Ford to Double Annual Electric F-150 Production as Consumer Demand Skyrockets
Ford (NYSE: F) has decided to boost production of its electric F-150 pickup truck by nearly double by 2023, as consumer demand skyrockets. On Tuesday, Ford announced plans to increase production of its F-150 Lightning pickup truck from an initial output of 40,000 units to 150,000 vehicles annually before mid 2023. Ford has already received […]
Hut 8 Mines 276 Bitcoin In December 2021; Takes US$30 Equipment Financing Loan From Trinity Capital
Hut 8 Mining Corp. (TSX: HUT) reported today its production results for the month of December 2021. The firm mined 276 bitcoin for the month, averaging at 8.9 bitcoin per day. The monthly output is an increase from November’s production of 265 bitcoin, averaging 8.83 bitcoin per day. All of the company’s self-mined bitcoin for […]
Aztec Minerals Provides 2022 Outlook For Operations
Aztec Minerals (TSXV: AZT) this morning released to the public a brief review of its accomplishments in 2021, as well as what it has planned for 2022. The firm currently is focused on its Cervantes gold-copper project located in Sonora, Mexico, as well as its Tombstone silver project in Arizona. In terms of highlights at […]
Desert Mountain Acquires Further Land At McCauley
Desert Mountain Energy (TSXV: DME) issued an update to shareholders this morning, indicating a number of developments have occurred as of late as it relates to their planned development of certain fields and drilling. The firm also indicated it is inching closer to entering supply arrangements for its helium once operations are online. As it […]
Riverside Resources Samples 83.2 g/t Gold, 4,816 g/t Silver At La Union
Riverside Resources (TSXV: RRI) this morning released results from its recent exploration program conducted at its La Union Project, which is located in Sonora, Mexico. The exploration program consisted of a field mapping and sampling program. The purpose of the exploration program was for the firm to better understanding the properties structural controls, and how […]
Hexo Corp Names Acting Chief Financial Officer
Hexo Corp (TSX: HEXO) has named a new chief financial officer. The appointment follows the previously announced departure of the firms previous CFO, Trent MacDonald, whom has indicated he will end his tenure with the firm in early March. Taking the role on an acting basis is that of Curtis Solsvig, whom is said to […]
Medipharm Labs Settles $41.0 Million Debt After Blowing Out Share Structure
Medipharm Labs (TSX: LABS) appears to be focused on cleaning up its balance sheet. The firm this morning indicated it has settled an unsecured convertible debenture eighteen months ahead of schedule. The debenture in question originated as a $41.0 million unsecured convertible facility, originally issued on June 8, 2020. Repayment began three months later via […]
Gazprom Missed 2021 Natural Gas Export Targets as Europe Underwent Massive Energy Supply Shortage
Russian-owned gas company Gazprom failed to meet its own European export targets for 2021, which ultimately helped contribute to the continent’s worst energy crisis in decades. According to a statement from Gazprom CEO Alexey Miller seen by Bloomberg, the energy giant only delivered 185.1 billion cubic meters to its main export clients, including Europe, China, […]
Mercedes-Benz Introduces Sleek New EV Concept Car at CES; Digging Deeper, Such Unveilings Highlight Valuation Risks in EV Stocks
Many electric vehicle (EV) developers have succeeded in designing sleek, eye-catching vehicles with solid engineering and driving range characteristics. The “buzz” such cars receive have in many cases persuaded investors to bestow outlandish valuations on selected developers. Perhaps the two most prominent members of this select group are Lucid Group, Inc. (NASDAQ: LCID) and Rivian Automotive, Inc. (NASDAQ: RIVN), […]
Biotech Firm CinCor Pharma Kicks Off Nasdaq IPO Roadshow
Clinical-stage biopharmaceutical company CinCor Pharma, Inc. is setting its sights on trading at the Nasdaq Global Market. The firm announced on Monday the launch of its initial public offering of 11.0 million common shares. The biotech firm is targeting the share price between US$15.00 and US$17.00 per share, which puts target proceeds from the offering […]