US Oil Soars to $60 Amid Refinery Shutdowns, Supply Disruptions
The price of oil soared to nearly US$60 per barrel — the highest level in nearly a year, as a severe winter storm not only increased the demand for energy, but also disrupted crude oil production at a number of oil refineries in Texas. The rare blast of arctic temperatures across a number of southern […]
Rick Rule: Gold Market Leadership Starts At The Top – The Daily Dive
Starting off the trading week on the Daily Dive is that of Rick Rule, senior managing director of Sprott Inc. Rick joins us today to talk gold, junior mining, commodities, the impact of social media in todays investing environment and more. Within, Rick provides his insight on the sell off experienced among junior gold names […]
Hexo Corp To Acquire Zenabis Global In $235 Million All-Stock Transaction
Hexo Corp (TSX: HEXO) (NASDAQ: HEXO) has evidently entered into a definitive agreement to acquire that of Zenabis Global (TSX: ZENA) in an all share transaction valued at $235 million. The arrangement is to be conducted via a court-approved plan of arrangement. The terms of the arrangement outline that Zenabis shareholders will receive 0.01772 of […]
Talon Metals’ Nickel Project JV Could Make For An Interesting Electric Vehicle Play
Like the prices of many metals which are utilized in the batteries of electric vehicles (EVs), nickel prices have risen significantly over the last few months. Indeed, the silvery-white metal is now trading at a 6+ year high. Nickel is a key element of the cathode of many EV batteries, which itself is the most […]
Pure Extracts Enters Licensing Agreement For Fireball Cannabis Gummies
Pure Extracts (CSE: PULL) this morning announced its first licensing deal for its cannabis extracts operation. The company has formally signed a licensing deal with that of US based Taste-T, LLC for the use of the Fireball cannabis brand in Canada. The arrangement will see Pure obtain exclusive rights for Canada and the first rights […]
McLaren Resources Reveals 2021 Exploration Plans
McLaren Resources (CSE: MCL) this morning announced its 2021 exploration plants for its wholly owned gold properties located in the Timmins district of Ontario. Both its McCool and Kerrs gold properties are to be explored throughout the year. The company has reportedly filed applications with the Ontario ministry for exploration permits for both the McCool […]
Neptune Wellness Sees Revenues Crater 88.4% Quarter Over Quarter
Neptune Wellness (TSX: NEPT) (NASDAQ: NEPT) last night reported dismal third quarter financial results. The company saw revenues decline 88.4% on a quarter over quarter basis, with company posting revenues of just $3.3 million, with a gross loss of $8.9 million reported. The poor revenues were blamed on a “strategic transition” that saw the company […]
Sundial Growers Takes 18.45% Stake In Indiva With $22.0 Million Investment
It appears that despite significant cash holdings, Sundial Growers (NASDAQ: SNDL) remains committed to the Canadian cannabis market rather than that of the US cannabis market. The company this morning announced a $22.0 million strategic investment into that of Indiva Limited (TSXV: NDVA). The arrangement will see Sundial acquire 25.0 million common shares of Indiva […]
NuRAN Wireless Reduces Debt Significantly, Appoints Executives For African Operations
NuRAN Wireless (CSE: NUR) this morning provided a corporate update on its operations. The update placed an emphasis on the firms financial position, with certain debts having been converted to shares. The company has identified that a total of $1.9 million in outside debt owed to 12% senior secured convertible debenture holders has been settled […]
Great Bear Reports Further LP Fault Results, Extends Closing Of $69.9 Million Offering
Great Bear Resources (TSXV: GBR) keeps chugging along with its exploration program at the Dixie project. The company this morning reported further results from the LP Fault, reporting highlight results of 13.07 g/t gold over 16.95 metres and 32.01 g/t gold over 8.10 metres. Data released by the company this morning on assay results has […]