Canada’s Economy Slows Down in Q4 Thanks to High Interest Rates
The Bank of Canada’s rising interest rates are slowing down the economy’s momentum, as GDP stalled for the first time in the final three months of 2022 following five straight quarters of growth. Latest data from Statistics Canada showed that the economy expanded only 0.3% in the fourth quarter of 2022, following a 0.2% drop […]
Why Is Stellantis Investing $155 Million In An Argentinian Copper Miner?
Stellantis NV (NYSE: STLA) announced Monday a $155 million investment in an Argentina copper project to secure forecast copper demand beginning in 2027. The automaker is acquiring a 14.2% share in McEwen Copper, a subsidiary of Canadian mining company McEwen Mining (NYSE: MUX), that wholly owns the copper projects Los Azules in Argentina and Elder […]
Big Gold Reports Samples Assaying 8.4 g/t Gold At Martin Kenty Property
Big Gold (CSE: BG) this morning reported fresh field sample results from its Martin Kenty Project, found near Kenora, Ontario. The results come from a field exploration program conducted in the fall of 2022. The fall work program included prospecting and sampling as the company works to identify priority exploration targets ahead of a potential […]
Elon Musk To Rival ChatGPT, The AI Chatbot He Co-Founded
In a bizarre retelling of Dr. Frankenstein and his monster, Elon Musk has reportedly approached AI researchers in recent weeks about starting a new research center to produce an alternative to OpenAI’s ChatGPT. In a piece by The Information, Musk is reported to have been recruiting Igor Babuschkin, a researcher who recently left Alphabet’s DeepMind […]
Aztec Minerals Begins 10 Hole Drill Program At Tombstone Gold-Silver Project
Exploration is underway at Aztec Minerals’ (TSXV: AZT) Tombstone Project in Arizona. The latest program will focus on the Contention open pit silver-gold target at the project, where the company is focused on expanding known oxide silver-gold mineralization both in width and at depth. The exploration program, which was announced at the end of January, […]
Baytex Energy To Acquire Ranger Oil In US$2.5 Billion Deal
Baytex Energy (TSX: BTE) is expanding its presence in the Eagle Ford region of the United States with the acquisition of Ranger Oil Corporation (NASDAQ: ROCC). Total consideration for the transaction, including the assumption of debt, is pegged at C$3.4 billion. The transaction will see Ranger Oil shareholders receive a meager 7.6% premium, with payment […]
Swarmio Media Said To Be Entering High-Growth Phase, Assigns Full Time CFO
Swarmio Media (CSE: SWRM) is expanding its executive leadership team as it continues to develop its operations. The firm this morning has appointed a full time chief financial officer as it heads into what it refers to as a “high-growth phase.” Jonathan Visva has taken on the role on a full time basis. Visva is […]
DeSantis Trails Trump By 15 Points In Republican Nominee Poll For 2024 Presidential Election
Fox News on Sunday published the results of the first survey for the 2024 presidential election and found that former President Donald Trump and Florida Governor Ron DeSantis are the top two choices for primary voters in the Republican nomination. Trump topped the list at 43%, DeSantis followed with 28%, Nikki Haley and Mike Pence […]
Twin Mine Collapse In China: At Least 11 Dead, More Missing
An open pit coal mine in China’s northern Inner Mongolia region collapsed on Wednesday, killing at least six people and leaving nearly 50 more missing. This was followed by another disaster in southwestern China on Sunday where a roof collapsed at a mine killing at least five workers. According to state media, the Inner Mongolia […]
Virtue Charging: iPhone Feature Only Lets Clean Energy Charge Your Phone
iPhone users were somewhat surprised by a new-ish battery option that reportedly slowed down charging that came to light on Sunday. The Clean Energy Charging feature was actually added to iOS 16.1 back in October, and it aims to reduce the iPhone’s (and the user’s) carbon footprint by charging the battery only when plugged into […]