i-80 Gold Completes Ruby Hill Mine Acquisition For Up To US$150 Million
Days after closing the Lone Tree complex acquisition, i-80 Gold Corp. (TSX: IAU) announced today that it has completed the acquisition of Ruby Hill mine from Waterton Nevada Splitter. The move is part of the firm’s comprehensive plan to put up a mining complex in Nevada. Under the acquisition terms, the firm acquired the property […]
EnerDynamic Sees Sale Of First Air To Water Solar Unit
EnerDynamic Hybrid Technologies (TSXV: EHT) has completed its first solar mobile system under its previously announced joint venture with Cinergex Solutions. The system, which is to be sold under the Solastream label, is an “air to water” solar mobile system. The machine itself uses patented technology that uses humidity to draw water from the air […]
Red White & Bloom Reworks Platinum Vape Acquisition, Removes $12.5 Million In Liabilities
Red White & Bloom (CSE: RWB) this morning continued to clean up its balance sheet and remove liabilities. The company has reworked its transaction to acquire Platinum Vapes, while also transitioning management at the new subsidiary as part of its acquisition process. Under the reworked arrangement, the company has settled all purchase price consideration for […]
Hexo Corp Sees Strategic Reorganization Push Out CEO, COO
It may have taken several years of declining valuation and a couple questionable transactions, but it appears that Sebastian St-Louis is finally on the way out at Hexo Corp (TSX: HEXO). It was announced today that the co-founder of the company was given the boot at the company as part of a strategic reorganization. It […]
High Tide Secures $25 Million Funding Via Credit Facilities
High Tide (TSXV: HITI) has secured further funding for its operations. The company this morning indicated that it has entered into a revolving credit facility with ATB Financial, although concrete terms were not provided by the company. The facility is reportedly for a figure of up to $25 million, with the initial facility pegged at […]
Pallinghurst Group Takes 19.2% In Talon Metals In Private Transaction
Talon Metals Corp (TSX: TLO) has a new major institutional investor. It was revealed this morning that The Pallinghurst group, whom is a major investor in the natural resource space focused on battery metals, has taken a 19.2% stake in the company. The position in Talon was acquired via Pallinghurst Nickel International, whom is acquiring […]
Vladimir Putin: Soaring Energy Prices the Result of Wind Farm Shortcomings, Not Lack of Gas Supplies
Astronomically skyrocketing gas prices across Europe are the result of an over-reliance on wind energy rather than a shortfall in gas supplies, argued Russian President Vladimir Putin. During his keynote address at the Russian Energy Week on Wednesday, Putin explained that soaring electricity prices are the result of a shortfall in wind energy generation, and […]
United Lithium: Strong Drill Results From Bergby Project Add To Recent Positive Developments
United Lithium Corp. (CSE:ULTH) recently announced its first assay results from its boulder train mapping and sampling program at its Bergby Lithium Project in Sweden. Assays showed excellent results from new, previously unknown lithium mineralized zones in an area west of the northern part of the previously drilled mineralized pegmatite. The results from the new […]
Tether Fined $41 Million Over Misleading Claims That Stablecoins Were Fully Backed by US Dollars
One week after Bloomberg spilled the beans that Tether may not actually have the $69 billion it says it does, it appears that the Commodity Futures Trading Commission (CFTC) has come to the same conclusion. On Friday, the CFTC revealed that it has fined Tether $41 million over making false claims that each of its […]
BMO Cuts Roger Communications’ Price Target After Boardroom Drama Flares Up
On October 8th, The Globe and Mail reported on the recent and abrupt departure of Rogers Communications (TSX: RCI) CFO, Tony Staffieri. The Globe and Mail says that the departure was after multiple heated disagreements with the Rogers family around how the companies leadership should be. After this news, 1 analyst lowered their 12-month price […]