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Former Brazilian President Jair Bolsonaro on Sunday attended a public demonstration in Sao Paulo to protest against his ongoing Supreme Court trial in the South American country.

A couple of thousand people gathered on Paulista Avenue, one of the city’s main locations, in a demonstration that Bolsonaro, before the event, called “an act for freedom, for justice.”

Bolsonaro and 33 allies are facing trial over an alleged plot to overturn the 2022 presidential election results and remain in power.

They were charged with five counts related to the plan.

The former president has denied the allegations and claims that he’s the target of political persecution.

He could face up to 12 years in prison if convicted.

“Bolsonaro, come back!” protesters chanted, but the former president is barred from running for office until 2030.

Brazil’s Superior Electoral Court ruled last year that he abused his political power and made baseless claims about the country’s electronic voting system.

This post appeared first on cnn.com

China on Sunday announced it is immediately resuming seafood products imported from some Japanese regions, ending a nearly two-year overall ban imposed due to worries over Japan’s release of treated wastewater from the Fukushima nuclear power plant.

In a notice on Sunday, China Customs said seafood products from 10 prefectures – Fukushima, Gunma, Tochigi, Ibaraki, Miyagi, Niigata, Nagano, Saitama, Tokyo and Chiba – will still be banned from entering the country.

Products from other regions will need health certificates, radioactive substance detection qualification certificates and production area certificates issued by the Japanese government for Chinese customs declarations, the notice said.

Chinese customs authorities said Sunday’s decision was made after no abnormality was detected following long-term international and independent Chinese sampling and monitoring of discharged wastewater.

China banned all imports of Japanese seafood in August 2023, shortly after Tokyo began releasing the treated Fukushima wastewater, prompting a diplomatic and economic backlash.

Sunday’s notice said China will strictly supervise Japanese seafood imports and will take measures if it finds any violations of relevant Chinese laws, regulations and food safety standards.

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(TheNewswire)

Vancouver, BC TheNewswire June 30, 2025 – Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF) (‘Element79’ or the ‘Company’) announces its forward corporate guidance for the remainder of 2025, outlines recent strategic developments regarding its Lucero Project in Peru, and reaffirms its operational focus on its advanced-stage projects in Nevada, USA.

Force Majeure Declared on Lucero Project

The Company formally invoked the force majeure clause under its agreement with Condor Resources Inc. with respect to the Lucero Project due to a combination of social, regulatory, and political barriers which have effectively prevented the Company from lawfully executing planned exploration and development activities, despite holding full mineral rights.

A force majeure event refers to unforeseen circumstances beyond a party’s control—such as acts of government, social unrest, or natural disasters—that prevent contractual obligations from being fulfilled. In the case of Lucero, the following factors have contributed to the declaration:

  • Evolving and inconsistent Peruvian federal policies on small-scale mining formalization, creating uncertainty in legal enforceability and timelines.

  • Political instability and leadership vacuums , with current municipal governance in Chachas in transition and the outgoing mayor largely absent from the community.

  • Legacy community mistrust and unmet promises from prior owners, complicating local engagement efforts.

  • Ongoing unauthorized artisanal mining by community members operating outside legal frameworks and without formalized agreements.

Element79 has spent two and a half years of extensive, evolving efforts to foster community relationships and negotiate access agreements in good faith, and the Company believes in developing a win-win solution with the Chachas community for the restart of the past-producing Lucero mine, the tailings and development of a regional processing plant, and exploring the geological assets inside the Lucero concessions.  The Company and its contracted financial consultants remain staunchly optimistic to fund future development at Lucero as agreements for surface rights agreements are reached.  In the short-term, internal reports and formal feedback from its social engagement team (GAE Peru) and regional mining authorities (DREM Arequipa) suggest that no material progress toward surface rights agreements is likely for the remainder of 2025.

Path Toward Resolution and Reworking Terms with Condor Resources

Over the next 12 months, Element79 will:

  • Continue monitoring regulatory developments, particularly the anticipated implementation of MAPE legislation , which may clarify formalization mechanisms between artisanal miners and mineral right holders.

  • Maintain social outreach campaigns in Chachas through the Company’s social engagement team, GAE Peru, preparing the groundwork for ongoing engagement pre- and post-municipal elections in early 2026

  • Continue ongoing dialogue with Condor Resources to explore restructuring the terms of the original Lucero agreement, with the goal of establishing a more reasonable, flexible and mutually beneficial framework as on-the-ground conditions allow for meaningful work to resume at Lucero.

Strategic Focus Shift to Nevada Projects

In line with this operational pivot, Element79 is reaffirming its near-term focus on its U.S.-based assets:

  • The Company will retain and advance development at the Elephant Project in Nevada. A technical report to formally organize historical work under the 43-101 framework, upcoming work plan and exploration campaign are currently being finalized and will be publicly disclosed shortly.

  • The acquisition of the Gold Mountain Project , a drill-ready asset also located in Nevada, is expected to close as soon as possible, pending administrative timelines surrounding Canada Day and U.S. Independence Day holidays. A comprehensive development plan will be issued thereafter.

Corporate Outlook

As Element79 aligns its capital and human resources to near-term executable projects, the Company remains committed to:

  • Unlocking shareholder value through strategic asset optimization.

  • De-risking its project portfolio by prioritizing jurisdictions with clear permitting paths.

  • Continuing stakeholder engagement to support long-term success at Lucero when conditions become viable.

  • Changes to the board of directors and management to reflect the evolving business model

About Element79 Gold Corp.

Element79 Gold Corp. is a mining company focused on the exploration and development of high-grade gold and silver assets. Its principal asset is the past-producing Lucero Project in Arequipa, Peru, where it aims to resume operations through both conventional mining and tailings reprocessing. In the United States, the Company holds interests in multiple projects along Nevada’s Battle Mountain Trend.  Additionally, Element79 Gold has completed the transfer of its Dale Property in Ontario to its wholly owned subsidiary, Synergy Metals Corp., and is progressing through the Plan of Arrangement spin-out process.

For further information, please visit: www.element79.gold

On Behalf of the Board of Directors

James C. Tworek

Chief Executive Officer, Director

Element79 Gold Corp.

jt@element79.gold

Cautionary Note Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘anticipate,’ ‘plan,’ ‘continue,’ ‘expect,’ ‘estimate,’ ‘objective,’ ‘may,’ ‘will,’ ‘project,’ ‘should,’ ‘predict,’ ‘potential’ and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning the Company’s exploration plans, development plans and the Force Majeure Event. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on these statements because the Company cannot provide assurance that they will prove correct. Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially from those anticipated. Factors that could cause actual results to differ include conditions in the duration of the Force Majeure Event, and receipt of regulatory and shareholder approvals. These forward-looking statements are made as of the date of this press release, and, except as required by law, the Company disclaims any intent or obligation to update publicly any forward-looking statements.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Apple Thursday made changes to its App Store European policies, saying it believes the new rules will help the company avoid a fine of 500 million euro ($585 million) from the EU for violating the Digital Markets Act.

The new policies are a complicated system of fees and programs for app makers, with some developers now paying three separate fees for one download. Apple also is going to introduce a new set of rules for all app developers in Europe, which includes a fee called the “core technology commission” of 5% on all digital purchases made outside the App Store.

The changes Apple announced are not a complete departure from the company’s previous policy that drew the European Commission’s attention in the first place.

Apple said it did not want to make the changes but was forced to by the European Commission’s regulations, which threatened fines of up to 50 million euros per day. Apple said it believed its plan is in compliance with the DMA and that it will avoid fines.

“The European Commission is requiring Apple to make a series of additional changes to the App Store,” an Apple spokesperson said in a statement. “We disagree with this outcome and plan to appeal.”

A spokesperson for the European Commission did not say that Apple was no longer subject to the fine. He said in a statement that the EC is looking at Apple’s new terms to see if the company is in compliance.

“As part of this assessment the Commission considers it particularly important to obtain the views of market operators and interested third parties before deciding on next steps,” the spokesperson said in a statement.

The saga in Brussels is the latest example of Apple fiercely defending its App Store policies, a key source of profit for the iPhone maker through fees of between 15% and 30% on downloads through its App Store.

It also shows that Apple is continuing to claim it is owed a commission when iPhone apps link to websites for digital purchases overseas despite a recent court ruling that barred the practice in the U.S.

Under the Digital Markets Act, Apple was required to allow app developers more choices for how they distribute and promote their apps. In particular, developers are no longer prohibited from telling their users about cheaper alternatives to Apple’s App Store, a practice called “steering” by regulators.

In early 2024, Apple announced its changes, including a 50 cent fee on off-platform app downloads.

Critics, including Sweden’s Spotify, pushed back on Apple’s proposed changes, saying that the tech firm chose an approach that violated the spirit of the rules, and that its fees and commissions challenge the viability of the alternative billing system. The European Commission investigated for a year, and it said on Thursday that it would again seek feedback from Apple’s critics.

“From the beginning, Apple has been clear that they didn’t like the idea of abiding by the DMA,” Spotify said last year.

Epic Games CEO Tim Sweeney, whose company successfully changed Apple’s steering rules in the U.S. earlier this year, accused Apple of “malicious compliance” in its approach to the DMA.

“Apple’s new Digital Markets Act malicious compliance scheme is blatantly unlawful in both Europe and the United States and makes a mockery of fair competition in digital markets,” Sweeney posted on social media on Thursday. “Apps with competing payments are not only taxed but commercially crippled in the App Store.”

The European Commission announced the 500 million euro fine in April. The commission at the time said that the tech company might still be able to make changes to avoid the fine.

Apple’s restrictions on steering in the United States were tossed earlier this year, following a court order in the long-running Epic Games case. A judge in California found that Apple had purposely misled the court about its steering concessions in the United States and instructed it to immediately stop asking charging a fee or commission on for external downloads.

The order is currently in effect in the United States as it is being appealed and has already shifted the economics of app development. As a result, companies like Amazon and Spotify in the U.S. can direct customers to their own websites and avoid Apple’s 15% to 30% commission.

In the U.S., Amazon’s iPhone Kindle app now shows an orange “Get Book” button that links to Amazon.com.

This post appeared first on NBC NEWS

Investor Insight

With a strategic foothold in Portugal and a commodity focus on tungsten – a metal deemed critical by both NATO and US defense agencies – Allied Critical Minerals is advancing two past-producing projects toward near-term production. Backed by a $4.6 million financing, offtake interest from major buyers, and a leadership team with proven capital markets and operational success, ACM is well-positioned to become the largest tungsten producer outside of China.

Overview

Allied Critical Minerals (CSE:ACM,FSE:0VJ0) is advancing two highly strategic, past-producing tungsten projects – Borralha and Vila Verde – located in northern Portugal. These brownfield assets present a compelling combination of near-term production potential and district-scale exploration upside, positioning the company to become the largest tungsten producer outside of China. With 100 percent ownership of both projects and supportive local communities, ACM is well-placed to contribute to the critically needed supply of this strategic metal to Western markets.

Tungsten is essential for defense systems, electric vehicles, semiconductors and artificial intelligence (AI), yet current global supply is dominated by China and Russia, accounting for about 90 percent of production. ACM’s projects are aligned with national security strategies in the US and EU, seeking secure and stable sources of tungsten supply. The company has already signed a letter of intent with Global Tungsten & Powders, a major Pennsylvania-based end-user with ties to the US military and is actively engaging with other global refineries.

To capitalize on these market dynamics, ACM closed a $4.6 million financing to fund an aggressive value creation plan. This includes an ongoing drill program at Borralha aimed at expanding its existing NI 43-101 resource, and the construction of a pilot processing facility at Vila Verde, targeted to begin in Q4 2025 and become operational by 2026. The pilot plant will process tailings and alluvial material from existing deposits, with an estimated annual output of ~250 tons tungsten trioxide (WO₃) and projected revenues of $4 million to $5 million, supporting near-term cash flow with minimal dilution.

ACM differentiates itself from competitors such as American Tungsten and Fireweed through its permitting progress, advanced technical groundwork and strong leadership. CEO Roy Bonnell brings a proven track record of successful exits and rapid value creation, having been instrumental in the success of both Founders Metals (TSXV:FDR) and Thesis Gold (TSXV:TAU) — two of the TSX Venture’s top-performing issuers in recent years.

Company Highlights

  • Strategic Focus on Critical Metals: Allied Critical Minerals is developing two tungsten projects – Borralha and Vila Verde – in mining-friendly northern Portugal, targeting near-term production and long-term scale.
  • Advanced Brownfield Assets: Both projects are historic producers with significant infrastructure, community support and technical momentum. Borralha produced tungsten from 1904 to 1986, and holds a newly updated NI 43-101 compliant resource.
  • Pilot Plant Launch in 2026: A pilot plant at Vila Verde is slated for construction in Q4 2025 with 150,000 tpa throughput capacity, expandable to 300,000 tpa. Target output of ~250 tons WO₃ annually is expected to generate $4 million to $5 million in revenue, funded through non-dilutive financing.
  • Offtake and Government Support: Allied has signed an LOI with Global Tungsten & Powders and is in discussions with additional refineries. Expressions of interest from US and EU defense-linked buyers are ongoing.
  • High Impact Drill Campaign: A fully funded 5,000 meter drill program is currently underway at Borralha, with assays expected to expand resources and define the high-grade Santa Helena Breccia zone.
  • Differentiated from Peers: Allied is one of only a few public companies in the Western world with near-term tungsten production potential, outpacing peers such as American Tungsten and Fireweed, in both timeline and resource readiness.

Key Projects

Borralha Tungsten Project

The Borralha project is ACM’s flagship development-stage asset, located approximately 100 km northeast of Porto in northern Portugal. A brownfield project with a rich production history dating back to 1904, Borralha produced over 10,280 tons of wolframite concentrate at an average grade of 66 percent WO₃, until operations ceased in 1986. Today, the project is advancing rapidly, supported by a Mining Rights Concession License and a newly updated NI 43-101 compliant resource estimate effective July 31, 2024. The estimate defines indicated resources of 4.98 million tons (Mt) at an average grade of 0.22 percent WO₃, 762 grams per ton (g/t) copper, and 4.8 g/t silver, and inferred resources of 7.01 Mt at 0.20 percent WO₃, 642 g/t copper, and 4.4 g/t silver. The project area hosts significant polymetallic enrichment, with tin and copper frequently associated with the tungsten mineralization, adding potential for by-product credits.

The primary zone of interest, the Santa Helena Breccia (SHB), is a subvertical to sub-horizontal breccia pipe-style tungsten system. Historical and recent drilling confirms broad, continuous mineralization with highlight intercepts including 106 m at 0.21 percent WO₃, 114 m at 0.23 percent WO₃, 108 m at 0.22 percent WO₃, and a high-grade zone of 10 m at 1.75 percent WO₃.

The SHB zone accounts for over 70 percent of known mineralization, but only about half of the zone has been drill-tested to date. The current drill campaign is targeting both lateral extensions and higher-grade core zones within the breccia body.

Geologically, the deposit is hosted in metasedimentary rocks intruded by late-Variscan granites, with mineralization occurring predominantly as wolframite associated with quartz-cassiterite veins and breccia infill. Breccia pipe mining techniques – similar to open-pit quarry operations – are anticipated for early-stage exploitation.

The project is currently undergoing an environmental impact assessment under review by Portuguese authorities. The mining license includes provisions for up to 150,000 tons per annum of bulk sampling ahead of full-scale operations, which will be governed by a future feasibility study. The low-cost drill environment (~$235/meter) and excellent infrastructure – including road, power, water and proximity to a skilled workforce – make Borralha a technically robust and strategically significant asset for ACM.

Vila Verde Tungsten-Tin Project

Located approximately 45 km southeast of Borralha, the Vila Verde project is ACM’s pilot production and near-term cash flow opportunity. Historically, this area hosted the Vale das Gatas Mine, which was one of Portugal’s largest tungsten producers prior to its closure in 1986. The project covers a significantly larger land area than Borralha and includes multiple mineralized zones, notably Cumieira and Porqueira. A historical resource estimate from 2020 defined 7.3 Mt of mineralized material above a 0.05 percent WO₃ cutoff, including 4.0 Mt at 0.14 percent WO₃ in the Cumieira zone and 3.3 Mt at 0.10 percent WO₃ in Porqueira. While historical in nature, these figures are supported by 17 diamond drill holes totaling 2,103 metres, which revealed a 2.1 km x 1.0 km mineralized footprint at Cumieira and a 1.0 km x 500 m footprint at Porqueira.

Vila Verde Pilot Plan

Vila Verde is advancing toward the construction of a 150,000-ton-per-annum pilot plant, scheduled to begin construction in Q4 2025 and be operational in 2026. Tailings and alluvial material from the Justes deposit will be used as the initial feedstock, with an average WO₃ grade of ~0.21 percent anticipated. Plant design includes standard crushing and grinding circuits followed by gravimetric and magnetic separation to produce a high-grade wolframite concentrate. Engineering work by GMR Consultores and MinePro Solutions supports an annual output of approximately 250 tons of WO₃ under current parameters. The total estimated CAPEX for the pilot plant is CA$7.9 million, with a proposed expansion to 300,000 tpa requiring an additional CA$2.9 million, both targeted for non-dilutive funding sources.

Permitting is progressing efficiently, with the mineral license being converted from exploration to experimental mining status. This permits early-stage production while full-scale licensing is pursued. The project benefits from pre-existing quarry infrastructure, strong community support, and short timelines to cash flow. A signed LOI with Global Tungsten & Powders in Pennsylvania provides an initial offtake channel, and additional negotiations with global refiners are ongoing. Vila Verde is central to ACM’s short-term revenue plan and is designed to serve as a testbed for scalable production across its broader tungsten portfolio.

Management Team

Roy Bonnell – CEO and Director

Roy Bonnell is a seasoned executive with over 30 years in capital markets, venture finance and natural resources. Bonnell holds an LLB from Western University, an MSc from the London School of Economics, and an MBA from McGill University. He brings deep leadership and financing experience and previously served as a board member for Founders Metals and Thesis Gold – two of the TSXV’s top performers.

João Barros – President and COO

With over 20 years of mining sector experience in Portugal, João Barros specializes in exploration management, environmental impact assessments and feasibility studies. He has held leadership roles at Ascendant Resources and Redcorp, and is a member of the Portuguese Engineers Association.

Sean O’Neill – Non-Executive Chairman

Sean O’Neill is head of securities at Boughton Law with 20+ years in corporate and securities law, including advising mining firms globally. He holds degrees in Chemical Engineering and Law, an MBA, and is a registered professional engineer (P.Eng).

Michael Galego – Director

Michael Galego is the CEO of Apolo Capital Advisory and CLO of LNG Energy, with extensive experience in M&A and corporate strategy. Notably, he advised on the sale of Woulfe Mining (tungsten asset) to Almonty Industries. He is a Lexpert Top 40 Under 40 awardee and member of the TSX Venture Advisory Committee.

Colin Padget – Director

CEO of Founders Metals, Colin Padget brings operational exploration experience across South America. He holds a Masters in Geology and a Bachelor in Business Administration.

Andrew Lee – Director and Corporate Secretary

Former Managing Director of York Harbour Metals, Andrew Lee has 15 years of global exploration experience across gold and phosphate projects in Ecuador and West Africa.

Sean Choi – CFO

A CPA with nearly 20 years in mining finance, Sean Choi has held CFO roles at York Harbour Metals, Ecuador Gold & Copper, and Northern Sun Mining. He holds a degree from the Western University.

This post appeared first on investingnews.com

Riot police fired tear gas at thousands of anti-government protesters in Serbia’s capital on Saturday.

The major rally in Belgrade against Serbia’s populist president, Aleksandar Vucic, was called to back a demand for an early parliamentary election.

The protest by tens of thousands was held after nearly eight months of persistent demonstrations led by Serbia’s university students that have rattled Vucic’s firm grip on power in the Balkan country.

The huge crowd chanted “We want elections!” as they filled the capital’s central Slavija Square and several blocks around it, with many unable to reach the venue.

Tensions were high before and during the gathering. Riot police deployed around government buildings and close to a camp of Vucic’s loyalists in central Belgrade. Skirmishes erupted between riot officers and groups of protesters near the camp.

“Elections are a clear way out of the social crisis caused by the deeds of the government, which is undoubtedly against the interests of their own people,” said one of the students, who didn’t give her name while giving a speech on a stage to the crowd. “Today, on June 28, 2025, we declare the current authorities illegitimate.”

At the end of the official part of the rally, students told the crowd to “take freedom into your own hands.”

University students have been a key force behind nationwide anti-corruption demonstrations that started after a renovated rail station canopy collapsed, killing 16 people on Nov. 1.

Many blamed the concrete roof crash on rampant government corruption and negligence in state infrastructure projects, leading to recurring mass protests.

“We are here today because we cannot take it any more,” Darko Kovacevic said. “This has been going on for too long. We are mired in corruption.”

Vucic and his right-wing Serbian Progressive Party have repeatedly refused the demand for an early vote and accused protesters of planning to spur violence on orders from abroad, which they didn’t specify.

Vucic’s authorities have launched a crackdown on Serbia’s striking universities and other opponents, while increasing pressure on independent media as they tried to curb the demonstrations.

While numbers have shrunk in recent weeks, the massive showing for Saturday’s anti-Vucic rally suggested that the resolve persists, despite relentless pressure and after nearly eight months of almost daily protests.

Serbian police, which is firmly controlled by Vucic’s government, said that 36,000 people were present at the start of the protest on Saturday.

Saturday marks St. Vitus Day, a religious holiday and the date when Serbs mark a 14th-century battle against Ottoman Turks in Kosovo that was the start of hundreds of years of Turkish rule, holding symbolic importance.

In their speeches, some of the speakers at the student rally on Saturday evoked the theme, which was also used to fuel Serbian nationalism in the 1990s that later led to the incitement of ethnic wars following the breakup of the former Yugoslavia.

Hours before the student-led rally, Vucic’s party bused in scores of its own supporters to Belgrade from other parts of the country, many wearing T-shirts reading: “We won’t give up Serbia.” They were joining a camp of Vucic’s loyalists in central Belgrade where they have been staying in tents since mid-March.

In a show of business as usual, Vucic handed out presidential awards in the capital to people he deemed worthy, including artists and journalists.

“People need not worry – the state will be defended and thugs brought to justice,” Vucic told reporters on Saturday.

Serbian presidential and parliamentary elections are due in 2027.

Earlier this week, police arrested several people accused of allegedly plotting to overthrow the government and banned entry into the country, without explanation, to several people from Croatia and a theater director from Montenegro.

Serbia’s railway company halted train service over an alleged bomb threat in what critics said was an apparent bid to prevent people from traveling to Belgrade for the rally.

Authorities made similar moves back in March, before what was the biggest ever anti-government protest in the Balkan country, which drew hundreds of thousands of people.

Vucic’s loyalists then set up a camp in a park outside his office, which still stands. The otherwise peaceful gathering on March 15 came to an abrupt end when part of the crowd suddenly scattered in panic, triggering allegations that authorities used a sonic weapon against peaceful protesters – an accusation officials have denied.

Vucic, a former extreme nationalist, has become increasingly authoritarian since coming to power more than a decade ago. Though he formally says he wants Serbia to join the European Union, critics say Vucic has stifled democratic freedoms as he strengthened ties with Russia and China.

This post appeared first on cnn.com

The head of the UN’s nuclear watchdog says US strikes on Iran fell short of causing total damage to its nuclear program and that Tehran could restart enriching uranium “in a matter of months,” contradicting President Donald Trump’s claims the US set Tehran’s ambitions back by decades.

While the final military and intelligence assessment has yet to come, Trump has repeatedly claimed to have “completely and totally obliterated” Tehran’s nuclear program.

The 12-day conflict between Israel and Iran began earlier this month when Israel launched an unprecedented attack it said aimed at preventing Tehran developing a nuclear bomb. Iran has insisted its nuclear program is for peaceful purposes.

The US then struck three key Iranian nuclear sites before a ceasefire began. The extent of the damage to Tehran’s nuclear program has been hotly debated ever since.

US military officials have in recent days provided some new information about the planning of the strikes, but offered no new evidence of their effectiveness against Iran’s nuclear program.

Following classified briefings this week, Republican lawmakers acknowledged the US strikes may not have eliminated all of Iran’s nuclear materials – but argued that this was never part of the military’s mission.

Severe but not ‘total’ damage

Asked about the different assessments, Grossi, director general of the International Atomic Energy Agency (IAEA), told CBS’s “Face the Nation with Margaret Brennan”: “This hourglass approach in weapons of mass destruction is not a good idea.”

“The capacities they have are there. They can have, you know, in a matter of months, I would say, a few cascades of centrifuges spinning and producing enriched uranium, or less than that. But as I said, frankly speaking, one cannot claim that everything has disappeared and there is nothing there,” he told Brennan, according to a transcript released ahead of the broadcast.

“It is clear that there has been severe damage, but it’s not total damage,” Grossi went on to say. “Iran has the capacities there; industrial and technological capacities. So if they so wish, they will be able to start doing this again.”

Grossi also told CBS News that the IAEA has resisted pressure to say whether Iran has nuclear weapons or was close to having weapons before the strikes.

“We didn’t see a program that was aiming in that direction (of nuclear weapons), but at the same time, they were not answering very, very important questions that were pending.”

Grossi stressed the need for the IAEA to be granted access to Iran, to assess nuclear activities. He said Iran had been disclosing information to the agency up until recent Israeli and US strikes, but that “there were some things that they were not clarifying to us.”

“In this sensitive area of the number of centrifuges and the amount of material, we had perfect view,” he said. “What I was concerned about is that there were other things that were not clear. For example, we had found traces of uranium in some places in Iran, which were not the normal declared facilities. And we were asking for years, why did we find these traces of enriched uranium in place x, y or z? And we were simply not getting credible answers.”

The initial Pentagon assessment said Tehran may have moved some of the enriched uranium out of the sites before they were attacked but Trump has insisted nothing was moved.

“It’s logical to presume that when they announce that they are going to be taking protective measures, this could be part of it (moving the material). But, as I said, we don’t know where this material could be, or if part of it could have been, you know, under the attack during those 12 days,” Grossi told Brennan.

Meanwhile, Tehran has made moves towards withdrawing from international oversight over its nuclear program.

Iran’s parliament passed a bill halting cooperation with the UN nuclear watchdog, while the Foreign Minister, Abbas Araghchi, also said that the country could also rethink its membership of the Non-Proliferation Treaty (NPT), which prohibits signatories from developing nuclear weapons.

This post appeared first on cnn.com

It was a week of downward momentum for the gold price.

The yellow metal neared the US$3,400 per ounce level on Monday (June 23) as investors reacted to the weekend’s escalation in tensions in the Middle East, but sank to just above US$3,300 the next day.

The decline came as US President Donald Trump announced that Israel and Iran had agreed to a ceasefire. While the ceasefire has not gone entirely smoothly, with Trump expressing displeasure about violations, the news appeared to calm investors.

Gold’s safe-haven appeal took another hit toward the end of the week, when Trump said late on Thursday (June 26) that the US had signed a trade deal with China. Although details remain scarce — China’s commerce ministry confirmed the arrangement, but said little else — the gold price dropped on the news, closing Friday (June 27) at about US$3,274.

It was a different story for other precious metals this week.

Silver enjoyed an uptick, rising as high as US$36.79 per ounce before pulling back to the US$36 level. Whether it can continue breaking higher remains to be seen, but many experts are optimistic.

In fact, Randy Smallwood of Wheaton Precious Metals (TSX:WPM,NYSE:WPM) said that right now he’s perhaps more excited about silver than he is about gold. Here’s how he explained it:

There’s not a lot of new production coming on stream, just because most silver comes as a by-product from lead, zinc and copper mines — more than half of silver. And we’re just not seeing the investment into the base metals space that we need to sustain that production and grow that production.

As excited as I am about gold, I think silver’s got a few more fundamentals behind it that make it a pretty exciting time to be watching silver … silver’s got some catching up to do with respect to what gold’s done over the last few years.’

Watch the full interview with Smallwood for more on silver, as well as gold and platinum.

Speaking of platinum, it was also on the move this week, rising above US$1,400 per ounce.

The move has turned heads — despite a persistent supply deficit, platinum has spent years trading in a fairly tight range, and it hasn’t crossed US$1,400 since 2014.

Recent trends supporting platinum’s move include a shift toward platinum jewelry due to the high cost of gold, as well as larger platinum imports to the US earlier this year when tariff uncertainty was heating up. At the same time, miners have faced challenges.

‘This has led to tight forward market conditions,’ said Jonathan Butler of Mitsubishi (TSE:8058), ‘with a deep backwardation across the curve.’ In his view, these conditions will continue providing support for the precious metal in the coming weeks.

Bullet briefing — Gold repatriation, Rule Symposium

Germany, Italy to repatriate gold?

Germany and Italy are facing calls to bring home gold stored in the US.

According to the Financial Times, politicians and economists in the two countries are pushing for repatriation as a result of global geopolitical uncertainty, as well as concerns about Trump’s potential influence on the Federal Reserve as he continues to criticize Chair Jerome Powell.

‘We are very concerned about Trump tampering with the Federal Reserve Bank’s independence. Our recommendation is to bring the (German and Italian) gold home to ensure European central banks have unlimited control over it at any given point in time’ — Michael Jäger, Taxpayers Association of Europe

The news outlet calculates that German and Italian gold held in the US has a total value of about US$245 billion. Market participants agree that it would be a blow to relations with America if the countries were to bring their gold home at this time.

At least for now they seem unlikely to do so — although Italy’s central bank hasn’t commented, Germany’s Bundesbank said it sees the New York Fed as ‘trustworthy and reliable.’

Send your questions for the Rule Symposium

The Rule Symposium runs in Boca Raton, Florida, from July 7 to 11, and I’ll be heading there to interview Rick Rule, as well as Adrian Day, Lobo Tiggre, Andy Schectman, Dr. Nomi Prins and more.

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

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Ecuadorian forces have revealed how they captured the country’s most-wanted man, drug lord Adolfo “Fito” Macías, more than a year after his brazen prison escape prompted the president to declare an internal armed conflict to crack down on the country’s most violent gangs.

After an almost 18-month manhunt for the leader of the criminal group Los Choneros, the Ecuadorian Security Bloc made a breakthrough on June 25. They obtained intelligence that alerted them to a luxurious home in the province of Manabí, the gang’s longtime stronghold for drug operations.

Authorities immediately traveled to the area and launched a 10-hour operation to try to find and capture the notorious gangster. To prevent the raid from being thwarted, the military and police shut down access within a 15-block radius so no one could enter or leave the site.

Special teams from the armed forces eventually entered the property to gather more information and take control of the house.

It was a fully equipped villa, featuring a pool, a gym, appliances, a game room, marble-like walls, and features that indicated the property was still under construction.

In one area of the house, there was a perfectly camouflaged hole in the floor, containing a bunker with hidden access and air conditioning.

“Police and armed forces on the scene began conducting a search with instruments to see where alias ‘Fito’ was hiding,” Ecuador’s Interior Minister John Reimberg said.

A surveillance flight had identified an irregular crop field behind the house, so authorities requested the use of excavators to locate the drug lord.

“They started to excavate. As soon as this happened, Fito panicked because if we continued, the roof of his bunker would collapse. At that moment, he opened the hatch, where the military was already located, and climbed out of the hole where he was hiding. That’s how we detained him,” Reimberg said.

Soldiers pinned Macías to the ground, pointed weapons at him and ordered him to say his full name out loud.

“Adolfo Macías Villamar,” he said while lying on the floor with his hands behind his back, footage from the army showed.

After the operation, authorities arrested Macías, along with four other men identified as part of his security detail.

Macías was immediately transferred to the Manta Air Base and then to the Guayaquil Air Base. From there, he was taken to the maximum-security La Roca prison, located in the Guayaquil prison complex, behind La Regional prison, from where he escaped in January 2024.

A photo later released by the interior ministry showed the drug lord locked inside his cell.

President Daniel Noboa said Ecuador is working to extradite him to the United States – where he faces drugs and weapons charges – and is awaiting a response from American officials.

Macías is one of Ecuador’s most notorious gangsters and is the only founding member of Los Choneros believed to still be alive. In 2011 he was sentenced “for a string of crimes, including homicides and narcotics trafficking,” according to think tank Insight Crime, but sprung out of jail in February 2013 before being recaptured months later.

Little is known about his life prior to crime, but he gained a reputation for being the gang’s money laundering expert while incarcerated for over a decade.

Before he fled prison in 2024, the government was planning on moving Macías to a higher-security facility. Noboa’s press secretary told a local channel that the news had likely reached Macías and prompted him to make his escape.

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Min Young-jae has not seen or heard anything about her eldest brother for 75 years. He was 19 and she was only 2 when, during the early days of the Korean War, he was kidnapped to the North.

Their peaceful days were shattered on June 25, 1950, when North Korea invaded the South. The three-year war would kill more than 847,000 troops and about 522,000 civilians from both sides, and tear apart more than 100,000 families, including Min’s.

After the war, the family kept the rusting doors of their tile-roofed house open, in hopes that their eldest would one day return. But over time, barbed wire has been installed between the two Koreas, and a modern apartment complex has replaced the house.

Though 75 years have passed without a single word about or from the brother, Min and her siblings remain hopeful that they will hear about him some day. Or, if not him, then his children or grandchildren.

A happy family

The family lived in Dangnim village, nestled between green mountains on the western side of Chuncheon city, nearly 100 kilometers northeast of Seoul. It was a village of chirping birds, streaming water and chugging tractors.

It was also dangerously close to the 38th parallel, which divided the peninsula after World War II.

Min Young-jae, the youngest of seven, does not remember fighting with any of her siblings growing up; only sharing tofu that her parents made, splashing in the stream and being carried around on her eldest brother’s shoulders.

Handsome, kind and smart, Min Young-sun was studying at the Chuncheon National University of Education, following in the footsteps of his father, the principal of Dangnim Elementary School.

“His nickname was ‘Math Whiz.’ He excelled in math, even his classmates called him Math Whiz,” Min Jeong-ja, the fifth child of the family, said.

Some days, students followed him all the way home, as he commuted via train and boat, asking him to teach math, the sisters recalled.

The sisters remember Min Young-sun as a caring brother. They caught fish and splashed in the nearby stream, now widely covered with reeds and weeds and almost out of water.

“We grew up in real happiness,” Min Jeong-ja said.

Torn apart

Living near the frontier between the newly separated Koreas – backed by the rival ideological forces of communism or capitalism – Min’s family was among the first to experience the horrors of the Korean War.

When Kim Il Sung’s North Korean troops invaded, Min Jeong-ja remembers seeing her grandmother running in tears, with a cow in tow, screaming: “We’re in a war!”

“We all spread out and hid in the mountains, because we were scared. One day, we hid the 4-year-old, Young-jae, in the bushes and forgot to bring her back because we had so many siblings. When we returned that night, she was still there, not even crying,” Min Jeong-ja said.

While the family was running in and out of the mountains, taking shelter from the troops coming from the North, Min Young-sun was kidnapped, taken to the North by his teacher.

“The teacher gathered smart students and hauled them (away). He took several students, tens of them. Took them to the North,” Min Jeong-ja said.

It is unknown why the teacher would have kidnapped the students to North Korea, but the South Korean government assumes that Pyongyang had abducted South Koreans to supplement its military.

“People called the teacher a commie,” Min Jeong-ja said.

That heartache was soon followed by another: the death of the second-eldest brother. He died of shock and pain, in deep sorrow from the kidnap of his brother, according to the sisters.

“The grief was huge. Our parents lost two sons… imagine how heartbreaking that would be,” Min Jeong-ja said.

For their father, the pain of losing two sons was overwhelming. He developed a panic disorder, she said, and would struggle to work for the rest of his life.

“He couldn’t go outside; he stayed home all the time. And because he was hugely shocked, he struggled going through day-to-day life. So, our mom went out (to work) and suffered a lot,” Min Young-jae said.

The mother jumped into earning a living for the remaining five children and her husband. Still, every morning she prayed for Min Young-sun, filling a bowl with pure water as part of a Korean folk ritual and leaving the first scoop of the family’s rice serving that day in a bowl for a son whom she believed would return one day.

“She couldn’t move house; in case the brother cannot find his way back home. She wouldn’t let us change anything of the house, not even the doors. That’s how she waited for him… We waited for so long, and time just passed,” Min Jeong-ja said.

The pain continues

Min Jeong-ja was 8 years old when the war started, but witnessed brutality that would overwhelm many adults.

“So many kids died. When I went out to the river to wash clothes, I occasionally saw bodies of children floating,” she recalled.

She remembers witnessing North Korean soldiers lining up people in a barley field, and shooting at them with submachine guns. “Then one by one, they fell on the barley field.”

“I saw too much. At one point – I didn’t even know if the soldier was a South Korean or North Korean – but I saw beheaded remains.”

The Min family is one of many torn apart by the war. More than 134,000 people are still waiting to hear from their loved ones believed to be in North Korea, which is now one of the world’s most reclusive states, with travel between the two countries nigh-on impossible.

Years after the Korean War, the two Koreas discussed organizing reunions for the separated families that have been identified from both sides through the Red Cross and both governments.

The first reunion happened in 1985, more than 30 years after the ceasefire agreement was signed, and the annual reunions kicked off in 2000, when many first-hand war victims were still alive, but occasionally halted when tensions escalated on the peninsula.

Once the two governments agree on a reunion date, one of the two Koreas selects families, prioritizing the elderly and immediate relatives, then shares the list with the other, which would cross check the family on its side to confirm the list of around 100 members.

The selected families would meet at an office specifically built for reunions at the Mount Kumgang resort in North Korea.

The Min siblings applied to the Red Cross at least five times and listed themselves under the South Korean government as a separated family. But there was never any word on their brother’s whereabouts from the other side.

As 75 years passed, the siblings grew up, got married, and formed their own families – but questions about their stolen brother linger.

Even worse, the annual reunions of separated families have been halted since 2018, following failed summit between US President Donald Trump and North Korea’s leader Kim Jong Un in Hanoi, while first-hand victims of the war age and pass away.

The Kumgang resort was dismantled by the North in 2022, also amid strained tensions.

But the siblings, following their parents’ wishes, still hope to connect with Min Young-sun, who would now be 94 years old.

“It’s been a long time since we were separated, but I would be so grateful if you’re alive. And if you’re not, I still would love to meet your children. I want to share the love of family, remembering the happy days of the past… I love you, thank you.”

She and the siblings remember the kidnapped brother by singing his favorite song, “Thinking of My Brother,” a children’s song about a brother that never returned.

“My brother, you said you would come back from Seoul with silk shoes,” Min Young-jae sang, while her sister wiped away tears.

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