Building Construction Costs Are Surging Across Canada Amid Lumber Shortages, High Demand
Costs for both residential and non-residential building construction across Canada rose by the most last quarter, amid low lumber supply and surging demand for housing amid the pandemic. According to Statistics Canada, prices for residential building construction jumped 5.6% in the first quarter of 2021, marking the largest increase on records dating back to 2017. […]
Copper Prices Could Soar to $20,000 Per Ton Amid Low Inventories, High Demand
The world may soon face a copper shortage, as widening supply and demand deficits threaten to push the price of the metal to $20,000 per metric ton before 2025. According to a note published by Bank of America commodity strategist Michael Widmer and later seen by CNBC, copper inventories have fallen to levels not witnessed […]
Denison Mines: Canaccord’s Take On The JCU Exploration Offer
Earlier this week, Denison Mines Corp. (TSX: DML) announced that they sent an offer to Overseas Uranium Resources to acquire 100% ownership in its JCU Exploration Company. The company owns a number of uranium JV’s in Canada including a 10% interest in Denison’s Wheeler River project. Denison’s offer is for $40.5 million in cash which […]
O2Gold Discovers Two New Veins At Otu Centro Gold Project
O2Gold (TSXV: OTGO) this morning released that it has identified two new vein systems at its Otu Centro Gold project, located in Segovia, Colombia. The announcement was part of an updated related to the first work the company performed on the recently acquired property. The two newly discovered vein systems were found following a mapping […]
Zenabis Sees Two Proxy Firms Recommend Hexo Transaction
Zenabis Global (TSX: ZENA) this morning indicated that two independent proxy advisors have recommended that shareholders approve the proposed merger with that of Hexo Corp (TSX: HEXO) (NYSE: HEXO). Both Institutional Shareholders Services and Glass Lewis have provided the recommendation that shareholders approve of the amalgamation between the two Canadian cannabis operators at the upcoming […]
Graph Blockchain Expands Proof Of Stake Mining To Include Tezos
Graph Blockchain (CSE: GBLC) has expanded its portfolio of alt coins for the purpose of proof of stake mining. The company this morning announced that it has diversified its operations to include the altcoin Tezo, also known as XTZ. The company indicated that it has acquired a total of 100,000 tokens of the altcoin in […]
GoGold Closes $28.8 Million Bought Deal Financing
GoGold Resources (TSX: GGD) this morning announced the closing of its previously announced bought deal financing. The financing saw the company raise total gross proceeds of $28.8 million, with the over-allotment option being exercised in full. The financing saw a total of 11.5 million common shares of the issuer sold at a price of $2.50 […]
Cronos Group Posts Revenues Of $12.6 Million, Net Loss Of $161.6 Million
Cronos Group (TSX: CRON) (NASDAQ: CRON) this morning reported its first quarter financial results, leaving investors yet again asking why this company has over a three billion dollar valuation. The company recorded revenues of $12.6 million, along with a net loss of $161.6 million. Revenues were down 26% on a quarter over quarter basis, falling […]
Delta 9 Cannabis Guides To Q1 Revenues Between $12.9 – $13.3 Million
Delta 9 Cannabis (TSX: DN) last night provided guidance for its first quarter financial results, wherein the company anticipates revenues to come in between $12.9 million and $13.3 million. Full financial results are expected to be released May 17 by the company before the opening of markets. The guidance provided by the company effectively amounts […]
Bitfarms Approved To List On Nasdaq
Bitfarms Ltd (TSXV: BITF) is the latest Canadian venture to be approved for listing on the US big boards. The company this morning announced that it has been approved to list on the Nasdaq, where it is to trade under the ticker symbol “BITF”. A firm date for the first day of trading was not […]