CIBC: Cronos Group CEO Switch Up Is “Somewhat Surprising”
This past week, Cronos Group (TSX: CRON) (NASDAQ: CRON) announced that its Board of Directors has appointed Kurt Schmidt as President and Chief Executive Officer of the Company and that Mike Gorenstein has been appointed Executive Chairman. Mike Gorenstein served as the Chairman, President, and CEO of Cronos since 2016. In a note from CIBC, […]
Deutsche Bank: Global Economy Has A Long Road Ahead Before Reaching Pre-Pandemic Levels
As the coronavirus pandemic continues to wreak havoc across many countries and even making a resurgence in some, the global economic recovery phase continues to be pushed back even further. According to a recent warning by Deutsche Bank CEO Christian Sewing, it is going to take significantly longer for the world economy to recover from […]
The Deep Dive Compiles Company Profile On AUX Resources
AUX Resources Corporation (TSXV: AUX) is a gold mining company focused on the Stewart Mining Camp in the Golden Triangle region of British Columbia, one of the most prolific mineralized districts in the world. AUX owns 25,500 hectares of strategic claims, assembled over a 12-year period, in the largely-ignored southern end of the region and […]
Ivanhoe Mines: BMO Raises Price Target To $10
This morning BMO Capital Markts raised their 12-month price target on Ivanhoe Mines (TSX: IVN) to C$10 from C$9 and reiterated its Outperform rating on the stock. This comes a day after TD and Canaccord Genuity raised their price targets from C$6.50 to C$7 and C$5.50 to C$7, respectively. These upgrades come off the back […]
First 20-Megawatt Geothermal Power Facility in Canada Successfully Enters Design Phase
As the shift towards renewable and green energy continues, it appears that a company in Saskatchewan has made a unique breakthrough. Deep Earth Energy Production Corp (DEEP) has announced that it will begin drilling the deepest horizontal well in the province’s history, which will ultimately lead to the construction of Canada’s first ever geothermal power […]
Manhattan Hits New Record of Vacant Apartments as Americans Continue to Flee Coronavirus Hotspots
As the coronavirus pandemic continues to spiral out of control across the US, an increasing number of Americans have been fleeing heavily congested city areas to suburban and rural communities where the risk of virus transmission is lower. As a result, the city of Manhattan has been the subject of a record-high vacancy rate that […]
Desert Mountain Energy Announces $9.0 Million Financing
Desert Mountain Energy (TSXV: DME) this morning announced that it will be conducting a $9.0 million non-brokered private placement this morning, demonstrating the high degree of demand from investors for helium-focused resource equities. The placement will see up to 5,625,000 units of the company sold. Units sold via the offering will be priced at $1.60 […]
UPDATED: Giga Metals Set For Takeoff Following Reuters-Sourced Tesla Rumour
Giga Metals Corp (TSXV: GIGA) appears to be set for takeoff this morning, despite currently being halted. After last trading at $0.58 before being halted, the equity is currently set to resume trading as high as $1.20 following rumours of a potential collaboration with electric vehicle manufacturer Tesla Inc. (NASDAQ: TSLA). The metals company is […]
Kontrol Energy Gets ‘Positive Lab Results’ for COVID-19 Air Detection Product
Yesterday Kontrol Energy Corp (CSE:KNR) announced they received positive lab results for their live COVID-19 air testing unit, BioCloud. Investors first heard about the product on August 5th when the company announced they received a $50,000 grant from the Canadian government to accelerate the development of their detection system which would attempt to determine if […]
CR Capital Releases Glenrock Property July 2020 Exploration Results
CR Capital Corp (TSXV: CIT) this morning announced the results from its July 2020 surface rock and soil sampling program at its Glenrock Gold Property, located North of Salt Ste. Marie, Ontario. Highlights from composite grab samples taken include values of up to 3.29 g/t gold, 0.7 g/t silver, 0.21% copper, and 94 ppm cobalt. […]