China Uses Hidden Network to Fund Iranian Oil Purchases —WSJ
China has developed a covert payment system to purchase Iranian oil while evading US sanctions, using a barter-style arrangement where Beijing builds infrastructure in Iran instead of making direct cash payments, The Wall Street Journal reported Saturday. The system relies on Chinese state insurer Sinosure and a little-known financial firm called Chuxin, according to current […]
Deloitte to Refund Australia for AI-Generated Errors in Government Report
Deloitte will provide a partial refund after delivering a government report filled with fabricated references and legal citations that appear to have been generated by artificial intelligence. The Big Four firm agreed to forgo payment for the concluding portion of its 440,000 Australian dollar ($290,000) contract with the Department of Employment and Workplace Relations following […]
Tether Seeks $200 Million for Tokenized Gold Treasury Company
Tether is working with financial services firm Antalpha Platform Holding to raise at least $200 million for a new digital asset treasury company focused on tokenized gold, according to a Bloomberg report citing sources familiar with the matter. If successful, the new entity would accumulate XAUt tokens, which represent ownership of physical gold, marking a […]
Kazatomprom Cuts 2026 Uranium Guidance By 10%
Kazatomprom said its nominal 2026 uranium production will fall about 9%–10% (to 29,697 tU from 32,777 tU) and denied any plans for an additional listing or share sale, tightening expected primary supply from the world’s largest producer. The company framed the reduction as a deliberate “operate-below-100%” stance, with most of the cut attributed to JV […]
Toronto Housing Market Faces Wave of Distressed Sales as Power of Sale Listings Surge Nearly 100-Fold
The Greater Toronto Area is experiencing an unprecedented spike in distressed property sales, with Power of Sale listings surging from just five in September 2020 to 472 last month, according to analysis by the Globe and Mail. The crisis intensified throughout 2025, with the year already recording 1,232 new Power of Sale listings by September—surpassing […]
NYSE Parent ICE Invests Up To $2B In Polymarket
Intercontinental Exchange, parent firm of the New York Stock Exchange, will reportedly invest up to $2 billion in prediction market Polymarket. The deal puts the valuation at approximately $8 billion pre-investment and will make ICE become the platform’s global distributor of event-driven data. Beyond capital, ICE will pipe Polymarket sentiment indicators to institutional clients and […]
US Takes 10% Equity On Trilogy Metals For $35.6M, Sends Shares Over 230%
Another mining firm got picked up from the US shopping spree for equity as Trilogy Metals (TSX: TMQ) said the US federal government agreed to invest approximately $35.6 million and take about 10% of the company under a binding letter of intent signed with Trilogy, South32, and Ambler Metals. The news sent company shares over […]
Ivanhoe Sees Q3 Copper Production Fall To 71,266 Tonnes At Kamoa-Kakula
The third quarter saw copper production drop to 71,266 tonnes at Ivanhoe Mines’ (TSX: IVN) Kamoa-Kakula complex, which follows a failure event that occurred earlier this year. Production was down 36.4% on a quarter over quarter basis, down from 112,009 tonnes in the second quarter while recoveries dropped from 85.4% to 82.7%, and grade fell […]
Anfield Energy Receives State Approvals For Velvet-Wood Mine, Groundbreaking Expected Within 30 Days
Anfield Energy (TSXV: AEC) is ready to build a mine. The company this morning indicated that it has received final approvals from the Utah Department of Oil, Gas and Mining for the Velvet-Wood uranium project.
West Red Lake Gold Posts Q3 Production Of 7,055 Ounces
West Red Lake Gold Mines (TSXV: WRLG) is reporting this morning that the third quarter saw total gold production of 7,055 ounces of gold. The results come as the company continues to ramp the Madsen Mine to nameplate capacity. The production figure follows the mine producing 35,700 tonnes of ore at average grades of 5.4 […]