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Uranium prices are on the rise after President Donald Trump signed a series of executive orders aimed at revitalizing the US nuclear industry — including measures to strengthen the domestic fuel supply and expand the nuclear workforce.

On Tuesday (May 27), the U3O8 spot price climbed to US$72 per pound, its first move above the US$70 mark since early February.

The positivity and Trump’s promise to fast track mine permits has also benefited uranium companies with projects in the US.

One of those companies is Anfield Energy (TSXV:AEC,OTCQB:ANLDF), which reported receiving federal approval from the US Department of the Interior for its Velvet-Wood uranium and vanadium project in Utah on Tuesday. The approval marks the first uranium mine greenlit under Trump’s emergency declaration to revive the domestic nuclear fuel cycle.

According to the statement, the Bureau of Land Management completed the environmental review in just 14 days, a timeline officials say reflects a broader shift toward prioritizing critical mineral projects.

“This approval marks a turning point in how we secure America’s mineral future,” said Secretary of the Interior Doug Burgum. “We’re reducing dependence on foreign adversaries and ensuring our military, medical and energy sectors have the resources they need to thrive.”

Shares of Anfield surged to a year-to-date high of C$0.115 following the news, and have since settled in the C$0.10 range.

Rising tide raises all ships

Although the US president’s latest round of executive orders have catalyzed prices in recent days, the uranium sector’s long term fundamentals have also offered support.

The growing demand from artificial intelligence data centers, paired with a push for carbon free energy sources makes a strong case for the expansion of nuclear energy capacity. As such, the current developments have added tailwinds to several uranium and nuclear sector players up and down the supply chain.

Over the past five trading days, enCore Energy (TSXV:EU,NASDAQ:EU) shares have risen 33.33 percent, from C$2.18 on May 22 to C$2.92 on Wednesday (May 28). The company holds a portfolio of various stage uranium projects located in Texas, Colorado, Wyoming and South Dakota. Currently, the Alta Mesa and Rosita projects in Texas are operational.

Uranium Energy (NYSEAMERICAN:UEC) has also seen its share price increase, adding 31 percent over the same five day period, to trade for US$2.89. Boasting a portfolio of 10 US uranium assets in various stages of development from exploration to near term production, the company also owns and operates the Hobson ISR processing plant in Texas, which is operational.

Ur-Energy (TSX:URE,NYSEAMERICAN:URG), which owns the producing Lost Creek mine and the construction-stage Shirley Basin project in Wyoming, is another company experiencing heightened investor interest this past week.

Shares of Ur-Energy rose 26.53 percent over the five day session, and are currently valued at C$1.24.

Diversified players like Western Uranium and Vanadium (CSE:WUC,OTCQX:WSTRF) were also buy targets following the president’s energy directive. The company, which is focused on advancing its past-producing Sunday mine complex in Colorado, saw its shares increase 28 percent since May 21, trading for C$1.14.

ASX-listed companies were also garnering attention, Boss Energy (ASX:BOE,OTCQX:BQSSF) in particular, which holds a 30 percent stake in the producing Alta Messa uranium mine. The joint venture partner for enCore saw its share price value grow 14.27 percent in the last five days, to AU$4.13.

While these companies were first to see Trump’s executive orders boost their share prices, there are many other US-focused uranium companies with projects all over the country now awaiting pro-nuclear upticks.

All share price information was obtained from TradingView on May 28, 2025. Data on project status was retrieved from Mining Data Online.

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

This post appeared first on investingnews.com

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to announce the appointment of Jasmine Lau, CPA, as Chief Financial Officer (‘CFO’) of Group Eleven, replacing Jeannine Webb, effective May 30, 2025.

Jasmine is a Vancouver-based Chartered Professional Accountant with over 16 years’ experience in the resource sector, having served as the Chief Financial Officer for several mineral exploration companies. She is currently the CFO of Minaurum Gold Inc, Forte Minerals Corp., and Cascadia Minerals Ltd. Prior to that, Jasmine also served as CFO to a various number of other private and public mineral exploration companies.

‘On behalf of Group Eleven and its Board of Directors, I am very pleased to welcome Jasmine to the team,’ stated Bart Jaworski, CEO. ‘Jasmine’s appointment brings a wealth of relevant experience and skills to the Company. I would also like to sincerely thank Jeannine Webb for her valuable contributions and dedication to the Company over the past three years.’

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in Ireland. Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463

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

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253899

News Provided by Newsfile via QuoteMedia

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Former first lady Jill Biden should have to answer for her role in the ‘cover up’ of her husband and former President Joe Biden’s mental decline, according to White House Press Secretary Karoline Leavitt. 

Multiple books published in 2025 have detailed the deterioration of Biden’s mental faculties while in the White House, including in the book ‘Original Sin: President Biden’s Decline, Its Cover-up, and His Disastrous Choice to Run Again’ released May 20. 

‘The former first lady should certainly speak up about what she saw in regard to her husband and when she saw it and what she knew, because I think anybody looking again at the videos and photo evidence of Joe Biden with your own eyes and a little bit of common sense can see this was a clear cover up,’ Leavitt said. ‘And Joe, by, Jill Biden was certainly complicit in that cover up.’ 

‘There’s documentation, video evidence of her clearly shielding her husband away from the cameras that were just on ‘The View’ last week,’ Leavitt told reporters Thursday. ‘She was saying, ‘Everything is fine.’ She’s still lying to the American people. She still thinks the American public are so stupid that they’re going to believe her lies. And frankly, it’s insulting and she needs to answer for it.’ 

A spokesperson for Jill Biden did not immediately respond to a request for comment from Fox News Digital. 

‘Original Sin,’ authored by journalists Jake Tapper of CNN and Alex Thompson of Axios, includes stories about how former President Joe Biden struggled to handle fairly routine aspects of a campaign. 

For example, the book says his team attempted to film a campaign video for ads on television in a high school gym, and have people ask questions akin to a town hall meeting. 

‘The campaign was trying to make it look like the president was out there taking off-the-cuff questions from voters in public,’ the book said. ‘But the event was closed to reporters, and the campaign had the full list of questions that people would ask.’

Even so, former President Joe Biden encountered so much ‘trouble’ answering questions that his team decided to cut the footage. Some blamed the poor lighting in the gym, but the book said that others said the real problem remained with the former president. 

Meanwhile, Joe Biden’s team has pushed back on the material in ‘Original Sin,’ which chronicles the 2024 election cycle and how his team allegedly plotted a cover-up to hide just how severely his mental faculties had declined. 

‘There is nothing in this book that shows Joe Biden failed to do his job, as the authors have alleged, nor did they prove their allegation that there was a cover-up or conspiracy,’ a Biden spokesperson previously said in a statement to Fox News Digital. ‘Nowhere do they show that our national security was threatened or where the President wasn’t otherwise engaged in the important matters of the Presidency. In fact, Joe Biden was an effective President who led our country with empathy and skill.’

This post appeared first on FOX NEWS

A White House official confirmed to Fox News on Thursday that in addition to billionaire Elon Musk, multiple other staffers and special government employees from the Department of Government Efficiency (DOGE) are departing.

Musk has been heading DOGE since President Donald Trump took office in January. The department was tasked with cutting $2 trillion from the federal government’s budget through efforts to slash spending, government programs and federal workforce.

Musk announced his departure from DOGE late Wednesday.

‘As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending,’ Musk said on X. ‘The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.’

Along with Musk, advisor Steve Davis, advisor and spokesperson Katie Miller, and attorney James Burnham are leaving their posts within DOGE, a White House spokesperson confirmed to Fox News.

With Musk’s departure, White House press secretary Karoline Leavitt told reporters at a briefing Thursday that Trump and members of his Cabinet will now spearhead DOGE’s efforts.

‘The DOGE leaders are each and every member of the president’s cabinet and the president himself, who is wholeheartedly committed to cutting waste, fraud and abuse from our government,’ Leavitt said.

‘The entire Cabinet understands the need to cut government waste, fraud and abuse,’ she continued. ‘And each Cabinet secretary at their respective agencies is committed to that. That’s why they were working hand in hand with Elon Musk. And they’ll continue to work with their respective DOGE employees who have onboarded as political appointees at all of these agencies. 

‘So surely the mission of DOGE will continue, and many DOGE employees are now political appointees and employees of our government.’

While DOGE was tasked with cutting $2 trillion from the budget, its efforts led to roughly $175 billion in savings due to asset sales, contract cancellations, fraud payment cuts and other ways to eliminate costs, according to an update on DOGE’s website. 

The savings translate to about $1,087 in savings per taxpayer, the website notes.

A senior White House official told Fox News Digital previously that DOGE is now part of the ‘DNA’ of the federal government, and it will continue to operate as it had under Musk.

Fox News Digital’s Andrew Mark Murray and Diana Stancy contributed to this report.

This post appeared first on FOX NEWS

Elon Musk may no longer be the top dog at DOGE, but his reforms at the State Department will remain permanently in place, a senior agency official told Fox News Digital Thursday. 

As Musk’s 130-day mandate as a ‘special government employee’ comes to an end, the billionaire entrepreneur announced his departure from DOGE in a post on his social media platform X, formerly Twitter, Wednesday night.

During Musk’s time as the head of DOGE, he helped usher in big reforms at the State Department, which included an effective dismantlement of the U.S. Agency for International Development (USAID), staff reductions, and the cancellation of various foreign aid programs due to lack of oversight, inefficiency, and other reasons.

The indication that Musk’s DOGE-related work at the State Department will continue was reinforced by a new reorganization effort at the Department of State announced by Secretary Marco Rubio on Thursday. The new reorganization plans are expected to cut or consolidate more than 300 of the State Department’s offices and bureaus as part of a massive overhaul aimed at streamlining the department, according to agency officials. 

The agency currently has about 700 offices, meaning the reorganization effort will slash, or join, more than 40% of its offices.

‘We have too many godd— offices,’ a senior State Department official told Fox News Digital. ‘We’re trying to shrink offices rather than create them.’

The State Department submitted a notice to Congress Thursday disclosing plans for the reorganization overhaul, which senior State Department officials said will be the largest restructuring for the agency since the Cold War.  

White House Press Secretary Karoline Leavitt added Thursday that many DOGE employees will remain part of the Trump administration, despite Musk winding down his work. 

‘Surely the mission of Doge will continue,’ Leavitt told reporters Thursday. ‘Many Doge employees are now political employees.’

One of Musk’s DOGE associates, Jeremy Lewin, has recently been tapped for a top role within the State Department. In April, he was placed at State for a different role. For his part, Lewin, however, disputes that he ever did any direct work for Musk’s DOGE.

Fox News Digital’s Diana Stancy contributed to this report.

This post appeared first on FOX NEWS

Elon Musk is finishing his official role in the Trump administration, but if President Trump’s latest Truth Social post is any indication, the billionaire isn’t going far.

‘I am having a Press Conference tomorrow at 1:30 P.M. EST, with Elon Musk, at the Oval Office,’ Trump posted Thursday. ‘This will be his last day, but not really, because he will, always, be with us, helping all the way. Elon is terrific!’

Musk’s government service will end May 30, the legal 130-day limit for his ‘special government employee’ designation. He was appointed in January to head the Department of Government Efficiency (DOGE), created by executive order on Inauguration Day.

‘As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending,’ Musk posted on X Wednesday. ‘The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.’

White House press secretary Karoline Leavitt emphasized Thursday ‘the DOGE leaders are each and every member of the President’s Cabinet and the president himself, who is wholeheartedly committed to cutting waste, fraud and abuse from our government.’

And the cuts are adding up.

According to a May 26 update on DOGE’s website, the initiative has saved $175 billion through asset sales, contract cancellations, fraud payment crackdowns and other spending cuts. That translates to about $1,087 in savings per taxpayer.

DOGE’s reach has extended across the federal government, but not without pushback.

Democrats in Congress have sharply criticized Musk’s role. During a February House Oversight hearing, Rep. Melanie Stansbury, D-N.M., called his influence ‘reckless and illegal,’ accusing Trump of ‘outsourcing governing to a billionaire who answers to no one.’ 

Rep. Jasmine Crockett, D-Texas, warned Musk was acting as an ‘unelected official’ inside the executive branch.

Despite the criticism, markets are welcoming Musk’s return to the private sector. Bloomberg reported Tesla shares rose 4.2% this week on news of his government exit.

In an investor call earlier this month, Musk reassured shareholders, ‘Starting in June, I’ll be allocating far more time to Tesla and SpaceX now that the groundwork at DOGE is in place.’

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

Fox News Digital’s Diana Stacy and Andrew Mark Miller contributed to this report.

This post appeared first on FOX NEWS

President Donald Trump wrote a fiery, lengthy post on social media Thursday night in response to the intense legal battle surrounding his proposed tariffs.

On Thursday, the U.S. Court of Appeals for the Federal Circuit allowed Trump’s tariffs to temporarily remain in effect, just one day before the US. Court of International Trade on Wednesday ruled that Trump overstepped his authority over tariffs under the International Emergency Economic Powers Act (IEEPA).

On Truth Social, Trump wrote that the U.S. Court of International Trade ‘incredibly’ ruled against the ‘desperately needed’ tariffs, but the order was stayed by the federal court.

‘Where do these initial three Judges come from? How is it possible for them to have potentially done such damage to the United States of America?’ the Republican’s post read. ‘Is it purely a hatred of ‘TRUMP?’ What other reason could it be?’

Trump then took aim at Leonard Leo, a chairman on the Federalist Society’s board of directors. Trump said that he used the conservative legal organization to pick out judges when he was ‘new to Washington.’

‘It was suggested that I use The Federalist Society as a recommending source on Judges,’ Trump wrote. 

‘I did so, openly and freely, but then realized that they were under the thumb of a real ‘sleazebag’ named Leonard Leo, a bad person who, in his own way, probably hates America, and obviously has his own separate ambitions.’

Trump added that he was ‘so disappointed’ in the Federalist Society ‘because of the bad advice they gave me on numerous Judicial Nominations.’

‘This is something that cannot be forgotten!’ the Republican said. ‘With all of that being said, I am very proud of many of our picks, but very disappointed in others. They always must do what’s right for the Country!’

The president then rounded out his lengthy post by calling attention back to his pending tariffs, which he claimed would lead to a ‘rich, prosperous, and successful United States of America.’

‘The ruling by the U.S. Court of International Trade is so wrong, and so political!’ Trump said. ‘Hopefully, the Supreme Court will reverse this horrible, Country threatening decision, QUICKLY and DECISIVELY.’

‘The President of the United States must be allowed to protect America against those that are doing it Economic and Financial harm. Thank you for your attention to this matter!’

Fox News Digital’s Greg Wehner and Bill Mears contributed to this report.

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E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company looks to expand further into skincare.

The acquisition — E.l.f.’s biggest ever, according to FactSet — is comprised of $800 million in cash and stock, plus an additional potential $200 million payout based on Rhode’s performance over the next three years. The deal is expected to close in the second quarter of the company’s fiscal 2026 — or later this year.

“I’ve been in the consumer space 34 years, and I’ve been blown away by seeing this brand over time. In less than three years, they’ve gone from zero to $212 million in net sales, direct-to-consumer only, with only 10 products. I didn’t think that was possible,” CEO Tarang Amin told CNBC in an interview. “So that level of disruption definitely caught our attention.”

In a news release, Bieber said she’s excited to partner with E.l.f. to bring her brand to “more faces, places, and spaces.”

“From day one, my vision for rhode has been to make essential skin care and hybrid makeup you can use every day,” said Bieber. “Just three years into this journey, our partnership with e.l.f. Beauty marks an incredible opportunity to elevate and accelerate our ability to reach more of our community with even more innovative products and widen our distribution globally.”

Launched in 2022, Rhode has more than doubled its customer base over the past year and generated $212 million in revenue in the 12 months ended March 31. The company’s growth has primarily come through its website, but it plans to launch in Sephora stores throughout North America and the U.K. before the end of the year.

As part of the acquisition, Bieber will serve as Rhode’s chief creative officer and head of innovation, overseeing creative, product innovation and marketing. The brand was launched alongside two co-founders, Michael and Lauren Ratner, but it was Bieber’s influence and name that turned it into a billion-dollar brand.

Under her direction, Rhode last year became the No. 1 skincare brand in earned media value — or exposure through methods other than paid advertising — with 367% year-over-year growth.

Rhode is a solid match for E.l.f., which has seen growth skyrocket in recent years in large part to its digital prowess. The company has legions of online fans and is known for TikTok marketing that feels more natural to consumers.

The company is also looking to dig deeper into skincare, which has become more popular with all age groups, particularly E.l.f’s younger, core consumer. In 2023, it acquired skincare brand Naturium for $355 million. Its acquisition of Rhode will allow it to build on its skincare growth and reach a higher income consumer.

“E.l.f. cosmetics is about $6.50 in its core entry price point, Rhode, on average, is in the high 20s, so I’d say it does bring us a different consumer set to the company overall, but the same approach in terms of how we engage and entertain them,” said Amin.

E.l.f. made the announcement as it posted fiscal fourth quarter results, which beat Wall Street’s expectations on the top and bottom lines.

Here’s how the beauty retailer performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:

The company’s reported net income for the three-month period that ended March 31 was $28.3 million, or 49 cents per share, compared with $14.5 million, or 25 cents per share, a year earlier. Sales rose to $332.7 million, up about 4% from $321.1 million.

E.l.f.’s sales have increased rapidly in recent years, but investors have grown concerned as that growth started to slow and the threat of tariffs began weighing on its business. The company sources about 75% of its products from China, which currently faces a 30% duty on exports to the U.S. Last week, it announced plans to raise prices by $1 to offset higher costs from tariffs.

While U.S. duties on Chinese imports are 30% now, that could change as President Donald Trump negotiates with Beijing. As a result, E.l.f. said it isn’t providing a fiscal 2026 outlook “due to the wide range of potential outcomes related to tariffs.”

Amin said E.l.f. paid more than 145% in duties before Trump agreed to slash the levies on Chinese goods, but those costs didn’t come through during the quarter and will show up when the company reports its fiscal 2026 first-quarter earnings.

E.l.f. shares dropped more than 13% in extended trading Wednesday.

This post appeared first on NBC NEWS

Boeing’s airplane deliveries to China will resume next month after handovers were paused amid a trade war with the Trump administration, CEO Kelly Ortberg said Thursday, as he brushed off the impact of tit-for-tat tariffs with some of the United States’ largest trading partners this year.

Ortberg had said last month that China had paused deliveries.

“China has now indicated … they’re going to take deliveries,” Ortberg said. The first deliveries will be next month, he told a Bernstein conference on Thursday.

Boeing, a top U.S. exporter whose output of airplanes helps soften the U.S. trade deficit, has been paying tariffs on imported components from Italy and Japan for its wide-body Dreamliner planes, which are made in South Carolina, Ortberg said, adding that much of it can be recouped when the planes are exported again.

“The only duties that we would have to cover would be the duties for a delivery, say, to a U.S. airline,” he said.

Regarding the rapidly changing trade policies that have included several pauses and some exemptions, Ortberg said, “I personally don’t think these will be … permanent in the long term.”

He reiterated that Boeing plans to ramp up production this year of its best-selling 737 Max jet, which will require Federal Aviation Administration approval.

The FAA capped output of the workhorse planes at 38 a month last year after a door plug that wasn’t secured when it left Boeing’s factory blew out midair in the first minutes of an Alaska Airlines flight.

Ortberg said the company could produce 42 Max jets a month by midyear and assess moving up to 47 a month about half a year later.

The company’s long-delayed Max 7 and Max 10 variants, the largest and smallest planes in the narrow-body family, are scheduled to be certified by the end of the year, he said.

Many airline executives have applauded Ortberg’s leadership since he took the reins at Boeing last August, tasked with stemming years of losses and ending reputational and safety crises, including the impact of two fatal Max crashes.

CEOs have long complained about delivery delays from the company that left them short of planes during a post-pandemic travel boom.

“I do think Boeing has turned the corner,” United Airlines CEO Scott Kirby told CNBC’s “Squawk Box” earlier Thursday. He said supply chain problems are limiting deliveries of new planes overall.

“We over-ordered aircraft believing the supply chain would be challenged,” he said.

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Nvidia shares jumped on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks.

Shares of Nvidia were 6% higher after the company posted better-than-expected earnings and revenue on Wednesday, even as it took a hit from U.S. semiconductor export restrictions to China.

Nvidia has been seen by investors as a bellwether for the broader semiconductor industry and artificial intelligence-related stocks, with its latest strong numbers sparking a rally among global semiconductor names.

Nvidia’s earnings helped boost other chip names, with Taiwan Semiconductor, AMD and Qualcomm all up about 1%.

In Japan, Tokyo Electron closed more than 4% higher, while SK Hynix, which is a supplier of high bandwidth memory to Nvidia, was nearly 2% up at the close of markets in South Korea.

In Europe, ASM International, BE Semiconductor Industries and ASML were all in positive territory.

The semiconductor industry has faced a number of headwinds from uncertainty around tariff policy in the U.S. and chip export restrictions to China.

Companies such as ASML, which makes machines that are critical for manufacturing the most advanced chips, have seen billions wiped off their value as a result.

Nvidia on Wednesday said it wrote off $4.5 billion of H20 chip inventory that it couldn’t ship to China because of export curbs, saying it also calculated $2.5 billion of lost revenue as well.

The restrictions on China do not seem to be going away.

The U.S. has ordered a number of companies, including those producing chemicals and design software for semiconductors, to stop shipping goods to China without a license, according to a Reuters report on Thursday.

Despite this, Nvidia still managed to post financial results for the April quarter that beat market expectations, allaying fears that demand for its graphics processing units, which have become key for training huge AI models, is dwindling.

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