Fission Uranium Receives Court Approval For Takeover By Paladin, But Is Still Hamstrung By Feds
Fission Uranium (TSX: FCU) has inched closer to closing its sale to ASX-listed Paladin Energy. The company last night indicated it has received a final order from the Supreme Court of British Columbia approving the transaction. While not typically a major hurdle in the M&A world, The approval is significant as it signifies the courts […]
Global Atomic Increases Financing To $35 Million Due To Demand
Global Atomic (TSX: GLO) has seen huge demand for a public offering, increasing the size of its public offering substantially after the close of markets yesterday. The increase follows the terms of the transaction being released mid-day, following a halt of trading the night before. The financing, which was upsized from $25 million to that […]
G42 Investment Scrutiny Halts Cerebras’ IPO Plans —Report
Cerebras Systems, a leading AI chipmaker competing with Nvidia (Nasdaq: NVDA), is likely to delay its highly anticipated initial public offering due to an ongoing US national security review, according to an exclusive report from Reuters. The review, conducted by the Committee on Foreign Investment in the United States (CFIUS), is focusing on a minority […]
Northvolt Subsidiary Files for Bankruptcy Amid Expansion Halt
Swedish battery maker Northvolt AB has filed for bankruptcy protection for one of its subsidiaries, Northvolt Ett Expansion AB, as it grapples with a deepening liquidity crisis. The move comes after the company suspended expansion plans at its flagship plant in Skelleftea, northern Sweden last month. The subsidiary, which had no direct employees, was responsible […]
Mali Seeks $512 Million In Taxes And Dividends From Barrick Gold
Mali’s military government is demanding at least 300 billion CFA ($512 million) in outstanding taxes and dividends from Barrick Gold (TSX: ABX), according to multiple sources familiar with the matter. This move is part of Mali’s broader push to increase revenue from mining companies operating in the country. The demand follows an audit of mining […]
Norway Bucks Cashless Trend With New Payment Legislation
Norway implemented new legislation on October 1, strengthening consumers’ right to pay with cash. This move came in response to the country’s rapid shift towards a cashless society, which had left an estimated 600,000 Norwegians who struggle with digital transactions at a disadvantage. The changes to the Financial Agreements Act, adopted by the Norwegian parliament […]
US Invests $2.8 Billion in Nuclear Power Resurgence
The Biden administration yesterday announced plans to restart decommissioned nuclear reactors and invest in new nuclear technologies to meet the growing demand for emissions-free electricity. White House climate adviser Ali Zaidi revealed that the government is actively working on bringing additional shuttered nuclear plants back online, beyond the two projects already underway. These include the […]
South Korea Tightens Short-Selling Regulations, Introduces Severe Penalties for Violations
South Korea’s National Assembly has passed a significant amendment to the Capital Markets Act, aiming to strengthen regulations on illegal short-selling practices. The new law, set to take effect on March 31, 2025, introduces harsher penalties and enhanced administrative sanctions for offenders. Under the revised legislation, announced in late September by the Financial Services Commission […]
Court Greenlights FTX’s $16.5 Billion Customer Reimbursement Plan
FTX has received court approval for its bankruptcy plan, allowing it to repay customers using up to $16.5 billion in recovered assets. US Bankruptcy Judge John Dorsey approved the wind-down plan in Wilmington, Delaware, on Monday, marking a significant step forward in resolving one of the crypto industry’s most high-profile collapses. The approved wind-down plan […]
Fireweed Metals Hits 4.88% Zinc Over 46 Metres At New Discovery At Macpass
Fireweed Metals (TSXV: FWZ) is reporting a new discovery at the Macpass project in the Yukon. The discovery, made at the Popcorn target, follows a seven hole drill program that saw mineralization intersected in each hole. Highlights from the drill results include: The seven drill holes conducted were drilled across 1,476 metres in aggregate, intersecting […]