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Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

Business 4 Mins Read

Charlie Javice, the founder of a startup company that sought to dramatically improve how students apply for financial aid, was sentenced Monday to more than seven years in prison for cheating JPMorgan Chase out of $175 million by greatly exaggerating how many students it served.

Javice, 33, was sentenced in Manhattan federal court for her March conviction by Judge Alvin K. Hellerstein, who said she committed “a large fraud” by duping the bank giant in the summer of 2021. She made false records that made it seem the company, called Frank, had over 4 million customers when it had fewer than 300,000, Hellerstein found.

The judge said Javice had assembled a “very powerful list” of her charitable acts, which included organizing soup kitchens for the homeless when she was 7 years old and designing career programs for formerly incarcerated women.

In court papers, defense lawyers noted that Javice has faced extraordinary public scrutiny, reputational destruction and professional exile, “making her a household name” in the same way Elizabeth Holmes became synonymous with her blood-testing company, Theranos.

Defense attorney Ronald Sullivan told Hellerstein that his client was very different from Holmes because what she created actually worked, unlike Holmes, “who did not have a real company” and whose product “in fact endangered patients.”

In seeking a 12-year prison sentence for Javice, prosecutors cited a 2022 text Javice sent to a colleague in which she called it “ridiculous” that Holmes got over 11 years in prison.

Hellerstein largely dismissed arguments that he should be lenient because the acquisition pitted “a 28-year-old versus 300 investment bankers from the largest bank in the world,” as Sullivan put it.

Still, the judge criticized the bank, saying “they have a lot to blame themselves” after failing to do adequate due diligence. He quickly added, though, that he was “punishing her conduct and not JPMorgan’s stupidity.”

Sullivan said the bank rushed its negotiations because it feared another bank would acquire Frank first.

A prosecutor, Micah Fergenson, though, said JPMorgan “didn’t get a functioning business” in exchange for its investment. “They acquired a crime scene.”

Fergenson said Javice was driven by greed when she saw that she could pocket $29 million from the sale of her company.

“Ms. Javice had it dangling in front of her and she lied to get it,” he said.

Given a chance to speak, Javice said she was “haunted that my failure has transformed something meaningful into something infamous.” She said she “made a choice that I will spend my entire life regretting.”

Javice, sometimes speaking through tears, apologized and sought forgiveness from “all the people touched or tarnished by my actions,” including JPMorgan shareholders, Frank employees and investors, along with her family.

Javice, who lives in Florida, has been free on $2 million bail since her 2023 arrest.

At trial, Javice, a graduate of the University of Pennsylvania’s Wharton School of Business, was convicted of conspiracy, bank fraud and wire fraud charges. Her lawyers had argued that JPMorgan went after Javice because it had buyer’s remorse.

In her mid-20s, Javice founded Frank, a company with software that promised to simplify the arduous process of filling out the Free Application for Federal Student Aid, a complex government form used by students to apply for aid for college or graduate school.

Frank’s backers included venture capitalist Michael Eisenberg. The company said its offering, akin to online tax preparation software, could help students maximize financial aid while making the application process less painful.

The company promoted itself as a way for financially needy students to obtain more aid faster, in return for a few hundred dollars in fees. Javice appeared regularly on cable news programs to boost Frank’s profile, once appearing on Forbes’ “30 Under 30” list before JPMorgan bought the startup in 2021.

Javice was among a number of young tech executives who vaulted to fame with supposedly disruptive or transformative companies, only to see them collapse amid questions about whether they had engaged in puffery and fraud while dealing with investors.

In their pre-sentence submission, prosecutors wrote that they were requesting a lengthy prison sentence to send a message that fraud in the sale of startup companies is “no less blameworthy than other types of fraud and will be punished accordingly.”

Prosecutors added that the message was “desperately needed” because of “an alarming trend of founders and executives of small startup companies engaging in fraud, including making misrepresentations about their companies’ core products or services, in order to make their companies attractive targets for investors and/or buyers.”

This post appeared first on NBC NEWS

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Investing

Golconda Gold

Investing 6 Mins Read

Investor Insight

With a growth-oriented strategy, Golconda Gold is positioning itself as one of the highest-torque junior gold producers in the sector with assets in prolific gold districts in South Africa and the US. For investors bullish on gold, Golconda is a unique opportunity: a profitable producer with meaningful growth ahead, exposure to both gold and silver, and the discipline to deliver shareholder value in a capital-efficient way.

Overview

Golconda Gold (TSXV:GG;OTCQB:GGGOF) is an unhedged gold producer and explorer with operations in South Africa and the United States. The company is focused on optimizing its current mining and processing operations, reducing costs, and growing organically while pursuing accretive acquisition opportunities.

Its growth story is underpinned by two cornerstone assets: Galaxy Gold, the company’s cash-flowing, long-life South African operation; and Summit, a high-grade silver-gold project in New Mexico poised for a restart. Galaxy provides a steadily growing, self-funded production base, while Summit is positioned as the next major catalyst for Golconda, broadening investor exposure to silver and US operations. These assets enable Golconda to deliver meaningful production growth without dilution, providing investors direct leverage to gold prices at a time when juniors remain undervalued relative to commodity prices.

With strong insider ownership and a disciplined approach to capital, Golconda offers investors a unique combination of operating stability, near-term growth and upside exploration potential.

Company Highlights

  • Significant Production Growth: On track to triple production over three years at Galaxy while bringing Summit online in Q2 2026.
  • Summit Restart and Spin-out: Fully permitted past-producing mine in New Mexico, expected to restart in Q2 2026 and spin out as a standalone US-focused gold-silver producer in Q4 2026.
  • No Dilution Strategy: Growth funded through operating cash flow rather than equity raises, ensuring torque to gold without shareholder dilution.
  • Insider Alignment: Management and insiders control more than 40 percent of shares, aligning leadership directly with shareholder interests.
  • Jurisdictional Strengths: Operations in South Africa’s Barberton Greenstone Belt (long history of gold mining, strong infrastructure) and in the US southwest.
  • Exploration Upside: Both Galaxy and Summit hold substantial untested upside with additional ore bodies and underexplored zones.

Key Projects

Galaxy Gold Mine

Galaxy is Golconda’s cornerstone asset and currently the company’s sole producing mine. Situated in the Barberton Greenstone Belt, one of South Africa’s most prolific gold districts with nearly 150 years of mining history, the mine benefits from established infrastructure, sealed-road access and proximity to skilled mining services. The property hosts a large resource base of 941,000 oz of gold in the measured and indicated categories grading 2.79 grams per ton (g/t), plus 1.37 million oz (Moz) inferred at 2.62 g/t.

Snapshot of Galaxy Gold Mine Operations

The operation is an underground, trackless mechanized mine, currently producing at a run rate of ~12,000 oz/year, with a multi-stage ramp-up plan to 25,000 oz/year by 2027 and up to 45,000 oz/year by 2028. Ore is processed through a 50,000 tonnes per month (tpm) crush-mill-float plant, which was refurbished with a new mill, concentrate tanks, and a filter press. The plant is already capable of handling the full ramp-up capacity, allowing it to expand with minimal capital outlay.

Galaxy produces a refractory gold concentrate sold directly to Ocean Partners, eliminating the need for BIOX or other complex high-capex processing routes. This low-risk sales model enables Galaxy to operate profitably and reinvest cash flow into mine development. The mine plan leverages both the Princeton and Galaxy ore bodies, with development into additional levels and ore bodies among the 21 known mineralized zones on the property. Over its history, Galaxy (formerly, the Agnes mine) has produced more than 1.3 Moz of gold, with current exploration drilling continuing to identify significant upside at depth and along strike.

Economically, Galaxy is highly accretive: at $3,000/oz gold, the operation generates an after-tax NPV5 percent of US$201 million, with life-of-mine free cash flow exceeding US$270 million on conservative assumptions. The operation has a projected all-in sustaining cost (AISC) of ~US$1,000/oz once ramp-up is complete, positioning it competitively within the global cost curve.

Summit Gold-Silver Mine and Banner Mill

The Summit mine, located in the Steeple Rock Mining District of southwestern New Mexico, is a high-grade past-producing underground operation. The New Mexico portfolio also includes the Banner mill, a 240 tpd flotation facility located 57 miles from Summit via paved highways and sealed roads. Golconda acquired the project from Waterton in 2021, along with a streamlined land package totaling ~4,000 acres of patented and unpatented claims.

Summit Mine and Banner Mills snapshot

Summit hosts a defined resource of 1.4 Moz silver and 26,000 oz gold in measured and indicated categories, plus 5.1 Moz silver and 74,000 oz gold inferred. The mine is fully permitted and is expected to restart in Q2 2026, with first concentrate production within 9 to 12 months. The restart strategy is fully funded internally from Galaxy cash flows, ensuring no dilution to shareholders.

The planned annual production profile targets ~10,000 oz gold and 444,000 oz silver at steady state, with an average AISC of US$1,600/oz gold equivalent. At $3,000/oz gold and $35/oz silver, Summit delivers an after-tax NPV5 percent of US$105 million, with cumulative free cash flow of ~US$135 million over its mine life. The project is structured to be spun out into a standalone US-only gold-silver producer by Q4 2026, broadening investor appeal and potentially unlocking a higher valuation multiple.

The Banner Mill 240-tpd flotation facility 57 miles from the Summit mine

Exploration upside at Summit is significant. The Billali Zone, northwest of the main deposit, has returned historical intercepts including 681 g/t silver and 9.38 g/t gold over 4.4 m and hosts a 1992 historical resource of 288,000 tonnes grading 121 g/t silver and 3.67 g/t gold. The nearby Mohawk Area features a 2,000 ft IP anomaly with drill intercepts including 1.5 m at 437.5 g/t silver and 9.34 g/t gold at depth. Both zones remain open and underexplored, providing clear potential to extend mine life and scale production.

Summit’s restart and planned spin-out will give Golconda a second producing asset in a Tier 1 jurisdiction, diversify its commodity mix with silver exposure, and broaden its investor base, while maintaining the company’s no-dilution philosophy.

Management Team

Ravi Sood – Chairman and CEO

Ravi Sood has more than 25 years of experience in capital markets and operations. He is the founder and former CEO of Navina Asset Management, and director of Elemental Altus Royalties and Sparq Systems. He founded and/or co-founded multiple companies in mining, energy and renewables.

Andrew Bishop – Chief Financial Officer

A chartered accountant with more than 22 years of financial and mining experience in Africa and North America, Andrew Bishop brings strong financial discipline and operational insight to Golconda. He was previously with Aureus Mining, Avesoro Resources and Golden Star.

Wayne Hatton Jones – Chief Operating Officer

Wayne Hatton Jones is a mining professional with 38 years of experience in Africa, Asia and Europe. He previously worked at Goldridge, Avocet, Randgold and Harmony. His expertise includes mine development, metallurgy and operations.

This post appeared first on investingnews.com

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Business

Trump says U.S. will impose new tariffs on heavy trucks, drugs and kitchen cabinets

Business 3 Mins Read

President Donald Trump on Thursday announced a new round of punishing tariffs, saying the United States will impose a 100% tariff on imported branded drugs, 25% tariff on imports of all heavy-duty trucks and 50% tariffs on kitchen cabinets.

Trump also said he would start charging a 30% tariff on upholstered furniture next week.

He said the new heavy-duty truck tariffs were to protect manufacturers from “unfair outside competition” and said the move would benefit companies such as Paccar-owned PCAR.O Peterbilt and Kenworth and Daimler Truck-owned DTGGe.DE Freightliner.

Trump has launched numerous national security probes into potential new tariffs on a wide variety of products.

He said the new tariffs on kitchen, bathroom and some furniture were because of huge levels of imports that were hurting local manufacturers.

“The reason for this is the large-scale ‘FLOODING’ of these products into the United States by other outside Countries,” Trump said, citing national security concerns about U.S. manufacturing.

The U.S. Chamber of Commerce urged the department not to impose new tariffs, noting the top five import sources are Mexico, Canada, Japan, Germany and Finland “all of which are allies or close partners of the United States posing no threat to U.S. national security.”

Mexico is the largest exporter of medium- and heavy-duty trucks to the United States. A study released in January said imports of those larger vehicles from Mexico have tripled since 2019.

Higher tariffs on commercial vehicles could put pressure on transportation costs just as Trump has vowed to reduce inflation, especially on consumer goods such as groceries.

Tariffs could also affect Chrysler-parent Stellantis STLAM.MI, which produces heavy-duty Ram trucks and commercial vans in Mexico. Sweden’s Volvo Group VOLVb.ST is building a $700 million heavy-truck factory in Monterrey, Mexico, set to start operations in 2026.

Mexico is home to 14 manufacturers and assemblers of buses, trucks, and tractor trucks, and two manufacturers of engines, according to the U.S. International Trade Administration.

The country is also the leading global exporter of tractor trucks, 95% of which are destined for the United States.

“We need our Truckers to be financially healthy and strong, for many reasons, but above all else, for National Security purposes!” Trump added.

Mexico opposed new tariffs, telling the Commerce Department in May that all Mexican trucks exported to the United States have on average 50% U.S. content, including diesel engines.

Last year, the United States imported almost $128 billion in heavy vehicle parts from Mexico, accounting for approximately 28% of total U.S. imports, Mexico said.

The Japanese Automobile Manufacturers Association also opposed new tariffs, saying Japanese companies have cut exports to the United States as they have boosted U.S. production of medium- and heavy-duty trucks.

This post appeared first on NBC NEWS

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Politics

Biden admin put some Americans who resisted mask mandates or were involved in Jan 6 on severe no-fly list: TSA

Politics 4 Mins Read

The Transportation Security Administration (TSA) and the Department of Homeland Security (DHS) uncovered that the Biden administration placed some Americans who resisted the COVID-19 mask mandate or were involved in the events of Jan 6, 2021, on prolonged TSA watchlists, including some on a no-fly list typically reserved for suspected terrorists.

Fox News Digital acquired the findings of an internal investigation conducted by the agencies that showed that then-President Joe Biden’s TSA initiated ‘Operation Freedom to Breathe’ in September 2021, roughly six months after the CDC relaxed the COVID-19 mask mandate, which targeted Americans who previously resisted mask mandates set forth by the Biden Administration. 

The initiative placed 19 Americans on various levels of intensive watchlists, with more than half added to the highest severity no-fly list, preventing them from boarding a flight in the U.S. entirely. Eleven of the individuals remained on watchlists until April 2022, when the national mask mandate was lifted by the Biden administration. 

‘Biden’s TSA Administrator [David] Pekoske and his cronies abused their authority and weaponized the federal government against the very people they were charged with protecting,’ Homeland Security Secretary Kristi Noem told Fox News Digital. 

‘Biden’s TSA wildly abused their authority, targeting Americans who posed no aviation security risk under the banner of political differences,’ Noem added. ‘President Trump promised to end the weaponization of government against the American people, and we are making good on that promise.’

Fox News Digital reached out to Pekoske, but did not receive a response.

The investigation also concluded that Biden’s TSA placed roughly 280 individuals allegedly involved in the Capitol protests on Jan 6, 2021, on watchlists, including five on a no-fly list. 

Biden’s TSA ignored internal concerns raised by career intelligence officials and TSA’s Chief Privacy Officer that placing individuals on the list ‘is clearly unrelated to transportation security,‘ and that ‘TSA is punishing people for the expression of their ideas when they haven’t been charged, let alone convicted of incitement or sedition,’ according to emails from a top privacy official at TSA dated Jan 13, 2021, obtained by Fox News Digital.

Another TSA intelligence employee also expressed worry over watchlisting individuals allegedly involved in the Capitol protest, saying most individuals who were arrested ‘are technically curfew breakers,’ and that ‘I hope we don’t end up adding them [to a watchlist] on just the arrest,’ according to an internal email obtained by Fox.

Internal emails said that TSA mainly relied on the George Washington University Program of Extremism academic database and social media, rather than traditional sources like the FBI and local police, to determine which individuals should be placed on watchlists.

One individual, a national guardsman deployed to the Capitol for Biden’s inauguration on Jan 20, 2021 and was not present at the Capitol on Jan 6, 2021, was added to a no-fly list because of bad intelligence from Biden’s FBI.

Another individual, the wife of a federal air marshal who was also not present at the Capitol on Jan 6, was added to a watchlist due to additional bad intelligence from the Biden FBI.

Americans allegedly involved with the events of Jan 6, 2021, who were not tied to unrelated, individual incidents, were removed from various watchlists on June, 28, 2021. 

A majority of Americans allegedly involved with the events of Jan 6, 2021, who were placed on watchlists were removed from them on June, 28, 2021, though some who had been charged remained watchlisted until they were cleared.

Sources at TSA say the Biden administration’s targeting of Americans is the most expansive use of putting U.S. citizens on a no-fly list in history. 

Noem told Fox News Digital that the agency will be ‘referring this case to the Department of Justice and for Congressional investigation.’

Preston Mizell is a writer with Fox News Digital covering breaking news. Story tips can be sent to Preston.Mizell@fox.com and on X @MizellPreston

This post appeared first on FOX NEWS

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Investing

Standard Uranium Executes Definitive Agreement to Option Rocas Uranium Project and Initiates Inaugural Exploration Program

Investing 10 Mins Read

Standard Uranium Ltd. (TSXV: STND,OTC:STTDF) (OTCQB: STTDF) (FSE: 9SU0) (‘Standard Uranium’ or the ‘Company’) is pleased to announce that it has signed a definitive property option agreement (the ‘Option Agreement’), dated September 26, 2025, with Collective Metals Inc. (CSE: COMT) (the ‘Optionee’), an arms-length party. Pursuant to the Option Agreement, the Optionee has been granted the option (the ‘Option’) to acquire a seventy-five percent interest in the 4,002-hectare Rocas Project (‘Rocas’ or the ‘Project’) located in the eastern Athabasca Basin region (Figure 1).

Rocas Project Highlights:

  • Prime Location – More than 7.5 km of exploration strike length along a strong NE-SW magnetic low trend coincident with EM conductors and cross-cutting faults, providing shallow drill targets south of Key Lake.
  • Uranium at Surface – Mineralized outcrop grab samples along approximately 900 metres of strike length, grading up to 0.5 wt.% U3O8 and never drill tested1 (Figure 2).
  • New Uranium Targets – Results from a high-resolution ground gravity survey completed in 2024 highlight potential alteration halos and high-priority exploration targets along well defined structural corridors.

Sean Hillacre, Standard Uranium President and VP Exploration, stated: ‘We are very pleased to have executed the Rocas Option deal with our new partners at Collective Metals quickly, allowing our team to get boots on the ground before the snow flies in Saskatchewan. This inaugural program will allow us to build a comprehensive understanding of the geology across Rocas prior to a maiden drill program, in addition to ground-truthing historic uranium occurrences through scintillometer prospecting and re-sampling.’

Figure 1. Regional map of Standard Uranium’s Rocas Project. The Project is located 75 kilometers southwest of the Key Lake Mine and Mill facilities along Highway 914.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/268295_a4e5e0de94dd487b_001full.jpg

About the Rocas Project

The Rocas project comprises 4,002 hectares, located 75 kilometers southwest of the Key Lake Mine and Mill facilities along Highway 914, and approximately 72 kilometers south of the present-day margin of the Athabasca Basin. The project was acquired via staking in May 2023 and recently expanded by an additional 931 hectares. Standard Uranium holds a 100%-interest in the Property.

The Project covers 7.5 kilometres of a northeast trending magnetic low/electromagnetic (‘EM’) conductor corridor which hosts several uranium showings, including historical mineralized outcrop grab samples along approximately 900 metres of strike length, grading up to 0.5 wt.% U3O81. Notably, none of the historical uranium occurrences have been drill-tested.

Historical airborne EM work in 2017 defined conductive trends on the Project west of and sub-parallel to the Key Lake Road shear zone, corresponding with favourable metasedimentary basement lithologies. Multiple parallel conductors, offsets, and termination points indicate the trend widening and potential cross-cutting structures. Additionally, a 2007 field sampling program identified anomalous lakebed geochemical anomalies that statistically rank as greater than 95th percentile U, Co, V, and Zn along the conductor corridor, including high U/Th ratios2.

Figure 2. Geophysical map of the Rocas Project highlighting EM conductors, faults, historical uranium showings, and anomalous lakebed geochemistry.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/268295_a4e5e0de94dd487b_002full.jpg

Exploration Plans

The Company’s technical team will mobilize to the Rocas Project on September 30th, 2025, to undertake a detailed mapping, prospecting, and sampling program to ground-truth historical uranium showings at surface. Collected grab samples will be transported to Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon, SK for geochemical analysis.

In 2024, the Company contracted MWH Geo-Surveys (Canada) Ltd. to complete a high-resolution ground gravity survey along known conductive exploration trends on the Rocas project. The survey was designed to aid in the identification of potential zones of hydrothermal alteration of host rocks associated with uranium mineralization events.

Multiple new drill target zones have been identified on the Rocas project, outlined via the confluence of low gravity anomalies, historical surface mineralization, lakebed geochemical anomalies, EM conductors, and crosscutting fault zones.

Ongoing geophysical interpretation and modeling is planned throughout 2025 to integrate historical results with newly collected datasets, which will provide high-priority drill targets and significantly derisk the Project prior to modern drilling next year.

The Company believes the Project is highly prospective for the discovery of shallow, high-grade* basement-hosted uranium mineralization. Located south of the current margin of the Athabasca Basin, Rocas boasts shallow drill targets with bedrock under minimal cover of glacial till.

3-Year Earn-In Option

The Option is exercisable by the Optionee completing cash payments and share issuances, and incurring the following exploration expenditures on the Project:

Consideration 
Payments		 Consideration 
Shares		 Exploration 
Expenditures
Year 1 $75,000 (1)(3)$100,000 $1,500,000
Year 2 $50,000 (2)(3)$275,000 $1,500,000
Year 3 $125,000 (2)(4)$325,000 $1,500,000
Total $250,000 $700,000 $4,500,000

 

Notes:
(1)Issuable at a deemed price equivalent to the last closing price of the common shares of the Optionee on the Canadian Securities Exchange immediately prior to entering into the Option Agreement.
(2)Issuable at a deemed price equivalent to the volume-weighted average closing price of the common shares of the Optionee on the Canadian Securities Exchange in the thirty (30) trading days immediately prior to issuance.
(3)Subject to an eighteen (18) month escrow, with three (3) equal releases on the six (6), twelve (12) and eighteen (18) month anniversaries of issuance.
(4)Subject to a twelve (12) month escrow, with two (2) equal releases on the six (6) and twelve (12) month anniversaries of issuance.

Prior to exercise of the Option, the Company will act as the operator of the Project and will be entitled to charge a 10% fee on expenditures in Year 1, increasing to 12% in Year 2 and Year 3.

Following successful completion of the obligations of the Option (i.e., at the end of Year 3), Optionee will acquire a 75% equity in the Property, with Standard retaining 25% as well as a 2.5% net smelter returns royalty on the Project, of which 1.0% may be purchased back at any time for a one-time cash payment of $1,000,000.

The parties intend on forming an unincorporated joint venture for the further development of the Project. No finders’ fee is payable by the Company in connection with the Option.

Qualified Person Statement

The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, P.Geo., President and VP Exploration of the Company and a ‘qualified person’ as defined in NI 43-101.

Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company’s future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects.

References

1 Mineral Assessment Report 74B09-0007: Uranex Ltd., 1977 & SMDI# 2465: https://mineraldeposits.saskatchewan.ca/Home/Viewdetails/2465

2 Mineral Assessment Report 74B09-0032: Forum Uranium Corp., 2007

*The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to be ‘high-grade’.

**The Company considers radioactivity readings greater than 300 counts per second (cps) to be ‘anomalous’.

About Standard Uranium (TSXV: STND,OTC:STTDF)

We find the fuel to power a clean energy future

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world’s richest uranium district. The Company holds interest in over 235,435 acres (95,277 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium’s eastern Athabasca projects comprise over 43,185 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.

Standard Uranium’s Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

For further information, contact:

Jon Bey, Chief Executive Officer, and Chairman
Suite 3123, 595 Burrard Street
Vancouver, British Columbia, V7X 1J1

Tel: 1 (306) 850-6699
E-mail: info@standarduranium.ca

Cautionary Statement Regarding Forward-Looking Statements

This news release contains ‘forward-looking statements’ or ‘forward-looking information’ (collectively, ‘forward-looking statements’) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding the intended use of proceeds from the Offering.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the ‘Risks and Uncertainties’ in the Company’s management discussion and analysis for the fiscal year ended April 30, 2024.

Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company’s actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: the future price of uranium; anticipated costs and the Company’s ability to raise additional capital if and when necessary; volatility in the market price of the Company’s securities; future sales of the Company’s securities; the Company’s ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company’s mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.

The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268295

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Politics

Harris reveals crude hypotheticals on abortion, Viagra rehearsed before Trump debate

Politics 3 Mins Read

Former Vice President Kamala Harris revealed her debate preparation against Donald Trump during the 2024 election cycle included how to handle a handful of crude hypothetical attacks on abortion and Viagra use, according to her new book, ‘107 Days.’

Bolstered by a team of advisers and a veteran trial attorney Harris compared to a ‘wartime consigliere,’ the then-vice president traveled to the basement of Howard University, her undergraduate alma mater, to prepare for her debate against Trump. Harris had prepped to debate JD Vance in a vice presidential debate ahead of then-President Joe Biden dropping out of the race in July 2024. 

Amid typical debate prep focused on providing Harris with intimate knowledge of topics so she could effectively present her argument on stage, she also was trained for the ‘the painful matter of imagining what kinds of personal attacks Trump might mount against me.’

”He might ask you if you’ve ever had an abortion,’ one adviser said,’ Harris wrote of her time devising her debate strategies. 

‘If he did, the response would be: That’s none of your business and that’s not what we’re here for,’ she continued. 

Harris continued that another individual in the debate prep room floated ‘a dark joke that if he got that personal, I should ask if he took Viagra.’

‘Another: Had he ever paid for an abortion?’ she continued. 

The pair were asked about abortion during the debate, but it never culminated into personal attacks on hypothetical abortions or Viagra use. 

‘In the end, he didn’t go down that track. He probably knew a question like that would be exceedingly thin ice for him—and would infuriate just about every woman in America,’ Harris wrote. 

Harris added that her team wrote a debate card ‘for every nuance of every subject, and once I memorized what was on that card, I’d draw a big, loopy X across it.’

‘I am not a trained seal; I’m not going to memorize lines and spout them. I have to understand the logic and building blocks of every argument so I can present it clearly and defend it persuasively,’ she wrote.

Harris’ book, ‘107 Days,’ hit shelves Tuesday and reflects on the 107 days she had on the presidential campaign trail after Biden dropped out of the race amid mounting concern over his mental acuity. 

Harris failed to rally enough support to defeat Trump, losing each of the seven battleground states Nov. 4, 2024. 

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Politics

Trump caps week with Ryder Cup appearance after UN speech, Zelenskyy meeting

Politics 3 Mins Read

President Donald Trump kicked off the week delivering remarks at the United Nations General Assembly, and closed it out by attending the 2025 Ryder Cup golf competition. 

During his address to the U.N. General Assembly debate Tuesday, Trump cautioned that Europe is in a crisis due to an influx of illegal immigration and warned that U.N. countries are ‘going to hell’ in the ‘failed experiment of open borders.’ 

‘Europe is in serious trouble,’ Trump said Tuesday. ‘They’ve been invaded by a force of illegal aliens like nobody’s ever seen before. Illegal aliens are pouring into Europe. Nobody is ever. And nobody’s doing anything to change it, to get them out. It’s not sustainable. And because they choose to be politically correct, they’re doing just absolutely nothing about it.’ 

The Trump administration has taken a tough stance against illegal immigrants to advance Trump’s mass deportation agenda. 

‘The U.N. is supposed to stop invasions, not create them and not finance them,’ Trump said. ‘In the United States, we reject the idea that mass numbers of people from foreign lands can be permitted to travel halfway around the world, trample our borders, violate our sovereignty, cause unmitigated crime, and deplete our social safety net. We have reasserted that America belongs to the American people, and I encourage all countries to take their own stand in defense of their citizens as well.’ 

After his remarks before the General Assembly and after meeting with Ukrainian President Volodymyr Zelenskyy, Trump said that he believes Ukraine, with the backing of the European Union, could secure back all of its territory as the war between Russia and Ukraine persists. 

‘After getting to know and fully understand the Ukraine/Russia Military and Economic situation and, after seeing the Economic trouble it is causing Russia, I think Ukraine, with the support of the European Union, is in a position to fight and WIN all of Ukraine back in its original form,’ Trump said in a Tuesday Truth Social post. ‘With time, patience, and the financial support of Europe and, in particular, NATO, the original Borders from where this War started, is very much an option.’ 

‘Why not? Russia has been fighting aimlessly for three and a half years a War that should have taken a Real Military Power less than a week to win,’ Trump said. ‘This is not distinguishing Russia. In fact, it is very much making them look like ‘a paper tiger.’’ 

Meanwhile, Trump headed to Farmingdale, New York, Friday along with his granddaughter Kai for the Ryder Cup golf competition at Bethpage Black Course. 

Trump has appeared at two other sporting events in New York in September: the U.S. Open men’s final and a New York Yankees game Sept. 11. 

Fox News’ Paulina Dedaj and Ryan Morik contributed to this report. 

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Business

Former Fed chairs warn that removing Lisa Cook could lead to inflation boom

Business 4 Mins Read

A group of the country’s top economic leaders, including every living former Federal Reserve chair, filed an amicus brief with the Supreme Court on Thursday in support of Fed governor Lisa Cook, who President Donald Trump is seeking to remove.

The group, led former central bank chiefs Alan Greenspan, Ben Bernanke and Janet Yellen, said that “allowing the removal of Governor Lisa D. Cook while the challenge to her removal is pending would threaten that independence and erode public confidence in the Fed.”

The bipartisan group, which also includes former Treasury Secretaries Robert Rubin, Larry Summers, Hank Paulson, Jack Lew and Timothy Geithner, added that “the independence of the Federal Reserve, within the limited authority granted by Congress to achieve the goals Congress itself has set, is a critical feature of our national monetary system.”

As the U.S. central bank, the Federal Reserve is part of the U.S. government and its leaders are put in place by elected officials, but it also retains a considerable amount of independence that is meant to allow it to make decisions purely out of economic concerns rather than political ones.

The former economic officials said that an erosion of Fed independence could result “in substantial long-term harm and inferior economic performance overall.”

The Supreme Court is considering whether Trump has the authority to fire Cook, who has been a target for the White House for weeks as part of a broader pressure campaign to push the Fed to more aggressively cut interest rates.

Cook’s attempted removal stems from allegations of mortgage fraud, made in August by top Trump ally and Federal Housing Finance Authority Director Bill Pulte.

Cook has repeatedly denied the allegations and has not been charged with any crime. Documents reviewed by NBC News in mid-September appeared to contradict Pulte’s allegations.

Two courts have so far blocked Cook’s removal, leading Trump to ask the Supreme Court a week ago to allow him to fire her. In a court filing, Solicitor General D. John Sauer said a judge’s ruling that blocked the firing constituted “improper judicial interference.”

In a filing to the Supreme Court on Thursday, Cook’s lawyers said that ‘she committed neither ‘fraud’ nor ‘gross negligence’ in relation to her mortgages.’

Cook asked the court to deny Trump’s attempt to remove her while the case is argued.

The White House has repeatedly maintained that Trump “lawfully removed Lisa Cook for cause.”

The brief filed Thursday is a who’s who of the country’s top economic minds. Former Fed governor Dan Tarullo is also listed as a signatory to the brief, as well as the economists Ken Rogoff, Phil Gramm and John Cochrane.

Glenn Hubbard, Greg Mankiw, Christina Romer, Cecilia Rouse, Jared Bernstein and Jason Furman, a group who served as top officials on the White House’s council of economic advisers during Republican and Democrat administrations, also signed the brief.

None of the officials who signed the filing have served in either of Trump’s administrations.

Lisa Cook is sworn in during a Senate Banking hearing in 2023.Drew Angerer / Getty Images file

Trump is the first president in U.S. history to try to remove a sitting Fed official.

‘There is broad consensus among economists, based on decades of macroeconomic research, that a more independent central bank will lead to lower and more stable inflation without creating higher unemployment — thus helping to achieve the Federal Reserve’s statutory objective of price stability and maximum employment,’ the officials said in the brief.

‘The Federal Reserve walks a careful line in pursuit of its goals.’

They noted that ‘elected officials often favor lowering interest rates to boost employment, particularly leading up to an election.’

‘Although that approach may satisfy voters temporarily, it does not lead to lasting gains for unemployment or growth and can instead lead to persistently higher inflation in the long-term and thus ultimately harm the national economy.’

The former Fed chairs and economic officials, in their filing, highlight a notorious case of political pressure on the Fed:

‘In the early 1970s, President Richard Nixon famously exerted political pressure over then-Chair of the Fed Arthur Burns to lower unemployment by reducing interest rates. During this period ‘the Fed made only limited efforts to maintain policy independence and, for doctrinal as well as political reasons, enabled a decade of high and volatile inflation.’ This contributed to an ‘inflationary boom’ and deep recession that took years to bring back under control.’

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Investing

Top 5 Canadian Mining Stocks This Week: Lithium Americas Jumps 126 Percent

Investing 12 Mins Read

Statistics Canada released its natural resource indicators report for the second quarter of 2025 on Thursday (September 25), which includes real gross domestic product (GDP), export and import data for Canadian resources.

According to the announcement, the real GDP for the sector decreased by 2.4 percent during the quarter, following a 1.8 percent rise in the first quarter, and outpaced the 0.4 percent decline in the broader Canadian economy.

Forestry saw the most significant decline, with real GDP falling by 4.9 percent; however, declines were felt throughout the sector. Real GDP of the energy sector dropped 2.5 percent, led by refined petroleum products decreasing 7.4 percent and electricity decreasing 3.5 percent. Minerals and mining decreased 1.2 percent, with primary metallic mineral products dropping the most in the category at 3.7 percent.

Exports declined by 6.6 percent, with forestry again registering the largest decrease at 15.5 percent, followed by energy decreasing 5.9 percent and minerals and mining dropping 4 percent. The reporting agency noted that declines coincided with increased tariffs on goods, especially steel and aluminum, entering the United States.

Meanwhile, imports increased by 6.6 percent during the quarter, following a 2.9 percent rise in the first quarter, and were mainly attributable to a 17.3 percent increase in mineral and mining imports, which included a 35.4 percent rise in metallic mineral products.

In major mining news this week, Freeport-McMoRan (NYSE:FCX) announced on Wednesday (September 24) that the closure of its Grasberg operations in Indonesia would be extended. The closure came after 800,000 metric tons of liquid materials entered its main Grasberg block cave on September 8, trapping seven workers. So far, the bodies of two workers have been recovered, and the remaining five workers are still missing.

Operations at two underground mines that were unaffected by the accident should restart mid-way through the fourth quarter, according to the company, but operations at the Grasberg block cave will not return to full production until at least 2027.

Grasberg is among the largest copper and gold mines in the world, contributing 1.7 billion pounds of copper and 1.4 million ounces of gold annually.

The announcement caused copper prices to surge by 5 percent in trading on Wednesday to US$4.84 per pound on the COMEX. Meanwhile, shares in Freeport tumbled by 16.95 percent to US$37.67 that day, and fell another 6 percent to US$35.46 on Thursday.

For more on what’s moving markets this week, check out our top market news round-up.

Markets and commodities react

Canadian equity markets were in positive territory this week by the end of trading Thursday.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) set another new record high this week, climbing above the 30,000 mark for the first time on Tuesday before retreating to close Thursday at 29,731.98. The S&P/TSX Venture Composite Index (INDEXTSI:JX) performed even better, peaking at 929.64 Tuesday and ending the week at 920.18. For its part, the CSE Composite Index (CSE:CSECOMP) peaked on Wednesday at 168.38, but retreated to end Thursday at 163.31.

The gold price continued to climb this week, setting another new record, as it achieved an intraday high of US$3,788 per ounce on Tuesday. While the price retreated slightly, it was still up 1.7 percent on the week at US$3,749.21 by Thursday’s close.

The silver price saw more significant gains, rising 8.14 percent to set a year-to-date high of US$45.19 per ounce at 4 p.m. EST Thursday. The silver price is trading at 14 year highs and has been closing in on its record US$47.91 set in March 2011.

Copper had sizable gains this week on the news of the closure of Freeport’s Grasberg mine discussed above. The copper price was up 5 percent on Wednesday, but shed some gains Thursday to end the day with a weekly gain of 4.12 percent to US$4.80 per pound. The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) gained 1.54 percent gain to end Thursday at 558.11.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 4:00 p.m. EDT on Thursday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Lithium Americas (TSX:LAC)

Weekly gain: 126.93 percent
Market cap: C$2.02 billion
Share price: C$9.94

Lithium Americas is a lithium development company focused on advancing its flagship Thacker Pass project in Nevada, US, which is considered a critical component of the US’s domestic lithium supply chain.

The project is a 62/38 joint venture between Lithium America and General Motors (NYSE:GM), with the latter investing US$625 million in the project last year for its stake. The companies are currently working to advance Phase 1 of the project into production, targeting a capacity of 40,000 metric tons per year of battery-quality lithium carbonate. First production is expected in Q4 2027, and GM has the right to buy all Phase 1 lithium production.

Shares in the company surged this week following news reports on the status of a US$2.26 billion loan from the US Department of Energy (DOE). On Tuesday, Reuters reported that the White House is seeking an equity stake of up to 10 percent in Lithium Americas as it renegotiates the terms of the loan. The company had planned to make its first draw from the loan this month, according to Reuters’ sources.

On Wednesday, Lithium Americas noted its rising share price in a press release about the situation. The company stated it was continuing to work with the DOE and General Motors to reach a mutually agreeable resolution regarding the first draw of the loan and potential amendments, noting discussions also included the topic of ‘corresponding consideration,’ or fair compensation, for the lithium company.

2. Scandium Canada (TSXV:SCD)

Weekly gain: 75 percent
Market cap: C$20.09 million
Share price: C$0.07

Scandium Canada is a scandium exploration company working to advance its Crater Lake scandium project in Northern Québec, Canada. The property consists of 96 contiguous claims covering an area of 47 square kilometers. To date, the company has identified five primary zones of interest at Crater Lake.

An updated mineral resource estimate released on May 12 demonstrated an indicated resource of 16.3 million metric tons of ore at an average grade of 277.9 grams per metric ton (g/t) scandium oxide, plus an inferred resource of 20.9 million metric tons at 271.7 g/t. The MRE also included grades of other rare earths at the project.

Gains in Scandium Canada’s share price began when trading opened Tuesday, the day after Reuters reported on White House plans to source scandium oxide from Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), which produces scandium oxide from its facility in Québec.

The company’s shares continued rising throughout the week. On Wednesday, Reuters reported that the Group of Seven nations is discussing instituting rare earth price floors as a means to increase rare earth production in their countries to counter China’s dominance. The considerations follow the G7 leaders’ announcement of a critical minerals action plan in June, which aims to strengthen the Western supply of critical minerals.

In company news, on Thursday Scandium Canada announced an update on advancements for its proprietary aluminum-scandium alloys, which it is aiming to commercialize.

3. Sendero Resources (TSXV:SEND)

Weekly gain: 64.58 percent
Market cap: C$14.74 million
Share price: C$0.79

Sendero Resources is a copper and gold exploration company focused on its Peñas Negras copper-gold project located along the border between Chile and Argentina in the Vicuña mining district.

Vicuña is home to several significant operations, including the Josemaria and Filo del Sol copper-gold mines, which are 50/50 joint ventures between Lundin Mining (TSX:LUN) and BHP Group (ASX:BHP,NYSE:BHP,LSE:BHP).

Peñas Negras covers an area of 211 square kilometers in Argentina’s portion of the district and bears geological similarities to the aforementioned deposits, according to Sendero.

Shares in the company were up this week, but the company has not released news since July 21, when it reported granting stock options to company employees and consultants.

4. Tincorp Metals (TSXV:TIN)

Weekly gain: 58.82 percent
Market cap: C$14.65 million
Share price: C$0.27

Tincorp Metals is a mineral exploration company with a pair of tin assets in Bolivia, and also owns a gold project in the Yukon, Canada.

Its SF Tin project covers a 2 square kilometer area in the Potosí Department of West-central Bolivia. The site hosts a historical open-pit mine and was previously explored by Rio Tinto in the 1990s. Tincorp’s 2022 exploration program encountered a highlighted intercept of 0.20 percent tin, 0.94 percent zinc, 0.17 percent lead and 24.01 g/t silver over 182.6 meters.

The company’s Porvenir project is an 11.25 square kilometer property in Western Bolivia that hosts historical open-pit and underground mining operations. Its exploration of the site in 2023 encountered a highlighted intercept with 0.65 percent tin, 1.97 percent zinc, 4 g/t silver and 0.10 percent copper over 21.2 meters.

The most recent news from Tincorp came on September 17 when it announced it had closed on a non-brokered private placement for 3 million common shares for gross proceeds of C$375,000. The company said it intends to use the net proceeds for working capital requirements and corporate purposes.

5. Wealth Minerals (TSXV:WML)

Weekly gain: 58.33 percent
Market cap: C$56.41 million
Share price: C$0.19

Wealth Minerals is a lithium exploration and development company with several Chilean lithium brine assets. Much of its news in Q2 and Q3 has been about advancing its Kuska project in the Salar de Ollagüe. The Kuska project covers 10,500 hectares in the Antofagasta region near the Bolivian border.

In May, the company created the Kuska Minerals 95/5 joint venture with the Quechua Indigenous Community of Ollagüe for the Kuska project.

A February 2024 preliminary economic assessment (PEA) for Kuska demonstrated an indicated resource of 139,000 metric tons of contained lithium from 8 million cubic meters of brine with an average grade of 175 milligrams per liter lithium. The report also demonstrated a post-tax net present value of US$1.15 billion, with an internal rate of return of 28 percent and a payback period of 6.9 years.

In September 2024, the Chilean government selected the Salar de Ollagüe to be among the first group of six salars considered for production licenses. Wealth applied for a special lithium operation contract (CEOL) for Kuska, but was denied due to not meeting the criteria of 80 percent ownership of the area designated by Chile, referred to as a polygon, that contained its concessions.

On Tuesday, the company reported that the Chilean government has reopened applications after simplifying the process for assigning a CEOL with revised requirements. During consultation with the local Indigenous communities, the ministry agreed to exclude ‘the areas of greatest cultural interest to Indigenous communities and the populated areas that were part of the polygon.’ Wealth Minerals is now verifying it meets all conditions before reapplying.

The following day, Wealth announced that it had entered into a letter agreement to acquire the past-producing Andacollo Oro Gold project in Chile. The project has historic measured and indicated resources of 2.02 million ounces of gold from 130 million metric tons with a grade of 0.48 g/t.

According to the company, it believes the acquisition is the right choice for shareholders as it expects the drivers of the current investment interest in gold, namely worry about monetary and fiscal policies, to remain unchanged.

Additionally, in connection with the transaction, the company announced it was opening a non-brokered private placement for a minimum of 41.67 million shares with the intention of raising gross proceeds of C$5 million.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

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

How many mining companies are listed on the TSX and TSXV?

As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

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

How much does it cost to list on the TSXV?

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

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

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

How do you trade on the TSXV?

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

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

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Politics

Trump administration official physically assaulted at UNGA by ‘deranged leftist,’ White House says

Politics 5 Mins Read

A Trump administration official was physically assaulted by a ‘deranged leftist’ inside the United Nations Thursday afternoon during the gathering of the UN General Assembly, Fox News Digital has learned.

An official working in international relations for the Department of Health and Human Services was in New York City serving in a support role for HHS Secretary Robert F. Kennedy Jr. and the department’s leadership team at UNGA.

‘An HHS official was followed into a bathroom, recorded, physically assaulted and verbally accosted by a deranged leftist at the UN who somehow entered the venue past multiple layers of security,’ White House Deputy Press Secretary Anna Kelly told Fox News Digital. ‘Thankfully, the official is safe, and the lunatic was arrested, but this is part of a disturbing and dangerous set of failures by the UN after their sabotage of President Trump ahead of and during his speech.’

Kelly told Fox News Digital that the U.S. Secret Service will investigate ‘how this violent protester was admitted into a major national security event.’

A source familiar told Fox News Digital that the individual has been charged with assault, aggravated harassment, attempted assault and criminal possession of a weapon. The individual was released from custody at 7:30 p.m. Friday night, the source said. The individual is expected in court next on Nov. 13. 

‘The UN must answer why these highly concerning incidents continue to happen against the president and his staff,’ Kelly said.

‘We are outraged that a member of the U.S. delegation was physically assaulted inside of UN Headquarters the afternoon of September 25,’ a U.S. UN spokesperson told Fox News Digital. ‘This attack must be addressed swiftly, and consequences must be felt.’

The spokesperson told Fox News Digital that ‘the UN itself recognizes that it has lost its way.’

‘Now, it has devolved into an arena where an American delegation member is harassed and assaulted,’ the spokesperson said. ‘If you can’t keep people safe in your own building, how can you claim to be the world’s diplomatic center?’

The spokesperson called the incident ‘unacceptable,’ and told Fox News Digital that the United Nations ‘will use every available resource to support the U.S. Secret Service into their investigation of this incident.’

‘We know the UN needs dramatic reform and now must also immediately implement a thorough review of the UN’s security operations,’ the spokesperson said. ‘The UN’s failures are evident worldwide, and now in its own halls.’

The U.S. UN spokesperson added: ‘Enough is enough.’

The official recounted her experience of being followed, harassed, and physically assaulted inside the United Nations in an exclusive interview with Fox News Digital.

The official told Fox News Digital that she was walking down the hallway at the UN when a woman began berating her and shining a bright light in her face.

‘It was very disorienting,’ the official said. ‘Once I took a step back and regained my footing, it didn’t stop. I realized what was happening. I realized I was being yelled at and that the light was also a recording device.’

The official tried to get away from the woman who was screaming derogatory and pro-Palestinian comments at her as she followed closely behind.

The official said the woman called her a ‘fascist’ and a ‘Nazi.’ 

‘The insults changed to specific insults,’ the official said, telling Fox News Digital that she went into the women’s bathroom to get away, but that the woman kept following her.

‘Her yelling turned into screaming—hyper-aggressive insults,’ the official said. 

The official tried to hide in a bathroom stall, but told Fox News Digital that the woman was pushing and trying to get into the stall. Once the official was able to close the door, the woman put the camera over the door of the bathroom stall to continue filming the official and screaming. 

The official waited for the screaming to stop, and exited the stall, hoping the woman had left, but the woman was waiting for her at the door, and continued to follow her into the hallway, continuing to yell at her and shine the light in her face. Eventually, the official was able to get away.

The official told Fox News Digital the incident lasted approximately 10 minutes.

‘It felt very political in nature,’ she said. ‘Secretary Kennedy gets a tremendous number of bows and arrows and threats that he deals with, but it seems that it’s not enough, and it is trickling down.’

She added: ‘That’s a scary thing for the team. But we’re more empowered, and we have amazing leadership.’

Fox News Digital has learned that the woman was arrested by the New York City Police Department. It is unclear whether she is still in custody.

The NYPD did not immediately respond to Fox News Digital’s request for comment. 

The United Nations did not respond to Fox News Digital’s request for comment. 

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