Author

admin

Browsing

Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to advise that it has executed a non-binding Heads of Agreement (the “HoA”) with Orbminco Limited (“Orbminco”) (ASX: OB1), an arm’s length third party, to acquire a majority(1) and controlling interest(1) in the under- explored, belt-scale 420km² Mt Venn Project (the “Project”)(2), located in the Eastern Goldfields of Western Australia.

This follows Sarama’s recent acquisition of a majority interest in the 580km² Cosmo Project, approximately 45km to the west of the Mt Venn Project. Both projects are well-positioned and underexplored, presenting an exciting opportunity for Sarama in the Laverton Gold District which is known for its prolific gold endowment (refer Figure 1).

Highlights

  • Non-binding Heads of Agreement executed for acquisition of 80% interest in belt-scale Mt Venn Project
  • Located in the prolific Laverton Gold District, 35km from the producing Gruyere Gold Mine and less than 20km from Gold Road’s Golden Highway Deposit
  • Project covers 420km² and features a favourable litho-structural setting, primarily in greenstone rocks
  • Includes regional shear zone of ~50km strike length and 1-3km width extending full length of greenstone belt
  • Advanced gold targets generated through historical exploration, including broad drill-defined gold mineralisation
  • Highly complementary to Sarama’s recently acquired, underexplored and prospective Cosmo Project
  • Creates 1,000km² exploration position in the Laverton Gold District, capturing 100km of strike length
  • Land access agreement with Traditional Owners in place for exploration
  • 100% scrip consideration with initial exploration funded by the November 2024 equity raise of A$2M

Sarama’s President, Executive Chairman, Andrew Dinning commented:

“We are very pleased to have reached agreement to acquire the Mt Venn Project and when completed, this acquisition will significantly consolidate our position in the prolific Laverton Gold District of Western Australia. The addition of this project creates a major 1,000km2 area-play which significantly enhances the probability of making the next big discovery in a region that continues to deliver new deposits in previously unexplored areas, including the regionally- significant Gruyere Deposit just 35km east of the Mt Venn Project. We look forward to working towards completing the transaction and will provide updates in due course.”

Mt Venn Project

The Project is comprised of 3 contiguous exploration tenements covering approximately 420km² in the Eastern Goldfields of Western Australia, approximately 110km north-east of Laverton and 35km west of the regionally- significant Gruyere Gold Mine(3). The Project is readily accessible via the Great Central Road which services the regional area east of Laverton.

The Project captures the majority of the underexplored Jutson Rocks Greenstone Belt over a strike length of ~50km. Rocks within the belt feature a diverse sequence of volcanic lithologies of varying composition, together with pyroclastics and metasediments. Several internal intrusive units have been identified throughout the Project and are commonly associated with local structural features. A regionally extensive shear zone, spanning 1-3km in width, extends the entire length of the belt with subordinate splays interpreted in the southern area of the Project which provides a favourable structural setting for mineralisation.

Gold mineralisation was first discovered in the 1920’s with sampling returning very high grades and prompting the commencement of small-scale mining operations in the mid 1920’s. Multiple gold occurrences have since been identified throughout the Project, demonstrating the prospectivity of the system. Despite the identification of several km-scale gold-in-soil anomalies by soil geochemistry and auger drilling, many of these targets are yet to be properly tested. Encouragingly, drilling by Cazaly Resources Limited (“Cazaly”) (ASX: CAZ) at the Project intersected broad, gold mineralisation over several fences in weathered and fresh rock at the Three Bears Prospect, presenting a priority target for exploration (Cazaly news release 27 February 2017: “Widespread Gold & Zinc Mineralisation Defined”).

In addition to the attractiveness of the Project for gold, it is considered prospective for base metals and platinum group elements. Historical exploration work including auger geochemistry and geophysical surveys identified several targets for copper, nickel and zinc mineralisation. Several of these targets remain untested due to historical funding and land access constraints. Exploration in the belt to the immediate south of the Project area is noted to have intersected copper mineralisation of significant grade over a significant strike length(4).

In summary, the Project is located within a prolific gold district and has a favourable lithological and structural setting. A solid database of base-level historical exploration work by previous operators, including generation of drill-ready targets, provides a good platform for Sarama to advance the Project in conjunction with its activities at the Cosmo Project. The size and prospectivity of the landholding that Sarama will have in the Laverton Gold District upon completion of this transaction significantly enhances the chances of making an economic discovery, particularly given the infrastructure and proliferation of mines in the region which will have a favourable impact on the size threshold for finding something of economic value.

Click here for the full ASX Release

This post appeared first on investingnews.com

An Austrian woman has been kidnapped by gunmen in Niger’s Agadez city, local residents and the Austrian foreign ministry said on Sunday, the first time a European citizen is known to have been kidnapped in the conflict-hit West African nation since a military junta took power in 2023.

The ministry said Austria’s embassy in Algeria, which is also responsible for Niger, had been informed of the kidnap of an Austrian woman in Agadez and was in contact with regional authorities on the ground.

Residents and local media identified the victim as Eva Gretzmacher and reported she is an aid worker who has lived in Agadez – hundreds of kilometers (miles) away from the capital city of Niamey – for more than 20 years.

“(She) is well known for her social commitment (and) created a skills center in 2010 that initiated various projects, notably in the fields of education, women’s empowerment, ecology, culture and art,” the local Air Info Agadez reported.

Gretzmacher also supported education programs through her development work and provided assistance to local non-government organizations in various sectors, local media said.

No group claimed responsibility for her abduction and authorities in Niger did not immediately comment on the incident.

Niger has for many years battled a jihadi insurgency linked to al-Qaida and the Islamic State group, a security crisis that analysts say has worsened since the military toppled the country’s government in July 2023.

Despite their promise to restore peace in hot spots, the junta’s capacity to improve Niger’s security has increasingly been questioned amid increasing attacks.

Niger was seen as one of the last democratic countries in Africa’s Sahel region that Western nations could partner with to beat back the jihadi insurgency in the vast expanse below the Sahara Desert.

The country has severed decades-long military ties with the West and turned to Russia as a new security partner.

This post appeared first on cnn.com

Global markets were turbulent this week on speculation about US President-elect Donald Trump’s trade policies.

Initial gains on Monday (January 6), driven by rumors of less aggressive tariffs, were followed by a mixed performance as the Consumer Electronics Show (CES) kicked off in Las Vegas, Nevada, and investors awaited key economic data.

1. AI takes center stage at CES

Unsurprisingly, CES underscored the growing influence of artificial intelligence (AI) across the tech landscape, with AI chips for PCs, new electric vehicles and the imminent influence of robotics on the workforce taking center stage.

AI was prominent, featured in everything from appliances to pets. Following substantial investment, companies are under pressure to demonstrate the value and justify the cost of AI integration in their products.

As mentioned, tech stocks rose on Monday as the event began, with chipmakers like NVIDIA (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), Micron Technology (NASDAQ:MU), Advanced Micro Devices (AMD) (NASDAQ:AMD) and Taiwan Semiconductor Manufacturing Company (NYSE:TSM) leading the surge.

NVIDIA, whose CEO Jensen Huang gave the keynote address at CES, was a key focus.

Following the company’s weaker-than-expected revenue outlook in November, investment interest in AI has been dispersing to include companies such as Broadcom and Marvell (NASDAQ:MRVL), whose share prices increased in the fourth quarter of 2024 while NVIDIA’s remained relatively flat.

Broadcom, NVIDIA and Marvell Technologies performance, Q4 2024.

Broadcom, NVIDIA and Marvell Technologies performance, Q4 2024.

Chart via Google Finance.

After a product reveal, NVIDIA saw its share price fall 8.5 percent to US$140.01 on Tuesday (January 7), its largest intraday drop since October 15. Chief among the AI bellwether’s long list of new products are the new GeForce RTX 50 series GPUs, built on the Blackwell architecture. The flagship RTX 5090 for demanding workloads will be available this month for US$1,999, while the RTX 5070, a more budget-friendly version, will arrive in February for US$549.

NVIDIA also unveiled Project Digits, a desktop PC designed to empower AI researchers, data scientists and students with the ability to run very large AI models on their laptops. Developed in collaboration with Taiwan’s MediaTek (TPE:2454), the model is equipped with a Grace Blackwell Superchip and runs a version of the Linux operating system. Project Digits essentially puts an AI-powered personal supercomputer within reach for US$3,000 starting in May.

NVIDIA performance, January 6 to 10, 2025.

NVIDIA performance, January 6 to 10, 2025.

Chart via Google Finance.

NVIDIA’s move highlights a broader trend at CES this year: the rise of AI PCs. AMD, Intel (NASDAQ:INTC) and Qualcomm (NASDAQ:QCOM) all introduced chips designed to bring AI to everyday computing. AMD’s high-powered Ryzen CPUs, which will power Dell’s (NYSE:DELL) corporate PCs, reportedly outperform Macs and offer a longer battery life.

Meanwhile, Qualcomm is broadening its business beyond mobile phone chips with the Snapdragon X Platform, an affordable chip for laptops and PCs that will run Microsoft’s (NASDAQ:MSFT) Copilot+ software. The company will also soon release a small desktop computer built with the chip. PC makers including Dell — which announced a rebranding of its PC line — will reportedly offer laptops based on the new product in early 2025.

AMD, Qualcomm and Dell saw share price increases of between 2 and 3.5 percent between Monday and Tuesday. However, Intel’s new processors featuring built-in AI acceleration and a dedicated neural processing unit in select models weren’t enough to impress investors, and its share price was little changed over the same period.

2. Autonomous vehicles have their moment

While AI PCs generated excitement at CES, another trend emerged: the rise of generative physical AI.

During his keynote, Huang emphasized how the forthcoming shift will revolutionize factory and warehouse automation, a rising subsector he described as ‘a multi-trillion dollar opportunity.’

This sentiment is seemingly shared by OpenAI founder Sam Altman, who wrote in a weekend blog post of a near future where “AI agents join the workforce and materially change the output of companies.’

To accelerate this transition, Huang unveiled NVIDIA Cosmos, an open-source platform designed to simulate real-world environments and accelerate the training of physical AI models like robots and cars. Within Cosmos, AI agents can be trained using Nemotron, a new family of large language models optimized for agentic AI. Based on Meta’s (NASDAQ:META) Llama models, Nemotron leverages NVIDIA’s CUDA and AI acceleration technologies.

“Cosmos will dramatically accelerate the time to train intelligent robots and advanced self-driving cars,” Rev Lebaredian, vice president of omniverse and simulation technology at NVIDIA, said at a press conference on Monday.

Later, news broke of a partnership between NVIDIA and Toyota (NYSE:TM) that will see the carmaker use NVIDIA’s autonomous driving chips and software to advance its self-driving cars. NVIDIA also announced a partnership with Uber (NYSE:UBER) to use its drive logs for AI model training.

“After so many years, with Waymo and Tesla’s (NASDAQ:TSLA) success, it’s very clear (autonomous vehicles) have finally arrived,” said Huang on Monday. Later, during an interview with Yahoo Finance’s Dan Howley, he disclosed that NVIDIA’s technology for autonomous driving is projected to generate US$5 billion in annual sales.

3. Crypto market struggles to find footing

The Bitcoin price rose above US$102,000 early on Monday, following a weekend in which the cryptocurrency regained its 50 day simple moving average, an indicator often described as crucial for a continued bull market.

Adding to the momentum was strong speculation that MicroStrategy (NASDAQ:MSTR) was preparing to increase its holdings further after CEO Michael Saylor hinted at a potential acquisition over the weekend. The company ultimately purchased 1,070 Bitcoins for a total price of US$101 million.

Adding to bullish sentiment was a research report from JPMorgan (NYSE:JPM); it indicates that Bitcoin miners’ revenue increased for the second consecutive month in December. The positivity extended to altcoins as Solana’s DEX trading volume exceeded that of Ethereum and Base; the price action prompted analysts to set a US$15 target for XRP.

However, as conflicting US jobs and inflation data rolled in, traders’ hopes of an interest rate cut by March diminished. Yields for 10 year treasuries touched 4.73 percent, resulting in a broad selloff affecting cryptocurrencies and other risk-on assets like tech stocks. The top cryptocurrencies dropped between 4 and 9 percent in early trading on Tuesday.

Bitcoin performance, January 6 to 10, 2025.

Bitcoin performance, January 6 to 10, 2025.

Chart via CoinGecko.

US Bitcoin exchange-traded funds (ETFs) saw near-record outflows of US$582 million on Wednesday (January 8), as the downward trajectory continued. Ether ETFs also saw substantial outflows totaling US$159.3 million on Wednesday, their largest on record since July. By Thursday (January 9), US$655 million in Bitcoin futures contracts had been liquidated.

Adding to the uncertainty, the US Department of Justice has reportedly been cleared to sell US$6.5 billion worth of Bitcoin seized from Silk Road, which could put downward pressure on Bitcoin’s price.

Altcoins saw greater losses, with XRP being the sole exception.

Ripple’s native cryptocurrency saw periods of recovery on Wednesday after it was reported that CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty met with Trump for dinner. Analysts at Cointelegraph project XRP could surge 40 percent if prices can break out of the current “descending triangle” pattern.

Friday’s (January 10) US jobs data release coincided with a 2.24 percent drop in Bitcoin’s price to below US$92,000 before the markets opened, followed by a rise to US$95,000 midday. Bitcoin’s latest downtrend has led market analysts to believe that the coin’s price may retest areas around US$90,000 as traders contend with uncertainty regarding tariffs and their effects on the US economy, stoking concerns about the possibility of renewed inflation.

According to Santiment analyst Brianq, Bitcoin’s performance can also be partly attributed to decreased purchasing activity by wallets holding between 100 and 1,000 Bitcoin, which drove Bitcoin’s most recent bull cycle.

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

This post appeared first on investingnews.com

President-elect Donald Trump is giving Republicans his blessing to negotiate on a key tax that could prove critical to the GOP’s negotiations for a massive conservative policy overhaul next year.

Trump met with several different groups of House Republicans at Mar-a-Lago over the weekend, including blue state GOP lawmakers who make up the House SALT Caucus – a group opposed to the current $10,000 cap on state and local tax (SALT) deductions that primarily affect urban and suburban residents in areas with high income and property taxes, such as New York, New Jersey, and California.

‘I think it was productive and successful,’ Rep. Nicole Malliotakis, R-N.Y., said of the meeting. ‘The president supports our efforts to increase the SALT deduction. He understands that mayors and governors in blue states are crushing taxpayers and wants to provide relief from the federal level.’

But Trump also signaled he was aware of the opposition from others in the House GOP conference, particularly rural district Republicans, who have viewed SALT deductions as tax breaks for the wealthy. Before the cap was imposed in 2017, there was no limit to how much state income and local property taxes people could deduct from their income when filing their federal returns.

‘He gave us a little homework to work on, a number that could provide our middle class constituents with relief from the high taxes imposed by our governor and mayor, and at the same time, you know, something that can build consensus and get to [a 218-vote majority],’ Malliotakis said.

 ‘I think we pretty much know that it’s not going to be a complete lifting of the SALT cap. There’s not an appetite within Congress or even among American taxpayers to lower taxes for the ultra-wealthy.

‘Our efforts are really targeted to middle-class families, and that’s what we’re focused on in trying to achieve the right balance.’

The current SALT deduction cap has been opposed by New York and California lawmakers for much of its existence, since being levied in Trump’s Tax Cuts and Jobs Act (TCJA).

Trump suggested he would change course during his second administration as early as September last year, when he posted on Truth Social that he would ‘get SALT back, lower your taxes, and so much more.’

The discussions are part of Republicans’ wider talks about passing a massive fiscal and conservative policy overhaul via a process known as ‘reconciliation.’

By lowering the Senate’s threshold for passage to a simple majority instead of two-thirds, the process allows the party in control of both houses of Congress and the White House to pass certain legislation provided it deals with budgetary and other fiscal matters.

Some pro-SALT deduction Republicans, like Rep. Mike Lawler, R-N.Y., had signaled they could withhold support from the final bill if the cap was not increased.

‘The only red line I have is that if there is a tax bill that does not lift the cap on SALT, I would not support that,’ Lawler told Fox News’ Sunday Morning Futures.

Lawler also said Trump agreed that SALT deduction caps needed to be raised.

House Republicans have virtually no room for error with a razor-thin majority from Trump’s inauguration until likely sometime in April.

Meanwhile, Trump also told New York Republicans that he would help them fight their state’s controversial congestion pricing rule that levies an added cost to drive in parts of Manhattan.

‘He understands how unfair this is and how it would impact the city’s economy and the people we represent and so we’re currently working with him on legal options to reverse the rubber stamp of the Biden administration,’ Malliotakis said. ‘If there’s a legal option, if there’s a legal option for him to halt congestion pricing, he will.’

‘You have, you know, cops, police, firefighters, nurses, the restaurant workers that have to go in at odd hours, and they drive because they don’t feel that the transit system is clean or safe.’

Congestion pricing took effect in New York City earlier this month.

Fox News Digital reached out to the Trump transition team for comment on this weekend’s meeting.

This post appeared first on FOX NEWS

Croatia’s opposition-backed President Zoran Milanović, a critic of the European Union and NATO, overwhelmingly won reelection for another five-year term on Sunday, defeating a candidate from the ruling conservative party in a runoff vote, official results showed.

Milanović won more than 74% of the vote compared to his challenger Dragan Primorac, who received nearly 26%, according to the results released by Croatia’s state election authorities after more than 99% of the ballots were counted.

The result presents a major boost for Milanović, who is a critic of Western military support for Ukraine in its war against Russia. Milanović is also a fierce opponent of Croatia’s conservative Prime Minister Andrej Plenković and his government.

In a speech after the results were released, Milanović said his victory was a sign of approval and trust from the voters but also presented a message “about the state of affairs in the country for those who need to hear it.”

“I am asking them (the government) to hear it,” said Milanovic. “That is what the citizens wanted to say. This is not just support for me.”

Milanović, 58, is the most popular politician in Croatia, and is sometimes compared to US President-elect Donald Trump for his combative style of communication with political opponents.

His triumph sets the stage for a continued political confrontation with PM Plenković, with whom he sparred during his first term.

Milanović also won comfortably in the first round of voting on Dec. 29, leaving Primorac, a forensic scientist who had unsuccessfully run for president previously, and six other candidates far behind.

The runoff between the top two contenders was necessary because Milanović fell short of securing 50% of the vote by just 5,000 votes, while Primorac trailed far behind with 19%.

The election was held as Croatia, which has a population of 3.8 million, struggles with biting inflation, corruption scandals and a labor shortage.

Upon voting on Sunday, Milanović again criticized the EU as “in many ways non-democratic” and run by unelected officials. The EU position that “if you don’t think the same as I do, then you’re the enemy” amounts to “mental violence,” Milanović said.

“That’s not the modern Europe I want to live and work in,” he said. “I will work on changing it, as much as I can as the president of a small nation.”

Milanović served as prime minister in the past with a mixed record.

He regularly accuses Plenković and his conservative HDZ of systemic corruption, while Plenković has labeled Milanović “pro-Russian” and a threat to Croatia’s international standing.

Political analyst Višeslav Raos said the increasingly outspoken Milanović has no motive to “try to please someone or try to control himself.”

“If there was no cooperation with the prime minister for the first five years (of his presidency), why would there be now?” he said.

Though the presidency is largely ceremonial in Croatia, an elected president holds political authority and acts as the supreme military commander.

Milanović denied he is pro-Russian but last year, he blocked the dispatch of five Croatian officers to NATO’s mission in Germany called Security Assistance and Training for Ukraine. He also pledged he would never approve sending Croatian soldiers as part of any NATO mission to Ukraine. Plenković and his government say there is no such proposal.

Despite limited powers, many believe the presidential position is key for the political balance of power in a country mainly governed by the Croatian Democratic Union, or HDZ, since gaining independence from Yugoslavia in 1991.

Primorac, 59, entered politics in the early 2000s, when he was science and education minister in the HDZ-led government. He unsuccessfully ran for the presidency in 2009, and after that mainly focused on his academic career including lecturing at universities in the United States, China and in Croatia.

This post appeared first on cnn.com

National security adviser Jake Sullivan claimed in an interview Sunday that Russia, China and Iran are ‘weaker’ and the United States is ‘safer’ after four years under President Biden’s leadership. 

‘Our alliances are stronger than where we found them four years ago,’ Sullivan said on CNN’s State of the Union, referring to President-elect Trump’s first term. ‘They’re stronger than they’ve been in decades. NATO was more powerful, purposeful and bigger. Our alliances in the Asia Pacific are at all-time highs. And our adversaries and competitors are weaker across the board. Russia’s weaker, Iran’s weaker, China’s weaker, and all the while we kept America out of wars.’

‘I think that the American people are safer, and the country is better off than we were four years ago, and we’re handing off that to the next team, as well as having the engines of American power humming,’ Sullivan said. ‘Our economy, our technology, our defense industrial base, our supply chains. So the United States is in a stronger, more secure position, and our competitors and adversaries are weaker and under pressure.’ 

Biden’s presidency was mired by the botched 2021 Afghanistan withdrawal, Russia’s 2022 invasion of Ukraine and the Oct. 7, 2023, terrorist attacks on Israel, as the Pentagon monitors the rising threat of Islamic extremism worldwide. 

Much of Trump’s promise to voters while campaigning for a second term in 2024 centered on justice for the families of the 13 U.S. service members killed at Abbey Gate and promising peace through strength on the world stage. 

Sullivan defended Biden’s handling of the withdrawal on Sunday. 

‘If we were still in Afghanistan today, Americans would be fighting and dying, Russia would have more leverage over us, we would be less able to respond to the major strategic challenges we face,’ Sullivan said. 

‘We have not seen, although the investigation continues, any connection between Afghanistan and the attacker in New Orleans,’ he added, referring to the New Year’s Day truck-ramming attack on Bourbon Street. ‘Now the FBI will continue to look for foreign connections, maybe we’ll find one, but what we’ve seen is proof of what President Biden said, is that the terrorist threat has gotten more diffuse and more metastasized elsewhere, including homegrown extremists here in the United States – not just under President Biden, but under President Trump in his first term, and that is part of why we had to move our focus from a hot war in Afghanistan to a larger counterterrorism effort across the world.’ 

During the final weeks of his presidency, Biden has been rushing billions of dollars more in U.S. aid for Ukraine before Trump takes office.

Meanwhile, the Republican president-elect has claimed the war in Ukraine would never have started under his leadership and vowed to broker a deal to stop the fighting between Moscow and Kyiv. 

At a press conference from his Mar-a-Lago estate in Palm Beach, Florida, last week, Trump warned Hamas terrorists that ‘all hell will break out’ in the Middle East if the remaining hostages aren’t released before he takes office on Jan. 20. 

On the status of the negotiations, Sullivan said, ‘We are very, very close, and yet being very close still means we’re far because until you actually get across the finish line, we’re not there.’ 

Sullivan stressed how President Biden’s top Middle East adviser, Brett McGuirk, had been in Doja for a week ‘hammering out with the mediators the final details of a text to be presented to both sides.’ 

‘And we are still determined to use every day we have in office to get this done,’ Sullivan said. 

This post appeared first on FOX NEWS

President Joe Biden awarded the Presidential Medal of Freedom with distinction, the nation’s highest civilian honor, to Pope Francis on Saturday.

The medal was scheduled to be presented to the pope in person in Rome during what was to be Biden’s final overseas trip of his presidency, but Biden canceled his travel plans so he could monitor the wildfires in California.

Instead, Biden bestowed the award on the pope during a phone call in which they also discussed efforts to promote peace and alleviate suffering around the world.

‘Pope Francis is unlike any who came before,’ a White House announcement reads. ‘Above all, he is the People’s Pope – a light of faith, hope, and love that shines brightly across the world.’

It was the first time during his four years in office that Biden awarded the medal ‘with distinction,’ it said.

Biden, 82, leaves office on Jan. 20. The lifelong Catholic is also a recipient of the award with distinction, recognized when he was vice president by then-President Barack Obama in a surprise ceremony eight years ago. That was the only time in Obama’s two terms when he awarded that version of the medal, according to the Associated Press.

Biden ripped for Medal of Freedom ceremony:

Both Biden and Francis have been weakened by global events, said Massimo Faggioli, an Italian academic and professor at Villanova University who follows the papacy.

‘That is really hard to underestimate how tragic this moment is for both men in different ways,’ he said. ‘Because what could go wrong did go wrong in these few years.’

The Associated Press and Reuters contributed to this report. 

This post appeared first on FOX NEWS

Israeli Prime Minister Benjamin Netanyahu has spoken with US President Joe Biden about the progress in negotiations for a Gaza ceasefire-hostage deal.

“The prime minister discussed with the American president the progress in the negotiations to release our hostages and updated him on the mandate he gave to the negotiating team to Doha in order to advance the release of our hostages,” Netanyahu’s office said in a statement Sunday.

It added, “the prime minister wanted to thank the American President (Joe) Biden and the incoming President Donald Trump for their cooperation for the holy mission.”

The White House said Biden and Netanyahu discussed the negotiations in Doha, based on the proposal the US president laid out in May. Biden once again called for an immediate ceasefire in Gaza, the return of the hostages and increased humanitarian aid to the enclave.

Biden also spoke to Netanyahu about the “fundamentally changed regional circumstances” following the ceasefire in Lebanon in November last year, the collapse of former Syrian President Bashar al-Assad’s regime the following month, and Iran’s weakened position in the region, the White House said.

The call between the two leaders comes as Netanyahu summoned two major critics of Biden’s ceasefire deal proposal to meetings to discuss a potential deal.

Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben Gvir have previously rejected a peace proposal laid out by Biden in May of last year, which would pair a release of hostages with a “full and complete ceasefire.” Both ministers rejected the idea of an immediate ceasefire and have called for fighting to continue until Hamas is destroyed and all hostages are returned.

The far-right ministers have previously threatened to resign and topple Netanyahu’s governing coalition if he accepted Biden’s proposal.

The meetings with the Israeli cabinet members on Sunday come as Israeli negotiators have expressed “cautious optimism” at the talks ongoing in Doha this weekend, which involve a high-level Israeli delegation including Mossad chief David Barnea.

This is a developing story and will be updated.

This post appeared first on cnn.com

Italy’s justice minister has asked an appeals court to revoke the arrest of an Iranian citizen wanted by the US over a drone attack in Jordan that killed three Americans a year ago.

Mohammad Abedini was scheduled to appear at a Milan court on Wednesday in connection with his bid for house arrest pending the extradition process to the U.S.

Iranian state TV said Sunday Abedini will return to Iran “within hours.” The report said the release and return of Abedini came after Iran’s foreign ministry pursued the case, as well as “talks” between Iran’s intelligence ministry and the Italian intelligence service.

Abedini was arrested on a US warrant on December 16, three days before Italian journalist Cecilia Sala was detained while on a reporting trip to Iran. Sala, who was believed held as a bargaining chip for Abedini’s release, returned home last week, giving rise to speculation about his fate.

An official note released by the Justice Ministry on Sunday said that under Italy-US extradition treaties, “only crimes that are punishable according to the laws of both sides can lead to extradition, a condition which, based on the state of documents, can’t be considered as existing.”

The ministry said that the potential charge against Abedini — criminal association for violating the International Emergency Economic Powers Act, a US federal law — “did not correspond to any conduct recognized by Italian law as a crime.”

The US Justice Department has accused Abedini of supplying the drone technology to Iran that was used in a January 2024 attack on a U.S. outpost in Jordan that killed three American troops.

Italian Premier Giorgia Meloni described a “diplomatic triangulation” with Iran and the United States as being key to securing Sala’s release, confirming for the first time that Washington’s interests in the case entered into the negotiations.

Sala’s release came after Meloni made a surprise trip to Florida to meet US President-elect Donald Trump at his Mar-a-Lago estate.

This post appeared first on cnn.com