Biden Administration to Fund $1.5 Billion for Revival of Michigan’s Palisades Nuclear Plant
The Biden administration is set to offer a $1.5 billion loan to Holtec International Corp, Bloomberg reports. This funding, pending conditional approval from the US Energy Department, aims to rejuvenate the Palisades nuclear plant in Michigan, marking the first revival of a closed US nuclear reactor. This step aligns with the administration’s broader strategy to […]
Israel Targets Canadian Cannabis in New ‘Anti-Dumping’ Probe
Canada is facing scrutiny over its medical cannabis exports to Israel. The Israeli Trade Levies Unit has initiated an anti-dumping investigation into Canadian imports, following claims that these imports are harming Israel’s local cannabis industry. Israel, a major importer of Canadian cannabis, obtained approximately 21,000 kilograms of the product in the 2023 fiscal year for […]
PayPal Cuts 9% of Its Workforce, To Deploy Automation
PayPal (Nasdaq: PYPL) is cutting 9% of its workforce, the company confirmed on Tuesday after reports of it circulated online. According to CEO Alex Chriss’s letter to the staff that was shared on Tuesday, the cuts will be done “through both direct reductions and the elimination of open roles over the course of the year.” […]
The Messenger Struggles to Secure Funding, Could Close by End of Week —Report
Struggling digital news startup The Messenger may not survive until the end of the week, according to a report from The New York Post which cited a well-placed source familiar with the matter. According to the report, employees expect to find out in the next 48 hours if founder and CEO Jimmy Finkelstein will be […]
Soon, Loblaws May Be The Only Option To Get Some Covered Prescription Drugs
A recent announcement by Manulife Financial’s (TSX: MFC) has sparked concerns among pharmacare policy experts as the firm plans some changes to its coverage of certain prescription drugs, limiting access to medications through a preferred pharmacy network arrangement with Loblaw Cos. Ltd (TSX: L). While the company contends that the transition, effective from January 22, […]
First Phosphate Reveals 25,000 Metre Drill Program For Begin-Lamarche
A major drill campaign is now underway at First Phosphate’s (CSE: PHOS) Begin-Lamarche project in the Saguenay-Lac-St-Jean region of Quebec.
What Happens Now To Twitter Purchase After Judge Rules Elon Musk’s $55-Billion Tesla Pay Void?
In a recent derivative lawsuit against Tesla, Inc. (NASDAQ: TSLA), a stockholder plaintiff has successfully argued that Elon Musk, the world’s richest person, was overpaid through an exorbitant performance-based equity-compensation plan. The post-trial decision holds that Tesla’s directors breached their fiduciary duties in approving Musk’s compensation, raising questions about the fairness and transparency of the […]
Global Helium Hits 1.1% Helium At Manyberries, Completes Earn-In Arrangement
Global Helium (CSE: HECO) is reporting this morning that it has cut its landholdings in Saskatchewan down by two thirds following a review of its acreage portfolio. The cuts have seen the company reduce its landholdings in the province from 1.8 million acres to just 660,000 acres. The cuts follow a review of seismic and […]
Patriot Battery Metals Moves Listing From Venture To TSX Big Board
Patriot Battery Metals (TSXV: PMET) is set to move to the big leagues, announcing this morning that it will be leaving the TSX Venture in favor of the larger Toronto Stock Exchange. The move, which is set to occur February 1, 2024, was conducted by the company as a means of accessing further institutional capital […]
Sigma Lithium Improves Resource Estimate By 27%
Sigma Lithium (TSXV: SGML) is reporting what it calls a “significant” increase to the mineral resource estimate for its Grota do Cirilo operation in Brazil. The increase amounts to 27%, with the firms measured and indicated resources growing to 94.3 million tonnes at a grade of 1.40% Li2O, and inferred resources coming in at 14.6 […]