DEA Nominee Views Cannabis Reclassification as Priority, Stops Short of Guarantee
Terrance Cole, tapped by President Trump to lead the Drug Enforcement Administration, testified his administration would make reviewing cannabis’s federal status a top concern while avoiding firm commitments about the outcome. “It’ll be one of my first priorities when I arrived at DEA to see where we are in the administrative process,” Cole told the […]
US, Ukraine Finalize Minerals Agreement After Extended Negotiations
Officials from the United States and Ukraine formalized a bilateral agreement Wednesday establishing a joint fund linked to Ukraine’s mineral and rare earth assets, acknowledging American financial support that has reached $175 billion since the Russian invasion began. The accord, signed by Treasury Secretary Scott Bessent and First Deputy Prime Minister Yulia Svyrydenko, concludes negotiations […]
TC Energy Q1 2025: Cash Flow Craters 33%, Income Relatively Flat
TC Energy (TSX: TRP) posted its first quarter results for 2025, with comparable earnings from continuing operations falling to $983 million or $0.95 per share, down from $1.06 billion or $1.02 per share in Q1 2024—missing consensus estimates of $0.97. Net income was essentially flat year-over-year at $978 million, compared to $988 million. Comparable EBITDA […]
Recession is Here: Canadian Economy to Shrink for Two Straight Quarters—Deloitte
Canada is set to enter a technical recession in the second quarter of 2025, according to a new Deloitte Canada outlook. The position projects consecutive quarters of negative GDP growth driven by plummeting business investment, rising unemployment, and trade-related uncertainty. Deloitte forecasts real GDP will contract by 1.1% in Q2 and by another 0.9% in […]
Alamos Gold Q1 2025: Net Income Falls Despite Record Gold Prices
Alamos Gold (TSX: AGI) reported Q1 2025 financial results, headlined by revenues climbing 20% year-over-year to $333.0 million—buoyed by a 35% surge in realized gold prices, driven by the highest quarterly realized gold price in company history at $2,802 per ounce, a 35% increase from $2,069 per ounce in Q1 2024. However, gold sales volume declined […]
Endeavour Mining’s Record Cash Flow In Q1 2025 Reduced By Hedging Loss
Endeavour Mining (TSX: EDV) has delivered the financial results of its first quarter of 2025, with revenues soaring 120% year-over-year to $1.04 billion, driven by a 57% jump in gold sales volume to 353,000 ounces and a realized gold price of $2,783 per ounce—up sharply from $2,041 per ounce in Q1 2024 and $2,590 per ounce […]
Musk On Reports Of Replacing Him As Tesla CEO: “Deliberately False Article”
Tesla (NASDAQ: TSLA) issued a categorical denial of reports that its board had begun looking for a successor to CEO Elon Musk. The rebuttal follows a Wall Street Journal report citing multiple sources who claimed the board began reaching out to executive search firms last month amid frustration over Musk’s inattention to Tesla and a plunging stock […]
Goldshore Drills 1.10 g/t Gold Over 25 Metres Near Surface
Goldshore Resources (TSXV: GSHR) has released further assay results from ongoing drilling at its Moss Gold Project in Ontario. The latest results target the near surface extension of the furthest north shears which historically had been modelled as waste. Highlights from the results include: “Historically undrilled areas had been modelled as waste, but these new […]
Simply Solventless Denies Material Adverse Event As Canadabis Walks From Merger
Simply Solventless Concentrates (TSXV: HASH) has seen Canadabis Capital (TSXV: CANB) attempt to walk away from a proposed merger that was announced back in March. Simply Solventless however is claiming that the grounds for walking away from the deal are invalid. On Monday, CanadaBis announced that it had terminated the arrangement agreement effective immediately. The […]
Trump: “I Actually Think The Conservative Hated Me Much More Than The So Called Liberal”
Canadian Prime Minister Mark Carney will visit Washington for talks with President Donald Trump soon, both governments confirmed Wednesday, following the Liberal Party’s victory in Canada’s federal election. During a cabinet meeting at the White House, Trump announced that the newly elected Canadian leader would arrive “within the next week” to discuss bilateral relations. “He […]