Copper Retreats from May High as China’s Economic Boost Falls Short
Base metals markets are experiencing a significant downturn, with copper leading the decline amid concerns over demand in China, the world’s largest consumer of commodities. The LMEX Index, which tracks six base metals, saw a 5.6% drop in London last week, marking the most severe weekly slump in nearly two years. Despite China’s recent efforts […]
Victoria Gold Mine Collapse Causes Pause In Mining And Exploration In Entire Region
The collapse of Victoria Gold’s (TSX: VGCX) heap leach pad at its Eagle Mine in the Yukon is having spillover effects on the rest of the industry within the region. Cantex Mine Development (TSXV: CD) this morning indicated that it was forced to halt exploration activity at its North Rackla project, which is located 120 […]
Lithium Chile Outlines Pre-Tax US$3.8 Billion NPV(8%) For Arizaro Project In Pre-Feasibility Study
Lithium Chile (TSXV: LITH) has completed a pre-feasibility study on its flagship Arizaro Project in Argentina, which outlines a pre-tax net present value (8% discount) of US$3.85 billion.
Spot ETH ETFs To Begin Trading On Tuesday
The first US exchange-traded funds (ETFs) linked to ether, the second-largest cryptocurrency after bitcoin, are set to begin trading on Tuesday. This marks another milestone in the crypto sector’s push towards mainstream adoption. Several major financial institutions, including VanEck, Franklin Templeton, Fidelity, 21Shares, Invesco, BlackRock, Bitwise, and Grayscale Investments, are launching ether ETFs across various […]
Michigan Allots Another $150 Million to Restart Palisades Nuclear Plant
Michigan has allocated another $150 million to the Palisades Nuclear Power Plant, bringing the state’s total investment to $300 million. This funding is part of a larger effort to revive the 800-megawatt facility on Lake Michigan, which closed over two years ago. The state’s financial commitment is designed to unlock a $1.52 billion federal loan […]
The Lettuce Wins Again, Outlasts Biden Campaign
President Joe Biden’s re-election campaign has come to an abrupt, but not unexpected end, falling short in a peculiar challenge against an unlikely opponent: a head of lettuce. The unusual betting pool, inspired by a similar situation during Liz Truss’s brief tenure as UK Prime Minister, highlighted the mounting pressure on the sitting president’s re-election […]
RBC Report Says Immigration Surge Is Disguising Recession
If it feels like a recession but the numbers say it’s not, it’s likely because the numbers are blown out of proportion by the recent surge in immigration, according to a recent analysis by the Royal Bank of Canada (TSE: RY). Despite avoiding a technical recession, the country is experiencing a decline in per capita […]
Max Keiser Wants to ‘Settle the Score’ with Donald Trump After Comments Against El Salvador’s Nayib Bukele
Former President Donald Trump’s recent comments at the Republican National Convention have caused a stir within the Bitcoin community, potentially jeopardizing his growing support among cryptocurrency enthusiasts. During his closing speech, Trump made controversial remarks about El Salvador, suggesting that the country’s significant reduction in murder rates was due to criminals being sent to the […]
400% Stock Surge: What’s Next for Plurilock Security? | Ali Hakimzadeh
Plurilock Security Inc. (TSXV: PLUR) has been gaining significant traction in the Canadian junior markets, with its stock price surging over 400% in recent months.
Delta 9 Seeks Bankruptcy Protection as Debt Soars Over $133 Million
Delta 9 Cannabis (TSX: DN) has entered creditor protection under the Companies’ Creditors Arrangement Act (CCAA) after acknowledging being in default on certain obligations, particularly following the demand letter received from SNDL (NASDAQ: SNDL), a major creditor, demanding repayment of $27.9 million in credit facilities and a $10 million convertible debenture. In response to the […]