Volocopter And CAE Partner To Design An eVTOL Pilot Training Program
CAE Inc. (TSX: CAE) and Volocopter, today announced the signing of a partnership for the development, certification, and deployment of a pilot training program for eVTOL (electric vertical takeoff and landing) operations. The partnership remains subject to a definitive agreement. A forecasted investment of up to US$40 million substantiates CAE’s commitment to expanding the company’s […]
Kirkland Lake Gold Drills 17.0 Metres Of 7.19 G/T Gold At Detour Lake
Kirkland Lake Gold Ltd. (TSX: KL) reported today the results from 43 holes drilled at the Detour Lake property. Gold intersections highlighted 7.19 g/t gold over 17.0 metres. These assays are the sixth batch of results from the 270,000-metre exploration program at the property targeted to be completed by the end of 2021. The program […]
Mansa Exploration Closes Acquisition Of Wheeler Resources
Mansa Exploration (CSE: MANS) last night announced the closing of the acquisition of Wheeler Resources, resulting in the closing of the RTO transaction. Wheeler brings with it what is referred to as the Wheeler Property, which is based in Newfoundland. The Wheeler Property consists of a total of 790 mineral claims across a total of […]
StorageVault To Acquire Two GTA Locations, Provides No Details
StorageVault Canada (TSXV: SVI) this morning announced that it will be acquiring two additional locations within the Greater Toronto Area. The locations have been acquired for an aggregate figure of $11.1 million. Little detail was provided by the company on the locations, with it being unclear what specifically the company has actually acquired. The locations […]
Vista Gold Upsizes Bought Deal To US$13.5 Million
Vista Gold (TSX: VGZ) last night announced a bought deal financing. Originally pegged at US$8.0 million, the financing was subsequently increased to $13.5 million following strong demand from investors. The financing, lead by H.C. Wainwright & Co, will see the company sell a total of 12.3 million units at a price of US$1.10 per unit. […]
O3 Mining Reports 4.7 g/t Gold Over 3.8 Metres At Marban
O3 Mining Inc. (TSXV: OIII) this morning provided an update on its ongoing drill program at its Marban property. A total of nine holes were released by the company, which were focused on the open-pittable deposits at Marban. Notably, drill results included holes drilled between the Kierens-Norlartic deposits. Here, results confirmed the potential for expanded […]
Newlox Gold Identifies Three Prospective Brazil Plant Locations
Newlox Gold Ventures (CSE: LUX) continues to keep an eye focused on growth. The firm this morning provided an update on its recent entrance into the Brazil gold industry, where it is focused on developing ESG-based precious metals projects in partnership with artisanal miners. The company reportedly has identified three potential regions for deploying its […]
Foran Mining Sees Fairfax Financial Invest $100 Million To Advance Carbon Neutral Mining Initiative
Foran Mining (TSXV: FOM) this morning announced that it has completed its previously announced private placement with Fairfax Financial, albeit on slightly modified terms. The arrangement saw the insurer invest a total of C$100 million into Foran, in support of building the first carbon neutral copper mine in Canada. Originally set to take place in […]
Bitcoin Slumps as the PBOC Cracks Down on Company Providing Crypto-Related Services
Bitcoin slumped further on Tuesday, after China’s central bank announced an even tighter crackdown on cryptocurrencies. The world’s largest cryptocurrency saw much of its gains erased Tuesday morning, after the People’s Bank of China (PBOC), along with the financial regulator in Beijing, revoked a business license belonging to a company that was issuing software services […]
Binance Suspends Euro Bank Deposits From SEPA Network
The ongoing regulatory crackdown against virtual currencies has zeroed in on Binance as of late, as the crypto exchange has now been forced to discontinue euro bank deposits from one of Europe’s main payment networks. In late June, Binance revealed that it will no longer offer its services to customers in Ontario, after the province’s […]