Mexican courts ruled that Capstone Copper Corp. must pay over $50 million in unpaid royalties to Minera Portree de Zacatecas (MPZ) for its 2% Net Smelter Return royalty on five mining concessions at the Cozamin copper-silver mine, dating back to 2019. The royalty was legally confirmed and registered in 2002 and remains the property of MPZ despite Capstone's acquisition of the concessions. Capstone has been producing copper and silver at Cozamin since 2010 and recently engaged Scotiabank to sell the mine, valued at around $400 million. The court rulings bind Capstone and any future buyers to honor the royalty payments, which are estimated to generate $9 million annually at current metal prices, with total claims including arrears and interest potentially exceeding $77 million. The final federal court decision on Capstone's appeal is pending, with enforcement and potential damages expected to follow.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
