Inca One Reports 94% Increase In Gold Production For May
Inca One Gold Corp (TSXV: INCA) this morning reported its production results for the month of May. The company saw the most productive May on record, with gold production improving 94% on a month over month basis to 2,219 ounces. Gold production was up to 2,219 ounces from the 1,141 ounces produced during the month […]
SSR Mining Expands Existing Credit Facility To US$200 Million
SSR Mining (TSX: SSRM) (NASDAQ: SSRM) this morning indicated that it has expanded its existing credit facility. The expansion will see the undrawn revolving credit facility increase in size from US$75 million to that of US$100 million. It’s unclear what specifically the firm intends to utilize the facility for, given that it was previously undrawn, […]
High Tide Sees Senior Secured Debt Converted To Equity
High Tide Inc. (TSXV: HITI) (NASDAQ: HITI), this morning announced that the company’s senior secured lender has elected to convert “substantially” all of its debt held with the company. The firm however did not specifically identify exactly how much debt was converted to equity, or at what price. The company is reportedly looking to eliminate […]
Rockland Resources Selects 2021 Drill Contractor
Rockland Resources (CSE: RKL) has begun the process of exploration at its Cole Gold Mine Property in the Red Lake region of Ontario. The company yesterday announced that it has contracted a drilling firm for its initial drill program on the property. The maiden drill program to be conducted on the property by Rockland is […]
Janet Yellen: Higher Interest Rates Would be Good for US Economy
US Treasury Secretary Janet Yellen once again reiterated her stance on “transitory” inflation, and suggested that the Biden administration should continue with its $4 trillion spending initiatives, despite the potential of higher interest rates come next year. “If we ended up with a slightly higher interest rate environment it would actually be a plus for […]
United Lithium: Advancing Two European Lithium Projects
United Lithium Corp. (CSE: ULTH) is a relatively new Canadian lithium exploration company that is actively developing several projects to supply the rapidly growing battery industry with the lithium needed to power electric vehicles (EVs). Lithium is a critical element necessary for manufacturing Lithium-Ion batteries and demand is currently exceeding supply. The world is quickly […]
Tesla Shares Slip After Musk Cancels Model S Plaid+ Sedan
Tesla suffered yet another setback in the stock market on Monday, after its CEO, Elon Musk, tweeted that the automaker’s production of the luxury Model S Plaid+ sedan will be cancelled. The EV-maker’s shares plummeted by more than 2% come Monday in pre-market trading, and are currently down over 30% since a record-high of $885 […]
Air Canada Senior Execs to Return 2020 Bonuses Following Ire From Ottawa
Despite receiving $5.9 billion in emergency government aid to help alleviate pandemic-related financial hardships, it appears that Air Canada’s top executives still received their 2020 bonuses. However, it was only after Ottawa signalled its annoyance with the situation did the executives agree to return their generous compensation. The Covid-19 pandemic brought domestic and international air […]
Carbon Streaming: Bringing An Old Model To A New Industry – The Daily Dive feat Justin Cochrane
Starting the week off on the Daily Dive is that of Justin Cochrane, CEO of Carbon Streaming Corp (OTC: MXVDF). Justin joins us this afternoon to discuss the working model of Carbon Streaming, wherein they bring an old school model – royalty streaming – to a new sector: carbon credits. Also discussed is the latest […]
Biogen Wins Approval with FDA for Alzheimer’s Drug
This morning Biogen (NASDAQ:BIIB) received approval from the FDA for their Alzheimer’s drug aducanumab. The FDA decision marks the first new Alzheimer’s disease drug since 2003 to receive approval and the first that aims to slow disease progression. The drug aims to remove sticky deposits of a protein called amyloid-beta from the brains of patients […]