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Palisades Becomes First US Nuclear Restart

Holtec International announced Tuesday that its Palisades nuclear facility in western Michigan has achieved operating status, becoming the first American nuclear plant to transition back from decommissioning.

The 800-megawatt facility owned by the Florida company has yet to produce electricity but may now load fuel into its reactor following completion of the remaining inspections and equipment work. The company expects full operations to resume by the end of 2025.

“When Palisades returns to service, it will produce more than 800 megawatts of safe, clean, and baseload electricity – enough to power over 800,000 homes and businesses,” Holtec announced Tuesday.

You can read more on the matter here.

What’s going on?

• Canada Post Sees Largest Quarterly Loss In Q2, Points To Union Overtime Ban (theDeepDive)

• China seeks to triple output of AI chips in race with the US (FT)

• Churchill Port Gets Federal Backing as Canada Pivots from US Trade (theDeepDive)

• Liberals are already missing their promised lower immigration targets (NP)

• China Expands Rare Earth Controls, Now Regulating Imports (theDeepDive)

• Trump administration to take control of Washington Union Station (Reuters)

• Canada Sees Sharp Rise in Jobless Claims as Trade Tensions Mount (theDeepDive)

• Chinese Spies Hit More Than 80 Countries in ‘Salt Typhoon’ Breach, FBI Reveals (WSJ)

• Alberta Courts Japanese Refiners For Heavy Oil Unit (theDeepDive)

• US tariffs on India hit 50% as Donald Trump-Narendra Modi ties sour (FT)

• Canada-Germany Inks Pact Targeting Minerals, Energy Alliances (theDeepDive)

What’s the latest?

• Politics: Trump’s top economic adviser Kevin Hassett said Fed Governor Lisa Cook should take leave while she challenges her removal. Cook, accused of mortgage fraud, plans to sue, arguing Trump lacks authority to fire her without valid cause. The Fed confirmed Cook will seek a court ruling to remain in her Senate-confirmed role, with the case possibly ending at the Supreme Court.

• Survey: A Royal LePage survey found 54% of Canadians who own U.S. property plan to sell within a year, with 62% citing concerns over Trump’s policies. Nearly one-third of sellers intend to reinvest proceeds in Canada, signaling a shift in cross-border investment. Canadian travel to the U.S. dropped 10.8% in early 2025, with spending down 7.9% to $5.7B, suggesting billions may flow back into Canada’s housing and regional economies.

• ByteDance: ByteDance will launch a new employee share buyback this fall, valuing the company at over US$330B with shares priced at US$200.41—up 5.5% from six months ago. Q2 revenue rose 25% YoY to about US$48B, surpassing Meta in quarterly sales, though ByteDance’s valuation remains under one-fifth of Meta’s due to U.S. regulatory risks. TikTok’s U.S. future is uncertain, with Trump extending the divestment deadline to Sept. 17, 2025, while a U.S. investor consortium works on a potential takeover.

• Real Estate : New home sales in the GTA hit historic lows in July 2025, with only 359 units sold, down 48% YoY and far below the 10-year average of 1,941. Condo sales dropped to 150 units, 44% lower YoY and 60% below average, while single-family sales fell to 209 units, also 44% lower YoY. Inventory stood at 22,654 units, with prices holding at $1.03M for condos and falling 6.1% YoY to $1.49M for single-family homes.

• Nvidia: U.S. Treasury Secretary Scott Bessent said the government will not take a stake in Nvidia, noting the company does not need financial support. He suggested other industries, such as shipbuilding, could be considered for investment. The Trump administration recently took a nearly 10% stake in Intel and secured a “golden share” in U.S. Steel after its sale to Nippon Steel.

Orla Gold Q2 Earnings

The stock market and stuff

• Royal Bank of Canada Reports Record Net Income In Q3 2025 As Credit Loss Provision Jumps 34% (theDeepDive)

• Ivanhoe Completes Debottlenecking At Kipushi, Maintains 2025 Guidance (theDeepDive)

• Taylor Swift’s engagement is such a big deal it’s moving the stock market. (CNBC)

• Lutnick: Trump Administration Eyeing Stakes in Lockheed Martin, Other Defense Giants (theDeepDive)

• National Bank Revenue Climbs 15% in Q3 2025 As CWB Lifts Loans (theDeepDive)

In the juniors

• Heliostar Metals Hits 6.29 g/t Gold Over 30.2 Metres At Ana Paula (theDeepDive)

• Arizona Sonoran Copper Completes PFS Drilling and Initiates DFS Infill Drilling Program (JMN)

• Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling (theDeepDive)

FULL DISCLOSURE: ESGold Corp. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of ESGold Corp. The author has been compensated to cover ESGold Corp. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.