Copper Supply Disruptions Mount as Congo Halts Mine Operation Due to Radiation
Operations have been suspended at the La Compagnie Minière de Musonoie (COMMUS) copper and cobalt mine in the Democratic Republic of Congo due to concerns over excessive radiation levels in the cobalt produced there. The mine, owned by Zijin Mining Group Ltd. and Gecamines, halted production earlier this week as government officials oversee testing of […]
Trump Media CEO Devin Nunes, Citadel Securities Trade Barbs Over Short-Selling Claims
Tensions escalated between Citadel Securities and Trump Media & Technology Group (Nasdaq: DJT) on Friday after the latter’s CEO, Devin Nunes, accused major market participants of potential illegal short-selling of Trump Media’s shares. In a scathing response, a Citadel Securities spokesperson did not mince words, calling Nunes “the proverbial loser who tries to blame ‘naked […]
Energy Fuels Shares Decline Following A$375-Million Deal To Acquire Base Resources
Energy Fuels (TSX: EFR) has struck a significant deal, solidifying its position as a leading producer of uranium, Rare Earth Elements (REEs), and vanadium. The company last night announced the execution of a definitive scheme implementation deed with ASX-listed Base Resources Limited, outlining the acquisition of 100% of Base Resources’ issued shares. The transaction, valued […]
SEC Seeks $4.2 Billion Disgorgement, Penalties Against Terra, Do Kwon
In the ongoing legal battle between the Securities and Exchange Commission (SEC) and Terraform Labs and its co-founder Do Kwon, the SEC is pushing for substantial penalties. Following a jury’s verdict against the defendants on all counts on April 5, 2024, the SEC has requested the court to order significant financial penalties and injunctions against […]
Bitcoin Halving: Breaking Down Profitability For Bitcoin Miners
The highly anticipated bitcoin halving event occurred last Friday, marking a significant milestone in the realm of digital currencies. Amidst minimal fanfare, the block reward for bitcoin miners was slashed in half, dropping from 6.25 BTC per mined block to 3.125 BTC per block. The halving, occurring precisely at 8:09 p.m. ET, primarily impacts bitcoin […]
Multiple Rockets Fired at US Military Base in Syria from Iraq
Iraqi security sources and a US official said that at least five rockets were launched from the Iraqi town of Zummar toward a US military base in northeastern Syria on Sunday, according to Reuters. The rocket attack comes just a day after Iraqi Prime Minister Mohammed Shia al-Sudani returned from a visit to the United […]
House Passes Tough New Sanctions Targeting Iran’s Oil Exports
The US House of Representatives has approved tough new sanctions targeting Iran’s oil exports and finances in a bipartisan vote. The legislation aims to crack down on countries and companies that violate existing US sanctions by purchasing Iranian crude oil or engaging in prohibited transactions with Iranian banks. The measures would expand sanctions to include […]
NYSE Is Considering Proposal For 24/7 Trading
According to the Financial Times, the New York Stock Exchange is polling market participants on the possibility of trading stocks around the clock. Regulators meanwhile are said to be in the process of reviewing an application for the first 24/7 exchange. The survey highlights growing interest in extended trading hours, particularly among retail investors, who […]
New Found Gold To Pay $20 Million For Labrador Gold’s Kingsway Property
New Found Gold (TSXV: NFG) has its eyes on more prospective ground in Newfoundland. The company this morning revealed that it has entered into an agreement with Labrador Gold (TSXV: LAB) to acquire the Kingsway project, which is adjacent to the company’s flagship Queensway property. The transaction will see New Found Gold acquire a 100% […]
Reunion Gold To Be Acquired By G Mining Ventures In Bid To Establish Intermediate Gold Producer
G Mining Ventures (TSX: GMIN) is taking a run at establishing an intermediate gold producer in the Americas, announcing this morning that it has entered into a definitive agreement to acquire Reunion Gold Corp (TSXV: RGD). The transaction is centered on the acquisition of the Oko West Project in Guyana, the flagship asset of Reunion. […]