Activist Investor Pressures Cannabist Over Financial Struggles
The Cannabis Company Holdings Inc. (CBOE: CBST), known as Cannabist and formerly as Columbia Care, has come under intense pressure from one of its key debt holders, FiSai US Management LLC. The investor, which owns $50 million of Cannabist’s secured notes due in 2026, has openly criticized the company’s leadership and financial strategy, calling for […]
The One Where Ryan Salame Tries to Be Funny
Ryan Salame, former co-CEO of FTX Digital Markets, posted a mildly sardonic update on LinkedIn on Thursday, announcing his “new position as Inmate at FCI Cumberland.” Salame will report to the Federal Correctional Institution in Cumberland, Maryland on Friday to begin serving a 7.5-year sentence for campaign finance law violations. The 31-year-old executive was convicted […]
Hackers Target Internet Archive in Major Data Breach
The Internet Archive, home to the Wayback Machine, fell victim to a significant cyberattack that compromised its authentication database and triggered a massive Distributed Denial of Service (DDoS) attack. The breach, which happened on September 18, exposed personal information of approximately 31 million registered users, including email addresses, screen names, and Bcrypt-hashed passwords. The attack […]
Congo Launches Strategy to Diversify Mining Investments Beyond China
The Democratic Republic of Congo is making strategic moves to diversify its mining industry and attract new investors, according to recent statements from the country’s top mining official. Mines Minister Kizito Pakabomba outlined plans to streamline processes for customs and taxes, while also announcing a partnership with the United Arab Emirates. A key component of […]
CBC Cuts Hundreds of Jobs as Advertising Revenue Falls, But Government Funding Rises
CBC earlier this week published its 2023-2024 annual report. The year has been a period of notable restructuring for CBC/Radio-Canada, driven by financial pressures and changing market conditions. As the national broadcaster continues to adapt to the digital era and economic challenges, its latest financial report reveals significant shifts in workforce composition, advertising revenue, and […]
Rua Gold Acquisition of Siren Gold: A Deeper Look into New Zealand’s Gold Mining Industry
Vancouver-based mining firm Rua Gold (CSE: RUA) has announced its move to acquire Reefton Resources from ASX-listed Siren Gold, marking a pivotal expansion in New Zealand’s Reefton Goldfield. This acquisition signifies not only a significant growth in Rua Gold’s asset base but also a broader trend of increased investment and focus on New Zealand’s gold mining sector.
Sandstorm Gold Sees Revenues Rise In Q3 Despite Declining Production
Sandstorm Gold (TSX: SSL) last night reported its preliminary fourth quarter results, highlighted by preliminary revenue of $44.7 million. Preliminary revenue improved by 8% on a year over year basis, up from the $41.3 million reported in the year ago period. Revenue also improved from the $41.4 million reported in the second quarter of this […]
ATHA Energy Enters Multiple Option Arrangements With Terra Uranium
ATHA Energy (TSXV: SASK) and Terra Uranium (ASX: T92) appear to be doing a “property swap” of sorts, with the two parties announcing this morning that they are optioning certain projects from one another.
SilverCrest Sees Production Fall In Q3 2024
SilverCrest Metals (TSX: SIL) has reported its preliminary third quarter production figures, while at the same time reporting record quarterly revenue, which can be attributed to the rising gold and silver prices. Third quarter production came in at 14,928 ounces of gold and 1.41 million ounces of silver, for a combined 2.60 million silver equivalent […]
New Analysis Casts Doubt on Federal Capital Gains Tax Estimates
A new study has cast doubt on the Canadian government’s projected revenue from its recent capital gains tax adjustment. The C.D. Howe Institute has released findings that challenge Finance Minister Chrystia Freeland’s optimistic fiscal forecasts. The study by Alexandre Laurin and Nicholas Dahir, titled “Uncertain Returns: The Impact of the Capital Gains Hike on Ottawa’s […]