Roomba Pioneer iRobot Declares Bankruptcy, Chinese Manufacturer Takes Over
The inventor of the Roomba robotic vacuum sought Chapter 11 bankruptcy protection Sunday as Picea Robotics, the Chinese company that manufactures its products, moves to take control of the struggling Massachusetts firm. The Delaware bankruptcy court received the filing from iRobot, which has struggled for months with mounting losses despite pulling in $682 million in […]
Alta Copper To Be Acquired For $1.40 A Share In Cash
Another junior mining name is leaving the market. Alta Copper (TSX: ATCU) has entered into a definitive agreement with Fortescue Ltd, which will see the latter acquire the remaining interest in Alta Copper that it does not already own. Prior to the arrangement, Fortescue held a 35.7% interest in Alta Copper. The arrangement will see […]
F3 Uranium Drills 3.4% U3O8 Over 8.5 Metres At JR Zone
F3 Uranium (TSXV: FUU) has again intersected high grade uranium at the JR Zone, with the latest drill holes said to be conducted in support of an upcoming maiden resource estimate for the zone. The company this morning released assay results from two holes conducted at the zone, while also releasing assay results from the […]
Equinox Gold To Sell Brazil Operations For Up To $1.0 Billion
Equinox Gold (TSX: EQX) continues to right-size its operation following the merger with Calibre Mining earlier this year. The company has again announced plans to sell off certain non-core assets, with the latest asset package to be sold off consisting of their Brazil operations. The latest transaction will see the sale of the Aurizona Mine, […]
Li-FT To Buy Winsome In An A$130.8M Deal
Li-FT Power (TSXV: LIFT) has signed a binding scheme implementation deed to acquire 100% of Winsome Resources, while separately signing a non-binding LOI to buy an aggregate 75% of the adjacent Galinée property from Azimut Exploration and SOQUEM, with the Winsome transaction explicitly conditional on completing Galinée. Winsome shareholders will receive 0.107 of a Li-FT […]
Soma Gold: Q3 Earnings Impacted By Labour Strike
Things seem to just keep getting worse in terms of quarterly results for Soma Gold (TSXV: SOMA) this year, after the second quarter failed to improve over Q1. And things didn’t get any better from there. In September, the company was hit with a strike by its unionized workforce at the El Bagre Gold Complex […]
Calgary-Banff Rail Proponents Submit Plan for Federal Major Project Status
Developers behind a proposed $2.6 billion hydrogen-powered passenger rail connecting Calgary’s airport to Banff National Park submitted their application Tuesday to the federal government’s Major Projects Office, seeking fast-track approval for what they describe as nation-building infrastructure. Liricon Capital and Plenary Americas presented their Calgary Airport to Banff Rail proposal to the federal agency established […]
Thesis Gold: The Multi-Billion Dollar Lawyers-Ranch PFS
Sentiment is running high for Thesis Gold (TSXV: TAU) this week, following the release of a positive prefeasibility study for their flagship Lawyers-Ranch project in the Toodoggone mining district of BC. The study builds on a preliminary economic assessment completed just last year in October. The rising gold environment has played heavily in favor of […]
Ottawa Leans On Bay Street And Hits Talent Wall
As Ottawa’s new Major Projects Office aims to augment development, it is ironically running into a talent shortage problem at the exact cohort it most wants to attract, as Bay Street firms balk at seconding junior and mid-career staff into lower paid, higher risk roles, according to industry sources. The MPO was created in August […]
580K Trust Shortfall Triggers Real Estate Broker’s Account Freeze
Ontario’s real estate regulator has frozen the bank accounts of HomeLife Today Realty after a planned inspection identified a roughly $580,000 shortfall in the brokerage’s trust account. The Real Estate Council of Ontario said it initiated a pre-inspection process and, after spotting a potential discrepancy, conducted an on-site inspection that confirmed a significant shortfall the […]