Tesla Reveals $1.5 Billion In Bitcoin Holdings Following Revised Investment Policy That Includes Gold
Tesla Inc (NASDAQ: TSLA) this morning indicated in a filing that it has revised its investment policy to include alternative reserve assets, including “digital assets, gold bullion, gold exchange-traded funds and other assets as specific in the future.” The text following this announcement indicated that the company has invested an aggregate of $1.50 billion in […]
Monarch Mining Releases Updated Resource Estimate For McKenzie Break
Monarch Mining (TSX: GBAR) this morning released an update mineral resource estimate for its McKenzie Break property, located north of Val-d’Or Quebec. The updated estimate has reportedly seen a 44% increase in indicated gold resources, and close to a 300% increase in inferred gold resources. The updated resource estimate is a result of drilling that […]
Village Farms Repays Debt Owed To Emerald Health Therapeutics
Village Farms (TSX: VFF) (NASDAQ: VFF) this morning announced that it has materially cleaned up its balance sheet. The company has repaid certain promissory notes owed to that of Emerald Health Therapeutics (TSXV: EMH) in connection with the firms stake in Pure Sunfarms. The company has now repaid in full $19.9 million owing under the […]
Great Bear Intersects 13.38 G/T Gold over 18.15 Metres At LP Fault
Great Bear Resources (TSXV: GBR) this morning issued a brief news release, revealing further drilling assays from a total of three holes drilled on the same section of the LP Fault at its flagship Dixie Project. The highlight from this mornings results consists of 13.38 g/t gold over 18.15 metres. The highlight result comes from […]
Hexo Appoints US General Manager, Signaling Step Into US Operations
Hexo Corp (TSX: HEXO) (NYSE: HEXO) this morning announced the appointment of a general manager of US operations. The move is believed to have been intended as a signal to the market that the company intends to place an emphasis on cannabis-related markets south of the border. Charles Bowman, an experienced operator in the health […]
Well Health To Acquire CRH Medical For US$369.2 Million
Well Health Technologies (TSX: WELL) this morning continued with its strategy of acquiring medical-related assets, with its latest target being that of CRH Medical Corporation (TSX: CRH) (NYSE: CRHM). The company this morning announced the acquisition of the publicly listed firm for total consideration of US$369.2 million, which is inclusive of an outstanding credit facility. […]
Air Canada Refuses to Reveal State of Passenger Refunds Despite Seeking Bailout Package: Advocacy Group
One consumer advocacy group suggests that Air Canada has not been forthright about its customer refunds, despite still requesting financial aid from the federal government. Over the past several months, a number of Canadian airlines have been locked in talks with the federal government regarding the terms of a bailout for the sector. A key […]
NG Energy: Fueling Colombia’s Future With Natural Gas
NG Energy International Corp. (TSXV: GASX) is a Vancouver-based exploration company that is developing several natural gas fields in the South American country of Colombia. The company is headed by a seasoned Colombia-based management team that has worked in Colombia for many years, with executives having come from the likes of Gran Colombia Gold, Caldas […]
Canada’s Unemployment Rate Jumped to 9.4% in January Amid Tougher Covid-19 Restrictions
Employment levels in Canada took a nosedive in January, after numerous regions imposed stricter lockdowns and shut down close-contact businesses, erasing months of job gains. According to the Statistics Canada’s Labour Force Survey, the economy lost a total of 212,800 jobs in January, increasing the unemployment rate by 0.4% to 9.4%. A Bloomberg survey of […]
Canada Silver Cobalt Works Has Major Silver Discovery in Northern Ontario
Canada Silver Cobalt Works Inc. (TSXV: CCW) has announced numerous positive assay results which confirm the discovery of high-grade silver in the Robinson Zone of its flagship Castle Silver project in northern Ontario. The company has so far discovered five heavily mineralized veins, as well as 0.3 meters of high-grade visible gold with a gold […]