Lucid Motors: Merger with SPAC Sponsor Expected to Close Around July 23
According to a Form S-4 filed with the U.S. Securities and Exchange Commission (SEC) on June 11 by Churchill Capital Corp IV (NYSE: CCIV), the merger between Lucid Motors and special purpose acquisition company (SPAC) sponsor CCIV could close on or around July 23. The new company will be named Lucid Motors and trade on […]
US Existing Home Sales Fell 0.9% in May as Surging Prices Push Potential Homebuyers Out of Market
Sales of existing homes declined for the fourth consecutive month in May, as surging prices and low inventory supply pushed some potential homebuyers out of the real estate market. According to latest data published by the National Association of Realtors, existing home sales fell 0.9% in May to a seasonally adjusted rate of 5.8 million […]
Superior Gold: Haywood Focuses On The Potential Catalysts
Superior Gold Inc. (TSXV: SGI) has had a busy week. On June 21, the company announced that they delivered the final 1,320 ounces of gold to repay their loan. They expect that this repayment increased their future operating cash flow by U$2.4 million per quarter. Then on June 23, they announced drill results from its […]
Gage Growth: Focused On Brand Building In Michigan – The Daily Dive
For our final episode of the Daily Dive this week, our host Cassandra Leah sits down with Fabian Monaco, CEO of Gage Growth Corp (CSE: GAGE). Fabian sits down with us this morning to discuss the Michigan cannabis market, and the unique business model Gage utilizes with its growers. Also addressed is expansion plans for […]
Emerita Increases Bought Deal Financing To $16.0 Million
Emerita Resources (TSXV: EMO) evidently has strong investor demand for its equity. The company this afternoon announced that it has upsized its previously announced private placement, bringing the total bought deal financing to $16.0 million. Under the terms of the financing, the company will be selling a total of 14.5 million units at a price […]
Plug Power: Canaccord Halves Price Target After Q1 Results
On June 22nd, Plug Power (NASDAQ: PLUG) announced their first-quarter results, The company announced net revenues of $71.96 million, up 71% year over year. The company had a gross loss of $12.17 million and a net loss of $60.74 million. The stock reacted favourably ending the day up almost 14% to $34.02. Two analysts downgraded […]
Akumin To Acquire Alliance HealthCare For US$820 Million
Akumin Inc. (TSX: AKU) announced this morning that it has entered into an agreement to acquire radiology firm Alliance HealthCare Services for aggregate proceeds of US$820.0 million. The company, through its subsidiary Akumin Corp., is acquiring all issued and outstanding shares of Thaihot Investment Company, the sole parent company of Alliance. The acquisition will be […]
SKRR Exploration Approved To Acquire Father Lake Nickel Property In Saskatchewan
SKRR Exploration Inc. (TSXV: SKRR) announced today that it has secured the approval of the TSX Venture Exchange to acquire 100% interest in Father Lake nickel property in Saskatchewan, Canada. The property currently holds 9 mineral claims and covers an area of 4,727.382 hectares. The Father Lake property is located in mineral-rich province of Saskatchewan, […]
Alcanna Announces Share Buyback Program
Alcanna Inc (TSX: CLIQ) this morning announced that it intends to conduct a share buyback program. The program, if approved, is set to begin July 5 and occur over a 12 month period. Under the proposed normal course issuer bid, Alcanna is looking to repurchase up to 10% of its outstanding public float. With a […]
B2Gold Seeks International Arbitration Against Mali For Menankoto Permit
B2Gold Corp. (TSX: BTO), through its Malian subsidiary Menankoto SARL, announced Thursday that it has formally launched international arbitration proceedings against the Republic of Mali. The move is the latest update on securing the Menankoto deposit exploration permit, where the company alleges that the Malian government breached its obligations per the country’s mining laws. The […]