Rocket Lab to Buy Iridium for $8 Billion, Adding a Satellite Network to Its Launch Business
Rocket Lab (NASDAQ: RKLB) has agreed to buy satellite operator Iridium Communications (NASDAQ: IRDM) in a cash-and-stock deal that values the target at roughly $8 billion and hands the launch company an instant communications business. The acquisition gives Iridium stockholders an estimated $54 per share, split between $27 in cash and a variable number of […]
IsoEnergy Halts Larocque East Drilling as Wildfire Forces Evacuation
IsoEnergy (TSX: ISO) has suspended drilling at its Larocque East uranium project in northern Saskatchewan after a wildfire prompted provincial authorities to evacuate the site. The fire, believed to have been sparked by lightning, is burning in the vicinity of the project but is said to not be a direct threat to it. The Saskatchewan […]
Freeman Gold Pegs Lemhi After-Tax NPV at US$696M Over 15-Year Mine Life In Feasibility Study
Freeman Gold’s (TSXV: FMAN) Lemhi project would generate an after tax net present value of US$696 million and recover its construction cost within 2.5 years, according to a feasibility study released Monday. The after-tax internal rate of return meanwhile is pegged at 34.4% and a payback period of 2.5 years. The study uses a 5% […]
Google Caps Meta’s Gemini Access, Financial Times Reports
Google parent Alphabet told Meta Platforms around March 2026 that it could not provide the full amount of Gemini capacity Meta sought, the Financial Times reported, according to Reuters. The shortfall reportedly disrupted and delayed some of Meta’s internal AI projects. Reuters said it could not immediately verify the report, and Google and Meta did […]
Sponsored · Cambria Gold Mines
Carney Sprayed With Water At A Toronto Pride March
Prime Minister Mark Carney’s drenched shirt became the easy image from Toronto Pride. The harder story sat behind it: Canada’s largest Pride event is still fighting to fund itself, even as national leaders rely on its visibility to signal inclusion. Prime Minister Mark Carney appeared at Toronto’s Pride Parade on June 28, entering the route […]
Poilievre Calls for Ethics Probe of Carney’s Condo Plan
Carney says the condo plan buys below cost of construction. Poilievre says taxpayers are propping up developers who should be taking losses.
Volkswagen Scraps €1.5 Billion Bosch Self-Driving Deal as Restructuring Widens
Volkswagen’s self-driving partnership with Bosch is reportedly over, written off after €1.5 billion and four years. VW says it’s already looking for a replacement supplier, with a new contract targeted for September.
Ford Rehires Humans To Teach Machines To Do What Humans Used To Do
The automaker shed 5,300 salaried workers and leaned on automation. When quality cratered, it spent three years quietly bringing back 350 veterans to fix what the machines couldn’t.
Sponsored · Selkirk Copper Mines
Russia’s Fuel Crisis Deepens as Putin Admits ‘Certain Deficit’ for the First Time
More than half of Russia’s regions are rationing fuel. On Sunday, Putin finally admitted it.
Kremlin Silent as Putin’s Oldest Ally Dies at 73
Sergei Ivanov served as Putin’s defense minister, chief of staff, and nearly his successor.