Aphria Announces US$100 Million At The Market Offering
Tucked at the bottom of today’s earnings release by Aphria Inc (TSX: APHA) (NASDAQ: APHA) was the announcement that, despite a reported cash balance of C$497.2 million, the company would be conducting an at-the-market offering for gross proceeds of up to US$100 million. The distribution of such shares is to occur on both the Nasdaq […]
Xander Advances Fenelon Project Following Finding Of Gold Showing
Xander Resources (TSXV: XND) this morning announced that it is advancing its Blue Ribbon Property in the Fenelon camp as it looks to expand the initial exploration of the gold showing of the Remick trench. The company intends to undertake a program focused on exposing and expanding the trench and surrounding area. The trench found […]
Vizsla Increases Panuco Drill Count To Four As It Expands Exploration Program
Vizsla Resources Corp (TSXV: VZLA) is stepping up its drill program at its Panuco silver-gold project in Sinaloa, Mexico following the outstanding results of 2,889 g/t silver and 107.9 g/t gold over 3.7 meters in a single drill hole earlier this month. The company has now added a fourth drill rig to its exploration program, […]
GoGold Reports Resource of 63.7 Million Ounces Silver Equivalent At Los Ricos South
GoGold Resources (TSX: GGD) this morning announced their initial mineral resource estimate for the Los Ricos South Project in Mexico, reporting measured and indicated mineral resources of 63.7 million ounces of silver equivalent, grading 199 g/t silver equivalent in 10.0 million tonnes. Further, the company also updated mineral reserves and resource estimates at its Parral […]
Max Resource Assays 34.4% Copper, 305 G/T Silver Over 0.5 Metres of Continuous Outcrop At Cesar Project
Max Resource Corp (TSXV: MXR) this morning released new outcrop values from its wholly-owned Cesar copper-silver project located north of Bogota, Colombia. The sample results are from the first pass of field work at the Herradura and Ventana areas within the AM North Zone, with the latest results hosting highlight values of 34.4% copper and […]
Aphria Reports Net Revenues of $152.2 Million, Loss of $98.8 Million in Fourth Quarter 2020
Aphria Inc (TSX: APHA) (NASDAQ: APHA) reported its fourth quarter and full fiscal year financial results for the period ended May 31, 2020 this morning. The company reported net revenues of $152.2 million, of which $53.1 million was attributed to cannabis revenues, while reporting a net loss of $98.8 million for the quarter. Full fiscal […]
Monterey Minerals Closes Oversubscribed $1.6 Million Financing
Monterey Minerals (CSE: MREY) has closed its long awaited non-brokered private placement, raising gross proceeds of $1,629,500, with the financing being oversubscribed from the initial $1.5 million offering. The second tranche of the placement closed this evening, raising final proceeds of $454,500 in the tranche. The financing saw units sold at a price of $0.05 […]
K92 Mining: Scotiabank, PI Financial Raise Price Target Following Kora PEA
Yesterday evening K92 Mining (TSXV: KNT) released a positive preliminary economic assessment on their phase three expansion for the Kora Deposit, located in Papau New Guinea. The economic assessment shows an average annual expansion run-rate production of 318,000 ounces gold equivalent per annum at 1.0 million tonnes per annum or a 165% increase from stage […]
Delinquency Rate on Single Family Mortgages Rises Sharply in June to 2.48%, Up From 0.81% in May
A double-dip recession becomes more and more evident as coronavirus cases continue to soar across the US, initial jobless claims continue to rise despite the easing of restrictions and business reopenings, and Americans continue to struggle with mounting debt. As a result, Freddie Mac’s recently released June data showed a startling 2.48% delinquency rate – […]
Deutsche Bank Cuts Financing to New Oil Sands and Arctic Region Projects In Further Blow To Oil Industry
The coronavirus-induced oil price crash has caused the industry as a whole to suffer unprecedented setbacks, with a recovery slipping further and further away from the foreseeable future. Not only has the demand for fossil fuels dropped drastically, but so has the sentiment surrounding business activities in the oil and gas industry. With many OECD […]