Alberta Separatism Estimated Price Tag: $300B Plus $67B Annually
Former Alberta finance senior manager Lennie Kaplan calculates the price of independence at $299.4 billion in transition and start-up costs, plus $67.3 billion in annual expenses. The estimate lands four months before Alberta’s scheduled October 19, 2026 referendum. The vote would not immediately trigger separation, but would ask whether Alberta should start the legal process […]
OpenAI Files Confidential S-1 With SEC, Targeting IPO as Soon as Q4
OpenAI has filed a confidential S-1 with the U.S. Securities and Exchange Commission, putting the $852 billion AI company on a runway toward one of the largest public market debuts in history. The news comes from OpenAI itself, despite confidentially filing for the IPO. “We recently submitted a confidential S-1,” OpenAI said in a statement. […]
Canadian Asking Rents Fall 4.7% in May, Stretching Decline Streak to 20 Months
Canada’s rental market is heading into summer without its usual lift. The average asking rent fell 4.7% year-over-year in May to roughly $2,029, according to the latest National Rent Report from Rentals.ca and Urbanation, extending a run of annual declines to 20 straight months. That amounts to about $100 less than a year earlier. Rents […]
Uniper Signs LOI For LNG From Ksi Lisims for 2 Million Tonnes a Year
Düsseldorf-based utility Uniper has signed a letter of interest to buy 2 million tonnes of LNG per year from Ksi Lisims LNG, the $10 billion floating export terminal planned for Pearse Island, British Columbia. Deliveries could begin as early as 2032. The letter outlines key commercial terms and is intended to lead to a binding […]
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 […]
Antimony Resources Trenching at Bald Hill Averages 19.5% Antimony, Peaks at 44.2%
Antimony Resources (CSE: ATMY) has reported assay results from a winter trenching program at the South Zone of its Bald Hill antimony project, with grades running as high as 44.2% antimony.