Miami Welcomes Bitcoin Miners to Take Advantage of its Clean Nuclear Power
Miami may soon become the latest hotspot for crypto mining, as its mayor welcomes foreign mining companies to build data centers in the city. The city’s mayor, Francis Suarez revealed to CNBC in an interview that Miami’s abundant nuclear energy supply serves as an attractive hub for bitcoin miners that are looking for a more […]
Boxed Inc: SPAC Transaction Illustrates That Enthusiasm Toward SPACs Remains Extremely High
As a reflection of SPAC sponsors’ and perhaps investors’ appetite for risk and willingness to utilize optimistic assumptions as the basis for SPAC valuations, grocery courier Boxed Inc. and Seven Oaks Acquisition Corp. (NASDAQ: SVOK) agreed to merge on June 14. In broad terms, Boxed Inc. expects that its revenues will total just over US$1 […]
Canaccord Downgrades Alimentation Couche-Tard Ahead Of Q4 Results
Ahead of Alimentation Couche-Tard’s (TSX: ATD.B) fiscal fourth-quarter results, Canaccord Genuity has downgraded the company from a Buy to a Hold, while reiterating their C$46 price target. Derek Dley, their analyst, says they are downgrading the name in anticipation of the next few quarters having hard year-over-year comparables. This is due to the extremely high […]
Jerome Powell Renews Fed’s Inflation Forecast Ahead of House Panel Testimony
Federal Reserve Chairman Jerome Powell has finally acknowledged that inflation has indeed picked up significantly, but insisted that any underlying price pressures will subside back to the central bank’s target rate of 2% once supply shortages resolve. In a series of written remarks Powell prepared ahead of his testimony before the House Select Subcommittee on […]
CannTrust Sees Three Former Executives Charged With Fraud Among Other Items
It appears that Canadian regulators might be finally stepping up to the plate. It was announced this morning that several former officers and directors of CannTrust Holdings (OTC: CNTTQ) have been charged with Securities Act offences. The charges notably relate to the drama that surrounds CannTrust and the growing of cannabis in illegal grow rooms, […]
Western Copper and Gold Reports $2.3 Billion After Tax NPV For Casino Deposit
Western Copper and Gold Corporation (TSX: WRN) shared today the results of its preliminary economic assessment for its wholly-owned Casino copper-gold-molybdenum deposit in the Yukon. The results highlighted a $2.3 billion after-tax NPV8% and 19.5% after-tax IRR. The company also recorded potential total mineralized material mined of 1.3 billion tonnes over 25 years life of […]
Halo Collective Realigns International Assets To Form African Medical Cannabis Company
US-based cannabis company Halo Collective Inc. (NEO: HALO) announced this morning that its board has approved reorganizing its non-US assets, Bophelo Bioscience & Wellness and Canmart, to form Akanda Corp. The company plans to position Akanda as a player in the African cannabis industry. Akanda will take advantage of Lesotho-based Bophelo’s production capabilities, including a […]
Kinross Gold Resumes Mining Operations At Tasiast After Fire Incident, Reduces Guidance
Kinross Gold Corporation (TSX: K) announced today that work has resumed at its Tasiast mine. The company suspended operations at the mine following a fire incident last Tuesday. The mining firm has resumed mining activities at Tasiast mine and construction work on the Tasiast 24k expansion project. On the other hand, the SAG mill operations […]
Vizsla Silver Reports On Fourteen Holes At Napolean Prospect
Vizsla Silver Corp. (TSXV: VZLA) today provided results for fourteen drill holes conducted at the Napoleon prospect at their Panuco gold-silver project in Mexico. Among the results was a highlight figure of 898 g/t silver equivalent over 8.36 metres true width within hole NP-21-112. The program is ongoing with five rigs carrying out further resource […]
Purepoint Uranium Reports Initial Results From Red Willow Drill Program
Purepoint Uranium Group Inc. (TSXV: PTU) today released an update on their drilling program at the company’s Red Willow project within the Geneva zone within the Athabasca Basin of Saskatchewan. For the 2021 drill program, the company focused on the Geneva Shear, where three holes averaged 245 metres in length with an aggregate 729 metres […]