Russia-Linked Oil Firm Shuts Down Venezuela Operations
A Russian oil company operating former Rosneft assets in Venezuela announced it will cease all operations by the end of December, marking a significant retreat of Moscow’s energy presence in the South American nation. Petrolera (Cyprus) Limited notified employees this week that operations will end on December 23, citing international sanctions and financial restrictions on […]
Trump Signs Order to Move Cannabis to Schedule III
President Donald Trump signed an executive order Thursday to push marijuana from Schedule I toward Schedule III, a federal classification shift the White House framed as a research and medical-evidence play. Cannabis is currently listed as a Schedule I drug, the most restrictive federal category that includes heroin and LSD, while Schedule III is a […]
Trump’s 250th Anniversary Plan Sounds Remarkably Like ‘The Hunger Games’
President Donald Trump announced a high school athletic competition Thursday using language strikingly similar to the premise of “The Hunger Games,” the dystopian novel series and blockbuster film franchise in which young people are selected from each district for a televised competition. Trump’s plan calls for exactly what Suzanne Collins’ bestselling books and films describe: […]
Trump Media Targets Merger With Russia-Backed Fusion Firm
Trump Media & Technology Group (NASDAQ: DJT) has agreed to merge with fusion developer TAE Technologies in an all-stock transaction valued at more than $6.0 billion, positioning the combined company as one of the first publicly traded fusion plays while immediately re-rating DJT on deal optionality. DJT shares jumped about 35% on the announcement, after […]
USTR Releases Canada’s Fix List Ahead of CUSMA Review, Dairy Tops The List
US Trade Representative Jamieson Greer has published a “non-exhaustive” list of issues he says must be resolved for the CUSMA Joint Review to succeed, putting Canada’s dairy market access and digital laws in the same bucket as Mexico energy disputes, rules-of-origin tightening, and new regional “economic security” tools. Greer anchored the review process to statutory […]
Carney Withholds Critical Minerals Promise From US in Ontario Pact
Prime Minister Mark Carney publicly declined to guarantee US access to Canada’s critical minerals while pitching a new federal Ontario agreement designed to compress timelines for mine and major-project approvals, including for the Ring of Fire. Speaking in Ottawa alongside Ontario Premier Doug Ford, Carney said the arrangement targets “one-project, one-review and one-decision” for major […]
DraftKings Loses $934,000 Dispute Over Baseball Betting Error
A Massachusetts bettor will collect nearly $1 million in winnings after state regulators ruled Thursday that DraftKings (NASDAQ: DKNG) must pay for its own mistake. Commissioners rejected the sports betting company’s request to cancel wagers placed during October’s American League Championship Series. The unanimous decision forces DraftKings to honor a $934,147 payout stemming from a […]
Highlander Silver To Acquire Bear Creek Mining For $141 Million
High silver prices are resulting in consolidation within the junior mining sector, with the latest transaction seeing Highlander Silver (TSX: HSLV) acquire Bear Creek Mining (TSXV: BCM) to establish what is defined as a ‘leading growth company’ within the silver sector. The transaction will see Highlander’s San Luis gold-silver project in Peru with indicated resources […]
G2 Goldfields Outlines $2.6 Billion NPV For Oko Project Under PEA
G2 Goldfields (TSX: GTWO) has released a preliminary economic study for their Oko Gold Project in Guyana. The project is estimated to have an after tax net present value of $2.6 billion, alongside an IRR of 39% and a payback period of 2.6 years at $3,000 an ounce gold. That net present value at $4,000 […]
Talon Metals To Acquire Eagle Mine From Lundin Mining
Talon Metals (TSX: TLO) has entered into a major transaction with Lundin Mining (TSX: LUN) to create what will be the only pureplay primary nickel-copper company in the United States. The transaction will see Talon acquire the operating Eagle Mine and Humboldt Mill in Michigan, which are adjacent to Talon’s 400,000 acre land package in […]