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Shooting the American Dream in the Foot?

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For much of the twentieth century, the American Dream promised a straightforward bargain: work hard, save wisely, and secure a comfortable life. Today, that promise is fading. Surveys show only 31 percent of Americans believe the American Dream is still attainable. For my generation, Gen Z, lofty expectations of prosperity clash with economic realities, leaving many disillusioned.

The culprit is not just inflation or abnormally high interest rates, but also a petty populism that enchants leaders across the political spectrum. From Donald Trump’s tariffs to Joe Biden’s subsidies, both sides embrace protectionist policies that undermine the very Americans they claim to champion. These measures, cloaked in slogans like “Make America Great Again” or “Bidenomics,” are eroding the path to the American Dream.

Protectionist policies — tariffs on Chinese furniture, subsidies for domestic chipmakers, “Buy American” mandates — are building a “fortress economy” that traps sluggish growth and higher prices inside. According to the Tax Foundation, Trump’s tariffs would reduce US GDP by 0.8 percent over the next decade, translating to an average tax increase of $1,300 per US household in 2025. These estimates are understated, as they don’t account for the shrinking choices consumers face and the higher prices for substitute goods.  

Trump’s latest round of tariffs on furniture alone will raise prices for millions of households, as his previous import restrictions have already done. In fact, US furniture companies, the supposed beneficiaries of these tariffs, opposed Trump’s plan, arguing that these “tariffs cannot reopen factories that no longer exist, bring back thousands of workers who retired or moved on to other industries, nor reverse the interests and inclinations of today’s younger workers, who are attracted to higher-paying trades.”

Biden’s policies, despite their “green” rhetoric, mirrored this approach, raising input costs and slowing productivity growth without reviving manufacturing or clean energy. In his new book, Crushing Capitalism, Norbert Michel argues that populist agendas are depressing the brakes on decades of unprecedented US economic growth. He explains that the narrative of too much “liberalism” hollowing out the middle class is not only wrong, but dangerous.

These policies hit lower-income households hardest, functioning as a regressive tax, as Scott Lincicome of the Cato Institute notes. Steel and lumber tariffs, for instance, drive up housing costs, while subsidies divert capital from more productive uses, dampening economic growth. Deficit spending, fueled by protectionist schemes, further erodes real wages through inflation. The result is an economic storm that all Americans, especially the working class, must weather.

Nowhere is the retreat of the American Dream more evident than in housing. 

An Economist analysis found that in most US cities, a single person can’t afford to live alone without spending more than 30 percent of their income on rent. In other words, Americans are becoming house poor, or more accurately, apartment poor.

Young buyers, once an energetic customer base for housing, are increasingly priced out, their down payments swallowed by creeping inflation and stubborn student debt. Tariffs on Canadian lumber add thousands to the cost of a new home, while local zoning laws, like minimum-lot-size requirements, choke supply. Starter homes are increasingly unattainable, replaced by a rental treadmill that traps younger Americans outside the realm of homeownership.

This housing crisis is forcing many millennials and Gen Zers to turn to the stock market to chase wealth, a risky substitute for the stability of homeownership. Without reforms such as deregulating housing markets and scrapping protectionist tariffs, affordable homes will remain out of reach.

At its core, protectionism reflects a distrust of ordinary Americans, Don Boudreaux writes. It assumes citizens are too foolish to spend wisely, needing government to “correct” their choices. Trade is not a zero-sum game, butt a positive-sum exchange that has, over decades, raised living standards and the very prospect of the American Dream itself. There is no American Dream without free trade.

Protectionism reverses these gains, raising prices and limiting consumer choice.

The long-term costs are equally dire. Biden’s green subsidies and Trump’s trade wars have pushed the economy toward stagnation and inflation. Federal debt is at historic highs, productivity is sputtering, and uncertainty over taxes, trade, and regulations stifles growth. This environment punishes aspiration, making the Dream feel like a taunt rather than a promise.

Reviving the American Dream requires dismantling the fortress economy. Scrap tariffs that inflate consumer prices. Reform zoning laws to boost housing supply. Restrain federal spending to curb inflation. Above all, trust Americans to make their own choices in the marketplace.

The so-called “abundance movement,” sparked by Ezra Klein and Derek Thompson’s recent book on the subject, is a promising development among progressives. But their overreliance on government actors to solve economic challenges threatens the very supply-side abundance they hope to achieve.

The American Dream was never about government guarantees — it was about opportunity, the chance to rise through the sweat of your brow. Populism’s suspicion of markets and its faith in bureaucratic management undermine the ethos of opportunity. Americans don’t need government meddling. They need affordable goods, stable prices, and economic breathing room.

To remain a land of opportunity, America must embrace openness, competition, and economic freedom. Only then can the American Dream be fully unlocked for a new generation.

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Top 5 Canadian Silver Stocks of 2025

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Silver’s performance in 2025 is drawing attention to silver-mining companies as investors look to gain exposure to the metal’s success.

During Q3 2025, the silver price closed in on all-time highs, reaching a quarterly high of US$46.92 per ounce on September 29. Since that time, silver has soared even higher, breaking the US$50 mark and setting a new all-time high silver price of US$52.64 on October 13.

The price has seen firm support from fundamentals, as silver continues to experience structural supply deficits, while industrial silver demand remains near record levels. Investment demand is also rising as investors return to the market, seeking a more affordable safe-haven alternative to gold.

How has silver’s price movement benefited Canadian silver stocks on the TSX, TSXV and CSE? The five companies listed below have seen the best performances since the start of the year.

Data was gathered using TradingView’s stock screener on October 13, 2025, and all companies listed had market caps over C$10 million at that time.

1. Santacruz Silver (TSXV:SCZ)

Year-to-date gain: 765.45 percent
Market cap: C$866.79 million
Share price: C$2.38

Santacruz Silver is an Americas-focused silver producer with operations in Bolivia and Mexico. Its producing assets include a 45 percent stake in the Bolivar and Porco mines, which it shares with the Bolivian government, and a 100 percent ownership of the Caballo Blanco Group mines in Bolivia, along with the Zimapan mine in Mexico.

In its Q2 2025 results, Santacruz reported silver production of 1.42 million ounces from the mines, as well as silver equivalent production of 3.55 million ounces, which includes its zinc, lead and copper production.

In addition to its producing assets, Santacruz also owns the greenfield Soracaya project, an 8,325 hectare land package located in Potosi, Bolivia. According to an August 2024 technical report, the site hosts an inferred resource of 34.5 million ounces of silver derived from 4.14 million metric tons of ore with an average grade of 260 g/t.

In October 2021, Santacruz acquired Glencore’s (LSE:GLEN,OTC Pink:GLCNF) 45 percent stake in the Bolivar and Porco mines and a 100 percent interest in the Soracaya project. Under the terms of the deal, Santacruz made an initial payment of US$20 million and was obligated to make an additional US$90 million over a four-year period from the closing of the transaction. Glencore also retained a 1.5 percent net smelter return.

The pair amended the deal in October 2024, giving Santacruz the option to either pay off the US$80 million base purchase price through annual US$10 million installments or to accelerate the repayment by paying US$40 million by November 2025. The deal also includes additional terms such as monthly payments to Glencore contingent on zinc pricing benchmarks.

Santacruz chose the accelerated option through a structured payment plan, allowing it to satisfy the base purchase price of the properties while saving US$40 million compared to the annual installment option. On September 4, the company announced that it had made its fourth and fifth payments, completing all payments to Glencore.

The most recent news for the Soracaya project was announced on October 7, when Santacruz stated that it was initiating development activities and would be applying for a full production permit.

Shares in Santacruz reached a year-to-date high of C$2.79 on September 29.

2. Andean Precious Metals (TSX:APM)

Year-to-date gain: 563.48 percent
Market cap: C$1.14 billion
Share price: C$7.63

Andean Precious Metals is a precious metals company with a pair of operating assets in the Americas.

Its primary silver-producing operation is the San Bartolomé facility in the Potosi Department of Bolivia. The onsite processing facility has an annual ore capacity of 1.8 million metric tons. The company has transitioned from conventional mining and is processing feed from both its low-cost fines deposit facility and third-party ore purchases.

Its other producing asset is the Golden Queen mine in Kern County, California, US. It hosts a 12,000 metric tons per day cyanide heap leach and a Merrill-Crowe processing facility. A mineral reserve statement showed a measured and indicated silver resource of 11.24 million ounces from 41.81 million metric tons at an average grade of 8.37 g/t silver. The company acquired Golden Queen from Auvergne Umbrella in November 2023 for total consideration of US$15 million.

On June 2, Andean announced it entered into an exclusive, long-term agreement with the Bolivian state-owned mining company Corporacion Minera de Bolivia to acquire up to 7 million metric tons of oxide ore from mining concessions in Bolivia.

The ore is located within a 250 kilometer radius of the processing facility at its San Bartolomé operation, where it will process the ore. Under the terms of the 10 year agreement, Andean will immediately receive an initial 250,000 metric tons of ore, with the remaining to be delivered in tranches of 50,000 metric tons.

On July 17, Andean released its Q2 operating results. During the first half of the year, it produced 2.04 million ounces of silver across its operations, toward the upper end of its guidance of 1.84 million to 2.16 million ounces. It also noted that it anticipates further ramp-up at both its mines in the second half of the year.

In its Q2 financial results released on August 12, the company reported an increase in net income for the first half of the year to US$32.02 million, compared to US$9.31 million during the first half of 2024.

Shares in Andean Precious Metals reached a year-to-date high of C$8.83 on October 1.

3. Avino Silver & Gold Mines (TSX:ASM)

Year-to-date gain: 455.12 percent
Market cap: C$1.06 billion
Share price: C$7.05

Avino Silver & Gold Mines is a precious metals miner with two primary silver assets: the producing Avino silver mine and the neighboring La Preciosa project in Durango, Mexico.

The Avino mine is capable of processing 2,500 metric tons of ore per day, and according to its FY24 report released on January 21 the mine produced 1.1 million ounces of silver, 7,477 ounces of gold and 6.2 million pounds of copper last year. Overall, the company saw broad production increases with silver rising 19 percent, gold rising 2 percent and copper increasing 17 percent year over year.

In addition to its Avino mining operation, Avino is working to advance its La Preciosa project toward the production stage. The site covers 1,134 hectares, and according to a February 2023 resource estimate, hosts a measured and indicated resource of 98.59 million ounces of silver and 189,190 ounces of gold.

In a January 15 update, Avino announced it had received all necessary permits for mining at La Preciosa and begun underground development at La Preciosa. It is now developing a 350 meter mine access and haulage decline. The company said the first phase at the site is expected to cost less than C$5 million, which will be funded from cash reserves.

In Avino’s Q2 financial report released on August 13, the company noted that work was progressing at the site according to plan, with blasting and construction of the San Fernando main access decline underway. It added that a new jumbo drill was working on the ramp towards intercepting the Gloria and Abundancia veins.

On the production and finance side, the company reported improved cost-per-ounce metrics, with cash costs per silver equivalent payable ounce decreasing 7 percent to US$15.11 and all-in-sustaining costs decreasing 8 percent to US$20.93. It also reported a 50 percent year-over-year increase in revenue during the quarter to US$40.64 million, from US$27.18 million during the same period in 2024.

Avino indicated silver production of 549,300 ounces in the first half of 2025, an increase of 1 percent over H1 2024, and 283,619 silver ounces in Q2 alone, a decrease of 3 percent over Q2 2024.

Avino shares reached a year-to-date high of C$7.60 on October 3.

4. Capitan Silver (TSXV:CAPT)

Year-to-date gain: 404.76 percent
Market cap: C$181.29 million
Share price: C$1.59

Capitan Silver is an explorer focused on advancing silver and gold projects in Durango, Mexico. The company’s flagship asset is the 100 percent owned Cruz de Plata project in the heart of Mexico’s historic Peñoles Mining District. The region is known for hosting significant silver mineralization and historic mining.

The Cruz de Plata project encompasses two historic silver mines — Jesús Maria and San Rafael — and the El Capitan oxide gold deposit.

According to a 2020 technical report, the Jesús Maria deposit hosts an inferred resource of 15.16 million ounces of contained silver and 26,000 ounces of gold from 7.57 million metric tons of ore with average grades of 62.3 g/t silver and 0.12 g/t gold.

El Capitan hosts an inferred resource of 1.83 million ounces of silver and 305,000 ounces of gold from 20.72 million metric tons of ore grading 2.8 g/t and 0.46 g/t respectively.

Capitan Silver has made a series of strategic acquisitions during the second and third quarters.

On June 11, the company completed the purchase of a 2 percent net smelter royalty in place at Cruz de Plata from Exploraciones del Altiplano and eliminated the royalty. Total costs incurred by Capitan were US$1 million.

Then, on August 22, the company executed a definitive agreement to acquire a strategic land package surrounding its Cruz de Plata property from Fresnillo (LSE:FRES,OTC Pink:FNLPF) for total cash consideration of US$4 million. The transaction was initially announced in June.

The new parcel consists of seven mineral concessions covering 2,171.4 hectares. It increases Capitan’s total holdings in the area by 85 percent and the surface expression of the silver-gold trend by 1.2 kilometers to the east.

Capitan’s most recent news from Cruz de Plata came on October 1, when the company reported it identified six priority targets and is advancing them a drill-ready stage. It also increased the total length of known veins containing silver mineralization from 7 kilometers to 20 kilometers.

As for the exploration program at the site, the company expanded its Phase 1 drill program by 50 percent to 15,000 meters, and is expecting a property-wide geophysical survey to be completed during the first quarter of 2026.

Shares in Capitan reached a year-to-date high of C$1.85 on September 22.

5. Americas Gold and Silver (TSX:USA)

Year-to-date gain: 312.14 percent
Market cap: C$1.59 billion
Share price: C$5.77

Americas Gold and Silver is a US and Mexico-focused precious metals producer. The company is one of the US’ largest primary silver miners.

Its primary operations consist of the Galena Complex in Idaho, US, and the Cosala Operations in Sinaloa, Mexico.

The Galena complex operates in the Silver Valley, a historic mining district that is home to Bunker Hill, Sunshine and Lucky Friday mines.

Americas Gold and Silver is currently working on a two phase plan to increase efficiency at the mine’s No. 3 shaft. On September 16, the company announced it completed the first phase, upgrading the hoisting capacity from 40 tons to 80 tons per hour of material movement.

It also said that Phase 2 upgrades are scheduled to begin before the end of 2025, including upgrades to the hoist pads, the installation of a hoist control console and the deployment of an antenna system in the shaft that will support upgrades to automation.

The Cosala operations in Sinaloa comprise 67 mining concessions spanning 19,385 hectares and include the Los Braceros processing facility, the San Rafael mine, and the EC120 development project.

The company is currently transitioning its operations away from San Rafael to the EC120 orebody, aiming to bring EC120 into production by the end of 2025. While San Rafael contains higher levels of zinc and lead, EC120 hosts higher grades of silver and copper.

In its second quarter results released on August 11, Americas Gold and Silver reported a 36 percent year-over-year increase in consolidated silver production during the quarter to 689,000 ounces, with zinc and lead by-products bringing its production to 839,000 silver equivalent ounces.

Despite the increase in production, the company noted a 19 percent decrease in revenue at US$27 million versus US$33.2 million during Q2 2024. It attributed the revenue decline to lower production and byproduct revenue from zinc and lead sales as it transitioned away from San Rafael.

Shares in Americas reached a year-to-date high of C$6.02 on October 8.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

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Cleantech Market Update: Q3 2025 in Review

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The cleantech sector experienced a dynamic third quarter, with predictions of volatility coming to fruition.

While global investment in renewable energy is strong, notable pullbacks in US spending and regulatory challenges under the Trump administration have clouded the near-term cleantech outlook. Electric vehicle (EV) sales showed mixed trends, with a rush observed ahead of the phase-out of American federal tax incentives at the end of September.

The quarter was also marked by several major mergers, funding rounds and technological developments.

Regulatory currents and investment flows shape cleantech market

The third quarter began with important cleantech policy signals and shifts in industry strategy.

Although global capital flows into renewables reached a record US$386 billion in H1 2025, according to data analyzed by BloombergNEF, a steep 36 percent year-on-year drop in US renewable project spending reflects investor uncertainty in response to changing policy conditions and the expiration of tax incentives.

Regulatory headwinds took center stage as the US Environmental Protection Agency under Lee Zeldin sought to overturn the agency’s scientific findings on greenhouse gases, stirring debate on climate regulatory directions.

Meanwhile, the Trump administration’s Department of the Interior moved to halt the planned US$6 billion Maryland offshore wind project, and paused work on Orsted’s (CPH: ORSTED,OTC Pink:DNNGY) Rhode Island offshore wind farm, triggering market pushback and state-level efforts to resume construction.

A judge later allowed the continuation of construction on the Rhode Island wind farm amid legal challenges.

While offshore wind faced setbacks from regulatory halts and legal challenges, the US solar sector demonstrated resilience, experiencing a notable 25 percent increase in corporate M&A activity in H1.

That increase was highlighted by Brookfield Renewable Partners’ (NYSE:BEP) US$2.8 billion acquisition of Duke Energy’s (NYSE:DUK) solar assets, as well as FlexGen’s purchase of Powin.

During Climate Week NYC, power giant Constellation Energy (NASDAQ:CEG) CEO Joseph Dominguez noted the potential for consolidation in the renewables sector. Despite federal tax credit phase-outs, wind and solar are supported by over 30 state-level programs, creating evolving investment opportunities for well-capitalized companies.

Adding to this insight, former US Vice President Al Gore emphasized the need to reconsider nuclear power as artificial intelligence (AI) electricity demand grows. While skeptical about the high costs of small modular reactors, Gore sees fusion power as promising, but probably farther off than some optimists predict.

He acknowledged that green hydrogen sentiment is overly optimistic, noting that its “bubble has burst” due to slow cost declines, although it retains promise for heavy industry uses like low-emissions steel production.

Aside from that, Gore referred to direct air capture as “overhyped” and not a “safe bet,” while calling deep geothermal “properly hyped,” but with uncertain commercial timelines.

At the same time, US Secretary of Energy Chris Wright indicated that an overhaul of permitting processes would expedite energy infrastructure projects facing intense opposition; however, the government shutdown, now heading into its third week, has created significant uncertainty and will likely lead to further delays.

Despite perceived setbacks, Q3 brought private sector investment in scalable clean infrastructure. Investors increasingly backed cleantech initiatives focused on transformative growth and digital infrastructure aligned with the evolving energy transition. Notable financing rounds went toward low-carbon data centers and battery storage. Investments like climate fintech firm Eventual’s US$7.5 million in seed funding also hint at growing investor interest.

These cleantech sector developments highlight a complex landscape where regulatory challenges in the US coexist with ongoing innovation and investment momentum, setting the stage for a critical period of adjustment and opportunity in the renewable energy sector, both above and below the American border.

In an interview with the Globe and Mail, Jigar Shah, former director of the Loans Program Office in the US Department of Energy, said Canadian cleantech firms have an opportunity to fill the void left in the industry by the US, but that decisive action is required to prevent companies from seeking out other jurisdictions.

Twists and turns in the EV race

The third quarter marked a pivotal period for the EV market.

Cox Automotive forecast in September that EV sales would hit a record of 409,000 units in Q3, in line with previous estimates that predicted a surge as buyers rushed in before the end of the US federal EV tax credit.

Automakers Ford Motor (NASDAQ:F), General Motors (NYSE:GM) and Hyundai Motor (KRX:005380,OTC Pink:HYMTF), all of which have extended EV discounts to after the expiration of the tax credit, reported record EV sales in Q3, with Ford’s EV sales rising over 30 percent, and GM’s EV sales more than doubling thanks to a diverse product lineup under the Chevrolet and Cadillac brands. Hyundai showed a 13 percent year-on-year increase, driven by EV sales.

In September, Ford announced a multibillion-dollar investment in American EV manufacturing facilities to pioneer a novel, efficient assembly process, aiming for a 2027 launch of a competitively priced midsize electric pickup.

Tesla’s (NASDAQ:TSLA) third quarter deliveries also hit a record, with estimates showing about 149,500 units, slightly higher compared to the 143,535 units reported in the second quarter. However, Cox Automotive’s numbers show that the company’s US market share has been steadily decreasing, slipping to 38 percent in August.

CEO Elon Musk said that the company will devote more of its resources to developing AI-driven autonomy going forward. Its robotaxi program officially launched this quarter, with initial testing beginning on July 1. The company reportedly experienced three crashes on its first day, underscoring ongoing technical hurdles. The National Highway Traffic Safety Administration has since launched another investigation into Tesla vehicles’ full self-driving technology, its second this year, after regulators received more than 50 reports of traffic violations and crashes.

Tesla also revealed its long-awaited more affordable EV models at the start of the fourth quarter. They were met with with cautious optimism by market participants. Investors will be carefully watching how these new models fare against intense price competition from domestic and foreign EV manufacturers.

Meanwhile, Tesla’s position in China continues to face pressure, with domestic manufacturer BYD Company (OTC Pink:BYDDF) surging ahead with a substantial lead. BYD delivered 582,500 pure EVs in the third quarter, nearly doubling Tesla’s China sales, which rebounded thanks to sales of the new Model Y L.

Advances in autonomous vehicle partnerships also progressed during the the third quarter, with Lyft (NASDAQ:LYFT) and Waymo collaborating on robotaxi services announced for launch next year in Nashville.

Waymo has moved to expand its user base by launching a new enterprise product, Waymo for Business, offering subsidized employee or event rides in its robotaxis in San Francisco, Los Angeles and Phoenix.

Facing rising competition, Uber Technologies (NYSE:UBER) said it plans to integrate autonomous vehicles alongside human drivers, partnering with Nuro and Lucid Group (NASDAQ:LCID) in a three part deal, with Uber purchasing 20,000 Lucid electric robotaxis over six years alongside licensing fees for Nuro’s self-driving technology.

Under the terms of the agreement, Uber will acquire minority stakes in both companies. The first robotaxis are expected to launch in a major US city next year.

Cleantech forecast for 2025

Q4 will be pivotal as the cleantech sector adjusts to the withdrawal of key federal incentives in the US, such as the rooftop solar tax credit, set to expire on December 31, and grapples with regulatory uncertainties.

Offshore wind projects face legal and administrative hurdles that may reshape regional renewable energy development.

Meanwhile, emerging areas of the cleantech market — such as advanced nuclear and climate fintech — offer promising growth paths, but require coordinated policy and investment frameworks. Reflecting this challenge, 11 states are collaborating to accelerate the development of advanced nuclear energy within their borders, seeking to create a strong and credible demand signal by coordinating commitments and dividing financial risks.

In autonomous vehicle innovation, Amazon’s (NASDAQ:AMZN) self-driving car subsidiary Zoox is seeking broader regulatory approval to operate up to 2,500 cars without traditional human controls.

If approved, Zoox would be able to conduct a first-of-its-kind paid commercial robotaxi service.

The US Department of Transportation plans to propose rules in spring 2026 to modernize vehicle safety standards for automated driving systems, including relaxing requirements tied to manual controls.

Forward-looking industry voices suggest cautious optimism, emphasizing the critical role of innovation, policy clarity and market adaptation in sustaining cleantech momentum into 2026.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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Australia, US Pen Rare Earth Metals Deal in Albanese-Trump Meeting

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Australian Prime Minister Anthony Albanese and US President Donald Trump signed a rare earths deal during their meeting at the White House on Monday (October 20).

The meeting was set to focus on critical minerals and rare earths, with Albanese telling Bloomberg on Sunday (October 19) that it would also be an opportunity to “consolidate and strengthen” the Australia-US relationship.

According to insiders, the deal had been in the works for five months.

During the meeting, Trump said he “never had any doubts” about the countries’ bond, adding that “there’s never been anybody better.” For his part, Albanese described the deal as an US$8.5 billion pipeline ‘that we have ready to go.’

The signing happened after opening remarks from Trump, during which the US president called the deal a “key objective” in reducing reliance on China. “Within a year, we’ll have critical minerals and rare earths that you won’t know what to do with them,” Trump said, adding, ‘They’ll be worth about two dollars.’

China currently holds the world’s largest rare earths reserves and is the top producer by far, but Australia has been highlighted as a key player as trade tensions between the US and China ramp up.

The country is home to some of the most significant rare earths operations globally, such as Lynas Rare Earths’ (ASX:LYC,OTC Pink:LYSDY) Mount Weld mine, and Arafura Rare Earths’ (ASX:ARU,OTC Pink:ARAFF) Nolans project.

Last week, several companies, such as Nova Minerals (ASX:NVA,NASDAQ:NVA), were invited to brief the Australian government on key projects prior to the country’s meeting with the US.

Nova was instructed to include an overview of its flagship Estelle gold project, including the key minerals identified, planned expansion activities and the company’s engagement with US government agencies.

The same goes for Resolution Minerals (ASX:RML,OTCQB:RLMLF), which was invited for a briefer on its Idaho-based Horse Heaven gold-antimony-tungsten project.

Both Nova and Resolution were among the top-gaining mining stocks on the ASX last week.

Trump supports Biden-era AUKUS deal

Albanese and Trump also discussed the AUKUS submarine deal, a multibillion-dollar agreement between Australia, the UK and the US, which is geared at boosting security in the Indo-Pacific region.

When asked whether AUKUS is meant to be a “deterrent” for China, Trump answered yes. However, he also said he doesn’t think that will be needed as the US military is the best in the world.

‘We’re going to get along great with China,’ he said.

AUKUS is worth around US$239 billion, or AU$368 billion, over 30 years.

Starting in 2032, Australia plans to buy three Virginia-class submarines from the US, with the option to get two more. These will fill the gap while the UK and Australia develop a new submarine model. Trump also said the US is working on building more submarines for Australia and is going to expedite submarine exports to the country.

Australia is expected to receive the first of the new submarines in the early 2040s.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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Torchlight Innovations (Doing Business as RZOLV Technologies) Announces Preliminary Positive Results on Rare Earth and Critical Mineral Recoveries

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Torchlight Innovations Inc. (TSXV: TLX.P) (‘Torchlight’ or ‘the Company’), doing business as RZOLV Technologies, is pleased to announce positive preliminary results from its metallurgical testing program focused on rare earth and critical mineral leaching using its proprietary RZOLV™ reagent system.

Modern economies are increasingly dependent on a broad suite of critical minerals and rare earth elements—including lithium, cobalt, nickel, praseodymium, tellurium, gallium, scandium, and others—that are essential to clean energy, advanced electronics, battery storage, and defense technologies.

According to the International Energy Agency (IEA), these minerals are ‘crucial to the performance of batteries, permanent magnets, and other clean energy technologies.’ The U.S. Department of Energy (DOE) similarly notes that critical minerals ‘are vital for a wide range of industries, including clean energy and defense,’ powering systems such as solar panels, wind turbines, and electric vehicle batteries. As traditional high-grade deposits become harder to access, attention is shifting toward secondary and unconventional sources such as tailings, mine waste, low-grade ores, brines, and industrial by-products. (Sources: https://www.iea.org/topics/critical-minerals| https://www.energy.gov/fecm/articles/developing-domestic-supply-critical-minerals-and-materials)

In this emerging landscape, a reagent like RZOLV™, capable of dissolving over twenty such elements, represents a potentially transformative advancement in sustainable mineral recovery.

Key Highlights

  • Multi-Element Recovery: RZOLV™ dissolved over 25 critical and rare earth elements under mild, non-toxic conditions, with standout recoveries of cerium (73%), manganese (64%), and cobalt (60%).
  • REE and Base Metal Versatility: Consistent recoveries (40-45%) for mid-series rare earths such as samarium, europium, and gadolinium demonstrate RZOLV™’s broad leaching capability across both transition and lanthanide elements, validating its cross-commodity potential.
  • Proven Chemistry: The reagent’s redox-complex system mobilizes metals without cyanide or harsh acids, enabling clean, efficient extraction.
  • Cross-Commodity Flexibility: Consistent recoveries across both base and rare earth elements confirm broad market potential.
  • Proven Compatibility: Leach solutions integrate easily with standard ion-exchange and solvent-extraction systems for scalable downstream recovery.
  • Compatibility with Standard Hydrometallurgy: RZOLV™ leach solutions are compatible with ion-exchange (IX) and solvent-extraction (SX) systems, providing efficient and selective pathways for downstream metal recovery and purification.
  • Sustainable Advantage: Operates at ambient temperature and low pH-lowering environmental risk, reducing cost, and unlocking value from tailings and low-grade sources.

Multi-Element Leachability Assessment of Critical and Rare Earth Samples Using the RZOLV™ Reagent System

Overview

Laboratory metallurgical investigations were undertaken to evaluate the leachability of multiple metallic and rare earth elements (REEs) from mineralized feedstocks obtained from two U.S.-based mining projects. The objective of this program was to assess the broader metal-solubilization potential of the RZOLV™ lixiviant system and to characterize its selectivity and efficiency across a diverse elemental suite.

Testing was performed using the standard RZOLV™ formulation without process optimization or reagent adjustment. As such, future results may vary depending on feed composition, mineralogy, and site-specific conditions.

Methodology

Representative composite samples were subjected to a series of bottle-roll leaching tests under controlled laboratory conditions. Each test employed the proprietary RZOLV™ non-cyanide leach reagent under standardized parameters designed to simulate low-intensity, ambient-temperature leaching environments.

Tests were conducted in sealed 1-liter HDPE vessels agitated continuously for 72 hours to ensure uniform contact between solids and solution. Post-leach solids (tails) were separated by vacuum filtration and washed thoroughly with deionized water to remove entrained solution. Pregnant leach solutions (PLS) were analyzed by Atomic Absorption Spectrometry, while head and residue samples were submitted to ALS Laboratories, an ISO-accredited analytical facility, for 61-element inductively coupled plasma-mass spectrometry (ICP-MS) analysis. Elemental recoveries to solution were calculated by mass balance, comparing head and residue assays for each element to quantify percentage dissolution.

Results and Discussion

The following table summarizes the unoptimized relative solubility of key metals and rare earth elements under the test conditions. Head and residue MS-ICP assays were compared to determine recovery to solution.

ELEMENT NAME ELEMENT SYMBOL NET RECOVERY
BERYLLIUM Be (%)
CERIUM Ce 73.50%
MANGANESE Mn 64.26%
COBALT Co 60.00%
CHROMIUM Cr 47.35%
GADOLINIUM Gd 45.00%
SAMARIUM Sm 44.12%
YTTRIUM Y 43.55%
EUROPIUM Eu 43.48%
NEODYMIUM Nd 43.48%
TERBIUM Tb1 42.86%
DYSPROSIUM Dy 42.81%
PRASEODYMIUM Pr 42.25%
LANTHANUM La 40.74%
HOLMIUM Ho 40.30%
ERBIUM Er 38.10%
NICKEL Ni 36.36%
VANADIUM V 33.33%
LUTETIUM Lu 33.33%
THULIUM Tm 31.43%
URANIUM U 27.59%
TELLURIUM Te 27.34%
BERYLLIUM Be 26.24%
INDIUM In 23.53%
YTTERBIUM Yb 22.58%
SCANDIUM Sc 16.96%

Interpretation

The results confirm that the RZOLV™ system promotes substantial solubilization of rare-earth elements, particularly cerium (73%), manganese (64%), and cobalt (50%), validating its oxidative and complexation capacity under mild acidic conditions.

Mid-series lanthanides (Sm, Eu, Gd) achieved recoveries of 40-45 %, consistent with partial liberation from refractory oxide or phosphate phases.

Lower recoveries of niobium (18%), scandium (17%), and lithium (23%) reflect incorporation within stable mineral matrices (e.g., columbite-tantalite, zircon, or silicate lattices) that require stronger oxidative or thermal activation for efficient leaching.

Recovery of Metallic and Rare Earth Elements from RZOLV™ Leach Solutions

Following the successful leaching of multiple metallic and rare earth elements (REEs) using the RZOLV™ lixiviant system, downstream recovery methods were considered to determine viable pathways for selective metal capture, concentration, and purification. The focus of this stage of investigation was to assess the suitability of ion exchange (IX) and solvent extraction (SX) systems for recovering valuable metals and REEs from pregnant leach solutions (PLS) generated under standard RZOLV™ leach conditions.

The RZOLV™ reagent produces a low-pH, moderately oxidizing solution characterized by high solubility for transition metals and trivalent rare-earth species. This chemistry aligns well with conventional hydrometallurgical separation methods, provided resin or extractant compatibility is maintained under the mildly acidic matrix.

Preliminary evaluations indicate that ion exchange and solvent extraction could be highly effective downstream recovery methods for RZOLV-derived leach solutions. Ion exchange offers rapid, high-capacity capture of base and rare-earth metals, while solvent extraction provides refined selectivity for high-purity product separation. Both methods are compatible with RZOLV’s low-toxicity matrix, enabling environmentally responsible and economically viable metal recovery.

Environmental and Process Implications

The multi-element solubilization profile underscores the potential of RZOLV™ as a selective and environmentally benign lixiviant for both precious-metal and critical-mineral recovery.

The reagent’s design eliminates the need for cyanide, chloride, or nitrate oxidants—minimizing hazardous effluents—while its regenerative electrochemical cycle enables near-closed-loop operation. Because RZOLV™ functions under mild aqueous conditions, without extreme temperatures, concentrated acids, or high-pressure systems, it offers a flexible and energy-efficient pathway for extracting critical minerals from complex matrices.

This adaptability allows deployment in diverse applications including ores, tailings, slag, low-grade stockpiles, flotation residues, concentrates, and industrial waste streams, with minimal process re-engineering. Closed-loop regeneration further reduces reagent consumption and operating costs, improving economic viability even for dilute or low-grade sources.

Key Benefits

  • Unlocking latent value: Enables recovery of valuable elements from waste or tailings, converting liabilities into revenue streams.
  • Reduced environmental footprint: Operates at ambient conditions with non-toxic reagents, reducing chemical hazards and remediation needs.
  • Cross-commodity flexibility: Capable of dissolving over twenty critical minerals, adaptable to multiple feed types and market shifts.
  • Support for circular economy and resource security: Facilitates domestic recovery of critical minerals and aligns with global sustainability objectives.

Conclusions

Bottle-roll test results and ICP-MS analyses confirm that RZOLV™ promotes significant dissolution across multiple elemental groups through synergistic redox-complexation chemistry. High recoveries of Ce, Mn, and Co highlight its oxidative power, while consistent REE mobilization demonstrates its capacity for complex formation under mild conditions. The results validate RZOLV™ as a versatile, low toxicity lixiviant for both precious and critical mineral extraction. Ongoing research is focused on refining reagent concentration, pH, and electrochemical regeneration to further enhance recovery efficiencies for refractory elements.

This research is preliminary in nature. Assay results are based on head/tails ICP-MS performed by ALS Labs. Test materials have been subjected to the standard RZOLV™ formula with no reagent optimization. Results will vary based on minerology and this data provides no guarantee of future success or economic viability.

About Torchlight Innovations Inc. (doing business as RZOLV Technologies)

Torchlight Innovations is a clean-technology company with a mission to transform the global mining industry through safer, sustainable, and high-performance extraction technologies. The Company has developed RZOLV™, a proprietary non-toxic, water-based hydrometallurgical formula that replaces cyanide in gold leaching.

While cyanide has been the industry standard for over a century, its toxicity has led to widespread environmental concerns, costly permitting, and outright bans in several jurisdictions. RZOLV™ offers equivalent recovery efficiency and cost performance with a non-toxic, reusable, and environmentally responsible profile.

The Company is currently focused on validating its technology through industrial-scale pilot programs, after which full commercialization and licensing activities will begin. The Company has safeguarded RZOLV through 2 international patent filings and a comprehensive intellectual-property framework that includes protection for its chemical formulation, regeneration processes, and specific applications in heap leaching, vat leaching, tank leaching and concentrate treatment.

Contact

Duane Nelson
President and CEO
Torchlight Innovations Inc.
Email: duane@innovationmining.com
Phone: 604-512-8118

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

Forward-Looking Statements

This News Release contains ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words ‘anticipates,’ ‘believes,’ ‘may,’ ‘continues,’ ‘estimates,’ ‘expects,’ and ‘will’ and words of similar import, constitute ‘forward-looking statements’ within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information with respect to our Research and Development activities Wherever possible, words such as ‘plans’, ‘expects’, ‘projects’, ‘assumes’, ‘budget’, ‘strategy’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘anticipates’, ‘believes’, ‘intends’, ‘targets’ and similar expressions or statements that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information. Statements concerning future revenue or earnings estimates may also be deemed to constitute forward-looking information. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information. Forward-looking information is based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information.

Source

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Trump breaks ground on massive White House ballroom project with private funding from ‘patriots’

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President Donald Trump announced on Monday that construction has begun on a new, privately funded White House Ballroom – a long-envisioned addition designed to host state visits and large gatherings – as part of a modernization of the East Wing.

‘I am pleased to announce that ground has been broken on the White House grounds to build the new, big, beautiful White House Ballroom,’ Trump said on Truth Social. ‘Completely separate from the White House itself, the East Wing is being fully modernized as part of this process, and will be more beautiful than ever when it is complete!

‘For more than 150 years, every President has dreamt about having a Ballroom at the White House to accommodate people for grand parties, State Visits, etc. I am honored to be the first President to finally get this much-needed project underway — with zero cost to the American Taxpayer!’ he continued. ‘The White House Ballroom is being privately funded by many generous Patriots, Great American Companies, and, yours truly. This Ballroom will be happily used for Generations to come!’

White House press secretary Karoline Leavitt said during a briefing in July that the construction of the estimated $200 million new ballroom would begin in September and be ‘completed long before the end of President Trump’s term.’

Her announcement came after a similar gesture earlier this year, when Trump personally financed the installation of two 88-foot American flags flanking the White House, each reportedly costing about $50,000.

‘The White House is currently unable to host major functions honoring world leaders in other countries without having to install a large and unsightly tent approximately 100 yards away from the main building’s entrance,’ Leavitt said at the time, adding the new ballroom will be ‘a much needed and exquisite addition.’

She also said the United States Secret Service will provide the necessary security enhancements and modifications during the construction.

The project is intended to provide a dedicated space for hosting official events, state dinners and large ceremonial gatherings.

The new 90,000-square-foot addition will accommodate approximately 650 seated guests and will stay true to the classical design of the White House.

The White House does not have a formal ballroom, and the new ballroom will take the place of the current East Wing of the White House.

Trump chose McCrery Architects to design the project, with Clark Construction overseeing the build and AECOM providing engineering support.

Fox News Digital’s Amanda Macias contributed to this report.


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‘It’s a joke’: White House dismisses ‘No Kings’ protests, while Nancy Pelosi rips crown in defiance

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While President Donald Trump and his administration brushed off the ‘No Kings’ nationwide protests rebuking the president over the weekend, Democrats lauded the protesters for standing up for democracy. 

The protest marked at least the second time ‘No Kings’ rallies have been organized across the country in major cities, including Washington, New York City and Los Angeles, since Trump took office for the second time, and organizers claim the protests are in opposition to his authoritarian policies. 

Meanwhile, Trump pushed back on the description of ‘king,’ as he and other Republicans poked fun at the millions participating in the rallies. 

‘I’m not a king,’ Trump told reporters Sunday on Air Force One. ‘I work my ass off to make our country great. That’s all it is. I’m not a king at all.’

Trump also characterized the protests as inconsequential, and said that those who participated didn’t accurately reflect the people who make up the U.S. 

‘The demonstrations were very small, very ineffective and the people were whacked out,’ Trump said Sunday. ‘When you look at those people, those are not representative of the people of our country.’

Despite Trump’s rejection of being labeled a king, the official White House social media accounts previously posted an image in February of Trump wearing a crown with a caption claiming ‘long live the king.’ Trump also reposted an AI-generated video that Vice President JD Vance originally shared, depicting Trump placing a crown on his head and drawing a sword. 

Additionally, Trump shared another AI-generated video of him donning a crown in a fighter jet over New York City, unloading what appeared to be feces on the protesters. 

Meanwhile, Speaker of the House Mike Johnson, R-La., said that Senate Minority Leader Chuck Schumer, D-N.Y. needed a distraction from the government shutdown that started Oct. 1, although Johnson did admit that the protests turned out to be a ‘violent-free, free speech exercise.’ 

‘They needed a stunt,’ Johnson said in an interview with ABC Sunday. ‘They needed a show. Chuck Schumer has — needs cover right now. He’s closed the government down because he needs political cover, and this was a part of it.’

However, Democrats said the protests were an opportunity to stand up for democracy. For example, Schumer said that there are ‘no dictators’ in the U.S., and that ‘we won’t allow Trump to keep eroding our democracy.’ 

‘Dictators evolve when good people of all different beliefs and backgrounds stay silent,’ Schumer said in a social media post on Saturday. ‘This No Kings Day says we will not stay silent.’

Additionally, former Speaker of the House Nancy Pelosi shared a video clip of her dismantling a plastic crown, appearing to harken back to when she ripped Trump’s State of the Union address in 2020. 

‘We’re gonna tear up the crown!’ Pelosi said in the brief clip, which she shared on social media with the caption: ‘No crown. #NoKings!’ 

Sen. Adam Schiff, D-Calif., also weighed in, claiming ‘we said ‘hell no’ to kings, and reminded the nation and the world what patriotism looks like.’ 

‘From our nation’s capitol to cities across California, millions stood shoulder to shoulder to say that our democracy is worth fighting for, that our voices will not be silent, and that we will not sit back and let a wannabe king take our freedoms,’ Schiff said Saturday to accompany several photos of himself at the protest in Washington. ‘Proud to stand with you.’ 

Additionally, Sen. Patty Murray, D-Wash., said the protests were reflective of the democratic process in the U.S. 

‘This is what democracy looks like!’ Murray said in a Saturday social media post. ‘We use our voices and our votes. NO KINGS IN AMERICA!’


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Rich Checkan: Gold Nowhere Near Top, Use Price Dips to Buy

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Morgan Stanley (NYSE:MS) recently recommended that investors consider a 60-20-20 portfolio where 20 percent is allocated to gold.

Rich Checkan, president and COO of Asset Strategies International, crunches the numbers, explaining what that type of shift could mean for the yellow metal.

He also shares his thoughts on gold and silver’s ongoing price run.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Copper Price Update: Q3 2025 in Review

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Copper prices were volatile during Q3, swinging to record highs of US$5.81 per pound on the COMEX.

The movement was fueled by traders importing copper products into the US following President Donald Trump’s tariff announcement on July 8. However, prices fell in early August as the White House clarified its plans.

Since then, copper has reverted to being driven largely by its usual supply/demand fundamentals.

What happened to the copper price in Q3?

Copper prices opened the quarter at US$5.05, but quickly gained strength on the back of tariff fears, rising to US$5.65 on July 8. With little information about specifics, prices continued to rise — as mentioned, COMEX copper hit an all-time high of US$5.81 on July 23, but quickly plummeted to US$4.40 per pound by July 31.

At the start of August, copper prices saw further declines, reaching a quarterly low of US$4.37 on August 5. From there, prices hovered around the US$4.40 to US$4.50 range for the rest of the month and into September.

Copper price, July 1 to October 17, 2025.

Copper price, July 1 to October 17, 2025.

Chart via TradingEconomics.

At the start of September, copper experienced some upward momentum, but really took off in the middle of the month as supply fundamentals took over. By the end of September, prices were closing back in on US$5.

Since the end of the quarter, the copper market has continued to gain strength, with prices breaking through US$5 on October 3 and rising to US$5.11 on October 9.

US copper tariffs stoke price volatility

The big story to start the quarter was the Trump administration’s copper tariff announcement on July 8.

The news came after months of speculation following the government’s February launch of an investigation into how tariffs could be used to bolster national security under Section 232 of the Trade Expansion Act.

Copper market participants were caught off guard by the timing, as some had expected the tariffs to come later in the year, and at a lower rate than the announced 50 percent. Traders began importing copper into the US from abroad ahead of the implementation of the tariffs, and the increased volume drove prices for the metal to record highs by the end of the month; it also created a significant disparity between the COMEX and the London Metal Exchange (LME).

“The announcement of a 50 percent tariff on copper imports in early July created extreme volatility in the US copper market, triggering a surge in physical shipments into the country as buyers rushed to get ahead of the duty. This buying drove COMEX futures sharply higher and pushed the US premium over LME prices to an unprecedented 30 percent.’

White explained that during a copper short squeeze on the COMEX in 2024, copper premiums peaked at 8 percent; he also noted that the five year average for the COMEX-LME disparity is near parity at 0.5 percent.

Ultimately, copper tariffs were only applied to unrefined copper, as well as semi-finished and copper-intensive derivatives, such as pipe fittings, cables, connectors and electrical components.

Refined copper tariffs will be phased in at 15 percent in 2027, and 30 percent in 2028. The move essentially pulled the rug out from under traders, causing COMEX prices to plummet by nearly 25 percent.

White stated that with the tariff situation cleared up, copper prices once again reflected the underlying supply and demand fundamentals of low inventories and high demand resulting from the energy transition.

“These structural forces pushed copper prices internationally higher overall for the quarter, despite the mid-summer volatility. The tariff episode reinforced copper’s strategic importance and highlighted the fragility of global supply chains, factors that may strengthen the case for higher prices going forward,” he said.

Copper faces supply-side disruptions

According to the International Copper Study Group’s copper market forecast, released on October 7, refined copper is expected to record a 178,000 metric ton surplus in 2025, significantly lower than the 209,000 metric ton surplus predicted in April. However, the group expects a 150,000 metric ton deficit in 2026.

The reason for the group’s downward revision is supply disruptions at Ivanhoe Mines’ (TSX:IVN,OTCQX:IVPAF) Kamoa-Kakula operation in the Democratic Republic of Congo, and at Freeport-McMoRan’s (NYSE:FCX) Grasberg mine in Indonesia. The assets are two of the world’s largest copper mines.

Kamoa-Kakula was temporarily shut down in May following a seismic event at the mine. While some operations began to ramp up again in June, Ivanhoe has revised its midpoint guidance down to 395,000 metric tons for 2025 after initially expecting 550,000 metric tons; it has also withdrawn the 600,000 metric tons expected in 2026.

At Grasberg, a liquid material ingress in early September killed seven workers and forced the suspension of operations. In a release on September 24, Freeport said consolidated copper sales across its operations will decline by 4 percent during Q3, but was unable to provide estimates for the fourth quarter.

The Grasberg site encompasses several underground mines: the Grasberg block cave, the Deep Mill Level Zone (DMLZ) and Big Gossan. DMLZ and Big Gossan were not affected, and could restart production in the fourth quarter.

However, according to Freeport, a preliminary assessment indicates a delayed restart of operations at the Grasberg block cave, resulting in the deferral of significant production in the near term. A ramp up in this area is not anticipated to begin until the first half of 2026, with the mine potentially returning to full production in 2027.

“This single event has pushed 2025 mine disruptions to 6 percent of global supply, above the historical average of 5 percent, and turned a near-balanced market into a clear deficit,’ White said.

‘With inventories already at multi-year lows and scrap unable to fully bridge the gap, the supply side offers little cushion. This tightening dynamic suggests higher prices may be necessary to incentivize new projects.’

Copper price forecast for 2025

Although some headwinds remain, primarily stemming from a worsening trade standoff between the US and China, copper’s future is likely tied to its fundamental supply and demand dynamics.

With little new supply scheduled to come online in the near term, this should signal more support for pricing as demand continues to grow from the energy transition and key sectors, such as artificial intelligence and data centers.

“On the demand side, copper’s growth drivers remain firmly in place. Electrification, grid modernization, artificial intelligence and data center buildouts and defense spending continue accelerating, making copper less tied to broad GDP growth and more linked to strategic sectors. These trends, combined with a deepening supply deficit, reinforce the structural bull case for copper,” White explained. He also suggested that any further disruptions will only add tailwinds to the copper price, benefiting producers and investors alike.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

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