Greenland Awards Mining Deal to Europeans as Trump Pursues Island
Greenland granted a 30-year mining permit to a Danish-French consortium this week, strengthening European ties as President Donald Trump continues pushing to acquire the Arctic territory. The permit allows Greenland Anorthosite Mining to extract anorthosite, a white rock used in aluminum production and defense applications. The company is backed by French investment firm Jean Boulle […]
Beijing’s Gold Buying Spree Accelerates: Imports Surge 73% in April
China’s gold imports surged 73% in April to 127.5 tonnes, reaching an 11-month high as Beijing accelerates efforts to reduce reliance on the US dollar amid mounting trade tensions. The April figure represents a dramatic reversal from earlier this year, when imports had fallen to multi-year lows. January saw only 17 tonnes imported — the […]
Oil Slips to Weekly Lows on Prospect of Another Super-Sized OPEC+ Boost
Oil prices extended a three-day slide as OPEC+ members weighed a third consecutive super-sized supply boost. Delegates reported that the group is considering raising output by 411,000 barrels per day from July—roughly triple the initially scheduled 137,000 bpd—and that any approval at the June 1 meeting would mark the third straight month of extra production. […]
Foran Mining Evacuates McIlvenna Bay Over Wildfire Threat
Forest fires are beginning to halt the operations of resources names again this year, with Foran Mining (TSX: FOM) announcing Thursday that operations at their flagship McIlvenna Bay Project have been put on hold. Non-essential personnel and contractors are in the process of being demobilized from site as a precautionary measure. Foran has stated that […]
4Front Ventures Places US-Based Subsidiaries Into Receivership
Another public cannabis company is at the end of the line, with 4Front Ventures (CSE: FFNT) this morning indicating that all of its US-based subsidiaries have failed for voluntary receivership. The filing is said to have been made in an effort to aid liquidation of the assets, with the filing made in the state of […]
Generation Mining Obtains Support Letter For $200 Million Credit Facility
Generation Mining (TSX: GENM) continues to push forward with securing project financing for its flagship Marathon Copper-Palladium project in Ontario. After receiving the final construction permit for the project on Thursday, a further source of funding has materialized to support development. Without disclosing the name of the lender, Generation has indicated that a leading Canadian […]
Chinese Mining Giant Opens Gold, Copper Fund to Hong Kong Investors
Chinese mining conglomerate Zijin Mining Group opened its gold and copper investment fund to professional investors in Hong Kong this week, expanding access to a fund previously limited to company insiders. Gold Mountain Asset Management, Zijin’s overseas subsidiary, launched the fund to external investors Wednesday after operating exclusively for internal companies and employees. The move […]
Did Trump ‘Overplay His Hand’ In Tariff-Driven Trade Deals?
President Donald Trump’s tariff-heavy trade strategy is encountering significant resistance as countries worldwide adopt China’s successful playbook of patient negotiation rather than rushing to secure deals with the United States. The shift became apparent after Trump’s dramatic May agreement with China, which temporarily reduced US tariffs from 145% to 30% — a 115 percentage point […]
Liberal Backbenchers Reportedly Push Secret Ballot Reform, Testing Carney’s Grip
An alleged brewing rebellion within Liberal ranks is poised to test Prime Minister Mark Carney’s grip on caucus cohesion, as backbenchers privately rally behind adopting the Reform Act. This move, which would empower MPs to oust a future leader through a secret confidence vote, signals deepening fractures within the Liberal government. As Politico’s Mickey Djuric […]
Union Leader To Ottawa: Seize Assets Of Companies Offshoring Canadian Jobs
Canada’s largest private-sector union is pressing Ottawa to wield a little-used Cold War–era law to punish companies that offshore Canadian jobs. In a letter to Prime Minister Mark Carney, Unifor National President Lana Payne urged the federal government to invoke the Foreign Extraterritorial Measures Act “to fine and seize the assets of companies that move […]