Latest news with #DavidMacNaughton
Yahoo
29-07-2025
- Business
- Yahoo
REAlloys Appoints Canada's former Ambassador to the United States David MacNaughton to Corporate Board of Directors
DALLAS, July 29, 2025 (GLOBE NEWSWIRE) -- Blackboxstocks Inc. (NASDAQ: BLBX), ('Blackbox' or the 'Company'), announces that its merger target REalloys Inc. ('REA' or 'REalloys') a vertically integrated critical mineral company, today announced the appointment of David MacNaughton, Canada's former Ambassador to the US, to its Corporate Board of Directors. David MacNaughton served as Canada's ambassador to the United States from 2016 to 2019 during the first Trump Administration. Ambassador MacNaughton successfully represented Canadian interests in the complex negotiations leading to the 2020 United States-Mexico-Canada Agreement (USMCA). The USMCA, which substituted the North America Free Trade Agreement (NAFTA) and was a mutually beneficial win for North American workers, farmers, ranchers, and businesses, created a more balanced, reciprocal trade supporting high-paying jobs for Americans and Canadians and opportunities for growing the North American economy. Ambassador MacNaughton was formerly Chairman of StrategyCorp and served as Canadian and North American president of Hill and Knowlton. He also headed Strathshore Financial, Inc. where he did mergers and acquisitions with a special focus on structuring public-private partnerships. He stepped down from his position as Ambassador in 2019 in order to join Palantir Technologies as President of Palantir's Canadian office. He also served on the Board of TC Energy Corporation, which operates 92,000 kilometers of gas pipeline and transports more than 25% of North American natural gas demand. As REalloys progresses in building its vertically integrated rare earth supply chain, with fully owned upstream asset Hoidas Lake in Saskatchewan, an MOU with The Saskatchewan Research Council on a strategic collaborative relationship in which SRC will provide midstream services to REA in support of this effort, and downstream capability with the acquisition of PMT Critical Metals in the United States, Ambassador MacNaughton will contribute his extensive expertise in public-private partnerships and North American statecraft to ensure REalloys' consortium meets its targets to enable North America to substantially divest from reliance on China during the timeframe of the current Canadian and US Administrations. David MacNaughton mentioned: 'I am thrilled to join the first Canada-US critical mineral consortium that has proven capacity in both light and heavy rare earths processing and metallization. Canada and the United States share a long border and close economic and national security cooperation. I am laser focused on practical ways to create win-win outcomes strategically and collaboratively, particularly in the national security space. REalloys will meaningfully benefit the United States, Canada, and the entire Western World.' About REAlloys Inc. REAlloys Inc. (REA) operates a downstream magnet material, critical metals, alloys, & magnet manufacturing facility, located in Euclid, Ohio, and owns the Hoidas Lake Rare Earth Elements Project, located in Saskatchewan, Canada. The project boasts a significant Mineral Resource Estimate of 2,153,000 tons of Total Rare Earth Oxides (TREO) in the Measured and Indicated categories, with significant potential upside. The Hoidas Lake deposit is distinguished by its unique combination of both Heavy Rare Earth Elements (HREEs), including Dysprosium, Terbium, Gadolinium, and Erbium, as well as Light Rare Earth Elements (LREEs) such as Neodymium, Praseodymium, Cerium, and Lanthanum. REA is expanding its Ohio facility's production capacity and is concurrently de-risking and advancing its HLREE Project. By incorporating additional verified rare earth element sources, toll manufacturing, and expanding the Euclid Facility's installed manufacturing capacity, REA is positioned to meet U.S. Protected Markets high performance magnet materials, critical metals, and magnets demand on an accelerated timeline. For more information, go to About Blackboxstocks Inc. Blackboxstocks Inc. is a financial technology and social media hybrid platform offering real-time proprietary analytics and news for stock and options traders of all levels. Our web-based software employs "predictive technology" enhanced by artificial intelligence to find volatility and unusual market activity that may result in the rapid change in the price of a stock or option. Blackbox continuously scans the NASDAQ, New York Stock Exchange, CBOE, and all other options markets, analyzing over 10,000 stocks and up to 1,500,000 options contracts multiple times per second. We provide our users with a fully interactive social media platform that is integrated into our dashboard, enabling our users to exchange information and ideas quickly and efficiently through a common network. We recently introduced a live audio/screenshare feature that allows our members to broadcast on their own channels to share trade strategies and market insight within the Blackbox community. Blackbox is a SaaS company with a growing base of users that spans over 40 countries. For more information, go to ContactsBlackboxstocks PCG AdvisoryJeff Ramson(646) 863-6893jramson@ REAlloys ArgyleCEO REalloys Safe Harbor Clause and Forward-Looking Statements This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'expose,' 'intend,' 'may,' 'might,' 'opportunity,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'will,' 'would' and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (a) those factors described under the heading 'Risk Factors' in our filings with the SEC, including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time; (b) that the Company and REalloys may be unable to complete the proposed Merger and related transactions because, among other reasons, conditions to the closing of the proposed transaction may not be satisfied or waived; (c) uncertainty as to the timing of completion of the proposed Merger and related transactions; (d) the inability to complete the proposed transaction due to the failure to obtain Company stockholder approval for the proposed Merger and related transactions or the failure to satisfy other conditions to completion of the proposed Merger and related transactions; (e) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; (f) risks related to disruption of management's attention from the Company's ongoing business operations due to the proposed transaction; (g) the effect of the announcement of the proposed transaction on the Company's relationships with its customers and suppliers, and on its operating results and business generally and (h) the outcome of any legal proceedings to the extent initiated against Company, REalloys or others following the announcement of the proposed transaction, as well as the Company's and REalloys' management's response to any of the aforementioned factors. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under 'Risk Factors' in our SEC filings may not be exhaustive. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods. Disclosure Information Blackbox uses and intends to continue to use its Investors website at as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the Company's Investors website, in addition to following the Company's press releases, SEC filings, public conference calls, presentations and in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
24-07-2025
- Business
- CTV News
‘Mutually assured destruction': Eby describes impact of trade war on both sides of the border
Talk of unity was punctuated by pipeline politics Wednesday, as Canada's premiers wrapped up their summer summit. Alberta Premier Danielle Smith is not quitting her push for another pipeline through B.C., an idea B.C. Premier David Eby continues to resist. 'I'll acknowledge some frustration that we have so many shovel-in-the-ground projects, with a small amount of support from the government, that would be ready to go,' said Eby. 'And a lot of the discussion is around this project that does not currently have a proponent.' The pipeline push comes as Canada's former ambassador to the U.S. David MacNaughton – who briefed the premiers during their meetings – told CTV News that a trade deal by President Donald Trump's Aug. 1 deadline is highly unlikely. 'It's complex and it may take longer, and I think it probably will,' said MacNaughton. While Prime Minister Mark Carney and the premiers all say a good deal for Canada is paramount to a rushed one, sectors like aluminium – already subject to 50-per-cent tariffs – are feeling the heat. In Kitimat, the smelter employs more than a tenth of the town, and protracted tariffs would spell big trouble, says Mayor Phil Germuth. 'It has the potential to, of course, be extremely impactful,' he said. The trade war is taking a toll on both sides of the border. Places like Point Roberts, Wash., are being hammered by B.C. travel boycotts, which Eby has encouraged. 'It hurts my heart, because these are people that we welcomed to our state,' said Washington Sen. Patty Murray, during a Zoom news conference she hosted along with Eby and various Washington state businesses impacted by the trade war. 'But I understand where he's coming from, and he has very few tools to do it.' Eby also lamented the fractured friendship Wednesday. '(It's) a recipe for mutually assured destruction,' he said, describing the ongoing trade war and the consequences flowing from it.
Hamilton Spectator
22-07-2025
- Business
- Hamilton Spectator
Premiers now huddling with former ambassadors to the U.S. David MacNaughton and Gary Doer.
Now that Prime Minister Mark Carney has concluded his meeting with the premiers, the Council of the Federation conference is officially under way. The premiers are huddling with former Canadian ambassadors to the U.S. David MacNaughton and Gary Doer. They are advising the premiers on strategies for coping with the Trump tariffs and for keeping relations positive with state governors, almost all of whom, Republican and Democrat, oppose the levies that are making things more expensive for American consumers. The United States Chamber of Commerce, the world's largest business organization, has long opposed tariffs on Canadian goods for that very reason.
CBC
21-07-2025
- Politics
- CBC
Can Carney strike a deal with Trump before Aug. 1?
Former Canadian ambassador to the United States David MacNaughton says Canadians can 'hope' but 'shouldn't plan' for a deal with the U.S. by President Donald Trump's Aug. 1 deadline. 'Some progress has been made,' MacNaughton tells CBC's Power & Politics host David Cochrane.
CTV News
10-07-2025
- Business
- CTV News
Former ambassador calls July 21 trade deadline deal with Trump ‘not realistic'
Canada's former ambassador to the U.S. says the federal government's self-imposed deadline to reach a new economic and security deal with the U.S. is 'not realistic at the present moment.' 'I don't think that we're going to reach anything of a significant breakthrough by the 21st,' David MacNaughton said in an interview with CTV News on Thursday. 'I think one can always hope for the best, but I think that's not realistic at the present moment, because I think what we've got right now is (U.S.) President Trump is feeling pretty confident of his own position, not just with Canada, but elsewhere.' MacNaughton, who served as ambassador during Trump's first term in office between 2016 and 2019, is currently a member of Prime Minister Mark Carney's Council on Canada-U.S. Relations. Carney set the July 21 deadline after meeting with Trump last month at the G7 Summit in Kananaskis, Alta. No official from the Trump administration has publicly declared that deadline. The two countries have been in the throes of a trade war for months since the president's first slate of tariffs on Canadian goods in February. Trump has since levied a series of sweeping and stacked tariffs on Canadian products, including a 25 per cent levy on steel and aluminum imports. The deadline of July 21 is also the target date Carney said Canada would adjust counter-tariffs on steel and aluminum to levels 'consistent' with progress made during trade negotiation with the U.S. Speaking to reporters on Thursday on the sidelines of the ASEAN Summit in Malaysia, Foreign Affairs Minister Anita Anand said the federal government is 'still hopeful' an agreement can be reached by July 21, despite the 'complex negotiation.' 'Our teams are working extremely hard behind closed doors,' Anand said. 'This is an effort that we are putting all our weight behind.' But in an interview last week with CTV News, U.S. Ambassador Pete Hoekstra would not commit to July 21 to finalize an agreement. Hoekstra also made it clear every country, including Canada, is 'going to pay some level of tariff.' 'But the overall agreement, I think at the end of the day, is going to be good for Canada, and I think it's going to be good for America,' Hoekstra said. Should supply management be put on the table? U.S. officials, including Trump, have long objected to Canada's supply management dairy system, despite Canada agreeing to allow U.S. dairy farmers access to about 3.5 per cent of the domestic market as part of the Canada-U.S.-Mexico Agreement (CUSMA), which was signed in 2018 during the first Trump administration. Supply management in Canada coordinates production and maintains import controls for dairy, poultry and eggs to set stable prices for both farmers and consumers. Asked if the policy should be part of negotiations, MacNaughton said, 'I don't see the need for us to put supply management on the table,' adding it's a 'complicated equation' since the U.S. offers subsidies to farmers to support agricultural production, while also levying tariffs on some industries like agriculture to keep imports out. In June, the Senate also adopted Bill C-202, which is aimed at protecting supply management from any future trade deals. Deanna Horton, who was a former Canadian diplomat and negotiator on the original North American Free Trade Agreement (NAFTA), says like 'any negotiation, it's all about what do you have in your back pocket.' 'You have to wait until it's getting down to the wire,' Horton said in an interview with CTV News. 'My sense is that Canada will want to keep some of these things up until the last minute, including supply management.' Canada has recently given Trump one concession during negotiations by rescinding the digital services tax less than two weeks ago. The tax — first pitched by the Liberals in their 2021 budget — imposed a three per cent levy on revenues over $20 million from tech giants earning money off Canadian content and Canadian users, with first payments due on June 30. But in a post to Truth Social on June 27, Trump abruptly ended trade talks over the tax. Two days later, Carney cancelled the policy and negotiations between the two countries resumed. While describing the ongoing talks as a 'volatile situation,' MacNaughton says the federal government should be 'patient' and 'prepared to extend the discussions.' 'I think it's just a matter of not panicking because I don't think (Trump is) ready to do a deal that would be in Canada's best interest. So, I don't think we should be rushed into it,' MacNaughton added. The former ambassador also tells CTV News that Canadians are 'going to have to suffer some pain' in the meantime. 'I think Canadians are going to have to understand that this isn't going to be simple. It's not going to happen anytime quickly,' MacNaughton said, emphasizing the ongoing work by Canada to diversify its markets. With files from CTV News' Spencer Van Dyk
