Psyched Wellness Completes Maximum Tolerated Dosage Study For Amanita Muscaria Extract AME-1
Psyched Wellness (CSE: PSYC) this morning issued a brief press release related to the ongoing pre-clinical trial of its muscimol extract, referred to as AME-1. The firm has received the results from its maximum tolerated dosage study, which was conducted through that of KGK Science. The study is the first set of toxicology assessments being […]
Medipharm Labs To Raise $20 Million Via Bought Deal Financing
Medipharm Labs (TSX: LABS) this evening announced that it will be conducting a bought deal financing. The financing will see the company raise $20.0 million in a deal lead by Cantor Fitzgerald. The financing will see the company raise funds at a price of $0.58 per unit, with a total of 34.5 million units expected […]
US Manufacturers Face Growing Steel Shortage, Call on Removal of Trump’s Tariffs
The coronavirus pandemic has created significant global shortages of numerous commodities, causing spot prices to soar to near-record highs. The latest shortage to grapple the commodities market has been steel, as a number of US manufacturers face struggles to meet new and pent-up demand. According to a recent report by Reuters, numerous US steel manufacturers […]
Citigroup: Bitcoin Could Become ‘Currency of Choice’ For Global Trade
The largest cryptocurrency in the world, Bitcoin, climbed back up to above US$48,000, following a Citi report suggesting the digital currency has the potential to become the preferred currency for international trade. According to the report, Citi predicts that Bitcoin’s recent price rally was the result of growing involvement of institutional investors, many of which […]
GMV Minerals Plans 3,050 Metre Drill Program To Expand Current Resource
GMV Minerals (TSXV: GMV) announced this morning that is has planned an expansion drill program for its flagship Mexican Hat project located in Cochise County, Arizona. Upon the completion of permitting, two further drill programs are to take place on the property. The targeted area for the expansion program consists of three separate areas that […]
Silver: Bullish But Not Because Of The Squeeze – The Daily Dive feat Peter Grandich
Starting off the week for The Daily Dive is that of Peter Grandich of Peter Grandich & Company, and the author of “Confessions of a Former Wall Street Whiz Kid.” Peter joins us today to discuss the hot topic of silver, whether a Biden stimulus package is baked into the markets, and his preferred jurisdictions […]
Canaccord: Alamos Gold’s Fourth Quarter Results Are “A Home Run”
Last week Alamos Gold (TSX: AGI) reported their fourth quarter and year end financial results for 2020. For the fourth quarter, the company generated free cash flow of C$58 million, which is its second consecutive quarter of strong free cash flow. Net cash flow from operations was C$131.4 million, a 69% increase year over year, and […]
Valens: Canaccord Drops Price Target To $3.50 Following Earnings
Last week, The Valens Company (TSX: VLNS) reported fourth quarter and year end financial results. The company reported fourth quarter revenues of C$16 million and a net loss of C$16.6 million. For the full year, the company reported net revenue of C$83.8 million. Valens currently has eight analysts covering the company with a weighted 12-month […]
Victoria Gold Guides To 180,000 To 200,000 Ounces Of Gold Production For 2021
Victoria Gold Corp (TSX: VGCX) this morning released production and cost guidance for 2021 for its year round operation at the Eagle Gold Mine in Yukon Territory, Canada. The company currently anticipates gold production between 180,000 and 200,000 ounces. The production guidance follows commercial production and operational ramp up occurring throughout 2020 for the company. […]
DigiMax Closes $5.1 Million Financing, Sees Strong Subscriber Growth For Crypto App
On Friday Evening, DigiMax Global Solutions (CSE: DIGI) announced the closing of its final tranche of its non-brokered private placement. Gross proceeds of $3.0 million were raised within the tranche, bringing total proceeds from the financing to $5.1 million. Under the terms of the offering, units were sold at a price of $0.35, with each […]