US Fed to Purchase $80 Billion in Treasuries, $40 Billion in MBS Per Month
The Federal Reserve is planning to continue its quantitative easing measures as a means of steering the US economy away from further collapse. Although the Fed did not announce specific targets and quotas on asset purchases, it did mention that its plan is to continue increasing Treasury and commercial mortgage-backed securities (MBS) holdings at the […]
US Fed To Continue QE Measures, No Interest Rate Hikes Until 2022
The Federal Open Market Committee (FOMC), which is part of the Federal Reserve, is in main decision maker behind interest rates and the projected growth of the country’s money supply. During the coronavirus pandemic, it has been put to work to prop up what’s left of the US economy and keep it from collapsing on […]
US Crude Stockpiles Suddenly Hit Record High, Causing Oil to Fall Near $38
Back in April, oil prices entered negative territory as coronavirus pandemic wreaked havoc across the US. The global supply cuts that followed helped oil prices rebound, but now that restrictions are slowly being lifted and Americans are starting to leave their homes after months of lockdown orders, the demand for oil is also starting to […]
Great Bear Strikes 31.33 g/t Gold Over 20.55 Metres
This morning Great Bear Resources (TSXV: GBR) announced they have hit 31.33 g/t gold over 20.55 m. Likely the best drill result to date. The Company has completed 115 of approximately 300 planned drill holes into the LP Fault target, as part of its 5 kilometre long by 500 metre deep grid drill program. The […]
SKRR Exploration: Revitalizing Gold Exploration in Saskatchewan
A combination of declining worldwide gold reserves, geopolitical and economic instability, and rising gold prices has put in place the fundamental factors for a new and exciting gold mining market. SKRR Exploration Inc. (TSXV: SKRR), a Canadian junior mining company with Saskatchewan-based operations, is led by a team of decorated mining veterans who boast some […]
Hexo Sees $23.6 Million In Debentures Exercise Early Conversion
Following the release of earnings this morning, Hexo Corp (TSX: HEXO) (NYSE: HEXO) announced that it has conducted an initial closing of the previously announced early conversion of unsecured convertible debentures. In total, $23.595 million in debt has subscribed to the early conversion option. The early conversion option is related to $70 million in convertible […]
CloudMD Acquires Medical Clinic, Adding $3 Million To Topline Revenue
CloudMD Software & Services (TSXV: DOC) this morning announced that it has signed a binding term sheet to acquire an integrated medical clinic. The clinic currently operates with 24 healthcare professions across numerous specialties including mental health, women’s health sports medicine, gynecology and psychiatry. Under the terms of the binding term sheet, the medical clinic […]
Silvercorp Walks From Guyana Goldfields Acquisition
Guyana Goldfields (TSX: GUY) yesterday evening reported that Silvercorp Metals (TSX: SVM) has walked from its previous plans to acquire the Latin American gold producer, opting to not up its offer for the producer. Silvercorp walked from the proposed transaction following the announcement that Guyana had received a superior offer for the company, valued at […]
Numinus Wellness Receives Health Canada Amendment To Study Psilocybin Extraction
Numinus Wellness (TSXV: NUMI) this morning had a significant update, announcing that it has received approval from Health Canada to enable the firm to conduct research to standardize the extraction of psilocybin from mushrooms. The approval is stated by the firm to be the first of its kind in Canada. Under the new license, Numinus […]
Freeman Gold Expands Lehmi Gold Project With 219 Additional Claims
Freeman Gold (CSE: FMAN) this morning announced that it staked an additional 219 claims at its Lehmi Gold project in Idaho. The additional claims bring the total size of the Lemhi Gold project o over 7,515 acres of ground that has largely been unexplored despite historic discoveries of the resource. The additional stake claims are […]