Altman Waves Off Critics On OpenAI’s $1.4T Spending Commitments
OpenAI’s Sam Altman faced a direct question about how a company tied to $13 billion in funding can support $1.4 trillion in spend commitments. He instead challenged skeptics to sell their shares and ended his appearance on the interview minutes after. “How can the company with $13 billion in revenues make $1.4 trillion of spend […]
OPEC+ Lifts Production In December, Pauses Hikes In Q1 2026
OPEC+ agreed to raise oil production by 137,000 barrels per day in December 2025 before pausing output increases for the first quarter of 2026. The move, announced after a virtual meeting on November 2, reflects a cautious approach by the eight core members amid steady market fundamentals and low global inventories. The adjustment will be […]
First Nation Moves To Quash Wheeler River Uranium Approval
Peter Ballantyne Cree Nation filed an application for judicial review last week to quash Saskatchewan’s environmental assessment approval for Denison Mines’ (TSX: DML) proposed Wheeler River uranium project, arguing consultation was “inadequate and not meaningful.” The case names the Saskatchewan Minister of Environment and Denison Mines as respondents. The province issued its approval in July […]
Trump ‘Doesn’t Know’ CZ After Pardon, His $2B Link To Binance
President Donald Trump said he does not know who Changpeng Zhao is even as he pardoned him last month and after Zhao’s exchange helped facilitate a $2 billion purchase of World Liberty Financial’s stablecoin this year. The denial came in a CBS 60 Minutes interview when host Norah O’Donnell asked, “Why did you pardon Changpeng […]
Microsoft Filing Implies $11.5B Loss For OpenAI
Microsoft (NASDAQ: MSFT) disclosed a $3.1 billion reduction to quarterly net income from its OpenAI investment for the three months ended September 30, 2025, which implies OpenAI lost roughly $11.5 billion in the period based on Microsoft’s 27% ownership. The impact was also $0.41 off diluted EPS, according to Microsoft’s fiscal Q1 FY2026 materials. Microsoft […]
G7 Unlocks $6.4B For Critical Minerals; Ottawa Leads Stockpiles
Critical minerals are getting a boost after the G7 announced 26 investments and partnerships that aim to unlock $6.4 billion in projects through offtake agreements, stockpiling, and targeted financing led by Canada. The package is the first round under the Canada-led Critical Minerals Production Alliance and implements the G7 Critical Minerals Action Plan launched in […]
China Eases Chip Ban, US Restricts Nvidia Blackwell
China will pause new rare earth export controls for one year and begin easing an export ban on automotive computer chips as part of a US-China trade package announced, while President Donald Trump said the most advanced Nvidia Blackwell AI chips will be reserved for US companies. The White House said China will effectively suspend […]
Founders Metals Sees Gold Fields Take $50 Million Stake In Company
Founders Metals (TSXV: FDR) has a new major shareholder. The company has seen Gold Fields Netherlands Services, an affiliate of Gold Fields Limited (NYSE: GFI) make a major investment in the company. The arrangement will see Gold Fields invest a total of $50.0 million under a non-brokered private placement, with the company set to acquire […]
Altamira Gold Adds Second Drill Rig To Ongoing Exploration Program Targeting Gold Porphyry’s
Altamira Gold (TSXV: ALTA) is looking to speed up the exploration of their flagship Cajueiro gold project in Brazil, announcing this morning that a second drill rig has been mobilized under an ongoing exploration program.
Prospector Metals Sees B2Gold Increase Stake To 17.2%
Prospector Metals (TSXV: PPP) has seen a major shareholder increase their stake in the company. B2Gold (TSX: BTO) has invested a further $10 million into Prospector, which follows the major discovery of the Tess Zone at Prospector’s ML Property. The arrangement has seen B2Gold acquire 10.3 million shares of the company at a price of […]