Atlas Salt Enters MOU For Salt Production Offtake And Joint Venture
Atlas Salt (TSXV: SALT) has taken a major step forward in the development of its Great Atlantic Salt Project. The company has entered into a non-binding memorandum of understanding for a salt production offtake agreement as well as for a joint venture for the distribution and sale of packaged salt and related products in Canada. […]
Silvercorp Initiates Construction On El Domo Copper Mine In Ecuador
With the completion of the acquisition of Adventus Mining, and the recent receipt of regulatory approvals, Silvercorp Metals (TSX: SVM) this morning announced that it has begun the process for construction at the El Domo copper-gold project in Ecuador. In connection with the decision, the company has hired the former manager of B2Gold Nunavut, Jaymes […]
Canada Jetlines Makes Filing Under Bankruptcy And Insolvency Act
Just days after ordering a halt to its operations, Canada Jetlines (CBOE: CJET) has announced that it has made a filing under the Bankruptcy and Insolvency Act in Canada. The formal filing, referred to as a Notice of Intention to Make a Proposal, saw the appointment of BDO Canada as a proposal trustee, whom is […]
Sudden Shutdown: What Canada Jetlines’ Demise Reveals About the Airline Industry
Canada Jetlines Operations (Cboe: CJET) abruptly ceased all airline operations on August 15, a decision that sent shockwaves through the Canadian aviation industry. The announcement came just days after a mass resignation of key executives, including the CEO and several board members, highlighting a company in deep turmoil. However, the story of Canada Jetlines’ downfall […]
Harris Aims to Reverse Trump-Era Tax Cuts with 28% Corporate Rate
Vice President Kamala Harris has announced a proposal to raise the corporate tax rate from 21% to 28% as part of her presidential campaign platform. The announcement came on Monday, coinciding with the start of the Democratic National Convention in Chicago. Harris’s campaign spokesperson, James Singer, framed the proposal as a fiscally responsible measure aimed […]
US Government Invests $20 Million in Canadian Cobalt Refinery
The US Department of Defense has awarded $20 million to Canada’s Electra Battery Materials Corp. (Nasdaq: ELBM; TSX-V: ELBM). The funding, provided under Title III of the Defense Production Act, will support the construction of North America’s only cobalt sulfate refinery in Temiskaming Shores, Ontario. The $250 million facility, located about 500 kilometers north of […]
Assembly of Manitoba Chiefs Calls for Reversal of Charles Adler’s Senate Appointment
The recent appointment of Charles Adler to the Canadian Senate has ignited a firestorm of controversy in Manitoba, with Indigenous leaders and a Liberal cabinet minister expressing strong opposition to the decision. The Assembly of Manitoba Chiefs (AMC) has called on Governor General Mary Simon and Prime Minister Justin Trudeau to rescind Adler’s appointment, citing […]
Mike Lynch’s Autonomy Co-Defendant Dies After Being Hit By Car
Stephen Chamberlain, former co-defendant of British tech entrepreneur Mike Lynch in a high-profile US fraud trial, has died after being struck by a car while jogging in Cambridgeshire, UK. The incident occurred just days before Lynch himself was reported missing after a luxury yacht sank off the coast of Sicily. Chamberlain, who served as vice-president […]
Kroger Sues FTC on Accusation of Unconstitutional Power Grab Over Albertsons Merger
Grocery chain Kroger Co. (NYSE: KR) has filed a lawsuit against the Federal Trade Commission (FTC) and its Chair, Lina Khan, challenging the constitutionality of the agency’s ongoing administrative proceedings to block Kroger’s proposed $24.6 billion merger with Albertsons Companies, Inc. This legal battle, unfolding in the Southern District of Ohio, underscores a significant confrontation […]
Mexico Moves to Ban Open-Pit Mining and Fracking in Sweeping Environmental Reforms
In a significant move aimed at reshaping Mexico’s environmental and agricultural policies, a key committee in Mexico’s lower house of Congress has approved two constitutional reforms that, if passed, could dramatically alter the landscape of the country’s mining and agricultural sectors. The proposed reforms, which are part of a broader package of constitutional changes, are […]