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Andrew Roth, president of the State Freedom Caucus Network, helms an organization fighting to help conservatives win and wield control of state governments across the nation.

‘There is a swamp in all 50 states. There are 50 swamps,’ Roth told Fox News Digital during a Tuesday interview, noting that ‘liberal Republicans’ join with Democrats to expand government.

This ‘uniparty’ phenomenon exists in the U.S. Congress and in every state, Roth indicated, asserting that in red states many Democrats cannot win elections unless they don the Republican label.

‘They say they’re good on guns, and babies, and a few other things, but then they get in there, and they vote like liberals, growing government[.] ‘ Roth noted. 

He said that while the goal of state freedom caucuses is to slash taxes and government, the first step is exposing ‘deceitful lawmakers for who they are. And then once you can do that, then you can hopefully start getting good people elected and then cut the budget, cut taxes, cut spending,’ he explained.

So far, the organization boasts freedom caucuses in 13 of the 50 states, including Pennsylvania, Maryland, South Carolina, Georgia, Louisiana, Oklahoma, Illinois, Missouri, South Dakota, Wyoming, Montana, Arizona and Idaho – but deep red states like Texas and Florida are conspicuously absent from the list. 

Asked whether this is because there are not enough conservative legislators in those states to form a freedom caucus, Roth replied, ‘That’s absolutely correct,’ explaining, ‘In Texas I could probably say there’s only one or two House members, and in Florida I’m not even sure I can say two.’

There are ‘zero’ conservative state lawmakers in the Alabama, Tennessee and Mississippi state legislatures, he said.

‘This is a big, big problem’ he noted, ‘and I don’t think enough people realize how bad it is.’

Roth indicated that the organization provides a state director in each freedom caucus state – those directors help read legislation, offer vote recommendations, work with other groups, and help with organizing and strategizing, he explained.

Roth noted that Louisiana state Sen. Blake Miguez, a Republican who belongs to that state’s freedom caucus, is challenging incumbent GOP U.S. Sen. Bill Cassidy. 

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NORTH KINGSTOWN, R.I. — The winged passenger ferry gliding over the surface of Narragansett Bay could be a new method of coastal transportation or a new kind of warship.

Its maker, Regent Craft, is betting on both.

Twelve quietly buzzing propellers line the 65-foot wingspan of Paladin, a sleek ship with an airplane’s nose. It looks nothing like the sailboats and fishing trawlers it speeds past through New England’s largest estuary.

“We had this vision five years ago for a seaglider — something that is as fast as an aircraft and as easy to drive as a boat,” said CEO Billy Thalheimer, jubilant after an hours-long test run of the new vessel.

On a cloudy August morning, Thalheimer sat in the Paladin’s cockpit and, for the first time, took control of his company’s prototype craft to test its hydrofoils. The electric-powered watercraft has three modes — float, foil and fly.

Billy Thalheimer, CEO and co-founder of REGENT, gestures after piloting the Viceroy Seaglider, a winged passenger ferry, following a test run on Narragansett Bay on Aug. 6.Charles Krupa / AP

From the dock, it sets off like any motorized boat. Farther away from land, it rises up on hydrofoils — the same kind used by sailing ships that compete in America’s Cup. The foils enable it to travel more than 50 miles per hour — and about a person’s height — above the bay.

What makes this vessel so unusual is that it’s designed to soar about 30 feet above the water at up to 180 miles per hour — a feat that hasn’t quite happened yet, with the first trial flights off Rhode Island’s seacoast planned for the end of summer or early fall.

If successful, the Paladin will coast on a cushion of air over Rhode Island Sound, lifting with the same “ground effect” that pelicans, cormorants and other birds use to conserve energy as they swiftly glide over the sea. It could zoom to New York City — which takes at least three hours by train and longer on traffic-clogged freeways — in just an hour.

As it works to prove its seaworthiness to the U.S. Coast Guard and other regulators around the world, Regent is already lining up future customers for commercial ferry routes around Florida, Hawaii, Japan and the Persian Gulf.

Regent is also working with the U.S. Marines to repurpose the same vessels for island-hopping troops in the Pacific. Those vessels would likely trade electric battery power for jet fuel to cover longer journeys.

With backing from influential investors including Peter Thiel and Mark Cuban, Thalheimer says he’s trying to use new technology to revive the “comfort and refined nature” of 1930s-era flying boats that were popular in aviation’s golden age before they were eclipsed by commercial airlines.

This time, Thalheimer added, they’re safer, quieter and emission-free.

“I thought they made travel easier in a way that made total sense to me,” Cuban said by email this week. “It’s hard to travel around water for short distances. It’s expensive and a hassle. Regent can solve this problem and make that travel fun, easy and efficient.”

Co-founders and friends Thalheimer, a skilled sailor, and chief technology officer Mike Klinker, who grew up lobster fishing, met while both were freshmen at the Massachusetts Institute of Technology and later worked together at Boeing. They started Regent in 2020.

They’ve already tested and flown a smaller model. But the much bigger, 12-passenger Paladin — prototype of a product line called Viceroy — began foil testing this summer after years of engineering research and development. A manufacturing facility is under construction nearby, with the vessels set to carry passengers by 2027.

The International Maritime Organization classifies “wing-in-ground-effect” vehicles such as Regent’s as ships, not aircraft. But a database of civilian ships kept by the London-based organization lists only six around the world, all of them built before it issued new safety guidance on such craft in 2018 following revisions sought by China, France and Russia.

The IMO says it treats them as marine vessels because they operate in the vicinity of other watercraft and must use the same rules for avoiding collisions. The Coast Guard takes a similar approach.

“You drive it like a boat,” Thalheimer said. “If there’s any traffic on the harbor, you’ll see it on the screen. If you see a boat, you’d go around it. We’re never flying over boats or anything like that.”

The REGENT Viceroy Seaglider on a test run on Aug. 6.Charles Krupa / AP

One of the biggest technical challenges in Regent’s design is the shift from foiling to flying. Hydrofoils are fast for a seafaring vessel, but far slower than the speeds needed to lift a conventional airplane from a runway.

That’s where air blown by the 12 propellers comes in, effectively tricking the wing into generating high lift at low speeds.

All of this has worked perfectly on the computer simulations at Regent’s headquarters in North Kingstown, Rhode Island. The next step is testing it over the water.

For decades, the only warship known to mimic such a ground-effect design was the Soviet Union’s hulking ekranoplan, which was built to fly under radar detection but never widely used. Recently, however, social media images of an apparent Chinese military ekranoplan have caught the attention of naval experts amid increasingly tense international disputes in the South China Sea.

Regent has capitalized on those concerns, pitching its gliders to the U.S. government as a new method for carrying troops and cargo across island chains in the Indo-Pacific region. It could also do clandestine intelligence collection, anti-submarine warfare and be a “mothership” for small drones, autonomous watercraft or medical evacuations, said Tom Huntley, head of Regent’s government relations and defense division.

They fly below radar and above sonar, which makes them “really hard to see,” Huntley said.

While the U.S. military has shown increasing interest, questions remain about their detectability, as well as their stability in various sea states and wind conditions, and their “cost at scale beyond a few prototypes and maintainability,” said retired U.S. Navy Capt. Paul S. Schmitt, an associate research professor at the Naval War College, across the bay in Newport, Rhode Island.

Schmitt, who has seen Paladin from afar while sailing, said he also has questions about what kind of military mission would fit Regent’s “relatively short range and small transport capacity.”

The possibilities that most excite Cuban and other Regent backers are commercial.

Driving Interstate 95 through all the cities that span Florida’s Atlantic Coast can take the better part of a day, which is one reason why Regent is pitching Miami as a hub for its coastal ferry trips.

The Viceroy seagliders can already carry more passengers than the typical seaplane or helicopter, but a growing number of electric hydrofoil startups, such as Sweden’s Candela and California-based Navier, are trying to stake out ferry routes around the world.

Thalheimer sees his vehicles as more of a complement than a competitor to electric hydrofoils that can’t travel as fast, since they will all use the same docks and charging infrastructure but could specialize in different trip lengths.

This post appeared first on NBC NEWS

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.

This post appeared first on investingnews.com

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 .

On behalf of Fortune Bay Corp.

‘Dale Verran’
Chief Executive Officer
902-334-1919

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.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2025/20/c0641.html

News Provided by Canada Newswire via QuoteMedia

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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 .

News Provided by GlobeNewswire via QuoteMedia

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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.

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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.

“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.

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A moderate House Democrat’s town hall devolved into chaos minutes after it began on Tuesday night, with pro-Palestinian activists clashing with both the congressman and fellow attendees in what became a near-constant torrent of interruptions and protests.

Rep. Wesley Bell, D-Mo., who defeated far-left ‘Squad’ member Cori Bush in the Democratic primary last year, repeatedly pleaded with protesters to allow him to speak while defending his position on Israel and Hamas.

‘Stop talking. This is not your town hall. You can leave,’ Bell told protesters roughly 20 minutes after he began speaking. He said soon after, ‘While we’re sitting here being divided and fighting one another, we’ve got other folks out there who are taking our democracy from us.’

At another point, his assertions that Hamas’ initial attack on Israel ‘was not just a terror attack, October 7 was an invasion’ was met with boos and jeers from the crowd.

Even calls to ‘surge aid’ to Gaza were drowned out by demonstrators, prompting Bell to respond, ‘You disagree with that?’

Despite repeated pleas for calm from both Bell and his moderator, protesters continued to call him a ‘war criminal’ and accuse him of supporting genocide.

The event grew more heated as the hour went on, reaching a fever pitch toward the end when Bell disputed a questioner labeling Israel’s invasion of Gaza a ‘genocide.’

‘You don’t get to set the genocide definition,’ an activist yelled.

Bell responded, ‘No, I don’t… and here’s the thing, people can disagree, that’s what makes our country great.’

‘When it comes to the word genocide, I kind of disagree with you… because Israel was attacked by an openly genocidal terrorist group,’ he said while protesters attempted to drown him out.

‘Hamas said openly that they want to destroy Israel… and so you’re accusing somebody of genocide, you’re standing with an organization that says they want to commit genocide. You don’t see that?’

He continued over boos, ‘We need to see a surge in humanitarian aid into Gaza, we need to see an end to the war. We need to see every single hostage returned, and we need to see a viable future for Gaza without Hamas.’

And while pro-Palestinian protesters took up a majority of the attention, there did appear to be a significant number of attendees who were supportive of Bell, particularly when he attempted to bring the conversation back to local issues.

‘The number one killer of kids in St. Louis between [ages] 1 and 17 is gun violence, and there’s people who want to talk about that too,’ he said, earning applause.

At one point, a woman attempted to confront the demonstrators directly.

‘Shut up with your White privilege,’ the woman could be heard yelling. ‘You’ve never been hungry, you’ve never had a child be hungry, and yet you want to stand here and diminish the work he’s doing?’ 

It’s not clear how or if the activists responded.

The town hall’s moderator tried to deescalate the situation early on, calling security to escort an unruly demonstrator out minutes after it began.

‘Let’s do this the Democratic way, the democracy way. You can’t hear anyone yelling. I hear you. As a mixed-race person, I hear you,’ she told activists. ‘We can’t get through this if you are yelling and barking and acting like you want to get physical.’

At the end of the night, however, Bell released a statement thanking all attendees for coming.

‘I want to thank everyone that came out to our town hall this evening – yes the conversations were passionate at times, but Democracy is messy and we have to passionately defend it,’ Bell wrote on X. ‘At the end of the day we’re going to continue to fight for the ST. LOUIS region and for our country.’

Fox News Digital reached out to Bell’s office for further comment.

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Longtime Trump political foe Democrat Sen. Adam Schiff for years has been accused of leaking classified documents — long before the release of a ‘bombshell’ whistleblower testimony claiming the California lawmaker approved leaking classified information in order to discredit the president during the Russiagate probe, Fox News Digital found. 

Schiff, who served in the U.S. House for more than two decades before securing his spot in the U.S. Senate in 2024, is facing heightened scrutiny following FBI Director Kash Patel declassifying claims from a Democrat whistleblower that Schiff approved the release of classified information on Trump that allegedly ‘would be used to indict President TRUMP,’ according to the report. 

The whistleblower, who reportedly had worked for Democrats on the House Intelligence Committee for more than 10 years, made the claims to the FBI in 2017. Schiff had access to classified information while serving on the House Intelligence Committee during his tenure in the lower chamber, including serving as its chair from 2019 to 2023. 

‘In this meeting, SCHIFF stated the group would leak classified information which was derogatory to President of the United States DONALD J. TRUMP. SCHIFF stated the information would be used to indict President TRUMP,’ according to the whistleblower documents.

The whistleblower ‘stated this would be illegal and, upon hearing his concerns, unnamed members of the meeting reassured that they would not be caught leaking classified information,’ the report added.

Schiff has denied the allegations, with his office telling Fox News Digital Aug. 12 that the allegations were ‘absolutely and categorically false.’

But this isn’t the first time Schiff has been accused of leaking classified information to the public, with accusations following him since at least the first Trump administration. Fox News Digital took a look back at Schiff’s political history in recent years and gathered the times he previously had been accused of leaking classified materials. 

The August declassified whistleblower accusations are ‘just the latest in a series of defamatory attacks from the President and his allies meant to distract from their plummeting poll numbers and the Epstein files scandal,’ a Schiff spokesperson told Fox Digital when approached for comment on the allegations, after White House press secretary Karoline Leavitt called the whistleblower’s account a ‘bombshell.’ 

‘These baseless smears are based on allegations that were found to be not reliable, not credible, and unsubstantiated from a disgruntled former staffer who was fired by the House Intelligence Committee for cause in early 2017, including for harassment and potentially compromising activity on official travel for the Committee,’ the spokesperson continued. ‘Even Trump’s own Justice Department and an independent inspector general found this individual to not be credible, have ‘little support for their contentions’ and was of ‘unknown reliability,’ and concluded that his accusations against Members of Congress and congressional staff ‘were not ultimately substantiated.’’ 

‘Leaked classified information that had been provided to him’ 

Just days after former President Joe Biden was sworn in as president in January 2021, Trump’s former acting director of national intelligence and U.S. ambassador from his first administration, Ric Grenell, took to X to list out ‘facts’ regarding Schiff. 

‘Facts,’ a Jan. 22, 2021, post on X that is no longer available on the social media site read. The X post received media attention and was preserved in reports at the time, such as the Washington Examiner. 

He listed off: ‘Schiff wouldn’t return my call to coordinate on DNI reforms.– the reforms were asked for by career officials for years. – Schiff complained when I appointed the 1st female head of counterterrorism (a career person). – Schiff & team regularly leaked classified information.’

Grenell’s message was in response to Schiff claiming in an interview with The Hill that Grennell and former Director of National Intelligence John Ratcliffe under the first Trump administration ‘bent intelligence work products to the president’s will.’

‘The Office of the Director of National Intelligence, probably the most devastated of all of the agencies by terrible leadership of people like Rick Grenell and John Ratcliffe,’ Schiff said during a video interview at the time. 

Fast-forward to 2023, former Secretary of State and CIA Director Mike Pompeo, who served under the first Trump administration, also accused Schiff of leaking classified docs. 

‘Adam Schiff lied to the American people, and during my time as CIA director and secretary of State, I know that he leaked classified information that had been provided to him,’ Pompeo said in January 2023 during a Fox News interview.

Pompeo continued that he ‘held back’ sharing information with the House Intelligence Committee due to not feeling ‘comfortable’ when Schiff led the panel. 

A representative for Pompeo told Fox Digital in August that the former Trump official stands by his 2023 comments on Schiff. 

Schiff’s office slammed Pompeo’s remarks at the time as ‘another patently false and defamatory statement.’ 

Trump had also accused Schiff of leaking classified documents under his first administration, claiming in 2018, he was the ‘one of the biggest liars and leakers in Washington.’

‘Adam leaves closed committee hearings to illegally leak confidential information. Must be stopped!’ Trump wrote in one X thread at the time. 

Schiff shot back at the time that Trump’s X post was a ‘false smear.’

‘Mr. President, I see you’ve had a busy morning of ‘Executive Time.’ Instead of tweeting false smears, the American people would appreciate it if you turned off the TV and helped solve the funding crisis, protected Dreamers or… really anything else,’ Schiff responded to Trump in February 2018. 

As Trump railed against the alleged leaks during his first term, reports spread that the Department of Justice subpoenaed Apple for account data of House Democrats on the House Intelligence Committee, including Schiff, between 2017 and 2018. The DOJ, which was led by Jeff Sessions at the time, was searching for individuals who leaked to the media about Trump’s alleged ties to Russia. 

The investigation dragged, including after Bill Barr was tapped as Trump’s attorney general in 2019 through the end of Trump’s first term, the New York Times reported in 2021, citing sources familiar with the investigation. 

The Justice Department’s internal watchdog, under the Biden administration, opened an investigation into the subpoenas and published a report in 2024 that found the Trump DOJ did not comply with established procedures when it sought the records.

‘We are glad that the Department of Justice Inspector General conducted a thorough investigation, and that the Inspector General has recommended safeguards to further protect the media, and to safeguard the separation of powers,’ a spokesperson for Schiff said following the release of the report, according to Reuters in 2024. 

As the 2020 campaign heated up, Trump continued accusing Schiff and other House Democrats of leaking, with the Office of the Director of National Intelligence at the time scaling back its security briefings with Congress that year as high-profile Democrats promoted concerns that Russia was interfering in that election. 

‘Director Ratcliffe brought information into the committee, and the information leaked,’ Trump said in August 2020. ‘Whether it was Shifty Schiff or somebody else, they leaked the information.… And what’s even worse, they leaked the wrong information. And he got tired of it. So he wants to do it in a different forum, because you have leakers on the committee.’

Schiff denied leaking any classified intelligence in 2020, but said he could not confirm the same for other House Democrats.  

‘I haven’t. My staff hasn’t. I can’t speak for what all the members of the committee have done or not done, including a lot of the Republican members,’ Schiff told CNN’s Dana Bash in 2020, following Trump claiming ‘Shifty Schiff’ may have been behind another leak of intelligence given to the House Intelligence Committee at the time. 

The Trump administration continued its laser-focused hunt to identify and suss out internal federal government leakers during the second administration, with a White House official telling Axios in June, ‘We are declaring a war on leakers.’ 

The comment came in response to a leak of an internal assessment of the Trump administration’s bombing of a trio of Iranian nuclear facilities that claimed the strikes were not as effective as the president said. 

Federal agencies such as the FBI, Department of Defense and Department of Homeland Security have leveraged using polygraph tests on staffers suspected of leaking information under the second Trump administration. 

Alleged mortgage fraud, ‘Russiagate’ 

Trump and Schiff have long been political foes. 

This was underscored during Trump’s first administration when Schiff served as the lead House manager during the first impeachment trial against Trump in 2020. It also was highlighted when Schiff repeatedly promoted claims that Trump’s 2016 campaign colluded with Russia

Schiff landed in hot water earlier this spring, when the U.S. Federal Housing Finance Agency (FHFA) sent a letter to the Department of Justice in May sounding the alarm that in ‘multiple instances,’ Schiff allegedly ‘falsified bank documents and property records to acquire more favorable loan terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property.’

He is currently under criminal investigation for mortgage fraud, Fox Digital previously reported. The California Democrat has denied any wrongdoing, claiming the matter is a ‘baseless attempt at political retribution.’

Days after Trump first posted about Schiff’s mortgages in Maryland and California in July, the president’s director of national intelligence, Tulsi Gabbard, declassified documents that reportedly show ‘overwhelming evidence’ that then-President Barack Obama and his national security team allegedly laid the groundwork for what would be the yearslong Trump–Russia collusion probe after Trump’s election win against former Secretary of State Hillary Clinton in 2016. 

‘It lays out, these over 100 documents that you’re referencing, that I declassified and released, spells out in great detail exactly what happens when you have some of the most powerful people in our country directly leading at the helm, President Obama and his senior-most national security cabinet, James Comey, John Brennan, James Clapper and Susan Rice and others, essentially making a very intentional decision to create this manufactured, politicized piece of intelligence with the objective of subverting the will of the American people,’ Gabbard told Fox News’ Sean Hannity in July following the release. 

Schiff was an incredibly vocal lawmaker amid the Russian collusion claims, most notably when the House censured him in 2023 over his promotion that Trump’s 2016 campaign colluded with Russia. Schiff served in the House representing California from 2001 to 2024, when he was sworn in as a senator after his successful 2024 campaign to serve in the nation’s upper chamber.

Schiff also served on the Jan. 6 select committee, which investigated the breach of the Capitol building in 2021 by Trump supporters following then-President Joe Biden’s election win. 

At the 11th hour of Biden’s tenure on Jan. 20, Schiff was among lawmakers who served on the committee who were granted preemptive pardons. The subcommittee concluded Trump’s actions played a key role in promoting the breach of the Capitol and recommended Trump be criminally prosecuted. 

Biden specifically granted preemptive pardons to ‘Members of Congress and staff who served on the Select Committee, and the U.S. Capitol and D.C. Metropolitan police officers who testified before the Select Committee.’

Schiff, however, had publicly railed against the prospect of Biden doling out preemptive pardons, saying it would set a poor precedent. 

‘First, those of us on the committee are very proud of the work we did. We were doing vital quintessential oversight of a violent attack on the Capitol,’ Schiff said during an interview on ABC News in December 2024. ‘So I think it’s unnecessary.’

‘But second, the precedent of giving blanket pardons, preemptive blanket pardons on the way out of an administration, I think is a precedent we don’t want to set,’ he added.

Charges stemming from the Jan. 6 case were dismissed following Trump’s decisive win in the 2024 presidential election against then-Vice President Kamala Harris. 

The White House responded to the whistleblower’s declassified testimony claiming Schiff approved the release of classified information to damage Trump, and doubled down on Trump’s stance that Schiff be ‘held accountable for the countless lies he told the American people in relation to the Russiagate scandal.’

‘This is obviously a bombshell whistleblower report,’ Leavitt said at a Tuesday White House press briefing. ‘Hopefully more people in this room will cover it as such.’

‘I understand Kash Patel, last night, declassified a 302 FBI document showing that a whistleblower, who is a Democrat, a career intelligence officer who worked for Democrats on the House Intel Committee for more than a decade, repeatedly warned the FBI in 2017 that then-Rep. Adam Schiff had approved leaking classified information to smear then-President Donald Trump over the Russiagate scandal,’ Leavitt said. 

In August, a representative for Schiff confirmed a legal defense fund was established for the senator in response to Trump and his allies. 

‘It’s clear that Donald Trump and his MAGA allies will continue weaponizing the justice process to attack Sen. Schiff for holding this corrupt administration accountable,’ Marisol Samayoa, a spokesperson for Schiff, told Fox News Digital Tuesday evening of the legal fund. ‘This fund will ensure he can fight back against these baseless smears while continuing to do his job.’

Titled ‘Senator Schiff Legal Defense Fund,’ the fund was filed with the Internal Revenue Service Thursday, The New York Times first reported. 

White House spokesman Harrison Fields called Schiff a ‘fraud’ and ‘corrupt politician’ when approached for comment Tuesday regarding the legal fund.

‘Adam Schiff is a sleazy and corrupt politician who betrayed his oath to the Constitution by prioritizing his selfish and personal animosity toward the president over the interests of the American people,’ Fields told Fox News Digital. ‘No amount of money can shield Adam from the truth that he is a fraud.’ 

Fox News Digital reached out to Schiff for additional comment on the matter but did not immediately receive a reply. 

Fox News Digital’s Andrea Margolis contributed to this report.  

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Ukrainian President Volodymyr Zelenskyy has firmly rejected proposals to concede land to Russian President Vladimir Putin, particularly the hotly-contested Donbas region.

The Donbas, which includes Donetsk and Luhansk oblasts, is Ukraine’s industrial heartland where coal mining and steel production are the main drivers of economic growth. Ultimately, control of the region’s mines and factories would hand Moscow powerful leverage over Kyiv’s post-war economic survival.

‘Donbas offers both a military advantage and significant economic resources, making it a high-value target for the Kremlin,’ explained Elina Beketova, a fellow with the Democratic Resilience Program at the Center for European Policy Analysis.

‘The Donbas alone holds vast reserves of coal – especially anthracite, crucial for energy and metallurgy,’ Beketova said. ‘Of 114 mines in Donetsk region, only 15 remain functional,’ she pointed out, as many have been flooded, destroyed, or left inoperable by the war.

Coal tells only half the story. 

Perhaps the crown jewel is salt: the Soledar salt mines, with an estimated 4.5 billion tons of rock salt – making it the largest reserve in Europe. These mines and the Artyomsol plant, Europe’s largest salt producer, fell to Russian forces in 2022.

Beketova underscored that, in the long term, natural gas could be the most strategically important resource in the region.

‘The region includes the Yuzivka gas field in Donetsk and Kharkiv oblasts, with potential reserves of up to 4 trillion cubic meters – a direct challenge to Russian energy dominance, and likely another reason why Moscow wants full control of the area.’

‘Beyond coal, salt, and gas, the occupied territories of Donbas – as well as neighboring Zaporizhzhia and Kherson – are also rich in gypsum, chalk, marble, granite, sand and clay,’ Beketova said.

Russian forces currently occupy approximately one-fifth of Ukraine’s territory, primarily in the eastern and southeastern regions, including large swaths of Luhansk, Donetsk, Zaporizhzhia and Kherson. These areas have been under partial or full Russian control at various points over the course of the Kremlin’s war. 

For Kyiv, the Donbas is more than contested ground – it is an economic lifeline, whose coal, salt and gas reserves could help bankroll recovery in a country already burdened with enormous post-war debts.

The most recent joint assessment by the United Nations, World Bank, European Commission, and Ukrainian government estimates that Kyiv faces $524 billion in postwar reconstruction over the next decade. 

Of the total long-term reconstruction and recovery needs, housing accounts for the largest share at nearly $84 billion, followed by $78 billion needed for the transportation industry and $68 billion for the energy sector.

Zelenskyy told reporters at the European Commission on Sunday that Putin has repeatedly tried and failed to seize the entirety of the Donbas region in eastern Ukraine for a period of 12 years. 

Grace Mappes, an analyst at the Institute for the Study of War, noted that conceding the region would also mean relinquishing Ukraine’s ‘fortress belt,’ the fortified defensive line in Donetsk Oblast since 2014.

‘After trying and failing to occupy this strategically vital terrain for over a decade, Putin is now demanding that Ukraine concede this critical defensive position, which Russian forces currently have no means of rapidly enveloping or penetrating, apparently in exchange for nothing and with no guarantee that fighting will not resume.’

Mappes added that Ukraine’s substantial investment in reinforcing its ‘fortress belt’ with defensive structures, logistics hubs, and defense industrial facilities, underscores its central role in the country’s military resilience.

‘Putin’s proposal is not a compromise, rather a ploy to avoid the years-long, bloody campaign that would be necessary to seize the fortress belt and the rest of Donetsk militarily,’ she added.

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