St. George Mining (ASX:SGQ) revealed plans to acquire the Araxa niobium-rare earths project in Brazil by entering into a binding conditional agreement to purchase a subsidiary of Itafos (TSXV:IFOS,OTC Pink:MBCF). Under the agreement, which was announced on Tuesday (August 6), St. George will pay Itafos US$10 million in cash once…
IAMGOLD (TSX:IMG,NYSE:IAG) announced that the Côté gold mine, which it operates as a joint venture with Sumitomo Metal Mining (TSE:5713), has achieved commercial production. The mine, located in Northern Ontario, Canada, is expected to have a life of around 18 years, with average annual gold production of 365,000 ounces during…
The global transition to a green economy has been a boon for the cleantech market — it’s helping investment in renewable energy and clean technology continue to grow, allowing the sector to keep building momentum. Analysts see a few key trends dominating the cleantech sector worldwide, including solar and wind…
Rare earth elements (REEs) are crucial for technologies like smartphone cameras and defense systems. A select few from the group of 17 are also vital to the expanding electric vehicle industry — neodymium and praseodymium are used in permanent magnet synchronous motors used in EV drive trains. China’s dominance in…
Stock indexes had a mild rebound following a significant sell-off Monday that resulted in the market’s worst day in almost two years. The S&P 500 and the tech-focused Nasdaq Composite both closed 1% higher. The Dow Jones Industrial Average was up 0.7%, or about 300 points. Leading the rally was…
Disney is raising prices on its streaming platforms. Starting mid-October, most plans for Disney+, Hulu and ESPN+ will cost $1 to $2 more per month, according to a press release Tuesday. The most expensive plans for Hulu, which include live TV, will cost $6 more per month. Disney+ basic and premium…
DETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor. The Dearborn, Michigan-based automaker has turned its fleet business, which includes sales to commercial, government and rental customers, into an earnings powerhouse. And Ford’s crosstown rivals General Motors and…
Alex Ingrim knows a lot about how to move to a new country. He was studying in San Diego when a study abroad trip to France led him to meet his now-wife, Louisa; in the 17 years since, the pair have grown their family and lived in Canada, France, the UK,…
Mortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from both homebuyers and especially current homeowners. Total mortgage application volume rose 6.9% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was…
Microsoft fired back at Delta Air Lines on Tuesday accusing the carrier of not modernizing its technology before it canceled thousands of flights in the wake of last month’s global massive IT outage. Delta CEO Ed Bastian told CNBC last week that the carrier has “no choice” but to seek damages from Microsoft and CrowdStrike for the mass disruptions, which…