Heliostar Discovers New High-Grade Gold Zone at Ana Paula
Heliostar has drilled 1,995 metres of its planned first-phase 2,600 metres, with a second program set to follow early next year. Success here will factor into an updated feasibility study due by the end of 2025. The company has C$9.5 million in cash, boosted by recent financings to support its drilling and development plans. It […]
Biden to implement restrictions on U.S. citizens assisting China’s AI industry in talent acquisition
Biden to stop U.S. citizens from helping China’s AI sector find talent The U.S. Treasury Department, seeking to keep the Chinese military from gaining an edge in advanced technologies, issued a rule Monday to restrict and monitor American investments in China in artificial intelligence, computer chips and quantum computing. The finalized rule arises from an executive order […]
Resource Jobs Reach All-Time High Amid Battery Metal Downturn as Gold Rises to Take Lithium’s Lead
Resources jobs at record high despite battery metals carnage and gold reclaims lithium’s crown The Western Australian mining sector has showcased robust job growth, even as it grapples with a significant $16 billion decrease in overall mineral and petroleum sales for the fiscal year. The latest data reveals that the state’s commodity earnings for 2023-24 […]
Bank of Canada’s Significant Rate Reduction: Positive Developments for…
The Bank of Canada may be ramping up the pace of interest rate cuts amid concerns about the strength of the economy, but for investors, falling interest rates looks positive for Canadian stocks. The picture is muddier for bonds. While stocks are seen as benefiting from lower rates and the Bank of Canada’s commitment to […]
Earnings and Economic Reports: Key Drivers for the Stock Market This Week
14 earnings, economic data will be the stock market movers this week It was a wild week, with the bond market in the driver’s seat. Rising yields early on gave way to some moderation, and the Nasdaq hit an all-time high on Friday. The Nasdaq did not finish above its July record-high close of 18,647 […]
Nigerian Oil Company Land $1 Million Deal in Grenada
Nigerian oil firm secures million dollar deal in Grenada Grenada is set to become a major energy hub as Nigerian oil and gas company, Oceangate Oil and Gas Engineering, has secured a historic multi-billion dollar deal with Global Petroleum Group, to launch one of the Caribbean’s largest oil and gas ventures. A statement by the […]
Biden Administration Greenlights Ioneer’s Lithium Mine in Nevada
Biden administration approves ioneer’s Nevada lithium mine The recent approval of the Rhyolite Ridge lithium mine marks a significant development in the United States’ pursuit of critical minerals, particularly lithium, which is essential for electric vehicles and renewable energy storage. This project, located in Nevada, has undergone over six years of scrutiny amid debates between […]
3 Lithium Stocks to Consider Purchasing on the Dip: June 2024
While lithium prices may be down, these three lithium stocks could make a decade-defining comeback Source: GrAl / Shutterstock.com With demand for electric vehicles (EVs) decreasing, the original expectation and excitement around the lithium industry have somewhat lessened. Yet, that does not mean that the extraction of elemental lithium is an unworthy economic pursuit. Rather, […]
Weekly Market Outlook: Earnings from the ‘Magnificent 7’, Bank of Japan Meeting, and US Employment Data
Markets Weekly Outlook – ‘Magnificent 7’ Earnings, BoJ Meeting and US Jobs Data Read More: GBP/USD Technical: Bounce off Key Confluence Level Post PMI, Further Gains in Store? Week in Review: Markets Appear to be in Holding Pattern as Uncertainties Pile Up A mixed week comes to a close as markets appear to be balancing […]
Mali Issues Warning of Permit Lapse for Barrick Mine Amid Dispute
The move comes as the junta has taken an increasingly hard line against the world’s second biggest gold miner, including briefly jailing four of its local executives last month over alleged “financial crimes.” Mali this week accused Barrick of failing to honor a September agreement aimed at resolving their disputes, which the Canadian company has […]