Author

admin

Browsing

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

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Wednesday marks the 80th anniversary of when the U.S. employed the first ever nuclear bomb over the Japanese city of Hiroshima, followed by the bombing of Nagasaki three days later on Aug. 9. But despite nearly a century of lessons learned, nuclear warfare still remains a significant threat.

‘This is the first time that the United States is facing down two nuclear peer adversaries – Russia and China,’ Rebeccah Heinrichs, nuclear expert and senior fellow at the Hudson Institute, told Fox News Digital.

Heinrichs explained that not only are Moscow and Beijing continuing to develop new nuclear capabilities and delivery systems, but they are increasingly collaborating with one another in direct opposition to the West, and more pointedly, the U.S.

‘It’s a much more complex nuclear threat environment than what the United States even had to contend with during the Cold War, where we just had one nuclear peer adversary in the Soviet Union,’ she said. ‘In that regard, it’s a serious problem, especially when both China and Russia are investing in nuclear capabilities and at the same time have revanchist goals.’

Despite the known immense devastation that would accompany an atomic war between two nuclear nations, concern has been growing that the threat of nuclear war is on the rise. 

The bombings of Hiroshima and Nagasaki – which collectively killed some 200,000 people, not including the dozens of thousands who later died from radiation poisoning and cancer – have been attributed with bringing an end to World War II.

But the bombs did more than end the deadliest war in human history – they forever changed military doctrine, sparked a nuclear arms race and cemented the concept of deterrence through the theory of mutually assured destruction.

Earlier this year the Bulletin of Atomic Scientists moved forward the ‘Doomsday Clock’ by one second – pushing it closer to ‘midnight,’ or atomic meltdown, than ever before.

In January, the board of scientists and security officials in charge of the 78-year-old clock, which is used to measure the threat level of nuclear warfare, said that moving the clock to 89 seconds to midnight ‘signals that the world is on a course of unprecedented risk, and that continuing on the current path is a form of madness.’

Despite the escalated nuclear threats coming out of North Korea, and international concern over the Iranian nuclear program, the threat level largely came down to the three biggest players in the nuclear arena: Russia, the U.S. and China.

The increased threat level was attributed to Russia’s refusal to comply with international nuclear treaties amid its continuously escalating war in Ukraine and its hostile opposition to NATO nations, as well as China’s insistence on expanding its nuclear arsenal.

But the Bulletin, which was founded by scientists on the Manhattan Project in 1945 to inform the public of the dangers of atomic warfare, also said the U.S. has a role in the increased nuclear threat level.

‘The U.S. has abdicated its role as a voice of caution. It seems inclined to expand its nuclear arsenal and adopt a posture that reinforces the belief that ‘limited’ use of nuclear weapons can be managed,’ the Bulletin said. ‘Such misplaced confidence could have us stumble into a nuclear war.’

But Heinrichs countered the ‘alarmist’ message and argued that deterrence remains a very real protectant against nuclear warfare, even as Russia increasingly threatens Western nations with atomic use.

‘I do think that it’s a serious threat. I don’t think it’s inevitable that we’re sort of staring down nuclear Armageddon,’ she said. 

Heinrichs argued the chief threat is not the number of nuclear warheads a nation possesses, but in how they threaten to employ their capabilities.

‘I think that whenever there is a threat of nuclear use, it’s because adversaries, authoritarian countries, in particular Russia, is threatening to use nuclear weapons to invade another country. And that’s where the greatest risk of deterrence failure is,’ she said. ‘It’s not because of the sheer number of nuclear weapons.’

Heinrichs said Russia is lowering the nuclear threshold by routinely threatening to employ nuclear weapons in a move to coerce Western nations to capitulate to their demands, as in the case of capturing territory in Ukraine and attempting to deny it NATO access.

Instead, she argued that the U.S. and its allies need to improve their deterrence by not only staying on top of their capabilities but expanding their nuclear reach in regions like the Indo-Pacific.

‘The answer is not to be so afraid of it or alarmed that you capitulate, because you’re only going to beget more nuclear coercion if you do that,’ she said. ‘The answer is to prudently, carefully communicate to the Russians they are not going to succeed through nuclear coercion, that the United States also has credible response options.

‘We also have nuclear weapons, and we have credible and proportional responses, and so they shouldn’t go down that path,’ Heinrichs said. ‘That’s how we maintain the nuclear peace. That’s how we deter conflict. And that’s how we ensure that a nuclear weapon is not used.’

This post appeared first on FOX NEWS

Republican Rep. Marjorie Taylor Greene of Georgia asserted that she is ‘radically AMERICA FIRST,’ shaming those who are not and labeling them as ‘the enemy.’

The congresswoman said that the nation is ‘falling apart.’ 

‘I’m America First. Maybe even America only. I don’t care if you call me an isolationist. America is our home. And it’s falling apart,’ she wrote on social media.

‘When my children’s generation are buried in credit card debt, student loan debt, can’t afford rent, can’t afford car insurance, health insurance, and feel like they will never be able to afford to buy a home, Yes. I’m unapologetically and radically AMERICA FIRST. AND SHAME ON EVERYONE ELSE WHO IS NOT. As a matter of fact YOU are the problem. YOU are the enemy. As a mother, I can’t see it any other way,’ she declared.

Greene has been expressing frustration with the GOP. 

‘I don’t know if the Republican Party is leaving me, or if I’m kind of not relating to Republican Party as much anymore,’ she told the Daily Mail. 

‘I think the Republican Party has turned its back on America First and the workers and just regular Americans,’ Greene said, according to the outlet.

She has served in the U.S. House of Representatives since 2021.

This post appeared first on FOX NEWS

Rep. Marjorie Taylor Greene, R-Ga., is urging that President Donald Trump commute former Rep. George Santos’ seven-year sentence, calling the punishment ‘a grave injustice’ and an ‘abusive overreach by the judicial system.’

The former New York congressman was sentenced to 87 months, or just over seven years, after pleading guilty in 2024 to wire fraud and aggravated identity theft. Santos reported to prison on July 25 to begin serving his sentence.

Santos was assessed the maximum sentence in April by U.S. District Judge Joanna Seybert. He was also ordered to pay nearly $374,000 in restitution and forfeit more than $205,000 in fraud proceeds.

Santos’ guilty plea followed an investigation into campaign finance fraud, donor identity theft and false COVID-era unemployment claims.

On Monday, Greene said in a post on X that she sent a letter to the Office of the Pardon Attorney urging Trump to commute Santos’ sentence.

‘A 7-year prison sentence for campaign-related charges is excessive, especially when Members of Congress who’ve done far worse still walk free,’ she wrote in the post. ‘George Santos has taken responsibility. He’s shown remorse. It’s time to correct this injustice. We must demand equal justice under the law!’

Greene addressed her letter to the Honorable Edward R. Martin Jr., pardon attorney for the U.S. Department of Justice (DOJ), and she acknowledged the gravity of the actions by her former colleague.

‘As a Member of Congress, I worked with Mr. Santos on many issues and can attest to his willingness and dedication to serve the people of New York who elected him to office,’ she wrote. ‘He is sincerely remorseful and has accepted full responsibility for his actions. Furthermore, my office has spoken with a pastor of his who discussed the regret and remorse of Mr. Santos, agreeing that the sentence imposed is a grave injustice.

‘While his crimes warrant punishment, many of my colleagues who I serve with have committed far worse offenses than Mr. Santos yet have faced zero criminal charges,’ Greene continued. ‘I strongly believe in accountability for one’s actions, but I believe the sentencing of Mr. Santos is an abusive overreach by the judicial system.’

Prosecutors shared how Santos and his campaign treasurer, Nancy Marks, doctored donor reports to qualify for national Republican Party funding. They fabricated contributions from Santos’ family and falsely reported a $500,000 loan from Santos, though he had under $8,000 in his accounts.

He also stole credit card information from donors, including ‘victims he knew were elderly persons suffering from cognitive impairment or decline’ and made unauthorized charges to fund both campaign and personal expenses, according to the DOJ. Santos also used a fake political fundraising company to solicit tens of thousands of dollars, which he spent on ‘designer clothing.’

During the pandemic, Santos fraudulently claimed over $24,000 in unemployment benefits while employed at an investment firm. He also submitted false congressional financial disclosures to the House.

Santos was elected in 2022 after flipping New York’s 3rd District for the GOP. His resumé was easily debunked. He falsely claimed academic degrees, Wall Street jobs and family ties to the Holocaust and 9/11. 

He was expelled from Congress in December 2023 after a scathing ethics report, becoming just the sixth member ever removed from the People’s House.

Santos has remained publicly active after his sentencing, selling video messages on Cameo and making social media posts.

Unless pardoned, Santos is expected to remain incarcerated until at least early 2032. He has reportedly appealed to President Donald Trump for clemency. 

Greene and the White House did not immediately respond to Fox News Digital’s request for comment.

Fox News Digital’s Jasmine Baehr contributed to this report.

This post appeared first on FOX NEWS

On Monday, Brazil’s Supreme Court ordered former President Jair Bolsonaro to be placed under house arrest amid ongoing legal proceedings over his alleged attempt to overturn the 2022 presidential election results.

The case has gripped the nation since its inception in 2023 and has intensified international scrutiny, especially as it unfolds under the authority of a Supreme Court justice recently sanctioned by the Trump administration in the United States.

Justice Alexandre de Moraes, who is overseeing the case, accused Bolsonaro, 70, of violating court-imposed restrictions.

According to the ruling, first reported by the Associated Press, Bolsonaro used a Sunday protest in Rio de Janeiro to publicly address supporters using a cellphone owned by one of his three sons, all of whom are lawmakers.

Bolsonaro’s brief message, ‘Good afternoon, Copacabana, good afternoon my Brazil, a hug to everyone, this is for our freedom,’ was deemed a violation of his release conditions.

Bolsonaro’s legal team announced plans to appeal, arguing that the statement was symbolic, not criminal, and did not justify additional restrictions.

Mounting International Fallout

The political stakes have now extended well beyond Brazil. The case triggered backlash from President Trump, a longtime Bolsonaro ally, who tied newly imposed U.S. tariffs on Brazilian imports to what he called an ongoing ‘witch hunt.’ His remarks have further strained the already delicate diplomatic relationship between the two nations.

In a pointed statement on X, the U.S. State Department’s Bureau of Western Hemisphere Affairs condemned the Brazilian court’s actions, writing: ‘Putting even more restrictions on Jair Bolsonaro’s ability to defend himself in public is not a public service. Let Bolsonaro speak!’

The bureau also warned that individuals involved in what it described as ‘sanctioned behavior’ would be held accountable.

The statement marked a sharp escalation, particularly as it followed closely on the heels of sanctions imposed by the U.S. Treasury Department, under Trump’s administration, against Justice de Moraes. He was designated a ‘U.S.-sanctioned human rights abuser’ and accused of weaponizing the judiciary to silence political opponents.

The Basis for Sanctions

Secretary of the Treasury Scott Bessent accused de Moraes of leading an unlawful crackdown:

‘Alexandre de Moraes has taken it upon himself to be judge and jury in an unlawful witch hunt against U.S. and Brazilian citizens and companies. He is responsible for an oppressive campaign of censorship, arbitrary detentions, and politicized prosecutions—including those against former President Jair Bolsonaro,’ Bessent said.

These sanctions were imposed under Executive Order 13818, issued during Trump’s first term in 2017. The order declared a national emergency concerning global human rights abuses and corruption and expanded upon the Global Magnitsky Human Rights Accountability Act passed in 2016. The law empowers the U.S. government to impose financial and travel sanctions on foreign officials accused of human rights violations.

Despite growing international pressure, the Brazilian government has yet to issue a formal response.

Details of the Case

Brazilian prosecutors allege that Bolsonaro led a coordinated effort to delegitimize, and ultimately overturn, the results of the 2022 election, including planning violent acts and even an alleged assassination plot targeting President Luiz Inácio Lula da Silva and Justice de Moraes. Bolsonaro lost the election by a narrow margin.

A panel of Supreme Court justices accepted the charges in March, ultimately ordering Bolsonaro to stand trial. Monday’s house arrest ruling builds on earlier restrictions: an ankle monitor, a nighttime curfew, and a travel ban keeping the former president confined to Brasília despite his deep political roots in Rio de Janeiro.

A former army captain and deeply polarizing figure, Bolsonaro now joins a short but consequential list of former Brazilian presidents arrested since the country’s return to democracy in 1985, a system he has frequently criticized and linked to the military dictatorship he once praised.

Justice de Moraes, defending the court’s decision, wrote: ‘The judiciary will not allow itself to be mocked. Justice applies equally to everyone. A defendant who knowingly violates precautionary measures—especially for the second time—must face legal consequences.’

Fox News’ Alec Schemmel and The Associated Press contributed to this report. 

Stepheny Price is a writer for Fox News Digital and Fox Business. She covers topics including missing persons, homicides, national crime cases, illegal immigration, and more. Story tips and ideas can be sent to stepheny.price@fox.com

This post appeared first on FOX NEWS

Lockheed Martin is designing a space-based missile interceptor and aims to test the technology for potential integration into President Donald Trump’s ‘Golden Dome’ defense shield within the next three years.

The defense contractor revealed this week that it hopes to test a satellite defensive weapon capable of destroying hypersonic missiles by 2028.

If successful, this would mark the first time in history the United States has deployed interceptors in space to destroy enemy missiles before they reach the homeland. Lockheed is still weighing different technologies, ranging from lasers to kinetic satellites that could maneuver and strike high-speed targets in flight.

‘We have missile warning and tracking satellites made by Lockheed Martin in orbit today that provide timely detection and warning of missile threats,’ said Amanda Pound, mission strategy and advanced capabilities director at Lockheed Martin Space, told Fox News Digital.

‘We are committed to making space-based interceptors for missile defense a reality, leveraging our decades of experience, investments, and industry partnerships, to be ready for on orbit testing in 2028.’

Lockheed’s space interceptor project directly supports Trump’s ‘Golden Dome for America’ initiative, first unveiled in May 2025. The ambitious missile defense concept calls for a global constellation of satellites armed with sensors and interceptors, designed to detect, track and eliminate advanced missile threats – including hypersonic and ballistic weapons – before they can strike U.S. soil.

The idea echoes President Ronald Reagan’s 1983 Strategic Defense Initiative, often dubbed ‘Star Wars,’ which was dismissed at the time as science fiction. But today, the technologies once seen as far-fetched are rapidly advancing, according to defense leaders.

Gen. Michael Guetlein, appointed by the Trump administration to head Golden Dome, emphasized that key components of the system already exist, expressing confidence in achieving a test-ready platform by 2028. Still, it’s no easy feat.

‘Intercepting a missile in orbit is a pretty wicked hard problem physics‑wise,’ said Jeff Schrader, vice president of Lockheed’s space division. ‘But not impossible,’ he added, noting breakthroughs in maneuverability and guidance systems.

Analysts caution that to make the Golden Dome vision a reality, the U.S. may need to launch thousands of interceptors into orbit. Some have compared it to the Cold War–era ‘Brilliant Pebbles’ program, which proposed a similar space-based missile shield but was eventually shelved due to skyrocketing costs and technical hurdles.

Golden Dome is currently projected to cost $175 billion, with $25 billion already approved by Congress. But long-term estimates range anywhere from $161 billion to over $830 billion over two decades – raising questions about the program’s affordability and long-term sustainability.

Meanwhile, Lockheed is bolstering ground-based missile defense systems to complement the orbital layer. In March 2025, the company’s Aegis Combat System aboard the USS Pinckney successfully simulated the interception of hypersonic medium-range missiles during the FTX-40 exercise, codenamed Stellar Banshee.

The company is also advancing infrared seeker technology for interceptors, which would enhance the tracking and targeting of fast-moving missiles in their terminal phase.

Lockheed remains a central player in the Pentagon’s broader missile defense and hypersonic weapons development effort. It is the prime contractor for the Next Generation Interceptor (NGI), which is targeting an initial operating capability by the end of fiscal year 2028.

Simultaneously, the company is fulfilling Navy contracts for its Conventional Prompt Strike (CPS) hypersonic weapons system. Sea-based deployment of CPS is expected to begin between 2027 and 2028.

President Trump has publicly stated he wants Golden Dome operational by the end of his term. But industry officials warn that supply chain limitations and the Pentagon’s slow-moving procurement system make full deployment by 2029 unlikely.

This post appeared first on FOX NEWS

Amazon is laying off roughly 110 employees in its Wondery podcast division and the head of the group is leaving as part of a broader reshuffling of the company’s audio unit.

In a Monday note to staffers, Steve Boom, Amazon’s vice president of audio, Twitch and games, said the company is consolidating some Wondery units under its Audible audiobook and podcasting division. Wondery CEO Jen Sargent is also stepping down from her role, Boom said.

“These changes will not only better align our teams as they work to take advantage of the strategic opportunities ahead but, even more crucially, will ensure we have the right structure in place to deliver the very best experience to creators, customers and advertisers,” Boom wrote in the memo, which was viewed by CNBC. “Unfortunately, these changes also include some role reductions, and we have notified those employees this morning.”

Bloomberg was first to report on the job cuts.

The move comes nearly five years after Amazon acquired Wondery as part of a push to expand its catalog of original audio content. The podcasting company made a name for itself with hit shows like “Dirty John” and “Dr. Death.”

More recently, Wondery signed several lucrative licensing deals with Jason and Travis Kelce’s “New Heights” podcast, along with Dax Shepard’s “Armchair Expert.”

Amazon is streamlining “how Wondery further integrates” into the company by separating the teams that oversee its narrative podcasts from those developing “creator-led shows,” Boom wrote.

The narrative podcasting unit will consolidate under Audible, and creator-led content will move to a new unit within Boom’s organization in Amazon called “creator services,” he wrote.

Amazon’s audio pursuits face a heightened challenge from the growing popularity of video podcasts on Alphabet’s YouTube, which now hosts an increasing number of shows.

Video shows require different discovery, growth and monetization strategies than “audio-first, narrative series,” Boom wrote in the memo to Amazon staffers.

“The podcast landscape has evolved significantly over the past few years,” Boom said.

This post appeared first on NBC NEWS

WASHINGTON — The Agriculture Department allowed six additional states Monday to bar participants in the Supplemental Nutrition Assistance Program from using their benefits to buy certain processed foods, such as sodas and candy.

The SNAP waivers for West Virginia, Florida, Colorado, Louisiana, Oklahoma and Texas amend the statutory definition of food for purchase and put an end to the subsidization of popular types of junk food beginning in 2026.

The administration of President Donald Trump has encouraged all states to take such measures as part of its “Make America Healthy Again” initiative, named for the social movement led by Health Secretary Robert F. Kennedy Jr.

The USDA had so far signed waivers to allow six states — Arkansas, Idaho, Utah, Iowa, Indiana and Nebraska — to place similar purchasing restrictions on SNAP recipients.

“I hope to see all 50 states join this bold commonsense approach. For too long, the root causes of our chronic disease epidemic have been addressed with lip service only,” said the U.S. Food and Drug Commissioner Marty Makary.

Agriculture Secretary Brooke Rollins announced the additional waivers at an event at the USDA headquarters in Washington.

“These state waivers promote healthier options for families in need,” said Secretary Rollins.

More than 42 million people receive SNAP benefits, sometimes called food stamps, as part of the nation’s largest anti-hunger program.

The massive tax cut and spending bill signed by President Trump in July makes significant changes to the SNAP program, including expanding work requirements and shifting more spending for the program to states.

This post appeared first on NBC NEWS

Conservative media baron Rupert Murdoch will give President Donald Trump regular updates on his health as part of an agreement to postpone Murdoch’s deposition in Trump’s $10 billion defamation lawsuit against him over a Wall Street Journal article about late sex offender Jeffrey Epstein.

The unusual stipulation comes a week after Trump’s lawyers sought a quick deposition in the case. Their filing in Miami federal court implied that Murdoch might be either dead or too sick to testify in person by the time the case went to trial.

“Murdoch is 94 years old, has suffered from multiple health issues throughout his life, is believed to have suffered recent significant health scares, and is presumed to live in New York, New York,” Trump’s lawyers said in their filing last week.

Murdoch’ agreement to divulge highly personal information about his health to Trump and his lawyers contrasts sharply with the cozy relationship Murdoch’s Fox News has had with the president over the years.

Fox News for more than a decade has acted as a cheerleader for Trump and his policies. The president is an avid watcher of the conservative network, and several of his key administration officials have worked for Fox. Trump’s daughter-in-law, Lara Trump, currently has a show on Fox News.

The new deal, outlined in a court filing jointly filed by Trump’s and Murdoch’s lawyers late Monday night, postpones Murdoch’s deposition in the case until after a judge rules on his and other defendants’ motions to dismiss Trump’s lawsuit.

If the judge denies that dismissal motion, Murdoch would have to sit for questioning under oath from Trump’s lawyers within 30 days.

The deal has to be approved by the judge, but it is likely to be approved given that both sides have agreed to it.

When the judge signs off on it, Murdoch will be required within three calendar days to give Trump’s’ lawyers “a sworn declaration describing his current health condition,” according to the stipulation filed Monday.

“Defendant Murdoch has further agreed to provide regularly scheduled updates to Plaintiff regarding his health, including a mechanism for him to alert the Plaintiff if there is a material change to his health,” the filing says.

That mechanism is described in a separately signed agreement, which was not publicly filed with the court.

If Murdoch fails to provide the updates as agreed to in the abatement agreement, he will have to sit for an “expedited” deposition, the filing says.

A spokesman for Trump declined to comment on the filing.

CNBC has requested comment from Dow Jones & Co., the publisher of the Journal, which is owned by Murdoch’s News Corp.

Trump’s suit alleges defamation for a Wall Street Journal article in July which said he had sent Epstein a “bawdy” birthday card in 2003 for Epstein’s 50th birthday.

Trump, who denies writing the note, sued Murdoch; News Corp and its CEO Robert Thomson; Dow Jones & Co.; and the two reporters who wrote the article.

For weeks, the president and the Justice Department have faced criticism for a decision not to release investigative files about Epstein, a former friend of Trump’s, who died by suicide in jail in 2019, after being arrested on child sex trafficking charges.

This post appeared first on NBC NEWS

 

Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the OTCQB Venture Virtual Investor Conference to be held August 7 th .

 

Individual investors, institutional investors, advisors, and analysts are invited to attend.

  REGISTER HERE   

 

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations, or schedule 1×1 meetings with management.

 

‘Now in its seventh year, the OTCQB Venture Investor Conference has become the go-to platform for innovative early-stage companies to connect directly with investors,’ said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. ‘It offers a unique window into the momentum and vision driving the next generation of public companies.’

 

  August 7   th  

 

                                             

  Eastern  
Time (ET)  
  Presentation     Ticker(s)  
  9:30 AM ET   Sparc AI Inc.   (OTCQB: SPAIF | CSE: SPAI)  
  10:00 AM ET   Surge Copper. Corp   (OTCQB: SRGXF | TSXV: SURG)  
  10:30 AM ET   ReGen III Corp.   (OTCQB: ISRJF | TSXV: GIII)  
  11:00 AM ET    Silver47 Exploration Corp.   (OTCQB: AAGAF | TSXV: AGA,OTC:AAGAF)
  11:30 AM ET   Nature’s Miracle Holding Inc.   (OTCQB: NMHI)  
  12:00 PM ET   Zero Candida Technologies Inc.   (OTCQB: ZCTFF | TSXV: ZCT)  
  12:30 PM ET   Oncotelic Therapeutics, Inc.   (OTCQB: OTLC)  
  1:00 PM ET   Telo Genomics Corp.   (OTCQB: TDSGF | TSXV: TELO)  
  1:30 PM ET   Zomedica Corp.   (OTCQB: ZOMDF)  
  2:00 PM ET   Metaguest.AI Incorporated   (OTCQB: MGSTF | CSE: METG)  
  2:30 PM ET   Waste Energy Corp.   (OTCQB: WAST)  
  3:00 PM ET   CleanGo Innovations Inc.   (OTCQB: CLGOF | CSE: CGII)  
  3:30 PM ET   Sekur Private Data Ltd.   (OTCQB: SWISF | CSE: SKUR)  
  4:00 PM ET   CyberCatch Holdings, Inc.   (OTCQB: CYBHF | TSXV: CYBE)  

 

 
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .

 

  About Virtual Investor Conferences   ®

 

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

 

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

 

  Media Contact:  
OTC Markets Group Inc. +1 (212) 896-4428,   media@otcmarkets.com   

 

  Virtual Investor Conferences Contact:  
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com  

 

   

 

 

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com