NYSE Parent ICE Invests Up To $2B In Polymarket
Intercontinental Exchange, parent firm of the New York Stock Exchange, will reportedly invest up to $2 billion in prediction market Polymarket. The deal puts the valuation at approximately $8 billion pre-investment and will make ICE become the platform’s global distributor of event-driven data. Beyond capital, ICE will pipe Polymarket sentiment indicators to institutional clients and […]
US Takes 10% Equity On Trilogy Metals For $35.6M, Sends Shares Over 230%
Another mining firm got picked up from the US shopping spree for equity as Trilogy Metals (TSX: TMQ) said the US federal government agreed to invest approximately $35.6 million and take about 10% of the company under a binding letter of intent signed with Trilogy, South32, and Ambler Metals. The news sent company shares over […]
Ivanhoe Sees Q3 Copper Production Fall To 71,266 Tonnes At Kamoa-Kakula
The third quarter saw copper production drop to 71,266 tonnes at Ivanhoe Mines’ (TSX: IVN) Kamoa-Kakula complex, which follows a failure event that occurred earlier this year. Production was down 36.4% on a quarter over quarter basis, down from 112,009 tonnes in the second quarter while recoveries dropped from 85.4% to 82.7%, and grade fell […]
Anfield Energy Receives State Approvals For Velvet-Wood Mine, Groundbreaking Expected Within 30 Days
Anfield Energy (TSXV: AEC) is ready to build a mine. The company this morning indicated that it has received final approvals from the Utah Department of Oil, Gas and Mining for the Velvet-Wood uranium project.
West Red Lake Gold Posts Q3 Production Of 7,055 Ounces
West Red Lake Gold Mines (TSXV: WRLG) is reporting this morning that the third quarter saw total gold production of 7,055 ounces of gold. The results come as the company continues to ramp the Madsen Mine to nameplate capacity. The production figure follows the mine producing 35,700 tonnes of ore at average grades of 5.4 […]
Equinox Gold Reports Q3 Production Of 236,470 Ounces Of Gold
Equinox Gold (TSX: EQX) this morning reported third quarter production results, indicating that a total of 236,470 ounces of gold were produced on a consolidated basis in Q3. The results are said to place the company on track to delivering on prior 2025 guidance of 785,000 to 915,000 ounces of gold. The quarter was significant […]
Quebec Wants LNG But Ottawa Says Not Yet
Federal Energy Minister Tim Hodgson said that a proposed Quebec LNG export facility near Baie-Comeau is not of “national interest” at this point, adding the Marinvest Energy Canada concept is “not yet at the scale” the federal government would consider. The file centers on Marinvest Energy Canada, the Canadian arm of a Norwegian firm that […]
Ontario Premier Vows to Pull Diageo Brands from Stores Over Plant Closure
Ontario Premier Doug Ford says the province will remove all Diageo-owned alcohol brands from government liquor stores when the spirits giant closes its Crown Royal bottling plant next year, affecting roughly 200 workers. “When the last person walks out through that door, we’re going to make sure LCBO takes off their brands,” Ford said Saturday […]
Carney’s Four-Year Net-Zero Banking Alliance Ends As Members Exit
The Net-Zero Banking Alliance ceased operations Friday after losing most of its members, ending a four-year initiative launched in April 2021 that initially gathered 63 financial institutions from 32 countries with about US$40 trillion in assets. The shutdown follows a cascade of withdrawals: first by the alliance’s largest American banks in late 2024 under intensifying […]
Briefing Note Promoted Quebec LNG Project, But Company Met Only Junior Staff
Internal government documents show federal bureaucrats promoted a Norwegian company’s proposal to build a major natural gas export facility in Quebec, even though the company secured meetings only with lower-ranking officials. A May briefing note from Natural Resources Canada characterized the Marinvest Energy Canada project as positioning the country to ship large quantities of natural […]