Osisko Gold Reports Preliminary Q3 2021 Results: $50 Million In Revenue, 20,032 Gold Equivalent Ounces Earned
Osisko Gold Royalties (TSX: OR) reported on Monday its preliminary financial and production results for Q3 2021. The royalty firm highlighted $50 million in revenues for the three-month period. Further down the financials, the company also reported approximately $3.5 million cost of sales, leading to a $46.5 million operating cash margin. Given the meaningful cash flow […]
Sigma Lithium Signs Six-Year Offtake Agreement With LG Energy Solution To Supply Concentrate For Electric Vehicle Batteries
Sigma Lithium Corporation (TSXV: SGML) announced this morning that it has signed a binding term sheet with LG Energy Solution. The agreement entails the company to provide lithium concentrate for the latter’s manufacturing of lithium-ion batteries for electric vehicles. The offtake agreement between the two parties stipulates a six-year engagement on a “take or pay” […]
Rockland Resources Acquires Uranium Property In Ontario
Rockland Resources (CSE: RKL) has entered the uranium space. The company this morning announced that it entered into an option agreement to acquire the Stetham uranium project in Ontario. The project itself is located just 30 kilometres to the northeast from the Cote Lake Gold project, one of the largest resource projects in the province, […]
Global Crossing Secures Four Aircraft Under Long Term Leases
Business looks set to take-off for Global Crossing Airlines (TSXV: JET), whom this morning secured additional aircraft for its operations. The firm indicated it has entered arrangements to secure long term leases for at least four passenger to freight aircrafts. The arrangement comes from Greenwich Highland Aviation, whom will be leasing Global Crossing four Airbus […]
Carbon Streaming Expands Executive Team Ahead Of Potential US Listing
Carbon Streaming Corp (NEO: NETZ) this morning bolstered its executive team as it works towards its debut on a US big board. The firm added two new executives to its team, whom are expected to enhance the firms investment pipeline. First up is Geoff Smith, whom will be taking on the role of President and […]
PowerTap Considers Spinning Out Hydrogen Subsidiary Via SPAC
PowerTap Hydrogen Capital (NEO: MOVE) this morning indicated that it has begun the process of undergoing a strategic review. Primarily, it appears the review pertains to whether or not the firm will elect to take one of its subsidiaries, PowerTap Hydrogen Fueling Corp, public via a special purpose acquisition corporation transaction. As with all strategic […]
Freeman Gold Sees Recovery Rates As High As 98% In Metallurgical Tests
Freeman Gold (CSE: FMAN) continues to progress its Lemhi Gold project in Idaho towards an operating mine. The firm this morning reported initial results from metallurgical testing conducted on drill core material collected at the property. The initial testing has demonstrated recovery rates beyond 95% for the property, with testing conducted on a wide range […]
Evergrande Shares Halted on Hong Kong Exchange Ahead of ‘Major Transaction’ Announcement
Trading of Evergrande shares was suspended on Monday, as investors prepare for news of a “major transaction” announcement from the heavily indebted company. “At the request of the company, trading in the shares of the company was halted at 9am on October 4, 2021 pending the release by the company of an announcement containing inside […]
Start-Up EV Maker Rivian Begins IPO Process; Could be Important Event for Electric Vehicle Industry
On October 1, the private start-up electric vehicle (EV) manufacturer Rivian filed an S-1 Registration Statement with the SEC, paving the way for an initial public offering later this month or in early November. It will trade on the NASDAQ under the symbol RIVN. While not specified in the filing, both Bloomberg and Reuters report […]
Hut 8 Mines 264 Bitcoin In September 2021
Hut 8 Mining Corp. (TSX: HUT) provided this morning production updates for the month of September 2021. The crypto miner yielded 264 bitcoin for the month, a decrease from its August 2021’s production of 326 bitcoin. The monthly production averages at 9.11 bitcoin mined per day, down from the previous month’s daily average of 10.5 […]