Congo Extends Cobalt Export Ban 3 Months to Combat Oversupply
Congo’s mining regulator announced Saturday it will maintain restrictions on cobalt shipments for another three months as the African nation attempts to stabilize prices for the critical battery component. The extension pushes the export halt through September. Congo supplies roughly three-quarters of the world’s cobalt, a key ingredient in electric vehicle batteries. The ban began […]
New York to Build First Nuclear Plant in Decades
New York Governor Kathy Hochul on Monday ordered the state’s power authority to develop an advanced nuclear power plant in upstate New York, marking the first new nuclear facility planned in the state in decades. Hochul said the New York Power Authority will develop at least one nuclear energy facility with a minimum capacity of […]
Oil Prices Plunge Amid Israel-Iran Ceasefire
President Donald Trump’s announcement of an Israel-Iran ceasefire triggered a massive selloff in oil markets Monday, with crude prices posting their biggest single-day decline in nearly two years as investors welcomed a potential end to Middle East hostilities. Brent crude, the global benchmark, plummeted $5.53 to close at $71.48 per barrel, a 7.2% decline that […]
Baselode Energy To Combine With Forum In Merger Of Equals
Another merger is set to occur in the uranium sector, with Baselode Energy (TSXV: FIND) announcing this morning that it has entered into a definitive agreement for an at-market business combination with Forum Energy Metals (TSXV: FMC). The arrangement will see Baselode acquire Forum in a share-based transaction, with the resulting issuer to be renamed […]
Trump On Israel-Iran: “They Don’t Know What The F*ck They’re Doing”
President Donald Trump is reportedly “willing to escalate US military involvement if necessary,” according to a senior White House official who spoke to CNN on Monday, just hours after Iran launched retaliatory ballistic missiles at Al Udeid Air Base in Qatar. The attack came in response to last weekend’s US airstrikes on Iranian nuclear sites, […]
GoviEx Uranium Plans 35 Hole Exploration Program Across Muntanga
GoviEx Uranium (TSXV: GXU) is looking to expand their overall resource profile, with the company this morning announcing that it has launched its 2025 field season. The program aims to conduct exploration at the Muntanga project in Zambia, where the company is in search of new deposits to bolster project economics. The exploration program is […]
Alamos Gold Calls For Island Gold Mine To Boost Annual Production To 411,000 Ounces Beginning In 2026
Alamos Gold (TSX: AGI) has extended the life of mine of the Island Gold project to 12 years. The update follows the completion of a base case life of mine plan for the project, which integrates the recently acquired Magino project into the mix. The plan formally brings together the Island Gold and Magino assets […]
Snowline Gold Outlines $3.4 Billion NPV For Valley Deposit
Snowline Gold (TSXV: SGD) has released the results from a much-anticipated preliminary economic assessment for their flagship Valley gold deposit, which is part of the Rogue Project in the Yukon. The study, which uses a base case of US$2,150 an ounce gold, has identified Valley as having a net present value of $3.37 billion and […]
LNG Canada Begins Production at First Major Export Facility
LNG Canada has started producing liquefied natural gas for export at its British Columbia facility, marking Canada’s debut in the global LNG market, according to sources familiar with the project. The Shell-operated facility began production at 4 a.m. local time Sunday, representing the country’s first major LNG export terminal with Pacific Ocean access. “At 4 […]
Canada Housing Agency Abandons 2004 Affordability Target
Canada’s national housing agency is abandoning its goal to restore housing affordability to 2004 levels, calling the target “no longer realistic” after pandemic-driven changes fundamentally altered the country’s housing market. The Canada Mortgage and Housing Corporation announced it will instead aim to return affordability to 2019 levels, acknowledging that the remote work revolution and housing […]