Arht Media Latest Small Cap Firm To File For Bankruptcy
Bankruptcies continue to hit the Canadian small cap landscape. The latest firm to wave the white flag is Arht Media (TSXV: ART), whom this morning indicated it had made a filing under the Bankruptcy and Insolvency Act. MNP Ltd has been appointed as the firms licensed insolvency trustee, while all employees and contractors have been […]
James Bay Resources Attempts To Sue Wynn Resorts After Investing In A Conman
In what is perhaps the most bizarre news in the junior mining sector this week, James Bay Resources (CSE: JBR) has filed a statement of claim against Wynn Resorts in an attempt to recover lost funds following an investment in a third party. The filing follows the company making an investment in businesses operated by […]
Coeur Mining To Acquire SilverCrest For $1.7 Billion
There’s another major merger set to occur in the silver mining market. Coeur Mining (NYSE: CDE) this morning announced it has entered into an agreement to acquire SilverCrest Metals (TSX: SIL) in an all-stock transaction. The transaction will see SilverCrest shareholders receive 1.6022 Coeur common shares for each share of SilverCrest held, implying consideration of […]
Heritage Minister Set to Unveil CBC Modernization Plan and Maybe A New CEO
The Canadian government is set to announce significant changes to CBC/Radio-Canada’s mandate in the coming weeks, according to CBC News which cited a senior government official. Heritage Minister Pascale St-Onge is expected to reveal legislative and regulatory updates aimed at modernizing the public broadcaster to better adapt to the evolving media landscape. The announcement, anticipated […]
Are We On Our Way to $40 Silver? Prices Surge 34% YTD
As gold continues to break records, silver is quietly outpacing its more famous counterpart, with prices surging 34% year-to-date. This impressive rally has caught the attention of analysts, including Citi Research, who are increasingly bullish on silver’s prospects. Specifically, Citi Research called for US$35 an ounce silver by the end of 2024, and US$38-40 silver […]
X-Ray Vision Is Here … And It’s More Disturbing Than You Think
Two Harvard students have transformed Meta‘s (Nasdaq: META) Ray-Ban smart glasses into a device that can identify strangers and access their personal information, sparking serious privacy concerns. AnhPhu Nguyen and Caine Ardayfio’s project, dubbed I-XRAY, combines facial recognition technology with public databases to quickly compile details about individuals in view. The students linked Meta’s Ray-Ban […]
Russia Plans to Maintain Precious Metals Spending, Resume Palladium Purchases
The Russian Finance Ministry has unveiled plans to invest 51.5 billion rubles (approximately $538 million) annually in strategic metals and gemstones through 2027. This decision, part of a draft federal budget, marks a significant shift in Russia’s economic strategy. Of particular note is the reintroduction of palladium to the government’s purchasing list. This rare metal, […]
NC Supreme Court Allows Out-of-State Lawyers to Assist Hurricane Helene Victims
North Carolina’s Supreme Court bolstered legal support for Hurricane Helene victims by allowing out-of-state lawyers to help. On Tuesday, the court approved a pathway allowing out-of-state lawyers to provide pro bono legal services to those impacted by the hurricane. This decision, known as a “Katrina order,” comes as legal aid groups prepare for an extensive […]
Appeals Court Rejects CFTC Bid to Halt Political Betting Markets
A federal appeals court in Washington has paved the way for the return of regulated political betting markets in the United States. The ruling, issued less than five weeks before Election Day, allows financial exchange startup Kalshi to resume offering fully regulated election-betting markets. The three-judge panel lifted a temporary freeze on these markets, rejecting […]
Costco Goes Platinum: The Shiny New Addition to the Wholesaler’s Precious Metal Lineup
Costco (NASDAQ: COST), known for its bulk deals on everything from toilet paper to snacks, has taken another step in its growing portfolio of precious metals. Following the soaring success of its gold and silver sales, the retailer announced on Wednesday that it will begin selling 1-ounce platinum bars, with the first bars going for […]