Glencore (LSE:GLEN,OTC Pink:GLCNF) has submitted applications to place two of its flagship copper projects in Argentina under a new investment regime.
The Switzerland-based commodities giant said it is seeking to include the El Pachón deposit in San Juan province and the Agua Rica deposit in Catamarca under Argentina’s recently introduced Incentive Regime for Large Investments (RIGI).
Together, the projects represent a planned capital investment of about US$13.5 billion over the next decade — US$9.5 billion for El Pachón and US$4 billion for Agua Rica.
Both sites would benefit from a long-term economic framework with enhanced investor protections under the RIGI program, which the administration of President Javier Milei launched this year to attract foreign investment.
“President Milei and his administration must be credited for introducing the RIGI. This framework has changed the investment landscape in Argentina, providing a key catalyst to attract major foreign investment to the country,” Glencore Chief Executive Officer Gary Nagle said in the company’s announcement.
Martín Pérez de Solay, CEO of Glencore Argentina, added: “The RIGI provides a key platform for the development of Argentina’s significant natural resource endowment. I am confident that the mining sector can be a major contributor to the Argentinian economy with the El Pachón and Agua Rica projects supporting the country’s ambition to become one of the world’s leading copper producers.”
El Pachón is a large-scale copper and molybdenum deposit with estimated mineral resources of about 6 billion metric tons of ore, averaging 0.43 percent copper, 2.2 grams per tonne silver and 130 grams per metric ton molybdenum.
Agua Rica, meanwhile, hosts roughly 1.2 billion metric tons of ore with average grades of 0.47 percent copper, 0.20 grams per tonne gold, 3.40 grams per metric ton silver and 0.03 percent molybdenum.
The Agua Rica ore would be processed at the existing Alumbrera facilities, 35 kilometers away, through the MARA project framework.
The scale of Glencore’s expansion comes amid a broader strategic race among Western producers to secure supplies of critical minerals needed for clean energy technologies, electric vehicles and defense applications.
Copper in particular is considered vital to global electrification, and analysts warn that rising demand could soon outstrip supply.
US enforcement shift on Chinese metals
On Tuesday (August 19), the Department of Homeland Security announced that imports of Chinese steel, copper and lithium would be targeted for “high-priority enforcement” under the Uyghur Forced Labor Prevention Act (UFLPA), a law restricting goods linked to alleged human-rights abuses in China’s Xinjiang region.
America has a moral, economic, and national security duty to eradicate threats that endanger our nation’s prosperity, including unfair trade practices that disadvantage the American people and stifle our economic growth. The Trump administration is taking action.
The use of… https://t.co/cuSlPkW1ab
— Secretary Kristi Noem (@Sec_Noem) August 19, 2025
“The use of slave labor is repulsive and we will hold Chinese companies accountable for abuses and eliminate threats its forced labor practices pose to our prosperity,” Homeland Security Secretary Kristi Noem said in a post on X.
US officials say the Xinjiang region hosts state-run internment camps where Uyghurs and other minority groups are subject to forced labor.
Beijing has consistently denied the allegations, dismissing them as politically motivated.
The announcement expands Washington’s campaign to scrutinize goods with ties to Xinjiang, which has already affected solar panels, cotton, and other commodities. The new focus on copper and lithium marks a significant escalation, given both metals’ central role in renewable energy and battery production.
Global supply chains in flux
Together, Glencore’s Argentine projects and Washington’s enforcement measures highlight how critical minerals are becoming increasingly entangled with geopolitics.
China currently processes about 70 percent of the world’s rare earths and controls a major share of global copper and lithium refining capacity. Western governments are now trying to diversify away from Chinese supply chains amid rising tensions.
Argentina, with its vast mineral reserves, has emerged as a key player in this strategy. The country is already a major producer of lithium and is positioning itself as a copper hub through projects like Glencore’s expansion.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Rare Earths Americas (REA), a private critical minerals company, has launched a new platform to explore and develop high-grade rare earth assets in the United States and Brazil in a bid to consolidate supply chains for various domestic sectors.
The company, which raised AU$25 million (approximately US$16 million) in a private funding round, said it combines experienced operators and investors with “deep expertise across global mining, energy and critical materials.”
Included in the company’s four asset portfolio is the Foothills discovery, located in Georgia, USA, the site contains rare earth grades of up to 41.3 percent total rare earth oxides (TREO), including heavy rare earth elements crucial for high-performance magnets.
The project benefits from “outstanding logistics, low-cost power and streamlined permitting pathway,” the company said in an August 18 press release.
In Brazil, the Alpha and Constellation projects cover more than one billion metric tons of high-grade ionic clay rare earth mineralization, including dysprosium and terbium, which are essential for permanent magnets. The Homer project targets multiple carbonatite clusters with potential for rare earth and niobium discoveries in a region known for leading niobium mines.
“The rare earths market is undergoing a generational shift as the West races to secure its rare earths future,” said CEO Donald Swartz.
REA’s timing aligns with broader US efforts to reduce reliance on China, which currently controls nearly 70 percent of global rare earth processing and accounts for most heavy rare earth production.
In April, Beijing restricted shipments of seven rare earths to the US and other countries, prompting concern among automakers and defense contractors dependent on these materials.
The US government has recently proposed a pricing support mechanism for domestic rare earth ventures to increase production and mitigate China’s influence. Discussions last month, led by former White House trade advisor Peter Navarro and National Security Council official David Copley, included rare earth producers and major technology firms reliant on these critical minerals.
China’s dominance stems from billions of dollars invested in mining and processing since 2000, often with minimal environmental or safety oversight, allowing the country to produce rare earths at lower cost than Western competitors.
Meanwhile, the US response has included efforts to develop domestic mined supply and the build out of refinement, processing and production capacity. American companies have also sought to secure alternative sources in Africa and Latin America, but investment and technology barriers remain significant.
Mountain Pass in California, the country’s only large-scale rare earth mine, produces bastnaesite carbonate but relies heavily on foreign processing. MP Materials (NYSE:MP), the mine’s operator, posted a net loss of US$65.4 million in 2024, highlighting the challenge of competing with China’s low-cost production model.
REA’s launch positions it as a potential strategic player in this evolving landscape. The Foothills project offers a “streamlined permitting pathway” in the US, while the Alpha and Constellation projects in Brazil provide access to large-scale, high-grade heavy rare earths.
“With grade and strategic geography on our side, we intend to advance our rare earths projects to support the long-term supply of critical materials essential to domestic innovation,” Swartz added.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Stallion Uranium Corp. (the ‘ Company ‘ or ‘ Stallion ‘) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement of units and flow-through units (the ‘ Offering ‘). This closing consisted of 21,239,800 units of the Company (each a ‘ NFT Unit ‘) at a price of $0.20 per NFT Unit for aggregate gross proceeds of $4,247,960 and 1,315,000 flow-through units (each a ‘ FT Unit ‘) at a price of $0.20 per FT Unit for aggregate gross proceeds of $263,000.
Each FT Unit consists of one flow-through common share of the Company as defined in the Income Tax Act (Canada) (a ‘ FT Share ‘) and one FT Share purchase warrant (each a ‘ FT Warrant ‘). Each FT Warrant entities the holder to purchase one additional FT Share in the capital of the Company (a ‘ FT Warrant Share ‘) at a price of $0.26 per FT Warrant Share for a period of 60 months from the closing of the date of issuance.
Each NFT Unit consists of one non-flow-through common share in the capital of the Company (a ‘ NFT Share ‘) and one share purchase warrant (a ‘ NFT Warrant ‘). Each NFT Warrant entitles the holder to purchase one additional non-flow-through common share in the capital of the Company (a ‘ NFT Warrant Share ‘) at a price of $0.26 per NFT Warrant Share for a period of 60 months from the date of issuance.
The NFT Units and FT Units issued pursuant to the first tranche of the Offering are subject to a four-month hold period under applicable Canadian securities laws that expires on December 21, 2025.
In connection with the closing of the first tranche of the Offering, the Company issued an aggregate of 668,003 NFT Shares and 668,003 non-transferable NFT Share purchase warrants (the ‘ Finder’s Warrants ‘) to eligible arms’ length finders, DJ Sheehan Consulting Limited and Edward Marlow. Each Finder’s Warrant is exercisable into one NFT Share (a ‘ Finder’s Warrant Share ‘) at a price of $0.26 per Finder’s Warrant Share for a period of 60 months from the date of issuance. In connection with the first tranche of the Offering, the Company has paid cash finder’s fees totaling an aggregate of $173,976.67 to Accilent Capital Management Inc. and DJ Sheehan Consulting Limited.
Upsizing of the Offering:
Due to market demand, the Company has increased the size of the Offering from up to $12,000,000 to up to $15,000,000. The Company anticipates completing a second closing of the Offering on or before August 30, 2025.
The upsized Offering will consist of up to a combined aggregate of 75,000,000 FT Units and NFT Units for aggregate gross proceeds of up to $15,000,000. The Company anticipates that, upon completion of all tranches of the Offering, a new Control Person (as defined below), Mr. Matthew Mason (‘ Mr. Mason ‘), will be created though Mr. Mason’s anticipated purchase of 15,000,000 FT Units. Mr. Mason’s subscription is subject to obtaining requisite approval from the disinterested shareholders of the Company (as further described below) and the TSX Venture Exchange (the ‘ TSXV ‘).
The gross proceeds raised from the issuance of the FT Units will be used by the Company to incur exploration expenditures on the Company’s resource claims in the province of Saskatchewan and will constitute ‘Canadian exploration expenses’ as defined in the Income Tax Act (Canada). The net proceeds raised from the issuance of the NFT Units will be used by the Company for exploration and development activities of its Athabasca Basin properties and for working capital and general corporate purposes.
Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSXV. Policy 4.1 of the TSXV Corporate Finance Manual requires disinterested shareholder approval where a transaction creates a shareholder that holds or controls 20% or more of an issuer’s shares (a ‘ Control Person ‘). The Company anticipates that Mr. Mason’s purchase of FT Units under the Offering will create a new Control Person pursuant to Policy 4.1. To fulfil the requirements of Policy 4.1, the Company intends to seek approval of disinterested shareholders holding or controlling more than 50% of its common shares of the Company to approve the creation of the new Control Person by written consent resolution. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
Finder’s fees may be payable in connection with the completion of further tranches of the Offering in accordance with TSXV policies. In connection with the Offering, the Company has entered into an Advisory Agreement with Canaccord Genuity Corp. (the ‘ Advisor ‘), pursuant to which the Advisor shall provide financial advisory, consulting, and support services in connection with the Offering (the ‘ Advisory Services ‘). In consideration for the Advisory Services, subject to the approval of the TSXV, the Company will pay the Advisor a work fee equal to $150,000 (the ‘ Fee ‘). The Fee shall be payable in units at the terms matching those of the NFT Units in the Offering. The Fee Units and the underlying securities issued to the Advisor will be subject to a four month and one day hold period in accordance with Canadian securities laws.
Insiders of the Company will participate in the Offering. Any such participation will be considered a ‘related party transaction’ as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘). The Offering is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of any securities issued to such insiders nor the consideration that will be paid by such persons will exceed 25% of the Company’s market capitalization.
This news release does not constitute an offer to sell or a solicitation of an offer to sell 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 (the ‘U.S. Securities Act’) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Stallion Uranium Corp.:
Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.
Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com .
On Behalf of the Board of Stallion Uranium Corp.:
Matthew Schwab CEO and Director
Corporate Office: 700 – 838 West Hastings Street, Vancouver, British Columbia, V6C 0A6
T: 604-551-2360 info@stallionuranium.com
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 release.
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement .
Airborne survey underway at The Woods; drilling at Murmac set to commence mid-September
Fortune Bay Corp. (TSXV: FOR,OTC:FTBYF) (FWB: 5QN) (OTCQB: FTBYF) (‘Fortune Bay’ or the ‘Company’) is pleased to provide an update on its uranium exploration activities on the northern margin of Saskatchewan’s Athabasca Basin (the ‘Basin’). Airborne geophysical survey is currently underway at The Woods Projects and a drill program at the Murmac Project is scheduled to commence in mid-September 2025 . These partner-funded initiatives provide the Company with significant discovery exposure in one of the world’s premier uranium jurisdictions, complementing its core gold project portfolio.
‘Our partner-funded uranium programs at The Woods and Murmac are advancing rapidly, providing shareholders with discovery exposure in one of the world’s premier uranium jurisdictions — at no cost to Fortune Bay. In addition to discovery upside, these programs generate revenue for the Company through operator fees, further strengthening our position while we advance our core gold projects.’ commented Dale Verran , CEO of Fortune Bay.
The Woods Projects – Airborne Geophysical Survey Underway
Following the recently announced option agreement with Neu Horizon Uranium Limited an extensive airborne geophysical survey is currently underway. Geotech Ltd. is completing a VTEM Plus airborne electromagnetic (‘EM’), magnetic, and radiometric survey totaling 2,198 line-kilometres across the majority of the projects.
This program targets high-grade uranium mineralization associated with the Grease River Shear Zone — a highly prospective structural corridor analogous to settings hosting major basement-hosted deposits elsewhere in the Basin (e.g. NexGen Energy’s Arrow Deposit). The integration of EM, magnetic, and radiometric datasets will provide a robust targeting platform for basement-hosted uranium deposits, as well as potential Rössing-style intrusive-hosted uranium and rare earth element (‘REE’) deposits.
A field program is planned for early September to verify historical uranium occurrences, collect mapping and spectrometer data, and investigate geophysical anomalies. This work is expected to define and prioritize multiple drill targets in this highly underexplored region of the Basin. Three-year drill permits have been received from the Government of Saskatchewan .
Murmac Project – Priority Target Drilling Planned for Mid-September
At the Murmac Project, also situated on the northern margin of the Athabasca Basin and under option to Aero Energy Limited (‘Aero’), planning is underway for a three-hole diamond drilling program to test selected high-priority uranium targets. These targets, located along graphitic conductors within the Armbruster Corridor, have been selected based on a combination of historical data, recent geophysics, and surface geochemistry. With permits in hand, drilling is scheduled to commence in mid-September 2025 .
Qualified Person
The technical and scientific information in this news release has been reviewed and approved by Gareth Garlick , P.Geo., Technical Director of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Garlick is an employee of Fortune Bay and is not independent of the Company under NI 43-101.
Technical Disclosure on Historical Results
The historical uranium and REE occurrences shown in Figure 2 derive from the Saskatchewan Mineral Deposits Index. The lake sediment uranium results shown in Figure 2 derive from assessment reports available in the Saskatchewan Mineral Assessment Database (SMAD), references 74O07-0002, 74O07-0031, 74O07-0032, 74O08-0076, 74O09-0001, 74O09-003, 74O09-0004, 74O09-0019, 74O09-0020, 74O09-0023, 74O09-0024, 74O10-0002, 74O10-0003, 7410O-0008, MAW02300 and MAW01857). These historical results are not verified and there is a risk that any future confirmation work and exploration may produce results that substantially differ from these. The Company considers these unverified historical results relevant to assess the mineralization and economic potential of the property.
About Fortune Bay
Fortune Bay Corp. (TSXV:FOR,OTC:FTBYF, FWB:5QN, OTCQB:FTBYF) is a gold exploration and development company advancing high-potential assets in Canada and Mexico. With a strategy focused on discovery, resource growth and early-stage development, the Company targets value creation at the steepest part of the Lassonde Curve—prior to the capital-intensive build phase. Its portfolio includes the development-ready Goldfields Project in Saskatchewan , the resource-expansion Poma Rosa Project in Mexico , and an optioned uranium portfolio in the Athabasca Basin providing non-dilutive capital and upside exposure. Backed by a technically proven team and tight capital structure, Fortune Bay is positioned for multiple near-term catalysts. For more information, visit www.fortunebaycorp.com or contact info@fortunebaycorp.com .
Cautionary Statement Regarding Forward-Looking Information
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as ‘expects’, ‘aims’, ‘anticipates’, ‘targets’, ‘goals’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, ‘seeks’, ‘estimates’, ‘continues’, ‘may’, variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements.
Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals, intentions or future plans, statements, exploration results, potential mineralization, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify targets or mineralization, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, inability to reach access agreements with other Project communities, amendments to applicable mining laws, uncertainties relating to the availability and costs of financing or partnerships needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. For more information on Fortune Bay, readers should refer to Fortune Bay’s website at www.fortunebaycorp.com .
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Fortune Bay Corp.
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Here’s a quick recap of the crypto landscape for Wednesday (August 20) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$113,687, a 1.6 percent decline in 24 hours. Its lowest valuation of the day was US$112,647, while its highest was US$115,789.
Bitcoin price performance, August 20, 2025.
Chart via TradingView
Bitcoin continued its consolidation as investors awaited signals from the Federal Reserve ahead of Jerome Powell’s Jackson Hole speech. The decline mirrored a wider crypto pullback, fueled by liquidations and bearish sentiment. Despite short-term pressure, data shows long-term holders remain confident in Bitcoin’s outlook.
Ethereum (ETH) was priced at US$4,216.39, down by 2.3 percent over the past 24 hours. Its lowest valuation of the day was US$4,074.50, and its highest valuation was US$4,311.87.
Altcoin price update
Solana (SOL) was priced at US$181.14, down by 0.3 percent over 24 hours. Its lowest valuation of the day was US$1176.13, while its highest level was US$182.90.
XRP was trading for US$2.89, down 4.1 percent in the past 24 hours, and its highest valuation of the day. Its lowest was US$2.86.
Sui (SUI) was trading at US$3.48, down by 2.5 percent over the past 24 hours. Its lowest valuation of the day was US$3.42, while its highest was US$3.64.
Cardano (ADA) was trading at US$0.8572, down 7.9 percent over 24 hours. Its lowest valuation of the day was US$0.8449, while its highest was US$0.9454.
Today’s crypto news to know
Bitcoin and Ether ETFs shed nearly US$1 billion, Fear & Greed index slips to “Fear”
Bitcoin and Ether exchange-traded funds (ETFs) saw a wave of investor withdrawals this week, totaling nearly US$1 billion in just three days.
Spot Bitcoin ETFs recorded US$533 million in outflows on Tuesday (August 19), more than quadruple Monday’s figure. Ether ETFs also faced steep losses, with outflows jumping from US$200 million on Monday to US$422 million the next day.
Together, the two assets have seen US$1.3 billion in withdrawals since last Wednesday, coinciding with price declines of 8.3 percent for Bitcoin and 10.8 percent for Ether.
Investor sentiment in the crypto market has turned sharply negative following three straight days of heavy ETF outflows.
The widely followed Crypto Fear & Greed Index dropped to 44 on Wednesday, slipping into the “Fear” category for the first time in weeks. The index tracks volatility, market momentum, and trading activity to gauge overall mood, and its decline reflects mounting concerns over recent price drops.
Fed supervision chief pushes for Crypto integration
Michelle Bowman, the US Federal Reserve’s new vice chair for supervision, signaled strong support for crypto adoption in her first major policy speech on the subject.
Speaking at the Wyoming Blockchain Symposium, Bowman argued that banks risk becoming irrelevant if they fail to embrace digital assets, calling for a “clear, strategic regulatory framework” tailored to crypto rather than relying on outdated banking standards.
Bowman, who was nominated by President Donald Trump and sworn in two months ago, will play a central role in shaping US rules for stablecoins under the GENIUS Act.
In her remarks, she highlighted tokenization’s potential to reduce costs and improve financial efficiency, while stressing that regulators must distinguish digital assets from traditional instruments. She even suggested Fed staff should be allowed to hold small amounts of crypto to gain hands-on experience, likening it to learning how to ski by actually putting on skis.
‘We stand at a crossroads: we can either seize the opportunity to shape the future or risk being left behind,’ Bowman said.
South Korea halts new crypto lending amid investor losses, regulatory scrutiny
South Korea’s financial watchdog has ordered domestic crypto exchanges to stop offering new lending products, citing rising risks and investor losses.
The Financial Services Commission (FSC) confirmed that exchanges must suspend fresh lending operations until official guidelines are finalized.
Existing contracts, including repayments and maturity rollovers, will be allowed to continue in the meantime.
The decision follows reports of forced liquidations, with one exchange seeing over 3,600 users lose funds out of 27,600 participants in just a month, representing roughly US$1.1 billion in trading volume. Regulators also flagged cases of Tether-based lending that triggered unusual selling pressure on the stablecoin.
The FSC said it will carry out inspections and take enforcement action against platforms that fail to comply.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Secretary Nielsen joins the board of directors of Allied USA.
Secretary Nielsen is a leading expert on United States national security mattersand has advised government agencies, private sector companies, international organizations, and NGOs on assessing their risk posture and increasing their resiliency.
Allied USA is focused on importation, marketing and sales of tungsten into the United States.
Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) (‘Allied’ or the ‘Company’), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce the appointment of former U.S. Secretary of Homeland Security Kirstjen M. Nielsen as a Director of Allied’s wholly owned U.S. subsidiary, Allied Critical Metals (USA) Inc. (‘Allied USA’).
As a Director of Allied USA, Secretary Nielsen will provide strategic counsel to Allied USA, which is focused on the importation, marketing, and distribution of tungsten across key U.S. sectors. Her appointment comes as the Company deepens its engagement with U.S. government agencies and defense partners to ensure a secure, domestic supply of critical materials vital to national security.
‘Secretary Nielsen brings deep expertise in homeland security, public policy, and critical infrastructure,’ commented Roy Bonnell, CEO of the Company. ‘Her insights into federal operations, supply chain resilience, and defense readiness will be invaluable as we position ACM as a trusted partner in strengthening America’s access to strategic minerals like tungsten.’
Secretary Nielsen served as the sixth Secretary of the U.S. Department of Homeland Security (DHS) from 2017 to 2019, where she led efforts to protect the homeland from evolving threats, including cyberattacks, terrorism, and vulnerabilities in critical infrastructure. She previously served as Principal Deputy Chief of Staff to the President and Chief of Staff at DHS, and was a senior advisor under the George W. Bush administration, where she helped shape national preparedness policy following the 9/11 attacks.
In addition to her government service, Secretary Nielsen has held leadership roles in the private sector, including as president of a consulting firm focused on risk management and resilience. She has advised Fortune 500 companies, federal agencies, and global organizations on security, strategic response, and continuity of operations.
‘I am honored to join Allied Critical Metals at such a pivotal time,’ commented Secretary Nielsen. ‘Securing the domestic supply of critical materials like tungsten is essential to national security, economic resilience, and global competitiveness. I look forward to supporting Allied USA’s efforts to strengthen the U.S. supply chain and advance its mission.’
Tungsten is a critical mineral used in aerospace, defense, electronics, and energy applications. ACM is committed to becoming a reliable Western supplier of tungsten, reducing dependence on non-aligned sources and supporting U.S. and allied interests in the critical minerals sector.
About Allied Critical Metals Inc.
Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. The tungsten market is estimated to be valued at approximately USD $5 to $6 billion and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.
Please visit our website at www.alliedcritical.com.
Also visit us at: LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc X: https://x.com/@alliedcritical/ Instagram: https://www.instagram.com/alliedcriticalmetals/
ON BEHALF OF THE BOARD OF DIRECTORS
Per: ‘Roy Bonnell’
Roy Bonnell Chief Executive Officer and Director
Contact Information
For further information or investor relations inquiries, please contact: Dave Burwell, Vice President, Corporate Development Tel: 403 410 7907 | Toll Free: 1-888-221-0915 Email: daveb@alliedcritical.com
The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of the Company have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.
Cautionary Statement Regarding Forward-Looking Information
This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company’s mineral projects as described in the Company’s Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263183
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
Kobo Resources Inc. (‘ Kobo ‘ or the ‘ Company ‘) ( TSX.V: KRI ) intends to complete a non-brokered private placement of up to 10,000,000 units (the ‘ Units ‘) at a price of $0.30 per Unit for gross proceeds of up to $ 3.0 million (the ‘ Offering ‘). Each Unit will be comprised of one Common Share and one-half Common Share Purchase Warrant. Each Warrant will entitle its holder to acquire one Common Share at a price of $0.55 for a period of 24 months from the Closing Date. The Units will be issued pursuant to exemptions from the prospectus requirements in accordance with NI 45-106. The securities underlying the Units will be subject to a 4-month statutory hold period in accordance with applicable Canadian securities laws.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250819849238/en/
Edward Gosselin, CEO and Director of Kobo commented: ‘After the completion of the diamond drilling program in 2024 and 2025, we look forward to expanding our exploration efforts at our Kossou Gold Project in the second half of 2025. Following the expected closing of this financing, the additional capital will enable us to enhance our current exploration initiatives in 2025 on our three main targets, for the Kossou Gold Project.’
The Company intends to use the net proceeds of the Offering to pursue its exploration initiatives initiated in H1-2025 and extend the known zones of mineralisation at its three main targets, the Road Cut Zone, Jagger Zone and Kadie Zone on the Kossou Gold Project, initiate preliminary metallurgical work and further develop its ongoing soil geochemical and trenching survey at Kossou as well as to enhance the geological exploration program on the Kotobi research permit and for general corporate and working capital purposes.
Closing of the Offering may occur in one or more closings with the first closing expected to occur on or about August 28, 2025 and the final closing to occur no later than September 5, 2025 (the ‘ Closing ‘), and are subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.
The Units, Common Shares and Warrants have not been registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the ‘United States’ or ‘U.S. persons’ (as such terms are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or compliance with an exemption from such registration requirements. This press release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction.
About Kobo Resources Inc.
Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d’Ivoire, one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.
With over 18,500 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou’s Gold Project . Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development.
Beyond Kossou , the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d’Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo’s common shares trade on the TSX Venture Exchange under the symbol ‘KRI’. For more information, please visit www.koboresources.com .
Kobo’s common shares trade on the TSX Venture Exchange under the symbol ‘KRI’. For more information, please visit www.koboresources.com .
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement on Forward-looking Information:
This news release may contain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements, including statements related to the Offering or to the exploration program of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable as at the date of this news release, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; the inherent risks involved win the exploration and development of mineral properties; unanticipated costs and expenses; the delay or failure to receive board, shareholder or regulatory approvals; and other risk factors listed from time to time in our documents filed with Canadian securities regulators on SEDAR+ at www.sedarplus.ca . There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250819849238/en/
For further information, please contact:
Edward Gosselin Chief Executive Officer and Director 1-418-609-3587 ir@kobores.com
Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.
That became one of the most common reactions across the White House’s feeds. The answer was always yes.
Serving as director of digital content for President Donald Trump was the most meaningful and intense chapter of my professional life. From the moment we rebooted the administration’s online presence on Inauguration Day, the mission was clear: speak in a voice that resonated with real Americans and make sure our MAGA message could not be ignored.
We did not build a cautious, government-style account. We built a fast, culturally fluent content machine designed to cut through the noise and win online. And it worked.
In just six months, the administration’s platforms added over 16 million new followers, with the fastest growth among Americans aged 18–34. We generated billions of video views and gained more than half a million new YouTube subscribers – nearly triple the previous administration’s total growth over four years.
But it was never just about numbers. Our success came from echoing the humor, passion and identity of a movement that was already alive. We did not invent the culture. We gave it a megaphone.
This was not entertainment for entertainment’s sake. Our meme-heavy, content-first strategy was aligned with the president’s priorities. Digital was not a sideshow. It was a frontline tool for shaping narratives, building momentum, and applying pressure.
That was clearest during the push for President Trump’s One Big Beautiful Bill Act. We were not writing legislation. We were making sure Americans understood what was at stake. We turned policy into content people wanted to share – and that shifted the conversation.
That agility was only possible because of President Trump. His decisiveness gave us the freedom to move fast and take risks. Whether it was an ASMR-style video of deportations, a Jedi Trump with a bicep vein battling the deep state, or a surreal ‘Make It Rain’ Gemini AI-generated storm of cash over the White House, every post had intention. Every choice matched the cultural moment.
These were not random stunts. They were designed to draw younger Americans, many of whom had tuned out politics, back into the conversation. And it worked.
We did not wait to react to headlines. We inspired them. From the 100-day mugshot display on the North Lawn to anime-style fentanyl dealers crying on camera, we pushed the boundaries of political communication.
Major media outlets took notice. Even Democrats are playing catch-up. Gavin Newsom has pretty much stolen podcasts, memes and trolling tactics that came straight from the MAGA playbook. That is not coincidence. That is proof of impact.
Here is the truth. We did not go viral because we were chasing virality. We went viral because we paid attention. We knew our audience. We stayed sharp on the message. And we operated like creators, not bureaucrats.
That kind of approach takes a rare team. The White House digital staff I had the honor to serve with are some of the smartest and most imaginative minds in politics today. They understand what many still miss: politics and culture are inseparable. You move them together or you do not move them at all.
I have full confidence in the team under White House deputy communications director Kaelan Dorr to continue winning, and as Dorr put it best: ‘The arrests will continue. The memes will continue.’
As I step away from my role at the White House and return to leading my public relations and digital firm, I do so with pride. We did not just manage accounts. We reinvented how people experience the presidency online. Others are only now beginning to understand that reality. We will continue to lead – because we not only understand the tools. We understand the Americans who use them.
From tariffs to student debt “forgiveness,” from corporate welfare to border chaos, America’s political class — right and left — has lost its economic compass. What’s missing? Econ 101.
Progressives promise government programs to create “equity.” Conservatives now support tariffs and special favors for certain businesses. Both are forms of economic socialism — central planning that shifts control from the people to politicians. That’s why the US economy feels stuck: a $37 trillion national debt, a bloated Federal Reserve balance sheet, and growing doubts about the American Dream.
It doesn’t have to be this way. We need a return to the basics of economic freedom. That’s why I launched an Econ 101 series — to explain simple, timeless principles about how people make choices, work together, and meet their needs in a world with limited resources.
If every policymaker — and voter — understood these 20 simple ideas, the whole nation could be freed to be its best self.
People act with purpose
Whether it’s a parent budgeting for groceries or a business hiring workers, people make choices based on incentives, constraints, and values. Policies that ignore this, like assuming people won’t adjust their behavior when welfare expands, always backfire.
Trade always benefits both sides
Trade isn’t about countries — it’s about people. When Americans buy clothes from Bangladesh or semiconductors from Taiwan, both sides benefit. Blocking trade with tariffs is like trying to grow prosperity by taxing yourself.
People dislike uncertainty
Small business owners delay hiring. Families delay big purchases. Entrepreneurs sit on the sidelines. And why? Because Washington keeps creating policy chaos — from Biden’s inflationary spending to Trump’s tariffs. Clarity is key.
Entrepreneurship drives growth
It’s not government spending or stimulus checks that create jobs — it’s innovation. From Henry Ford to Elon Musk, it’s entrepreneurs who take risks to solve problems. Washington should stop crowding them out with red tape and cronyism.
Nothing is free
From “free” college to “free” COVID tests, the truth remains: every dollar must come from somewhere. Usually, it’s from taxpayers — or worse, borrowed from future generations. Opportunity costs are real, and they’re often ignored in DC.
Free markets create prosperity
Look around the world. Free economies prosper. Controlled ones collapse. See Venezuela, Cuba, and North Korea versus Singapore, Switzerland, and Texas. Markets deliver what bureaucracies only promise.
Voluntary exchange works best
When people can freely trade, they innovate, cooperate, and thrive. When politicians impose price controls — like on credit card interchange fees or energy — they distort behavior and punish both consumers and producers.
Price signals matter
Prices aren’t arbitrary — they communicate supply and demand. When the government distorts them, like through drug price controls or green energy subsidies, it creates shortages, surpluses, and dysfunction.
Every choice has opportunity costs
Every decision has a tradeoff. A dollar spent on bureaucratic boosterism is a dollar not spent on defense, or — better yet — not taxed in the first place.
Government power reduces liberty
Each regulation, each subsidy, and each tax is a restriction on what people can do with their own lives. As Ronald Reagan said, “The most terrifying words in the English language are: ‘I’m from the government, and I’m here to help.’”
Inflation comes from money creation
Deficits fuel it, and the Federal Reserve enables it. As Milton Friedman reminded us, “Inflation is always and everywhere a monetary phenomenon.” CPI rose 2.7 percent in July over the last year, and the 3.1 percent core inflation remains above target. Until spending is restrained and the Fed shrinks its balance sheet, inflation will persist.
Destruction is not growth
The economy doesn’t improve when a riot breaks a window or the government rebuilds after a hurricane or war. That’s not growth — it’s replacement and lost resources for other things. Destruction does not drive prosperity.
Trade fosters peace
Sanctions, embargoes, and trade wars escalate tensions. Trade fosters peace. China’s rise comes with real challenges — but the answer is not less economic freedom, but more. Tariffs harm Americans more than Beijing.
Institutions make markets work
From strong property rights to a reliable legal system, good institutions enable markets to function effectively. That’s why we must resist the weaponization of agencies or the rewriting of laws to favor one group over another.
Socialism always fails
Because it tries to make us care about everyone else’s welfare as much as our own, socialism always ends in tyranny and poverty. Today’s policymakers want to rebrand it as “equity” or “industrial planning,” but it’s the same road that led to Venezuela’s collapse, the Berlin Wall, and Cambodia’s killing fields.
Profits and losses guide progress
Profits signal value creation. Losses signal failure, freeing up resources for the next experiment. Government bailouts and subsidies break this feedback loop, rewarding inefficiency. Investing in progress should always pay better than buying political favors.
Prosperity comes from freedom
When the government steps back, families, workers, and entrepreneurs build thriving communities. School choice and right-to-work laws show how freedom creates opportunity. “Let people prosper” is not just a slogan — it’s a strategy for conquering poverty by unleashing humanity.
Markets solve problems
One-size-fits-all systems, like those the US government created in healthcare and education, become costly debacles that serve special interests but leave ordinary people out. Problems are solved and inventions emerge when lots of individuals make their own choices, and share information about what works (prices).
People deserve dignity
People aren’t widgets in a spreadsheet. They have hopes, beliefs, and talents. Trusting them to make their own decisions, based on the real circumstances of their own lives, creates better outcomes than distant ‘experts’ making decisions for them.
Government spending can’t add to the economy
Government spending only redistributes existing resources. Printing money and handing out checks doesn’t “stimulate” the economy (Keynesian Multiplier), it just makes goods expensive and harder to get.
America didn’t become the most prosperous nation in the world through central planning. What distinguished the American model was offering choices to individuals, protecting their private property, making free enterprise appealing and profitable, encouraging personal responsibility, and respecting people’s rights to cooperate on whatever voluntary projects they chose.
That model still works — if we have the courage to return to it.
Advocates of free markets must do more than critique failed ideas. We must lay out practical, principled alternatives — and push those in power to adopt them, even when it’s politically inconvenient.
Politicians often do what benefits them, not what benefits us. The solution isn’t found in Washington. It’s found in communities, in businesses, in homes, and hearts and minds. If we want Americans to prosper, we must return to the basics of economics.
In December 1934, The American Family Robinson came to the radio airwaves. The new show, like many of its competitors, featured a combination of mystery, family life, romance, drama, adventure, comedy, and intrigue. But it also had something unique to offer. Unlike other radio soap operas, The American Family Robinson openly celebrated free markets, private property, and self-reliance.
The American Family Robinson was part of a strategy by the National Association of Manufacturers (NAM) to sway public opinion against the New Deal. Acting through a front group, the National Industrial Council, industry interests created a radio soap opera weaving together entertainment, promotion of entrepreneurship, and opposition to big government.
But the big networks showed no interest. NBC executives were typical in fearing that the series, though potentially profitable for the bottom line, might flout the mandate of the Federal Communications Commission to promote the “public interest, convenience, and necessity.” Network executives even banned local affiliates from carrying the show. “You would probably not find in the entire series any specific sentence that could be censored,” summarized a scriptwriter for NBC, “but the definite intention and implication of each episode is to conduct certain propaganda against the New Deal and all its work.”
The producers responded with a strategy to bypass the networks through syndication to local stations, a practice that was still quite rare. The National Industrial Council recruited local employers to fund transcription of the program onto 16-inch phonograph discs and mailed them to stations weekly or bi-weekly.
The American Family Robinson is set in the fictional town of Centerville. The main characters are Luke Robinson, who edits and publishes the town’s newspaper, the Centerville Herald; his wife Myra, who hosts her radio show, their daughter Betty, and Betty’s husband, star reporter Dick Collins. In nearly every episode, Luke good-naturedly and patiently explains (in a manner anticipating the sagacious Judge Hardy in the later hit movie series) the importance of thrift, low taxes, property rights, self-reliance, and limited government.
Image Credit: Archives, Hagley Museum and Library
The production was helmed by professionals including Martha Atwell (a rare example of a female director) and the script-writing husband-and-wife team of Douglas Silver and Marjorie Bartlett Silver. The actors had extensive stage and radio experience. On the strength of the writing and characterizations, the show developed a significant fan base. Many tuned in for the intricate plots, including cliffhangers about murder and kidnapping, as much as for the ideas.
A particular favorite among listeners was William “Windy Bill” Winkle (played with aplomb by Shakespearean actor Joe Latham), Luke Robinson’s mooching brother-in-law and self-invited house guest. Originally intended to be an incidental character, he proved so popular that he became a cast regular. Windy often sparks humorous exchanges to underscore the show’s themes. He combines zealousness for socialism with an equal certainty in the brilliance of his get-rich-quick schemes. He also courts the wealthy (at least in his mind) Spinster Leticia Timmons, an entrepreneurial dress shop owner. “Look what happened to me,” Windy complains, “I’ve spent the best years of my life, trying to be an honest business man and what do I get for it? Nothing. That’s what! Take my patented Little Wonder adjustable hair cutting bowl for home use…but the barber trust and big business kept it off the market!” Brushing aside this theory of a big business conspiracy, Luke asks “Who are the big fellows anyway? They’re little fellows who worked hard enough under the same rules that apply to you and me, to become big fellows.”
Luke opines to Windy that “for a man who claims to oppose capitalism as much as you do, you’re going to an awful lot of trouble to be a capitalist yourself.”
He gets a quick response: “Quite simple my dear fellow. I advocate socialism for the good of all the people but for me personally, well, a fellow has to do the best he can for himself…If socialism ever comes to this benighted country I’ll be only too glad to share my property in return for a share in everybody else’s property”
Luke points out that under an equal division of wealth, this would amount to only forty-three dollars per person but Windy does not think this is a fatal flaw. At least, he points out, profit-centered businesspeople would no longer be calling the shots. Luke responds, “After a fairly long life of observation, I have failed to discover that politicians are more to be trusted than businessmen.”
To get rid of his annoying houseguest, Luke persuades his friend, Henry Jason, to hire Windy as a glorified office boy in his new factory, helping him become self-supporting. Jason agrees to humor Windy’s vanity by designating him as “Contact Manager.”
“That’s fine, it doesn’t mean a thing and it sounds important,” Jason observes, “but I don’t know whether one could ask a contact manager to go and get some stamps, for instance.”
“Oh, easy, just ask him to uh… contact the post office and bring some.”
Image Credit: Archives, Hagley Museum and Library
Windy visits the factory construction site and proceeds to lecture the foreman about his job. After listening to his advice, the foreman vents: “That’s just the trouble. We got contact managers thinking they can build factories and professors running business and…smart-aleck lawyers trying to run the whole government. There’s only one thing those people can do to help business recovery and that’s the same thing a blacksmith would do if you took your watch to him to be repaired: he’d leave it alone.”
But Windy’s confidence in his worldview never flags. In answer to the charge that he is a “utopia chaser,” Windy emphasizes that he only wants to “devote my ingenuity to the betterment of my fellow men through careful research into the possibilities of a planned economic solution.” To this, Dick Collins answers, quite overoptimistically, that “by the time you get around to it you’ll be completely out of fashion. The passing of the theorist plague is already well underway. Where’s the technocracy of yesteryear, the EPIC [End Poverty in California] plan, the public pension plan, and all the other crackpot plans? They’re all wilted under the cold light of reason.”
Other memorable characters include the charmingly uncouth but down-to-earth ex-boxer Gus Olson. Gus knows all the “big shots” in town and is a rival with Windy Bill for Leticia’s affections. He works as little as possible and is proud of it. But Luke, impressed by his intelligence, bluntness, and resourcefulness, sees greater potential. As a kind of experiment, he hires him as a janitor with the title of “boondoggler.” Much later, Gus finds out that a distant Irish relative has willed him two million dollars.
The show’s defense of the “possessive instinct” anticipates the views of Ayn Rand.
Luke: I’ve just been thinking in here away from that maddening crowd that the possessive instinct is the most valuable one owned by man.
Myra: My, that sounds greedy.
Luke: No, far from it. The instinct to acquire possessions
to save them build on them is the greatest contributing
factor in the growth of civilization.
Myra: Well then, it’s lucky we’ve got a possessive instinct.
Luke: What I don’t understand is why our radical friends are intent on destroying that instinct. They seem to think the ideal existence would be to crush it to make way for a scheme of things that only includes the mass of dumb sheep accepting what the political overlords feel like handing down to them.
The central role of women in the writing and production was evident in several storylines. Myra Robinson, who hosts her own radio show in Centerville, and Betty Robinson Collins are instrumental in a campaign to save the Centerville Herald from almost inevitable bankruptcy. Gus does his best to help, volunteering that the dubious Butch Scarlotti, a “pal of mine…could loan us anything up to 100 grand and not even feel it.” Dick gently rejects the offer because any association with the likes of Scarlotti would damage the paper’s reputation. Finally, the group decides to approach Robinson’s factory-owning friend Dave Markham, but only after launching a successful campaign to increase circulation and sell ads.
It is Betty who comes up with the winning strategy. She notes that people are more likely to buy a paper, and purchase ads, if it includes stories about “their worst enemy or their best friend or, better yet, has their name in it.” Anticipating social media and user-generated media, the group supports creation of a “reader column” in which three readers per day air their views.
Image Credit: Archives, Hagley Museum and Library
Dick Collins observes readers would not only subscribe to see themselves in print, but “then they’ll subscribe to compare their column with those written by their friends.” With Myra’s broadcasts spreading the word, he adds that “we could keep it going we would never run out of contributors or subscribers either, while we could go right through the town directory and then go back and start over.”
The success of the fundraising campaign leaves Windy unimpressed, however: “this one case of mutual aid doesn’t make a summer. Your precious businessmen are still storing away the profits. Why, it wasn’t Private Industry that pulled us through the depression. Everybody knows that it was federal funds that kept us going.”
To this, Dick notes that these “stored away” profits provided the necessary wherewithal for rescue efforts, such as the effort that saved the Herald. “The whole country,” he adds, “has been living on Capital accumulated during the good years.”
Changes in broader political and regulatory context shaped the eventual fate of The American Family Robinson. By the late 1930s, programs deemed too “controversial” (especially those questioning the New Deal consensus) were increasingly under attack.
The American Family Robinson was one program that suffered pressures from both the FCC and the “voluntary code” of the National Association of Broadcasters. The code prohibited stations from accepting “free offers” if the purpose was to recruit members for an organization or to foster a point of view.
“Unless the station presents the other side of the picture,” it warned, “it might be accused of bias.” In June 1939, the National Association of Broadcasters specified that both The American Family Robinson and the ACLU, which regularly sent out scripts to stations providing commentary from a civil liberties perspective, were on its list of potential offenders. It urged stations to “write to Headquarters for information about these.”
In response to accusations that The American Family Robinson was anti–New Deal, the National Industrial Council replied defensively that it was “not ‘anti-’ anything or anybody.” Rather the goal of the program was to “present openly, and as effectively and attractively as radio will permit, the fundamental principle that freedom of speech and of the press, freedom of religion, and freedom of enterprise are inseparable and must continue to be if the system of democratic government under which this country has flourished is to be preserved.”
By 1940, when the National Industrial Council produced a new run of shows, the content became ever more innocuous and often indistinguishable from a typical substandard soap opera. The previous eagerness of characters to question, or even discuss, the New Deal welfare and regulatory states gradually faded away. To the extent that the later episodes expressed ideas or broader social goals, they took the form of simplistic bromides on such topics as the importance of marital understanding and the need for concerted cooperation for national defense mobilization. Windy Bill, later played by a WC Fields wannabe who lacked Latham’s deft touch, became typical comedy relief, and nothing more.
Several factors contributed to these changes, including a shift in national priorities on the eve of war and pressures from the National Association of Broadcasters which made stations more averse to politically charged topics. The National Association of Manufacturers also had an ambiguous influence. To many in that organization, a defense of the parochial interests of big business (it had supported the extremely statist National Industrial Recovery Act in 1933) took precedence over promoting the free market as such. When the final episode signed off in September 1941, the show was only a shell of its former self.
The American Family Robinson was mostly forgotten in later years. Most historians of radio mention it only as a sidelight and, despite much ideological overlap, nobody has connected it to libertarian thinkers of the period such as Ayn Rand, Isabel Paterson, Rose Wilder Lane, or people who in turn influenced a later generation of thinkers like Milton Friedman and Murray Rothbard.
Probably the most intriguing historical link was between African-American novelist and folklorist Zora Neale Hurston (who had great affinity for libertarian ideas) and the two script writers, Douglas Silver and Marjorie Bartlett Silver. The Silvers (Douglas founded and was president of the main radio station in Fort Pierce, Florida) befriended Hurston during the 1950s. After Hurston had a stroke, Marjorie was instrumental in salvaging a copy of her biography of King Herod, which had narrowly escaped a bonfire.
During its heyday, The American Family Robinson registered an often creative, intelligent, and entertaining dissent from the New Deal consensus. The show’s exposition of the benefits of markets, self-reliance, voluntarism, and thrift, as well as the follies of bureaucracy, anticipated the later popularization of these ideas. But The American Family Robinson was also fighting against the current during a period when these ideas were on the defensive, and the welfare and warfare states were ascendant.
Plus airborne electromagnetic (‘EM’), magnetic, and radiometric survey totaling 2,198 line-kilometres across the majority of the projects. 
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2025/20/c0641.html 
