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Violent attack reignites BOWSER Act debate as Trump floats federal takeover of DC

Politics 3 Mins Read

A Senate Republican renewed his push to federalize Washington, D.C., following an attack on a former Department of Government Efficiency (DOGE) staffer and President Donald Trump’s threat to put the District under federal control.

Sen. Mike Lee, R-Utah, has long called for control of Washington to fall under Congress, going so far as to introduce the Bringing Oversight to Washington and Safety to Every Resident (BOWSER) Act, named after D.C. Mayor Muriel Bowser, in an effort to combat crime in the District.

The bill, which Lee introduced alongside Rep. Andy Ogles, R-Tenn., has not made it out of committee since being dropped in February. But Trump’s highlight of an attack against former DOGE staffer Edward Coristine, also known as ‘Big Balls,’ has resurrected the discussion.

‘The Constitution already federalizes D.C.,’ Lee said on X. ‘We just need Congress to do its job — and reassert its lawmaking power over our nation’s capital city. My bill, the BOWSER Act, would do that.’

Fox News Digital reached out to Lee for further comment.

Lee’s bill would effectively repeal the District of Columbia Home Rule Act, a law passed in the 1970s that established a city council and mayor and reduced the amount of oversight that Congress has over the city and its affairs.

But calls have grown by lawmakers over the years to increase Congress’ oversight of the city, largely centered on concerns over increased crime and criticisms of attempts to rewrite the District’s criminal code.

And Trump jumped into the discourse, too, threatening that if ‘D.C. doesn’t get its act together, and quickly, we will have no choice but to take Federal control of the City.’

‘Perhaps it should have been done a long time ago, then this incredible young man, and so many others, would not have had to go through the horrors of Violent Crime,’ Trump said on his social media platform, Truth Social. ‘If this continues, I am going to exert my powers, and FEDERALIZE this City.’

Fox News reached out to Bowser’s office for comment but did not immediately hear back.

Zack Smith, a senior legal fellow at The Heritage Foundation and a former prosecutor, told Fox News Digital that in the past, the D.C. council has pushed ‘policies that have made it much more difficult for law enforcement, for prosecutors, to do their jobs and keep citizens safe.’

Bowser and the D.C. Council have, for several years, worked to update the District’s criminal code. However, changes to the code that would have severely lowered sentencing for a variety of crimes that were at first vetoed by Bowser were on the precipice of becoming law before Congress and former President Joe Biden overrode the reforms.

Smith noted that Congress still has the authority to legislate the District, meaning that lawmakers and the federal government are ‘still the backstop,’ and that both Trump and Lee were right to call for a ‘reevaluation of the District’s status.’

‘That’s why Congress was able to step in and overturn that proposed radical rewrite of the Criminal Code,’ he said. ‘And so what the BOWSER Act would actually do, if it repeals home rule, it would essentially change the way the local D.C. government functions. It might involve Congress and the Federal Government taking a more direct role.’

‘I think there is broad and in some ways bipartisan consensus that the current system in D.C. is not working as it should,’ he continued. 

This post appeared first on FOX NEWS

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Senate hopefuls jostle for high-stakes seat after Blackburn jumps into governor race

Politics 2 Mins Read

The horse race for the next open Senate seat in Tennessee is already kicking off after Sen. Marsha Blackburn, R-Tenn., announced a bid for the governorship earlier Wednesday.

Tennessee Republican Reps. Andy Ogles and Tim Burchett both told Fox News Digital they’re interested in Blackburn’s seat.

Ogles said, ‘Absolutely,’ when asked if he would consider a push for Congress’ upper chamber. Burchett noted that any such situation was a ‘long ways off’ but confirmed he was looking at it as well.

Blackburn just won re-election for her second term in the U.S. Senate in the November 2024 cycle.

If she ran for governor and won, Blackburn would have to vacate her seat – setting up a potential power vacuum in the Volunteer State.

Tennessee law grants the governor the ability to appoint someone to fill Senate vacancies until the next regularly scheduled election.

That means that if Blackburn leaves by 2026, her successor would be tapped to serve until 2031. 

Both Ogles and Burchett said they would be interested in running for the seat in the 2030 election cycle if appointed to the upper chamber.

But it could very well be up to Blackburn to choose her successor, depending on when she hypothetically resigned from the Senate.

Tennessee state law does not specify when she has to step down from the Senate, according to local outlet Knox News.

If the vacancy occurred before Blackburn stepped down, the decision would likely fall to term-limited Gov. Bill Lee. But Lee could leave the decision to Blackburn if she resigned after being sworn in to take his place.

‘Trump is back, America is blessed, and Tennessee – better than ever,’ Blackburn said in a video announcing her campaign launch on Wednesday. ‘I love Tennessee, I believe in Tennesseans, and I’m ready to deliver the kind of conservative leadership that will ensure our state is America’s conservative leader for this generation and the next.

Her candidacy sets up a high-stakes GOP primary against her congressional colleague, Rep. John Rose.

If she wins, Blackburn would be the first female governor of Tennessee.

This post appeared first on FOX NEWS

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Junk food banned from SNAP benefits in 6 more states, a win for MAHA advocates

Politics 3 Mins Read

In a win for Make America Healthy Again (MAHA) advocates, six more states have gotten waivers allowing them to ban soda, candy and other high-sugar junk foods from being purchased through the federally funded, but state-operated Supplemental Nutrition Assistance Program, known as SNAP. 

The waivers, which amend the statutory definition of eligible food for purchase under SNAP, were granted to West Virginia, Florida, Colorado, Louisiana, Oklahoma and Texas. The new restrictions on what can and cannot be purchased will go into effect in 2026.

The six new waivers bring the number of states that have sought to restrict SNAP purchases of junk food to 12. The other states who received waivers from the Trump administration earlier this year were Nebraska, Iowa, Indiana, Arkansas, Idaho and Utah.

‘For years, SNAP has used taxpayer dollars to fund soda and candy, products that fuel America’s diabetes and chronic disease epidemics,’ Health Secretary Robert F. Kennedy Jr. said

‘These waivers help put real food back at the center of the program and empower states to lead the charge in protecting public health.’

Agriculture Secretary Brooke Rollins has praised the historic efforts that states, mostly those with Republican leadership, have made to help improve the health and nutrition assistance provided through SNAP. 

On average, 42 million low-income Americans receive food stamp assistance each month, including one in five American children under 17, according to a report from the Trump administration released earlier this year.

‘It is incredible to see so many states take action at this critical moment in our nation’s history and do something to begin to address chronic health problems,’ Rollins said after the latest announcement of new waivers. ‘President Trump has changed the status quo, and the entire Cabinet is taking action to Make America Healthy Again. … These state waivers promote healthier options for families in need.’

Of the 12 states that have been granted SNAP waivers thus far, all of them will restrict SNAP funds from being used to purchase sugary drinks, including soda, while at least eight of the states have indicated plans to ban SNAP funds for candy purchases. Some states, such as Florida, Louisiana and Nebraska, will explicitly ban energy drinks as well, while others, like Arkansas, have indicated drinks with less than 50% natural juice will be banned. 

ABC News medical correspondent Darien Sutton argued the move, although pushed as an effort to improve health outcomes, lacks evidence.

‘There’s no evidence that taking away access to soda will actually fight these conditions,’ he said, according to ABC News. ‘Sugar is one of those culprits that you always have to be mindful of.’ 

Sutton pointed out that U.S. dietary guidelines recommend that men do not have more than 35 grams of sugar per day, while women are told to limit it to 25 grams per day. 

This post appeared first on FOX NEWS

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Trump-Putin meeting agreed upon ‘in principle,’ Kremlin aide indicates

Politics 2 Mins Read

President Donald Trump and Russian President Vladimir Putin appear to be on track to soon have their first meeting since Trump took office for his second term earlier this year.

‘As for Ukrainian affairs directly, at the suggestion of the American side, an agreement was agreed upon in principle to hold a bilateral meeting at the highest level in the coming days, that is, a meeting of Presidents Vladimir Putin and Donald Trump,’ aide to the Russian president Yuri Ushakov noted, according to a Russian to English translation by Google Translate of Ushakov’s comments.

‘As for the option of a trilateral meeting, which for some reason was discussed yesterday in Washington, this option was simply mentioned by the American representative during the meeting in the Kremlin. But this option was not specifically discussed. The Russian side left this option completely, without comment,’ Ushakov noted. ‘We propose first of all to focus on preparing a bilateral meeting with D. Trump and we believe that the main thing is for this meeting to be successful and productive.’

Fox News Digital reached out to the White House for comment early on Thursday morning.

The potential meeting would come as President Trump has been trying to help broker an end to the years-long Russia-Ukraine war.

‘My Special Envoy, Steve Witkoff, just had a highly productive meeting with Russian President Vladimir Putin. Great progress was made!’ Trump declared in a Wednesday post on Truth Social. 

‘Afterwards, I updated some of our European Allies. Everyone agrees this War must come to a close, and we will work towards that in the days and weeks to come. Thank you for your attention to this matter!’

White House press secretary Karoline Leavitt noted, ‘As President Trump said earlier today on TRUTH Social, great progress was made during Special Envoy Witkoff’s meeting with President Putin. The Russians expressed their desire to meet with President Trump, and the President is open to meeting with both President Putin and President Zelensky. President Trump wants this brutal war to end.’

Fox News Channel’s Peter Doocy contributed to this report

This post appeared first on FOX NEWS

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Veteran Biden insider Anita Dunn to appear in House Oversight autopen probe

Politics 3 Mins Read

Veteran Democratic operative Anita Dunn will be on Capitol Hill on Thursday for a closed-door interview with House Oversight Committee investigators.

She is the tenth former White House official to appear before the panel’s lawyers, as Committee Chair James Comer, R-Ky., probes whether former President Joe Biden’s inner circle worked to cover up signs of mental decline in the elderly leader – and whether executive actions signed via autopen were done without his awareness.

Dunn is appearing voluntarily before the committee’s lawyers for a transcribed interview. It’s expected to begin around 10 a.m. and will likely last several hours into the afternoon.

Three of the 10 former Biden administration officials who have appeared so far have come under subpoena, and each pleaded the Fifth Amendment to avoid answering material questions.

Appearing voluntarily does not give people the ability to invoke the constitutional right against self-incrimination, but it’s possible Dunn will give House investigators little to work with.

The six former White House aides who appeared voluntarily before her have all defended Biden’s mental acuity and ability to serve as president, sources said, even as some, like ex-Chief of Staff Ron Klain, have conceded the 82-year-old’s age has worn on him over time.

Dunn, like those who appeared before her, has known Biden for years.

She’s been a key player in Democratic communications and public relations strategies for decades, and reportedly was a central figure in Biden’s messaging strategy both at the White House and during his short-lived 2024 campaign.

‘She’s running everything,’ one unnamed White House advisor told CNN in June 2023 while discussing Biden’s re-election bid.

A January 2023 report by NBC News described Dunn and her husband, former Obama administration White House counsel Robert Bauer, as central figures in Biden’s orbit. Bauer also reportedly served as Biden’s personal lawyer.

‘If it’s a room of five people, Anita and Bob are two of them,’ an unnamed former White House aide told the outlet.

Dunn was also a central figure amid the fallout after Biden’s disastrous June 2024 debate against then-candidate Donald Trump.

NBC News reported in July 2024 that Biden family members discussed whether he should fire Dunn and Bauer, though White House chief of staff Jeff Zients dismissed the reports as ‘unfounded and insulting rumors’ in a statement to the outlet at the time.

Dunn served as White House communications director under former President Barack Obama, and Biden brought her onto his 2020 campaign to help with his own communications strategy.

She also served as senior advisor to the president for communications in the Biden White House before playing a key role in his 2024 campaign.

Comer wrote in his letter summoning Dunn, ‘You served as former President Biden’s ‘most senior communications adviser.’ Former President Biden confided in you extensively over the past decade.’

‘The Committee seeks to understand your observations of former President Biden’s mental acuity and health as one of his closest advisors. If White House staff carried out a strategy lasting months or even years to hide the chief executive’s condition—or to perform his duties—Congress may need to consider a legislative response,’ Comer wrote.

This post appeared first on FOX NEWS

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Fox One streaming service to launch ahead of NFL season on Aug. 21, at $19.99 per month

Business 4 Mins Read

Fox Corp. will launch its direct-to-consumer streaming service, Fox One, on Aug. 21, ahead of the NFL season, the company said Tuesday.

The new streaming service will cost $19.99 per month, and pay TV subscribers will receive access for free, said CEO Lachlan Murdoch during the company’s earnings call.

Fox One will host the entirety of the Fox TV portfolio — namely, live sports such as NFL and MLB that appear on its broadcast network, as well as news programming from its Fox News and Fox Business cable TV networks.

Fox airs NFL games on Sundays during the regular season, which kicks off this year on September 4. The broadcast network also airs MLB postseason games, as well as college football, which also takes place in the fall.

However, the streaming service won’t offer any exclusive or original content, Murdoch said, adding that much of its costs will come from overhead, marketing and technology. This is in contrast to most of Fox’s competitors, which spend on additional sports rights and other content exclusive to streaming.

“It’s important to remember that our subscriber expectations or aspirations for Fox One are modest,” Murdoch said.

The company has been slower than its peers to jump into the streaming game. While it already has the Fox Nation service and Tubi, a free, ad-supported streaming app, it has yet to offer its full content slate in a direct-to-consumer offering.

Murdoch previously said the cost for the service would be “healthy and not a discounted price,” in an effort to avoid further disrupting the pay TV bundle, which has suffered continued customer losses.

Fox’s portfolio is mainly made up of sports and news content since it sold its entertainment assets to Disney in 2019. This has shielded Fox from some of the cord-cutting headwinds that have affected its media peers in recent years.

On Tuesday, Murdoch reiterated that the company will be looking to bundle Fox One with other streaming services. However, he said the company will be careful on that front, similarly so as not to cause further damage to the pay TV ecosystem.

He said Fox is mindful of two factors when it comes to bundling. First, to offer the consumer a convenient package of its content, and potentially valuable bundles. And second, to keep the service “very focused” on a “targeted audience” of those customers without pay TV subscriptions.

“Sometimes those two things conflict with each other. So we want to be very targeted, but we also want to make it easy for our consumers and our viewers to gain our content, whether it’s in conjunction with other services or not,” Murdoch said.

Earlier this year, Murdoch told investors that Fox would launch its own answer to streaming after dropping its efforts for the joint sports streaming venture, Venu.

It will be joined by a new streaming offering from Disney’s ESPN in the coming weeks. While Disney already offers the ESPN+ streaming service, the company will launch a full-service ESPN direct-to-consumer product this fall. Disney earlier said that the app will cost $29.99 a month. Disney reports its quarterly earnings on Wednesday.

On Tuesday, Fox reported total revenue for its most recent quarter of $3.29 billion, up 6% from the same period last year.

While the advertising market has been weak for media companies, particularly for content outside of live sports, Fox reported its advertising revenue increased 7%. The company said this was primarily due to growth from Tubi as well as “stronger news ratings and pricing,” despite a drag from the absence of major soccer events as compared to the year-earlier quarter.

This post appeared first on NBC NEWS

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Tim Cook to join Trump at White House for Apple investment announcement

Business 2 Mins Read

Apple CEO Tim Cook will join President Donald Trump on Wednesday for an event touting what the White House calls a new $100 billion investment commitment by the tech giant in the U.S.

The announcement in the Oval Office, set for 4:30 p.m. ET, includes Apple’s commitment to a new “American Manufacturing Program,” a White House official confirmed to CNBC.

With the new pledge, Apple’s total investment in the U.S. over the next four years now totals $600 billion, the official said.

Bloomberg first reported Apple’s new investment pledge earlier Wednesday.

The meeting comes as Trump has pushed Apple to make its products in America — a feat that experts say would jack up prices by hundreds of dollars, if it can even be done at all.

Most of Apple’s flagship iPhones have been manufactured in China, though the company is moving some of its production to India.

Trump has complained about that plan. “We’re not interested in you building in India, India can take care of themselves … we want you to build here,” Trump said he told Cook in May.

On Wednesday, Trump announced he will double the U.S. tariff rate on Indian goods to 50%. Trump said he was raising the tariff because of India continuing to purchase Russian oil.

Trump had exempted smartphones, chips and other tech products from his early April “reciprocal” tariff plan, which slapped a 10% baseline duty on nearly the entire world and set significantly higher rates for dozens of individual countries.

That exemption still applied as of this week, following Trump’s executive order tweaking U.S. tariffs on a slew of countries.

And it appears to remain intact in Trump’s latest order ratcheting up tariffs on imports from India.

Apple declined CNBC’s request for comment.

— CNBC’s Steve Kovach contributed to this report.

This post appeared first on NBC NEWS

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5 Best-performing Canadian Uranium Stocks of 2025

Investing 11 Mins Read

The uranium market stumbled into Q2 2025, after spot prices dipped to an 18 month low of US$63.50 per pound in March amid abundant secondary supply and cautious utility contracting.

By June, however, prices had rebounded into the US$70 range on renewed US policy support and heightened geopolitical tensions. While the spot market remains volatile, long-term prices have held steady at US$80 level.

Yet utility demand still lags. Just 25 million pounds were contracted by mid-year, putting 2025 on track to fall well short of the 160 million pounds booked in 2023.

“It’s a pressure cooker,” said Oceanwall’s Ben Finegold, pointing to a widening disconnect between term prices and utility participation. With global supply still covering only 80 to 90 percent of annual reactor needs and inventories thinning, market watchers warn a sharp contracting surge is inevitable.

Compounding the urgency are ambitious global buildout plans, including 69 reactors under construction and a US proposal to quadruple nuclear capacity by 2050.

As the supply-demand gap grows, uranium investors are watching closely for a return of utility buying and a possible inflection point for the sector.

Amid this opaque landscape, several Canadian uranium companies registered significant gains so far in 2025. Below are the best-performing Canadian uranium stocks by share price performance. All data was obtained on July 30, 2025, using TradingView’s stock screener. Companies on the TSX, TSXV and CSE with market caps above C$10 million at the time were considered.

Read on to learn about the top Canadian uranium stocks in 2025, including what factors have been moving their share prices.

1. Purepoint Uranium (TSXV:PTU)

Year-to-date gain: 109 percent
Market cap: C$31.69 million
Share price: C$0.46

Exploration company Purepoint Uranium has an extensive uranium portfolio including six joint ventures and five wholly owned projects, all located in Canada’s Athabasca Basin.

In a January statement, Purepoint announced it had strengthened its relationship with IsoEnergy (TSX:ISO) when the latter exercised its put option under the framework of a previously announced joint-venture agreement, transferring 10 percent of its stake to Purepoint in exchange for 4 million shares.

The now 50/50 joint venture will explore 10 uranium projects across 98,000 hectares in Saskatchewan’s Eastern Athabasca Basin, including the Dorado project.

Purepoint shares jumped from C$0.265 on July 7 to C$0.465 on July 9 after the release of initial drill results from Dorado. According to the July 8 statement, drilling at the Q48 target “confirm(ed) the zone as a significant uranium-bearing structure.”

Continuing to trend higher, shares reached a year-to-date high of C$0.52 on July 23. The move coincided with an additional drill result release from the discovery, now dubbed the Nova Discovery target area.

“PG25-07A has successfully extended the Nova Discovery zone by 70 metres and delivered our strongest intercept to date, both in intensity and thickness based on radioactivity,’ Purepoint President and CEO Chris Frostad said.

2. District Metals (TSXV:DMX)

Year-to-date gains: 104.9 percent
Market cap: C$139.38 million
Share price: C$0.83

District Metals is an energy metals and polymetallic exploration and development company with a portfolio of seven assets in Sweden, including four uranium projects: Viken, Ardnasvarre, Sågtjärn and Nianfors. Currently, District is focused on its Viken uranium-vanadium project, which the company says hosts the world’s largest undeveloped uranium deposit.

The company’s share price began trending upwards in mid-May following news of a fully subscribed C$6 million private placement.

Some noteworthy announcements since then include the completion of a helicopter-borne mobile magnetotellurics survey at the Viken property in late June, with results expected later in Q3.

Also in June, the company commended Sweden’s Ministry of Climate and Enterprise for submitting a proposal to lift the country’s longstanding ban on uranium mining. The referral recommends allowing uranium extraction under the Minerals Act and permitting exploration and processing applications under set conditions.

Shares of District Metals rose to a year-to-date high of C$1.01 on July 24, two days after the announcement of a high-resolution drone-based radiometric and magnetic survey across its Ardnasvarre, Sågtjärn and Nianfors projects, which are largely covered by thin glacial overburden and have never been subject to detailed geophysical surveying.

According to the company, the drone will fly low and with tight line spacing, allowing detection of subtle anomalies that traditional surveys may have missed.

3. Energy Fuels (TSX:EFR)

Year-to-date gain: 70.21 percent
Market cap: C$2.83 billion
Share price: C$12.80

US-based uranium producer Energy Fuels has a large portfolio of conventional and in-situ recovery (ISR) projects across the Western United States, including Pinyon Plain in Arizona, a top national producer.

Additionally, Energy Fuels owns and operates the White Mesa mill, the only fully licensed and operating conventional uranium mill in the US. The company is progressing heavy rare earth oxide processing at the plant as well.

In line with US efforts to bolster domestic uranium output, Energy Fuels has been ramping up Pinyon Plain. In May, a record of approximately 260,000 pounds of U3O8 was mined at the site, up 71 percent over the prior month.

A subsequent press release tallied Q2 2025 output from Pinyon Plain at 638,700 pounds of uranium, which it said exceeded estimates due to the high uranium grades, which averaged 2.23 percent in Q2 and 3.51 percent in June.

Company shares reached a year-to-date high of C$13.80 on July 27. The stock bump followed the successful commencement of pilot scale heavy rare earth production at its White Mesa mill on July 17.

4. Stallion Uranium (TSXV:STUD)

Year-to-date gain: 56.67 percent
Market cap: C$10.72 million
Share price: C$0.23

Uranium junior Stallion Uranium holds a 2,870 square kilometer land package on the western side of Saskatchewan’s Athabasca Basin, including a joint venture with Atha Energy (TSXV:SASK,OTCQB:SASKF) for the largest contiguous project in the region. The company’s primary focus is the Coyote target at the project.

Stallion’s share price shot upwards on July 8 after it announced a technology data acquisition agreement for Matchstick TI, an intelligent geological target identification platform with 77 percent accuracy. Stallion plans to use the technology to enhance its exploration efforts.

On July 14, the company reported the results of a 3D inversion of ground gravity data over the Coyote target, part of its joint venture with Atha Energy.

‘The inversion modelling at Coyote has delineated a laterally extensive and coherent gravity low, spatially coincident with a structurally complex corridor exhibiting attributes characteristic of fertile uranium-bearing systems within the Athabasca Basin,” Stallion Uranium CEO Matthew Schwab said.

Three days later, the company announced it settled its outstanding debt with Atha Energy, issuing 802,809 common shares at a deemed price of C$0.135 per share.

Stallion’s shares registered a year-to-date high of C$0.25 on July 18.

Stallion released results from an electromagnetic survey on July 21 that further refined the Coyote target area.

5. Cameco (TSX:CCO)

Year-to-date gain: 45.96 percent
Market cap: C$47.21 billion
Share price: C$108.10

Sector major Cameco is a leading global uranium producer headquartered in Saskatoon, Saskatchewan. The company supplies uranium fuel for nuclear energy generation and holds significant assets across the nuclear fuel cycle, including 49 percent interests in Westinghouse Electric Company (NYSE:BBU) and Global Laser Enrichment.

In the Athabasca Basin, Cameco’s portfolio includes a majority interest in the Cigar Lake mine, the world’s top-producing uranium mine. The company also fully owns the McArthur River mine, another major high-grade deposit in the same region. Additionally, Cameco operates the Key Lake mill, which processes ore from both Cigar Lake and McArthur River.

Globally, Cameco owns the Crow Butte ISR operation in Nebraska and the Smith Ranch-Highland ISR operation in Wyoming. Both are currently in care and maintenance. In Kazakhstan, Cameco holds a 40 percent interest in the Inkai joint venture, a producing ISR uranium operation developed in partnership with state-owned Kazatomprom.

On June 6, Cameco announced an expected US$170 million increase in its 49 percent equity share of Westinghouse Electric Company’s adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Q2 and full year 2025. The projected gain is linked to Westinghouse’s involvement in building two nuclear reactors at the Dukovany power plant in the Czech Republic.

In its Q2 2025 results, released July 31, the company reported net earnings of C$321 million, adjusted net earnings of C$308 million and adjusted EBITDA of C$673 million — all significantly higher year-over-year in part because of the aforementioned share of Westinghouse’s EBITDA.

In its uranium segment, Cameco’s production totaled 4.6 million pounds, down from 7.1 million pounds in Q2 2024, due to planned maintenance at the Key Lake mill. However, its adjusted EBITDA for the segment increased by 43 percent year-over-year to C$352 million.

Cameco’s share price reached a year-to-date high of C$109.10 on July 25.

FAQs for investing in uranium

What is uranium used for?

Uranium is primarily used for the production of nuclear energy, a form of clean energy created in nuclear power plants. In fact, 99 percent of uranium is used for this purpose. As of 2022, there were 439 active nuclear reactors, as per the International Atomic Energy Agency. Last year, 8 percent of US power came from nuclear energy.

The commodity is also used in the defense industry as a component of nuclear weaponry, among other uses. However, there are safeguards in effect to keep this to a minimum. To create weapons-grade uranium, the material has to be enriched significantly — above 90 percent — to the point that to achieve just 5.6 kilograms of weapons-grade uranium, it would require 1 metric ton of uranium pre-enrichment.

Because of this necessity, uranium enrichment facilities are closely monitored under international agreements. Uranium used for nuclear power production only needs to be enriched to 5 percent; nuclear enrichment facilities need special licenses to enrich above that point for uses such as research at 20 percent enrichment.

The metal is also used in the medical field for applications such as transmission electron microscopy. Before uranium was discovered to be radioactive, it was used to impart a yellow color to ceramic glazes and glass.

Where is uranium found?

The country with the greatest uranium reserves by far is Australia — the island nation holds 28 percent of the world’s uranium reserves. Rounding out the top three are Kazakhstan with 15 percent and Canada with 9 percent.

Although Australia has the highest reserves, it holds uranium as a low priority and is only fourth overall for production. All its uranium output is exported, with none used for domestic nuclear energy production.

Kazakhstan is the world’s largest producer of the metal, with production of 21,227 metric tons in 2022. The country’s national uranium company, Kazatomprom, is the world’s largest producer.

Canada’s uranium reserves are found primarily in its Athabasca Basin, and the region is a top producer of the metal as well.

Why should I buy uranium stocks?

Investors should always do their own due diligence when looking at any commodity so that they can decide whether it fits into their investment plans. With that being said, many experts are convinced that uranium has entered into a significant bull market, meaning that uranium stocks could be a good buy.

A slew of factors have led to this bull market. While the uranium industry spent the last decade or so in a downturn following the 2011 Fukushima nuclear disaster, discourse has been building around the metal’s use as a source of clean energy, which is important for countries looking to reach climate goals. Nations are now prioritizing a mix of clean energies such as solar and wind energy alongside nuclear. Significantly, in August 2022, Japan announced it is looking into restarting its idled nuclear power plants and commissioning new ones.

Uranium prices are very important to uranium miners, as in recent years levels have not been high enough for production to be economic. However, in 2024, prices spiked from the US$58 in August 2023 to a high of US$106 per pound U3O8 in February 2024. They have since consolidated at around US$70, meaning this could be a buying point for those looking to get into the sector.

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

This post appeared first on investingnews.com

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Bitcoin: A Price History of the First Cryptocurrency

Investing 22 Mins Read

Bitcoin, the most well-known cryptocurrency, paved the way for the cryptocurrency asset class.

Now the cryptocurrency of choice, its meteoric rise has been unlike any other commodity, resource or asset. Bitcoin’s price rose more than 1,200 percent from March 2020 to reach US$69,044 on November 10, 2021.

The coin showcased its famous volatility in the following year, falling as low as US$15,787 by November 2022 amid economic uncertainty and a wave of negative media coverage.

Bitcoin started 2024 just below US$45,000 and made substantial gains in remainder of the year. Following Donald Trump’s victory over Vice President Kamala Harris in the US presidential election, Bitcoin soared to US$103,697 on December 4, 2024.

The first quarter of 2025 saw the price of Bitcoin decline by more than 25 percent to a low for the year of US$75,004 in early April. Since then, rising institutional demand and an emerging industry-friendly US regulatory environment have poured rocket fuel into the digital assets value.

Bitcoin reached its new all-time high price of US$123,153.22 before pulling back to close at US$119,839.70 on July 14, 2025.

For frequent updates on the biggest news of the crypto sector, check out our Crypto Market Recap, with updates multiple times per week.

Where did Bitcoin start, and what has spurred its price movements since its launch? Read on to find out.

In this article

    What is Bitcoin and who invented it?

    Created as a response to the 2008 financial crisis, the concept of Bitcoin was first introduced in a nine-page white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” on October 31, 2008, on a platform called Metzdowd.

    The manifesto was penned by a notoriously elusive person (or persons) who used the pseudonym Satoshi Nakamoto. The author(s) laid out a compelling argument and groundwork for a new type of cyber-currency that would revolutionize the monetary system.

    Cryptographically secured, Bitcoin was designed to be transparent and resistant to censorship, using the power of blockchain technology to create an immutable ledger preventing double-spending. The true allure for Bitcoin’s early adopters was in its potential to wrestle power away from banks and financial institutes and give it to the masses.

    This was especially enticing as the fallout from the 2008 financial collapse ricocheted internationally. Described as the worst financial crisis since the Great Depression, US$7.4 billion in value was erased from the US stock market in 11 months, while the global economy shrank by an estimated US$2 trillion.

    On January 3, 2009, the Genesis Block was established, marking the beginning of Bitcoin’s blockchain, onto which all additional blocks have been added. The Genesis Block contained the first 50 Bitcoins ever created and a simple message: “The Times 03/Jan/2009 Chancellor on the brink of second bailout for banks.”

    Many believe the message hints at Bitcoin’s mission, as it references an article in The London Times that criticized the British government’s inadequate response to the financial crisis of 2007 to 2008, particularly the government’s inability to provide effective relief and support to the struggling economy.

    What was Bitcoin’s starting price?

    When Bitcoin started trading in 2009, its starting price was a minuscule US$0.0009.

    On January 12, 2009, Nakamoto made the first Bitcoin transaction when they sent 10 Bitcoins to Hal Finney, a computer scientist and early Bitcoin enthusiast, marking a crucial milestone in the cryptocurrency’s development and adoption.

    News of the cryptocurrency continued to spread around the Internet, but its value did not rise above US$0 until October 12, 2009, when a Finnish software developer sent 5,050 Bitcoins to New Liberty Standard for US$5.02 via PayPal Holdings (NASDAQ:PYPL), thereby establishing both the value of Bitcoin and New Liberty Standard as a Bitcoin exchange.

    The first time Bitcoin was used to make a purchase was on May 22, 2010, when a programmer in Florida named Laszlo Hanyecz offered anyone who would bring him a pizza 10,000 Bitcoin in exchange. Someone accepted the offer and ordered Hanyecz two Papa John’s pizzas for US$25. The 10,000 Bitcoin pizza order essentially set Bitcoin’s price in 2010 at around US$0.0025.

    Bitcoin’s price finally broke through the US$1 mark in 2011, and moved as high as US$29.60 that year. However, in 2012 Bitcoin pulled back and remained relatively muted.

    Bitcoin’s price saw its first significant growth in earnest in 2013, the year it broke through both US$100 and US$1,000. It climbed all the way to US$1,242 in December 2013.

    From that peak, Bitcoin’s price began to fall, and it spent most of 2015 in the US$200 range, but it turned around in December 2015 and began to climb again, ending the year at around US$430.

    Bitcoin price chart from August 2011 to December 31, 2015.

    Chart via TradingEconomics.com.

    When did the Bitcoin price start to grow?

    January 1, 2016, marked the beginning of Bitcoin’s sustained price rise. It started the year at US$433 and ended it at US$989 — a 128 percent value increase in 12 months.

    That year, several contributing factors led to Bitcoin’s rise in mainstream popularity. The stock market experienced one of its worst first weeks ever in 2016, and investors began turning to Bitcoin as a “safe-haven” stock amidst economic and geopolitical uncertainty.

    2016 also saw the Brexit referendum in the UK in June and the election of Donald Trump to the White House in November, both events that coincided with a bump in Bitcoin’s price.

    Bitcoin continued its ascent, while various industries continued to take an interest in blockchain technology, particularly technology and finance. In February, a group of investors that included IBM (NYSE:IBM) and Goldman Sachs (NYSE:GS) invested US$60 million in a New York firm developing blockchain technology for financial services, Dig Asset Holdings. Bitcoin was trading at US$368.12 on February 2, down a bit from January, but two months later it was US$418.

    In May the price of Bitcoin experienced a significant price increase, rising by 21 percent to US$539 at the end of the month. Its price went higher into June, peaking at US$764 on June 18. After that, it fell sharply and spent the summer in the high US$600 range. It dropped to US$517 on August 1 and started its climb all over again.

    Microsoft (NASDAQ:MSFT) and Bank of America Merrill Lynch partnered for a finance transacting endeavor in September. Not much price movement was observed, but Bitcoin remained on a steady upward trajectory after that. In October, Ripple partnered with 12 banks in a trial that used its native digital currency token XRP to facilitate cross-border payments. Institutional investment bolstered investor confidence, and Bitcoin went from US$629 to US$736 between October 20 and November 20.

    Bitcoin’s popularity continued into 2017, and it rose from US$1,035.24 in January to US$18,940.57 in December. Futures contracts began trading on the Chicago Mercantile Exchange in December 2017, and Bitcoin began to be more widely perceived as a legitimate investment rather than a passing fad. FOMO flooded the market. What ensued was a frenzy of media coverage featuring celebrity endorsements and initial coin offerings (ICOs) that spilled into 2018.

    Regulators began to take notice and issued warnings and guidelines meant to protect investors and mitigate risks associated with digital assets, which only seemed to make people want them more.

    Through it all, Bitcoin remained the “gold standard” of cryptocurrencies, yet its price was subject to extreme volatility. At the beginning of 2019, it was around US$3,800, it reached nearly US$13,000 in June, but by December 2019 Bitcoin was trading at around US$7,2000.

    Bitcoin price chart from January 1, 2016, to December 31, 2019.

    Chart via TradingEconomics.com.

    What factors led to Bitcoin’s rise in the early 2020s?

    2020 proved a testing ground for the digital coin’s ability to weather financial upheaval. Starting the year at US$6,950.56, a widespread selloff in March triggered by the pandemic brought its value to US$4,841.67 — a 30 percent decline.

    The low created a buying opportunity that helped Bitcoin regain its losses by May. The rally continued throughout 2020, and the digital asset ended the year at US$29,402.64, a 323 percent year-over-year increase and a 507 percent rise from its March drop.

    By comparison, gold, one of the best-performing commodities of 2020, added 38 percent to its value from the low in March through December, setting what was then an all-time high of US$2,060 per ounce in August.

    Bitcoin’s ascent continued in 2021, rallying to an all-time high of US$68,649.05 in November, a 98.82 percent increase from January. Much of the growth in 2021 was attributed to risk-on investor appetite.

    Increased money printing in response to the pandemic also benefited Bitcoin, as investors with more capital looked to diversify their portfolios. The success of the world’s first cryptocurrency amid the market ups and downs of 2020 and 2021 led to more interest and investment in other coins and digital assets as well. For example, 2021 saw the rise of non-fungible tokens (NFTs), unique crypto assets that are stored, sold and traded digitally using blockchain technology.

    Almost immediately following its record close above US$69,000 in November 2021, Bitcoin’s value began to fall once again. Market uncertainty weighed especially heavily on Bitcoin in 2022. During the second quarter of that year, values dived below US$20,000 for the first time since December 2020.

    On May 7, 2022, Curve Whale Watching posted the first sign that confidence in Terra Luna, a cryptocurrency pegged to the US dollar, was waning after 85 million of its stablecoin UST exchanged for less than the 1:1 ratio it was supposed to maintain. This triggered a massive sell-off that brought Luna’s value down 99.7 percent and eventually resulted in the Terra tokens ceasing to be traded on major crypto exchanges.

    Terra’s collapse had a domino effect on the industry as investors’ faith in crypto crumbled. In July, the Celsius network, a platform where users could deposit crypto into digital wallets to accrue interest, halted all transfers due to “extreme market conditions”, driving down the price of Bitcoin even further to US$19,047, a 60 percent decline from January 2022. In July, Celsius filed for Chapter 11 bankruptcy.

    However, the biggest shake-up to the industry came in November when CoinDesk published findings that cryptocurrency trading firm Alameda Research led by Sam Bankman-Fried had borrowed billions of dollars of customer funds from crypto exchange and sister company FTX. Over a third of Alameda’s assets were tied up in FTT, the native cryptocurrency of FTX.

    Once this news broke, investors withdrew their funds en masse, causing a liquidity crunch that collapsed FTX. Bankman-Fried was later arrested and sentenced to 25 years in federal prison on counts of money laundering, wire fraud and securities fraud.

    Although Bitcoin was never implicated, the fallout of the FTX scandal led to a crisis of confidence across the sector and increased scrutiny from regulators and law enforcement. By the end of 2022, prices for Bitcoin had moved even lower to settle below US$17,000.

    Bitcoin price chart from January 1, 2020, to December 31, 2022.

    Chart via TradingEconomics.com.

    Bitcoin’s powerful performance cannot be understated as evidenced by its price performance in the later half of 2023 and so far in 2024.

    Concerns with the banking system led the price of Bitcoin to rally in March 2023 to US$28,211 by March 21 after the failure of multiple US banks alarmed investors.

    In Q2 2023, Bitcoin continued its ascent, stabilizing above US$25,000 even as the US Securities Exchange Commission (SEC) filed lawsuits against Coinbase Global (NASDAQ:COIN), along with Binance and its founder Changpeng Zhao.

    Although it looked like bad news for the sector, Bitcoin stayed steady, holding above US$25,000. This was supported by BlackRock (NYSE:BLK), the world’s largest asset manager, filing for a Bitcoin exchange-traded fund with the SEC on June 15.

    Bitcoin’s price jumped above US$30,000 on June 21, 2023, and on July 3, 2023, the crypto hit its highest price since May 2022 at US$31,500. It held above US$30,000 for nearly a month before dropping just below on July 16, 2023. By September 11, 2023, prices had slid further to US$25,150.

    Heading into the final months of the year, the Bitcoin price benefited from increased institutional investment on the prospect of the SEC approving a bevy of spot Bitcoin exchange-traded funds by early 2024. In mid-November the price for the popular cryptocurrency was trading up at US$37,885, and by the end of the year that figure had risen further to US$42,228 per BTC.

    2024 Bitcoin price performance

    Bitcoin price chart from January 1, 2024, to November 6, 2024.

    Chart via TradingEconomics.com.

    Once the SEC’s approval of 11 spot Bitcoin ETFs hit the wires, the price per coin jumped again to US$46,620 on January 10, 2024. These investment vehicles were a major driving force behind the more than 42 percent rise in value for Bitcoin in February; it reached US$61,113 on the last day of the month.

    On March 4, Bitcoin surged almost 8 percent in 24 hours to trade at US$67,758, less than 2 percent away from its previous record, and on March 11 it hit a new milestone, surpassing the US$72,000 mark. Three days later, on March 14, Bitcoin reached its highest-ever recorded price of US$73,737.94, surpassing the market cap of silver.

    Bitcoin often surges leading up to the halving events, which is when Bitcoin rewards are halved for miners. The most recent came in April when the reward for completing a block was cut from 6.25 to 3.125 Bitcoin.

    Several sources cited the 2024 halving as one of the forces that drove the price of Bitcoin to its newest high.

    The halving occurred at around 8:10 p.m. EDT on a Friday, and Bitcoin’s price remained stable within the US$63,000 to US$65,000 range over the ensuing weekend. On April 22, the Monday following the halving, it was slightly above US$66,000.

    While Bitcoin’s price stayed relatively stable, the cryptocurrency’s trading volume experienced significant fluctuations through that weekend, with a 45 percent increase from April 19 to April 20 followed by a 68 percent decline on April 21. Between April 30 and May 3, it fell as low as US$56,903 following the Federal Reserve’s April policy meeting, which did not produce a rate cut.

    Reports that the SEC was moving to approve spot Ether ETFs in May sent the price of Bitcoin climbing again alongside that of Ether, the native token of the Ethereum blockchain, which serves as the foundation for these ETFs. Bitcoin passed US$71,000 for the second time ever at 8:00 p.m. EDT on May 20, days before the SEC approved spot Ether ETFs on May 23.

    Bitcoin hovered between US$67,000 and US$69,000 for the remainder of the month and into the middle of June. It fell back below US$67,000 on June 13 and moved lower the next day when the Federal Reserve opted to delay lowering interest rates once again.

    Losses picked up speed through late June and continued in July, with analysts pointing to uncertainty over post-election regulations, Germany’s sell-off of seized Bitcoin assets and concerns about the impact of the defunct trading platform Mt. Gox on the token market. Bitcoin dropped to a two-month low of US$55,880 on July 8, but quickly recovered most of its losses after Federal Reserve Chairman Jerome Powell’s congressional testimony on July 9 that signaled rate cuts may not be far off.

    As crypto gains wider acceptance and accessibility, with more traditional financial institutions and products incorporating digital assets, the type of risk that Bitcoin represents has evolved. Bitcoin was primarily seen as a highly speculative alternative investment. Now, with expanding institutional interest, it is increasingly seen as a ”risk-on” asset – meaning its price movements are influenced by market sentiment, investor confidence and broader economic conditions.

    A rise in Bitcoin’s price ensued after the July 13 assassination attempt of US presidential candidate Donald Trump, who has been actively endorsing the crypto industry for support. Bitcoin rose from US$57,899 to US$66,690 in the week following the incident as the odds of a Trump victory were seen to improve, highlighting the impact of regulatory uncertainty on the market. However, Bitcoin’s price didn’t experience any significant pullbacks in the week after current US President Joe Biden dropped out of the race on July 21 and current Vice President Kamala Harris took over as the new nominee.

    Other significant developments affecting Bitcoin during the summer included the underwhelming performance of spot Ether ETFs, fears of a US government Bitcoin sell-off, Trump’s proposed national Bitcoin stockpile and Trump’s declining chances of winning the election as support for Harris snowballs.

    Bitcoin experienced a tumultuous August, with its price plummeting alongside other digital assets and the stock market on August 5th. Several factors triggered this sell-off, including weaker-than-expected economic data on August 2 and an unexpected interest rate hike in Japan. These events sparked panic in Asian markets, leading investors to liquidate high-risk assets like Bitcoin.

    Despite a brief recovery, Bitcoin continued to fluctuate throughout August, dropping to US$58,430 on the weekend of August 10 and 11, and experiencing further price swings between US$60,700 and US$56,700. While positive inflation data boosted the stock market, Bitcoin struggled to break past a US$60,000 ceiling.

    A brief rally on August 23rd, prompted by the Federal Reserve’s signal to begin lowering interest rates, was quickly followed by another price drop. This pattern of rallies and subsequent declines persisted for the remainder of August and most of September. Bitcoin ended the month at just above US$64,540.

    During the lead up to the 2024 US presidential election had a notable affect on Bitcoin’s price movements, with the Republican party generally seen as more ‘crypto-friendly’ than the Democrats. On October 28, PolyMarket, bettors favored Trump with a 66.1 percent probability of winning compared to Harris’ 33.8 percent. This translated into a 7 percent gain in a little over 24 hours on October 29 to flirt with the previous all-time high, coming in at US$73,295.

    A few days later on November 3, Trump’s lead would seemingly narrow with the gap closing to 55 percent for Trump and 44.3 percent for Harris. The Bitcoin price responded by dropping to US$67,874 on November 4.

    Bitcoin set a then high price on November 6, 2024, when it reached US$76,243 per BTC at 4:00 p.m. EST. This price came after the 45th US President Donald Trump made a stunning political comeback to become the 47th US President. His retaking of the presidency was heralded as hugely positive for the cryptocurrency market.

    “We have a #Bitcoin President,” Michael Saylor, founder of Bitcoin development company Strategy (NASDAQ:MSTR), posted on X.

    Bitcoin crossed the US$100,000 threshold for the first time on December 4, rising as high as US$103,697.

    What was the highest price for Bitcoin?

    Bitcoin set a new all-time high price on July 14, 2025, when it reached US$123,153.22 per BTC at 07:38 a.m. GMT. Reuters reported that the Bitcoin price has rallied more than 60 percent since the US election in early November.

    This latest record high price came as US lawmakers announced key ‘Crypto Week’ bills, and President Trump signaled support for the GENIUS Act, which is expected to create a clear framework for banks and enterprises to issue digital currencies.

    The crypto market has found a friend in the Trump administration thus far. Since it began, US regulators have been more inclined to make policy changes that loosen regulations for crypto investing.

    What is Bitcoin at today?

    As of August 4, 2025, Bitcoin is trading around the US$115,000 level after spending the prior few weeks holding above US$110,000.

    Earlier in 2025, Bitcoin demonstrated its volatile nature when the price of the cryptocurrency fell to as low as US$75,000 per coin by April 9. This represented a key buying opportunity as crypto buffs were anticipating further strength in the market under Trump.

    Soon after, the price of Bitcoin was once again on a steady upward path and breached the US$100,000 level on May 8.

    FAQs for investing in Bitcoin

    What is a blockchain?

    A blockchain is a digitized and decentralized public ledger of all cryptocurrency transactions.

    Blockchains are constantly growing as completed blocks are recorded and added in chronological order. The mechanism by which digital currencies are mined, blockchain has become a popular investment space as the technology is increasingly being implemented in business processes across a variety of industries. These include banking, cybersecurity, networking, supply chain management, the Internet of Things, online music, healthcare and insurance.

    Is Peter Todd Satoshi Nakamoto?

    Canadian software developer Peter Todd has denied he is Satoshi Nakamoto, a claim made by the documentary ‘Money Electric: The Bitcoin Mystery,’ which aired on October 8, based on circumstantial evidence such as posts on an early Bitcoin forum and correspondence between Todd and Hal Finney, who received the first Bitcoin from Satoshi.

    Aired on HBO, the film by Cullen Hoback features interviews with people involved in Bitcoin’s creation and suggests that Todd could be the elusive Satoshi Nakamoto who wrote the 2008 white paper that led to Bitcoin’s launch. Reddit posts dating back to 2015 have also suggested that Todd could be Satoshi.

    Todd has continuously denied the claim, most recently to multiple media outlets, including CoinDesk and Bloomberg.

    How to buy Bitcoin?

    Bitcoin can be purchased through a variety of crypto exchange platforms and peer-to-peer crypto trading apps, and then held in a digital wallet. These include Coinbase Global, CoinSmart Financial Inc (OTC Pink:CONMF, NEO:SMRT), BlockFi, Binance and Gemini.

    What is the Bitcoin halving?

    Unlike traditional currencies that can increase circulation through printing, the number of Bitcoins is finite. This limit is a core function of Bitcoin’s algorithm and was designed to offset inflation by maintaining scarcity. There are 21 million in existence, of which 19,787,175 are in circulation as of August 8. This means there are 1,212,825 still unmined.

    A new Bitcoin is created when a Bitcoin miner uses highly specialized software to complete a block of transaction verifications on the Bitcoin blockchain. Roughly 900 Bitcoins are currently mined per day; however, after 210,000 blocks are completed, a Bitcoin protocol called a halving automatically reduces the number of new coins issued by half. Halving not only counteracts inflation but also supports the cryptocurrency’s value by ensuring that its price will increase if demand remains the same.

    Halvings have occurred every four years since 2012, with the most recent happening on April 19, 2024. The next halving is expected to occur in 2028.

    Bitcoin’s halving has significant implications for the cryptocurrency’s mining activity and supply because of how Bitcoin mining works. Currently, miners are paid 3.125 Bitcoin for every block they complete. After the next halving, the pay rate will lower to 1.5625 Bitcoin for every completed block for the next four years.

    What is Coinbase?

    Coinbase Global is a secure online cryptocurrency exchange that makes it easy for investors to buy, sell, transfer and store cryptocurrencies such as Bitcoin.

    How does crypto affect the banking industry?

    Cryptocurrencies are an alternative to traditional banking, and tend to attract people interested in assets that are outside mainstream systems. According to data from Statista, 53 percent of crypto owners are between the ages of 18 and 34, showing that the industry is drawing younger generations who may be interested in decentralized digital options.

    Privacy is a key draw for cryptocurrency owners, as is the fact that they are separated from third parties such as central banks. Additionally, crypto transactions, including purchases, sales and transfers, are often quick and have fewer associated fees than transactions going through the banking system in the typical manner.

    That said, banks are starting to notice how popular cryptocurrencies are. As Bitcoin and its compatriots become increasingly mainstream, many banks have begun to invest in cryptocurrencies and blockchain companies themselves.

    Is Bitcoin a good investment anymore?

    While Bitcoin has reached new heights in 2025, one of its well-known features is its volatility. Investors who are more accepting of risk could look to the cryptocurrency space as there historically has been money to be made, and Bitcoin is regaining value after plummeting in 2022. However, there is also historically money to be lost, and investors who prefer to take smaller risks should look towards other avenues.

    For more information on investing in Bitcoin right now, check out our article Is Now a Good Time to Buy Bitcoin?

    Who has the most invested in Bitcoin?

    Satoshi Nakomoto, the mysterious founder of Bitcoin, is believed to also be the biggest holder of the coin. Analysis into early Bitcoin wallets has revealed that Nakamoto likely owns over 1 million of the nearly 19.5 million Bitcoins in existence.

    Does Elon Musk own Bitcoin?

    Tesla and Twitter CEO Elon Musk’s association with both Bitcoin and the meme coin Dogecoin is well known, and both his tweets and Tesla’s actions have influenced the cryptocurrencies’ trajectories over the years.

    While it is unknown just how much he owns, Musk has disclosed that he personally has holdings of Bitcoin and Dogecoin, as well as Ether. It was revealed in September 2023 that Musk may be funding Dogecoin on the quiet, according to Forbes.

    As for Tesla, the company purchased US$1.5 billion of Bitcoin in 2021, but sold 75 percent of that the next year. As of July 2025, the EV maker’s Bitcoin holdings were estimated at 11,509 Bitcoin, the eigth-largest bitcoin holdings for a publicly traded company. In a January 2024 post on his social media platform X, Musk said “I still own a bunch of Dogecoin, and SpaceX owns a bunch of Bitcoin.’

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

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    Questcorp Mining and Riverside Resources Announce Commencement of Maiden Drilling Program at the La Union Gold & Silver Project in Mexico

    Investing 9 Mins Read

    Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce that drilling has commenced on its La Union Project in northwest Sonora, Mexico. This work is being carried out by property vendor and operator Riverside Resources Inc. (TSXV: RRI).

    Highlights

    • Initial drill program is designed to expand known zones of mineralization, test new targets, and explore areas surrounding multiple historical mine workings within the 25 km² project area.
    • Drill program will consist of + 1,500m of diamond core drilling across six holes, each averaging 250m in depth.
    • Drilling to test the carbonate-hosted replacement deposit (CRD) style of mineralization, with gold associated with mantos, chimneys, and along structural zones.
    • Angled drill holes are aimed at cutting perpendicular to stratigraphic targets and some structural targets which is typical in CRD systems
    • Structural features may have served as mineralizing conduits and are key targets in the current drill program.

    The recent exploration work over the past three months by Riverside has improved the understanding of the structural geology and stratigraphy in the Sierra El Viejo, the mountain range immediately to the west of La Union Project. The La Union district lies along the flanks of this range, where these updated interpretations help guide current exploration efforts. The exploration target focus is for a large potential gold discovery that expands from previous smaller scale mine operations on the property. The drill program will begin to test the new concepts and expand past previous mining.

    Saf Dhillon, President & CEO states, ‘Questcorp is proud to be working with John-Mark and his whole team at Riverside in what is a historic moment in the development of this property. The La Union Project has had work conducted on it for decades, including the production of 50,000 ounces of gold itself but, it has never had a drill bit pierce the ground until now!’

    Earlier this year, Questcorp entered into a definitive option agreement with Riverside’s wholly owned subsidiary, RRM Exploracion, S.A.P.I. DE C.V. to acquire a 100% interest in the La Union Project. As part of the agreement, Questcorp issued shares to Riverside, making Riverside a shareholder and aligning both parties’ interests in the Project’s success. With funding provided by Questcorp, an initial C$1,000,000 exploration program is now underway. This marks the first phase of a larger, C$5,500,000 work commitment, contingent on exploration results and Questcorp’s continued participation.

    The Drill Program Targets include more than four different areas, beginning with this early-stage stratigraphic and orientation phase of drilling exploration aimed at evaluating the scale of alteration and indications of a mineralized system. This will be the first drilling ever conducted on most of the targets, despite past mining having occurred in the majority of these areas. The initial program will consist of one to three holes per area, primarily for orientation purposes. Follow-up drilling is planned and can be expanded based on initial results, which will help verify the stratigraphy, lithologies, and structural features allowing for improved modeling and next-stage discovery targeting. The four areas are listed below:

    • Union Main Mine Area – The program will use angled drill holes to test limestone and other carbonate stratigraphic hosts within the Clemente Formation, with the potential to reach the underlying Caborca Formation. These units are considered the primary hosts for replacement-style mineralization.
    • North Union Mine Area – The initial focus of the program will be on testing structural interpretations. Additional drilling is anticipated following this first phase, as results will help guide future drill testing of areas with past mining activity and various structural orientations.
    • Cobre Mine Area – The Clemente Formation is the primary host unit, and structural features combined with areas of past mining provide multiple target zones. Drilling will begin with an initial stratigraphic test hole to help orient around the thickness of the host unit and extend into the lower Caborca Formation, which is also a favorable host for CRD-style mineralization.
    • Central Union Area – Structural targets, as possible mineralization feeder zones, are a key focus in this past mining manto area. There are extensive additional target zones in the area, and this initial orientation drilling will provide vectoring for the next stage of drilling and further study of the Clemente Formation, and possibly into the Caborca Formation as currently interpreted.

    General Overview of La Union Project

    The Project is summarized in a recently published NI 43-101 Technical Report available under Questcorp’s SEDAR+ profile (www.sedarplus.ca). Riverside initially acquired the Project and subsequently consolidated additional inlier mineral claims, building a strong land position. Riverside then advanced the Project through surface access agreements and drill permitting, making it a turn-key exploration opportunity for Questcorp.

    The Project was originally identified through Riverside’s exploration work in the western Sonora Gold Belt, conducted in collaboration with AngloGold Ashanti Limited, Centerra Gold Inc., and Hochschild Mining Plc. Earlier research by Riverside Founder John-Mark Staude also contributed to recognizing the district’s potential. Initial work by members of the Riverside team, drawing on more than two decades of geological compilation and analysis, further confirmed the region as highly prospective.

    At the Project, historical mining by the Penoles Mining Company targeted chimney and manto-style replacement bodies within the upper oxide zones. As a result, the underlying sulfide zones represent immediate and compelling drill targets for further exploration.

    The Project features favorable limestone host rocks, an extensive alteration footprint, and multiple small-scale historical workings, with mineralization styles similar to those at the Hermosa Project in southern Arizona. At Hermosa, South32 is advancing mine development following its acquisition of the project from Arizona Mining. On 15 February 2024, South32’s board approved a US $2.16 billion capital investment to develop the Taylor zinc-lead-silver deposit, representing the largest private mining investment in Southern Arizona’s history. The project is now considered one of the most significant undeveloped base-metal assets in the United States.

    At the La Union Project, immediate drill targets offer the potential for significant-scale discoveries. La Union is well positioned for near-term exploration success, with targets that include both oxide and deeper sulfide mineralization.

    Figure 1. Geologic map with the tenure of the Union internal concession shown in pink. Manto and chimney type CRD targets are shown as red polygons. All mineral tenures on this map comprise the La Union project. The drill program will focus on the Union Mine and areas north of the Union Mine with the initial drill work.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/10197/261433_a2ed3d4fb471dade_001full.jpg

    Figure 2. Cross section looking west with conceptual drill targets and schematic drillhole traces. Assays from Riverside’s sampling of rock dump materials from the two mine areas are labeled in black. Red areas are interpreted as manto and chimney target bodies that are now well defined and drill ready. Assays shown on figures 1 and 2 have been previously released and disclosed as summarized below the geochemical QA/QC and in published NI 43-101 Report that Questcorp published 2025 on Sedar+.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/10197/261433_a2ed3d4fb471dade_002full.jpg

    The La Union Project

    The La Union Project is a carbonate replacement deposit (‘CRD’) project hosted by Neoproterozoic sedimentary rocks (limestones, dolomites, and siliciclastic sediments) overlying crystalline Paleoproterozoic rocks of the Caborca Terrane. The structural setting features high-angle normal faults and low-to-medium-angle thrust faults that sometimes served as mineralization conduits. Mineralization occurs as polymetallic veins, replacement zones (mantos, chimneys), and shear zones with high-grade metal content, as shown in highlight grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, along with significant hematite and manganese oxides, consistent with a CRD model (see the technical report entitled ‘NI 43-101 Technical Report on the Union Project, State of Sonora, Mexico’ dated effective May 6, 2025 available under Questcorp’s SEDAR+ profile). These targets also demonstrate intriguing potential for large gold discoveries potentially above an even larger porphyry Cu district potential as the Company’s target concept at this time.

    Questcorp cautions investors that grab samples are selective by nature and not necessarily indicative of similar mineralization on the property.

    The technical and scientific information in this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC), a director of the Company and a ‘qualified person’ under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

    About Questcorp Mining Inc.

    Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

    Contact Information

    Questcorp Mining Corp.

    Saf Dhillon, President & CEO

    Email: saf@questcorpmining.ca
    Telephone: (604) 484-3031

    This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Riverside’s arrangements with geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include but are not limited to: the ability of Riverside to secure geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets as contemplated or at all, general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company 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 required by law.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261433

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