Valens Company Posts $18.8 Million In Q2 Revenue, Misses Consensus Estimates
Last night, The Valens Company (TSX: VLNS) reported its second quarter financial results. The firm posted net revenues of $18.8 million, a decline quarter over quarter, along with a net loss of $8.7 million for the three month period. Revenues were down 6.2% on a quarter over quarter basis, with the company posting revenues of […]
Nestle Looks to Lab-Grown Meat Market for Next Endeavour
With plant-based diets becoming increasingly popular, Nestle, the world’s largest food company, has decided to explore opportunities in the cultured-meat market, which could see the relatively unheard of technology brought into the mainstream. According to Bloomberg, which cited people familiar with the matter, Nestle has been in the midst of exploring options for alternative meat […]
Inca One Gold: Increasing Revenues From Peru Gold Operations
Inca One Gold Corp (TSXV: INCA) is a Vancouver-based gold producer operating two fully permitted gold processing facilities in Peru, the world’s sixth-largest gold producer. Inca One is in its sixth year of commercial gold production in Peru, and was the first publicly-traded gold processing company to be granted permitting under Peru’s formalization legislation. Under […]
SEC Charges All Sides of SPAC Transaction Including CEOs Over Misleading Claims
Wall Street’s latest beloved darlings, SPACs, or special purpose acquisition companies, may soon meet their demise, as the SEC tightens its crackdown on the $100 billion frenzy. On Tuesday, the SEC announced that it has charged blank-check company Stable Road Acquisition Corp (NASDAQ: SRAC), its proposed merger target space exploration company Momentus Inc, its sponsor […]
Hive Blockchain: Not Just A Bitcoin Company – The Daily Dive
Joining us for the mid-week episode of the Daily Dive is Darcy Daubaras, the CFO of Hive Blockchain (TSXV: HIVE) (NASDAQ: HVBT). Darcy joins us this afternoon to discuss the recent uplisting to the Nasdaq, the diversified nature of the company between Ethereum, Bitcoin, and other operations, as well as recent actions globally within the […]
Global Oil Supply Slated to Tighten if OPEC Fails to Increase Production
The global oil market may soon experience tighter supply levels, especially if OPEC and its allies are unable to set their differences aside and ramp up production levels. According to the International Energy Agency (IEA), the global demand for oil is slated to undergo a significant rebound, especially as Covid-19 travel restrictions lift, vaccination rates […]
Building Construction Investment Cools Off 1.9% in May
Investments into Canadian building construction fell slightly in May, marking the first decline in seven months. According to Statistics Canada, the money pouring into construction projects across Canada cooled off in May, falling by 1.9% to a total of $19.4 billion. For the first time since April of last year, investment into residential construction was […]
Augusta Gold Reports 880,000 Ounces Of Gold In Maiden Resource Estimate At Bullfrog
Augusta Gold Corp. (TSX: G) today released the results of its maiden mineral resource estimate for its Bullfrog Gold project in Nevada, USA. The project’s maiden mineral resource estimate includes 254,542 metres of drilling, within a total of 1,287 holes. Augusta has estimated the project to contain 880,000 gold ounces at the project on a […]
Magna Gold Produces 11,713 Gold Ounces In Q2 2021
Magna Gold Corp. (TSXV: MGR) today released production results for the month of June 2021, as well as for the full second quarter. The company has reported the achievement of record numbers for gold production and strip ratio statistics on a monthly basis. Magna saw the production of 5,398 ounces of gold during the final […]
Orla Mining Closes $43.2 Million Financing
Orla Mining Ltd. (TSX: OLA) announced today that it has recently closed its previously announced non-brokered financing. The offering was reportedly participated by Canadian businessman Pierre Lassonde, Agnico Eagle Mines (TSX: AEM), and Trinity Capital Partners. The financing raised total gross proceeds of $43.2 million from issuing 9,085,263 common shares at $4.75 per share. No […]