Microsoft Filing Implies $11.5B Loss For OpenAI
Microsoft (NASDAQ: MSFT) disclosed a $3.1 billion reduction to quarterly net income from its OpenAI investment for the three months ended September 30, 2025, which implies OpenAI lost roughly $11.5 billion in the period based on Microsoft’s 27% ownership. The impact was also $0.41 off diluted EPS, according to Microsoft’s fiscal Q1 FY2026 materials. Microsoft […]
G7 Unlocks $6.4B For Critical Minerals; Ottawa Leads Stockpiles
Critical minerals are getting a boost after the G7 announced 26 investments and partnerships that aim to unlock $6.4 billion in projects through offtake agreements, stockpiling, and targeted financing led by Canada. The package is the first round under the Canada-led Critical Minerals Production Alliance and implements the G7 Critical Minerals Action Plan launched in […]
China Eases Chip Ban, US Restricts Nvidia Blackwell
China will pause new rare earth export controls for one year and begin easing an export ban on automotive computer chips as part of a US-China trade package announced, while President Donald Trump said the most advanced Nvidia Blackwell AI chips will be reserved for US companies. The White House said China will effectively suspend […]
Founders Metals Sees Gold Fields Take $50 Million Stake In Company
Founders Metals (TSXV: FDR) has a new major shareholder. The company has seen Gold Fields Netherlands Services, an affiliate of Gold Fields Limited (NYSE: GFI) make a major investment in the company. The arrangement will see Gold Fields invest a total of $50.0 million under a non-brokered private placement, with the company set to acquire […]
Sponsored · Cambria Gold Mines
Altamira Gold Adds Second Drill Rig To Ongoing Exploration Program Targeting Gold Porphyry’s
Altamira Gold (TSXV: ALTA) is looking to speed up the exploration of their flagship Cajueiro gold project in Brazil, announcing this morning that a second drill rig has been mobilized under an ongoing exploration program.
Prospector Metals Sees B2Gold Increase Stake To 17.2%
Prospector Metals (TSXV: PPP) has seen a major shareholder increase their stake in the company. B2Gold (TSX: BTO) has invested a further $10 million into Prospector, which follows the major discovery of the Tess Zone at Prospector’s ML Property. The arrangement has seen B2Gold acquire 10.3 million shares of the company at a price of […]
New Gold To be Acquired By Coeur Mining For US$7 Billion
Another major transaction is afoot within the mining sector. Coeur Mining (NYSE: CDE) this morning announced that it has entered into a definitive agreement to acquire New Gold (TSX: NGD) in an all-stock transaction. The arrangement will see Coeur expand its North American operations to a total of seven operating mines, with estimated average annual […]
PMET Resources: Lithium Feasibility Study Sees Economics Tumble
We’ve got another economic study for a proposed lithium operation. But unlike recent studies we’ve covered, this one is on one of the premier projects in the space – PMET Resources’ (TSX: PMET) Shaakichiuwaanaan project in Quebec. Which, if you’re a bit out of the loop here, used to be known as Patriot Battery Metals […]
Sponsored · Cambria Gold Mines
Gold Is Not Rising. Confidence Is Collapsing | Todd “Bubba” Horwitz
In this conversation with Todd Bubba Horwitz, CEO of Bubba Trading, we dig into the realities behind the gold and silver surge, what sharp pullbacks signal, and why Bubba expects further volatility before much higher prices. He breaks down the economic backdrop driving metals higher, from a fractured K shaped economy and rising inflation to […]
IAMGOLD: The Quebec Buying Spree
Hot on the heels of successfully getting the Cote mine to commercial production, IAMGOLD (TSX: IMG) has seemingly kept its eye steadily focused on growth. The intermediate gold producer this week announced not one, but two major transactions as it works to consolidate the Chibigamou region of Quebec, which houses both the Monster Lake and Nelligan properties.