Bonterra Sees BMO Lower Estimate After Guidance Comes Up Short
On December 16th, Bonterra Resources (TSXV: BTR) announced its 2022 guidance. They are now guiding for $55 to $65 million in capital expenditures, with production being roughly 13,300 to 13,700 BEO per day. They expect that at roughly C$80 oil, the company could see $150 million in funds flow and $90 million in free funds […]
Will Germany’s Cannabis Legalization Be Profitable For US Operators? – The Daily Dive
On today’s Daily Dive, Cassandra welcomes back Brad Rogers, Chairman and CEO of Red White & Bloom (CSE: RWB). Brad joins us to talk about US federal cannabis legalization (1:21), Germany’s announcement of drug policies (3:29), and the growing cannabis e-commerce platform (4:46). He also discusses his company’s latest financials (6:12) and most recent expansion […]
NorZinc Postpones Pioneer Winter Road Construction By Up To One Year
NorZinc Ltd. (TSX: NZC) announced today that it is compelled to defer the construction of the Pioneer Winter Road by up to one year. The delay is mainly due to the firm being unable to secure the necessary approvals. “We are very disappointed that we have been unable to agree with the regulators on how […]
CN Announces Former COO Jim Vena Withdraws As CEO Candidate
CN (TSX: CNR) announced an update in its ongoing search to replace its retiring CEO Jean-Jacques Ruest. Former COO Jim Vena has announced his withdrawal from the list of candidates being considered for the position. “CN has only provided an update on this search process because TCI has requisitioned a Special Meeting of Shareholders on […]
Gold Royalty Takes Offer To Acquire Elemental Royalties Directly To Shareholders
Gold Royalty Corp. (NYSE: GROY) declared today its intent to acquire Elemental Royalties Corp. (TSXV: ELE) directly to shareholders. The proposed acquisition is approximately valued at $130 million. The offer stands at exchanging 0.27 Gold Royalty shares for each Elemental Royalties share held. This effectively values per Elemental share at $1.78, or a 37% premium […]
Lundin Gold: Analysts Drop Consensus Price Target After 2022 Guidance
On December 14th, Lundin Gold Inc. (TSX: LUG) announced its three year outlook. The company is estimating that gold production for the full year 2022 to be between 405,000 and 445,000 ounces with an all-in sustaining cost between $860 to $930 per ounce. Cash operating costs are expected to be between $710 and $780 per […]
Uranium Energy Corp Closes Uranium One Americas $112 Million Acquisition
Uranium Energy Corp (NYSE: UEC) announced this morning the closing of its previously announced acquisition of Uranium One Americas, a subsidiary of Uranium One. The transaction’s price tag amounted to $112 million in cash. Included in the transaction consideration are an additional $2.9 million in estimated working capital and the assumption of $19 million in reclamation bonding. “With this Acquisition, […]
Cronos Group Doesn’t Expect To File Delayed Financials Until The End Of January 2022
It appears that money is no substitute for ability. Cronos Group (TSX: CRON) on Friday night provided its bi-weekly management cease trader order update related to its delayed financials, and it appears that the company has finally given the market insight into when its financials might actually be filed. The Canadian cannabis firm, whom in […]
Glass House Brands To Acquire Plus Products Via CCAA Process
In what appears to be a day of acquisitions, Glass House Brands (NEO: GLAS.A.U) is the latest firm to announce that it will be acquiring a peer. The firm has entered into a definitive arrangement to acquire Plus Products (CSE: PLUS), as it looks to consolidate assets in the Californian market. The transaction will see […]
Eguana Tech Receives $6.0 Million First Order Under PowerCenter+ Partnership
Eguana Technologies (TSXV: EGT) has received its first purchase order under its previously announced arrangement with PowerCenter+, the firm behind the Duracell Home Entergy Storage platform. The duo currently have in place a manufacturing and licensing agreement related to Eguana’s 5kW and 10kW home battery systems. Under the opening order, PowerCenter+ has ordered a total […]