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CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (‘CoTec’) and Mkango Resources Ltd. (AIM:MKA)(TSXV:MKA) (‘Mkango’) are pleased to announce HyProMag USA, LLC, a Delaware corporation (‘HyProMag USA’ or the ‘Project’) has received a Make More in America (MMIA) domestic finance letter of interest (‘LOI’) from the U.S. Export-Import (‘EXIM’) Bank for its first integrated rare earth recycling and magnet making facility in Dallas-Fort Worth, Texas.

In terms of the letter, EXIM may be able to consider potential financing of up to $92 million of the project’s costs with a repayment tenor of 10 years.

Julian Treger, CoTec CEO commented:We are very pleased with EXIM’s interest in the Project. The Project is strongly aligned with EXIM’s ‘Make More in America’ initiative, which provides beneficial financing terms for U.S. companies facing oversees competition to ensure the United States reshores certain critical export areas, including the domestic manufacturing of permanent NdFeB magnets. We believe that the Project could be a major contributor to the United States’ targeted permanent magnet independence and the speed at which HyProMag USA’s capabilities could be deployed distinguishes the Project from potential competitors.

Will Dawes, Mkango CEO commented: ‘The HyProMag USA development will be transformational for rare earth supply chains in the United States, and we are very pleased to see this reflected in the interest from EXIM. With the detailed engineering phase for the project well underway, HyProMag USA is well positioned to create a major new domestic hub for recycling and magnet manufacturing, and a platform for further growth in North America.’

The issuance of this LOI is aligned with Executive Order 2421 of March 20, 2025 ‘Immediate Measures to Increase American Mineral Production’ which includes near-term actions to be determined and implemented by the agencies to fast-track permits, mobilize capital for mineral producers, and create offtake agreements for strategic stockpiling for minerals critical to the United States’ defense, technology, and energy.

HyProMag is commercializing Hydrogen Processing of Magnet Scrap (HPMS) recycling technology in the UK, Germany and the United States. HPMS technology was developed at the Magnetic Materials Group (MMG) at the University of Birmingham, underpinned by approximately US$100 million of research and development funding, and has major competitive advantages versus other rare earth magnet recycling technologies, which are largely focused on chemical processes but do not solve the challenges of liberating magnets from end-of-life scrap streams.

In November 2024, HyProMag announced an independent Feasibility Study which includes a Dallas Fort Worth recycling and magnet Hub, and two pre-processing facilities located in South Carolina and Nevada respectively[i]. In March 2025, HyProMag USA announced the expansion of the detailed engineering phase to include three HPMS vessels[ii] and that it was initiating concept studies for further expansion and complementary ‘Long Loop’ recycling[iii]. The DFW Hub’s annual production is expected to be 750 metric tons per annum of recycled sintered NdFeB magnets and 807 metric tons per annum of associated NdFeB co-products (total payable capacity – 1,557 metric tons NdFeB within five years of commissioning) over a 40-year operating life. It is expected the production facility will provide significant optionality to supply the U.S. market with additional NdFeB alloy powder while assisting in revitalising the U.S. magnet sector with the creation of 90-100 skilled magnet manufacturing jobs.

In March 2025, HyProMag USA announced the results of an independent ISO-Compliant product carbon footprint study which confirmed an exceptionally low CO2 footprint of 2.35 kg CO2 eq. per kg of NdFeB cut sintered block product.[iv]

Ownership

HyProMag USA is owned 50:50 by CoTec and HyProMag Limited (‘HyProMag’). HyProMag is 100 per cent owned by Maginito Limited (‘Maginito’), which is owned on a 79.4/20.6 per cent basis by Mkango and CoTec.

About CoTec Holdings Corp.

CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange (‘TSX-V’) and the OTCQB and trades under the symbols CTH and CTHCF respectively. CoTec Holdings Corp. is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec’s strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.

For more information, please visit www.cotec.ca.

About Mkango Resources Ltd.

Mkango is listed on the AIM and the TSX-V. Mkango’s corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited, which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec, and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.

Maginito holds a 100 per cent interest in HyProMag and a 90 per cent direct and indirect interest (assuming conversion of Maginito’s convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd (‘Mkango UK’), focused on long loop rare earth magnet recycling in the UK via a chemical route.

Maginito and CoTec are rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA joint venture company.

Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi (‘Songwe’) and the Pulawy rare earths separation project in Poland (‘Pulawy’). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a letter of Intent with Crown PropTech Acquisitions to list the Songwe and Pulawy projects on NASDAQ via a SPAC Merger.

For more information, please visit www.mkango.ca

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’), which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango and CoTec. Generally, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’ or ‘is expected to’, ‘scheduled’, ‘estimates’ ‘intends’, ‘anticipates’, ‘believes’, or variations of such words and phrases, or statements that certain actions, events or results ‘can’, ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’, occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the availability of the potential financing from EXIM, the expected annual production from HyProMag USA, the availability of (or delays in obtaining) financing to develop Songwe Hill, the Recycling Plants being developed by Maginito in the UK, Germany and the United States (the ‘Maginito Recycling Plants’), governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito’s recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the Maginito Recycling Plants, and the Pulawy separation plant and future investments in the United States pursuant to the proposed cooperation agreement between Maginito and CoTec, the outcome and timing of the completion of the Feasibility Studies, cost overruns, complexities in building and operating the plants, and the positive results of Feasibility Studies on the various proposed aspects of Mkango’s, Maginito’s and CoTec’s activities. The forward-looking statements contained in this press release are made as of the date of this news release. Except as required by law, the Company and CoTec disclaim any intention and assume no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additionally, the Company and CoTec undertake no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

For further information on CoTec, please contact:
CoTec Holdings Corp.
Braam Jonker
Chief Financial Officer
braam.jonker@cotec.ca
+1 604 992-5600

For further information on Mkango, please contact:
Mkango Resources Limited
William Dawes
Chief Executive Officer
will@mkango.ca
+1 403 444 5979

Alexander Lemon
President
alex@mkango.ca

www.mkango.ca
@MkangoResources

SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470

Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5

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

This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

Source

Click here to connect with CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) to receive an Investor Presentation

This post appeared first on investingnews.com

When it comes to the nation’s federal government, GOP Sen. Ron Johnson of Wisconsin is ‘not a fan.’ 

He believes that it ’causes or exacerbates more problems than it actually solves,’ telling Fox News Digital during an interview on Wednesday that the bulk of his oversight is ‘to expose how awful government is’ in order to obtain ‘public support for reducing it, limiting its size, limiting its cost, limiting its influence over our lives.’

‘As our federal government grows, our freedoms recede,’ he said. ‘You see what the federal government does, how it wastes money.’

The national debt has ballooned to the eye-watering sum of more than $36 trillion, with lawmakers and presidents from both parties presiding over the deficit spending that has led the nation to this point. 

Johnson said he’s ‘trying to force reality’ upon everyone in the nation’s capital, regardless of whether they want to face that reality.

He said for decades the nation has been suffering a ‘chronic debt crisis,’ illustrating the dramatic decline in the value of the U.S. dollar by noting that ‘the dollar you held back in 1998 is now only worth $0.51 cents,’ while ‘a dollar you held in … 2019 is only worth $0.80 cents.’

The senator referred to inflation as ‘the silent tax.’

But he’s certainly not staying silent.

Johnson indicated that the elected leaders are mortgaging the future of American children, but ‘don’t talk about it.’

‘I’m forcing everybody to look at it,’ he said, noting that his ‘primary role’ is to force ‘acknowledgment of our problem.’

But as keenly as Johnson advocates the idea of slashing the sprawling tentacles of the massive federal bureaucracy, right now he’s just pushing to pare spending down to pre-pandemic levels.

The conservative fiscal hawk has been making headlines for taking a stand against the Trump-backed One Big Beautiful Bill Act that cleared the GOP-controlled House of Representatives last month. 

But Johnson told Fox News Digital that he actually likes a lot of the measure.

‘I’m really not critical of the bill as far as it goes,’ Johnson explained, noting that he’s a ‘big supporter’ of much of what’s in it, though he noted that has not read all of it — the measure is more than 1,000 pages long. 

‘My main beef is it just doesn’t go far enough,’ he said, noting that after the COVID-19 pandemic Democrats failed to return to pre-COVID spending and deficit levels.

The Congressional Budget Office’s estimated budgetary impact for the measure indicates that the net effect on the deficit would be a more than $2.4 trillion increase over the fiscal years 2025-2034.

But White House Office of Management and Budget Director Russ Vought has said the measure would decrease deficits.

‘The bill REDUCES deficits by $1.4 trillion over ten years when you adjust for CBO’s one big gimmick–not using a realistic current policy baseline. It includes $1.7 trillion in mandatory savings, the most in history. If you care about deficits and debt, this bill dramatically improves the fiscal picture,’ Vought said in a post on X.

Johnson also noted during the interview that there has not been a ‘reckoning’ regarding the ‘abuse’ at all levels of government during the COVID-19 pandemic.

He noted that he does not refer to the COVID-19 jab as a vaccine. Instead, he referred to it as an ‘injection,’ asserting that it is ‘not a vaccine,’ and that it caused injuries and death.

The senator said that he thinks the shots should have ‘black box warnings.’ 

The Centers for Disease Control and Prevention website states that the ‘CDC recommends a 2024-2025 COVID-19 vaccine for most adults ages 18 and older’ and claims that the ‘vaccine helps protect you from severe illness, hospitalization, and death.’

Johnson, who has served in the Senate since 2011 and won election to a third term in 2022, said he’d prefer not to seek another term in office.

‘I don’t covet this job,’ he said, noting that he wants to leverage his post to help save America and aid those who are ‘ignored by the system.’

While he’s not ruling out another run, Johnson, who turned 70-years-old earlier this year, said he’d ‘be happy’ to return to Oshkosh and ‘live a nice, peaceful life.’

This post appeared first on FOX NEWS

Israeli Prime Minister Benjamin Netanyahu confirmed that one of Iran’s top nuclear facilities had been hit in Thursday night’s strike against the regime.

‘Iran has produced enough highly enriched uranium for nine atom bombs, nine,’ Netanyahu said. ‘In recent months, Iran is taking steps that it has never taken before, steps to weaponize this enriched uranium. And if not stopped, Iran could produce a nuclear weapon in a very short time.’

The Natanz Nuclear Facility – one of Tehran’s key nuclear sites and which has been flagged by security experts that in coordination with the Fordow Fuel Enrichment Plant, could produce enough weapons-grade uranium to produce 11 nuclear weapons within a month – has been hit in the strikes, though the extent of the damage remains unknown. 

‘We struck at the heart of Iran’s nuclear enrichment program. We struck at the heart Iran’s nuclear weaponization program,’ Netanyahu said in live remarks. ‘We targeted Iran’s main enrichment facility in Natanz. 

‘We targeted Iran’s leading nuclear scientists working on the Iranian bomb,’ he added. 

The Nantaz Nuclear Facility was at least partially destroyed in 2020 following an explosion, and satellite imagery has suggested Iran began constructing deep underground tunnels to further secure and obscure their nuclear program, reported the Institute for Science and International Security earlier this year. 

It is unclear at this time if any of the underground structures were hit in the Thursday night strikes. 

‘We will not let the world’s most dangerous regime get the world’s most dangerous weapons, and Iran plans to give those weapons, nuclear weapons, to its terrorist proxies,’ Netanyahu said. ‘That would make the nightmare of nuclear terrorism all too real. 

‘The increasing range of Iran’s ballistic missiles would bring that nuclear nightmare to the cities of Europe, and eventually to America,’ he added. 

Reporting by The New York Times also said the Parchin military complex had been hit in the overnight strikes, though Fox News Digital could not independently confirm the hit.

The extent of the damage also remains unknown as it was reported in November that the Parchin military complex had been significantly damaged in Israel’s October strikes which housed a nuclear weapons research facility. 

Another five military bases surrounding Tehran were also reportedly hit. 

This post appeared first on FOX NEWS

Elmo has a friend, indeed.

Minority Leader Hakeem Jeffries,D-N.Y., brought along a stuffed friend to help make a point on the House floor Thursday.

Jeffries held up a stuffed Elmo doll while accusing Republicans of targeting beloved children’s shows like ‘Sesame Street’ in their push to slash federal spending.

‘Today, we are on the floor of the House of Representatives debating legislation that targets Elmo. And Big Bird. And Daniel Tiger and ‘Sesame Street,” Jeffries said, waving the puppet as he railed against the GOP-led rescissions package.

The moment, widely circulated online, came during debate over the Republican-backed Proposed Rescissions of Budgetary Resources from President Trump, which would eliminate over $9 billion in unspent or low-priority federal funds.

Among the targeted programs: $3 million in taxpayer support for an international version of Sesame Street in Iraq.

Democrats objected to what they characterized as cultural and humanitarian vandalism disguised as fiscal responsibility. Rep. Sydney Kamlager-Dove, D-Calif., delivered one of the sharpest lines of the day: ‘While you all have killed off Elmo, I urge my colleagues to vote no on this trash and I yield back,’ Garcia said.

Republicans dismissed the theatrics and defended the package as a commonsense rollback of bloated, ideological spending. The bill also includes broader cuts to the Corporation for Public Broadcasting, which supports PBS and NPR, long-time targets of fiscal conservatives who argue the taxpayer shouldn’t subsidize public media.

Rep. Lisa McClain, R-Mich., rebutted, ‘I never realized Elmo was more important to my colleagues on the other side of the aisle than the American people.’

House Majority Leader Steve Scalise, R-La., pushed back forcefully: ‘The Minority Leader held up a Sesame Street character here on the floor as if Sesame Street’s somehow going to go away,’ Scalise said. 

‘I was watching a commercial on TV yesterday where the Cookie Monster was actually doing an advertisement for Netflix because a private company is paying money to run Sesame Street. It’s not going away. It’s doing just fine. Very lucrative.’

Scalise argued the bill doesn’t threaten Sesame Street’s survival, only its taxpayer subsidy, and called out what he described as ‘far-left, radical views’ being promoted through outlets like NPR and PBS.

‘There is still going to be a plethora of options for the American people,’ he said. ‘But if they are paying their hard-earned dollars to get content, why should your tax dollars go to only one thing that the other side wants to promote?’

He concluded bluntly: ‘They can still watch Sesame Street in Iraq. But let the Iraqi people pay for it — not the taxpayers of the United States of America’s children.’

Even more eyebrow‑raising was the inclusion of taxpayer‑funded global health spending for procedures like circumcisions.

Among the line items flagged by GOP lawmakers: $3 million to subsidize circumcisions, vasectomies and condoms in Zambia, alongside similar grants for transgender surgeries in Nepal. Republicans contended that pulling back these types of low-impact or ideological slush funds was a logical first step toward returning more than $9 billion to the U.S. Treasury.

The bill passed the House Appropriations Committee earlier this week and Senate Democrats have signaled strong opposition.

The bill passed the House in a 214–212 vote. Four Republicans, Reps. Mark Amodei, R-Nev.; Mike Turner, R-Ohio; Brian Fitzpatrick, R-Pa.; and Nicole Malliotakis, R-N.Y., broke ranks to vote against the bill. All Democrats voted no.

This post appeared first on FOX NEWS

President Donald Trump promised that Israel’s next round of attacks on Iran would be ‘even more brutal’ in a Truth Social post pressuring Iran to cut a deal on its nuclear activity. 

‘There has already been great death and destruction, but there is still time to make this slaughter, with the next already planned attacks being even more brutal, come to an end,’ Trump said. 

‘Iran must make a deal, before there is nothing left, and save what was once known as the Iranian Empire. No more death, no more destruction, JUST DO IT, BEFORE IT IS TOO LATE.’

Trump said he warned Iran that ‘the United States makes the best and most lethal military equipment anywhere in the World, BY FAR, and that Israel has a lot of it, with much more to come – And they know how to use it.’

‘Certain Iranian hardliner’s spoke bravely, but they didn’t know what was about to happen. They are all DEAD now, and it will only get worse!’

The U.S. and Iran have another round of nuclear talks scheduled for this weekend in Muscat, Oman, while the two sides remain on opposite ends over whether Iran should have the capacity to enrich uranium at all, even for civil energy purposes. 

It is not clear whether those negotiations will carry on in light of the attack. Trump had urged Prime Minister Benjamin Netanyahu to let talks play out before launching any strikes. 

 ‘I think it would blow it,’ Trump said earlier yesterday of the prospect of a premature Israeli attack. But then, he mused, it ‘might help it actually, but it also could blow it.’ 

After the attack, Secretary of State Marco Rubio put out a statement insisting the U.S. had no part in the strikes and urged Iran not to attack U.S. positions. Earlier, non-essential embassy staff in Iraq had been evacuated in light of the prospect of an attack. 

Tehran fired over 100 drones toward Israel on Friday morning in a counter-move, which Israel intercepted. 

Netanyahu revealed the Israeli Defense Forces (IDF) struck a key nuclear site, Natanz, during the attack on the regime.

Among those killed were top nuclear scientists and top military leaders: General Hossein Salami, the commander-in-chief of Iran’s Revolutionary Guard Corps (IRGC), and Major General Mohammad Bagheri, Iran’s highest-ranking military official and chief of staff of the IRGC, along with most of the IRGC air force high command, who were convened in an underground bunker at the time. 

The first wave of strikes hit over 100 targets with 200 Israeli fighter jets dropping ‘330 different munitions,’ the IDF said, adding the strikes will carry on for days. 

This post appeared first on FOX NEWS

Sen. John Fetterman, D-Pa., expressed staunch support for Israel’s assault against Iran, calling for the U.S. to back Israel’s efforts by providing the ally with anything it needs.

‘Our commitment to Israel must be absolute and I fully support this attack. Keep wiping out Iranian leadership and the nuclear personnel. We must provide whatever is necessary—military, intelligence, weaponry—to fully back Israel in striking Iran,’ Fetterman asserted Thursday night in a post on X.

The Israeli Ministry of Foreign Affairs reposted the senator’s post. 

It also shared a post in which U.S. House Speaker Mike Johnson expressed support for the U.S. ally. 

‘Israel IS right—and has a right—to defend itself!’ Johnson declared.

Sen. Lindsey Graham suggested that if Iran targets U.S. interests, America should execute ‘an overwhelming response’ that annihilates the foreign country’s oil infrastructure.

‘People are wondering if Iran will attack American military personnel or interests throughout the region because of Israel’s attack on Iran’s leadership and nuclear facilities,’ Graham noted Thursday night in a post on X. 

‘My answer is if they do, America should have an overwhelming response, destroying all of Iran’s oil refineries and oil infrastructure putting the ayatollah and his henchmen out of the oil business.’

Secretary of State Marco Rubio said in a statement on Thursday night that the U.S. was ‘not involved in strikes against Iran’ and declared that ‘Iran should not target U.S. interests or personnel.’

President Donald Trump issued a Truth Social post on Friday morning in which he urged Iran to agree to a deal, apparently referring to a nuclear deal.

‘I gave Iran chance after chance to make a deal. I told them, in the strongest of words, to ‘just do it,’ but no matter how hard they tried, no matter how close they got, they just couldn’t get it done. I told them it would be much worse than anything they know, anticipated, or were told, that the United States makes the best and most lethal military equipment anywhere in the World, BY FAR, and that Israel has a lot of it, with much more to come – And they know how to use it. Certain Iranian hardliner’s spoke bravely, but they didn’t know what was about to happen. They are all DEAD now, and it will only get worse!’ Trump warned in his post.

‘There has already been great death and destruction, but there is still time to make this slaughter, with the next already planned attacks being even more brutal, come to an end. Iran must make a deal, before there is nothing left, and save what was once known as the Iranian Empire. No more death, no more destruction, JUST DO IT, BEFORE IT IS TOO LATE. God Bless You All!’

This post appeared first on FOX NEWS

LAS VEGAS. — Former Starbucks CEO Howard Schultz said Wednesday that he “did a cartwheel” in his living room when current chief executive Brian Niccol first coined his “back to Starbucks” strategy.

The enthusiasm from the 71-year-old Starbucks chairman emeritus is a key stamp of approval for Niccol as he tries to lift the company’s slumping sales and restore the chain’s culture.

Schultz, who grew Starbucks from a small chain into a global coffee giant, made a surprise appearance at the company’s Leadership Experience in Las Vegas and cosigned Niccol’s plans. The three-day event has gathered more than 14,000 North American store leaders to hear from Starbucks management as the company embarks on a turnaround.

Niccol took the reins in September, joining the company after the board ousted Laxman Narasimhan, Schultz’s handpicked successor.

Schultz had returned in 2022 for his third stint as chief executive, but it was only an interim role. He previously told CNBC that he has no plans to come back again. Schultz no longer holds a formal role within the company, although CNBC has previously reported that he’s forever entitled to attend board meetings unless barred by the company’s directors.

During Niccol’s first week on the job, he outlined plans for the comeback in an open letter, making the commitment to get “back to Starbucks.” More details on how the chain planned to return to its roots followed in the ensuing months, from bringing back seating inside cafes to writing personalized messages on cups. Under Niccol’s leadership, the company’s marketing has shifted to focus on its coffee, rather than discounts and promotions.

When Starbucks announced Narasimhan’s firing and Niccol’s hiring, Schultz issued a statement of support, saying that the then-Chipotle CEO was the leader that the company needs. However, the Leadership Experience marks the first time that Niccol and Schultz have appeared publicly together.

During Narasimhan’s short tenure as CEO, Schultz did not mince words when the company’s performance fell short of his expectations. After a dismal quarterly earnings report, he weighed in publicly on LinkedIn, saying the company needs to improve its mobile order and pay experience and overhaul how it creates new drinks to focus on premium items that set it apart.

But Schultz said Starbucks’ problems went further than just operational issues and lackluster beverages and food.

“The culture was not understood. The culture wasn’t valued. The culture wasn’t being upheld,” he said on Wednesday.

This post appeared first on NBC NEWS

E-Power Resources Inc (CSE: EPR) (FSE: 8RO) (‘E-Power’ or the ‘Company’) announces its intention to complete a flow-through non-brokered private placement to raise gross proceeds of up to $150,000 (the ‘FT Offering’). The Company will also complete a Hard Dollar Private Placement to raise gross proceeds of up to $50,000 (the ‘Hard Dollar Offering’).

Securities to be issued pursuant to the FT Offering shall consist of an amount of up to 3,000,000 units of the Company (the ‘FT Units‘) issued at a price of $0.05 per FT Unit, each FT Unit being comprised of one common share in the capital of the Company (each a ‘FT Share‘) that will qualify as ‘flow-through shares’ (within the meaning of subsection 66(15) of the Income Tax Act (Canada)), and one-half Warrant, each Warrant entitling its holder thereof to acquire one Share at a price of $0.10 per Share for a period of 5 years from the closing date of the FT Offering.

The Hard Dollar Offering units ‘Hard Dollar Units’ shall consist of 1,000,000 units of the Company issued at a price of $0.05 per Hard Dollar Unit. Each Hard Dollar Unit shall consist of one common share in the capital of the Company and one full Warrant, each Warrant entitling its holder thereof to acquire one Share at a price of $0.10 per Share for a period of 5 years from the closing date of the Hard Dollar Offering.

In connection with both the FT Offering and Hard Dollar Offering, the Company may pay cash finder’s fees and issue broker warrants. The securities issued in connection with the FT Offering and Hard Dollar Offering are subject to the applicable statutory four-month and one-day hold period.

Net proceeds from the FT Offering will be used by the Company to incur eligible ‘Canadian exploration expenses’ that will qualify as ‘flow-through mining expenditures,’ as defined in subsection 127(9) of the Income Tax Act (Canada) and under section 359.1 of the Taxation Act (Quebec) (the ‘Qualifying Expenditures‘), related to the Company’s Tetepisca Graphite Property, located in the Tetepisca Graphite District of the North Shore Region of Quebec, on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers to the FT Offering effective December 31, 2025. ‎ In addition, with respect to Quebec resident subscribers of FT Shares and who are eligible individuals under the Taxation Act (Quebec), the Canadian exploration expenses will also qualify for inclusion in the ‘exploration base relating to certain Quebec exploration expenses’ within the meaning of section 726.4.10 of the Taxation Act (Quebec) and for inclusion in the ‘exploration base relating to certain Quebec surface mining expenses or oil and gas exploration expenses’ within the meaning of section 726.4.17.2 of the Taxation Act (Quebec).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘), the FT Shares and FT Units will be offered by way of private placement pursuant to applicable exemptions from NI 45-106. The FT Offering and Hard Dollar Offering are expected to close on or about June 20, 2025 (the ‘Closing Date‘), subject to the satisfaction or waiver of the customary closing conditions, including the approval of the Canadian Securities Exchange (‘CSE‘).

The securities to be offered pursuant to the FT Offering and Hard Dollar Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

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 jurisdiction in which such offer, solicitation or sale would be unlawful.

About E-Power Resources Inc.

E-Power Resources Inc. is an exploration stage company engaged principally in the acquisition, exploration, and development of graphite properties in Quebec. Its flagship asset, the Tetepisca Graphite Property, is located in the Tetepisca Graphite District of the North Shore Region of Quebec, approximately 215 kilometers from the Port of Baie-Comeau. For further information, please refer to the Company’s disclosure record on SEDAR (www.sedarplus.ca) or contact the Company by email at info@e-powerresources.com.

On Behalf of the Board of Directors

James Cross
President & CEO
+1 (438) 701-3736
info@e-powerresources.com

Disclaimer for Forward-Looking Information

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance are ‘forward-looking statements.’ These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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Joe kicks off this week’s video with a multi‑timeframe deep dive into the 10‑year U.S. Treasury yield (TNX), explaining why a sideways coil just below the 5% level could be “downright scary” for equities. From there, he demonstrates precise entry/exit timingwith a combination of ADX, MACD, and RSI. Joe also covers the short-term divergence developing in the QQQ, takes a look at the IWM, and wraps up with some analyses of this week’s viewer symbol requests, including INTC, MU, and more.

The video premiered on June 11, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

Energy sector innovators took center stage on Wednesday (June 11), with Eclipse Automation securing major deals in nuclear infrastructure, and Oklo (NYSE:OKLO) snagging a key US clean energy contract.

Eclipse Automation, part of Accenture (NYSE:ACN), has secured multiple contracts to design, manufacture and supply advanced automated tooling and equipment for upcoming CANDU nuclear reactor refurbishment projects.

The projects are at the Cernavoda plant in Romania and the Qinshan facility in China, and the agreements include automated inspection units, radioactive-handling systems, reactor-assembly tools and a remote-control center.

Based in Cambridge, Ontario, and backed by Accenture’s global footprint, Eclipse Automation is working to bolster nuclear safety and efficiency with cutting-edge technology.

“In the last decade, Eclipse has delivered automated solutions and equipment to support nuclear refurbishment work at the Embalse reactor in Argentina, and at the Darlington and Bruce nuclear generating stations in Canada,” said Steve Mai, CEO of Eclipse Automation, in the company’s press release.

Putting the ‘Can’ in CANDU

Canada’s CANDU (Canada deuterium uranium) reactors trace their origins back to the 1950s, with the first commercial unit, NPD, launching in 1962 using heavy water moderation and natural uranium fuel. Featuring pressure tubes and online refueling, CANDUs allow continuous operation, unlike light-water reactors that require shutdowns.

Today, 19 CANDU reactors operate in Canada, primarily in Ontario and New Brunswick, and over a dozen more are deployed abroad in South Korea, Romania, China, Argentina and India.

The design is prized for high reliability, clean power and the ability to burn natural uranium and alternative fuels.

Canada and other countries are now investing in life extensions and advancing next-generation designs like the Enhanced CANDU-6, the Advanced CANDU reactor and small modular reactors, supported by federal funding to sustain a domestic supply chain and global competitiveness.

Defense department eyes microreactors

Elsewhere, advanced nuclear company Oklo received a notice of intent to award from the US Department of Defense to deploy its Aurora microreactor at Eielson Air Force Base in Alaska.

The project, which will be led by the Defense Logistics Agency Energy, will serve as the Air Force’s pilot for enhancing energy resilience at remote sites. Under a long-term power purchase agreement, Oklo will design, build, own and operate the reactor, supplying both electricity and heat. The Aurora system uses fast reactor technology to deliver continuous, off-grid power — ideal for mission-critical infrastructure.

‘This Notice of Intent to Award reflects continued confidence in Oklo’s ability to deliver clean and secure energy solutions for mission-critical infrastructure,’ said Jacob DeWitte, co-founder and CEO of Oklo. ‘We are honored to support national defense resilience objectives while demonstrating the value of US-pioneered fast reactor technology.’

These contracts reflect a global resurgence in nuclear energy as countries look for ways to power their expanding grids with clean energy.

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

This post appeared first on investingnews.com