Battle North Gold Conducts $45 Million Bought Deal To Further Red Lake Property Development

Battle North Gold (TSX: BNAU) this morning announced a significant financing. Co-lead by Cormark Securities and Stifel GMP, the company will be conducting bought deal for both common shares and flow through common shares, for total gross proceeds of approximately $45.0 million. Funds will be utilized exploration of the firms Red Lake Regional Exploration Claims, […]
MAS Gold Enters Definitive Agreement To Be Acquired By Southern Empire

Southern Empire Resources (TSXV: SMP) has entered into a definitive agreement to acquire that of MAS Gold (TSXV: MAS), a firm with two advanced stage gold projects located in the La Ronge Gold Belt in Saskatchewan. The transaction will see MAS acquired via an all share transaction, with shareholders owning 10.3% of the resulting issuer. […]
Relay Medical Forms Joint Venture To Provide COVID-19 Pandemic Response Tech

Relay Medical Corp (CSE: RELA) has formed a joint venture with that of Fio Corp focused on accelerating a COVID-19 pandemic testing, data collection and reporting solution as previously proposed by the two firms under a memorandum of understanding back in May 2020. The joint venture, referred to as Fionet Rapid Response Group, will be […]
Sprott Sells Majority of Stake In Gran Colombia Gold

Eric Sprott has continued to sell off his holdings in Gran Colombia Gold Corp (TSX: GCM). It was revealed last night via an early warning filing made on Sedar that Sprott has sold an additional 4,335,999 common shares of the issuer, which represents approximately 7.0% of the outstanding shares of the company. The sale follows […]
Millions of Americans are Approaching Long-Term Unemployment, Causing Financial Risks to Mount

As the US government is beginning to urge Americans to begin returning to work in lieu of unemployment benefits, the continued downward pressure from the coronavirus pandemic on the economy is making it increasingly difficult to stage a labour market recovery much like the one being envisioned. As a result, the alarming duration of unemployment […]
Horizons ETFs Changes Contract Exposure Of HOD, HOU Crude Oil ETF’s

Horizons ETF’s has updated the rollover schedule for its BetaPro Crude Oil Leveraged Daily Bull ETF (TSX: HOU) and the BetaPro Crude Oil Inverse Leveraged Daily Bear ETF (TSX: HOD) ETF’s. The two oil ETF’s which track the price of oil will now be primarily exposed to the second-month contract rather than that of the […]
Hedge Funds Shift to Bearish Territory on the US Dollar: World’s Reserve Currency Slump May Persist Even Longer

For the first time in over two years, hedge funds have become pessimistic about the US dollar, suggesting that the world’s reserve currency may be dethroned for longer than originally anticipated. The coronavirus pandemic forced the Federal Reserve to unleash a series of policy objectives aimed at propping up the US economy, and most importantly, […]
Antibe Therapeutics: Canaccord Initiates Coverage, Issues $1.50 Price Target

Recently, Canaccord Genuity’s Tania Gonsalves initiated coverage on Antibe Therapeutics (TSXV: ATE), a biotechnology company developing a nonsteroidal anti-inflammatory drugs (NSAIDs) using hydrogen sulfide. The technology involves linking already approved NSAIDs to a hydrogen sulfide-releasing molecule in order to create a new chemical with superior tolerability. Antibe owns 100% of Citagenix, a regenerative medicine company […]
US Housing Starts and Applications Climb by Record Levels in July

It appears that housing starts and applications in the US significantly surpassed expectations, suggesting that home builders are acknowledging the surge in demand amid historically-low interest rates. According to a report released on Tuesday, residential housing starts climbed by 22.6% between June and July – the biggest jump since 2016. Previously, Bloomberg analysts were calling […]
US Mortgage Delinquencies Rise by Record-Breaking 8.22% in Q2 Amid Slow Labour Market Recovery

As many Americans continue to struggle to meet their debt obligations amid the coronavirus pandemic, it appears first-time homeowners have been hit the hardest. According to a recent report by the Mortgage Bankers Association, the second quarter of 2020 saw mortgage delinquencies soar by 8.22%, after increasing 4% from the previous quarter. This is the […]