Joly Differentiates GM’s Ontario Exit From Stellantis: “Not Going Well Commercially”
General Motors has ended BrightDrop electric van production at its CAMI Assembly plant in Ingersoll, Ontario, a decision that will eliminate about 1,200 jobs and mark a second blow to Canada’s auto sector in less than a week. “The commercial electric van market has been developing much slower than expected,” CEO Mary Barra told investors, […]
Fires Hit Two EU Refineries Handling Russian Oil
Separate incidents struck oil facilities in Hungary and Romania on Monday, both processing Russian crude, prompting investigations by local authorities. Fire in Hungary’s primary refining facility, operated by MOL Group near Százhalombatta outside Budapest, erupted Monday evening. Regional firefighters assisted plant personnel in controlling the flames. The company reports work has resumed at portions of […]
Beijing Answers US Rule With Rare Earth Export Controls
China’s October rare earth export controls were a reaction to a late-September US escalation that extended entity list restrictions to any affiliate 50% owned by a listed party, boosting coverage from roughly 1,400 Chinese firms to an estimated 20,000 according to policy analysts. The Bureau of Industry and Security’s new rule automatically subjects majority-owned subsidiaries […]
Ontario Opens Fast-Track For New Mines: “End Of Unacceptable Delays”
Ontario is now accepting applications to fast-track advanced exploration and mine development under a new One Project One Process framework that targets at least a 50% reduction in provincial review times. Designated projects will be run by a dedicated Mine Authorization and Permitting Delivery Team led by the Ministry of Energy and Mines as a […]
Northern Superior To Be Acquired By IAMGOLD For $375 Million As Part Of Larger Consolidation Move
IAMGOLD (TSX: IAG) is making major moves this morning to consolidate an entire mining district. The company has announced the acquisition of both Northern Superior Resources (TSXV: SUP) and Mines D’Or Orbec (TSXV: BLUE) as part of an effort to secure the entire Chibougamau region of Quebec.
Teck Returns To Profit In Q3 2025 Sans Asset Impairment
Teck Resources (TSX: TECK.B) reported its Q3 2025 financials, posting quarterly revenue of $3.39 billion, up 18% year over year from last year’s $2.86 billion. Copper sales were 110.3 thousand tonnes, similar to last year. Driven by higher prices that averaged US$4.44 per pound and lower smelter charges, Highland Valley contribution rose to $189 million […]
Wesdome Gold Posts Q3 Production Of 50,465 Ounces
Wesdome Gold Mines (TSX: WDO) has released their operating results for the third quarter of 2025, headlined by record gold production of 50,465 ounces of gold, which represents a 12% increase on a year over year basis, and a larger 17% bump quarter over quarter. Q3 production improved from 45,109 ounces in the year ago […]
Hercules Hits 0.50% Copper Over 379 Metres In Latest Assays
Hercules Metals (TSXV: BIG) has encountered further copper mineralization at their flagship Hercules property in Idaho. The company this morning released further assay results from their 2025 drill program, which focused on the Leviathan porphyry copper discovery. Highlights from the latest assay results include: Holes HER-25-03 and HER-25-05 are said to have intersected the Hanging […]
French Authorities Launch Criminal Investigation Into Binance Over Money Laundering Allegations
French prosecutors have opened a judicial investigation into Binance, the world’s largest cryptocurrency exchange, examining allegations of money laundering, tax fraud, and drug trafficking over a five-year period, Reuters reported. The National Jurisdiction for Combating Organized Crime (JUNALCO) announced Tuesday it has assigned an investigating magistrate to lead the probe, which examines alleged offenses from […]
US, Australia Ink Critical Minerals Pact, Unveil $8.5B Pipeline
President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical minerals agreement at the White House, with Albanese calling it an $8.5 billion “pipeline that we have ready to go.” Trump said the accord had been negotiated over “four or five months,” adding that “in about a year from now, we’ll have so […]