West Red Lake Announces $1.5 Million Flow Through Financing
West Red Lake Gold Mines (CSE: RLG) this evening announced a financing for gross proceeds of $1.5 million. The company currently intends to sell up to 7,500,000 flow through units of the company at a price of $0.20 per unit. Proceeds from the financing are to be used for exploration in 2020 and 2021 at […]
Eguana Posts $21 Million Order Book In Q3 2020
This morning Eguana Technologies (TSXV: EGT) released their third quarter earnings for the period ended June 30, 2020. The company, which offers a home battery system similar to Tesla and SonnenBatterie, is beginning to show signs of scaling with a 181% increase in revenue versus last year’s third quarter and a record $21 million order […]
Story Crapped: EarthRenew’s Renewable Waste Story Falls Short
As detailed in our Sunday “Storycraft” post, The Deep Dive remains of the opinion that story stocks are at their best when the story is easy to tell and makes sense as a business. Since those two elements are difficult to find in the same place, we sometimes focus on the neat stories with holes […]
Nemaska Lithium Sells Assets, Leaves Nothing For Shareholders
Nemaska Lithium (TSX: NMX) has reached a conclusion in its ongoing CCAA proceedings, with the result being that shareholders, unsurprisingly, are left with nothing. The company announced that it has accepted a sales proposal, with its main assets being purchased by a group that consists of the firms largest secured creditor, Orion Mine Finance, Investissement […]
Statcan Estimates July Manufacturing Sales Increase of 8.7%
Statistics Canada this morning released its flash sheet estimate for July’s manufacturing figures, releasing a manufacturing estimate of 8.7% for the month, an improvement in dollar figures over June’s data. However, the rapid expansion of manufacturing has evidently slowed considerably, given that June saw a manufacturing increase of 20.7% over the prior month. While still […]
Khiron Life Pushes Through Extensive Lockdowns In Second Quarter With Revenues Of $1.7 Million
Khiron Life Sciences (TSXV: KHRN) reported its second quarter financials this morning, recording $1.67 million in revenues for the three month period ended June 30, 2020, despite extensive lockdowns experienced within the firms home country of Colombia. The company reported a net loss of $5.7 million for the quarter. Service revenues during the quarter amounted […]
Caldas Gold Announces US$90 Million Gold-Linked Senior Secured Note Offering
Caldas Gold (TSXV: CGC) this morning announced the terms for its private placement offering, which is for up to US$90 million of subscription receipts, which will be used to finance the expansion of the firms mining operations at the Deeps Zone at the Marmato Project in Caldas, Colombia. Notably, the receipts will see amortization occur […]
Vegaste Partners With Neo Financial For Initial Launch Of Rewards Program
Vegaste Technologies (CSE: VEGA) is focusing its efforts on developing customer loyalty early in its growth cycle, with the firm announcing this morning that it has partnered with Neo Financial, a Calgary-based Fintech firm founded by the same team behind Skip The Dishes. The company has seen its PlantX e-commerce platform added to the soon-to-be-launched […]
Marathon Gold Announces Additional 8,000 Metre Infill Drilling Campaign At Berry Zone
Marathon Gold (TSX: MOZ) this morning announced the expansion of ongoing drilling at its flagship Valentine Gold Project, located in Newfoundland. The current drill program is to be expanded by 8,000 metres, enabling the company to conduct further infill drilling at the Berry zone. The drilling is expected to support the first resource estimate for […]
Stifel: WELL Health Is A “Unique Business Model Still In High Growth Phase”
Earlier this month, WELL Health Technologies (TSX: WELL) reported their second quarter financials, with quarterly revenue coming in at $10.6 million, a 43% growth year over year, and an EBITDA loss of $0.5 million. After the financial release, four analysts have raised their price targets while each reiterated their buy rating on WELL Health. Laurentian […]