GameStop’s Q3 2024 Profit Masks a Deeper Crisis as Sales Plunge 20%
GameStop Corp. (NYSE: GME) has released its financial results for the third quarter of fiscal 2024, showing a net income of $17.4 million, marking a significant turnaround from a net loss of $3.1 million in the same period last year. However, net sales for the quarter were $860.3 million, representing a 20.2% decline from the […]
Endeavour Outlines $1.5 Billion After Tax NPV For Assafou Project In PFS
Endeavour Mining (TSX: EDV) has released a pre feasibility study for its Assafou-Dibibango Project in Cote D’Ivoire, which outlines the potential for the project to become a tier 1 asset for the company. The study outlines a net present value (5% discount) of $1,526 million on an after-tax basis for the open pit project along […]
Lahontan Gold Releases PEA Outlining US$200 Million Net Present Value For Sante Fe Project At Spot Prices
Lahontan Gold (TSXV: LG) has released a preliminary economic assessment for its Sante Fe gold-silver project in Nevada, the company’s flagship asset. The PEA outlines an after-tax net present value of US$200.0 million based on $2,705 gold and $32.60 silver using a 5% discount. The preliminary economic assessment is based on a life of mine […]
Plurilock Signs $1.1 Million Contract With Fortune 50 Conglomerate
FULL DISCLOSURE: This is sponsored content for Plurilock. Plurilock Security (TSX: PLUR) has secured yet another major order in the United States. The latest comes from a Fortune 50 U.S. conglomerate, who has signed a three year agreement for network management solutions. The latest agreement, at $1.1 million in size, comes from Plurilock’s Aurora Systems Consulting […]
Sponsored · Selkirk Copper Mines
Freeland’s and Trudeau’s Offices Clash Over GST Holiday Plan
Internal discord has emerged at the highest levels of Canada’s government, with Finance Minister Chrystia Freeland and Prime Minister Justin Trudeau’s office at odds over major spending decisions, according to government insiders and senior Liberal Party officials interviewed by The Globe and Mail. At the heart of the disagreement lies a $6.28 billion holiday on […]
O’Leary Plans $70 Billion AI Data Center in Alberta
Canadian investor Kevin O’Leary has announced plans to build what he calls the world’s largest artificial intelligence data center in northwest Alberta, with a projected investment of $70 billion over multiple phases. The Wonder Valley project, to be constructed in the Municipal District of Greenview’s heavy eco-industrial district south and east of Grande Prairie, will […]
Quebec Court Orders Indigenous Consultation for Mining Claims
A landmark Quebec Superior Court decision is challenging Canada’s established mining claim registration system, requiring prior Indigenous consultation based on potential impacts to cultural practices and non-renewable resources. The October ruling in Mitchikanibikok Inik First Nation vs. Procureur general du Quebec determined that accepting map designation notices for mining claims requires prior consultation with First […]
Google Says New Quantum Chip Slashes Computing Time from Eons to Minutes
Google (Nasdaq: GOOGL) has unveiled Willow, a quantum processor that slashes computing time for certain tasks from billions of lifetimes to mere minutes, marking what experts call a turning point in the field’s decades-long quest for practical quantum computing. The 105-qubit chip tackles quantum computing’s greatest hurdle – the tendency for calculations to become increasingly […]
Sponsored · Selkirk Copper Mines
Meta Joins Tech Giants in Nuclear Power Race
Meta (Nasdaq: META) announced on Tuesday its plans to explore nuclear power options, joining other tech giants in the pursuit of sustainable energy solutions for growing data center demands. The company is soliciting proposals from nuclear power developers to add between 1 and 4 gigawatts of new nuclear generation capacity in the United States, with […]
New Bank of England Policy Shields Identities of Bailed Out Financial Giants
The Bank of England will conceal the identities of any pension funds, insurers, or hedge funds that access its new financial stability tool. This measure, announced by Deputy Governor Dave Ramsden, is designed to prevent a wider economic crisis by avoiding the stigma that could deter institutions from seeking needed support. The tool, named the […]