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Alaska News

After spending big on Donlin, billionaire sells stake in company with Ambler prospects

Billionaire investors John Paulson (left) and Thomas Kaplan (right) met with Alaska Gov. Mike Dunleavy in July 2025. Paulson and Kaplan are pushing the huge Donlin gold project in Western Alaska. Paulson recently sold his stake in another Alaska-focused company, Trilogy Metals, in which Kaplan also owns shares. (Office of the Governor)

Billionaire investor John Paulson made a splash in Alaska’s mining industry last year when he paid $800 million for a 40% stake in the huge Donlin gold project.

But while working to advance Donlin, Paulson quietly sold his position in a separate Alaska-focused company that soared in value after the Trump administration approved the Ambler Road.

That’s according to a recent filing with federal securities regulators from Paulson’s investment office, Paulson & Co.

The disclosure, first reported by Bloomberg, indicates that Paulson sold all of his nearly 9% stake in Vancouver-based Trilogy Metals between Oct. 1 and Dec. 31.

It was a much smaller investment than Paulson’s ownership of Donlin and a separate gold and antimony project that he has been pushing in Idaho. But the transaction is notable given the investor’s significant role in Alaska’s mining industry and his relationship with President Donald Trump.

The Trump administration said in October that it would pay some $35 million for 10% of Trilogy and approve the Ambler Road — a controversial state-proposed mining haul route in northern Alaska that’s viewed as critical to Trilogy’s mining plans. (Those plans are being advanced in partnership with an Australian company, South32.)

The announcement boosted Trilogy’s stock by more than 200%. Paulson sold his entire stake in the company, more than 14 million shares, within a few months, though his disclosure does not specify the exact date.

The shares would have surged in value from about $30 million to more than $100 million in October, when the stock price briefly climbed past $10 per share. But it has since dropped to around $4.00.

Paulson has not publicly discussed his divestment, and a spokesperson declined to comment. A Trilogy spokesperson also declined to comment.

Investors buy and sell shares in companies for any number of reasons, and Paulson’s move is not necessarily a sign that he soured on Trilogy’s potential, according to Ian Lange, a professor of economics and business at Colorado School of Mines.

“Could it be a reason? Sure. It could. We don’t know. But there are many other [possible] reasons,” Lange said.

Paulson may have sold the shares simply so he could focus more on other priorities, like Donlin, Lange said.

Other Trilogy shareholders, including longtime Alaska Native leader Willie Hensley, who’s also a board member of the company, disclosed gains of hundreds of thousands of dollars following the news of the Ambler Road’s approval and the government’s own investment.

Paulson initially made a name for himself, and a fortune, by betting against the housing market before the 2008 financial crisis.

Since then, he’s become known as a leading investor in companies developing gold mines, and for his ties to Trump: He hosted a Florida campaign fundraiser in 2024 and reportedly was a candidate to be secretary of the U.S. Department of the Treasury.

Donlin is Paulson’s biggest mining investment in Alaska. Beyond his direct stake in the project, he’s also a major investor in Novagold Resources, which owns the other 60% of Donlin and which Trilogy initially spun out from. And Paulson owns about 38% of another Alaska-focused company, International Tower Hill Mines, which aims to develop a gold deposit north of Fairbanks.

Meanwhile, another billionaire who’s heavily invested in Alaska’s mining industry, including in some of the same companies as Paulson, has kept his shares in Trilogy.

Investor Thomas Kaplan’s New York-based Electrum Group owns some 18.5% of the company — a stake worth more than $136 million, according to a recent securities filing by Kaplan’s firm.

Electrum also owns about $865 million in shares, or some 24%, of Novagold, the firm that’s pushing Donlin along with Paulson.

Both Donlin and the Ambler Road have generated vigorous debate locally and statewide. Supporters say the projects could create much-needed jobs and stimulate rural economies, while critics are concerned about impacts to the environment and traditional hunting and fishing.

Northern Journal contributor Max Graham can be reached at max@northernjournal.com. He’s interested in any and all mining related stories, as well as introductory meetings with people in and around the industry.

This article was originally published in Northern Journal, a newsletter from Nathaniel Herz. Subscribe at this link.

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Entertainment

Rosanna Arquette: I Don’t Believe Virginia Giuffre Died by Suicide

Reading Time: 3 minutes

Less than one year ago, Virginia Giuffre died by suicide.

However, given the key role that she played in Andrew Mountbatten-Windsor’s downfall and shining a light on Jeffrey Epstein’s crimes, some have called that into doubt.

Rosanna Arquette knew Giuffre in life.

And she has major doubts about her late friend’s April 2025 death. She is not alone.

Rosanna Arquette in September 2025.
Rosanna Arquette attends Netflix’s “Black Rabbit” New York Premiere at SVA Theater on September 16, 2025. (Photo Credit: Michael Loccisano/Getty Images)

‘I knew Virginia’

On Saturday, March 7, The Times of London published an interview with Rosanna Arquette.

The actress shared that she does not believe that Virginia Giuffre died by suicide.

“I knew Virginia,” she explained. “I don’t think she killed herself.”

In April 2025, Giuffre’s family announced her tragic death at 41.

She was, famously, perhaps the most prominent accuser of late sex-trafficking pedophile Jeffrey Epstein.

Virginia Giuffre in October 2019.
Michelle Licata and Virginia Giuffre attend the 2019 Women’s Media Awards at Mandarin Oriental on October 22, 2019. (Photo Credit: Ben Gabbe/Getty Images for Women’s Media Award)

In addition to personally knowing Giuffre, Arquette explained why she feels such a kinship with Epstein’s accusers.

Simply put, it’s because of her own experiences — different yet similar — as one of disgraced megaproducer Harvey Weinstein’s accusers.

“I had many conversations with the Epstein women,” Arquette shared.

“Those women are warriors right now,” she affirmed.

“And,” the actress then emphasized, “we need to protect them.”

Rosanna Arquette in late September 2025.
Rosanna Arquette attends the “Anemone” Red Carpet during the 63rd New York Film Festival at Alice Tully Hall, Lincoln Center on September 28, 2025. (Photo Credit: Dia Dipasupil/Getty Images for FLC)

‘I do not’

During the interview, Arquette received a direct question.

Does she believe that Giuffre died by suicide?

“I do not,” Arquette confirmed.

Despite the official ruling on the matter, she is not alone.

Giuffre’s father and her attorney have both publicly expressed doubts regarding Giuffire’s suicide.

'Nobody's Girl' book by Virginia Giuffre.
Posthumous memoir ‘Nobody’s Girl’ by Virginia Giuffre on display at Foyles Bookshop on October 21, 2025 (Photo Credit: Ming Yeung/Getty Images)

Whistleblowers and leakers have been killed by powerful, evil men before.

For that, look no further than the Panama Papers journalist who died from a car bomb after exposing corruption in her home country and abroad.

Of course, when Giuffre died, now ex-prince Andrew Mountbatten-Windsor was already in disgrace — and had also paid her an out-of-court settlement.

She had also received an out-of-court settlement from vile trafficker Ghislaine Maxwell.

One has to wonder what the motive might be, if someone were to kill her in April 2025. Revenge? It would be risky, to say the least.

Rosanna Arquette in October 2025.
Rosanna Arquette attends the “Desperately Seeking Susan” red carpet during the 20th Rome Film Festival at Auditorium Parco Della Musica on October 23, 2025. (Photo Credit: Vittorio Zunino Celotto/Getty Images)

Tragically, death by suicide does not always come with warnings

The sad reality is that survivors of monstrous crimes are sometimes subject to lifelong struggles with suicidal ideation.

Like any chronic disease, this can lower the quality of their life and end that life prematurely — no matter what they have going for them.

Many people who are themselves survivors of sexual assault and CSA (child sex-abuse) have urged the public to not circulate conspiracy theories about Giuffre’s death.

They have pointed out that most people who die by suicide do not show obvious signs, and go to great lengths to hide their private struggle from others.

We do not believe that Rosanna Arquette is attempting to stir the pot or turn her late friend into a meme, however. As someone who knew Giuffre in life, she is more than entitled to her beliefs now.

Rosanna Arquette: I Don’t Believe Virginia Giuffre Died by Suicide was originally published on The Hollywood Gossip.

​The Hollywood Gossip

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Entertainment

The Frozen Treat You Should Be Buying From Aldi, Not Costco, According To Customers

Despite their loyalties, even die-hard Costco fans agree: When it comes to a certain dessert, the taste and price of Aldi’s store-brand option is unbeatable.

​Mashed – Fast Food, Celebrity Chefs, Grocery, Reviews

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Sports Fox

2026 NCAA Men’s Basketball Tournament Automatic Bids Tracker

Conference tournaments are underway, the first sign that March Madness has arrived! Each of men’s college basketball’s 31 conference tournament champions earns an automatic berth to the 2026 NCAA Tournament, while the other 37 spots are awarded to at-large participants by the tournament’s selection committee. Follow along to see which teams have locked up an auto-bid thus far, as of March 13: This story will be updated throughout the week. Check back for updates.​Latest Sports News from FOX Sports

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Entertainment

Dak Prescott, Sarah Jane Ramos Abruptly Call Off Wedding: What’s Going On Here?

Reading Time: 3 minutes

It looks like Dak Prescott has officially called an audible.

The Dallas Cowboys quarterback has abruptly called off his wedding to Sarah Jane Ramos, which was set to take place in Italy next month.

News of the cancellation comes courtesy of an email sent out to the 250 guests who were expected to watch the couple exchange vows on April 10.

Sarah Jane Ramos and Dak Prescott attend Rao’s Restaurant and Fini’s Pizza 2025 Big Game Pop-Up powered by Clover on February 06, 2025 in New Orleans, Louisiana.
Sarah Jane Ramos and Dak Prescott attend Rao’s Restaurant and Fini’s Pizza 2025 Big Game Pop-Up powered by Clover on February 06, 2025 in New Orleans, Louisiana. (Photo by Erika Goldring/Getty Images for Fini & Rao’s Big Game Pop-Up)

“It is with heavy hearts that we privately inform our attendees that we have made the very difficult decision to cancel our wedding,” reads the email obtained by TMZ.

“We deeply apologize for any inconvenience this may cause you and we welcome your prayers.”

The message was signed, “Sarah Jane Ramos and Dak Prescott.”

Obviously, it’s always surprising when a couple calls off their wedding just one month before the big day.

But the news is especially shocking in this case:

Dak Prescott and Sarah Jane Ramos attend the Farrah Fawcett Foundation 2025 Tex-Mex Fiesta at The Rustic on October 30, 2025 in Dallas, Texas.
Dak Prescott and Sarah Jane Ramos attend the Farrah Fawcett Foundation 2025 Tex-Mex Fiesta at The Rustic on October 30, 2025 in Dallas, Texas. (Photo by Omar Vega/Getty Images for Farrah Fawcett Foundation)

Dak and Sarah have been dating for several years, and they welcomed a baby girl together in February of 2023.

They welcomed a second daughter in May of last year, and they’ve long been regarded as one of the sports world’s most solid couples.

So the abrupt cancellation of their nuptials is shocking news indeed.

And naturally, the rumor mill has already begun churning about speculation about the cause of the split is spreading like wildfire.

​”After securing a historic $240 million contract, Dallas Cowboys quarterback Dak Prescott and his fiancée, Sarah Jane Ramos, were supposed to be celebrating their upcoming April wedding,” one influencer on X (formerly Twitter) wrote today.

“​The rumor is that Dak spent the last few months pushing hard for a rock-solid prenup to protect his new bag, and she flat-out refused to sign it,” they continued, adding:

Dallas Cowboys quarterback Dak Prescott (R) and Sarah Jane Ramos arrive at the Sports Illustrated's SI The Party at Mardi Gras World on February 8, 2025 in New Orleans, Louisiana.
Dallas Cowboys quarterback Dak Prescott (R) and Sarah Jane Ramos arrive at the Sports Illustrated’s SI The Party at Mardi Gras World on February 8, 2025 in New Orleans, Louisiana. (Photo by Skip Bolen/Getty Images)

“That underlying tension finally boiled over into a massive screaming match right on the yacht, leading to the entire wedding being permanently shelved.”

The yacht referred to there is the one that Dak and Sarah partied on during their joint bachelor/bachelorette party earlier this month.

TMZ is countering part of that story, reporting that the breakup “has nothing to do with a prenup.”

The outlet adds, however, that “there’s no chance of getting back together.”

We will have further updates on this developing story as new information becomes available.

Dak Prescott, Sarah Jane Ramos Abruptly Call Off Wedding: What’s Going On Here? was originally published on The Hollywood Gossip.

​The Hollywood Gossip

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Food

The ‘Blueberry Capital Of The World’ Is Located In A Small American Town

You might think that the ‘Blueberry Capital Of The World’ is where they grow the most of the fruit, but it’s across the country where cultivation began.

​Food Republic – Restaurants, Reviews, Recipes, Cooking Tips

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Entertainment

What Does ‘Split The G’ Mean When Drinking Guinness?

Heard someone dared to “Split the G” at a pub? Here’s what it means and why celebrities and beer lovers alike are joining this global trend.

​Mashed – Fast Food, Celebrity Chefs, Grocery, Reviews

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Alaska News

State regulators intend to approve merger of two Alaska credit unions

U.S. currency is seen in a close-up photo. (Getty Images)

The Alaska Division of Banking and Securities is planning to approve the merger of Credit Union 1 and MAC Federal Credit Union, the agency said in a public notice this week.

The two credit unions announced their merger plans last year, but state law required a review. Credit Union 1 is Alaska’s only state-chartered credit union, which gives the state primary authority over its operations. All of Alaska’s other credit unions are federally chartered.

CU1 has almost 100,000 members and 16 branches — the newest slated to open in Homer this summer. 

MAC Federal Credit Union is based in the Fairbanks area and has about 20,000 members, according to figures provided with the merger announcement last year. 

It opened branches in the Matanuska-Susitna Borough starting five years ago, marking its first expansion outside the Fairbanks area.

Public comments on the merger can be submitted to the Division of Banking and Securities, which expects to make a final decision on the merger sometime after April 3. 

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Sports Fox

NFL Highest-Paid Wide Receivers: Alec Pierce Joins Top 10 With Huge Contract

NFL free agency started in a big way on Monday, with the Colts re-signing wide receiver Alec Pierce just moments after noon ET. The deal sent shock waves through the league. Pierce had 47 catches for 1,003 yards last season for the Colts, both of which are career highs. That got him $116 million over four years, with a reported $60 million of that guaranteed. It’s essentially a two-year contract for the Colts, and if it goes well, Pierce will likely see the deal through all four years if the salary cap continues to increase. In recent years, an annual salary of $30 million became the barometer for the best receivers in the NFL. The elite players got even more, with Ja’Marr Chase getting more than $40 million annually from the Bengals last offseason. Pierce came up just shy of that, but his production pales in comparison to top receivers who now make less than him. For reference, Pierce is set to make more money than Tee Higgins, Jaylen Waddle, DeVonta Smith, Nico Collins and former teammate Michael Pittman Jr., who was traded to the Steelers on Monday. [2026 NFL Free Agency: The Top 100 Players Available and Potential Fits] Pittman being traded to Pittsburgh means Pierce’s role will likely increase in the Colts’ offense next season. Quarterback Daniel Jones was given the transition tag, while the star of the show will still be running back Jonathan Taylor. As of Monday, March 9, at 2:30 p.m. ET, here are the highest annual salaries among NFL wide receivers, including Pierce’s reported contract with the Colts (data courtesy of Over the Cap):​Latest Sports News from FOX Sports

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Sports Fox

The Blueprint: How Offense-First Roster Construction Is Reshaping College Basketball

Roughly two-thirds of the way through the 2025-26 men’s college basketball season, a statistical oddity seemed to be emerging: Nearly 50 teams were averaging more than 120 points per 100 possessions — the standard metric used to derive offensive efficiency — as the calendar turned from January to February. Intuitively, the number seemed extraordinarily high — even for a year when there is so much elite-level talent across the sport that NBA commissioner Adam Silver announced the eventual enactment of anti-tanking rules to prevent teams from intentionally losing to improve their draft position. Sure enough, historical data confirmed my suspicion: Only 18 teams had completed the previous campaign with such staggeringly efficient offenses, and even that tally was some 33% higher than any other season in KenPom’s 30-year archive. The average number of teams to eclipse 120 points per possession during that sample size? A measly 4.6 per season, including nine years that featured three or fewer. To soar from that degree of sustained scarcity to more than four dozen such teams seemed like an incredible change in a relatively short period of time. And now, as most conference tournaments are set to begin this week, the number still sits at 48 teams. “That statistic is amazing,” Texas head coach Sean Miller told me last month. “I don’t know if people really understand what you’re saying there. … That’s way, way too much of a change in one season.” To understand the how and why behind this offensive explosion, I spoke to nearly a dozen head coaches whose offenses ranked among the top 25 nationally. Though their answers varied, a handful of common themes emerged that — when pieced together — began to pull back the curtain on what might be remembered as the greatest offensive season in college basketball history, at least statistically. Those coaches identified four distinct pillars that are doubling as potential explanations for this season’s renaissance: offensive-centric roster building, analytically driven shot selection, reimagined offensive rebounding principles and improved on-ball decision-making. To some degree, Houston head coach Kelvin Sampson told me, what we’re seeing right now is the maximization of a process that began during the 1988 Summer Olympics, which was the last time the United States built its basketball team entirely from collegiate players. Led by then-Georgetown head coach John Thompson, the Americans arrived in South Korea with the tournament’s most athletic roster. But despite that advantage, Team USA (bronze medal) played a drastically different style than countries like the Soviet Union (gold) and Yugoslavia (silver), which built their offenses around the premise of “penetrate to pass versus penetrate to score,” as Sampson described it. Superior ball movement sent the American defenders chasing from one side of the 3-point arc to the other until an open perimeter shot was taken. “That’s what got people thinking,” Sampson told me. “And then, in 1992, was the birth of the Dream Team. So we weren’t going to be embarrassed anymore because y’all had y’alls pros, we’re gonna start taking our pros. But in between there, there was a glimpse into the change that basketball was on the verge of making. Their spacing was different than ours, their skill sets were different than ours and I think we learned a lot from there.” Fast-forward a few decades and some of the resulting stylistic changes that gradually worked their way into college basketball are being kicked into overdrive thanks to a confluence of modern factors: From offensive-minded rule changes to the proliferation of analytics. From an influx of experienced European players who are capitalizing on relaxed eligibility rules to a wave of new coaches studying film in leagues beyond the U.S. From lucrative NIL payments that are funneling more talented players toward the sport than ever before to the last embers of COVID-year eligibility that have raised average player ages and maturity levels. All poured gasoline on an already changing flame. In Part 1 of this series, some of men’s college basketball’s keenest minds explain how the modern game is prompting them to reimagine how rosters are assembled. *** *** *** Jon Scheyer, Duke: What you’ve seen in college basketball this year [is] an incredible freshman class. You’ve seen 22-, 23-, 24-year-old pros. You’ve seen a lot more flexibility from a roster construction standpoint. I think coaches have gotten a lot smarter with roster construction. I think that’s something that’s really progressing. I think that allows, obviously, the better talent and the better fit in terms of roster. Matt Painter, Purdue: I don’t know how you quite quantify that, but I think [it’s] just better players. We have some older players, we have some international guys that are coming in their first years that aren’t 17-, 18-year-olds. They’re a little bit older, a little bit more experienced. And even the ones that are 17-, 18-, 19-years-old, their experiences leading up [to college basketball], of playing against older people, I think really help. T.J. Otzelberger, Iowa State: This is a very old year with the COVID-year still on our books for some. There’s an influx of European talent with skill — and specifically skilled bigs — more skill than we’ve seen. I think there’s a tremendous talent level among the freshmen — probably the best freshman group I’ve seen impacting winning. So I think the No. 1 thing I’d start with is the personnel piece. I think that’s a huge part. Scheyer: You have the ability to build around your best players in a different way. The pool is bigger. Instead of just being able to take high school players, you can take basically anybody in college, European, now the G-League potentially. It’s a hell of an opportunity as a coach. … You’re able to have the right fit and the more ready-made players right away. [NCAA: Final Regular-Season Men’s Top 25 Rankings] Sampson: The young coaches that are coming up in the game are more geared to offense. And they probably build their teams to that end of the court more so now than in the past. It starts with recruiting. [AJ] Dybantsa at BYU and how they built their team around him. [Darryn] Peterson at Kansas and how they built their team around him. [Christian] Anderson and [JT] Toppin at Texas Tech, how they built their team around their guys. Coaches think differently now than they did 30 years ago. It was like Big Ten football was three yards and a cloud of dust with a full backfield. Now, there is nobody in the backfield. It’s all empty. College basketball has kind of followed the same theory. The game is constantly evolving. The game is constantly changing. New coaches are coming in, bringing in new ideas. Grant McCasland, Texas Tech: I definitely, 100 percent, see the game from an offensive [point of view]. I recruit from an offensive standpoint and from a competitive standpoint. Because I do think that you can help people get better defensively. And I think if people love it, you can help them get better offensively, but not at the rate at which you can help someone [on defense]. I do think it’s hard to teach someone to be physical, and it’s hard to teach someone to really put their nose in the middle of it if it’s not their makeup. So it’s almost like skill and physicality is really the X-factor. Todd Golden, Florida: A big thing for us is trying to get guys that we think will be plus-[expected value] players on both sides of the ball. And with that being said, though, gun to head, we would probably err on the side of taking a pro-offensive player than a pro-defensive player. Otzelberger: Teams are seeing more and more correlation [to] whatever their identity is. Some teams are high-volume 3-point shooting teams, and that makes them efficient. Others, like us, put more emphasis on offensive rebounding, maybe, as a way to fill a margin. So I think because there’s more data, I think people are recruiting more [toward] a specific way of doing things or a system. You see the teams that are high-volume 3-point teams, and that’s their model, like a Texas Tech. And then you see teams like, maybe, the Floridas or the Michigan States or the UConns or us that try to put a premium on offensive rebounding and I think recruit to it, develop it, talk about it, coach it. I think there are more specific people who are analytically building their argument that way. Ben McCollum, Iowa: Teams are recruiting to it. I think they’re recruiting shooting, obviously, number one. I do think the transfer portal hurts defense, meaning, I think over time you kind of build some defensive grit, some defensive toughness, and you do that over years and years. Some teams just have plug-and-play guys or guys that come in for a very short amount of time, and there’s not a lot of defensive grit. There’s not a lot of toughness. They just kind of get by defensively. And so naturally, because of that, you’re going to score more, and your efficiency numbers are going to be a little bit better. Brad Underwood, Illinois: We’ve been very, very exact — or trying to be that anyway — in our recruiting. Positional size, very important. Shooting, very important. We look very, very hard at the character piece. We personality-test everybody. And then the other piece is processing and problem-solving. We dove heavy into that part of it in the evaluation process as well and using some other markers out there that we just tried to figure out how guys process and how guys think and basketball IQ tendencies. It’s really become very exact for us in the recruiting game. Pat Kelsey, Louisville: We really, really value skill and shooting. So that really matters. Those metrics that we know fit our offensive style are highlighted and coveted when we’re evaluating and recruiting prospects. Painter: We’ve always had good size. And now we have a great point guard. And I think that’s the recipe. If you’ve got really good big guys, and you’ve got a great point guard, and you’ve got a bunch of guys that can shoot, that balance offensively is the recipe that we look for. Sampson: When you put together your team, the first thing you’re looking at is do we have enough offense? Do we have enough shooting? Do we have someone that can create shots at the end of the shot clock? Can we space the floor and force teams to have to open up their defense to extend to our shooters? And then when the ball gets swung, can we attack the closeout [defender] and get into the paint, and then make the right decision? Miller: Sometimes, when you’re in sports, you look at [how] other industries evolve and adapt and change, but [then you think] what you do doesn’t change, you know what I mean? But I think as you grow in it, and you have more experience, you learn no, in the industry that you’re in, it evolves, grows and changes no different than all the other industries in the world. The last five years — maybe even the last three or four — there’s been so much change in the way the game is played, officiated. So when you look at building your roster, [it’s all about] skill level, versatility, interchangeable parts. Come back on Tuesday for Part 2 in this series, which focuses on the radical changes to offensive shot selection in adherence with modern analytics. In The Blueprint, our in-depth, long-form series takes you inside some of the most amazing stories in sports.​Latest Sports News from FOX Sports