Pistol Bay Mining Commences Field Work At Icefield Gold Project
Pistol Bay Mining (TSXV: PST) this morning announced that it has mobilized a field crew to its recently acquired Icefield Gold project, located within southeastern British Colombia. The crew will be conducting a phase 1 reconnaissance and verification exploration program on all the properties within the project. The planned field work program will see each […]
Skeena Hits 5.88 G/T Gold Equivalent Over 17 Metres In New Zone
Skeena Resources (TSX: SKE) this morning had a positive development in that it has discovered high grade gold and silver mineralization at a depth of 600 meters below surface that was previously unidentified. The zone, referred to as Eskay Deeps, resides in a previously unexplored area of the property. The results provided this morning by […]
Fire & Flower Q2 Revenues Climb To $28.6 Million, Net Loss To $29.1 Million
Fire and Flower Holdings (TSX: FAF) this morning released its second quarter financial statements, reporting revenues of $28.6 million for the thirteen week period ended August 1, 2020, an improvement from the $23.1 million in revenues reported in the prior quarter. The company reported a net loss of $29.1 million, as compared to a net […]
Wallbridge Mining, Kirkland Lake Enter Non-Binding Term Sheet For Detour East
Wallbridge Mining (TSX: WM) and Kirkland Lake Gold (TSX: KL) yesterday evening announced that they have entered into a non-binding term sheet regarding Wallbridge’s Detour East property. The term sheet enables Kirkland to earn up to a 75% interest in the property, dependent on spending $35 million in exploration over a defined time period. Wallbridge […]
UPDATED: SEC Looking into Nikola Claims; Will GM Pull Out of Nikola Deal?
After the market, Bloomberg reported the SEC is assessing the merits of the accusations made by short-seller Hindenburg Research. The claims in the short report include: rolling a truck down a hill to suggest a working prototype, false claims about proprietary battery tech, insider selling, false claims of a solar powered building, and more. Rumors are […]
Mission Ready Solutions Awarded Up To US$324.3 Million In US Government Contracts
It appears that Mission Ready Solutions (TSXV: MRS) is having a great day today. The US Department of Defense this afternoon released the latest round of contracts that have been awarded, with Mission Ready’s wholly owned subsidiary being rewarded handsomely for its personal protection equipment offerings – to the tune of up to US$324.3 million […]
Hexo Pushes Out Burwash As CFO, Appoints Trent MacDonald
The revolving door that is the chief financial officer position at Hexo Corp (TSX: HEXO) (NYSE: HEXO) has claimed another. After less than a year in the role, CFO Stephen Burwash has been pushed out by the company, with CEO Sebastian St-Louis stating that, “the Board and I felt it important to ensure that our […]
iAnthus Shareholders Reportedly Approve Recapitalization Transaction With 68% Voting Yes
iAnthus Capital Holdings (CSE: IAN) has evidently seen shareholders approve the highly contested recapitalization transaction. While the company has not released official results on the matter, several shareholders whom were on the virtual meeting have reported that 68% of shareholders approved the transaction, providing the figure required to continue to the next step of the […]
Gasoline Demand Across The US Crumbles As Summer Driving Season Comes End
As the summer driving season in the US comes to an end, the demand for fuel is beginning to collapse from what seemed like a modest recovery at most. As a result of an alarming decline in demand, OPEC had no choice but to revise its oil demand forecast for the remainder of the year, […]
Silvercorp Metals: Canaccord Genuity Initiates Coverage With C$12 Price Target
This morning, Canaccord Genuity’s analyst Dalton Baretto initiated coverage on Silvercorp Metals (TSX: SVM) (NYSE: SVM) with a C$12 price target and a Hold rating saying, “we view SVM as a compelling investment for investors looking for leverage to the silver price, although we acknowledge that the stock appears near fully valued at our current […]