Sponsored by ESGold Corp

Sweden Bets Big on Nuclear Comeback

Swedish officials proposed a sweeping financial package worth 220 billion kronor ($23.4 billion) to back new nuclear reactor construction, representing one of Europe’s boldest bets on atomic energy expansion.

The 2026 draft budget proposal would support the development of approximately 5 gigawatts of new nuclear capacity over 12 years — equivalent to roughly four large-scale reactors. The framework is a dramatic reversal for a nation that voted to phase out nuclear power in a 1980 referendum.

“We are facing a decisive moment for Sweden’s energy,” Energy Minister Ebba Busch said at a press conference. “A secure supply of electricity is a fundamental function of society.”

You can read more on the matter here.

What’s going on?

• Secret Service Dismantles Major SIM Farm Network in New York (theDeepDive)

• Carney to Push Budgets to Fall in Major Accounting Shift (Bloomberg)

• Fortune Bay: The Potential Billion Dollar Project (theDeepDive)

• France faces fresh political turmoil after Prime Minister Sébastien Lecornu resigns weeks into role (Globe)

• Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust (theDeepDive)

• US unemployment claims rise moderately amid labor market freeze (Reuters)

• Barrick Mining’s “Company Defining [Gold] Discovery” (theDeepDive)

• Supreme Court rejects appeal of Ghislaine Maxwell for Epstein abetting conviction (CNBC)

• ESDC: No Actual Site Visit In 77% Of Temporary Foreign Worker Inspections (theDeepDive)

• Illinois Sues to Block Trump’s National Guard Deployment (WSJ)

• America Uses More Copper Than It Makes | Simon Quick – Canadian Copper (theDeepDive)

What’s the latest?

• Barrick: Barrick Mining Corp. will sell its 89.7% stake in the Tongon gold mine and other Ivory Coast assets to Atlantic Group for up to US$305 million. The deal includes US$192 million in cash, with US$23 million from a shareholder loan repayment within six months. Additional US$113 million in contingent payments depend on gold prices and resource conversions. The transaction, pending Ivory Coast government approval, is expected to close later this year.

• Markets: Wall Street hovered near record highs Monday, with the S&P 500 up 0.3% and Nasdaq rising 0.4%, driven by a 32.6% surge in AMD after announcing an AI chip deal with OpenAI, which may earn up to 160 million AMD shares. Nvidia fell 1.5% amid concerns of an AI investment bubble. Comerica jumped 16.5% after Fifth Third Bancorp’s US$10.9Bacquisition deal. Abroad, Japan’s Nikkei 225 soared 4.8% after Sanae Takaichi became the likely first female prime minister, while France’s CAC 40 fell 1.2% following PM Sébastien Lecornu’s resignation.

• Crypto: Bitcoin traded near a record US$125,653.32, up 1.66% at US$124,861.70, marking its second straight session of gains. The cryptocurrency has surged 33% year-to-date, driven by institutional inflows, pro-crypto policies under the Trump administration, and stronger integration with global finance.

• Politics: Canada will now release federal budgets in the fall instead of the spring, starting with Budget 2025–26 on Nov. 4, led by Finance Minister Francois-Philippe Champagne. The change comes amid a $68.5 billion deficit and introduces a Capital Budgeting Framework separating operational and capital spending. The government aims to cut spending by up to 15% by 2028 and balance the operational budget within three years. Prime Minister Mark Carney is also seeking to lift U.S. steel and aluminum tariffs during talks in Washington, D.C.

• EVs: Tesla shares rose 3% Monday after the automaker teased an Oct. 7 event, fueling speculation of a more affordable Model Y launch to sustain sales momentum. Analysts expect the stripped-down version to be about 20% cheaper to produce and reach 250,000 units annually by 2026. The teaser follows record Q3 deliveries boosted by EV tax credit expirations, though demand may cool in coming months. Wall Street projects 1.85 million Tesla deliveries in 2026, with the new model contributing roughly 155,000 units.

Is Oil Dead?

The stock market and stuff

• Alberta Data Center Plan For Meta Advances With Pembina (theDeepDive)

• G Mining Secures Up To US$537.5 Million For Construction Of Oko West (theDeepDive)

• OpenAI targets 10% AMD stake via multibillion-dollar chip deal (FT)

• Orla Mining Identifies Potential 2 Kilometre Extension At Musselwhite (theDeepDive)

• B2Gold Hits Commercial Production At Goose Mine (theDeepDive)

In the juniors

• US Weighs Critical Metals Stake for Greenland; Shares Soar 80% (theDeepDive)

• US Funding Spree Puts Spotlight On Antimony Names (theDeepDive)

• Nord Precious Metals Produces High Grade Silver Concentrate From Tailings (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.