Pure Gold Mining Sees AngloGold Increase Stake To 19.9%, Raises $25 Million
Pure Gold Mining (TSXV: PGM) this morning announced a series of financings that will add further cash to its balance sheet. The firm has also seen one of its largest shareholders, AngloGold Ashanti, significantly increase its stake in the company. The first financing to be conducted, a bought deal lead National Bank Financial, will see […]
United Lithium Extends Strike Of New Spodumene-Bearing Pegmatite Discovery To Over 225 Metres
Drilling continues for United Lithium (CSE: ULTH) at its lithium project in central Sweden. The firm this morning provided an update on the current program, which has continued drilling out a new discovery on the property. The firm this morning indicated it has drilled a total of nine holes into recently identified spodumene bearing pegmatite. […]
O2Gold Identifies Three New Veins At Colombian Project
O2Gold (TSXV: OTGO) yesterday announced that it has made additional discoveries at its property in Colombia following further exploration. The firm also provided an update on its current drill program. Ground geophysics conducted by the company have expanded veins at the firms property, while the company also identified new veins at Aparecida, Esmeralda, and the […]
GM Invests $6.6 Billion Towards EV, Battery Production
General Motors (NYSE: GM) has pledged to invest nearly $7 billion towards boosting production of electric pickup trucks as well as building a new EV battery plant in an effort to overtake rivals Tesla and Ford. GM on Tuesday announced that it will be allocating approximately $4 billion towards overhauling its Orion Assembly plant in […]
Carpe Diem: Zuckerberg’s Stablecoin Appears Unstable As Asset Sale Talks Surface
Following its scrutiny in front of the US Congress and regulatory pressure, it seems that Meta Platforms (Nasdaq: FB) CEO Mark Zuckerberg is looking at the likely decline of his cryptocurrency project Diem Association. The initiative is rumored to seize the remaining opportunity by selling its assets instead. According to a Bloomberg report, the Diem […]
Bank of Canada Stays Put on Interest Rates Despite Surging Inflation
Despite surging inflation for just about anything and everything, an out of control housing market, burgeoning labour shortages, and worsening supply chain woes, the Bank of Canada has decided to keep interest rates in tact at 0.25% for a little bit longer. Markets woke up widely surprised on Wednesday morning, when the Bank of Canada […]
Geospatial Firm Satellogic Closes SPAC Merger, Ex-US Treasury Secretary Steven Mnuchin To Join The Board
Geospatial company Satellogic Inc. (Nasdaq: SATL) is set to make its Nasdaq debut today following a reverse merger with special purpose acquisition company CF Acquisition Corp. V. The deal is already expected to generate gross proceeds of approximately US$262 million from investment commitments. After securing the shareholders’ approval in a vote on Monday, the company’s […]
How Interest Rates Affect Stock Prices
In this video, we break down the relationship between interest rates and stock prices. We look at this function from an investor, consumer, and company perspective. As the Fed tries to tame hot inflation, talk of rate hikes is heating up and investors are determining how to allocate their portfolios. We wrap this video up […]
CN Ends 2021 With $14.5 Billion In Revenue, Names Former CP Executive Tracy Robinson As CEO
CN (TSX: CNR) released on Tuesday its fourth quarter and full-year 2021 financial results, which saw the company post $14.48 billion in annual revenue. This is an increase from 2020’s revenue of $13.81 billion. The firm said the year-on-year increase was mainly attributable to “freight rate increases, higher fuel surcharge rates, and intermodal ancillary services.” […]
Fortuna Silver Mines Intersects 20.2 G/T Gold Over 18.2 Metres At Séguéla Project
Fortuna Silver Mines Inc. (TSX: FVI) announced today the results from the exploration program at the Sunbird prospect in its Séguéla gold project in Côte d’Ivoire. The highlights include intersecting 20.2 g/t gold over 18.2 metres true width. The exploration drilling at the property aimed to advance the Sunbird prospect. The recently completed program consists […]