Silver Ounce and Revenue Growth Profile

Source: SEDAR+, company filings

Summary of Quarterly Results

Three months ended December 31, 2024

Three months ended September 30, 2024

Three months ended December 31, 2023

Attributable Silver Ounces

5,500 1

4,245

1,837

% change (Q/Q and Y/Y)

30%

199%

Revenue

$234,702

$164,425

$52,976

% change (Q/Q and Y/Y)

43%

343%

1 Note: The Minimum Payment due for the fourth quarter of fiscal 2024 on the Company’s royalty on the PGDM Complex owned by a
subsidiary Pilar Gold Inc. remains overdue and outstanding.

Peter Bures, Silver Crown’s Chief Executive Officer, commented, ‘I’m happy to announce that Q4 of 2024 marks our seventh consecutive quarter of growth in revenue that is based on underlying silver ounces earned under various royalty agreements. This milestone reflects our ability to execute our strategy as well as the drive and dedication of our team. Looking back, our full-year 2024 revenue has climbed to $581,337 from $124,772 in 2023, a 366% increase – a significant achievement for our team and shareholders. We note that with the early payment of the PPX/Igor 4 royalty, Q1 2025 is expected to be another record silver payment and revenue quarter.’

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, ‘ We note that with the early payment of the PPX/Igor 4 royalty, Q1 2025 is expected to be another record silver payment and revenue quarter’- . Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Silver Tiger Metals Inc. (TSXV: SLVR) (OTCQX: SLVTF) (the ‘Company‘ or ‘Silver Tiger’) is pleased to announce it has entered into an agreement with Stifel Canada and Desjardins Capital Markets, to act as co-lead underwriters (together, the ‘Co-Lead Underwriters’) and joint bookrunners (together with a syndicate of underwriters, the ‘Underwriters’) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 45,455,000 common shares of the Company (the ‘Common Shares’) at a price of C$0.33 per Common Share (the ‘Offering Price’) for gross proceeds to the Company of approximately C$15,000,150 (the ‘Offering’).

The Company will grant the Underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering. If this option is exercised in full, an additional C$2,250,023 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be approximately C$17,250,173.

The Company plans to use the net proceeds from the Offering to fund exploration and development expenditures at the Company’s El Tigre Project in Mexico, as well as for working capital and general corporate purposes. The Common Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Québec. The Common Shares will also be sold to U.S. buyers on a private placement basis pursuant to an exemption from the registration requirements in Rule 144A of the United States Securities Act of 1933, as amended, and other jurisdictions outside of Canada provided that no prospectus filing or comparable obligation arises.

The Offering is scheduled to close on or about April 14, 2025 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.

The Preliminary and Final Prospectus’ will be filed with the securities commissions in each of the provinces of Canada, except Quebec, and will be available on SEDAR+ at www.sedarplus.ca. Alternatively, the Preliminary and Final Prospectus’ may be obtained upon request by contacting the Company or Stifel in Canada, attention: ProspectusCanada@stifel.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘1933 Act’) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and application state securities laws.

About Silver Tiger and the El Tigre Historic Mine District

Silver Tiger Metals Inc. is a Canadian company whose management has more than 25 years’ experience discovering, financing and building large hydrothermal silver projects in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger. The El Tigre historic mine district is located in Sonora, Mexico and lies at the northern end of the Sierra Madre silver and gold belt which hosts many epithermal silver and gold deposits, including Dolores, Santa Elena and Las Chispas at the northern end. In 1896, gold was first discovered on the property in the Gold Hill area and mining started with the Brown Shaft in 1903. The focus soon changed to mining high-grade silver veins in the area with production coming from 3 parallel veins the El Tigre Vein, the Seitz Kelley Vein and the Sooy Vein. Underground mining on the middle El Tigre vein extended 1,450 meters along strike and was mined on 14 levels to a depth of approximately 450 meters. The Seitz Kelley Vein was mined along strike for 1 kilometer to a depth of approximately 200 meters. The Sooy Vein was only mined along strike for 250 meters to a depth of approximately 150 meters. Mining abruptly stopped on all 3 of these veins when the price of silver collapsed to less than 20¢ per ounce with the onset of the Great Depression. By the time the mine closed in 1930, it is reported to have produced a total of 353,000 ounces of gold and 67.4 million ounces of silver from 1.87 million tons (Craig, 2012). The average grade mined during this period was over 2 kilograms silver equivalent per ton. The El Tigre silver and gold deposit is related to a series of high-grade epithermal veins controlled by a north-south trending structure cutting across the andesitic and rhyolitic tuffs of the Sierra Madre Volcanic Complex within a broad silver and gold mineralized prophylitic alteration zone developed in the El Tigre Formation that can be up to 150 meters wide. The veins dip steeply to the west and are typically 0.5 meter wide but locally can be up to 5 meters in width. The veins, structures and mineralized zones outcrop on surface and have been traced for 5.3 kilometers along strike in our brownfield exploration area. Historical mining and exploration activities focused on a 1.6 kilometer portion of the southern end of the deposits, principally on the El Tigre, Seitz Kelly and Sooy veins. The under explored Caleigh, Benjamin, Protectora and the Fundadora exposed veins continue north for more than 3 kilometers. Silver Tiger has delivered its maiden 43-101 compliant resource estimate and is currently drilling to update its resource estimate and publish a PEA

VRIFY Slide Deck and 3D Presentation – Silver Tiger’s El Tigre Project

VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps. Access the Silver Tiger Metals Inc. Company Profile on VRIFY at: https://vrify.com The VRIFY Slide Deck and 3D Presentation for Silver Tiger Metals Inc. can be viewed at: https://vrify.com/explore/decks/492 and on the Corporation’s website at: www.silvertigermetals.com.

Procedure, Quality Assurance / Quality Control and Data Verification

The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the sample lengths are determined, the full core is sawn with a diamond blade core saw with one half of the core being bagged and tagged for assay. The remaining half portion is returned to the core trays for storage and/or for metallurgical test work. The sealed and tagged sample bags are transported to the Bureau Veritas facility in Hermosillo, Mexico. Bureau Veritas crushes the samples (Code PRP70-250) and prepares 200-300 gram pulp samples with ninety percent passing Tyler 200 mesh (Code PUL85). The pulps are assayed for gold using a 30-gram charge by fire assay (Code FA430) and over limits greater than 10 grams per tonne are re-assayed using a gravimetric finish (Code FA530). Silver and multi-element analysis is completed using total digestion (Code MA200 Total Digestion ICP). Over limits greater than 100 grams per tonne silver are re-assayed using a gravimetric finish (Code FA530). Quality assurance and quality control (‘QA/QC’) procedures monitor the chain-of-custody of the samples and includes the systematic insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this announcement have passed Silver Tiger’s QA/QC protocols.

Qualified Person

David R. Duncan, P. Geo., V.P. Exploration of the Corporation, is the Qualified Person for Silver Tiger as defined under National Instrument 43-101. Mr. Duncan has reviewed and approved the scientific and technical information in this press release.

CAUTIONARY STATEMENT:

Neither 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. This News Release includes certain ‘forward-looking statements’. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, the ability to convert inferred resources to indicated resources, the ability to complete future drilling programs and infill sampling, the ability to extend resource blocks, the similarity of mineralization at El Tigre to Delores, Santa Elena and Chispas, exploration results, and future plans and objectives of Silver Tiger, are forward-looking statements that involve various risks and uncertainties. Forwardlooking statements are frequently characterized by words such as ‘may’, ‘is expected to’, ‘anticipates’, ‘estimates’, ‘intends’, ‘plans’, ‘projection’, ‘could’, ‘vision’, ‘goals’, ‘objective’ and ‘outlook’ and other similar words. Although Silver Tiger believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Silver Tiger’s expectations include risks and uncertainties related to exploration, development, operations, commodity prices and global financial volatility, risk and uncertainties of operating in a foreign jurisdiction as well as additional risks described from time to time in the filings made by Silver Tiger with securities regulators.


Source

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Falco Resources Ltd. (TSX.V: FPC) (‘ Falco ‘ or the ‘ Corporation ‘) announced today that since its March 3 rd press release (the ‘ March 3 rd Press Release ‘), the Corporation has received complementary correspondence (the ‘ Complementary Correspondence ‘) from the Direction de l’évaluation environnementale des projets industriels et minières, at the Ministère de l’Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (the ‘ Ministry ‘), which aims to clarify the Ministry’s position regarding the ongoing process regarding the Horne 5 Project (the ‘ Project ‘).

The Complementary Correspondence confirms, among other things, that the list of comments and questions previously received and discussed in the March 3 rd Press Release (the ‘ Additional Questions ‘) is part of the standard process and that at this stage of the process, as with any other project, no conclusions can be drawn, whether regarding the acceptability or otherwise of the Project or the recommendation that may subsequently be made to the Minister.

The Ministry’s position regarding its interpretation of section 197 of the Clean Air Regulations (‘ CAR ‘) was not reiterated in the Complementary Correspondence. The Complementary Correspondence specifies that ‘ only the responses that the Corporation is invited to provide to the Ministry will allow the analysis to continue in accordance with the usual process.’ The Corporation understands that the Ministry’s position regarding its interpretation of section 197 of the CAR remains under review. The Corporation submitted responses to the additional questions, along with an explanatory letter to the Ministry on March 21, 2025.

Luc Lessard, President and CEO of Falco, commented: ‘ Falco continues its discussions with representatives of the Ministry with the aim of obtaining the necessary authorizations to continue the Project.

Furthermore, the results of the recently conducted independent survey show that the Corporation enjoys strong majority support in Rouyn-Noranda, where 72% of respondents are in favor of the Horne 5 Project, as well as in Abitibi-Témiscamingue, where support reaches 74%. These results demonstrate significant public support for the Project. For more information about the survey, refer to the Corporation’s press release dated March 18, 2025, by clicking on the following link. https://bit.ly/4hQlLNM

The Corporation reiterates that there is no certainty or guarantee that Falco will be able to raise the necessary funds to pursue the Project or that the Project will obtain the required government authorizations.

About Falco

Falco Resources is one of the largest holders of mining titles in the province of Québec, with a large portfolio of properties in the Abitibi greenstone belt. Falco holds rights to approximately 67,000 hectares of land in the Noranda Mining Camp, representing 67% of the entire camp and including 13 former gold and base metals mining sites. Falco’s principal asset is the Horne 5 project located beneath the former Horne mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Development Corp. is Falco’s largest shareholder with a 16.0% interest in the Corporation.

For further information, please contact:

Luc Lessard
President and Chief Executive Officer
514 261-3336
info@falcores.com

Neither 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 Statements

This press release contains forward-looking statements and forward-looking information (collectively, ‘ forward-looking statements ‘) within the meaning of applicable securities laws. These statements include references to the social acceptability of the Project, the Ministry’s interpretation of section 197 of the CAR, the issues identified in the course of the BAPE process and noted by the Ministry, the development of the Horne 5 Project and the granting of environmental authorizations. These statements are based on information currently available to the Corporation and the Corporation provides no assurance that actual results will meet management’s expectations. The occurrence of such events or the realization of such statements is subject to a number of risk factors, including, without limitation, the risk factors identified in Falco’s annual management’s discussion and analysis and in other continuous disclosure documents available at www.sedarplus.com .

Although Falco believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this press release, and no assurance can be given that such events will occur in the disclosed time frames or at all. As mentioned by Falco in its public disclosure and in its previous press releases, certain major issues have been raised by the Ministry in the context of the development of the project and in the BAPE process, including the compliance of the Project with section 197 of the CAR. There is no certainty or guarantee that the Ministry will change its position regarding the application of section 197 of the CAR to the Project, that Falco will be able to respond to the numerous additional requests from the Ministry in a timely manner or that Falco will be able to raise the necessary funds to continue the additional studies requested by the Ministry, which could significantly delay or prevent the granting of the required authorizations and therefore have an adverse impact on the development of the Project and on Falco’s financial situation. Except as required by applicable law, Falco disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information.

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The Atlantic published Wednesday what it described as the ‘attack plans’ at the center of a Signal text chain leak involving senior officials in the Trump administration.

Secretary of Defense Pete Hegseth and national security adviser Mike Waltz have faced calls to resign following revelations that the outlet’s editor-in-chief Jeffrey Goldberg was inadvertently added to a private group chat earlier this month in which Hegseth, Waltz, Vice President JD Vance and other top administration officials reportedly discussed impending airstrikes on Yemen’s Houthi rebels. Hegseth has said ‘nobody was texting war plans’ and Director of National Intelligence Tulsi Gabbard vowed during a Senate Intelligence Committee hearing Tuesday that there was ‘no classified material’ in the messages.

‘TEAM UPDATE: TIME NOW (1144et): Weather is FAVORABLE. Just CONFIRMED w/CENTCOM we are a GO for mission launch. 1215et: F-18s LAUNCH (1st strike package). 1345: ‘Trigger Based’ F-18 1st Strike Window Starts (Target Terrorist is @ his Known Location so SHOULD BE ON TIME – also, Strike Drones Launch (MQ-9s),’ Hegseth apparently wrote in a screenshot of a text message released Wednesday by The Atlantic. 

‘1410: More F-18s LAUNCH (2nd strike package). 1415: Strike Drones on Target (THIS IS WHEN THE FIRST BOMBS WILL DEFINITELY DROP, pending earlier ‘Trigger Based’ targets). 1536 F-18 2nd Strike Starts – also, first sea-based Tomahawks launched,’ Hegseth reportedly continued, before adding ‘Godspeed to our Warriors.’

Waltz later allegedly wrote ‘The first target – their top missile guy – we had positive ID of him walking into his girlfriend’s building and it’s now collapsed,’ according to The Atlantic. 

‘Excellent,’ read a message in response attributed to Vance.

The Atlantic said in its report Wednesday – titled ‘Here Are the Attack Plans That Trump’s Advisers Shared on Signal’ – that ‘the statements by Hegseth, Gabbard, Ratcliffe, and Trump – combined with the assertions made by numerous administration officials that we are lying about the content of the Signal texts – have led us to believe that people should see the texts in order to reach their own conclusions.’

‘There is a clear public interest in disclosing the sort of information that Trump advisers included in nonsecure communications channels, especially because senior administration figures are attempting to downplay the significance of the messages that were shared,’ wrote the Atlantic’s Goldberg and reporter Shane Harris. 

‘Experts have repeatedly told us that use of a Signal chat for such sensitive discussions poses a threat to national security. As a case in point, Goldberg received information on the attacks two hours before the scheduled start of the bombing of Houthi positions. If this information – particularly the exact times American aircraft were taking off for Yemen – had fallen into the wrong hands in that crucial two-hour period, American pilots and other American personnel could have been exposed to even greater danger than they ordinarily would face,’ they also said.

Vance responded to the report Wednesday by declaring that ‘It’s very clear Goldberg oversold what he had. 

‘But one thing in particular really stands out. Remember when he was attacking Ratcliffe for blowing the cover for a CIA agent? Turns out Ratcliffe was simply naming his chief of staff,’ he added.

The Atlantic report said ‘A CIA spokesperson asked us to withhold the name of John Ratcliffe’s chief of staff, which Ratcliffe had shared in the Signal chain, because CIA intelligence officers are traditionally not publicly identified.’

Waltz wrote on X ‘No locations. No sources & methods. NO WAR PLANS. Foreign partners had already been notified that strikes were imminent. BOTTOM LINE: President Trump is protecting America and our interests.’

White House Deputy Chief of Staff Taylor Budowich said in response to the report that ‘The Atlantic has already abandoned their bulls— ‘war plans’ narrative, and in releasing the full chat , they concede they LIED to perpetuate yet ANOTHER hoax on the American people. What scumbags!’

‘The Atlantic has conceded: these were NOT ‘war plans,’’ White House Press Secretary Karoline Leavitt added. ‘This entire story was another hoax written by a Trump-hater who is well-known for his sensationalist spin.’

Some Congressional Democrats have been calling for Hegseth’s ouster since the text chain leak was first reported.

House Minority Leader Hakeem Jeffries, the highest-ranking Democrat to do so, wrote a letter to President Donald Trump yesterday demanding that Hegseth be ‘fired immediately.’ 

‘The so-called Secretary of Defense recklessly and casually disclosed highly sensitive war plans — including the timing of a pending attack, possible strike targets and the weapons to be used –during an unclassified national security group chat that inexplicably included a reporter. His behavior shocks the conscience, risked American lives and likely violated the law,’ Jeffries wrote.

Pressed by a reporter yesterday about the matter, Hegseth claimed he has everything under control.

‘Nobody’s texting war plans,’ he said. ‘I know exactly what I’m doing, exactly what we’re directing, and I’m really proud of what we accomplished, the successful missions that night and going forward.’

Fox News’ Landon Mion contributed to this report.

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: Senate Judiciary Chairman Chuck Grassley, R-Iowa, will hold a hearing next week on federal judges’ use of nationwide orders to throttle the Trump administration’s actions, which will take place back to back with an identical hearing in the lower chamber. 

In an exclusive statement to Fox News Digital, Grassley said, ‘District judges’ abuse of nationwide injunctions has hobbled the executive branch and raised serious questions regarding the lower courts’ appropriate jurisdictional realm.’

‘Since the courts and the executive branch are on an unsustainable collision course, Congress must step in and provide clarity,’ he explained. ‘Our hearings will explore legislative solutions to bring the balance of power back in check.’

The hearing is slated to take place on April 2, one day after the House’s hearing. 

‘We plan to have hearings starting next Tuesday on this broad subject,’ House Judiciary Committee Chairman Jim Jordan, R-Ohio, told ‘Fox & Friends’ on Wednesday morning.

It will be titled ‘Rule by District Judges II: Exploring Legislative Solutions to the Bipartisan Problem of Universal Injunctions.’

Specifically, the committee will look at both the constitutional and policy issues that are raised by judges issuing nationwide injunctions, particularly the uptick brought on by the Trump administration. It will further examine what harm the wide-ranging orders have posed to each branch of government, and what kind of solutions are on the table for Congress. 

The Senate Judiciary Committee’s Republican majority has invited witnesses Samuel Bray and Jesse Panuccio to testify at the hearing. 

Bray is the John N. Matthews Professor of Law at Notre Dame and is an expert on nationwide injunctions. He has written and testified on the subject extensively. He notably penned a Harvard Law Review article, ‘Multiple Chancellors: Reforming the National Injunction.’

Panuccio is a partner at Boies Schiller Flexner and was previously the acting associate attorney general at the Department of Justice (DOJ), as well as the chairman of the DOJ’s Regulatory Reform Task Force and vice chairman of the DOJ’s Task Force on Market Integrity and Consumer Fraud. He also spent time as Florida Gov. Rick Scott’s general counsel.

This is not the first time lawmakers have expressed concerns over the ability of federal judges to stop actions nationwide in their tracks. At a hearing in 2020, led by former committee Chairman Lindsey Graham, R-S.C., it was discussed at length by bipartisan senators. 

Several Republicans have already introduced bills in the House and Senate aimed at restricting the ability of federal judges to kneecap the administration. The president has expressed interest in one such measure, led by Rep. Darrell Issa, R-Calif., Fox News Digital reported last week. 

According to two sources familiar with the discussions, top White House aides told senior Capitol Hill staff members last week, ‘the president wants this.’ They also said the White House felt that time was of the essence when it comes to the judicial issue and Trump wants Congress to expedite the matter. 

While the hearings have been promptly scheduled for next week, there is no word on whether legislation on the issue will be brought to the Senate floor. 

The office of Senate Majority Leader John Thune, R-S.D., did not provide comment to Fox News Digital when asked if he had ideas for policy regarding the injunctions, or whether he believed Congress needed to act. 

When asked by Fox News earlier this week about calls to impeach judges, Thune noted that Grassley was examining the issue and said, ‘At the end of the day, there is a process, and there’s an appeals process. And, you know, I suspect that’s ultimately how it’s going to be ended.’

During a floor speech Tuesday, Senate Majority Whip John Barrasso, R-Wyo., said, ‘When partisan, unelected district court judges try to micromanage the president of the United States, it isn’t judicial review. It isn’t checks and balances. It is purely partisan politics – and it is wrong.’ 

But the No. 2 Republican didn’t call for any specific legislation on the subject. 

Critics of the GOP’s cautious approach toward federal judges’ wide-ranging orders include Gov. Ron DeSantis, R-Fla., who asked why bills weren’t already teed up at the start of the Congress. 

‘Congress has the authority to strip jurisdiction of the federal courts to decide these cases in the first place,’ the governor said on X earlier this month. 

‘The sabotaging of President Trump’s agenda by ‘resistance’ judges was predictable – why no jurisdiction-stripping bills tee’d up at the onset of this Congress?’ he asked. 

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Sen. Josh Hawley asked FBI Director Kash Patel Wednesday to look into alleged Biden-era abuses against Christians, urging Patel in a new letter to crack down on what the Missouri Republican described as First Amendment violations he said were carried out under the Biden administration.

In the letter, previewed exclusively by Fox News Digital, the Missouri Republican asked Patel to investigate alleged abuses against pro-life activists and Christians. He also urged Patel to release by April 30 information compiled by the FBI’s Richmond, Virginia, field office – including a memo that labeled certain traditionalist Catholics as potential ‘security risks’ – and to address possible violations of the FACE Act, which Hawley said targeted pro-life protesters.

‘I trust that, under your leadership, this misconduct will end. But those responsible must be held accountable,’ Hawley said in the letter. 

‘Transparency and accountability will be paramount in restoring Americans’ faith in the Bureau,’ he added. ‘Getting to the bottom of the Biden Administration’s violations of religious liberty is an excellent place to start.’

The letter from Hawley, who chairs the Senate Judiciary Subcommittee on Crime and Counterterrorism, is not the first time he has used his post to urge Patel to protect against Christian persecution. 

Hawley’s letter calls on the FBI to share with his office by the end of April a list of 22 memos and documents compiled by the FBI Richmond Field Office and related to the alleged FACE Act abuses, including all emails, memoranda, directives and policy guidance, sent to or from the FBI director, deputy director, or any other senior official regarding the enforcement of the FACE Act under the Biden Administration. 

Hawley also urged Patel to share all documents – including communications with state and local law enforcement agencies – that discuss how the Richmond Field Office memorandum or similar FBI policies were implemented or considered for enforcement at the state or local level.

Hawley zeroed in on these issues during Patel’s confirmation hearing earlier this year.

‘Do you think it’s appropriate for the FBI to single out and target people of faith in order to discourage the exercise of their First Amendment rights?’ he asked Patel in January. 

Patel vowed in response that he would ‘fully utilize, if confirmed, the investigative powers of the FBI to give you the information you require and also to hold those accountable who violated the sacred trust placed upon the FBI.’

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The leak of Houthi strike plans by the Trump administration to a journalist was not the result of a hack but an apparent human error. Still, it sparked debate over whether the nation’s most powerful government officials should communicate sensitive military information on a non-government platform. 

Jeffrey Goldberg, editor-in-chief of The Atlantic, wrote on Monday that he was added to a group chat on Signal on March 11 by National Security Advisor Mike Waltz titled ‘Houthi PC small group.’ His article details a leaked conversation between the nation’s top government officials, including the vice president, secretary of defense, director of the CIA and others, in which the sensitive details of a planned strike on Houthi terrorists in Yemen were reportedly discussed. 

The report shocked Washington and led to accusations from Democrats and others that President Donald Trump’s team endangered national security and possibly violated the law by using Signal, a messaging app. Signal’s platform is encrypted, but that doesn’t mean it is not susceptible to hacks, experts told Fox News Digital.

Encryption means that only the sender and the receiver of a message should be able to review it; not even Signal itself can pull its contents. But even without viewing a message’s contents, some metadata might be attainable.

‘Knowing who has spoken with whom at what time and for what duration is already very useful intelligence,’ said Vahid Behzadan, cybersecurity professor and researcher at the University of New Haven. 

‘If a phone is infected with spyware, messages can be intercepted before or after encryption.’

‘Screenshots or photos are not protected by Signal itself … and if previews are enabled by users in the app, sensitive info could appear on a locked screen,’ he said. 

Government officials and journalists often use Signal to communicate sensitive information for fear that emails and text communications on official government cellphones could fall under the Freedom of Information Act, meaning they could be made public. However, transmitting controlled but unclassified information on Signal is explicitly banned by Defense Department policy.

In February, Google’s Threat Intelligence Group warned of ‘increasing efforts from several Russia-aligned actors to compromise Signal accounts used by individuals of interest to Russia’s intelligence services.’ 

‘While this emerging operational interest has likely been sparked by wartime demands to gain access to sensitive government and military communications in the context of Russia’s re-invasion of Ukraine, we anticipate the tactics and methods used to target Signal will grow in prevalence in the near-term and proliferate to additional threat actors and regions outside the Ukrainian theater of war,’ Google said. 

Google warned that Signal could obtain access to all of a target’s information on their phone while their device is unlocked. 

‘As reflected in wide-ranging efforts to compromise Signal accounts, this threat to secure messaging applications is not limited to remote cyber operations such as phishing and malware delivery, but also critically includes close-access operations where a threat actor can secure brief access to a target’s unlocked device.’

At first, Goldberg said, he worried that the Signal chat was fake. 

But shortly thereafter, top names in the administration, Vice President JD Vance, Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, Director of National Intelligence Tulsi Gabbard, CIA Director John Ratcliffe, and Treasury Secretary Scott Bessent, began naming their points of contact for the impending offensive campaign in Yemen against the Houthis, according to The Atlantic. 

The group then reportedly began to use the chat for coordinating messaging plans as the administration moved closer to its offensive campaign, which was made public on March 14. 

The Trump administration has insisted no one shared classified information in the ‘Houthi PC small group’ chat. 

Ratcliffe said he’d been briefed by the agency about the ‘permissible work use’ of Signal. 

But Goldberg said the chat ‘contained operational details of forthcoming strikes on Iran-backed Houthi rebels in Yemen, including information about targets, weapons the U.S. would be deploying, and attack sequencing.’ He redacted some of the information he deemed potentially sensitive, including the name of a CIA agent who Ratcliffe had named to run point on the strikes.

Ratcliffe said it was not improper for him to share the officer’s name because he was not under active cover.

Both Ratcliffe and Gabbard said they could not recall whether specific weapons systems or specific targets had been mentioned in the Signal chat during a Senate worldwide threats hearing on Tuesday. 

When asked whether Hegseth had declassified information about the Houthi operations before sharing it in the chat, they referred senators to the Defense Department. 

Rep. Don Bacon, R-Neb., a national security hawk, isn’t buying that the chat did not reveal classified information. 

‘I will guarantee you 99.99% with confidence Russia and China are monitoring those two phones,’ Bacon said of the chat. 

‘This is a gross error, and it’s intentional. They intentionally put highly classified information on an unclassified device. I would have lost my security clearance in the Air Force for this and for a lot less.’

Matthew Shoemaker, a former defense intelligence official, said sharing classified information on Signal would violate Title 18 of U.S. Code 793, which bans gathering, transmitting or losing defense information. The punishment for such a crime carries up to 10 years in prison.

‘They had to physically remove it from a classified system and then put it on an unclassified system,’ he said. ‘Any uniformed officer would immediately be relieved of command.’

‘It’s hard to believe this is the first time they’ve been doing this. It’s likely just the first time they’ve been caught.’ 

On top of it all, Shoemaker said, White House envoy Steve Witkoff, who was a part of the chat, was in Russia on Russian-operated cell networks at the time the strike information was being communicated to him.

‘Given the Russian GRU’s past activity breaking into Signal, it’s highly likely the Russians saw everything.’

He said that any conversations about the timing of the strike, assets used or weapons is all strike package information that is ‘highly classified, likely at the top secret level.’

‘I’m sure the targeting intelligence officers would be very surprised to learn their work is actually unclassified, if what Pete Hegseth is saying were true.’

The threat of hacking the chat would depend on whether officials were using their government phones with extra layers of encryption or personal devices, according to James Robbins, dean of academics at the Institute of World Politics and former advisor to the late Defense Secretary Donald Rumsfeld.

‘I think we can assume that any government-issued phone to somebody at a Cabinet level would have all kinds of safeguards preinstalled,’ he said. 

He said the fact that Witkoff was in Russia did not mean he ‘was plugging into a Russian Wi-Fi.’ 

‘Things get communicated from our foreign embassies and foreign locations all the time. That doesn’t mean it goes over a foreign network.’

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A federal judge in Washington, D.C., temporarily blocked the shutdown of a U.S.-funded radio network. 

U.S. District Judge Royce Lamberth, who was appointed by former President Ronald Reagan, granted a temporary restraining order on the shutdown of Radio Free Europe/Radio Liberty (RFE/RL), a non-profit news organization originally founded in the 1950s by the Central Intelligence Agency to broadcast behind the Iron Curtain during the Cold War. 

Congress later began funding RFE/RL in the 1970s to promote democracy across the globe. 

The judge found Kari Lake, the longtime Arizona broadcaster and unsuccessful gubernatorial and Senate candidate tapped to oversee the U.S. Agency for Global Media, likely violated federal law in moving to slash RFE/RFL’s funding in line with President Donald Trump’s agenda to eliminate government waste. 

The U.S. Agency for Global Media houses Radio Free Europe and Asia, as well as Voice of America and Radio Marti in Cuba. 

‘RFE/RL has, for decades, operated as one of the organizations that Congress has statutorily designated to carry out this policy,’ Lamberth wrote. ‘The leadership of USAGM cannot, with one sentence of reasoning offering virtually no explanation, force RFE/RL to shut down—even if the President has told them to do so.’

Trump signed an executive order earlier this month aimed at dismantling U.S.-funded media organizations. A senior White House official told Fox News Digital at the time that Voice of America ‘has been out of step with America for years.’

‘It serves as the Voice for Radical America and has pushed divisive propaganda for years now,’ the official said. 

The executive order, which targets seven offices, including the U.S. Agency for Global Media, said ‘non-statutory components and functions of the following governmental entities shall be eliminated to the maximum extent consistent with applicable law, and such entities shall reduce the performance of their statutory functions and associated personnel to the minimum presence and function required by law.’ 

RFE/RFL sued in federal court, saying that the administration immediately froze nearly $7.5 million in funding already appropriated by Congress. The Justice Department wrote in court documents on Monday that the disbursement was underway and proof of payment would come by Wednesday. 

Voice of America Director Michael Abramowitz wrote on X that ‘virtually’ the whole 1300-person staff was placed on leave. 

In a court hearing Monday, Justice Department lawyer Abby Stout argued that RFE/RL has no grounds for a restraining order given the U.S. government would disburse the nearly $7.5 million. The plaintiff’s lawyer, Thomas Brugato, said the disbursement was only a temporary fix and the non-profit could expect widespread layoffs and to close by April if funding doesn’t continue.

‘It’s really a Band-Aid,’ Brugato said in court, according to The Hill. 

In his order, Lamberth said RFE/RL ‘was originally conceived of in the 1950s as a vehicle for providing trustworthy, locally relevant news to audiences subject to communist propaganda.’ 

‘Since its inception, RFE/RL has continued to expand, responding to threats to democracy and media freedom across the globe,’ the judge wrote, later concluding, ‘The Court concludes, in keeping with Congress’s longstanding determination, that the continued operation of RFE/RL is in the public interest.’

Separately, a lawsuit was brought Friday by Voice of America reporters, Reporters Without Borders and a handful of unions in U.S. District Court in New York against the U.S. Agency for Global Media and Kari Lake over efforts to shut them down. 

Fox News’ Emma Colton contributed to this report.

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DoorDash and Klarna are joining forces to let users pay for meal deliveries with installment loans, calling it “essential to meeting our customers’ needs.” Not everyone sees it that way.

The announcement has drawn a flurry of criticism on social media, less directed at the companies themselves than questioning what the need to use a “buy now, pay later” service for food orders says about the increasingly debt-ridden economy.

“Eat now, pay later? A credit apocalypse is coming,” an X user wrote Thursday when the partnership was announced.

Another X poster used a photo of a forlorn-looking Dave Ramsey, the personal finance pundit, with the caption, “what do you mean you have $11k in ‘doordash debt’.”

Others whipped up “Sopranos” memes, quipping about “DoorDash debt collection outside your door because you missed a Chipotle payment.”

The economic commentator Kyla Scanlon said in a social media video that the deal was another example of the “gambling economy.”

“We have memecoins, sports betting — we love a good vice in the United States, and we can do it completely frictionless,” she said. “We don’t even have to put on pants. Just app it to you and worry about everything else later.” She added that “there are real winners and losers” in business models that monetize not just convenience but “impulsivity.”

Klarna, which is preparing for an initial public offering, is among the BNPL providers that have surged into virtually all corners of the consumer economy since the pandemic, such as Afterpay, Affirm and Sezzle.

The lightly regulated financial services give users a variety of ways to pay for purchases; among the most popular are short-term loans that can typically be repaid in several interest-free installments. The companies make money by charging users for late or missed payments and merchants for the ability to offer BNPL loans at checkouts.

DoorDash said customers will be able to use Klarna for many types of purchases on its platform, not just small-dollar food deliveries. They can pay in full up front, in four installments or else later on, “such as a date that aligns with their paycheck schedules.”

A Klarna spokesperson acknowledged the online pushback but said any form of borrowing for food purchases is potentially concerning, depending on the circumstances.

“If people are in a situation where they feel like they have to put their food on credit, that’s a bad indicator for society,” the spokesperson said.

Still, many people make “a rational decision” to use BNPL services to help manage their money, the spokesperson said, adding that the new features would be available only for DoorDash purchases of at least $35 — a few dollars more than the platform’s average order as of last March. “Wherever high-cost credit cards are accepted, consumers should be able to choose a zero-interest credit product, instead.”

Indeed, industrywide data shows the short-term loans have become a routine feature of many consumers’ wallets, particularly among young adults coping with inflation and with average credit card interest rates still near 20%.

The BNPL explosion coincides with record debt levels and mounting consumer pessimism. Total household debt exceeded $18 trillion at the end of last year, according to the Federal Reserve Bank of New York, with credit card balances comprising a record $1.2 trillion of that sum. Consumer sentiment fell this month to its lowest level since 2022, and borrowers’ expectations for missing debt payments in the next three months hit their highest level since 2020, the New York Fed found.

A spokesperson for DoorDash didn’t comment on the criticism of its partnership with Klarna, saying their collaboration “provides even more flexibility, control and options.” The delivery service noted that its users can already pay with Venmo and CashApp, as well as government aid, including SNAP benefits. Klarna is already available on the grocery delivery platform Instacart, and it recently replaced rival Affirm as Walmart’s exclusive BNPL partner.

Much of the concern over BNPL has focused on the potential effects on borrowers’ credit histories, which largely still don’t reflect use of the services despite years of discussions with credit-reporting bureaus to change that. Yet a study released last month by Affirm and the credit-scoring firm FICO showed most consumers with five or more Affirm loans saw no real downside to their credit scores, some of which actually increased. And consumers consistently rate BNPL products favorably in surveys. Last year, 89% of borrowers told TransUnion they were either satisfied or very satisfied with the services.

But personal finance experts and consumer advocates say the qualms kicked up by the DoorDash-Klarna deal reflect real financial risks.

“Making four payments to cover three tacos on Tuesday sounds complicated because it is,” said Adam Rust, director of financial services at the Consumer Federation of America, an advocacy group. “I wouldn’t characterize this as a solution. It is a fintech innovation that creates problems.”

Not only might users face Klarna’s own late fees, he said, but “once customers consent to repay with automatic debits, they risk additional overdraft fees” from their banks.

Rust also highlighted recent work by the Consumer Financial Protection Bureau that remains in jeopardy or has been stopped altogether as the Trump administration defangs the agency.

The CFPB recently granted BNPL customers more ability to dispute charges and get refunds, but with staffers ordered to stop all enforcement activity last month, former employees and consumer advocates believe the rule has been rendered moot. A trade group representing fintech businesses, including some BNPL lenders but not Klarna, asked the Trump administration this month for an exemption from a law scheduled to take effect next week requiring certain lenders to verify borrowers’ ability to repay loans before they front them money.

Financial planners have long cautioned clients against budgetary strains from BNPL overuse. Even some borrowers themselves who’ve spent heavily with the services have begun warning others of their risks, saying they make it easy for cash-strapped users to rack up debts that are tough to pay off.

“Eat now, pay later is an awful trap,” Douglas Boneparth, president of Bone Fide Wealth, an advisory firm focused on millennials, wrote on X last week. “If you need to borrow to have a burrito delivered to you, you are the product. Nothing more.”

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Energy Jumps to #2

A big move for the energy sector last week as XLE jumped to the #2 position in the ranking, coming from #6 the week before. This move came at the cost of the Consumer Staples sector which was pushed out of the top-5 and is now on #7.

Because of the jump of Energy, the Financials sector was pushed down to #3. Healthcare and Utilities remain in the top-5 but have switched positions.

The New Sector Lineup

  1. (1) Communication Services – (XLC)
  2. (6) Energy – (XLE)*
  3. (2) Financials – (XLF)*
  4. (5) Utilities – (XLU)*
  5. (4) Healthcare – (XLV)*
  6. (7) Industrials – (XLI)*
  7. (3) Consumer Staples – (XLP)*
  8. (8) Real-Estate – (XLRE)
  9. (9) Consumer Discretionary – (XLY)
  10. (10) Materials – (XLB)
  11. (11) Technology – (XLK)

Weekly RRG: XLF and XLC remain strong

On the weekly Relative Rotation Graph, Communication Services and Financials remain strong inside the leading quadrant. From the big cluster of tails inside the improving quadrant, XLE has jumped to the front of the queue (almost) while XLU and XLV continue to pick up nicely.

The long tail on XLY at a negative RRG-Heading rapidly continues to push the sector to the lagging quadrant. The Negative RRG-Heading on XLK keeps the sector at the bottom of the list.

Daily RRG: Modest Pickup of Relative Momentum for XLK and XLY

On the daily RRG:

  • XLE jumps to the highest RS-Ratio reading while maintaining the highest RS-Momentum.
  • Utilities stall inside the lagging quadrant
  • XLV rotates into weakening but remains at an elevated RS-Ratio reading
  • XLF rotates back into the leading quadrant, signaling the start of a new leg in the already established relative uptrend.

Communication Services

XLC held above the rising support line and closed towards the high of the week, suggesting that a new higher low is now getting into place.

Relative Strength continues to be strong, and RS-Momentum bottoms against 100-level.

Energy

The Energy sector rapidly improved, jumping from position #6 to #2 in one week. On the price chart, XLE is breaking its falling resistance, which opens the way for a further rally to the horizontal barrier near 98.

The raw RS-line is close to leaving its two-year-old falling channel, which would signal a significant shift in sentiment and a turnaround into a relative uptrend.

Financials

XLF remains a strong sector in position #3, with relative strength continuing to rise.

Last week’s rally on the price chart brought the price back to the old rising support line, which is now expected to start acting as resistance. The former support from the low near 5o is also expected to start acting as resistance.

This means that the upside potential in terms of price seems limited for now, but RS is still going strong.

Utilities

Relative strength for Utilities continues to creep higher, enough to keep the sector inside the top 5.

Both price and RS remain within the boundaries of their trading ranges.

Healthcare

RS for the Healthcare sector stalled at the level of the previous low. The RS-Ratio and RS-Momentum combinations on the daily and weekly Relative Rotation Graphs remain strong enough to keep the sector in the top 5.

Portfolio Performance Update

In the portfolio, the position in Consumer Staples (XLP) was closed against the opening price of Monday morning (3/24). At the same time, a new position was opened in Energy (XLE) against the opening price.

The rally in Consumer Discretionary and Technology at the end of last week has put a small dent in the performance,e and RRGv1 is now 1.4% behind SPY since the start of the year.

#StayAlert, -Julius