Corvette To Become Its Own Brand In 2025
General Motor Co (NYSE: GM) could soon launch one of its most iconic and coveted models into its own brand, according to a report by Car and Driver. The Corvette will reportedly spin off into brand status in 2025 with a “sleek” four-door coupe, and a “brawny” crossover. Details are sparse about the plans, as […]
Power Nickel: The Quebec-Based Nisk Project – With Terry Lynch
Joining us today on the Daily Dive is Terry Lynch, CEO of Power Nickel (TSXV: PNPN). Terry sits with us this afternoon to share his outlook on nickel, his read on Indonesia’s OPEC-like proposal to manage battery metals, and China’s influence and impact on the copper market. We close out the interview by getting a […]
Lundin Gold: Canaccord Says Fruta Del Norte Mine Ranks Among Best In World
Lundin Gold Inc. (TSX: LUG) on Tuesday provided investors with a three-year outlook. The company expects gold production to be between 425,000 and 475,000 ounces in 2023, rising up to between 465,000 and 515,000 ounces by 2025. During the same time, all-in-sustaining costs are expected to drop from $870 to $940 an ounce to $800 […]
Canada’s Unemployment Rate Unexpectedly Dips to 5.1% Ahead of BOC’s Rate Decision
Employment levels across Canada remained relatively unchanged in November, but the unemployment rate did unexpectedly dip one week before the Bank of Canada is set to deliver another interest rate hike. Canada’s economy added about 10,000 new jobs last month, substantially less than the 108,000 added in October, while the unemployment rate fell 0.1 percentage […]
Europe Forgets Climate Change Commitments, Eyes Coal Exports from Zimbabwe
After sanctioning Russia’s energy sector in response to Moscow’s war in Ukraine, Europe was slapped with skyrocketing natural gas prices, prompting emergency government subsidies and far-fetched plans to construct LNG terminals and import the commodity from western nations. In the interim, Europe also realized that its ultra-green initiatives such as solar and wind energy aren’t […]
Elon Musk Says Neuralink Could Begin Human Trials In 6 Months
The Neuralink ‘show and tell’ event finally pushed through on November 30 after suddenly getting postponed a few days before it was originally scheduled on October 30. The company’s CEO and co-founder Elon Musk announced that Neuralink is confident it would begin human clinical trials of the wireless brain chip in six months — something […]
Blackstone Shares Slump As Real Estate Fund Hits Redemption Limit
After exceeding redemption limitations this quarter, Blackstone Inc.’s (NYSE: BX) $69 billion real estate fund for wealthy individuals announced it will limit redemption requests, sending the private equity firm’s stock down the most in more than five months. According to Blackstone Real Estate Income Trust (BREIT), withdrawal requests exceeded the monthly limit of 2% of […]
Northern Dynasty Sees Executive Berate EPA For Decision To Veto Pebble Project In Alaska
The CEO of Pebble Limited Partnership, a subsidiary of Northern Dynasty Minerals (TSX: NDM), this morning issued a scathing press release on a recent decision by the Environmental Protection Agency to veto mining at the Pebble Project in Southwest Alaska. The decision, as per the company, is said to be “unprecedented.” “We still firmly believe […]
FPX Nickel Closes On $12 Million From Undisclosed Strategic Investor
The demand for nickel among investors continues to rise, with FPX Nickel (TSXV: FPX) this morning indicating it has obtained a new corporate strategic investor. The firm indicated that it managed to raise gross proceeds of $12.0 million from the new investor. Proceeds were raised via the issuance of 24.0 million common shares at a […]
Digihost Sees Bitcoin Holdings Fall Below 100 BTC In November
Digihost Technologies (TSXV: DGHI) this morning provided the latest stats for its monthly bitcoin production. The firm managed to produce a total of 61.32 bitcoin during the month of November, down from 74.58 bitcoin in October. Total bitcoin holdings continue to decline for the company, with the firm falling below the 100-bitcoin mark during November […]