Shares Plummet As Syrah Resources Declares Force Majeure Amid Violent Protests in Mozambique
Shares of Syrah Resources plummeted as the Australian mining company declared force majeure for its Balama graphite mine in Mozambique. This drastic measure follows prolonged civil unrest in the African nation, which has severely disrupted operations and triggered loan defaults with U.S. government agencies. The company stock fell as much as 32% in early trading, […]
Heliostar Metals To Restart Mining Operations At La Colorada
Heliostar Metals (TSXV: HSTR) intends to restart mining operations at its recently acquired La Colorada mine in Mexico. The company this morning indicated that it has undertaken a work program on site, with crushing and stacking to begin in January 2025. Operations at the mine are set to see a work program begin on the […]
Grid Metals Options Makwa Nickel Project To Teck For $15.7 Million In Exploration Spend, $1.6 Million In Cash
Grid Metals (TSXV: GRDM) has entered into an arrangement whereby it has agreed to option up to a 70% interest in the Mawka nickel project in Manitoba to Teck Resources (NYSE: TECK). The arrangement consists of a two stage option agreement, which if entirely exercised would see Teck spend $15.7 million in exploration on the […]
Agnico Eagle To Acquire O3 Mining For $1.67 A Share In Cash
Agnico Eagle Mines (TSX: AEM) is set to expand its Canadian Malartic Complex in Quebec with the addition of O3 Mining (TSXV: OIII). The gold producer this morning announced that it has entered into a definitive agreement for the friendly takeover of O3. The arrangement will see O3 Mining shareholders receive $1.67 in cash for […]
Ontario Premier Counters Trump: No Energy for Key U.S. States if Tariffs Hit
The escalating trade tensions between Canada and the United States have taken a sharp turn, with Ontario Premier Doug Ford issuing a stark warning to Washington. In an interview, Ford threatened to cut off energy supplies to several key U.S. states, including Michigan, New York, and Wisconsin, if proposed tariffs on Canadian goods are implemented […]
Canada Loses Track of 30,000 People Ordered Deported
Government documents reveal 29,731 people ordered deported from Canada have vanished from authorities’ radar, with Ontario recording more than two-thirds of the disappearances. The Canada Border Services Agency (CBSA) lists these individuals as “wanted” after they failed to appear for removal proceedings. They form part of a larger group of 457,646 people facing deportation. Ontario […]
Newmont Axes Leadership Jobs in Cost-Cutting Frenzy
Newmont Corporation (TSX: NGT) has announced significant management layoffs and a reorganization of its business units as it grapples with operational challenges and investor dissatisfaction. This major corporate restructuring comes in the wake of disappointing financial results and the ambitious $15 billion acquisition of Newcrest Mining in 2023. Nearly a dozen managers, including a high-ranking […]
Postal Strike Drags On as Union, Canada Post Remain Deadlocked
A nationwide postal strike entering its 27th day has begun disrupting commercial courier services, forcing major carriers to restrict shipments as Canada Post and its union remain locked in a dispute over wages and working conditions. The Canadian Union of Postal Workers issued a bulletin Tuesday evening defending its position and outlining new proposals, including […]
Microsoft Votes No on Bitcoin Despite Saylor’s Plea
Microsoft Corporation (NASDAQ: MSFT) has officially decided to steer clear of Bitcoin as part of its financial strategy, after shareholders voted against a controversial proposal to diversify the company’s balance sheet with the cryptocurrency. The proposal, brought forward by the National Center for Public Policy Research, had aimed to allocate 1-5% of Microsoft’s profits into […]
For $1 Billion, Trump Promises To Expedite Permits Including Environmental
U.S. President-elect Donald Trump has once again ignited debates with a bold promise aimed at incentivizing large-scale investments in the United States. In a recent social media post, Trump declared that any individual or company investing $1 billion or more in the country would receive “fully expedited approvals and permits,” including environmental clearances. The statement, […]