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Here’s a quick recap of the crypto landscape for March 11 as of 9:00 a.m. UTC.

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

Bitcoin (BTC) was priced at US$69,624.27, down by 1.7 percent over the last 24 hours.

Bitcoin price performance, March 11, 2026.

Chart via TradingView

Ether (ETH) was priced at US$2,022.91, down by 1.6 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.37, down by 2.0 percent over 24 hours.
  • Solana (SOL) was trading at US$85.39, up by 2.1 percent over 24 hours.

Today’s crypto news to know

Oil trading surges on crypto derivatives platform

Volatility in global energy markets is spilling into crypto trading platforms, where oil derivatives have suddenly become one of the most active markets.

On decentralized exchange Hyperliquid, an oil-linked perpetual futures contract tracking West Texas Intermediate crude generated about US$1.32 billion in trading volume over the past 24 hours.

The surge made oil the second-most traded contract on the platform after Bitcoin.

The surge followed the escalation of the US-Israel conflict with Iran, which sent oil prices briefly soaring above US$118 per barrel before retreating. Prior to the conflict, the contract typically saw about US$21 million in daily trading.

Data from Hyperliquid shows Bitcoin still dominates trading activity with roughly US$3.64 billion in daily volume, but the WTI contract has now leapfrogged assets such as Ether, silver, and gold.

Strategy adds nearly 18,000 Bitcoin in US$1.28 billion purchase

Strategy (NASDAQ:MSTR) continued its aggressive accumulation strategy last week, revealing it purchased 17,994 Bitcoin for about US$1.28 billion between March 2 and March 8.

According to a regulatory filing, the company paid an average price of roughly US$70,946 per coin. The latest purchase lifts Strategy’s total holdings to 738,731 Bitcoin, acquired at a combined cost of about US$56.04 billion.

China’s top court warns of tougher penalties for crypto crime

China’s Supreme People’s Court has signaled a harder line against cryptocurrency-related financial crime, pledging stricter penalties for individuals using digital assets to launder money or move funds overseas.

Chief Justice Zhang Jun issued the warning in the court’s annual report to the National People’s Congress, highlighting the growing role of crypto in cross-border financial offenses.

Authorities say the crackdown is part of a broader campaign against technology-enabled crime, which increasingly includes artificial intelligence-driven fraud and coordinated online harassment campaigns known as “human flesh search.”

Despite the ban, enforcement agencies say criminals have continued to exploit digital assets to bypass China’s strict capital controls, which limit individuals to transferring US$50,000 abroad each year.

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

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

This post appeared first on investingnews.com

Investor Insight

With a strong asset foundation, C$8 million in cash, and an experienced technical team, Prince Silver is well-positioned to capitalize on the current macro tailwinds in the silver and manganese markets. The project has a US Critical Minerals advantage, hosting silver, zinc, lead, and manganese, in addition to gold.

Overview

Prince Silver (CSE:PRNC,OTCQB:PRNCF) is a Vancouver-based exploration company focused on unlocking value at the Prince silver project in southeastern Nevada.

In July 2025, the company completed a transformational acquisition of Stampede Metals Corporation and subsequently rebranded from Hawthorn Resources to Prince Silver Corp.

The flagship asset is a district-scale, past-producing silver-gold-zinc-manganese carbonate replacement system, historically mined through the early to mid-1900s. The immediate objective is to validate and expand upon the 129 historic drill holes (over 16,600 meters) to convert the exploration target into a maiden NI 43-101 mineral resource, targeted for the fourth quarter of 2026.

Company Highlights

  • Flagship Project: 100 percent ownership of the historic Prince silver mine in Lincoln County, Nevada, an open, near-surface silver-gold-zinc carbonate replacement deposit. It has an exploration target of 23 to 45 million tons, with strong historic grades.
  • Fully Funded Drilling Program Underway: A 9,000-meter reverse-circulation drill program is now underway with a steady stream of assay results expected from January to May 2026. This follows an recent funding raise of approximately C$4.75 million in gross proceeds.
  • Clean Corporate Reset: Hawthorn Resources completed the Stampede Metals acquisition and re-listed as Prince Silver Corp. on July 11, 2025.
  • Tight Share Structure: The company has 58.9 million shares issued and outstanding as of February 23, 2026.
  • US Critical Minerals Leverage: The Prince Project hosts critical and strategic minerals on the 2025 USGS list: silver, zinc, lead, and manganese, in addition to gold.
  • Experienced, Hands-on Leadership: President Ralph Shearing, CEO Derek Iwanaka, and new directors Marco Montecinos, Robert Wrixon and Darrell Rader add mine-building, corporate, and capital-markets depth to the leadership team.
  • Expanded Land Position: The land package at the Prince Silver Project has more than doubled, securing over 7 kilometers of prospective strike length along the mineralized fault system.

Key Projects

Prince Silver Project

The Prince silver project is a large-scale, polymetallic Carbonate Replacement Deposit (CRD) located just west of Pioche, a historic mining district in southeastern Nevada. The project hosts a structurally and stratigraphically controlled system of silver-rich mantos, breccias, and fissure veins. Historic underground production between 1912 and 1949 totaled approximately 1.12 million tons (Mt) at average grades of 100 grams per ton (g/t) silver, 4.5 percent zinc, and 10 percent manganese.

Highlights

  • Geological compilation work has defined an exploration target ranging between 23 and 45 Mt, grading approximately 37 to 40 g/t silver, 1.5 percent zinc, and 0.8 percent lead.
  • The fully-funded 9,000 meter drill program is underway with a steady stream of assay results expected from January to May 2026, targeting a maiden NI 43-101 Mineral Resource Estimate (MRE) in the fourth quarter of 2026.
  • The company recently expanded its land position, securing over 7 kilometers of prospective strike length along the mineralized fault system.

Stampede Gap Copper-Gold-Molybdenum Project

The Stampede Gap Copper-Gold-Molybdenum Project is a large, early-stage porphyry target in Nevada featuring over 200 claims. Historical geophysics have identified multiple IP-resistivity anomalies, and a single 700 meter drill hole encountered extensive skarn alteration. Its location is only 150 kilometers south of KGHM’s Robinson copper-gold-silver-molybdenum mine. The project presents a deep-seated exploration target that has the hallmarks of a large-scale copper-molybdenum deposit.

Management Team

Derek Iwanaka – Chief Executive Officer and Director

Derek Iwanaka is a mining-sector executive with over 23 years of investor relations, corporate development, and capital markets experience. He has supported more than 20 corporate transactions and helped raise over US$100 million, including one of Canada’s first at-the-market financings. Iwanaka previously held senior roles at BeMetals and First Mining Gold Corp., contributing to strategic acquisitions, project advancement, and significant market-cap growth.

Ralph Shearing – President and Director

Ralph Shearing is a professional geologist and mine developer with over 35 years in mineral exploration development and public company management. Since 1987, Shearing has held senior executive positions with public junior mining and exploration companies, notably Luca Mining, a company he founded and guided through exploration, development, construction, and pre-production of the Tahuehueto mine in Mexico. He currently acts as a Qualified Person for Prince Silver’s technical disclosure.

Rob Scott – Chief Financial Officer and Corporate Secretary

Rob Scott’s professional experience has helped raise over $200 million in equity with past and current executive and board positions with TSXV issuers, including Great Bear Resources, Valore Metals, Riverside Resources, Capitan Silver, and First Helium.

Dr. Robert Wrixon – Independent Director

Robert Wrixon is the managing director of Starboard Global, a Hong Kong-based project incubator and VC firm. Wrixon is a seasoned executive and engineer with over 20 years’ experience across ASX- and LSE-listed mining companies. He holds a PhD in mineral engineering from UC Berkeley and brings deep technical, corporate development, and mergers and acquisitions experience.

Darrell Rader – Independent Director

Darrell Rader is the president and chief executive officer of Minaurum Gold, a silver explorer in Mexico. He has directly raised over $150 million for mineral exploration and development and has strong relationships with institutional investors and bankers. Rader founded Defiance Silver Corp, a silver developer, and previously was the head of corporate development at IMPACT Silver. Rader holds a BBA in Finance from Simon Fraser University.

Marco Montecinos – Independent Director

Marco Montecinos has over 40 years of mineral exploration experience across the Americas, including a key role in the three-million-ounce Marlin Gold discovery, multiple gold discoveries, and current roles as chief president of exploration at Gunpoint Exploration and US Critical Metals, as well as president of Tigren, Inc.

This post appeared first on investingnews.com

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce the successful completion of 12.8 line kilometres of induced polarization (‘IP’) surveying over the Marisa Zone at its 1,168-hectare North Island Copper Project located near Port Hardy on Vancouver Island, British Columbia.

The Company is currently reviewing the newly acquired geophysical data and will release a detailed interpretation once the technical team has completed its evaluation. As part of this process, Peter E. Walcott and Associates Limited will integrate the historical 1992 IP survey data with the new 2026 survey results to generate a comprehensive 3D inversion model of the target area.

The results of this work are expected to assist in defining priority drill targets. Subject to final interpretation and permitting timelines, the Company intends to initiate permitting for a drill program in late H1 or early H2 2026.

Previous exploration at the Marisa Zone identified copper mineralization associated with an IP chargeability anomaly. In 1992, two of five diamond drill holes were completed to test the anomaly intersected copper mineralization, including:

  • 0.078% copper over 56.39 metres (DDH92-01)
  • 0.041% copper over 70.71 metres (DDH92-03)

Both intercepts were encountered within altered quartz diorite, with copper grades increasing with depth in DDH92-03.

Source: Geophysical and Diamond Drilling Report on the Marisa Property, G.J. Allen and P.G. Dasler, February 29, 1992, prepared for Great Western Gold Corporation.

‘This recently completed IP survey represents an important step in advancing the Marisa Zone target,’ stated Saf Dhillon, President & Chief Executive Officer of Questcorp Mining. ‘The survey has successfully confirmed the presence of the historical chargeability anomaly identified in earlier work. Once Walcott and Associates completes the 3D inversion and our technical team finishes reviewing the results, we expect to refine potential drill targets and move toward a drill program later in 2026.’

The Company cautions that a Qualified Person has not verified the historical exploration data referenced in this release. The presence of mineralization on adjacent or nearby properties, including NorthIsle Copper and Gold and BHP properties, is not necessarily indicative of mineralization on the North Island Copper Project.

The technical content of 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 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 metal properties of merit. The Company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island Copper property, on Vancouver Island, B.C., subject to a royalty obligation. The Company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon
President & CEO

Questcorp Mining Corp.
saf@questcorpmining.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6

https://questcorpmining.ca

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 the intended use of proceeds from the Offering; and closing of subsequent tranches of the Offering. 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 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 such forward-looking 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.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities 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/288086

News Provided by TMX Newsfile via QuoteMedia

This post appeared first on investingnews.com

A suspected retaliatory drone attack by pro-Iranian militias struck a major U.S. diplomatic facility in Baghdad on Tuesday, according to The Washington Post.

The newspaper said the strike hit the Baghdad Diplomatic Support Center, and no injuries were immediately reported.

Six drones were launched toward the compound, five of which were shot down.

The Post, citing a security official and a State Department alert, reported one drone struck near a guard tower and people at the facility were instructed to ‘duck and cover.’

‘Accountability is ongoing,’ the alert said.

Iraq’s ministry of defense condemned the drone and missile attacks targeting the Martyr Muhammad Alaa Air Base and the Martyr Ali Fallah Air Base in a post on X but did not mention the hit on the U.S. facility or Iran directly.

‘In response to these sinful aggressions, the Ministry wishes to clarify and confirm the following facts: These air bases are fully sovereign and Iraqi, subject entirely to the authority of the state and the law, and there is no representation of any foreign forces in them under any designation,’ the government account wrote.

The security official told The Washington Post the attack was likely conducted by militias affiliated with the Islamic Resistance in Iraq, a loose umbrella group of Iran-aligned Shiite armed factions that have claimed responsibility for attacks on U.S. forces in the region.

At the start of Operation Epic Fury, the State Department had urged Americans to depart immediately from more than a dozen countries across the Middle East, warning of ‘serious safety risks’ as the Iran war intensified.

Assistant Secretary of State for Consular Affairs Mora Namdar said on March 2 that U.S. citizens should leave Bahrain, Egypt, Iran, Iraq, Israel, the West Bank and Gaza, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, the United Arab Emirates and Yemen.

The department said Americans who need help arranging departure via commercial means can contact the State Department 24/7 at +1-202-501-4444 from abroad or +1-888-407-4747 from the U.S. and Canada.

Officials warned conditions in the region remain volatile, and security situations could change quickly as fighting tied to the conflict continues.

At least nine U.S. missions, including Bahrain, Iran, Kuwait, the United Arab Emirates, Saudi Arabia, Iraq, Jordan, Qatar and Israel, issued repeated shelter-in-place directives or advisories at the outset of Iran’s retaliatory attacks against U.S. forces and Israel.

This post appeared first on FOX NEWS

A top Senate Republican wants answers on why the Biden administration drained the nation’s oil stockpile but did little to replenish it.

Sen. Tom Cotton, R-Ark., charged that decisions under President Joe Biden to tap the Strategic Petroleum Reserve (SPR) could have a ripple effect as the U.S. continues its war with Iran and as the Iranian government continues its chokehold on the Strait of Hormuz.

Cotton, in a letter first obtained by Fox News Digital to Department of Energy Secretary Chris Wright, charged that the Biden administration released 180 million barrels from the nation’s reserves in 2022 ‘to suppress gas prices ahead of the midterm elections.’

‘That decision drained the reserve to a 40-year low,’ Cotton wrote. ‘The decision to drain the SPR was not a response to a supply emergency; it was a deliberate political act designed to protect Democrats from the consequences of their own failed energy policies.’

Biden tapped the reserve twice — once in 2021 to relieve soaring fuel prices as the nation still grappled with the economic fallout from the COVID-19 pandemic and again the following year to combat increased energy costs at the onset of the war between Russia and Ukraine.

The SPR has capacity for over 700 million barrels of crude oil, but currently, the reserve has far less following the drawdown under the previous administration.

At the end of Biden’s term, the reserve had about 415 million barrels of crude on hand, according to data from the Department of Energy.

Cotton said that it wasn’t ‘the first time Democrats undermined the reserve’ and noted that Senate Minority Leader Chuck Schumer, D-N.Y., and congressional Democrats blocked President Donald Trump’s bid to refill the SPR in 2020, when barrels were cheap, with $3 billion from a colossal COVID-19 stimulus package moving through Congress.

He also said that in 2021, Biden signed an executive order that halted new oil and gas leases on federal lands and offshore, which Cotton charged ‘constrained domestic production while the administration was draining the reserve.’

Cotton demanded that Wright answer how blocking the $3 billion oil purchase and halting oil and gas leases impacted the nation’s overall domestic supplies that could have been used to replenish the SPR.

Meanwhile, congressional Democrats are demanding that Trump tap into the SPR after oil prices spiked to four-year highs over the weekend as the war in Iran intensifies.

Schumer said that the reserve ‘exists for moments exactly like this.’

‘The Strait of Hormuz is the world’s most important oil transit choke point, with roughly 20% of global petroleum liquids consumption moving through it in recent years,’ Cotton said. ‘That is precisely why the SPR must be treated as a strategic national security asset, not a political tool.’

This post appeared first on FOX NEWS

Jeremy Carl, President Donald Trump’s nominee for assistant secretary of state for international organization affairs, withdrew his nomination Tuesday after facing bipartisan criticism over past comments about race, religion and Israel.

Carl, a conservative commentator and senior fellow at the Claremont Institute, wrote on X that he lacked the unanimous Republican support needed to advance his nomination out of the Senate Foreign Relations Committee. He was nominated to the State Department role by President Donald Trump and Secretary of State Marco Rubio.

‘I am withdrawing my nomination for consideration as Assistant Secretary of State for International Organization Affairs,’ he wrote Tuesday afternoon. ‘I am tremendously grateful to President Trump for nominating me and then (upon expiration of my original nomination) renominating me for this role, and I am also grateful to Secretary Rubio and his team for their continued support throughout this long and time-consuming process.’

Republicans hold a 12-10 majority on the panel, meaning a single GOP defection would result in a tie vote and block the nomination from moving to the full Senate.

‘Unfortunately, at this time this unanimous support was not forthcoming,’ Carl wrote, adding that he did not want the administration to ‘waste valuable time and energy’ attempting to change the outcome.

During his confirmation hearing last month, senators pressed Carl on previous remarks concerning ‘white identity,’ immigration and Israel. Sen. John Curtis, R-Utah, specifically pressed him on an October 2024 podcast, in which Carl said, ‘the United States spends too much time and energy on Israel, often to the detriment of our own national interests.’ Curtis challenged Carl on what American interests were harmed, and asked if he recognized the benefits that the U.S. gains from the relationship with Israel. Carl dodged the questions, but did say that he wishes that ‘the UN would stop being antisemitic all the time.’

Curtis also cited the same podcast, in which the host accused Jews of claiming a ‘special victim status’ over the Holocaust, and said, ‘Israel is not a victim, but instead a perpetrator,’ to which Carl responded, ‘Right, right. Yeah, no, I mean, I think that’s true.’ Carl at first said that he would have to review the question, but when Curtis noted that he gave Carl’s exact words, Carl admitted, ‘I’m sure that they’re accurate.’

Curtis said afterward that Carl was not the ‘right person to represent our nation’s best interests in international forums.’

Sen. Chris Murphy, D-Conn., questioned Carl about his references to ‘white identity’ and what he believed was being ‘erased.’ Carl responded that he was concerned about the erosion of what he described as a majority American culture due to mass immigration, saying he stood by those comments. Murphy later called him a ‘legit white nationalist’ on social media.

Carl rejected that characterization, saying he is ‘not a White nationalist’ and that his remarks referred to a broadly shared American culture that people of all backgrounds could embrace.

‘Unfortunately, for senior positions such as this one, the support of the President and Secretary of State is very important but not sufficient,’ Carl added on X. ‘We also needed the unanimous support of every GOP Senator on the Committee on Foreign Relations, given the unanimous opposition of Senate Democrats to my candidacy, and unfortunately, at this time this unanimous support was not forthcoming.’

The position Carl was nominated to oversees U.S. engagement at the United Nations and other multilateral organizations. He previously served as a deputy assistant interior secretary during Trump’s first term.

‘I remain extremely confident in President Trump, Secretary Rubio, and the rest of the outstanding team at State (a group of leaders that includes many close friends),’ Carl concluded on X. ‘I know they will continue to pursue a foreign policy that puts America first, and that they will work to ensure America is able to exercise its power and influence in the world like never before.’

Fox News Digital reached out to the White House and the State Department for comment and has not heard back.

Reuters contributed to this report.

This post appeared first on FOX NEWS

Republicans sharply criticized former President Joe Biden over rising prices at the gas pump, but a spike in energy prices amid the U.S.-Israeli conflict in Iran threatens to scramble the party’s affordability messaging.

The Iran conflict has led to a surge in gas prices for Americans, leading to an average 50 cents a gallon increase since Operation Epic Fury began on Feb. 28.

The average price of gas reached $3.54 per gallon on Tuesday, according to AAA. Diesel prices have also risen to $4.72 per gallon. The increases have been mostly fueled by volatility in oil prices, which rose above $100 per barrel on Monday as the Strait of Hormuz remained effectively shuttered.

The president characterized the gas price hike amid the Iran conflict as ‘a very small price to pay’ in a Truth Social post Sunday.

That statement represented a sharp break with Trump’s typical messaging touting low gas prices prior to Operation Epic Fury.

‘Gasoline, which reached a peak of over $6 a gallon in some states under my predecessor — it was quite honestly a disaster — is now below $2.30 a gallon in most states. And in some places, $1.99 a gallon,’ President Donald Trump said during his Feb. 27 State of the Union address. ‘And when I visited the great state of Iowa just a few weeks ago, I even saw $1.85 a gallon for gasoline.’

The surge in gas and diesel prices threatens to undermine the economic message of President Trump and congressional Republicans, who have touted low gas prices as a major win in the lead-up to November’s midterm elections. Cost of living issues are expected to be a key concern among voters as both parties claim to be laser-focused on making everyday life more affordable.

During the 2024 presidential contest, Trump frequently campaigned on ending Biden’s ‘war on American energy’ and pledged to reverse a surge in gas prices that occurred under his predecessor’s tenure.

Gas prices averaged $3.45 per gallon across all fuel grades during Biden’s four-year term, surging to a record high of more than $5 per gallon in June 2022 after the outbreak of the Russia-Ukraine war, according to the U.S. Energy Information Administration.

‘Starting on Day 1, we will drive down prices and make America affordable again,’ Trump said during a speech at the Republican National Committee convention in July 2024. ‘People can’t live like this.’

Democrats have seized on rising prices at the pump amid the conflict in Iran.

‘I wish the administration thought about this before they started this unnecessary war,’ Sen. Angus King, I-Maine, who caucuses with Democrats, said Monday when asked about the gas price hike.

‘Donald Trump’s war has sent gas prices skyrocketing through the roof,’ Senate Minority Leader Chuck Schumer, D-N.Y., wrote on social media Monday. ‘What contempt. What cluelessness.’

Schumer has called on the president to release oil from America’s Strategic Petroleum Reserve to combat supply bottlenecks in the Middle East. The top Democrat notably opposed a Trump-led effort to replenish the stockpile in his first term when oil prices were much lower.

Republicans have voiced confidence that the rise in gas prices would be temporary. GOP lawmakers have frequently cited their efforts to roll back Biden-era energy regulations and boost domestic production as evidence that their policies are working to lower energy prices.

‘It’s going to be probably volatile for a period of time. I think what’s going to be key is ensuring we can get safe access to the Strait of Hormuz,’ Sen. Steve Daines, R-Mont., said Monday, adding that he was confident the disruption would be short-lived.

Daines, who abruptly suspended his re-election campaign last week, highlighted that average gas prices were under $3 per gallon prior to Trump’s State of the Union speech. 

‘That’s an important win for the American people,’ the retiring Montana lawmaker said. ‘Something you’re reminded of usually weekly when you’re gassing up your vehicle.’

Some Republicans and Trump administration officials are also arguing that a defeated Iran will ultimately spur lower gas prices, even if there is pain in the short run.

White House press secretary Karoline Leavitt characterized the recent increase in oil and gas prices as ‘temporary’ during a briefing Tuesday.

‘Once the national security objectives of Operation Epic Fury are fully achieved, Americans will see oil and gas prices drop rapidly, potentially even lower than they were prior to the start of the operation,’ Leavitt said.

‘At the end of the day, we’re going to destroy this regime, and their ability to disrupt oil is going to be less, and we’re going to have more production, not less,’ Sen. Lindsey Graham, R-S.C., told reporters Monday. ‘Once you take the largest state sponsor of terrorism off the planet, who depends on oil for their revenue, that’s a more stable world.’

Nearly seven in 10 Americans — including 44% of Republicans — expect gas prices to keep increasing in the coming months, according to a Reuters-Ipsos poll released Monday.

Trump has threatened Iran with unprecedented force if the flow of oil through the Strait of Hormuz is further restricted.

‘Death, Fire, and Fury will reign upon them — But I hope, and pray, that it does not happen!’ Trump wrote Monday on Truth Social.

This post appeared first on FOX NEWS

Republicans sharply criticized former President Joe Biden over rising prices at the gas pump, but a spike in energy prices amid the U.S.-Israeli conflict in Iran threatens to scramble the party’s affordability messaging.

The Iran conflict has led to a surge in gas prices for Americans, leading to an average 50 cents a gallon increase since Operation Epic Fury began on Feb. 28.

The average price of gas reached $3.54 per gallon on Tuesday, according to AAA. Diesel prices have also risen to $4.72 per gallon. The increases have been mostly fueled by volatility in oil prices, which rose above $100 per barrel on Monday as the Strait of Hormuz remained effectively shuttered.

The president characterized the gas price hike amid the Iran conflict as ‘a very small price to pay’ in a Truth Social post Sunday.

That statement represented a sharp break with Trump’s typical messaging touting low gas prices prior to Operation Epic Fury.

‘Gasoline, which reached a peak of over $6 a gallon in some states under my predecessor — it was quite honestly a disaster — is now below $2.30 a gallon in most states. And in some places, $1.99 a gallon,’ President Donald Trump said during his Feb. 27 State of the Union address. ‘And when I visited the great state of Iowa just a few weeks ago, I even saw $1.85 a gallon for gasoline.’

The surge in gas and diesel prices threatens to undermine the economic message of President Trump and congressional Republicans, who have touted low gas prices as a major win in the lead-up to November’s midterm elections. Cost of living issues are expected to be a key concern among voters as both parties claim to be laser-focused on making everyday life more affordable.

During the 2024 presidential contest, Trump frequently campaigned on ending Biden’s ‘war on American energy’ and pledged to reverse a surge in gas prices that occurred under his predecessor’s tenure.

Gas prices averaged $3.45 per gallon across all fuel grades during Biden’s four-year term, surging to a record high of more than $5 per gallon in June 2022 after the outbreak of the Russia-Ukraine war, according to the U.S. Energy Information Administration.

‘Starting on Day 1, we will drive down prices and make America affordable again,’ Trump said during a speech at the Republican National Committee convention in July 2024. ‘People can’t live like this.’

Democrats have seized on rising prices at the pump amid the conflict in Iran.

‘I wish the administration thought about this before they started this unnecessary war,’ Sen. Angus King, I-Maine, who caucuses with Democrats, said Monday when asked about the gas price hike.

‘Donald Trump’s war has sent gas prices skyrocketing through the roof,’ Senate Minority Leader Chuck Schumer, D-N.Y., wrote on social media Monday. ‘What contempt. What cluelessness.’

Schumer has called on the president to release oil from America’s Strategic Petroleum Reserve to combat supply bottlenecks in the Middle East. The top Democrat notably opposed a Trump-led effort to replenish the stockpile in his first term when oil prices were much lower.

Republicans have voiced confidence that the rise in gas prices would be temporary. GOP lawmakers have frequently cited their efforts to roll back Biden-era energy regulations and boost domestic production as evidence that their policies are working to lower energy prices.

‘It’s going to be probably volatile for a period of time. I think what’s going to be key is ensuring we can get safe access to the Strait of Hormuz,’ Sen. Steve Daines, R-Mont., said Monday, adding that he was confident the disruption would be short-lived.

Daines, who abruptly suspended his re-election campaign last week, highlighted that average gas prices were under $3 per gallon prior to Trump’s State of the Union speech. 

‘That’s an important win for the American people,’ the retiring Montana lawmaker said. ‘Something you’re reminded of usually weekly when you’re gassing up your vehicle.’

Some Republicans and Trump administration officials are also arguing that a defeated Iran will ultimately spur lower gas prices, even if there is pain in the short run.

White House press secretary Karoline Leavitt characterized the recent increase in oil and gas prices as ‘temporary’ during a briefing Tuesday.

‘Once the national security objectives of Operation Epic Fury are fully achieved, Americans will see oil and gas prices drop rapidly, potentially even lower than they were prior to the start of the operation,’ Leavitt said.

‘At the end of the day, we’re going to destroy this regime, and their ability to disrupt oil is going to be less, and we’re going to have more production, not less,’ Sen. Lindsey Graham, R-S.C., told reporters Monday. ‘Once you take the largest state sponsor of terrorism off the planet, who depends on oil for their revenue, that’s a more stable world.’

Nearly seven in 10 Americans — including 44% of Republicans — expect gas prices to keep increasing in the coming months, according to a Reuters-Ipsos poll released Monday.

Trump has threatened Iran with unprecedented force if the flow of oil through the Strait of Hormuz is further restricted.

‘Death, Fire, and Fury will reign upon them — But I hope, and pray, that it does not happen!’ Trump wrote Monday on Truth Social.

This post appeared first on FOX NEWS

Jaime Carrasco, senior portfolio manager and senior financial advisor at Harbourfront Wealth Management, shares his outlook for gold and silver, saying prices must rise much higher.

He also talks about how to build a strong precious metals portfolio.

‘We’re moving from a credit-based economy, a bubble that is blowing up, to a resource-based economy — and that’s very healthy going forward,’ Carrasco said.

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

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1911 Gold Corporation (‘1911 Gold’ or the ‘Company’) (TSXV: AUMB) (OTCQX: AUMBF) (FRA: 2KY) is pleased to announce that, further to the news release dated February 20, 2026, the Company has closed the initial drawdown of US$15 million (the ‘Tranche 1 Amount’) under the loan agreement dated February 19, 2026 (the ‘Loan Agreement’) with Auramet International, Inc. (‘Auramet’), which provides for a US$30 million secured credit facility (the ‘Credit Facility’). It is anticipated that the proceeds from the Credit Facility, including the Tranche 1 Amount, will be used to advance critical operational milestones at the True North Gold Project, specifically providing the capital required to purchase essential mining equipment, underground development at the True North mine, and the installation of the new crushing circuit at the mill.

The outstanding principal amount under the Credit Facility accrues interest at a rate of 12% per annum calculated and payable monthly in arrears on the last business day of each calendar month; provided, however, that no interest shall accrue on the Tranche 1 Amount for a period of six months following the closing date of the initial drawdown of the Tranche 1 Amount (the ‘Closing Date‘). The Tranche 1 Amount shall be amortized and repaid to Auramet in 12 equal monthly instalments of US$1.25 million commencing on the date that is 13 months following the Closing Date and ending on the date that is 24 months following the Closing Date (the ‘Maturity Date‘).

The obligations under the Loan Agreement are secured by a first-ranking security interest on all personal property of the Company and a continuing collateral mortgage against the Company’s True North Gold Project and Rice Lake exploration properties. The Loan Agreement includes terms and conditions customary for a transaction of this nature, including certain specified positive and negative covenants and mandatory prepayment terms.

Subject to the satisfaction of certain conditions precedent, the remaining US$15 million of the Credit Facility will be made available during the period commencing on the date that is 90 days following the Closing Date and ending on the date that is 180 days following the Closing Date.

In consideration for the arrangement of the Credit Facility, on the Closing Date, the Company paid Auramet an arrangement fee of US$1,050,000, representing 3.5% of the aggregate principal amount of the Credit Facility, which fee was satisfied by the issuance of 1,369,600 common shares in the capital of the Company (‘Common Shares‘) at a deemed price of C$1.05 per Common Share. Additionally, in consideration for the lending of the Tranche 1 Amount, on the Closing Date, the Company paid Auramet a drawdown fee of US$375,000, representing 2.5% of the Tranche 1 Amount, which fee was satisfied by the issuance of 489,142 Common Shares at a deemed price of C$1.05 per Common Share, and issued to Auramet 4,500,000 common share purchase warrants of the Company (the ‘Tranche 1 Warrants‘), with each Tranche 1 Warrant exercisable to purchase one Common Share at an exercise price equal to C$1.07 per Common Share, representing a 10% premium to the 5-day volume-weighted average price of the Common Shares on the TSXV for the five consecutive trading days ending on (and including) the date of the Loan Agreement, with such Tranche 1 Warrants expiring on the Maturity Date, subject to acceleration.

The Common Shares and the Tranche 1 Warrants issuable pursuant to the Loan Agreement and the Common Shares underlying the Tranche 1 Warrants are subject to a four-month statutory hold period under applicable Canadian securities laws, which will expire on July 10, 2026.

The securities issuable pursuant to the Loan Agreement have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Auramet

Auramet is a private company established in 2004 by seasoned professionals who have assembled a global team of industry specialists with over 400 years combined industry experience. It is one of the largest physical precious metals merchants in the world and has provided over $1.5 billion in term financing facilities to date. Auramet offers a full range of services, including physical metals trading, metals merchant banking (including direct lending), and project finance advisory services to all participants in the precious metals supply chain.

About 1911 Gold Corporation

1911 Gold is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project in the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The Company controls a large, highly prospective ~62,000-hectare land package with numerous past-producing gold operations within trucking distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to restart operations in 2027 and offers a unique, near-term production opportunity with significant exploration upside. The strategy is to build a district-scale gold mining operation around a centralized, and readily expandable infrastructure to support a socially and environmentally responsible, long-term mining operation with little development risk and a growing mineral resource base.

1911 Gold’s True North complex and the exploration land package are located within and among the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release contains forward-looking information or forward-looking statements within the meaning of applicable securities laws (collectively, ‘forward-looking statements‘). Often, but not always, forward-looking statements can be identified by the use of words and phrases such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or that describe a ‘goal’, or variations of such words and phrases, or statements that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved.

All statements that address expectations or projections about the future, including, but not limited to, statements about the use of proceeds of the Credit Facility, including the Tranche 1 Amount, the timing and ability of the Company to satisfy the conditions precedent in respect of the drawdown of the remaining principal amount under the Credit Facility and the Company’s objectives, goals and future plans and strategies, are forward-looking statements. 

All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, predictions, projections, forecasts, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the Company’s inability to satisfy the conditions precedent in respect of the drawdown of the remaining principal amount under the Credit Facility and the Company’s inability to repay the Credit Facility or comply with the covenants set out in the Loan Agreement.

Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking 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.

All forward-looking statements contained in this news release are given as of the date hereof. 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 in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE 1911 Gold Corporation

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