Natural Gas Prices Sent Skyrocketing Amid Concerns Over Tight Supplies
The price of natural gas has soared to a 13-year high, as fears over scarcity ahead of the winter months intensifies. October futures for natural gas jumped by more than 10% on Monday to close at US$5.86 per million Btu, marking the sharpest increase since February. November futures were also up on Monday, hitting a […]
Maverix Acquires Gold Stream From Auramet For US$50 Million
Maverix Metals Inc. (TSX: MMX) announced on Monday that it has reached an agreement with Auramet Capital Partners to acquire a gold stream. The transaction is expected to see an “immediate increase to [Maverix’s] annual attributable gold equivalent ounces and cash flow”. Pursuant to the agreement, the gold-focused streaming company will make a US$50 million […]
Nighthawk Gold Drills 2.69 G/T Gold Over 17.0 Metres At 24/27 Deposits
Nighthawk Gold Corp. (TSX: NHK) reported today the assay results from 17 drill holes completed at 24 out of 27 deposits located within the Indin Lake Gold property in Northwest Territories. Gold intercepts highlighted 2.69 g/t gold over 17.0 metres. The mining firm is currently conducting phase I of its 2021 exploration program on the […]
Prime Meridian Stakes Additional Claims At Kelly PGM-Copper-Nickel Property
Prime Meridian Resources (TSXV: PMR) this morning announced the expansion of its Kelly property. Situated just east of the Sudbury Basin of Ontario, the property is said to be focused on a platinum group metal-copper-nickel discovery. The expansion announced this morning comes through recent staking, with the firm adding a further block of claims to […]
C21 Investments Records US$9.0 Million In Revenue, Net Income For Fiscal Q2 2022
C21 Investments Inc. (CSE: CXXI) released today its fiscal second-quarter 2022 financial results, which saw the company post US$9.0 million in revenue. This is a marginal decrease from Q1 2022’s revenue of US$9.2 million. The cannabis firm said that the 1.9% decrease in quarterly revenue is “in line with similar industry trends seen in the […]
Datametrex Diversifies Covid-19 Testing Division Into Cruise Industry
Datametrex AI (TSXV: DM) showed its cards this morning without formally naming names in its latest development. The firm has expanded its Covid-19 testing service, with the service as of this morning signing an arrangement with the entertainment operations and talent department for a cruise line that is reportedly “owned by one of the world’s […]
Village Farms Acquires Option To Take 80% Stake In Dutch Cannabis License Holder
Village Farms (TSX: VFF) is evidently focused on the international markets. The company this morning revealed that it has entered into an option agreement to acquire an 80% stake in Leli Holland BV, a Netherlands-based cannabis license holder. The option itself is said to have been acquired for EUR50,000, with the option enabling the firm […]
Agnico Eagle, Kirkland Lake Gold To Merge With Expected Total Mineral Reserve Of 48 Million Gold Ounces
Agnico Eagle Mines Limited (TSX: AEM) and Kirkland Lake Gold Ltd. (TSX: KL) announced today that they have entered into a merger agreement. The two firms claim that the resulting combination, which will still operate under the Agnico Eagle name, is expected to be “the gold industry’s highest-quality senior producer”. Under the agreement, each Kirkland Lake […]
Ventripoint Looks To Raise $5.0 Million Via Bought Deal
Ventripoint Diagnostics (TSXV: VPT) this evening was halted for trading, ahead of announcing that the company will be conducting a bought deal offering of units. The financing will see the company raise gross proceeds of $5.0 million. Lead by Leede Jones Gable and Stifel GMP, the financing will look to sell up to 9.6 million […]
Aurora Cannabis Posts Declining Q4 2021 Revenues Of $54.8 Million, Net Loss
Aurora Cannabis (TSX: ACB) this afternoon reported its fourth quarter financial results. The firm reported net revenues of $54.8 million for the quarter, along with a net loss of $134.0 million. For the full fiscal year, the firm posted losses of an astounding $695.1 million. If investors were searching for a positive in the results, […]