US Oil Production Anticipated to Fall by 0.99 Million BPD in August in Light of Grim Economic Outlook
Back in July, the Energy Information Administration (EIA) had anticipated that crude oil production in the US would decline on average by 620,000 barrels per day for the current year. However, the EIA is now reassessing its estimate, and is projecting a rather more grim Short Term Energy Outlook (STEO) for August of 370,000 barrels […]
It’s Early Yet; Grading Discovery Hunters Pt. 2: Golden Lake Exploration
Part one of this series about early-stage, discovery-oriented company archetypes focused on Nexus Gold, and can be found here. Since even shallow analysis can identify the beat-up, warn-out boats at a distance, the industry has pivoted to selling models with a newer build date, and fresher paint. These crafts look a lot cleaner without an […]
Dominion Water Begins Development of Quebec Esker Water Reserve
Dominion Water Reserves (CSE: DWR) this afternoon announced that they are currently in the process of developing one of only two permitted esker water reserves in Quebec. The esker is a unique water resource that differs from other water reserves within the province as a result of its high natural silicon content. The water reserve […]
US Weekly Jobless Claims Fall Below 1 Million For First Time Since March
It appears that the US labour market may be beginning to show signs of improvement, as weekly initial jobless claims are finally under 1 million for the week ending on August 8. According to data released by the US Department of Labour, a total 963,000 initial jobless claims were filed last week, which is below […]
US Uranium Production Hits All Time Low, EIA Refuses To Release Production Figures
It appears that the United States is headed towards a crisis within its uranium market. This morning, the US Energy Information Administration (EIA) released its quarterly report for domestic uranium production. However, there was just one problem – production was so low during the second quarter that the agency withheld the data to avoid “violating […]
Datametrex AI Secures Additional $2.4 Million In Contracts From Lotte Group
Success in foreign markets continues to grow for that of Datametrex AI (TSXV: DM), whom this morning announced that it has secured a $2.3 million contract with that of Lotte Home Shopping Co, as a follow on sale to a $1.0 million contract it was awarded last month with various division of the Lotte Group. […]
Noram Ventures Releases Locations of Fall 2020 Exploration Drill Targets
Noram Ventures (TSXV: NRM) updated the market this morning on its 2020 exploration program by releasing its proposed drill plan for the Zeus lithium claystone property, located in the Clayton Valley of Nevada. The plan consists of a total of twelve drill holes. The fall 2020 drill program will look to expand the current resource […]
Medipharm Labs Posts Revenues of $13.9 Million, Net Loss of $3.5 Million For Q2 2020
Medipharm Labs (TSX: LABS) reported further disappointing quarterly results this morning, with revenues of $13.9 million being recorded for the three month period ended June 30, 2020, along with a net loss of $3.5 million. On a year over year basis the company appears to be losing ground in terms of profitability, with the same […]
Hexo Completes $34.5 Million ATM Program In Less Than Two Months
Hexo Corp (TSX: HEXO) (NYSE: HEXO) this morning announced that it has stopped flooding the market with its paper as its at-the-market (ATM) financing program has come to an end. Announced just two months ago on June 16, the company dumped a total of 33,921,979 common shares on the open market for gross proceeds of […]
Vizsla Drills 1,245 G/T Silver Equivalent Over 1.5 Metres at Panuco
Vizsla Resource Corp (TSXV: VZLA) this morning released further drill results from its ongoing exploration at its Panuco silver-gold project in Mexico. The latest results come from the San Carlos Mine on the property, which is 6 km east of the recently announced assays at the Napoleon vein corridor. Highlights from the first three drill […]