Greenvale Energy (GRV:AU) has announced High-Grade Uranium from drilling at Oasis
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The world’s mining industry may be spread across over 150 countries, but new data reveals that almost half of all large-scale mining and processing facilities are concentrated in just three: China, Australia and the US.
That’s according to the International Council on Mining and Metals’ (ICMM) Global Mining Dataset report. Released on Wednesday (September 3), it is a sweeping compilation of 15,188 mines and processing plants.
According to ICMM, 45 percent of all mines, smelters, refineries and steel plants are clustered in China, Australia and the US — an uneven distribution that has key implications for supply chains and the pace of the clean energy transition.
“ICMM’s foundational Dataset shows that over 75 percent of national economies have at least some connection to large-scale mining or mineral processing,” said Rohitesh Dhawan, ICMM’s president and CEO.
“Having a global view of the location, type, commodity and footprint of these facilities is essential to inform the right public and policy debates for this critical sector. With minerals and metals at the heart of the energy transition and geopolitical shifts, robust, global, industry-wide data has never been more critical,’ he added in a press release.
The dataset identifies 12,876 mines, 1,980 standalone processing facilities and 332 co-located sites where extraction and processing happen together. As mentioned, while operations stretch across more than 150 countries, ICMM’s analysis shows that China in particular dominates the processing stage of the supply chain.
ICMM records 426 metallurgical facilities in China — by far the most worldwide — compared with 120 in the US, 87 in India and 65 in Brazil. That asymmetry between mining and refining presents a challenge facing local supply chains.
While resource deposits are scattered globally, the industrial capacity to convert ores into usable metals is more centralized and heavily tilted toward China. Europe, for instance, suffers from this vulnerability. Despite having strong demand from its automotive, aerospace and electronics industries, the continent’s mining base has shrunk.
What’s more, the dataset shows a greater density of metallurgical facilities in Europe compared with mines.
This imbalance is not limited to Europe. Across the globe, many economies have significant mineral deposits, but lack the facilities to process them. This structural gap cements the dominance of China, which has invested heavily in refining capacity and controls much of the midstream in critical minerals supply chains.
Coal remains dominant
Although the dataset highlights the role of critical minerals in the energy transition, it also shows that coal remains the single most common mined commodity by number of facilities. Coal accounts for a whopping 42 percent of all mines, followed by gold at 17 percent, copper at 12 percent and iron ore at 9 percent.
The prevalence of coal mines contrasts with global climate goals, but also reflects the legacy infrastructure of energy systems and the uneven pace of transition. Overall, Asia hosts the largest number of coal, copper and iron ore mines, while North and Central America contain the highest number of gold mines.
Playing the long game
ICMM stresses that the release of the dataset is the first step in a multi-year effort to improve transparency and support evidence-based policymaking in the resource sector. Alongside the full dataset, which draws on proprietary sources, ICMM has published a public version covering 8,508 facilities.
Dhawan said the council hopes the data will “continue to expand and improve through partnerships,” while building on key sustainability indicators in the coming months. More crucially, industry observers have long criticized the scarcity of comprehensive, public data on the sector. Without standardized information, they argue, it is difficult to evaluate the social and environmental impacts of mining or even craft effective regulations.
ICMM believes its initiative, though still limited by licensing restrictions on some proprietary datasets, represents one of the most ambitious attempts to date to assemble a global picture of the industry. The council said it will work with partners to expand the dataset and incorporate indicators on sustainability performance.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Rare earth elements (REEs) are crucial for technologies like smartphone cameras and defense systems.
A select few from the group of 17 are also vital to clean energy transition industries such as electric vehicles (EVs) — neodymium and praseodymium are found in the permanent magnet synchronous motors used in EV drive trains.
The rare earths sector has been thrust back into the geopolitical spotlight as supply chains face mounting pressure from escalating US-China trade tensions and tightening global regulations.
In May 2024, the former US administration imposed a 25 percent tariff on Chinese rare earth magnets starting in 2026, marking the first time these components have been targeted under Section 301. The move hits sintered neodymium-iron-boron (NdFeB) magnets, vital for EVs and wind turbines, highlighting their strategic role in clean energy and defense.
Soon after, China’s State Council announced new rules effective October 1, 2024, tightening control over rare earth production and banning the export of extraction and magnet-making technology.
Since taking office in January 2025, US President Donald Trump has escalated the trade conflict, imposing cumulative tariffs of 54 percent on Chinese goods. Beijing responded by heightening export controls on seven strategic rare earth metals associated with global defense, renewable energy and the technology sectors.
China’s dominance remains a defining feature of the market: the country accounts for nearly 70 percent of mine output and more than 80 percent of refining capacity. That concentration has created persistent vulnerabilities, especially for medium and heavy rare earths like dysprosium and terbium, which are already in tight supply.
Analysts note that tariffs and export restrictions are setting the stage for a two-tiered market, where ex-China buyers face premiums while domestic Chinese buyers remain insulated.
Despite the volatility, demand fundamentals continue to trend upward. Permanent magnets are driving growth across EVs, clean energy and defense, and efforts to diversify supply are accelerating.
In the US, Washington has increased Department of Defense (DoD) funding and streamlined permitting to support domestic production, while in Europe, a law enacted in May 2024 aims to reduce Chinese reliance by boosting output of critical minerals by 2030.
These recent escalations could be a boon to rare earth minerals and rare earth magnet stocks operating in the space outside of China. Investors are watching closely to see which rare earth companies are best positioned to capture the opportunity.
US rare earths stocks
The US is striving to secure stable domestic supply of REEs outside China, a matter that has become even more pressing in 2025 due to the escalation of the US-China trade war and China’s new rare earth mineral export restrictions.
The nation has vast rare earths reserves and is the second largest global REE producer thanks to its sole operating rare earth mine, Mountain Pass. However, it currently lacks sufficient processing facilities.
American rare earths companies are working to address this imbalance, presenting investment opportunities for those looking to capitalize on the market’s growth potential. Learn more about MP Materials, Energy Fuels and NioCorp Developments, the three largest US rare earths stocks by market cap, below.
1. MP Materials (NYSE:MP)
Market cap: US$11.79 billion
Share price: US$66.60
MP Materials, the largest producer of rare earths in North America, focuses on high-purity separated neodymium and praseodymium (NdPr) oxide, heavy rare earths concentrate, lanthanum and cerium oxides and carbonates.
The company went public in mid-2020 after acquiring the Mountain Pass mine in California, the only operational US-based rare earths mine and processing facility. In Q3 2023, MP Materials began producing separated NdPr, marking a significant milestone.
In April 2024, MP Materials was awarded US$58.5 million under the Section 48C tax credit to build the US’s first fully integrated rare earth magnet plant.
Located in Fort Worth, Texas, the facility began making NdFeB magnets in January, with first deliveries due by year-end. MP Materials sources feedstock from its Mountain Pass mine, creating a fully integrated, closed-loop supply chain with integrated recycling.
In its Q2 2025 results, MP Materials reported an 84 percent year-over-year increase in revenue, which totaled US$57.4 million in Q2. Additionally, the company achieved record NdPr output of 597 metric tons (MT), while its rare earth oxide (REO) production reached 13,145 MT, marking its second-highest quarterly production ever and a 45 percent increase from last year.
In early July, MP penned a deal with the US DoD in which the government would purchase US$400 million worth of preferred stock in the company, making the DoD the company’s largest shareholder.
The funds are earmarked for the expansion of its processing capabilities at Mountain Pass and the construction of a second magnet manufacturing facility in the US.
MP also signed a US$500 million deal with Apple (NASDAQ:AAPL) to produce rare earth magnets in the US using only recycled materials. Starting in 2027, MP will supply magnets for hundreds of millions of Apple devices, including iPhones, iPads and MacBooks.
2. Energy Fuels (NYSEAMERICAN:UUUU,TSX:EFR)
Market cap: US$1.97 billion
Share price: US$8.53
Energy Fuels is a leading US uranium and rare earths company that operates key uranium production centers, including the White Mesa mill in Utah and the Nichols Ranch and Alta Mesa projects in Wyoming and Texas.
The company finished construction of Phase 1 REE separation infrastructure at White Mesa in early 2024, and in June reported successful commercial production of separated NdPr that meets the specifications required for REE-based alloy manufacturing. The Phase 1 REE separation circuit is now operating at full capacity.
Following its 2023 acquisition of the Bahia heavy mineral sands project in Brazil, Energy Fuels made multiple deals in 2024 with the aim of acquiring feedstock for White Mesa.
In early June of last year, Energy Fuels executed a joint venture that gives it the option to earn a 49 percent stake in Astron’s (ASX:ATR) Donald rare earths and mineral sands project in Victoria, Australia. Donald is expected to begin production as early as 2026, and will supply the White Mesa mill with 7,000 to 8,000 MT of monazite sand in rare earths concentrate annually in Phase 1.
In October 2024, Energy Fuels acquired Australian mineral sands company Base Resources, which owns the Toliara project in Madagascar.
As for 2025, in mid-March Energy Fuels inked a memorandum of understanding with South Korea-based POSCO Holdings (NYSE:PKX,KRX:005490) for the potential creation of a non-China REE supply chain for EVs and hybrid EV drivetrains for US, EU, Japanese and South Korean auto markets.
In June 2025, the Government of Victoria approved the work plan for the construction and operation of the Donald rare earth and mineral sand project. The site can now move into construction.
A month later, Energy Fuels achieved pilot-scale production of heavy rare earth oxides at its White Mesa mill and aims for commercial output by late 2026. Additionally, the company noted that it could source feedstock from the Donald project by the end of 2027.
In late August, Energy Fuels successfully produced its first kilogram of 99.9 percent pure dysprosium oxide at pilot scale from White Mesa. Using monazite sourced from Florida and Georgia, Energy Fuels now plans to produce 2 kilograms weekly.
“Multiple magnet manufacturers and OEMs have already expressed their strong interest in obtaining these samples to accelerate their validation processes,” the company said.
3. NioCorp Developments (NASDAQ:NB)
Market cap: US$291.32 million
Share price: US$4.01
NioCorp Developments is advancing its Elk Creek project in Nebraska, which features North America’s highest-grade niobium deposit under development, with significant scandium production capacity. The Elk Creek project is fully permitted for construction.
NioCorp is working to secure financing to move the project forward, and the US Export-Import Bank advanced its application for financing to its next stage of due diligence in February.
An updated 2022 feasibility study highlights an extended mine life, improved ore grades and enhanced economics for niobium, scandium and titanium.
In April 2024, NioCorp began exploring integrating permanent rare earth magnet recycling at its Elk Creek project to produce separated rare earth oxides which could then be used to produce new NdFeB magnets. It completed initial bench-scale tests in October.
2025 has been busy for NioCorp. It completed a US$45 million public offering in July, which, combined with an additional US$15 million, will be used to accelerate pre-construction activities at Elk Creek.
NioCorp also secured up to US$10 million from the US DoD under the Defense Production Act’s Title III program. The funding, tied to milestone achievements, is aimed at establishing the country’s first domestic scandium mine-to-manufacture supply chain.
The award is expected to bolster NioCorp’s efforts to secure up to US$800 million in debt financing from the US Export-Import Bank.
In an effort to bolster its Nebraska land position, NioCorp acquired three key land parcels associated with the Elk Creek project in early August. The adjacent parcels will house production operations and infrastructure.
NioCorp is currently awaiting the results from the Phase I drilling campaign completed in mid-August. The program aims to convert portions of the resource from the indicated and probable categories to measured and proven.
Canadian rare earths stocks
As part of Canada’s Critical Minerals Strategy, the government has allocated C$3.8 billion in federal funding for opportunities across the critical minerals value chain, from exploration to recycling.
REEs are among the minerals listed as critical.
Additionally, the government has designated C$7.5 million to support the establishment of a rare earths processing facility in Saskatoon, Saskatchewan. In mid-September 2024, the Saskatchewan Research Council (SRC) announced that the facility reached commercial-scale production, making it the first in North America to achieve this milestone.
The SRC plans to produce 400 MT annually once it is fully operational.
Learn about Aclara Resources, Mkango Resources and Ucore Rare Metals, the three largest Canada-listed rare earth stocks by market cap, below.
1. Aclara Resources (TSX:ARA)
Market cap: C$321.18 million
Share price: C$1.46
Aclara Resources is advancing its Penco Module project in Chile, characterized by ionic clays abundant in heavy rare earths, and its Carina Module project in Brazil.
Its objective at the Penco Module is to generate rare earths concentrate via an environmentally friendly extraction process. This approach aims to eliminate the need for a tailings facility, minimize water use and ensure the absence of radioactivity in the final product.
Aclara successfully concluded a semi-industrial pilot plant program for Penco Module in 2023, yielding 107 kilograms of wet high-purity heavy rare earths concentrate from 120 MT of ionic clays. Aclara and Vacuumschmelze penned a memorandum of understanding in early July 2024 to jointly pursue a ‘mine-to-magnets’ solution for ESG-compliant permanent magnets.
The company submitted a new environmental impact assessment (EIA) for the project in June 2024, and it moved to the next stage in August.
In May 2025, Aclara received the second round of technical observations (Second ICSARA) from the Environmental Service Assessment Authority, including 205 questions regarding technical aspects of the EIA. The company plans to submit its response during Q3 2025.
Aclara is also advancing its Carina Module project in Brazil, which it discovered in 2023. In December of that year, Aclara disclosed an initial inferred resource for the project, saying it encompasses approximately 168 million MT grading 1,510 parts per million TREO and 477 parts per million desorbable rare earth oxides.
In August 2024, Aclara released an updated preliminary economic assessment for Carina Module featuring initial capital costs of US$593 million and sustaining capital costs of US$86 million. Later in the month, the company signed a memorandum of understanding (MoU) with the State of Goiás and Nova Roma to expedite the Carina Module project.
In late May 2025, Aclara submitted its EIA for the Carina Module, and anticipates its approval during Q4 2025. The company also reiterated its expectations to produce an average of 191 MT of dysprosium and terbium annually. As well as yearly output targets of 1,350 MT of neodymium and praseodymium.
On the innovation side, Aclara is deepening its tech-driven approach to rare earths through a long-term letter of intent (LOI) with Stanford’s Mineral-X initiative to leverage AI, data science and decision modeling to build a more resilient heavy rare earth supply chain.
Meanwhile, an MoU with Virginia Tech covers operation of Aclara’s pilot plant showcasing its solvent-extraction technology for producing high-purity rare earth elements.
2. Mkango Resources (TSXV:MKA)
Market cap: C$262.87 million
Share price: C$0.79
Mkango Resources is advancing as a producer of recycled rare earth magnets, alloys, and oxides, through its 79.4 percent stake in Maginito with partner CoTec Holdings (TSXV:CTH,OTCQB:CTHCF).
Mkango’s assets include Malawi’s Songwe Hill project, targeting neodymium, praseodymium, dysprosium, and terbium, and the Pulawy rare earths separation project in Poland, alongside a broader exploration portfolio in Malawi.
In July 2024, Mkango and the Malawian government signed a mining development agreement for the Songwe rare earths project, granting Malawi a 10 percent stake and customs and excise exemptions. Through Maginito, Mkango also owns HyProMag, which licenses the Hydrogen Processing of Magnet Scrap (HPMS) process to recycle rare earth magnets from scrap.
A pilot plant using a long-loop recycling process underpinned by the HPMS process was commissioned in July 2024. Additionally, Maginito is expanding HyProMag’s recycling technology to the US through the joint venture HyProMag USA, with a positive feasibility study completed in November 2024.
While the feasibility study was based on two HPMS vessels, HyProMag announced in March 2025 that conceptual studies are underway to expand the capacity to three vessels and the addition of ‘long-loop chemical processing’ to complement the HPMS short-loop recycling process.
In an August 2024 update for investors, Mkango reported that HyProMag will receive 350,125 euros to develop its eco-friendly NeoLeach technology, which will further upgrade metals recovered with HPMS. The funding, part of the 8 million euro GREENE project, aims to improve the resource efficiency and performance of rare earth permanent magnets.
Mkango completed a C$4.11 million private placement in early February 2025 to help fund the advancement of its rare earth magnet recycling projects in the UK and Germany. The next month, the company provided an update on the construction of its UK magnet recycling and manufacturing facility, which is on track to begin initial commercial production by the end of Q2 2025.
In late March, the European Commission designated Mkango’s Pulawy project in Poland as a strategic project under the Critical Raw Materials Act.
In June, HyProMag USA received a “Make More in America” LOI from the US Export-Import Bank. The letter signals potential financing of up to US$92 million for the company’s first integrated rare earth recycling and magnet manufacturing facility in Dallas-Fort Worth, with a 10 year repayment term.
Later in the month, Mkango updated on its advanced pilot program and the scale-up of HPMS technology, aiming to produce domestically sourced, short-loop recycled rare earth magnets with a minimal carbon footprint in the UK and Germany in 2025, and the US in 2027. The company commenced initial production runs on its commercial-scale HPMS vessel at Tyseley Energy Park in Birmingham in early July.
On July 3, Mkango signed a definitive merger deal with Crown PropTech Acquisitions that would see several of Mkango’s subsidiaries, including Lancaster Exploration, combine with Crown to form Mkango Rare Earths. The combined company will be a vertically integrated rare earth firm that owns the Songwe Hill and Pulawy projects, and its shares are expected to trade on Nasdaq.
In the US, Intelligent Lifecycle Solutions started stockpiling feedstock under its supply and pre-processing agreement with HyProMag USA in late August. Pre-processing is slated to start before year-end 2025 at ILS facilities in South Carolina and Nevada.
3. Ucore Rare Metals (TSXV:UCU)
Market cap: C$231.44 million
Share price: C$2.60
Ucore Rare Metals is focused on the exploration and separation of rare earth elements in Canada and the US.
The company owns the Bokan-Dotson Ridge rare earth project in Alaska and is developing a strategic metals complex for processing heavy and light rare earth elements in Louisiana, US. Ucore acquired an 80,800 square foot brownfields facility in Alexandria, Louisiana, for developing its first commercial REE processing facility in January 2024.
In Canada, Ucore’s Ontario-based RapidSX demonstration plant, operated by Kingston Process Metallurgy, was commissioned to evaluate the techno-economic advantages, scalability and commercial viability of the RapidSX technology platform for separating and producing REEs like praseodymium, neodymium, terbium and dysprosium. This initiative was supported by a US$4 million award from the US DoD granted to Ucore’s subsidiary, Innovation Metals.
Last year, Ucore entered and advanced partnerships with several companies. In April, Ucore tested mixed rare earths carbonate from Defense Metals’ (TSXV:DEFN,OTCQB:DFMTF) Wicheeda project and confirmed it was suitable for commercial-scale processing at Ucore’s planned facilities. A few months later, Ucore executed a non-binding MoU with Cyclic Materials to qualify Cyclic’s recycled rare earth oxide product in Ucore’s process.
In August 2024, Ucore and Meteoric Resources (ASX:MEI) signed an MoU for Meteoric to supply 3,000 MT of TREO from its Caldeira project in Brazil to Ucore’s Louisiana strategic metals complex, and Ucore established a similar deal with Australia’s ABx Group (ASX:ABX) in early September under which ABx would supply Ucore with mixed rare earth carbonates from its Deep Leads ionic adsorption clay rare earths resource in Northern Tasmania.
At the start of 2025, Ucore was awarded C$500,000 via its partnership with Ontario’s Critical Minerals Innovation Fund to help finance the advancement of the company’s Canadian RapidSX commercial demonstration facility.
As for its Louisiana facility, the company received an US$18.4 million investment from the US DoD in May, its largest funding commitment to date. The funding will support construction of Ucore’s first commercial-scale RapidSX refining machine in Louisiana.
In late August, Ucore entered a non-binding LOI with Critical Metals (NASDAQ:CRML) for a 10 year offtake of heavy rare earth feedstock from Critical’s Tanbreez project in Greenland that will supply its Louisiana facility, with smaller volumes first processed at its demo facility in Ontario.
Australian rare earths stocks
Australia ranks among the globe’s top rare earths producers and possesses the fourth largest rare earths reserves. The nation is notable for hosting the largest supplier of rare earths outside of China.
Learn more about Lynas Rare Earths, Iluka Resources and Arafura Resources, the three largest ASX-listed rare earths stocks focused stocks by market cap.
1. Lynas Rare Earths (ASX:LYC)
Market cap: AU$13.08 billion
Share price: AU$14.61
Well-known ASX-listed rare earths stock Lynas Rare Earths is the leading separated rare earths producer outside of China, with operations in Australia and Malaysia.
In Western Australia, Lynas operates the Mount Weld mine and concentrator and is ramping up processing at its Kalgoorlie rare earths processing facility.
Lynas secured AU$20 million from Australia’s Modern Manufacturing Initiative in mid-2023 to advance its apatite leach circuit at the Kalgoorlie plant. By December, the facility hit its first production milestone, marking the shift from commissioning to full-scale operations. Lynas’ new large-scale downstream Kalgoorlie rare earths processing facility came online in November 2024.
In August 2024, the firm reported a 92 percent increase in mineral resources and a 63 percent rise in ore reserves at Mount Weld. Resources grew to 106.6 million MT at 4.12 percent TREO, while reserves increased to 32 million MT at 6.44 percent TREO, including added tailings. The updated estimates boost contained heavy rare earths and support a mine life exceeding 20 years at higher production rates.
Lynas also processes mined material at its separation facility in Malaysia. After commissioning the new heavy rare earth separation circuit earlier in the year, the site achieved first production of dysprosium oxide in May 2025.
Later in the month, Lynas penned a non-binding memorandum of understanding with Menteri Besar, the Kelantan state investment arm in Malaysia, to supply mixed rare earth carbonate (MREC). Subsequently, the Malaysian facility reported the first production of terbium oxide.
According to Lynas, the Malaysian milestones mark the first commercial production of separated dysprosium and terbium oxides outside China in decades.
During its June fiscal quarter, the company also signed an MoU with Korea’s JS Link to develop a magnet plant in Malaysia and advanced key expansion projects at Mt Weld and Kalgoorlie.
On August 27, Lynas released its 2025 annual results and its new long-term strategy named Towards 2030. The company produced 10,462 metric tons of rare earth oxides, including 6,558 metric tons of NdPr, in its fiscal 2025.
While it had previously been working with the US DoD to establish a rare earth processing facility in Texas, Lynas shared that it is now uncertain if the facility will be built, in part due to permitting issues with the site. It is negotiating an offtake with the DoD for production from its current operations instead.
2. Iluka Resources (ASX:ILU)
Market cap: AU$2.71 billion
Share price: AU$6.34
Iluka Resources is advancing its Eneabba rare earths refinery in Western Australia with backing from the Australian government, which aims to bolster the country’s footprint in the global rare earths market. The company also owns zircon operations in Australia, including Jacinth-Ambrosia, the world’s largest zircon mine.
Additionally, Iluka is progressing its Wimmera project in Victoria, focusing on mining and beneficiation of fine-grained heavy mineral sands in the Murray Basin. This project aims to supply zircon and rare earths over the long term. A definitive feasibility study for Wimmera is scheduled for completion by the end of 2025.
Iluka secured an AU$1.25 billion non-recourse loan for Eneabba under the AU$2 billion Critical Minerals Facility administered by Export Finance Australia, and the Australian government agreed to an additional AU$400 million in funding in December 2024.
This funding will support the development of Eneabba as Australia’s first fully integrated refinery capable of producing both light and heavy separated rare earth oxides. The facility will process material from Iluka’s own feedstocks and third-party suppliers, with commissioning expected in 2027.
In early August 2025, Iluka signed a 15 year deal with Lindian Resources (ASX:LIN) for the annual supply of 6,000 MT of rare earth concentrate from Lindian’s Kangankunde project in Malawi. The feedstock will be processed at Eneabba, accounting for about 10 percent of the refinery’s capacity.
Also in August, Iluka released its half year results, which were impacted by global economic uncertainty and a subdued mineral sands market, according to the company. The data noted a 8 percent year-over-year revenue decline to AU$558 million in the mineral sands segment.
3. Arafura Resources (ASX:ARU)
Market cap: AU$468.22 million
Share price: AU$0.19
Arafura Resources, an Australian rare earths firm, has secured government funding to advance its Nolans rare earths project in the Northern Territory. Arafura is currently working toward a final investment decision for Nolans, which is shovel ready. Nolans is envisioned as a vertically integrated operation with on-site processing facilities.
A 2022 mine report updates Nolans’ expected lifespan to 38 years, targeting an annual production capacity of 4,440 MT of NdPr concentrate. The project’s definitive feasibility study highlights significant concentrations of neodymium and praseodymium, alongside all other rare earths in varying quantities.
Arafura has inked binding offtake agreements with Hyundai Motor (KRX:005380,OTC Pink:HYMTF), Kia (KRX:000270) and Siemens Gamesa Renewable Energy. Additionally, the company has a non-binding memorandum of understanding with GE Vernova’s (NYSE:GEV) GE Renewable Energy to collaborate on establishing sustainable rare earths supply chains.
In late August 2024, Arafura signed a memorandum of understanding with Canada’s Saskatchewan Research Council to process rare earths from Arafura’s Nolans project into dysprosium and terbium oxides at SRC’s rare earths processing facility in Saskatchewan. The collaboration aims to support global supply chain diversification for energy transition technologies.
The company received a AU$200 million investment commitment from Australia’s National Reconstruction Fund in January 2025.
In March 2025, Arafura announced a binding offtake agreement with Traxys Europe through which Arafura will supply a minimum of 100 MT per year of NdPr oxide over a five-year term from the Nolans project. Arafura has the option to increase the offtake to a maximum of 300 MT per year at its discretion.
The company provided an update in its annual report released in July, noting the Nolans project has advanced to the appraisal stage for 100 million euros in funding from the 1 billion euro German Raw Materials Fund, becoming only the second project to reach this phase. The proposed financing is linked to NdPr oxide supply, supported by Arafura’s existing offtake deal with Siemens Gamesa for 520 MT annually.
As of August 2025, Arafura has secured conditional approval for over US$1 billion in debt funding for the Nolans project.
In August, Arafura received a conditional letter of interest from Export Finance Australia to bolster equity alongside existing debt funding, and completed a AU$80M a “two-tranche institutional placement” at AU$0.19 per share. It also launched a AU$5M share purchase plan at the same price.
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (‘Blackrock’ or the ‘Company’) is pleased to announce the receipt of an aggregate total of C$ $4,244,838.89 in cash proceeds from the exercise of 9,830,880 previously issued common share purchase warrants of the Company (‘Warrants’) since July 8, 2025.
After including the common shares (‘Common Shares‘) of the Company issued as a result of such Warrant exercises, there are a total of 325,490,026 Common Shares issued and outstanding as of the date hereof.
A total of 5,733,000 Warrants issued on August 30,2022 with an exercise price of C$0.75 per share expired unexercised on September 2, 2025.
The Company is also pleased to announce the addition of 7 drillholes to its previously announced eastern expansion drill program (the ‘Eastern Expansion Program‘) at its Tonopah West mineral project located in Nye and Esmeralda Counties, Nevada, United States (‘Tonopah West‘), targeting the 1.2 kilometre Eastern Expansion zone between the DPB resource area and the eastern extent of Tonopah West (see July 21, 2025 news release). With the inclusion of the additional 7 drillholes, the Eastern Expansion Program consists of a total of 22 drillholes and up to 7,000 metres (23,000 feet) of drilling. A total of 19 drillholes have been completed to date and are pending assay results.
Andrew Pollard, Blackrock’s President and Chief Executive Officer, stated, ‘The C$4.24 million from warrant exercises has strengthened our treasury, positioning us to continue advancing Tonopah West aggressively towards development. Drilling on our Eastern Resource Expansion program is progressing rapidly, with 19 of 22 holes already completed. Our updated mineral resource estimate remains on track for early September 2025, aimed at upgrading a portion of the DPB-South inferred resources to higher confidence categories to help de-risk the early years of our conceptual mine plan. A further resource update, focused on extending mine life, is scheduled for Q1 2026. With a robust treasury, assays pending, and multiple mineral resource updates in view, we are well positioned to close out 2025 with strong momentum as we continue to de-risk and advance the Tonopah West project.’
Qualified Persons
Blackrock’s exploration activities at Tonopah West are conducted and supervised by Mr. William Howald, Executive Chairman of Blackrock. Mr. William Howald, AIPG Certified Professional Geologist #11041, is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. He has reviewed and approved the contents of this news release.
About Blackrock Silver Corp.
Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.
Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.
Cautionary Note Regarding Forward-Looking Statements and Information
This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release relate to, among other things: the use of proceeds from the exercise of Warrants; advancement toward development of Tonopah West; the Company’s aim to upgrade significant tonnage from inferred mineral resources to measured and indicated mineral resources at Tonopah West to help de-risk the early years of the conceptual mine plan; the anticipated results from the Eastern Expansion Program; the expected timing of completion of the Company’s updated mineral resource estimates on Tonopah West; the Company’s strategic plans; the enhancement of the exploration potential of Tonopah West; the Company’s focus on adding additional mine life to Tonopah West; and geological information projected from sampling results.
These forward-looking statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company’s operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company’s ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market and industry conditions; and those factors identified under the caption ‘Risks Factors’ in the Company’s most recent Annual Information Form.
Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For Further Information, Contact:
Andrew Pollard
President and Chief Executive Officer
(604) 817-6044
info@blackrocksilver.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265078
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Osisko Metals Incorporated (the ‘ Company or ‘ Osisko Metals ‘) ( TSX: OM,OTC:OMZNF ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec.
Osisko Metals Chief Executive Officer Robert Wares commented: ‘ Drill hole 30-1097 produced our longest intersection so far, returning 1117 metres of continuous mineralization from the top of Copper Mountain, located in the heart of the deposit. With 10 drills on site, we have completed over 65,000 metres of the drill program to date, and will continue the current program of infill and expansion drilling until December. The updated MRE is well on track to be released in Q1 2026. ‘
New analytical results are presented below (see Table 1), including 19 mineralized intercepts from 6 new drill holes. Infill intercepts are located inside the 2024 MRE model ( see November 14, 2024 news release ), and are focused on upgrading inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are located outside the 2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below as ‘Both’). Maps showing hole locations are available at www.osiskometals.com .
Highlights:
- Drill hole 30-1097
- 1117.5 metres averaging 0.25% Cu (infill and expansion)
- Drill hole 30-1100
- 228.5 metres averaging 0.25% Cu (infill and expansion)
- Drill hole 30-1101
- 148.5 metres averaging 0.32% Cu (infill)
- Drill hole 30-1104
- 792.0 metres averaging 0.20% Cu (infill and expansion)
- Drill hole 30-1105
- 110.5 metres averaging 0.20% Cu (infill)
- 288.0 metres averaging 0.19% Cu (expansion)
Table 1: Infill and Expansion Drilling Results
| DDH No. | From (m) | To (m) | Length (m) | Cu % | Ag g/t | Mo % | CuEq* | Type** |
| 30-1097 | 87.0 | 1204.5 | 1117.5 | 0.25 | 1.81 | 0.022 | 0.35 | Both |
| (including) | 87.0 | 778.5 | 691.5 | 0.24 | 2.05 | 0.019 | 0.33 | Infill |
| (including) | 778.5 | 1204.5 | 426.0 | 0.27 | 1.42 | 0.028 | 0.38 | Expansion |
| 30-1100 | 81.0 | 119.0 | 38.0 | 0.15 | 1.11 | 0.16 | Infill | |
| And | 137.0 | 180.0 | 43.0 | 0.25 | 1.64 | 0.013 | 0.31 | Infill |
| And | 322.5 | 551.0 | 228.5 | 0.25 | 1.61 | 0.013 | 0.31 | Both |
| And | 677.8 | 805.0 | 127.2 | 0.15 | 0.82 | 0.012 | 0.20 | Expansion |
| And | 862.8 | 974.5 | 111.7 | 0.17 | 1.24 | 0.010 | 0.22 | Expansion |
| 30-1101 | 58.0 | 111.0 | 53.0 | 0.24 | 5.21 | 0.27 | Infill | |
| And | 156.0 | 304.5 | 148.5 | 0.32 | 2.52 | 0.34 | Infill | |
| And | 493.5 | 521.2 | 27.7 | 0.36 | 1.85 | 0.37 | Expansion | |
| 30-1102 | 516.0 | 567.0 | 51.0 | 0.36 | 3.62 | 0.38 | Expansion | |
| And | 781.5 | 858.0 | 76.5 | 0.03 | 0.19 | 0.077 | 0.32 | Expansion |
| And | 880.5 | 930.0 | 49.5 | 0.46 | 2.81 | 0.48 | Expansion | |
| 30-1104 | 4.5 | 32.0 | 27.5 | 0.12 | 0.48 | 0.12 | Infill | |
| And | 54.0 | 85.0 | 31.0 | 0.14 | 0.66 | 0.14 | Infill | |
| And | 177.0 | 969.0 | 792.0 | 0.20 | 1.33 | 0.015 | 0.26 | Both |
| (including) | 177.0 | 567.5 | 390.5 | 0.18 | 1.49 | 0.013 | 0.23 | Infill |
| (including) | 567.5 | 969.0 | 401.5 | 0.22 | 1.17 | 0.017 | 0.29 | Expansion |
| 30-1105 | 16.0 | 79.0 | 63.0 | 0.19 | 1.94 | 0.20 | Infill | |
| And | 122.0 | 232.5 | 110.5 | 0.20 | 1.30 | 0.21 | Infill | |
| And | 261.8 | 355.5 | 93.7 | 0.25 | 1.72 | 0.009 | 0.30 | Both |
| And | 378.0 | 666.0 | 288.0 | 0.19 | 2.03 | 0.012 | 0.25 | Expansion |
* See explanatory notes below on copper equivalent values and Quality Assurance/Quality Controls.
** ‘Both’ indicates drill holes that have contiguous shallower infill as well as deeper expansion intercepts.
Discussion
Drill hole 30-1097, located on top of Copper Mountain near the central part of the 2024 MRE model, intersected 1117.5 metres averaging 0.25% Cu, 0.022% Mo, and 1.81 g/t Ag that included expansion at depth of 426.0 metres averaging 0.27% Cu, 0.028% Mo, and 1.42 g/t Ag. This hole extends mineralization near the centre of the deposit to a vertical depth of 1,204 metres.
Drill hole 30-1100, near the southwestern margin of the 2024 MRE model, intersected five separate mineralized intervals, including 228.5 metres averaging 0.25% Cu, 0.013% Mo, and 1.61 g/t Ag (infill and expansion). This was followed by 127.2 metres averaging 0.15% Cu, 0.012% Mo, and 0.82 g/t Ag and then by another 111.7 metres averaging 0.17% Cu, 0.010% Mo, and 1.24 g/t Ag (both expansion), extending mineralization to a vertical depth of 975 metres.
Drill holes 30-1101 and 30-1102, both located near the eastern margin of the 2024 MRE model, intersected several, relatively short mineralized intervals that were 27 to 76 metres long, with the exception of one 148.5 metre interval (30-1101) that averaged 0.32% Cu and 2.52 g/t Ag (infill). These holes, along with several other previously reported holes, confirm the currently defined eastern margin of the 2024 MRE model.
Drill hole 30-1104, located near the west-central portion of the 2024 MRE model, intersected two short (28 and 31 metres) intervals followed by 792.0 metres averaging 0.20% Cu, 0.015% Mo and 1.33 g/t Ag that included expansion at depth of 401.5 metres averaging 0.22% Cu, 0.017% Mo, and 1.17 g/t Ag. This hole extends mineralization in this area to a vertical depth of 969 metres.
Drill hole 30-1105, located in the southwestern portion of the 2024 MRE model, intersected 110.5 metres averaging 0.20% Cu and 1.30 g/t Ag (infill), followed by 93.7 metres averaging 0.25% Cu and 1.72 g/t Ag (infill and expansion), followed by a third intersection of 288.0 metre averaging 0.19% Cu, 0.012% Mo, and 2.03 g/t Ag (expansion), extending mineralization to a vertical depth of 666 metres.
Mineralization at Gaspé Copper is of porphyry copper/skarn type and occurs as disseminations and stockworks of chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. At least five retrograde vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier prograde skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at Copper Mountain whereas prograde bedding-replacement mineralization, that is mostly stratigraphically controlled, dominates in the area of Needle Mountain, Needle East, and Copper Brook. High molybdenum grades (up to 0.5% Mo) were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain.
The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain stockwork mineralization ( see May 6, 2024 MRE press release ). Extending the resource model south of Copper Mountain into the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource, mostly in the Inferred category ( see November 14, 2024 MRE press release ).
The current drill program is designed to convert the November 2024 MRE to Measured and Indicated categories, as well as test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included in the next scheduled MRE update in Q1 2026.
All holes are being drilled sub-vertically into the altered calcareous stratigraphy which dips 20 to 25 degrees to the north. The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites that host the bulk of the disseminated copper mineralization.
Table 2: Drill hole locations
| DDH No. | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation |
| 30-1097 | 0.00 | -90.00 | 1224.0 | 316150.0 | 5426416.0 | 742.3 |
| 30-1100 | 0.00 | -90.00 | 987.0 | 315825.0 | 5426193.0 | 619.4 |
| 30-1101 | 0.00 | -90.00 | 592.0 | 316612.0 | 5425837.0 | 593.3 |
| 30-1102 | 0.00 | -90.00 | 930.0 | 316595.0 | 5426284.1 | 603.7 |
| 30-1104 | 0.00 | -90.00 | 999.0 | 315700.0 | 5426358.0 | 592.1 |
| 30-1105 | 0.00 | -90.00 | 819.0 | 316104.0 | 5425877.0 | 586.9 |
Explanatory note regarding copper-equivalent grades
Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2) estimated long-term prices of metals: US$4.25/lb copper, $20.00/lb molybdenum, and US$24/oz silver; 3) estimated recoveries of 92%, 70%, and 70% for Cu, Mo, and Ag respectively; and 4) net smelter return value of metals as percentage of the price, estimated at 86.5%, 90.7%, and 75.0% for Cu, Mo, and Ag respectively.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Mr. Bernard-Olivier Martel, P. Geo. (OGQ 492), an independent ‘qualified person’ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’).
Quality Assurance / Quality Control
Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 20 metres or less are not reported unless indicating significantly higher grades . True widths are estimated at 90 – 92% of the reported core length intervals.
Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to ALS Canada Ltd.’s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag.
About Osisko Metals
Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec ‘ s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled ‘Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper’. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.
In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada ‘ s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals ‘ June 25, 2024 news release entitled ‘Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq’. The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometres of viable haul roads.
For further information on this news release, visit www.osiskometals.com or contact:
Don Njegovan, President
Email: info@osiskometals.com
Phone: (416) 500-4129
Cautionary Statement on Forward-Looking Information
This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘potential’, ‘feasibility’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction decision (if at all); the ability to increase the Company’s trading liquidity and enhance its capital markets presence; the potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success; the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in eastern North America.
Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company’s public disclosure record on SEDAR+ (www.sedarplus.ca) under Osisko Metals’ issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission, or other regulatory authority has approved or disapproved the information contained herein.
Figures accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d9ceeb48-c38d-45dc-a5ec-f96863709f4a
https://www.globenewswire.com/NewsRoom/AttachmentNg/2df9a7aa-2f59-4631-b9dc-e4794a30e22b
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The Trump administration asked the Supreme Court Wednesday to quickly make a decision on whether President Donald Trump has the authority to impose his sweeping tariffs under federal emergency law.
This appeal is a result of a federal appeals court ruling 7-4 that a vast majority of Trump’s tariffs were illegal according to the 1977 International Emergency Economic Powers Act even though it allowed the duties to remain until the case was resolved.
Many states and small businesses challenged Trump’s tariffs in a lawsuit saying they were causing serious economic harm.
‘These unlawful tariffs are inflicting serious harm on small businesses and jeopardizing their survival,’ said Jeffrey Schwab, an attorney with the Liberty Justice Center.
The Trump administration, however, countered the appeal, arguing that striking down the tariffs could cause serious economic harm.
‘That decision casts a pall of uncertainty upon ongoing foreign negotiations that the President has been pursuing through tariffs over the past five months, jeopardizing both already negotiated framework deals and ongoing negotiations,’ the Trump administration argued in its appeal. ‘The stakes in this case could not be higher.’
Officials also pointed out that the levies have raised $159 billion since late August, a figure that has more than doubled from the previous year.
Although the Constitution does give Congress the power to set tariffs throughout the years many lawmakers have delegated those authorities to the White House. Although Trump has been seen to use this to his advantage, some of his duties on steel, aluminum, autos, and earlier tariffs on China were left in place by former President Joe Biden and are not part of this case.
Legal experts have noted that the government has also warned that if the courts strike down these tariffs, the U.S. Treasury could be forced to refund billions that have already been collected.
The Supreme Court is expected to decide soon on whether they will take up the case directly, which will potentially set up a major ruling on the limits of presidential power over trade.
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President Donald Trump’s America First trade agenda is working, and China is feeling the heat.
While the legacy media has spent months lying about slow growth, Trump’s tariff agenda is already reshaping how the U.S. competes with China — and America’s industrial and agricultural sectors are benefiting as a result. New tariff protections are prompting the reshoring of critical production and strengthening the U.S. economy.
The president has so far sent a clear message: the days of America propping up Beijing’s rise are over. Thanks to Trump’s leadership, we’re finally winning again. U.S. manufacturing is rebounding, investment is flowing into strategic industries and American farmers are getting the protection they need from unfair Chinese competition and emerging bio-threats.
For years, the Chinese Communist Party (CCP) has targeted the foundations of our economy, hollowed out our manufacturing sector, cheated our farmers and manipulated global markets with impunity.
Under the Biden administration, Washington operated on the belief that economic engagement with China would bring reform and stability. That bet never paid off. Instead, we’ve seen mass intellectual property theft, industrial manipulation, and an alarming pattern of biosecurity breaches that could seriously harm American agriculture and our food supply.
U.S. federal prosecutors recently revealed that a fungus called ‘Fusarium graminearum’ was illegally trafficked into the country by individuals connected to CCP-aligned research institutions. This fungus is a well-known biological agent that renders crops inedible, threatens livestock and causes reproductive damage to humans and livestock. This wasn’t a minor violation or mistake; it was a coordinated effort to smuggle a dangerous agricultural pathogen onto U.S. soil to wreak havoc on our food supply chain and public health.
Those involved included two Chinese nationals who were tied to American research institutions. The potential consequences of their actions were anything but small — as American farms and food systems could have suffered widespread contamination, economic loss, and long-term damage.
Unfortunately, this isn’t an isolated episode. Just last year, five Chinese nationals were caught surveilling a U.S. military site in Michigan. Additionally, the Federal Bureau of Investigation (FBI) reported that in recent years, numerous Chinese college-age individuals have been caught taking photos of vital defense sites in the U.S. Taken together, these incidents point to something bigger than isolated wrongdoing. They suggest an ongoing strategy aimed, originating in Beijing, at weakening key sectors of the American economy from the inside out.
This is why America must protect our supply chain and produce our most crucial farm inputs here at home. In a recent poll by the Protecting America Initiative, 71% of Americans said they would like to see our farm inputs, like pesticides, produced domestically instead of relying on imports from China.
So, what are we doing to combat this growing and very serious threat?
Thankfully, we have a leader who is taking this challenge seriously. Trump’s policies have reshaped how the United States deals with China and the results are starting to show.
With Trump’s America First tariff agenda, the world is seeing that the U.S. is no longer afraid to defend its own interests.
When Europe was flooding our markets and ripping off the U.S. with unfair trade deals, Trump didn’t hesitate; he hit back with tariffs. For the first time in years, the EU stopped treating American markets like a dumping ground. They came to the table, and American industries got breathing room.
Now, Trump is using that same proven strategy to take on the CCP. He is restoring balance to a relationship that for too long has tilted in China’s favor.
China, like the European Union before it, is learning that the days of taking advantage of the American economy are coming to an end. When these deals are finalized, both Beijing and Brussels will be operating on terms that respect U.S. workers, innovation and strength.
Just last year, five Chinese nationals were caught surveilling a U.S. military site in Michigan.
Trump’s bold tariff agenda isn’t only a winning economic policy; it’s a national security imperative. It protects our farmers, revitalizes our factories and sends a message to the world that America will never be bullied or bought.
The path to a stronger America runs through tough trade enforcement, and President Trump is the one who is leading us there.
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Ashley Biden, daughter of former President Joe Biden and former first lady Jill Biden, wrote on social media that it was ‘one of the hardest summers of my life.’
The post comes after a summer during which the former first daughter faced two main challenges: her divorce and her father’s cancer diagnosis.
‘August 2025. The summer of 2025 was one of the hardest summers of my life. I have been preparing for the fall (my fav season) and now ready for the RISE,’ she wrote as the caption of a carousel of summer photos. ‘Grateful for the support of friends and family. Grateful that I took the time/space to grieve, process and heal. Grateful for peace of mind, new beginnings, new seasons, and a rediscovered strength and love for myself.’
She ended the caption with ‘#SturgeonMoon2025’ – a reference to the August full moon – followed by a string of emojis.
Last month, Ashley Biden shared a photo of her with her ex-husband and another woman, who the former first daughter identified as the doctor’s ‘girlfriend.’
She captioned the Instagram story, ‘my husband and his girlfriend holding hands,’ and posted it with the Notorious B.I.G. song ‘Another,’ featuring Lil’ Kim, the New York Post reported.
The outlet also noted that the Instagram story was posted just hours before Ashley Biden filed for divorce from her husband of 13 years.
The story appeared on Aug. 10 and was deleted shortly after it was posted. While it appeared to be aimed at her husband, the people in the image faced away from the camera and were not immediately identifiable.
The Post also reported in August that in a separate Instagram story, which was also deleted, Ashley Biden posted herself walking through a park giving a thumbs-up while ‘Freedom’ by Beyoncé played.
Ashley Biden’s divorce filing states the marriage is ‘irretrievably broken’ and requests spousal support while the divorce is pending, according to filings reviewed by Radar Online.
She married Dr. Howard Krein in 2012 with a ceremony blending her Catholic faith with his Jewish heritage, followed by a reception at the Biden family’s lake house in Wilmington.
At the time, then–Vice President Joe Biden praised his future son-in-law, telling People magazine: ‘This is the right guy. And he’s getting a helluva woman.’
At the 2024 Democratic National Convention, Ashley Biden recalled her father’s role in her wedding to Krein, saying, ‘At the time, my dad was vice president, but he was also that dad who literally set up the entire reception. He was riding around in his John Deere 4-wheeler, fixing the place settings, arranging the plants, and by the way, he was very emotional.’
In May, Biden’s office confirmed he had been diagnosed with an ‘aggressive form’ of prostate cancer.
‘While this represents a more aggressive form of the disease, the cancer appears to be hormone-sensitive which allows for effective management. The [former p]resident and his family are reviewing treatment options with his physicians,’ Biden’s team shared in a statement.
Ashley Biden made a similar Instagram reflection post at the end of May, writing: ‘May 2025. Heartbroken yet HOPEFUL. MAY I have the courage to handle all that life throws at me (us). So very grateful for all the love + support.’
‘Life is tough my darling, but so are YOU,’ she added at the time.
On the same day, she also posted a picture of herself with her parents and seemingly pushed back against rumors that her family had covered up her father’s cancer diagnosis while he was in the White House.
Fox News Digital’s Jasmine Baehr contributed to this report.
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Senate Republicans are grappling with President Donald Trump’s move to cancel $4.9 billion in foreign aid funding and what the ramifications could be on the looming deadline to fund the government.
Senate Democrats previously warned after the GOP’s first go-round with clawbacks that any further attempt to gut congressionally-approved funding would be a red line, and that it could lead to Democratic lawmakers withholding their support for a short-term government funding extension, known as a continuing resolution (CR).
The Trump administration’s decision last week to go forward with a pocket rescission, which skirts the 45-day window needed for a typical clawback package, rattled Senate Democrats and has alarmed some Republicans about finding a path forward to keep the government open.
‘The last thing in the world we need to do is to give our Democrat colleagues any reason not to try to move forward with the appropriations process,’ Sen. Mike Rounds, R-S.D., said.
‘That does concern me, and once again, we need to get the appropriations process back on track,’ he continued. ‘We’re going to do whatever we can to get this thing through this year. We’re committed to it. It’s better if Congress takes back its authority on this. Quit doing continuing resolutions, do the appropriations process.’
Sen. Ron Johnson, R-Wis., on the other hand, was all for the move and wasn’t worried about the impact it could have on a shutdown.
‘I’m concerned about more spending from those negotiations,’ he told Fox News Digital. ‘Again, you’re not going to get me concerned about anything that cuts spending or reduces the size and scope across government. I’m all for it, no matter how we do it.’
Still, Senate Majority Leader John Thune, R-S.D., will likely need Democratic support to advance any spending bills, let alone a CR by Sept. 30, through the upper chamber’s filibuster threshold, given that a handful of Republicans never vote for funding extensions.
Rounds and other members of the Senate Appropriations Committee are in favor of barreling forward with passing spending bills and have so far been successful in advancing three with bipartisan support.
Senate Minority Leader Chuck Schumer, who in July warned that Trump’s first $9 billion clawback package would have ‘grave implications’ on the appropriations process, has maintained that congressional Democrats were united in their desire to continue working on spending bills with Republicans.
He warned that Republicans would ‘face their greatest test under the Trump administration,’ to either work across the aisle or face a shutdown.
‘However, as near the funding deadline, Republicans are once again threatening to go at it alone, heading our country towards a shutdown,’ Schumer said.
Thune has also remained committed to seeing lawmakers pass the dozen bills needed to fund the government, but acknowledged ‘inevitably, it looks like [we] need a CR for some time for the foreseeable future.’
And he warned that Democrats may try to use the latest clawback package ‘as an excuse’ to not fund the government.
‘That’s all it’ll be is an excuse, because they know that I’m committed, Sen. [Susan] Collins is committed, our conference is committed to working constructively to try and fund the government through the normal appropriations process,’ he said.
Meanwhile, some Republicans questioned if turning toward clawbacks was the best way to tackle spending cuts and argued that such measures were already baked into the annual appropriations process.
When news of the package surfaced, Senate Appropriations Chair Susan Collins, R-Maine, charged that efforts to claw back ‘appropriated funds without congressional approval is a clear violation of the law.’
Sen. Kevin Cramer, R-N.D., told Fox News Digital he wasn’t worried about the legality of the move so much as whether turning to the clawbacks was ‘the most efficient way to get at spending cuts.’
‘I think the appropriations process is a better way, and we’ve had some success, and I’d like to keep that momentum going and try to, you know, avoid a shutdown and get back to regular order,’ he said.
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A group of anonymous federal judges is criticizing the Supreme Court for overturning lower court rulings and siding with President Donald Trump’s administration with little to no explanation, NBC News reported Thursday.
NBC spoke with 12 federal judges, appointed by Democratic and Republican presidents including Trump, who pointed to a trend of lower court decisions being overturned by emergency rulings from the high court. These cases often see prominent members of Trump’s administration lashing out at lower court judges before their cases are overturned.
Ten of the 12 judges argued the Supreme Court should offer more explanation when overturning such decisions, saying emergency rulings in such cases imply poor work on the part of lower court judges.
‘It is inexcusable,’ one judge said of the Supreme Court. ‘They don’t have our backs.’
That judge also said they have received death threats for issuing rulings that counter Trump’s agenda. Trump himself and some of his top officials have spoken out against judges issuing unfavorable rulings.
When Judge James Boasberg sought to block the administration’s deportation flights to El Salvador, Trump argued he should be ‘IMPEACHED’ on social media.
When various judges issued rulings blocking Trump’s tariff agenda in March, White House deputy chief of staff Stephen Miller argued it was a ‘judicial coup.’
The judge who described the Supreme Court’s actions as inexcusable predicted that ‘somebody is going to die’ if criticism from top Trump officials continues, according to NBC.
Another judge said lower courts are being ‘thrown under the bus.’
‘It’s almost like the Supreme Court is saying it is a ‘judicial coup,’’ a third judge told the outlet.
A fourth judge, however, appointed by President Barack Obama, conceded that several judges had been out of line with their rulings against Trump.
‘The whole ‘Trump derangement syndrome’ is a real issue. As a result, judges are mad at what Trump is doing or the manner he is going about things; they are sometimes forgetting to stay in their lane,’ that judge said.
‘Certainly, there is a strong sense in the judiciary among the judges ruling on these cases that the court is leaving them out to dry,’ the judge continued. ‘They are partially right to feel the way they feel.’
The Supreme Court’s public information office did not immediately respond to a request for comment from Fox News Digital.
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