Our new investigation uncovers a network of 450 Canadian companies that are using a complex "Prospect Generator Model" to mine not for gold, but for investors and tax benefits. Average investors hoping that one of these claims will become a profitable gold mine face one in 10,000 odds. Mine exploration in sensitive salmon watersheds leaves downstream communities shouldering the financial and environmental risks, while distant mine owners and major investors reap the rewards. This imbalance raises questions about the long-term financial sustainability of these ventures - especially since they share many attributes of a Ponzi scheme. Learn more about these Bad Prospects - and how Canada and the U.S. can address them - here: https://lnkd.in/erW9dtrw
Environmental Investigation Agency US’ Post
More Relevant Posts
-
Canada is pursuing a speculative gold rush that promises to be just as detrimental to potential prospectors as they were in the past. Though global gold stockpiles are more than adequate, Canada continues to support new gold prospecting projects in the Alaska-British Columbia transboundary region. While only one in 10,000 claims becomes a profitable mine, Indigenous communities, commercial fishermen, and tens of thousands of U.S. and Canadian citizens already know about the high risk that gold exploration and development poses to the wild salmon rivers they all rely upon. Our new investigation reveals a network of over 450 companies that are reaping the rewards of gold prospecting while dumping the financial and environmental risks on downstream communities. Learn more about these Bad Prospects here: https://lnkd.in/erW9dtrw
To view or add a comment, sign in
-
What should the new government do as it continues with the 2022 Critical Minerals Strategy? In June we had our very own Parliamentary Fellow, Lewis Pickett (a Committee Specialist at the House of Commons), who looked at exactly that. "I was looking at critical minerals to get a better understanding of the next steps the UK Government may wish to take. The conversations I had really opened my eyes to the complexities involved with solving this problem, not only practically but ethically too. It can be hard to bridge the gap between policy and academia sometimes, but this placement brought home the value of doing so." You can now read his report on ‘‘Critical Minerals: potential next steps,’ and see what he thinks the potential next steps for the new government should be ➡️ https://bit.ly/3WWonlP
To view or add a comment, sign in
-
Today, we start to feature our Specialty Strategies with Warwick’s first: Royalties and Minerals. Originating from our special situations research, Warwick Specialty Strategies identify niche investment opportunities with differentiated sources of attractive risk-return and highly experienced specialist teams. We bring these to our investors in the spirit of ongoing partnership to support their investment goals. Warwick Royalties and Minerals focuses on lower mid-market US oil and gas mineral and royalty interests. https://lnkd.in/e6MeGxDD
To view or add a comment, sign in
-
The numbers according to the Queensland Critical Minerals Prospectus. Full report here: https://lnkd.in/gcbb7vc6 #vanadium #queensland #criticalminerals #investment Department of Resources (Queensland) Amy Ketter, Paul Holden
To view or add a comment, sign in
-
No one has ever said, “I don’t want to get back up to 70% of my investment from Tax Savings!” Learn more about Maple Leaf Funds and Flow-Through Shares that support the mining of Critical Minerals in Canada while investors get up to 140% Tax Deductions. Ask your investment advisor about our 18.23% average after-tax returns today. #MapleLeafFunds #CriticalMinerals #TaxDeduction #FlowThroughShares #investing
To view or add a comment, sign in
-
Advisor to Chief and Council of Constance Lake First Nation *advisor@clfn.on.ca* Mokwateh and Special Situations. SETTING PRECEDENTS. #JoelForSenate2030. Views are my own!!
$9 BILLION dollar deal... how much is going to impacted First Nations? never mind how much has been made along the way...... Innovation, Science and Economic Development Canada | Innovation, Sciences et Développement économique Canada has made an announcement approving the sale by Teck Resources Limited to Glencore of the ELK Valley coal resource and business. A $9 BILLION transaction. I would LOVE to know what the impacted First Nations are receiving from the sale proceeds from TECK (is it anywhere near 5% of the transaction value?). And on a go forward basis how do the First Nations benefit with Glencore (do the First Nations earn a royalty on sales? do they have a meaningful equity position?)
To view or add a comment, sign in
-
Remember to register for the 2𝐧𝐝 𝐈𝐓𝐀 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐨𝐧 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐀𝐫𝐛𝐢𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐢𝐧𝐢𝐧𝐠 𝐒𝐞𝐜𝐭𝐨𝐫 in Toronto. Today we are highlighting the panel "𝐒𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭 𝐌𝐞𝐜𝐡𝐚𝐧𝐢𝐬𝐦𝐬 𝐅𝐨𝐫 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐌𝐢𝐧𝐢𝐧𝐠 𝐃𝐢𝐬𝐩𝐮𝐭𝐞𝐬: 𝐖𝐡𝐚𝐭 𝐖𝐨𝐫𝐤𝐬 𝐀𝐧𝐝 𝐖𝐡𝐚𝐭 𝐃𝐨𝐞𝐬 𝐍𝐨𝐭?". This panel, moderated by conference co-chair Dietmar W. Prager, will feature Scott Statham, Tim Bradburn, Isabelle Michou, and Johanna Klein Kranenberg, and will discuss strategies for settling mining disputes, including the timing and structure of the settlement negotiations; whether there is room to improve the negotiation and consultation processes with the host Government under the investment treaty dispute settlement provisions; and whether mediation, such as under ICSID’s new Mediation Rules, can be a useful tool in settling mining disputes. To register for the program, click here: https://lnkd.in/dtuTKdmy
To view or add a comment, sign in
-
Lancaster Resources is pleased to announce that on February 2, 2024, the Supreme Court of British Columbia granted an interim order (the “Interim Order”) in connection with the proposed spin-off of Nelson Lake Copper Corp. Read more about our latest news here: https://loom.ly/KGAgrbU #LCR #LANRF #LancasterResources #RenewableEnergy #InvestmentOpportunity #MiningInvestment #SustainableFuture #InvestmentNews
To view or add a comment, sign in
-
White Cliff Minerals Limited (WCN) in the The Australian Financial Review! We are proud to share that White Cliff Minerals Limited (WCN) was prominently featured in The Australian Financial Review over the weekend. The feature by Amanda Ellis delves into our exciting progress in Canada’s underexplored frontiers, where our recent assays have returned some of the highest grade copper, gold, and silver rock-chip samples in recent history. Our strategic positioning and early-mover advantage have already begun to yield remarkable results, particularly at the Great Bear Project. With an impressive silver find of 75,439g/t, we're proving that this ground is as rich as we anticipated. Stay tuned as we continue to uncover the potential of these promising sites and deliver value to our shareholders. The next steps are even more exciting as we prepare for further drilling at both the Great Bear and Rae projects. Troy Whittaker Roderick McIllree Dan Smith Eric Sondergaard Nicholas Ong #WCN #AFR #Canada #Silver #Gold #Copper #ASXNews #ASX
To view or add a comment, sign in
-
Jr. IDs High-Priority Targets at Historic BC Copper-Silver-Gold Project: https://ow.ly/LcCG50TLYzq GSP Resource Corp. (TSXV:GSPR) announced that a recently completed block-modelling exercise has yielded new high-priority drill targets at its Alwin Mine Copper-Silver-Gold Project in British Columbia. One expert said about the company, "I'm not sure I see a downside." $GSPR:TSXV $GSRCF #silverstocks #goldstocks #copperstocks
Jr. IDs High-Priority Targets at Historic BC Copper-Silver-Gold Project
streetwisereports.com
To view or add a comment, sign in
2,238 followers