Amazon Raises Record $14B Canadian Bond For AI Funding

Amazon.com is asking Canadian bond buyers to finance part of an AI infrastructure race whose biggest rewards still belong to equity investors. The company is expected to raise $14 billion in a Canadian-dollar high-grade bond sale, according to market reporting, in a deal that would rank as a record for Canada’s corporate bond market if […]

Morningstar Sees SpaceX Worth Half Its IPO Price

Morningstar thinks SpaceX is worth roughly half of what the rocket and satellite company is asking the public to pay. In its first research coverage of the company, the firm pegged fair value at $780 billion, far below the roughly $1.75 trillion valuation SpaceX is targeting in its initial public offering. Analyst Nicolas Owens however […]

Sam Bankman-Fried Files Formal Pardon Bid With DOJ

Sam Bankman-Fried has applied for a presidential pardon, submitting a petition to the Justice Department’s Pardon Attorney Office more than two years after his conviction over the collapse of FTX. The application, which requests a “pardon after completion of sentence,” has been assigned case number P338490. Bankman-Fried was convicted of orchestrating a fraud that cost […]

GoGold Secures Final Permits, Greenlights Construction at Los Ricos South

GoGold Resources (TSX: GGD) has cleared the last regulatory hurdle standing between its Los Ricos South project in Mexico and a shovel in the ground. The company said Mexico’s federal environmental authority, SEMARNAT, has granted all remaining permits and approvals needed to build the bulk-tonnage underground silver and gold mine in Jalisco State. With permitting […]

McEwen’s Grey Fox Project Expected To Extend Fox Complex Mine Life To 2041

McEwen Inc. (TSX: MUX) has released a pre-feasibility study for its wholly owned Grey Fox project, positioning the deposit as a major new source of ore for its operating Fox Complex and a central piece of the company’s plan to lift annual output. The study uses a base case built on a $3,000 per ounce […]