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The world’s oldest person, Sister Inah Canabarro Lucas, has died at age 116, her order announced on Wednesday.

The soccer-loving Brazilian nun officially became the oldest person in the world in January following the death of Japan’s Tomiko Itooka, according to Guinness World Records (GWR).

When Canabarro was born on June 8, 1908, according to GWR, Theodore Roosevelt was still the United States President, penicillin had not yet been discovered, and movies were still silent.

There is some dispute about her exact birth date, as Cleber Canabarro, her 84-year-old nephew, told the Associated Press that her birth was registered two weeks late and she was actually born on May 27.

She was so skinny growing up, Canabarro added, that many doubted she would survive to adulthood, let alone become a centenarian.

She took up religious work as a teenager and always maintained her Catholic faith was the secret to her incredibly long life. “(God) is the secret of life. He is the secret of everything,” she once said, according to LongeviQuest, a database that tracks the lives of supercentenarians. On her 110th birthday, she received a blessing from Pope Francis.

After spending two years in Montevideo, Uruguay, Canabarro moved back to Brazil and lived in Rio de Janeiro before returning to her home state, Rio Grande do Sul, AP reported.

She spent much of her life as a teacher and counted General João Figueiredo, the military dictator who governed Brazil from 1979 to 1985, among her former students.

Canabarro was a lifelong fan of her local soccer club, Sport Club Internacional (Inter), which celebrated her birthday every year. The club released a statement on Wednesday paying tribute to her “kindness, faith and love.”

British woman is now world’s oldest person

Following Canabarro’s death, English great-grandmother Ethel Caterham became the oldest person in the world, at age 115 years and 252 days, according to GWR.

Caterham is believed to be the last living person born in 1909 and is the last British person born before 1913, GWR added.

Canabarro was the second-oldest Brazilian and 15th-oldest person ever, according to LongeviQuest. The title of the oldest person ever recorded belongs to Jeanne Louise Calment. Born on February 21, 1875, her life spanned 122 years and 164 days, according to GWR.

This post appeared first on cnn.com

The man sitting in front of us belongs to the Sinaloa Cartel — one of the most powerful and feared criminal networks in the world — and one the US government recently designated a foreign terrorist organization.

This is a gang that “murder, rape, torture and exercise total control… posing a great threat to (the United States’) national security,” according to US President Donald Trump, who has promised to “wage war” against Mexico’s cartels.

It’s taken weeks to reach this man, verify his identity, and persuade him to talk with us. Our contact on the ground here in the Mexican state of Sinaloa has repeatedly reassured him we are not the police. Or DEA agents. Or the CIA.

We arrive at a nondescript house in a residential area on the southern side of Culiacán city and are instructed to cover our camera on the way in. It’s a neighborhood that’s known to be populated by cartels. Once inside, we’re taken to a dimly lit bedroom at the back of the house. A giant painting of Jesus Christ is nailed to the wall, above a rusty looking bed caked in dust. An older, beefy man stands by the window, holding a walkie-talkie close to his ear and anxiously glancing up and down the street where cars and military vehicles pass by.

The cartel member — now a terrorist in the eyes of the US government — sits in one corner of the room. He has a firm handshake and a hefty build. He wears a “Joker” movie baseball cap pulled down over his head, a scarf wrapped tightly around his face, sunglasses to disguise his eyes, and blue latex gloves to cover the tattoos on his hands. Propped up by his chair is an assault rifle. Next to that are two more walkie-talkies, from which cartel look-outs provide a constant stream of feedback on the movements of the Mexican military.

He says he produces fentanyl — the synthetic opioid that has become the most common drug involved in overdose deaths in the United States.

“Of course, of course, things are sad,” says the man, who didn’t give his real name. “(But) you have to continue… Families have to eat,” he shrugs.

For nearly two decades, Mexican authorities have been waging a battle against the cartels, with limited results. And for over five decades, various US presidents have declared wars on drugs. But amid fresh waves of cartel violence and pressure from Trump in the form of threatened US military intervention and higher import tariffs, President Claudia Sheinbaum has adopted a more head-on approach to tackling the issue. (Her predecessor Andrés Manuel López Obrador’s “hugs, not bullets” stance proved woefully ineffective.)

Around 10,000 members of Mexico’s National Guard have been sent to their northern border, in part to stop the flow of narcotics from entering the US. And hundreds of soldiers are believed to have joined preexisting armed forces, marines, National Guards and law enforcement already stationed in Sinaloa state, home to the infamous Sinaloa drug cartel previously led by the notorious drug lord Joaquín “El Chapo” Guzmán.

The precursor chemicals used to make fentanyl are largely sourced from China, before being cooked up in labs across Mexico, where cartels have well-established control over entire territories — and relatively easy access to the US market. (The Mexican government denies that fentanyl is produced in country, claiming instead that most of the synthetic labs they discover are being used to make methamphetamine.)

Business these days is not good, the cartel member says, acknowledging that the Sinaloa Cartel itself has been significantly weakened by the military’s actions. But they can still survive. Only small quantities of the drug can be produced, he explains, as the group needs to stay nimble in case the authorities carry out impromptu raids.

Using smaller reactors and cooking equipment allows them to dismantle their operation at a moment’s notice, and to smuggle these manageable quantities of drugs through different neighborhoods — and eventually over the border. Sometimes they move location for different stages of production, ensuring they’re only in one area for a short period of time. The cartels are also pouring additional resources into surveillance to keep tabs on the police and military. And much of the production has moved to other states, where the Mexican military has less of a presence.

A mammoth military task

Crammed into a Blackhawk helicopter with the Mexican military, the challenges of disrupting the drug trade can be seen in the sprawling landscape below.

Sinaloa state stretches out for over 22,000 square miles, and the soldiers scour the mountainous terrain beneath them for any signs of tracks, electrical wires or water supplies that could lead to a hideout where drugs are produced. Given that these operations have mostly moved out of the city and are now tucked away somewhere in this vast countryside, they’re much harder to spot.

Fields of marijuana and poppies (used to make heroin) are more visible, but the synthetic drug labs can pop up anywhere and often require only rudimentary equipment: pots, pans, basic protective gear to stop the workers from breathing in toxic fumes, plastic vats where the chemicals are mixed, small reactors used to “cook” the final product and a sheet of tarpaulin that hangs above, so their operation is not visible from the military’s helicopters or drones.

On a visit to one recently discovered meth lab, it was apparent that a small team of cartel employees had been working here up until the day before. The military rarely catch the culprits, who likely scarper as soon as they see the helicopter landing. Left behind are parts of a reactor and big plastic containers of liquid meth, along with piles of perishable food, water and even a pair of jeans — signs that they’d been camped up in this area for several days.

Mexican soldiers wearing gas masks and white Hazmat suits smash through the remaining equipment in sweltering 96-degree Fahrenheit heat, stopping occasionally to mop up sweat pouring from their faces.

A sign was nailed to a post at the entrance of the lab. It read “To make a deal: Cell phone”: an open invitation for any willing soldier to write their phone number and look the other way, presumably in exchange for a payout.

“This literally never happens,” insists Brigadier General Porfirio Fuentes Vélez. “I see the government’s commitment in addressing (the issue of drugs). We know it’s a very serious problem because there’s a market that demands a lot of synthetic drugs. But criminals are increasingly producing less… because the strategy of the current Mexican president is to strengthen the coordination of all agencies at the federal, state, and municipal levels.”

But off the record, almost everyone we speak to acknowledges that corruption is widespread. In fact, the security chief who oversaw a previous crackdown was later convicted in US federal court for taking millions of dollars from the Sinaloa cartel.

War within a war

Rosalinda Cabanillas lets out a guttural wail that echoes across the entire cemetery. The sound of pain that no mother should have to go through. She clings to the white casket carrying her 26-year-old daughter, Vivian Karely Aispuro, whose body was found 17 agonizing days after she disappeared.

“Thank you for the great adventure. Thank you for everything,” sobs 27-year-old Alma Aispuro, as her younger sister’s body is lowered into the ground. A bright, five-piece mariachi band blast out their tunes in a constant loop.

Over the last seven months, violence has surged across Sinaloa, particularly in Culiacán. The city has become awash with blood, as rival factions of the Sinaloa cartel fight a deadly war of vengeance. Two powerful leaders of the Sinaloa cartel were arrested in Texas last July: Ismael Zambada Garcia (known as “El Mayo”, he’s a co-founder of the group) and Joaquín Guzmán López, son of El Chapo. Both stand accused of leading fentanyl manufacturing and trafficking networks. But Zambada was caught after an alleged betrayal by Guzmán López, officials say, driving their followers into opposing groups. (In the US, Zambada has pleaded not guilty on a 17-count indictment accusing him of narcotics trafficking and murder. Gúzman López has pleaded not guilty to narcotics, money laundering and firearms charges.)

Since then, Culiacán has become paralyzed by regular shootouts between the two factions, as well as the military. More than 1,200 men, women, and children have been killed in the past year, more than double the toll of the previous 12 months, according to the State Council of Public Safety (a citizens’ organization). Hundreds more have gone missing.

Though the military’s presence has helped calm the situation somewhat, it’s far from under control, and fear runs deep among many residents. Attendance at local schools is down, and children are taught how to take cover in case they find themselves trapped between gunfire. As night falls, the usually vibrant city is eerily quiet — apart from the occasional sound of gunfire. A self-imposed curfew still mostly stands, with bars and restaurants closing early. Volunteer paramedics whizz round on motorbikes, responding to a stream of medical emergencies resulting from violent incidents.

Alma says that her sister Vivian was not involved with the cartels, and we found no evidence to suggest otherwise. “But the violence raging here in Culiacán led to this happening. Because before the war we’re experiencing now, there were codes — and women and children were respected. After the war, those codes no longer exist,” she says.

Anyone with even the slightest involvement with members of the cartel could be at risk. And even those who keep their distance, we were told by residents living through this, can find themselves taken hostage or murdered.

Miguel Calderón, who lives in Culiacán and works for the State Council on Public Security, believes that things could be even worse.

“That pressure (from the Trump administration) has translated into tangible results here, into better coordination that translates into all these issues of inhibiting criminal activity, especially its firepower… If it weren’t for federal forces and all this military support from the national government, the problem would be two or three times worse.”

Ultimately, though, he believes it’s difficult to maintain this pressure when so many young men are being recruited into the cartel every day, with promises of paychecks far bigger than they’d receive otherwise. He says that something needs to be done to seriously curb the US demand for the drugs produced here. Without that, the Sinaloa cartel are likely to remain a prominent, wealthy force — and more families will feel anguish like that of Vivian Aispuro’s family.

“After my sister, that same day we found her dead, five women disappeared, including girls and others the same age as my sister. And we’re afraid, honestly, I’m afraid. I’m afraid for my family. I’m afraid to be a woman in Mexico, and I’m afraid that no one will help us, no one will listen to us, and that no one cares about us,” says Alma, as she watches the gravediggers shovel dirt over her sister’s grave.

This post appeared first on cnn.com

The pontificate of Pope Francis profoundly shook up the Catholic Church.

His restless 12-year-papacy, with its focus on a “poor church for the poor,” called on Catholicism to leave its comfort zone and pitch its tent among the poorest communities. Francis opened discussions on topics that were once viewed off limits, such as the role of women. He welcomed LGBTQ Catholics as “children of God” and opened the door for remarried divorcees to receive communion. He also generated attention with his strong critiques of economic injustice and calls to protect the environment.

Throughout his papacy, however, Francis faced fierce resistance from small, but noisy, conservative Catholic groups and a certain amount of indifference and silent resistance from bishops in the hierarchy.

Now, as 133 voting members of the College of Cardinals prepare for the conclave, the closed-doors process to elect Francis’ successor, they face a weighty choice: Build on the late pope’s reforms and vision, or slow things down and embark on a course correction.

Those who will process into the Sistine Chapel on Wednesday to begin the process to elect a new pope could not have failed to notice the outpouring of affection for Francis after he died.

When Cardinal Giovanni Battista Re, the Dean of the College of Cardinals, talked warmly about Francis’ vision for the church as he delivered the homily at Francis’ funeral, the crowd gathered in St. Peter’s Square repeatedly applauded. And in East Timor, which Francis visited in 2024, around 300,000 people attended a Mass for the late pope on the same day as the funeral. All of this has led one retired cardinal to urge his confrères to take note.

“The people of God have already voted at the funerals and called for continuity with Francis,” Cardinal Walter Kasper, 92, a theological adviser to the late pope, told La Repubblica, an Italian daily newspaper.

In other words – read the room.

Francis’ supporters say that only a pope willing to continue what the late pontiff started will do so. But the politics of a papal election process are subtle. Anyone overtly campaigning to be pope immediately disqualifies themselves and the cardinals must vote according to what they discern to be the will of God. Still, that doesn’t mean simply sitting in their rooms and praying for divine inspiration on how to vote.

Each morning during the pre-conclave period the cardinals meet in the Paul VI synod hall for “general congregations.” Then, in the evenings, they often continue the discussions over a plate of pasta and a glass of wine, with several seen eating in trattorias in the Borgo Pio, a village-like quarter near the Vatican.

A fault line is already emerging. Some cardinals want the next pope to follow firmly in Francis’ footsteps and focus on the “diversity” of the universal church, whose axis has shifted away from Europe and the West. Others are calling on the next pope to emphasize “unity” – code for a more predictable, steady-as-she-goes approach.

Austen Ivereigh, a papal biographer and Catholic commentator, puts the two positions this way.

“The first (diversity) sees Francis as the first pope of a new era in the Church, showing us how to evangelize today, and how to hold together our differences in a fruitful way,” he explained.

“The second (unity) sees the Francis era as a disruption, an interruption, that now needs to be reined back by a return to a greater uniformity.”

Those pushing the “unity” line include some of the most vociferous critics of the late pope, such as Cardinal Gerhard Müller, the Vatican’s former doctrine chief who Francis replaced in 2017. Characterizing the last pontificate as a divisive authoritarian, he recently told the New York Times: “All dictators are dividing.”

Most cardinals will not share Müller’s characterization, and cardinals have repeatedly expressed appreciation for Francis’ concern for those at the margins and his ability to connect with people.

But a number of them are rallying around the “unity” slogan and have plenty of criticisms of the last papacy, including his decision to embark on a major, multi-year reform process – the synod – that has opened questions about women’s leadership and how power is exercised in the church.

Some also didn’t like Francis’ full-throated critiques of priests who like to wear elaborate vestments or his offering of blessings to same-sex couples, which has been rejected by some bishops in Africa. The feeling among the “unity” group, which has the support of some retired cardinals, is that the next pope needs less of the disruptive style of Francis.

The leading “unity” candidate, it would appear, is Cardinal Pietro Parolin, the Holy See Secretary of State. He would not represent an obvious break with Francis, but his style would be very different. Parolin is a mild-mannered, thoughtful Italian prelate who oversees the Vatican’s diplomacy, which has included a provisional agreement with China over the appointment of bishops.

But Parolin’s sceptics point to his lack of experience working at the church’s grassroots and his flat delivery of a homily at a Mass for around 200,000 young people in St Peter’s Square, the day after Francis’ funeral. As he read from his notes, the cardinal seemed unable to engage the congregation, in stark contrast to Francis, who frequently spoke off-the-cuff and would often engage in a back and forth with young people.

Others see the unity argument as superficially attractive but having the wrong focus. One of those is Cardinal Michael Czerny, who worked closely with Pope Francis, and has led the Vatican office for human development. He said that unity – while essential – cannot be a program or a policy.

“The terrible danger is, if you make this your obsession, and if you try to promote unity as your primary objective, you end up with uniformity,” he said. “And this is exactly what we don’t need. We spent decades now trying to learn to get beyond uniformity to a true catholicity, a true pluralism.”

Czerny added: “It’s interesting the words (unity and uniformity) are so close, but the difference is huge. I think one is the kiss of death, and the other is life and abundant life.”

Will of the people

Each night during the nine official days of mourning that follow the death of a pope, a cardinal presides at a Mass and has an opportunity to reflect on Francis’ pontificate. It’s harder for cardinals to be openly critical of the late pontiff while others among them are asking in these Masses how the cardinals can build on what Francis started.

“I think of the multiple reform processes of Church life initiated by Pope Francis, which extend beyond religious affiliations,” Cardinal Baldassare Reina, the vicar of Rome, said in a homily this week.

“People recognized him as a universal pastor. These people carry concern in their hearts, and I seem to discern in them a question: What will become of the processes that have begun?”

That need to continue the reforms begun by Francis could favor a candidate such as Cardinal Mario Grech, who leads the synod office, and which has showcased the diversity of the church. The reform-minded German cardinal Reinhard Marx has been among those arguing for a pope who continues in the line of Francis, as has Cardinal Jean-Claude Hollerich of Luxembourg, who played a leading role in the synod.

A “diversity” candidate could come from Asia or be closely connected to the church’s frontline missions. In this vein, there is some talk of Cardinal Luis Antonio Tagle of the Philippines, but he is not the only possibility.

Outcome hard to predict

The group of cardinals choosing Francis’ successor is a diverse body drawn from virtually every corner of the globe; during his pontificate Francis dramatically re-shaped the body of cardinals, making appointments to countries that had never had a cardinal before.

But it means that many of them don’t know each other well, and during the discussions in the Paul VI synod hall, the cardinals have been wearing name badges. The intense media interest also seems to have startled cardinals unused to being swarmed by groups of reporters and cameras when they enter or leave the Vatican.

It is much harder to predict how such a diverse body is going to vote. However, it seems the cardinals from the “peripheries,” who represent the shift in the Catholic Church’s axis away from Europe, largely share the late pontiff’s vision and are primarily focused on how the next pope responds to the crises facing the globe.

“Religions must unite in a common cause to save humanity,” he said. “The world urgently needs a new breath of hope – a synodal journey that chooses life over death, hope over despair. The next pope must be that breath!”

The cardinals entering the Sistine Chapel next week for conclave are not just casting their vote for a new pope, but making a critical decision that will impact the church for years to come.

This post appeared first on cnn.com

Germany’s domestic intelligence agency on Friday classified the far-right Alternative for Germany (AfD) as an extremist entity that threatens democracy, a move enabling it to better monitor the party that came second in February’s federal election.

The BfV agency’s finding, based on a 1,100-page expert report, that the AfD is racist and anti-Muslim allows the authorities to increase surveillance of the party, including by recruiting confidential informants and intercepting communications.

The stigma could also hamper the party’s ability to attract members, while public funding could be at risk.

The AfD, which currently tops several opinion polls, condemned the decision, while political analysts said it risked further fueling support for the party.

“Central to our assessment is the ethnically and ancestrally defined concept of the people that shapes the AfD, which devalues entire segments of the population in Germany and violates their human dignity,” the domestic intelligence agency said in a statement.

“This concept is reflected in the party’s overall anti-migrant and anti-Muslim stance.”

The AfD has “defamed and vilified” individuals and groups, stirring up “irrational fears and hostility toward them,” it added.

In the party’s first response to the report, the leader of a regional parliamentary group, Anton Baron, said: “It is sad to see the state of democracy in our country when the established parties now resort to the most politically questionable means to act against the strongest opposition party.”

Heated debate

The intelligence decision comes days before conservative leader Friedrich Merz is due to be sworn in as Germany’s new chancellor and amid a heated debate within his party over how to deal with the AfD in the new parliament.

The party won a record number of seats, theoretically entitling it to chair several key parliamentary committees.

A prominent Merz ally, Jens Spahn, has called for treating the AfD as a regular opposition party in parliamentary procedures, arguing that this approach prevents the party from adopting a ‘victim’ narrative.

However, other established parties as well as many within Spahn’s own conservatives have rejected that approach – and could use Friday’s news as justification for blocking AfD attempts to lead key committees.

“There is tension between a party’s claim to chair positions based on its size and the freedom of conscience of the members of parliament,” said political scientist Wolfgang Schroeder at Kassel University.

“Now, these members can argue that AfD representatives do not meet the necessary standards. The signs are mounting that the AfD is not a normal party, and as a result, it will continue to be marginalized.”

The classification could reignite attempts to get the AfD banned, but Germany’s outgoing chancellor Olaf Scholz, whose Social Democrats will be the junior partner in Merz’s new coalition, advised against rushing to outlaw the AfD.

“I am against a quick shot, we have to evaluate the classification carefully,” he said on Friday at a church convention in the northern city of Hanover.

The German parliament could also attempt to limit or halt public funding to the AfD – but for that authorities would need evidence that the party is explicitly out to undermine or even overthrow German democracy.

Certain factions of the AfD such as its youth wing had already been classified as extremist, while the party at large was classified as a suspected extremist case in 2021.

Created to protest the euro zone bailouts in 2013, the euroskeptic AfD morphed into an anti-migration party after Germany’s decision to take in a large wave of refugees in 2015.

That the BfV agency needs a certain classification to be able to monitor a political party reflects the fact it is more legally restrained than other European intelligence services, in reaction to the country’s experience under both Nazi and Communist rule.

This post appeared first on cnn.com

Manganese, a key ingredient for the steel market, is also seeing growth in demand from the electric vehicle battery sector, particularly when it comes to high-purity manganese chemical products.

Manganese investors are often interested to hear which countries produce the most of the metal. After all, if a nation is producing a lot of manganese, many companies are likely operating there, and investment opportunities may thus be available.

However, what investors sometimes fail to consider is manganese reserves, or how much economically mineable manganese a country holds, and which companies are working to bring those reserves into production.

Here’s an overview of the five countries with the highest manganese reserves. Data for this list of manganese reserves by country comes from the US Geological Survey’s 2025 report on manganese.

1. South Africa

Manganese reserves: 560 million metric tons

At 560 million metric tons, South Africa holds the highest manganese reserves in the world by a long shot. The nation is also the world’s top producer of the metal, with 2024 output of 7.4 million metric tons.

South32 (ASX:S32,LSE:S32,OTC Pink:SHTLF) is a major presence in the South African manganese space. Its South Africa Manganese operation is located in the manganese-rich Kalahari Basin and consists of the open-pit Mamatwan mine, the underground Wessels mine and the Metalloys manganese alloy smelter.

Another ASX-listed manganese miner, Jupiter Mines (ASX:JMS,OTC Pink:JMXXF) is also operating in the area at its Tshipi Borwa mine, considered the largest manganese mine in country and one of the largest in the world.

2. China

Manganese reserves: 280 million metric tons

The country with the next highest manganese reserves is China at 280 million metric tons of manganese. The Asian nation is also the sixth largest producer of manganese ore, the largest producer of refined manganese and the largest consumer of the metal. Unsurprisingly, China’s economy and government regulations have an outsized impact on the global manganese market.

There have been several significant manganese discoveries in China over the last decade. In late 2023, new manganese deposits were discovered in the southeast province of Jiangxi during government-led exploration work, and manganese deposits were discovered in the southwest province of Guizhou in 2017. More recently, in March 2025, Chinese government geologists confirmed an inferred resource estimate of 6.07 million tons of manganese ore in the Maowanli manganese project in the Sichuan province.

Looking further down the value added chain, Australian miner Firebird Metals (ASX:FRB,OTC Pink:FRBMF) has partnered with a subsidiary of China National Chemical Engineering Co. (SHA:601117) to build a high-purity manganese sulphate plant in China, which has entered pilot production. Firebird has an ore supply agreement in place with Eramet (EPA:ERA) for manganese ore to feed the plant, and it could potentially be supplied by Firebird’s Oakover manganese project in Australia in the future.

3. Brazil

Manganese reserves: 270 million metric tons

Brazil hosts a total of 270 million metric tons of manganese reserves as of 2024. The country produced 590,000 metric tons of the metal in 2024, making it the seventh-largest manganese-producing country.

Buritirama Mining, a subsidiary of Grupo Buritipar, is Brazil’s leading producer of the metal. The company invested US$200 million in 2023 to expand operations at its Para state mine.

Major miner Vale (NYSE:VALE), previously the largest manganese miner in the country, offloaded its Brazilian manganese and iron ore assets to J&F Investimentos in 2022. Going forward, J&F has said it plans to invest more than US$1 billion in increasing the iron ore and manganese output from the mines it purchased from Vale.

4. Australia

Manganese reserves: 110 million metric tons

At 110 million metric tons, Australia holds the fourth highest manganese reserves in the world. The nation is also the world’s third largest producer of the metal. In 2024, Australia’s manganese output came in at 2.8 million metric tons.

Australia’s largest manganese ore producer is Groote Eylandt, a 60/40 joint venture between South32 and Anglo American (LSE:AAL,OTCQX:AAUKF), in the nation’s Northern Territory. In mid-March 2024, operations at Groote Eylandt were negatively impacted by Tropical Cyclone Meghan — the second strongest cyclone to hit the area in the past two decades.

The storm damaged critical infrastructure at the site, including a haulage bridge between the mine and processing facilities, as well as the wharf from which manganese ore is shipped. South32 is currently conducting engineering studies to determine a schedule and capital costs to make the repairs needed to restore operations at Groote Eylandt.

As of mid-April 2025, South32 had completed construction at the wharf and expected to start export sales again in May.

5. Gabon

Manganese reserves: 61 million metric tons

Gabon hosts the fifth largest manganese reserves in the world at 61 million metric tons; however, the Central African nation is the second largest producer of the metal with an output of 4.6 million metric tons in 2024.

Gabon is also the largest source of US manganese imports at 63 percent in 2024 compared to 23 percent from South Africa.

Eramet’s Moanda mine is a centerstone of the country’s manganese mining sector and it is based on one of the world’s richest manganese deposits. Eramet is the world’s second largest miner of high-grade manganese ore and operates the mine through its subsidiary COMILOG. In response to an oversupplied market, Eramet temporarily paused production at Moanda in the fourth quarter of 2024, but it has since recommenced.

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

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This post appeared first on investingnews.com

The Trump administration has finalized a profit-sharing agreement with Ukraine that will give the US a 50 percent stake in future revenues from the war-torn country’s stores of critical minerals.

At the heart of the deal, announced on Wednesday (April 30), is a set of materials that are foundational to both economic growth and national security, including graphite, lithium, titanium, beryllium and uranium.

The deal also covers the 17 rare earth elements, which are key components in the manufacturing of clean energy technologies like wind turbines, solar panels, electric vehicles and modern weapons systems.

According to US Secretary of the Treasury Scott Bessent, the deal is part of Washington’s broader vision for “a peace process centred on a free, sovereign, and prosperous Ukraine over the long term.”

“President Trump envisioned this partnership between the American people and the Ukrainian people to show both sides’ commitment to lasting peace and prosperity in Ukraine,” Bessent added in a statement.

While emphasizing a commitment to peace in Ukraine, he also issued a warning: any entity ‘who financed or supplied the Russian war machine’ will be barred from taking part in Ukraine’s reconstruction, a thinly veiled reference to Russia’s state-backed energy and mining sectors, as well as Chinese firms with close ties to Moscow.

The US currently imports many key minerals. The US Geological Survey states that of the 50 minerals it classifies as “critical,” the country is 100 percent import-dependent on 12 of them, and more than 50 percent dependent on 16 others.

Meanwhile, China has established near-total dominance over global rare earths production and refining, raising alarms in western capitals about overreliance on a strategic rival.

Ukraine, in contrast, is sitting on a potential treasure trove. The Ukrainian government says it has deposits of 22 of the 50 critical minerals the US deems critical, including some of the world’s largest graphite and lithium reserves.

Many of these resources are located in the country’s eastern and southern regions, some of which remain under Russian occupation and are worth an estimated US$500 billion in untapped reserves.

A deal born of conflict and eventual compromise

The minerals deal has a fraught history, with Trump originally pitching it as a way for the US to be “repaid” for military assistance provided to Ukraine since Russia’s full-scale invasion in 2022.

Trump claims the US has sent over US$350 billion in aid, a figure far higher than the official tally of US$183 billion listed on the US government’s own Ukraine Oversight webpage.

That early version of the agreement collapsed after a tense Oval Office meeting on February 28, during which Trump blamed Ukrainian President Volodymyr Zelenskyy for failing to prevent Russia’s invasion.

Negotiations were revived following a more conciliatory conversation between the two leaders during Pope Francis’ funeral in Rome. Since then, Trump has softened his public rhetoric toward Kyiv while sharpening criticism of Russian President Vladimir Putin, who has dismissed Trump’s ceasefire overtures.

Speaking at a White House cabinet meeting on the day the deal was signed, Trump defended the agreement as a necessary course correction after years of what he described as “throwing money out the window.”

“We had no security, we had no nothing — just pouring money there, unsecured money,” Trump said. “So I said, ‘Well, we want something for our efforts beyond what you would think to be acceptable.’”

The final version of the deal, confirmed by Ukrainian Economy Minister Yulia Svyrydenko, establishes a joint development fund with equal 50/50 profit sharing. “It is important that the agreement will become a signal to other global players that it is reliable to cooperate with Ukraine in the long term — for decades,” she said in a post on X, also emphasizing that Kyiv will retain sovereign control over resource management.

Still, the negotiations came down to the wire. Bessent admitted that Ukrainian officials had proposed last-minute changes, delaying the signing until the afternoon.

The precise terms of the final accord remain under wraps, and the treasury department has declined to release a full copy, despite reporting from the Washington Post and the Kyiv Independent on key provisions.

Opportunities and risks moving forward

While Trump has portrayed the agreement as a personal victory and proof of his commitment to “peace through strength,” some analysts caution that the US-Ukraine minerals partnership could be vulnerable to future instability.

Ed Verona, a senior fellow at the Atlantic Council’s Eurasia Center, has warned that “few serious US investors will put their shareholders’ money at risk based on such a clearly unbalanced ‘deal.’”

Verona cited Russia’s own resource history as a cautionary tale. “Production sharing agreements signed during the difficult transitional period of the 1990s were subsequently repudiated by Putin’s regime, with Western partners forced to surrender control and majority ownership in major projects,” he said.

Moreover, with no security guarantees attached to the deal, Ukraine’s ability to develop its resource sector could still be jeopardized by continued fighting, especially as some of the most mineral-rich regions remain under Russian control.

As the G7 Summit in Kananaskis, Alberta, approaches, where Canadian Prime Minister Mark Carney and Zelenskyy are expected to meet again, western unity on Ukraine’s reconstruction will be under scrutiny.

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

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THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Halcones Precious Metals Corp. (TSX-V: HPM) (the ‘ Company ‘ or ‘ Halcones ‘) announces it has closed, on an upsized basis, its previously-announced non-brokered private placement of units (the ‘ Offering ‘) of the Company (the ‘ Units ‘) pursuant to which the Company issued 10,204,153 Units at a price of $0.07 per Unit for aggregate gross proceeds of $714,290.71. Each Unit is comprised of one common share in the capital of the Company (‘ Common Share ‘) and one-half of one Common Share purchase warrant (each whole warrant, a ‘ Warrant ‘). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.10 per Common Share for a period of 36 months following the date hereof.

The Company plans to use the net proceeds of the Offering to continue the exploration work on its Polaris Project as well as for general corporate working capital purposes.

Insiders of the Company participated in the Offering and were issued an aggregate of 2,571,428 Units. Such participation in the Offering is a ‘related party transaction’ as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘). The Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities issued to insiders nor the consideration for such securities by insiders exceed 25% of the Company’s market capitalization.

In connection with the Offering, the Company paid cash finder’s fees of $9,099.30 and issued 129,990 finder’s warrants (the ‘ Finder Warrants ‘) to eligible finders. Each Finder Warrant entitles the holder to acquire one Common Share at a price of $0.07 for a period of 36 months following the date hereof. The Offering remains subject to the final approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Halcones Precious Metals Corp.

Halcones is focused on exploring for and developing gold-silver projects in Chile. The Company has a team with a strong background of exploration success in the region.

For further information, please contact:

Vincent Chen, CPA
Investor Relations
vincent.chen@halconespm.com
www.halconespreciousmetals.com

Cautionary Note Regarding Forward-looking Information

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, regarding the Offering, the Company’s intended use of proceeds from the Offering, the approval of the Offering by the TSXV, the Company’s ability to explore and develop its Polaris project and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’. Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Halcones, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Halcones has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information 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 information. Halcones does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER 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.

News Provided by GlobeNewswire via QuoteMedia

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Here’s a quick recap of the crypto landscape for Wednesday (April 30) 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$93,992.22 as markets closed for the day, down 1.3 percent in 24 hours. The day’s range has seen a low of US$93,333.62 and a high of US$94,464.34.

Bitcoin performance, April 30, 2025.

Chart via TradingView.

Cryptocurrencies have fallen slightly after the US Department of Commerce revealed that US gross domestic product declined by 0.3 percent in Q1, in contrast to economists’ expectations for a 0.4 percent gain.

Wednesday’s reading marks the first decline since Q1 2022. “Multiple indicators are now showing a recession to be the base case expectation in 2025,” according to the Kobeissi Letter.

Ethereum (ETH) ended the day at US$1,782.75, a 1.9 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$1,750.28 and reached its daily high as the markets wrapped.

Altcoin price update

  • Solana (SOL) ended the day valued at US$145.18, down 2.5 percent over 24 hours. SOL experienced a low of US$141.31 and peaked at $145.61.
  • XRP traded at US$2.19, reflecting a 4.3 percent decrease over 24 hours. The cryptocurrency recorded an intraday low of US$2.15 and reached its highest point at US$2.20.
  • Sui (SUI) was priced at US$3.41, showing a decreaseof four percent over the past 24 hours. It achieved a daily low of US$3.32 and a high of US$3.46.
  • Cardano (ADA) was trading at US$0.6808, down 3.6 percent over the past 24 hours. Its lowest price on Wednesday was US$0.6711, with a high of US$0.6862.

Today’s crypto news to know

Grayscale launches Bitcoin Adopters ETF

On Wednesday, Grayscale announced the launch of the Grayscale Bitcoin Adopters ETF on the NYSE Arca under the ticker symbol BCOR. The fund is based on the Indxx Bitcoin Adopters Index.

The launch of this exchange-traded fund (ETF) represents the growing interest in Bitcoin among corporations. According to Rahul Sen Sharma, president and Co-CEO at Indxx, public companies’ Bitcoin holdings increased by 16.1 percent in the year’s first quarter, valued at approximately US$57 billion. Roughly 3 percent of Bitcoin’s total supply is now held by companies globally, indicating a major shift in corporate treasury management.

Tether announces plans for US dollar stablecoin

Tether CEO Paolo Ardoino announced in a CNBC interview on Wednesday afternoon that his company plans to launch a US dollar stablecoin in the US as early as the end of this year or in early 2026.

Tether’s existing USDT stablecoin is the leading US dollar exporter with a market cap of nearly US$150 billion; however, it is overshadowed in the US by Circle’s rival product, USDC.

Ardoino told CNBC that USDT was created for smaller, developing economies, and that its new product will be designed with features that cater specifically to the US market.

SEC postpones decisions on XRP and DOGE ETFs

The US Securities and Exchange Commission (SEC) has extended its review period for two proposed spot cryptocurrency exchange-traded funds (ETFs) tied to XRP and Dogecoin, delaying any decision until mid-June.

The agency cited a need for more time to evaluate the filings, specifically the Bitwise DOGE ETF and the Franklin XRP Fund, and the legal issues they raise.

Under federal securities law, the SEC is allowed up to 90 days from the initial publication to make a decision, and this delay appears to fall within that window. Analysts speculated that the delay was anticipated and aligns with broader expectations that most final rulings will land in the fall.

While DOGE and XRP prices saw little immediate movement, the delay signals the SEC’s continued caution around expanding ETF offerings beyond Bitcoin and Ethereum.

Kraken launches ‘Embed’ service to let banks offer crypto trading

Crypto exchange Kraken is opening a new front in institutional crypto adoption with the launch of “Embed,” a plug-and-play crypto trading service for fintechs, neobanks, and traditional financial institutions.

Announced on Wednesday, the service enables companies to integrate crypto trading directly into their apps and websites using Kraken’s APIs, bypassing the need to build costly infrastructure or secure their own licenses.

Amsterdam-based digital bank Bunq is the first to roll out the new service, debuting ‘Bunq Crypto’ to let European users trade digital assets within its existing app.

According to Kraken’s head of payments, Brett McLain, the goal is to offer access to a wide range of tokens and fast asset listings, which he says sets Kraken apart from other white-label providers like Bitpanda.

Embed customers will pay variable service fees and share a portion of trading revenues with Kraken.

KuCoin pledges US$2 billion to Trust project

KuCoin announced a bold US$2 billion investment into what it’s calling the “Trust Project,” a sweeping initiative to restore user confidence and improve transparency across its platform.

The announcement was made during the TOKEN2049 conference in Dubai, where KuCoin executives laid out a roadmap focused on regulatory alignment, user protection, and responsible innovation.

A major component of the project involves giving the exchange’s native token, KCS, a larger role in governance, risk mitigation, and user reward structures. CEO BC Wong said the investment is aimed at securing the “long-term health” of the digital asset ecosystem by strengthening accountability and neutralizing systemic risks.

The initiative arrives as global regulators intensify their scrutiny of centralized exchanges and demand higher standards for custody, disclosures, and user safeguards.

Nasdaq files to list 21Shares Dogecoin ETF

In a fresh bid to tap into retail enthusiasm for meme coins, the Nasdaq has submitted a formal application with the SEC to list the 21Shares Dogecoin ETF, according to a 19b-4 filing released Tuesday.

The ETF is designed to track Dogecoin’s market performance via the CF DOGE-Dollar Settlement Price Index and will hold the token directly, without using leverage or derivatives.

Coinbase Custody Trust has been named as the fund’s official custodian, offering added legitimacy and security to the proposed vehicle. The filing comes in the wake of 21Shares’ S-1 registration and its partnership with the House of Doge — a corporate arm of the Dogecoin Foundation — to promote the fund.

Although the SEC recently delayed a decision on Bitwise’s similar DOGE ETF, Nasdaq’s move signals sustained momentum behind bringing more meme coin exposure to regulated markets.

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.

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McDonald’s reported its worst quarterly sales for the United States since the height of the pandemic in 2020, the latest restaurant chain to be affected by America’s turbulent economic environment.

The burger giant reported U.S. same-store sales fell 3.6%, the largest three-month drop since Q2 2020, when they plunged 8.7%. Forecasts had been for a decline of just 1.7%.

‘Consumers today are grappling with uncertainty,’ McDonald’s Chairman and CEO Chris Kempczinski said in a statement, as the chain cited lower guest counts.

In a follow-up call with investors, McDonald’s executives said that traffic among middle-income diners fell by ‘nearly double digits’ alongside an ongoing drop-off among low-income ones. As an example, they said more people appear to be skipping breakfast entirely to cut back on spending, or eating breakfast at home.

‘People are just visiting less,’ they said.

High-income traffic, meanwhile, remained stable, they said.

That reflects the economy writ large: While less-well-off consumers rein in transactions to focus on essentials, wealthy consumers continue to spend freely.

McDonald’s is the latest restaurant chain to report weak financial results amid signs that consumers are pulling back on discretionary spending. Chipotle, Domino’s, Pizza Hut, Shake Shack and Starbucks all saw slowing or declining sales in their quarter, with many citing particular weakness among lower-income consumers.

McDonald’s also reported revenues that missed forecasts for the third time in four quarters.

The more volatile economic environment that’s been accelerated by President Donald Trump’s tariffs policies is also being felt abroad.

On the call, company officials said that while the McDonald’s brand hadn’t been affected by worsening perceptions of the U.S. by overseas consumers, its internal surveys had picked up a notable uptick in anti-American sentiment, particularly among diners in northern Europe and Canada.

‘We have seen … an increase in people in various markets saying they’re going to be cutting back on purchases of American brands,’ they said.

It nevertheless maintained its full-year financial outlook, including plans to open 2,200 locations, which it said should help boost sales growth by slightly more than 2%. It said a promotional tie-in with the ‘Minecraft Movie’ had been a hit, and that its refreshed value offerings continued to position it strongly compared with competitors.

Still, officials said on the call that they remained “cautious about consumer sentiment.”

Shares fell 1.6% in early trading.

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