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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company specializing in the discovery of critical minerals, is pleased to announce the addition of 97 new claims covering 2,425 hectares, increasing the total area of the Radar Ti-V-Fe Project to 24,175 hectares.

The Company’s 100%-owned Radar Property is strategically located just 10 kilometres from the coastal city of Cartwright, Labrador. The location offers excellent infrastructure advantages, including:

  • Road access
  • Deep-water port on the Atlantic Ocean
  • Cartwright Airport
  • Proximity to hydroelectric power

With the recent expansion, the Radar Property now fully encompasses the Dykes River intrusive complex, a recently identified Mesoproterozoic layered mafic intrusion (Gower, 2017). The complex has garnered significant interest due to its geological resemblance to large AMCG-type intrusions and the presence of an extensive titanium-vanadium-iron (Ti-V-Fe) enriched layer containing vanadiferous titanomagnetite (‘VTM’).

Regional airborne magnetic surveys highlighted the mafic oxide layer, revealing an arcuate exploration target extending over 20 kilometers in length.

Michael Garagan, CGO & Director of SAGA commented: ‘To lay claim to the entire Dykes River Intrusion is an important milestone for SAGA and its shareholders. Throughout history, many of these mineralized geological settings have been shared amongst multiple companies vying to advance their projects. It’s a unique and significant opportunity to hold the entire 160 square km intrusion mapped at the surface and benefits from tremendous infrastructure. The claim acquisition consolidates the entire intrusion and allows the company to delegate zones for both additional infrastructure and further exploration. We’ve only just begun uncovering the true potential and extent of the oxide layering hosted within the intrusion.’

Figure 1: Map of the Radar project highlighting the oxide layering, road access, and proximity to the town of Cartwright, Labrador. SAGA’s 2024 field programs now confirm compilation of historical airborne geophysics.

Saga Metals Confirms Geological Success with Drilling:

The Company recently reported assays from the first two of seven holes drilled on the Hawkeye zone of the Radar Ti-V-Fe property. Please click here to review the full press release on drill holes #1 and #4. Highlights are listed below.

Highlights:

  • Drilled 2,200m confidently testing targets down to a depth of 200 meters, covering a 500-meter by 350-meter target panel.
  • Winter program analytical results have been obtained for the first two diamond drill holes.
  • Petrographic analysis and the new assays confirm that the main economic mineral is a vanadiferous titanomagnetite (‘VTM’), which is prospective for simplified metallurgical processing.
  • Exceptional intercepts of VTM included 31.5m @ 25.95% Fe + 5.34% TiO 2 + 0.28% V 2 O 5 in HEZ-01 and 50m @ 24.49% Fe + 4.74% TiO 2 + 0.305 % V 2 O 5 in HEZ-04.
  • Massive high-grade VTM samples including HEZ-01 with 0.3m @ 39.5% Fe + 9.4% TiO 2 + 0.339% V 2 O 5 and HEZ-01 with 0.5m @ 43.0% Fe + 9% TiO 2 + 0.512% V 2 O 5 .
  • Drilling intercepts average 20-40% VTM, and particular massive layers exceed 60% VTM.
  • Drilling to vertical depths of 200 meters confirms magnetic anomalies identified by geophysics.
  • Initial drilling covers just 1/40th of the identified 20 km strike extent of the oxide layering zone in the Dykes River intrusion.

Drilling also confirmed massive to semi-massive oxide layering, hosting VTM mineralization, with significant widths up to 210 meters within the drill core. The geological context identified by Dr. Al Miller’s petrographic studies substantially advanced the understanding of Radar Property mineralization. These findings indicate that the VTM mineralization system is advantageous for simplified metallurgical processing and potentially improves economic outcomes.

Figure 2: The prospective oxide layering zone on the Radar property extends for an inferred 20km strike length, as shown on a compilation of historical airborne geophysics, which SAGA confirmed in the 2024 field programs.

Figure 3: Hawkeye Zone displays a   500m strike by 350m width magnetic anomaly drilled in the winter 2025 program. (2024 Saga Metals. TMI Magnetic Survey).

Given the success of the maiden drill program within the Hawkeye zone over a 500 m strike and the strong correlation between drill core, rock samples and geophysics (Figure 3), SAGA plans to repeat this model over the five priority targets along the 20 km strike length of the oxide layer. The geophysical anomaly drilled in the Hawkeye zone is potentially one of the lesser anomalies. Early indications from geophysics being conducted over the Trapper zone report an even stronger magnetic response.

Qualified Person

Paul J. McGuigan, P. Geo. is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of critical minerals that support the global transition to green energy. The company’s flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium.

SAGA also holds additional exploration assets in Labrador, where the company is focused on the discovery of titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:
Saga Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
Email: info@SAGAmetals.com
www.SAGAmetals.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s Radar Ti-V-Fe project. There can be no assurance that such 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, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company’s final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024, filed under its SEDAR+ profile at www.sedarplus.ca, and in the continuous disclosure filings made by the Company with securities regulations from time to time. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/e5fcaa32-0144-4ab1-8675-6311908d44c5

https://www.globenewswire.com/NewsRoom/AttachmentNg/4d825e7b-917e-4d9b-a851-f4e0bb4edee0

https://www.globenewswire.com/NewsRoom/AttachmentNg/19f0eab7-33e1-4997-b231-965227540f9a

News Provided by GlobeNewswire via QuoteMedia

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Here’s a quick recap of the crypto landscape for Wednesday (May 7) as of 9:00 p.m. UTC.

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

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$96,171.23 as markets closed, up 1.3 percent in 24 hours. The day’s range has seen a low of US$95,967.46 and a high of US$97,387.02.

Bitcoin performance, May 7, 2025.

Chart via TradingView.

Bitcoin showed signs of a bullish reversal leading up to the US Federal Reserve’s Wednesday interest rate decision. Roughly US$83.6 million in short Bitcoin positions were liquidated on Wednesday, significantly more than the US$15 million in long liquidations, indicating strong upward momentum. Bitcoin open interest has also increased by a notable percentage over the last 24 hours, adding to a nearly 30 percent increase over the last 30 days.

Analysts have noted that holding above US$95,000 will be crucial for a potential climb towards Bitcoin’s all-time high, while dropping below risked a significant fall. The next target is near US$98,000, with a longer-term target around US$100,200 if that resistance breaks. However, analysts for CryptoQuant have also pointed to significant profit-taking as a potential headwind that could interrupt this upward trend.

Ethereum (ETH) finished the trading day at US$1,797.11, a 0.6 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,792.06 and saw a daily high of US$1,831.84.

Altcoin price update

  • Solana (SOL) hit a value of US$145.86 at the end of the day, up 0.7 percent over 24 hours. SOL experienced a low of US$145.24 and a high of US$147.32
  • XRP was trading at US$2.11, reflecting a 1.2 percent decrease over 24 hours and its lowest point of the day. The cryptocurrency peaked this morning at US$2.14.
  • Sui (SUI) was priced at US$3.26, showing an increaseof 0.8 percent over the past 24 hours. It achieved a daily low of US$3.24 and a high of US$3.38.
  • Cardano (ADA) is trading at US$0.6599, down 0.6 percent over the past 24 hours. Its lowest price of the day was US$0.6580, and it reached a high of US$0.6754.

Today’s crypto news to know

New Hampshire becomes first state to launch crypto reserve

New Hampshire has officially become the first US state to greenlight a cryptocurrency reserve after Governor Kelly Ayotte signed House Bill 302 into law.

The measure authorizes the state treasurer to invest up to 5 percent of public funds in digital assets with a market cap above US$500 billion — effectively limiting the scope to Bitcoin for now.

The assets, along with precious metals, will be held either via a secure custodian or an exchange-traded product. The law goes into effect in 60 days and marks a significant milestone in state-level crypto adoption.

Unlike the federal government’s stagnant plans for a bitcoin reserve, New Hampshire is moving ahead with direct investment. Advocates hope the move will inspire similar initiatives in other states and potentially drive further institutional interest in Bitcoin.

Trump’s crypto projects spark legislative gridlock on Capitol Hill

President Donald Trump’s growing involvement in the crypto sector is intensifying partisan divisions in Congress and jeopardizing progress on digital asset legislation.

A hearing that was set to lay groundwork for crypto market regulation was abruptly cancelled after Rep. Maxine Waters voiced strong objections, citing Trump’s self-promotional crypto ventures as a conflict of interest.

Trump’s $TRUMP meme coin and his partial ownership of World Liberty Financial have drawn criticism from ethics experts and lawmakers alike. Democrats argue that advancing regulation while the former president promotes personal crypto investments creates a perception of impropriety.

Meanwhile, the administration defends the projects, stating Trump’s assets are held in a trust and pose no conflict. Nonetheless, legislative momentum on crypto has clearly slowed, with bipartisan collaboration now under strain.

Crypto gains traction in New Jersey democratic primary

Democratic gubernatorial hopefuls in New Jersey are leaning into crypto policy as a key plank of their campaigns, signaling a broader political shift.

A Bloomberg exclusive reports that leading candidates like Rep. Mikie Sherrill and Jersey City Mayor Steve Fulop have publicly endorsed integrating digital assets into state governance.

Fulop even proposes allocating part of the state’s pension fund to Bitcoin ETFs, a move he previously advanced at the city level. Rep. Josh Gottheimer, another contender, has framed crypto as a driver of economic growth and has backed federal legislation aimed at regulating the industry.

With Donald Trump having successfully capitalized on crypto enthusiasm in his reelection campaign, Democrats are recalibrating their stance to stay competitive.

The growing acceptance of digital assets among candidates suggests crypto will remain a prominent topic in the 2025 election cycle.

Pectra upgrade goes live

Ethereum’s Pectra upgrade, featuring the Prague execution layer hard fork and the Electra consensus layer upgrade, went live on the Ethereum mainnet at about 10:00 am UTC on Wednesday at the start of epoch 364032.

The three main Ethereum improvement proposals (EIPs) included are EIP-7702, EIP-7251 and EIP-7691, which aim to improve user-friendliness and efficiency.

EIP-7702 will enable externally owned accounts to function like smart contracts, handling gas fees and payments in various tokens. EIP-7251 will raise the validator staking limit to 2,048 ETH, streamlining operations for large stakers. Lastly, EIP-7691 will increase data blobs per block, enhancing layer-2 scalability and potentially lowering transaction costs.

The change comes as the growth of Ethereum’s total value locked has lagged behind that of Solana and BNB Chain this year. Artemis data reveals a net outflow of US$50.7 billion for Ethereum year-over-year, contrasting with US$8.3 billion for Base and US$5.8 billion for Solana. However, in the month leading up to the upgrade, Ethereum experienced higher inflows than both Base and Solana.

BlackRock’s Bitcoin ETF outpaces gold funds in 2025 Inflows

Despite gold outperforming bitcoin in price appreciation this year, BlackRock’s spot Bitcoin ETF (IBIT) has outshined traditional gold funds in net inflows.

Since January, IBIT has drawn nearly US$7 billion, surpassing the SPDR Gold Trust, which brought in US$6.5 billion over the same period.

The ETF’s success comes even as Bitcoin prices have lagged behind gold’s recent surge, reflecting institutional faith in digital assets’ long-term value.

Analysts say this trend underscores a shift in investor behavior, with many viewing Bitcoin as a digital complement — or even replacement — for gold.

Analysts now believe bitcoin ETFs could triple gold’s assets under management within the next five years.

Strive Asset Management to form Bitcoin treasury company

Strive Asset Management, an enterprise founded by former presidential candidate Vivek Ramaswamy, revealed plans to transition into a Bitcoin treasury company on Wednesday.

According to the announcement, the transition will be accomplished by a reverse merger with publicly traded Asset Entities (NASDAQ:ASST). The company will operate under the Strive brand, and will likely continue to trade on the Nasdaq under the ticker symbol ASST for the foreseeable future. The merged entity will leverage its combined stock value and access to public equity markets to fund further Bitcoin acquisitions.

“Strive Asset Management intends to use all available mechanisms to build a Bitcoin war chest in a minimally dilutive manner to common shareholders and build a long-term investment approach designed to outperform Bitcoin, by using Bitcoin itself as the hurdle rate for capital deployment,’ Strike said in its release.

Metaplanet increases Bitcoin holdings

Metaplanet (OTCQX:MTPLF,TSE:3350) purchased an additional 555 Bitcoin on Wednesday for US$53.4 million at an average price of US$96,134. The purchase is valued at over US$536 million at current prices.

The company now holds 5,555 BTC, purchased for US$481.5 million at an average price of US$86,672 per Bitcoin, according to CEO Simon Gerovich. The company also announced the issuance of another US$25 million in zero-coupon ordinary bonds to fund additional BTC buys.

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

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

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Lundin Mining (TSX:LUN,OTC Pink:LUNMF) has released an initial resource estimate for the Filo del Sol sulfide deposit, as well as updated resources for the Filo del Sol oxide deposit and the Josemaria deposit.

Held in a 50/50 joint venture between Lundin and BHP (ASX:BHP,NYSE:BHP,LSE:BHP), the Argentina-based assets are collectively referred to as the Vicuña resource. The new data reportedly makes Vicuña one of the world’s largest copper, gold and silver resources, and places it among the top 10 copper resources worldwide by size.

‘Filo del Sol has been one of the most significant greenfield discoveries in the last 30 years and an amazing journey for all those that have been involved,’ said Lundin Mining President and CEO Jack Lundin in a press release.

“The initial mineral resource has highlighted the potential for one of the highest grade undeveloped open pit copper projects in the world and one of the largest gold and silver resources globally.”

According to Lundin, the Vicuña resource includes:

  • 13 million metric tons (MT) of contained copper in the measured and indicated category, and an additional 25 million MT in the inferred category.
  • 32 million ounces (Moz) of contained gold in the measured and indicated category, and 49 Moz inferred.
  • 659 Moz of contained silver in the measured and indicated category and 808 Moz inferred.

The Filo del Sol and Josemaria deposits are in close proximity to one another, which Lundin says offers a strategic advantage for infrastructure sharing, economies of scale and phased development planning.

The high-grade mineralization at both deposits is particularly notable:

  • Filo del Sol’s high-grade core has 606 million MT in the measured and indicated category at 1.14 percent copper equivalent for contained metal of 4.5 million MT of copper, 9.6 Moz of gold and 259 Moz of silver.
  • Josemaria’s near-surface high-grade material contains 196 million MT in the measured and indicated category at 0.73 percent copper equivalent for contained metal of 978,000 MT of copper, 2.4 Moz of gold and 11 Moz of silver.

Lundin emphasizes the potential for future growth, noting that mineralization remains open at depth, and saying drilling at the nearby Flamenco zone has intercepted new mineralized zones beyond the current resource boundary.

The scale of the discovery has led to a substantial boost in Lundin’s portfolio.

The company reported a 29 percent increase in its measured and indicated contained copper resource, and a staggering 650 percent increase in its inferred contained copper resource, attributable to its stake in Vicuña.

“We see the potential for Vicuña to be not only a significant copper producer but also one of the world’s largest gold and silver mines as well,” Lundin said, highlighting its “truly unique asset” status.

An integrated technical report combining the deposits into a single project is expected in the first quarter of 2026.

Lundin and BHP intend to develop the site into a “globally ranked mining complex,” signaling long-term commitment to unlocking the full potential of the Vicuña district.

The announcement comes amid growing global demand for copper and critical minerals used in renewable energy and electrification technologies. Projects like Vicuña could play a central role in meeting that demand — particularly if high-grade, open-pit deposits can be brought online at competitive cost.

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

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President Donald Trump’s executive order ending diversity, equity and inclusion (DEI) programs in the federal government has returned financial power to the people, OJ Oleka, CEO of the State Financial Officers Foundation, told Fox News Digital. 

Oleka said there’s a ‘new sheriff in town’ and that Trump is ‘making good’ on his promise to eliminate DEI by shifting financial policies ‘away from the left and back to the center,’ empowering state financial officers and building trust with the American people. 

‘We know that when companies focus on business, their business does better. If their business does better, shareholders make more money, their employees have a better quality of life within their business and their consumers get a better product,’ Oleka told Fox News Digital at the State Financial Officers Foundation conference in Orlando, Florida. 

Oleka said focusing on financial returns and merit-based incentives over DEI or environmental, social and governance (ESG) policies creates ‘more money for shareholders, better culture in the office for employees and better products for consumers and customers,’ exactly what state financial officers have been asking for. 

‘The American people want every individual to succeed,’ Oleka said. ‘They want people to succeed on their merit, on their ability, on their skill. It’s very important to us as Americans. But what they don’t want is for people to get preferences just because of some political ideology.’ 

He said there are misconceptions about DEI ‘because people hear diversity, equity and inclusion, and they think, ‘Well, those are good things. I support diversity. I want people to be included, and people should have the resources that they need.’

‘To be very clear, when we’re talking about DEI, we’re saying that DEI is trying to provide racial or gender preferences for people based on past grievances. It effectively has nothing to do with merit or looking at somebody’s skill for a job or for an opportunity.’ 

Equal opportunity is giving people access to create their own opportunities, to try to be as successful as they can be with their skills, ability and merit, according to Oleka. 

Oleka explained that DEI is subjective because it prefers ‘folks based on what you think is important, based on your own politics.’

It’s bad to say, from a company’s perspective, ‘Let’s just hire people based on race, based on gender,’ as opposed to skill and ability,’ Oleka said.

‘It’s bad because it can harm the performance of what that company actually does with their business responsibilities. That matters to our financial officers because they invest in a lot of these companies. It’s their job as fiduciary leaders to make sure that the pensions that they invest, the public funds that they invest by virtue of their positions, are actually done so by companies and with funds where the returns are going to be high.

‘We can’t guarantee that the returns are going to be as high as they can be if the companies aren’t even focusing on their specific mandate, on their responsibility. Instead, they’re focusing on their politics and trying to force an ideology or social agenda through their businesses. That’s not what business is for.’ 

Oleka said his experience as someone with a Ph.D. in higher education who is also the son of Nigerian immigrants informs his rejection of political ideology or agendas in government-funded programs, including in public education, because these policies don’t improve students’ learning experience or academic performance. 

‘That doesn’t actually contribute to kids’ learning,’ Oleka said. ‘It doesn’t contribute to human flourishing. There really is no reason why people’s taxpayer dollars should be spent on that.’

Oleka told Fox News Digital the Orlando conference was critical to reminding state financial officers across the country they are not alone in pushing back against DEI and ESG policies that were promoted by former President Joe Biden’s administration. 

‘It goes back to what I think most Americans believe. Their state government is closer to them than the federal government,’ he said. ‘As a result, state leaders should have more power, as it relates to their finances, than the federal government, and what a state leader should do with that power is give it back to the people.’

By empowering state financial officers to focus on financial returns and fiduciary duty instead of ideology and politics, Oleka said more Americans are incentivized financially. 

‘It’s important that we have that same kind of leadership in the White House at the state level, making good on their promise to bring a Golden Age to America and to each state,’ he said. 

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President Donald Trump made the surprise announcement this week that the U.S., after weeks of intense strikes, will halt all bombing campaigns on the Houthis in Yemen – but experts have warned the Iran-backed group will not sit idle. 

In Trump’s Tuesday announcement from the Oval Office, he claimed the Houthis ‘just don’t want to fight…and we will honor that. We will stop the bombings.’

The president would not say who provided him with this confirmation by the terrorist network, which for years has attacked U.S. and allied ships in the Red Sea in a major threat to freedom of navigation, but in a laugh following the question, he replied that it came from a ‘very good source.’

Less than two hours later, Badr bin Hamad Al Busaidi, the foreign minister of Oman, took to X to say, ‘Following recent discussions and contacts conducted by the Sultanate of Oman with the United States and the relevant authorities in Sana’a, in the Republic of Yemen, with the aim of de-escalation, efforts have resulted in a ceasefire agreement between the two sides.’

‘In the future, neither side will target the other, including American vessels, in the Red Sea and Bab al-Mandab Strait, ensuring freedom of navigation and the smooth flow of international commercial shipping,’ he added. 

The post suggests that Oman, which has also played an intermediary in the U.S.-Iran nuclear talks, was heavily involved in securing the ceasefire.

However, a new report obtained by Fox News Digital ahead of the president’s surprise announcement warns that the Trump administration must remain vigilant against major security threats posed by the Houthis and the international actors supporting the terrorist network.

The report, dubbed ‘The Houthi Challenge: Forging a Strategy to Defeat the Iran-Backed Terror Group in Yemen’ by Ari Heistein for the Foundation for Defense of Democracies (FDD) and research fellow at the Jerusalem Institute for Strategy and Security, highlighted that it is not only Iran that have helped facilitate the Houthi operational capabilities. 

While Tehran has backed the Houthis since at least 2014 – and possibly as early as 2009 during the war in Yemen – through training and advanced weapons like ballistic missiles, Oman has also played a role by allowing the group to operate from its territory and serving as a key smuggling route for Iranian arms.

Jonathan Schanzer, a former terrorism finance analyst at the U.S. Department of the Treasury and the current executive director of the FDD, called Oman’s role in negotiations between Washington and Middle East adversaries ‘outrageous.’ 

‘To hold them up as responsible intermediaries when they are in fact hosting the very group that we’re trying to dismantle, there’s very little logic [in] this position,’ he told Fox News Digital.

The report found that Iranian arms are smuggled into Yemen through the port of Hodeidah – which was targeted in a series of Israeli strikes on major infrastructure in and around the Houthi-controlled capital of Sana’a this week – but also through smaller ports or overland through Oman.

Omani private banking institutions and businesses are also reportedly known to be ‘servicing the Houthi economy and even supplying the group with arms.’ 

‘More must be done to prevent bulk cash smuggling across the border between Oman and Yemen,’ Heistein found. ‘Muscat must begin to feel pressure from the international community to address a threat finance challenge that has gone unchecked for too long.’

The report breaks down the varied steps that need to be taken to effectively undermine and counter the Houthis as repeated military strikes by first, Saudi Arabia starting in 2015, then recently by the U.S. and Israel, have not significantly degraded the terrorist group.

Those steps include continued military action – similar to Israel’s recent strikes on Yemen’s Hodeidah port and Sana’a International Airport, which are expected to have far-reaching economic impacts and increase internal pressure on the Houthis. But military action alone isn’t enough; economic, diplomatic, and other soft power strategies are also needed to weaken the group, according to the report. 

The report also highlighted that the Houthis have utilized previous lulls in fighting with nations like Saudi Arabia, the U.S. and Israel to regroup and rebuild. 

‘Compelling the Houthis to halt attacks on shipping is a meaningful achievement only if it is part of a broader, long-term strategy,’ Heistein told Fox News Digital. ‘However, if a Red Sea ceasefire becomes the centerpiece and endpoint of U.S. policy toward the Houthis, it risks empowering an increasingly dangerous regime to escalate and de-escalate at will.

 ‘Without a comprehensive approach to addressing the Houthi threat, the U.S. and its allies could soon be confronting a more dangerous, better-armed terrorist group,’ Heinstein warned. 

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A bill aimed at cracking down on the Chinese Communist Party (CCP) and its practice of forced organ harvesting passed with overwhelming support on Wednesday – though one House lawmaker voted against it.

Rep. Thomas Massie, R-Ky., was the lone Republican to oppose the Stop Forced Organ Harvesting Act, which passed 406-1.

‘It’s just another example of us trying to stick our nose in another country’s business and write their laws,’ Massie told Fox News Digital after the vote. ‘And at the end of the day, they’re gonna do what they’re gonna do, and it’s just sort of a virtue signal over here.’

Massie, a conservative libertarian, often votes against House bills that weigh in on another country’s affairs.

The Kentucky Republican pointed out that he opposed the legislation when it was up for a vote during a previous Congress.

But his pushback is also notable now given his status as an open critic of Speaker Mike Johnson, R-La., and at times, of President Donald Trump. 

The bill was introduced by Rep. Chris Smith, R-N.J., and would authorize the Secretary of State to deny U.S. passports and visitor visas to people involved in organ trafficking circles.

It would also call for sanctions on entities and individuals found to have participated in the gruesome illicit industry.

U.S. lawmakers have accused China of forced organ harvesting of its ideological opponents, including Falun Gong practitioners and Uyghur Muslims. 

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President Donald Trump wants India and Pakistan to cease fighting and is open to helping both countries broker a peace agreement, following strikes from India against Pakistan early Wednesday. 

India launched missiles against at least nine sites ‘where terrorist attacks against India have been planned,’ according to India’s Defense Ministry. Meanwhile, Pakistan’s military reported that the strikes killed at least 26 people — including women and children — and claimed the strikes amounted to an ‘act of war.’ 

‘Oh, it’s so terrible. My position is, I get along with both,’ Trump told reporters Wednesday. ‘I know both very well, and I want to see them work it out. I want to see them stop. And hopefully they can stop now. They’ve got a tit for tat, so hopefully they can stop now. But I know both. We get along with both countries very well. Good relationships with both. And I want to see it stop. And if I can do anything to help I will. I will be there as well.’

Tension between India and Pakistan escalated in April after a gunman killed 26 people who were primarily Indian Hindi tourists in the India-controlled portion of Kashmir. India pinned the blame on Pakistan, and a militant group India claims is affiliated with a Pakistani militant group ultimately claimed responsibility for the attack. 

After India’s Wednesday strikes, Pakistan said it shot down five Indian fighter jets, claiming that the move was justified given India’s actions. 

‘Pakistan has every right to give a robust response to this act of war imposed by India, and a strong response is indeed being given,’ Pakistani Prime Minister Shehbaz Sharif said. 

The Associated Press, Fox News’ Greg Wehner and Nick Kalman contributed to this report. 

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President Donald Trump revealed a new pick for surgeon general on Wednesday, saying he will now nominate Dr. Casey Means for the job.

‘Casey has impeccable ‘MAHA’ credentials, and will work closely with our wonderful Secretary of Health and Human Services, Robert F. Kennedy, Jr., to ensure a successful implementation of our Agenda in order to reverse the Chronic Disease Epidemic, and ensure Great Health, in the future, for ALL Americans,’ Trump said late Wednesday afternoon in a post on his social media platform Truth Social. ‘Dr. Casey Means has the potential to be one of the finest Surgeon Generals in United States History.’

Means, a vocal ‘Make America Healthy Again’ proponent, played a significant role in helping shape the administration’s agenda surrounding health, alongside her brother, Calley Means. She is a Stanford-trained physician and has made a name for herself as a wellness influencer alongside her brother. In 2024, both Casey and Calley co-wrote a book about the chronic disease epidemic titled ‘Good Energy,’ and Casey is also the co-founder of a health-tech company called Levels.

Calley Means was previously tapped by the administration to serve as a top special advisor to Secretary Kennedy.

  

Trump previously announced he would nominate Dr. Janette Nesheiwat, a former Fox News contributor, to be surgeon general.

It’s unclear why Nesheiwat’s nomination was pulled. Fox News Digital reached out to the White House for more information. 

Trump added in his post that Secretary Kennedy ‘looks forward to working with Dr. Janette Nesheiwat in another capacity at HHS.’

Meanwhile, in a follow-up post on X, Nesheiwat also said she was ‘looking forward’ to continuing to support Trump while working closely with Secretary Kennedy ‘in a senior policy role.’ 

‘My focus continues to be on improving the health and well-being of all Americans, and that mission hasn’t changed,’ Nesheiwat concluded in her public social media remarks.  

Nesheiwat is the sister-in-law of recently fired National Security Advisor Michael Waltz, who the president indicated he will now be nominating to be the next ambassador to the United Nations after dropping his initial nominee, New York GOP Congresswoman Elise Stefanik. 

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Advanced Micro Devices CEO Lisa Su said China is a “large opportunity” market for the semiconductor and artificial intelligence industry even as export controls and evolving tariff plans loom over the world’s second-largest economy.

“There should be a balance between export controls for national security as well as ensuring that we get the widest possible adoption of our technology,” Su told CNBC’s “Squawk on the Street” on Wednesday. “That’s a good thing for U.S. jobs in the U.S. economy.”

She added that U.S. leadership in artificial intelligence and widespread adoption is the primary objective and a “really great position for us to be in.”

Su said there is a “balance to be played between” restricting and providing access to chips.

The comments come on the heels of the company’s fiscal first-quarter results. AMD topped earnings and expectations and issued strong guidance, but said it would see a $1.5 billion hit this year from China export controls. Last month, the company said it would incur up to $800 million in costs from shipping its MI308 products to China and other countries.

The U.S. government has cracked down on chip shipments to China in recent years, restricting the sale of more advanced AI processors to China that could be used to improve military capabilities and eat away at U.S. dominance.

President Donald Trump’s evolving tariff policies have added more turbulence to the sector in recent weeks, and many investors are combing for signs of demand pressure.

While AMD would “prefer a more certain environment,” Su said that the company is working to move manufacturing to the U.S. She added that the impact from tariffs on its portfolio is a minor blip and that the company saw “robust” sales in April.

“We’ve learned to become very agile through all of the things that have happened to the semiconductor supply chain, and we’re going to continue to watch all of these trends very carefully and make sure that we react appropriately going forward,” she said.

Other Ai chipmaking CEO have also called attention to the impact of chip restrictions in a rapidly expanding AI market. Nvidia CEO Jensen Huang told CNBC’s Jon Fortt on Tuesday that getting pushed out of the the country would be a “tremendous loss.”

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