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The House Oversight Committee is hearing from a billionaire on Wednesday who was named one of Jeffrey Epstein’s co-conspirators by a 2019 FBI document.

Les Wexner is the latest person to be deposed in the House’s investigation into the federal government’s handling of Epstein’s case. 

Unlike most previous depositions, however, committee staff and potentially some lawmakers are traveling to Ohio on Wednesday morning to depose Wexner in his home state.

A spokesperson for Wexner declined to comment on the deposition and on whether he would invoke his Fifth Amendment right to avoid answering questions.

But if he cooperates with the committee’s questioning, Wexner’s insight is likely to be key to unlocking information on just how Epstein obtained his vast wealth before dying by suicide in a Manhattan jail in 2019.

The 88-year-old businessman is the founder of L Brands, formerly called The Limited, through which he acquired well-known companies Victoria’s Secret, Bath & Body Works, Express, and Abercrombie & Fitch, among others.

He was also one of Epstein’s first major clients as a financial advisor, with Epstein being granted power of attorney over Wexner’s vast wealth.

Wexner also sold his Manhattan townhouse to Epstein, which was later discovered to be one of the locations where federal authorities accused Epstein of abusing young women and girls under 18.

But Wexner has never been criminally accused nor charged in relation to the late pedophile’s crimes.

A letter from Wexner to his Wexner Foundation charity dated Aug. 7, 2019, said he ended his relationship with Epstein sometime after the first federal investigation into his crimes emerged nearly 20 years ago.

Wexner also accused Epstein of misusing his vast wealth.

‘As the allegations against Mr. Epstein in Florida were emerging, he vehemently denied them. But by early fall 2007, it was agreed that he should step back from the management of our personal finances. In that process, we discovered that he had misappropriated vast sums of money from me and my family,’ read the letter, obtained by Fox News Digital on Tuesday.

‘This was, frankly, a tremendous shock, even though it clearly pales in comparison to the unthinkable allegations against him now. With his credibility and our trust in him destroyed, we immediately severed ties with him. We were able to recover some of the funds.’

Wexner is the fourth person appearing before the House Oversight Committee in its Epstein probe.

House Oversight Committee Chairman James Comer, R-Ky., previously oversaw the panel through the depositions of former Trump administration Attorney General Bill Barr, ex-Trump Labor Secretary Alex Acosta, who was the U.S. attorney in Florida who signed off on Epstein’s infamous 2008 non-prosecution agreement, and convicted Epstein accomplice Ghislaine Maxwell.

Maxwell’s deposition lasted less than an hour after she invoked the Fifth Amendment, refusing to answer questions unless she was granted clemency by President Donald Trump.

This post appeared first on FOX NEWS

The U.S. is preparing to expand the deployment of advanced missile systems in the northern Philippines, placing additional long-range strike capability within range of key Chinese military assets and reinforcing Washington’s effort to counter Beijing’s growing assertiveness across the Indo-Pacific.

U.S. and Philippine officials announced plans to increase deployments of ‘cutting-edge missile and unmanned systems’ to the treaty ally, as both governments condemned what they described as China’s ‘illegal, coercive, aggressive and deceptive activities’ in the South China Sea.

The move comes as confrontations between Chinese and Philippine vessels have intensified in disputed waters and as Beijing continues to pressure Taiwan, raising the stakes across the region’s most sensitive flashpoints.

It builds on the deployment of the U.S. Army’s Typhon missile system in northern Luzon, Philippines, a ground-based launcher capable of firing Tomahawk cruise missiles that can travel more than 1,000 miles.

Tomahawks can travel more than 1,000 miles — a range that, from northern Luzon, Philippines, places portions of southern China and major People’s Liberation Army (PLA) facilities within reach. The positioning also allows the U.S. and Philippine militaries to cover large swaths of the South China Sea and key maritime corridors connecting it to the broader Pacific.

The U.S. first deployed the Typhon system to Luzon, Philippines, in April 2024. An anti-ship missile launcher known as the Navy Marine Expeditionary Ship Interdiction System was deployed in 2025 to Batan Island in the northernmost Philippine province of Batanes.

That island faces the Bashi Channel, a strategic waterway just south of Taiwan that serves as a critical transit route for commercial shipping and military vessels moving between the South China Sea and the Western Pacific. Control of that channel would be vital in any potential Taiwan contingency.

Beijing has urged Manila to withdraw the U.S. systems from its territory, but officials under President Ferdinand Marcos Jr. have rejected those demands.

‘China has consistently stated its firm opposition to the United States’ deployment of advanced weapons systems in the Philippines. The introduction of strategic and offensive weapons that heighten regional tensions, fuel geopolitical confrontation, and risk triggering an arms race is extremely dangerous. Such actions are irresponsible to the people of the Philippines, to Southeast Asian nations, and to regional security as a whole,’ Chinese embassy spokesperson Liu Pengyu told Fox News Digital.  ‘The United States is not a party to disputes in the South China Sea and has no standing to intervene in maritime issues between China and the Philippines.’

‘The Taiwan question lies at the very heart of China’s core interests. China’s determination to defend its national sovereignty, security, and territorial integrity is unwavering. Any provocation that crosses red lines on Taiwan will be met with resolute countermeasures, and any attempt to obstruct China’s reunification is doomed to fail,’ Liu continued. 

Neither side detailed how many additional systems would be sent or whether the deployments would be permanent, but Philippine Ambassador to Washington Jose Manuel Romualdez said U.S. and Filipino defense officials discussed deploying upgraded missile launchers that Manila may eventually seek to purchase.

‘It’s a kind of system that’s really very sophisticated and will be deployed here in the hope that, down the road, we will be able to get our own,’ Romualdez told The Associated Press.

Romualdez stressed that the deployments are intended as a deterrent.

‘It’s purely for deterrence,’ he said. ‘Every time the Chinese show any kind of aggression, it only strengthens our resolve to have these types.’

China repeatedly has objected to the missile deployments, warning they threaten regional stability and accusing Washington of trying to contain its rise.

In a joint statement following annual bilateral talks in Manila, the U.S. and the Philippines underscored their support for freedom of navigation and unimpeded commerce in the South China Sea — a vital global trade artery through which trillions of dollars in goods pass each year.

‘Both sides condemned China’s illegal, coercive, aggressive and deceptive activities in the South China Sea, recognizing their adverse effects on regional peace and stability and the economies of the Indo-Pacific and beyond,’ the statement said.

China claims virtually the entire South China Sea despite an international tribunal ruling in 2016 that invalidated many of its sweeping claims. In recent years, Chinese coast guard and maritime militia vessels have clashed repeatedly with Philippine ships near disputed shoals, including Second Thomas Shoal.

The expanded missile deployments also come as the Pentagon balances rising tensions in multiple theaters. In recent weeks, the USS Abraham Lincoln carrier strike group — which had been operating in the Indo-Pacific — was redirected toward the Middle East as the U.S. moved to bolster its posture amid escalating tensions with Iran. 

The deployments also reflect a broader U.S. effort to strengthen its military posture along the so-called ‘first island chain’ — a string of territories stretching from Japan through Taiwan and the Philippines that forms a natural barrier to Chinese naval expansion into the Pacific.

Washington has deepened defense cooperation with Manila under the Enhanced Defense Cooperation Agreement, expanding U.S. access to Philippine bases, including sites in northern Luzon close to Taiwan.

China in May released a national security white paper criticizing the deployment of an ‘intermediate-range missile system’ in the region — widely viewed as a reference to the U.S. Typhon launcher in the Philippines. The document accused unnamed countries of reviving a ‘Cold War mentality’ and forming military ‘small groups’ that aggravate regional tensions.

For U.S. planners, dispersing mobile, land-based missile systems across allied territory complicates Beijing’s military calculus. Instead of relying solely on ships and aircraft, the U.S. can field ground-based systems that are harder to track and capable of holding Chinese naval and air assets at risk.

For Beijing, however, such deployments reinforce its long-standing claim that the United States is encircling China militarily.

As tensions simmer in both the South China Sea and around Taiwan, the positioning of long-range U.S. missile systems on Philippine soil underscores how the strategic competition between Washington and Beijing is increasingly being defined by geography — and by which side can project credible deterrent power across it.

This post appeared first on FOX NEWS

Investor Insight

Silverco Mining offers imminent producer status and exceptional leverage to silver prices through an aggressive dual-track growth strategy in Mexico. With resources comprised of more than 85 percent silver, the company provides a direct conduit to silver-dominant cash flow, representing a significant valuation re-rating opportunity. The portfolio is anchored by the past-producing Cusi Mining Complex—which was operational as recently as 2023—and the transformational acquisition of the currently producing La Negra mine. This transition from developer to multi-asset producer is underpinned by a robust balance sheet and a management team with a proven institutional pedigree in mine execution and capital markets.

Overview

Silverco Mining (TSXV:SICO) is an operational-stage silver company focused on the Sierra Madre Occidental belt of Mexico. The company’s core technical strategy involves the optimization of the 100-percent-owned Cusi Mining Complex in Chihuahua, an 11,665-hectare district-scale land package. The asset is supported by institutional-grade infrastructure, including direct connection to the national power grid and paved road access, which drastically reduces the capital intensity of the production restart.

The company is executing a definitive shift toward mid-tier producer status through a binding agreement to acquire Nuevo Silver. This transaction provides Silverco with control over the La Negra mine in Querétaro, an asset that is currently producing and provides immediate top-line revenue. By combining the near-term restart of the Cusi 1,200 tpd mill with the existing production at La Negra, Silverco is bypasssing the traditional multi-year development cycle typically associated with junior miners. This ‘buy-and-build’ approach is led by a technical team with specific expertise in Mexican epithermal vein systems and complex underground mine engineering.

Company Highlights

  • The $62.5 million upsized bought deal financing (closing Q1 2026) and Eric Sprott’s $10 million lead order provide cornerstone validation from a legendary mining investor and the necessary liquidity to fast-track production restarts.
  • The updated Mineral Resource Estimate of 41.2 million ounces of silver equivalent (AgEq) in the Measured and Indicated category establishes a high-confidence geological foundation at Cusi, supporting long-term mine planning.
  • The dual-track growth strategy involving the Cusi restart and the Nuevo Silver/La Negra acquisition provides immediate production scale and a diversified cash-flow profile across two distinct Mexican mining jurisdictions.
  • Pure-play silver exposure with significant de-risking is achieved via the 1,200 tonne-per-day (tpd) Cusi mill, which was producing as recently as 2023, ensuring that surface infrastructure is ‘warm’ and capable of a rapid return to service.
  • Imminent exploration catalysts exist following the completion of a 15,000-metre drill program at Cusi; results are currently pending and are expected to define high-grade extensions at the San Miguel vein.

Key Project: Cusi Mining Complex

The Cusi Mining Complex is a fully permitted, underground silver-lead-zinc-gold operation. Historically, the project has been a silver-pure play, with approximately 85% of revenue derived from silver. Located 135 kilometres west of Chihuahua City, the complex consists of multiple historic mines and a centralized processing facility.

January 2026 Mineral Resource Estimate

Category

Tonnes (M)

Grade (g/t AgEq)

Contained Metal (M oz AgEq)

Measured & Indicated

4.89

262

41.2

Inferred

4.07

243

31.8

Development Status

The current operational focus is the completion of technical and financial milestones required to return the 1,200 tpd mill to full capacity. Silverco recently concluded a 15,000-metre diamond drilling campaign targeting the San Miguel vein and downthrown structural extensions.

Final results from this program are pending and will be integrated into optimized mine restart studies. The company is prioritizing high-grade resource growth and operational optimization to maximize margins in the current silver price environment.

Management & Board

Leadership Team

Mark Ayranto – President, CEO, and Director

Mark Ayranto is a seasoned mining executive with extensive experience in the full life cycle of mine development, from initial advancement through to operational execution.

Sean Fallis – CFO

Sean Fallis is a CPA, CA with a background in senior financial leadership across NYSE, Nasdaq, and TSX-listed firms, specializing in large-scale M&A and corporate finance.

Nico Harvey – Vice-president, Project Development

Nico Harvey is a mining engineer providing technical oversight for both underground and open-pit operations, with a focus on mine planning and project optimization.

Carlos Beltran – Exploration Manager

Carlos Beltran is a specialist in Mexican epithermal systems whose career includes significant involvement in major silver-gold discoveries and resource expansions.

Aaron Ramirez – Administration Manager

Aaron Ramirez manages supply chain and logistics with nearly 20 years of experience supporting international mining operations within Mexico.

Board of Directors

Ricardo Trejo – Project Manager

Ricardo Trejo has over 20 years of experience in management, engineering and operations at multiple mine sites across Mexico. He was most recently the head of mining operations and engineering at Coeur’s Palmarejo

Gary Brown – Director

Gary Brown brings elite institutional credibility as the former CFO of Wheaton Precious Metals for 17 years, where he oversaw the company’s transition into a global precious metals powerhouse.

Gregg Bush – Director

Gregg Bush is a metallurgical engineer with 40 years of experience in international M&A, feasibility studies, and the engineering of large-scale mining infrastructure.

Tim Sorensen – Director

Tim Sorensen is an institutional equity specialist with 25 years in the mining sector; currently the CEO of TSCG Capital, a mining-focused merchant bank.

This post appeared first on investingnews.com

Sigma Lithium (TSXV:SGML,NASDAQ:SGML) has secured another large-scale sale of high-purity lithium fines and activated a production-backed revolving credit facility as it ramps up operations in Brazil.

The lithium producer announced it has agreed to sell 150,000 metric tons (MT) of high-purity lithium fines containing 1 percent lithium oxide at a net final price of US$140 per MT upon warehouse delivery at the port of Vitória.

The buyer has the option to purchase a further 350,000 MT at market prices.

Sigma, which refers to the high-purity fines as a low-grade product, said the optional volumes provide flexibility to respond to market conditions and customer requirements.

According to the company, the sale of its low-grade product could generate proceeds equivalent to the sale of 70,000 MT of its high-grade lithium oxide concentrate. Sigma attributes the marketability of the fines to the processing technology at its Greentech plant, which uses dense media separation and dry stacking.

According to the São Paulo-based company, clients have achieved up to 60 percent recovery when reprocessing the material, producing lithium concentrate with over 4 percent lithium oxide content.

That higher-grade concentrate is currently priced at about US$1,370 per MT on average by Shanghai Metals Market.

“Our sequential sales of the Low Grade Product show how this material can generate recurring value, demonstrating its marketability,” said Marina Bernardini, Sigma vice president of business development. “Continuous demand for the Low Grade Product has supported the creation of an additional revenue stream for the Company.”

The February 13 agreement follows Sigma’s January sale of 100,000 MT of high-purity lithium fines.

At the time, the company reiterated that mining remobilization was proceeding as planned and pushed back against what it described as inaccurate media reports regarding an administrative process related to waste piles.

Alongside the new sale, Sigma confirmed that the resumption of production of its high-grade lithium oxide concentrate has triggered the start of pre-payments under a US$96 million revolving facility.

The unsecured binding agreement, signed with what the company describes as a leading company in the battery materials supply chain, calls for the delivery of 70,500 MT of high-grade concentrate in 2026.

Under the terms, fixed pre-payments of US$8 million are made 30 days prior to production and delivery to the port of Vitória. The first pre-payment was disbursed on January 13.

Each pre-payment carries interest at SOFR plus 1 percent for 30 days until final sale upon delivery. Pricing for each shipment is tied to prevailing spot market prices for high-grade lithium concentrate, as reflected in major industry indexes.

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

This post appeared first on investingnews.com

Global central banks own about 17 percent of all the gold ever mined, with reserves topping 36,520.7 metric tons (MT) at the end of November 2025. They acquired the vast majority after becoming net buyers of the metal in 2010.

Central banks purchase gold for a number of reasons: to mitigate risk, to hedge against inflation and to promote economic stability. Increased concerns over another global financial crisis have as expected led central banks once again to build up their gold reserves.

In a mid-2025 survey, the World Gold Council (WGC) said that 95 percent of the central bankers it polled expect global gold reserves to increase over the next 12 months. The precious metal’s ‘performance during times of crisis’ was cited by 85 percent of respondents as highly or somewhat relevant to their decision, while 80 percent cited its long-term store of value.

Central banks added 863.3 metric tons of gold to their vaults in 2025. While this was lower than the previous three years, which all topped 1,000 MT each, the reserve gains were still well above the 2010 to 2021 annual average of 473 MT.

Yearly central bank gold purchases since 2019.

Chart via the WGC.

A record 95 percent of respondents to the WGC survey stated their belief that central banks will continue to grow their holdings, with 5 percent suggesting they would hold at current levels. For the second year in a row, no respondents expected reserves to decrease.

The Council found that sentiment was consistent across advanced and emerging economies and reflected the strategic role of gold amid dynamic economic and geopolitical uncertainty.

Which central banks hold the most gold?

Read on to find out the 10 top countries by central bank gold holdings, as per data from the WGC, including recent Q4 2024 and full-year 2024 reports.

1. United States

Gold reserves: 8,133.46 metric tons

When it comes to the largest gold depository in the world, the American central bank is number one with 8,133.46 metric tons of gold.

A large percentage of US gold is held in “deep storage” in Denver, Fort Knox and West Point. As the US Treasury explains, deep storage is “that portion of the US Government-owned gold bullion reserve which the Mint secures in sealed vaults that are examined annually by the Treasury Department’s Office of the Inspector General and consists primarily of gold bars.”

The rest of US-owned reserves are held as working stock, which the country’s mint uses as raw material to mint congressionally authorized coins.

2. Germany

Gold reserves: 3,350.3 metric tons

The Bundesbank, Germany’s central bank, currently owns 3,351.53 metric tons of gold. Like many of the central banks on this list, the German national bank stores a significant portion of its gold in foreign central banks.

Today, just over half of Germany’s gold holdings are stored within Frankfurt, while internationally 1,236 MT of gold is stored in the vaults of the New York Federal Reserve, and 12 percent of its holdings are in London.

The Bundesbank’s foreign gold reserves came into question in 2012, when the German Federal Court of Auditors, the Bundesrechnungshof, was openly critical of the Bundesbank’s gold auditing. The German bank issued a public statement defending the security of foreign banks. Privately, the Bundesbank then began the arduous process of repatriating some of its gold stock back to German soil. By 2016, more than 583 MT of gold had been transferred back to Germany.

The economic upheaval and geopolitical volatility brought about by US President Donald Trump’s tariff wars and adversarial posturing toward Europe has led to calls for Germany to consider further repatriating its gold, reported The Guardian in January 2026.

3. Italy

Gold reserves: 2,451.9 metric tons

Banca d’Italia, the national bank of Italy, holds 2,451.84 metric tons of gold. The central bank began amassing its gold in 1893, when three separate financial institutions merged into one. From there, its 78 MT of holdings slowly grew into the large gold reserves it holds today.

Like Germany, Italy stores parts of its reserves offshore. In total, 141.2 MT are located in the UK, 149.3 MT are in Switzerland and 1,061 MT are kept in the US Federal Reserve. Italy houses 1,100 MT of gold domestically.

4. France

Gold reserves: 2,437 metric tons

The Banque de France has 2,437 metric tons of gold reserves, all of which it keeps on hand. The precious metal is stored in the bank’s secure underground vault, dubbed La Souterraine, which is located 27 meters below street level.

La Souterraine’s gold vaults are one of the four designated gold depositories of the International Monetary Fund.

According to Investopedia, the collapse of the Bretton Woods gold standard system was in part due to former French President Charles de Gaulle, who “called the U.S. bluff and began actually trading dollars in for gold from the Fort Knox reserves.” At the time, US President Richard Nixon “was forced to take the U.S. off the gold standard, ending the dollar’s automatic convertibility into gold.”

5. Russia

Gold reserves: 2,326.5 metric tons

The Bank of Russia is the official central bank of the Russian Federation and owns 2,332.74 metric tons of gold. Like France, Russia’s central bank has opted to store all its physical gold domestically. The Bank of Russia stores two-thirds of its gold reserves in a bank building in Moscow, and the remaining one-third in Saint Petersburg.

The majority of the yellow metal is in the form of large, variable-weight standard gold bars weighing between 10 and 14 kilograms. There are also smaller bars on site weighing as much as 1 kilogram each.

Russia, which is the second largest gold producer by country, has been a steady purchaser of the precious metal since roughly 2007, with sales ramping up significantly between 2015 and 2020. However, Russia’s refineries were banned from selling gold bullion into the London market following the country’s invasion of Ukraine. Sanctions by the west also include a freeze on about half of Russia’s gold reserves.

In early 2022, Russia tied its currency, the ruble, to the yellow metal. ‘The plan was to shift the currency away from a pegged value and into the gold standard itself so the ruble would become a credible gold substitute at a fixed rate,’ according to Robert Huish, an Associate Professor in International Development Studies at Dalhousie University.

6. China

Gold reserves: 2,306.3 metric tons

The central bank for Mainland China is the People’s Bank of China (PBoC), located in Beijing. According to the WGC, the national financial institute stores 2,279.56 metric tons of gold, most which has been purchased since 2000. In 2001, the PBoC had 400 MT of gold in reserve, but in just a little more than two decades that total has climbed by 459 percent.

The PBoC issues the Panda gold coin, which was first created in 1982. The Panda coin is now one of the top five bullion coins issued by a central bank. It is among the ranks of the American Eagle, Canadian Maple Leaf, South African Krugerrand and Australian Gold Nugget.

The PBoC was one of the top gold buyers of the world’s central banks for 2024 and 2025, purchasing 44 MT and 27 MT of gold during the years respectively. April 2024 marked the 18th consecutive month of gold buying for China’s central bank, which paused its purchases afterward until picking them up again in November. As of January 2026, it has purchased gold for a further 15 consecutive months.

7. Switzerland

Gold reserves: 1,039.9 metric tons

The Swiss National Bank (SNB) holds the seventh largest central bank gold reserves. Its 1,039.94 metric tons of gold are owned by the state of Switzerland, but the central bank manages and maintains the reserve. The Swiss constitution allows the SNB to buy and sell gold with market trends, but it is not required to report the sales.

After years of opaqueness regarding the country’s golden treasure trove and increased selling in 2011 as prices rose, the Swiss Gold Initiative was launched in 2011.

The initiative called for an amendment to the constitution to add three new points to it. The first was a mandate for all reserve gold to be held physically in Switzerland. The other two dealt with the central bank’s ability to sell its gold reserves, along with a decree that 20 percent of the Swiss bank’s assets be held in gold.

This culminated in a national referendum in 2014 that failed to reach a majority of votes. However, the public conversation did prompt the bank to be more transparent.

According to a 2013 release, the central bank reported that 70 percent of its gold reserve was held domestically, 20 percent was located at the Bank of England and 10 percent was stored with the Bank of Canada.

8. India

Gold reserves: 880.2 metric tons

The Reserve Bank of India is another central bank that has fervently acted to increase its holdings in recent years. It began adding to its gold assets in 2017; however, the majority of its purchases have taken place in the past four years.

Strikingly, after India’s central bank purchased 16 MT of gold in 2023, the institution scooped up another 72 MT of the precious metal in 2024. However, its 2025 purchases totaled just 4 MT, its lowest in eight years.

While more than half of its gold is held overseas in safe custody with the Bank of England and the Bank of International Settlements, about a third of its gold is held domestically. In June 2024, India repatriated 100 MT of gold from the United Kingdom. This was the first time since 1991 that the Reserve Bank of India moved its overseas gold holdings back home.

9. Japan

Gold reserves: 846 metric tons

The Bank of Japan currently holds 846 metric tons of gold. Public information about the Bank of Japan’s gold reserves is hard to come by.

In 2000, the island nation was holding approximately 753 MT of the yellow metal, and by 2004, the Bank of Japan’s gold store had grown to 765.2 MT. Its gold reserves remained at that level until March 2021, when the country purchased 80.76 MT of gold, bringing it to its current total.

10. Turkey

Gold reserves: 613.7 metric tons

The Central Bank of Turkey holds 613.7 metric tons of gold. Turkey has been a consistent gold buyer over the past several years, with its central bank adding 75 MT to its holdings in 2024. While the pace of the country’s buying slowed in 2025, the country accumulated another 27 metric tons through the end of November, making it the year’s fifth-largest gold buyer.

*11. International Monetary Fund

Gold reserves: 2,814 metric tons

The gold reserve held by the International Monetary Fund is the third largest in terms of size at 2,814 metric tons. The large gold reserve was amassed primarily during the founding of the international organization in 1944.

In that inaugural year, it was decided that “25 percent of initial quota subscriptions and subsequent quota increases were to be paid in gold.”

Since 1944, the International Monetary Fund has added gold through the repayment of debts owed by member countries. Nations can also exchange gold for another member country’s currency.

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

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

This post appeared first on investingnews.com

Silverco Mining (TSXV:SICO) is a production-stage silver company targeting opportunities in Mexico’s Sierra Madre Occidental belt. Its primary technical focus is optimizing the wholly owned Cusi Mining Complex in Chihuahua, an 11,665-hectare district-scale property. The site benefits from established, institutional-quality infrastructure—such as direct access to the national power grid and paved roads—significantly lowering the capital requirements for restarting operations.

The company is undertaking a definitive transition toward mid-tier producer status through a binding agreement to acquire Nuevo Silver. This deal gives Silverco control of the La Negra mine in Querétaro, a currently producing asset that delivers immediate top-line revenue. By pairing the near-term restart of the Cusi 1,200 tpd mill with ongoing production at La Negra, Silverco is effectively bypassing the multi-year development cycle typically faced by junior miners.

This “buy-and-build” strategy is driven by a technical team with specialized expertise in Mexican epithermal vein systems and complex underground mine engineering, positioning the company to accelerate growth while maintaining operational discipline.

Company Highlights

  • The $62.5 million upsized bought deal financing (closing Q1 2026) and Eric Sprott’s $10 million lead order provide cornerstone validation from a legendary mining investor and the necessary liquidity to fast-track production restarts.
  • The updated Mineral Resource Estimate of 41.2 million ounces of silver equivalent (AgEq) in the Measured and Indicated category establishes a high-confidence geological foundation at Cusi, supporting long-term mine planning.
  • The dual-track growth strategy involving the Cusi restart and the Nuevo Silver/La Negra acquisition provides immediate production scale and a diversified cash-flow profile across two distinct Mexican mining jurisdictions.
  • Pure-play silver exposure with significant de-risking is achieved via the 1,200 tonne-per-day (tpd) Cusi mill, which was producing as recently as 2023, ensuring that surface infrastructure is ‘warm’ and capable of a rapid return to service.
  • Imminent exploration catalysts exist following the completion of a 15,000-metre drill program at Cusi; results are currently pending and are expected to define high-grade extensions at the San Miguel vein.

This Silverco Mining profile is part of a paid investor education campaign.*

Click here to connect with Silverco Mining (TSXV:SICO) to receive an Investor Presentation

This post appeared first on investingnews.com

Senate Republicans now have enough support within their conference to pass Trump-backed voter ID legislation, but a major hurdle remains.

The Safeguarding American Voter Eligibility (SAVE) America Act has secured the backing of 50 Senate Republicans, following a pressure campaign by the White House and a cohort of Senate conservatives over the past several weeks.

Sen. Mike Lee, R-Utah, has led the charge in the upper chamber, ramping up his efforts last week as the bill moved through the House.

Lee told Fox News Digital that he was ‘ecstatic’ about the progress made in shoring up support for the legislation and hoped the Senate would move as quickly as possible to consider it. 

‘I would love to see us turn to it next week, perhaps the day after the State of the Union address,’ Lee said. ‘I think that would be good timing. But I think this needs to get done sooner rather than later.’

That multifaceted campaign — both on social media and behind closed doors in the Senate — proved successful, drawing support from Senate Majority Leader John Thune, R-S.D., and several others.

Sen. Susan Collins, R-Maine, became the 50th senator to back the bill. That gives Republicans the internal support they need to advance the legislation procedurally, but only if they turn to the standing, or talking, filibuster.

Before leaving Washington, D.C., for a weeklong break last week, Lee and other supporters, including Sens. Ron Johnson, R-Wis., and Rick Scott, R-Fla., pitched the voter ID proposal and potential pathways to pass it to colleagues.

‘We had some good senators stand up and say, ‘No, we got to fight for this,’’ Johnson told Fox News Digital. ‘I’m with them. We need to fight for this.’

Still, the effort faces heavy resistance from Senate Democrats, who are nearly unified in their opposition.

The only potential outlier is Sen. John Fetterman, D-Pa., who has pushed back against Senate Minority Leader Chuck Schumer’s, D-N.Y., characterization of the bill as ‘Jim Crow 2.0’ but has not said whether he would ultimately support the SAVE America Act.

Despite that possibility, Schumer and most of his caucus plan to block the legislation.

‘We will not let it pass in the Senate,’ Schumer told CNN’s Jake Tapper. ‘We are fighting it tooth and nail.’

Not every Senate Republican is onboard, either. Sen. Lisa Murkowski, R-Alaska, has announced she will vote against the measure, while Sens. Mitch McConnell, R-Ky., and Thom Tillis, R-N.C., have not signed on as co-sponsors.

One option to bypass Democratic opposition would be nuking the filibuster and its 60-vote threshold — a move some congressional Republicans argue has effectively become a ‘zombie filibuster,’ since legislation can be blocked simply by withholding votes rather than holding the floor.

Despite previous pressure from President Donald Trump to eliminate the filibuster, the move does not have the votes among Republicans to succeed — a point Thune underscored last week.

‘There aren’t anywhere close to the votes — not even close — to nuking the filibuster,’ Thune said.

That leaves a return to the standing, or talking, filibuster — the precursor to today’s procedural hurdle. Under that approach, Senate Democrats would be required to hold the floor and publicly debate their opposition, as senators did for decades before the modern filibuster became standard practice.

The idea appears to be gaining traction among some Republicans, though critics warn it could effectively paralyze the upper chamber for days, weeks or even months, depending on Democrats’ resolve.

Lee said that many senators he’s spoken with are open to the idea, and that those who were reluctant didn’t believe it wouldn’t work. 

‘I understand why people might have questions about a procedure that we’re not familiar with,’ Lee said. ‘It doesn’t mean we don’t have to do it, because we do.’

Meanwhile, Trump has suggested he could take matters into his own hands if Congress cannot pass the SAVE America Act.

In a Truth Social post last week, Trump called the legislation a ‘CAN’T MISS FOR RE-ELECTION IN THE MIDTERMS, AND BEYOND.’

‘This is an issue that must be fought, and must be fought, NOW! If we can’t get it through Congress, there are legal reasons why this SCAM is not permitted,’ Trump wrote. ‘I will be presenting them shortly, in the form of an Executive Order.’

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The Senate inched closer to striking a compromise on a Homeland Security (DHS) funding deal as the partial government shutdown entered its fourth day Tuesday.

Whether Senate Democrats and the White House can reach a deal this week while lawmakers are out of town remains an open question.

Negotiations between the Trump administration and Senate Democrats were seemingly at an impasse through much of Monday after little activity over the weekend. The White House provided a counteroffer to Democrats’ list of demands midway through last week, which they summarily rejected and, in turn, blocked attempts to fund DHS.

But that changed when Senate Minority Leader Chuck Schumer’s, D-N.Y., office announced that Senate Democrats had sent their counterproposal to the White House late Monday night. 

Senate Majority Leader John Thune, R-S.D., was wary of whether Schumer and his caucus would actually put forth a response, but remained hopeful that negotiations would continue. 

‘We’ll see if they are at all serious about actually getting a solution to this, or whether they just want to play political games with these really important agencies,’ Thune told Fox News Digital. 

He also noted that lawmakers went through the same exercise last year when Senate Democrats slow-walked negotiations during the 43-day shutdown.  

‘It’s wrong, in my view, for Democrats to use these folks as collateral in yet another harmful government shutdown,’ Thune said.

The administration wants to keep the dialogue going, a White House official told Fox News Digital.

‘The Trump administration remains interested in having good-faith conversations with Democrats,’ the White House official said.

The official noted that Senate Democrats’ refusal to extend DHS funding is affecting several key functions under the agency’s umbrella, including the Transportation Security Administration (TSA), the Federal Emergency Management Agency (FEMA), the U.S. Coast Guard and the U.S. Secret Service.

‘President Trump has been clear — he wants the government open,’ the official said.

The partial government shutdown, which went into effect over the weekend, stems from Schumer and Senate Democrats’ demands for reforms to Immigration and Customs Enforcement (ICE).

ICE operations are unlikely to be significantly affected by the lapse in DHS funding, as legislation backed by President Donald Trump allocates billions of dollars to immigration enforcement.

Both sides remain at odds over how far those changes should go. Senate Republicans have signaled willingness to cede some ground but have drawn a red line on certain demands, such as requiring ICE agents to obtain judicial warrants or prohibiting them from wearing face coverings during enforcement actions.

Senate Democrats, however, describe their 10 demands as straightforward reforms designed to ensure federal immigration agents adhere to standards similar to those governing local and state police.

‘There’s not much we need to figure out,’ Sen. Elizabeth Warren, D-Mass., told Fox News Digital. ‘Either you think ICE agents are special, and they get to own our streets with no accountability, or that ICE agents should follow the same rules as everyone else — that’s all Democrats are asking for.’

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The State Department’s allegation that China conducted a yield-producing nuclear test in 2020 is reigniting debate in Washington over whether the United States can continue its decades-long moratorium on nuclear weapons testing. 

U.S. officials warned that Beijing may be preparing tests in the ‘hundreds of tons’ range — a scale that underscores China’s accelerating nuclear modernization and complicates efforts to draw Beijing into arms control talks.

Under Secretary of State for Arms Control and International Security Thomas DiNanno said recently that the United States has evidence China conducted an explosive nuclear test at its Lop Nur site.

‘I can reveal that the U.S. government is aware that China has conducted nuclear explosive tests, including preparing for tests with designated yields in the hundreds of tons,’ DiNanno said during remarks at the United Nations Conference on Disarmament.

He added that ‘China conducted one such yield-producing nuclear test on June 22 of 2020.’

DiNanno also accused Beijing of using ‘decoupling’ — detonating devices in ways that dampen seismic signals — to ‘hide its activities from the world.’

China’s foreign ministry has denied the allegations, accusing Washington of politicizing nuclear issues and reiterating that Beijing maintains a voluntary moratorium on nuclear testing.

But the accusation has sharpened questions about verification, deterrence and whether the U.S. stockpile stewardship program — which relies on advanced simulations rather than live detonations — remains sufficient in an era of renewed great-power nuclear competition.

Why small nuclear tests are hard to detect

Detecting small underground nuclear tests has long been one of the thorniest problems in arms control.

Unlike the massive atmospheric detonations of the Cold War, modern nuclear tests are conducted deep underground. If a country uses so-called ‘decoupling’ techniques — detonating a device inside a large underground cavity to muffle the seismic shock — the resulting signal can be significantly reduced, making it harder to distinguish from natural seismic activity.

That vulnerability has been debated for decades in discussions over the Comprehensive Nuclear-Test-Ban Treaty, which China signed but never ratified. Even a relatively small underground detonation can provide valuable weapons data while remaining difficult to detect.

‘If you detonate a device inside a large underground cavity, you can significantly attenuate the seismic signature,’ said Chuck DeVore, chief national initiatives officer at the Texas Public Policy Foundation and a former Pentagon official. ‘That makes it much harder to detect with confidence.’

Are simulations enough?

China signed the Comprehensive Nuclear-Test-Ban Treaty in 1996 but has not ratified it, and the treaty has never entered into force. It has maintained a voluntary testing moratorium — a commitment that a yield-producing detonation would contradict.

As China expands its nuclear arsenal and major arms control frameworks falter, the Cold War principle of ‘trust but verify’ is under growing strain.

‘The arms control community should feel thoroughly discredited at this point,’ DeVore said, arguing that policymakers should not assume Western restraint will be reciprocated by Beijing.

For decades, the U.S. has relied on the Stockpile Stewardship Program — advanced computer modeling and simulations — to ensure its weapons remain reliable without explosive testing. DeVore warned that this approach may no longer be sufficient if competitors are conducting live detonations.

‘The question presupposes that we only live in a technical world,’ he told Fox News, arguing that relying solely on simulations while rivals ‘cheat at every treaty they’ve ever signed’ risks leaving the United States behind.

DeVore also pointed to what he described as a growing institutional challenge.

‘Virtually everyone who had direct experience with live testing is now retired,’ he said. ‘Rebuilding that expertise would take years.’

But not all nuclear experts agree that resuming testing is the answer.

Henry Sokolski, executive director of the Nonproliferation Policy Education Center, cautioned that a return to live detonations would be far more complex and costly than critics of the current system suggest.

‘Yield testing isn’t a magic switch,’ Sokolski said. ‘If you want meaningful reliability data, you don’t do one test — you do many.’

He noted that the United States conducted more than 1,000 nuclear tests during the Cold War, building a deep database that now underpins the program. Restarting that process, he argued, would likely require years of preparation and significant funding before yielding strategic benefits.

‘The debate isn’t pro-nuclear weapon versus anti-nuclear weapon,’ Sokolski said. ‘It’s about what’s technically necessary and what’s economical.’

A debate inside the weapons complex

Sokolski said the disagreement extends even within the U.S. nuclear weapons complex.

‘Certainly at one of our major labs that likes using calculations — that’s Livermore — they would say you’re home,’ he said, referring to confidence in advanced simulations and hydrodynamic modeling.

Others place greater weight on empirical validation and preserving the option of live testing.

The dispute, he said, is not ideological but technical — centered on confidence levels, cost and long-term strategic planning.

Allies and the credibility question

The implications extend beyond Washington and Beijing. 

Sokolski warned that the credibility of ‘extended deterrence’ — the U.S. commitment to defend allies under its nuclear umbrella — could come under strain if doubts grow about American resolve or capability.

‘Do they think you’re going to come to their defense?’ Sokolski said. ‘If they don’t, it doesn’t matter how reliable your weapons are, extended deterrence isn’t going to work very well.’

Allies such as Japan and South Korea long have relied on U.S. nuclear guarantees rather than pursuing independent arsenals. Any perception that the balance is shifting could complicate regional stability and long-standing nonproliferation efforts.

The policy crossroads

For now, U.S. lab directors continue to certify that the American arsenal remains safe, secure and reliable without explosive testing. But Heather Williams, director of the Project on Nuclear Issues at the Center for Strategic and International Studies, said sustained testing by competitors — particularly absent transparency — could alter that calculus.

‘If Russia and China continue their nuclear testing activities without providing some sort of transparency, then the technical community might make a different assessment,’ she said.

The debate confronting U.S. policymakers is not simply whether to test, but under what conditions testing would meaningfully strengthen deterrence rather than accelerate competition.

Trump previously has suggested the U.S. should ensure testing ‘on an equal basis’ with competitors, though his administration has not formally announced a policy shift.

Trump in October 2025 suggested the U.S. should consider resuming nuclear weapons testing ‘on an equal basis’ with other powers, and at one point said that if others were testing, ‘I guess we have to test.’ 

The president did not clarify whether he meant full nuclear explosive detonations, which the U.S. has not conducted since 1992,  or other forms of testing such as delivery system evaluations that do not involve nuclear explosions. Any return to explosive testing would represent a significant shift in U.S. policy.

The White House did not immediately return a request for comment. 

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