Northvolt’s Bankruptcy Filing In Sweden Shakes Europe’s EV Push
Northvolt, the Swedish electric vehicle battery startup once hailed as a game-changer in Europe’s green transition, has officially filed for bankruptcy in Sweden. The company’s rapid ascent began in 2016, spurred by more than $15 billion in equity, debt, and public financing from high-profile backers. Volkswagen and Goldman Sachs emerged as major stakeholders, while Siemens […]
CGX Energy, Frontera See Guyana Petroleum Prospecting License Terminated
CGX Energy (TSXV: OYL) and Frontera Energy (TSX: FEC) are officially out of an asset in Guyana. The two corporations this morning indicated that a second letter has been received from the Government of Guyana related to the Corentyne petroleum prospecting block off the coast of the country. The letter essentially states that the prospecting […]
Aris Mining Touts Record Gold Production in Q4 2024
Aris Mining (TSX: ARIS) has unveiled its financial and operating results for the fourth quarter and full year ended December 31, 2024. The firm noted a quarterly record-breaking production of 57,364 gold ounces, up from 53,608 ounces in Q3 2024. Segovia, a key contributor to Aris Mining’s results, reported an AISC of US$1,485 per ounce […]
enCore Energy Doubles Flow Capacity At Alta Mesa, Utilization Hits 75%
enCore Energy (TSXV: EU) has doubled the flow capacity at its South Texas Alta Mesa ISR Uranium Central Processing Plant. The doubling of capacity follows the startup of a second ion exchange circuit, which collects uranium from process water pumped from recovery wells in the wellfield. With the second ion exchange circuit coming online, the […]
AtkinsRealis Sells 6.76% Interest In Highway 407 For $2.79 Billion
AtkinsRealis Group (TSX: ATRL), formerly known as SNC-Lavalin, is exiting the Canadian toll road business. The company this morning indicated it has entered into an agreement to sell the last of its stake in 407 International, the entity that owns the 407 Highway in the Greater Toronto Area. The transaction will see AtkinRealis’ remaining 6.76% […]
Liberals Are Scrambling to Figure Out How to Remove the Carbon Tax
The federal Liberal government is currently working through the logistics of fulfilling incoming Prime Minister Mark Carney’s commitment to eliminate the consumer carbon tax, as the scheduled April 1st increase of 19% approaches. In comments made Tuesday, Environment Minister Steven Guilbeault indicated that the implementation path remains unclear. “We’re looking into different options,” Guilbeault explained. […]
OpenAI Signs $11.9 Billion Deal with CoreWeave
OpenAI struck a five-year, $11.9 billion agreement with cloud provider CoreWeave, taking a direct $350 million equity stake and possibly deepening tensions with its biggest backer, Microsoft (Nasdaq: MSFT), in what TechCrunch described as a “grandmaster-level chess move.” “CoreWeave is an important addition to OpenAI’s infrastructure portfolio, complementing our commercial deals with Microsoft and Oracle, […]
Poilievre: “Canada Must Hit Back With 50% Tariffs”
Pierre Poilievre, leader of the Conservative Party in Canada, demanded a swift and forceful response to President Donald Trump’s proposal to impose 50% tariffs on Canadian steel and aluminum prior to those tariffs being walked back. “Common sense Conservatives strongly condemn President Trump’s latest unjust tariffs targeting Canadian steel and aluminum workers and manufacturers,” he […]
Waymo Expands Robotaxi Service to Silicon Valley Communities
Waymo announced Tuesday it will expand its autonomous ride-hailing service by an additional 27 square miles across the San Francisco Bay Area, extending operations into Mountain View, Los Altos, Palo Alto, and parts of Sunnyvale, California. The Alphabet (Nasdaq: GOOG)-owned company will initially limit access to residents with local ZIP codes who use the Waymo […]
US To Require Canadians To Register Stays Beyond 30 Days
Trump administration officials will implement a new rule requiring Canadians who stay in the United States longer than 30 days to register their information and submit fingerprints, according to a draft regulation set to take effect April 11. The measure expands registration requirements for foreign nationals crossing the US-Canada land border for extended stays. Affected […]