Bans, Blocks, Borders: The Russia-Ukraine Conflict Over The Weekend
This is a developing story. The world was brought to the brink of a global war on Thursday following Russian President Vladimir Putin’s launch of the invasion of Ukraine. The act bared the volatility of the international community as global markets plummet and commodity prices increase. But one thing’s for sure: the conflict did not […]
Germany Weighs Extending Lifespan of Nuclear Power Plants in Effort to Secure Country’s Energy Supply
Germany is mulling whether or not to extend the lifespan of its existing nuclear power plants amid growing uncertainty surrounding the country’s energy supply. According to Reuters, which cited an interview with German broadcaster ARD, the country’s economy minster Robert Habeck suggested that the country is undecided whether or not to extend the life of […]
US Government Exploring Ways to Sanction Cryptocurrency Use in Russia
The Biden administration is mulling ways to impose additional sanctions against Russia, this time charting into the unexplored waters of cryptocurrencies. The US government is considering sanctioning Russia’s access to cryptocurrencies, marking an unchartered attempt to further choke off the country’s economic activity. As the Wall Street Journal reports, citing an administration official, the Office […]
First Horizon Shares Jump 32% As TD Announces US$13.4 Billion All-Cash Acquisition Deal
TD Bank Group (TSX: TD) announced this morning the definitive agreement to acquire First Horizon Corporation (NYSE: FHN). The all-cash transaction is reportedly valued at US$13.4 billion. The acquisition price equates to US$25.00 per First Horizon common share. While the US bank last traded at US$18.25, its shares jumped by more than 32% pre-market today–trading […]
Ukraine Government: Putin Ordered Russian Mercenaries to Assassinate Zelensky
Over 400 mercenaries from Russia are said to currently be stationed in Kyiv with direct orders from President Vladimir Putin to kill Ukrainian President Volodymyr Zelensky in preparation for taking over the country. According to The Times, which cited an individual close to the matter, the Wagner Group — whom is effectively viewed as Putin’s […]
BHP Group Invests $100 Million Into Filo Mining, Taking 5% Stake
BHP Group (NYSE: BHP) continues to expand its interests in the mining sector, announcing this morning that they will be making a major investment into that of Filo Mining (TSX: FIL). The investment is to be used to further develop the firms Filo del Sol copper-gold-silver project in Chile. The investment will see BHP Group […]
Max Resource Corp Sees Endeavour Silver Take 5% Stake In Company, Enter Cooperation Agreement
Max Resource Corp (TSXV: MXR) this morning had major news. The firm has entered into what is referred to as a binding Cooperation Term Sheet with that of Endeavour Silver Corp (TSX: EDR), related to the firms property in Colombia. The Cooperation Term Sheet is designed to enable Max Resource to significantly expand its current […]
Ontario Teachers Pension Plan, Sprott Acquire 60% Silver Royalty At Seabridge’s KSM Project
The Ontario Teachers’ Pension Plan appears to be somewhat bullish on the price of silver. The group this morning indicated that it, together with Sprott Resource Streaming and Royalty Corp, has acquired a silver royalty on the KSM project in BC, operated by Seabridge Gold (TSX: SEA). The arrangement will see Seabridge’s subsidiary, KSM, sell […]
GoldMining To Spin Out Its Whistler Gold-Copper Project In Alaska
GoldMining Inc (TSX: GOLD) is evidently looking to unlock further value for shareholders. The company this morning revealed that it intends to effectively spin out one of its projects into a separate public entity as a means of capitalizing on the current trends in gold and copper pricing. The transaction will see the firms Whistler […]
Russia Blocks Sale Of Securities By Foreigners
It appears that things in Russia aren’t going exactly as planned for Vladimir Putin. Following the continued imposition of sanctions against the country, and the removal of several banks from the SWIFT standard, it appears that the Central Bank of Russia has effectively cut off its nose to spite its face, so to speak. It […]