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Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) is pleased to announce that Mr James Perry has succeeded the retiring Mr. Jacques Vaillancourt as Chairman at the Company’s Annual General & Special Meeting (‘AGM’) held on November 26th, 2025.

Heliostar’s new Chairman Mr. James Perry commented, ‘I am excited to join Heliostar at this important inflection point. The Company has built a strong foundation through disciplined operations and strategic acquisitions, and I look forward to working closely with the experienced Board and management team as we advance the next phase of growth. Heliostar has the ingredients to become a leading gold producer in the Americas. I will draw on my experience to help steer the Company’s disciplined growth, reinforce strong governance practices, and create lasting value for our shareholders and host communities.’

Charles Funk, President and & CEO, stated – ‘I once again thank our retiring chair for his long service to Heliostar. I strongly welcome James as our new Chairman at a time of considerable growth. Having worked with James previously at Newcrest Mining, I know his ambition for our Company, his growth mindset and the high regard in which he is held across the industry. We are delighted to attract someone of his caliber as we continue advancing toward our goal of becoming a 500,000 ounce per year producer by the end of this decade.’

Mr. Perry is currently President of Sweetwater Royalties, one of the largest landowners in the United States, majority-owned by Orion Resource Partners following its acquisition of Sweetwater’s extensive land and mineral portfolio from Occidental Petroleum in 2020 for approximately US$1.3 billion. Sweetwater’s vast mineral position extends across more than 4.5 million mineral acres in Wyoming, Utah, Colorado, and Michigan, providing an expansive royalty platform spanning industrial minerals, base metals, and renewable-energy opportunities.

Mr. Perry has over 17 years of global mining and resources experience across Asia, Africa, and the Americas, spanning business development, corporate strategy and governance, legal and permitting, ESG, and operations. He spent a decade at Newcrest Mining – one of the world’s largest gold mining companies headquartered in Australia – serving as Business Development Manager and Corporate Counsel. Newcrest was acquired for approximately US$19 billion by Newmont Mining in 2023. Mr. Perry has extensive international experience managing large and complex transactions, including leading Newcrest’s entry into Ecuador and its investment in Lundin Gold’s world-class Fruta del Norte gold district. He possesses broad expertise in project evaluation and negotiation across diverse sectors and jurisdictions. He is a lawyer and holds an M.Sc. in History and International Relations from the London School of Economics.

Incentive plan issuance

Heliostar further announces that, pursuant to the Company’s Omnibus Equity Incentive Compensation Plan, it has granted 250,000 stock options (‘Options’) at an exercise price of $2.63 and 200,000 restricted share units (each, an ‘RSU’) to directors, officers and consultants of the Company. The Options are exercisable for a period of five years and will vest over the next three years. The RSUs will vest in three equal annual instalments commencing on the first anniversary of the grant date.

About Heliostar Metals Ltd.

Heliostar is a gold mining company with production from operating mines in Mexico. This includes the La Colorada Mine in Sonora and the San Agustin Mine in Durango. The Company also has a strong portfolio of development and exploration stage projects in Mexico and the USA. These include the Ana Paula project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur, all in Mexico and the Unga project in Alaska, USA.

For Additional Information Please Contact:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045

 

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 Statement Regarding Forward-Looking Information

This news release includes certain ‘Forward-Looking Statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and ‘forward-looking information’ under applicable Canadian securities laws. When used in this news release, the words ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘target’, ‘plan’, ‘forecast’, ‘may’, ‘would’, ‘could’, ‘schedule’ and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, the Company’s annual production goals.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption ‘Risk Factors’ in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276385

News Provided by Newsfile via QuoteMedia

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President Donald Trump delivered a stern ultimatum to Nicolás Maduro to leave Venezuela immediately before announcing the country’s airspace should be closed, according to a report.

Per the Miami Herald, Washington’s warning was delivered in a phone call with Caracas and offered guaranteed evacuation for Maduro, his wife Cilia Flores, and their son, but only if the dictator agreed to resign on the spot. 

The conversation stalled, U.S. officials said, and within hours Washington escalated dramatically. 

The ensuing impasse, a source told the outlet, was over Maduro asking for ‘global amnesty for any crimes he and his group had committed, and that was rejected.’ 

‘Second, they asked to retain control of the armed forces — similar to what happened in Nicaragua in ’91 with Violeta Chamorro. In return, they would allow free elections.’ 

The final issue was timing, according to the outlet, as Washington demanded that Maduro resign immediately – but Caracas refused.

Trump went on to announce Saturday that Venezuelan airspace would be considered ‘closed in its entirety.’ 

The Herald also reported that the Maduro government tried to schedule another call to Washington but received no response.

According to a defense expert familiar with the country’s military and state-linked cartel ties, Maduro and key players in his regime could now face their most serious threat yet.

‘I think the operations will start imminently,’ former Venezuelan diplomat Vanessa Neumann told Fox News Digital.

‘The clearing of the airspace is an indication and a very clear public warning that missiles might be coming to take out command and control infrastructure or retaliatory infrastructure,’ Neumann said. ‘This will not be like breaking a jar into a thousand pieces, this is where you can lift the concentration of power, and it’s easier to manage.’

‘The targets have been identified through covert operations over the last several years by people on the ground,’ she continued. ‘So they’re well-mapped. This is a capture-or-kill scenario, but there’s a limit to how many people you can remove quickly.’

On Sunday, Trump told reporters aboard Air Force One not to ‘read anything into’ his declaring Venezuela’s airspace closed when asked if a strike was imminent. 

‘Maduro also doesn’t have that many options, and his military is very weak,’ she warned. ‘You can’t go after 30 people simultaneously, who are spread all around, but certainly high on the list would be Maduro himself.’

Venezuela’s armed forces, once among Latin America’s strongest, have been weakened by years of corruption, sanctions, defections, and lack of maintenance. Much of its equipment, Neuman says, has never even been serviced.

‘Their material is extremely old, decayed, and has not been serviced,’ Neuman explained. 

‘They’ve got junk from the Russians. The stuff they originally had from the Americans is decades old and has not been serviced.

‘So, they have neither the personnel, foreign support, nor the material,’ she said.

Ahead of shuttering the airspace, the U.S. also officially designated the cartel allegedly linked with Venezuela’s government, the Cartel de los Soles, as a foreign terrorist organization.

‘This cartel turned Venezuela’s main oil company into a narcotics trafficking money laundering operation, using the company’s access to international finance, until it was sanctioned,’ Neuman, who has worked with governments on countering transnational organized crime linked to the group, explained.

‘They were using Venezuelan military jets to bring in cocaine from Colombia, process it in Venezuela, and then move it into Central America and then into Europe.

‘Jet pilots were making a lot of money off that, and they’ve tortured people. They target people, anybody who tell on them, they’re disappeared,’ Neuman said. ‘They’re now one of the prime drug trafficking networks into the United States and Europe, and use their military positions, including their military-to-military relations, to grow and accelerate those movements.’

In fact, in September, the European Parliament also voted in favor of the EU designating Cartel de los Soles as a terrorist organization.

‘The Cartel de Los Soles is also a key collaborator and financier of Hezbollah and some of the drug money has been used to fund terrorist attacks that have killed American citizens, even in the Middle East,’ added Neuman, CEO of Asymmetrica Group, which specializes in defense cooperation.

The U.S. has also ramped up a military and intelligence campaign targeting drug-trafficking networks linked to Venezuela, including strikes on suspected narcotics boats.

‘The decision is President Trump’s because when he says, ‘Go’, we go. And nobody knows when he’ll say that,’ Neuman said. ‘He has mobilized so many assets down there now. But what President Trump is doing now is long overdue.’

‘The timing is right now,’ she added. ‘Because even Maduro’s biggest backers, Russia and Iran, are both on the back foot, and China will not go that far in backing Maduro as it has bigger and broader interests throughout the region.’

She also noted that ‘Maduro is also weakened because his partners are weakened and have their own issues to deal with,’ and that ‘we also now have a concentration of power and deep repression within the country that’s quite unified, which means it’s easy to flip.’

Neuman identified others in the regime who may be targeted, including Vice President Delcy Rodríguez, Diosdado Cabello, Minister of Interior, Justice and Peace and Alexander Granko Arteaga, head of Venezuela’s counter-intelligence agency, the DGCIM.

‘One of the reasons Granko is an important figure is that he’s one of the reasons why they haven’t capitulated and why there has not been a military uprising,’ Neuman explained.

‘It’s because of the brutality of the counter-intelligence that they do to their own military, and hundreds of soldiers are tortured. That said, the Venezuelan people have made it clear that they wanted Maduro out and fought democratically but lost,’ she added.

‘They voted in elections, protested peacefully, lobbied for sanctions, and lobbied for international support,’ Neuman said.

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Official peace talks between the U.S. and Ukraine on ending the Ukraine war moved to a productive phase Sunday – but only after President Zelenskyy sent a new-look team to Florida, according to a former Ukrainian government official.

With Rustem Umerov now leading Zelenskyy’s team and longtime adviser and chief of staff Andriy Yermak out, the source claimed the move signaled Kyiv was reassessing its ‘uncompromising’ stance.

The official, who spoke to Fox News Digital on condition of anonymity, said the personnel choice represented a move away from the approach that has shaped Ukraine’s diplomatic strategy for years.

‘Yermak had been teaching Zelenskyy to be a ‘Father of the Nation’ and until now, the Ukrainian side has been pushing for an unachievable and uncompromising position,’ the former official said.

‘Umerov is not a very impressively strong individual in politics, but he wants to achieve results and is known to be aligned with compromise.’

Ukraine’s new delegation also included Andrii Hnatov, head of the armed forces; Andrii Sybiha, the foreign minister; and Umerov, who is head of the country’s security council.

After the meeting, Umerov offered a brief assessment to reporters, saying: ‘We are grateful to American people, American leadership and a great team with, state secretary, Steve, with both Jared Kushner for their tremendous work with us,’ he said.

‘Our objective is a prosperous, strong Ukraine. We will [be] discussing [sic] the future of Ukraine. We discussed all the important matters that are important for Ukraine, for Ukrainian people. And the U.S was super supportive.’

We already had a successful meeting in Geneva, and today we can continue this success. So at the moment, this meeting was productive and successful in the later stages.’

The new team traveled to Florida for discussions aimed at refining President Trump’s proposed framework and his push to end Russia’s war against Ukraine.

Sunday’s negotiations also took place after a leak published by Bloomberg News, revealed a transcript of an Oct. 14 call where special envoy Steve Witkoff allegedly offered advice to Russian officials on how to sell a peace plan to Trump.

‘The Ukrainian side had in some way undermined peace negotiations and Donald Trump’s efforts, not mentioning that it prolongs the war,’ the former official said.

The same former official said the shift in Kyiv’s delegation followed the dramatic resignation of Yermak, after anti-corruption investigators raided his home on Friday.

‘Yermak was deeply distrusted by many actors, including Western actors including the U.S. administration and including Biden’s administration,’ the source added.

Despite his exit, the official warned that Yermak’s influence may still be shaping the Ukrainian team.

‘Mr. Yermak is still there and, in fact, all the delegation that came to Florida includes Mr. Yermak’s people, his loyal people, very close personally to him –  people who [have] been serving him faithfully for years.’

‘Yermak has not disappeared and might be on the telephone or online and ruling the agenda behind the scenes,’ they added.

They said Yermak’s long-standing governing style still influences Kyiv’s political posture:

‘In Ukraine, as in many post-Soviet countries, there is still the so-called ‘telephone rule’, when a powerful person can influence the outcome of any formal decision-making despite lacking formal powers and in contradiction with the law.’

‘Yermak has been doing this for the last six and a half years,’ the source added.

Secretary of State Marco Rubio, Witkoff, and senior advisor Jared Kushner led the American side in Sunday’s session.

Rubio told reporters after the meeting: ‘We had another very productive session. Building off Geneva, building off the events of this week,’ he said.

‘As I told you earlier this morning, our goal here is to end the war,’ he continued. ‘But it’s more than just to end the war. We don’t just want to end the war. We also want to help Ukraine be safe forever. So never again will they face another invasion. And equally importantly, we want them to enter an age of true prosperity.’

Trump told reporters aboard Air Force One on Sunday that he had spoken to Rubio and Witkoff and that they were ‘doing well.’

‘Ukraine’s got some difficult little problems,’ Trump said. ‘They have some difficult problems. But I think Russia would like to see it end and I think Ukraine… I know Ukraine would like to see it end.’

He also said he thinks there is ‘a good chance we can make a deal.’

In a post shared on X, Zelenskyy highlighted Umerov’s work in Florida as the head of the Ukrainian delegation.

‘Today, following the work of the teams in the United States, head of the Ukrainian delegation Rustem Umerov reported on the main parameters of the dialogue, its emphases, and some preliminary results,’ he said.

‘It is important that the talks have a constructive dynamic and that all issues were discussed openly and with a clear focus on ensuring Ukraine’s sovereignty and national interests. I am grateful to the United States, to President Trump’s team, and to the President personally for the time that is being invested so intensively in defining the steps to end the war. We will continue working. I look forward to receiving a full report from our team during a personal meeting.’

Sunday’s talks came just hours after another deadly Russian strike on Kyiv killed at least one person and wounded 19, including four children, Euronews reported.

Since Russia’s full-scale invasion in 2022, the war has left huge areas of Ukraine devastated and roughly 20% of its territory under occupation.

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Steve Witkoff, the U.S. special envoy to the Middle East, will travel to Moscow on Monday, a U.S. official tells Fox News.

The trip comes as peace talks between Ukraine and Russia show signs of progress, with the White House pushing a peace plan to end the nearly four-year-long war.

On Sunday, Witkoff — a central figure in negotiating the ceasefire between Israel and Hamas — joined Secretary of State Marco Rubio and senior advisor Jared Kushner in Florida to meet with Ukrainian negotiators. 

Rubio described the meeting as ‘very productive.’ In a statement, Rubio said that the end goal is ‘not just the end of the war.’

‘Obviously, that’s essential and fundamental. We want to see the end of the killing and the death and the suffering, and I’m sure the Ukrainian side, I know they do as well,’ Rubio said. 

‘They want peace. But it’s also about securing an end to the war that leaves Ukraine sovereign and independent and with an opportunity at real prosperity.’

Last week, Russia’s Foreign Minister Sergey Lavrov said Moscow could reject the White House’s peace deal framework if it does not uphold the ‘spirit and letter’ of what President Donald Trump and Russian President Vladimir Putin agreed to at the Alaska summit in August.

He warned that if the terms of the ‘key understandings’ are ‘extinguished’ then the situation would become ‘fundamentally different.’

Despite Lavrov’s comments, Putin showed interest in Trump’s plans to end the war on Thursday, calling the drafted plans a starting point.

‘We need to sit down and discuss this seriously,’ Putin told reporters, according to The Associated Press.

Trump’s plan as ‘a set of issues put forward for discussion’ rather than a draft agreement.

‘Every word matters,’ Putin added.

Fox News Digital’s Sarah Tobianski, Kyle Schmidbauer and Ashley Carnahan contributed to this report.

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President Donald Trump defended calling Venezuela’s airspace closed, saying the country is sending criminals into the U.S., but told reporters not to ‘read anything into it’ when asked whether the warning suggested an imminent strike.

While speaking to reporters aboard Air Force One on Sunday, Trump said Venezuela is ‘not a very friendly country’ and claimed it has sent criminals, gang members and drug traffickers into the U.S.

On Saturday, Trump told airlines, pilots, drug dealers and human traffickers to ‘consider THE AIRSPACE ABOVE AND SURROUNDING VENEZUELA TO BE CLOSED IN ITS ENTIRETY.’

When asked Sunday if the warning meant an airstrike is imminent, Trump said: ‘Don’t read anything into it.’

Trump also confirmed a report from the New York Times that he spoke on the phone with President Nicolás Maduro, though he offered no details about the conversation.

‘I wouldn’t say it went well or badly,’ he said. ‘It was a phone call.’

The president’s comments come amid rising tensions between the U.S. and Venezuela over Venezuela’s failure to stop drug traffickers from sending narcotics into the U.S.

Since September, the Trump administration has conducted over 20 strikes against alleged drug boats in Latin American waters and beefed up its military presence in the Caribbean as part of Trump’s effort to crack down on the flow of drugs into the U.S.

The strikes have brought the total number of suspected narco-terrorists eliminated to over 82, with three survivors.

But as the U.S. continues to bolster forces in the waters off Venezuela, Maduro has called for peace but also remained defiant against what he called ‘imperialist aggression.’

Maduro delivered an address in Caracas last week while brandishing a sword and warning supporters to prepare for confrontation, saying the U.S. will ‘very soon’ begin stopping suspected Venezuelan drug traffickers on land.

He appeared at a mass rally in the capital holding the sword of Simón Bolívar, the 19th-century independence leader regarded as the liberator of much of South America. Maduro told supporters the country was facing a decisive moment.

The Associated Press reported that he said, ‘For anyone, whether civilian, politician, military, or police –  Let no one make excuses. Failure is not an option. The homeland demands it! Our greatest effort and sacrifice. And with (Simón) Bolívar, I come to say that if the homeland demands it, the homeland will have our lives, if necessary,’ he declared while raising Bolívar’s sword.

Maduro framed the situation as a struggle against what he described as external threats, urging Venezuelans to mobilize against any foreign aggression.

Fox News Digital’s Diana Stancy and Efrat Lachter contributed to this report.

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President Donald Trump on Sunday defended Secretary of War Pete Hegseth over allegations he ordered a second strike on a Venezuelan drug boat, saying he believes Hegseth’s denial and would not have supported a follow-up attack if it happened.

The exchange came during a gaggle aboard Air Force One as reporters pressed Trump on claims that Hegseth authorized a second strike that allegedly killed two wounded men after an earlier attack on a suspected drug-smuggling vessel.

Trump repeatedly said Hegseth denied giving such an order. He added that he was aware of the allegation but stressed that Hegseth told him the claim was untrue and that he accepted that explanation without hesitation.

‘He said he did not say that, and I believe him 100%,’ Trump said.

Reporters asked Trump whether he would have approved a second strike if Hegseth had ordered one, prompting him to again distance himself from the allegation while stressing that he trusted his secretary of war.

Trump said he planned to seek additional information about the reported incident but reiterated that Hegseth assured him nothing improper happened.

‘No, I wouldn’t have wanted that. Not a second strike,’ Trump said.

Still, he praised the wider campaign targeting drug-smuggling boats, saying the strikes had sharply reduced the flow of narcotics into the U.S. by sea in recent months.

Trump argued the vessels posed a deadly threat and framed the operations as necessary to protect Americans, calling the missions lethal but justified.

‘You can see the boats,’ he said. ‘You can see the drugs in the boats and each boat is responsible for killing 25,000 Americans.’

Trump went to Hegseth’s defense after reports from outlets such as The Washington Post and CNN claimed the U.S. military ordered a second strike on a suspected drug vessel in the Caribbean on Sept. 2 after the earlier attack left two survivors.

According to The Washington Post, the commander overseeing that operation told colleagues on a secure conference call that the survivors were legitimate targets because they could still contact other traffickers for help and ordered the second strike to comply with what he said was a directive from Hegseth that everyone must be killed.

‘As usual, the fake news is delivering more fabricated, inflammatory and derogatory reporting to discredit our incredible warriors fighting to protect the homeland,’ Hegseth wrote on X on Friday.

‘As we’ve said from the beginning and in every statement, these highly effective strikes are specifically intended to be ‘lethal, kinetic strikes,’’ Hegseth continued. ‘The declared intent is to stop lethal drugs, destroy narco-boats and kill the narco-terrorists who are poisoning the American people. Every trafficker we kill is affiliated with a Designated Terrorist Organization.’

Fox News Digital’s Greg Norman and Alexandra Koch contributed to this report.

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Fulton County District Attorney Fani Willis, an elected Democrat, is a disgrace to her office and the legal profession. She to bring down President Trump with a politically motivated indictment, but her vendetta came crashing to a pitiful end on Wednesday. Now, it is time for Willis to face maximum legal accountability.

Trump vigorously objected to the results of the 2020 presidential election in several states and during the Congressional certification process. He offered no bribes and made no threats of violence; indeed, he urged his supporters to march ‘peacefully’ to the Capitol on January 6, 2021, the day of the certification. Yet, Willis—a leftist hack—secured an indictment against Trump and many of his allies with an overwhelming Democrat grand jury in Atlanta. These included Trump’s loyal White House chief of staff Mark Meadows; Jeff Clark, an exceptional former top Justice Department official who is facing a disgraceful disbarment effort by the District of Columbia Bar; and former New York City Mayor Rudy Giuliani, America’s greatest mayor who served as one of President Trump’s attorneys. Willis alleged a vast RICO conspiracy that could have landed President Trump and his supporters in prison for decades.

Willis had ethical issues even before her indictment. Lt. Gov. Burt Jones was one of her targets, but she never got the chance to persecute him. Fulton County Superior Court Judge Robert McBurney disqualified Willis because she had fundraised for Jones’ Democrat opponent. This disqualification was an easy call; indeed, McBurney expressed incredulity as to what Willis possibly could have been thinking. Pete Skandalakis, head of the Prosecuting Attorneys’ Council of Georgia (PACGA), took over the case and dismissed it after determining that Jones had not acted with criminal intent. This shameful episode would not be Willis’s most shocking lapse in judgment during this fiasco.

Willis hired her secret (and married) boyfriend Nathan Wade, who had never tried a felony case. He had been a lawyer in private practice and a municipal court judge. Somehow, he found his way onto Willis’s team, raking in $250 an hour from Fulton County taxpayers. He billed eight-hour days constantly, and he even billed 24 hours on one occasion. He wound up taking home almost $700,000. He made far more money than John Floyd, Georgia’s preeminent expert on the RICO statute. The mystery of Wade’s involvement was solved thanks to Ashleigh Merchant, an excellent attorney who represented one of Trump’s co-defendants and American patriotic warrior Mike Roman.  Merchant alleged that Willis and Wade had been having an affair and filed a motion for their disqualification.

Leftist legal analysts like the insufferable Norm Eisen scoffed at Merchant when she filed her motion. The prosecution even sought sanctions. Superior Court Judge Scott McAfee did not issue sanctions; instead, he held an evidentiary hearing. The hearing was a national disgrace. Willis could not control her rage, and McAfee had to caution her to stop her antics. The proceedings degenerated into an episode of Jerry Springer, and the salacious details of the affair were broadcast for the nation to see. Wade paid for lavish trips to the Caribbean and other luxurious places. Willis claimed that she had reimbursed Wade with cash that she kept in her house at the direction of her father, a prominent Black Panther. There are no records of any of these purported reimbursements. Willis also claimed the affair had nothing to do with the indictment, testifying that it only started after Wade’s appointment.

McAfee used the phrase ‘odor of mendacity’ to describe the testimony of Willis and Wade. He sadly split the baby, ruling that one of them would be disqualified. Wade resigned that day, meaning that Willis could stay on the case. President Trump and most codefendants appealed the decision not to disqualify Willis, and an appellate court agreed with the defendants. Willis sought review by the Georgia Supreme Court, but the justices rebuffed her earlier this year. The case was then reassigned to PACGA. Skandalakis could not find a prosecutor to take it over, so he assigned it to himself. The day before Thanksgiving, McAfee granted Skandalakis’ motion to dismiss the case in its entirety. Willis secured a few plea deals to misdemeanor charges, a pathetic result given the fanfare that the indictment initially received. Willis promised that ‘[t]he train is coming,’ but her staggering corruption, arrogance, and incompetence derailed the train.

Willis’s sham indictment devastated many lives. People with not nearly the resources of Trump faced indictment and had to shell out massive amounts to pay lawyers. They had their lives destroyed. The dismissal cannot be the last word here, and Trump’s attorney, the brilliant Steve Sadow, has made that clear. He will move for attorney’s fees and costs under Georgia Code § 17-11-6. Such fees are proper because Willis was disqualified for improper conduct, and the case was fully dismissed. Every other defendant should join Sadow’s motion. Additionally, Willis and Wade must face severe criminal accountability by the U.S. Justice Department for a conspiracy against rights under 18 U.S.C. § 241. Wade visited the Biden White House, billing 16 hours of his time to the taxpayers of Fulton County. What happened here is obvious. Willis and Wade were coordinating their farcical prosecution with Team Biden. It could not have been for any other reason, as Wade was hired as a special counsel just for this case. If Wade were billing his time to Fulton County taxpayers for his Biden White House meeting for an unrelated matter to the Trump case, Wade committed fraud. Willis hired her lover, who kicked back some of his unearned salary to finance lavish trips for himself and Willis. The U.S. Justice Department has subpoenaed records from Willis, and a grand jury must promptly investigate and indict these corrupt public (dis-)servants.

President Trump objected to an election he thought had been stolen. Democrats did the same in 1969, 2001, 2005, and 2017—yet, none faced indictment. Such objections are allowed under the First Amendment and the Electoral Count Act. It is only illegal to object to elections in third-world Marxist hellholes. Willis and Wade were neck-deep in the Republic-ending lawfare conspiracy against Trump that tore apart our nation. They failed, but they cannot walk away from their despicable actions. Justice must come their way swiftly and severely. They could not wait to post President Trump’s mugshot, and the time has come for theirs.

Lawyer up, Fani. Justice is coming. Nobody is above the law.

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The Trump administration harshly criticized the United Kingdom over its handling of mass immigration and the long-running rape gang scandal that has victimized white girls across the country.

In a statement posted to X, the U.S. State Department called on its Europe-based diplomats to track the effects of rampant immigration. While the statement zeroed in on the U.K., it also highlighted similar problems in Germany and Sweden.

‘The State Department instructed U.S. embassies to report on the human rights implications and public safety impacts of mass migration,’ the statement read. ‘Officials will also report policies that punish citizens who object to continued mass migration and document crimes and human rights abuses committed by people of a migration background.’

The statement referenced the so-called ‘grooming gangs’ made up of mostly Pakistani men who have victimized young girls for decades, with little action taken by the government.

‘In the United Kingdom, thousands of girls have been victimized in Rotherham, Oxford, and Newcastle by grooming gangs involving migrant men,’ the State Department said. ‘Many girls were left to suffer unspeakable abuse for years before authorities stepped in.’

A day after the statement, GB News reported that U.K. Prime Minister Keir Starmer told reporters at the G20 in South Africa that the national inquiry would ‘leave no stone unturned.’

The State Department’s warning comes weeks after several victims — who were members of the independent inquiry — resigned over what they claimed was a continuation of a cover-up. 

One abuse survivor, Ellie Reynolds, told cable channel GMB that the existence of grooming gangs has been ‘brushed under the carpet’ and that ‘our voices have been silenced.’

She was supported by fellow survivor Fiona Goddard, who was groomed from the age of 14, and said that when she spoke out for help she was dismissed as a ‘child prostitute’ by authorities.

Goddard resigned to protest the cover-up, saying members of the grooming gangs near Bradford were in the ‘vast majority … Pakistani men.’

Successive governments — both Conservative and Labour — have been dealing with the revelations for years that a number of grooming gangs, often consisting mostly of men of South Asian or Pakistani heritage, have sexually exploited girls for decades across the north of England.

Prior to the inquiry, Starmer had commissioned a national audit led by Baroness Louise Casey earlier this year. 

On the hot-button issue of the backgrounds of the criminals, the Casey report stated in part, ‘We found that the ethnicity of perpetrators is shied away from and is still not recorded for two-thirds of perpetrators, so we are unable to provide any accurate assessment from the nationally collected data.’

It continued: ‘Despite the lack of a full picture in the national data sets, there is enough evidence available in local police data in three police force areas which we examined which show disproportionate numbers of men from Asian ethnic backgrounds amongst suspects for group-based child sexual exploitation, as well as in the significant number of perpetrators of Asian ethnicity identified in local reviews and high-profile child sexual exploitation prosecutions across the country, to at least warrant further examination.’

Her audit also identified other perpetrators, including White British, European, African or Middle Eastern individuals.

The results of the audit produced 12 recommendations to the government, which have been implemented, including a national inquiry to ‘direct local investigations and hold institutions to account for past failures.’ 

But the Starmer government has been set back by a failure to appoint a chair for the inquiry, and it has faced resignations as critics have accused the Labour government of covering it up for political reasons.

Alan Mendoza, founder of the Henry Jackson Society, told Fox News Digital that ‘successive governments’ have allowed ‘gangs of largely South Asian Muslims to target white British girls, claiming, ‘the Labour government doesn’t want to be seen as stigmatizing demographics or potentially losing votes.’

‘I hope that the inquiry will focus more specifically on the real issue plaguing the U.K. over the last 20 years,’ Mendoza added.

The point person for the government’s inquiry is Labour member of Parliament Jess Phillips, who has served as the parliamentary undersecretary of state for Safeguarding and Violence Against Women and Girls since July 2024.

However, Phillips is facing heavy scrutiny over how she’s handling the set-up of the inquiry.

Asked in Parliament about the nature of the inquiry and whether it will address the perpetrators’ ethnicity, she vowed to be transparent.

‘There is absolutely no sense that ethnicity will be buried away,’ Phillips said. ‘Every single time that there is an apparently needless delay — even though it took seven months to put in place chairs for both the COVID inquiry and the blood inquiry, and nobody moaned about that — it gets used to say that we want to cover something up. That is the misinformation I am talking about. It will not cover things up. We are taking time to ensure that that can never happen.’

Elon Musk weighed in on the matter in a series of X statements earlier this year, stating that Phillips, was a ‘rape genocide apologist’ and the world was witnessing ‘the worst mass crime against the people of Britain ever.’ 

Philips told the BBC that his comments were ‘disinformation’ and ‘endangering’ her, but said it was nothing compared to what the victims of the abuse had faced. 

Commentators say the challenge for the government now is to find those credible and willing to bring justice and lasting change so it won’t happen again.

Fox News Digital reached out to Phillips’ office but received no response.
 

This post appeared first on FOX NEWS

Like its sister metal gold, silver has been attracting renewed attention as a safe-haven asset.

Although silver continues to exhibit its hallmark volatility, a silver bull market is well underway in 2025.

Experts are optimistic about the future, and as the silver price’s momentum continues in 2025, investors are looking for price forecasts and asking, “What was the highest price for silver?”

The answer reveals how much potential there is for the silver price to rise.

Read on for a look at silver’s historical moves, its new all-time high price and what they could mean for both the price of silver today and the white metal’s price in the future.

In this article

    How is silver traded?

    Before discovering what the highest silver price was, it’s worth looking at how the precious metal is traded. Knowing the mechanics can be useful in understanding why and how its price changes on a day-to-day basis and beyond.

    Put simply, silver bullion is traded in dollars and cents per ounce, with market activity taking place worldwide at all hours, resulting in a live silver price. Key commodities markets like New York, London and Hong Kong are just a few locations where investors trade the metal. London is seen as the center of physical silver trade, while the COMEX division of the New York Mercantile Exchange, called the NYMEX, is where most paper trading is done.

    There are two popular ways to invest in silver. The first is through purchasing silver bullion products such as bullion bars, bullion coins and silver rounds. Physical silver is sold on the spot market, meaning that to invest in silver this way, buyers pay a specific price for the metal — the silver price per ounce — and then have it delivered immediately.

    The second is accomplished through paper trading, which is done via the silver futures market, with participants entering into futures contracts for the delivery of silver at an agreed-upon price and time. In such contracts, two positions can be taken: a long position to accept delivery of the metal or a short position to provide delivery.

    Paper trading might sound like a strange way to get silver exposure, but it can provide investors with flexibility that they wouldn’t get from buying and selling bullion. The most obvious advantage is perhaps the fact that trading in the paper market means silver investors can benefit long term from holding silver without needing to store it. Furthermore, futures trading can offer more financial leverage in that it requires less capital than trading in the physical market.

    Market participants can also invest in silver through exchange-traded funds (ETFs). Investing in a silver ETF is similar to trading a stock on an exchange, and there are several silver ETFs to choose from. Some ETFs focus on physical silver bullion, while others focus on silver futures contracts. Still others focus on silver stocks or follow the live silver price.

    What is silver’s all-time high price?

    The silver all-time high was US$56.86, which it set on November 28, 2025.

    However, until October 9 of this year, the white metal’s all-time high had been the same for 45 years — silver’s former all-time high was US$49.95, and it was set on January 17, 1980.

    It’s worth unpacking what happened, because price didn’t exactly reach that level by honest means.

    As Britannica explains, two wealthy traders called the Hunt brothers attempted to corner the market by buying not only physical silver, but also silver futures — they took delivery of those silver futures contracts instead of taking legal tender in the form cash settlements. Their exploits ultimately ended in disaster: On March 27, 1980, they missed a margin call and the silver market price plunged to US$10.80. This day is infamously known as Silver Thursday.

    That record silver price wouldn’t be tested again until April 2011, when it reached US$47.94. This was more than triple the 2009 average silver price of US$14.67, with the price uptick coming on the back of very strong investment demand.

    So what happens next? While silver has officially broken its 1980 peak, it is still well below that price point adjusted for inflation. It remains to be seen just how high silver can go.

    Silver’s price history since 2011

    Silver price chart, November 10, 2010, to November 10, 2025.

    Chart via SilverPrice.org.

    After its 2011 peak, silver’s price pulled back over the following years before settling between US$15 and US$20 for much of the second half of last decade. An upward trend in the silver price started in mid-2020, when it was spurred on by the economic uncertainty surrounding the COVID-19 pandemic. The price of silver breached the key US$26 level in early August 2020, and soon after tested US$30. However, it failed to make substantial progress past that.

    In the spring of 2023, the silver price surged by 30 percent, briefly rising above US$26 in early May; however, the precious metal cratered back down to US$20.90 in early October. Later that month, silver advanced toward the US$23 level on the back of safe-haven demand due to the outbreak of the Israel-Hamas war.

    Following remarks from US Federal Reserve Chair Jerome Powell, speculation about interest rate reductions sent the price of silver to US$25.48 on November 30, its highest point for the fourth quarter.

    After starting 2024 on a low note, the white metal saw gains in March on rising Fed rate cut expectations. The resulting upward momentum led silver to reach a Q1 high of US$25.62 on March 20 before breaking through the US$30 mark on May 17. The silver price reached a then 12 year high of US$32.33 on May 20.

    In Q3, the metal’s price slid down below the US$27 mark to as low as US$26.64 by August 7 alongside its industrial cousin copper. Heading into Q4 2024, silver reversed course to the upside, tracking the record breaking moves in the gold price. Silver once again breached the US$30 level on September 13 and continued higher.

    On October 21, the silver price moved as high as US$34.20 during the trading day, up more than 48 percent since the start of the year and its highest level in 12 years. However, silver spent the rest of the year in decline, bottoming out at US$28.94 on December 30.

    Silver’s price performance in 2025

    Silver price chart, December 31, 2024, to November 28, 2025.

    The silver price experienced a momentum shift at the start of 2025, breaking through the US$30 barrier as early as January 5, and reaching US$31.31 by January 29. The metal continued to post gains through much of February and March, climbing to US$32.94 on February 20 and then peaking at its quarterly high of US$34.21 on March 28.

    Following US President Donald Trump’s tariff announcements on April 2, silver slumped to below US$30. While the Trump administration’s tariff policies have been largely beneficial for safe-haven assets like precious metals, there were concerns that the threat of tariffs could weaken industrial demand, which could cool price gains in the silver market.

    Yet those concerns were pushed to the back burner as recent economic and geopolitical events have raised analysts’ expectations of a September rate cut by the Fed. The benchmark rate has not changed since November 2024.

    On June 5, the silver price rose to a 13 year high of US$36.05 in early morning trading, before retreating toward the US$35.50 mark. By June 16, the white metal had broken through the US$37 mark for the first time since May 2011.

    In July, increasing geopolitical strife in the Middle East and Russia-Ukraine coupled with a positive outlook for China’s solar power industry proved price positive for both silver’s precious metals and industrial angles.

    The silver price overtook the US$39 level to reach US$39.24 on July 22.

    These same forces, coupled with the nearly unanimous rate cut expectations, launched the price of silver to over US$40 on August 31 for the first time since 2011, and by September 3 it had climbed as high as US$41.45. Silver continued climbing through September, progressively breaking level after level to top US$47 by the month’s end.

    Silver started Q4 by continuing its ascent, breaking through its 2011 peak and topping US$48 on October 3.

    The silver price officially surpassed its all-time US dollar high of US$49.95 — set in 1980 on October 9 — as it climbed to US$51.14 during trading that day. The white metal had already beaten its all-time highs in most currencies, including Canadian dollars and Australian dollars, on September 22.

    It continued climbing even higher on the safe-haven demand fundamentals behind its 2025 momentum. Helping drive that demand in October was escalating trade tensions between the US and China, leading to export controls on additional rare earth metals by China and threats of 100 percent tariffs on Chinese imports by the US.

    While silver pulled back to around US$48 in late October, news that the US government shut down had come to an end on November 9 drove the silver price back above US$50.

    Silver’s foray above the US$56 level on November 28 came on the back of an outage at the Comex, where trading was briefly halted due to a ‘cooling issue’ at a CyrusOne data center used by the exchange.

    Silver supply and demand dynamics

    Market watchers are curious as to whether the silver price will continue its upward trajectory in 2025. Only time will tell, and it will depend on the white metal’s ability to remain above the critical US$30 level.

    Like other metals, the silver spot price is most heavily influenced by supply and demand dynamics. However, as the information above illustrates, the silver price can be highly volatile. That’s partially due to the fact that the metal is subject to both investment and industrial metal demand within global markets.

    In other words, it’s bought by investors who want it as a store of wealth, as well as by manufacturers looking to use it for different applications that are incredibly varied. For example, silver has diverse technological applications and is used in devices like batteries and catalysts, but it’s also used in medicine and in the automotive industry.

    In terms of supply, the world’s three top producers of the metal are Mexico, China and Peru. Even in those countries silver is usually a by-product — for instance, a mine producing primarily gold or lead might also have silver output.

    The Silver Institute’s latest World Silver Survey, put together by Metals Focus, outlines a 0.9 percent increase in global mine production to 819.7 million ounces in 2024. This was in partly the result of a return to operations at Newmont’s (TSX:NGT,NYSE:NEM,ASX:NEM) Peñasquito mine in Mexico following a suspension of activity brought about by strike action among workers and improved recoveries out of Fresnillo (LSE:FRES,OTC Pink:FNLPF) and MAG Silver’s (TSX:MAG,NYSEAMERICAN:MAG) Juanicipio. Silver output also increased in Australia, Bolivia and the US.

    The firm is forecasting a 1.9 percent rise in global silver mine production to 823 million ounces in 2025. Much of that growth is expected to come out of Mexico, and it is also projecting output will rise in Chile and Russia.

    Lower production from Australia and Peru will offset some of these gains.

    Looking at demand, Metals Focus sees growth in 2025 flatlining as industrial fabrication takes a hit from the global tariff war. This could be tempered by an anticipated rebound in demand from physical investment in silver bars and coins.

    The silver market is expected to experience a substantial deficit of 117.6 million ounces in 2025, amounting to the sixth straight year of supply shortage for the metal.

    Is the silver price manipulated?

    As a final note on silver, it’s important for investors to be aware that manipulation of prices is a major issue in the space.

    For instance, in 2015, 10 banks were hit in a US probe on precious metals manipulation. Evidence provided by Deutsche Bank (NYSE:DB) showed “smoking gun” proof that UBS Group (NYSE:UBS), HSBC Holdings (NYSE:HSBC), the The Bank of Nova Scotia (TSX:BNS) and other firms were involved in rigging silver rates from 2007 to 2013. In May 2023, a silver manipulation lawsuit filed in 2014 against HSBC and the Bank of Nova Scotia was dismissed by a US court.

    JPMorgan Chase & Co. (NYSE:JPM) has been long at the center of silver manipulation claims as well. For years the firm has been in and out of court for the accusations. In 2020, JPMorgan agreed to pay US$920 million to resolve federal agency probes regarding the manipulation of multiple markets, including precious metals.

    In 2014, the London Silver Market Fixing stopped administering the London silver fix, which had been used for over a century to fix the price of silver. It was replaced by the LBMA Silver Price, which is run by ICE Benchmark Administration, in a bid to increase market transparency.

    Market watchers like Ed Steer have said that the days of silver manipulation are numbered, and that the market will see a significant shift when the time finally comes.

    Investor takeaway

    Silver has neared US$50 multiple times, including its all-time high, and as momentum continues for the silver price in 2025 investors are wondering if it could reach those heights once again.

    While it’s impossible to know for sure what’s next for silver, keeping an eye on the factors driving its performance, including gold’s performance, geopolitics, the economy and industrial demand, will help investors make decisions on when to buy and sell.

    Securities Disclosure: I, Melissa Pistilli, currently hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    French nuclear group Orano said that it “strongly condemns” the removal of uranium from the SOMAÏR mine in northern Niger.

    The company called the transfer illegal and a direct breach of the International Centre for Settlement of Investment Disputes’ (ICSID) September ruling, which prohibits the material from being sold or moved without the company’s consent.

    Orano said it learned of the shipment only after media reports disclosed that uranium had been taken from the Arlit-based facility, which has been under the control of Niger’s military government since late 2024.

    The company went on to explain “ (it) is not the initiator of this shipment,” adding that it has no official information on the quantity removed, the shipment’s destination, or the conditions of its transport.

    The incident deepens an already severe standoff that has been building for more than a year, following the military junta’s decision in December 2024 to block Orano from operating the mine despite the company’s majority stake.

    At the time, Orano publicly confirmed it had lost operational control, noting that board-approved directives were no longer being carried out and that authorities were preventing the suspension of production expenses.

    The situation escalated further in June 2025, when Niger announced it would nationalize SOMAÏR outright.

    The government accused Orano—a firm it described as “owned by the French state—a state openly hostile toward Niger since July 26, 2023” — of “irresponsible, illegal, and unfair behaviour.”

    Authorities said the mining agreement had expired in December 2023 and argued that nationalization was an assertion of “full sovereignty.” Orano, which held a 63 percent stake in the venture, declined to comment at the time but continued to pursue arbitration and legal action.

    The dispute produced a ruling favorable to Orano in September. The ICSID tribunal ordered Niger “not to sell, transfer, or even facilitate the transfer to third parties of uranium produced by SOMAÏR” that was being held in violation of Orano’s rights.

    That decision has now become central to the new controversy, with the latest shipment appearing to defy the tribunal’s directive.

    Orano said the uranium transfer constitutes a “breach” of the ruling and warned it is prepared to take further steps in response. The company said it reserves the right to take any additional action necessary, including criminal proceedings against third parties, should the material be taken in violation of its offtake entitlement.

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

    This post appeared first on investingnews.com