Trulieve Repurchases $57.0 Million In Face Value Notes Despite Cash Constraints
Trulieve Cannabis (CSE: TRUL) revealed in a filing last night that it is using the lack of interest in the cannabis sector to its advantage by repurchasing a number of senior secured notes which are publicly traded. The company collectively repurchased $57.0 million worth of face value notes for a figure of $47.6 million, a […]
Giga Metals Reports US$574 Million NPV(7%) On Turnagain Project Under Pre-Feasibility Study
Giga Metals (TSXV: GIGA) has released a pre-feasibility study for its Turnagain Nickel-Cobalt project in British Columbia. The study outlines a post-tax NPV (7%) of US$574 million for the project, along with an estimated internal rate of return of 11.4%. The study outlines a 30 year project life with average annual production of 37,288 tonnes […]
FPX Nickel Enters MOU With Toyota Joint Venture For Use Of Nickel In Battery Supply Chain
FPX Nickel (TSXV: FPX) is potentially entering the battery supply chain, following a non-binding memorandum of understanding it has signed with Japan Organization for Metals and Energy Security (JOGMEC), as well as Prime Planet Energy & Solutions. Prime Planet is a joint venture between Toyota Motor Company and Panasonic, with Toyota owning a 51% stake […]
UAW, Automakers Still Far Apart On Contract Negotiations As Targeted Strikes Set To Expand
A week after the U.S. United Auto Workers (UAW) union initiated targeted strikes against one assembly plant owned by each of the Big Three auto makers – General Motors Company (NYSE: GM), Stellantis N.V. (NYSE: STLA), and Ford Motor Company (NYSE: F) – little tangible progress has been made. About 12,700 of the UAW’s 146,000 U.S. members are on […]
A Stolen Tank Was Found In A Scrapyard In Israel
A stolen tank, previously reported missing from a military base in northern Israel, has been located at a scrapyard approximately 20 kilometers south of Haifa, as confirmed by Israeli police and the Ministry of Defence. The tank, identified as a decommissioned Merkava Mk II chassis with no functioning weaponry or systems, was taken from an […]
Premier Doug Ford Reverses Decision to Develop Greenbelt as Two Ministers Resign in Wake of Controversy
Ontario Premier Doug Ford has reversed his decision to develop parts of the Greenbelt, a protected environmental zone surrounding the Greater Toronto Area, following intense scrutiny and the subsequent resignation of two cabinet ministers. Despite initially defending his position, Ford apologized for breaking his commitment not to encroach upon the Greenbelt. The Premier’s statement in […]
Michael Bloomberg Wants to Close All Coal and Half of Natural Gas by 2030
Former New York City Mayor Michael Bloomberg has unveiled plans to inject $500 million into the next phase of his Beyond Carbon campaign. The initiative is focused on an ambitious goal: shutting down all remaining coal plants in the United States and reducing gas-fired capacity by half by the year 2030. This significant financial commitment […]
Fake Tweet About the Strategic Petroleum Reserve Drives Oil Markets
Parody Twitter strikes again! The platform formerly known as Twitter was abuzz on Tuesday after word that President Joe Biden said that “depleting” the Strategic Petroleum Reserve was “on the table.” The headline, attributed to WSJ or the Wall Street Journal made its rounds on the platform, getting shared by the likes of Benzinga. It […]
Immigration Minister Marc Miller Misses the Date of Hardeep Singh Nijjar’s Canadian Citizenship by 8 Years
Canada’s Immigration Minister, Marc Miller, admitted to an eight-year date discrepancy regarding the Canadian citizenship of Hardeep Singh Nijjar, the slain Sikh leader whom India has designated as a terrorist for supporting the Khalistan movement. Initially stating that Nijjar acquired citizenship in March 2015, Miller later corrected himself, saying that Nijjar became a Canadian citizen […]
Automakers Slam PM Sunak’s Move to Delay UK Ban on New Petrol Cars by 5 More Years
UK Prime Minister Rishi Sunak announced on Wednesday a revision to Britain’s climate change plans, opting to delay the ban on new petrol car sales to 2035 instead of the previously scheduled 2030 target. Sunak justified this change by emphasizing the need to maintain public support for the country’s transition to net zero emissions by […]