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Army Gen. Michael ‘Erik’ Kurilla is no stranger to conflict, especially in the Middle East. 

Two decades ago as a lieutenant colonel, he was at the front lines of combat fighting off insurgents in Mosul, Iraq, while leading the 1st Battalion, 24th Infantry Regiment. The battalion’s mission was to conduct security patrols and coordinate offensive attacks against anti-Iraqi insurgents targeting Iraqi security forces and Iraqi police stations. 

During Kurilla’s tenure leading the battalion, more than 150 soldiers earned the Purple Heart for injuries, and the battalion lost at least a dozen soldiers, The New York Times reported in August 2005. 

‘There will always be somebody willing (to) pick up an AK-47 and shoot Americans,’ Kurilla told The New York Times in August 2005. 

Kurilla did not complete that deployment unscathed. Later, in August 2005, Kurilla found himself caught in a Mosul, Iraq, firefight, where he sustained multiple gunshot wounds, earning him a Bronze Star with valor and one of his two Purple Heart awards. 

Now, Kurilla is facing another battle as the commander of U.S. Central Command, or CENTCOM, serving as the top military officer overseeing U.S. military forces based in the Middle East.

That means Kurilla, who attended the U.S. Military Academy at West Point, is at the forefront of military operations as President Donald Trump contemplates whether to engage in military strikes against Iran’s nuclear sites. 

CENTCOM is one of the U.S. military’s 11 combatant commands and encompasses 21 nations in the Middle East in its area of operations, including Iraq and Afghanistan. 

Those familiar with Kurilla claim he’s the perfect person for the job, and Secretary of Defense Pete Hegseth described Kurilla as an uplifting leader. 

‘General Kurilla is a bold, dynamic, and inspiring leader who strikes fear into the hearts of America’s enemies,’ Hegseth said in a statement Thursday to Fox News Digital. ‘He’s a warrior through and through who always puts his country, mission, and troops first. It has been an honor to serve alongside him in defense of our great nation.’

Retired Army Gen. Mark Milley, the former chairman of the Joint Chiefs of Staff, said in 2022 when Biden nominated Kurilla for the role that Kurilla is the ideal CENTCOM leader. 

‘If there ever was some way to feed into a machine the requirements for the perfect leader of CENTCOM — the character traits, the attributes, the experiences, the knowledge and the personality that would be ideal — that machine would spit out Erik Kurilla,’ Milley said in 2022, according to the Defense Department. ‘Erik’s got vast experience in combat (and) on staffs.

‘He’s a visionary, he’s a thinker and he’s a doer,’ Milley said. ‘He understands both the physical and human terrain and is able to identify root causes of problems and develop systems. He’s not at all a linear thinker. He’s actually a very gifted problem-solver.’

Retired Marine Corps Gen. Frank McKenzie, Kurilla’s CENTCOM predecessor, voiced similar sentiments. 

‘I can’t think of anybody better qualified to lead CENTCOM’s next chapter than Erik Kurilla,’ McKenzie said in 2022, according to the Pentagon. ‘He’s no stranger to the CENTCOM (area of operations). He’s no stranger to the headquarters.’

Notable figures who’ve previously filled the job leading CENTCOM include former defense secretaries, retired Gen. Jim Mattis, who served during Trump’s first term, and retired Gen. Lloyd Austin, who served during former President Joe Biden’s administration.

Fox News Digital reached out to CENTCOM, McKenzie and Milley for comment and did not get a response by the time of publication. 

The region is familiar territory for Kurilla. The general spent a decade between 2004 and 2014 overseeing conventional and special operations forces during consecutive tours in the Middle East that fell under the CENTCOM purview. 

Additionally, Kurilla has served in key CENTCOM staff and leadership positions, including serving as the command’s chief of staff from August 2018 to September 2019. Prior to leading CENTCOM, the general also commanded the 2nd Ranger Battalion, the 75th Ranger Regiment, the 82nd Airborne Division and the XVIII Airborne Corps, according to his official bio. 

In addition to deploying to Iraq as part of Operation Iraqi Freedom and Operation Inherent Resolve, he deployed to Afghanistan with Operation Enduring Freedom. Other awards he’s earned include the Combat Infantryman Badge, awarded to Army infantry or special forces officers who’ve encountered active ground combat. 

Kurilla, who the Senate confirmed to lead CENTCOM in February 2022 and will exit the role later in 2025, told lawmakers on the House Armed Services Committee June 10 that, since October 2023, when Hamas first attacked Israel, American service members have faced increased threats in the region. 

Specifically, he said, U.S. troops have come under direct fire by nearly 400 unmanned aerial systems, 350 rockets, 50 ballistic missiles and 30 cruise missiles launched by Iranian-backed groups. 

He said CENTCOM has encountered the ‘most highly kinetic period than at any other time in the past decade.’

‘We have been at the brink of regional war several times with the first state-on-state attacks between Iran and Israel in their history,’ Kurilla told lawmakers. ‘In the Red Sea, Houthi attempts to kill Americans operating in the Red Sea necessitated an aggressive response to protect our sailors and mariners and restore freedom of navigation. This is while Tehran is continuing to progress towards a nuclear weapons program — threatening catastrophic ramifications across the region and beyond.’ 

As a result, Kurilla said CENTCOM is prepared to use military force to prevent Iran from becoming a nuclear-armed state. Kurilla said he has provided Trump and Secretary of Defense Pete Hegseth a host of options to employ to eliminate the threat of a nuclear Iran. 

Since Kurilla’s testimony, tensions have escalated even further in the Middle East after Israel kicked off massive airstrikes against Iran’s nuclear sites that Israel claims have killed several high-ranking military leaders. Likewise, Iran also launched strikes against Israel as the two ramp up military campaigns against one another.

Trump is still navigating whether the U.S. will conduct direct strikes against Iran. Trump told reporters he may order strikes targeting Iranian nuclear sites and that the ‘next week is going to be very big.’

‘Yes, I may do it. I may not do it. I mean, nobody knows what I’m going to do,’ Trump said. ‘I can tell you this, that Iran’s got a lot of trouble, and they want to negotiate.’ 

This post appeared first on FOX NEWS

A cohort of Democratic lawmakers from Texas has formally requested that Tesla postpone the highly anticipated launch of its robotaxi service in Austin.

The legislators are urging the electric vehicle giant to delay the rollout until September, when a new state law governing autonomous driving is scheduled to come into effect, citing concerns over public safety and the need to build public trust.

In a letter sent on Wednesday, the group of Austin-area lawmakers argued that delaying the launch, which Tesla CEO Elon Musk had “tentatively” suggested could happen as early as this Sunday, “is in the best interest of both public safety and building public trust in Tesla’s operations.”

They emphasized the importance of aligning the robotaxi service with the forthcoming state regulations.

Should Tesla decide to proceed with its launch this month, thereby predating the new law, the lawmakers have asked the company to provide “detailed information” demonstrating precisely how Tesla intends to comply with the new state legislation once it is operational.

Tesla did not immediately respond to a request for comment on the lawmakers’ letter.

This request comes at a pivotal moment for Tesla.

Last year, Elon Musk publicly staked the company’s future heavily on the success of its autonomous-driving technology, signaling a strategic pivot away from solely chasing rapid growth in electric-vehicle sales.

The impending Austin robotaxi rollout has been under intense scrutiny from investors and analysts, many of whom attribute a significant portion of Tesla’s stock market valuation to the high hopes pinned on its yet-to-be-delivered robotaxi services and humanoid robots.

Navigating a shifting legal landscape in Texas

The political and legal context for this request is noteworthy.

It remains unclear how much influence a letter from Democratic lawmakers will exert in Texas, a state where Republicans control the governorship and hold majorities in both legislative chambers.

Under current Texas law, autonomous-vehicle companies are permitted to operate their vehicles anywhere in the state, provided the vehicles meet basic registration and insurance requirements.

However, new legislation, which successfully passed the Texas legislature last month but has not yet been signed by the governor, is set to change this landscape.

This new law would, for the first time, require autonomous-vehicle companies to apply for specific authorization to operate within the state.

Crucially, the new legislation would grant state authorities the power to revoke permits if they deem a driverless vehicle to be one that “endangers the public.”

Furthermore, companies like Tesla would be required to provide the state with comprehensive information on how police and first responders can effectively interact with and manage these autonomous vehicles in emergency situations.

Scant details on Tesla’s Robotaxi blueprint

Elon Musk first announced in January that Tesla would be offering “autonomous ride-hailing for money in Austin, in June.” Since that pronouncement, details about the planned Austin robotaxi launch have been sparse.

Musk has indicated that the initial rollout would begin with a small fleet of 10 or 20 Model Y vehicles and that the company would initially operate in “only the parts of Austin that we consider to be the safest.”

However, key operational details—such as who the initial passengers will be, how Tesla will charge for rides, the specific areas of Austin where the service will operate, and the extent of remote monitoring and operation of the vehicles—have not yet been disclosed by Musk or Tesla.

This lack of transparency likely contributes to the lawmakers’ call for a more cautious and legally aligned approach.

The post Red light for Tesla robotaxis? Texas Democrats urge launch halt appeared first on Invezz

Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to provide an update on mining of the Starter Pit at the Munda Gold Mine, 5km from Widgiemooltha, Western Australia.

Highlights

  • First blast 17 June 2025.
  • Mining is well underway in Starter Pit.
  • Approximately 70,000 BCM mined in first month.
  • Largely free-dig to date.
  • Site preparation for Waste Dump and ROM pads completed.
Management Comment

Managing Director, Mark English, said:

“It’s a momentous time in our progression and development of the Company, we are delighted.

“Mining is in full swing and all activities are progressing as we expected. Nothing is holding us back. We are achieving our targets and are exactly where we expected to be in the mine development.

“We are pleased to be monetising our major asset in such a bullish gold market, the timing is excellent. It is a great place to be as an unhedged gold producer,” said Mr English.

Approximately 70,000 BCM (Bank Cubic Metres) of material have been mined at Munda over the first 4 weeks of operations from a pit design encapsulating 380,000 BCM. Mining to this stage has been largely free-dig with the first blast completed 17 June 2025.

Auric personnel are utilising a dry hire fleet comprising a 125t excavator and four 40t articulated ‘Moxi’ dump trucks together with relevant ancillary equipment.

Both RC grade control and blast hole drilling, together with blast supervision is managed by Kalgoorlie-based Total Drilling Services Pty Ltd.

The Company has estimated that approximately 125,000 tonnes of ore will be extracted from the Starter Pit at a grade of 1.8g/t Au1. Most of that ore will be mined toward the base of the Starter Pit, during the last two months of operations. The Starter Pit is scheduled for completion in October.

Munda has an estimated resource of 145,000 ounces of gold at a 0.5g/t cut-off2. Once the Starter Pit is finished Auric expects to complete detailed planning for a larger pit, to commence in 2026.

The Company is fully funded to mine the Starter Pit at Munda from the proceeds of gold sales from the Jeffreys Find Gold Mine near Norseman.

Click here for the full ASX Release

This post appeared first on investingnews.com

Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence ‘will reduce our total corporate workforce as we get efficiency gains’ over time.

‘We will need fewer people doing some of the jobs that are being done today, and more people do other types of jobs,’ Jassy added in a memo to Amazon’s workforce.

The CEO of the country’s second-largest retailer and employer said Amazon is using generative AI ‘in virtually every corner of the company.’

Amazon employs more than 1.5 million people worldwide, according its most recent annual report.

This year, Amazon plans to spend $100 billion to expand AI services and data centers that power them, up from $83 billion last year.

Jassy said he believes so-called ‘AI agents’ will ‘change how we all work and live.’ While ‘many of these agents have yet to be built,’ he said, ‘they’re coming, and fast.’

He continued by saying that they will ‘change the scope and speed at which we can innovate for customers.’

Amazon currently has more than a thousand AI services and applications running inside the company or in progress of being built.

Jassy’s comments Tuesday will likely invoke fears that many corporate workers have had as artificial intelligence captures the eye of efficiency-minded executives across corporate America. A recent study from Bloomberg Intelligence said that AI could replace up to 200,000 banking jobs.

Amazon CEO Andy Jassy in New York on Feb. 26.Michael Nagle / Bloomberg via Getty Images

Artificial intelligence has also been shown to be effective at coding for software programs.

Cybersecurity firm Crowdstrike eliminted 5% of its workforce in May, saying that AI was driving ‘efficiencies across both the front and back office.’

Shopify CEO Tobi Lutke said managers at the e-commerce company will be expected to prove why they ‘cannot get what they want done using AI’ before asking for more headcount.

‘Having AI alongside the journey and increasingly doing not just the consultation, but also doing the work for our merchants is a mind-blowing step function change here,’ Lutke added.

Language learning firm Duolingo also recently said that it would replace contract workers with artificial intelligence. ‘We’ll gradually stop using contractors to do work that AI can handle,’ CEO Luis von Ahn wrote in a memo to Duolingo employees in May. ‘Headcount will only be given if a team cannot automate more of their work,’ von Ahn added.

The CEO of U.K. telecom giant BT said this week that plans to cut 40,000 jobs from the company’s workforce over the next 10 years ‘did not reflect the full potential of AI.’

This post appeared first on NBC NEWS

Rep. Thomas Massie, R-Ky., a conservative fiscal hawk who refused to sign onto President Donald Trump’s ‘big, beautiful bill,’ is building an unlikely bipartisan coalition of lawmakers resisting the United States’ involvement in the conflict between Israel and Iran. 

‘This is not our war. But if it were, Congress must decide such matters according to our Constitution,’ Massie said in a social media post announcing the War Powers Resolution that he introduced with Democrat Rep. Ro Khanna of California on Tuesday. 

Massie, whom Trump threatened to primary during the House GOP megabill negotiations, invited ‘all members of Congress to cosponsor this resolution.’ By Tuesday night, the bipartisan bill had picked up 27 cosponsors, including progressive ‘Squad’ members Reps. Alexandria Ocasio-Cortez and Ilhan Omar.

Across the political aisle, Rep. Marjorie Taylor Greene, R-Ga., signaled her support, writing that Americans want an affordable cost of living, safe communities and quality education ‘not going into another foreign war.’

The bill’s original co-sponsors also include progressive Democrat Reps.Pramila Jayapal, Summer Lee, Ayanna Pressley and Rashida Tlaib, who called it unconstitutional for ‘Trump to go to war without a vote in Congress.’

The War Powers Resolution would ‘remove United States Armed Forces from unauthorized hostilities in the Islamic State of Iran’ and direct Trump to ‘terminate’ the deployment of American troops against Iran without an ‘authorized declaration of war or specific authorization for use of military forces against Iran.’

Lawmakers who oppose the United States’ joining the escalating conflict in the Middle East have sounded off on the unconstitutionality of Trump striking Iran without congressional approval. Congress has the sole power to declare war under Article I of the Constitution. 

‘The American people do not want to be dragged into another disastrous conflict in the Middle East. I’m proud to lead this bipartisan War Powers Resolution with Rep. Massie to reassert that any military action against Iran must be authorized by Congress,’ Khanna said. 

The president told reporters on Wednesday morning that he is weighing whether to sign off on military strikes against Iran’s nuclear facilities. 

‘Yes, I may do it. I may not do it. I mean, nobody knows what I’m going to do,’ Trump said. 

Trump called for Iran’s ‘UNCONDITIONAL SURRENDER!’ on Truth Social on Tuesday, and said the United States won’t strike Iran’s Supreme Leader Ayatollah Khamenei ‘at least not for now,’ but signaled America’s ‘patience is wearing thin.’ 

On the sixth consecutive night of strikes between Israel and Iran, Iran warned that the United States joining forces with Israel would mean an ‘all-out war,’ as Israel bombarded sites overnight it says would have allowed Iran to continue enriching uranium, as well as attack Israeli forces.

Israel launched preemptive strikes on Iran’s nuclear facilities and military leaders last week, which the Islamic Republic considered a ‘declaration of war’ and has since launched its own strikes against Israel. 

Thousands of American troops are based in nearby countries within range of Iran’s weapons, but Trump said on Wednesday that ‘we now have complete and total control of the skies over Iran.’

The Jewish State targeted Iran’s nuclear capabilities after months of failed negotiations in the region and heightened concern over Iran developing nuclear weapons. 

But Ali Bahreini, Iran’s ambassador to Geneva, said Iran ‘will continue to produce the enriched uranium as far as we need for peaceful purposes,’ as Israel continues to target Iran’s nuclear capabilities. 

The White House did not immediately respond to Fox News Digital’s request for comment on the bill. 

Fox News Digital’s Danielle Wallace contributed to this report. 

This post appeared first on FOX NEWS

European stock markets presented a mixed and cautious picture at Wednesday’s open.

The markets were impacted with the investors grappling with a confluence of factors including fresh UK inflation data, the looming US Federal Reserve interest rate decision, and persistent geopolitical tensions in the Middle East.

While pre-market futures had signaled sharp falls, the actual open saw a more varied performance across major bourses.

Early market indications from IG futures data had painted a bearish picture, suggesting significant opening declines across Europe: London’s FTSE was anticipated to open 52 points lower at 8,827, Germany’s DAX down 245 points at 23,447, France’s CAC 40 down 75 points at 7,665, and Italy’s FTSE MIB 329 points lower at 39,568.

However, the actual open appeared somewhat more nuanced, though the underlying caution remained.

Global investors continue to closely monitor the ongoing conflict between Israel and Iran, which saw continued missile attacks and airstrikes on Monday.

This volatile situation has kept markets on edge, fueling a rise in oil prices due to supply worries and an increase in gold prices as investors flock to traditional safe-haven assets.

These safe-haven assets saw their prices rise further overnight. US stock futures also turned lower after US President Donald Trump signaled a potential further escalation in attacks, urging Iranians to evacuate Tehran, a development that has done little to soothe market nerves.

UK inflation cools slightly, gilts strengthen

A key piece of economic data for European investors on Wednesday morning was the UK inflation report.

Inflation in the United Kingdom cooled slightly to 3.4% in the year to May, according to figures released by Britain’s Office for National Statistics.

This reading was in line with analysts’ expectations and offered a measure of relief after inflation had unexpectedly surged to 3.5% a month earlier.

In response to the inflation data, UK government bonds, known as gilts, strengthened slightly. The yield on the benchmark 10-year gilt was around 2 basis points lower by 7:07 a.m. in London.

Yields on 2-year and 20-year gilts also dipped by around 1 basis point, while 5-year and 30-year gilt yields remained unchanged.

Bond prices and yields move in opposite directions, so falling yields indicate rising bond prices and increased investor demand for these safer assets.

The slight cooling in UK inflation will be closely watched by the Bank of England, though it comes against a backdrop of broader economic uncertainties and persistent geopolitical risks that continue to influence global market sentiment and central bank considerations.

All eyes will now also turn to the US Federal Reserve, which is due to announce its interest rate decision later in the day, a move that will undoubtedly have significant implications for markets worldwide.

The post European markets open mixed; UK May inflation at 3.4%, Fed decision awaited appeared first on Invezz

Melbourne, Australia (ABN Newswire) – Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) has entered into a binding agreement to acquire the global rights to commercially exploit a patented photovoltaic (‘PV’) solar panel recycling technology known as ‘Microwave Joule Heating Technology’ (‘MJHT’ or the ‘Technology’).

Highlights

– Agreement to acquire global rights photovoltaic (PV) solar panel recycling technology

– ‘Microwave Joule Heating Technology’ (MJHT) from Macquarie University

– Utilises microwave technology to selectively heat and delaminate PV cells

– 60-78 million tonnes of waste photovoltaic (PV) modules cumulated by 2050

– Today only 15% of waste solar cells are recycled worldwide

– Most end up in land fill as valuable waste

– Hard to recycle, high temperature furnace, toxic chemicals, low recovery

– MJHT and Delamination enables selective separation of materials – higher recoveries

– To investigate further recovery of silver, silicon, gallium and indium

– Binding commitments received to raise $1.7 million via placement to existing and new sophisticated and professional investors

The rights will be secured via an exclusive licensing agreement (‘Licensing Agreement’) with Macquarie University (‘MQU’), held through an Australian-incorporated holding company, New Age Minerals Pty Ltd (‘NAM’). The key terms of the Licensing Agreement are set out in Schedule 1*. The transaction will be effected by LU7 acquiring 100% of the issued share capital of NAM (‘Proposed Transaction’).

The basis of the technology platform utilises microwave technology to selectively heat silicon thereby softening the EVA encapsulant in solar panels, enabling easy delamination and potential recovery of valuable materials at room temperature. This approach avoids the need for extreme heat (1400degC) typically required for separating materials like glass and silicon as well as the use of costly hazardous chemicals in traditional processes. Delamination enables selective separation of materials without the need for mechanical crushing, whereas traditional crushing methods often result in cross-contaminated material and lower recovery rates.

A report published by the International Energy Agency Photovoltaic Power Systems Programme1 projected that global waste PV modules will amount to 1.7-8.0 million tonnes cumulatively by 2030 and 60-78 million tonnes cumulatively by 2050. By 2035, Australia is expected to accumulate 1 million tonnes of solar panel waste worth over A$1 billion, while the global CIGS (Copper, Indium, Gallium, Selenide) solar cell market is projected to grow to US$12.23 billion by 2032.

Currently, only 15% of used PV cells are recycled, with the rest accumulating in landfills.

This low recycling rate is due to complex processes, high-temperature furnaces, toxic chemicals, and poor recovery yields. The Technology, developed by MQU, enhances the extraction of valuable metals such as silver, silicon, gallium, and indium from discarded PV panels using microwave and delaminating techniques. The breakthrough technology offers a promising new approach for enhanced recovery of valuable metals like Silver, Silicon, Gallium, and Indium. The Company plans to initiate further research and development in this area.

THE PROBLEM TODAY

The world’s renewable energy transition is moving fast, with large-scale PV solar panels playing a central role in national energy strategies. The global solar cell market is projected to hit US$39.81 billion by 2037, growing at a compound annual growth rate (CAGR) of around 8.2%.

Approximately 37% of Australian households have installed solar panels. This represents over 4 million homes and small businesses with solar power systems. The Clean Energy Council reports that 12.4% of Australia’s electricity generation in 2024 came from rooftop solar.

However, as these panels approach the end of their 25-30-year lifespan, the industry faces a growing challenge: managing solar panel waste and recovering valuable materials. A report published by International Energy Agency Photovoltaic Power Systems Programme (IEA PVPS) Task12 and the International Renewable Energy Agency (IRENA) in 2016 projected world’s waste PV modules globally to amount to 1,7-8,0 million tonnes cumulatively by 2030 and to 60-78 million tonnes cumulatively by 2050. By 2035, Australia alone is expected to accumulate 1 million tonnes of end-of-life solar panels, with a total material value of over $1 billion. By 2045, Australia could be looking at 34.6 GW of serviceable panels that will need to be recycled or repurposed, equivalent to the total installed solar capacity in the country as of August 2024.

LOW RECYCLING RATES

The global recycling rate for PV solar panels is around 15%, driven by several challenges. The recycling process is complex, requiring high temperatures and toxic chemicals, making it costly and energy intensive. Economic incentives are limited as the recovery of valuable materials like silicon does not provide sufficient financial returns. However, if recycling technologies can effectively attract and recover critical materials like silver, silicon, gallium, and indium, the financial viability of recycling improves, driving higher recycling rates.

Additionally, the lack of recycling infrastructure and the diverse materials in panels further complicate efficient separation, but advancements in technology are addressing these issues.

When waste PV cells aren’t recycled, they often end up in landfills, causing numerous environmental problems.

Panels can contain harmful materials like cadmium and lead, which may leak into the ground and water, posing risks to both ecosystems and human health. Valuable metals like silver, silicon, gallium, and indium are lost, adding to the strain on natural resources. As more solar panels reach the end of their life, landfills fill up, and the energy stored in these materials is wasted. Recycling can help solve these issues by recovering critical materials and cutting down on pollution.

POTENTIAL GROWTH OF PV RECYCLING INDUSTRY

The nascent PV solar panel recycling industry is experiencing rapid growth due to the increasing demand for critical metals such as silicon, silver, and indium, which hold substantial economic value. As the market for endof-life (EoL) solar panels expands, driven by both economic opportunities and environmental needs, the recovery of these materials is becoming a lucrative business. The market for recyclable materials from EoL solar panels is projected to reach over $2.7 billion by 2030 and could approach $80 billion by 2050, according to Rystad Energy. This growth is further fuelled by the fact that recovering materials from used panels can offset the need for costly and environmentally damaging virgin material extraction. Additionally, recycling helps secure a domestic supply of critical metals, reducing reliance on volatile foreign sources. Advancements in recycling technology, particularly in recovering high-value materials like silicon and silver, are making these processes more economically viable and environmentally necessary. Research has demonstrated that up to 98% of silver and nearly all of copper, lead, and other valuable metals can be recovered efficiently, enhancing the profitability of the recycling industry. As technology improves, the recycling of PV panels will play a crucial role in supporting the transition to a circular economy and sustainable energy future.

CRITICAL METALS IN PV CELLS

As the demand for critical minerals continues to rise with the global shift to clean energy, the need to recover valuable materials from these panels becomes increasingly urgent. Solar panels are made up of 95% recyclable materials, including silver, aluminum, silicon, copper, indium, and gallium-all of which are vital to global clean energy supply chains. Rare metals like gallium are essential for solar fuel cells, semiconductor chips, and other high-tech applications, making their recovery from e-waste a key priority.

COMMENTS: EXECUTIVE CHAIRMAN, IGGY TAN

‘Now that we have completed our lithium refinery DFS and secured all necessary components-including land and partnerships-we are positioned and ready for a lithium price recovery. We are confident in our counter-cyclical strategy and firmly believe that LU7 will benefit significantly when the lithium market rebounds. While awaiting this recovery, we have been presented with an exciting opportunity to acquire a cutting-edge photovoltaic recycling technology’.

‘I am thrilled about the acquisition of Macquarie University’s Microwave Joule Heating Technology (MJHT) and the opportunity to potentially extract critical metals such as silver from solar panel recycling.

The need for effective PV recycling has never been greater, with only 15% of panels currently being recycled. The mass accumulation of solar panel waste in landfills is a growing problem, as valuable critical metals like silver, silicon, gallium, and indium are left behind, contributing to both resource depletion and environmental harm. Microwave technology offers a promising solution to these challenges, enabling higher recovery rates and more sustainable recycling processes. We firmly believe that this technology represents the future of solar panel waste management. We are eager to collaborate with the Macquarie team to develop a more efficient and cost-effective recycling process’.

*To view the full release with tables and figures, please visit:
https://abnnewswire.net/lnk/A0938OHA

To view the Market Presentation, please visit:
https://www.abnnewswire.net/lnk/JJ10ITOI

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe’s mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

Source:
Lithium Universe Ltd

Contact:
Alex Hanly
Chief Executive Officer
Lithium Universe Limited
Tel: +61 448 418 725
Email: info@lithiumuniverse.com

Iggy Tan
Chairman
Lithium Universe Limited
Email: info@lithiumuniverse.com

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

President Donald Trump’s business organization has announced the creation of a new wireless phone service that will carry the president’s name.

Trump Mobile, as the service will be known, will soon be available for what Donald Trump Jr. described as “real Americans” seeking “true value from their mobile carriers.” The eldest of Trump’s children, who serves as executive vice president of the Trump Organization, which runs the president’s businesses, made the remarks at a press event in New York City on Monday morning alongside his brother Eric Trump, who also oversees the Trump Organization.

According to the TrumpMobile.com website, the plan starts at $47.45 a month, reference to the elder Trump having served as the 45th and 47th president.

By comparison, Boost Mobile and Verizon’s Visible offer similar unlimited service for $25 per month. T-Mobile and Spectrum offer unlimited plans for $30.

Users can change to Trump Wireless while still keeping their existing phones. At the same time, the Trump Organization is also rolling out a $499 gold-colored phone, dubbed the T1, later this year as part of the service’s launch.

The announcement represents another example of the unprecedented line-blurring the president has undertaken by running the country while his branded business ventures continue to operate and make millions.

Late Friday, the president filed financial disclosure forms for 2024 showing hundreds of Trump-branded business ventures in operation as of last year. The Trump Organization, the main corporate entity run by the president’s family, earned more than $57 million from sales of digital tokens launched by its World Liberty Financial cryptocurrency platform. Trump has aggressively wielded the powers of the executive office to threaten businesses whose policies he does not support.

The launch of a wireless phone is a particularly striking case, since it comes as the president seeks to bring more production of electronics, including smartphones, to the United States. Trump has explicitly threatened Apple with tariffs for not making its iPhones stateside. Trump has sought to exert a strong influence over the heavily regulated telecom industry through Brendan Carr, the attorney Trump appointed to lead the Federal Communications Commission. Carr has cited traditional carriers for allegedly abusing workforce diversity requirements and censoring conservative voices.

The White House referred a request for comment to the Trump Organization. It did not respond to a follow-up query asking whether the president planned to use his own branded wireless service or the T1 phone.

According to its website, Trump Mobile is “powered” by Liberty Mobile Wireless. Florida state business records indicate Liberty Mobile was first registered in 2018 by its president and CEO, a Miami-area entrepreneur named Matthew Lopatin. He did not respond to an emailed request for comment.

Representatives for the three major U.S. phone carriers did not respond to requests for comment.

Trump Mobile’s T1 PhoneTrump Mobile

According to its website, Trump Mobile users would be able to receive telemedicine on their phone, roadside assistance and unlimited texting to at least 100 countries.

The service and phone are not actually made by the Trump Organization. The company is licensing the president’s name to a wireless service that is supported by the three major U.S. phone carriers. In a separate appearance with Fox Business host Maria Bartiromo’s “Mornings with Maria” show Monday, Eric Trump said the phones would also be made in the U.S. but did not state the manufacturer. He also said the service’s call center would be based in St. Louis.

The announcement appears to echo one made earlier this month by the trio of actor-hosts of the popular “SmartLess” podcast, who said they were launching their own wireless service by purchasing network capacity from T-Mobile.

Another actor, Ryan Reynolds, has invested in Mint Mobile, which also uses T-Mobile’s network. Both Mint and SmartLess have been pitched as value services for users who don’t have need for unlimited data.

This post appeared first on NBC NEWS

Senate Majority Leader John Thune, R-S.D., doesn’t envision, nor want, the U.S. military becoming directly involved in the conflict between Israel and Iran, but that hinges on whether the Islamic Republic rejoins the negotiating table.

‘Dismantling Iran’s nuclear program is what this is all about,’ Thune told Fox News Digital from his office in the Capitol. ‘And that can happen one of two ways. It can happen diplomatically — voluntarily —or can happen via force.’

Thune’s comments come as questions and concerns swirl on Capitol Hill among lawmakers about whether the U.S. will take a bigger, more direct role in the burgeoning conflict in the Middle East. There are active conversations among senators about what role Congress should play in whether to thrust the U.S. into an armed conflict or if that power should be ceded to the president. 

‘The Israelis may not have the military capability to do everything that’s necessary,’ he continued. ‘If the Iranians are smart, they’ll come to the table and negotiate this in a way in which they choose to end or disavow their nuclear program.’

Israel and Iran traded missile strikes for a fifth day following the Jewish State’s late-night strike last Thursday, where critical infrastructure that would aid Iran in its pursuit of creating a nuclear weapon was damaged or destroyed. Notably, Israel has been unable to damage the heavily fortified Fordow Fuel Enrichment Plant, according to the International Atomic Energy Agency. 

Bipartisan resolutions requiring that Congress gets to weigh in and take a vote on going to war with Iran and disavowing an armed conflict entirely have circulated this week, while some lawmakers believe that the U.S. should go all in to snuff out Iran’s nuclear capabilities and back up Israel as fighting rages.

President Donald Trump has so far refused to say whether the U.S. would use direct military force to prevent Iran from creating or obtaining a nuclear weapon, and he has continued to urge Iranian leaders to negotiate a nuclear deal.

Still, the president met in the White House’s Situation Room on Tuesday with his National Security Team after leaving the G7 Summit in Canada early.

Ahead of that meeting, he said on his social media platform, Truth Social, ‘We now have complete and total control of the skies over Iran.’ In that same post, he noted that the U.S. was aware of where Iran’s Supreme Leader Ayatollah Ali Khamenei was ‘hiding,’ but was not prepared to strike, ‘at least not for now.’

But Thune was more cautious, and contended that ‘we’ll wait and see what they do.’

‘I think right now, they’re definitely on their heels,’ he said. ‘Their command and control has been taken out. Nobody knows who’s really in charge.’

‘We’ll see. If they’re smart, they’ll come to the table.’

However, he hoped to see Iranians begin to rise up against the Ayatollah and believed that’s when the ‘seeds of change’ would begin to appear. He also noted that there are ‘a lot of things here that suggest to me, this may be that moment in time that we haven’t seen since 1979,’ a reference to the Iranian Revolution that saw the overthrow of the monarchy in Iran and the subsequent creation of the Islamic Republic. 

Asked whether lawmakers would put forward a supplemental spending package to further aid Israel, Thune said, ‘We’ll cross that bridge if and when we come to it.’ But he envisioned that if one were necessary, it would be dealt with after the budget reconciliation process, when lawmakers work to fund the government during fiscal 2026 appropriations.

‘I think, for right now, everybody is wishing the Israelis success and, again, hoping that the U.S. doesn’t have to get further involved, but realizing what’s at stake, and not only for Israel but for the region and the world,’ he said. 

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European markets opened sharply lower on Tuesday as the escalating conflict between Iran and Israel entered its fifth day, prompting a flight to safety among investors.

The pan-European Stoxx 600 dropped 0.8%, touching its lowest level in over three weeks after gaining 0.4% on Monday.

Germany’s DAX led regional losses, falling 1.6% in early trading. France’s CAC 40 slipped 1.2%, while London’s FTSE 100 was down 0.7%.

Tensions continued to mount after US President Donald Trump urged Iranian civilians to evacuate Tehran, citing the country’s refusal of a proposed nuclear agreement.

Trump left the G7 summit in Canada early, stating the departure was unrelated to ceasefire negotiations, offering little clarity to markets.

Oil prices briefly rose on heightened geopolitical risk before paring gains.

Energy stocks were the only sector in positive territory, up 0.3%, while telecom shares led losses with a 1.4% decline.

The Iran-Israel conflict

US President Donald Trump on Tuesday dismissed suggestions that he was mediating a ceasefire between Israel and Iran, saying his early departure from the Group of Seven summit was due to “much bigger” matters.

The comment came shortly after he urged Iranian civilians to “immediately evacuate Tehran.”

The escalating conflict in the Middle East prompted a joint statement from G7 leaders, who reiterated their support for Israel and condemned Iran as the “principal source of regional instability and terror.”

The group also reaffirmed its stance that Iran must never acquire a nuclear weapon.

“We affirm that Israel has a right to defend itself. We reiterate our support for the security of Israel,” the G7 leaders said in the joint communique focused on the crisis.

Trump’s remarks followed French President Emmanuel Macron’s claim on Monday that the US president had offered to broker a ceasefire between Tel Aviv and Tehran.

“He has no idea why I am now on my way to Washington, but it certainly has nothing to do with a Cease Fire. Much bigger than that,” Trump wrote on Truth Social Tuesday.

White House Press Secretary Karoline Leavitt said Monday that Trump was cutting short his G7 trip due to “what’s going on in the Middle East.”

Shortly after, Trump posted on his social media platform, calling on Iranian civilians to evacuate the capital and added: “Iran should have signed the deal I told them to sign.”

The G7 statement also called for a broader de-escalation in the region, including an end to hostilities in Gaza and a resolution to what it described as the “Iranian crisis.”

UK-US trade deal

The United States and the United Kingdom signed a trade agreement on the sidelines of the G7 summit on Monday, reducing tariffs on select British exports as both nations move toward a broader trade pact.

The deal, the first formal trade agreement signed by Washington since US President Donald Trump unveiled his full list of reciprocal tariffs, reaffirms preferential tariff treatment for British-made automobiles and eliminates duties on aerospace exports from the UK.

Trump, speaking alongside British Prime Minister Keir Starmer, said a specific tariff rate for British steel and aluminum would be set “at a future time.”

Currently, UK steel and aluminum exports to the US are subject to a 25% tariff, half the 50% rate applied to other countries.

“We signed it and it’s done,” Trump told reporters, calling the agreement “a great deal for both,” and emphasizing its potential to generate jobs and boost transatlantic trade.

“The UK is very well protected, you know why? Because I like them, that’s why,” Trump added.

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