Legal Drama Forces DraftKings to Pull the Plug on NFT Business
DraftKings (NASDAQ: DKNG) has abruptly shut down its non-fungible token business, effective immediately “due to recent legal developments”. This decision marks the end of DraftKings’ foray into the digital collectibles market, which had aimed to merge sports culture with the burgeoning world of NFTs. “After careful consideration, DraftKings has decided to discontinue Reignmakers and our […]
Cameco Reports Q2 2024 Earnings: $598 Million In Revenue, $36 Million In Net Earnings
Cameco Corporation (TSX: CCO) released its consolidated financial and operational results for the second quarter ending June 30, 2024. The firm recorded $598 million in revenue, down from Q1 2024’s $634 million but up from Q2 2023’s $482 million. “Second quarter operational performance was strong, driving financial results that remain in line with our full-year […]
BYD Plans Canadian Expansion as Ottawa Mulls New Tariffs on Chinese Vehicles
Chinese electric vehicle manufacturer BYD is considering entering the Canadian automotive market, according to regulatory filings submitted earlier this month. This potential move by BYD comes amid deliberations by Canadian officials on imposing tariffs on vehicles imported from China, following similar actions by the United States and the European Union. In a regulatory document filed […]
Tehran Attack Kills Hamas Leader Ismail Haniyeh
In a dramatic escalation of Middle Eastern tensions, Ismail Haniyeh, the political leader of Hamas, was assassinated in Tehran on Wednesday. Haniyeh, who had been leading Hamas from Doha, Qatar, was in Iran to attend the inauguration of President Masoud Pezeshkian. The attack on Haniyeh’s residence occurred late Wednesday night and resulted in the death […]
Silvercorp To Proceed With Acquisition Of Adventus Mining
Adventus Mining (TSXV: ADZN) is set to proceed with being acquired by Silvercorp Metals (TSX: SVM), despite prior concerns of a material adverse effect previously being raised by Silvercorp. The companies today confirmed that the issue of whether a material adverse event had occurred has been resolved, with the two entities to proceed with closing […]
First Majestic Hits 8.15 g/t Gold, 427 g/t Silver Over 4.78 Metres True Width In New High Grade Discovery At Santa Elena
First Majestic Silver (TSX: AG) has made its largest discovery since 2016 at its Santa Elena property in Sonora, Mexico.
Hercules Completes 4,600 Metres Of Drilling, Encounters Hypogene Copper-Silver Enrichment
Hercules Metals (TSXV: BIG) has identified a potential trend of elevated hypogene copper-silver enrichment through ongoing exploration at its Hercules Property in Western Idaho. The company this morning said that the potential trend is being tested in two directions, with two drill rigs currently focused on step-out drilling to the northeast and southwest of the […]
Snowline Gold Says Drilling Is Ongoing In Yukon
Despite speculation to the contrary, Snowline Gold (TSXV: SGD) this morning confirmed that exploration remains ongoing at its Rogue Project in the Yukon. This comes despite the First Nation of Na-Cho Nyak Dun, who’s territory the Rogue Project falls under, on July 3 stating that all mining related activity must pause as a result of […]
Toronto Condo Market Slowdown: Sales Fall, Listings Surge in Q2 2024
The Toronto condo market experienced a notable decline in the second quarter of 2024, with sales dropping nearly 20% compared to the same period last year. According to recent data from the Toronto Regional Real Estate Board (TRREB), only 5,474 condos changed hands in April, May, and June, down from 6,824 in Q2 2023. This […]
United States, The World’s Largest Oil Producer, Buys Oil to Refill Reserves
The Biden administration recently announced that it has resorted to purchasing 4.65 million barrels of crude oil for the United States’ Strategic Petroleum Reserve (SPR). This move highlights a startling irony: the world’s largest oil producer is now compelled to buy back oil to replenish its emergency stockpile. The Energy Department’s incremental efforts to restock […]