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 […]
Advantage Energy Curtails Up To 130 mmcf/d Of Natural Gas Production
Low natural gas prices have led Advantage Energy (TSX: AAV) to curtail natural gas production in Alberta. The curtailments reportedly began in September, and are expected to continue during the fourth quarter. Curtailments are currently anticipated to impact up to 130 mmcf/d of natural gas production, in what is said to be a strategic method […]
Aris Mining Reports Q3 Production Of 53,608 Ounces
Aris Mining (TSX: ARIS) this morning reported third quarter production of 53,608 ounces of gold across its two mining operations. The figure represents a 9% quarter over quarter increase in production. Production at Segovia totaled 47,493 ounces during the quarter, while the remaining 6,115 ounces of production came from the Marmato Upper Mine. The production […]
Heat-flation? Report Says Canadian Government Tried to Rename Inflation to Blame It On Climate Change
Recent reports circulating online have claimed that the Canadian government considered renaming “inflation” to terms like “heat-flation” or “climate-flation” to link rising prices with climate change. According to Blacklock’s Reporter, a paywalled news service focusing on Canadian federal politics, the Privy Council Office allegedly conducted a focus group in April to test public reception of […]
Magna Mining PEA: A Simplified Breakdown
Magna Mining has seen a flury of activity as of late. Most recently, they released an updated preliminary economic assessment for their past producing nickel-copper Crean Hill Project, which is located in the Sudbury mining district. The assessment, which was released weeks ahead of schedule, follows the company being the talk of the Precious Metals […]
Impact of Governance on Corporate Cash: Why $1 Could Be Worth Just 42 Cents
Recent research demonstrates that the value of cash within a company can vary dramatically based on the strength of its governance. In poorly governed firms, a dollar of cash might be worth as little as $0.42. However, in companies with strong governance structures, that same dollar can nearly double in value. A study by Amy […]