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Athena Gold Corporation (CSE:ATHA) (OTCQB:AHNR) (‘Athena Gold’ or the ‘Company’) is pleased to announce that due to strong demand, the Company has increased the size of the non-brokered flow-through private placement previously announced on April 7, 2025, from $500,000 to $700,000 (the ‘FT Offering’). The FT Offering, as amended, will now consist of up to 14,000,000 flow-through common shares (the ‘FT Shares’) (increased from 10,000,000 FT Shares) at a price of $0.05 per FT Share. All other terms of the FT Offering remain unchanged.

Non-Flow-Through Unit Private Placement

The Company further announces a non-brokered private placement for gross proceeds of up to $200,000 comprised of up to 4,000,000 units (each, a ‘Unit’) at a price of $0.05 per Unit (the ‘NFT Offering’).

Each Unit consists of one non-flow-through common share in the capital of the Company (a ‘NFT Common Share’) and one-half of a common share purchase warrant (a ‘Warrant’). Each whole Warrant is exercisable into one NFT Common Share at a price of $0.12 per Warrant for a period of thirty-six months from the date of issuance, subject to the following acceleration provision. If, at any time after the date that is 4 months and one day after the date of issuance of the Warrants, the average volume weighted trading price of the Company’s Common Shares on the Canadian Securities Exchange is at or above $0.20 per share for a period of 10 consecutive trading days (the ‘Triggering Event’), the Company may at any time, after the Triggering Event, accelerate the expiry date of the Warrants by giving ten calendar days notice to the holders of the Warrants, by way of news release, and in such case the Warrants will expire on the first day that is 30 calendar days after the date on which such notice is given by the Company announcing the Triggering Event.

The securities to be issued under the NFT Offering will be offered pursuant to Section 2.3 of National Instrument 45-106 (the ‘accredited investor’ exemption). All securities issued in connection with the NFT Offering will be subject to a hold period which will expire four months and one day from the date of closing of the NFT Offering.

A finder’s fee may be paid in connection with the NFT Offering to eligible arm’s length finders in accordance with CSE policies and applicable securities laws. The NFT Offering is subject to several conditions, including receipt of all necessary corporate and regulatory approvals, including that of the Board and the Canadian Securities Exchange (‘CSE’).

Insiders may participate in the NFT Offering and will be considered a related party transaction subject to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the NFT Offering by insiders will not exceed 25% of the fair market value of the Company’s market capitalization.

Proceeds of the NFT Offering will be used to fund exploration work on the Company’s various properties.

None of the foregoing securities have been or will be registered under the United States Securities Act of 1933, as amended (the ‘1933 Act’) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Athena Gold Corporation

Athena Gold is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct additional exploration drilling and studies on its projects across North America. Athena Gold’s Excelsior Springs Au-Ag project is located in the prolific Walker Lane Trend in Nevada. Excelsior Springs spans 1,675 ha and covers at least three historic mines along the Palmetto Mountain trend, where the Company is following up on a recent shallow oxide gold discovery, with drill results including 5.35 g/t Au over 33.5 m. Meanwhile, the Company’s new Laird Lake project is situated in the Red Lake Gold District of Ontario, covering 4,158 hectares along more than 10 km of the Balmer-Confederation Assemblage contact, where recent surface sampling results returned up to 373 g/t Au. This underexplored area is road-accessible, located about 10 km west of West Red Lake Gold’s Madsen mine and 34 km northwest of Kinross Gold’s Great Bear project.

For further information about Athena Gold Corporation and our Excelsior Springs Gold project, please visit www.athenagoldcorp.com.

On Behalf of the Board of Directors

Koby Kushner

President and Chief Executive Officer, Athena Gold Corporation

For further information, please contact:

Athena Gold Corporation

Koby Kushner, President and Chief Executive Officer

Phone: 416-846-6164

Email: kobykushner@athenagoldcorp.com

CHF Capital Markets

Cathy Hume, CEO

Phone: 416-868-1079 x 251

Email: cathy@chfir.com

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian and US. securities laws. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future exploration plans, future results from exploration, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: ‘believes’, ‘will’, ‘expects’, ‘anticipates’, ‘intends’, ‘estimates’, ”plans’, ‘may’, ‘should’, ”potential’, ‘scheduled’, or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company’s projects in a timely manner.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various risk factors as disclosed in the final long form prospectus of the Company dated August 31, 2021.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this press release or incorporated by reference herein, except as otherwise stated.

Source

Click here to connect with Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNR) to receive an Investor Presentation

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John Feneck, portfolio manager and consultant at Feneck Consulting, outlines his updated outlook for gold as the yellow metal continues to reach new highs.

He also discusses seven gold and ‘special situations’ companies that are on his radar.

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

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(TheNewswire)

TheNewswire – Vancouver, BC – Providence Gold Mines Inc. (‘the Company’) announces that effective April 18, 2025, the Company’s lease agreement with the Ellers Family Trust, dated March 28, 2017 and amended April 24, 2019 and May 24, 2020, has been terminated. The lease agreement granted the Company a lease of claims comprising the Tuolumne Property in California (the ‘ Property ‘) and options to acquire a 50% working interest in the Property or purchase 100% right, title and interest in the Property. The Company intends to focus its efforts on securing a new lease for the Property on favorable terms to the Company.

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.

ON BEHALF OF THE BOARD

‘Ronald Coombes’

Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Ronald Coombes

Mobile: 1- 604- 724- 2369

rcoombesresources@gmail.com

Cautionary Statements Regarding Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. ‘Forward-looking information’ includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion and anticipated results of planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’ or the negative connation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will be able to focus its efforts on securing a new property agreement. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

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 plans or expectations include risks relating to the nature of the Company’s negotiations with counter parties, fluctuating gold prices, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.


Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.


The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. We seek
safe harbor.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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With President Donald Trump’s former reality TV show ‘The Apprentice,’ streaming on Amazon Prime as of last month, politically astute viewers across the political spectrum have zeroed in on an episode from when Sen. Chuck Schumer, D-N.Y., now one of the president’s biggest political detractors, praised his fellow New Yorker as a business prodigy.

During Season 5, Episode 8, of ‘The Apprentice’ in 2006, contestants were given a challenge — as was typical during each episode — and the winners of said challenge got the chance to fly to the nation’s capital and have breakfast with Sen. Chuck Schumer, D-N.Y. During the breakfast, Schumer sought to draw parallels between his family and Trump’s, while also showering praise on the president, telling the contestants he always knew Trump, even as a young person, ‘was going to go places.’

‘I was born in Brooklyn, the same place where Donald Trump’s family comes from,’ Schumer reminisced with the contestants during breakfast at the famous Hay-Adams hotel in Washington, D.C. ‘His father, and my grandfather, were builders together in Brooklyn.’

‘Wow!?’ one contestant could be heard replying. ‘Really?’ asked another.

‘Yeah!,’ Schumer responded to the room. 

The show then cut to Schumer lauding Trump as a business prodigy.

‘Even when [Trump] was much younger, you knew that he was going to go places,’ Schumer said, before a voice-over from one of the contestants present at the breakfast reiterated that ‘Sen. Schumer and Mr. Trump are good friends.’

Despite Schumer’s apparent friendly sentiment towards the president in 2006, as evidenced by his appearance on ‘The Apprentice,’ the Democratic New York senator told Politico in 2016, ahead of Trump’s first term, that, ‘[Trump] was not my friend.’ Rather, Schumer described his relationship with Trump as a ‘casual acquaintance.’

‘Donald Trump is a lawless, angry man,’ Schumer said of the president during an interview last month. ‘The fact that The Apprentice President Donald ‘You’re Fired’ Trump is refusing to hold people accountable just shows how weak he is,’ Schumer added in a post on social media earlier this month.

Considering Schumer’s vehement animosity towards Trump today, Michigan State GOP Sen. Aric Nesbitt, the Michigan Senate’s minority leader, remarked ‘How things change…’ in a post that highlighted the resurfaced clip of Schumer’s scene on ‘The Apprentice.’  

But it’s not just Republicans having fun at Schumer’s expense. 

‘As Schumer sells out our Constitution and democracy, you just gotta watch this clip of him sucking up to Trump on an episode of the Apprentice,’ remarked former Democratic Rhode Island legislator Aaron Regunberg. ‘What a world class slug of a man.’

Shortly before taking office during his first term, Trump was asked by MSNBC’s Joe Scarborough and Mika Brzezinski about whether he will be able to get along with Democratic leaders in Congress, such as Schumer. Trump struck a positive chord, saying at the time that he thought he would ‘be able to get along well with Chuck Schumer.’

‘I was always very good with Schumer. I was close to Schumer in many ways,’ Trump said at the time.

As time has progressed, however, Trump’s rhetoric towards Schumer has become increasingly critical of the senator, as the pair of political heavyweights continue to fight over whatever political issue is dominating Washington each week. 

Recently, Trump took a jab at Schumer’s alleged lack of support for the Jewish community amid the rise in antisemitism, particularly on college campuses, in the wake of Hamas’ Oct. 7, 2023 attacks against innocent Israelis. Schumer is Jewish. 

 

‘Schumer is a Palestinian, as far as I’m concerned,’ Trump told reporters from the Oval Office last month. ‘He’s become a Palestinian. He used to be Jewish. He’s not Jewish anymore.’ 

Trump’s comments from earlier this month also mirror a similar sentiment he relayed about Schumer during his most recent campaign for the presidency, referring to him as a ‘proud member of Hamas.’

In addition to Schumer, other high-profile public figures have praised the now-president, only to become his political enemy years later. In a 1988 interview with Oprah Winfrey, the celebrity talk show host appeared to be amazed at Americans’ ‘fascination’ with Donald Trump and even described him as a ‘folk hero’ for being so popular. 

Meanwhile, celebrity music producer who co-founded Def Jam Records, Russell Simmons, similarly had nice things to say about Trump before he entered politics, calling him ‘very nice’ and remarking how supportive Trump has been to his family, according to media reports. Nonetheless, following the tragic politically motivated violence in Charlottesville during Trump’s first term, Simmons reportedly criticized his ‘friend’ for leading the legacy of a ‘great divider,’ and a ‘destroyer of the environment and … everything we as Americans have fought so hard to call ours.’     

Fox News Digital reached out to Schumer’s office for comment but did not receive a reply in time for publication.

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Rep. Don Bacon, R-Neb., on Monday signaled he wouldn’t tolerate Defense Secretary Pete Hegseth allegedly once again sharing sensitive information about military operations in a Signal group chat. 

‘If the reporting is true, this is unacceptable. I would never tell the White House what to do, but I wouldn’t tolerate it,’ Bacon told Fox News Digital, reiterating his comments first reported by Politico. 

Bacon, a retired military officer and Republican on the House Armed Services Committee, said it would be ‘unacceptable’ if Hegseth sent classified information in a Signal chat about a mission in Yemen targeting the Houthis. The New York Times reported on Sunday that Hegseth shared information about the March 15 strikes in Yemen in a private Signal group chat that included his wife, brother and personal lawyer, claiming they were essentially the same plans shared in the separate Signal chat that included an editor of The Atlantic. 

Bacon told Politico he had reservations about Hegseth’s experience since his nomination, and while a spokesperson for Bacon’s office emphasized to Fox News Digital that he would not tell President Donald Trump to fire Hegseth, Bacon said he ‘wouldn’t tolerate’ the latest Hegseth reporting if he was the commander in chief. 

White House officials have joined Hegseth in denying the reporting. 

‘No matter how many times the legacy media tries to resurrect the same nonstory, they can’t change the fact that no classified information was shared. Recently fired ‘leakers’ are continuing to misrepresent the truth to soothe their shattered egos and undermine the president’s agenda, but the administration will continue to hold them accountable,’ White House spokesperson Anna Kelly told Fox News Digital.

Trump himself shut down the reporting, calling it ‘fake news’ and touting recruitment rates and Hegseth’s leadership of the armed forces.

‘The president stands strongly behind Secretary Hegseth, who is doing a phenomenal job leading the Pentagon,’ White House press secretary Karoline Leavitt said on Fox News on Monday. 

Hegseth lamented ‘disgruntled employees’ and ‘anonymous smears’ when pressed by reporters during the White House Easter Egg roll about the latest Signal controversy.

‘This is why we’re fighting the fake news media. This group right here is full of hoaxsters,’ Hegseth said.

The Trump administration has maintained that no classified material was transmitted in the Signal chat reported by The Atlantic. Signal is an encrypted messaging app with additional security measures that keep messages private to those included in the correspondence.

Fox News Digtal’s Emma Colton contributed to this report.

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President Trump indicated Monday – following news of Pope Francis’s death – that he and first lady Melania Trump will be attending the Pope’s funeral at the Vatican, despite the president’s somewhat contentious history with the late leader of the Catholic Church.

Traditionally, papal funerals take place four to six days following their death, so Francis’s funeral is expected to take place before the end of the month. Vatican spokesperson Matteo Bruni told reporters that the General Congregation of Cardinals will occur Tuesday morning, during which an exact date for the funeral should be decided.

‘Melania and I will be going to the funeral of Pope Francis, in Rome,’ Trump posted on his social media platform Truth Social on Monday afternoon. ‘We look forward to being there!’

Trump’s announcement that he would be traveling to Rome for the ceremony followed a separate announcement he made earlier in the day indicating that he had ordered all American flags on government grounds, including military installments and embassies abroad, to fly at half-staff until sunset Monday.

Trump’s relationship with Pope Francis over the years was one marked by ideological differences and – at times – tension.

Amid Trump’s first run for office, Pope Francis criticized one of Trump’s signature campaign promises of building a wall along the southern border, calling the move ‘not Christian’ in 2016.

 

‘A person who thinks only about building walls, wherever they may be, and not building bridges, is not Christian,’ Francis told reporters during a mid-flight interview on his way to Mexico in 2016, according to a translation from the Associated Press.

Trump, meanwhile, shot back at the pontiff’s remarks, arguing it was ‘disgraceful’ for the Pope, or any religious leader for that matter, to question another person’s faith. 

‘If and when the Vatican is attacked by ISIS, which as everyone knows is ISIS’s ultimate trophy, I can promise you that the Pope would have only wished and prayed that Donald Trump would have been President because this would not have happened,’ Trump said in a statement released by his team following the Pope’s criticism. ‘ISIS would have been eradicated unlike what is happening now with our all talk, no action politicians.’

During Francis’s life he also took aim at increasing nationalistic sentiments around the world, criticism that implicitly targeted Trump’s ‘America First’ agenda. 

Francis was also a believer in climate change posing a major problem for society, something Trump also differed with him on. In both Trump’s first and second terms, he has pulled the U.S. out of the international Paris Climate Accords, which is an international initiative aimed at mitigating global warming. 

Trump, who considers himself a Christian but is not a Catholic, only met with Francis once during his first term. By contrast, Joe Biden, who is a confirmed Catholic, met with Francis in-person on multiple occasions throughout his single-term presidency. 

Trump’s Vice President J.D. Vance, a Catholic himself, was notably one of the Pope’s last visitors, seeing him on Easter Sunday – one day before Francis passed.

Fox News Digital reached out to the White House for comment but did not receive a response in time for publication.  

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President Donald Trump endorsed Sen. Steve Daines, R-Mont., calling the lawmaker ‘a Great Man, and TREMENDOUS Senator’ in a post on Truth Social.

‘I love Montana, won every one of my Races there by a landslide, and would only recommend the best to represent you in the Senate!’ the president declared. 

‘Senator Steve Daines, of the Great State of Montana, has my Complete and Total Endorsement — HE WILL NOT LET YOU DOWN!’

Daines served as National Republican Senatorial Committee chair prior to current chair, Sen. Tim Scott, R-S.C.

‘As Chairman of the National Republican Senatorial Committee (NRSC), Steve worked tirelessly with me in the last Election to help elect smart, tough, and sincere America First Patriots. In the Senate, Steve is fighting hard to Grow the Economy, Cut Taxes, Secure the Border, Stop Migrant Crime, Support our Military/Vets, Unleash American Energy Dominance, Restore PEACE THROUGH STRENGTH, and Defend our always under siege Second Amendment,’ Trump declared in his post.

Daines, who has served in the Senate since 2015, thanked Trump for the endorsement.

‘I’m honored to have your support as we fight to protect Montana values, secure our border, cut taxes, and Make America Great Again! Together, we’ll deliver results for our state and nation,’ Daines noted in a tweet. 

Sen. Tim Sheehy, R-Mont., also backed Daines for re-election.

‘Steve Daines is a champion for the America First agenda and hardworking Montanans. Working with President Trump, he helped deliver our Republican Senate majority and is fighting to cut taxes, secure the border, unleash American energy, and lower costs for families in The Treasure State,’ Sheehy said in a post on X.

‘I’m proud to join @realDonaldTrump in endorsing my friend @SteveDaines so he can keep fighting for Montana,’ the senator noted.

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There have been 266 papal leaders of the Catholic Church since Jesus Christ’s death in the AD 30s through Pope Francis – Jorge Mario Bergoglio – who died on Easter Monday at 88.

The most prominent pope is considered to be St. Peter, the first holder of the title.

Christ had appointed him the inaugural Bishop of Rome, and the papal church – St. Peter’s Basilica in Vatican City – is named in his honor.

St. Peter’s writings to persecuted people in the Asia Minor region are also chronicled in the New Testament’s epistles.

Peter reportedly died around 64 and was succeeded by Pope Linus.

In the present day, there is wide agreement across the Catholic world that one of the most recent popes, John Paul II, deserves to be in consideration as the most influential pontiff.

John Paul II was also the first non-Italian pope since Pope Adrian in the 1500s. Born Karol Wojtyla in Poland, John Paul’s lengthy three decades in the Vatican were marked with very prominent situations for the Catholic Church.

John Paul II oversaw the movement into the digital age, but he continued to be a prolific writer.

He revised the Canon Laws for the church, wrote more than a dozen encyclicals, apostolic exhortations, nearly 50 apostolic letters and several books, as chronicled by Father William Saunders in his cataloging of ‘great’ popes.

While Pope John Paul II has not officially been dubbed John Paul the Great, there is wide consensus that one day he will be.

John Paul notably held a Mass praying for God’s forgiveness for the past sins of the Catholic Church itself and made more than 100 state visits, which included engaging with non-Christians, Saunders wrote in Catholic Answers.

One of those visits featured the pope offering Mass to 80,000 people at Yankees Stadium in The Bronx, New York in 1979.

Only a few popes – Leo I, Gregory I and Nicholas I – have been given the moniker ‘the great.’

In the 400s, Pope Leo met with Attila the Hun and prevented a siege of Rome, though the Vandals took it over later.

Pope Gregory I was the Catholic leader who in the late 500s stylized ‘Gregorian Chant’ – a tradition still present in many Catholic churches today.

Born wealthy, Gregory I later gave up his riches and moved into a monastery and aided the poor.

Gregory was considered the treasurer of Rome, according to the Encyclopedia Britannica, which chronicles his efforts to prevent sieges from groups like the Lombards.

He also repaired Roman infrastructure, sought détente with the Lombards and Gauls and enforced government laws he personally disagreed with and protested against – explaining that he did his duty to obey [Emperor Maurice] while not ‘restrain[ing] what ought to be said on God’s behalf.’

Pope Nicholas became pontiff in the mid 800s. He notably urged against the attempt by a king to divorce his wife and marry another woman. He also believed the Holy See was the head of the Catholic Church and urged the ‘supremacy of Rome,’ according to the Encyclopedia Britannica.

Other popes may not have been monikered ‘the great’ but have had lasting impact on the world and society.

One such pontiff was Pope Gregory XIII. 

Purported miscalculations in the Julian calendar spurred Gregory XIII to decree a new calendar in 1582 – as the spring equinox had fallen back to early March over a span of 1,400 years.

On Oct. 4, 1582, Gregory XIII ordered the next day be considered Oct. 15, not Oct. 5 – therefore fixing the lunar discrepancy. By the end of the 16th century, most Western lands had come around to following the new ‘Gregorian calendar.’

Another historically influential pontiff was Pope Innocent III. Around 1200, Innocent III launched several ‘Crusades’ against Muslim-held lands in what is now France, Spain and Portugal, as well as an effort to take back the historic Holy Land near today’s Israel and Jordan.

He also extended his power into personal affairs, ordering King Philip of France to return to his separated wife.

The most recent pope, Francis, was considered influential in that he was one of few to delve more into the political sphere than past pontiffs.

In 2015, Francis published the first papal encyclical to be focused on the environment: Laudato Si.

Among its repercussions, it helped foreshadow that year’s U.N. Climate Change Conference in Paris, which led to a global warming treaty between 196 countries, according to Vatican News.

He was also known for his critiques on Western market capitalism, once calling the ‘unfettered pursuit of money’ the ‘dung of the devil’ during a speech.

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Chipotle Mexican Grill will open its first location in Mexico early next year as the latest stage in its international expansion.

The company announced Monday that it has signed a development agreement with Alsea, which operates Latin American and European locations of Starbucks, Domino’s Pizza and Burger King, among other chains.

After the initial restaurant opens in 2026, Chipotle plans to explore “additional expansion markets in the region,” which could mean broader Latin American development.

The deal to expand in Mexico comes as President Donald Trump wages a trade war with the country, straining the relationship between the two neighbors. Avocados from Mexico were originally subject to a 25% tariff until he paused new duties on goods compliant with the United States-Mexico-Canada Agreement. While Chipotle has diversified its avocado sourcing in recent years, it still imports about half of its avocados from Mexico.

In recent years, Chipotle has been trying to expand internationally, after decades focusing almost entirely on its U.S. business. The company operates 58 locations in Canada, 20 in the United Kingdom, six in France and two in Germany. Chipotle also currently has three restaurants in Kuwait and two in the United Arab Emirates through a deal with Alshaya Group.

Chipotle is betting that Mexico’s familiarity with its ingredients and appreciation for fresh food will win over consumers, according to a statement from Nate Lawton, Chipotle’s chief business development officer.

But U.S. interpretations of Mexican food don’t always resonate in the market; Yum Brands’ Taco Bell has twice attempted to expand into Mexico, but both efforts failed quickly.

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