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It was supposed to be the moment US President Donald Trump’s vision of bringing peace to the Middle East by redeveloping the war-torn Gaza strip into “Riviera” style premium housing and permanently relocating its more than 2 million residents finally got a reality check.

Instead, it was the moment the true scale of the challenge facing America’s Arab allies became clear.

When King Abullah II of Jordan met Trump at the Oval Office on Tuesday, there were widespread expectations that his visit – as the first Arab leader to meet the US president since his reelection – might help to rein in some of the more far-fetched elements of Trump’s vision. (To recap, Trump apparently envisions the US taking control of the territory, rehoming millions of Palestinian refugees in Jordan and Egypt, replacing the rubble of Gaza with glass towers with Mediterranean views and inviting “the world’s people” to move in.)

But it became clear almost as soon as Trump began talking at their joint press conference that he had no intention whatsoever of softening his proposal.

“I believe we will have a parcel of land in Jordan, a parcel of land in Egypt, we may have some place else but I think when we finish our talks we’ll have a place where they’ll live very happily,” Trump said, before brushing aside questions about what authority the US might wield to take control of the Palestinian enclave.

The embarrassment to King Abdullah, whose eyes twitched extensively as he listened quietly beside the US president, was clear.

After all, this was a man who was expected to – diplomatically – state in clear terms the Arab world’s almost universal opposition to the plan.

Instead, and despite his clear discomfort, he appeared to nod and praised Trump as a man of peace who could take the Middle East “across the finish line.”

Asked whether he agrees with Trump’s proposal to rehome the Palestinians, the king deflected, instead revealing that “Egypt and the Arab countries” had an alternative plan that would be revealed in due course and advising, “Let’s not get ahead of ourselves.”

“You could see the discomfort on the king’s body language and his face … they were completely talking past each other,” said Khaled Elgindy, visiting scholar at the Georgetown University Center for Contemporary Arab Studies.

A ‘bad bet’

Until that point, Egypt had said nothing publicly about having a counter-plan. Afterwards it issued its own vague statement, in which it referred to an “intention to present a comprehensive vision for the reconstruction of Gaza.”

Meanwhile, Arab social media erupted in criticism of the king, who was widely criticized for appearing to capitulate to Trump.

In what looked like an attempt at damage limitation, the king posted on X that he had “reiterated Jordan’s steadfast position against the displacement of Palestinians in Gaza and the West Bank.”

“This is the unified Arab position. Rebuilding Gaza without displacing the Palestinians and addressing the dire humanitarian situation should be the priority for all,” he wrote.

But by then, in many Arab eyes, the damage had already been done.

While Abdullah may have impressed Trump with his offer to take 2,000 of Gaza’s sick children, it’s clear his visit did little to persuade the president away from his desire to take Gaza. If anything, the limpness of the opposition may only have encouraged Trump.

“We’re going to have it (Gaza), we’re going to keep it, and we’re going to make sure that there’s going to be peace and there’s not going to be any problem, and nobody’s going to question it, and we’re going to run it very properly,” Trump said.

Randa Slim, a fellow at the foreign policy institute at Johns Hopkins University, said the king had made a “bad bet” in traveling to Washington.

“If the visit was aimed at helping sway Trump to abandon his plan, King Abdullah was unsuccessful because Trump doubled down. And it did not put the Jordanian king in the best light with his own population, he did not come across in the public presser as strongly pushing back against a plan which the majority of his population opposes,” she said.

“I don’t think it was a success on a regional and domestic level,” Slim added.

A precarious position

The exchange between Trump and the king reveals the precarious position that America’s Arab allies could find themselves in over the next four years, especially those, like Jordan, who have relatively little in terms of natural resources to offer the self-styled master of the deal.

As Arab countries scramble to make a counteroffer to Trump’s Gaza plan, they are also rushing to salvage the ceasefire agreement, which is currently under threat of collapse after Hamas said it would postpone Saturday’s scheduled hostage release in response to alleged Israeli violations of the deal in recent weeks.

If there is a silver lining to the “madness coming out of Trump’s mouth,” said Elgindy, it’s that it spurred Arab states to think about what their own, more credible alternative would be – even if that action is long overdue.

“It took disastrous statements by Trump and the possible collapse of the ceasefire for them to finally spur into action … that should have happened months ago,” he said.

The plan alluded to by King Abdullah, to be presented by Egypt after being discussed with one of Trump’s closest Arab allies, Saudi Crown Prince Mohammed bin Salman, could present a vision where Arab countries help clear the rubble and rebuild Gaza over several years, without Palestinians leaving and in line with the two-state solution.

But the finer details of the Arab plan are yet to be revealed and the danger is that any delay will only serve to encourage Trump further. Egypt has said there will be an Arab emergency summit at the end of the month.

For some Arab leaders, the hope is that Trump will at some point come to his own conclusion that his plan is “not practical” and “unimplementable,” Slim said, and that there will be so many obstacles in implementing it that he will abandon it.

Even then, the onus would be on America’s Arab allies to come up with a solution to a decades-old problem, and the king’s visit to DC has hardly inspired confidence.

“They are caught between a rock and a hard place … they will have to come up with an alternative plan that has to involve dollars for Trump to buy into it, and one that he can spin as a win,” Slim added.

“Come on,” said Elgindy. “Nobody has a plan?”

This post appeared first on cnn.com

Egypt has apparently released the initial details of a proposal Cairo has put together to rebuild the Gaza Strip within three to five years, though there’s no mention of a plan to work with the Trump administration or Israel.

According to a reporter for i24 News, Egyptian sources told Qatari Al Araby TV the plan is a move to counter the proposal first put forward by President Donald Trump last week suggesting the U.S. would ‘take over’ Gaza and forcibly displace all Palestinians living there. 

The Egyptian proposal for reconstruction will reportedly be carried out in cooperation among Arab countries, the European Union and the United Nations.

Fox News Digital could not immediately reach the White House, U.N., Qatari or Egyptian officials to confirm details of the plan.

Sources within the European Union confirmed that while they were aware a plan would be released later this month at a summit with fellow Arab nations, they were not aware of the EU’s or the U.N.’s involvement in the reconstruction plans.

More details of the proposal will reportedly lay out a two-phase project that will first focus on rubble removal and residential building construction. 

Details of the plan were reported less than 24 hours after the Egyptian foreign ministry released a statement saying it has ‘aspirations’ to ‘cooperate’ with President Donald Trump and the U.S., but that it also condemned Trump’s proposal to take over the Gaza Strip.  

In addition, the ministry said the only way to achieve regional peace was to address the ‘root cause of conflict’ by ending ‘Israel’s occupation’ and implementing a two-state solution, a proposal that would look vastly different from what Trump has said he plans to do. 

While speaking alongside Jordan’s King Abdullah in the Oval Office Tuesday, Trump reaffirmed his plans to take over the Gaza Strip, telling reporters, ‘We’re going to take it. We’re going to hold it. We’re going to cherish it.’

Though both Jordan and Egypt have pushed back on Trump’s plan to ‘take over’ Gaza, Richard Goldberg, senior advisor at the Foundation for Defense of Democracies and a former National Security Council official during the first Trump administration, pointed out that the president’s comments got them moving to take action.

Abdullah on Tuesday announced he will accept up to 2,000 children from Gaza who have cancer or require other medical treatment. Neither Jordan nor Egypt had previously agreed to accept Gazans after the war that ensured Gaza in the aftermath of the Oct. 7, 2023 Hamas attacks.

‘These governments are most certainly scrambling to respond to a president who outlined a pretty clear vision and a determination to make it happen,’ Goldberg told Fox News Digital. ‘I’d expect their first round of responses to be wholly unserious, hoping they can put lipstick on a pig and make Trump go away.

‘But this president doesn’t fall for those old tricks.’ 

Trump has claimed there is potential to turn the Gaza Strip into the ‘Riviera of the Middle East’ and on Tuesday said it could be a ‘diamond.’

But King Abdullah would not directly answer reporters’ questions on his position regarding the U.S. takeover.

‘I think the point is, how do we make this work in a way that is good for everybody?’ Abdullah wondered. ‘Obviously, we have to look at the best interests of the United States, of the people in the region, especially to my people of Jordan.

‘We will be in Saudi Arabia to discuss how we can work with the president and with the United States. So, I think let’s wait until the Egyptians can come and present it to the president and not get ahead of ourselves.’

Later Tuesday, Abdullah confirmed Jordan’s position on X. And while he thanked the president for a ‘warm welcome’ and ‘constructive meeting,’ he said, ‘I reiterated Jordan’s steadfast position against the displacement of Palestinians in Gaza and the West Bank. This is the unified Arab position.

‘Rebuilding Gaza without displacing the Palestinians and addressing the dire humanitarian situation should be the priority for all,’ he added, echoing a statement released by Egypt’s foreign ministry. ‘Achieving just peace on the basis of the two-state solution is the way to ensure regional stability.’

This post appeared first on FOX NEWS

It is said that talk is cheap. 

And that’s why House Republicans have done so much of it as they attempted to forge an internal agreement on a budget plan to slash taxes and cut spending. 

It is now the middle of February. House Republicans struggled to finalize plans for what President Donald Trump terms a ‘big beautiful bill.’ Especially when you consider all of the talking Republicans did – among themselves – since the start of the year.

House Republicans cloistered themselves for not one but two daylong sessions on Saturday, Jan. 4, and Sunday, Jan. 5, at Fort McNair in Washington, D.C. That’s where House Budget Committee Chair Jodey Arrington, R-Texas, and Ways and Means Committee Chair Jason Smith, R-Mo., presented their ideas to slash spending and engineer a budget reconciliation package.

Keep that term in mind. Budget reconciliation. More on that in a moment.

Back on Capitol Hill, House Republicans convened multiple large and small meetings to lay out details on their package. That included a three-day session at President Trump’s golf club in Doral, Florida. 

Republicans returned to Washington with claims of ‘unity.’ But still no agreement.

Arrington hoped to prepare the budget plan in his committee last week. Such a meeting would produce a ‘budget reconciliation’ package. Budget reconciliation is a process where the Senate can bypass a filibuster and approve a bill with a simple majority. But the package must be fiscal in nature, such as addressing spending cuts and taxes. Thus, this plan likely qualifies for reconciliation. Senate Republicans must lean on budget reconciliation because they only have 53 GOP members. Not 60, which are required to break a conventional filibuster. But reconciliation is part of the annual budget process. And the reconciliation option isn’t available unless a budget blueprint is in place. No budget? No reconciliation.

House Republicans grappled last week to reach a deal. So the House GOP brass set off for the White House for a meeting with the president.

‘He’s going to have to make some decisions,’ said one senior House Republican of President Trump, noting he’s the only one who could help the party coalesce around an idea.

The session lasted for nearly five hours, although President Trump wasn’t in the session the entire time. Meantime, House Speaker Mike Johnson, R-La., was supposed to meet at the Capitol with Israeli Prime Minister Benjamin Netanyahu. But Netanyahu was left cooling his heels on Capitol Hill as Republicans debated plans and scribbled figures on whiteboards. 

‘[President Trump] set the tone for us to push through some things that we were stuck on,’ said Arrington when he returned to the Capitol. 

‘We made serious progress and have narrowed the gap to where we’re very close to getting ready to bring this to Budget Committee,’ said Senate Majority Leader Steve Scalise, R-La. 

Johnson even predicted the plan may be ready later that evening. Hence, a group of Republicans retreated for another set of meetings until well after midnight.

‘I’d like to see their plan,’ complained Rep. Tim Burchett, R-Tenn. ‘They’re not going to force me into something.’ 

By Friday morning, Johnson was again diminishing expectations.

‘It may not be today,’ said Johnson. 

However, the speaker hinted that the details could be ready later that weekend. 

‘We’ve got a few more people we’ve got to talk with and a couple more boxes to check,’ said Johnson. ‘The expectation is it we’ll be marking up a budget next week, potentially as early as Tuesday.’

But the weekend optimism died when the speaker appeared on ‘Fox News Sunday.’

‘We were going to do a Budget Committee markup next week. We might push it a little bit further because the details really matter,’ said Johnson on Sunday. ‘But we’re getting very, very close.’

Johnson attended the Super Bowl in New Orleans later that day with President Trump. So could there have been a breakthrough amid the confetti, étouffée and Cooper DeJean madness of the Super Bowl?

‘Are we going to have this bill this week, yes or no?’ yours truly asked the speaker as he entered the Capitol on Monday afternoon.

Johnson deployed his favorite verbal placeholder.

‘Stay tuned,’ said the speaker, who uses this line as frequently as a 1950s radio announcer.

‘You said last week we were going to have it,’ I countered.

‘I know,’ said Johnson. ‘I’ve got 220 people that have shared their opinions on this.’

‘Did you overpromise?’ I followed up.

‘No. No,’ responded Johnson. ‘The hard work of the negotiation has to be done on the front end so that we can deliver a product that we know everybody will support.’

Senate Budget Committee Chair Lindsey Graham, R-S.C., tired of the House GOP’s dithering last week, wrote his own budget package, which significantly differs from what the House intends to do. While the House blueprint will focus on taxes and government cuts, Graham’s measure would boost energy production and also call for spending money to tighten the border. The South Carolina Republican has long observed that people voted for border security in the election. He argues that provision should come first.

Johnson said he talked with Graham at the Super Bowl and ‘he and I are on the same page.’

When asked by CNN’s Manu Raju whether Graham’s gambit was ‘complicating this,’ Johnson answered, ‘Not much.’ 

But when yours truly asked if the Senate moving first would help ‘increase the sense of urgency’ in the House, the speaker responded differently.

‘I wouldn’t say it’s helpful,’ said Johnson. 

An hour later, reporters again peppered Johnson for timing details.

‘I’m not going to give a projected date yet because then you’ll tell me that I overshot,’ said Johnson. ‘So just wait. Everybody relax.’

This entire imbroglio boils down to one factor: the math. 

House Republicans currently boast 218 votes in the 433-member House. There are two vacancies. They can barely lose a vote on their side. Getting any bill across the floor is a monster. 

A major snowstorm was in the forecast for Washington, D.C., on Tuesday afternoon and into the day on Wednesday. House Republican leaders huddled in the Radio/TV Gallery in the Capitol Visitor Center for their weekly press conference Tuesday morning.

‘Ready for snowmageddon?’ House Republican Conference Chair Lisa McClain, R-Mich., asked the press corps. ‘And the question is: Are we going to get it today or not?’

‘Well, you were supposed to get a budget last week, and we didn’t,’ observed your trusty reporter, drawing laughter from scribes and lawmakers alike.

At the press conference, Johnson insisted that the budget was on track. He announced that the Budget Committee would meet Thursday on the package. 

But what unfolded in the news conference wasn’t nearly as interesting as what happened afterward. 

Arrington hustled over to the Radio/TV Gallery to privately meet Johnson and other GOP leaders in an adjacent anteroom. Johnson and Arrington had not been on the same page with the budget. Fox is told that Arrington and Johnson had to make sure they were aligned. Arrington had pushed for deeper cuts than Johnson.

By Wednesday morning, Arrington delivered a budget blueprint. It called for $2 trillion in cuts from what’s called ‘mandatory spending,’ like entitlements. It features $4.5 trillion in tax reductions. And it lifts the debt ceiling by $4 trillion.

The question now is whether House Republicans can pry a bill out of committee, let alone pass it on the floor.

But after weeks of jawboning, House Republicans finally had a budget.

And, for the record, Washington, D.C., also got snow.

About 7 inches.

This post appeared first on FOX NEWS

Trading resumes in:

Company: Mawson Finland Limited

TSX-Venture Symbol: MFL

All Issues: Yes

Resumption (ET): 8:00 am 2/13/2025

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada .

SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

News Provided by PR Newswire via QuoteMedia

This post appeared first on investingnews.com

(TheNewswire)

LaFleur Minerals Inc.

VANCOUVER, BC February 12, 2025 TheNewswire – LAFLEUR MINERALS INC. ( CSE: LFLR, OTCQB: LFLRF ) (the ‘ Company ‘) announces that, further to its news releases on December 11, 2024 and January 20, 2025, it has completed the second tranche of a non-brokered private placement and issued 500,000 units of the Company (the ‘ Units ‘) at a price of $0.30 per Unit for gross proceeds of $150,000 (the ‘ Offering ‘).

Each Unit is comprised of one common share in the capital of the Company (a ‘ Share ‘) and one Share purchase warrant (a ‘ Warrant ‘). Each Warrant entitles the holder thereof to acquire one additional Share (a ‘ Warrant Share ‘) at a price of $0.55 per Warrant Share for a period of two (2) years from the date of closing (the ‘ Closing Date ‘). The Warrants will be subject to an accelerated expiry upon thirty (30) business days notice from the Company in the event the closing price of the Shares on the Canadian Securities Exchange is equal to or above a price of $0.65 for ten (10) consecutive trading days anytime after four (4) months following the Closing Date.

The net proceeds of the Offering are expected to be used for the advancement of the Company’s mineral properties and for general working capital purposes. The securities issued under the Offering are subject to a statutory hold period in Canada expiring four (4) months and one day from the Closing Date.

The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news 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 the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF ) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill and Property, which have significant potential to deliver long-term value. The Swanson Gold Project is over 15,000 hectares (150 km 2 ) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Minerals’ fully-refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LAFLEUR MINERALS INC.

Paul Ténière, P.Geo.
Chief Executive Officer
E:
info@lafleurminerals.com

LaFleur Minerals Inc.

1500-1055 West Georgia Street

Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ./

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (‘ Rua Gold ‘ or the ‘ Company ‘) is pleased to announce that it has entered into an agreement with Cormark Securities Inc., as sole agent (the ‘ Agent ‘), pursuant to which the Agent has agreed to act as agent on a ‘best efforts’ basis, in connection with the public offering of 8,333,400 common shares in the capital of the Company (each, a ‘ Common Share ‘) at a price of C$0.60 per Common Share (the ‘ Offering Price ‘) for aggregate gross proceeds of C$5,000,040 (the ‘ Offering ‘). The Offering is expected to close on or about February 20, 2025 (the ‘ Closing Date ‘), or such other date as agreed upon between the Company and the Agent, and is subject to certain conditions including, but not limited to the receipt of all necessary regulatory approvals.

The Company has granted to the Agent an option (the ‘ Over-Allotment Option ‘) exercisable, in whole or in part, within 30 days after the Closing Date to sell, at the Offering Price, up to 1,250,010 additional Common Shares (being that number of additional Common Shares equal to 15% of the number of Common Shares issuable pursuant to the Offering) for market stabilization purposes and to cover over-allotments, if any.

The Company intends to use the net proceeds from the Offering for continuing the exploration program on its Reefton Project, and for general working capital and general corporate purposes.

The Common Shares will be issued pursuant to a prospectus supplement (the ‘ Supplement ‘) to the Company’s base shelf prospectus dated July 11, 2024 (the ‘ Shelf Prospectus ‘) that will be filed in each of the provinces and territories of Canada , except Quebec . The Common Shares may also be sold in the United States on a private placement basis pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘) and applicable U.S. state securities laws, and other jurisdictions outside of Canada and the United States pursuant to available prospectus or registration exemptions in accordance with applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction.

Copies of the Supplement, following filing thereof, and the Shelf Prospectus may be obtained on SEDAR+ at www.sedarplus.ca . The Shelf Prospectus contains, and the Supplement will contain, important detailed information about the Company and the proposed Offering including the proposed use of proceeds therefrom. Prospective investors should read the Supplement, accompanying Shelf Prospectus and the documents incorporated by reference therein before making an investment decision.

The securities referred to in this news release have not been, nor will they be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States , nor in any other jurisdiction in which such offer, solicitation or sale would be unlawful. ‘United States’ and ‘U.S. person’ are as defined in Regulation S under the U.S. Securities Act.

About Rua Gold

Rua Gold is an exploration company, strategically focused on New Zealand . With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of Rua Gold’s two highly prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand’s South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.

The Company’s Glamorgan Project solidifies Rua Gold’s position as a leading high-grade gold explorer on New Zealand’s North Island. This highly prospective project is located within the North Islands’ Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation’s biggest gold mining project, Wharekirauponga.

For further information, please refer to the Company’s disclosure record on SEDAR+ at www.sedarplus.ca .

Website: www.RUAGOLD.com

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur and specifically include statements regarding: the filing of the Supplement, the size of the Offering, the intended use of the net proceeds of the Offering, the timing of the Closing Date and completion of the Offering, the exercise of the Over-Allotment Option, the receipt of all necessary regulatory approvals; the Company’s strategies, expectations, planned operations or future actions, including but not limited to exploration programs at its Reefton and Glamorgan projects and the results thereof. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statement.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s short form base shelf prospectus dated July 11, 2024 , and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

SOURCE Rua Gold Inc.

Cision View original content: http://www.newswire.ca/en/releases/archive/February2025/12/c7692.html

News Provided by Canada Newswire via QuoteMedia

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Perth, Australia (ABN Newswire) – BPH Energy Limited (ASX:BPH) advises that investee Advent Energy Limited’s (BPH 36.1% direct interest) 100% subsidiary Asset Energy Pty Ltd has applied to the Federal Court for an Originating Application for judicial review pursuant to s 5 of the Administrative Decisions (Judicial Review) Act 1977 (Cth) and s 39B of the Judiciary Act 1903 (Cth) to review a Decision of the Commonwealth-New South Wales Offshore Petroleum Joint Authority, constituted under section 56 of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 (Cth). By the Decision, the Joint Authority refused the Joint Venture Applications made on 23 January 2020 and 17 March 2021 to vary and suspend the conditions of the PEP-11 Permit, pursuant to section 264(2) of the Act, and to extend the term of the PEP 11 Permit, pursuant to section 265 of the Act.

The Originating Application seeks:

1. An order quashing or setting aside the Decision;

2. A declaration that the Decision is void and of no effect; and

3. An order remitting the First Application and Second Application to the Joint Authority for reconsideration according to law.

Asset Energy Pty Ltd is a 100 % owned subsidiary of Advent Energy Ltd and has lodged the appeal as Operator for and on behalf of the PEP11 Joint Venture Partners, Bounty Oil and Gas NL (ASX:BUY) and Asset Energy Pty Ltd.

About BPH Energy Limited:  

BPH Energy Limited (ASX:BPH) is an Australian Securities Exchange listed company developing biomedical research and technologies within Australian Universities and Hospital Institutes.

The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.

BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.

BPH currently partners with several academic institutions including The Harry Perkins Institute for Medical Research and Swinburne University of Technology (SUT).

Source:
BPH Energy Limited

Contact:
David Breeze
admin@bphenergy.com.au
www.bphenergy.com.au
T: +61 8 9328 8366

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

At any given time, hundreds of companies in the resource sector are working to develop thousands of projects.

While most experts in the sector view people as the number one element that determines a company’s success, capital is key. It’s also often overlooked despite the fact that nothing can happen without it.

At this year’s Vancouver Resource Investment Conference (VRIC), CEO Jay Martin sat down with industry experts Rick Rule, Maria Smirnova, Natascha Kiernan and Alexandra Woodyer Sherron to get their thoughts on raising capital in the sector and to answer the question of whether cash is the most valuable resource in the mining industry.

Is cash the mining industry’s most important resource?

The old adage that cash is king is perhaps most true in the resource sector, especially among early stage exploration and development companies. Far from being able to rely on earnings from production, these firms need to raise capital to do more than keep the lights on. Funding is needed for the core elements of the business: geology, discovery, analysis and building. Without adequate funding, a company’s progress can be halted, sometimes for months or years.

Smirnova, who is senior portfolio manager and chief investment officer at Sprott Asset Management, identified three key elements she evaluates when examining companies in the resource sector.

“The first is the people. What’s the team? Have they done this before? What is the knowledge they have? Number two is the asset — the geology and location — and number three is the financial situation of the company,” she said.

Smirnova emphasized that while a company’s personnel and financial position can be altered, geology remains unchangeable. This has prompted her to adopt a more holistic approach when analyzing opportunities in the mining sector. She wants to see key elements utilized efficiently, including the strategic management of cashflow.

“Cash is important because you have to do things as a company. You want to discover the resource, and you want to move it towards production, but people definitely optimize that process,” Smirnova said.

Woodyer Sherron, who is president and CEO of Empress Royalty (TSXV:EMPR,OTCQX:EMPYF), echoed this point.

“You need cash. Without cash, a company is constrained. It’s difficult to move forward, so absolutely I think cash is the most important resource,” she told the audience at VRIC.

When asked if there is a minimum level of capital that would define a productive raise versus a non-productive raise, Woodyer Sherron suggested this is dependent on the stage of the company.

“There are so many different aspects to money, whether it’s exploration, development, production,’ she said.

‘From Empress’ point of view, we invest $5 million to $10 million into companies, but we focus on ones that are producing. They’re going to bring immediate cash,’ added Woodyer Sherron.

Kiernan, who is founder and principal at Bellevue Strategic Advisory, and Rule, the proprietor of Rule Investment Media, said money is important for mining companies, but not as important as leadership.

Rule has frequently said that people are the most important part of a company, but has also acknowledged that cash may be the most underrated asset. Drawing from his extensive experience in the resource sector, he noted that retail investors get excited about stories, not cash, and companies worry about the cost of capital inside the industry.

“They say the cost of capital is extraordinary. Have you ever considered the cost of not having capital? This is a capital-intensive business. If you don’t have capital, you have no business. So I think cash, it’s not exciting, but if you don’t have cash, you eliminate your ability to cause things to occur,” he said.

4 ways mining companies raise money

Mining companies raise capital through four primary methods, each with its own advantages and challenges.

Equity raises are a common approach in the industry, especially among early stage exploration and development companies. These agreements involve companies raising capital through the selling of shares.

This approach can be easy for those with compelling projects, good locations or favorable early exploration results. However, it can also dilute overall value for existing shareholders.

Equity raises can also be sensitive to overall market conditions. With that in mind, Smirnova spoke to the benefits of “raising when the ducks are quacking’ — in other words, raising cash when conditions are favorable. This approach can ensure that funds are available when needed, even if the market enters into a downturn.

Debt financing is a less common fundraising method in mining. Rule has extensive experience in this area.

He told the VRIC audience that during his time in the industry he’s overseen many deals. He explained that debt structures have their uses, but aren’t widely used due to their capital-intensive nature.

Debt structures often involve secured loans that are leveraged against company assets. They can be attractive because companies can raise capital rapidly, but they risk becoming overextended and losing valuable assets.

For Rule, debt financing is always a win for the issuer, but not always for the company.

“I can take a lower internal rate of return than I would ask for as an equity holder, because, by the nature of the transaction, it’s a secured loan. At the end of the exercise, whether I want it or not, the assets are mine, not theirs, and my coupon, assuming that I get paid, reduces my risk and allows me to recycle the cash,” he said.

Royalty and streaming agreements, like those offered by Woodyer Sherron’s company Empress Royalty, are an alternative to traditional equity and debt. In these types of agreements, companies receive upfront cash in exchange for a percentage of future revenue or production, often at a discount.

“We’re not buying third-party existing units, and we’re able to provide directly to them the financing they need … it’s less diluted than equity, it’s less restrictive than debt,” Woodyer Sherron said.

“We really want that revenue to come in so that we can reinvest it,” she added, emphasizing that Empress is interested in later-stage assets that are producing cash or close to doing so in order to ensure a steady revenue stream.

One final method of funding projects in the mining industry is joint ventures.

Similar to a merger, a joint venture involves two or more companies coming together. The advantage is that larger companies can provide reliable financing and expertise to move a project forward. However, joint ventures can also be highly complex, with differing views on ownership stakes and responsibilities.

“They’re very expensive and complex to negotiate, and they’re very expensive and complex to administer; if a joint venture goes bad, you’re in a problem where you have to unwind. You’ve got all kinds of conflicts, maybe with a much larger counterparty,” said Kiernan, who is an independent director for various mining companies, including Empress.

She also indicated that there are several reasons for joint ventures. Smaller companies get more experienced partners, while larger companies use them to gain access to jurisdictions by partnering with locals.

“There are going to be very big wins when they’re done for the right reasons and the proper diligence,” Kiernan added.

What should investors look for when it comes to cash?

In closing, the panelists offered final advice on evaluating companies based on their cash handling.

“Look at the ownership that the management team has in their own stock,” Smirnova advised.

“That will help you assess whether they’re in it just for a paycheck or for long-term value … that’s something we look for more and more. Question management teams to make sure that they actually have skin in the game.’

Rule offered advice that went beyond how companies use cash, suggesting that investors put their cash to work. He noted that with positive interest rates and deteriorating purchasing power, “cash is costing you money.”

‘Cash gives you the ability to take advantage of the illiquidity of others rather than being taken advantage of yourself,’ he said. Rule also noted that investors should get to know companies before they part with cash.

“I believe that 85 percent of the juniors that are listed on a global basis are valueless. I believe they’re worth nothing, and so I believe the junior sector is perpetually overvalued … if you learn to separate the 10 percent from the 90 percent, this is actually a hell of a sector. If you don’t, good luck to you,” Rule said.

Stay tuned for more event coverage, including video interviews with many of the experts who attended.

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

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Wednesday’s meeting at the NATO headquarters in Brussels was, on paper, about coordinating military aid for Ukraine and welcoming the new US Secretary of Defense Pete Hegseth into the international fold. In practice, it was a day that saw the Trump administration upend the alliance’s approach to this almost 3-year-old war, lay out a vision that seemed to deliver some of Moscow’s key demands, and leave NATO allies fighting to avoid the appearance of disunity.

There were, of course, clear signs this was not going to be smooth sailing. US President Donald Trump fired the starting gun on this critical week of diplomacy by pouring cold water on Ukraine’s hopes of a favorable peace deal.

But coordinating with allies may not be a top priority for the Trump administration. Overnight it has lurched the NATO alliance from a stated policy that Ukraine was on an “irreversible path” to membership, to Hegseth’s blunt statement: “The United States does not believe that NATO membership for Ukraine is a realistic outcome of a negotiated settlement.”

Several of his European counterparts tried to argue the two positions were not incompatible.

Whether or not this, or Hegseth’s comment that Ukrainian ambitions to return to pre-2014 borders were “unrealistic,” were meant as a break with previous policy, one thing is clear. “The US is quite happy to march to its own beat and leave Europe and Ukraine to pick up the pieces,” said Matthew Savill, Director of Military Sciences at the Royal United Services Institute, a think tank in London.

“European countries have to get with the mood music … If they think any US official or politician is going to stick their neck out for Europe, on Europe’s behalf, they are kidding themselves.”

News at the end of the day in Brussels, that while NATO ministers tried to coordinate efforts to counter Russian aggression, President Trump spent 90 minutes on the phone with Russian President Vladimir Putin is a case in point. Ukraine’s Defense Minister Rustem Umerov, when asked about this at a briefing, simply walked away from the cameras.

Amongst all the status-quo-churning statements from the Trump administration, there is one hard truth Europe must face. The 2% defense spending target, which a third of NATO members haven’t even hit yet, is looking increasingly outdated. Hegseth even name-checked his boss to drive the message home.

“Two percent is not enough; President Trump has called for 5%, and I agree,” said Hegseth. “The United States will no longer tolerate an imbalanced relationship which encourages dependency.” And the urgency is not only coming from the US. “If we stick to 2% we cannot defend ourselves in four to five years,” said Rutte. “It is crucial that Russia’s rearmament is met by us.”

On this point, it’s hard to find a NATO minister that wouldn’t say they agree. Still, it is what they actually do that will matter. “We heard (Hegseth’s) call for European nations to step up. We can, and we will,” promised UK Defense Secretary Healey.

And yet the UK’s government has committed to raising its spending only from the current 2.3% level to 2.5% of GDP, without specifying a time period.

Caught between a United States promising “resourcing trade-offs” as it prioritizes the Pacific, and a Russia whose defense industry is already vastly outproducing the EU, this may be a reality NATO’s European members can no longer just agree with.

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Ecuador’s President Daniel Noboa claimed, without evidence, that the first round of the country’s presidential election was rife with “irregularities” after he made it to the second round with a slim lead — which authorities have called a technical tie with his leftist rival Luisa González.

“There have been many irregularities,” Noboa said in a Tuesday interview streamed on the presidency’s Facebook and YouTube pages. “We kept counting, we kept checking in certain provinces that there were things that didn’t add up. They even didn’t add up with the OAS (Organization of American States) quick count, which gave us a higher figure.”

Noboa even suggested that “armed groups” were forcing voters to cast their ballots for his opponent.

After the interview, the OAS Electoral Observation Mission, which had been monitoring the election, issued a statement denying irregularities in the result.

It said that “the results presented by the National Electoral Council (CNE) of Ecuador coincide with the data obtained through the quick count conducted by the Mission, and remain within the margin of error.”

It added that its mission has “neither identified nor received any indication of widespread irregularities that could alter the election results.”

Ecuador’s elections agency issued a statement on Tuesday, hours after Noboa’s interview, saying that it was committed to “guaranteeing fair and transparent elections.”

It was not only Noboa complaining about the vote. Prior to his allegations, González made a similar claim on Monday in an interview with local channel Teleamazonas, saying that there were “inconsistencies” in the vote in certain provinces throughout Ecuador.

“We do not trust CNE,” González added, without offering evidence to support her allegations.

The European Union’s observation mission to Ecuador pronounced the election “transparent, well-organized, and peaceful” on Tuesday, and pushed back against any allegations of fraud.

“Disinformation was rife, with particularly virulent narratives of fraud towards the end of the campaign,” the Election Observation Mission said in their statement, which did not mention either candidate by name.

Ruling by decree

Pinto noted that the president has made many of his more notable decisions by decree, including deploying the army to Ecuador’s streets to combat gangs and building a new prison for 800 of the country’s most violent criminals.

Noboa last year stunned much of Latin America when he ordered police to storm the Mexican embassy in Quito to arrest former vice president Jorge Glas. The violation of diplomatic protocol led many leaders across the region to denounce Noboa’s actions.

“Maybe he thinks that the government is like the private sector,” Pinto mused. “In his companies, he can order everything, and he thinks that in the state, he can do the same thing. But it’s not possible.”

As to Gonzalez, Pinto said her claim might be due to her team being “sure they were going to win.”

Rampant crime has transformed the once tranquil country into one plagued by violence and turf wars between drug cartels.

Much of the violence has centered around the country’s coast, in provinces where Noboa’s campaign fared poorly. Guayas province, for example, experienced over 3,000 homicides in 2024, public data shows. According to the latest tallies on Wednesday, Gonzalez earned nearly 49% of the vote there compared to Noboa’s 43.7%.

“You have to understand, we have almost 10% of the population that votes for Luisa – not because they think Luisa is a good person,” said Pinto. “They vote for Luisa because they don’t want to vote for Noboa.”

Noboa’s statement about armed groups supposedly forcing voters to support his opponent is “dangerous,” Pinto said, “because he’s saying we have no sovereignty, we have no control over these areas.”

The assertion amounts to an endorsement from the sitting president that Ecuador is a “narco state,” Pinto added.

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