Mexico Freezes New Mining Concessions
President Claudia Sheinbaum has confirmed that Mexico will issue no additional mining concessions and will instead subject existing permits to an environmental review—cementing the de-facto moratorium imposed by her predecessor, Andrés Manuel López Obrador. “There is not going to be another new concession—no, there are no new mining concessions,” Sheinbaum told reporters, adding that Environment […]
Bumble Shares Surge As Firm Swipes Left To 30% Of Its Workforce
Bumble (NASDAQ: BMBL) moved to shed roughly 240 jobs—about 30 percent of its global headcount—prompting a 16% market share surge, although the company’s stock still trades roughly 40% below year-ago levels. The dating app operator framed the cuts as “realigning the operating structure to optimize execution on strategic priorities,” and disclosed one-time severance and benefit […]
Ascot Resources Pushes Premier Gold Mine Back Into Care And Maintenance, Strategic Review Now Underway
Ascot Resources (TSX: AOT) appears to have hit the end of the line, despite hopes for a full mine restart. The company this morning indicated that it has returned its Premier Gold Project to care on maintenance. The placing of Premier into care and maintenance follows Ascot being unable to successfully negotiate a mining cost […]
Goliath Resources Expands 2025 Drill Program To 60,000 Metres
Goliath Resources (TSXV: GOT) has substantially increased the size of the 2025 exploration program at their flagship Golddigger property in the Golden Triangle of British Columbia.
Emerita Resources Formally Appeals Administrative Ruling On Aznalcóllar Related To 2017 Complaint
FULL DISCLOSURE: Emerita Resources is a sponsor of theDeepDive.ca. Emerita Resources (TSXV: EMO) this morning declared that they have appealed an administrative ruling made by the Tribunal Superior De Justicia De Andalucia of the Administrative Court. That ruling was made in relation to a complaint filed in 2017 against the Junta de Andalucia, with that […]
IAMGOLD Closes Out Gold Prepayment Facility That Funded Cote Construction
IAMGOLD (TSX: IMG) has cleared a major hurdle in terms of profitability, announcing this morning that the company has completed the final delivery of gold under a prepayment facility. The facility, which dates back to originally to 2019, was originally put in place as a means of funding the construction of the Cote Gold Mine. […]
Smith Dangles Coastal Pipeline Proposal “Within Weeks”
Alberta Premier Danielle Smith claims a private company will unveil “probably within weeks” a plan for a new crude line from Alberta to British Columbia’s northwest coast—yet scarce are the details on how the multi-billion-dollar venture will manifest. Smith told Bloomberg she is “in active discussions with major energy companies” and believes a coastal route […]
Tesla Faces Fatal Crash Lawsuit as Robotaxi Service Launches
The family of a South Korean lawyer killed in a 2020 Tesla (Nasdaq: TSLA) crash filed a lawsuit against the electric carmaker Thursday, alleging sudden unintended acceleration and safety system failures led to the fatal accident. The case centers on a December 9, 2020 incident when a Tesla Model X crashed into an underground parking […]
Liberals, Conservatives Pass ‘One Canadian Economy Act’ Despite Environmental, Indigenous Opposition
Canada’s House of Commons passed sweeping legislation June 20 that would streamline approval processes for major infrastructure projects and remove interprovincial trade barriers, despite fierce opposition from Indigenous groups and environmental organizations. Bill C-5, known as the “One Canadian Economy Act,” passed with the rare Liberal and Conservative support after two weeks of parliamentary debate. […]
Door-Lock Defect That Can Trap Passengers Forces Massive Ford Mustang Mach-E Recall
Ford (NYSE: F) is recalling 197,432 Mustang Mach-E electric SUVs in the United States—2021-2025 models sold—after discovering that a sudden loss of 12-volt battery power can leave electronic door latches locked and rear seat passengers effectively trapped. The NHTSA warned that the defect “may remain locked after a driver or front-seat passenger exits,” a scenario […]