Sprott Physical Uranium Trust Announces US$1.0 Billion ATM To Fund Further Uranium Purchases
It looks like the Sprott Physical Uranium Trust (TSX: U.UN) is looking to capitalize on recent positive sentiment. The fund this morning, by way of Sprott Asset Management, announced that it would be conducting a massive US$1.0 billion at-the-market financing to raise further funds. The financing follows a previously announced ATM program, whereby the firm […]
KetamineOne Expands Offerings Of IRP Health With New Partnership
KetamineOne Capital (NEO: MEDI) is evidently looking to expanding its service offerings. The firm this morning revealed that it has entered into an arrangement with a group to provide psychology, therapy, dietary, and other health services to its clients. The arrangement, signed with Psychology & Counselling Services Group, will see the aforementioned health services provided […]
Khiron Life “Renews” Buyback Program, Last Program Was A Bust
Khiron Life Sciences (TSXV: KHRN) this morning announced that it is renewing its normal course issuer bid program, which is more commonly referred to as share buybacks. The program is classified as a renewal despite the firms share count expanding multiple times over the last year. Under the prior program, the company was able to […]
Datametrex Raises COVID-19 Test Kit Guidance To $50 Million For 2021 From Single Client
In a rare move within the small cap space, Datametrex AI (TSXV: DM) has provided an update on guidance provided over a year ago. The guidance originally pertained to an arrangement signed with what was classified as a “major worldwide media & entertainment company.” Under the original guidance, the firm expected the agreement to provide […]
Central Banks Cast Doubt on Bitcoin’s Store of Value as Cryptocurrency Grows in Popularity
Although the price of the world’s largest cryptocurrency continues to grow amid escalating popularity, a number of major central banks have been raising doubts about the long-term utility of bitcoin and its inherent volatility. During a recent Stockholm banking conference, Sweden’s central bank Governor Stefan Ingves warned that bitcoin’s value could dramatically plummet, and compared […]
Uranium Miners enCore Energy and Azarga Uranium Agree to Merge; Both Stocks May Be Ahead of Themselves
On September 7, enCore Energy Corp. (TSXV: EU) announced an agreement to buy Azarga Uranium Corp. (TSX: AZZ) in a share-for-share exchange agreement. Shareholders of Azarga, a U.S.-focused uranium development company, will receive a minimum of 0.375 shares of the bigger company enCore, a firm with a similar focus, per share held. The exchange ratio […]
Top Democrats Unveil 2% Tax on Share Buybacks in Effort to Fund Biden’s Spending Agenda
Senior Democrats are proposing a new 2% tax on share buybacks by US corporations, in an effort to create new revenue streams for Biden’s ambitious spending initiatives. On Friday, Senate banking committee chair Sherrod Brown and Senate finance committee chair Ron Wyden, two of the top Democrats overlooking the financial sector, unveiled a new bill […]
U.S. House Democrats Propose Generally Positive Changes to Electric Vehicle Purchase Incentives
On September 10, Democratic members of the U.S. House Ways and Means Committee proposed updated and generally enhanced incentives for buyers of electric vehicles (EVs), especially EVs manufactured in the U.S. by union employees. As such, the Big Three automakers (General Motors (NYSE: GM), Ford (NYSE: F) and Stellantis, the parent of Chrysler) would be helped, […]
Litecoin Falls After Walmart Fake News Fiasco
It appears that cryptocurrencies are full steam ahead towards regulation. That is, at least after this mornings events surrounding Litecoin and Walmart (NYSE: WMT). This morning, it appears that what is now referred to as a fake news release, was distributed via “Walmart” on GlobeNewsWire. The now pulled release, titled “Walmart Announces Major Partnership With […]
Dollarama: Canaccord Maintains $57 Price Target
On September 9, Dollarama Inc (TSX: DOL) reported their fiscal second quarter results for the period ending August 1, 2021. The company announced revenue growth of 1.6% year over year to $1,029.3 million. Gross profit grew 0.4% to $387.08 million. Gross margins for the quarter came in at 43.4% while the operating margin was 21.4%. […]