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V ANCOUVER, BC T heNewswire May 7, 2025 Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) (‘Element79’, or the ‘Company’) provides the following updates on multiple corporate initiatives underway:

Update on Sale of Nevada Assets to 1472886 BC Ltd.

As first outlined in the Company’s news release on September 9, 2024, and updated on October 10, 2024, the Company has made multiple attempts to push this transaction towards completion, with the counterparty being unable to meet terms required to complete a successful closing.  As the original timelines of the LOI have expired, the Company holds that the contract with 1472886 BC Ltd. is null and void and has restarted conversations with alternate parties that have expressed interest in the purchase of the Stargo, Elder Creek and North Mill Creek projects.

Update on Financing: Crescita Capital Note Draw

In the month of April 2025, Crescita issued CAD $100,000 of capital to the Company, for use in advancing community efforts for the Lucero project, investor relations activities and general corporate purposes.  Similar to the first draw from the new 2025 Crescita Draw Down Facility as announced on February 28, 2025, the convertible note drawn will carry a simple interest rate of 15% per annum until repaid or converted into shares of the Company.

The general use of funds for any financing efforts that the company engages in in the immediate term, including the strategic sale of corporate assets, will be sequentially to pay mineral leases for its projects in Peru and Nevada; complete its OTCQB uplisting; general corporate operating expenses and address key accounts payable.

Update on Chachas community progress, strategic review of Lucero

Representatives of Element79 Gold Corp and its community relations team, GAE Peru, attended a series of meetings in both Chachas, Arequipa and Lima between the April 21 st and May 3rd, yielding the following report on continued progress towards forging long-term surface rights access and therefore access to its past-producing Lucero mine for exploration and mineral exploitation activities.  A summary of GAE’s report for April 2024 is provided below.

Ongoing Challenges with Informal Mining (REINFO)

The report highlights the presence of 102 active informal miners registered under the REINFO framework are operating in the general Chachas region, with an estimated 350 more operating around Chachas without formal status. Many of these actors are reported to have been extracting ore illegally for around, if not over, a decade. While the federal REINFO was established as a route to Formalization, it has often been used in practice to legitimize illegal mining operations. The main local artisanal mining association, Asociación Lomas Doradas, comprising 65 such miners, has shown limited interest in engaging with Element79 Gold Corp, although a small group within their Tonalita concession may pursue Formalization.

In addition to the above, there is a separate contingent of REINFO miners willing to enter into an exploitation agreement with Element79 Gold Corp. Discussions are ongoing, with a key meeting roughly scheduled during the first half of May 2025. The situation remains complex, as community members and REINFOs have taken measures such as blocking access routes with guarded checkpoints and reportedly seek to establish their own mineral processing plant on communal land.

Strengthening Community Relations

Since September 2024, GAE Peru has actively engaged with residents across six annexes of Chachas through meetings and two large-scale general assemblies. For its consistent presence and attendance at community meetings, Element79 Gold is increasingly recognized in the region, maintaining open lines of communication via its local Social Management Office. Support from the current communal leadership, particularly President Melitón, has been instrumental in fostering constructive dialogue. A critical extraneous assembly to discuss long-term agreements is scheduled for July 2025.

Focus on Value Creation and Negotiation

The Company remains committed to a comprehensive value-generation plan that includes exploration, exploitation, and operation of a mineral processing facility. Local communities have expressed high expectations for future economic benefits, particularly in the form of irrigation and agricultural development support, as outlined by the Chachas Irrigation Commission and local farmers from Chachas and Nahuira.

Path Forward Through Dialogue

During the most recent communal assembly in April and subsequent smaller assembly and group meetings, stakeholders within the Chachas region have continued dialogue with Element79 Gold Corp, bypassing the uncooperative leadership of the Lomas Doradas Association. A formal dialogue session with the communal board (JJDD) and local administrative leaders (JAL) is scheduled for May 15, 2025.

Government Oversight and Legal Pathways

The GREM (Regional Mining Office) of Arequipa has acknowledged the limited timeframe for formalizing current REINFO miners in Chachas. Beginning in June 2025, GAE Peru, on behalf of Element79 Gold Corp, will request GREM’s oversight to enforce legal regulations under the new Small-Scale and Artisanal Mining Law (MAPE), enabling coordinated action against ongoing illegal mining.

Commitment to Responsible Development

Element79 Gold reaffirms its commitment to responsible mining and community development, emphasizing the importance of dialogue and mutual respect as it advances the Lucero Project toward future production.

James Tworek, Element79 Gold Corp CEO and Director stated: ‘The potential of Lucero remains a key motivation and driving force behind the Company’s decision making, and we remain cautiously optimistic that the upcoming June 30 deadline for Formalization between REINFOs and mineral right holders will continue to bring us closer to the goal of forging long term contracts with the local miners and greater Chachas community.  While we progress in community relations month by month, we’re living the reality that relationship building and trust creation are exercises in communication, persistence, patience and mutual understanding.

In the interim, recent team due diligence trips to review additional assets in Peru and Nevada, along with strategy sessions with advisors and key investors in the Company have opened our eyes to a number of possible alternate growth strategies.  We look forward to reporting on these initiatives in the coming months.’

For further details on this announcement and the Company’s projects, please visit www.element79.gold

About Element79 Gold Corp.

Element79 Gold Corp. is a mining company focused on exploring and developing its past-producing, high-grade gold and silver project, Lucero, located in Chachas, Arequipa, Peru. The Company is committed to advancing responsible mining practices and maintaining strong relationships with local communities to support sustainable development.

The Company also holds several exploration projects along Nevada’s Battle Mountain trend, a region renowned for prolific gold production, and these assets are under contract for sale in the first half of 2025.  Additionally, Element79 has transferred its Dale Property in Ontario to its subsidiary, Synergy Metals Corp., as part of a Plan of Arrangement spin-out process.

Contact Information

For corporate matters, please contact:

James C. Tworek, Chief Executive Officer

E-mail: jt@element79.gold

For investor relations inquiries, please contact:

Investor Relations Department

Phone: +1.403.850.8050

E-mail: investors@element79.gold

Cautionary Note Regarding Forward Looking Statements

This press contains ‘forward‐looking information’ and ‘forward-looking statements’ under applicable securities laws (collectively, ‘forward‐looking statements’). These statements relate to future events or the Company’s future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made considering management’s experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: the timing and completion of the arrangement and the timing and completion of the amalgamation. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, forward-looking statements cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward‐looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘forecast’, ‘potential’, ‘target’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’ and similar expressions) are not statements of historical fact and may be ‘forward‐looking statements’.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Wednesday (May 7) as of 9:00 a.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$97,046.21 as markets opened up 3.3 percent in 24 hours. The day’s range has seen a low of US$93,592.03 and a high of US$97,511.91.

Bitcoin performance, May 7, 2025.

Chart via TradingView

This upward movement is largely attributed to investor anticipation surrounding the Federal Reserve’s upcoming interest rate decision. Analysts suggest that expectations of dovish signals from the Fed are fueling bullish sentiment in the crypto market
Ethereum (ETH) stated the day at US$1,840.64, a 3.3 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,757.78 and saw a daily high of US$1,845.61.

Altcoin price update

  • Solana (SOL) reached its peak at the end of the day, hitting a value of US$147.73, up 3.1 percent over 24 hours. SOL experienced a low of US$141.90.
  • XRP is trading at US$2.15, reflecting a 1.7 percent increase over 24 hours and its highest point of the day. The cryptocurrency recorded an intraday low of US$2.09.
  • Sui (SUI) is priced at US$3.42, showing an increaseof 4.5 percent over the past 24 hours. It achieved a daily low of US$3.14 and a high of US$3.43.
  • Cardano (ADA) is trading at US$0.6752, up 3.6 percent over the past 24 hours. Its lowest price of the day was US$0.6448, and it reached a high of US$0.6875.

Today’s crypto news to know

New Hampshire becomes first state to launch crypto reserve

New Hampshire has officially become the first US state to greenlight a cryptocurrency reserve after Governor Kelly Ayotte signed House Bill 302 into law.

The measure authorizes the state treasurer to invest up to 5 percent of public funds in digital assets with a market cap above US$500 billion—effectively limiting the scope to Bitcoin for now.

The assets, along with precious metals, will be held either via a secure custodian or an exchange-traded product. The law goes into effect in 60 days and marks a significant milestone in state-level crypto adoption.

Unlike the federal government’s stagnant plans for a bitcoin reserve, New Hampshire is moving ahead with direct investment. Advocates hope the move will inspire similar initiatives in other states and potentially drive further institutional interest in Bitcoin.

Trump’s crypto projects spark legislative gridlock on Capitol Hill

President Donald Trump’s growing involvement in the crypto sector is intensifying partisan divisions in Congress and jeopardizing progress on digital asset legislation.

A hearing that was set to lay groundwork for crypto market regulation was abruptly cancelled after Rep. Maxine Waters voiced strong objections, citing Trump’s self-promotional crypto ventures as a conflict of interest.

Trump’s $TRUMP meme coin and his partial ownership of World Liberty Financial have drawn criticism from ethics experts and lawmakers alike. Democrats argue that advancing regulation while the former president promotes personal crypto investments creates a perception of impropriety.

Meanwhile, the administration defends the projects, stating Trump’s assets are held in a trust and pose no conflict. Nonetheless, legislative momentum on crypto has clearly slowed, with bipartisan collaboration now under strain.

BlackRock’s Bitcoin ETF outpaces gold funds in 2025 Inflows

Despite gold outperforming bitcoin in price appreciation this year, BlackRock’s spot Bitcoin ETF (IBIT) has outshined traditional gold funds in net inflows.

Since January, IBIT has drawn nearly US$7 billion, surpassing the SPDR Gold Trust, which brought in US$6.5 billion over the same period.

The ETF’s success comes even as Bitcoin prices have lagged behind gold’s recent surge, reflecting institutional faith in digital assets’ long-term value.

Analysts say this trend underscores a shift in investor behavior, with many viewing Bitcoin as a digital complement—or even replacement—for gold.

Analysts now believe bitcoin ETFs could triple gold’s assets under management within the next five years.

Crypto gains traction in New Jersey democratic primary

Democratic gubernatorial hopefuls in New Jersey are leaning into crypto policy as a key plank of their campaigns, signaling a broader political shift.

A Bloomberg exclusive reports that leading candidates like Rep. Mikie Sherrill and Jersey City Mayor Steve Fulop have publicly endorsed integrating digital assets into state governance.

Fulop even proposes allocating part of the state’s pension fund to Bitcoin ETFs, a move he previously advanced at the city level. Rep. Josh Gottheimer, another contender, has framed crypto as a driver of economic growth and has backed federal legislation aimed at regulating the industry.

With Donald Trump having successfully capitalized on crypto enthusiasm in his reelection campaign, Democrats are recalibrating their stance to stay competitive.

The growing acceptance of digital assets among candidates suggests crypto will remain a prominent topic in the 2025 election cycle.

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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Blue Lagoon Resources Inc. (CSE: BLLG) (FSE: 7BL) (OTCQB: BLAGF) (the ‘Company’) is pleased to announce that President & CEO Rana Vig will be attending and presenting at the upcoming 121 Mining Investment Conference in London, May 12-13, 2025.

As Blue Lagoon advances toward production at its fully permitted high-grade Dome Mountain Gold Project – featuring an average grade of 9 grams per tonne (g/t) gold and one of only nine mining permits granted in British Columbia since 2015 – the Company continues to engage with institutional and retail investors globally. Mr. Vig will be meeting with leading resource investors to discuss the Company’s near-term production plans, expected cash flow growth, and the significant exploration upside across Dome Mountain’s highly prospective 22,000-hectare land package.

‘With gold prices strengthening and our project now fully funded for production starting this summer, it’s an ideal time to bring Dome Mountain to the attention of a broader investor audience,’ said Rana Vig, President & CEO of Blue Lagoon Resources. ‘We’re one of the few junior companies positioned to generate meaningful cash flow while offering exceptional exploration potential,’ he added.

The Company will be holding a series of one-on-one meetings at the conference with institutional funds, family offices, and high-net-worth investors as it seeks to further diversify and expand its shareholder base.

About Blue Lagoon Resources Inc.

Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG) (FSE: 7BL) (OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 – one of only nine such permits issued in British Columbia since 2015 – Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production. The Company’s primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.

The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.

For further information, please contact:

Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the ‘Company’) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘targets’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’, ‘mine’, ‘production’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s, contractor’s and consultants’ beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251110

News Provided by Newsfile via QuoteMedia

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Gold Price Surge Hits $3,385 Amid Trade Tensions

The gold price surge continued on April 21, 2025, as gold hit a record high of $3,385 per ounce. This milestone came amid a weakening U.S. dollar and renewed global trade tensions. Investors are increasingly turning to gold as a safe-haven asset, signaling market uncertainty and shifting investment strategies.

Gold Price Increase Driven by Dollar Weakness

The U.S. dollar index fell sharply, hitting its lowest level since January 2024. A weaker dollar typically boosts gold prices, as it makes the metal more attractive to international buyers. This contributed significantly to the ongoing gold price surge seen in recent weeks.

In addition, economic data indicating slower growth in key global markets has prompted investors to reduce their exposure to riskier assets. Gold’s long-standing reputation as a hedge against economic uncertainty has once again proven true.

Trade Tensions Fuel Demand for Safe-Haven Assets

Ongoing trade friction between major economies—particularly the U.S. and China—has triggered market anxiety. Announcements related to new tariffs and supply chain risks are further motivating the shift from equities to gold. This environment is ideal for a gold price surge to gain momentum.

Analysts Predict Continued Gold Price Growth

Market analysts suggest that the upward trend is far from over. If inflation persists and interest rates remain steady or fall, the gold price could climb even higher. Some predict that the next psychological barrier of $3,500 per ounce may soon be tested.

As the global economic landscape continues to evolve, gold is expected to remain a central pillar in investor portfolios. Whether as a hedge against inflation or a response to geopolitical unrest, the gold price surge is being closely monitored by financial experts.

Source: Yahoo Finance

Related: Market Insights | Commodity News

The post Gold Price Surge Hits $3,385 Amid Trade Tensions appeared first on FinanceBrokerage.

BNB Price Surge Leads Crypto Gains as Bitcoin Climbs

The BNB price surge on April 21, 2025, stole the spotlight as Binance Coin jumped over 3.2% to cross the $600 mark. This move came as Bitcoin soared past $87,000, reigniting investor interest in altcoins. The bullish wave didn’t stop with BNB—SOL and XRP also made strong moves, reflecting a positive trend across the cryptocurrency market.

BNB Price Surge Driven by Token Burn and Momentum

Fueling the BNB price surge was Binance’s recent $1 billion token burn, which reduced the circulating supply. Additionally, increased trading volumes and renewed faith in Binance’s ecosystem helped BNB regain upward momentum. Investors are optimistic that Binance’s expansion and focus on compliance could drive long-term growth.

SOL Rally and XRP Breakout Add to Market Optimism

Solana (SOL) saw a 10.2% rally, breaking above the $135 resistance level with strong volume and technical confirmation. XRP, on the other hand, climbed past $2.10, setting the stage for a potential breakout above $2.15. These moves indicate bullish setups that are gaining attention from both traders and long-term holders.

Bitcoin Reinforces Its Role as Digital Gold

Bitcoin’s rise above $87,000 reflects renewed demand for a digital safe-haven. With increasing global economic uncertainty and inflation concerns, many investors view Bitcoin as “digital gold.” This sentiment is spilling over into altcoins, triggering the current crypto rally.

Conclusion and Market Outlook

The BNB price surge highlights growing investor confidence in altcoins. Alongside Bitcoin’s strength, tokens like SOL and XRP are enjoying increased attention. If this trend continues, more gains could be ahead for altcoin markets. Investors should monitor resistance levels and trading volumes closely for signs of sustained momentum.

Source: Yahoo Finance

Related: Crypto Updates | Market Trends

The post BNB Price Surge Leads Crypto Gains as Bitcoin Climbs appeared first on FinanceBrokerage.

German conservative leader Friedrich Merz failed to garner the parliamentary majority needed to become chancellor on Tuesday in a first round of voting in an unexpected setback for his new coalition with the center-left Social Democrats.

Merz, 69, who led his CDU/CSU conservatives to win a federal election in February and since secured a coalition deal with the center-left Social Democrats (SPD), won just 310 votes in the lower house of parliament, Bundestag President Julia Kloeckner said. He needed 316 to secure a majority.

Kloeckner said she was interrupting the parliamentary session so that the parliamentary groups could consult on how to proceed.

The lower house of parliament, or Bundestag, now has 14 days to elect Merz or another candidate chancellor with an outright majority – and could attempt another vote already on Tuesday.

Merz’s conservatives won national elections in February with 28.5% of the vote but need at least one partner to form a majority government.

On Monday they signed a coalition deal with the center-left Social Democrats, who won just 16.4%, their worst result in German post-war history.

This is a developing story and will be updated.

This post appeared first on cnn.com

Throughout his second term, US President Donald Trump has trained his focus on a sprawling but sparsely populated island that stretches into the Arctic circle.

The United States needs that island – Greenland, a territory of US ally Denmark – “very badly,” Trump said in an NBC interview that aired on Sunday, echoing comments he’s made repeatedly in recent months.

“Greenland is a very small amount of people, which we’ll take care of, and we’ll cherish them, and all of that. But we need that for international security,” he said, while adding, when asked, that he would not “rule out” taking the island by force.

Trump’s justification? There were Russian and Chinese boats, “gun ships all over the place — aircraft carriers, gun ships — going up and down the coast of Greenland,” he said Sunday. “We need that to be protected.”

Vice President JD Vance laid a similar assessment during a visit to the US’ singular military installation on the island, the Pituffik Space Base, in March.

The base, which lies some 750 miles north of the Arctic Circle, was not well protected from “aggressive incursions” from Russia and China, Vance told troops during an address at that time.

“Denmark has not kept pace in devoting the resources necessary to keep this base, to keep our troops, and, in my view, to keep the people of Greenland safe from a lot of very aggressive incursions from Russia, from China and from other nations,” Vance said – a claim Denmark disputes.

The Trump administration’s interest in Greenland appears to be part of what Washington sees as a broader competition for power in the Arctic, where Russia is a dominant force and China aspires to expand its footprint and capabilities.

But, when it comes to Greenland, experts are puzzled by the administration’s characterization.

Chinese firms, like others, have mounted efforts to develop expensive and geologically challenging mining projects on the resource-rich island. They’ve also bid on constructing airfields there – initiatives observers see as linked to Beijing’s broader aims to enhance its role in the Arctic and gain control of critical minerals.

But those projects have all fizzled, experts say, either due to business reasons or as governments in both Greenland’s capital Nuuk and US NATO partner Copenhagen rebuffed them, at times reportedly under pressure from Washington.

That’s left “almost no Chinese footprint in Greenland,” outside a limited presence in the fishing industry, according to Andreas Østhagen, a senior researcher at the Fridtjof Nansen Institute in Norway, who added: “There is no evidence of any ‘aggressive incursions’ by any actor in Greenland, at least not publicly available.”

And while experts say that there is Russian military activity across regional northern seas and China has scaled up naval activities off Alaska in recent years, in addition to its research and commercial operations in the broader Arctic, there’s been no publicly known signs of Chinese military vessels operating in the waters around Greenland.

Unless the administration provides more details, “I assume that Trump and his advisors are conflating various trends taking place in ‘the Arctic,’ but which in fact take place in specific (other) parts” in and around the Arctic, said Østhagen.

‘Why wouldn’t they be interested in Greenland?’

When a reporter asked JD Vance earlier this year if he had been briefed on specific threats from China and Russia on Greenland and if these were military in nature, Vance said he didn’t “want to get too specific.”

“But we know the Chinese are very, very interested in this island. We have seen some of the economic pressures they have tried to place on Greenland. We know that they are increasingly engaging in military training and military interests certainly. They have started to describe themselves as a ‘near Arctic power’ – part of that is justifying taking a firm interest in Greenland and some of the surrounding territories,” he said, in reference to the “near Arctic state” term that China has used for more than a decade.

“We have seen very strong evidence that both the Chinese and the Russians are interested in Greenland. Why wouldn’t they be interested in Greenland?” he added.

When asked to comment on Trump administration statements, Beijing has said “relations between countries should be handled in accordance with the purposes and principles of the UN.” It’s also defended its adherence to “basic principles of respect, cooperation, win-win result and sustainability in engaging in Arctic affairs.”

Close observers agree that China has looked to ramp up ties and investment in the island since the early 2000s – and has many reasons to be interested.

Greenland is rich in minerals important to the fabrication of military and high-tech goods, and, as Arctic ice melts, sea lanes alongside it are expected to become more important for global shipping.

The island and its adjacent waterways are also strategically important to the US – and its rivals. Washington’s military base plays a critical role detecting missile threats and conducting space surveillance.

Russia, a dominant military force in the Arctic with an expansive Arctic Ocean coastline, is seen by observers and US intelligence as interested in nearby naval routes, which form a key strategic chokepoint stretching from Greenland toward the United Kingdom.

When it comes to China, “I’ve yet to see any coast guard vessels, any naval vessels, let alone aircraft carriers” in waters near Greenland, said Collin Koh, a senior fellow at the S. Rajaratnam School of International Studies in Singapore, noting that Chinese aircraft carriers are “confined to the Pacific Ocean.”

Chinese researchers have written about the island’s potential importance for its own critical mineral supply chains – as well as its strategic significance as an entry point for China to influence Arctic affairs and actualize its “polar silk road” – a vision to extend leader Xi Jinping’s Belt and Road global infrastructure building drive across the top of the world.

Last year, Beijing dispatched its special representative on European Affairs to Greenland for talks on economic cooperation, while Nuuk in 2021 opened a representation office in Beijing – one of only five globally – and sent delegations to the Chinese capital in the past.

But efforts from Chinese firms to gain a physical foothold in Greenland or access its raw materials have been ill-fated.

Chinese companies did become involved in four major mining projects in Greenland, all initiated between 2009 and 2015, but those have either dissolved or stalled, according to experts and research from the Danish Institute for International Studies.

The most well-known of those projects, at a mine in coastal Kvanefjeld, would have allowed a Chinese-funded Australian venture to operate what the company described as a project with the potential to become “the most significant western world producer of critical rare earths.”

The project, however, was blocked in 2021 when the government restricted mining deposits with certain uranium concentrations, citing environmental concerns. The company has launched an arbitration case and expressed hope that a new government elected earlier this year could look more favorably on the project.

But currently, “China has no footprint at all in Greenland mining,” according to Marc Lanteigne, a professor at the University of Tromsø: The Arctic University of Norway, who described China’s footprint on Greenland is “almost negligible” besides “very limited cooperation in seafood trade.”

Lanteigne also noted how the Danish government, under pressure from the United States, stepped in to finance airport refurbishment projects after a Chinese firm was shortlisted as a potential contractor, with the firm withdrawing its bid.

The Danish government in 2016 also blocked a Hong Kong firm’s bid to purchase an abandoned naval facility. Plans in 2017 from the Chinese Academic of Sciences to build a research station also didn’t get government approval, according to researchers.

Denmark has been “quite diligent” in looking to ensure that Greenland’s economic sovereignty is not “transferred to any degree to China,” said Lanteigne. “There has been a great deal of Danish-American cooperation … to monitor Greenland to make sure that there are no overt security threats.”

Meanwhile, a 1951 agreement allows the US to establish American military bases on the island.

‘The real threat’?

That raises the question of why Washington says it needs to take control of Greenland – an expansionist rhetoric that has echoes of the president’s earlier calls to take control of the Panama Canal, over false claims that China “operates” the key waterway.

Greenland has appeared keen to work with US firms on mining projects and the US’ ability to operate its military on the island would be unlikely to change even if Greenland became independent in the future, observers say.

“The reality is that Greenland, as an autonomous territory in the Kingdom of Denmark, has managed its relations to the great powers on its own accord,” said Ties Dams, a research fellow at the Clingendael Institute think tank in the Netherlands.

“If Vance’s comments are indeed a prologue to a military incursion by the US, then the US is the real threat to Greenland’s cherished and longstanding autonomy,” he added.

In response to earlier comments from Trump, Greenland’s Prime Minister Jens-Frederik Nielsen firmly stated that the US “won’t get” Greenland as Trump has previously suggested.

Denmark’s Foreign Minister Lars Løkke Rasmussen has also said Denmark was “open to criticism” by the US but had already “stepped up” investment in Arctic security and remained open to enhanced cooperation with the United States.

The US, meanwhile, some two weeks after Vance’s visit, announced it had removed Pituffik Space Base commander Col. Susannah Meyers. Pentagon spokesperson Sean Parnell said that “actions to undermine the chain of command or to subvert President Trump’s agenda will not be tolerated at the Department of Defense,” in a post on X that linked to a Military.com article, an independent outlet, that said Meyers had sent an email to base staff distancing herself from Vance’s visit.

The Trump administration’s focus on Greenland – and China’s in recent years – come amid increasing focus on the Arctic as an arena for rivalry between the world’s great powers.

China announced its Arctic strategy in a 2018 white paper, where it declared itself “an active participant, builder and contributor in Arctic affairs.”

The document also laid out its aims to explore, conduct research and combat climate change in the Arctic – as well as its ambitions to develop shipping routes and become more involved in fishing and resource extraction, while building its polar silk road.

Today, China has built out its ice breaker fleet, operates research stations in Norway and Iceland, and has partnered with international scientists on a range of projects, in additional to some commercial activities in the non-Russian Arctic.

But growing suspicion in Europe about Beijing’s ambitions in the region – and what experts say is the likely dual military use of its scientific data and research missions – have led to similar instances of cancelled or rejected projects elsewhere in Europe.

“China is in a position now where pretty much its only entry ticket to the Arctic is through Russia,” said Lanteigne from the University of Tromsø.

China has been an important investor in Russian energy extraction and emerged as a dominant presence on increasingly viable shipping lanes along Russia’s Arctic coastline, though at least some of those operations have been affected by Chinese firms not wanting to run afoul of international sanctions on Russia for its war in Ukraine.

Meanwhile, there are other areas of the Arctic where Russia genuinely has been making “somewhat aggressive incursions,” according to Østhagen of the Fridtjof Nansen Institute. That’s particularly in “the European Arctic, where Norway and Finland must manage an increasingly belligerent Russian neighbor,” he said. “But there’s not more Russian activity off the coast of Greenland than elsewhere – in fact, there’s less.”

And China has “scaled up its naval – and eventually also airborne – activity off Alaska in recent years,” he added.

Last year, Russian and Chinese jets were spotted for the first time conducting a joint patrol near Alaska. Months later, Chinese and Russia coastguards also had a first joint patrol in Arctic waters, according to Chinese state media. The two countries have also conducted joint exercises in the Baltic Sea in Europe and the Bering Strait between Russia and Alaska in past years.

But observers say Russia is likely to remain wary of a Chinese security presence in its Arctic region, and Beijing is likely to continue to focus on looking for ways to engage economically, scientifically and diplomatically in the broader region.

That’s especially as Beijing expects the US to try “to push China off that area of the map,” according to Dams of the Clingendael Institute.

China “will resist absolutely, trusting the US strategy of clinging to supremacy will fail on its own accord, if only given time,” he said.

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Nearly 600 million people in sub-Saharan Africa live without access to electricity, creating huge barriers to development. Not only does it stifle industrial growth and agricultural efficiency, but it also has implications on health and education: students often have little lighting by which to study, vaccinations cannot be refrigerated, and a lack of access to clean cooking technologies has led to severe household air pollution – causing 700,000 premature deaths a year.

According to the International Energy Agency (IEA), energy investment in Africa has fallen in recent years, although recent programs such as Mission 300, launched by the World Bank and African Development Bank, aim to unlock investment and provide power to 300 million people in the next six years.

This interview has been edited for length and clarity.

Eleni Giokos: When we talk about 600 million people on the continent having some kind of energy insecurity or no access to electricity, what does that mean in terms of investment required to bridge that gap?

Fatih Birol: Africa is a continent of contrasts when it comes to energy. Africa has a lot of energy sources: oil, gas, solar, wind, geothermal energy, hydropower, all of them. But at the same time, Africa is very poor when it comes to use of energy. Every second (person) in Africa (has) no access to electricity, and at the same time, four out of five families use open fire to prepare their meals. Lack of energy hinders Africa’s development, (it is) maybe (the) number one problem when it comes to Africa’s economy.

What do we need? In Africa, we need these huge energy sources to meet with investment, with money to make projects, to bring energy to the people and to the economy. So, this is the key issue today in Africa.

Let’s look at the energy supply mix right now on the African continent. According to IEA statistics, coal accounts for 13%, oil 26%, gas 18%, biofuels 40%. Renewables are a small portion. Where is the money meant to come from to really tap into this abundant resource?

Today in Africa, the energy sector receives about $100 billion of investments. If we want to see an Africa which is providing energy – clean energy – to its citizens, we need to see at least three times higher, about $300 billion investment. This needs to come from the countries themselves, and Africa has such huge potential, that with right investment policies, it shouldn’t be difficult to attract foreign investments. The problem is foreign investors think Africa is a risky investment climate. The governments’ job is to minimize those risks, minimize the bureaucracy, increase transparency … rather than providing uncertainties for the investors. Investors should know that if (they) invest in African energy, they will get a decent return, and this is guaranteed. This is the way that governments need to prepare the investment framework for the investors.

When I look at the overall global carbon emissions from the continent related to energy emissions, Africa accounts for only 3% of what we see globally. The continent has an amazing opportunity, firstly, to industrialize, but doing it in a different way to the rest of the world. What strategy do you think that should be adopted?

Africa’s sins in terms of climate change are almost negligible. Africa’s share (of the world’s energy-related carbon dioxide emissions) is less than 3%, but the worst effects of climate change are felt in Africa. When we look at the future of African energy, especially for electrification, I see that renewables will play a very important role: solar, wind, hydropower and others. But it is not only electrification you need for the industrialization of the (continent), you also need other energy sources. For example, I believe Africa should make use of natural gas in a responsible way – it has huge natural gas resources. Africa should use its solar, wind, hydropower, natural gas, maybe nuclear (power) in some countries, all its energy sources, to develop. It is Africa’s time to develop now, and Africa needs a lot of energy – and Africa needs to get this energy in a clean, secure and affordable way.

The African Continental Free Trade Area, the ambition to create the largest trading block in the world, how is that going to change the game, in terms of African countries collaborating?

The idea is very good. If we can find (a way) to foster trade among African countries, it can increase the cost effectiveness of many projects and reduce the tax issues. It can provide a boost to the investment needs in Africa, if it is rightly implemented.

What countries are you hopeful about, where are you seeing major progress?

I wouldn’t like to pick one country, but I see that (across) Africa, governments are now understanding more and more that without fixing the energy problem, they cannot make their citizens happy or wealthy. If there is no energy, there is no stability. If there is no energy, there is no economic development. And Africa needs to solve this problem. Some governments are making very good steps in sub-Saharan Africa, but some others are lagging, unfortunately.

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When the cardinals enter the Sistine Chapel on Wednesday at the start of conclave, the process of electing a new pope, they will be sealed off from the world.

But that doesn’t stop people trying to influence the thinking of the 133 prelates who will choose a successor to the late Pope Francis. The electors are allowed to take in written materials and, in the days leading up to the conclave, have been offered a book on their fellow cardinals – one which contains a clear message.

Titled “The College of Cardinals Report,” it offers profiles on around 40 papal candidates, including a breakdown on where they stand on topics such as same-sex blessings, ordaining female deacons and the church’s teaching on contraception. The subtext: Choose a pope who will take the church in a different direction to Pope Francis – whose progressive reforms angered some conservatives.

The project has been led by two Catholic journalists, Edward Pentin, who is from Britain, and Diane Montagna, from the United States – both of whose work appears on traditionalist and conservative Catholic news sites. Montagna has been handing the book to cardinals entering and leaving the pre-conclave meetings, Reuters reported.

The creators of the report say they produced the resource to help cardinals get to “know one another better” and that it was compiled by an “international and independent team of Catholic journalists and researchers.” It comes ahead of a conclave where the cardinals – a diverse group drawn from 71 countries, many of them appointed by Francis over the last decade – don’t know each other well and have been wearing name badges during their meetings.

The report was compiled in association with Sophia Institute Press, a traditionalist-leaning publishing house based in New Hampshire, and Cardinalis, a magazine based in Versailles, France. Sophia Institute Press publishes the radically anti-Francis “Crisis Magazine” and in 2019 published the book “Infiltration,” which claims that in the 19th century, a group of “Modernists and Marxists” hatched a plan to “subvert the Catholic Church from within.” Meanwhile, Cardinalis regularly features articles on prominent conservative cardinals.

The College of Cardinals Report website attempts to ward off accusations of bias, saying, “Our approach is fact-based and we strive to be impartial, offering as accurate a picture as possible of the sort of man who might one day fill the shoes of the Fisherman”– a reference to the first pope, St. Peter.

Its authors also say there is historical precedent for their initiative, pointing to times when “diplomats and other trusted scribes would compile more in-depth and reliable biographies of the cardinals and distribute them to interested parties.”

In his rules on the election of popes, John Paul II prohibited, on pain of excommunication, “all possible forms of interference, opposition” from political authorities, including “any individual or group” who “might attempt to exercise influence on the election of the Pope.” The idea behind the secrecy of the conclave is to prevent outside influence. In the past, European monarchs held a power of veto in a papal election, with the last one exercised in 1903.

But the 2025 conclave has been subject to various kinds of attempts to influence it. Clerical sexual abuse survivors have set up a database to vet cardinals’ records on handling the issue, while social media has been full of controversial content – from AI-generated videos of cardinals partying in the Sistine Chapel to US President Donald Trump releasing an artificially created image of himself as the pope.

Well-funded conservative Catholic groups are among the would-be influencers. Sophia Institute Press publishes books in partnership with The Eternal Word Network (EWTN), the largest religious broadcaster in the world and one which has often given a platform to Francis’ critics.

The Napa Institute, a conservative Catholic group, has been present in Rome in the run-up to the conclave, as has the Papal Foundation, a group of Catholic philanthropists. “This room could raise a billion to help the church. So long as we have the right pope,” an anonymous Papal Foundation backer told the Times of London.

Some members of these groups are also supporters of Trump. Tim Busch, a Californian lawyer and the co-founder of Napa, has described the Trump administration as the “most Christian he’s ever seen.” While Busch has rejected the claim he is “anti-Francis,” he said that the ultra-conservative Archbishop Carlo Maria Viganò had “done us a great service” when he released a 2018 dossier calling on the late pope to resign. Viganò was last year excommunicated for schism.

Kurt Martens, a professor of canon law from the Catholic University of America, said church legislation seeks to “protect the cardinals against all kinds of outside influencing and interference.” He pointed to the “Red Hat Report,” a US group that back in 2018 was seeking more than $1 million to compile dossiers on candidates in an attempt to prevent a repeat of the conclave that elected Francis.

Martens said initiatives such as the cardinals’ report and the Red Hat Report “intend to not just give objective information, but colored information, and thereby seeks to influence the outcome of the conclave.” He added: “Per the rules of St. John Paul II, that is absolutely forbidden.”

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Israel’s military has issued an unprecedented evacuation warning for Yemen’s international airport in Sana’a.

It marks the first time the Israel Defense Forces (IDF) has put out an evacuation warning in Yemen, more than 1,000 miles from Israel.

“Failure to evacuate the area endangers your lives,” Avichay Adraee, the IDF spokesperson in Arabic, said on social media.

The warning comes a day after the Israeli military carried out a series of strikes against the port in Yemen’s Hodeidah and a nearby cement factory. The Houthi-run Ministry of Health said at least one person had been killed and another 35 injured in an Israeli strike on the factory in Bajil, east of Hodeidah.

The IDF strikes came after a Houthi ballistic missile penetrated Israel’s air defenses and hit near Tel Aviv’s international airport on Sunday. Several attempts to intercept the missile failed, the IDF said.

Israel struck Sana’a international airport in December, killing at least three people and injuring 30 others, according to the Houthi-run al-Masirah satellite television network.

This is a developing story and will be updated.

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