Elemental Altus To Acquire EMX Royalty In Tether-Backer Merger
More consolidation is coming to the royalty segment of the mining sector. Last night, Elemental Altus Royalties (TSXV: ELE) announced that they would be acquiring EMX Royalty Corp (TSXV: EMX) in a bit to establish a mid-tier gold-focused royalty company. As part of the transaction, Tether Investments, the group behind the Tether stablecoin, will be […]
Canadian Mining Giant Teck Outlines Plan for Strategic Metals Reserve
Teck Resources (NYSE: TECK), the Vancouver-based diversified mining giant, has outlined detailed recommendations for establishing a Canadian Strategic Metals Reserve focused on germanium and other defense-relevant critical minerals, as Western allies seek to reduce dependence on Chinese supply chains. The Vancouver-based company proposed a framework including floor-price agreements, production-linked tax credits, and federal procurement backing […]
First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos
First Majestic Silver (TSX: AG) (NYSE: AG) is expecting meaningful mineral resource growth at their new Los Gatos operation after successfully drill testing three zones at the property. Ongoing exploration is said to have encountered significant silver and base metal mineralization across all zones tested, with the exploratory drill program designed to expand near-mine mineralization.
ConocoPhillips to Cut Up to 3,250 Jobs as Oil Industry Struggles Under Trump Policies
Oil giant ConocoPhillips (NYSE: COP) announced Wednesday it will eliminate up to 25% of its global workforce before the end of 2025, affecting as many as 3,250 employees and contractors as the company grapples with rising costs and declining oil prices. The Houston-based company, which employs roughly 13,000 people worldwide, said the cuts are part […]
Newfoundland $15B LNG Project In Fermeuse Announced
Fermeuse Energy announced a $15-billion LNG project off Newfoundland, outlining a 380-kilometre pipeline from the Jeanne d’Arc Basin to a liquefaction facility in Fermeuse and targeting first exports in 54–60 months if approvals stay on schedule. CEO Swapan Kataria credited federal policy changes under Prime Minister Mark Carney as the catalyst. “Without that, we would […]
OPEC Revives Supply as Saudi Leads August’s 400K b/d Increase
OPEC increased crude production by 400,000 barrels per day in August to 28.55 million barrels per day as the group continued restoring halted supply, a Bloomberg survey shows. Saudi Arabia drove just over half the gain, lifting output by 230,000 b/d to 9.6 million b/d—still below its 9.756 million b/d OPEC+ allowance for the month. […]
Google Must End Exclusive Deals But Can Keep Chrome Browser
A federal judge ruled Tuesday that Google (Nasdaq: GOOG) can keep its Chrome browser and Android operating system but must end exclusive contracts that made it the default search engine on smartphones and other devices, delivering a mixed verdict in the landmark antitrust case against the tech giant. US District Judge Amit Mehta rejected the […]
House Nears Vote on Epstein Files as White House Calls Effort ‘Hostile Act’
A bipartisan group of House lawmakers is pushing to force a vote on releasing all federal files related to convicted sex offender Jeffrey Epstein, despite fierce opposition from the Trump administration and GOP leadership. Rep. Thomas Massie, R-Ky., filed a discharge petition Tuesday that would compel the Justice Department to release all unclassified Epstein investigation […]
DOJ Opens Criminal Probe Of Fed’s Lisa Cook After Trump Firing Attempt
The US Department of Justice has opened a criminal grand jury investigation into Federal Reserve Governor Lisa Cook and issued multiple subpoenas over alleged mortgage fraud tied to properties in Ann Arbor, Michigan, and Atlanta, according to the Wall Street Journal. The probe centers on whether Cook claimed more than one primary residence and labeled […]
Pierre Poilievre Calls for End to Canada’s Temporary Foreign Worker Program
Conservative Leader Pierre Poilievre demanded Wednesday that Canada’s government immediately scrap its Temporary Foreign Worker program, arguing it has created an employment crisis among young Canadians by flooding the job market with cheap foreign labor. Speaking at a news conference in Mississauga, Poilievre said the program has displaced Canadian youth from entry-level positions while exploiting […]