Bank of Canada Reports Rising Vulnerabilities in Housing Market
The Bank of Canada has released its latest quarterly data on indicators tracking vulnerabilities in the Canadian housing market and household finances. This update, released on September 20, continues the Bank’s ongoing efforts to monitor potential risks associated with elevated household debt levels and high house prices. The Bank’s monitoring approach focuses on two key […]
Denison Mines Monetizes Ten Uranium Exploration Properties
Denison Mines (TSX: DML) has monetized a number of its uranium assets, entering into an option agreement with Foremost Clean Energy (CSE: FAT) for a total of ten uranium exploration assets. Under the terms of the arrangement, Foremost will be able to acquire up to a 70% interest in the properties. Foremost is to act […]
Chrystia Freeland Says Bank of Canada’s Monetary Policy Still ‘Contractionary’
Canadian Finance Minister Chrystia Freeland recently discussed the country’s economic situation at a policy conference in Montreal. She noted that despite three consecutive interest rate cuts by the Bank of Canada, borrowing costs remain “contractionary” and are impacting economic activity. The Bank of Canada has reduced interest rates to 4.25% and may continue cutting if […]
Surge Battery Metals Increases Resource Estimate To 11.24 Mt Of Lithium Carbonate Equivalent
Surge Battery Metals (TSXV: NILI) has substantially improved its resource estimate at the Nevada North Lithium Project, increasing its lithium carbonate equivalent tonnes by over 113%. The resource estimate has increased to 11.24 million inferred tonnes of lithium carbonate equivalent tonnes at an average grade of 3,010 ppm Li, based on a 1,250 ppm Li […]
Golden Cariboo Hits 0.80 g/t Gold Over 204 Metres At Halo Zone
Golden Cariboo Resources (CSE: GCC) continues to hit gold at its Halo discovery, this morning indicating that it has encountered an extension of the discovery in a second drill hole.
OpenAI’s Altman and Apple’s Ex-Design Chief Ive Collaborate on Mysterious AI Device
OpenAI CEO Sam Altman has confirmed his collaboration with former Apple (Nasdaq: AAPL) design chief Jony Ive on a new AI-driven hardware project. The news, initially reported by The Information in September last year, was later corroborated by Ive in a New York Times profile. The project, which has been the subject of much speculation, […]
1.6 Billion Pounds Nickel, Copper, Cobalt in Montana | Stillwater Critical Minerals with Michael Rowley
In this interview at the Precious Metals Summit 2024, Michael Rowley, President and CEO of Stillwater Critical Minerals Corp. (TSXV: PGE, OTCQB: PGEZF, FSE: J0G), provides insights into the company’s flagship PGE project in Montana and its potential impact on the critical minerals sector. Rowley highlights the project’s strategic location, its potential to become a […]
Western Nations Unite to Challenge China’s Dominance in Critical Minerals Supply Chain
As global industries become increasingly dependent on high-tech components, the geopolitical spotlight has turned to critical minerals—resources essential for everything from electric vehicles to advanced military technologies. With China holding a dominant position in the global supply of these minerals, Western nations have rallied to challenge this monopoly. On Monday, the Minerals Security Partnership (MSP), […]
Bank of Canada Abandons Digital Currency Plans After Years of Research
After seven years of extensive research, the Bank of Canada has unexpectedly abandoned its plan to introduce a central bank digital currency (CBDC). The decision, which some see as a retreat from innovation, signals that the central bank will not be moving forward with a digital version of the Canadian dollar—at least for now. In […]
Rio Tinto Calls for Increased Exploration Amid Global Energy Transition Demands
Rio Tinto Group has issued a clarion call for the expansion of mineral exploration efforts, particularly for critical metals like copper, as the world grapples with the growing demand for materials essential to the energy transition. With decarbonization and renewable energy projects ramping up globally, metals like copper and lithium are becoming increasingly crucial, and […]