Lundin Mining Projects $9.5 Billion NPV8% In Vicuña PEA
Lundin Mining (TSX: LUN) reported a $9.5 billion after-tax NPV8% for the Vicuña integrated technical study, positioning the Filo del Sol plus Josemaria district as a multi-decade copper-gold-silver producer under a staged build plan. On returns, the study cites a 14.8% after-tax IRR and 8.4-year after-tax payback. Average annual after-tax free cash flow is $2.2 […]
Iran Launches Live Fire Drill Across Hormuz As Nuclear Talks Open
Iran launched live-fire exercises toward the Strait of Hormuz on Tuesday, with semi-official Iranian outlets reporting that missiles fired from inside Iran and along its coast struck designated targets in the strait. Tehran said its paramilitary Revolutionary Guard began the drill early the prior morning across the Strait of Hormuz, the Persian Gulf, and the […]
EU Revives Decade-Old Push to Channel European Savings Into Capital Markets
European Union leaders have given fresh urgency to a long-stalled ambition: persuading European households to move their savings out of low-yield bank deposits and into capital markets. Whether they can finally pull it off is another question. EU leaders elevated the Savings & Investments Union (SIU) to their top economic priority at an informal summit […]
xAI Talent Exodus, Including Two Co-Founders, Loom Over SpaceX Merger
xAI is being hit with a fast-moving “exodus”, driven by circulating narrative that 11 people left their posts in one day, with “20 on this list in less than a month.” A screenshot shows 15 separate exit-style posts timestamped Feb 6 through Feb 11, with the densest cluster concentrated in a tight window on Tuesday. […]
Canada to Award 70% of Defence Contracts to Domestic Firms
Canada will award 70% of defence contracts to domestic firms over the next decade as part of a sweeping industrial strategy aimed at creating 125,000 jobs and reducing reliance on American military suppliers, according to a government strategy to be released Tuesday. The plan calls for increasing military spending to 5% of GDP by 2035 […]
Iran Proposes Energy, Mining Deals in Nuclear Talks With US
Iran has put forward proposals for energy sector cooperation and commercial deals as part of nuclear negotiations with the United States, an Iranian diplomat said Sunday, days before the second round of talks aimed at preventing military conflict. Hamid Ghanbari, the Iranian foreign ministry’s deputy director for economic diplomacy, told the Fars news agency that […]
Europe Confirms Navalny Poisoning as Trump Administration Prepares Russia Talks
Five European countries announced Saturday that laboratory tests confirmed Russian opposition leader Alexei Navalny died from a rare neurotoxin found in South American poison dart frogs, directly blaming the Kremlin for his death in prison two years ago. The United Kingdom, France, Germany, Sweden, and the Netherlands said analyses detected epibatidine in samples from Navalny’s […]
Holtec IPO Poised At $10B, Could Be Nuclear’s Largest
Holtec International has filed confidentially with the SEC to go public, positioning what could be the nuclear sector’s largest IPO in years. Barron’s reported the filing and said Holtec’s IPO is expected to be valued at over $10 billion. CEO Krishna Singh previously indicated an intention to take the company public in 2026 and to […]
Barrick Surges on Mali Renewing Loulo Permit For 10 Years
Mali approved a draft decree renewing Barrick Mining’s (TSX: ABX) Loulo gold mining permit for an additional 10 years, according to a statement released Friday by the country’s military leader. The decree advances a renewal process that follows a November resolution of a dispute between Mali and Barrick over profit-sharing and control of the Loulo-Gounkoto […]
Russian Intelligence Takes Over Wagner Group for European Sabotage Operations
Russia’s Wagner Group has found new purpose in coordinating sabotage operations across Europe despite the August 2023 death of founder Yevgeny Prigozhin and a government crackdown following the mercenary organization’s failed rebellion against military leadership. Recruiters and propagandists from Wagner’s network now work for Russia’s military intelligence agency, known as the GRU, to identify and […]