Hyundai to Invest $21 Billion in US Operations Through 2028
South Korean automaker Hyundai Motor Group announced on Monday a $21 billion investment plan for its US operations over the next three years, as the company aims to boost production capacity and strengthen its foothold in electric vehicles and advanced technologies. The investment includes $9 billion to expand US automobile production to 1.2 million vehicles […]
Tax Cuts Take Center Stage in Canadian Election Campaign
Canada’s federal party leaders are competing to offer voters the most attractive tax cuts ahead of the April 28 election, while providing few details on how they would offset the resulting revenue losses. Liberal Leader Mark Carney promises a one percentage point reduction to the lowest income tax bracket, estimated to cost $5.9 billion annually. […]
Brazil Potash Enters Site Preparation Contract For Autazes Project
Brazil Potash (NYSE: GRO) has continued to push forward with the development of its flagship Autazes potash project in Brazil. The company this morning indicated it has signed a vegetation management contract with an Autazes-based company.
Montage Gold Enters Partnership With African Gold, To Operate Didievi Project In Cote d’Ivoire
Montage Gold (TSXV: MAU) is expanding its presence in the Ivory Coast, announcing this morning that it has obtained a 19.9% interest in Australia listed-explorer African Gold Limited under a new strategic partnership. The investment will see Montage spend $6.3 million to acquire the interest in the Cote d’Ivoire focused explorer, in exchange for 2.19 […]
Amex Exploration Acquires Perron West Property For Cash And Shares
Amex Exploration (TSXV: AMEX) has dramatically expanded its land holdings within the Abitibi region of Quebec. The company has acquired a new land package adjacent to its flagship Perron project, expanding its holdings from 4,560 hectares to 19,752 hectares. The new claims, to be referred to as Perron West, consist of 48 contiguous claims to […]
New Found Gold Disappoints With Just 2.0 Million Ounces In Initial Resource Estimate
New Found Gold (TSXV: NFG) has released it’s much anticipated initial mineral resource estimate for its flagship Queensway project. The estimate follows the company conducting 723,387 metres of drilling across 3,214 holes on the property. Unfortunately for New Found Gold, the company has managed to assemble a resource estimate of just 2.0 million gold ounces, […]
Gold Road Rejects Gold Fields’ $2.1 Billion Takeover Offer
Australian gold producer Gold Road Resources (ASX: GOR) rejected a $2.1 billion all-cash takeover offer from South African miner Gold Fields (JSE, NYSE: GFI) on Monday, saying the bid materially undervalues the company and is “highly opportunistic.” Gold Fields offered A$3.05 per share, a 28% premium to Gold Road’s March 21 closing price. The offer […]
Canada Reverses Capital Gains Hike
Prime Minister Mark Carney confirmed the cancellation of a proposed increase to Canada’s capital gains inclusion rate—a measure that, less than a year ago, was touted as vital for funding social programs, spurring clean energy, and championing tax fairness. Last year, then–Minister François-Philippe Champagne, speaking in the House of Commons, defended the planned increase in […]
Canada and European Allies Caution Citizens About US Border Crackdown
Canada updated its travel advisory for the United States on Friday, warning citizens they must register with US authorities for stays longer than 30 days or risk penalties under a new rule taking effect next month. The registration requirement, part of President Donald Trump’s “Protecting the American People Against Invasion” executive order signed on January […]
Americans Can Now Pay for Pizza in Installments
Is the economy so bad that people will soon need to finance … fast food? DoorDash (NASDAQ: DASH) and Klarna appear to think so. The two companies on Thursday announced a partnership that would allow Buy Now, Pay Later for food delivery — a domain where immediate payment has traditionally been standard. The BNPL model […]