October brought new developments in the cannabis and hemp industries, with Georgia’s Hemp Farming Act coming into effect on October 1. In California, Governor Newsom signed a bill legalizing Amsterdam-esque cannabis cafes, which will allow dispensaries to serve food and drinks and host live entertainment. Meanwhile, Kentucky held its first…
On the eve of the U.S. election, President Trump received a round of last-minute endorsements from high-profile names, including Joe Rogan and Roberto Clemente Jr., son of the baseball legend. With less than 24 hours to go before the election, podcaster and comedian, Joe Rogan formally endorsed Trump for president,…
Referring to the World Gold Council’s latest report, he highlighted the return of western exchange-traded fund investors. With interest rates on the decline and geopolitical turmoil still strong, they’ve been more eager to buy. ‘Overall holdings of gold in investment portfolios has been stable, but actually adding to gold allocations…
A contraction continued in the cobalt market during the year’s third quarter, with metal values falling from US$27,151.50 per metric ton (MT) on July 1 to US$24,299 by the end of September. The 10 percent decline is part of a larger 16.56 percent year-to-date contraction. “This quarter saw minimal pricing…
Augustus Minerals Limited (ASX: AUG) has executed a binding share purchase agreement (“SPA”) with MCA Nominees Pty Ltd (“MCA”) to acquire 100% of the issued capital in Music Well Gold Mines Pty Ltd (“MWGM”), an entity which holds the exploration licences comprising the Music Well Gold Project (“Project”). The Project…
Anglo American (LSE:AAL,OTCQX:AAUKF) announced a deal to sell its 33.3 percent stake in a joint venture that owns the Jellinbah East and Lake Vermont coal mines in Queensland, Australia, for approximately US$ 1.1 billion. The stake will be acquired by Zashvin, an Australian electric power generation company that already holds…
Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to advise that the shareholders of Cosmo Gold Ltd (“Cosmo”) have voted in favour of Sarama’s acquisition of a majority interest(1) in the Cosmo Gold Project (the “Project”) in Western Australia. This shareholder approval was a key outstanding…
TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a collapsed deal with UK-based Hostmore. In a filing with the U.S. bankruptcy court for the Northern District of Texas, the company listed both…
Iron ore prices have displayed volatility in the past few years as the world has dealt with the economic uncertainty surrounding COVID-19 lockdowns, the Russia-Ukraine war and rising levels of inflation. Prices for the base metal reached a record high of over US$220 per metric ton (MT) in May 2021,…
Angry residents booed and threw eggs at Spain’s King Felipe and Queen Letizia as they visited the Valencia region, where more than 200 people have died in devastating floods. The king faced chants of “murderers” as he hard-hit visited Paiporta, just outside of Valencia city, along with Prime Minister Pedro…