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L.A. County sues Roblox, alleges platform makes it easy for adults to target children

Los Angeles County filed a civil lawsuit against Roblox, alleging that the platform markets itself as a gaming experience for children but has created a ‘largely unsupervised online world’ that allows adults to mingle with minors with very little oversight.

The lawsuit says that Roblox’s architecture makes it easy for adults to masquerade as children in order to target them.

‘Beneath the bright animation and cheerful branding lies an environment in which child predators can readily locate, contact, and interact with minors through Roblox-enabled features and defaults, and where age-inappropriate sexual content and sexually themed interactions and experiences can be assessed and disseminated through Roblox’s functionality and tools, leaving minors to navigate dangers they do not and cannot understand,’ the lawsuit says.

The suit was filed on Thursday and asks that Roblox be ordered to pay a civil penalty of up to $2,500 for each violation of the Unfair Competition and False Advertising laws. It also asks that Roblox cover the county’s legal fees.

Roblox said in a statement that it disputes the county’s claims ‘and will defend against it vigorously.’

‘Roblox is built with safety at its core, and we continue to evolve and strengthen our protections every day,’ a company spokesperson said. ‘We have advanced safeguards that monitor our platform for harmful content and communications, and users cannot send or receive images via chat, avoiding one of the most prevalent opportunities for misuse seen elsewhere online.’

The company said safety remains a top priority and takes ‘swift action against anyone found to violate our safety rules.’

The lawsuit, however, accuses Roblox of failing to implement safety measures, including age verification, default communications restrictions and effective reporting mechanisms.

‘These fixes are obvious, easy, and long overdue,’ it says.

The county said in its suit that it has had to ‘expend, divert and increase resources to address rising rates of child sexual exploitation, trafficking, abuse and mental health trauma.’

‘By taking actions that increase the costs of law enforcement, child protective services, victim services, mental health counseling, and other public services, Roblox has diverted taxpayer dollars away from other critical public programs and services,’ the suit alleges.

Roblox said in its statement that as of January, it requires all users to undergo a facial age check to use the chat feature, and that chat users are placed into age groups.

Parents are given control over whether their child can access the chat feature, can block specific users and games, and can set screen time limits. The company also said it does not allow users to send images or videos via chat.

‘There is no finish line when it comes to protecting kids, and while no system can be perfect, our commitment to safety never ends,’ Roblox said.

Since its launch in 2006, Roblox has grown to become a massive global success. It has 144.5 million daily active users with over 35 billion engagement hours, its website states.

According to its most recent shareholder letter for Quarter 4, revenue grew 36% year-over-year to $4.9 billion and generated $1.8. billion in operating cash flow in fiscal 2025.

This was due to the addition of about 60 million daily active users from Quarter 4 of 2024 to Quarter 4 of 2025, the letter says.

Over the years, the gaming platform has been at the center of several lawsuits, including one filed last year where a California woman alleged that her teenage son was groomed and coerced to send explicit images on Roblox and Discord. The suit was filed after the boy took his own life in April 2024.

Attorneys for the mother said the boy was targeted by “an adult sex predator” who posed as a child on Roblox. The lawsuit alleged that the conversation between the boy and the man escalated to include “sexual topics and explicit exchanges.” The man eventually encouraged the boy to move the conversation to Discord, demanded that the boy share explicit videos and images, and then threatened to post them, the lawsuit alleged.

Both companies said at the time that it does not comment on legal matters. The case is still pending.

Louisiana Attorney General Liz Murrill also sued the platform last year, alleging that it was “the perfect place for pedophiles” due to its failure to implement strong safety protocols. Roblox denied her claims and said it was committed to working with the prosecutor’s office to keep children safe.

This post appeared first on NBC NEWS

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United Airlines says it will boot passengers who refuse to use headphones on planes

Listen up, flyers: United Airlines said it will start removing passengers from flights who refuse to wear headphones while listening to content on their personal devices, and such behavior could lead to a permanent ban.

The airline revised its contract of carriage on Feb. 27 to include the new provision, which sits under the ‘refusal of transport’ section that outlines the instances in which United can boot its passengers from flights.

According to the document, United reserves the right to refuse transport — on a permanent basis — to any passenger who listens to their entertainment on speaker.

It also states that any passenger who causes United ‘any loss, damage or expense of any kind,’ may be responsible for reimbursing the airline.

‘We’ve always encouraged customers to use headphones when listening to audio content — and our Wi-Fi rules already remind customers to use headphones,’ United said in a statement. ‘With the expansion of Starlink, it seemed like a good time to make that even clearer by adding it to the contract of carriage.’

Passengers who forgot their headphones at home can request a free pair on their flight, if they’re available, according to United’s in-flight entertainment information.

The move inspired a strong reaction online.

‘One would think this is common sense and airlines would have in their rules,’ said one Reddit user. ‘Now let’s have the same rule for airline lounges.’

Others complained that this has become increasingly common on flights, especially among those with small children.

‘As a flight attendant; we have to tell people literally every flight,’ another person said on Reddit. ‘It makes our jobs harder when we’re stuck policing common courtesy instead of just focusing on service & safety.’

This post appeared first on NBC NEWS

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Cartier Cuts 7.1 g/t Au over 8.0 m at Portal ; New Shallow High-Grade Gold Zone Discovered

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce the ninth batch of results from the 100,000-m drilling program (2 drill rigs), for the Portal Sector, specifically from the North Simon Zone (″ NSZ ″) on the 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec).

Strategic Highlights from Portal Sector

Drill Hole Results (Figures 1 to 4)

  • CA26-314 intersected 7.1 g/t Au over 8.0 m including 38.8 g/t Au over 1.0 m (NS Zone).
  • CA26-325 graded 6.8 g/t Au over 2.2 m (NS Zone).
  • CA26-308 reported 3.3 g/t Au over 4.2 m (5C5 Zone).

Significance for Investors

  • Holes CA26-314 and 325 confirm the newly recognized NSZ high-grade gold zone near surface. The mineralization extends over 200 m in strike length and remains open in all directions, suggesting significant upside exploration potential.
  • Most importantly, NSZ is strategically located just 150 metres east of historical ramp. This logistical advantage should enhance the development flexibility and economics of Cadillac Project.

Next Steps

  • Further expansion drilling is planned to significantly refine the geological model, verify the mineralization continuity and determine the gold enrichment vectors.
  • Additional exploration drilling is required to test several new high-priority regional targets along strike of the Portal Sector and the Cadillac Fault Zone, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting.

‘ These results of Portal Sector are particularly exciting as they confirm the presence of a fourth gold sector with strong exploration potential. Benefiting from the existing road access and historical infrastructure, this new sector has the potential for resource growth while being strategically located with respect to the Main Sector. We believe it could significantly enhance the value of the project and provide additional flexibility as we continue to advance and expand the overall development opportunities.‘ – Ronan Deroff, Vice President Exploration of Cartier.

Table 1: Drill hole best assay results from Portal Sector

Hole Number From (m) To (m) Core Length** (m) Au (g/t) Uncut Vertical Depth (m) Zone
CA26-308 122.8 127.0 4.2 3.3 ≈80 5C5
CA26-314 127.0 135.0 8.0 7.1*

≈110

 NS
Including 127.0 128.0 1.0 18.1
Including 134.0 135.0 1.0 38.8*
CA26-325 29.0 31.2 2.2 6.8

≈25

 NS
Including 29.0 30.0 1.0 5.8
Including 30.0 31.2 1.2 7.6

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50-90% of the reported core length intervals.

Figure 1: Location of the new drill results (regional plan view)

Figure 2: Location of the new drill results (regional longitudinal section)

Figure 3: Plan view, cross and long sections of the Portal Sector

Figure 4: Photos of the drill core from hole CA26-314

Portal Sector

The Portal Sector is a highly prospective area featuring the new North Simon Zone with indicated resources of 9,600 ounces (0.2 million tonnes at 1.9 g/t Au) and inferred resources of 112,600 ounces (1.8 million tonnes at 2.0 g/t Au). The latter is the first ever resource estimate in this sector for which there has been only limited and relatively shallow testing. This sector hosts several newly defined high-priority drill targets.

This sector lies along an east-west trending, strongly sheared corridor (Cadillac Fault Zone) and occurs at the contact between the hanging wall turbiditic sedimentary rocks (wacke-mudrock), locally conglomerates and iron formations of Cadillac Group and the footwall mafic volcanics (basalt) of Piché Group. This lithological unit is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

The Portal Sector, defined by at least four parallel gold-rich zones, are typically and primarily associated with a fine-grained and disseminated arsenopyrite-pyrrhotite mineralization, with a pervasive biotite-chlorite-carbonate alteration, all crosscut by late-stage smoky and white quartz vein and veinlet stockworks containing visible gold. Locally, accessory minerals such as pyrite and tourmaline are observed.

Milestones of 2025-2027 Exploration Program

100,000 m Drilling Program (Q3 2025 to Q2 2027)

The ambitious 600-hole drilling program will both expand known gold zones and test new shallow surface high-potential targets. The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

Metallurgical Sampling and Testwork Program (Q4 2025 to Q1 2026)

The metallurgical testwork program includes defining of expected gold recovery rates and improving historical results from the Chimo deposit, as well as establishing metallurgical recovery data for the first-time for the East Chimo and West Nordeau satellite deposits, where no previous data exists. This comprehensive program will characterize the mineralized material, gold recovery potential and validate optimal grind size defining the most efficient and cost-effective flowsheet. The data generated will directly support optimized project development and have the potential to significantly reduce both capital and operating costs, while also improving the environmental footprint.

Preliminary Economic Assessment (2026)

Internal engineering studies have been initiated to validate a multitude of development scenarios that consider the updated MRE and current market environment. Following the selection of the most optimal scenario, a PEA will be completed which will also build upon the results of the metallurgical testwork program and the environmental baseline studies to unveil the updated development strategy and vision of the project.

Table 2: Drill hole collar coordinates from Portal Sector

Hole Number UTM Easting (m) UTM Northing (m) Elevation (m) Azimuth (°) Dip (°) Hole Length (m)
CA26-308 331360 5320154 340 184 -44 144
CA26-309 331360 5320154 340 191 -70 210
CA26-310 331360 5320154 340 231 -78 261
CA26-311 331278 5320204 338 213 -48 195
CA26-312 331278 5320204 338 210 -74 261
CA26-314 330937 5320470 335 207 -59 171
CA26-315 330937 5320470 335 160 -70 204
CA26-316 330937 5320470 335 184 -80 204
CA26-317 330951 5320425 335 219 -44 120
CA26-318 331011 5320439 335 213 -66 150
CA26-319 331011 5320439 335 207 -81 171
CA26-320 331037 5320425 335 188 -53 117
CA26-323 331010 5320365 335 165 -46 75
CA26-325 330946 5320385 335 204 -77 90

Table 3: Drill hole detailed assay results from Portal Sector

Hole Number From (m) To (m) Core Length* (m) Au (g/t) Uncut Vertical Depth (m) Zone
CA26-308 88.0 89.0 1.0 1.8 ≈60 –
And 122.8 127.0 4.2 3.3

≈80

 5C5
Including 122.8 123.8 1.0 4.6
Including 123.8 124.8 1.0 1.6
Including 124.8 125.8 1.0 2.9
Including 125.8 126.3 0.5 5.3
Including 126.3 127.0 0.7 2.7
CA26-309 164.9 166.0 1.1 1.3 ≈155 –
And 188.0 189.0 1.0 1.6 ≈175 5C5
CA26-310 242.3 243.0 0.7 4.0* ≈235 5C5
CA26-311 142.0 143.0 1.0 1.8 ≈105 –
And 166.0 167.0 1.0 3.5

≈125

 5C5
And 170.0 171.0 1.0 1.0
And 177.0 178.0 1.0 2.2
And 178.0 179.0 1.0 1.0
CA26-312 219.0 219.5 0.5 1.2 ≈210 –
And 249.0 250.0 1.0 1.1 ≈235

 5C5
And 251.0 252.0 1.0 1.4
And 252.0 253.0 1.0 3.1
CA26-314 33.0 34.0 1.0 1.1 ≈30

 –
And 34.0 35.0 1.0 1.8
And 78.0 79.0 1.0 1.0 ≈70

 –
And 81.3 82.0 0.7 2.3
And 91.5 92.0 0.5 2.1
And 127.0 135.0 8.0 7.1* ≈110

 NS
Including 127.0 128.0 1.0 18.1
Including 134.0 135.0 1.0 38.8*
CA26-315 44.5 45.5 1.0 1.2 ≈40 –
And 80.0 81.2 1.2 3.5 ≈75 –
CA26-316 194.0 195.0 1.0 1.2 ≈190

 NS
And 197.0 198.0 1.0 1.7
CA26-317 70.0 71.0 1.0 1.0 ≈45 –
And 101.0 102.0 1.0 1.5 ≈65 –
CA26-318 106.0 107.0 1.0 1.2 ≈95

 NS
And 107.0 108.0 1.0 1.5
CA26-319 76.0 77.0 1.0 1.2 ≈75 –
CA26-320 37.0 38.0 1.0 2.0 ≈25 –
CA26-323 40.5 41.5 1.0 1.0 ≈30 –
CA26-325 15.0 16.0 1.0 2.7 ≈15 –
And 29.0 31.2 2.2 6.8 ≈25

 NS
Including 29.0 30.0 1.0 5.8
Including 30.0 31.2 1.2 7.6

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50-90% of the reported core length intervals.

Quality Assurance and Quality Control (QA/QC) Program

The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier’s coreshack facilities located in Val-d’Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.

Drill core samples are sent to MSALABS’s analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.

Alternatively, samples are submitted to Activation Laboratories Ltd. (‘Actlabs’), located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.

Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″ Qualified Person ″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″ NI 43-101 ″).

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

The Cadillac property contains total gold resource of 767,800 ounces in the measured and indicated category (10.0 Mt at 2.4 g/t Au) and 2,416,900 ounces in the inferred category (35.2 Mt at 2.1 g/t Au) across all the sectors. Please see the ″ NI 43-101 Technical Report and Mineral Resource Estimate on the Cadillac Project, Val-d’Or, Abitibi, Quebec, Canada. Pierre-Luc Richard, P.Geo. of PLR Resources Inc., Stephen Coates, P.Eng. of Evomine Consulting Inc. and Florent Baril, P.Eng. of Bumigeme Inc. ″, effective January 27, 2026.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise and a track record of successful exploration to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:

Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

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.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/4a6070a5-433e-49db-b60d-22387d3a3983
https://www.globenewswire.com/NewsRoom/AttachmentNg/ac66c90e-4b27-42fa-ad98-5e596b72c8fe
https://www.globenewswire.com/NewsRoom/AttachmentNg/7db6da4e-0bcb-4ce2-8f3a-c58d2e5cf92c
https://www.globenewswire.com/NewsRoom/AttachmentNg/fa6a3b5f-0360-4d98-becb-946a9f200df1

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

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NevGold Mobilizes Drill To Test Historical Leach Pads To Advance The Near-Term Antimony Production Scenario at Limo Butte

Nevgold Corp. (‘NevGold’ or the ‘Company’) (TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that the permits have been received and a drill rig is mobilizing to its Limousine Butte Project (the ‘Project’, ‘Limo Butte’) in Nevada. The drilling will test the historical gold heap leach pads for antimony with the objective of advancing the leach pads to a near-term antimony production scenario. This is one of the only near-term, at-surface antimony production scenarios in the United States with a path to potential antimony metal production by 2027. 

NevGold CEO, Brandon Bonifacio, comments: ‘There are very few opportunities like the near-term antimony production potential from the historical gold leach pads at Limo Butte. There is a clear mandate in the United States to find near-term production from a number of Critical Minerals, and we have one of those opportunities which we are rapidly advancing. We are in an advantageous position as we have oxide antimony at surface amendable to leaching at a brownfield mine site in the State of Nevada, which is one of the top mining jurisdictions globally with a systematic permitting regime and strong community support. Our focus is to drill the leach pads to advance to a Mineral Resource Estimate by the beginning of Q2-2026, which will define the grade and quantities of contained antimony that we have on the pads. Once an MRE is delivered, we will be able to evaluate the various development scenarios to extract the antimony from the leach pads, with the objective of reaching antimony metal production by 2027. We have the opportunity to be one of the near-term solutions to the United States building a fully vertically integrated antimony supply chain‘

Key Highlights

  • Drilling will advance the leach pads to a Mineral Resource Estimate (‘MRE’) by the beginning of Q2-2026 building on the Phase 1 sampling completed (see News Release from January 6, 2026):
    • The MRE is a key step in defining the quantities of antimony that could be processed in the near-term from the historical gold leach pads
    • Drilling will be completed over the coming weeks
    • Certain areas of the leach pads had Phase I sampling results of 0.74% Sb to 0.81% Sb (See Figure 1)
      • 2025 testwork using acid leaching resulted in antimony recoveries of up to 92%
      • Acid Leaching is being reviewed as the preferred metallurgical process for antimony as there is no reliance on downstream processing at third-party smelters; the acid leaching scenario would produce antimony metal at site through a conventional leaching scenario, which has many similarities to Solvent Extraction-Electrowinning (SX/EW) used for oxide copper in the copper industry
      • Antimony recovery has minimal to no impact on gold recovery; the gold in the historical leach pads could also be recovered in the future after antimony processing is completed
    • Antimony is one of the highest priority Critical Minerals due to its strategic importance and military applications; Limo Butte is a brownfield mine site located in the State of Nevada with near-surface, high-grade antimony mineralization
      • Historical leach pads provide opportunity for near-term antimony production
      • A larger commercial gold-antimony opportunity could be advanced and developed in parallel to the historical leach pad opportunity, including drilling, metallurgical testwork, and the preparation of a Mineral Resource Estimate (‘MRE’) at Resurrection Ridge (including high-grade antimony Bullet Zone discovery made in 2025) and Cadillac Valley
      • A staged project development approach offers various potential development scenarios over the next 12-24 months which may achieve near-term production and cash flow
    • 30 holes completed in the current 2025-2026 drill program with 12 holes pending release 

    Limo Butte Planned 2026 Activities / Status Update
    NevGold will continue its active exploration program at Limo Butte including:

    • Evaluating the historical geological database with focus on gold and antimony (completed);
    • Advancing metallurgical testwork (ongoing);
    • Continuing to drill test gold-antimony targets (5,000 meters (30 drillholes) completed, a further 20,000 meters is planned in 2026 focused on the Bullet Zone and Armory Fault discoveries);
    • Advancing the Crushed and Run of Mine (‘ROM’) leach pads to near-term antimony production (Drilling March-2026, MRE beginning of Q2-2026, ongoing metallurgical testwork);
    • Completing initial gold-antimony Mineral Resource Estimate (MRE) (in progress).

    Figure 1 – Historical gold leach pads and summary of Phase 1 pit sampling antimony results released on January 6, 2026. The results show consistent antimony grade throughout both the Crushed and ROM pads. The historically mined leach pads have material at surface that was previously mined and crushed with strong antimony-gold potential. To view image please click here

    Figure 2 – Historical gold leach pads and summary of Phase 1 pit sampling gold results released on January 6, 2026. The results show consistent gold grade throughout both the Crushed and ROM pads. The historically mined leach pads have material at surface that was previously mined and crushed with strong antimony-gold potential. 
    To view image please click here

    Figure 3 – Resurrection Ridge target area with the historically mined Golden Butte pit gold leach pads. 
    To view image please click here

    US Executive Order – Announced March 20, 2025
    The Company is pleased to report the sweeping Executive Order to strengthen American mineral production and reduce U.S. reliance on foreign nations for its mineral supply. Antimony (Sb) has been identified as an important ‘Critical Mineral’ in the United States essential for national security, clean energy, and technology applications, yet limited domestic mine supply currently exists.

    The Executive Order invokes the use of the Defense Production Act as part of a broad United States (‘US’) Government effort to expand domestic minerals production on national security grounds. As it relates to project permitting, the Order states that it will ‘identify priority projects that can be immediately approved or for which permits can be immediately issued, and take all necessary or appropriate actions…to expedite and issue the relevant permits or approvals.’ Furthermore, the Order includes provisions to accelerate access to private and public capital for domestic projects, including the creation of a ‘dedicated mineral and mineral production fund for domestic investments’ under the Development Finance Corporation (‘DFC’).

    This decisive action by the US Government highlights the urgent need to expand domestic minerals output to support supply chain security in the United States. This important Order will help revitalize domestic mineral production by improving the permitting process and providing financial support to qualifying domestic projects.

    Importance of Antimony
    Antimony is considered a ‘Critical Mineral’ by the United States based on the U.S. Geological Survey’s 2022 list (U.S.G.S. (2022)). ‘Critical Minerals’ are metals and non-metals essential to the economy and national security. Antimony is utilized in all manners of military applications, including the manufacturing of armor piercing bullets, night vision goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and production, tritium production, flares, military clothing, and communication equipment. Other uses include technology (semi-conductors, circuit boards, electric switches, fluorescent lighting, high quality clear glass and lithium-ion batteries) and clean-energy storage.

    Globally, approximately 90% of the world’s current antimony supply is produced by China, Russia, and Tajikistan. Beginning on September 15, 2024, China, which is responsible for nearly half of all global mined antimony output and dominates global refinement and processing, announced that it will restrict antimony exports. In December-2024, China explicitly restricted antimony exports to the United States citing its dual military and civilian uses, which further exacerbated global supply chain concerns. (Lv, A. and Munroe, T. (2024)) The U.S. Department of Defense (‘DOD’) has designated antimony as a ‘Critical Mineral’ due to its importance in national security, and governments are now prioritizing domestic production to mitigate supply chain disruptions. Projects exploring antimony sources in North America play a key role in addressing these challenges.

    Perpetua Resources Corp. (‘Perpetua’, NASDAQ:PPTA, TSX:PPTA) has the most advanced domestic gold-antimony project in the United States. Perpetua’s project, known as Stibnite, is located in Idaho approximately 130 km northeast of NevGold’s Nutmeg Mountain and Zeus projects. Positive advancements at Stibnite including technical development and permitting has led to US$75 million in Department of Defense (‘DOD’) awards, over $1.8 billion in indicative financing from the Export Import Bank of the United States (‘US EXIM’) (see Perpetua Resources News Release from April 8, 2024) (Perpetua Resources. (2025)), and recent strategic investments of US$180 million from Agnico-Eagle Mines Limited (‘Agnico’) and US$75 million from JPMorganChase’s $1.5 trillion Security and Resiliency Initiative. (see Perpetua Resources News Release from October 27, 2025)

    Figure 4 – Limousine Butte Land Holdings and District Exploration Activity To view image please click here

    ON BEHALF OF THE BOARD

    ‘Signed’

    Brandon Bonifacio, President & CEO

    For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com.

    Sampling Methodology, Quality Control and Quality Assurance
    NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. Drill, surface, and pit samples are sent to ISO 17025 certified American Assay Labs in Reno, Nevada. A 30g gold fire assay and multi-elemental analysis ICP-OES method were completed.

    The pit sampling was conducted by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person (‘QP’) under National Instrument 43-101. Mr. French also and reviewed and approved the technical information contained in this news release

    About the Company
    NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.

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

    Cautionary Note Regarding Forward Looking Statements

    This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘suggest’, ‘indicate’ and other similar words or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements include, but are not limited to, the proposed work programs at Limousine Butte, the exploration potential at Limousine Butte, and the completion of future potential project milestones such as the potential Mineral Resource Estimate (‘MRE’) and reaching potential antimony production. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

    References

    Blackmon, D. (2021) Antimony: The Most Important Mineral You Never Heard Of. Article Prepared by Forbes.

    Kurtenbach, E. (2024) China Bans Exports to US of Gallium, Germanium, Antimony in response to Chip Sanctions. Article Prepared by AP News.

    Lv, A. and Munroe, T. (2024) China Bans Export of Critical Minerals to US as Trade Tensions Escalate.  Article Prepared by Reuters.

    Lv, A. and Jackson, L. (2025) China’s Curbs on Exports of Strategic Minerals. Article Prepared by Reuters.

    Perpetua Resources. (2025) Antimony Summary.  Articles and Videos Prepared by Perpetua Resources.

    Sangine, E. (2022) U.S. Geological Survey, Mineral Commodity Summaries, January 2023. Antimony Summary Report prepared by U.S.G.S

    U.S.G.S. (2022) U.S. Geological Survey Releases 2022 List of Critical Minerals. Reported Prepared by U.S.G.S

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    LaFleur Minerals Inc.Taking Key Steps to Advance Position in Prolific Gold Belt

    This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising. Disclosure: This does not represent material news, partnerships or investment advice.

    via MiningNewsWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by MiningNewsWire (‘MNW’), one of 75+ brands within the Dynamic Brand Portfolio@IBN (InvestorBrandNetwork), a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

    To view the full publication, ‘Record Gold Prices Reshape Opportunities for Emerging Producers,’ please visit: https://ibn.fm/yqQ5N

    Gold prices have surged to record and near-record levels in recent months as persistent inflation concerns, geopolitical uncertainty and strong central-bank demand continue to drive investor interest in the precious metal. Major financial institutions have raised their outlook for bullion, with some analysts forecasting significantly higher prices over the next few years as global debt levels rise and economic volatility persists. In this environment, gold developers and emerging producers are working to strengthen their asset bases and accelerate projects that can respond to strong market conditions.

    Among those is LaFleur Minerals Inc., which has taken several notable steps to advance its position within Québec’s prolific Abitibi Gold Belt. The company recently released a positive Preliminary Economic Assessment (‘PEA’) for its Swanson Gold Project sourcing mineralized material from its nearby gold mill, confirmed strong drilling results that reinforce the deposit’s growth potential and continued advancing refurbishment work at its fully permitted Beacon Gold Mill. Together, these developments reflect LaFleur’s strategy of combining exploration success with existing infrastructure as it works toward restarting gold production and strengthening its foothold in a rising gold market.

    About LaFleur Minerals Inc.

    LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The Company’s mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec and Jolin gold deposits and several other showings, which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully permitted and refurbished Beacon Gold Mill is capable of processing more than 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.

    Qualified Person Statement – All scientific and technical information contained in the LaFleur Minerals Market Awareness Profile (MAP) has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101.

    NOTE TO INVESTORS: The latest news and updates relating to LFLR are available in the company’s newsroom at http://ibn.fm/LFLRF  

    About MiningNewsWire

    MiningNewsWire (‘MNW’) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
    MNW is where breaking news, insightful content and actionable information converge.

    To receive SMS alerts from MiningNewsWire, text ‘BigHole’ to 888-902-4192 (U.S. Mobile Phones Only)
    For more information, please visit https://www.MiningNewsWire.com

    Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or republished: https://www.MiningNewsWire.com/Disclaimer

    MiningNewsWire
    Los Angeles, CA
    www.MiningNewsWire.com
    310.299.1717 Office
    Editor@MiningNewsWire.com

    MiningNewsWire is powered by IBN

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    Trump touts 5-0 sweep by endorsed candidates in Tuesday primary elections

    President Donald Trump took a bow Tuesday night for his 5-0 record for his endorsed candidates in the Republican elections held in Mississippi and Georgia.

    ‘March 10th election update: 5 wins, 0 losses,’ an election night image posted to Truth Social blared. ‘President Trump endorsements 100%.’

    The image hailed a 4-0 record in Mississippi (Sen. Cindy Hyde-Smith, R-Miss.; Reps. Mike Ezell, R-Miss.; Rep. Michael Guest, R-Miss.; Rep. Trent Kelly, R-Miss.) and 1-0 in Georgia, albeit with a bullet.

    ‘President Trump’s endorsed candidates keep winning because Republican voters trust his leadership and want America First champions in Congress,’ RNC spokeswoman Emma Hall told Fox News Digital in a statement. ‘From cutting taxes to securing the border, every Republican candidate in the country is proudly running on President Trump’s record and competing for his endorsement because it remains the single most decisive factor in GOP primaries.’

    In one of the marquee matchups, an all-party special election for an open House seat, Republican Clay Fuller earned an April 7 runoff against Democrat Shawn Harris for the seat vacated by former Rep. Marjorie Taylor Greene, R-Ga., in Georgia’s ‘solid red’ 14th Congressional District.

    ‘Clay Fuller is going to be a fantastic Congressman in representing the Great State of Georgia,’ Trump wrote Wednesday morning on Truth Social.

    ‘Now we have to be careful and finish it off. MAKE AMERICA GREAT AGAIN!!!’

    While Fuller did not earn the special election victory, and Harris won the most votes (37.3%) in a 17-candidate field that included nine Republicans, Harris only had to outdistance two Democrats. Fuller trailed Harris by only 3,000 votes at 34.9%. Republican Colton Moore finished third and out of the running at 11.6%, while no other candidate reached 5%.

    ‘I think the Republican Party is going to unite around us because they know that the Democrat is too dangerous,’ Fuller said Tuesday night. ‘We can’t have a Democrat representing Georgia 14. That would be a tragedy for our community, a tragedy for Georgia 14 and a tragedy for the MAGA movement.’

    The total number of votes cast across all candidates in this election result thus far is 115,823, and Republicans outdistanced Democrat votes by nearly 20 points. GOP candidates garnered a total of 59.7%, while Democrats had 39.8% and independents had less than 1%.

    ‘Congratulations to Clay Fuller, of Georgia’s 14th Congressional District, on getting such a high percentage of the vote with 12 Republicans running,’ Trump wrote Tuesday night on Truth Social. ‘We want to make the next vote ‘TOO BIG TO RIG.’ Clay will be a GREAT Congressman — HE WILL NEVER LET YOU DOWN!’

    Fuller was a White House fellow in the first Trump administration and is a lieutenant colonel in the Georgia Air National Guard. He finished fourth in the 2020 Republican primary that Greene won. He credited Trump’s nod for propelling him to the runoff.

    ‘They want to know who President Trump was endorsing in this race,’ Fuller said. ‘And that’s why they came out in droves to support him, because they want an America First fighter on Capitol Hill fighting for his policies that are going to make a difference for our community.’

    Harris said he is not worried about further Trump intervention.

    ‘If Donald Trump wants to come and do what he wants to do, that’s his business,’ he said.

    The House GOP majority is a narrow 218-214 right now, making the Fuller-Harris April 7 runoff an important one for upcoming 2026 votes. There are two other vacancies awaiting special elections this year, including blue-state seats formerly held by New Jersey Democrat Gov. Mikie Sherrill, who resigned from the House in November, and the late Rep. Doug LaMalfa, R-Calif., who died Jan. 6.

    Illinois is next up on the GOP primary schedule on Tuesday, March 17, when three Trump-endorsed candidates are incumbents: Reps. Mike Bost, R-Ill., Mary Miller, R-Ill., and Darin LaHood, R-Ill.

    The next big GOP primary challenge forged by Trump is frequent MAGA foil Rep. Thomas Massie, R-Ky., on May 19. Trump-backed Ed Gallrein is vying for that seat.

    ‘I predict that ‘Representative’ Thomas Massie will go down as the WORST Republican Congressman in the long and fabled history of the United States Congress, even worse than Crazy Liz Chaney, Cryin’ Adam Kinzinger, and Marjorie ‘Traitor’ Brown (Remember, Green turns to Brown under stress!),’ Trump wrote Wednesday morning on Truth Social.

    ‘They are all misfits and losers, but Massie, who is running against a great American Patriot in the Kentucky Primary, will hopefully lose BIG. I LOVE KENTUCKY!!!’

    The Associated Press contributed to this report.

    This post appeared first on FOX NEWS

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    House GOP urges Trump to choke off Iran ally’s oil profits as Middle East turmoil spikes US gas prices

    A group of House Republicans is urging the Trump administration to choke off Russia’s profits from one of its largest energy companies as global oil prices spike.

    It comes as the U.S. and Israel’s conflict with Iran, one of Russia’s closest allies and another major energy producer, is threatening to spiral the market out of control both overseas and here at home.

    Rep. August Pfluger, R-Texas, who chairs the Republican Study Committee, is leading five fellow GOP lawmakers in a letter to Treasury Secretary Scott Bessent regarding Lukoil — which accounts for roughly 2% of the world’s oil output.

    Western sanctions have forced Lukoil to announce it would sell certain international assets as countries like the U.S. and U.K. attempt to whittle down Russia’s control over global energy.

    ‘The U.S. government has a significant role — in fact, a responsibility — in determining the ultimate fate of these oil and gas assets. We encourage you to exercise the utmost caution to ensure we do not inadvertently squander this opportunity and relinquish our leverage to U.S. adversaries,’ the Republicans wrote.

    They warned against a situation where ‘transaction loopholes or back-room deals with Lukoil’s senior management’ could allow Lukoil assets to ‘slip back into Russia’s hands as tensions subside or U.S. sanctions are lifted.’

    The six Republicans on the letter, all from Texas, are also lobbying the administration to ease a pathway for Lone Star State companies to acquire those assets.

    ‘President Trump has created a once-in-a-generation opportunity not only to defund Russia’s war machine but also for leading American energy companies — including at least two headquartered in the great State of Texas — to acquire the LIG portfolio, permanently removing globally significant oil and gas assets from Russian control, enhancing energy security, affordability, and reliability, and strengthening President Trump’s America First agenda,’ they argued.

    ‘[W]e encourage the Department of the Treasury — in concert with the White House and Departments of Energy, State, and War — to scrutinize every detail of the various proposals to ensure that any sale of LIG’s assets ‘completely severs’ ties with the Russian parent company, paving the way for American energy companies to meet this moment with the urgency and precision it so deserves.’

    The push comes at a particularly consequential time on the world stage as Iran continues to retaliate against U.S. allies in the Middle East.

    Earlier this month, the U.S. and Israel began a joint operation launching strikes against Iran that targeted its military and nuclear assets as well as top leadership ranks.

    Russia, which has been wreaking havoc on European energy markets with its invasion of Ukraine since February 2022, has reportedly been aiding Iran against the U.S. operation.

    The Washington Post reported that Moscow was providing intelligence to Tehran to help it target U.S. forces in the region. It’s a particularly significant development in the wake of eight U.S. service members’ deaths since the conflict began.

    Pfluger cited the conflict in the new letter, but did not mention Russia’s alleged role in aiding Iran.

    ‘American energy dominance is critical to our national security, and as the events of the last several days in Iran and the broader Middle East region have highlighted, our ability to promote peace through strength is enabled by our role in facilitating the stable and secure supply of energy to world markets,’ the letter said.

    ‘In this increasingly complex geopolitical era, we believe America’s energy companies, and not those of our adversaries, should continue leading the way.’

    Meanwhile, AAA reported that the average national gas price in the U.S. rose by 27 cents to $3.25 as of March 5 since the Iran conflict began.

    As of March 11, AAA’s calculations put the national gas price average at nearly $3.58.

    This post appeared first on FOX NEWS

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    US destroys 16 Iranian mine boats as Strait of Hormuz oil showdown escalates

    U.S. forces destroyed 16 Iranian mine-laying vessels near the Strait of Hormuz Tuesday, U.S. Central Command said, in what officials described as a move to prevent Iran from disrupting one of the world’s most critical maritime choke points.

    The strikes come as oil traffic through the strait remains at a near standstill, threatening a corridor that carries roughly 20 million barrels per day — about one-fifth of global consumption — and squeezing Gulf exporters like Iraq and Kuwait that rely on the narrow passage to ship their primary source of revenue.

    Prior to taking out the mining vessels, Trump demanded Iran remove them ‘IMMEDIATELY!’ warning that if it doesn’t, ‘the Military consequences to Iran will be at a level never seen before.’

    U.S. officials have long warned that Iran maintains a significant naval mine inventory and has rehearsed tactics designed to threaten commercial shipping in the Gulf. The destruction of the vessels appears aimed at stopping any potential deployment before mines could be laid in shipping lanes.

    The Strait of Hormuz, bordered by Iran to the north and Oman and the United Arab Emirates to the south, is a critical artery for global energy markets. Even the threat of mining operations can further disrupt traffic and spike insurance and shipping costs.

    It was not immediately clear whether any mines had already been placed in the water before the U.S. action. Citing intelligence sources, CNN reported Iran had laid a few dozen mines in the strait in recent days and had the capability to place hundreds more. 

    Since Friday, seven vessels, including four tankers and three bulk carriers, have passed through the strait, according to data from trade intelligence platform Kpler.

    The U.S. Navy has been weighing escorts for commercial ships through the strait. 

    ‘We’re looking at a range of options there and will figure out how to solve problems as they come to us,’ Joint Chiefs Chairman Gen. Dan Caine told Fox News Tuesday. 

    The world is watching to see whether the Navy will step in to try to free up shipping. Immediately after an inaccurate and since-deleted post from Energy Secretary Chris Wright claiming the Navy had escorted a tanker, oil prices fell nearly 12%.

    European allies are moving in as well: France sent two frigates to join a European Union-led escort mission for ships through the strait, though their arrival timeline is unclear.

    While U.S. Secretary of War Pete Hegseth has claimed the U.S. and Israel have ‘total air dominance’ over Iran’s skies, that doesn’t mean the threat from missiles and drones is entirely eliminated yet. 

    The Navy won’t escort tankers until Iran’s missile and drone threat is eliminated, retired Gen. Jack Keane told FOX Business. 

    ‘Makes no sense in terms of the risk when we’re going to finish them off entirely in a few weeks,’ he said.  

    Recognizing the squeeze on prices around the globe, Trump announced Monday the U.S. would remove oil-related sanctions. 

    ‘We are also waiving certain oil-related sanctions to reduce prices,’ he said during a press conference. ‘So in some countries, we’re going to take those sanctions off until this straightens out. Then, who knows, maybe we won’t have to put them on.’

    The United States currently maintains sanctions affecting oil Iran, Venezuela, Russia, Syria and North Korea. 

    White House press secretary Karoline Leavitt declined to detail what that relief would look like. A 30-day waiver was already recently issued for Russian oil stranded at sea to reach India.

    A naval mine costing only a few thousand dollars can cripple or even sink a $2 billion U.S. destroyer. 

    The danger is not theoretical: In 1988, USS Samuel B. Roberts nearly sank after striking an Iranian mine in the Persian Gulf. 

    Mine-laying operations are often conducted covertly at night using small vessels such as fishing dhows or fast-attack craft, allowing mines to be deployed with little warning and potentially devastating consequences.

    This post appeared first on FOX NEWS

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    Crypto Market Update: Iran War Drives Oil Derivatives Boom On Crypto Exchange

    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

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    AI Robotics Startup Rhoda Hits US$1.7 Billion Valuation after Successful Funding Round

    Palo Alto-based startup Rhoda AI announced that it has raised US$450 million in a Series A funding round, valuing the company at about US$1.7 billion.

    The company plans to use the capital to expand development and deployment of artificial intelligence systems designed to train robots using internet-scale video data.

    The round was led by Premji Invest and included investors such as Khosla Ventures, Temasek Holdings, and venture capitalist John Doerr.

    Rhoda emerged from 18 months in stealth while unveiling its robotics platform, designed to enable machines to operate more effectively in complex and unpredictable industrial environments.

    Chief executive Jagdeep Singh said the method helps robots adapt to unfamiliar conditions that might otherwise disrupt traditional models.

    “We believe the next era of robotics requires models that understand how the world moves — not just what it looks like or how it’s described in language,” Singh said in a recent press release. The goal is simple: robots that work in the real world, not just controlled lab settings.”

    The company calls its system a Direct Video Action model, which continuously observes its surroundings, predicts how the environment may change, and translates those predictions into robotic actions in real time.

    According to Rhoda, the system updates its decisions every few hundred milliseconds in a closed feedback loop, allowing robots to adjust as conditions evolve.

    “We believe the next era of robotics requires models that understand how the world moves — not just what it looks like or how it’s described in language,” Singh said. “By learning from internet-scale video and operating in closed loop, our systems are designed to adapt to real-world variability in ways conventional approaches struggle to achieve.”

    Traditional robotics AI models are typically trained using teleoperation data, where human operators remotely control robot movements to generate training examples.

    While effective in controlled settings, this method can limit how much data is available for robots to learn from. Rhoda’s approach instead uses millions of publicly available internet videos to teach robots about physical movement, object interactions and real-world dynamics.

    The company then combines this large-scale video training with smaller amounts of robotic data to refine how machines execute tasks.

    The company said its technology has already been tested in industrial settings using off-the-shelf robotic hardware inside an automotive manufacturing facility.

    Rhoda plans to license its software platform to industrial customers and is also developing its own robotics hardware, including humanoid robots, to ensure the technology can operate effectively in production environments.

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

    This post appeared first on investingnews.com

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