Michael Burry Flags Big Tech’s Depreciation Tweaks Could Overstate Earnings
Investor Michael Burry recently raised concerns that Big Tech’s changes to depreciation schedules could overstate earnings through 2028, estimating $176 billion of understated depreciation across hyperscalers in 2026–2028. He cited Meta Platforms and Oracle as the most affected at 20.8% and 26.9% by 2028. Burry added companies are extending the “useful life” of servers and […]
Ottawa Targets 300K Supplementary Reserve From Public Volunteers
Canada will attempt to build a 300,000-person contingent by inducting volunteer public servants into the military’s supplementary reserve under a directive signed in May 2025 by Chief of the Defence Staff Gen. Jennie Carignan and Defence Deputy Minister Stefanie Beck. The nine-page unclassified directive says federal and provincial employees would receive a one-week course covering […]
SSR Mining Outlines $824 Million NPV, 12 Year Life Of Mine For Cripple Creek
SSR Mining (TSX: SSRM) has released the results of a technical report summary conducted on their recently acquired Cripple Creek & Victor Gold Mine in Colorado, which they acquired from Newmont earlier this year for $275 million. The operating mine is estimated to have an after tax net present value (5% discount) of $824 million […]
Marimaca Copper Receives Environmental Approval For Oxide Project
Marimaca Copper (TSX: MARI) continues to advance their Marimaca Oxide Project in Chile towards being construction ready, with the company this morning announcing the receipt of environmental approvals for the project. The approval follows a submission made by the company in December 2024 as part of advancing the project. With approval in hand, Marimaca is […]
1911 Gold Hits 24.83 g/t Gold Over 2.60 Metres At True North
1911 Gold (TSXV: AUMB) this morning released assay results from drilling conducted at their True North Gold Project in Manitoba. A total of five drill holes saw assay results released, with the holes intersecting gold mineralization within the San Antonio West target. Highlights from the results include: Surface drilling conducted at San Antonio West target […]
Credit Agency Flags Budget 2025 Could Erode Federal Finances
Fitch Ratings warned that Canada’s proposed 2025 budget underscores erosion of federal finances and could increase rating pressure over the medium term even as the sovereign remains AA+ with a Stable outlook. In its wire note, the agency wrote that while “Canada’s rating is broadly stable, persistent fiscal expansion and a rising debt burden have […]
Tilt Holdings Latest Cannabis Firm To File Under CCAA, Wiping Out Shareholders
Another US multi-state operator has hit the rocks. Tilt Holdings (CBOE: TILT) this morning announced that they have filed for, and been granted, an initial order in the Supreme Court of British Columbia under the Companies’ Creditors Arrangement Act. The filing follows the company reaching an agreement with the holders of senior secured notes of […]
enCore Energy Narrows Loss By 67% In Q3 2025 On Stronger Margins
enCore Energy (TSXV: EU) cut its quarterly loss per share to $0.03 in Q3 2025 from $0.09 a year ago as higher deliveries at firmer prices and lower unit costs lifted margins. The company delivered 130,000 pounds of U₃O₈ at an average realized price of $68.28 per pound, producing estimated revenue of $8.9 million. The […]
Oil Capacity Set To Increase As Enbridge Upsizes Mainline
Enbridge (TSX: ENB) said it will accelerate an upsized expansion of its Mainline system, adding 150,000 barrels a day by 2027 and 250,000 barrels a day by 2028 after the network ran full in the third quarter. The company had previously guided to a two-step plan of 150,000 barrels a day in 2027 and 150,000 […]
Lithium Argentina Rallies On 150ktpa PPG Plan, Eclipsing Wider Q3 2025 Loss
Lithium Argentina (TSX: LAR) reported its Q3 2025 financials, highlighted by a net loss of $64.5 million, up from a $2.4 million loss a year earlier, as total expenses rose to $60.4 million from $8.8 million and equity-accounted losses from Cauchari-Olaroz swelled. The larger loss primarily reflected a $52.5 million share of loss from the […]