Impending U.S. Supreme Court Ruling Could Affect Coal Industry — and Even the Electric Vehicle Industry
One of the most consequential environmental court cases in years is ripe for a decision at the U.S. Supreme Court, yet it receives little attention in the media. The decision will directly impact the coal mining industry, and its implications could ripple into the electric vehicle (EV) business. So what is the case? In West Virginia v. […]
BMO Gets Bullish On The Fertilizer Sector
Earlier this month, BMO Capital Markets raised their 12-month price targets on a number of their fertilizer and chemical companies that they cover. The upgrades were included within a note that, “serves to, amid challenging forecast conditions, update models and commodity views under a base case framework that fertilizer and European gas prices peak by […]
Turkey Looks To End “Unofficial” Economic Data By Threatening Jail Time
Turkey is unsurprisingly looking to limit public knowledge on just how bad it’s economy is getting to be. It’s been reported by Bloomberg that the country is currently in the process of outlawing the publishing of unofficial economic data without prior approval. The proposed law, which is expected to be submitted this week to Turkey’s […]
Twitter Adopts Poison Pill Rights Plan To Halt Hostile Takeover Attempt By Elon Musk
Hot off the heels of Elon Musk looking to attempt a hostile takeover of Twitter (NYSE: TWTR), it appears the board of directors have hastily adopted a shareholder rights plan, that is, effectively, a poison pill. The rights plan was adopted by this morning by the firms board. The intent of the plan is to […]
SSR Mining Closes On All-Cash Purchase Of Taiga Gold
SSR Mining (TSX: SSRM) has finally completed its acquisition of Saskatchewan-focused junior explorer Taiga Gold Corp (CSE: TGC). The transaction saw the junior firm acquired in an all-cash transaction. Under the terms of the transaction, shareholders of Taiga received consideration of $0.265 per share of the company, which at the time of announcement amounted to […]
Kontrol Technologies Delays US Listing, No Revised Timeline Provided
It appears that Kontrol Technologies (NEO: KNR) is backing away from one of its key strategic initiatives for 2022. While the company has not formally indicated it is dropping the initiative entirely, it has stated that it has made close to zero progress on it, and it appears progress will not be made for the […]
Quebec Bans Oil and Gas Exploration
Quebec just became the first region in the world to ban oil and gas exploration and shut down all existing wells within three years time, in a controversial move away from the fossil fuel industry. On Tuesday, Quebec’s National Assembly voted in favour of outlawing all fossil fuel exploration in the province, and gave oil […]
Are NFT’s Dying? Why Did The “Jack Dorsey’s First Tweet” NFT Resale Flop?
A little over a year after the “Jack Dorsey’s First Tweet” nonfungible token sold for US$2.9 million, its buyer, crypto entrepreneur Sina Estavi, tried to sell it for US$48 million, only for the auction to close with a top bid of only US$208. No, that’s not a typo. The NFT, as the title suggests, is […]
China’s Top Oil Giant Prepares Exit From Western Operations Over Sanction Risk
A major Chinese oil giant is pulling its operations out of several western regions over concerns that its assets could be restricted in the event western leaders impose sanctions against the communist country over Russian ties. According to Reuters, which cited sources familiar with the matter, China’s oil and gas producer CNOOC Ltd is preparing […]
Tech SPAC Aura FAT Projects Acquisition Prices US$100 Million IPO
Special purpose acquisition company Aura FAT Projects Acquisition Corp. (Nasdaq: AFARU) started trading its securities on the Nasdaq Global Market on Wednesday. The firm priced its initial public offering, aiming to raise total proceeds of US$100.0 million. The offering will entail selling 10.0 million units priced at US$10.00 per unit. Each unit is composed of […]