Copper Mountain Mining Prices US$250 Million Secured Bonds
Copper Mountain Mining (TSX: CMMC) this morning announced the pricing of its planned US$250 million in senior secured bonds. The bonds will be used to access 100% of the free cash flow from its Copper Mountain mine. The terms of the bond outline a five year maturity, with expiry in April 2026, while the interest […]
First Cobalt Enters Exclusive Talks For US$45 Million Debt Financing
First Cobalt (TSXV: FCC) is one step closer to beginning construction on its cobalt refinery in Ontario. The company this morning announced that it has entered into an exclusivity agreement for debt financing. The agreement, entered into with an unnamed lender, is for US$45 million in debt financing. The debt is expected to cover the […]
Psyched Wellness Launches Study On Mushroom Extract Focused On Gut Health
Psyched Wellness (CSE: PSYC) this morning issued a very brief press release related to ongoing studies. The firm has initiated yet another study on its proprietary AME-1 extract, this time with the study focused on gut health. To be conducted through the firms contract research organization, KGK Sciences, the study will look to further examine […]
Mind Medicine Boasts Current Cash Position Of US$161 Million
Mind Medicine (NEO: MMED) this morning released its fiscal year 2020 financial results. Given that the firm is pre-revenue, the filings are a relative non-event aside from the glimpse it provides into the firms research activities as well as its ability to continue to fund such research. The fiscal year saw the company use a […]
Interactive Games Tech Shakes Up Management, Sees Strong Growth In India
Interactive Games Technologies (CSE: BETS) this morning released a corporate update, which included certain management changes undertaken by the company. Also released was an update on the current growth being exhibited by the firms assets in India. With respect to the firms corporate update, the company this morning announced that Chris Neville will no longer […]
Killi Ltd Sets Date For Five To One Share Consolidation
Killi Ltd (TSXV: MYID) this morning set the effective date for a share consolidation. The consolidation will see shareholders receive one share for every five shares of the firm previously held. Originally announced back in February, the share consolidation was approved by the firms board of directors following the approval by shareholders last May. The […]
Graph Blockchain Acquires Cardano For Proof Of Stake Mining
Graph Blockchain (CSE: GBLC) this morning announced that it placed capital into Cardano, a digital currency, for the purpose of staking. The capital deployment is in relation to the firms previously announced strategy to focus on both Cardano and Polkadot for proof of stake mining. A total of $300,000 was reportedly allocated for the purpose […]
Purepoint Uranium Completes Drill Program, Plans For Additional Exploration
Purepoint Uranium Group (TSXV: PTU) this morning announced that it has completed the winter drill program at its Hook Lake project, with demobilization now underway at the project. Following this, and in conjunction with current sentiment for uranium-related firms, the company also announce that it will recommence exploration at other properties currently held by the […]
Vireo Health: Canaccord Reiterates After Q4 Results
Last week, Vireo Health (CSE: VREO) released their fourth quarter and year-end 2020 financial results. The company recorded total GAAP revenue of $12.4 million and $49.2 million, a 38% and 64% increase for the fourth quarter and year-end respectively. Most notably, the company had reported its first quarter of breakeven adjusted EBITDA. Vireo Health currently […]
Hut 8 Mining: Ethereum Equipment Purchase Likely Bid To Boost Valuation
On March 26, Hut 8 Mining Corp. (TSX: HUT) agreed to purchase US$30 million of NVIDIA Corporation’s new crypto mining-specific graphics processing units, also called Cryptocurrency Mining Processors (CMPs). The purchased CMPs, which have an aggregate operating capacity of 1.6 Terahash per second (TH/s) and will be delivered this summer, will allow Hut 8 to expand […]