Vale Base Metals-Glencore Evaluate Sudbury Copper Brownfield JV
Vale Base Metals and Glencore Canada agreed to jointly evaluate a potential brownfield copper development spanning their adjacent Sudbury Basin properties. The framework centers on mining both companies’ underground deposits through Glencore’s existing shaft and infrastructure at the Nickel Rim South Mine. The contemplated development concept is straightforward on paper: deepen Glencore’s existing mine shaft […]
Shopify Records $14.6B Merchants Sales Over Black Friday Weekend
Shopify (TSX: SHOP) said merchants generated $14.6 billion in global sales over Black Friday to Cyber Monday, up 27% year over year, a record that implies roughly $11.50 billion last year on the same measure. Demand breadth was framed through 81+ million customers buying from Shopify-powered brands across the weekend. Intensity peaked at 12:01 PM […]
Canada Joins EU Defense Procurement Fund as First Non-European Partner
Canada finalized an agreement Monday to join the European Union’s €150 billion military procurement initiative, marking a strategic pivot away from traditional US defense partnerships as Prime Minister Mark Carney seeks to diversify the country’s security relationships. Defense Minister David McGuinty announced Canada’s entry into the Security Action for Europe program, which provides low-interest loans […]
Scotiabank Q4 2025: Revenue Jumps Despite Higher Credit Losses
Scotiabank (TSX: BNS) ended fiscal 2025 with accelerating revenue and higher underlying profitability, but reported results still show pressure from provisioning, expense growth, and a higher tax bill. Full-year total revenue rose to $37.74 billion from $33.67 billion, driven by net interest income of $21.52 billion versus $19.25 billion and non-interest income of $16.22 billion […]
Algoma Steel Cuts 1,000 Jobs Despite $500M Government Bailout
Algoma Steel issued layoff notices to approximately 1,000 workers on Monday, citing US tariffs and an accelerated transition to electric arc furnace technology that will permanently end the company’s blast furnace operations more than a year ahead of schedule. The layoffs affect roughly one-third of the 2,700-person workforce at the Sault Ste. Marie plant. The […]
Goliath Resources Extends Bonanza Zone To 1.25 Kilometres Length In Latest Assays
Goliath Resources (TSXV: GOT) has released further assay results from their 2025 drill campaign at the Surebet discovery, part of their Golddigger property in British Columbia’s Golden Triangle. The latest results have expanded the Bonanza zone following drilling along the east-west orientation, with the zone remaining open for further expansion.
Urano Energy To Acquire Pegasus Resources In All-Stock Deal
Consolidation is underway in the uranium market, with Urano Energy (CSE: UE) announcing this morning a binding letter agreement for the acquisition of Pegasus Resources (TSXV: PEGA) under an all-stock arrangement. The strategic rationale for the combination is centered on Urano’s I-70 Uranium project in Emery County, Utah. That project will see the additional of […]
PTX Metals Commences 5,000 Metre Drill Program At W2 Property
PTX Metals (TSXV: PTX) has begun a 5,000 metre drill campaign at their W2 copper-nickel-PGE-gold project in Ontario’s ring of fire as the company works to further prove out the Central target.
Copper Hits Record High Amid Supply Shortage Warnings
Copper surged to a record high Friday as warnings from a major industry conference intensified concerns that accelerating US imports could drain inventories worldwide. Kostas Bintas, head of metals at commodity trading giant Mercuria Energy Group, told an industry gathering in Shanghai that accelerating flows of copper to the United States threaten to deplete inventories […]
Nearly Ten-Hour CME Halt Sparks Canceled Silver Buy Orders Claims
A reported 10-hour CME halt in silver coincided with standing COMEX silver futures buy orders being canceled, and the next inventory datapoint that gained traction showed a double-digit million-ounce swing driven overwhelmingly by reclassification adjustments. Observers are noting that the halt was allegedly made by the exchange, amplifying the core allegation that resting orders did […]