US Tops $1 Billion Buying Stakes in Critical Minerals
The US government plans to take more equity stakes in critical minerals companies, framing the approach as a direct counter to China’s dominance in key raw materials. The policy emphasis is explicitly about stakes, not simply support, with a White House official describing government ownership positions as a tool that is no longer “once-rare” in […]
Shell Exits Argentina LNG Phase Citing “Scope Change”
Shell has stepped away from a phase of Argentina LNG tied to a project development agreement with YPF, citing a “significant change in the project scope.” YPF CEO Horacio Marin said the company is prioritizing a separate $20 billion, 12 million-ton-per-year LNG phase with Eni and ADNOC’s XRG and expects a final investment decision around […]
New Rio Tinto CEO Eyes $10 Billion From Divestments And Streamlining
Rio Tinto is targeting $5.0 billion to $10.0 billion of value creation from divestments and productivity growth as new CEO Simon Trott moves to simplify the group and narrow execution risk. In his first major strategy briefing almost five months into the role, Trott said the company wants to become the world’s “most valued” miner […]
Netflix To Acquire Warner Bros Assets—Including HBO—In $82.7B Deal
Netflix (NASDAQ: NFLX) agreed to acquire Warner Bros assets from Warner Bros. Discovery (NASDAQ: WBD) for a total enterprise value of about $82.7 billion and equity value of $72.0 billion, with closing expected after the latter completes the previously announced Discovery Global separation now targeted for Q3 2026. The consideration is a cash and stock […]
West Fraser To Curtail OSB Production At High Level Mill
The weakening real estate market in Canada is evidently having downstream effects on the lumber industry, with West Fraser Timber (TSX: WFG) this morning announcing that it will be curtailing production of oriented strand board, or OSB, products. The latest curtailment is set to occur at West Fraser’s High Level, Alberta mill, with the curtailment […]
Aftermath Silver Grows Measured And Indicated Tonnes 28% In Latest Resource Update
Aftermath Silver (TSXV: AAG) this morning issued a revised resource estimate for their Berenguela silver-copper-manganese deposit, which is found in Peru. The latest update factors in exploration conducted in 2024 and 2025, with this estimate marking the first such update since 2023. Highlights from the revised estimate include: “The new MRE reflects a significant derisking […]
Domtar to Permanently Close Crofton Pulp Mill, 350 Jobs Lost
Domtar announced Tuesday it will permanently close its pulp mill in Crofton, British Columbia, eliminating approximately 350 jobs just weeks before the holiday season. The company said operations at the Vancouver Island facility will end December 15, though most employees will remain on payroll through mid-February 2026, with some positions extending to April. The mill, […]
Ontario Signs Bulgaria Nuclear Pact, Advances UK Critical Minerals Track
Ontario framed closing two major partnerships within 48 hours, pairing a “hundreds of millions” nuclear support agreement in Bulgaria with UK-based groundwork for a critical minerals partnership involving Argentina. In Bulgaria, Ontario Minister of Energy and Mines Stephen Lecce joined Energy Minister Zhecho Stankov to announce an agreement leveraging Ontario’s nuclear expertise to support Kozloduy […]
BC Conservatives Move To Remove Party Leader After He Refused To Step Down
The BC Conservatives’ attempt to oust party leader John Rustad hinges on a simple majority inside a 39-member caucus, but the public conflict has now become about the authority and mechanism of removal. Twenty caucus members submitted “individually executed” statements saying they had lost confidence in Rustad’s leadership, calling for his removal and the appointment […]
BMO Lifts Adjusted Income In Q4 2025 As Credit Loss Costs Halve
BMO Financial Group (TSX: BMO) reported Q4 fiscal 2025 results showing flat reported earnings but sharply higher adjusted profitability as credit loss provisions fell hard and revenue grew. Quarterly revenue rose 4% YoY to $9.34 billion from $8.96 billion, driven by non-interest revenue up 9% to $3.85 billion and net interest income up 1% to […]