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NexGen Revised Economics Estimate $1.93B In Annual Free Cash Flow From Rook I Project

NexGen Energy (TSX: NXE) has updated the economics of its flagship Rook I project, found in the Athabasca Basin of Saskatchewan. The updated economics include updates to estimate initial and sustaining capital, as well as operating cost estimates. Under the revised estimates, pre-production capital costs for the Rook project are now estimated at C$2.2 billion, […]

First Majestic Silver Reports Topline Revenues Of $136.2 Million For Second Quarter

First Majestic Silver Corp (TSX: AG) (NYSE: AG) saw a dramatic improvement in topline revenues in the second quarter of 2024, as compared to Q1 2024. The company this morning posted revenues of $136.2 million for the quarter ended June 30, 2024, a 28% increase over the first quarter.

Nevada King Completes Spinout Of All Non-Core Claims In Nevada

Nevada King Gold (TSXV: NKG) has completed the spin out of its non-core assets in Nevada, establishing what is referred to as NV King Goldlands in the process. The spin out is part of what the company refers to as a strategic reorganization of the business, which resulted in Nevada King only retaining the Atlanta […]

Up to 30 Political Prisoners May Be Freed in Unprecedented Russia-West Exchange

Among those believed to be part of the exchange are Vladimir Kara-Murza, Ilya Yashin, and possibly American journalist Evan Gershkovich.

Cyber Warfare: Ex-CIA Officer Warns of New Global Conflict, With Bryan Cunningham of Plurilock Security

Bryan Cunningham of Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) shares his wealth of experience in the cybersecurity field, drawing from his time with the CIA and as an early advisor to Palantir.

Canadian Families Now Spend More on Taxes Than Basic Necessities, Study Finds

A new report from the Fraser Institute reveals that Canadian families are now spending a larger portion of their income on taxes than on basic necessities. The study shows that in 2023, the average Canadian household, with an income of $109,235, allocated 43% of their earnings to various forms of taxation, while only 35.6% went […]

Disneyland Union Workers Score Record-Breaking 31% Wage Hike After Strike Threat

Disney’s (NYSE: DIS) Disneyland workers have secured a 31% wage increase in a landmark achievement, marking the largest pay raise in the history of the Anaheim theme park. This significant development follows a credible strike threat. The new contract, ratified by Teamsters Local 495, impacts over 14,000 Disney employees and elevates the minimum hourly wage […]

Canada’s Job Market Continues to Mask Underlying Weakness with Public Sector Expansion

Recent employment data reveals a concerning trend in Canada’s job market, as public sector growth artificially inflates overall employment figures despite private sector struggles. The public sector saw positions surge by 182,700 over the last twelve months. This growth in taxpayer-funded jobs is outpacing both private sector and self-employment gains combined, raising questions about the […]

Bank of Montreal Downgraded by RBC Amid Rapid Credit Quality Decline

RBC Capital Markets downgraded the Bank of Montreal (TSX: BMO) from “Outperform” to “Sector Perform,” citing significant concerns over its deteriorating credit quality relative to its U.S. peers. This downgrade comes amid a series of disappointing financial results and increasing provisions for credit losses (PCLs), particularly in BMO’s U.S. operations. According to the report by […]

Legal Drama Forces DraftKings to Pull the Plug on NFT Business

DraftKings (NASDAQ: DKNG) has abruptly shut down its non-fungible token business, effective immediately “due to recent legal developments”. This decision marks the end of DraftKings’ foray into the digital collectibles market, which had aimed to merge sports culture with the burgeoning world of NFTs. “After careful consideration, DraftKings has decided to discontinue Reignmakers and our […]