GM Launches Electric Delivery Vehicle Business
Following a new logo unveiling that is expected to align with a zero-emissions future, GM recently announced yet another move in the EV space, with the debut of a new business that will offer electric first-to-last-mile delivery. GM launched a new business called BrightDrop, which will offer electric first-to-last-mile products and software and services for […]
Exxon Mobil Being Investigated by SEC Over Permian Basin Asset Valuation
Shares of Exxon Mobil Plummeted by over 5% on Friday, following a report by the Wall Street Journal that reveals an investigation has been opened by the Securities and Exchange Commission over the company’s valuation of a key asset. According to the WSJ, the SEC launched an investigation of Exxon regarding the alleged overvaluation of […]
Canada’s Natural Resource Sector Grows 0.3% in the Third Quarter
Real GDP in the natural resources sector rose by 0.3% in the third quarter of 2020, following a record drop of 10.7% in the prior quarter. Most of the gains were concentrated in the forestry and minerals subsectors, but were partially offset by declines in the energy subsector. According to data released by Statistics Canada […]
Victory Metals Closes $18.0 Million Financing, Proceeds With Nevada King Merger
Victory Metals (TSXV: VMX) this morning announced the closing of its final tranche of its private placement originally announced in December, raising gross proceeds of $18.0 million. With the closing of the placement, the company satisfies a closing condition of the firms merger with that of Nevada King Mining. The placement as a whole saw […]
48North CFO Departs Company Effective Immediately
48North Cannabis (TSXV: NRTH) this morning attempted a new means of announcing the immediate departure of a chief financial officer. The news was contained within the midsection a long “letter to the shareholders” penned by the firms CEO. David Hackett will be leaving the company immediately, with no explanation for the departure provided. Hackett had […]
BC Craft Supply Becomes The Latest Cannabis Operator To Move To Psychedelics
BC Craft Supply Co (CSE: CRFT) is looking to do anything to remain relevant, with the craft cannabis-focused company announcing that it has signed a binding letter of intent to acquire Ava Pathways, a psilocybin research and development company. The company has attempted to justify the transaction to shareholders by stating that it is “comprehensive […]
Trillium Gold Further Consolidates Red Lake District, Acquires Quebec-Based Properties
Trillium Gold Mines (TSXV: TGM) this morning announced further significant increases in its landholdings across the Red Lake region, as well as the entrance into the Larker Lake, Ontario, and Matagami and Chibougamou, Quebec mining districts. Within Red Lake alone, the company as a result has increased its landholdings by a further 7,939 hectares. Within […]
Alcanna, YSS Corp To Combine Cannabis Operations In All-Stock Transaction
Consolidation continues within the increasingly competitive Canadian cannabis sector, with Alcanna Inc (TSX: CLIQ) and YSS Corp (TSXV: YSS) this morning announcing a combination of cannabis operations in an all-stock transaction. The transaction effectively will see Alcanna’s cannabis operations spun-out, with the firm then performing a reverse takeover of YSS Corp, to form what will […]
Premier Gold Releases PEA Outlining $306 Million McCoy-Cove Property Net Present Value At $1,680 Gold
Premier Gold Mines (TSX: PG) this morning released an updated preliminary economic study for its McCoy-Cove Property, which is located near Battle Mountain, Nevada. The property reportedly has an after-tax net present value of $306 million, based on a gold price of US$1,680 per ounce. The study conducted has determined that a mineral resource of […]
Cybin Looks To Raise $20.0 Million Via Bought Deal
Cybin Inc (NEO: CYBN) this morning became the latest firm to take advantage of the favourable investor sentiment within the psychedelics space, with the company this morning announcing that it will look to raise $20.0 million. The financing is set to occur on a bought deal basis. Under the terms of the financing, Cybin will […]