xAI Scales Back from $20B Fundraising to $300M Share Sale
Elon Musk’s artificial intelligence company xAI is launching a $300 million share sale, a dramatic scale-back from the $20 billion fundraising round the company reportedly sought in April. The secondary offering allows employees to sell existing shares to new investors at a $113 billion company valuation, according to people familiar with the matter. The deal […]
Goliath Resources Identifies 26.47 Metre Interval Of Visible Gold In Hole GD-22-64
A re-logging program being undertaken by Goliath Resources (TSXV: GOT) has already yielded extremely positive early results, with the company this morning revealing it has encountered multiple occurrences of visible gold in a hole being re-examined.
Saylor’s Latest Bitcoin Strategy Could Leave MicroStrategy With A $2B Annual Tab
Michael Saylor’s once-swaggering Bitcoin strategy seems to be coming to a close as share issuances continue to become more convoluted. Over just seven days, MicroStrategy (NASDAQ: MSTR) raised $74.6 million by selling 728,479 shares of two perpetual preferred issues—STRK with an 8% coupon and STRF with a 10% coupon. All the raised proceeds were virtually then plowed […]
Gold Could Easily Double Again in This Run!? | Dan Wilton – First Mining Gold
In this interview, Dan Wilton, CEO of First Mining Gold (TSX: FF), discusses the factors contributing to gold’s recent price movement and examines the current landscape for Canadian mining development. The conversation covers market dynamics, regulatory processes, and operational challenges facing the industry, with particular focus on First Mining’s two primary assets: the Springpole and […]
China’s Rare Earth Export Curbs Threaten Global Supply Chains
Critical shortages of rare earth magnets from China are forcing manufacturers to warn of potential factory closures and defense production delays, according to industry executives and government officials. Beijing’s controls, enacted in April following new US tariffs, affect seven rare earth elements and permanent magnets derived from them. With China producing nearly all rare earth […]
Germany Faces Fresh Calls to Bring Home Gold Stored in US Under Trump
German lawmakers and advocacy groups are renewing calls for the country to repatriate gold reserves stored in New York, citing concerns about the Federal Reserve’s independence under President Donald Trump’s second term. Germany’s central bank, the Bundesbank, holds the world’s second-largest gold reserves at 3,352 tons. One-third is stored at the Federal Reserve Bank of […]
OPEC+ Maintains Oil Output Hikes for Third Straight Month
The Organization of the Petroleum Exporting Countries and its allies agreed to maintain their aggressive production increases through July, adding 411,000 barrels per day for the third consecutive month as the group prioritizes market share over price support. The decision by eight key OPEC+ members comes despite oil prices falling about 20% this year, with […]
$3300 GOLD: Every $100 Rise in Gold Means Pure Profit | Ross Beaty – Equinox Gold
In this interview, Ross Beaty, Chairman of Equinox Gold (TSX: EQX), examines the current gold market environment and discusses recent developments in the mining sector, including merger and acquisition activity such as the Caliber transaction. The conversation addresses Canada’s position as a mining jurisdiction, exploring both its advantages and the regulatory complexities that companies navigate […]
Trans Mountain Q1 2025 Revenue Jumps By 483% As Expansion Winds Down
Trans Mountain Corporation ended Q1 2025 with headline revenue of $729 million—up 483% from $125 million in Q1 2024—as its 890,000-barrel-per-day expanded system logged its first full comparable quarter. Operating costs roughly doubled, yet the much steeper revenue trajectory drove operating income to $349 million from just $9 million a year ago. Still, the income […]
US-China Spat Continues As They Accuse Each Other Of Violating Trade War Truce
Treasury Secretary Scott Bessent over the weekend accused China of withholding “products that are essential for the industrial supply chains” of the US and its allies, citing semiconductors and medicines that ran short during the pandemic. Bessent framed Washington’s agenda as “de-risk, not decouple,” stressing that the goal is to make “the whole world less […]