Brunswick Exploration Hits 1.55% Li2O Over 93 Metres
Brunswick Exploration (TSXV: BRW) reported its best intercept to date at its Mirage project following the receipt of assays from a winter drill campaign. The intercept occurred at MR-6 dyke, which is found in the Central Zone. Brunswick released results from a total of eleven drill holes this morning. Highlights from the results include: MR-24-43: […]
Sigma Lithium Increases Proven And Probable Reserves To 77.0 Million Tonnes At 1.40% Li2O
Sigma Lithium (TSXV: SGML) this morning is reporting an increase to its proven and probable lithium reserves at its flagship Grota do Cirilo mine. The expansion is anticipated to expand its operations to 25 years, an improvement over the previously reported mine life of roughly 13 years. The lithium reserves have increased from 54.8 million […]
NexGen Energy Purchases Physical Uranium Worth US$250 Million In Deal With MMCap
NexGen Energy (TSX: NXE) has bolstered its balance sheet by acquiring a substantial amount of uranium in exchange for the issuance of convertible debt to a Canadian hedge fund. The transaction has seen the uranium developer acquire 2,702,410 pounds of U3O8 from MMCap International for a figure of US$250 million. The transaction works out to […]
Jack Dorsey Leaves Bluesky Board, Unfollows Almost Everyone on X
Jack Dorsey, co-founder of Twitter, has left the board of Bluesky, a decentralized social network he helped initiate. The announcement came as a surprise to many, with Bluesky only updating their website to reflect the change late Sunday evening. Dorsey indirectly confirmed his departure with a cryptic tweet, and called X, the platform formerly called […]
TD Bank: Jefferies Analyst Suggests Fines Could Exceed $2.0 Billion In Money Laundering Probe
TD Bank Group (TSX: TD), Canada’s second largest bank and the sixth largest in North America, finds itself embroiled in a significant legal battle as it confronts allegations of transnational money laundering, bribery, and involvement in fentanyl trafficking. The bank recently disclosed plans to allocate hundreds of millions of dollars to cover potential fines stemming […]
NioCorp Receives Preliminary Term Sheet On $800 Million Debt Financing For Niobium Project
NioCorp Developments (NASDAQ: NB) is a step closer to funding the development of its Elk Creek Critical Minerals Project in Nebraska. The company late yesterday revealed it is in the process of obtaining financing from the Export-Import Bank of the United States. To that end, the company has received a preliminary non-binding indicative financing term […]
Is the Capital Gains Tax Change Flooding the Housing Market with Listings?
There appears to be a rise in the number of listings in the Greater Toronto Area whose sellers are “looking to close before June 24, 2024,” the last day before the changes in the capital gains inclusion rate are implemented. Beginning June 25, the inclusion rate on capital gains from any sale will increase from […]
Canada Might Finally Do Something About Foreign Interference
Public Safety Minister Dominic LeBlanc has tabled Bill C-70, which contains legislation designed to curb foreign interference in the country’s political processes. The bill comes in response to growing concerns over foreign meddling in recent federal elections, as highlighted by an ongoing public inquiry led by Justice Marie-Josée Hogue. If passed, the bill would introduce […]
Bank of America Faces Strike Rumors After Death of A Junior Banker
The death of a young investment banker at Bank of America (NYSE: BAC) has sparked widespread outrage among junior bankers on social media. The deceased, a former US Green Beret and father of a young child, was reported to have worked multiple weeks exceeding 100 hours before succumbing to acute coronary artery thrombus. News of […]
Canadian Pension Fund Hit Hard by Plummeting Value of San Francisco Office Property
The Canada Pension Plan Investment Board (CPPIB) has suffered a significant loss following the sale of its stake in a San Francisco office complex. The pension fund sold its 45% share in the 1455 Market St. property to Hudson Pacific Properties (NYSE: HPP) for $43.5 million, a mere fraction of the $219 million it had […]