McEwen Mining Reports CFO Placed On Medical Leave
There’s nothing like getting hit when you’re already down. McEwen Mining (TSX: MUX) knows this all to well, after announcing last night that its chief financial officer would be on a temporary medical leave. Details on the temporary leave were slim, with the firm stating that Anna Ladd-Kruger, the CFO, is “expected to return to […]
Max Resource Announces Receipt Of 15 Additional Concession Contracts
Max Resource Corp (TSXV: MXR) this morning indicated it has received further mining concession contracts at its flagship Cesar North project in Colombia. Awarded in late 2021, the firm received a total of 15 additional contracts. The mining concession contracts are significant for the company, as they enable more in-depth exploration to occur, while paving […]
Teck Resources Receives Strike Notice At Largest Copper Mine
Teck Resources (TSX: TECK.A, TECK.B) appears to be about to go through some production delays. The firm early this morning indicated that it has received a strike notice for one of its operations in British Columbia. The strike notice comes from the United Steelworkers Local 7619 at the company’s Highland Valley Copper mine in British […]
Hemlo Explorers Options Out Non-Core Property In Ontario
Hemlo Explorers (TSXV: HMLO) is refocusing its land holdings. The firm this morning announced it has entered an option agreement to sell certain land holdings in the Falcon Lake region of Ontario that were not considered core holdings. The land position to be optioned out consists of a total of 48 claims that cover 987 […]
Leafly Delays Merger With Merida SPAC Due To New Financing
It looks like Leafly Holdings will have to wait a little longer to go public. The firm last night announced that its proposed merger with Merida Merger Corp I (NASDAQ: MCMJ) has been delayed as a result of a new convertible note financing. The convertible note financing will see Leafly obtain a $30 million convertible […]
Tilray: Canaccord Cuts Price Target To $9.00
On January 10th, Tilray Inc (TSX: TLRY) reported their fiscal second-quarter financial results, the company saw net revenues of $155.15 million, an increase of 20% year over year. The company reported an adjusted EBITDA of $13.8 million and a net income of $95 million, driven by a reassessment of fair value derivative liabilities. The companies revenues […]
SEC Preparing to Demand Additional Transparency Measures from Private Companies
The SEC is planning on raising its oversight on large, privately held companies in an effort to force more transparency over private fundraising, which has helped fuel their substantial growth over the past several decades. Private capital markets have raised an extensive amount of cash for companies over the past twenty years, while bypassing the […]
American Lithium Secures Permits To Start Drilling At Tonopah Lithium Claims Project
American Lithium Corp. (TSXV: LI) gets the green light to start development and exploration work at its Tonopah Lithium claims project (TLC) in Nevada. The firm announced this morning the approval of its operations and reclamation plans for the property. The plans were approved by the state’s Bureau of Land Management and the Division of […]
Kim Kardashian, Floyd Mayweather, Paul Pierce Sued Over Crypto Scam
It appears that rug pulls in cryptocurrency markets are becoming increasingly more common, with even celebrities taking part in the action. According to a class action lawsuit filed in the Central District of California, Kim Kardashian, Floyd Mayweather, and Paul Pierce are being accused of making misleading promotions over EthereumMax, an Ethereum cryptocurrency knockoff that […]
Snipp Interactive Plans To Acquire Gaming Agency Gambit Digital For US$5 Million
Snipp Interactive Inc. (TSXV: SPN) announced today the binding agreement to acquire gaming marketing agency Gambit Digital Promotions Inc. The transaction has a price tag of US$5 million. Under the terms of the agreement, the consideration for the transaction will be composed of US$0.3 million in cash and US$4.7 million in Snipp shares, evaluated based […]