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Melbourne, Australia (ABN Newswire) – Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) has entered into a binding agreement to acquire the global rights to commercially exploit a patented photovoltaic (‘PV’) solar panel recycling technology known as ‘Microwave Joule Heating Technology’ (‘MJHT’ or the ‘Technology’).

Highlights

– Agreement to acquire global rights photovoltaic (PV) solar panel recycling technology

– ‘Microwave Joule Heating Technology’ (MJHT) from Macquarie University

– Utilises microwave technology to selectively heat and delaminate PV cells

– 60-78 million tonnes of waste photovoltaic (PV) modules cumulated by 2050

– Today only 15% of waste solar cells are recycled worldwide

– Most end up in land fill as valuable waste

– Hard to recycle, high temperature furnace, toxic chemicals, low recovery

– MJHT and Delamination enables selective separation of materials – higher recoveries

– To investigate further recovery of silver, silicon, gallium and indium

– Binding commitments received to raise $1.7 million via placement to existing and new sophisticated and professional investors

The rights will be secured via an exclusive licensing agreement (‘Licensing Agreement’) with Macquarie University (‘MQU’), held through an Australian-incorporated holding company, New Age Minerals Pty Ltd (‘NAM’). The key terms of the Licensing Agreement are set out in Schedule 1*. The transaction will be effected by LU7 acquiring 100% of the issued share capital of NAM (‘Proposed Transaction’).

The basis of the technology platform utilises microwave technology to selectively heat silicon thereby softening the EVA encapsulant in solar panels, enabling easy delamination and potential recovery of valuable materials at room temperature. This approach avoids the need for extreme heat (1400degC) typically required for separating materials like glass and silicon as well as the use of costly hazardous chemicals in traditional processes. Delamination enables selective separation of materials without the need for mechanical crushing, whereas traditional crushing methods often result in cross-contaminated material and lower recovery rates.

A report published by the International Energy Agency Photovoltaic Power Systems Programme1 projected that global waste PV modules will amount to 1.7-8.0 million tonnes cumulatively by 2030 and 60-78 million tonnes cumulatively by 2050. By 2035, Australia is expected to accumulate 1 million tonnes of solar panel waste worth over A$1 billion, while the global CIGS (Copper, Indium, Gallium, Selenide) solar cell market is projected to grow to US$12.23 billion by 2032.

Currently, only 15% of used PV cells are recycled, with the rest accumulating in landfills.

This low recycling rate is due to complex processes, high-temperature furnaces, toxic chemicals, and poor recovery yields. The Technology, developed by MQU, enhances the extraction of valuable metals such as silver, silicon, gallium, and indium from discarded PV panels using microwave and delaminating techniques. The breakthrough technology offers a promising new approach for enhanced recovery of valuable metals like Silver, Silicon, Gallium, and Indium. The Company plans to initiate further research and development in this area.

THE PROBLEM TODAY

The world’s renewable energy transition is moving fast, with large-scale PV solar panels playing a central role in national energy strategies. The global solar cell market is projected to hit US$39.81 billion by 2037, growing at a compound annual growth rate (CAGR) of around 8.2%.

Approximately 37% of Australian households have installed solar panels. This represents over 4 million homes and small businesses with solar power systems. The Clean Energy Council reports that 12.4% of Australia’s electricity generation in 2024 came from rooftop solar.

However, as these panels approach the end of their 25-30-year lifespan, the industry faces a growing challenge: managing solar panel waste and recovering valuable materials. A report published by International Energy Agency Photovoltaic Power Systems Programme (IEA PVPS) Task12 and the International Renewable Energy Agency (IRENA) in 2016 projected world’s waste PV modules globally to amount to 1,7-8,0 million tonnes cumulatively by 2030 and to 60-78 million tonnes cumulatively by 2050. By 2035, Australia alone is expected to accumulate 1 million tonnes of end-of-life solar panels, with a total material value of over $1 billion. By 2045, Australia could be looking at 34.6 GW of serviceable panels that will need to be recycled or repurposed, equivalent to the total installed solar capacity in the country as of August 2024.

LOW RECYCLING RATES

The global recycling rate for PV solar panels is around 15%, driven by several challenges. The recycling process is complex, requiring high temperatures and toxic chemicals, making it costly and energy intensive. Economic incentives are limited as the recovery of valuable materials like silicon does not provide sufficient financial returns. However, if recycling technologies can effectively attract and recover critical materials like silver, silicon, gallium, and indium, the financial viability of recycling improves, driving higher recycling rates.

Additionally, the lack of recycling infrastructure and the diverse materials in panels further complicate efficient separation, but advancements in technology are addressing these issues.

When waste PV cells aren’t recycled, they often end up in landfills, causing numerous environmental problems.

Panels can contain harmful materials like cadmium and lead, which may leak into the ground and water, posing risks to both ecosystems and human health. Valuable metals like silver, silicon, gallium, and indium are lost, adding to the strain on natural resources. As more solar panels reach the end of their life, landfills fill up, and the energy stored in these materials is wasted. Recycling can help solve these issues by recovering critical materials and cutting down on pollution.

POTENTIAL GROWTH OF PV RECYCLING INDUSTRY

The nascent PV solar panel recycling industry is experiencing rapid growth due to the increasing demand for critical metals such as silicon, silver, and indium, which hold substantial economic value. As the market for endof-life (EoL) solar panels expands, driven by both economic opportunities and environmental needs, the recovery of these materials is becoming a lucrative business. The market for recyclable materials from EoL solar panels is projected to reach over $2.7 billion by 2030 and could approach $80 billion by 2050, according to Rystad Energy. This growth is further fuelled by the fact that recovering materials from used panels can offset the need for costly and environmentally damaging virgin material extraction. Additionally, recycling helps secure a domestic supply of critical metals, reducing reliance on volatile foreign sources. Advancements in recycling technology, particularly in recovering high-value materials like silicon and silver, are making these processes more economically viable and environmentally necessary. Research has demonstrated that up to 98% of silver and nearly all of copper, lead, and other valuable metals can be recovered efficiently, enhancing the profitability of the recycling industry. As technology improves, the recycling of PV panels will play a crucial role in supporting the transition to a circular economy and sustainable energy future.

CRITICAL METALS IN PV CELLS

As the demand for critical minerals continues to rise with the global shift to clean energy, the need to recover valuable materials from these panels becomes increasingly urgent. Solar panels are made up of 95% recyclable materials, including silver, aluminum, silicon, copper, indium, and gallium-all of which are vital to global clean energy supply chains. Rare metals like gallium are essential for solar fuel cells, semiconductor chips, and other high-tech applications, making their recovery from e-waste a key priority.

COMMENTS: EXECUTIVE CHAIRMAN, IGGY TAN

‘Now that we have completed our lithium refinery DFS and secured all necessary components-including land and partnerships-we are positioned and ready for a lithium price recovery. We are confident in our counter-cyclical strategy and firmly believe that LU7 will benefit significantly when the lithium market rebounds. While awaiting this recovery, we have been presented with an exciting opportunity to acquire a cutting-edge photovoltaic recycling technology’.

‘I am thrilled about the acquisition of Macquarie University’s Microwave Joule Heating Technology (MJHT) and the opportunity to potentially extract critical metals such as silver from solar panel recycling.

The need for effective PV recycling has never been greater, with only 15% of panels currently being recycled. The mass accumulation of solar panel waste in landfills is a growing problem, as valuable critical metals like silver, silicon, gallium, and indium are left behind, contributing to both resource depletion and environmental harm. Microwave technology offers a promising solution to these challenges, enabling higher recovery rates and more sustainable recycling processes. We firmly believe that this technology represents the future of solar panel waste management. We are eager to collaborate with the Macquarie team to develop a more efficient and cost-effective recycling process’.

*To view the full release with tables and figures, please visit:
https://abnnewswire.net/lnk/A0938OHA

To view the Market Presentation, please visit:
https://www.abnnewswire.net/lnk/JJ10ITOI

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe’s mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

Source:
Lithium Universe Ltd

Contact:
Alex Hanly
Chief Executive Officer
Lithium Universe Limited
Tel: +61 448 418 725
Email: info@lithiumuniverse.com

Iggy Tan
Chairman
Lithium Universe Limited
Email: info@lithiumuniverse.com

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

Adelaide, Australia (ABN Newswire) – Resolution Minerals Ltd (ASX:RML) (FRA:NC3) (OTCMKTS:RLMLF) is pleased to announce the selection of Clewett Global Services as external affairs advisers to support the development of the Horse Heaven Antimony-Gold-Silver-Tungsten project in Idaho, USA.

Highlights

– Engagement in Washington D.C. is a critical step in positioning RML as a trusted partner in the U.S. critical minerals supply chain

– Resolution to consider applying for U.S. Department of Defense (DOD) funding to expedite Horse Heaven Project in Idaho

– Neighbouring Perpetua Resources (PPTA.NAS) was fast-tracked for development in April 2025, and received up to US$74 million in DOD funding, highlighting strong U.S. Government commitment and support for antimony and other critical metal projects

– By aligning with U.S. Government strategic priorities, RML is actively enhancing its ability to progress Horse Heaven on a faster schedule

– Antimony, Silver, Gold and Tungsten trading at record-high prices

CLEWETT GLOBAL SERVICES APPOINTED TO WORK WITH RESOLUTION TO DEVELOP U.S. GOVERNMENT ENGAGEMENT STRATEGY

The Horse Heaven Project is located directly adjacent to NASDAQ-listed Perpetua Resources’ $2 billion Stibnite Gold and Antimony Project, which recently gained final record of decision approval from the U.S. Forest Service.

Horse Heaven has strong gold, antimony and silver mineralisation in two highly prospective structurally controlled mineralised corridors, and includes past-producing antimony, tungsten and gold mines.

Historical exploration results from Horse Heaven are highly encouraging and indicate similar geological characteristics to the neighbouring Stibnite project.

Given the importance of antimony to the U.S. Government’s critical minerals strategy, Resolution Minerals is excited to develop the Horse Heaven Project and will be actively seeking the support of the U.S. Government to expedite its progress.

Founding Partner of Clewett Global Services, Todd Clewett, is a seasoned external affairs executive with a track record of success in engaging decision makers in Washington D.C. regarding mining and critical minerals projects. Clewett formerly headed up the external affairs function for both Newmont Corporation and Fortescue.

Background

The U.S. government has prioritised domestic and allied sources of key minerals such as antimony, tungsten and gallium recognising their importance to defense applications and renewable technologies.

Until now, the U.S. has relied mainly on China for the supply of many critical metals. Following China’s total ban on exports of these metals to the U.S. in late 2024, a priority of the new Administration is to shore up its own domestic supply chains of these materials.

Fast-41 Program

The FAST-41 program, established by Title 41 of the Fixing America’s Surface Transportation Act (FAST Act), is a program designed to improve the timeliness, predictability, and transparency of the federal environmental review and permitting process.

FAST-41 is designed to streamline and expedite the permitting process for infrastructure and mining projects deemed nationally significant. FAST-41 can offer benefits to project developers, including increased predictability, transparency and faster decision-making.

Some projects currently covered under FAST-41 include:

– Perpetua Resources’ (PPTA.NAS) Stibnite Gold Project in Idaho

– Stillwater Palladium & Platinum Project in Montana

– Jindalee Resources’ (ASX:JLL) McDermitt Lithium Project in Oregon

– BPH and RIO’s Resolution Copper Project in Arizona

– South32’s (ASX:S32) Hermosa Critical Minerals Project in Arizona

Resolution Minerals’ efforts to participate in the FAST-41 program follow the precedent set in April this year by next-door neighbour, NASDAQ-listed Perpetua Resources (PPTA.NAS), whose Stibnite Gold Project in Idaho became the first mining project accepted under FAST-41, and by ASX-listed Jindalee Lithium Limited (ASX:JLL), whose McDermitt Lithium Project in Oregon was also successfully fasttracked under FAST-41 in April.

2025 Budget Reconciliation Bill (‘Big Beautiful Bill’)

The proposed 2025 Budget Reconciliation Bill includes US$2.5 billion to support U.S. production of critical minerals via the National Defense Stockpile. In addition, there is US$500 million allocated to the Department of Defense Credit Program for loans, loan guarantees, and technical assistance aimed at developing reliable sources of critical minerals – both within the U.S. and among key international allies.

Congress is expected to pass this bill (in some form) by the end of July 2025. Resolution has commenced plans to pursue all its available options to apply for funding that may become available upon passing of this proposed bill.

Resolution is considering opportunities under the U.S. Department of Defense’s Title III and Industrial Base Analysis and Sustainment (IBAS) programs, which support the development of reliable and resilient supply chains for critical minerals.

RML’s Executive Director, Aharon Zaetz commented:

‘We are extremely honoured for Todd Clewett to want to work with us. We feel very excited that he shares the enthusiasm for the Horse Heaven project and sees the massive potential here. Todd’s experience in working with governments to develop mining projects will be an invaluable asset to RML.

Todd’s experience, knowledge and network in the White House provides him with an extremely rare and unique skillset that RML shareholders are extremely privileged to benefit from.

About Resolution Minerals Ltd:  

Resolution Minerals Ltd (ASX:RML) is a mineral exploration company engaged in the acquisition, exploration and development of precious and battery metals – such as antimony, gold, copper, and uranium.

Resolution Minerals Ltd Listed on the ASX in 2017 and has a broad portfolio of assets, such as the Drake East Antimony-Gold Project in north-eastern NSW and George Project prospective for silica sand and uranium.

Source:
Resolution Minerals Ltd

Contact:
Aharon Zaetz
Executive Director
Resolution Minerals Ltd
M: +61 424 743 098
ari@resolutionminerals.com

Jane Morgan
Investor Relations
Jane Morgan Management
M: +61 405 555 618
jm@janemorganmanagement.com.au

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

President Donald Trump’s business organization has announced the creation of a new wireless phone service that will carry the president’s name.

Trump Mobile, as the service will be known, will soon be available for what Donald Trump Jr. described as “real Americans” seeking “true value from their mobile carriers.” The eldest of Trump’s children, who serves as executive vice president of the Trump Organization, which runs the president’s businesses, made the remarks at a press event in New York City on Monday morning alongside his brother Eric Trump, who also oversees the Trump Organization.

According to the TrumpMobile.com website, the plan starts at $47.45 a month, reference to the elder Trump having served as the 45th and 47th president.

By comparison, Boost Mobile and Verizon’s Visible offer similar unlimited service for $25 per month. T-Mobile and Spectrum offer unlimited plans for $30.

Users can change to Trump Wireless while still keeping their existing phones. At the same time, the Trump Organization is also rolling out a $499 gold-colored phone, dubbed the T1, later this year as part of the service’s launch.

The announcement represents another example of the unprecedented line-blurring the president has undertaken by running the country while his branded business ventures continue to operate and make millions.

Late Friday, the president filed financial disclosure forms for 2024 showing hundreds of Trump-branded business ventures in operation as of last year. The Trump Organization, the main corporate entity run by the president’s family, earned more than $57 million from sales of digital tokens launched by its World Liberty Financial cryptocurrency platform. Trump has aggressively wielded the powers of the executive office to threaten businesses whose policies he does not support.

The launch of a wireless phone is a particularly striking case, since it comes as the president seeks to bring more production of electronics, including smartphones, to the United States. Trump has explicitly threatened Apple with tariffs for not making its iPhones stateside. Trump has sought to exert a strong influence over the heavily regulated telecom industry through Brendan Carr, the attorney Trump appointed to lead the Federal Communications Commission. Carr has cited traditional carriers for allegedly abusing workforce diversity requirements and censoring conservative voices.

The White House referred a request for comment to the Trump Organization. It did not respond to a follow-up query asking whether the president planned to use his own branded wireless service or the T1 phone.

According to its website, Trump Mobile is “powered” by Liberty Mobile Wireless. Florida state business records indicate Liberty Mobile was first registered in 2018 by its president and CEO, a Miami-area entrepreneur named Matthew Lopatin. He did not respond to an emailed request for comment.

Representatives for the three major U.S. phone carriers did not respond to requests for comment.

Trump Mobile’s T1 PhoneTrump Mobile

According to its website, Trump Mobile users would be able to receive telemedicine on their phone, roadside assistance and unlimited texting to at least 100 countries.

The service and phone are not actually made by the Trump Organization. The company is licensing the president’s name to a wireless service that is supported by the three major U.S. phone carriers. In a separate appearance with Fox Business host Maria Bartiromo’s “Mornings with Maria” show Monday, Eric Trump said the phones would also be made in the U.S. but did not state the manufacturer. He also said the service’s call center would be based in St. Louis.

The announcement appears to echo one made earlier this month by the trio of actor-hosts of the popular “SmartLess” podcast, who said they were launching their own wireless service by purchasing network capacity from T-Mobile.

Another actor, Ryan Reynolds, has invested in Mint Mobile, which also uses T-Mobile’s network. Both Mint and SmartLess have been pitched as value services for users who don’t have need for unlimited data.

This post appeared first on NBC NEWS

Kraft Heinz said Tuesday that it will remove FD&C artificial dyes from its products by the end of 2027, and will not launch any new products in the U.S. containing those ingredients.

The company said in a release that about 10% of its U.S. items use FD&C colors, the synthetic additives that make many foods more visually appealing. Kraft Heinz brands that sell products with these dyes include Crystal Light, Kool-Aid, MiO, Jell-O and Jet-Puffed, according to a Kraft Heinz spokesperson.

The company removed artificial colors, preservatives and flavors from its Kraft macaroni and cheese in 2016 and its Heinz ketchup has never used artificial dyes, according to Pedro Navio, North America president at Kraft Heinz. It is unclear how removing the dyes will affect the company’s business, as consumers could perceive the products as healthier but also may be less drawn to duller colors.

Cases of Kool-Aid Jammers are stacked at a Costco Wholesale store in San Diego on April 27, 2025.Kevin Carter / Getty Images

The decision follows pressure from the U.S. Food and Drug Administration and Department of Health and Human Services, led by Secretary Robert F. Kennedy Jr., for the food industry to pull back on artificial dyes as part of a larger so-called Make America Healthy Again platform.

The FDA in April announced a plan to phase out the use of petroleum-based synthetic dyes by the end of next year and replace them with natural alternatives. Besides the previously banned Red No. 3, other dyes that will be eliminated include red dye 40, yellow dye 5, yellow dye 6, blue dye 1, blue dye 2 and green dye 2, FDA Commissioner Marty Makary said at the time.

Kennedy said at the time that the FDA and the food industry have “an understanding,” not a formal agreement, to remove artificial dyes. The Health and Human Services secretary discussed removing artificial food dyes during a meeting in March with top food executives from companies including Kraft Heinz, PepsiCo North America, General Mills, WK Kellogg, Tyson Foods, J.M. Smucker and the Consumer Brands Association, the industry’s top trade group.

A spokesperson for Kraft Heinz said on Tuesday that the company looks forward to partnering with the administration “to provide quality, affordable, and wholesome food for all.”

Momentum against food dyes had been building for years. In January, before President Donald Trump and Kennedy took office, the FDA announced a ban on the use of Red No. 3 dye in food and ingested drugs. The dye gives many candies and cereals their bright red color, but is also known to cause cancer in laboratory animals. The FDA allowed Red No. 3 to be used by food manufacturers for years, though the state of California had already banned the dye in 2023.

Kraft Heinz said in the release Tuesday that it has made more than 1,000 recipe changes over the past five years to improve product nutrition.

“The vast majority of our products use natural or no colors, and we’ve been on a journey to reduce our use of FD&C colors across the remainder of our portfolio,” Navio said. “Above all, we are focused on providing nutritious, affordable and great-tasting food for Americans and this is a privilege we don’t take lightly.”

This post appeared first on NBC NEWS

Russian overnight drone and missile attacks on Kyiv killed 14 people, officials said on Tuesday, in the deadliest strikes on the capital in weeks.

More than 55 people were wounded in the city, according to Kyiv Mayor Vitaliy Klitschko, making it one of the deadliest nights for its residents in weeks.

Kyiv residents heard loud sirens from late Monday, through the early morning hours of Tuesday, making it a loud and sleepless night for many in the city. The sirens continued as day broke Tuesday – an alarm purportedly for a ballistic threat, according to the Ukrainian Air Force.

Of those wounded, more than 40 have been taken to hospitals, Klitschko said, with residential buildings and other infrastructure severely damaged.

“We hope that no dead will be found under the rubble, but we cannot rule it out,” Klitschko added. “The death toll may increase.”

“During the attack on Kyiv in the Solomyanskyi district, a 62-year-old US citizen died in a house opposite to the one where medics were providing assistance to the victims,” Kyiv mayor Vitali Klitschko said in a message on Telegram, without giving details.

Paramedics and police were seen working to rescue people wounded in a building that appears partially collapsed, according to video posted by the State Emergency Service of Ukraine.

Smoke could be seen rising from the site and debris was strewn all over the ground. Vehicles in front of the building were charred and destroyed.

Some 27 locations in different districts came under fire, according to a statement from Ukraine’s Minister of Internal Affairs, Ihor Klymenko.

“Rescuers, police and medics are working. They are doing everything they can to help the victims, clear the rubble and save lives,” he said.

The strikes come as Trump announced he would return to Washington a day early from the Group of 7 summit in Canada.

His early departure means he will miss a key meeting with Ukraine President Volodymyr Zelensky on the sidelines of the event.

It would have been the leaders’ third meeting since Trump took office in January.

Ukrainian officials had been hoping that a positive interaction with Trump could advance Kyiv’s case as Russia has ramped up its airborne attacks in recent weeks.

Meanwhile, Russian Security Council Secretary Sergey Shoigu arrived in Pyongyang on a “special mission” from Russian leader Vladimir Putin, according to Russian state news agency TASS.

Shoigu is scheduled to meet North Korean leader Kim Jong Un, Tass reported Tuesday.

Pyongyang has continued support for Moscow’s war on Ukraine as world leaders push for an end to the three-year conflict.

North Korea has sent soldiers and millions of munitions, including missiles and rockets, to Russia over the past year, according to a May report by an international watchdog, the Multilateral Sanctions Monitoring Team.

The US has warned that Russia may be close to sharing advanced space and satellite technology with North Korea in exchange for continued support for the war in Ukraine.

In April, Russia launched its deadliest wave of attacks on Kyiv in nine months, sending 70 missiles and 145 drones toward Ukraine, mainly targeting the capital city, killing at least 12 people and injuring 90 more.

Under Trump, the US has been less willing to equip badly outgunned Ukraine directly, has pushed European partners to pick up more of the support and threatened to walk away altogether from peace talks.

This post appeared first on cnn.com

Five tunnels burrowing into a group of mountains, a large support structure and a wide security perimeter: That’s all you can see of Iran’s mysterious Fordow Fuel Enrichment Plant from recent satellite imagery.

The secretive, heavily guarded complex built close to the holy city of Qom has been fueling speculation about its true nature and size since it was first made public in 2009.

A chunk of what we do know about it comes from a trove of Iranian documents stolen years ago by Israeli intelligence.

Its main halls are an estimated 80 to 90 meters (around 262 to 295 feet) beneath the ground – safe from any aerial bomb known to be possessed by Israel, making destroying the facility from the air a near-impossible task.

As Iran’s leadership reels from a series of devastating Israeli strikes, some analysts say that it is at Fordow that Iran may rush to convert enriched uranium stockpiles into a nuclear bomb.

Israel has targeted the facility in recent days but, according to the International Atomic Energy Agency (IAEA), so far it has either been unwilling – or unable – to damage it.

Tehran has long maintained the objectives of its nuclear program are peaceful, but Fordow has been at the heart of concern over Iran’s ambitions.

“The size and configuration of this facility is inconsistent with a peaceful program,” then US President Barack Obama said in 2009 as he, along with then French President Nicolas Sarkozy and British Prime Minister Gordon Brown revealed the existence of Fordow to the world.

Just days before the announcement, the Iranians, apparently knowing Western agencies had learned about the facility, told the IAEA of their desire to build a new fuel enrichment facility. By that point construction at Fordow had been underway for years.

Tehran pushed back against the accusations, but condemnation even from ally Russia and concerns from China left it with little room to maneuver.

Construction started in the early 2000s

The US and its allies have not provided much detail on when the construction of Fordow started, but publicly available historical satellite imagery shows work at the site as far back as 2004, with photographs revealing two white square structures where the tunnel entrances are located today. The IAEA says it has additional imagery showing construction as far back as 2002.

“Fordow is actually a project that started during what we call the crash nuclear weapons program of the early 2000s,” said David Albright, head of the Washington, DC-based Institute for Science and International Security (ISIS), a nonpartisan institution dedicated to stopping the spread of nuclear weapons. “The idea was they (the Iranians) would make weapon-grade uranium in that plant, and they would obtain low-enriched uranium from the civil nuclear program in Iran.”

In 2009, a large outside support structure was already fully built and excavation was ongoing for what experts believe to be a ventilation shaft, crucial to allow air circulation into the facility. That shaft was later concealed and camouflaged, more recent imagery also shows.

Tehran explained to the IAEA in a letter dated October 2009 that the decision to build the facility underground was a result of “threats of military attacks against Iran,” adding that Fordow would serve as a contingency for the nearby Natanz plant, which, it claimed, “was among the targets threatened with military attacks.”

Iran told the IAEA the facility could house up to 3,000 centrifuges.

Nuclear deal and Israeli accusations

The dangers posed by Fordow were largely tamed as a result of the Joint Comprehensive Plan of Action (JCPOA) the so-called “Iran nuclear deal,” that required Iran to remove two-thirds of the centrifuges inside the facility, along with all nuclear material, after the facility was banned from any such work.

That process was slowly reversed when US President Donald Trump pulled out of the deal in 2018.

Further details about the facility were made public by Israeli Prime Minister Benjamin Netanyahu in 2018, after his country’s intelligence services seized more than 55,000 documents from what Israel said was Iran’s “atomic archive.”

Among the documents were detailed blueprints of Fordow and information on its objectives: To produce weapons-grade uranium, as part of Iran’s nuclear weapons program, for at least one or two nuclear weapons per year.

“We never saw any, any inconsistency,” Albright, who has combed through the documents, said of Iran’s push to develop nuclear weapons. “It’s hundreds of thousands of pages. I mean you just can’t make that amount of stuff up. I don’t think anyone challenges it, and that’s probably why there is an (IAEA) Board of Governors resolution against Iran.”

At the time, then Iranian Deputy Foreign Minister Abbas Araghchi called the revelations and Netanyahu’s comments “childish” and “laughable.” Then US Secretary of State Mike Pompeo said the US had known about the material “for a while” and believed the documents were authentic.

Protected from even the largest bombs

Recent IAEA reports suggested Iran had ramped up production of enriched uranium to a level of 60% at the Fordow facility, which, according to experts and the IAEA, now contains 2,700 centrifuges.

“The significantly increased production and accumulation of highly enriched uranium by Iran, the only non-nuclear-weapon state to produce such nuclear material, is of serious concern,” the IAEA said in a report on May 31.

“One of the things that elevated the tension, was they have no reason to do that, other than to be able to then go the next step and turn it into weapon-grade uranium,” Albright said.

“It was interpreted as they’re preparing themselves to be able to do it if they decide to. And if you’re 60%, you can turn it into weapon-grade uranium very quickly,” he added.

According to the ISIS think tank, “Iran can convert its current stock of 60 percent enriched uranium into 233 kg of weapon-grade uranium in three weeks at the Fordow Fuel Enrichment Plant,” enough for nine nuclear weapons.

That is why Fordow is a major focus of Israel’s attempts to degrade and destroy Iran’s nuclear program. But is it even feasible?

The US is the only country that possesses the kind of bomb required to strike Iran’s Fordow nuclear site, Israel’s ambassador to the US, Yechiel Leiter, said in an interview with Merit TV on Monday.

“For Fordow to be taken out by a bomb from the sky, the only country in the world that has that bomb is the United States. And that’s a decision the United States has to take, whether or not it chooses to actually pursue that course,” Leiter said. But, he added, that wasn’t the only option: “There are other ways of dealing with Fordow.”

Destroying Fordow from the air would be almost impossible for Israel, according to a March report from the UK-based Royal United Services Institute (RUSI) think tank and would require significant firepower and assistance from the United States.

It would not even be reachable by the US’ GBU-57 massive ordnance penetrator bombs, which only reach about 60 meters deep, according to the RUSI report. And the GBU-57 can only be delivered by US Air Force B-2 stealth bombers, something Israel doesn’t have – even if the US would give it the bombs.

“Even the GBU-57/B would likely require multiple impacts at the same aiming point to have a good chance of penetrating the facility,” said the report.

Other analysts agree, saying, if the US were to try to hit Fordow, it probably couldn’t be done with one bomb.

Albright says there could be other ways to disable Fordow.

“Israel could probably destroy the tunnel entrances pretty far back, and certainly destroy the ventilation system,” he said. “If you destroyed (the tunnels) and the electric electrical supply, it would be months before they could really operate.”

Despite its crucial role in Iran’s nuclear program, Albright believes Fordow is just another piece of the puzzle.

“If you destroy it, it’s not the end of the line, because you then go to the next threat, which is, how many centrifuges has Iran made that they didn’t deploy at Fordow and Natanz? And where are they?” he said.

“I think people over-emphasize the need to destroy it by bringing down its ceilings, which admittedly, probably only the US can do.”

This post appeared first on cnn.com

With oil prices surging and geopolitical unrest stirring in the Middle East, it’s no surprise that energy stocks are drawing renewed attention. And, quite frankly, this week didn’t have many market-moving earnings. So this week, we skate to where the puck is, or, in this case, where traders’ eyes will be focused—the Energy sector.

In the past, we have witnessed this sector spike due to conflicts, and changes can come quickly. The following setups appear to favor continued and quick momentum to the upside.

Energy: A Sector on the Move

Let’s begin with the big picture: the Energy Select Sector SPDR ETF (XLE). This ETF offers a broad view of the energy landscape. Yes, 40% of this ETF consists of just two stocks — Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX). So these two will drive the bus when it comes to price action. However, when looking at the entire sector, we see some good risk/reward setups worth monitoring.

From early 2024, XLE has been trading in a rather wide neutral range. In April, though, the ETF broke down and fell out of that range. That was due in part to cheaper oil prices and a reaction to Liberation Day tariffs. This ended up being a classic bear trap, as price held its 200-week moving average (red circle above) and moved back into its range.

The adage, “from false moves come fast moves in the opposite direction,” is well in play here, and given the fundamental backdrop of oil spiking due to conflict, the push higher should continue.

From a risk/reward set-up, the ETF could climb towards the top end of its range and likely break out higher. The risk is at the bottom of the neutral range — support at $82.50 with a first stop upside target of $95. Given Friday’s close, it’s not too much of a risk/reward difference, but momentum indicators suggest the upside is achievable, possibly quickly.

The weekly Moving Average Convergence/Divergence (MACD) is flashing a strong buy signal, while the Relative Strength Index (RSI) is breaking a downtrend going back to its August 2024 peak. It has all the makings of a run to resistance and potential breakout, with conservative upside targets of $108 given the range from which the ETF is breaking out.

Occidental Petroleum (OXY): A Buffett Favorite Reawakens

If you’ve followed Warren Buffett’s investments, you’ll recognize Occidental Petroleum (OXY). The stock has been beaten down for quite some time, but, last week, it awoke from its slumber.

OXY shares spiked on Friday, which puts it at a key inflection point. This price action caught our eye, since we are focusing on some good setups from a risk/reward perspective. There could be more room for the stock to run.

OXY enters the week at its weekly downtrend, going back to its 2024 peak at $69.56. Technically, there is major resistance ahead, but it seems poised to attack those levels and has a lot to reverse, which can give investors a nice percentage gain in the meantime.

If shares can eclipse this recent downtrend, then expect a quick run to its 200-week moving average at the $52/$53 level. This level acted as a major consolidation point for years; the once mighty support area could act as resistance and must be watched closely. However, a date with this level looks quite promising and represents a 15% gain from Friday’s close.

If momentum continues and OXY breaks through that level, it’s smooth sailing for another 15+% upside toward the $60 area. OXY could continue to its 2022–2023 consolidation area and do so quickly.

Baker Hughes (BKR): Is It Ready to Wake Up?

Lastly, we turn to Baker Hughes (BKR), an oilfield services and technology company that has been a major laggard since its February peak of $48.85. Technically, it enters the week at a major inflection point.

BKR has formed an ascending triangle, which is nearing its breaking point. That point happens to be at its longer-term downtrend and its 200-day moving average, which makes for an interesting setup.

Downside risk could see shares fall back to their 50-day moving average and the rising short-term average that’s within this tradable formation. If BKR breaks below that level, all bets for this near-term rally are off. 

The upside risk favors the bulls. If BKR were to break out, this would confirm a new uptrend, with upside targets 15–20% higher than Friday’s close.

Final Thoughts

The setups we’re seeing in the Energy sector offer a favorable balance between risk and reward. Be mindful of the downside risks and place your stops in the event the position goes against you. Remember, energy markets can shift quickly, especially when geopolitical tensions are involved.



When you see headlines about geopolitical tensions and how the stock market sold off on the news, it can feel unsettling, especially when it comes to your hard-earned savings. But what you might not hear about in the news is what the charts are indicating.

Look at what happened in the stock market recently. On Friday, investors were bracing for a rocky start this week, expecting geopolitical tensions to shake up the stock market. That’s not what unfolded. After Friday’s +1% dip, the U.S. indexes bounced back, starting the week off on a positive note. It just goes to show how quickly things can shift, and often, not in the way we might anticipate.

A Closer Look at the S&P 500

The S&P 500 ($SPX) looks like it’s back on track and attempting to move toward its all-time high. Volatility has also retreated, and oil prices, which went as high as $77.62 a barrel, have pulled back to slightly above $71.

Think of it this way: if you took Friday’s price action out of the equation, the S&P 500 has been moving steadily by grinding out its narrow range sideways move. The uptrend in equities is still in play, despite the Middle East conflict.

The StockCharts Market Summary page shows that the S&P 500 and Nasdaq Composite ($COMPQ) are trading well above their 200-day simple moving averages (SMA), while the Dow Industrials ($INDU) is struggling to remain above the benchmark. Small-cap stocks continue to struggle, which suggests that growth leadership continues to be on investors’ radars. You can see this in the sector performance panel, which shows Technology in the lead.

Since tech stocks make up a significant portion of the S&P 500, let’s take a closer look at the daily chart.

FIGURE 1. DAILY CHART OF S&P 500. The week started off on a positive note despite Middle East tensions. Monitor trends, key levels, and momentum indicators.Chart source: StockCharts.com. For educational purposes.

As mentioned earlier, not much has happened in the S&P 500 despite Friday’s selloff. The overall uptrend is still in place. The index is trading above its 21-day exponential moving average. The S&P 500 is about 1.84% away from its all-time high.

However, even though the bias is slightly bullish, there are indications that the market’s momentum isn’t strong at the moment. Here’s why:

  • The Relative Strength Index (RSI) is faltering, indicating momentum isn’t quite there yet. Note the RSI is not moving higher with the index, meaning it’s diverging.
  • The Percentage Price Oscillator (PPO) has been relatively flat and sloping slightly downward since the end of May. This confirms the stalling momentum indicated by the RSI.
  • The 200-day SMA is above the 50-day SMA. The 50-day SMA needs to cross above the 200-day SMA to confirm the bullish bias.

What to Watch

Keeping the trend direction and momentum in mind, here are some levels to monitor on the chart.

  • Just below 6150: This area represents the S&P 500’s all-time high. If the index reaches this level, it will likely be met with resistance. A break above this level would elevate bullish sentiment and show upside momentum in the market.
  • Between 5950 and 6050: The S&P 500 has been moving within this range for most of the month. It almost seems as if it’s waiting for something to act as a catalyst to move it in either direction. When it happens, the RSI and PPO will indicate whether momentum is to the upside or downside.
  • The 5775 area: This level represents the March 24 to March 26 high and the May 12 and May 23 lows. A break below this level would not be bullish for the S&P 500. Note that the 200-day SMA is close to this level.

The Bottom Line

The stock market always has its ups and downs, and some days may feel more uncertain than others. However, by focusing on long-term trends and support or resistance levels based on past highs and lows, you can approach your investment decisions with a more objective mindset.

Instead of reacting to news headlines, consider adding the “lines in the sand” — key support and resistance levels, trendlines, price channels — to your charts. These can be added to daily, weekly, or monthly time frames. Monitoring the market’s action at these levels can offer valuable insights and better prepare you for whatever comes your way.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.


According to market intelligence firm Newzoo, global gaming revenue came in at US$177.9 billion in 2024, with mobile gaming accounting for more than half of that amount at US$97.6 billion.

The firm states that the mobile gaming market has reached maturity but still achieved higher growth than the console and PC segments, with revenue up by 2.8 percent globally last year. The regions driving that growth are North America and Europe, where markets rebounded due to big releases and diversified revenue streams.

Mobile games are typically accessed through three core operating systems: Apple’s (NASDAQ:AAPL) iOS, Microsoft’s (NASDAQ:MSFT) Windows and Alphabet’s (NASDAQ:GOOGL) Android. Notably, the iOS App Store generated nearly 37 percent of its revenue from mobile gaming apps in 2024, totaling US$3.83 billion. However, figures show that most mobile games on the market today are developed for Android, representing 75 percent of total mobile game downloads.

For investors interested in getting exposure to mobile gaming as the market gains momentum, here’s a look at the top 10 mobile gaming stocks by market cap. All data and figures were accurate as of June 2, 2025.

1. Roblox (NYSE:RBLX)

Market cap: US$60.97 billion

Roblox is the company behind the well-known game platform of the same name. First launched on PC in 2006, in recent years Roblox has become the most popular free-to-play online gaming platform, particularly amongst children and teenagers.

The company draws a majority of its revenues by selling virtual currency known as Robux for in-app purchases.

According to the company’s Q1 2025 report, Roblox garnered over 97.8 million daily active users in the first quarter of 2025, up 26 percent from the same period last year. The platform’s most popular games are role-playing games Brookhaven and Blox Fruits.

2. Take-Two Interactive Software (NASDAQ:TTWO)

Market cap: US$40.15 billion

New York-headquartered Take-Two Interactive Software is a holding company that owns several significant gaming labels that develop and publish video games for Xbox, PlayStation and Nintendo consoles as well as PCs and mobile devices. Some of Take-Two’s most popular game series are widely recognized around the world, including Grand Theft Auto (GTA), Red Dead Redemption and Borderlands.

The majority of Take-Two’s mobile games are published by Zynga, a developer of free-to-play games that Take-Two acquired in 2022 for US$12.7 billion. The publisher’s properties include 2009 hits FarmVille and Words with Friends.

Last year, Zynga’s highest grossing game according to Statista was Empires & Puzzles: Dragon Dawn with approximately US$147 million in revenue, and its most-downloaded title was CSR 2 Realistic Drag Racing.

While Rockstar is largely focused on console and PC games, several of its older games were ported to mobile, such as the classic GTA III, GTA San Andreas and GTA The Trilogy Definitive Edition.

3. Electronic Arts (NASDAQ:EA)

Market cap: US$36.6 billion

Electronic Arts (EA) is a leading gaming and esports company with video game offerings across many genres, from sports to action/adventure to role playing to family games. The California-headquartered company owns many well known series, including the Sims, Madden NFL, FIFA, Battlefield, Need for Speed, Dragon Age and Plants vs. Zombies.

EA has increased its focus on the mobile gaming segment in recent years, and in early 2024 announced it would focus on its fully owned mobile games portfolio instead of its licensed games with other brands. Leading up to that, the company merged its mobile and HD franchise teams across EA Sports FC, Madden NFL and The Sims.

In March 2025, EA announced a partnership with games marketing company Flexion, who will help EA publish its mobile games on the Amazon Appstore, Samsung Galaxy Store, Xiaomi’s GetApps and ONE Store.

4. Tencent Holdings (OTC Pink:TCEHY,HKEX:0700)

Market cap: US$25.78 billion

Tencent Holdings is a Chinese conglomerate with significant holdings through a wide array of sectors. Its large gaming segment built through acquisitions and investments has made it the world’s largest gaming company by revenue.

Tencent owns Riot Games, maker of the popular PC game League of Legends, a multiplayer online battle arena game with a monthly active player base of between 117 million to 135 million. The expanding League of Legends franchise also features three mobile games: Wild Rift, Team Fight Tactics and Legends of Runeterra.

The company also released PUBG Mobile based on the PC game PlayerUnknown’s Battlegrounds. The multiplayer battle royale game is available on Android and iOS.

Tencent is now focusing on building up its in-house AAA and console gaming business segment in order to better compete with western gaming companies.

5. Unity Software (NYSE:U)

Market cap: US$10.91 billion

San Francisco-based Unity Software develops the core software technology or building video games and interactive experiences. It offers developers a suite of tools for designing and launching 2D and 3D games as well as virtual and augmented reality applications. This includes the ability to create and host large-scale, multi-player games.

Two of the most popular mobile games built on the Unity Software engine are the online multiplayer social deduction game Among Us, developed by game studio Innersloth, and augmented-reality mobile game Pokémon Go, developed and published by Niantic in collaboration with Nintendo Co. (LSE:0K85,TSE:7974) and The Pokémon Company.

Although in its Q1 2025 financials, Unity saw its grow revenue and create revenue drop by 4 percent and 8 percent, respectively, year-over-year, its financial performance still included exceeding the high-end of its revenue guidance by 5 percent, and its adjusted EBITDA by 29 percent.

6. Playtika (NASDAQ:PLTK)

Market cap: US$1.79 billion

Headquartered in Israel, Playtika Holdings claims to be among the first mobile gaming entertainment companies to offer free-to-play social games on social networks and on mobile platforms. Today, Playtika has a diverse portfolio of game titles accessed by more than 29 million monthly active users last year.

Playtika has built its mobile entertainment platform through eleven strategic acquisitions totaling US$337 million aimed at increasing its breadth of entertainment genres and leveraging its Boost platform to enhance game operations. Playtika’s most recent acquisition was mobile gaming company SuperPlay, which it picked up for US$700 million in late 2024.

In its first quarter of 2025, the company reported a record quarterly revenue of more than US$700 million. This is up 8.4 percent over the same period in the previous year.

7. Corsair Gaming (NASDAQ:CRSR)

Market cap: US$951.33 million

Corsair Gaming is a global powerhouse in the development and manufacturer of high-performance gamer gear, including keyboards, mice, game controllers and headsets.

While the company primarily targets PC gamers, Corsair has moved into the mobile games market in recent years with the launch of its SCUF Nomad, a compact Bluetooth controller designed for competitive gamers with iPhones. The controller expands to fit the user’s phone in the center and work with any games that offer controller support.

8. Inspired Entertainment (NASDAQ:INSE)

Market cap: US$208.84 million

Inspired Entertainment is a gaming technology company that offers content, tech, hardware and services both offline and online gaming, betting and social gaming platforms. This includes digital games across more than 170 websites.

Last year, the company launched a number of online and mobile slot games, including Gold Cash Free Spins and Big Piggy Bank. In January 2025, Inspired announced the release of its online and mobile slot games into the regulated Brazilian market.

9. PLAYSTUDIOS (NASDAQ:MYPS)

Market cap: US$186.86 million

PLAYSTUDIOS develops free-to-play mobile games for its brand partners in the travel, leisure and entertainment sectors. Through its playAWARDS platform, mobile gamers can earn brand offerings as in-game rewards. The platform has a player network of more than 4.2 million gamers and 737 award partners, including brands such as Royal Caribbean International, MGM Grand and Cirque de Soleil.

The company will be offering its social casino games players an opportunity to win trips to the Atlantis Paradise Island resort in the Bahamas, and seats in the second annual US$1 million myVIP World Tournament of Slots, which will take place at the resort in October 2025.

PLAYSTUDIOS’ full year 2025 guidance for net revenue is US$250 million to US$270 million.

10. MotorSport Games (NASDAQ:MSGM)

Market cap: US$16.24 million

Florida-based Motorsport Games develops and publishes motorsport games, and organizes esports racing competitions and content.

It is officially licensed to develop and publish video games for the FIA World Endurance Championship and the 24 Hours of Le Mans. Motorsport Games’ rFactor 2 is an official racing simulation platform of Formula E, and it powers the F1 Arcade venue chain via a partnership with Kindred Concepts.

In April 2025, Motorsport announced a strategic investment of US$2.5 million led by virtual reality hardware company Pimax Innovation. The two companies plan to combine their offerings to create immersive VR racing sims.

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

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The Trump administration is fast tracking development of Dateline Resources’ (ASX:DTR,OTC Pink:DTREF) Colosseum rare earths project in California as part of its push to boost domestic critical minerals supply.

In a recent interview, Secretary of the Interior Doug Burgum highlighted the project as a priority under the government’s critical minerals strategy, stating that the US has ‘to get back in the game in a serious way around critical minerals.”

For his part, US President Donald Trump has called the project ‘America’s second rare earths mine.” He first announced Colosseum’s approval in an April 21 Truth Social post, listing it as a weekly achievement.

The Colosseum project sits in the Walker Lane Trend in East San Bernardino County, California, only 10 kilometers north of MP Materials’ (NYSE:MP) Mountain Pass mine, the only operating rare earths mine in the US.

Mountain Pass is also the highest-grade rare earths mine in the world.

According to Burgum, the endorsement from the government stems from the US’ push to restart domestic rare earths production and reduce dependence on other countries such as China.

Currently, China remains the biggest rare earths producer by far, producing 270,000 metric tons in 2024. That’s about 70 percent of the total production for the year, which was recorded at 390,000 metric tons.

The ongoing trade war has created tensions between the US and China, raising questions about supply chain security.

Some relief was seen last week — the BBC reported that China has agreed to supply US companies with magnets and rare earths as part of Trump’s deal with Xi Jinping, president of China. In return, the US said it will walk back its threats to revoke the visas of Chinese nationals at US colleges and universities.

Trump addressed the arrangement via a June 11 Truth Social update, stating that he has “always been good” with including Chinese students in colleges and universities.

Dateline has a green light to explore and extract rare earths from Colosseum, as well as gold.

“We have seen growing interest out of the US, particularly after recent milestones at Colosseum,” the Sydney Morning Herald quotes Dateline Managing Director Stephen Baghdadi as saying.

Dateline said in May that it had started the process to uplist to the OTCQB. Should the OTCQB listing go through, the company will still continue to meet its ASX disclosure requirements.

The same month, the company said it had begun preparations for a rare earths-focused drill program at Colosseum, and would complete it alongside a planned gold feasibility study for the site.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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