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The far-right Party for Freedom (PVV) is leaving the Netherlands’ government, toppling the governing coalition, its leader Geert Wilders said on Tuesday.

Wilders, who is not himself part of government, presented the cabinet with an ultimatum last week to strengthen its asylum policy.

“No signature for our asylum plans,” he posted on X on Tuesday. “PVV is leaving the coalition.”

This is a developing story and will be updated.

This post appeared first on cnn.com

Here’s a quick recap of the crypto landscape for Monday (June 2) as of 9:00 p.m. UTC.

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

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$104,369 as markets wrapped, down 0.7 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$103,984 and a high of US$104,589.

Bitcoin performance, June 2, 2025.

Chart via TradingView.

After hitting nearly US$103,100 on May 31, Bitcoin held above US$104,500 to close its weekly candle.

The cryptocurrency traded around US$104,000 on Monday as uncertainty continued to plague centralized and decentralized markets in the final month of the second quarter.

Crypto analyst Daan Crypto Trades identified the mid-range level around US$99,600 and a resistance area near US$108,000 as key zones to watch for potential reversal signals during the first week of June. He emphasized that early June moves may be ‘fakeouts,’ with the real trend emerging afterward.

Ethereum (ETH) finished the trading day at US$2,533.47, a 0.4 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,494.99 and saw a daily high of US$2,555.62.

Altcoin price update

  • Solana (SOL) closed at US$152.44, down 2.1 percent over 24 hours. SOL experienced a low of US$152.34 in the final minutes of trading and reached a high of US$154.27.
  • XRP is trading at US$2.16, reflecting a 0.1 percent decrease over 24 hours. The cryptocurrency reached a daily low of US$2.14 and a high of US$2.17.
  • Sui (SUI) peaked at US$3.28, showing a decreaseof 0.2 percent over the past 24 hours. Its lowest valuation on Monday was US$3.25, and its highest was US$3.32.
  • Cardano (ADA) is trading at US$0.6724, down 0.8 percent over the past 24 hours. Its lowest price of the day was US$0.6708, and it reached a high of US$0.6776.

Today’s crypto news to know

Circle aims for US$7.2 billion valuation in expanded US IPO

Stablecoin issuer Circle is aiming for a US$7.2 billion valuation in its upsized initial public offering (IPO), signaling strong investor interest amid a friendlier US regulatory environment under President Donald Trump.

The company and its backers now hope to raise up to US$896 million by offering 32 million shares.

Circle’s USDC, the world’s second largest stablecoin, is expected to benefit from pending legislation that could drive more institutional adoption. The firm reported a 55 percent jump in reserve income for Q1, reaching nearly US$558 million, though this was offset by a 68 percent surge in distribution and transaction costs.

Circle’s primary distribution partner is Coinbase Global (NASDAQ:COIN), with others contributing to global reach. The IPO is being led by JP Morgan Chase (NYSE:JPM), Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS).

Circle will trade under the ticker symbol ‘CRCL’ on the NYSE later this week.

BitoPro possibly hacked for US$11 million, exchange silent

Taiwan’s BitoPro exchange may have suffered a major breach on May 8, according to blockchain investigator ZachXBT, with over US$11.5 million in crypto drained from its hot wallets.

The attackers allegedly compromised wallets across Ethereum, Solana, Tron and Polygon, then funneled the assets through mixers like Tornado Cash and Wasabi Wallet to cover their tracks.

BitoPro has yet to publicly acknowledge the breach, instead citing routine “system maintenance” as the reason for service disruptions last month. The exchange remains quiet on its official channels despite mounting evidence of a hack.

BitoPro, operated by BitoGroup, has served Taiwan’s crypto market since 2018, and continues to process over US$20 million in daily volume.

Lubin credits Saylor for inspiring Ethereum treasury push

Ethereum co-founder Joe Lubin says a conversation with Bitcoin bull Michael Saylor prompted him to explore the creation of a treasury firm focused on Ether, according to Bloomberg.

Inspired by Saylor’s success turning Strategy (NASDAQ:MSTR) into a leveraged Bitcoin proxy, Lubin launched a new initiative through SharpLink Gaming (NASDAQ:SBET), raising US$425 million to buy Ether.

Lubin, who is now chair of SharpLink, expects to raise even more capital through share offerings and bonds — mirroring Saylor’s approach, but with a focus on Ethereum.

Following the announcement, SharpLink’s share price soared over 1,000 percent in just a few days. Lubin believes this will spark a wave of similar Ether-focused strategies and drive institutional demand.

While Bitcoin has enjoyed a clearer investment narrative as “digital gold,” Lubin argues Ether’s broader utility is underappreciated and ripe for a narrative shift.

Saylor’s Strategy boosts Bitcoin holdings by 705 BTC

Strategy acquired another 705 BTC for US$75.1 million between May 26 and May 30.

The latest purchases were made at an average price of US$106,495 per coin, and followed the sale of 3,750 Class A shares between May 22 and 29 by Strategy director Jarrod Patten, worth nearly US$1.4 million.

According to Strategy’s data, the latest purchase brought its year-to-date BTC yield to 16.9 percent. The company’s quarter-to-date BTC yield is now 5.4 percent. Strategy is looking to reach a BTC yield target of 25 percent year-to-date by the end of 2025. The company previously targeted a 15 percent yield, but increased it on May 1.

Strategy now holds 581,000 BTC, or 2.9 percent of all Bitcoin that have been mined to date.

Metaplanet buys more Bitcoin, holdings top US$930 million

Japan’s Metaplanet (TSE:3350,OTCQX:MTPLF) has acquired another 1,088 BTC, pushing its total Bitcoin stash past 8,888 coins — now worth over US$930 million. The latest purchase cost the firm US$117.5 million, bringing its average BTC acquisition price to just over US$108,000 per coin. Since adopting its Bitcoin treasury policy in April 2024, Metaplanet has rapidly climbed the ranks of corporate BTC holders and is now the largest in Asia.

The company recently raised US$50 million through zero-interest bonds to finance its latest round of acquisitions without issuing new stock. Year-to-date, Metaplanet reports a 66 percent return on its BTC holdings, and it has added over 7,000 coins in 2025 alone. The firm is targeting a total of 10,000 BTC by year end.

Tether enhances gold-backed token

Tether’s gold-backed token, Tether Gold (XAU₮), has been enhanced with an omnichain version, XAU₮0.

It is now available on the Open Network (TON) blockchain. This move enables the trading of digital gold and deepens the collaboration between Tether and TON. XAU₮, Tether’s original gold token, is available as an ERC-20 token on Ethereum and a TRC-20 token on TRON. The new version leverages LayerZero’s OFT standard to facilitate native movement across multiple blockchains without wrapping or redeploying new tokens on each chain.

According to Tether’s Q1 attestation report, it has over 7.7 metric tons of physical gold backing the XAUT stablecoin.

MAS orders crypto firms to halt overseas services

The Monetary Authority of Singapore (MAS), the country’s central bank, has ordered local crypto service providers to stop offering digital token services to overseas markets by June 30.

The directive came in response to industry feedback on a proposed regulatory framework for Digital Token Service Providers (DTSPs) under the Financial Services and Markets Act (FSM Act), passed in April 2022.

The act requires DTSPs with overseas operations to comply with anti-money laundering and counter-terrorist financing standards, even if they do not offer services within Singapore.

“DTSPs which are subject to a licensing requirement under section 137 of the FSM Act must suspend or cease carrying on a business of providing DT services outside Singapore by 30 June 2025,” MAS wrote.

MAS states that any Singapore-incorporated company, individual or partnership that provides DT services outside Singapore must either cease operations or obtain a license when the DTSP provisions come into force.

Companies found violating the laws will be subject to hefty fines of up to 250,000 Singaporean dollars (US$200,000) and imprisonment of up to three years. Firms licensed or exempted under the Securities and Futures Act, Financial Advisors Act or Payment Services Act may continue to operate without conflicting with the new rules.

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

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

This post appeared first on investingnews.com

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (FSE: W0H) (the ‘Company’ or ‘West High Yield’) announces announces the receipt of proceeds from the exercise of certain warrants (the ‘Warrants’) of the Company.

One holder of Warrants (the ‘Warrantholder‘) exercised 50,000 Warrants resulting in the issuance of 50,000 common shares of the Company (each, a ‘Warrant Share‘). The specific Warrants held and exercised by the Warrantholder were exercisable at a price of CAD$0.30 per Warrant Share, resulting in gross proceeds to the Company in the amount of CAD$15,000 upon such exercise. The Warrants exercised by the Warrantholder were issued to the Warrantholder, among others, as part of a private placement offering of the Company that closed on November 9, 2024.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its world-class Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101‘) Preliminary Economic Assessment technical report (titled ‘Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada’) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

Qualified Person

Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

Contact Information:

West High Yield (W.H.Y.) RESOURCES LTD.

Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: frank@whyresources.com

Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: barry@whyresources.com

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254269

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Canadian wildfires are hitting Manitoba hard, triggering the evacuation of over 17,000 people in province.

“This is the largest evacuation Manitoba will have seen in most people’s living memory,” Premier Wab Kinew said in a May 28 statement. He declared a province-wide state of emergency and confirmed that Canadian military aircraft would be deployed ‘imminently’ to assist with evacuations and firefighting efforts.

“For the first time, it’s not a fire in one region. We have fires in every region. That is a sign of a changing climate that we are going to have to adapt to,’ Kinew also noted in a press conference.

As of Monday (June 2), 188 active wildfires were burning across Canada, with more than half categorized as ‘out of control,’ according to the Canadian Interagency Forest Fire Center.

Manitoba, BC, Alberta, Saskatchewan and Ontario are all experiencing severe fire conditions, and the country has raised its National Preparedness Level to five — the highest — weeks earlier than in previous years.

Mining operations halted, evacuations underway

The escalating fire threat has forced mining companies to shut down or scale back operations.

Alamos Gold (TSX:AGI,NYSE:AGI) has temporarily paused activity at its Lynn Lake gold project, located near the Northwestern Manitoba town of the same name; it was ordered to evacuate on May 27.

In Southeastern Manitoba, fires have threatened Grid Metals’ (TSXV:GRDM,OTCQB:MSMGF) lithium and nickel projects, as well as Sinomine Resource Group’s (SZSE:002738) Tanco lithium mine. Grid suspended its activities in mid-May as wildfires approached, and Tanco mine personnel have reportedly evacuated the area.

Tanco is one of only two producing lithium mines in Canada.

In Northern Manitoba, the town of Flin Flon — home to around 5,000 residents — is on high alert as wildfires encroach. Only essential personnel, authorized by emergency services, remain to aid with emergency operations.

Though Hudbay Minerals (TSX:HBM,NYSE:HBM) ceased production there following the 2022 closure of its 777 mine, the company maintains support facilities, concentrate handling operations and fabrication shops in the area.

Hudbay has also paused exploration in the Flin Flon and Snow Lake regions while focusing on employee safety and support for local evacuation efforts. “The safety of our employees, their families and the communities we serve is our top priority,” said Rob Carter, vice president of Hudbay’s Manitoba business unit.

The company is securing alternative accommodations in Snow Lake — 200 kilometers east — for evacuated staff and deploying trained emergency responders to assist with firefighting.

In Saskatchewan, Foran Mining (TSX:FOM,OTCQX:FMCXF) has managed to keep its McIlvenna Bay project intact after aggressive firefighting measures and improving weather conditions. The firm evacuated about 540 non-essential personnel on May 22, retaining a core team of 44 employees and wildfire contractors to safeguard the site.

The company said in a Monday statement that reinforced firebreaks and natural barriers helped stop the fire within 1 kilometer of the tailings storage facility and 3 kilometers of main infrastructure.

The surge in wildfires is part of a worrying trend. The 2023 fire season was the worst in Canadian history, and experts warn that such seasons may become the norm due to climate change.

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

This post appeared first on investingnews.com

Global uranium production has experienced significant fluctuations over the past decade.

After peaking at 63,207 metric tons in 2016, global uranium output declined over the subsequent years as many uranium mines were rendered uneconomic by persistent low spot prices due to factors such as oversupply and lower demand following the 2011 Fukushima disaster. In 2022, world uranium production totaled just 49,355 metric tons.

However, the uranium market started turning around in 2021, leading uranium miners to begin restarting production at their mines in recent years. In early 2024, prices surged to a 17 year high of US$106 per pound, driven by a growing global commitment to nuclear energy as a low-carbon power source and supply concerns from major producers like Kazakhstan’s Kazatomprom (LSE:KAP,OTC Pink:NATKY).

Currently, 10 percent of the world’s electricity is generated by nuclear energy, and that number is expected to grow. Looking forward, analysts are calling for a sustained bull market in uranium.

Prices have since stabilized around US$70 per pound as of mid-2025, and the market remains bullish due to a persistent supply-demand imbalance.

Because of uranium’s significance in nuclear fuel production and energy generation, it’s important to know where uranium is mined and which nations are the largest uranium-producing countries. Kazakhstan is the leader by a long shot, and has been since 2009. In 2022, the most recent year for which data is available, Canada and Namibia took second and third place, respectively, for uranium production.

For investors interested in following the uranium space, having familiarity with uranium production by country is essential. Read on to get a closer look at the largest uranium-producing countries. Data and mine information on the top 10 uranium producing countries are from the World Nuclear Association’s most recent report on uranium mine production and mining database MDO.

1. Kazakhstan

Mine production: 21,227 metric tons

Kazakhstan is the largest uranium producing country in the world, and its total output of 21,227 metric tons in 2022 accounted for an impressive 43 percent of global uranium supply.

When last recorded in 2021, Kazakhstan had 815,200 MT of known recoverable uranium resources, second only to Australia. Most of the uranium in the country is mined via an in-situ leaching process.

Kazataprom, the country’s national uranium miner, is the world’s largest producer, with projects and partnerships in various jurisdictions. News that the top uranium producer may miss its production targets for 2024 and 2025 was a large contributor to uranium prices breaking through the US$100 level last year.

One of the company’s most significant uranium operations is the Inkai in-situ recovery (ISR) mine, a 60/40 joint venture with Cameco (TSX:CCO,NYSE:CCJ). According to the mining database MDO, Inkai produced 8.3 million pounds of U3O8 in 2023.

Production at Inkai was temporarily suspended in early 2025 due to a regulatory delay that has since been rectified.

In May, Kazatomprom announced that its subsidiary’s 40 percent owned joint venture, Taiqonyr Qyshqyl Zauyty, secured US$189 million in financing from the Development Bank of Kazakhstan to build an 800,000 MT per year sulfuric acid plant in the Turkestan region. The plant is expected to be operational by Q1 2027.

2. Canada

Mine production: 7,351 metric tons

Canada’s uranium output in 2022 was 7,351 metric tons. The country’s production fell dramatically since hitting a peak of 14,039 MT in 2016 as the country’s mines closed due to low uranium prices in the late 2010s. However, uranium production in the country began to rebound in 2022.

Saskatchewan’s Cigar Lake and McArthur River are considered the world’s two top uranium mines. Both properties are operated by sector major Cameco. MDO highlights Cigar Lake and McArthur River as having uranium grades that are 100 times the world average. The company made the decision to shutter operations at the McArthur River mine in 2018, but returned to normal operations in November 2022.

In 2023, Cameco produced 17.6 million pounds of uranium — equivalent to 7,983 metric tons — which was still below its originally planned production of 20.3 million pounds for the year. However, the company’s 2024 uranium output climbed to 23.1 million pounds, beating its guidance for the year.

For 2025, the uranium major plans to produce 18 million pounds of uranium at McArthur River/Key Lake and 18 million pounds at Cigar Lake.

Uranium exploration is also prevalent in Canada, with the majority occurring in the uranium-rich Athabasca Basin in the province of Saskatchewan. The Athabasca Basin is world renowned for its high-quality uranium deposits and friendly mining attitude, and Saskatchewan’s long history with the uranium industry has helped to assert it as an international leader in the sector.

3. Namibia

Mine production: 5,613 metric tons

Namibia’s uranium production totaled 5,613 metric tons in 2022. The country’s uranium output has been steadily increasing after falling to 2,993 MT in 2015.

In fact, the African nation overtook longtime frontrunner Canada to become the third largest uranium-producing country in 2020, and went on to surpass Australia for the second top spot in 2021. Although Namibia slipped back below Canada in 2022, its output for the year was only down by 140 MT from 2021.

The country is home to three key uranium mines: Langer Heinrich, Rössing and Husab. Paladin Energy (ASX:PDN,OTCQX:PALAF) owns the Langer Heinrich mine. In 2017, Paladin took Langer Heinrich offline due to weak uranium prices. However, improved uranium prices over the past few years prompted the uranium miner to ramp up restart efforts, and Langer Heinrich achieved commercial production once again in Q1 2024.

Paladin initially forecast fiscal 2025 output of 4 million to 4.5 million pounds of U3O8, but revised it in November 2024 to 3 million to 3.6 million pounds due to inconsistent ore stockpiles and water supply issues. In March 2025, after heavy rains further disrupted operations, Paladin removed its guidance altogether. The company is now facing two class action lawsuits regarding the guidance revisions.

Rio Tinto (NYSE:RIO,ASX:RIO,LSE:RIO) sold its majority share of the Rössing mine to China National Uranium in 2019. Rössing is the world’s longest-running open-pit uranium mine, and recent expansion efforts have extended its mine life to 2036, according to MDO.

The Husab mine, majority owned by China General Nuclear, is one of the world’s largest uranium mines by output. As part of its effort to increase output, MDO reports that a pilot heap leach project is underway to assess the economic feasibility of processing lower-grade ore. The results of the pilot project are expected in 2025.

4. Australia

Mine production: 4,087 metric tons

Australia’s uranium production totaled 4,087 metric tons in 2022, down significantly from the 6,203 MT produced two years prior. The island nation holds 28 percent of the world’s known recoverable uranium resources.

Uranium mining is a contentious and often political issue in Australia. While the country permits some uranium-mining activity, it is opposed to using nuclear energy — at least for now.

‘Australia uses no nuclear power, but with high reliance on coal any likely carbon constraints on electricity generation will make it a strong possibility,” according to the World Nuclear Association. “Australia has a significant infrastructure to support any future nuclear power program.”

Australia is home to three operating uranium mines, including the largest-known deposit of uranium in the world, BHP’s (NYSE:BHP,ASX:BHP,LSE:BHP) Olympic Dam. Although uranium is only produced as a by-product at Olympic Dam, its high output of the metal makes it the fourth largest uranium-producing mine in the world. The mining database MDO reports that In BHP’s 2024 fiscal year, uranium output from the Olympic Dam operation totaled 3,603 metric tons of uranium oxide concentrate.

5. Uzbekistan

Mine production: 3,300 metric tons

In 2022, Uzbekistan was the fifth largest uranium producing country, with output of 3,300 metric tons. It entered the top five in 2020, with an estimated 3,500 MT of output. Domestic uranium production had been gradually increasing in the Central Asian nation since 2016 via Japanese and Chinese joint ventures.

Navoiyuran, which was spun out of state-owned Navoi Mining & Metallurgy Combinat in 2022 as part of a restructuring, handles all the mining and processing of domestic uranium supply. The nation’s uranium largess continues to attract foreign investment; strategic partnerships with French uranium miner Orano and state-run China Nuclear Uranium were announced in November 2023 and March 2024, respectively.

Orano also partnered with the state uranium company in 2019, forming a 51/49 joint venture, Nurlikum Mining, to develop the South Djengeldi uranium project. In early 2025, the pair was joined by Japan’s ITOCHU (TSE:8001), who acquired an undisclosed minority stake. The mine, located in the Kyzylkum Desert, is projected to produce up to 700 metric tons of uranium annually over a lifespan exceeding a decade. An exploration program aims to at least double the project’s mineral resources.

6. Russia

Mine production: 2,508 metric tons

Russia was in sixth place in terms of uranium production in 2022 with production of 2,508 metric tons. Output has been relatively steady in the country since 2011, usually coming in around the 2,800 to 3,000 MT range.

Experts had been expecting the country to increase its production in the coming years to meet its energy needs, as well as growing uranium demand around the world. But in 2021, uranium production in the country dropped by 211 MT year-over-year to 2,635 MT, and it fell by another 127 MT in 2022.

In terms of domestic production, Rosatom, a subsidiary of ARMZ Uranium Holding, owns the country’s Priargunsky mine and is working on developing the Vershinnoye deposit in Southern Siberia through a subsidiary.

In 2023, Russia surpassed its uranium production target, producing 90 MT more than expected. Rosatom is developing new mines, including Mine No. 6, which is slated to begin uranium production in 2028.

Russian uranium has been an area of controversy in recent years, with the US initiating a Section 232 investigation around the security of uranium imports from the country in 2018. More recently, Russia’s ongoing war in Ukraine has prompted countries around the world to look more closely at their nuclear supply chains.

7. Niger

Mine production: 2,020 metric tons

Niger’s uranium production totaled 2,020 metric tons in 2022, having declined year-on-year over the past decade. The African nation is home to the producing SOMAIR uranium mine and the past producing COMINAK mine, which account for 5 percent of the world’s uranium production. Both are run by subsidiaries of Orano, a private uranium miner, through majority owned joint ventures.

Global Atomic (TSX:GLO,OTCQX:GLATF) is developing its Dasa project in the country, and expects to commission its processing plant by early 2026. Niger is also home to the Madaouela uranium asset, which was the flagship project of explorer GoviEx Uranium (TSXV:GXU,OTCQB:GVXXF).

A recent military coup in the African nation has sparked uranium supply concerns, as Niger accounts for 15 percent of France’s uranium needs and one-fifth of EU imports. In January 2024, the government of Niger, now under a military junta, announced it intends to overhaul the nation’s mining industry. It has temporarily halted the granting of new mining licenses and is working to make changes to existing mining licenses in order to increase state profits.

In mid-2024, Niger’s government revoked GoviEx Uranium’s Madaouela mining license along with Orano’s operating permit for its Imouraren uranium project.

Niger granted a small-scale mining permit for the Moradi uranium project to state-owned COMIREX. The approval, issued February 22, 2025, upgrades a previous semi-mechanized license and strengthens national control over uranium resources in the Agadez Region.

8. China

Mine production: 1,700 metric tons

China’s uranium production grew to hit 1,700 metric tons in 2022, up by 100 MT over 2021. The country’s uranium production climbed during the 2010s from 885 MT in 2011 to 1,885 MT in 2018, and held steady at that level until falling to 1,600 MT in 2021.

China General Nuclear Power, the country’s sole domestic uranium supplier, is looking to expand nuclear fuel supply deals with Kazakhstan, Uzbekistan and additional foreign uranium companies.

China’s goal is to supply one-third of its nuclear fuel cycle with uranium from domestic producers, obtain one-third through foreign equity in mines and joint ventures overseas and purchase one-third on the open uranium market. China is also a leader in nuclear energy; the Chinese mainland has 56 nuclear reactors with 31 in construction.

In May 2025 Chinese scientists announced successful results from their newly developed method of extracting uranium from seawater, which uses hydrogel beads made with candle wax and a uranium-binding compound. The team aims to build a demonstration plant by 2035.

While the nation’s uranium reserves are less expansive than other countries, the technique could support China’s growing nuclear power needs by tapping into the ocean’s vast uranium reserves.

9. India

Mine production: 600 metric tons

India produced 600 metric tons of uranium in 2022, on par with output in 2021.

India currently has 25 operating nuclear reactors with another eight under construction, according to the Indian government. In 2025, the country’s Minister for Power released a list of steps to take to increase the country’s nuclear energy capacity to its goal of 100 gigawatts of power by 2047.

“The Indian government is committed to growing its nuclear power capacity as part of its massive infrastructure development programme,” as per the World Nuclear Association. “The government has set ambitious targets to grow nuclear capacity.”

10. South Africa

Mine production: 200 metric tons

South Africa produced 200 metric tons of uranium in 2022. It is another uranium-producing country that has seen its output decline over the past decade — the nation’s uranium output peaked at 573 MT in 2014. Nonetheless, in 2022 South Africa surpassed Ukraine’s production, which was curbed by Russia’s invasion, to become the 10th top uranium producer globally.

South Africa holds 5 percent of the world’s known uranium resources, taking the sixth spot on that list.

Recently, Sibanye-Stillwater (NYSE:SBSW) and C5 Capital, a global investment firm specializing in advanced nuclear energy, formed a strategic partnership to explore and develop advanced nuclear energy opportunities in South Africa and globally.

The collaboration aims to identify, acquire, finance, develop and manage uranium projects and production facilities capable of supplying fuel for small modular reactors. Sibanye-Stillwater’s portfolio includes significant uranium resources in tailings at its Cooke and Beatrix gold operations.

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

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

This post appeared first on investingnews.com

Mongolia has been thrown into fresh political crisis with protesters calling for the resignation of the country’s prime minister over his family’s lavish displays of wealth.

For two weeks, young Mongolians have taken to the streets of the capital putting pressure on Prime Minister Oyun-Erdene Luvsannamsrai who will face a vote of confidence in his government on Monday.

Democratic Mongolia is a landlocked nation of just 3.5 million people sandwiched between authoritarian giants China and Russia, and the latest political crisis has put renewed scrutiny on the stability of the country’s democracy.

Here’s what to know:

Luxury car, designer handbags

The protests were triggered by social media posts that went viral showing the prime minister’s 23-year-old son’s lavish engagement proposal and their apparent extravagant lifestyle including helicopter-rides, an expensive ring, designer handbags and a luxury car.

Suspicion grew over how the son accumulated such wealth – especially as Prime Minister Oyun-Erdene campaigned on being from a rural, not wealthy family.

“With no visible sources of income, their display of luxury bags, private travel, and high-end living was a blatant slap in the face to the average Mongolian citizen,” said Amina, 28, a member of protest group Ogtsroh Amarhan (Resigning is Easy).

Amina, who wanted to go by one name for security reasons, said the protests go beyond the social media posts flaunting wealth, which she said were symptomatic of a widening disconnect between the ruling elite and everyday people.

Deeping the anger is the rising cost of living, soaring inflation in the wake of Russia’s war in Ukraine, and choking pollution in the capital that’s home to half the population.

“The cost of living in Mongolia has skyrocketed — many people are paying nearly half of their monthly income in taxes while barely making enough to cover food, rent, or utilities. Most are not living paycheck to paycheck anymore — they’re living loan to loan, debt to debt,” she said.

Protesters have gathered in the capital Ulaanbaatar’s central Sükhbaatar Square, in front of the Government Palace, almost daily for two weeks, calling for Oyun-Erdene to release his finances and resign.

The Prime Minister’s office called the allegations of financial impropriety “completely unfounded.”

Corruption

For decades, Mongolia has struggled with endemic graft and protests often break out over allegations that corrupt officials and business leaders were enriching themselves with public funds.

Mass protests erupted in 2022 over a corruption scandal involving the alleged embezzlement of billions of dollars’ worth of coal destined for China.

Though analysts say there is no evidence of corruption by Oyun-Erdene, his son’s social media posts deepened the frustration of a public long wary of their elected officials misusing public resources.

“I want a fair society where ordinary people have a voice, and where government officials are held accountable. Seeing so much inequality, injustice, and arrogance from those in power pushed me to speak up,” said Ariunzaya Khajidmaa, 23, a resident of Ulaanbaatar who joined the protests with her 2-month-old baby.

Part of public frustration is that even when corruption cases are prosecuted, they are slow to work their way through the judicial system, leading some to question the independence of the judiciary.

The 2024 Freedom House index said “corruption and political influence in the daily work of judges remain concerns.”

“If you look at the corruption index, it has gone down. And one explanation is that, even though the Prime Minister has exposed a lot of the corruption cases, nothing has been done. So now everybody’s looking at the judiciary,” said Bolor Lkhaajav, a Mongolian political analyst and commentator.

What’s the Prime Minister’s position?

The Prime Minister is trying to save his coalition government and parliament, called the State Great Khural, is holding a vote of confidence on Monday.

Oyun-Erdene and his son have submitted themselves to Mongolia’s anti-corruption agency and the prime minister said he would resign if the investigation uncovered any irregularities.

His Mongolian People’s Party (MPP) is the largest in the 126-seat parliament, holding 68 seats. But complicating the confidence vote is that the ruling coalition appears to be breaking up. The MPP kicked out its junior partner, the Democratic Party – which controls 43 seats – after some of its members supported the protesters.

‘Tip of the iceberg’

The protests are just “the tip of the iceberg,” said Jargalsaikhan Dambadarjaa, a Mongolian broadcaster and political commentator, who pointed to some of the major economic shifts in the country.

Oyun-Erdene, who was re-elected to a second term in 2024, had promised to diversify the country’s economy, which is dependent on the mining industry accounting for about a quarter of GDP.

Mongolia has huge deposits of coal, copper, gold and phosphorite, and about 90% of Mongolia’s coal exports go to China.

Oyun-Erdene’s coalition government last year announced 14 new mega projects to boost economic growth, including cross-border railway connections and a major expansion of renewable energy.

And one of Oyun-Erdene’s signature policy centerpieces was establishing a national wealth fund, which the government said aimed to redistribute the country’s assets to the people.

The Sovereign Wealth Fund law, approved by parliament in April, allows the government to take a 34% stake in mines considered to have strategic mineral deposits, meaning they are vital for the country’s economy and development.

There are currently 16 such sites and the profits will go into the fund, with portions allocated to benefitting Mongolian people including through financial assistance, healthcare, education, and housing, according to public broadcaster Montsame.

The move has not sat well with the country’s wealthy and powerful mining elite.

“These people, they are now at the edge of losing their power – huge money – which created huge inequality in the country. So they are fighting to the death against this government,” said Jargalsaikhan.

A democracy between two autocratic giants

Mongolia has been a parliamentary democracy since its democratic revolution in 1991. But the years since have seen multiple governments toppled, or leaders shuffled.

This instability has led some Mongolians to believe the powers of President Khurelsukh Ukhnaa, who is head of state, should be extended. Currently, the president can only serve one six-year term.

“In this mosaic, those who are supporting presidential power argue that, look at Russia and China, they are one-man presidential powers and they are very stable. They say, we tried this parliamentarian system and it looks like it doesn’t work. That’s their idea,” Jargalsaikhan said.

Khurelsukh has repeatedly said he does not want to change Mongolia’s parliamentary democracy. However, some believe amending the constitution to extend presidential term limits is on the table.

“It’s a very crucial time, a very delicate time, and it’s another test to our democracy,” said Jargalsaikhan. “Freedom comes only with the parliamentary system… If we don’t do that, we will be another failed economy, a failed nation.”

In a statement, the prime minister’s office said, “there has been a deliberate attempt to undermine” the reforms of the coalition government by a “hostile campaign” that would “turn Mongolia away from a parliamentary democracy and return power and wealth to a small group driven by self-interest.”

Analysts say Mongolia needs to show it can have stable governance so it can attract broader foreign investment and reduce its economic dependence on China and Russia.

Khurelsukh last year welcomed Russian President Vladimir Putin for an official visit to Mongolia, a trip condemened by Ukraine. The visit was Putin’s first to a member country of the International Criminal Court which had issued an arrest warrant for Putin on charges on war crimes.

“A lot of the governments that are looking at Mongolia as an oasis of democracy between Russia and China, so they want to trust us, but at the same time, you have to show some accountability and stability for other governments to say, okay, Mongolia is getting better,” said Bolor.

Those on the streets say they are tired of political games and want to see tangible improvements to their daily lives.

“We want stronger anti-corruption measures, public officials who are held to ethical standards, and a system that ensures no one is above the law,” said Ariunzaya.

“It’s time for the government to listen to its citizens and take meaningful, lasting action—not just offer words.”

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Erin Patterson, the Australian woman accused of killing three people and attempting to kill a fourth with a meal laced with death cap mushrooms, has taken the stand in her own defense at a trial that has captured worldwide attention.

On Monday, the start of the sixth week of the trial, Patterson told the court about her relationship with her estranged husband Simon, whose parents, Don and Gail Patterson, were among the guests who died after attending lunch at her house in July 2023.

Gail’s sister, Heather Wilkinson, also died after eating Beef Wellington at lunch, but her husband, Ian Wilkinson, a pastor at their local church, survived after spending several weeks in hospital with acute poisoning from Amanita phalloides, the world’s most toxic mushrooms.

Prosecutors allege that Patterson, who has pleaded not guilty to all charges, deliberately laced the beef dish with lethal mushrooms, after seeing their location posted on a public website. Her defense lawyers argue the deaths were a “terrible accident,” and while they acknowledge Patterson, 50, repeatedly lied to police, they say she didn’t intend to kill her guests.

The mother of two told the court that her relationship with her husband was merely “functional” in July 2023, and that she had started becoming concerned that he wasn’t involving her in family gatherings anymore.

Her self-esteem was low, and she was so unhappy with her weight that she was considering gastric bypass surgery, she told the court.

“I’d been fighting a never-ending battle of low self-esteem most of my adult life, and the further inroads I made into being middle aged, the less I felt good about myself,” she said.

How Erin Patterson met her husband

Patterson’s defense attorney Colin Mandy SC asked her about the start of her relationship with Simon Patterson, the father of their two children. Patterson told the court she met Simon in 2004 at work at Monash City Council, in the Australian state of Victoria. They were friends at first, before a romance developed several months later.

They married in 2007, at a service attended by Don and Gail Patterson and Ian and Heather Wilkinson. Erin’s parents were on holiday when she got married, so Ian Wilkinson’s son David walked her down the aisle, she told the court.

Patterson said she was “very atheist” when she met Simon. “I was trying to convert him to being an atheist, but things happened in reverse, and I became Christian,” she told the court.

She said she had a “spiritual experience” during her first church service in 2005 at Korumburra Baptist Church, where Pastor Ian Wilkinson delivered the sermon. “I had what I would call a religious experience there, and it quite overwhelmed me,” she said

A traumatic birth

Patterson recalled the traumatic delivery of her first child, who was born by emergency cesarian, after an attempt with forceps failed. Her son spent some time in the intensive care unit, and Patterson said she discharged herself against medical advice so she could go home to be with her newborn.

Patterson spoke about the support Simon’s mother Gail gave her as she cared for her son. “She gave me good advice … relax and enjoy your baby,” she said.

When they were living in Perth, Western Australia, the couple briefly separated for the first time. In 2009, Patterson rented a cottage for herself and their baby, she told the court, while her husband rented a trailer close by. They reunited in January 2010. A second baby came later.

During the course of their relationship, Patterson told the court there were periods of separation.

“What we struggled with over the entire course or our relationship… we just couldn’t communicate well when we disagreed about something,” she said. “We could never communicate in a way that made each of us feel heard or understood, so we would just feel hurt and not know how to resolve it.”

Patterson will resume giving evidence on Tuesday.

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Ukraine’s large-scale drone attack on Russian air bases thousands of miles behind the front lines is the latest in a long line of daring missions by Ukraine’s forces against its giant neighbor.

The operation, more than a year and a half in the making, involved drones being smuggled into Russian territory and hidden in wooden mobile houses atop trucks, according to a source in the SBU, Ukraine’s domestic intelligence agency.

The strikes caused an estimated $7 billion in damages and hit 34% of Russia’s strategic cruise missile carriers at its main air bases, the source said. The assault also showed that Ukraine still has the ability to pressure Russia even as Moscow ramps up its own attacks and offensive operations.

Here’s a look at some of the Ukrainian force’s most significant hits during the war:

Undercover drones

Analysts have called Ukraine’s Sunday drone attack on the bomber bases the most significant by Kyiv since the beginning of the war.

More than 40 aircraft were known to have been hit in the operation, according to an SBU security source, including TU-95 and Tu-22M3 strategic bombers and one of Russia’s few remaining A-50 surveillance planes.

The Tu-22M3 is Russia’s long-range missile strike platform that can perform stand-off attacks, launching missiles from Russian airspace well behind the front lines to stay out of range of Ukrainian anti-aircraft fire.

Russia had 55 Tu-22M3 jets and 57 Tu-95s in its fleet at the beginning of the year, according to the “Military Balance 2025” from the International Institute for Strategic Studies think tank.

The Tu-95 joined the Soviet Union air force in the 1950s, and Russia has modified them to launch cruise missiles like the Tu-22.

Military aviation expert Peter Layton said the loss of the bombers, which could carry the heaviest and most powerful cruise missiles, mean Russia will need to rely more on drones for future attacks on Ukraine.

Outside the immediate air war, the attack on the air bases will be a major distraction for Russian President Vladimir Putin, said Carl Schuster, a former director of operations at the US Pacific Command’s Joint Intelligence Center, now a military analyst in Hawaii.

“Putin will direct more resources to internal security after such a domestic security failure,” Schuster said.

“Ukraine was able to deploy dozens of containers with drones to within line of sight of major Russian strategic bases and launch massive air strikes. Can you imagine explaining that one to Putin?”

The sinking of the pride of Russia’s Black Sea fleet

One of Ukraine’s first major wins was the sinking of the cruiser Moskva, the pride of Russia’s Black Sea fleet, in the early months of war.

The Moskva was one of the Russian Navy’s most important warships and its sinking represented a massive blow to Moscow’s military, which at the time was struggling against Ukrainian resistance 50 days into Putin’s invasion.

In April, 2022, Ukraine’s Operational Command South claimed the Moskva had begun to sink after it was hit by Ukrainian Neptune anti-ship missiles.

Russia, meanwhile said a fire broke out on the guided-missile cruiser, causing munitions aboard to explode, inflicting serious damage to the vessel, and forcing the crew of the warship to be evacuated.

Analysts said its loss struck hard at the heart of the Russian navy as well as national pride, comparable to the US Navy losing a battleship during World War II or an aircraft carrier today.

What followed was a string of naval defeats for Moscow’s Black Sea Fleet.

In early 2024, six sea drones, powered by jet skis, felled a Russian guided missile ship, the Ivanovets. Night-time footage released by the Ukrainians showed Russians firing at the drones as they raced toward the Ivanovets, before at least two drones struck the side of the ship, disabling it and causing massive explosions.

Damage to the Kerch bridge

Built following Russia’s 2014 annexation of Crimea, the 12-mile Kerch bridge was a vital supply line for Moscow’s war effort in Ukraine and a personal project for Putin, embodying his objective to bind the peninsula to Russia.

Russia built the bridge at a cost of around $3.7 billion

In July, 2023, Ukrainian security services claimed to have blown up the bridge using an experimental sea drone. The attack caused damage to the road lanes of the bridge, and, according to Russian officials, killed two civilians.

The bridge is a critical artery for supplying Crimea with both its daily needs and supplies for the military.

Mysterious assassinations

A number of high profile Russian military figures have been killed inside the country over the past year. Crucially, Ukraine has never claimed the killings but it is notable that many of those killed played prominent roles in Moscow’s .

Last month, Russian deputy mayor and prominent veteran of the war, Zaur Aleksandrovich Gurtsiev, was killed in an explosion in southern Russia. Russian authorities said they were investigating all options into the killing, “including the organization of a terrorist attack” involving Ukraine.

Gurtsiev had been involved in the Russian attacks on the Ukrainian port city of Mariupol, which destroyed about 90% of residential buildings, according to United Nations estimates.

Gurtsiev had “introduced his developments in the technology of targeting missiles, which allowed them to increase their accuracy and effectiveness many times over,” according to the “Time of Heroes” program.

In April, Russian authorities charged a “Ukrainian special services agent” with terrorism, after he was detained in connection with a car explosion that killed Russian General Yaroslav Moskalik, the deputy head of the Main Operations Directorate of the General Staff of the Russian Armed Forces.

And in February Armen Sarkisyan, the founder of a pro-Russian militia group in eastern Ukraine – described by authorities in Kyiv as a “criminal mastermind” – died following a bombing in central Moscow. The bombing took place in an upmarket residential complex in the capital city, Russian state media outlet TASS reported at the time.

Ukraine has never claimed the killings but it is notable that high-profile figures have been assassinated in Russian territory.

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Climate campaigner Greta Thunberg and other 11 activists set sail on Sunday afternoon for Gaza on a ship aimed at “breaking Israel’s siege” of the devastated territory, organizers said.

The sailing boat Madleen – operated by activist group Freedom Flotilla Coalition — departed from the Sicilian port of Catania, in southern Italy.

It will try to reach the shores of the Gaza Strip in an effort to bring in some aid and raise “international awareness” over the ongoing humanitarian crisis, the activists said at a press conference on Sunday, ahead of departure.

“We are doing this because, no matter what odds we are against, we have to keep trying,” Thunberg said, bursting into tears during her speech.

“Because the moment we stop trying is when we lose our humanity. And no matter how dangerous this mission is, it’s not even near as dangerous as the silence of the entire world in the face of the live-streamed genocide,” she added.

Israel, which was founded in the aftermath of the Holocaust, has adamantly rejected genocide allegations against it as an antisemitic “blood libel.”

In mid-May, Israel slightly eased its blockade of Gaza after nearly three months, allowing a limited amount of humanitarian aid into the territory.

Experts have warned that Gaza is at risk of famine if more aid is not brought in.

UN agencies and major aid groups say Israeli restrictions, the breakdown of law and order, and widespread looting make it extremely difficult to deliver aid to Gaza’s roughly two million Palestinians.

Among those joining the crew of the Madleen are “Game of Thrones” actor Liam Cunningham and Rima Hassan, a French member of the European Parliament who is of Palestinian descent. She has been barred from entering Israel due to her active opposition to the Israeli assault on Gaza.

The activists expect to take seven days to get to their destination, if they are not stopped.

Thunberg, who became an internationally famous climate activist after organizing massive teen protests in her native Sweden, had been due to board a previous Freedom Flotilla ship last month.

That attempt to reach Gaza by sea, in early May, failed after another of the group’s vessels, the “Conscience”, was attacked by two alleged drones while sailing in international waters off the coast of Malta.

The group blamed Israel for the attack, which damaged the front section of the ship, in the latest confrontation over efforts to send assistance to the Palestinian territory devastated by nearly 19 months of war.

The Israeli government says the blockade is an attempt to pressure Hamas to release hostages it took during the Oct. 7, 2023, attack that triggered the conflict. Hamas-led militants assaulted southern Israel that day, killing some 1,200 people, mostly civilians, and abducting 251. Hamas is still holding 58 hostages, 23 of whom are believed to be alive.

In response, Israel launched an offensive that has killed over 52,000 Palestinians, mostly women and children, according to Gaza’s Health Ministry, which does not distinguish between fighters and civilians. Israel’s bombardment and ground operations have destroyed vast areas of the territory and left most of its population homeless.

The Flotilla group was only the latest among a growing number of critics to accuse Israel of genocidal acts in its war in Gaza. Israel vehemently denies the allegations, saying its war is directed at Hamas militants, not Gaza’s civilians.

“We are breaking the siege of Gaza by sea, but that’s part of a broader strategy of mobilizations that will also attempt to break the siege by land,” said activist Thiago Avila.

Avila cited the upcoming Global March to Gaza – an international initiative also open to doctors, lawyers and media – which is set to leave Egypt and reach the Rafah crossing in mid-June to stage a protest there, asking Israel to stop the Gaza offensive and reopen the border.

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