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March 28, 2025 TheNewswire – Vancouver, BC – Providence Gold Mines Inc. (‘the Company’), The Company is pleased to announce that it has been granted an extension of its previously announced Private Placement (November 20, 2024, December 6, 2024, January 16, 2025 and February 14 th 2025) until April 30,2025. As announced, a placement of up to $1,800,000 Cdn for 36,000,000 units at $0.05 per unit is underway. Each unit will comprise of one common share and one non-transferable warrant, exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of closing.

The Company closed the first tranche of the placement on December 6, 2024, issuing 1,500,000 units for gross proceeds of $75,000 CAD. An officer of the Company participated for the full amount of $75,000 CAD.

USE OF PROCEEDS

The funds from this placement will be used for evaluation of the new gold surface discovery reported for reference on May 6,2024 and for a significant drilling program of up to 2500m designed to target the historical McCarthy and Mexican shafts and as well as an area north of the Mexican shaft where significant ground preparation provides a favorable structural setting for hanging wall splay veins analogous to the historical ‘Bonanza’ stope at the Providence mine alone produced 50,000 ounces. Ron Coombes states, ‘exploration efforts have modelled potential for several robust gold targets’.

All securities issued will be subject to a hold period of four months and one day from the closing date of the private placement, in accordance with applicable Canadian securities laws.

Qualified Person

Lee Groat Ph.D., P. Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved of the technical information contained in this news 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.

ON BEHALF OF THE BOARD

‘Ronald Coombes’

Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Ronald Coombes

Mobile: 1- 604- 724-2369

rcoombesresources@gmail.com

Copyright (c) 2025 TheNewswire – All rights reserved.

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Bitcoin Well Inc. (TSXV: BTCW) (OTCQB: BCNWF) (‘Bitcoin Well’ or the ‘Company’), the non-custodial bitcoin business on a mission to enable independence, announced today that it has established an at-the-market equity program (the ‘ATM Program’) that allows the Company to issue and sell, at its discretion, up to $5,000,000 of common shares (‘Shares’) to the public from time to time.

Distributions of the Shares under the ATM Program will be made pursuant to the terms of an equity distribution agreement (the ‘Distribution Agreement‘) dated March 28, 2025 between Bitcoin Well and Haywood Securities Inc. (the ‘Agent‘). All Shares sold under the ATM Program will be sold through the TSX Venture Exchange or other recognized Canadian marketplace at prevailing market prices at the time of sale. The ATM Program will be effective until the earlier of March 28, 2027 and the completion of the issuance and sale of all of the Shares issuable pursuant to the ATM Program, subject to earlier termination by Company or the Agent in accordance with the terms of the Distribution Agreement.

The ATM Program is intended to provide the Company with additional financing flexibility should it be required in the future. The volume and timing of distributions under the ATM Program, if any, will be determined in the Company’s sole discretion. As Shares distributed under the ATM program will be sold at the prevailing market price at the time of sale, prices may vary among purchasers during the term of the ATM Program.

The Company intends to use the net proceeds from the ATM Program, if any, together with the Company’s current cash resources, to fund general corporate purposes, including ongoing operations and/or working capital requirements; to repay indebtedness outstanding from time to time; to complete future acquisitions; to fund research and development, intellectual property development; or for other corporate purposes.

The offering of Shares under the ATM Program is qualified by a prospectus supplement dated March 28, 2025 (the ‘Prospectus Supplement‘) to the short form base shelf prospectus dated March 6, 2025 (the ‘Shelf Prospectus‘). Copies of the Prospectus Supplement, the Shelf Prospectus and the Distribution Agreement are available under Bitcoin Well’s profile on the SEDAR+ website at www.sedarplus.ca. Alternatively, the Company or the Agent will send the Prospectus Supplement (including the Shelf Prospectus) upon request. Such requests may be made by sending an email to Haywood at ecm@haywood.com.

This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, the Shares, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The securities being referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ‘1933 Act‘), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does 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 Bitcoin Well

Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.

Join our investor community and follow us on Nostr, LinkedIn, X (formerly Twitter) and YouTube to keep up to date with our business.

Bitcoin Well contact information

To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link: https://bitcoinwell.com/meet-adam

For additional investor & media information, please contact:
Adam O’Brien
Tel: 1 888 711 3866
ir@bitcoinwell.com

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

Forward-looking information

Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as ‘anticipate’, ‘plan’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘should’, or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well’s business plans, strategy and outlook; and the intended use of proceeds from the ATM Program. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well’s annual information form and management’s discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well’s expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246488

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The US Bureau of Economic Analysis released February personal consumption expenditures (PCE) index data on Friday (March 28). The figures show inflation increased 2.5 percent on an annualized basis in February, aligning with analyst expectations and reflecting no change from the 2.5 percent recorded in January. On a monthly basis, inflation rose by 0.3 percent, also matching January’s increase.

However, core PCE, which excludes the volatile food and energy prices, increased 2.8 percent year-over-year and 0.4 percent month-over-month. Both came in above analyst expectations of 2.7 and 0.3 percent, respectively.

The PCE is the Federal Reserve’s preferred measure for tracking inflation and will be significant when it meets next in May. Combined with recent consumer price index figures, the data indicates progress has stalled in bringing inflation to the Federal Reserve’s 2 percent target rate.

To the north, Statistics Canada released January gross domestic product (GDP) numbers on Friday. The report shows that GDP grew by 0.4 percent in January, up from a 0.3 percent increase in December.

The largest gain was observed in goods-producing industries, which rose 1.1 percent, marking the highest increase since October 2021. As for Canada’s resources, the mining, quarrying and oil and gas extraction sector increased by 1.8 percent during the first month of the year. This increase was driven by a 2.6 percent rise in the oil and gas extraction subsector. However, metal ore mining declined by 1.2 percent.

The agency also provided a brief estimate of February’s GDP numbers, as well as a look at Canada and the US’s metal manufacturing trade. Tariff threats from the United States appear to have kept numbers flat, as preliminary real GDP data is “essentially unchanged in February.” Official data for February will be released on April 30.

Markets and commodities react

In Canada, markets were in the red this week. The S&P/TSX Composite Index (INDEXTSI:OSPTX) fell 1.2 percent during the week to close at 24,759.15 on Friday, the S&P/TSX Venture Composite Index (INDEXTSI:JX) decreased 1.04 percent to 633.63 and the CSE Composite Index (CSE:CSECOMP) dropped 2.43 percent to 121.13.

US equity markets fell even further this week. The S&P 500 (INDEXSP:INX) lost 2.4 percent to close at 5,5680.95, the Nasdaq 100 (INDEXNASDAQ:NDX) dropped 3.79 percent to 19,281.40 and the Dow Jones Industrial Average (INDEXDJX:.DJI) shed 1.41 percent to 41,583.91.

The gold price climbed to fresh all time highs this week gaining 2.02 percent to US$3,084.48 per ounce at 5:00 p.m. EDT Friday. The silver price rose higher with a 3.29 percent increase during the period to US$34.10.

In base metals, the copper price set an all time high of US$5.32 per pound on Wednesday before finishing the week flat to close out Friday at US$5.13 per pound on the COMEX. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) was up 0.41 percent to close at 560.50.

Top Canadian mining stocks this week

So how did mining stocks perform against this backdrop? We break down this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 2:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Euro Sun Mining (TSX:ESM)

Company Profile

Weekly gain: 53.85 percent
Market cap: C$30.94 million
Share price: C$0.10

Euro Sun Mining is a copper and gold development company focused on advancing its Rovina Valley project in Romania.

The project’s mining license received full approval for 20 years in 2018, with the option to renew it in five-year increments.

An updated feasibility study from March 2022 demonstrated the project’s economics, showing a post-tax net present value of US$512 million and an internal rate of return of 20.5 percent, assuming a base case gold price of US$1,675 per ounce and a copper price of US$3.75 per pound.

Proven and probable mineral reserve estimates for the site show contained quantities of 197,522 metric tons of copper with an average grade of 0.16 percent, along with 1.84 million ounces of gold with an average grade of 0.47 grams per metric ton (g/t) from 123.3 million metric tons of ore.

Although Euro Sun did not release news this week, shares increased alongside a rising copper price.

2. Rackla Metals (TSXV:RAK)

Company Profile

Weekly gain: 50 percent
Market cap: C$22.58 million
Share price: C$0.225

Rackla Metals is a gold exploration company with a significant land package covering 59,000 hectares in the Eastern Yukon and Western Northwest Territories, Canada. The firm is specifically targeting properties within the Tombstone Gold Belt, which hosts a gold system that tends to produce deposits in clusters.

Among its key projects is the Astro plutonic complex in the Northwest Territories, which is in close proximity to significant discoveries at Snowline Gold’s (TSXV:SGD,OTCQB:SNWGF) Rogue plutonic complex and Fireweed Metals’ (TSXV:FWZ,OTCQX:FWEDF) Macmillan Pass project.

Besides Astro, Rackla has been exploring its Grad property, which it initially staked in August 2024. Work at the 4,000 hectare site has focused on anomalies identified in a government regional geochemical survey. In October 2024, the company reported that grab samples from the BiTe zone yielded grades of up to 92 g/t gold in its season-end exploration update.

The company’s latest release came on Tuesday (March 24), when it announced a non-brokered private placement to raise total gross proceeds of C$2.45 million. The company intends to use proceeds to advance work at its Tombstone gold belt properties.

3. Tidewater Renewables (TSX:LCFS)

Company Profile

Weekly gain: 49.55 percent
Market cap: C$112.45 million
Share price: C$3.35

Tidewater Resources is focused on the production of low-carbon fuels from facilities in British Columbia, Canada.

Its sole operation is a renewable diesel and hydrogen complex located near Prince George. The project has a nameplate capacity of 3,000 barrels per day of renewable diesel and 23.7 metric tons per day of hydrogen. The plant began production during Q4 2023 using feedstock that included soybean and canola oil.

The company is expanding the site to produce sustainable aviation fuel, which it plans to start producing in 2028.

On March 6, Tidewater announced that it had advised the Canadian Border Services Agency (CBSA) to initiate an anti-subsidy and anti-dumping duty investigation into imports of renewable diesel from the US. The release indicated that the CBSA confirmed that Tidewater had provided sufficient evidence to support the allegations.

Tidewater expects that additional duties of between C$0.50 and C$0.80 will be applied to renewable diesel imports originating from the US, which would provide increased market stability for Tidewater products.

The company released its financial results for 2024 on Thursday, March 27. In the announcement, the company stated that its renewable diesel and hydrogen complex achieved an average daily throughput of 2,677 barrels per day in the fourth quarter, marking a significant increase from the 1,700 barrels per day throughput in Q4 2023.

4. Titan Mining (TSX:TI)

Company Profile

Weekly gain: 48.28 percent
Market cap: C$57.27 million
Share price: C$0.43

Titan Mining is a critical mineral mining and development company focused on advancing and exploring its zinc and graphite assets in New York, US.

Its Empire State Mines (ESM) zinc operations include ESM 4, which restarted production in January 2018, along with six past-producing mines capable of supplying additional feedstock for its onsite mill.

On January 7, Titan released an updated life of mine plan for its ESM properties, which projected a 35 percent increase in production compared to its previous plan released in 2021. The new plan extends the mine’s operational life to nine years, up from seven, and anticipates the production of 636 million pounds of zinc, increased from 470 million pounds in the prior plan.

In addition to zinc, the company also owns the Kilbourne graphite deposit located 4,000 feet from the existing mill at its Empire Mines operation.

A December 2024 maiden mineral resource estimate demonstrated an open pit inferred resource of 653,000 short tons of contained graphite from 22.42 million short tons of ore with an average grade of 2.91 percent copper.

Titan’s most recent news came on March 20, when it released its full-year 2024 results. In the announcement, the company stated it had achieved the upper end of production guidance with 59.5 million pounds of payable zinc. It also reported C1 cash costs of US$0.91 per payable pound sold, which was below the guidance range of US$0.98 to US$1.02.

5. Supernova Metals (CSE:SUPR)

Weekly gain: 39.71 percent
Market cap: C$14.1 million
Share price: C$0.475

Supernova Metals is an exploration company with rare earth mineral claims in Newfoundland and Labrador, Canada, as well as petroleum interests in Namibia.

Its TT rare earth claims comprise two licenses spanning 825 hectares in central Labrador and are adjacent to Canada Rare Earth’s (TSXV:LL,OTC Pink:RAREF) Two Tom project. The company shared plans to begin exploration in February.

In addition to its TT Claims, the company announced on January 31 that it had successfully completed its acquisition of NamLith Resources. The purchase provides Supernova with an 8.75 percent indirect ownership interest in Block 2712A and petroleum exploration license 107 in Namibia’s offshore Orange Basin.

In a follow-up on February 6, Supernova reported that a NI51-101 technical report is being prepared for the block. The company has since added two senior strategic advisors with experience in the energy industry.

The company has not released any project updates in the past week.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many companies are listed on the TSXV?

As of June 2024, there were 1,630 companies listed on the TSXV, 925 of which were mining companies. Comparatively, the TSX was home to 1,806 companies, with 188 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

The gold price continued moving higher this week, reaching yet another record.

After trading as low as US$3,006 per ounce on Monday (March 24), the yellow metal took off midway through the week, closing at US$3,085 on Friday (March 28).

So what factors are moving gold right now?

Many experts agree that the precious metal is benefiting from long-term underlying drivers — like central bank buying — as well as recent turmoil surrounding tariffs, the US economy and global conflicts.

Tariffs were definitely in focus this week, with US President Donald Trump signing an executive order to impose 25 percent tariffs on all automobile imports starting on April 3.

Trump’s reciprocal tariffs are also set to go into effect on that day.

Anything can happen, but at this point it seems fairly certain that gold itself is unlikely to face tariffs. Here’s how Dana Samuelson of American Gold Exchange explained it:

‘My opinion is that it doesn’t make sense to tariff gold because it is a tier-one asset — it’s equivalent to a Treasury. So they’re not going to tariff Treasuries, right?

‘The commodity uses for gold are about 5 percent compared to 95 percent being a monetary metal. So I don’t think it makes sense to tariff gold.’

He added that silver, which has strong industrial applications, could face tariffs.

Copper is another story entirely — Trump previously ordered the Department of Commerce to investigate copper tariffs, and while it was supposed to provide a report within 270 days, sources now indicate it could come sooner. People familiar with the matter told Bloomberg that the investigation ‘is looking like little more than a formality,’ and the news has bolstered prices for the red metal.

Copper futures on the Comex in New York rose to an all-time high this week, although London copper prices declined, creating a larger spread between the two.

Going back to gold, the precious metal is also digesting last week’s US Federal Reserve meeting, which saw the central bank leave rates unchanged. While officials are still calling for only two cuts this year, Danielle DiMartino Booth of QI Research thinks the Fed could cut as many as four to five times in 2025.

Here’s what she said:

‘I do see the pace of layoffs and bankruptcies in the US economy as probably (putting) the Fed in a tight position going into May. We’ve got two nonfarm payroll reports before they meet on May 7, and I think that because the unemployment rate is just a rounding error shy of being at 4.2 percent, that there is a risk — a very tangible risk given, again, all of the layoffs, store closures that we’ve seen in 2025 — in economic fallout, not just in the public sector, but more so in the private sector.

‘The Fed (could) be at its 4.4 percent year-end unemployment rate target a lot sooner than it foresees, such that the president could be right here — we could be seeing quite a few more than two interest rate cuts this year. I foresee maybe four or five.’

Friday brought the release of the latest US personal consumption expenditures (PCE) price index data, and it shows that core PCE was up 0.4 percent month-on-month in February, the largest gain since January 2024. On a yearly basis, core PCE was up 2.8 percent.

Both numbers are higher than analysts’ estimates of 0.3 and 2.7 percent, respectively.

PCE is the Fed’s preferred gauge for inflation, and is expected to impact its next rate decision.

Bullet briefing — Silver squeeze 2.0?

Elsewhere in the precious metals space, silver is spending time in the spotlight as social media users plan a ‘silver squeeze 2.0’ for this coming Monday (March 31).

Many market participants will be familiar with the 2021 silver squeeze, when members of Reddit’s WallStreetBets forum tried to squeeze the market like they did for GameStop (NYSE:GME).

The movement got a lot of attention and resulted in some price movement before petering out.

This time around, the push seems to have originated on X, formerly Twitter, where it’s quickly gained traction among key players in the silver community.

Days ahead of the official squeeze, the white metal’s price is on the move. It rose to the US$34.50 per ounce level on Thursday (March 27), although it had pulled back to around US$34.10 by Friday’s close.

The activity has sparked optimism about what will unfold next week — while silver is known to be frustrating, it can also move quickly when it does break out.

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

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President Donald Trump promised that ‘bad things’ would happen to Iran if the regime does not come to the table for nuclear negotiations. 

‘My big preference is that we work it out with Iran, but if we don’t work it out, bad things are gonna happen to Iran,’ the president said Friday. 

Iran is enriching uranium to 60%, just shy of the 90% weapons-grade. Experts say it could have a nuclear weapon within weeks if it were to take the final steps to building one. 

In response to U.S. sanctions threats, Iran showed off a sprawling underground tunnel system replete with missiles, launchers, engines and other advanced weapons. 

A video released this week by state media shows two Iranian military leaders, Chief of Staff of the Armed Forces Major General Mohammad Hossein Bagheri and IRGC Aerospace Force Commander Amir Ali Hajizadeh, riding in a vehicle through long, weapons-packed tunnels that Tehran has dubbed ‘Missile City.’ 

The 85-second clip, which has not been independently verified, is set to menacing music and suggests that the Iranian Revolutionary Guard Corps stands ready to respond to threats of an attack from the U.S. and Israel. 

‘Iran’s ballistic missile force remains the largest in the Middle East,’ said Behnam Taleblu, fellow at the Foundation for Defense of Democracies. ‘This is all part of the regime’s deterrent strategy to cement the idea of any conflict with Tehran being a costly and protracted one.’ 

The move comes as U.S. is bolstering its forces in the Middle East. Secretary of Defense Pete Hegseth recently sent a second aircraft carrier, the U.S. Navy’s USS Carl Vinson, to join the USS Harry S. Truman‘s carrier strike group, whose deployment was also extended. 

The U.S. also recently deployed two B-2 stealth bombers to the Diego Garcia base in the Indian Ocean, a warning to Iran and Yemen’s Houthi militia. The planes are capable of carrying 30,000-pound ‘bunker buster’ bombs and are now situated within range of Iran. 

Weeks ago, Trump wrote a letter to Iran urging the regime to engage in talks on its nuclear program. 

Kamal Kharazi, the top foreign policy adviser to Iran’s supreme leader, Ayatollah Ali Khamenei, said on Thursday that the regime would engage in ‘indirect’ talks, according to local news reports.

‘The Islamic Republic has not closed all the doors and is willing to begin indirect negotiations with the United States.’ 

‘Our policy is to not negotiate directly while there is maximum pressure policy and threats of military strikes,’ foreign minister Abbas Aragchi explained. ‘But indirect negotiations can take place as they have in the past.’

If talks falter, the U.S. and Israel have floated the possibility of targeted strikes on underground nuclear facilities. 

In recent weeks, the Trump administration launched a series of offensive attacks on the Houthis in Yemen to send a message to Tehran, which supports them. 

‘Let nobody be fooled! The hundreds of attacks being made by Houthi, the sinister mobsters and thugs based in Yemen, who are hated by the Yemeni people, all emanate from, and are created by, IRAN,’ Trump wrote on Truth Social at the time. 

‘Iran has played ‘the innocent victim’ of rogue terrorists from which they’ve lost control, but they haven’t lost control,’ he continued. ‘They’re dictating every move, giving them the weapons, supplying them with money and highly sophisticated Military equipment, and even, so-called, ‘Intelligence.” 

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A federal appeals court on Friday granted the Trump administration’s motion to extend a stay allowing the Department of Government Efficiency (DOGE) to continue operating at the United States Agency for International Development (USAID).

Last week, a federal judge in Maryland ruled efforts to halt USAID functions were likely unconstitutional, ordering its reinstatement.

A federal appeals court in Richmond, Virginia, on Tuesday issued a stay, temporarily blocking the judge’s order that prohibited DOGE from working with USAID. It also barred biopharmaceutical executive Jeremy Levin from leading the agency.

Friday’s decision extends the stay until the appeal is resolved.

A group of 26 unidentified current and former USAID employees or contractors alleged the Trump administration unlawfully canceled government contracts, placed USAID personnel on administrative leave, reduced the force of employees and contractors, closed the headquarters and took down the website, violating the U.S. Constitution’s appointments clause because Elon Musk acted as DOGE administrator without being properly appointed. 

They also claimed dismantling USAID infringed on Congress’ responsibilities, according to court documents.

The Trump administration fought the claims, alleging Musk acts as a senior advisor to the president, and actions at USAID were carried out by Secretary of State Marco Rubio as USAID’s acting administrator, who then designated Peter Marocco as deputy administrator. 

USAID subsequently, and in accordance with President Donald Trump’s executive order, established an internal DOGE team led by Lewin, according to court documents.

Actions the employees and contractors alleged were unconstitutional were within both agency discretion and the president’s authority to direct foreign policy, the administration argued.

The district court granted the employees and contractors’ requested preliminary injunction, blocking DOGE from operating at USAID, finding the administration ‘likely’ violated the Constitution, and the pause was in the public interest. 

It later clarified Lewin, who led the USAID DOGE team prior to the injunction, could no longer do his job as chief operating officer at USAID and declined to grant any modifications. 

The Trump administration appealed the district court’s preliminary injunction and the denial of its motion for clarification or modification. It also filed an emergency motion to stay the injunction pending the appeal.

U.S. Court of Appeals Circuit judges Arthur Marvin Quattlebaum Jr. and Judge Paul V. Niemeyer found Friday that Musk and DOGE ‘made a strong showing that they are likely to succeed on the merits of the appeal, that they will be irreparably injured absent the stay,’ according to court documents.

Further, Quattlebaum and Niemeyer found the stay ‘favors the public interest.’

The ruling marked the third temporary win Friday for the Trump administration at the federal appeals court level.

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President Donald Trump drew laughs from the press when one reporter asked him to define what a woman is. Trump was speaking at a news conference after Alina Habba, a longtime member of his team, was sworn-in as the U.S. Attorney for New Jersey. 

The reporter who asked the question first said that Trump had done ‘so much for women’ before listing women who have powerful roles in the Trump administration, including Chief of Staff Susie Wiles, Press Secretary Karoline Leavitt and Attorney General Pam Bondi. He then asked, ‘Since Democrats seemed to struggle answering this question, I want to ask you, what is a woman and why is it important that we understand the difference between men and women?’

The room quickly erupted in laughter as Trump said that the question was ‘easy’ to answer.

‘A woman is somebody, they can have a baby under certain circumstances. She has equality. A woman is a person who is much smarter than a man, I’ve always found. A woman is a person that doesn’t give a man even a chance of success,’ Trump said.

While the reporters in the room chuckled, Trump took the opportunity to take the question in a serious direction and addressed the issue of transgender athletes playing in women’s sports.

‘And a woman is a person that in many cases has been treated very badly. Because I think that what happens with this crazy, this crazy issue of men being able to play in women’s sports is just ridiculous and very unfair to women, and very demeaning to women,’ Trump said, shifting the tone of the news conference. 

Trump referenced a Democrat lawmaker, without naming who it was, fighting to keep transgender athletes in women’s sports. The president joked that he hopes Democrats keep arguing for the inclusion of trans athletes in women’s sports ‘because they’ll never win another election.’

The Trump administration has taken swift action in combating gender ideology. Trump signed an order specifically addressing the issue of trans athletes in women’s sports. The order, ‘Keeping Men Out of Women’s Sports,’ prohibits educational institutions that receive federal funds from allowing trans athletes to compete against women.

Additionally, Trump signed an executive order titled ‘Defending Women from Gender Ideology Extremism and Restoring Biological Truth to the Federal Government.’ This order made it official policy that the U.S. government only recognizes two genders: male and female.

The U.S. Department of Education recently took action on this issue and launched an investigation of the California Department of Education over alleged violations of the Family Educational Rights Privacy Act (FERPA) after a new California law went into effect that bars schools from disclosing a child’s ‘gender identity’ to their parents. 

California Gov. Gavin Newsom spokesperson Elana Ross told Fox News Digital in a statement Thursday, ‘Parents continue to have full, guaranteed access to their student’s education records, as required by federal law.’

As Trump concluded his answer to the question, he said, ‘Women are, basically, incredible people, do so much for our country. And we love our women and we’re going to take care of our women.’

Fox News Digital’s Jamie Joseph contributed to this article.

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President Donald Trump has insisted the U.S. needs to ‘get’ Greenland, ‘one way or another.’ But it’s not the first time U.S. leaders have had their eyes on the icy, sprawling island.

Located in the middle of contested waters between the U.S., Russia and Western Europe, Greenland is situated at a point that could protect the North Atlantic passage from Russian ships and submarines. It was a key military vantage point during the Cold War, and President Harry Truman offered to buy Greenland from the Danes in 1946. 

The island is also a transfer point for communication cables that cross the Atlantic. European officials claim Russian ‘ghost ships’ have been destroying such cables by dropping their anchors and dragging them across the ocean floor.

Greater control over the island would not only offer the U.S. the shortest ship route to Europe but also the opportunity to bolster its ballistic missile early warning system and place radar on the ocean floor to track the movements of Russian and Chinese ships.

The island rests on top of lucrative supplies of critical and rare earth minerals, such as cobalt, nickel, uranium and iron — materials that are essential to electric vehicles, medical equipment, electronics, batteries and advanced defense systems. 

The U.S. was once a top producer of rare earth minerals, but has been knocked off by China. China currently dominates the global supply chain with access to 60% of the world’s supply, but Greenland could be a ‘game changer,’ according to national security attorney Irina Tsukerman.

‘Their total resources of these rare earths could be greater than what China has,’ she told Fox News Digital.

Vice President JD Vance, second lady Usha Vance, national security advisor Mike Waltz and Energy Secretary Chris Wright, along with Sen. Mike Lee, R-Utah, visited Greenland on Friday. 

‘Our message to Denmark is very simple: you have not done a good job by the people of Greenland,’ the vice president remarked on the trip. 

‘You underinvested in the people of Greenland, and you’ve underinvested in the security architecture of this incredible, all-beautiful landmass filled with incredible people. That has to change and because it hasn’t changed, this is why President Trump’s policy in Greenland is what it is.’

Greenland is estimated to have the world’s eighth-largest reserve of rare earths, just behind the U.S. But its minerals have proven difficult to access — 80% of the island’s surface is covered in thick sheets of ice. The island also has lots of red tape: strict environmental and social impact requirements mean the permitting process takes time. 

The nation’s economy is currently built on fishing and welfare: Denmark offers around $700 million each year, nearly half of Greenland’s budget. 

The U.S. has dangled ‘billions’ in investment to mine minerals in Greenland as part of an effort to reduce its reliance on China, though China has already had a limited involvement in mining projects there. 

‘China is more concerned about access to the Arctic than those minerals,’ said Tsukerman. 

‘China has focused its mineral efforts on Africa, where it is indeed far ahead of the U.S. Russia has been focused on the Arctic,’ she continued. ‘There’s been growing talks about increasing NATO presence in the area to deter Russian and Chinese vessels from entering.’

There’s oil and gas, too, but in 2021 Greenland passed a ban on all future oil and gas exploration and extraction. 

As the ice caps continue to melt, the waters around Greenland are becoming more and more navigable — meaning ships traveling from Asia and Europe can sail polar routes and avoid heading south to the Panama and Suez canals. 

U.S. and Danish defenses on the island have become outdated, just as Russia is refurbishing its own Arctic ports. Greenland once hosted dozens of U.S. bases and outposts, but today hosts just one: Pituffik Space Force Base. Once home to around 10,000 U.S. troops, just around 200 are deployed there now. 

‘We need Greenland for international safety and security. We need it. We have to have it,’ Trump said in an interview on Wednesday.

The territory largely opposes the idea of joining the U.S. 

In response to Trump’s threats to take Greenland, Denmark announced a $2 billion investment in defense on the island in January. 

Denmark’s defense intelligence service has determined Greenland to be ‘a priority for Russia, and it will demonstrate its power through aggressive and threatening behavior, which will carry along with it a greater risk of escalation than ever before in the Arctic.’

‘We have not invested enough in the Arctic for many years,’ Danish Defense Minister Troels Lund Poulsen admitted recently. ‘Now we are planning a stronger presence.’

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President Donald Trump’s continued criticism of Germany’s failure to pay its defense bills looks to have pushed one of Europe’s wealthiest nations into action. 

The president’s criticism of Berlin has compelled Germany to increase funding for its military forces and infrastructure, which critics say are in a bad state of affairs.

Richard Grenell, U.S. Ambassador to Germany during the first Trump administration, told Fox News Digital ‘multiple German leaders ignored the warnings from President Trump that Russia was using energy as a weapon against them. 

‘The war in Ukraine and the invasion of Putin showed the new German leadership that Donald Trump was absolutely right about Germany feeding the beast that ultimately turned on them.’

Trump appointed Grenell as presidential envoy for ‘special missions’ in December.

In 2018, Trump rebuked Germany’s addiction to Russian gas, according to observers of German-U.S. relations. He told the U.N. General Assembly that ‘Germany will become totally dependent on Russian energy if it does not immediately change course. Here in the Western Hemisphere, we are committed to maintaining our independence from the encroachment of expansionist foreign powers.’

During his remarks, the camera panned to Germany’s delegation to the U.N. in 2018, including its then-U.N. Ambassador, Christoph Heusgen, and former Foreign Minister Heiko Maas, who all seemingly laughed and smiled at Trump. 

However, those smirks soon turned into raw anxiety, when four years later, in 2022, Russian President Vladimir Putin invaded Ukraine and Germany scrambled for a way to wean itself off Russian gas to avoid helping reward Putin.

Matthew Kroenig, director of the Atlantic Council’s Scowcroft Center for Strategy and Security, told Fox News Digital, ‘Every U.S. presidential administration since Eisenhower has complained about European free riding, but asking ‘pretty please’ has not worked. Trump’s tough rhetoric is achieving results that eluded his predecessors.

‘The Trump effect is in part due to Trump raising NATO burden sharing to the very top of the transatlantic security agenda and in part due to genuine fears that Washington could abandon NATO and Europe would need to fend for itself.’

After Trump and Grenell helped to cajole the Germans out of their security slumber, Berllin reached the NATO goal of spending 2% of gross domestic product spending in 2024. This was the first time Berlin reached 2% since 1991, the end of the Cold War. 

Trump, however, called for Germany to spend 5% on defense because, he argues, the U.S. is contributing significant resources to protect the central European country.

The frustration with Germany and other European allies was captured in text messages reported between Secretary of Defense Pete Hegseth and Vice President JD Vance. 

‘I fully share your loathing of European free-loading. It’s PATHETIC,’ Hegseth said in response to Vance, who questioned U.S. leadership in advancing security policies in the Red Sea to counter Houthi aggression and reopen shipping lanes. 

Germany’s export trade greatly benefits from free navigation in the Middle East, but it refuses to aid the U.S. in stopping the Iran-backed Houthi terrorist movement via military strikes. Europe and Germany are unwilling to follow Trump’s lead and sanction the Houthis as a terrorist entity.

The so-called Trump Effect has also affected the German parliament’s decision to relax restrictions on debt so it can pump funds into its military superstructure.  

The likely new German chancellor, Friedrich Merz of the conservative Christian Democratic Union party, said he would do ‘whatever it takes’ to rebuild Germany’s frail military. Berlin’s mainstream parties aim to invest hundreds of billions of euros in defense and infrastructure. Germany’s armed forces (Bundeswehr) are, according to reportsin a state of disarray, with a mere 181,174 soldiers at the end of last year. Germany’s Defense Ministry seeks to expand its armed forces to 203,000 by 2031.

Recruitment remains an ongoing challenge within a population raised on pacifism. After Germany started two World Wars in the last century, Germany’s power politics stressed the role of multilateral institutions like the U.N. and diplomacy in remedying conflicts.

The Associated Press recently reported that Germany’s parliamentary commissioner for the armed forces, Eva Högl, said, ‘The biggest problem is boredom. She added ‘If young people have nothing to do, if there isn’t enough equipment and there aren’t enough trainers, if the rooms aren’t reasonably clean and orderly, that deters people, and it makes the Bundeswehr unattractive.’

In an interview earlier this month with German news outlet WELT, the German historian Michael Wolffsohn, who taught atthe Bundeswehr University Munich, said of Germany and Western Europe’s failure over the decades to address its severe defense deficits, ‘Now we get the receipt for everything we neglected.’

Fox News Digital sent a detailed press query to the German Foreign Ministry about Trump’s criticism that Berlin has chronically underinvested in defense and remained wedded to Putin’s gas supply after his warnings.

Fox News’ Caitlin McFall contributed to this report.

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Robinhood CEO Vlad Tenev is betting that by rolling out a large enough portfolio of digital investment products, more consumers will be willing to pay a monthly subscription for its product suite.

Subscribers to Robinhood Gold pay $5 a month or $50 a year for perks like 4% interest on uninvested cash, access to professional research, and no interest on the first $1,000 of margin borrowed.

Now the company is adding wealth management features called Robinhood Strategies, which offers curated access to exchange-traded fund portfolios and mixes of handpicked stocks. The service, available to Gold Subscribers, carries a 0.25% annual management fee, capped at $250.

Robinhood also said this week that with its new Robinhood Banking offering, Gold subscribers will get private banking services with tax advice and estate planning tools, perks like access to private jet travel, five-star hotels and tickets to Coachella, and 4% interest on savings accounts. Customers will also soon be able to get cash delivered to their doorstep, saving them a trip to the ATM, though few details were provided.

Tenev told CNBC in an interview that Robinhood’s subscription service could be similar to what users get from Amazon Prime or Costco membership, where their monthly fee feels justified by the quality and quantity of the perks, which keep them coming back.

“My philosophy behind it is subscriptions are about loyalty,” Tenev said. “So if you’re a subscriber to something, then that service is sort of the first in mind when you think about trying something else from that category.”

Tenev said that in financial services, loyalty is particularly important because it’s “equivalent to wallet share.”

Tenev said the number of subscribers increased from about 1.5 million a year ago to 3.2 million today, adding that it’s a “nine-figure business,” meaning at least $100 million in annual revenue.

Robinhood grew in popularity among younger investors by making it easy to buy and hold fractional shares in companies using a simple mobile app, and then moving into crypto. Tenev said on Thursday that over the longer term, Robinhood wants to be “the place where you can buy, sell, trade, hold any financial asset, conduct any financial transaction.”

Robinhood shares are up 19% this year after almost tripling in 2024, when crypto prices soared.

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