America's 'Smartest Minds' Will Be Beckoned to Australia: Jagadish
The Australian Academy of Science says the country has an unparalleled opportunity to attract talent leaving the United States amid Trump's foreign student visa crackdown. The academy's president, Chennupati Jagadish talks about the opportunities for Australia on "Bloomberg: The Asia Trade." (Source: Bloomberg)
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Yahoo
14 minutes ago
- Yahoo
East Africa Metals Announces Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2025) - East Africa Metals Inc. (TSXV: EAM) ("East Africa Metals" or the "Company") is pleased to announce a non-brokered private placement to raise gross proceeds of CAD$5,522,000 through the sale of 50,200,000 common shares at the price of CAD$0.11 per share. The private placement involves an investment by a strategic investor, reflecting confidence in the Company's African assets and growth prospects. On closing, the investor will hold approximately 19.9% of the issued and outstanding shares of the Company. All securities issued will be subject to a four-month hold period from the date of issuance. The Company plans to allocate the proceeds from the private placement toward advancing its projects in both Ethiopia and Tanzania, legal, accounting, marketing and general working capital purposes. No commissions or finder's fees will be paid by the Company in connection with the private placement. The private placement remains subject to approval by the TSX-V. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the United States Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About East Africa Metals The Company's principal assets include a 30% Net Profits Interest in the Mato Bula and Da Tambuk mines (collectively "Adyabo Property") and a 70% project interest in the Harvest polymetallic VMS Exploration Project in the Tigray Region of Ethiopia. In addition, the Company has a 30% Net Streaming Interest in the Magambazi Mine in the Tanga Region of Tanzania. EAM has invested US$66.8M in African exploration since 2005 and has identified a total of 2.8 million ounces of gold and gold-equivalent resources representing an average discovery cost per ounce of US$24. More information on the Company can be viewed at the Company's website: For further information contact:Nick Watters, Business DevelopmentTelephone +1 (604) 488-0822Email investors@ Cautionary Statement Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified using forward-looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimate", "forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should", "indicate" or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by East Africa as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of East Africa to be materially different from those expressed or implied by such forward-looking information, including but not limited to: timing of receipt of mining permit; timing of mining development; projected heap leach recoveries ; early exploration; the closing of the agreement with the exploration and development company to advance the Magambazi Project or identify any other corporate opportunities for the Company; mineral exploration and development; metal and mineral prices; availability of capital; accuracy of East Africa's projections and estimates, including the initial mineral resource for the Adyabo, Harvest and Magambazi Properties; interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; foreign taxation risks; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; the speculative nature of strategic metal exploration and development including the risks of diminishing quantities of grades of reserves; contests over title to properties; and changes in project parameters as plans continue to be refined, as well as those risk factors set out in in East Africa's management's discussion and analysis for the three months and nine months ended December 31, 2024 and for the year ended March 31, 2024, and East Africa's listing application dated July 8, 2013. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The contained gold, copper and silver figures shown are in situ. No assurance can be given that the estimated quantities will be produced. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the timely closing of the financing; the ability of East Africa's operating partner in Tanzania to reactivate the mining operations at Magambazi or the success of East Africa to recover the Magambazi project from the operating partner and engagement of new operating partners; the price of gold, silver, copper and zinc; the demand for gold, silver, copper and zinc; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective manner; the renewal or extension of exploration Licenses; the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although East Africa has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company does not update or revise forward looking information even if new information becomes available unless legislation requires the Company do so. Accordingly, readers should not place undue reliance on forward-looking information contained herein, except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Not for Distribution or Dissemination in The United States or to U.S. Newswire Services To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNN
15 minutes ago
- CNN
Federal appeals court refuses to lift ruling halting mass layoffs at Department of Education
A federal appeals court declined on Wednesday to lift a judge's ruling that blocked the Trump administration from effectively shutting down the Department of Education. The unanimous decision from the 1st US Circuit Court of Appeals is another significant legal setback for President Donald Trump, whose efforts to rapidly shrink the federal government – including through dismantling entire agencies – have been tied up in numerous court challenges. Cutting the Department of Education has been of particular interest to Trump in his second term. Earlier this year, he moved ahead with mass layoffs at the agency, which is tasked with distributing federal aid to schools, managing federal aid for college students and ensuring compliance with civil rights laws. The administration, 1st Circuit Chief Judge David Barron wrote for the panel, has not 'shown that the public's interest lies in permitting a major federal department to be unlawfully disabled from performing its statutorily assigned functions.' The court also said that the administration had not demonstrated that it was likely to ultimately win in the case, with Barron writing that Justice Department attorneys had not put forth evidence showing how the widespread layoffs at the department would not prevent it from carrying out its core functions. Last month, US District Judge Myong Joun of the federal court in Boston indefinitely halted Trump's plans to dismantle the agency and ordered the administration to reinstate employees who had been fired en masse. The ruling came in a lawsuit brought by a teachers' union, school districts, states and education groups. Noting that the department 'cannot be shut down without Congress's approval,' Joun, an appointee of former President Joe Biden, said that the planned layoffs at the agency 'will likely cripple' it. 'The record abundantly reveals that Defendants' true intention is to effectively dismantle the Department without an authorizing statute,' he wrote in the 88-page ruling. Attorneys for the Department of Justice quickly asked the Boston-based appeals court to pause Joun's ruling while they appealed it, writing in court papers that it 'represents an extraordinary incursion on the Executive Branch's authority to manage its workforce.' 'Beyond that, it requires the government to indefinitely retain and pay employees whose services it no longer requires, and the government cannot recoup those salaries if it prevails on appeal,' the DOJ attorneys wrote.
Yahoo
16 minutes ago
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Trump administration signals it will slash funds for long-delayed California high-speed rail project
LOS ANGELES (AP) — The Trump administration signaled Wednesday that it intends to cut off federal funding for a long-delayed California high-speed rail project plagued by multibillion-dollar cost overruns, following the release of a scathing federal report that concluded there is 'no viable path' to complete even a partial section of the line. Voters first authorized $10 billion in borrowed funds in 2008 to cover about a third of the estimated cost, with a promise the train would be up and running by 2020. Five years beyond that deadline, no tracks have been laid and its estimated price tag has ballooned to over $100 billion. In a letter to the California High-Speed Rail Authority, which oversees the project, Federal Railroad Administration acting Administrator Drew Feeley wrote that what was envisioned as an 800-mile system connecting the state's major cities has been reduced to a blueprint for 'a 119-mile track to nowhere.' After a $4 billion federal investment, the California agency 'has conned the taxpayer ... with no viable plan to deliver even that partial segment on time,' Feeley wrote. State officials defended what's known as the nation's largest infrastructure project and said they remain committed to construction, though it's not clear what funding would replace the federal support if it's withdrawn. Feeley noted the FRA could seek repayment of the federal funds but is not proposing to claw back those dollars at this time. Carol Dahmen, the state authority's chief of strategic communications, said in a statement that the federal conclusions are misguided and 'do not reflect the substantial progress made to deliver high-speed rail in California.' Dahmen noted that the majority of the funding for the line has been provided by the state and that Democratic Gov. Gavin Newsom's budget proposal would extend at least $1 billion a year for 20 years to complete an initial segment of the line. State officials are focused on a stretch connecting the Central Valley cities of Bakersfield and Merced, which is set to be operating by 2033. The state agency has about a month to formally respond to the FRA, after which the grants could be terminated. State Sen. Tony Strickland, a Republican from Huntington Beach who is vice chair of the Transportation Committee, said that 'commonsense has prevailed" and urged the Legislature's dominant Democrats to redirect the funds from the rail line to lowering gas prices or investing in viable construction projects. 'Let's stop wasting California's hard-earned taxpayer dollars,' Strickland said. There is no known source for the billions of dollars that would be needed to complete the line. California High-Speed Rail Authority CEO Ian Choudri suggested in April that private investors could step in and fill the funding gap for the project that promised nonstop rail service between San Francisco and Los Angeles in under three hours. At the time, he acknowledged that even if funding is secured, it might take nearly two more decades to complete most of that segment. President Donald Trump said in May that his administration will not continue to fund the line. 'That train is the worst cost overrun I've ever seen,' Trump told reporters at the time, calling it "totally out of control.' Michael R. Blood, The Associated Press Inicia sesión para acceder a tu portafolio
