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September 6, 2025

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What Was the Highest Price for Gold?

Investing 16 Mins Read

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security.

And each time the gold price rises, there are calls for even higher record-breaking levels.

Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.

Some have posited that the gold price may rise as high as US$4,000 or US$5,000 per ounce, and there are those who believe that US$10,000 gold or even US$40,000 gold could become a reality.

These impressive price predictions have investors wondering, what is gold’s all-time high (ATH)?

In the past year, gold has reached a new all-time high dozens of times. Find out what has driven it to these levels, plus how the gold price has moved historically and what has driven its performance in recent years.

In this article

    How is gold traded?

    Before discovering what the highest gold price ever was, it’s worth looking at how the precious metal is traded. Knowing the mechanics behind gold’s historical moves can help illuminate why and how its price changes.

    Gold bullion is traded in dollars and cents per ounce, with activity taking place worldwide at all hours, resulting in a live price for the metal. Investors trade gold in major commodities markets such as New York, London, Tokyo and Hong Kong. London is seen as the center of physical precious metals trading, including for silver. The COMEX division of the New York Mercantile Exchange is home to most paper trading.

    There are many popular ways to invest in gold. The first is through purchasing gold bullion products such as bullion bars, bullion coins and rounds. Physical gold is sold on the spot market, meaning that buyers pay a specific price per ounce for the metal and then have it delivered. In some parts of the world, such as India, buying gold in the form of jewelry is the largest and most traditional route to investing in gold.

    Another path to gold investment is paper trading, which is done through the gold futures market. Participants enter into gold futures contracts for the delivery of gold in the future at an agreed-upon price.

    In such contracts, two positions can be taken: a long position under which delivery of the metal is accepted or a short position to provide delivery of the metal. Paper trading as a means to invest in gold can provide investors with the flexibility to liquidate assets that aren’t available to those who possess physical gold bullion.

    One significant long-term advantage of trading in the paper market is that investors can benefit from gold’s safe-haven status without needing to store it. Furthermore, gold futures trading can offer more financial leverage in that it requires less capital than trading in the physical market.

    Interestingly, investors can also purchase physical gold via the futures market, but the process is complicated and lengthy and comes with a large investment and additional costs.

    Aside from those options, market participants can invest in gold through exchange-traded funds (ETFs). Investing in a gold ETF is similar to trading a gold stock on an exchange, and there are numerous gold ETF options to choose from. For instance, some ETFs focus solely on physical gold bullion, while others focus on gold futures contracts. Other gold ETFs center on gold-mining stocks or follow the gold spot price.

    It is important to understand that you will not own any physical gold when investing in an ETF — in general, even a gold ETF that tracks physical gold cannot be redeemed for tangible metal.

    With regards to the performance of gold versus trading stocks, gold has an interesting relationship with the stock market. The two often move in sync during “risk-on periods” when investors are bullish. On the flip side, they tend to become inversely correlated in times of volatility. There are a variety of options for investing in stocks, including gold mining stocks on the TSX and ASX, gold juniors, precious metals royalty companies and gold stocks that pay dividends.

    According to the World Gold Council, gold’s ability to decouple from the stock market during periods of stress makes it “unique amongst most hedges in the marketplace.” It is often during these times that gold outperforms the stock market. For that reason, it is often used as a portfolio diversifier to hedge against uncertainty.

    What was the highest gold price ever?

    The gold price peaked at US$3,599.61, its all-time high, during trading on September 5, 2025.

    What drove it to set this new ATH? Gold reached its new highest price following the release of unexpectedly weak US job data. Following the release, FedWatch’s odds for a 25 basis point rate cut at the upcoming US Federal Reserve meeting dropped from 99 to 90.2 percent, while odds of a 50 point drop jumped to 9.8 percent. The meeting will take place from September 16 to 17.

    Gold set new highs several times in the preceding week amid significant uncertainty in the US and global economies and surging gold ETF purchases.

    One significant driver came on August 29, when a US federal appeals court ruled that US President Donald Trump’s ‘liberation day’ tariffs, announced in April, are illegal, stating that only Congress has the power to enact widespread tariffs. The Trump administration is expected to appeal the ruling, which will go into effect on October 14.

    Stock markets fell during trading September 2, while treasury yields in the US and abroad rose significantly, providing tailwinds to the gold price. Gold was also boosted by the expectation of interest rate cuts by the US Federal Reserve at the September meeting.

    News surrounding the tariffs had previously led gold to reach multiple new highs back in April, as we dive into below.

    Gold price chart, December 31, 2024, to September 5, 2025.

    Why is the gold price setting new highs in 2025?

    This string of record-breaking highs this year are caused by several factors.

    Increased economic and geopolitical turmoil caused by the new Trump administration has been a tailwind for gold this year, as well as a weakening US dollar, sticky inflation in the country and increased safe haven gold demand.

    Since coming into office in late January, Trump has threatened or enacted tariffs on many countries, including blanket tariffs on longtime US allies Canada and Mexico and tariffs on the European Union. Trump has also implemented 25 percent tariffs on all steel and aluminum imports.

    The gold price set a string of new highs in the month of April amid high market volatility as markets reacted to tariff decisions from Trump and the escalating trade war between the US and China. By April 11, Trump had raised US tariffs on Chinese imports to 145 percent and China has raised its tariffs on US products to 125 percent.

    As for the effect of these widespread tariffs raising prices for the American populace, Trump has reiterated his sentiment that the US may need to go through a period of economic pain to enter a new ‘golden age’ of economic prosperity. Falling markets and a declining US dollar support gold, as did increased gold purchasing in China in response to US tariffs on the country. Elon Musk’s call to audit the gold holdings in Fort Knox has also brought attention to the yellow metal.

    What factors have driven the gold price in the last five years?

    Despite these recent runs, gold has seen its share of both peaks and troughs over the last decade. After remaining rangebound between US$1,100 and US$1,300 from 2014 to early 2019, gold pushed above US$1,500 in the second half of 2019 on a softer US dollar, rising geopolitical issues and a slowdown in economic growth.

    Gold’s first breach of the significant US$2,000 price level in mid-2020 was due in large part to economic uncertainty caused by the COVID-19 pandemic. To break through that barrier and reach what was then a record high, the yellow metal added more than US$500, or 32 percent, to its value in the first eight months of 2020.

    Gold price chart, August 31, 2020, to September 1, 2025.

    The gold price surpassed that level again in early 2022 as Russia’s invasion of Ukraine collided with rising inflation around the world, increasing the allure of safe-haven assets and pulling the yellow metal up to a price of US$2,074.60 on March 8, 2022. However, it fell throughout the rest of 2022, dropping below US$1,650 in October.

    Although it didn’t quite reach the level of volatility as the previous year, the gold price experienced drastic price changes in 2023 on the back of banking instability, high interest rates and the breakout of war in the Middle East.

    After central bank buying pushed the gold price up to the US$1,950.17 mark by the end of January, the US Federal Reserve’s 0.25 percent rate hike on February 1 sparked a retreat as the dollar and Treasury yields saw gains. The precious metal went on to fall to its lowest price level of the year at US$1,809.87 on February 23.

    The banking crisis that hit the US in early March caused a domino effect through the global financial system and led to the mid-March collapse of Credit Suisse, Switzerland’s second-largest bank. The gold price jumped to US$1,989.13 by March 15. The continued fallout in the global banking system throughout the second quarter of the year allowed gold to break above US$2,000 on April 3, and go on to flirt with a near-record high of US$2,049.92 on May 3.

    Those gains were tempered by the Fed’s ongoing rate hikes and improvements in the banking sector, resulting in a downward trend in the gold price throughout the remainder of the second quarter and throughout Q3. By October 4, gold had fallen to a low of US$1,820.01 and analysts expected the precious metal to drop below US$1,800.

    That was before the October 7 attacks by Hamas on Israel ignited legitimate fears of a much larger conflict erupting in the Middle East. Reacting to those fears, and to rising expectations that the Fed would begin to reverse course on interest rates, gold broke through the important psychological level of US$2,000 and closed at US$2,007.08 on October 27. As the fighting intensified, gold reached a then-new high of US$2,152.30 in intraday trading on December 3.

    That robust momentum in the spot gold price continued into 2024, chasing new highs on fears of a looming US recession, the promise of Fed rate cuts on the horizon, the worsening conflict in the Middle East and the tumultuous US presidential election year. By mid-March, gold was pushing up against the US$2,200 level.

    That record-setting momentum continued into the second quarter of 2024 when gold broke through US$2,400 in mid-April on strong central bank buying, sovereign debt concerns in China and investors expecting the Fed to start cutting interest rates. The precious metal went on to hit US$2,450.05 on May 20.

    Throughout the summer, the hits kept on coming.

    The global macro environment was highly bullish for gold in the lead up to the US election. Following the failed assassination attempt on Trump and a statement about coming interest rate cuts by Fed Chair Powell, the gold spot price hit a then new all-time high on July 16 at US$2,469.30. One week later, news that then-President Joe Biden would not seek re-election and would instead pass the baton to Vice President Kamala Harris eased some of the tension in the stock markets and strengthened the US dollar. This also pushed the price of gold down to US$2,387.99 on July 22, 2024.

    However, the bullish factors supporting gold remained in play, and the spot price for gold went on to breach US$2,500 on August 2 that year on a less than stellar US jobs report; it closed just above the US$2,440 level. A few weeks later, gold pushed past US$2,500 once again on August 16, closing above that level for the first time ever after the US Department of Commerce released data showing a fifth consecutive monthly decrease in a row for homebuilding.

    The news that the Chinese government issued new gold import quotas to banks in the country following a two month pause also helped fuel the gold price rally. Central bank gold buying has been a significant tailwind for the gold price this year, and China’s central bank has been one of the strongest buyers.

    Market watchers expected the Fed to cut interest rates by a quarter point at their September 2024 meeting, but news on September 12 that the regulators were still deciding between the expected cut or a larger half-point cut led gold prices on a rally that carried through into the next day, bringing gold prices near US$2,600.

    At the September 18 Fed meeting, the committee ultimately made the decision to cut rates by half a point, news that sent gold even higher. By September 20, it moved above US$2,600 and held above US$2,620.

    In October 2024, gold first breached the US$2,700 level and continued to higher on a variety of factors, including further rate cuts and economic data anticipation, the escalating conflict in the Middle East between Israel and Hezbollah, and economic stimulus in China — not to mention the very close race between the US presidential candidates.

    While the gold price fell following Trump’s win in early November and largely held under US$2,700 through the end of the year, it began trending upwards in 2025 to the new all-time high discussed earlier in the article.

    What’s next for the gold price?

    What’s next for the gold price is never an easy call to make. There are many factors to consider, but some of the most prevalent long-term drivers include economic expansion, market risk, opportunity cost and momentum.

    Economic expansion is one of the primary gold price contributors as it facilitates demand growth in several categories, including jewelry, technology and investment. As the World Gold Council explains, “This is particularly true in developing economies where gold is often used as a luxury item and a means to preserve wealth.”

    Market risk is also a prime catalyst for gold values as investors view the precious metal as the “ultimate safe haven,” and a hedge against currency depreciation, inflation and other systemic risks.

    Going forward, in addition to the Fed, inflation and geopolitical events, experts will be looking for cues from factors like supply and demand. In terms of supply, the world’s five top gold producers are China, Australia, Russia, Canada and the US. The consensus in the gold market is that major miners have not spent enough on gold exploration in recent years. Gold mine production has fallen from around 3,200 to 3,300 metric tons (MT) each year between 2018 and 2020 to around 3,000 to 3,100 MT each year between 2021 and 2023.

    On the demand side, China and India are the biggest buyers of physical gold, and are in a perpetual fight for the title of world’s largest gold consumer. That said, it’s worth noting that the last few years have brought a big rebound in central bank gold buying, which dropped to a record low in 2020, but reached a 55 year high of 1,136 MT in 2022.

    World Gold Council data shows 2024 central bank gold purchases came to 1,044.6 MT, marking the third year in a row above 1,000 MT. In H1 2025, the organization says gold purchases from central banks reached 415.1 MT.

    In addition to central bank moves, analysts are also watching for escalating tensions in the Middle East, a weakening US dollar, declining bond yields, and further interest rate cuts as factors that could push gold higher as investors look to secure their portfolios. “When it comes to outside factors that affect the market, it’s just tailwind after tailwind after tailwind. So I don’t really see the trend changing,” Coffin said.

    Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, believes that market risk and uncertainty surrounding tariffs and continued demand from central banks are the main drivers of gold.

    Should you beware of gold price manipulation?

    It’s important for investors to be aware that gold price manipulation is a hot topic in the industry.

    In 2011, when gold hit what was then a record high, it dropped swiftly in just a few short years. This decline after three years of impressive gains led many in the gold sector to cry foul and point to manipulation.

    Early in 2015, 10 banks were hit in a US probe on precious metals manipulation.

    Evidence provided by Deutsche Bank (NYSE:DB) showed “smoking gun” proof that UBS Group (NYSE:UBS), HSBC Holdings (NYSE:HSBC), the Bank of Nova Scotia (TSX:BNS,NYSE:BNS and other firms were involved in rigging gold and silver rates in the market from 2007 to 2013. Not long after, the long-running London gold fix was replaced by the LBMA gold price in a bid to increase gold price transparency. The twice-a-day process, operated by the ICE Benchmark Administration, still involves a variety of banks collaborating to set the gold price, but the system is now electronic.

    Still, manipulation has by no means been eradicated, as a 2020 fine on JPMorgan Chase & Co. (NYSE:JPM) shows. The next year, chat logs were released in a spoofing trial for two former precious metals traders from the Bank of America’s (NYSE:BAC) Merrill Lynch unit. They show a trader bragging about how easy it is to manipulate the gold price.

    Gold market participants have consistently spoken out about manipulation. In mid-2020, Chris Marcus, founder of Arcadia Economics and author of the book “The Big Silver Short,” said that when gold fell back below the US$2,000 mark after hitting close to US$2,070, he saw similarities to what happened with the gold price in 2011.

    Marcus has been following the gold and silver markets with a focus specifically on price manipulation for nearly a decade. His advice? “Trust your gut. I believe we’re witnessing the ultimate ’emperor’s really naked’ moment. This isn’t complex financial analysis. Sometimes I think of it as the greatest hypnotic thought experiment in history.”

    Investor takeaway

    While we have the answer to what the highest gold price ever is as of now, it remains to be seen how high gold can climb, and if the precious metal can reach as high as US$5,000, US$10,000 or even US$40,000.

    Even so, many market participants believe gold is a must have in any investment profile, and there is little doubt investors will continue to see gold price action making headlines this year and beyond.

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

    This post appeared first on investingnews.com

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    Québec Communities Vote “No” to La Loutre Graphite Mine

    Investing 4 Mins Read

    Residents in five Western Québec municipalities of have overwhelmingly rejected a proposed open-pit graphite mine, with 95 percent voting against the La Loutre project in a referendum.

    Nearly 3,000 ballots were cast on Sunday (August 31) across Duhamel, Lac-des-Plages, Lac-Simon, Chénéville and Saint-Émile-de-Suffolk. Of those, 2,754 citizens voted against the asset, while only 115 were in favor.

    The organizers say the result leaves no room for ambiguity about local opposition.

    Located near Lac Bélanger, roughly 80 kilometers northeast of Gatineau, La Loutre is owned by Lomiko Metals (TSXV:LMR,OTCQB:LMRMF), which says it is a potential source of graphite for electric vehicle batteries.

    China is the world’s largest producer of graphite by far, and countries around the world are looking to lock down supply of the material. In 2024, Lomiko received a US$8.35 million grant from the US Department of Defense, as well as C$4.9 million from Natural Resources Canada, as the countries looked to strengthen North America’s supply chain.

    But for many locals, the referendum on La Loutre was not about global supply chains, but about protecting the lakes, forests and tourism-driven economy that sustain the Petite-Nation region.

    Duhamel Mayor David Pharand, long opposed to the mine, said the scale of the rejection will shape what comes next.

    “I can assure the population that the percentage of the results of this referendum will have a major impact on the decision of the government and the action that will be taken,” Pharand told CBC. “We will work based on those numbers with our political, federal, and provincial members of parliament to see that this project is not funded.”

    Provincial officials struck a similar tone. Papineau MRC prefect Paul-André David said in a statement that the results reflect widespread environmental concerns and will guide the region’s stance in discussions with Québec City:

    “The MRC will have to take the necessary measures to protect the interests of the community, by demanding that governments ensure that the sustainable management of water, air and landscapes is at the heart of discussions.’

    Mathieu Lacombe, the Coalition Avenir Québec member of Québec’s National Assembly for Papineau, called the outcome “unequivocal” and pledged in a Facebook post to “ensure that the will of citizens is respected.”

    Premier François Legault has repeatedly said in recent years that “if there is no social acceptability, there will be no mining activity,” a promise the Coalition du NON is now urging him to uphold.

    Coalition presses for government action

    The referendum was organized with support from the Alliance des municipalités Petite-Nation Nord and spearheaded by local business and land-use groups under the banner of the Coalition du NON.

    The coalition is demanding that both provincial and federal governments move quickly to halt the project and declare the territory incompatible with mining activity. Louis St-Hilaire, president of the Petite-Nation Lake Protection Group and co-spokesperson for the coalition, said the result represents a clear directive.

    “Through this referendum, citizens have shown that mining is clearly not what they want for their region and that they will continue to oppose it. Mr. Legault, the public is now asking you, in the public interest, to revoke Lomiko Metals’ mining rights in this area,” St-Hilaire said.

    Lomiko acknowledges challenge of social license

    Lomiko received permits from the Québec government to begin a 250 metric ton bulk sample at La Loutre on July 1, also saying in the update that it was in a permitting phase to start geotechnical site investigations.

    In a statement to CBC on Tuesday (September 2), the company acknowledged the referendum outcome, while stressing that “the many outstanding questions will become clearer as it carries out additional studies.”

    Last year, Lomiko expressed disappointment after Québec’s government declined to fund the project, saying the province appeared to be drawing “pre-emptive conclusions” before technical assessments were completed.

    Local leaders say the onus is now squarely on provincial and federal authorities to respect the verdict.

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

    This post appeared first on investingnews.com

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    Top 5 Canadian Mining Stocks This Week: Carlton Precious Gains 78 Percent

    Investing 11 Mins Read

    Statistics Canada released its August job numbers on Friday (September 5). The report indicated a loss of 66,000 jobs in the Canadian economy and an increase in the unemployment rate to 7.1 percent from the 6.9 percent recorded in July.

    The losses were primarily felt in the professional, scientific and technical services sector with a decrease of 26,000 jobs, followed by losses of 23,000 jobs in the transportation and warehousing sector and 19,000 jobs in manufacturing.

    One small caveat: of the 66,000 jobs lost, 60,000 were part-time workers, while full-time employment saw little change after shedding 51,000 positions the previous month.

    South of the border, the US Bureau of Labor Statistics (BLS) also released its August jobs report on Friday. The report is the first jobs report since Donald Trump fired the head of the BLS after the release of July’s labor report showed weakness trickling into the economy.

    The economy added an estimated 22,000 jobs during August, well below analysts’ expectations of 75,000 new jobs. The unemployment rate also ticked up to 4.3 percent from 4.2 percent in July.

    The federal workforce saw the largest job decline, losing 15,000 jobs. The mining, quarrying and oil and gas extraction sector also saw its most significant change over the last 12 months, shedding 6,000 workers.

    Additionally, the BLS revised June and July’s figures. While July’s numbers rose to 79,000 added jobs from the 73,000 first reported, the agency made a significant downward revision to June’s numbers, indicating the economy lost 13,000 jobs for the month instead of gaining 14,000.

    Jobs data from the last few months will play an important role when the Federal Reserve next meets on September 16 and 17 to discuss changes to the Federal Funds Rate, which is currently set in the 4.25 to 4.5 percent range. Most analysts are predicting the Fed to make a 25 point cut to the benchmark rate, with some now eyeing a larger 50 point cut.

    Markets and commodities react

    Canadian equity markets were mostly positive during the shortened trading week. The S&P/TSX Composite Index (INDEXTSI:OSPTX) set another new record high on Friday, closing the week up 1.7 percent to 29,050.63. The S&P/TSX Venture Composite Index (INDEXTSI:JX) did even better, climbing 3.34 percent to finish Friday at 857.25. However, the CSE Composite Index (CSE:CSECOMP) went the opposite direction, falling 5.16 percent to end the week at 158.32.

    US equity markets were volatile this week, falling sharply at the open of the trading week Tuesday (September 2) before moving back into positive territory. Although the S&P 500 (INDEXSP:INX) pulled back slightly on Friday’s weak jobs data, it ultimately ended the week up 0.33 percent at 6,481.51. The Dow Jones Industrial Average (INDEXDJX:.DJI) took a larger hit Friday, and closed down 0.32 percent on the week at 45,400.87. Of the three, the Nasdaq 100 (INDEXNASDAQ:NDX) was the week’s biggest winner, rising 1.01 percent to 23,652.44.

    The gold price was in focus this week as it climbed to a new record high Wednesday (September 3) on expectations of a September rate cut by the Federal Reserve and news on August 29 that a Federal Appellate court had struck down the majority of Donald Trump’s reciprocal tariffs. Gold ended the week up 4.03 percent at US$3,586.27 per ounce after the lackluster jobs report pushed gold above Wednesday’s highs.

    Silver had a similarly explosive week, climbing past US$40 for the first time since 2011 and moving as high as US$41.38 on Wednesday. The precious metal finished Friday with a 3.32 percent weekly gain at US$41.07 per ounce.

    On the other hand, copper was off this week, shedding 0.87 percent to US$4.54 per pound. The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) posted a decrease of 1.17 percent by close on Friday, finishing at 543.28.

    Top Canadian mining stocks this week

    How did mining stocks perform against this backdrop?

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

    Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

    1. Carlton Precious (TSXV:CPI)

    Weekly gain: 77.78 percent
    Market cap: C$17.74 million
    Share price: C$0.24

    Carlton Precious is a mineral exploration company focused on a portfolio of precious metals projects in the Americas and Australia.

    Its flagship Esquilache silver project, located in Peru, consists of two mining concessions covering an area of 1,600 hectares. Unsubstantiated records from the property indicate historic mining produced 10 million ounces of silver between 1950 and 1962. Exposed structures on the property show mineralization of silver, lead, zinc, copper and gold.

    On March 19, Carlton reported assay results from a 2024 surface channel sampling program, with grades peaking at 13.45 grams per metric ton (g/t) gold and 1,018 g/t silver.

    The company’s most recent announcement came on July 14, when Carlton signed an agreement with the community of San Antonio de Esquilache for the project allowing for further exploration at the property. Carlton added that its staff has designed a program of up to 40 drill holes that it expects to commence in fall 2025.

    In its September 2025 investor presentation, the company stated it is submitting its drill permit applications.

    2. Quantum Critical Metals (TSXV:LEAP)

    Weekly gain: 73.68 percent
    Market cap: C$17.31 million
    Share price: C$0.165

    Formerly Durango Resources, Quantum Critical Metals is a polymetallic exploration company developing a portfolio of projects in Québec and British Columbia, Canada.

    Its flagship NMX East critical metals project is in the Eeyou Istchee James Bay region of Québec and lies adjacent to Nemaska Lithium’s Whabouchi mine. According to the project page, the company has drilled four holes at the property, producing a highlighted assay of 107.68 meters from surface containing average grades of 38.85 g/t gallium, 701.03 g/t rubidium, 24.98 g/t cesium and 3.61 g/t thallium.

    Quantum Critical Metals has also been working to advance its Victory antimony project in Haida Gwaii, British Columbia. The site was initially discovered in the 1980s and hosts mineralization of arsenic, antimony and mercury. On August 25, the company announced it submitted an application to expand the property to 1,444 hectares.

    The company’s most recent news came on Thursday (September 4), when it identified mica as a key carrier of critical minerals at its NMX project. Quantum selected samples from the 107 meter interval mentioned above, and the samples with the highest mica content returning significantly higher grades of critical metals, including gallium, rubidium, lithium and niobium.

    Quantum has now sent the samples for further testing. If the testing confirms the results, stated the discovery will allow for easier removal of these elements from the rock, as the company can first isolate the mica.

    3. Electric Metals (TSXV:EML)

    Weekly gain: 66.67 percent
    Market cap: C$79.98 million
    Share price: C$0.45

    Electric Metals is a mineral development company focused on advancing its flagship North Star manganese project in Minnesota, US. According to the company, the asset is North America’s highest-grade manganese resource. It plans to produce high-purity manganese sulphate monohydrate for lithium-ion batteries.

    On August 26, Electric Metals released its preliminary economic assessment (PEA) for North Star. The assessment demonstrated a base-case after-tax net present value of US$1.39 billion, with an internal rate of return of 43.5 percent and a payback period of 23 months.

    The report also included an updated mineral resource estimate with an indicated resource of 7.6 million metric tons of ore grading 19.07 percent manganese, 22.33 percent iron and 30.94 percent silicon, and an inferred resource of 3.73 million metric tons of ore grading 17.04 percent manganese, 19.04 percent iron and 30.03 percent silicon.

    Momentum from the PEA release landed Electric Metals on this list of top performers last week, and its shares climbed even higher this week after the company announced the results of its annual and special shareholder meeting.

    Shareholders approved all resolutions, including two related to Electric Metals’ plan to redomicile its business in Delaware, US. The first is continuance from the Canada Business Corporations Act to the Business Corporations Act of British Columbia. Shareholders also voted to authorize a continuance of the company to the Delaware General Corporation Law, with the condition of a successful corporate move to BC.

    Electric Metals CEO Brian Savage said the change is intended to align its corporate home with the company’s mission to build a fully domestic US supply of manganese.

    4. Valhalla Metals (TSXV:VMXX)

    Weekly gain: 66.67 percent
    Market cap: C$11.53 million
    Share price: C$0.15

    Valhalla Metals is a polymetallic exploration company working to advance a pair of projects in Alaska’s Ambler Mining District. Its Sun project consists of 392 claims that cover an area of 25,382 hectares.

    A May 2022 technical report states that the indicated mineral resource for the project is 1.71 million metric tons of ore containing 162.96 million pounds of zinc, 55.85 million pounds of copper, 42.04 million pounds of lead, 3.3 million ounces of silver and 12,000 ounces of gold.

    It also reported an inferred resource of 9.02 million metric tons containing 831.33 million pounds of zinc, 239.64 million pounds of copper, 290.26 million pounds of lead, 23.68 million ounces of silver and 73,000 ounces of gold.

    The project is largely dependent on the construction of the 211 mile Ambler Access Road, which Donald Trump approved in his first term as president. Joe Biden rescinded the federal permit in 2024 due to environmental concerns.

    Shares in Valhalla gained momentum this week after Congress voted 215 to 210 on Wednesday to move ahead with the project. It’s expected that the Senate will follow suit when it votes on the resolution in the next few weeks.

    5. Orosur Mining (TSXV:OMI)

    Weekly gain: 65.31 percent
    Market cap: C$108.97 million
    Share price: C$0.405

    Orosur Mining is an exploration company focused on the development of early to advanced-stage assets in South America.

    Exploration has revealed multiple gold deposits at its flagship Anzá gold project in Colombia, which is located 50 kilometers west of Medellin and sits along Colombia’s primary gold belt.

    Orosur acquired the project, previously a 49/51 joint venture between Newmont and Agnico Eagle, in November 2024.

    Since that time, the company has been working to explore the property and has made several announcements regarding its exploration efforts. The most recent came on August 26, when it reported highlights from infill drilling being carried out at the property, including one hole with 6.13 g/t gold over 71.85 meters from near surface at the Pepas gold prospect.

    Orosur also owns several early-stage projects, the El Pantano gold-silver project in Argentina, the Lithium West project in Nigeria and the Ariquemes project in Brazil, which is prospective for tin, niobium and rare earths.

    On Monday (September 1), Orosur reported that in August, it had issued 3.28 million new common shares for a total consideration of US$174,711.67 following its exercise of the same number of warrants. It also stated that 31.51 million warrants remained outstanding.

    FAQs for Canadian mining stocks

    What is the difference between the TSX and TSXV?

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

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

    As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

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

    How much does it cost to list on the TSXV?

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

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

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

    How do you trade on the TSXV?

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

    Article by Dean Belder; FAQs by Lauren Kelly.

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

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

    This post appeared first on investingnews.com

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    Lode Gold Closes $1.51 Million Upsized Private Placement

    Investing 8 Mins Read

    Lode Gold Resources Inc. (TSXV: LOD,OTC:LODFF) (OTCQB: LODFF) (‘Lode Gold’ or the ‘Company’) is pleased to announce that it has now closed its previously announced non-brokered private placement offering for $1.0 million (the ‘Offering’). In three tranches, the Company raised total gross proceeds of $1,513,768 through the issuance of 8,409,825 units of the Company (‘Unit’) at a price of $0.18 per Unit, (see related Company news first tranche, second tranche, and final tranche).

    Each Unit consists of one common share of the Company (‘Common Share’) and one common share purchase warrant (‘Warrant’). Each Warrant shall entitle the holder to purchase one Common Share at an exercise price of $0.35 per share for a period of 36 months following the date of closing. The Company may accelerate the Warrant expiry date if the Company’s shares trade at $0.65 or more for a period of 10 days, including days where no trading occurs.

    In conjunction with the private placement finder’s fees of $16,039 will be paid in cash and 89,100 Finders’ Warrants will be issued. Each Finders’ Warrant shall entitle the holder to purchase one Common Share of the Company at an exercise price of $0.35 per share for a period of 36 months following the date of closing.

    Insiders of the Company subscribed to 1,022,111 Units of the private placement.

    All securities issued pursuant to this private placement, including common shares underlying the Warrants, are subject to a statutory hold period which expires 4 months from the date of closing.

    The completion of the private placement remains subject to the final acceptance of the TSX Venture Exchange.

    The proceeds raised from the Offering will go toward execution of the business plans for Lode Gold and its subsidiary, Gold Orogen (1475039 B.C. Ltd.).

    Management Changes
    Winfield Ding has resigned as the CFO with immediate effect. The Company has initiated a search for a new CFO and has identified several potential candidates for the position. Wayne Moorhouse has agreed to act as the Company’s Acting CFO. Wayne has a wealth of senior company management experience including holding the position of CFO for Roxgold Inc. (TSXV), Midnight Sun Mining Corp. (TSXV), Genco Resources Inc. (TMX), Bluestar Gold (TSXV), and other private and public companies.

    Construction Loan Extension
    The Company has entered into an amending agreement with Romspen Investment Corporation (the ‘Lender’) to extend the maturity date of a construction loan agreement. The new maturity date of the loan is October 31, 2025. In consideration for extending the maturity date of the loan, the Company will pay the Lender $200,000 of interest owing consisting of $100,000 to be paid in cash and $100,000 to be paid in shares subject to final approval of the TSX Venture Exchange.

    Legal Update
    As part of the 2024 Restructuring and Growth Plans, a senior secured debt holder, aligned with the Company’s new strategic direction, converted to become one of the largest shareholders, exceeding 19.9%. The former CEO resigned, citing change of control as the reason and proceeded to make a severance compensation claim. The Company disagreed that compensation is due as this debt holder is an existing key shareholder and a Director of the Board. A claim was filed and the court ruled in favor of the claimant for a payment of $222,469. The outcome will have no material impact on the Company’s 2025 financial results as this amount had been accrued in the Company’s accounting records in a prior period.

    About Lode Gold

    Lode Gold (TSXV: LOD,OTC:LODFF) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

    In Canada Lode Gold holds assets in the Yukon and New Brunswick. Lode Gold’s Yukon assets are located on the southern portion of the prolific Tombstone Belt and cover approximately 99.5 km2 across a 27 km strike. Over 4,500 m have been drilled on the Yukon assets with confirmed gold endowment and economic drill intercepts over 50 m. There are four reduced-intrusive targets (RIRGS), in addition to sedimentary-hosted orogenic exploration gold.

    In New Brunswick, Lode Gold, through its subsidiary 1475039 B.C. Ltd., has created one of the largest land packages in the province with its Acadian Gold Joint Venture, consisting of an area that spans 445 km2 with a 44 km strike. It has confirmed gold endowment with mineralized rhyolites.

    In the United States, the Company is focused on its advanced exploration and development asset, the Fremont Mine in Mariposa, California. It has a recent 2025 NI 43-101 report and compliant MRE that can be accessed here https://lode-gold.com/project/freemont-gold-usa/

    Fremont was previously mined until gold mining prohibition in WWII, when its mining license was suspended. Only 8% of the resource identified in the 2025 MRE has been extracted. This asset has exploration upside and is open at depth (three step-out holes at 1,300 m hit structure and were mineralized) and on strike. This is a brownfield project with over 43,000 m drilled, 23 km of underground workings and 14 adits. The project has excellent infrastructure with close access to electricity, water, state highways, railhead and port.

    The Company recently completed an internal scoping study evaluating the potential to resume operations at Fremont based on 100% underground mining. Previously, in March 2023, the Company completed a Preliminary Economic Assessment (‘PEA’) in accordance with NI 43-101 which evaluated a mix of open pit and underground mining. The PEA and other technical reports prepared on the Company’s properties are available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and the Company’s website (www.lode-gold.com)

    ON BEHALF OF THE COMPANY
    Wendy T. Chan
    CEO & Director

    Information Contact:

    Wendy T. Chan
    CEO
    info@lode-gold.com
    +1-(604)-977-GOLD (4653)

    Kevin Shum
    Investor Relations
    kevin@lode-gold.com
    +1 (604) -977-GOLD (4653)

    Cautionary Statement Regarding Forward-Looking Information

    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.

    This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and targets. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

    Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: the status of community relations and the security situation on site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company’s interpretation of drill results; the geology, grade and continuity of the Company’s mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; currency fluctuations; and impact of the COVID-19 pandemic.

    There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include a deterioration of security on site or actions by the local community that inhibits access and/or the ability to productively work on site, actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading ‘Risks and Uncertainties’ in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265413

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com

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    Editor’s Picks: Gold Sets New Price Record, Silver Hits 14 Year High

    Investing 4 Mins Read

    It’s been a historic week for precious metals, with gold nearly hitting the US$3,600 per ounce mark, and silver passing US$41 per ounce for the first time since 2011.

    The gold price spent the summer in a consolidation phase, and part of what’s spurring its latest move is expectations that the US Federal Reserve will lower interest rates at its next meeting.

    The central bank has held rates steady since December 2024, even as President Donald Trump places increasing pressure on Fed Chair Jerome Powell to cut.

    Powell’s August 22 speech in Jackson Hole, Wyoming, began stoking anticipation of a cut, and August US jobs data, released on Friday (September 5), has all but guaranteed it will happen.

    Non-farm payrolls were up by 22,000, significantly lower than the 75,000 expected by economists. Meanwhile, the country’s unemployment rate came in at 4.3 percent.

    CME Group’s (NASDAQ:CME) FedWatch tool now shows a 90.2 percent probability of a 25 basis point rate cut in September, with a 9.8 percent probability of a 50 basis point reduction.

    Bond market turmoil also helped move the gold price this week.

    Yields for 30 year US bonds rose to nearly 5 percent midway through the period, their highest level since mid-July, on the back of a variety of concerns, including tariffs, inflation and Fed independence.

    Globally the situation was even more tumultuous, with 30 year UK bond yields reaching their highest point since 1998; meanwhile, 30 year bond yields for German, French and Dutch bonds rose to levels not seen since 2011. In Japan, 30 year bond yields hit a record high.

    Tariff developments have also created uncertainty this past week.

    After an appeals court upheld a ruling that many of Trump’s tariffs are illegal, the president’s administration asked the Supreme Court to fast track its review of the decision.

    Going back to gold and silver, their recent price activity is certainly raising questions about what’s next. The broad consensus among the experts focused on the sector is positive, but the metals are beginning to get more mainstream attention too.

    Notably, investment bank Goldman Sachs (NYSE:GS) now has a gold price prediction of US$4,000 by mid-2026, although the firm notes that the yellow metal could rise to nearly US$5,000 if just 1 percent of private investors shift from treasuries to gold.

    ‘If 1 per cent of the privately owned US Treasury market were to flow to gold, the gold price would rise to nearly $5,000 per troy ounce’ — Daan Struyven, Goldman Sachs

    Bullet briefing — Hoffman on gold, Hathaway on silver

    It’s been a short week, at least in North America, so instead of the usual news stories this bullet briefing will highlight a couple of my favorite recent interviews.

    Nothing in gold’s path

    First is Ken Hoffman of Red Cloud Securities. It was my first time speaking with Hoffman, and he made a compelling case for how gold could get to US$10,000.

    Watch the full interview with Hoffman above.

    Silver a ‘smouldering volcano’

    Next is John Hathaway of Sprott. He shared what he thinks will be the trigger for gold’s next move higher — a major decline in equities — but he also discussed his bullish outlook on silver, which moved past US$40 not long after our interview.

    Watch the full interview with Hathaway above.

    We’re definitely entering uncharted territory right now, and I want to make sure I bring you commentary from the experts you want to hear from — drop a comment below to let me know who you’d like me to talk to, and also what questions you have.

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

    This post appeared first on investingnews.com

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    Loyal Ex-Biden aide says fateful debate against Trump was ‘overblown’ in closed-door House grilling

    Politics 3 Mins Read

    One of former President Joe Biden’s top spokespeople dismissed the fallout from the former president’s disastrous June 2024 debate performance during a closed-door interview with the House Oversight Committee that lasted over five hours.

    Andrew Bates, who served as White House senior deputy press secretary and worked in Biden’s communications shop for nearly his entire term, said reactions to Biden’s debate against then-candidate Donald Trump were ‘overblown,’ according to a source familiar with his interview.

    Bates ‘ultimately agreed with President Biden’s decision to drop out’ after viewing polling data the week Biden made his choice to drop his re-election bid, the source said.

    A source close to Bates, however, said after he had time to process the then-president’s decision and a turn in public polling during the final week of Biden’s candidacy, he agreed Biden had made the right decision to withdraw.

    He dismissed concerns about Biden’s age as a ‘polling problem,’ however, and wrote off Americans’ concerns about his age and abilities as the product of mainstream media and right-wing critics, according to the first source – similar to previous Biden allies in their closed-door interviews.

    The former spokesman also described relatively infrequent interactions with Biden and allegedly said Biden only met with his press team a few times in a year.

    ‘He would see President Biden in person a little over once a month, but this could be anything from travel, going with him to the Hill or just seeing him in the hallway,’ the first source said.

    But a former Biden White House staffer argued that the press secretary and the communications director were the default representatives of the press and communications team for daily meetings with the president.

    Bates also allegedly told investigators he supported the sweeping, and controversial, pardon granted to Hunter Biden toward the end of the president’s term. 

    The second source, however, said Bates told investigators that Biden conducted himself ‘honorably’ when asked whether any of his actions were done to benefit his son’s business dealings.

    That pardon and the hundreds of other clemency orders signed by Biden are of particular interest to the House Oversight Committee.

    Oversight Committee Republicans are investigating whether Biden’s top White House allies covered up signs of mental decline in the former president, and by extension, are looking into whether executive actions signed by autopen were executed with Biden’s full awareness and approval.

    Biden himself told the New York Times recently that he made every clemency decision on his own.

    His allies have also blasted the GOP-led probe as a partisan exercise.

    During his opening statement, obtained by Fox News Digital, Bates defended Biden’s fitness for office while criticizing Trump’s own actions as president.

    ‘I was proud to support Joe Biden as President because we believe in the same values. In the White House, it was universally understood that Joe Biden was in charge. That is completely consistent with my personal experience with the President,’ Bates told House investigators, according to another source.

    A House Oversight Committee spokesperson blasted Bates as ‘delusional’ and accused his opening statement of leaking to media before he read it in the room.

    Fox News Digital reached out to Bates via his public relations firm Wolfpack Strategies, as well as his counsel, for further comment.

    This post appeared first on FOX NEWS

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    Trump signs order renaming Pentagon back to ‘Department of War’

    Politics 3 Mins Read

    President Donald Trump on Friday signed his 200th executive order which authorized the Department of Defense to revert its name back to the ‘Department of War.’

    Speaking from the Oval Office, Trump said the new name ‘sends a message of victory, a message of strength’ to the world.

    ‘It has to do with winning,’ the president went on. ‘We should have won every war. We could have won every war. But we really chose to be very politically correct or woke.’

    ‘We won the First World War, we won the Second World War, we won everything before that and in between. And then we decided to go woke and we changed the name to the Department of Defense. So, we’re going Department of War,’ he added.

    Trump said the name is ‘a much more appropriate name, especially in light of where the world is right now.’

    ‘We have the strongest military in the world. We have the greatest equipment in the world. We have the greatest men. New factories of equipment, by far. There’s nobody to even compete,’ he said.

    Turning to Defense Secretary Pete Hegseth, Trump said while smiling, ‘I’d like to ask our, secretary of war, to say a few words.’

    Hegseth thanked Trump for signing the order, saying, the name change restores the ‘warrior ethos’ to America’s military.

    ‘After winning a War for Independence in 1789, George Washington established the War Department and Henry Knox was his first secretary of war. And this country won every major war after that … 150 years after that, we changed the name after World War Two from the Department of War to the Department of Defense in 1947 and as you pointed out, Mr. President, we haven’t won a major war since,’ said Hegseth.

     ‘This name change is not just about renaming, it’s about restoring,’ said the secretary. ‘Words matter. It’s restoring, as you’ve gotten us to, Mr. President, restoring the warrior ethos, restoring victory and clarity as an end state, restoring intentionality to the use of force.’  

    Hegseth pledged the War Department ‘is going to fight decisively, not endless conflicts. It’s going to fight to win, not to lose. We’re going to go on offense, not just on defense. Maximum lethality, not tepid legality. Violent effect, not politically correct,’ he said, adding, ‘We’re going to raise up warriors, not just defenders. So, this War Department, Mr. President, just like America is back.’

    The executive order calls for using the Department of War as a secondary title for the Department of Defense, along with phrases like ‘secretary of war’ for Hegseth, according to a White House fact sheet previously shared with Fox News Digital. 

    It’s unclear if Congress, which has the authority to establish federal executive departments, will need to step in to issue final approval on the move. However, Trump expressed confidence the name will stick, saying, ‘We’re going with it, and we’re going with it very strongly … but we’ll put it before Congress.’

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

    This post appeared first on FOX NEWS

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    Trump endorses Hinson in 2026 race to keep key Senate seat red

    Politics 7 Mins Read

    President Donald Trump on Friday endorsed Republican Rep. Ashley Hinson as she runs to succeed retiring GOP Sen. Joni Ernst in Iowa.

    Hinson — a former TV news anchor who is in her third term representing Iowa’s 2nd Congressional District, which covers the northeastern portion of the state — showcased her support for Trump as she launched her Senate campaign on Tuesday.

    ‘I’m running to be President Trump’s top ally in the United States Senate,’ she said. And in a Fox News Digital interview this week, Hinson highlighted that she’s ‘proud to stand’ with Trump.

    Trump, in a social media post, said, ‘I know Ashley well, and she is a WINNER!’ 

    ‘I know Ashley well, and she is a WINNER! A Loving Wife and Proud Mother of two sons, Ashley is a wonderful person, has ALWAYS delivered for Iowa, and will continue doing so in the United States Senate,’ the president said. 

    ‘Ashley Hinson will be an outstanding Senator, and has my Complete and Total Endorsement – SHE WILL NOT LET YOU DOWN!’

    Trump’s support followed earlier endorsements from Senate Majority Leader Sen. John Thune and the National Republican Senatorial Committee (NRSC), which is the Senate GOP’s campaign arm.

    ‘We need conservative fighters in the Senate — and that’s exactly what we’ll get with Ashley Hinson,’ Thune wrote early Friday as he endorsed Hinson.

    And NRSC chair Sen. Tim Scott of South Carolina said, ‘Having traveled Iowa with Ashley, I know she is the fighter the Hawkeye State needs to deliver President Trump’s agenda in 2026 and beyond.’

    Hinson doesn’t have the GOP primary field to herself. Former state Sen. Jim Carlin and veteran Joshua Smith had already entered the primary ahead of Ernst’s announcement.

    But the support from Trump, Thune, and the NRSC will further boost Hinson, who was already considered the frontrunner for the nomination, and will likely dissuade any others from entering the primary. The president’s clout over the GOP is immense, and his endorsement in a Republican primary is extremely influential.

    Hinson’s campaign launch came a few hours after Ernst, in a social media video, officially announced that she wouldn’t seek re-election in next year’s midterms.

    ‘After a tremendous amount of prayer and reflection, I will not be seeking re-election in 2026,’ the 55-year-old Ernst, who was first elected to the Senate in 2014, said in a video posted to social media.

    Ernst, a retired Army Reserve and Iowa National Guard officer who served in the Iraq War, had been wrestling for months over whether to run for re-election in 2026. And in her video, she said, ‘This was no easy decision.’

    Ernst first grabbed national attention 11 years ago with her ‘make ’em squeal’ ads as she won the high-profile Senate election in Iowa in the race to succeed retiring longtime Democratic Sen. Tom Harkin.

    And Ernst highlighted in her video that ’11 years ago, Iowans elected me as the first female combat veteran to the U.S. Senate, and they did so with a mission in mind – to make Washington squeal. And I’m proud to say we have delivered. We’ve cut waste, fraud, and abuse across the federal government.’

    Hinson, in a social media post, thanked Ernst for her ‘incredible service to our state and nation’ as well as for her friendship. ‘Iowa is better off thanks to your selfless service,’ she said.

    In an Iowa radio interview on Tuesday, she said that among her priorities as she runs for the Senate are ‘secure borders, keeping men out of girls’ sports, cutting taxes for our working families, standing up for Iowa agriculture and helping our young Iowans who are trying to buy a house and start a family.’

    Hinson also pledged to campaign across all 99 of Iowa’s counties, starting with a kick-off event on Friday.

    And as she entered the race, Hinson was endorsed by Republican Sens. Jim Banks of Indiana, Katie Britt of Alabama, and Markwayne Mullin of Oklahoma.

    House Majority Leader Rep. Steve Scalise, Majority Whip Rep. Tom Emmer, House Republican Leadership Chair Rep. Elise Stefanik and Iowa House Majority Leader Bobby Kaufmann also backed Hinson.

    Democratic Senatorial Campaign Committee (DSCC) communications director Maeve Coyle, following Hinson’s announcement, argued that ‘Republicans failed to convince Joni Ernst to run for reelection, and now they may be stuck with Ashley Hinson, who has repeatedly voted to raise costs and make life harder for Iowans by voting to slash Medicaid, cheering on the chaotic tariffs that threaten Iowa’s economy, voting against measures to lower the cost of insulin, and threatening Social Security.’

    Responding, Hinson told Fox News Digital, ‘I think they’re misinformed at best.’

    And she charged that ‘when I hear the lies and the fearmongering coming out of the left, it’s to only cover up for the fact that they have no message and no real leader other than Bernie and AOC and now Mamdani in New York,’ as she referred to Sen. Bernie Sanders of Vermont, Rep. Alexandria Ocasio-Cortez of New York and New York City Democratic mayoral nominee Zohran Mamdani.

    ‘If that’s the direction they want to take our country, I think Iowans are going to reject that wholeheartedly,’ she predicted.

    Iowa was once a top battleground state that former President Barack Obama carried in his 2008 and 2012 White House victories. But the state has shifted to the right in recent election cycles, with President Donald Trump carrying the state by nine points in 2016, eight points in 2020, and by 13 points last November.

    Republicans currently hold both of the state’s U.S. Senate seats – Ernst and longtime Sen. Chuck Grassley – and all four of Iowa’s congressional districts, as well as all statewide offices except for state auditor, which is held by Democrat Rob Sand, who’s running for governor next year.

    But Democrats in Iowa are energized after flipping two GOP-held state Senate seats in special elections so far this year.

    Five Democrats are already running for Senate in Iowa. The field includes state Rep. Josh Turek, a Paralympian wheelchair basketball player, state Sen. Zach Wahls, Knoxville Chamber of Commerce executive director Nathan Sage and Des Moines School Board Chair Jackie Norris.

    ‘An open seat in Iowa is just the latest example of Democrats expanding the senatorial map,’ Lauren French, spokesperson for the Democrat-aligned Senate Majority PAC, said in a statement.

    But Sen. Tim Scott of South Carolina, the chair of the National Republican Senatorial Committee (NRSC), said in a statement, ‘The NRSC is confident Iowans will elect a Republican to continue fighting for them and championing President Trump’s agenda in 2026.’

    Republicans are aiming to not only defend, but expand, the current 53-47 Senate majority in next year’s elections.

    Senate Republicans enjoyed a favorable map in the 2024 cycle as they flipped four seats from blue to red to win back the majority.

    But the party in power – the Republicans – traditionally faces political headwinds in the midterm elections. Nevertheless, a current read of the 2026 map indicates the GOP may be able to go on offense in some key states.

    In battleground Georgia, which Trump narrowly carried in last year’s White House race, Republicans view first-term Sen. Jon Ossoff as the most vulnerable Democrat incumbent up for re-election next year.

    They’re also targeting battleground Michigan, where Democratic Sen. Gary Peters is retiring at the end of next year, and swing state New Hampshire, where longtime Democratic Sen. Jeanne Shaheen decided against seeking a fourth six-year term in the Senate.

    Also on the NRSC’s target list is blue-leaning Minnesota, where Democratic Sen. Tina Smith isn’t running for re-election.

    But the GOP is defending an open seat in battleground North Carolina, where Republican Sen. Thom Tills decided against seeking re-election. And Republicans will likely be forced to spend resources to defend Sen. Jon Husted of Ohio – who was appointed to succeed former senator and now-Vice President JD Vance – as he faces off next year against former Democratic Sen. Sherrod Brown.

    Meanwhile, Democrats are also targeting moderate Sen. Susan Collins – who has yet to announce her expected 2026 re-election — in blue-leaning Maine. 

    This post appeared first on FOX NEWS

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    A closer look at Air Force One and the executive fleet

    Politics 5 Mins Read

    President Donald Trump has his sights on a new version of Air Force One as delays and cost overruns continue to plague Boeing’s long-awaited presidential aircraft replacements.

    The most recent data from 2020 says at least 20 planes make up the executive fleet. A newly constructed plane has not been added in nearly 27 years. Some of the ones currently in service are expected to stay flying for another 13 years.

    ‘They’re not building the plane fast enough. I mean, they’re actually in default,’ Trump said about Boeing in a February interview with Sean Hannity.

    Air Force One is used to designate any Air Force aircraft carrying the commander in chief. There are currently two highly customized Boeing aircraft that were deployed in 1990 when George H.W. Bush was president. The planes have since carried Presidents Bill Clinton, George W. Bush, Barack Obama, Trump, Joe Biden and now Trump once again.

    ‘I miss Air Force One,’ Bush said at an event for Veterans in 2014. ‘In eight years, they never lost my baggage.’

    The two forthcoming Boeing planes have been plagued by delays due to the complex technology needed onboard Air Force One.

    ‘They’ve got to debug it, make sure there’s no signals intelligence risks. And I think just to make it secure against any potential military attacks. It was ironic for a long time. It was one of the Prince’s planes, which I think they were trying to sell. And now they’re giving it to the U.S., and it’s costing quite a bit to update,’ staff writer for the Free Press Jay Solomon said.

    The Qatari jet is estimated to have a faster timeline than the two Boeing planes, but it still needs some of the same technology to make it Air Force One.

    ‘If you look at it just through economics, maybe it makes sense, but I still think the fact that we’re allowing a foreign country to gift something of that magnitude to a sitting president on top of all these other concerns,’ Soloman said. ‘I think it’s a risk, and it’s not a good look.’

    Air Force One is required to have four engines, unlike most of today’s passenger planes which have two. Onboard is the highest level of classified communications and external protections against foreign surveillance. The planes are equipped with air-to-air refueling capabilities so they can fly for as long as is needed. Air Force One is built for the worst possible scenarios, like nuclear war, so that the president can still command military forces from the sky.

    ‘They’re extremely complex, and I’m not going to go into it, but they’re not like a normal plane. You know, it’s not like building a 747 normal,’ Trump said during his Middle East Trip on ‘Special Report’ in May.

    Air Force officials say it is possible to add some of the security features to the Qatari jet, but it’s unlikely to have the full suite of technology by Trump’s February timeline.

    ‘Initially it was supposed to be like, maybe he’ll get it done by the end of his presidency,’ Solomon said.

    Four modified Boeing 757s or C-32As are the newest planes in the executive fleet. Those were added in 1998 and 1999. The Air Force is studying potential replacement options, but the current planes will continue to fly until 2038. The aircraft are primarily used by the vice president, Cabinet members, members of Congress and other officials.

    ‘Even today and regardless of the airplane, we have to operate it differently based on the threat environment that even the current or any of the future aircraft will go into. Again, can’t talk in detail about that, but that is always a consideration,’ Air Force Secretary Troy Meink said during a June Senate Hearing. 

    Air Force One isn’t the only aging plane; much of the executive fleet is more than two decades old. The aircraft have undergone modernization modifications, but officials have questioned the timeline for major updates as several incidents have taken place over the years.

    In 2014, Obama was forced to switch planes during a campaign event in Philadelphia after a minor mechanical problem was reported on Air Force One.

    In 2021, Vice President Kamala Harris’ plane requested an emergency return to Joint Base Andrews as she began her first foreign trip overseas to Guatemala and Mexico.

    Most recently, Secretary of State Marco Rubio’s plane was forced to turn around while en route to Munich in February, after a mechanical issue.

    The newest aircraft among the executive fleet are the Marine One Helicopters. Biden first rode in the newly designed Marine One in 2024 during the Democratic National Convention. Updating those took nearly two decades and in some cases replaced helicopters flying since the 1970s.

    The Boeing 777X is expected to be the next new major commercial aircraft. It’s scheduled to enter service in 2026 after a nearly six-year delay with Lufthansa taking the first flight. The modernized plane is designed to have a folding wingtip, a touchscreen flight deck and wider cabin space.

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    MIKE DAVIS: Impeachment time for Trump-hating renegade Judge Boasberg

    Politics 5 Mins Read

    Just over a year ago, Matthew Thomas Crooks nearly blew off President Trump’s head at a rally in Butler, Pennsylvania. Only by the grace of God did Crooks’ bullets miss their target by millimeters because President Trump had turned his head ever so slightly to look at an immigration chart. Crooks did manage to murder a rallygoer and seriously wound two others before the Secret Service killed him. Just under a year ago, Ryan Wesley Routh took his shot at President Trump, establishing a sniper’s nest at the Doral golf course where he knew the president would play later that day. Routh was a hole ahead of Trump when Secret Service agents spotted him. A gun battle followed, and Routh escaped, yet he was captured 50 miles away. He now sits in jail awaiting trial before Aileen Cannon, a superb federal judge.

    While Cannon epitomizes the gold standard of the federal judiciary, Obama-appointed D.C. Chief District Judge Jeb Boasberg represents the garbage standard. Throughout the January 6 saga, Boasberg had no problem keeping defendants—even nonviolent ones—locked up before their trials, in part based on social media posts. He let off disgraced former FBI lawyer Kevin Clinesmith with probation after Clinesmith had altered an email to secure a surveillance warrant against former Trump campaign official Carter Page. Boasberg claimed that Clinesmith would receive punishment from the disciplinary authorities (the D.C. Bar) in the form of possible disbarment; yet, Clinesmith kept his license. Then, Boasberg made clear early in the second Trump administration that he was itching for a fight, expressing his baseless concern to Chief Justice John Roberts that President Trump and his subordinates would violate court orders.

    This March, Boasberg instigated the fight he had longed for when he illegally ordered planes full of Tren de Aragua terrorists and vicious MS-13 gang members to turn around after they had departed for Honduras and El Salvador. This was an ongoing military operation. The planes would have been in danger trying to fly back over the Gulf of America with minimal fuel. Additionally, there were not the appropriate security resources in place in the United States to deal with the return of hundreds of foreign terrorists and violent gang members, unlike the situation in El Salvador and Honduras where the proper resources were in place. The planes did not turn around, and Boasberg ‘found’ probable cause to hold administration officials in contempt. A D.C. Circuit panel reversed; yet, Boasberg, undaunted by the smackdown he had received, mused at a hearing about disciplinary proceedings against Trump Justice Department lawyers before the jurisdictions in which they hold law licenses.

    This past week, Boasberg has outdone himself. Nathalie Rose Jones is a nutcase from Indiana who is staying in New York City. She thinks that President Trump is a Nazi and a terrorist, and she blames him for the deaths caused by the coronavirus. Earlier this month, Jones posted on Facebook that ‘I am willing to sacrificially kill this POTUS by disemboweling him and cutting out his trachea with [former] U.S. Representative] Liz Cheney and all the affirmation present.’ Jones then told the Secret Service that she would kill President Trump at ‘the compound’ (presumably the White House) if she had to and that she had a bladed object to accomplish her ghastly goal. The next day, law enforcement arrested Jones at a protest that had begun at Dupont Circle and wound up near the White House.

    A magistrate judge correctly ordered Jones detained without bail. It is hard to imagine a clearer case of someone who poses a danger, but Jones found an ally: Boasberg. He decided to send Jones back to New York with an ankle bracelet, and he ordered her to see a shrink. Boasberg found the case hard because Jones had not brought a gun. Never mind that Jones had referred to a bladed object that she had somewhere ready to kill President Trump. Never mind that guns are easy to procure, even for convicted felons who are prohibited from possessing them by federal law. Never mind that Jones could have returned to the White House at any time after the day that she showed up without a gun. Francisco Martin Duran, a former Army sergeant, gave no warnings before he showed up at the White House early in President Clinton’s first term and fired off dozens of shots outside the gate. These maniacs often strike without warning, as Crooks and Routh also did. Jones has telegraphed what she wants to do to President Trump, and still it is not enough for Boasberg.

    Boasberg has established a pattern of utterly horrific judgment. After his illegal order in March, Congressman Brandon Gill of Texas filed an article of impeachment. It is time to move forward with that article—and add to it based on the Jones farce, as well as the revelation of Boasberg’s grossly improper comments to Chief Justice Roberts. President Trump is only alive thanks to divine intervention; a millimeter and a millisecond could have changed the course of history.

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    Reckless robed partisans like Boasberg, however, do not appear to care about the danger the president faces.

    Trump-deranged judge refuse to accept that he won the election, and they have put up roadblock after roadblock in an appalling effort to overturn the will of American voters. The disgrace of the Jones case is just the latest example. The time has come for the House to exercise its core Article I power and use a legal tool to curtail these judges: impeachment.

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