SoftBank Set to Lead Massive $40 Billion Investment in OpenAI
OpenAI is finalizing a landmark $40 billion funding deal spearheaded by SoftBank Group Corp. (TYO: 9984), according to sources familiar with the negotiations, potentially creating the largest private financing round in tech history. The investment would propel the ChatGPT creator’s valuation to approximately $300 billion, reflecting an extraordinary trajectory for a company that was valued […]
Spirit Blockchain To Launch First Ethereum, Solana Exchange Traded Products
Spirit Blockchain (CSE: SPIR) is set to see its Spirit Digital AG subsidiary launch the first of its exchange traded products.
Wallbridge Renewed PEA Outlines $706 Million NPV For Fenelon Project
Wallbridge Mining (TSX: WM) has released an updated preliminary economic assessment for its Fenelon Gold project in Quebec. The study has outlined an after-tax net present value of $706 million and IRR of 21% for the project, based on $2,200 an ounce gold and a 5% discount rate. At $3,000 an ounce gold, that valuation […]
Jaguar Mining Agrees To US$10 Million In Victim Compensation For Tailings Landslide
Jaguar Mining (TSX: JAG) has reached a settlement with the Public Defender’s Office of Minas Gerais following a December landslide at its Turmalina Mine that resulted in the destruction of several homes in the nearby town of Casquilho. Total compensation under the agreement is estimated at approximately US$10 million at current exchange rates, with the […]
Hot Chili Outlines $1.2 Billion Net Present Value For Costa Fuego In Pre-Feasibility Study
Hot Chili Limited (TSXV: HCH) has completed a pre-feasibility study on its Costa Fuego copper-gold project in Chili. The study has outlined the project as having an after-tax net present value of US$1.2 billion, alongside an internal rate of return of 19% when using an 8% discount rate. The latest estimate is based on a […]
Lundin Mining Cuts Dividend By 69% In Favor Of Share Buybacks
Lundin Mining (TSX: LUN) has cut its dividend for shareholders. The cut is part of a strategy change on providing returns to shareholders, with capital instead to be allocated to more share buybacks rather than the issuance of higher dividends. In connection with the policy changes, annual allocations to shareholder returns have been set at […]
Rescue Efforts Continue for Missing American Troops in Lithuania
A search and rescue operation continued in Lithuania on Wednesday for four US soldiers after their armored vehicle was found submerged at a training ground, the US Army said. “The M88 Hercules armored recovery vehicle the four missing US Soldiers were operating during a training exercise has been located in Lithuania,” the Army said in […]
Is There Trouble Brewing Between JD Vance and Elon Musk?
A viral audio clip suggesting tension between Vice President JD Vance and senior Trump advisor Elon Musk circulated on social media this week, but experts have now determined the recording is AI-generated. The audio, which began circulating Sunday on social media platforms, features what sounds like Vance saying, “He’s making us look bad. He’s making […]
China Unveils Technology That Could Sever 95% of Global Communications
China has unveiled a deep-sea cable-cutting device that defense analysts warn could pose significant risks to global undersea communications infrastructure, according to recently published research first reported by the South China Morning Post. The device, developed by the China Ship Scientific Research Centre (CSSRC) and its affiliated State Key Laboratory of Deep-sea Manned Vehicles, can […]
Carbon Tax: Canada’s CO2 Savings Equate To Just HOURS Of China’s Emissions
Canada’s greenhouse gas emissions have decreased since the implementation of the federal carbon tax in April 2019. Still, data suggests the policy’s global impact may be relatively small when compared to emissions trends of larger nations. Official data shows Canadian emissions fell from approximately 745 megatonnes (Mt) of CO2 equivalent in 2019 to around 680 […]