US Government Invests $20 Million in Canadian Cobalt Refinery
The US Department of Defense has awarded $20 million to Canada’s Electra Battery Materials Corp. (Nasdaq: ELBM; TSX-V: ELBM). The funding, provided under Title III of the Defense Production Act, will support the construction of North America’s only cobalt sulfate refinery in Temiskaming Shores, Ontario. The $250 million facility, located about 500 kilometers north of […]
Assembly of Manitoba Chiefs Calls for Reversal of Charles Adler’s Senate Appointment
The recent appointment of Charles Adler to the Canadian Senate has ignited a firestorm of controversy in Manitoba, with Indigenous leaders and a Liberal cabinet minister expressing strong opposition to the decision. The Assembly of Manitoba Chiefs (AMC) has called on Governor General Mary Simon and Prime Minister Justin Trudeau to rescind Adler’s appointment, citing […]
Mike Lynch’s Autonomy Co-Defendant Dies After Being Hit By Car
Stephen Chamberlain, former co-defendant of British tech entrepreneur Mike Lynch in a high-profile US fraud trial, has died after being struck by a car while jogging in Cambridgeshire, UK. The incident occurred just days before Lynch himself was reported missing after a luxury yacht sank off the coast of Sicily. Chamberlain, who served as vice-president […]
Kroger Sues FTC on Accusation of Unconstitutional Power Grab Over Albertsons Merger
Grocery chain Kroger Co. (NYSE: KR) has filed a lawsuit against the Federal Trade Commission (FTC) and its Chair, Lina Khan, challenging the constitutionality of the agency’s ongoing administrative proceedings to block Kroger’s proposed $24.6 billion merger with Albertsons Companies, Inc. This legal battle, unfolding in the Southern District of Ohio, underscores a significant confrontation […]
Sponsored · Selkirk Copper Mines
Mexico Moves to Ban Open-Pit Mining and Fracking in Sweeping Environmental Reforms
In a significant move aimed at reshaping Mexico’s environmental and agricultural policies, a key committee in Mexico’s lower house of Congress has approved two constitutional reforms that, if passed, could dramatically alter the landscape of the country’s mining and agricultural sectors. The proposed reforms, which are part of a broader package of constitutional changes, are […]
Mike Lynch: The Rise, Fall, and Tragic Disappearance of a British Tech Titan
Mike Lynch, a name synonymous with the UK’s tech revolution, is among six individuals missing after his luxury yacht, Bayesian, sank off the coast of Sicily early Monday morning. The incident has thrust Lynch, already a figure of intense public scrutiny due to his recent legal battles, back into the spotlight under tragic circumstances. The 56-meter-long […]
i3 Energy To Be Acquired By Gran Tierra Energy For $309.1 Million
Merger and acquisition activity continues apace within the oil and gas industry, with i3 Energy (TSX: ITE) disclosing late yesterday that it has continued discussions with Gran Tierra Energy (TSX: GTE) for a transaction. The latest proposal between the two parties will see Gran Tierra acquire i3 in a transaction involving both cash and stock, […]
Sterling Metals Identifies Multiple High Grade Copper Exploration Zones At Copper Road Project
Sterling Metals (TSXV: SAG) has seen its phase one exploration campaign get underway at its recently acquired Copper Road Project in Ontario. The program, although not yet complete, has reportedly resulted in multiple high priority, multi-kilometre copper exploration zones being identified.
Sponsored · Selkirk Copper Mines
Uranium Energy Corp Hits 6.96% eU3O8 Over 13.5 Metres At Roughrider
Uranium Energy Corp (NYSE: UEC) has hit high grade uranium under a drill program conducted at its Roughrider project in Northern Saskatchewan. The intersect was reportedly found outside of the current resource area at the project. Highlights from the drill results include: Mineralization in the highlight hole, RR-940, is said to have been intersected on […]
Consumer Prices In Canada Rise 2.5% In July, Slowest Pace Since March 2021
Canada’s Consumer Price Index (CPI) increased by 2.5% year-over-year in July, marking the slowest inflation rate since March 2021, according to data released by Statistics Canada. This figure represents a decrease from the 2.7% annual gain recorded in June 2024. The deceleration in headline inflation was broad-based, with notable contributions from lower prices in travel […]