Arena Minerals To Be Acquired By Lithium Americas For C$311 Million
An ongoing reorganization of Lithium Americas (TSX: LAC) is not stopping it from conducting major transactions. The firm this morning revealed that it will be acquiring Arena Minerals (TSXV: AN) as it looks to expand upon its assets in the Pastos Grandes basin. The transaction will see Arena acquired for US$227 million (C$311 million), which […]
Gold Breaches $1,800-Mark After Bank Of Japan Raised Benchmark Rate
After gold prices slumped below $1,800 per ounce in the past days following expectations that the US Federal Reserve will continue raising interest rates, the commodity rose above the price mark after the Bank of Japan shocked markets Tuesday by doubling a cap on 10-year yields. “While increasing the [Japanese government bonds] purchases, the Bank will […]
Uranium Energy Corp, enCore Energy Awarded Supply Contracts For Strategic Uranium Reserve
The US National Nuclear Security Administration (NNSA) has awarded the final two contracts in relation to the establishment of a strategic uranium reserve for the country. Both enCore Energy Corp (TSXV: EU) as well as Uranium Energy Corp (NYSE: UEC) this morning revealed that they have officially been awarded contracts to supply the Department of […]
Housing Market Chill: Speculators That Piled Into Pre-Construction Contracts Face Steep Losses
Canada’s de-facto futures housing market is backfiring for investors looking to make a profit on the country’s skyrocketing real estate values. With interest rates rapidly on the rise and no sign of relief anytime soon, Canadian home prices are plunging across the country— leaving investors suddenly vulnerable to massive losses. When housing prices in major […]
Tick-tock On TikTok: More Probes, Bans On Chinese-Based Social Media Platform
Taiwan became the latest government to put TikTok under tighter scrutiny, pushing the platform on borrowed time. The self-governing island has launched an investigation into the Chinese-owned social media site on suspicion of illegally running a subsidiary. The island government’s China-policy making Mainland Affairs Council stated Sunday that on Dec. 9, a working group under […]
LNG Fundamentals Seem Likely To Remain Strong In 2023
The shares of liquefied natural gas (LNG) companies, including producers and owners of vessels which transport the commodity, were strong performers in 2022. The Russia-Ukraine war forced much of Europe to buy LNG to replace the natural gas that Russia refused to supply as payback for sanctions European countries imposed on it. In turn, global LNG prices […]
Riot Games Asks Court To Order FTX To Reject League Of Legends Deal
In a filing during the FTX bankruptcy case, Riot Games has asked the court to terminate its League of Legends Championship Series (LCS) sponsorship arrangement with the defunct crypto exchange, alleging irrevocable “reputational harm”. League of Legends is one of Riot Games published games. “The Court should compel FTX to reject the Agreement. First, the […]
Single-Use Plastics Will Be Banned In Canada Beginning This Week
Canada’s ban on the manufacture and import for sale of single-use plastics will come into force beginning on Tuesday, December 20, 2022. The official announcement of the steps following the ban was made at the end of the 15th Conference of the Parties (COP15) which was held in Montreal from December 5 to 19. The […]
Chrystia Freeland Creates More Pain for Canadians, Scraps Issuance of Inflation-Tracking Bonds
Finance Minister Chrystia Freeland is crying crocodile tears over the rapid erosion of Canadians’ purchasing power. On one hand, she outlines over $30 billion in new spending measures to alleviate cost of living pressures and urges Canadians to cancel their Disney+ subscription, whilst on the other hand, unexpectedly axes the issuance of inflation-protected bonds. Thanks […]
Will Myspace Tom Be The Hero That Saves Twitter?
When poll-loving, “freedom”-fronting Twitter CEO Elon Musk asked Twitter users if he should step down as head of the social media platform, Twitter users were treated to a nice, comforting reminder of the good old days of social media in the form of everyone’s first Myspace friend, Myspace Tom. Tom Anderson is the co-founder of […]