Ontario Increases Critical Minerals Innovation Fund in New Budget
Ontario’s latest budget includes a significant boost to the critical minerals innovation fund, with an additional $15 million allocated to drive advancements in technology across the mining sector. The critical minerals innovation fund is aimed at fostering technological progress from mining and processing to manufacturing, particularly in support of the transition to cleaner energy sources. […]
NIH Issues Notice of Default to BioNTech Over Alleged Royalty Payments
The National Institutes of Health (NIH) has taken legal action against BioNTech (NASDAQ: BNTX) for alleged failure to fulfill royalty payment obligations related to the sales of its Pfizer (NYSE: PFE)-partnered COVID-19 vaccine, Comirnaty. This move comes as outlined in BioNTech’s recent filing with the Securities and Exchange Commission. According to the SEC filing, BioNTech […]
General Motors CEO Mary Barra Remains Focused On EVs
Despite the electric vehicle sector facing headwinds this year, and with other automakers deciding to scale back electric vehicle plans amid slowing consumer demand, General Motors (NYSE: GM) CEO Mary Barra remains firmly committed to an all-electric future. “We will be selling more EVs in this country than anyone else, including Tesla,” Barra stated in […]
Oregon Passes Right-to-Repair Law
Oregon has taken a major step forward in the right-to-repair movement by enacting one of the strongest laws in the nation that aims to empower consumers and independent repair shops. Governor Tina Kotek recently signed SB 1596, which will go into effect next year. The new law requires manufacturers of electronics to provide access to […]
A Russian Network Paid EU Politicians To Spread Anti-Ukraine Propaganda
Authorities across multiple European countries have dismantled a Russian-backed disinformation network that allegedly paid politicians to spread anti-Ukraine narratives and propaganda. The widespread operation, believed to be financed by pro-Russian Ukrainian oligarch Viktor Medvedchuk, reportedly used the Voice of Europe website as a vehicle to distribute cash payments to unnamed politicians. According to the Czech […]
Virginia Governor Vetoes Recreational Marijuana Market Bill
Virginia’s Republican Governor Glenn Youngkin has vetoed legislation that would have created a state-regulated market for the sale of recreational marijuana. The proposed law, which passed the state legislature last month, aimed to establish a legal marketplace for adult-use cannabis sales starting in May 2025. In his veto statement, Youngkin argued that legalizing a commercial […]
Pride Group Holdings Files for Creditor Protection Following $100-Million Claim
Pride Group Holdings has initiated proceedings under the Companies’ Creditors Arrangement Act (CCAA). This decision follows a claim filed by Mitsubishi HC Capital America, seeking damages of approximately US$100 million. The claim, lodged against Pride Group’s founders Sulakhan ‘Sam’ Johal and Jasvir Johal, alleges default on credit lines taken out to bolster inventories for Pride […]
US Home Sales Drop, Builders Slash Prices, Ramp Up Incentives
US homebuilders are aggressively slashing prices and offering incentives, leading to a sharp decline in new home prices across the country. According to the latest data from the Commerce Department, the median price for a new home in the U.S. fell to $400,500 in February, marking a 7.6% year-over-year drop and the lowest level since […]
Nilam Resources Belatedly Appoints Interim CEO Following Ex-Chief’s Resignation
Nilam Resources (OTC PINK: NILA) has belatedly appointed Pranjali More as its Interim Chief Executive Officer after the former CEO Ron McIntyre resigned, calling the recent bitcoin strategy of the firm a “classic pump and dump” scenario. More was only appointed as the firm’s chief operating officer in November 2023, back when McIntyre was still […]
Freeland Announces Flow-Through Tax Credit One-Year Extension to Boost Mineral Exploration
Deputy Prime Minister Chrystia Freeland has announced the extension of the 15-percent mineral exploration tax credit for investors in flow-through shares for an additional year, which is now valid until March 31, 2025. Initially set to expire this month, the tax credit has provided “important support” to junior mineral exploration companies across Canada. This extension […]