Red Metal Resources' Chilean subsidiary, Minera Polymet, has signed a renewable five-year lease with artisanal miner CMS Catalina for mining rights to the Irene and Margarita copper-gold concessions near Vallenar, Chile. Polymet will earn a 10% royalty on mineral sales with a minimum monthly payment of $1,000 starting after a three-month grace period. Production is expected to ramp up to at least 2,500 tonnes per month, supporting local mining while Red Metal retains exploration rights. This deal aligns with Red Metal's strategy to generate revenue from Chilean assets without operational risk while advancing exploration at other properties.
Meta has agreed to an $18 billion legal settlement, which translates to about $1 billion per year—an amount negligible compared to its substantial revenue and earnings. The settlement resolves regulatory uncertainties, allowing Meta to focus on its c...
Genius Group, after selling its entire Bitcoin reserve to repay $8.5 million in debt, plans to rebuild its Bitcoin and AI treasuries to a combined $1.6 billion by fiscal year 2031. The company aims to grow total assets to $2 billion and will fund tre...
Veteran trader Peter Brandt revealed he remains long on Bitcoin even as the cryptocurrency struggles to break above the key resistance zone around $82,000. Bitcoin recently climbed above $80,000 but faced strong selling pressure, causing a pullback. ...
Grayscale's Zach Pandl highlights that the US Treasury's bond repurchases aim to ease pressure from soaring government debt, which recently surpassed $40 trillion. While these repurchases may reduce Treasury supply and stimulate the economy, they don...
GoMining introduced Instant Funds, a feature enabling eligible digital Bitcoin miner NFT holders to use their miners as collateral to borrow stablecoins like USDT or USDC without selling the miners. Users can access up to 30% of the miner's value wit...
