New Found Gold Sued By ThreeD Capital Over Private Share Transaction
Sometimes, private transactions are far messier than public transactions, despite what many retail investors think. It appears that ThreeD Capital (CSE: IDK) has found itself in such a situation, with respect to the much hyped New Found Gold Corp (TSXV: NFG), which is set to IPO next week following the close of its $1.30 per […]
Global Industrial Recovery Set to Drive Demand Growth for Silver
Over the last several months, gold prices have been rallying to record highs amid the increasing global economic volatility and uncertainty. Since the beginning of the year, spot gold prices have jumped over 32%, and according to analysts, prices are expected to continue climbing, making 2020 the most significant year for gold since 1979. However, […]
US Initial Jobless Claims Near 55 Million as Economic Recovery Becomes Stagnant
As the US economy struggles to make headway in its recovery, the number of unemployed Americans still continues to rise. According to latest data released by the US Department of Labour, the week ending August 1 saw an additional 1.186 million initial jobless claims, which is slightly down from the 1.434 million in the previous […]
Spotlight Series: AUX Resources With CEO Ian Slater
Our latest guest to join us on The Deep Dive Spotlight Series is that of Ian Slater, whom you might remember from our segment on Outcrop Gold (TSXV: OCG), for which he currently is the executive chairman. Today however, Mr. Slater is here with us to discuss AUX Resources (TSXV: AUX), his latest gold project […]
Canuc Resources Focuses On Finding Silver-Gold Breccia At San Javier
Canuc Resources Corp (TSXV: CDA) this morning updated the market on its current exploration targets for its ongoing field work at the firms San Javier Silver-Gold project. Canuc currently believes that there is a “distinct possibility” of finding silver-gold bearing breccia along the current trend based on current exploration work being done on site. The […]
Trillium Gold Acquires Red Lake Property Contiguous To Newman Todd
Trillium Gold Mines (TSXV: TGM) has expanded its foothold in the Red Lake, Ontario district. The company this morning announced that it has signed an agreement to acquire a property contiguous to its Newman Todd property, the Rivard Property. The property itself is an on-strike extension to the Newman Todd Property, with the property being […]
PowerBand Sees Over US$3.0 Million In Transactions On Auction Platform Since Launch
PowerBand Solutions (TSXV: PBX) this morning provided an update on the success that its virtual auction platform, D2D Auto Auction, has seen since its launch this past spring. In the time since, the company has auctioned over 360 vehicles, a substantial portion of which were for an undisclosed leader in the ridesharing industry. Total value […]
Cronos Group Posts US$107.7 Million Loss, Negative Gross Profit For Q2 2020
Cronos Group (TSX: CRON) (NASDAQ: CRON) reported its second quarter financial results this morning, revealing revenues of US$9.9 million, combined with a net loss of US$107.7 million for the quarter, making us question yet again why exactly Altria Group (NYSE: MO) elected to take such a large position in the company. Net revenues were up […]
Riverside Resources Announces Effective Date For Capitan Mining Spin Out
This morning, Riverside Resources (TSXV: RRI) announced to the market that the effective date for the spin out of its Peñoles silver-gold project in Mexico will be that of market close on August 13, 2020. The spin out will take place by a plan of arrangement with that of Capitan Mining, a soon-to-be-listed issuer on […]
CannTrust Sees All Licenses Reinstated By Health Canada
Canntrust Holdings (OTC: CNTTQ) this morning announced that it has received notice from Health Canada that its license for its Vaughan, Ontario facility manufacturing facility have been reinstated, effective immediately. The announcement follows the news earlier this year that its license had been reinstated at its Fenwick facility. As a result, the company has already […]