Agnico Eagle Makes Waves: Avenir Minerals Acquires Fox River in Unexpected $94.3M Phosphate Play
In a move that has caught the North American mining sector by surprise, Avenir Minerals Limited — a subsidiary of Agnico Eagle Mines, the world’s second-largest gold producer — announced on May 4, 2026 that it had entered into a definitive arrangement agreement to acquire Fox River Resources Corporation (CSE: FOX) in an all-cash transaction valued at approximately C$94.3 million.
Canadian Oil Pipeline to Wyoming Secures 400,000 bpd in Shipper Pledges
A proposed pipeline linking Alberta to Wyoming, spearheaded by South Bow Corp (TSX: SOBO) and its U.S. partner Bridger Pipeline, has secured commitments for at least 400,000 barrels per day (bpd), representing 72% of its initial 550,000 bpd capacity, as the project edges closer to the critical threshold needed to proceed. The pipeline, which could […]
Romania Plunges Into Chaos as 281 Lawmakers Vote Out Pro-EU Prime Minister
Romania’s pro-European government collapsed on May 5, as Prime Minister Ilie Bolojan was ousted in a no-confidence vote backed by 281 lawmakers, marking the largest such majority in the country’s parliamentary history. The move, driven by the left-wing Social Democratic Party (PSD) and the far-right Alliance for the Unity of Romanians (AUR), has plunged the […]
Republicans Demand $1 Billion for Trump Ballroom Security Upgrades
Senate Republicans, led by Judiciary Committee Chair Chuck Grassley of Iowa, have proposed allocating $1 billion in taxpayer funds for security upgrades tied to Donald Trump’s White House ballroom project, part of a broader $72 billion reconciliation package for federal law enforcement and border security unveiled on Monday night. The funding, detailed in the legislation, […]
Questcorp’s La Union Surface Program Delivers 20 g/t Gold Over 2.9 Metres In Channel Sample
Questcorp Mining (CSE: QQQ) on Tuesday reported a string of high grade gold, silver and base metal hits from the Phase 2 surface program at its La Union project in Sonora, Mexico, setting the table for a fully funded drill campaign slated to begin in early summer.
Cameco Sees Realized Uranium Prices Climb to US$66 a Pound in Q1
Cameco (TSX: CCO) delivered a sharp jump in first quarter earnings, with higher sales volumes, firmer uranium prices and a stronger contribution from its Westinghouse stake combining to lift results well above the same period last year. The uranium producer reported net earnings of $131 million for the quarter ended March 31, up from $70 […]
Two Dead in Blast at Kazakhstan’s Largest Zinc Plant Owned by Glencore
A devastating explosion at the Kazzinc zinc plant in eastern Kazakhstan, majority-owned by Glencore, has left two people dead and five injured. The incident, which occurred at the Ust-Kamenogorsk complex, involved a dust-collection unit that triggered a fire and caused the partial collapse of a building. Emergency response teams acted swiftly to extinguish the blaze, […]
Coinbase Cuts 14% of Employees, Bets on AI to Redefine Crypto Exchange
Coinbase (NASDAQ: COIN), a leading cryptocurrency exchange, announced a 14% reduction in its workforce on Tuesday, impacting an estimated 693 employees out of a total of 4,951. CEO Brian Armstrong framed the layoffs not as a reaction to market downturns but as a strategic pivot to an AI-driven operating model. Armstrong emphasized that artificial intelligence […]
Canada’s Wealth Gap Hits Five-Year High as Stock Gains Bypass Most Households
Canada’s wealthiest households captured their largest share of national net worth since 2020 last year, as a stock market surge widened the divide between equity holders and households whose wealth sits in real estate and mortgage debt. Statistics Canada shows the top 20% held 65.7% of Canada’s total net worth in Q4 2025, averaging $3.54 […]
Did Liberals Really Cancel A Veterans Affairs Committee Meeting On Conservatives?
Conservative MP Blake Richards’ claim that Liberals “canceled” a May 4 Veterans Affairs committee meeting is not supported by official House of Commons scheduling records, though his broader criticism over a closed-door May 6 session is partly backed by the committee notice. Richards posted a video showing Conservative MPs seated in the Standing Committee on […]