We learn today that the gross domestic product increased 2.6% in the year's third quarter. Reports CNBC:The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing recession fears, the Bureau of Economic Analysis reported Thursday.GDP, a sum of all the goods and services produced from July through September, increased at a 2.6% annualized...Read More
ACG Acquisition (LSE: ACG), a new company founded by a mining executive who helped create aluminum giant Rusal, says it plans to buy a critical minerals producer valued at several hundred million dollars as soon as possible.The new asset will form the core of ACG, a special purpose acquisition company, or "spac", chief executive officer Artem Volynets said in an interview. "Our intention is to ac...Read More
The federal government immediately plans to significantly tighten the approval process for major transactions by foreign state-owned enterprises (SOEs) in Canada's critical minerals sectors.In a joint news release issued Friday, Fran??ois-Philippe Champagne, Minister of Innovation, Science and Industry, and Natural Resources Minister Jonathan Wilkinson said that under the updated guidelines for ho...Read More
Nicaragua authorities have granted critical environmental permits to Calibre Mining (TSX: CXB; OTC: CXBMF), greenlighting the open pit and underground mine developments at its Eastern Borosi gold project (EBP).Calibre is advancing the development of the high-grade EBP deposits, which are scheduled to be in production by next year, feeding into the company's Libertad processing facility."Approval o...Read More
Argonaut Gold (TSX: AR) has closed the sale of a 2% net smelter return royalty on its Magino project and surrounding land package in Ontario to Franco-Nevada (TSX: FNV) for US$52.5 million and a US$10 million equity private placement. Argonaut issued 34.69 million common shares to Franco-Nevada at a price of $0.3931 per share.In addition, the company has closed its previously announced US$250 mill...Read More
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK) has once again raised its construction cost estimate for the Quebrada Blanca phase 2 (QB2) copper project in Chile by at least US$500 million.Canada's largest diversified miner now expects QB2 to cost between US$7.4 billion and US$7.75 billion, up from a July 2022 guidance of US$6.9 billion to US$7 billion, and an earlier estimate of US$4.7 billion...Read More
At the recent Indigenous Led Projects Forum in Toronto in late September - the first event of its kind - co-host Michael Fox shared some of the big changes that he's seen in Canada's Indigenous communities over his lifetime.The 54-year-old said it wasn't until the 1980s that an Indigenous family member owned a car - - - a symbol of success. Later, the high water mark was the first Indigenous perso...Read More
Osisko Mining (TSX: OSK) continues to explore at its Windfall gold project in the Abitibi greenstone belt, Eeyou Istchee James Bay, Que., between the towns of Abitibi and Chibougamau.Recently it mined a 4,809-tonne bulk sample from the 600 level of the Lynx deposit. The sample averaged 65.5 grams gold per tonne. The actual grade of the material processed was 169% higher than the block model predi...Read More
Canadian uranium major Cameco (TSX: CCO; NYSE: CCJ) has narrowed its September-quarter loss, citing building momentum in long-term contracting by power utilities amid concern about global energy security and the rising acceptance of nuclear power to reduce carbon emissions.Cameco's CEO, Tim Gitzel, told a post-earnings release analyst call it had advanced contracting discussions for about 27 milli...Read More
Core Lithium (ASX: CXO) shares fell on Thursday after the miner and Tesla couldn't secure a supply deal for battery-metal ore, but the power may reside with the producer over the automaker. The companies were trying to hammer out a four-year contract for Core to deliver about 100,000 tonnes of spodumene concentrate from its Finniss mine near Darwin on Australia's north coast. The negotiation dead...Read More
Commerce Resources (TSXV: CCE ; US-OTC: CMRZF) has produced its largest rare earth oxides sample yet from its Ashram project in northern Quebec as it develops what it calls the biggest deposit in North America for building electric vehicle magnets.Ashram, located about 1,300 km north of Montreal, produced 1.2 kg of mixed rare earth carbonate concentrate graded at about 52% total rare earth oxides...Read More
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has been granted three new highly prospective exploration rights covering a total surface area of 80 sq. km adjacent to the company's Platreef project in Limpopo province, South Africa.The new exploration rights form a continuous block situated on the southwest border of Ivanhoe's existing Platreef mining rights at Turfspruit and Macalacaskop, which together...Read More
Osino Resources (TSXV: OSI; US-OTC: OSIIF) has outlined the first resource estimate for its Ondundu gold project in Namibia, about 130 km from its flagship Twin Hills project and 270 km northwest of the city of Windhoek.The 10,387 hectare and 100%-owned project, which it acquired from B2Gold (TSX: BTO; NYSE-AM: BTG) in July 2021, is situated in the northern zone of the Damara Orogen, about 15 km n...Read More
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), Canada's largest diversified miner, is exiting the oilsands business with the sale of its 21.3% stake in the Fort Hills project to Suncor Energy (TSX: SU; NYSE: SU) for $1 billion (about US$737.2 million).The all-cash deal, effective Nov. 1, will boost Suncor's aggregate share in the oilsands operation to more than 75%. French energy major TotalE...Read More
A model developed by Brazilian researchers shows that opening up protected areas in the Amazon to mining projects would lead to massive losses of forest coverage.In a paper published in the journal Nature Sustainability, the scientists explain that approximately 183 square kilometres of forest would be lost to new mines while an additional 7,626 square kilometres of forest would be lost as a conse...Read More
Talk Digital Network, Released on 10/29/22Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership...Read More
Liberty and Finance, Released on 10/28/22"There's a storm brewing here," market trader Gareth Soloway says. He is expecting an economic downturn along with inflation. The Fed cannot come to the rescue if inflation is high. Without promise of money printing, the stock market will continue lower, he forecasts. "You're going to see a prolonged bear market," he says, "I don't think we're going to make...Read More
Talk Digital Network, Released on 10/29/22Rick Ackerman is the editor and publisher of Rick's Picks, an online service for traders from novice to expert. He has been trading himself for more than 40 years, a dozen of them as an options market-maker on the floor of Pacific Stock Exchange. CNBC and Bloomberg have featured his work, and he has written on the markets and the economy for numerous publi...Read More
Wall Street Silver - Twitter, Released on 10/28/22Canada to launch digital ID together with WEF... the initiative removes the need for physical passports and can also be used as a combined vaccine passport... and will fit well with the CBDC and social credit score...All for your safety and well-being of course.#WEF #KlausSchwab pic.twitter.com/HTesMKYdEZ- Wall Street Silver (@WallStreetSilv) Octob...Read More
Glenn Greenwald's Substack, Released on 10/28/22The rapid escalation of online censorship, and increasingly offline censorship, cannot be overstated. The silencing Continue... Glenn Greenwald: Meet The Consortium Imposing The Growing Censorship Regime added by Herman James on 10/29/2022View all posts by Herman James ?+'Read More