Boeing Workers Reject Contract Offer, Strike Continues into Seventh Week
Boeing (NYSE: BA) factory workers have voted decisively against the company’s latest contract proposal, extending a strike that has halted production at key facilities in Washington state. The International Association of Machinists and Aerospace Workers (IAM) announced that 64% of voting members rejected the offer, which included a 35% wage increase over four years. The […]
Newmont Sees 84% Revenue Jump In Q3 2024 Riding On Surging Gold Prices, Rising Costs Temper Margins
Newmont Corporation (TSX: NGT) reported its third-quarter 2024 financial results at closing bell on Wednesday, showcasing robust revenue growth driven by higher gold prices. However, rising costs, weaker non-gold metal performance, and concerns around shareholder returns have tempered the quarterly performance. The mining giant posted $4.6 billion in revenue for Q3 2024, marking an 84% […]
Arkansas Could Hold World’s Largest Lithium Reserve for EV Batteries
A groundbreaking study led by the US Geological Survey has identified an enormous lithium reserve in southwestern Arkansas that could potentially revolutionize the US supply chain for electric vehicle batteries. Using innovative machine learning techniques and water testing, researchers estimate the Smackover Formation contains between 5 and 19 million tons of lithium. Even at the […]
The ‘Code Red Petition’: Is Justin Trudeau on the Brink of Losing His Party’s Support?
In the wake of several political defeats and declining popularity, Prime Minister Justin Trudeau is facing increasing pressure from within his own party to step down as leader of the Liberal Party of Canada. Recent reports have surfaced about a “Code Red Petition,” a document allegedly signed by a growing number of Liberal MPs, calling […]
Auditor General Launches Full Probe of GC Strategies’ $107M Government Contracts
Canada’s Auditor General Karen Hogan announced Monday she will conduct a comprehensive audit of all government contracts awarded to GC Strategies, its predecessor Coredal, and related companies, expanding beyond the controversial ArriveCan app investigation. Responding to a formal request from the House government operations committee, Hogan confirmed in letters to House Speaker Greg Fergus and […]
Bank of Canada Further Cuts Policy Rate by 50 Basis Points to 3.75%
The Bank of Canada (BoC) has reduced its key interest rate by 50 basis points, bringing the overnight rate to 3.75%. This decision, announced on Wednesday, marks the central bank’s fourth consecutive rate cut since June, as inflation has returned to target levels. Inflation in Canada has fallen sharply in recent months, dropping from 2.7% […]
Volt Lithium Extracts Battery-Grade Lithium Carbonate from Texas Oilfield Brine
Volt Lithium Corp. (TSXV: VLT) recently reported that it has successfully produced battery-grade lithium carbonate from oilfield brine in the Permian Basin, Texas. The Permian Basin, historically known for its oil and gas production, is now emerging as a new source of lithium. The company’s direct lithium extraction (DLE) technology has allowed the company to […]
MAG Silver Boosts Output with 4.9M Silver Ounces in Q3 2024
MAG Silver Corp. (TSX: MAG) has reported its production results from the Juanicipio plant, a key asset in its joint venture with Fresnillo plc, for the third quarter (Q3) of 2024. The Juanicipio plant, a 56%-44% joint venture between Fresnillo and MAG Silver, processed 332,290 tonnes of ore during Q3, continuing its steady production pace […]
IAMGOLD Drills 19 Meters At 5.15 g/t Gold In Nelligan Project
IAMGOLD Corporation (TSX: IMG) has released new assay results from its 2024 drilling program at the Nelligan Project in Quebec, revealing significant extensions of the gold-bearing zones, adding momentum to the company’s exploration efforts in this highly prospective mining district. The Nelligan Project, fully owned by IAMGOLD, is located in the prolific Abitibi gold belt […]
Collective Mining Assays 57.65m at 8.18 g/t AuEq at Apollo
Collective Mining (TSX: CNL) announced the discovery of a significant high-grade gold zone at its Apollo system within the Guayabales Project in Caldas, Colombia. The newly discovered zone, known as the Ramp Zone, was revealed through deep drilling at a depth of over 1,000 meters below the surface, marking an important step in the development […]