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Albemarle (NYSE:ALB), one of the world’s largest lithium producers, is cutting costs and narrowing its capital investment plans as it adjusts to ongoing weakness in lithium prices, even as demand from electric vehicle and energy storage sectors holds up better than expected.

The Charlotte-based company reported a second-quarter profit of US$22.9 million, a significant turnaround from the US$188.2 million loss it posted a year ago.

While total revenue fell 7 percent to US$1.33 billion, the figure still came in ahead of Wall Street’s US$1.22 billion estimate, buoyed by stronger-than-expected results in its specialties division and disciplined cost management.

“Our job is just to keep working on the things that are in our control, because we don’t really have a clear line of sight to where pricing is going,” Chief Financial Officer Neal Sheorey told investors Thursday.

Sheorey said Albemarle has reached its US $400 million annualized cost-savings and productivity target, citing measures such as supply chain restructuring and improved operations at lithium conversion and mining sites.

The company now expects to spend between US$650 million and US$700 million in capital expenditures for the full year, narrowing its previous guidance of US$700 million to US$800 million.

With lower spending and continued operational execution, Albemarle said it expects to achieve positive free cash flow for 2025—so long as current lithium prices, which have hovered around US$9 per kilogram, persist.

Lithium prices down, but demand remains resilient

Lithium prices have come off their historic highs of 2021–2022, when a global EV boom and constrained supply sent costs soaring above US$70 per kilogram.

But that surge spurred rapid supply growth, and by late 2022, the market entered a surplus. Prices have since declined sharply and now sit near levels that are not considered economically viable for many new or greenfield projects.

Despite the pricing downturn, Sheorey emphasized that demand for lithium has not collapsed. During the company’s earnings call, he maintained that demand has held up better than expected this year, pointing to robust growth in China and Europe that is offsetting a more subdued US market.

“The outlook in North America is less certain, particularly in the United States due to the potential impact of tariffs and the removal of the 30D tax credit in September,” Sheorey said, adding that the US accounts for only about 10 percent of global electric vehicle sales.

In contrast, EV sales in China rose 41 percent year-to-date, including a 44 percent jump in battery electric vehicles spurred by recent subsidies, while Europe also showed double-digit growth.

Still, Sheorey cautioned that pricing remains under pressure. “We continue to expect the full-year EBITDA margin [for energy storage] to average in the mid-20 percent range assuming our $9 per kilogram price scenario,”

According to Albemarle’s internal analysis, the market could return to balance as early as next year if current price levels persist. “New project development has begun to slow, while demand continues to be robust,” the company said. It estimates that demand growth could outstrip supply growth by up to 10 percent per year between 2024 and 2030.

Much of the company’s current optimism stems from performance at its integrated production and processing facilities, particularly due to strong volumes from Albemarle’s Wodgina mine and the Salar yield improvement project.

With lithium demand expected to more than double by 2030, Albemarle is betting that its investments in operational excellence and global reach will pay off once the market stabilizes.

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

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(TheNewswire)

 

   

   
     

 

TORONTO, ON, August 1, 2025 TheNewswire – Silver Crown Royalties Inc. ( Cboe: SCRI,OTC:SLCRF; OTCQX: SLCRF; FRA: QS0) ( ‘Silver Crown’ ‘SCRi’ or the ‘Company’ ) announces that it has become aware that Gold Mountain Mining Corp. (‘ Gold Mountain ‘) and its two subsidiaries, Bayshore Minerals Incorporated and Elk Gold Mining Corporation (‘ Elk Gold ‘) have been placed under receivership proceedings.

 

  The Company holds the Elk Gold royalty pursuant to the royalty agreement with Elk Gold (the ‘   Elk Gold Royalty   ‘) (for more information see the Company’s continuous disclosure documents available under the Company’s profile on SEDAR+ available at sedarplus.ca). The Company is currently closely monitoring this situation and will update its shareholders and the market of any material developments.  

 

  Peter Bures, CEO of the Company, stated: ‘Silver Crown’s prudent approach to royalty agreements and diversification was designed to offer a buffer against these types of events. This strategy will allow us to maintain our forward momentum in terms of additional growth in revenues’.  

 

  ABOUT Silver Crown Royalties INC.  

 

  Founded by industry veterans, Silver Crown Royalties (   Cboe:   SCRI |   OTCQX:   SLCRF |   BF:   QS0   ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders.   For further information, please contact:  

 

  Silver Crown Royalties Inc.  

 

  Peter Bures, Chairman and CEO  

 

  Telephone: (416) 481-1744  

 

  Email:   pbures@silvercrownroyalties.com  

 

  FORWARD-LOOKING STATEMENTS  

 

  This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, SCRi anticipates that Elk Gold will pay this residual amount owing on or before March 31, 2025. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.  

 

  This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions   from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.  

 

  CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.  

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

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Here’s a quick recap of the crypto landscape for Wednesday (July 30) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$16,964, down by 0.5 percent over the last 24 hours. Its highest valuation on Wednesday was US$118,644, while its lowest valuation was US$116,079.

Bitcoin price performance, July 30, 2025.

Chart via TradingView.

Markets rallied briefly following the release of the White House’s crypto policy report, which calls for greater clarity from the US Securities and Exchange Commission, as well as new legislation to regulate digital assets.

A pullback came after the US Federal Reserve left interest rates unchanged and warned of slowing economic growth.

Ethereum (ETH) was priced at US$3,764.26, down by 0.1 percent over the past 24 hours. Its lowest valuation on Wednesday was US$3,708.13, and its highest was US$3,820.17.

Altcoin price update

  • Solana (SOL) was priced at US$176.09, down by 2.9 percent over 24 hours. Its lowest valuation on Wednesday was US$173.22, and its highest was US$179.83.
  • XRP was trading for US$3.10, down by 0.6 percent in the past 24 hours. Its lowest valuation of the day was US$3.04, and its highest valuation was US$3.15.
  • Sui (SUI) is trading at US$3.77, down 1.3 percent over the past 24 hours. Its lowest valuation of the day was US$3.66, and its highest was US$3.81.
  • Cardano (ADA) was trading at US$0.7600, down by 2.3 percent over 24 hours. Its lowest valuation on Wednesday was US$0.7414, and its highest was US$0.7759.

Today’s crypto news to know

Ethereum marks a decade since launch

Ethereum marked its 10th anniversary on Wednesday as corporate interest continues to grow.

The Ethereum network launched in 2015 and has since maintained uninterrupted uptime, becoming the backbone of the decentralized finance (DeFi) movement. In the lead up to the milestone, ETH approached US$4,000, driven in part by renewed institutional inflows and growing confidence in the asset’s long-term utility.

The Ethereum Foundation will commemorate the milestone by issuing celebratory non-fungible tokens and organizing more than 100 events globally. A live broadcast featuring Vitalik Buterin, Joseph Lubin and Tim Beiko will also be hosted to reflect on the network’s origins and future direction.

SEC greenlights in-kind ETP creations and redemptions

On Tuesday (July 29), the Securities and Exchange Commission (SEC) gave approval for in-kind creations and redemptions by authorized participants for crypto asset exchange-traded products (ETPs).

“It’s a new day at the SEC, and a key priority of my chairmanship is developing a fit-for-purpose regulatory framework for crypto asset markets,” said Chair Paul Atkins in the announcement.

“Investors will benefit from these approvals, as they will make these products less costly and more efficient.

“Today’s approvals continue to build a rational regulatory framework for crypto, leading to a deeper and more dynamic market, which will benefit all American investors. This decision aligns with the standard practices for similar ETPs.”

Authorized institutions can now directly exchange crypto assets like Bitcoin or Ethereum for shares of a crypto ETP, and vice versa, making these products more efficient and potentially cheaper to manage.

Lummis proposes bill to allow digital assets for mortgages

In a Tuesday notice, Wyoming Senator Cynthia Lummis introduced the 21st Century Mortgage Act, which could compel mortgage purchasers to consider digital assets in applications. Lummis said the legislation would initiate congressional action following a June order from the US Federal Housing Finance Agency mandating that US mortgage purchasers Fannie Mae and Freddie Mac “consider cryptocurrency as an asset for single-family loans.”

“This legislation embraces an innovative path to wealth-building, keeping in mind the growing number of young Americans who possess digital assets,” said Lummis.

A similar crypto mortgage proposal, the American Homeowner Crypto Modernization Act, was introduced by Republican Representative Nancy Mace on July 14. Mace’s proposed bill would mandate that mortgage lenders incorporate the value of a borrower’s digital assets held in cryptocurrency brokerage accounts into their mortgage credit evaluations.

The bill is one of three that the Senate may consider after a month-long recess, alongside a digital asset market structure bill and a bill aimed at barring the Federal Reserve from launching a central bank digital currency.

eToro expands 24/5 trading and tokenizes US stocks

eToro Group (NASDAQ: ETOR) announced plans to expand its current 24/5 trading for 100 popular US stocks and exchange-traded funds, meaning customers can now trade these assets five days a week, almost around the clock.

“We’re expanding a lot of the trading universe and trading hours on the eToro platform. Announced today, more 24-hour stock trading on the platform, as well as near 24/5 trading on exchange CME traded futures, a new type of futures product,” said co-founder and CEO Yoni Assia about the move on Tuesday. “That’s very exciting for our users worldwide. And very excited also about revamping tokenization in eToro, launching those 100 stocks that trade 24/5 on the eToro platform as tokenized assets, gradually available to people with the eToro crypto wallet.”

The company also launched tokenized versions of these same US stocks as ERC20 tokens on the Ethereum blockchain.

This will eventually enable true 24/7 trading and transfers, and is part of eToro’s strategy to tokenize all assets on their platform and integrate them into the broader decentralized finance world. The company is also rolling out spot-quoted futures with CME Group (NASDAQ:CME), a simpler futures product, currently in Europe, with plans for wider availability.

Trump working group calls for aggressive federal action on crypto markets

A White House-appointed working group on digital asset markets has released a sweeping set of recommendations to overhaul US crypto policy, according to a preview. The group, which was established under a January executive order from President Donald Trump, is urging Congress to pass the Digital Asset Market Clarity Act and calling on regulators to use existing powers to support immediate crypto market growth.

The report recommends that the Commodity Futures Trading Commission be granted broader oversight over spot markets for non-security tokens and that safe harbor provisions be used to accelerate product launches.

It also advises federal banking regulators to clarify permissible crypto-related bank activities and modernize capital rules to reflect token-based risks.The Trump administration said the proposals would help ensure US leadership in the “blockchain revolution” and usher in a “golden age of crypto.”

JPMorgan to let Chase customers buy crypto via Coinbase

JPMorgan Chase (NYSE:JPM) has announced a major partnership with Coinbase Global (NASDAQ:COIN) that will allow Chase credit card users to purchase cryptocurrencies directly from the exchange.

The service is expected to roll out in fall 2025, with full account-linking functionality available by 2026. Customers will also be able to redeem Chase credit card reward points for USDC, a stablecoin pegged to the US dollar.

The move marks a notable shift in the firm’s stance toward crypto, going from a cautious observer to an active participant in retail-focused blockchain infrastructure. With crypto’s total market cap recently crossing US$4 trillion, large banks are now racing to integrate digital asset capabilities into their core offerings.

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

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

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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN 
THE UNITED STATES

Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) announces that Denarius Metals Corp. has elected to terminate the binding Letter of Intent (the ‘LOI’) previously announced on May 7, 2025. The LOI contemplated the formation of a 50:50 joint venture to advance the formalization of artisanal mining at Quimbaya’s Tahami Project in the Segovia District of Colombia.

Quimbaya thanks Denarius for the time and consideration given to this opportunity. While the parties were unable to reach a definitive agreement, the Company appreciates the constructive dialogue and shared interest in advancing responsible development in one of Colombia’s most prolific gold regions.

Quimbaya retains 100% ownership of the Tahami Project, including the drill-ready Tahami South. The Company remains focused on executing its fully funded 2025-2026 exploration program, which includes a 4,000-meter drill campaign scheduled to commence at Tahami South soon.

In parallel, Quimbaya will continue to pursue alternative structures to support the formalization of artisanal mining in the region, aligning with its long-standing commitment to responsible mining, inclusive economic participation, and strong community engagement.

‘This is a strategically important district, and we remain confident in both the geological potential of Tahami and the strength of our position,’ said Alexandre P. Boivin, Chief Executive Officer. ‘Our exploration plans are on track, and we continue to evaluate opportunities that can responsibly advance the project and generate long-term value for all stakeholders.’

About Quimbaya
Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Contact Information

Alexandre P. Boivin, President and CEO apboivin@quimbayagold.com 

Sebastian Wahl, VP Corporate Development swahl@quimbayagold.com

Quimbaya Gold Inc.
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Cautionary Statements

Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discover and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change. 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261086

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On Thursday (July 31) Statistics Canada released gross domestic product figures for May. The data shows the Canadian economy shrank for the second month in a row, edging down by 0.1 percent.

The decline was headlined by decreases in the resource sector, which posted a 1 percent contraction, led by a 2.1 fall in the mining and quarrying subsector. Oil and gas extraction was also down, recording a drop of 0.8 percent, marking the first back-to-back months of negative growth for the subsector since April and May 2023.

However, the agency reported that advance figures for June show a reversal, with its data indicating a 0.1 percent growth during the month, and flat GDP for the second quarter. StatsCan will post its official figures on August 29.

The Bank of Canada held its rate meeting this week, opting to hold its interest rate steady at 2.75 percent, citing resilience in the economy despite the trade dispute with the United States.

The economic news comes against a backdrop of tariff threats from the United States. In July, the White House vowed to increase the tariff rate of non-CUSMA-compliant goods from Canada from the 25 percent imposed earlier in the year to 35 percent if a deal wasn’t negotiated by the August 1 deadline.

On Thursday evening, the night before the deadline, Donald Trump signed an executive order increasing levies on goods entering the US from Canada. While CUSMA-compliant goods are largely exempt, the new tariff rate will have a significant impact on Canada’s auto, steel and softwood lumber industries.

Canada is not alone, as new tariffs rates will be applied on imports from all countries that were part of his original April 2 announcement. Those countries that have successfully negotiated agreements will also pay tariffs, but at a lower rate. However, the US also announced that it won’t begin collecting tariffs on imports until August 7. The delay is intended to allow more time for completing negotiations and for US Customs to adjust to the new policy.

The United States also released a slew of economic news this week, with fresh GDP, inflation and jobs data.

The US Bureau of Economic Analysis (BEA) released its second-quarter advance GDP estimate on Wednesday (July 30). While it shows solid growth of 3 percent after a 0.5 decline in the first quarter, analysts suggest it may be masking underlying weakness in the overall economy.

Decreases in Q1 were mainly due to a rise in imports, which are deducted from GDP calculations, as companies stockpiled goods in anticipation of US tariffs taking effect. However, the second quarter’s increase was due to companies reducing imports and working through their pre-tariff stockpiles.

US GDP is up a modest 1.2 percent since the start of the year, well below the 2.5 percent growth rate in 2024.

On Thursday, the US BEA released its personal consumption expenditures index (PCE) data. The report shows that inflation surged to 2.6 percent in June on an annual basis, above analysts’ expectations of a 2.5 percent rise and up from May’s 2.4 percent. Less the volatile food and energy categories, PCE came in at 2.8 percent, matching numbers from the previous month.

How much tariffs played a role in that increase is uncertain, but the PCE is a critical factor for the Federal Reserve’s decision in setting its benchmark Federal Funds Rate.

The central bank board met for its July meeting on Tuesday (July 29) and Wednesday, and ultimately decided to continue to hold the rate at 4.25 to 4.5 percent. Although it noted there was less uncertainty compared to its last meeting, Powell noted that they were still unsure whether inflation due to tariffs would be a one-time increase or if it would have longer-term implications.

Finally, the US Bureau of Labor Statistics released July’s nonfarm payroll report on Friday (August 1), reporting that an estimated 73,000 jobs were added to the economy in July. While additional government and business reports resulted in significant downward revisions to the initial May and June job estimates, dropping May’s numbers from 144,000 to 19,000 added jobs and June’s from 147,000 to 14,000. The figures indicate a rapid slowdown in employment growth in the United States.

Outside of the pandemic, employment growth in the United States has recorded the slowest start to the year since 2010.

Following the report’s release, Trump fired Bureau of Labor Statistics Commissioner Erika McEntarfer, accusing her without evidence of manipulating job data to make him look worse. The decision has drawn wide-spread criticism and concern that government sources on economic data will no longer be trustworthy.

Markets and commodities react

In Canada, equity markets were negative this week as Canada was unable to secure a deal with the United States. Although it reached a new all-time high Wednesday, the S&P/TSX Composite Index (INDEXTSI:OSPTX) ultimately declined 1.3 percent over the week to close at 27,020.43 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell further, moving down 5.08 percent to 761.21. The CSE Composite Index (CSE:CSECOMP) was the lone gainer, rising 0.76 percent to 134.37.

US equity markets were broadly down on Friday on the new US tariffs and poor job data. The S&P 500 (INDEXSP:INX) fell 2.07 percent to 6,238.00, the Nasdaq 100 (INDEXNASDAQ:NDX) dropped 1.89 percent to 22,763.31 and the Dow Jones Industrial Average (INDEXDJX:.DJI) shed 2.61 percent to 43,588.57.

In precious metals, after falling mid-week, the gold price rebounded sharply on Friday, ultimately ending the week up 0.77 percent to US$3,362.94 by Friday at 4 p.m. EDT. Meanwhile, the silver price dropped dramatically during the week. While it also bounced Friday, it still fell 5.66 percent to US$37.01.

In base metals, copper prices plummeted 23.16 percent to US$4.48 per pound after President Trump announced refined copper exemptions to the 50 percent copper tariff earlier in the week. The S&P GSCI (INDEXSP:SPGSCI) was up mid-week but slumped on Friday, registering a 0.57 percent loss to finish the week at 545.59.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

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

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

1. Helius Minerals (TSXV:HHH)

Weekly gain: 72.94 percent
Market cap: C$48.93 million
Share price: C$1.47

Helius Minerals is a precious metals exploration company with a portfolio of assets in Nevada and Brazil.

The company has spent the first part of the year fundraising in support of the acquisition of Colossus Minerals and its 75 percent stake in the Serra Pelada gold-platinum-palladium project in the Para state of Brazil.

In 2009, Colossus reported significant assay results following its early exploration of the site, with one drill hole returning 8.04 grams per metric ton (g/t) gold, 154.5 g/t platinum and 245.8 g/t palladium.

The company had already completed most of the construction for the underground mine in 2013 when its dewatering measures at the site failed to prevent water ingress in the mine. Colossus was not able to finance the work necessary to fix the issues and became insolvent, putting the mine on care and maintenance.

In 2023, Colossus’ former geologist Christian Grainger was named Helius President and CEO.

On May 8, Helius reported that Colossus shareholders approved the sale of the company and its assets. Under the terms of the deal, Helius said it has a 12 month exclusivity period to conduct financing and also to develop a plan that is compliant with local mining laws and regulations. It also stated that it will need to address outstanding debts and a rehabilitation strategy for the site.

Shares gained this week, but the company has not issued further news.

2. Labrador Gold (TSXV:LAB)

Weekly gain: 58.82 percent
Market cap: C$20.4 million
Share price: C$0.13

Labrador Gold is an explorer focused on the advancement of its assets in Newfoundland and Labrador, and Ontario, Canada.

The company owns the Hopedale gold project in Eastern Labrador. The site hosts 998 claims and five licenses covering an area of 249 square kilometers in the Florence Lake greenstone belt.

In an announcement on February 8, the company reported high-grade gold from 2023 rock samples at the Fire Ant target, with grades of up to 106 g/t gold and 20.4 g/t silver. Additional rock and soil samples from other targets at Hopedale show grades of up to 0.28 percent nickel, 0.97 percent zinc and 3,493 parts per million copper.

Labrador also owns the Borden Lake project near Timmins, Ontario. Exploration at the site has been limited, mainly consisting of till samples and geophysical surveys to target areas for drill testing.

In a news release on February 19, Labrador said it was planning to conduct exploration work at both properties in 2025. On June 19 the company announced that it had mobilized to the Hopedale property and would focus on an area along the Thurber Gold trend at the northern portion of the site. It did not provide an update on exploration at the Borden Lake.

The company has not released news in the past week.

3. Torq Resources (TSXV:TORQ)

Weekly gain: 52.94 percent
Market cap: C$21.37 million
Share price: C$0.13

Torq Resources is an exploration company working to advance its Santa Cecilia gold and copper project in Chile.

Torq acquired the property through an option agreement in October 2021. The company can earn a 100 percent stake in the property if it makes a total of US$25 million before October 21, 2028, and exploration expenditures of US$15.5 million by October 21, 2025.

The deal will also see the original owner retain a 3 percent net smelter return, half of which can be purchased by Torq based on the fair value of the project.

The site covers an area of 3,250 hectares and lies adjacent to the Newmont (TSX:NGT,NYSE:NEM) and Barrick Mining (TSX:ABX,NYSE:B) owned Norte Abierto project, the fourth largest undeveloped gold project in the world.

In late 2024, Torq entered into a joint venture with Gold Fields (NYSE:GFI), in which Gold Fields can earn up to a 75 percent indirect interest in the project through a US$48 million investment over six years, with minimum annual spending of US$6 million.

On July 17, Torq completed the first drill program at the project under the joint venture, The work consisted of five holes covering 4,062 meters and was designed to test the undrilled Gemelos Norte target and to follow up on the Pircas Norte target discovered during the 2024 drill campaign.

Torq’s most recent announcement came on July 31, when it terminated its option to acquire the Margarita project in Chile due to financial constraints and a shift in focus to Santa Cecilia. It also said it would retain its 100 percent interest in the La Cototuda concession, which is surrounded by Margarita and which it believes would be necessary for any future development at Margarita.

4. Happy Creek (TSXV:HPY)

Weekly gain: 41.18 percent
Market cap: C$18.45 million
Share price: C$0.12

Happy Creek Minerals is an explorer focused on advancing a portfolio of assets in British Columbia, Canada.

Its primary focus has been on its Fox tungsten property located in the South Caribou region of the province. It comprises 135.9 square kilometers of mineral tenure and hosts deposits containing tungsten, molybdenum, zinc, indium, gold and silver. In total, 21,125 meters of exploration drilling have been carried out at the site.

The most recent news came on July 16 when Happy Creek announced a non-brokered private placement to raise gross proceeds of up to C$3.25 million in flow-through units at C$0.07 per share and non-flow-through units at C$0.05 per share. The following day, Happy Creek upsized the offering to C$3.75 million.

The company plans to use the gross proceeds for drilling, exploration and development at Fox, as well as other exploration work in the Caribou.

5. Star Copper (TSXV:STCU)

Weekly gain: 38.78 percent
Market cap: C$58.81 million
Share price: C$2.04

Star Copper is an exploration company with a portfolio of assets in British Columbia.

Its flagship Star project, located in BC’s Golden Triangle, consists of 19 mineral claims covering an area of 6,829 hectares of crown lands. The property hosts five high-priority targets, which have seen exploration dating back to 2013.

The most recent exploration update from Star came on Tuesday, when the company provided a summary of its ongoing drill program at the site and said it was halfway through a six-hole, 4,000 meter drill campaign designed to test mineralized zones laterally and at depth.

The company has also been advancing work at its Indata property, where it holds a 60 percent optioned interest. The site in northern BC consists of 16 mineral claims across 3,189 hectares and hosts mineralization of copper, gold and molybdenum.

In a July 10 news release, the company reported that soil grids that were deployed to test for gold and copper have also returned clusters of anomalous antimony that exceed 100 parts per million over 5 kilometers.

Additionally, the company announced on July 16 that it had entered into an agreement to acquire a 100 percent interest in the Copperline property in North-central BC. The project consists of eight mineral claims covering 4,502 hectares and exploration at the site has produced a highlighted assay of 2.54 percent copper, 50.4 g/t silver over 25 meters.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

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

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

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

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

How much does it cost to list on the TSXV?

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

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

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

How do you trade on the TSXV?

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

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

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Senate Republicans are still trying to hash out a deal with their Democratic counterparts to push through a package of President Donald Trump’s nominees as their scheduled departure from Washington has come and gone.

Republicans are under pressure from the White House, and their own members, to find a path forward, but Senate Democrats have largely dug their heels into the dirt in opposition in a bid to slow down the confirmation process. Lawmakers are still in town hammering toward a deal, while growing frustrations and weariness simmer in the upper chamber. 

Sen. Markwayne Mullin, R-Okla., appeared more upbeat about the state of affairs, despite rumblings that negotiations were faltering.

‘Democrats aren’t negotiating with us, we’re negotiating among ourselves,’ he told Fox News Digital. ‘I think we found, I think we may have found a landing spot.’

Underscoring negotiations with Senate Democrats are threats of rule changes to the confirmation process, which could speed things up but drive a partisan wedge even deeper between the aisles.

Trump had initially called on Senate Republicans to consider canceling their August recess to ram through as many of his nominees as possible. But late Thursday night, he took a more stern tone.

‘The Senate must stay in Session, taking no recess, until the entire Executive Calendar is CLEAR!!! We have to save our Country from the Lunatic Left,’ Trump said on his social media platform Truth Social. ‘Republicans, for the health and safety of the USA, DO YOUR JOB, and confirm All Nominees. They should NOT BE FORCED TO WAIT. Thank you for your attention to this matter!’

Senate Majority Leader John Thune, R-S.D., has been locked in negotiations with Senate Minority Leader Chuck Schumer, D-N.Y., throughout the week to hammer out a deal that would allow lawmakers to vote on a tranche of nominees quickly.

He told reporters Friday evening that he didn’t have a ‘report that adds any certainty to the question of schedule at the moment.’

‘It’s still in flux,’ he said.

Senate Republicans have moved at a rapid pace to add more and more nominees to the calendar, and so far have placed nearly 160 onto the schedule. Should a deal not be reached, and the GOP adheres to Trump’s demands, leaving Washington to return to their home states until early September may be out of the question.

While most Republicans are on board with trying to ram through Trump’s picks, the desire to leave Capitol Hill after a blistering seven-month stretch — where lawmakers have already confirmed over 120 of the president’s nominees — is palpable.

Sen. Jerry Moran, R-Kan., said that the idea that lawmakers would leave town in the next few days ‘seems to have disappeared.’

‘Grumpiness is here already, as you can hear from my tone, but we’re still here. We know the factor of weariness and other commitments outside of Washington, D.C., they work, but there is still a whole set of … nominations that need to be completed,’ he said.  

A bright spot for Republicans is that the resistance to advancing nominees and confirming them is not across the board among Senate Democrats.

Sen. Tim Kaine, D-Va., told Fox News Digital that he has plans for recess, but he’s ready to cancel those if need be.

‘My hope is that we’ll move a number of nominees through and get out fairly soon,’ he said. ‘But I’m not the one doing the negotiating.’

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Iran still has the capabilities to enrich uranium — despite U.S. and Israeli strikes — and could restart its nuclear program if it wanted to, Tehran’s foreign minister claimed. 

While the U.S. struck three key Iranian nuclear sites, Israel destroyed much of its air defenses, took out top military commanders and killed at least 13 nuclear scientists and more than 1,000 people, according to figures put out by Tehran. Israel claims it killed 30 senior security officials and 11 top nuclear scientists. 

‘Buildings can be rebuilt. Machines can be replaced, because the technology is there. We have plenty of scientists and technicians who used to work in our facilities,’ Foreign Minister Abbas Araghchi said in a recent interview with the Financial Times. 

‘But when and how we restart our enrichment depends on the circumstances.’

Washington maintains that it inflicted significant damage to Iran’s two main uranium enrichment sites, Fordow and Natanz, and fired missiles that rendered the Isfahan facility essentially inoperable, setting Iran’s nuclear program back ‘years.’ 

Now, the world is watching to see whether Iran and the West will be able to come to a deal that ensures Iran does not work towards a nuclear weapon in exchange for sanctions relief. 

Araghchi said the U.S. must offer funds to Iran to compensate for last month’s strikes in order to move forward with negotiations. 

‘They should explain why they attacked us in the middle of . . . negotiations, and they have to ensure that they are not going to repeat that [during future talks],’ Araghchi said. ‘They have to compensate [Iran for] the damage that they have done.’

Araghchi claimed the so-called 12-Day War ‘proved there is no military solution for Iran’s nuclear program.’

Araghchi also said the strikes had prompted calls from within the regime to weaponize Iran’s nuclear program but claimed Iran would continue to abide by a two-decade-old fatwa banning the production of nuclear weapons. 

‘Anti-negotiation feelings are very high,’ Araghchi said. ‘People are telling me, ‘Don’t waste your time anymore, don’t be cheated by them . . . if they come to negotiations it’s only a cover-up for their other intentions.’’

The minister repeated Iran’s insistence that it would not give up its ability to enrich uranium for civil purposes — a sticking point for Washington. ‘With zero enrichment, we don’t have a thing.’ 

The White House could not immediately be reached for comment on Araghchi’s remarks. 

Israeli officials have admitted that some of Iran’s stockpile of highly enriched uranium did survive the attacks.  

European powers have threatenaed to trigger ‘snapback’ United Nations sanctions against Iran if there isn’t a breakthrough in nuclear talks.

Any of the current members of the 2015 nuclear deal, Joint Comprehensive Plan of Action — France, the UK, Germany, China, and Russia –  can invoke the snapback mechanism if they determine Iran hasn’t held up its end of the deal. The U.S. can’t trigger the sanctions because it pulled out of the deal and enacted unilateral ‘maximum pressure’ sanctions under Trump’s first administration. 

The U.S. heaped more pressure onto Tehran this week with new sanctions on the nation’s oil network and military drone enterprise. 

European diplomats have been meeting with Iran to relay how it could avoid snapback sanctions, including resuming cooperation with the International Atomic Energy Agency (IAEA) to monitor its compliance with nuclear limits. 

Araghchi said Iran would stop negotiating with Europe if they were to trigger the sanctions. ‘If they do snap back, that means that this is the end of the road for them.’  

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Cambodia will nominate President Donald Trump for the Nobel Peace Prize after he helped the country reach a ceasefire agreement to end its border conflict with Thailand.

Sun Chanthol, Cambodia’s deputy prime minister, thanked Trump for bringing peace to the region while speaking to reporters earlier Friday in the country’s capital of Phnom Penh.

Chanthol said the American president deserved to be nominated for the Nobel Peace Prize, the highest-profile international award given to a person or organization for doing the most to ‘advance fellowship between nations.’

‘We acknowledge his great efforts for peace,’ Chanthol said.

Israeli Prime Minister Benjamin Netanyahu said last month he had nominated Trump for the Nobel Peace Prize and Pakistani officials said in June they would recommend him for the award for his role in helping to end its conflict with India.

Trump urged a ceasefire last week when he spoke to the leaders of Cambodia and Thailand and threatened that the U.S. would not get back to the ‘trading table’ with the Southeast Asian countries until the fighting stops.

A ceasefire was negotiated in Malaysia on Monday, ending the heaviest conflict between the two countries in over a decade.

‘Numerous people were killed and I was dealing with two countries that we get along with very well, very different countries from certain standpoints. They’ve been fighting for 500 years intermittently. And, we solved that war … we solved it through trade,’ Trump told reporters during his recent trip to Scotland.

 

Following news of the ceasefire, White House Press Secretary Karoline Leavitt wrote on X that Trump’s direct involvement led to the truce.

‘President Trump made this happen. Give him the Nobel Peace Prize!,’ she said.

The fighting began last week after a land mine explosion along the border wounded five Thai soldiers. Each side blamed the other for starting the clashes, which lasted five days.

At least 43 people were killed and more than 300,000 people were displaced on both sides of the border.

‘I said, ‘I don’t want to trade with anybody that’s killing each other,” Trump continued while in Scotland. ‘So we just got that one solved. And I’m going to call the two prime ministers who I got along with very, very well and speak to them right after this meeting and congratulate them. But it was an honor to be involved in that. That was going to be a very nasty war. Those wars have been very, very nasty.’

Chanthol, who also serves as Cambodia’s top trade negotiator, said his country was also grateful to Trump for a reduced tariff rate of 19%.

The Trump administration had initially threatened a tariff of 49% before later reducing it to 36%, a level that would have decimated Cambodia’s vital garment and footwear sector, Chanthol told Reuters.

Reuters contributed to this report.

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House Oversight Committee Chair James Comer, R-Ky., is investigating whether former President Joe Biden’s closest aides worked to conceal evidence of mental decline in the octogenarian Democrat during his White House term, and whether an autopen was used for executive decisions without his knowledge.

Biden himself asserted to the New York Times that he ‘made every decision’ regarding autopen pardons specifically, and his allies have dismissed the GOP-led probe as a partisan show.

Several ex-senior White House officials are due in the coming weeks, including former press secretary Karine Jean-Pierre and ex-White House chief of staff Jeff Zeints.

But Comer’s staff have also met with a number of people so far – some who have said very little, while others have given no information at all.

Below are the eight people who have sat down with House investigators so far:

Neera Tanden

Former White House staff secretary Neera Tanden appeared for a voluntary interview on June 24.

A source familiar with Tanden’s interview said she described having ‘minimal interaction’ with Biden during her sit-down with investigators.

Tanden also said she would submit requests for autopen signatures to members of Biden’s team, but was not aware of what actions or approvals occurred between the time she sent the memo and the time she received it back with the president’s approval, the source said.

Tanden’s lawyer told Fox News at the time that she ‘consistently followed a protocol’ that was used by both Republican and Democratic administrations in the past.

‘That same protocol existed in the Clinton and Obama administrations, which Ms. Tanden learned in discussions with previous staff secretaries from those administrations. She further understood and believed that the same process was followed in the Trump 1 and Bush administrations,’ the lawyer said.

Tanden had been tapped to lead the Office of Management and Budget (OMB) early in Biden’s term, but she withdrew after bipartisan pushback in the Senate.

Kevin O’Connor

Former White House physician Kevin O’Connor was the second ex-Biden administration official to appear when he came in on July 9, and the first to appear under subpoena.

Before serving as White House doctor, however, O’Connor was known to be a close associate of the Biden family for years. 

Investigators were hoping to learn whether O’Connor knowingly obscured signs of advanced aging or loss of mental acuity in Biden. He notably met with a Parkinson’s Disease expert at the White House at one point, according to the New York Times – though the revelations were downplayed by the White House at the time.

O’Connor’s lawyers had attempted to delay his scheduled deposition date over concerns that the scope of the committee’s investigation would violate doctor-patient confidentiality.

He ultimately did appear when Comer rejected his delay request, but O’Connor was in and out of the committee room in less than an hour after pleading the Fifth Amendment to all questions, save for his name.

Ashley Williams

Ashley Williams is a longtime Biden advisor who still works for the former president, according to her LinkedIn. She appeared for a voluntary transcribed interview on July 11.

The close Biden ally’s time with him goes back to assisting then-second lady Jill Biden during the Obama administration, according to a 2019 profile of Biden staffers.

She served as his trip director for the 2020 campaign before being hired to the White House as deputy director of Oval Office Operations and a special assistant to the president.

Williams repeatedly told committee staff during her sit-down that she did not ‘recall’ various things ‘an untold number of times,’ but that she believed Biden was fit to be president today, a source told Fox News Digital.

‘Examples include she could not recall if she spoke with President Biden in the last week, if teleprompters were used for Cabinet meetings, if there were discussions about President Biden using a wheelchair, if there were discussions about a cognitive test, if she discussed a mental or physical decline of President Biden, if she ever had to wake President Biden up and how she got involved with his 2020 campaign,’ the source said.

Anthony Bernal

Anthony Bernal, who was nicknamed Jill Biden’s ‘work husband’ for their close relationship, was the second person subpoenaed to appear. 

Like O’Connor, Bernal’s July 16 deposition lasted less than an hour after he pleaded the Fifth Amendment to investigators.

Bernal served as former Assistant to the President and Senior Advisor to the First Lady. He also still appears to work for the Bidens, according to LinkedIn, which says he works for Jill Biden specifically.

‘During his deposition today, Mr. Bernal pleaded the Fifth when asked if any unelected official or family members executed the duties of the President and if Joe Biden ever instructed him to lie about his health,’ Comer said in a statement after Bernal’s deposition.

Annie Tomasini

Former Special Assistant to the President and Deputy Director of Oval Office Operations Annie Tomasini had been scheduled to appear for a transcribed interview, before her counsel requested a subpoena from Comer shortly before her July 18 appearance.

Tomasini followed O’Connor and Bernal’s lead in pleading the Fifth Amendment, which people coming in voluntarily cannot do.

‘During her deposition today, Ms. Tomasini pleaded the Fifth when asked if Joe Biden, a member of his family, or anyone at the White House instructed her to lie regarding his health at any time,’ Comer said in a statement after her deposition.

‘She also pleaded the Fifth when asked if she ever advised President Biden on the handling of classified documents found in his garage, if President Biden or anyone in the White House instructed her to conceal or destroy classified material found at President Biden’s home or office, and if she ever conspired with anyone in the White House to hide information regarding the Biden family’s ‘business’ dealings.’

She first worked for Biden as a press secretary when he chaired the Senate Foreign Relations Committee as a U.S. senator from Delaware.

Ron Klain

Ron Klain served as Biden’s chief of staff for the first two years of his White House term and played a key role in preparing him for his disastrous 2024 presidential debate against former President Donald Trump.

Klain told investigators that he believed Biden’s memory got worse over time, but he still had the ability to govern, a source familiar with his interview told Fox News Digital.

The source said Klain also claimed to have heard concerns about Biden’s political viability from both former Secretary of State Hillary Clinton and Biden’s own national security advisor, Jake Sullivan, by 2024, though it’s not clear if those concerns are tied to his mental acuity nor that they spoke to Klain together.

A spokesperson for Sullivan vehemently denied the account.

Klain also told investigators that Biden appeared tired and ill before the 2024 debate, the source said.

In a letter requesting his appearance, Comer quoted Klain as cutting Biden’s debate prep short last year, ‘due to the president’s fatigue and lack of familiarity with the subject matter,’ adding that Biden ‘didn’t really understand what his argument was on inflation,’ citing a POLITICO report from earlier this year. 

Steve Ricchetti

Former counselor to the president Steve Ricchetti sat down with House investigators earlier this week on voluntary terms.

Unlike the vast majority of others before him, who did not acknowledge media gathered outside the committee room, Ricchetti told Fox News’ Chad Pergram that ‘of course’ Biden was up to the job of president.

Ricchetti’s interview was also the longest by far – running roughly eight hours on Wednesday.

A source familiar with Ricchetti’s sitdown described him as ‘combative and defensive’ during exchanges with House Oversight staff.

Ricchetti asserted he had personal relationships with Jill Biden and Hunter Biden in addition to the former president, the source said.

His own family had relationships with the Biden administration as well – three of his four children worked in the Treasury, State Department and in the White House.

The longtime Democratic operative and lobbyist was one of two longtime trusted aides reportedly with Biden in Rehoboth Beach, Delaware, when he drafted his bombshell letter announcing he was dropping out of the 2024 presidential race.

Mike Donilon

Former senior advisor to the president Mike Donilon is the latest member of Biden’s inner circle to appear before House investigators, sitting down with them voluntarily on Thursday for roughly five hours.

Donilon first began working for Biden in 1981 as a pollster when Biden was the junior U.S. senator from Delaware.

Alongside Ricchetti, he was one of two Biden aides who were present when he drafted his announcement dropping out of the 2024 presidential race.

Donilon told investigators he received $4 million to work for Biden’s 2024 re-election campaign and would have gotten $4 million more if Biden had won, a source told Fox News Digital.

He staunchly defended Biden during his interview, the source said, accusing Democrats of overreacting in the wake of Biden’s debate.

Donilon told investigators Biden is ‘a leader who was deeply engaged and in command on critical issues,’ according to his opening statement obtained by Fox News Digital.

‘Every president ages over the four years of a presidency and President Biden did as well, but he also continued to grow stronger and wiser as a leader as a result of being tested by some of the most difficult challenges any president has ever faced,’ Donilon said.

Fox News Digital’s Deirdre Heavey contributed to this report.

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The typical time that broadcast networks report on the advertising world is just before Super Bowl Sunday, to give viewers an advance peek at what companies will be shelling out millions to display. The clothing company American Eagle just scored a marketing coup with ad with White actress Sydney Sweeney making a sly joke about her ‘genes’ and her jeans. 

‘Genes are passed down from parents to offspring, often determining traits like hair color, personality, and even eye color,’ cooed the actress. ‘My jeans are blue.’ This quickly spurred outrage from purple-haired TikTokers and leftist websites complaining about ‘centering Whiteness’ and ‘fascist propaganda.’ 

On Tuesday, July 29, ABC’s ‘Good Morning America First Look’ was already employing the word ‘backlash.’ Anchor Rhiannon Ally began: ‘Time to check the pulse, we begin with the backlash over a new ad campaign featuring actress Sydney Sweeney.’ Co-anchor Andrew Dymburt added ‘in one ad, the blonde-haired, blue-eyed actress talks about genes as in DNA being passed down from her parents.’ 

Then Ally lowered the boom: ‘The play on words is being compared to Nazi propaganda with racial undertones.’ Robin Landa, a professor of advertising at Kean University in New Jersey, brought the leftist theme: ‘The pun ‘good genes’ activates a troubling historical association for this country. The American Eugenics Movement and its prime between 1900 and 1940 weaponized the idea of good genes just to justify White supremacism.’ 

In other interviews, Landa took the eugenics thing to its illogical conclusion, that one could suspect the American Eagle company was not just promoting ‘White genetic superiority,’ but a movement that ‘enabled the forced sterilization of marginalized groups.’ Most people just saw them selling their jeans as sexy. 

At least Dymburt suggested the backlash wasn’t economic: ‘Despite that backlash, American Eagle stock has been soaring.’ 

But was there any serious ‘backlash’ beyond the Left? TMZ.com cited anonymous sources inside American Eagle claiming ‘the ad campaign is creating tremendous buzz and their independent polling shows the vast majority of folks — around 70% — find the commercial appealing.’ 

On the CBS News streaming channel, business reporter Jo Ling Kent relayed ‘American Eagle’s new ad campaign, featuring actress Sydney Sweeney, is coming under fire for what was supposed to be a clever play on words.’ It couldn’t be ‘clever’? 

Did this company know and expect that purple-haired leftists would cry Nazi and that would lead to an avalanche of social-media impressions and debates? It’s hard to argue they stumbled into this, not knowing what a blonde, White actress using wordplay about ‘genes’ could cause. 

On NPR’s ‘Morning Edition’ on Wednesday, co-host Steve Inskeep discussed the Sweeney ads with Metaforce marketing guru Allen Adamson. Inskeep explained ‘There was some social media commentary. ‘Oh, there’s something racist about this.’ And I get that, I understand people raising that. But I think there’s also something real here — isn’t it? — in that advertisers do think about the race and ethnicity, the look of the people they choose to pitch their products to us.’ 

Adamson claimed: ‘For years, the tide was flowing in a different direction. There was a pressure on advertisers to diversify, to show people in ads that usually were not shown in ads because that was unusual. All the ads had a sort of ‘Leave It to Beaver’ old-fashioned look.’ 

The ‘Beaver’ line is overdoing it, but advertisers after the George Floyd riots absolutely worked hard to diversify the actors in their ads. It’s not offensively ‘woke’ to have minorities of all kinds selling you Eggo waffles or McDonald’s burgers. That’s all still too capitalist for the left-wingers. But having a White actress joke about race clearly grabbed attention. 

On the CBS News streaming channel, business reporter Jo Ling Kent relayed ‘American Eagle’s new ad campaign, featuring actress Sydney Sweeney, is coming under fire for what was supposed to be a clever play on words.’ It couldn’t be ‘clever’? 

The NPR anchor suggested Trump was part of the formula: ‘So if people were going for diversity in past years, are advertisers going for some other look now that the politics of the country are a little different?’ Adamson said yes, because ‘advertising needs to disrupt the norm.’ 

On Wednesday night’s ‘Late Show’ on CBS, Stephen Colbert actually hinted that the leftist backlash was a little strident. ‘Some people look at this and they’re seeing something sinister, saying that the genes-jeans denim wordplay in an ad featuring a White blond woman means American Eagle could be promoting eugenics, White supremacy and Nazi propaganda. That might be a bit of an overreaction — although Hitler did briefly model for Mein Kampfort Fit Jeans.’ Colbert added: ‘How do you say ‘badonk’ in German?’ 

The broadcast networks didn’t launch too heavily into this ad campaign, perhaps suspicious of being part of a sneaky advertising plot, as Brian Stelter tried to call it a ‘nontroversy.’ Sometimes, an ad for jeans is all about selling jeans. 

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