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U.S. crude tops $100 and the S&P 500 approaches correction as Iran war enters second month

Business 3 Mins Read

Global oil prices continued their recent climb and the S&P 500 closed lower Monday after a weekend when Iran-backed Houthi militants launched ballistic missiles at Israel and 3,500 additional U.S. troops arrived in the Middle East.

The conflict between Iran, the U.S. and Israel has entered its second month, with disruptions to oil and other energy and commodities supplies starting to reverberate around the world.

Brent crude oil, the global benchmark, gained 1.5%, to more than $114 a barrel, while U.S. West Texas Intermediate crude climbed almost 5%, to about $104 a barrel, settling above $100 for the first time since 2022.

Rising oil prices are one of the more immediate consequences of the war. Average U.S. gasoline prices hit $3.99 a gallon Monday, according to AAA, the highest since the summer of 2022. Patrick De Haan, chief analyst at Gas Buddy, projected Monday afternoon they would rise to $4 within 24 hours as the average price of gasoline in Florida surged to $4.29.

De Haan estimates that U.S. drivers will soon have spent an additional $10 billion on gasoline since the conflict began just one month ago.

The S&P 500, one of the broadest measures of stocks, fell 0.4% Monday and is now within less than a full percentage point of having declined 10% since its most recent high in January. The tech-focused Nasdaq Composite Index is already in correction territory, down more than 13% from its October high.

Some investors have begun to question President Donald Trump’s ability to reassure financial markets without material progress on the ground.

Investors also increased their purchases of U.S. government bonds Monday over fears of an economic slowdown, sending bond yields lower and dragging down stocks.

Traders now believe higher oil prices may put a damper on overall demand for goods and services.

Bloomberg News reported that U.S. officials and Wall Street analysts have begun considering the prospect that oil prices could surge to as much as $200 a barrel as the largest oil shock in decades continues to reverberate.

That prospect has led analysts to project a global economic slowdown that would hit a U.S. economy already facing suddenly higher gasoline prices.

Earlier Monday, Trump said “great progress has been made” in talks with Iran. At the same time, he threatened to destroy Iran’s civilian energy and water infrastructure if a deal to end the war and reopen the crucial Strait of Hormuz is not reached soon.

Tehran has said U.S. proposals were “unrealistic” and “unreasonable.”

“I think we’ll make a deal with them, pretty sure, but it’s possible we won’t,” Trump told reporters late Sunday. He later said a deal could come “soon.”

Trump also said that Iran “gave us most” of a 15-point plan the U.S. sent Tehran to end the war, which Iran has yet to publicly confirm, and that 20 boatloads of oil — on top of 10 the previous week — will be passing through the Strait of Hormuz beginning Monday “out of a sign of respect.”

Trump separately told the Financial Times on Sunday that an Iran deal could be made “fairly quickly” and that he wants to “take the oil in Iran.”

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Business

The world economy is experiencing the most severe oil shock in decades. The worst could still be on the way.

Business 2 Mins Read

Surging oil prices continue to ripple through the global economy because of the war with Iran. Now, some analysts say the worst could still be ahead as the conflict drags on.

The concern is that beyond immediate knock-on effects from rising gasoline prices, the war’s disruption could come in waves — ones that will play out over weeks and months and leave few parts of the global economy untouched.

“We haven’t seen the brunt of it yet,” said Samantha Gross, director of energy security and climate at the Brookings Institute. “I feel like markets are so far underestimating the effect of the war. It seems that they expect this war to go quickly, and they expect that we can go back to the world before when it’s over. And I don’t think either of those ideas is true.”

The warning signs are already here. The global oil price benchmark, Brent crude — which heavily influences U.S. gasoline prices — briefly topped $119 a barrel last week, the highest since the war began and a level last seen in July 2022 amid the pandemic-era inflation wave. As of Monday, Brent prices had settled at about $113 a barrel.

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Business

A global jet fuel shortage is raising the cost of air travel

Business 5 Mins Read

American flyers still smarting from interminable airport security lines are about to get another shock.

A looming global jet fuel shortage is expected to hike the cost of air travel and reduce flight schedules, as airlines look to offset rising prices.

On Monday, JetBlue announced it was raising baggage fees, citing “rising operating costs.”

“While we recognize that fee increases are never ideal, we take careful consideration to ensure these changes are implemented only when necessary,” the carrier said.

United Airlines CEO Scott Kirby said costs to passengers have already been increasing. Data from flight information group OAG shows average airfares in the past week reached $465, the highest price point for the same period since at least 2019.

“We have to raise prices to deal with higher fuel prices,” Kirby acknowledged at a company event last week in Los Angeles. In a subsequent memo, he added: “It may be a challenge to continue passing through much of the increased fuel price if oil stays higher for longer.”

The rising prices are the latest example of the economic fallout from the war with Iran. Analysts have started warning that the full toll has only begun to be accounted for as the global economy absorbs the loss of critical energy exports out of the region due to the closure of the Strait of Hormuz and damage to other key energy infrastructure sites in the region. On Tuesday, U.S. gasoline prices hit $4 a gallon for the first time since 2022 amid surging oil prices. Major stock indexes, meanwhile, have fallen by nearly 10% since the start of the war.

In the case of air travel, the industry is facing jet fuel prices that have surged 85% in the U.S. since the day before the war began in February, according to data from Argus published by the industry group Airlines for America. On Monday, they hit a record $4.62 a gallon.

Most U.S. carriers no longer hedge fuel costs, said Henry Harteveldt, president of Atmosphere Research Group. So they are forced to pass on some costs to passengers.

While U.S. carriers largely source jet fuel domestically, countries in Asia and Europe that are more reliant on Middle East stocks have begun signaling they are taking unprecedented measures to conserve jet fuel. In South Korea, carriers have requested that the government help redirect fuel stocks bound for export back to local markets.

The Financial Times reported Monday that the U.K. was also facing an acute shortage, with no Britain-bound cargoes visible on the water as transit through the Strait of Hormuz remains blocked. Some foreign carriers have begun charging fuel surcharges of as much as $150.

As overseas carriers begin looking to alternative supply bases, the cost for a global commodity like jet fuel rises across the board.

“It shocks the entire mechanism,” said Jaime Brito, an executive director at Oil Price Information Service consultancy.

President Donald Trump commented on the jet fuel shortages Tuesday morning, though he did not mention their impact on U.S. travelers.

“All of those countries that can’t get jet fuel because of the Strait of Hormuz, like the United Kingdom, which refused to get involved in the decapitation of Iran, I have a suggestion for you: Number 1, buy from the U.S., we have plenty, and Number 2, build up some delayed courage, go to the Strait, and just TAKE IT,” he wrote on Truth Social.

Airlines are also signaling capacity cuts to cope with rising costs. United will drop about 5% of planned flights in mostly “off-peak periods” — like red-eye and midweek routes — during the second and third quarters of 2026 to further mitigate the cost increases.

“We’re certainly going to be nimble in terms of capacity to make sure that supply and demand stay in balance,” American Airlines CEO Robert Isom said at a JPMorgan conference earlier this month.

Kyle Potter, executive editor of the Thrifty Traveler, said most carriers have quietly been raising airfares since the Iran war began. He said airlines typically move in droves when making pricing decisions, so it is likely that other carriers may also soon begin raising baggage fees or seek other forms of ancillary revenue. Potter noted that unlike airfares, revenues from these fees are not subject to federal excise taxes.

As a result, the fees — unlike airfares — are unlikely to come back down assuming jet fuel prices recover.

Representatives for five other major U.S. carriers did not respond to a request for comment.

The acute fuel price increase comes as air travel demand has remained steady, with January and February ticket sales at or near records. While investors have taken airline stocks down some 25% since the start of the Iran war, Kirby said that customers appear willing to keep booking thanks to healthy demand even if airfare rises.

“The number of wealthy Americans who are traveling is bigger and wealthier than ever, and that is what much of the airline industry is relying on right now,” Potter said. “And that means they’re more immune to higher fees, higher fares and just getting turned off by negative news about travel.”

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Business

Trump says his ‘preference’ would be to ‘take the oil in Iran’

Business 2 Mins Read

President Donald Trump said Sunday that he would like to “take the oil in Iran” and is considering seizing the export hub of Kharg Island, which is responsible for more than 90% of Iran’s oil exports.

In an interview with the Financial Times, Trump said his “preference would be to take the oil.”

“To be honest with you, my favorite thing is to take the oil in Iran but some stupid people back in the U.S. say: ‘Why are you doing that?’ But they’re stupid people,” he said.

The interview marks some of Trump’s most direct comments about his thinking on what to do with Iran’s oil.

In an interview with NBC News this month, Trump sidestepped answering whether he had plans to try to take Iran’s oil.

“You look at Venezuela,” he said. “People have thought about it, but it’s too soon to talk about that.”

In January, the U.S. captured Venezuelan leader Nicolás Maduro and proceeded to take more control over the country’s oil industry.

The White House did not immediately respond to a request for comment Sunday night.

Trump told the Financial Times on Sunday that the U.S. has “a lot of options,” including potentially taking Kharg Island, a rare island made of hard coral off Iran.

“Maybe we take Kharg Island, maybe we don’t. We have a lot of options,” Trump said. “It would also mean we had to be there [in Kharg Island] for a while.”

Oil prices have skyrocketed around the globe as the war continues, with U.S. crude oil costing over $100 a barrel Sunday.

Thousands more U.S. troops are heading to the Middle East, with the USS Tripoli arriving on Saturday as part of a complement of 3,500 troops. But Trump and his administration continue to signal that they are working to negotiate a 15-point proposal to end the war.

Trump declined Sunday to offer specific details about whether a ceasefire deal could be reached in the coming days to reopen the Strait of Hormuz, a critical waterway used to move about 20% of the world’s oil exports.

“We’ve got about 3,000 targets left — we’ve bombed 13,000 targets — and another couple of thousand targets to go,” Trump said in the Financial Times interview. “A deal could be made fairly quickly.”

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Politics

Alcatraz could reopen as a ‘state-of-the-art secure prison’ under Trump’s $152M budget request

Politics 2 Mins Read

The White House on Friday requested $152 million to begin reopening Alcatraz as an operational prison.

The funding proposal, included in the Trump administration’s fiscal year 2027 budget request, would cover the initial phase of rebuilding the long-closed facility into what officials describe as a “state-of-the-art secure prison facility.”

Congress will ultimately decide whether to approve the funding.

NEW ICE DETENTION FACILITY ‘LOUISIANA LOCKUP’ OPENS AT NOTORIOUS PRISON

President Donald Trump first pushed the idea last year, directing the Bureau of Prisons, the Department of Justice and other federal agencies to reopen and expand Alcatraz to detain what he called America’s “most ruthless and violent offenders.”

“REBUILD, AND OPEN ALCATRAZ!” the president said in a Truth Social post last May. “For too long, America has been plagued by vicious, violent, and repeat Criminal Offenders, the dregs of society, who will never contribute anything other than Misery and Suffering.

Located in San Francisco Bay, Alcatraz has been closed since 1963 and currently operates as a popular tourist destination under the National Park Service.

Former House Speaker Nancy Pelosi, D-Calif., slammed the proposal in a post on X on Friday.

TRUMP 2027 BUDGET PREVIEW HINTS AT SWEEPING SCALE-UP IN CORE AGENDA

“Rebuilding Alcatraz into a modern prison is a stupid notion that would be nothing more than a waste of taxpayer dollars and an insult to the intelligence of the American people,” Pelosi wrote. “Alcatraz is a historic museum that belongs to the public, and San Franciscans will not stand for Washington turning one of our most iconic landmarks into a political prop.”

Originally opened as a federal prison in 1934, Alcatraz was widely considered one of the most secure facilities in the country.

The prison once housed notorious criminals including mob boss Al Capone.

EXCLUSIVE: TRUMP ADMINISTRATION EYES ALCATRAZ REOPENING TO HOUSE NATION’S ‘WORST OF THE WORST’

Alcatraz first served as a military prison in the 1850s. At its peak, the facility held more than 300 inmates, along with staff and their families.

Despite its reputation, Alcatraz was ultimately shut down because of high operating costs.

According to the Bureau of Prisons, it was nearly three times more expensive to run than other federal prisons at the time.

The White House and the Bureau of Prisons did not immediately respond to Fox News Digital’s request for comment.

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Investing

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

Investing 11 Mins Read

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

Strategic Highlights from Portal Sector

Drill Hole Results (Figures 1 to 4)

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

Significance for Investors

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

Next Steps

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

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

Table 1: Drill hole best assay results from Portal Sector

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

≈110

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

≈25

 NS
Including 29.0 30.0 1.0 5.8
Including 30.0 31.2 1.2 7.6

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

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

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

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

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

Portal Sector

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

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

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

Milestones of 2025-2027 Exploration Program

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

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

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

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

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

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

Preliminary Economic Assessment (2026)

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

Table 2: Drill hole collar coordinates from Portal Sector

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

Table 3: Drill hole detailed assay results from Portal Sector

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

≈80

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

≈125

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

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

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

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

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

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

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

 NS
Including 29.0 30.0 1.0 5.8
Including 30.0 31.2 1.2 7.6

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

Quality Assurance and Quality Control (QA/QC) Program

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

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

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

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

Qualified Person

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

About Cadillac Project

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

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

About Cartier Resources Inc.

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

For further information, contact:

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

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

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

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

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Investing

Summit Royalties Announces Agreement to Acquire Royalty on Newmont’s Saddle North Deposit

Investing 8 Mins Read

Summit Royalties Ltd. (TSXV: SUM,OTC:SUMMF, OTCQB: SUMMF) (the ‘Corporation’ or ‘Summit’) is pleased to announce that it has entered into an agreement to acquire a 1.0% net smelter return (‘NSR’) royalty on the Saddle North deposit (‘Saddle North’) owned by Newmont Corporation (‘Newmont’) for consideration of C$5 million paid in shares of Summit (‘Common Shares’). The acquisition is subject to conditions precedent which are customary for a transaction of this nature. Subject to satisfaction of conditions precedents, Summit expects to complete the acquisition in the near future.

‘We are excited to announce this proposed acquisition of a large, high-quality royalty on Newmont’s Saddle North project,’ commented Drew Clark, President and CEO of Summit. ‘The acquisition of the Saddle North royalty is highly accretive on a net asset value per share basis and provides exposure to a large gold-copper deposit under the stewardship of the world’s largest gold producer. Having royalty coverage on a porphyry target that boasts nearly 9 Moz of gold and 4.8 Blbs of copper supports our mandate of providing Summit shareholders with high-quality precious metals exposure, and we are excited to have Newmont as the operator of the underlying asset as we continue to build our company on an accretive per-share basis.’

Transaction Key Terms

  • Royalty Interest: 1% NSR royalty on the Saddle North deposit
  • Owner/Operator: Saddle North is owned by Newmont Corporation
  • Consideration: C$5 million, to be paid in 2,832,861 Common Shares at a deemed price of $1.765 per Common Share, being the 20-day weighted average price of the Common Shares as of the date of the royalty purchase agreement for the NSR
  • Buyback Option: Newmont may repurchase 50% of the NSR royalty for C$750,000 at any time during the five-year period commencing on the date Saddle North is put into commercial production
  • Mineral Resource: The Saddle North Technical Report (as defined herein) reported indicated resources containing approximately 3.47 Moz Au and 1.81 Blbs Cu and inferred resources containing approximately 5.46 Moz Au and 2.98 Blbs Cu(1)

Saddle North is a gold-rich copper porphyry deposit located in the Golden Triangle in northwest British Columbia, Canada. Newmont acquired Saddle North in 2021, prior to which Saddle North was owned by GT Gold Corp., which published a maiden mineral resource estimate for the project in 2020 (see Saddle North Technical Report (as defined herein)). The maiden mineral resource estimate in the Saddle North Technical Report includes 1.81 Blbs of copper and 3.47 Moz of gold contained in indicated mineral resource category, and 2.98 Blbs of copper and 5.46 Moz of gold contained in the inferred mineral resource category. Mineralization at Saddle North remains open at depth and to the northwest and southeast, while additional upside potential exists from near-mine exploration success.(1)

Saddle North is located in a top-tier mining jurisdiction in the Golden Triangle, with strong access to existing infrastructure, power, and a capable workforce.(1) Saddle North is situated near the Red Chris mine, which is currently operated by Newmont.

Saddle North Resources(1)

      Grade
 		    Contained
    Tonnes Cu Au Ag Cu Au Ag
  Category (Mt) (%)
 		(g/t) (g/t) (Mlbs) (Koz) (Koz)
O/P Indicated 217 0.25% 0.29 0.65 1,177 2,014 4,550
Inferred 254 0.22% 0.24 0.53 1,232 1,956 4,350
Total 471 0.23% 0.26 0.59 2,409 3,970 8,900
U/G Indicated 81 0.35% 0.56 1.16 635 1,457 3,030
Inferred 289 0.27% 0.38 0.78 1,750 3,499 7,290
Total 370 0.29% 0.42 0.87 2,385 4,956 10,320
Total Indicated 298 0.28% 0.36 0.79 1,809 3,471 7,580
Inferred 543 0.25% 0.31 0.67 2,982 5,455 11,640
Total 841 0.26% 0.33 0.71 4,791 8,926 19,220


Notes:

(1) Scientific and technical information regarding Saddle North in this news release has been derived from, and is supported by, the technical report titled ‘NI 43-101 Technical Report on the Saddle North Copper-Gold Project, Tatogga Property’ dated August 20, 2020 (with an effective date of July 6, 2020), which was prepared for GT Gold Corp. by Richard Flynn, P.Geo, Next Mine Consulting (the ‘Saddle North Technical Report’). Readers are encouraged to review the full text of the Saddle North Technical Report for the assumptions, qualifications and limitations contained therein, which is available on SEDAR+ (www.sedarplus.ca) under GT Gold Corp.’s issuer profile.
   

About Summit Royalties Ltd.

Summit Royalties Ltd. is a precious metals royalty and streaming company. Its current portfolio is anchored by cash-flowing production with additional royalties on advanced development- and exploration-stage properties. Summit’s mandate is to build its portfolio on a disciplined, per-share accretive basis through royalty and streaming acquisitions that deliver high-quality precious metals exposure and long-term cash flow growth. The Corporation has no debt and has sufficient cash on hand for future acquisitions. The Corporation’s registered office is located at One First Canadian Place, Suite 3400, Toronto, ON, M5X 1A4.

ON BEHALF OF THE BOARD OF DIRECTORS OF Summit Royalties Ltd.

Drew Clark
President and Chief Executive Officer
Summit Royalties Ltd.

For more information, contact:

Connor Pugliese, Vice President, Corporate Development
info@summit-royalties.com
+1 (289) 380-1960

Follow Summit Royalties:

Linkedin: https://www.linkedin.com/company/Summit-Royalties
X: https://x.com/SummitRoyalties

Technical and Third-Party Information

Information regarding Saddle North in this news release is based on information publicly disclosed by the current or former owners or operators of Saddle North and information available in the public domain as at the date hereof. Such information has not been independently verified by the Corporation. Although the Corporation does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate.

Qualified Person

Scientific and technical information contained in this news release has been reviewed and approved by Richard Breger, who is independent of the Corporation and a ‘qualified person’ within the meaning of NI 43-101 – Standards of Disclosure for Mineral Projects.

Forward-looking Statements

Certain statements contained in this news release may be deemed ‘forward‐looking statements’ within the meaning of applicable Canadian securities laws. These forward‐looking statements, by their nature, require the Corporation to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward‐looking statements. Forward‐looking statements are not guarantees of performance. Words such as ‘may’, ‘will’, ‘would’, ‘could’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘intend’, ‘estimate’, ‘continue’, or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward‐looking statements. Information contained in forward‐looking statements, including with respect to, the completion of acquisition of the NSR royalty on timing anticipated (or at all); the ability of Summit and the vendors to satisfy the conditions precedent to the acquisition (if at all); the repurchase of Summit’s NSR royalty by Newmont and the corresponding payment and reduction of the NSR royalty; the impact of acquiring the NSR royalty on Saddle North on Summit’s portfolio of precious metals royalties and stream; the commercial production of Saddle North; the mineral resource estimates for Saddle North; the Corporation’s ability to build its portfolio on a disciplined, per-share accretive basis through royalty and streaming acquisitions that deliver high-quality precious metals exposure and long-term cash flow growth; and the Corporation having sufficient cash on hand for future acquisitions, are based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, current information available to the management of the Corporation, as well as other considerations that are believed to be appropriate in the circumstances. The Corporation considers its assumptions to be reasonable based on information currently available, but cautions the reader that its assumptions regarding future events, many of which are beyond the control of the Corporation, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect the Corporation and its businesses.

For additional information with respect to these and other factors and assumptions underlying the forward‐looking statements made in this news release concerning the Corporation, see the section entitled ‘Risks and Uncertainties’ in the most recent management discussion and analysis of Summit which is filed with the Canadian securities commissions and available electronically under the Corporation’s issuer profile on SEDAR+ (www.sedarplus.ca). In addition, in respect of the scientific and technical information derived from the Saddle North Technical Report, such information is subject to the parameters, assumptions and qualifications as outlined in the Saddle North Technical Report. The forward‐ looking statements set forth herein concerning the Corporation reflect management’s expectations as at the date of this news release and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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Politics

Mike Rowe doubles down after blasting Kimmel’s ‘tone-deaf’ plumber jokes

Politics 4 Mins Read

After being scorned on social media, “Dirty Jobs” television show veteran Mike Rowe doubled down on his criticism of Jimmy Kimmel’s “tone deaf” monologues mocking new Homeland Security Secretary Markwayne Mullin for being a former plumber.

Rowe said he had not noticed his post about late-night host Kimmel “belittling plumbers” had gone viral, because he had been too busy working.

“I want to apologize for not responding to any of the 22 thousand comments my last post inspired,” he wrote. “I’ve been filming all week and just noticed my observations about Jimmy Kimmel and a former plumber named Markwayne Mullin have gone viral.”

Rowe said that Kimmel’s digs at Mullin for being a former plumber are evidence of “longstanding stigmas and stereotypes” against blue-collar skilled trade workers as “uneducated, one-dimensional workers who never made it to college.”

LATE-NIGHT HOST JIMMY KIMMEL SHOWS UP TO ‘NO KINGS’ PROTEST WITH KIDS, HOLDS ‘ENOUGH ALREADY’ SIGN

“I did not suggest – even remotely – that a plumber was inherently qualified to hold a cabinet position,” he wrote on X. “What I said was that being a plumber should not disqualify a person from holding such a position.”

Kimmel, a regular critic of the Trump administration, was recently criticized as elitist for using Mullin’s prior experience as a plumbing business owner as evidence that he is unqualified to lead the Department of Homeland Security. 

“Trump’s got a whole new generation of thinkers lined up, including his newly confirmed secretary of Homeland Security, Markwayne ‘Chuck Mike Bruce Dave’ Melon — Mullin. Maybe Melon’s better,” Kimmel said on air March 24. “He’s the now former senator of Oklahoma. Before he was elected to the Senate, Markwayne Mullin was a low-level MMA fighter and a plumber. That’s right. We have a plumber protecting us from terrorism now. It worked for Super Mario. Why not Markwayne?”

He continued, “But honestly — I mean, if Trump is going to keep picking these unqualified people to run the department, why not have more fun with it? I mean, next time, instead of Markwayne, how about Lil Wayne for Homeland Security? At least we can get a concert out of it, right?”

Kimmel later doubled down, saying, “I’m not upset that the head of Homeland Security used to be a plumber. I’m upset that he isn’t still a plumber.”

JIMMY KIMMEL REFUSES TO BACK DOWN AFTER MOCKING SECRETARY MULLIN OVER PLUMBING BACKGROUND

Rowe had ripped late-night host Kimmel for the dig, saying he took offense at the “suggestion that skilled workers should never evolve into something new.” 

He asked if Mullin’s career progression from plumbing business owner to Congress and then to a top Cabinet official is “not the embodiment of the American Dream?”

On Friday, he wrote that stereotypes reinforced by jokes like Kimmel’s are contributing to a critical shortage of American skilled laborers. 

“Reasonable people can disagree as to what is funny and what isn’t. Frankly, I couldn’t care less. What I do care about,” he wrote, “is the extraordinary shortage of plumbers and electricians our country is facing, and the longstanding stigmas and stereotypes that continue to discourage people from considering a lucrative career in the skilled trades.”

“Jimmy’s joke – and his audience’s reaction to it,” wrote Rowe, “is proof positive that those stigmas and stereotypes are alive and well.”

JIMMY KIMMEL’S TRUMP, MELANIA DIGS AT OSCARS ‘FELL FLAT’ WITH CRITICS

Digging even deeper, Rowe asked, “What do their credentials and diplomas have to do with their actual competency? Are we not already surrounded by a legion of perfectly qualified experts who don’t know what the hell they’re doing?”

“Jimmy is entitled to his opinion, along with anyone else who believes that Mullin is unqualified to lead the DHS,” he wrote on X. “The Constitution, however, says otherwise, and so does the Senate.” 

Rowe, who runs a nonprofit promoting skilled labor careers called the mikeroweWORKS Foundation, concluded by encouraging people to launch a career in the skilled trades, saying, “Who knows? Could be the first step on your road to President.”

Fox News Digital reached out to spokespeople for Kimmel for comment. 

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Investing

Harvest Gold Expands Its Mosseau Property Along Strike To The North And South Adding 24 Claims And 8 Additional Mineral Showings

Investing 7 Mins Read

(TheNewswire)

 

Vancouver, British Columbia / March 12, 2026 ‑ TheNewswire – Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (‘Harvest Gold‘ or the ‘Company‘) is pleased to announce that it has entered into definitive agreements (the ‘Agreements‘) to acquire 24 additional mineral claims covering 1,356 hectares (the ‘Claims‘) from two separate arm’s length prospector groups in the Urban Barry Greenstone Belt of Quebec.

The block of six (6) claims and four (4) claims to the south are underlain by the Kiask River Deformation Zone and, when combined with Harvest Gold’s LaBelle property, provide continuous coverage over approximately 33 kilometres of strike length of favourable geology south of the Wilson intrusion (see Figure 1).


Click Image To View Full Size

Figure 1: Newly Acquired Mineral Claims

With this acquisition, Harvest Gold’s land position in the highly prospective Urban Barry Greenstone Belt now totals 401 mineral claims covering 21,372.81 hectares and over 50 kilometres of strike length of favorable and potentially mineralized structures, strategically located within the Urban Barry Greenstone Belt (See Figure 2).

 

Rick Mark, President and CEO of Harvest Gold, states: ‘This expansion enhances our strategic footprint in the Urban Barry Greenstone Belt. Importantly, it connects Mosseau and LaBelle and now covers the entirety of the Kiask River Deformation Zone. Historical results and surface showings from only a small portion of the now expanded Mosseau property underscore the strong exploration potential across the largely underexplored, 100% owned land package.

 

Strategic Expansion of the Mosseau Project

The Claims acquired by Harvest Gold cover 1,356 hectares in the Urban Barry Greenstone Belt of Quebec. The Claims expand the Company’s Mosseau Project along strike, both to the north and south, incorporating areas of favourable geology with documented historical gold and base metal showings. Historical work documented in the government’s database (SIGEOM) has outlined five (5) additional mineral showings in the north part of the Mosseau property, extending into the Toussaint Deformation Zone and three (3) mineral showings to the south, adjoining the Mosseau and LaBelle properties (Figure 1).

Northern Showings within the Toussaint Deformation Zone include:

  • Domtar 116 (Blueberry): 4.4% Cu, 46.0 g/t Ag, 1.38 g/t Au over 0.18 m (DDH) 

  • Domtar 111 (Beehler Vein): 0.69 g/t Au, 3.09 g/t Ag, 0.22% Cu, 0.23% MoS₂ over 0.61 m (channel sample) and 1.4 g/t Au, 0.86% Cu (grab sample) 

  • Rivière Wilson: 1.0 g/t Au (grab sample) 

  • Verneuil-BV-92-01: 1.23 g/t Au over 0.27 m (DDH) 

  • Verneuil-Serem Est: 1.41 g/t Au over 1.5 m (DDH) 

Southern Showings – Kiask River Deformation Zone

  • Lac Labrie: 47.32 g/t Au over 0.3 m (DDH), 22.3 g/t Au over 0.9 m (DDH), 119.67 g/t Au (float sample) 

  • Labrie 2: 1.65% Zn, 1.11% Pb (grab samples) 

  • Lac Labrie SE: 2.06 g/t Au, 4.46 g/t Ag over 0.61m (DDH) 

The block of six (6) claims and Four (4) claims to the south are underlain by the Kiask River Deformation Zone and, when combined with Harvest Gold’s LaBelle property, provide continuous coverage over approximately 33 kilometres of strike length of favourable geology south of the Wilson intrusion The Audet-Robert claim blocks were purchased from Jean Robert, Les Explorations Carat, 9495-6976 Québec Inc. (the ‘Audet-Robert Vendors‘) and the Gaudreault claim block was purchased from Daniel Gaudreault (the ‘Gaudreault Vendor‘).

Transaction Terms – Audet-Robert Claim Blocks

As consideration for a 100% interest in the Audet-Robert claim blocks, Harvest Gold has agreed to provide the Audet-Robert Vendors with:

  • $60,000 in cash, with $30,000 payable upon receiving TSX Venture Exchange (the Exchange‘) approval to the transaction and $30,000 payable by June 30th, 2026; 

  • 750,000 common shares of the Company (the Shares‘), with one-half (1/2) of the Shares to be issued upon receiving Exchange approval to the transaction and one-half (1/2) of the Shares to be delivered by June 30th, 2026.  The Shares will be subject to a statutory resale restriction period of four months from the date of issuance of the Shares in accordance with Canadian securities laws. 

Transaction Terms – Gaudreault Claim Block

As consideration for a 100% interest in the Gaudreault claim block, Harvest Gold will provide the Gaudreault Vendor with $5,000 in cash.

No finder’s fees are payable in connection with the transactions.

The Agreements remain subject to regulatory approval by the Exchange.

NI 43-101 Disclosure – Historical Data

The historical exploration results referenced in this news release were completed by previous operators and have not been independently verified by Harvest Gold. Although the Company considers the historical work to be relevant and reliable, it has not completed sufficient work to verify these historical results and does not rely on them for the purposes of this disclosure. The historical information is presented solely to provide context for current exploration results and ongoing exploration planning.

The true widths of the reported historical drill and channel sampling intervals have not been determined. Grab samples are selective by nature and may not be representative of the overall mineralization on the Mosseau Project.

 

Qualified Person Statement

All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.

Mr. Martin has reviewed and verified the historical assay results reported in SIGEOM and has not identified any errors or omissions during the data verification process. The Company and Mr. Martin are not aware of any factors related to sampling or recovery that could materially affect the accuracy or reliability of the historical data disclosed herein.

About Harvest Gold Corporation

Harvest Gold is focused on exploring for near-surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.

Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 401 claims covering 21,372.81 ha, located approximately 45-70 km west of Gold Fields Limited’s – Windfall Deposit (Figure 2).

Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories.  Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.

Harvest Gold’s three properties, Mosseau, Urban-Barry and LaBelle, together cover over 50 km of favourable strike along mineralized shear zones.


Click Image To View Full Size

Figure 2: Project Location: Urban-Barry Greenstone Belt

 

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark
President and CEO
Harvest Gold Corporation

For more information please contact:

Rick Mark or Jan Urata
@ 604.737.2303 or info@harvestgoldcorp.com

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.

Forward Looking Information

This news release includes certain statements that may be deemed ‘forward looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold 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’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ 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 market prices, exploitation and exploration successes, and continued availability of capital and financing, 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 on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Copyright (c) 2026 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Business

Body found in Colombia amid search for missing U.S. flight attendant

Business 3 Mins Read

Colombian officials discovered a body Friday amid the search for a U.S. flight attendant who went missing in the country last weekend.

Medellin Mayor Federico Gutiérrez announced the discovery in a post on X, saying that “a lifeless body has just been found between the municipality of Jericó and Puente Iglesias,” in the northeast region of the South American country.

The mayor said the body was likely that of Eric Fernando Gutierrez Molina, a 32-year-old American Airlines flight attendant from Texas who vanished while out with colleagues in Medellín, Colombia, during a layover.

“There is a very high probability that it is this person. The lifeless body is being transported to legal medicine in Medellín for identification and recognition,” Gutiérrez wrote on X. “We express our solidarity to his family and friends. I have just personally delivered the painful news to his father, who is in Medellín.”

Gutiérrez also said authorities suspect foul play, adding that officials “have very clear leads on those responsible” and calling for those individuals to be sought through extradition.

The mayor said he informed the U.S. ambassador to Colombia of the discovery. The State Department did not immediately respond to a request for comment, nor did Gutierrez Molina’s family.

In a news briefing, Medellín Security Secretary Manuel Villa said Gutierrez Molina was in Colombia on business and was out in the city of Itagüí with two co-workers that he identified as a man and a woman. Gutierrez Molina and the man then left the first establishment to go to a second location with others, also in Itagüí.

“And from there, once they left, there has been no further information on the whereabouts of Eric,” Villa said. “The woman arrived at the hotel where she was staying. However, she arrived somewhat disoriented.”

Villa said law enforcement have determined through their investigation that Gutierrez Molina and the woman encountered individuals “with a history of committing theft under the influence of scopolamine.”

The investigation remains under investigation and national police are still deployed throughout the area, Villa said.

Gutierrez Molina’s sister, Mayra Gutierrez, said in a phone call earlier this week that her brother had been out with another crew member over the weekend. She said the family last heard from him in the early hours of Sunday and confirmed that he worked for American Airlines.

American Airlines did not immediately respond to a request for comment. In a statement earlier this week, the airline said it is “actively engaged with local law enforcement officials in their investigation and doing all we can to support our team member’s family during this time,” but did not mention Gutierrez Molina by name.

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