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August 25, 2025

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Mount Hope Mining Limited (ASX: “MHM” or the “Company”) is pleased to announce its maiden drill program has commenced at its 100%-owned Mt Hope Project in New South Wales (Figure 1).

Highlights:

  • Inaugural drill program comprises ~4,800m of Reverse Circulation (“RC”) and Air Core (“AC”) drilling across four priority targets.
  • Drill campaign includes high-confidence infill and extensional drilling at Mt Solitary, which boasts an Exploration Target range of 1.32 to 1.87Mt of 1.0 to 1.35 g/t Au for 42.5 to 81.4 Koz (Table 1).
  • The new Blue Heeler prospect, hosting coincident MLTEM conductors, is located approximately 200m west of historical drill hole GCS-1, which included a historical intercept of 31m @ 0.42% Zn, 0.26% Pb, 117 ppm Cu and 4.8 ppm Ag from 56m
  • The Mt Hope East and Black Hill prospects, hosting coincident geochemical and geophysical anomalies, have never been tested by drilling.
The inaugural drilling campaign will test four priority targets for a total of ~4,800m of Reverse Circulation (RC) and Air Core (AC) drilling, including the recently added Blue Heeler target (see ASX announcement, 15 July 2025 &22 August 2025).
Mount Hope Mining Managing Director & CEO Fergus Kiley commented:

“Mount Hope Mining is excited to commence its maiden drill program at the Mt Hope Project – a significant milestone in our journey towards unlocking the potential of the southern Cobar Basin.

“Each priority prospect represents a high conviction drill target, backed by high-quality geological science, and we look forward to exploring these areas further.

“We believe these four priority areas represent a good opportunity to create shareholder value via true greenfield exploration success or by delineating valuable ounces for future development.

“We look forward to keeping shareholders updated with strong news flow throughout the remainder of Q3 and into Q4 with the results from the exploration drilling, along with the metallurgical test work for Mt Solitary, and with our other early-stage exploration programs.”

Mt Solitary Exploration Target

Table 1: Mt Solitary Exploration Target2

The potential quantity and grade of the Exploration Target are conceptual in nature. As such, there has been insufficient exploration to estimate a Mineral Resource, and it is uncertain whether further exploration will result in a Mineral Resource. The Exploration Target has been prepared by the JORC Code 2012.

Maiden drilling campaign at the Mount Hope Project

The inaugural Mt Hope maiden drill program has commenced drilling, starting at the Mt Solitary prospect to convert the existing Gold Exploration Target (Table 1) to a JORC (2012) Mineral Resource Estimate (MRE).

The initial phase 1 RC program at Mt Solitary will consist of ~1,500m (Figure 2). The drill rig will then mobilise to test the greenfield polymetallic drill targets at Blue Heeler and Black Hill before finishing the program at Mt Hope East.

The Company has engaged ALS Laboratories in Orange, NSW, for analytical work. Samples from the maiden drilling campaign will be sent to Orange throughout the program, with sample preparation analysis to be completed at the same facility.

Click here for the full ASX Release

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Highlights:

  • All conditions in relation to the $20 million placement to Clean Elements Fund have been satisfied.
  • Due diligence undertaken by Clean Elements Fund validates the standing of Hombre Muerto West ( HMW ) as a world class lithium project, offering exceptional scale and grade.
  • Galan is now fully funded to complete the construction of Phase 1 at HMW (at 4ktpa LCE) with first production of lithium chloride concentrate planned during H1 2026.

Galan Lithium Limited (ASX: GLN,OTC:GLNLF) ( Galan or the Company ) is pleased to announce that all conditions relating to the $20 million share placement ( Placement ) to the Clean Elements Fund ( Clean Elements ) have now been completed.

The Placement, which was undertaken at a significant premium to the prevailing share price when originally announced, was subject to certain conditions including shareholder approvals (received at a General Meeting held on Friday, 22 August 2025 ) as well as the satisfactory completion by Clean Elements of technical and legal due diligence in respect of the Company and HMW in Argentina.

Clean Elements has advised that all conditions to the Placement have been satisfied. As such, the Placement will now proceed to settlement, providing Galan with the funding required for the finalisation of the HMW Phase 1 construction over the remainder of the 2025 calendar year, with first production of lithium chloride concentrate scheduled for H1 2026.

Settlement will take place in two equal tranches of $10 million .  Tranche 1 settlement will occur within the next 5 business days and Tranche 2 of the Placement will settle no later than 22 November 2025 , in line with the timing set out in the relevant shareholder approval.

Managing Director, Juan Pablo Vargas de la Vega , commented: ‘With the support of Clean Elements, Galan now has the funding certainty to complete Phase 1 construction at HMW and is firmly on track to deliver first lithium chloride concentrate production in H1 2026.

The due diligence undertaken by Clean Elements Fund has confirmed, what we at Galan already know – HMW is an exceptional lithium project, combining substantial scale and grade with execution capability that places it among the best globally.

The team at Galan remains focussed on advancing project delivery at HMW and we look forward to creating significant long-term value for shareholders as we progress towards production.’

Clean Element’s Chairman, Ofer Amir , commented: We are thrilled to confirm a binding and unconditional commitment to complete both tranches of the placement—an outcome that underscores strong confidence in Galan’s strategic direction.

Our specialist lithium brine adviser highlighted that HMW is the premier lithium brine resource globally. HMW’s brine is the highest grade in Argentina with the lowest impurity profile. It also contains significantly less magnesium and calcium than the levels found in the Salar de Atacama in Chile which, when combined with HMW’s high lithium grades, gives rise to the highest lithium recoveries in the lithium brine sector to date.

This exceptional resource quality enables a low-cost, evaporation process—positioning Galan to become a high-margin, globally competitive lithium producer. In our view, Galan will not just be participating in the lithium market; it will be setting a new benchmark.’

The Galan Board has authorised this release.

For further information contact:

COMPANY

MEDIA

Juan Pablo (‘JP’) Vargas de la Vega

Matt Worner

Managing Director

Vector Advisors

jp@galanlithium.com.au

mworner@vectoradvisors.au

+ 61 8 9214 2150

+61 429 522 924

View original content: https://www.prnewswire.com/news-releases/galan-lithium-limited-successful-due-diligence-completed—20m-placement-to-proceed-302537458.html

SOURCE Galan Lithium Limited

News Provided by PR Newswire via QuoteMedia

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When President Donald Trump returned to the White House in 2025, he faced the same formidable adversary that defined much of his first term: China. This time the stakes were even higher. The trade deficit with China had ballooned to roughly $300 billion, while IP protection, currency manipulation and predatory industrial and international development practices remained significant issues. And Beijing doubled down — weaponizing its control of rare earth minerals, tightening its grip on semiconductors and wielding economic coercion against U.S. allies from Australia to Lithuania. 

Against this backdrop, Trump 47 adopted a two-pronged approach. On offense, the administration has kept maximum pressure on Beijing, staying firm on negotiation positions and refusing to trade away leverage until real concessions emerge. On defense, it has wielded tariffs not only as bargaining chips but as engines of industrial revival — reshoring supply chains, rebuilding America’s manufacturing base and hardening strategic alliances to reduce dependence on China. 

These were not easy calls. Tariffs rattled markets. Pressure campaigns risked alienating partners. Yet the strategy has been to hold the line, play a long game and push forward until the U.S. secured fairer, reciprocal trade terms. In a world where semiconductors and rare earths are the new oil, this is about nothing less than U.S. national security. 

I have seen firsthand how high-stakes these negotiations can be. As I recount in my forthcoming book, ‘A Seat at the Table,’ Chinese officials have long relied on psychological tactics, slow-walking responses through layers of bureaucracy, handing us last-minute drafts in Chinese —  even removing chairs at negotiating tables. These are not trivial gestures. They are meant to unnerve, unsettle and push the U.S. team toward compromise. 

The Trump response was simple but powerful: don’t flinch. In Beijing, when presented with a Chinese draft that ignored our work, Secretary Steven Mnuchin waved it away and insisted the talks proceed on the American document. When a chair was removed to show disrespect, we calmly got it back—without ever conceding authority. 

That posture of confidence — staying the course under pressure — continues today in Trump 47. Tariffs are sharper, more targeted and higher than before; allied trade deals (Japan, South Korea, the EU) allow us to focus resources on China; and deadlines are extended when useful, but only on U.S. terms. 

Critics say tariffs raise consumer prices. In the short term, they can. But the broader truth is that tariffs are tools to rewire incentives, drive investment back home, and ensure the United States does not remain vulnerable in sectors critical to survival. Already, the tariffs of Trump 47 are accelerating investment in domestic chip foundries, battery plants and energy infrastructure. They are also forcing hard conversations with allies about aligning supply chains — from rare earth processing in Australia to semiconductor alliances with Japan and the Netherlands. 

When Beijing weaponized exports of gallium and graphite, vital for defense and electronics, Trump invoked the Defense Production Act and doubled down on Indo-Pacific partnerships. The message is clear: America will not be held hostage to coercion. Strategic autonomy requires resilience, even if it comes with short-term discomfort. 

How do you stay steady when the stakes are so high, when the pressure is relentless? Stand aside Hans Morgenthau. For me, the source I found was the timeless wisdom of ‘Kedushas Levi,’ an 18th-century Chassidic work by Rabbi Levi Yitzchok of Berditchev.  

The ‘Kedushas Levi’ teaches that challenges — no matter how overwhelming — are never insurmountable. ‘If you encounter an obstacle that is bigger than you, do not be fearful or frightened. With simple faith, what you fear will not harm you,’ it states. That teaching, echoing the Talmudic reality that the good Lord gives trials in proportion to a person’s strength, gave me composure when sprinting to translate a Chinese draft in a Beijing motorcade, or when facing off with officials determined to stall and delay. 

It also teaches that truth, even when inconvenient, carries divine weight. When Chinese officials resisted opening their financial markets, I pointed out the obvious but often ignored truth: Chinese banks in the U.S. had seen double- and triple-digit growth, while U.S. banks in China struggled for even single digits. That argument broke through where posturing could not.  

Negotiations with China will not be wrapped up overnight. But this is a contest of wills as much as economics. And here, the lessons of faith matter most. Facing giants, the Jewish tradition teaches, you do not shrink back. You lift your head high, stand on truth, and trust that what feels impossible can indeed be achieved. 

That is how we approached China in Trump 45. That is how we are approaching China in Trump 47. And that is how America, with faith and fortitude, can win. 

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Russian officials said Ukrainian drones ignited an overnight fire at a nuclear plant in Russia’s Kursk region.

The strikes coincided with Ukraine’s 34th Independence Day, marking its 1991 break from the Soviet Union.

Russia said the strikes hit several power facilities. The plant fire was quickly extinguished. A transformer was damaged, but radiation levels remained normal, and no injuries were reported.

The U.N. nuclear watchdog said it was aware of media reports of a transformer fire ‘due to military activity,’ but had not independently confirmed them.

Director General Rafael Mariano Grossi said ‘every nuclear facility must be protected at all times.’

A fire also broke out at the port of Ust-Luga in Russia’s Leningrad region, home to a major fuel export terminal.

The regional governor said about 10 Ukrainian drones were shot down in the area and that debris sparked the blaze.

Russia’s Defense Ministry said air defenses intercepted 95 Ukrainian drones over Russian territory Sunday.

Ukraine’s air force said Russia launched 72 drones and decoys and a cruise missile overnight; 48 drones were shot down or jammed.

President Volodymyr Zelenskyy spoke in a video from Kyiv’s Independence Square.

‘We are building a Ukraine that will have enough strength and power to live in security and peace,’ he said, calling for a ‘just peace.’

‘What our future will be is up to us alone,’ he said, while acknowledging the U.S.-Russia summit in Alaska earlier this month, which many worried would sideline Ukrainian interests.

‘And the world knows this. And the world respects this. It respects Ukraine. It perceives Ukraine as an equal,’ he said.

The Associated Press contributed to this report.

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President Donald Trump on Sunday blasted the Senate’s ‘blue slip’ tradition, calling it an unconstitutional affront to his appointment power and alleging that his rights have ‘been completely taken away from me in States that have just one Democrat United States Senator.’

The president is referring to his ability to nominate judges and U.S. Attorneys, accusing the custom of essentially giving Democrats veto power over his nominees.

U.S. Sen. Chuck Grassley is defending the century-old process, saying he views it as a norm worth preserving for balance and state input.

Blue slips are a long-standing tradition but are not a codified law, and constitutionally he is only allowed the power to nominate while the Senate ultimately approves or rejects that nomination.

Trump’s frustration with the Senate’s blue slip practice isn’t new. In July, Trump called the tradition a ‘hoax’ and a ‘scam’ used by Democrats to block his nominees and demanded that Grassley stop supporting them.

‘Put simply, the president of the United States will never be permitted to appoint the person of his choice because of an ancient, and probably unconstitutional, ‘CUSTOM,’’ his post said.

In his first term, Trump was able to appoint 234 federal judges, including three Supreme Court justices and 54 appellate court judges. However, this term he has only confirmed five in the first seven months.

Trump went on in his post to suggest he was willing to apply pressure and that Grassley shouldn’t acquiesce. 

‘The only candidates that I can get confirmed for these most important positions are, believe it or not, Democrats! Chuck Grassley should allow strong Republican candidates to ascend to these very vital and powerful roles, and tell the Democrats, as they often tell us, to go to HELL!’ he wrote.

Trump’s comments come after U.S. District Judge Matthew Brann recently ruled that Alina Habba had been unlawfully serving as acting U.S. attorney for New Jersey beyond the 120-day limit allowed for temporary prosecutors and that the administration had been using an unusual maneuver to keep her in the role.

Trump’s pressure campaign could shape how many judicial vacancies he can realistically fill in the months ahead.

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Jeffrey Epstein did not have the same level of impact in the Senate as the House, but the discourse pushed by many congressional Democrats, and some Republicans, is unlikely to go away when lawmakers return next week.

And the level of Epstein hysteria in Congress may have had an unlikely impact in derailing Republicans’ push in the upper chamber to ram through President Donald Trump’s nominees.

Senate Republicans tried and failed to strike a deal with Senate Democrats to push through dozens of non-controversial nominees, particularly picks that made it through committee with bipartisan support.

Only Secretary of State Marco Rubio, who glided through the Senate unanimously earlier this year, has not been met by Democrats’ blockade.

Rules changes are in the works, but the avenue of using recess appointments, which requires the Senate to adjourn and the House to come into session for the president to elevate his picks on a temporary basis, was all but shot down after House Speaker Mike Johnson, R-La., sent lawmakers home early to sidestep the simmering push to release documents related to Epstein’s case.

‘When the House had an opportunity to take votes on the Epstein files, Speaker Johnson skedaddled out of town, launching the Epstein recess,’ Senate Minority Leader Chuck Schumer, D-N.Y., said last month. ‘This is not complicated.’  

‘After promising full transparency for years, every single time Trump, his administration, Republican leaders have had a chance to be transparent about the Epstein files, they’ve chosen to hide. The evasions, the delays, the excuses, they’re not just odd, they’re alarming.’

Many Republicans in the upper chamber agree that there should be more transparency, but caution that no materials should be released until the names or identifying traits of victims are combed through and kept safe.

Others question why Democrats suddenly care about the Epstein situation.

Sen. Roger Marshall, who supported turning to recess appointments to break Democrats’ log jam, told Fox News Digital that it didn’t ‘make sense to me, and this is part of their psychosis, that they are so separated from reality,’ to keep pushing the Epstein issue.

‘They had four years to do something with this, and it was just quite the opposite,’ the Kansas Republican said. ‘As I recall, just quite the opposite. It was almost like they were hiding something.’

‘My frustration is how they used it to circumvent the agenda of the American people… this is all they’ve got,’ he continued. ‘What else do they have? They don’t have a leader, they don’t have an agenda. They don’t have solutions. All they know is, if it’s President Trump, they’re not going to like it, very matter of fact, they’re going to hate it at the sacrifice of the entire country.’

Meanwhile, Epstein engulfed Washington once again on Friday, with the House Oversight Committee receiving a trove of related documents and the interview between Epstein accomplice Ghislaine Maxwell and Deputy Attorney General Todd Blanche becoming public.

When asked about the files eventually coming to light, Trump told reporters that he was in support of keeping them ‘totally open,’ and charged that Democrats were using Epstein as a smokescreen to detract from his administration’s work.

‘The whole Epstein thing is a Democrat hoax,’ he said. ‘We had the greatest six months, seven months in the history of the presidency, and the Democrats don’t know what to do, so they keep bringing up that stuff.’

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France has summoned American ambassador Charles Kushner to Paris, after the diplomat accused the country of not doing enough to combat antisemitism in a letter to French President Emmanuel Macron.

France’s foreign ministry said in a statement issued Sunday that Kushner’s allegations ‘are unacceptable,’ and announced it had summoned the U.S. diplomat to appear Monday at the French Ministry for Europe and Foreign Affairs.

Kushner, who is Jewish, wrote in the letter that antisemitic incidents in France have been fueled by French government statements about recognizing a Palestinian state.

‘Public statements haranguing Israel and gestures toward recognition of a Palestinian state embolden extremists, fuel violence, and endanger Jewish life in France. In today’s world, anti-Zionism is antisemitism – plain and simple,’ Kushner wrote.

Kushner further urged Macron ‘to act decisively: enforce hate-crime laws without exception, ensure the safety of Jewish schools, synagogues and businesses … and abandon steps that give legitimacy to Hamas and its allies.’

The French foreign ministry said in its statement that ‘France firmly rejects these allegations’ from Kushner, adding that French authorities have ‘fully mobilized’ to combat a rise in antisemitic acts since Hamas launched a deadly attack on Israel on Oct. 7, 2023. The ministry further deemed antisemitic acts ‘intolerable.’

The ministry said Kushner’s allegations violate international law and the obligation not to interfere with the internal affairs of another country, adding that they ‘also fall short of the quality of the transatlantic partnership between France and the United States and of the trust that must prevail between allies.’

The U.S. State Department, however, said it backed Kushner and his comments, department spokesperson Tommy Pigott said Sunday evening.

‘Ambassador Kushner is our U.S. government representative in France and is doing a great job advancing our national interests in that role,’ Pigott said.

Macron has been critical of Israeli Prime Minister Benjamin Netanyahu as the war in Gaza continues, while President Donald Trump has been a staunch supporter of the Israeli leader.

Kushner, a real estate developer, is the father of Jared Kushner, who is married to Trump’s daughter Ivanka Trump.

At the end of his first presidential term, Trump pardoned Charles Kushner, who pleaded guilty years earlier to tax evasion and making illegal campaign donations.

The Associated Press contributed to this report.

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The Trump administration said Friday that it had taken a 10% stake in Intel, the president’s latest extraordinary move to exert federal government control over private business.

The United States will not seek direct representation on Intel’s board and pledged to vote with the current Board of Directors on matters requiring shareholder approval, ‘with limited exceptions,’ according to a joint release from the Trump administration and Intel. The move also comes as the United States vies with China in the race to dominate the artificial intelligence industry.

President Donald Trump announced the deal on his Truth Social platform Friday, praising the company’s CEO just two weeks after he called on the executive to resign over alleged China ties.

‘It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future,’ he wrote. ‘I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation.’

While the U.S. held temporary stakes in firms at the center of the 2008-2009 global financial meltdown as part of a bailout, this move is unusual since the economy is not embroiled in a crisis. Congress published a study in 2003 that examined the impact of the federal government taking direct stakes in public companies, concluding that doing so would “not offer a free lunch” and expose taxpayers to “greater risk” alongside the upside potential.

The stake will be paid for through $5.7 billion in grants previously awarded to Intel under the 2022 U.S. CHIPS and Science Act, plus $3.2 billion awarded to the company as part of a program called Secure Enclave. It’s a formerly classified initiative that Congress appropriated funds for in 2024 after lobbying by Intel, Politico reported in 2024.

Including $2.2 billion in CHIPs grants Intel has received so far, the total investment is $11.1 billion, or 9.9%. Intel is valued at about $108 billion on the stock market.

Trump continues to bulldoze through long-held norms regarding government and business, departing from the free-market ethos that has long prevailed in both major U.S. political parties.

This month, Trump persuaded the chipmakers Nvidia and AMD to pay the U.S. government 15% of their revenues from some sales to China in return for securing export licenses there.

While those firms have seen their fortunes rise amid the larger artificial intelligence boom, a windfall from any of them is no sure thing. In the case of California-based Intel, the company has struggled to keep up with rivals in recent years, with its shares down some 60% from the highs seen during the pandemic.

But amid the ongoing artificial intelligence arms race — and the goal of making computer chips a national security priority — Trump officials zeroed in on Intel as a means of leveling up U.S. control over semiconductor production.

Earlier this week, Japan’s SoftBank also announced it would invest $2 billion in Intel to “deepen their commitment to investing in advanced technology and semiconductor innovation in the United States.’

Some Democrats signaled they were on board with the move.

‘U.S. leadership is critical for both our economy and national security,’ U.S. Senator Mark Warner, D-Virginia, said in a statement Friday evening.

‘Taking an equity stake in Intel may or may not be the right approach, but one thing is clear: allowing cutting-edge chips to flow to China without restraint will erode the value of any investment we make here at home. We need a strategy that protects American innovation, strengthens our workforce, and keeps the technologies of the future firmly in American hands.’

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