Author

admin

Browsing

‘Not for distribution to United States newswire services or for dissemination in the United States.’

Forte Minerals Corp . ( ‘ Forte ‘ or the ‘ Company ‘ ) ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ), intends to complete a non-brokered private placement (the ‘Offering’) to raise up to C$2,400,000 for drilling and exploration programs on the Company’s Peruvian projects and for general working capital, all as further outlined below.

The Offering involves the sale of up to 6,000,000 units (each a ‘Unit’) at a price of $0.40 per Unit.

Unit Terms:

  • Each Unit: one common share and one-half of one common share purchase warrant
  • Warrant: each whole warrant exercisable for one common share at C$0.60 until the date that is 24 months from the closing of the Offering, provided the warrants are subject to accelerated exercise such that if the closing price of the Company’s common shares exceeds C$0.90 per share for a period of 20 consecutive trading days, the Company may give notice of the acceleration of the warrants’ term to a period of 30 days following such notice.

All securities issued will be subject to a statutory four-month-plus-one-day hold period in accordance with applicable Canadian securities laws. Additional restrictions may apply pursuant to the Securities Act of 1933, as amended, to U.S. investors, if any.

Use of Proceeds:

  • Pucarini: Inaugural five-hole drill program for total of 1750m scheduled to start this July 2025.
  • Esperanza : MT Survey
  • Alto Ruri : DIA Drill Permitting and Community Agreements, surface exploration work including follow-up alteration and geological mapping, geochemical sampling, spectral analysis, IP and CSMAT.
  • General working capital

Finder’s fees may be paid to eligible persons in connection with the Offering, subject to the policies of the CSE.

The Company, at its discretion, reserves the right to increase the size of the Offering by up to $300,000.00 through the sale of 750,000 additional Units, for an aggregate Offering not exceeding $2,700,000.

We appreciate our shareholders’ continued confidence,’ stated Patrick Elliott, President and CE O. ‘This financing positions us to drill test a high sulphidation system that’s never been drilled and to unlock the value of Alto Ruri, Esperanza and Miscanthus .’

The Offering is expected to close on or before June 15, 2025, subject to customary conditions, including the receipt of all required regulatory approvals .

ABOUT Forte Minerals CORP.

Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper (‘ Cu ‘) and gold (‘ Au ‘) assets in Perú. Our strategic partnership with GlobeTrotters Resources Perú S.A.C. (‘ GTR ‘) grants us access to a comprehensive project pipeline, enabling us to target the most promising opportunities. This collaboration focuses on historically discovered, drill-ready targets, driving significant value in Cu and Au resource development.

On behalf of  Forte Minerals CORP.
(signed) ‘ Patrick Elliott’
Chief Executive Officer

For further information, please contact:
Forte Minerals Corp.
office: (604) 983-8847
info@forteminerals.co m
www.forteminerals.com

Certain statements included in this press release constitute forward-looking information or statements (collectively, ‘forward-looking statements’), including those identified by the expressions ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘should’ and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under ‘Risk Factors and Uncertainties’ in the Company’s latest management’s discussion and analysis, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca, and in other filings that the Company has made and may make with applicable securities authorities in the future.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither the Canadian Securities Exchange (the ‘CSE’) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from Precious Metals & Critical Minerals Hybrid Virtual Investor Conference held May 22 nd are now available for online viewing.

VIEW PRESENTATIONS HERE

The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download
investor materials from the company’s resource section.

May 22 nd

Presentation Ticker(s)
Keynote Presentation: ‘What’s next for precious metals?’
-Jeff Christian, Managing Partner of CPM Group
Viva Gold Corp. (OTCQB: VAUCF | TSXV: VAU)
StrikePoint Gold, Inc. (OTCQB: STKXF | TSXV: SKP)
Honey Badger Silver Inc. (OTCQB: HBEIF | TSXV: TUF)
Relevant Gold Corp. (OTCQB: RGCCF | TSXV: RGC)
Keynote Presentation: ‘Surveying the Critical Metals Landscape,’
–Jack Lifton, Senior Advisor, Energy Fuels, Inc.
Azimut Exploration Inc. (OTCQX: AZMTF | TSXV: AZM)
Energy Fuels Inc. (NYSE American: UUUU | TSX: EFR)
Lion Copper & Gold Corp. (OTCQB: LCGMF | CSE: LEO)
Alaska Silver Corp. (Pink: WAMFF |TSXV: WAM)
Cygnus Metals Ltd. (OTCQB: CYGGF |TSXV: CYG |ASX: CY5)
Power Metallic Mines, Inc. (OTCQB: PNPNF |TSXV: PNPN)

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .

About Virtual Investor Conferences ®

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

Media Contact:  
OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

Virtual Investor Conferences Contact:
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (May 23) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$110,637 as markets closed, down 2.4 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$108,334 and a new all-time high of US$111,814.

Bitcoin performance, May 23, 2025.

Chart via TradingView.

Ethereum (ETH) finished the trading day at US$2,659.55, a 3.5 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$2,541.09 and saw a daily high of US$2,720.92.

Altcoin price update

  • Solana (SOL) closed at US$179.09, down 0.5 percent over 24 hours. SOL experienced a low of US$176.13 and a high of US$186.92.
  • XRP is trading at US$2.43, reflecting a 3.0 percent decrease over 24 hours. The cryptocurrency reached a daily low of US$2.34 and a high of US$2.47.
  • Sui (SUI) is priced at US$3.83, showing a decreaseof 5.0 percent over the past 24 hours. It achieved a daily low of US$3.62 and a high of US$3.96.
  • Cardano (ADA) is trading at US$0.7973, down 3.2 percent over the past 24 hours. Its lowest price of the day was US$0.7717, and it reached a high of US$0.8341.

Today’s crypto news to know

Bitcoin price blasts past US$111,000

Bitcoin soared to a new all-time high of US$111,980 this week, extending its bull run on the back of rising institutional demand and increasingly vocal political support from Donald Trump.

The rally came as Trump hosted a private dinner at his Virginia golf club for top holders of his $TRUMP memecoin, an event that underscored his pivot to becoming crypto’s most visible political backer.

Analysts pointed to surging interest from entities like Strategy (formerly MicroStrategy), which just filed to sell US$2.1 billion in stock to buy more Bitcoin, as a key driver.

The rally is also fueled by expectations of clearer crypto regulation, with the Senate advancing a pro-stablecoin bill that Trump allies have framed as a pro-growth measure.

Major US banks bill unified Stablecoin

Several of the biggest US banks — including JPMorgan, Wells Fargo, Bank of America, and Citigroup — are in early discussions to jointly launch a stablecoin, according to a new Wall Street Journal report.

The goal: to create a financial instrument that can keep pace with crypto-native payment systems and prevent a further shift away from traditional finance.

Industry insiders say payment infrastructure arms like Zelle’s operator, Early Warning Services, and The Clearing House are also involved in talks. The stablecoin would likely be dollar-pegged and open to broader banking adoption beyond the founding consortium, reflecting a desire to modernize settlement rails and attract fintech interest.

The move comes as the GENIUS Act gains momentum in the US Senate, laying the groundwork for a formal regulatory framework around stablecoins.

Sun praises Trump at dinner, calls memecoins ‘underrated’

Justin Sun, once under legal siege during the Biden administration, was front and center at Donald Trump’s exclusive dinner for TRUMP memecoin whales — using the moment to declare a new era for crypto in the US.

In an interview after the event, Sun pushed back against critics who accused the memecoin gathering of being a crypto-access-for-cash scheme, saying skeptics are missing the big picture.

Sun has been a key figure in Trump’s crypto orbit since late last year, reportedly investing up to US$75 million in Trump-affiliated crypto projects, including World Liberty Financial tokens.

Legal issues still follow Sun — including an ongoing DOJ investigation — but his comments make clear that the crypto industry sees Trump’s administration as a major opening.

Ember Sword becomes latest Web3 game casualty amid market slump

Ethereum-based MMORPG Ember Sword has shut down its development, citing an inability to raise sufficient funding despite a previously strong start and multimillion-dollar NFT land sales.

The studio behind the game posted a farewell note to supporters, saying that even with early access launched and high-profile advisors onboard, current market conditions were too harsh to sustain the project.

The team had switched platforms multiple times — from Polygon to Immutable X and later to Mantle — in search of better scalability, but the moves weren’t enough to keep the dream alive.

Ember Sword joins a growing list of web3 gaming failures this year, including Deadrop and Tatsumeeko, as investor appetite for blockchain games cools significantly. The game’s token, EMBER, has lost over 99 percent of its value from its peak, now trading at a mere US$0.00047.

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

This post appeared first on investingnews.com

Josef Schachter of the Schachter Energy Report shares his updated outlook for oil and natural gas.

He sees a buy window potentially opening for stocks in June, and also believes oil prices are due to rise.

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

This post appeared first on investingnews.com

It was a slow start to the week for gold, but it didn’t take long for the price to pick up.

The yellow metal began the period at the US$3,220 per ounce level, but was gaining steam by Tuesday (May 20), briefly breaking US$3,300. Gold continued higher the next day, and after pulling back briefly on Thursday (May 22) was able to finish the week strong, changing hands at the US$3,360 level.

Bond market turmoil is one factor that’s been influencing gold’s price movements.

A Wednesday (May 21) auction of 20-year bonds was poorly received, with yields surging past 5.1 percent to reach the highest level seen since November 2023. Yields for 10-year and 30-year bonds were also on the rise, with the latter nearing a two-decade high as stocks and the dollar took hits.

The upheaval in bonds came on the back of US President Donald Trump’s efforts to get the One Big Beautiful Bill through the House. Slowing the passage of the wide-ranging domestic policy package were concerns that Trump’s plan to cut taxes would significantly increase US debt.

‘Make no mistake, the bond market will have its own vote on the terms of the budget bill. It doesn’t seem this president or this Congress is actually going to meaningfully reduce the deficit’ — George Catrambone, DWS Americas

Last week’s downgrade of US debt from Moody’s (NYSE:MCO) also didn’t help bonds. The agency bumped its rating down from AAA, its highest ranking, to AA1, which is one step lower. It expects even larger deficits in the US in the coming decade as government revenue stays flat and entitlement spending rises.

The One Big Beautiful Bill ultimately passed on Thursday by a very slim margin, receiving 215 votes in favor and 214 against. It will now proceed to the Senate, where it may face further obstacles.

Contained in the bill are tax cut extensions for both individuals and corporations, as well as provisions for removing taxes on tips and overtime. Among other points, it also allows for tax deductions on American-made vehicles, and offers ‘Trump savings accounts’ for newborns. It cuts funding to initiatives like Medicaid and the Supplemental Nutrition Assistance Program, better known as SNAP.

Preliminary analysis from the Congressional Budget Office, which is a nonpartisan organization, suggests that the bill will increase the federal deficit by US$3.8 trillion during the 2026 to 2034 period.

Bullet briefing — Trump signs nuclear orders, ECB issues gold warning

Trump executive orders boost uranium stocks

The uranium sector got a boost on Friday (May 23) after Trump signed several executive orders geared at overhauling the country’s Nuclear Regulatory Commission and speeding up nuclear reactor deployment.

‘It’s a hot industry. It’s a brilliant industry. You have to do it right,’ Trump told reporters about the nuclear energy sector. The executive orders also focus on power up US uranium mining and enrichment, and will allow nuclear reactors to be built on federal land.

The news sent uranium stocks powering higher, with sector major Cameco (TSX:CCO,NYSE:CCJ) closing the day up 10.04 percent at C$80.55. Denison Mines (TSX:DML,NYSEAMERICAN:DNN) and Uranium Energy (NYSEAMERICAN:UEC) saw even larger gains of 13.49 percent and 25 percent, respectively.

The Sprott Uranium Miners ETF (ARCA:URNM) finished up 12.14 percent.

Gold a threat to financial stability?

A note from the European Central Bank (ECB) turned heads this week with the suggestion that certain dynamics could make the gold market a threat to financial stability. Here’s a key excerpt from the report:

While gold prices are driven by many factors, investors showed high demand for gold as a safe haven asset and, at the beginning of 2025, a notable preference for gold futures contracts to be settled physically. These dynamics hint at investors’ expectations that geopolitical risks and policy uncertainty could remain elevated or even intensify in the foreseeable future. Should extreme events materialise, there could be adverse effects on financial stability arising from gold markets.

The full ECB report is definitely worth a read if you have the time.

China’s April gold imports surge

Gold’s high price hasn’t deterred buyers in China — new customs data from the country shows that April imports clocked in at 127.5 metric tons, an 11 month high.

That’s also a 73 percent increase from the previous month, according to Bloomberg. The news outlet notes that China’s central bank controls the flow of gold in and out of the country, so the strong increase is likely the result of fresh quotas given to some commercial banks.

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

This post appeared first on investingnews.com

NEWYou can now listen to Fox News articles!

In his famed 1953 ‘Atoms for Peace’ speech, President Eisenhower proclaimed that ‘the United States knows that peaceful power from atomic energy is no dream of the future.’ That dream was soon realized, as America built more than one hundred reactors over the next twenty-five years. But today, the promise of nuclear energy and innovation does indeed seem like a dream of the future.

Through a series of executive orders signed this week, President Trump is taking action to usher in an American nuclear renaissance. For the first time in many years, America has a path forward for quickly and safely testing advanced nuclear reactor designs, constructing new nuclear reactors at scale, and building a strong domestic nuclear industrial base.

Our stagnation was not for a lack of ingenuity or desire to innovate among America’s great scientists and technologists. By the end of the 1970s, dozens of nuclear reactors were planned or under construction. In the past 30 years, however, only three commercial nuclear reactors have been built, and many more have been shuttered. We know America can accomplish great feats in nuclear energy, so what happened?

In the wake of the Three Mile Island accident in 1979, public opinion began to sour on nuclear energy, and the effects of a decade of new federal bureaucracies began to set in. Overly burdensome regulations stifled our ability to even test, let alone deploy, new nuclear technologies. The Nuclear Regulatory Commission (NRC) set the gold standard for safety regulation when it was established in 1975, but it soon transformed into a lead curtain for innovation. Onerous environmental requirements and long, uncertain regulatory timelines have killed industry’s willingness to fund new technologies.

Similarly, the Department of Defense (DOD) and the Department of Energy’s (DOE) National Labs—which once led the world in the development and demonstration of advanced nuclear technologies—shuttered nuclear development programs, shifting focus to other priorities.  All but three of fifty-two reactors at Idaho National Laboratory have been decommissioned, and it has been almost half a century since the Army Nuclear Power Program was shut down. These decisions eroded our domestic nuclear supply chain, undermined our national security, and left us having to relearn what we once pioneered.

President Trump wisely recognizes that the time is ripe for an American nuclear renaissance and is acting to deliver on the promise of nuclear energy for the American people. Across the country, American entrepreneurs and engineers are launching a new generation of nuclear companies featuring innovative reactor designs and scalable manufacturing techniques that can make nuclear safe, efficient, and economic. The Trump Administration will clear their path by dismantling outdated barriers that previous administrations had put up in their way.

Today, nuclear power plants provide approximately 19% of the electricity generated in the United States, more than solar and wind combined. That is reliable and affordable electricity for the American people, and it could and should be even more.

Today, nuclear power plants provide approximately 19% of the electricity generated in the United States, more than solar and wind combined. That is reliable and affordable electricity for the American people, and it could and should be even more. The Trump Administration is setting the goal of expanding American nuclear energy capacity from 100 GW today to 400 GW by 2050. This week’s executive actions will help us reach that goal in four ways.

First, we are going to fully leverage our DOE national laboratories to increase the speed with which we test new nuclear reactor designs. There is a big difference between a paper reactor and a practical reactor. The only way to bridge that gap—understanding the challenges that must be surmounted to bring reactors to the market, and building public trust in their deployment—is to test and evaluate demonstration reactors. 

Second, for our national and economic security, we are going to leverage the Departments of Defense and Energy to build nuclear reactors on federally owned land. This will support critical national security needs which require reliable, high-density power sources that are invulnerable to external threats or grid failures.

Third, to lower regulatory burdens and shorten licensing timelines, we are asking the NRC to undergo broad cultural change and regulatory reform, requiring a decision on a reactor license to be issued within 18 months. This will reduce regulatory uncertainty while maintaining nuclear safety. We will also reconsider the use of radiation limits that are not science based, impossible to achieve, and do not increase the safety of the American people. 

Fourth, we will be supporting our domestic nuclear industrial base across the nuclear fuel cycle.  The President has called for industry to start mining and enriching uranium in America again, as well as an expansion of domestic uranium conversion capacity as well as enrichment capabilities to meet projected civilian and defense reactor needs.

When President Eisenhower spoke about nuclear potential over 70 years ago, he expressed no doubt that the world’s best scientists and engineers, if empowered to ‘test and develop their ideas,’ could turn nuclear energy into a ‘universal, efficient, and economic’ source of power. In 2025, we have only to believe in American technologists, and give them the chance to build, to turn nuclear power into energy dominance and national security for all.

This post appeared first on FOX NEWS

President Donald Trump and Secretary of State Marco Rubio are continuing to overhaul the National Security Council and shift its main functions to other agencies like the State and Defense departments. 

The latest efforts to slim down a federal agency come weeks after Trump announced former National Security Advisor Mike Waltz would depart his post at the White House overseeing the agency and serve as UN ambassador. Waltz himself began the streamlining process in January, when, in one of his first moves as Trump’s national security adviser, he ordered 160 NSC staffers off the job pending a comprehensive review of the agency’s alignment with Trump’s agenda.

The current plans to upend the agency would include whittling down the size of the National Security Council, which the Trump White House believes is full of long-term, bureaucratic staffers who don’t align with Trump’s agenda. 

Additionally, the restructuring will move Andy Barker, national security advisor to Vice President JD Vance, and Robert Gabriel, assistant to the president for policy, into roles serving as deputy national security advisors. 

Axios was the first to report the Trump administration’s restructuring plans. A White House official confirmed Axios’ reporting to Fox News Digital. 

A White House official involved in the planning said Trump and Rubio are driving the change in an attempt to target Washington’s so-called ‘Deep State.’ 

‘The NSC is the ultimate Deep State. It’s Marco vs. the Deep State. We’re gutting the Deep State,’ a White House official told Axios. 

 

The National Security Council is located within the White House and provides the president guidance on national security, military and foreign affairs matters. 

Waltz’s departure from the agency followed his involvement with other administration officials, like Defense Secretary Pete Hegseth, in the Signal chat controversy over strike plans against the Houthis in March.

But Waltz had been focused early in his short tenure on the issue of what the Trump administration considers ‘deep state’ infiltration of the agency. The former Green Beret and Florida congressman was especially concerned about Biden administration political appointees and holdovers assigned to the NSC from other agencies. 

Since Waltz’s departure earlier this month, Rubio has taken on the role of national security advisor. That’s in addition to leading the State Department and serving as acting archivist and acting administrator of the U.S. Agency for International Development, which the administration is aiming to dismantle this year. 

Fox News Digital was the first to report that the State Department planned to absorb the remaining operations and programs USAID runs so it would no longer function as an independent agency. The move requires cutting thousands of staff members in an attempt to bolster the efficiency of the existing, ‘life-saving’ foreign assistance programs, according to a State Department memo Fox News Digital obtained. 

Fox News’ Emma Colton contributed to this report. 

This post appeared first on FOX NEWS

Satellite imagery captured what remained of a mangled 5,000-ton North Korean naval destroyer damaged during its launch ceremony this week, leaving the country’s dictator distraught. 

A photo captured by Maxar Technologies of the northeastern port of Chongjin, shows the ship apparently twisted and lying on its side, partly lodged on a launch slip and partly submerged in water. 

The secretive communist nation covered the would-be warship with a blue tarp.

Mexar Technologies also snapped a satellite photo of the ship before the launch, looking pristine as it prepared for its first voyage. 

But that voyage was put on hold after a flatcar guiding the ship failed to move during the launch, throwing the warship off balance and crushing parts of its bottom before its stern eventually slid down the launch slipway into the water, state media reported.

North Korean dictator Kim Jong Un was reportedly fuming over the botched launch, which was intended to show the nation’s military might but instead became an embarrassment on the world stage. 

State media also reported on Kim’s fury. 

He reportedly blamed military officials, scientists and shipyard operators for a ‘serious accident and criminal act caused by absolute carelessness, irresponsibility and unscientific empiricism.’ 

The extent of the damage to the destroyer is unclear, though Kim demanded that repairs be completed before the communist Working Party’s meeting in June.

The dictator, known for his brutality as much as his secrecy, ominously warned that during that meeting, mistakes caused by the ‘irresponsibility of the relevant officials’ would be investigated. 

Under Kim’s rule, North Korea has been focused on building an arsenal of military weapons in what it regards as a response to western aggression. 

In March, Kim personally oversaw tests of AI-powered suicide drones, unmanned exploding drones that can be used to launch an attack without putting the attackers’ lives in danger. He reportedly called for an increase in production of those drones. 

He also recently claimed the country was in the process of building a nuclear submarine. 

In its first real showing of military force since the Korean War in the 1950s, an estimated 15,000 troops were sent to Russia to fight alongside the fellow communist nation in its war against Ukraine. 

South Korea claimed in late April that 600 of those troops had been killed. 

This post appeared first on FOX NEWS

President Donald Trump and Secretary of State Marco Rubio are spearheading plans to overhaul the National Security Council and shift its main functions to other agencies like the State and Defense departments. 

The move is the latest effort to slim down a federal agency and comes weeks after Trump announced former National Security Advisor Mike Waltz would depart his post at the White House overseeing the agency. 

Trump announced the same day that Waltz was nominated to serve as United Nations ambassador. 

The plans to upend the agency would include whittling down the size of the National Security Council, which the Trump White House believes is full of long-term, bureaucratic staffers who don’t align with Trump’s agenda. 

Additionally, the restructuring will move Andy Barker, national security advisor to Vice President JD Vance, and Robert Gabriel, assistant to the president for policy, into roles serving as deputy national security advisors. 

Axios was the first to report the Trump administration’s restructuring plans. A White House official confirmed Axios’ reporting to Fox News Digital. 

A White House official involved in the planning said Trump and Rubio are driving the change in an attempt to target Washington’s so-called ‘Deep State.’ 

‘The NSC is the ultimate Deep State. It’s Marco vs. the Deep State. We’re gutting the Deep State,’ a White House official told Axios. 

 

The National Security Council is located within the the White House and provides the president guidance on national security, military and foreign affairs matters. 

Waltz’s departure from the agency followed his involvement with other administration officials, like Defense Secretary Pete Hegseth, in the Signal chat controversy over strike plans against the Houthis in March.

Since Waltz’s departure earlier this month, Rubio has taken on the role of national security advisor. That’s in addition to leading the State Department and serving as acting archivist and acting administrator of the U.S. Agency for International Development, which the administration is aiming to dismantle this year. 

Fox News Digital was the first to report that the State Department planned to absorb the remaining operations and programs USAID runs so it would no longer function as an independent agency. The move requires cutting thousands of staff members in an attempt to bolster the efficiency of the existing, ‘life-saving’ foreign assistance programs, according to a State Department memo Fox News Digital obtained. 

Fox News’ Emma Colton contributed to this report. 

This post appeared first on FOX NEWS

President Donald Trump signed several executive orders (EOs) on nuclear energy proliferation and an order removing political considerations from public-sector science, as conservatives claimed the latter was scandalized in its response to the COVID-19 pandemic.

Trump also signed restoring ‘gold standard science’ as the cornerstone of federal research. 

A senior White House official said on Friday there has been a decline in ‘disruptive research’ and investments in biomedical research, along with ‘serious cases’ of fraud and misconduct and the inability to reproduce scientific methods for the purpose of restoring public trust.

The official also blamed policy responses to the COVID-19 pandemic and ‘woke DEI initiatives’ for endangering the public’s trust in government scientists.

Now-retired NIAID Director Dr. Anthony Fauci was repeatedly denounced for flip-flopping and obfuscating during his time engineering the federal response to COVID-19, leading many particularly on the right to disregard and dismiss the legitimacy of federal health authorities outright.

That order cites the fact the Biden administration included political edits from teachers unions in school-reopening guidance, instead of leading with any scientific evidence.

The order will enforce ‘gold standard science,’ defined as reproducible, transparent and falsifiable – as well as being subject to peer review and making sure that scientists are not discouraged from discovering outcomes that run counter to a narrative.

In terms of nuclear energy, one order will reform nuclear R&D at the Energy Department, accelerate reactor testing at national labs and establish a pilot program for new construction.

Energy Secretary Chris Wright previously told Fox News Digital that revitalizing and highlighting the work of U.S. national labs is paramount to his agenda.

In a move that appears to support Wright’s push for nuclear power, Trump will sign an order aimed at advancing new reactor construction on public lands.

A senior White House official cited the importance of that type of reliable power-source for critical defense facilities and AI data centers.

Another order being signed Friday will overhaul the Nuclear Regulatory Commission (NRC) to require it to rule on reactor license applications within 18 months.

Only two new nuclear reactors have begun construction and entered into commercial operation since the Carter administration.

A typically risk-averse culture that requires, for example, nuclear facilities to emit as little radiation as possible, including below naturally-occurring levels, which critics said has hindered the NRC from licensing new reactors as technology begets safer and cheaper means of production.

The orders will also seek to raise nuclear energy capacity from 100 gigawatts (GW) to 400 GW within 25 years.

Another order will establish a vision to mine and enrich uranium within the U.S., decreasing another avenue of foreign reliance – and ‘reinvigorate’ the nuclear fuel cycle.

‘That means America will start mining and enriching uranium and expanding domestic uranium conversion and enrichment capacity,’ a senior White House official said.

Trump is expected to leverage the Defense Production Act – which last helped secure COVID-19 paraphernalia like masks and ventilators – to seek agreements with domestic nuclear energy companies for the procurement of enriched uranium, as well as finding ways to manage spent nuke fuel. 

Nuclear energy, the White House said in the order, ‘is necessary to power the next generation technologies that secure our global industrial, digital, and economic dominance, achieve energy independence, and protect our national security.’

This post appeared first on FOX NEWS