Hut 8 Mining Announces US$65 Million ATM Financing Months After US$173 Million Raise
Hut 8 Mining (TSX: HUT) last night attempted to quietly announce that it will be conducting an at the market offering. Funds reportedly are to be used to fund ongoing operations and working capital requirements. Under the terms of the financing, the company is to sell up to US$65 million worth of common shares on […]
Sen. Chuck Schumer Urges Fellow Senators to Help With Federal Cannabis Legalization Bill
Senate Majority leader Chuck Schumer sent a hopeful letter to his fellow Senate members urging them to provide input and suggestions on a new bill that would legalize cannabis use at the federal level. On Thursday, Schumer penned a letter outlining his support for Democrats to move forward with a marijuana bill that would legalize […]
Foxconn Chairman Declares Lordstown Motors’ Endurance Pickup Truck Will Roll Off Production Line in 2H 2022; Significant Uncertainties Still Remain
In a late January 2022 interview with Nikkei Asia, Young Liu, the chairman of Hon Hai Technology Group (better known as Foxconn, the assembler of Apple’s iPhones) said the Endurance all-electric pickup truck would begin rolling off the Lordstown, Ohio assembly line in the second half of 2022. If true, this would be good news for Lordstown […]
Canaccord Slightly Lowers SSR Mining’s Price Target Off Back Of 2022 Guidance
Recently, SSR Mining Inc. (TSX: SSRM) announced full-year 2021 production results, a three-year outlook, and a 40% increase to the current dividend. First, the company produced 794,456 gold equivalent ounces for the full year, almost beating their high-end 800,000-ounce guidance. The company had all-in sustaining costs of $982 per ounce, below their $1,000 low-end estimate. […]
OnlyFans Launches NFT Profile Picture Feature
Adult content website OnlyFans has expanded its niche, and is now offering users the option to upload an NFT as their profile picture. As first reported by Reuters, online subscription platform OnlyFans will now allow content creators to use a verified NFT as their profile picture. “Our mission is to empower creators to own their […]
Gold Mountain Mining: A 2021 Retrospective
2021 proved to be an excellent year for Vancouver-based Gold Mountain Mining Corp. (TSX:GMTN). The 21,187 hectare property is host to the past-producing high-grade Elk Mine, which is located 35 minutes southeast of Merrit and 45 minutes west of Kelowna, and is easily accessible by road and can be operated year-round. The company’s story is a unique one […]
Valens Sees Canaccord Cut Price Target After Investor Day
On February 7th, The Valens Company (TSX: VLNS) held its 2022 investor day. The company outlined in a news release where management speaks on the company’s strengths while announcing it has identified an additional $10 million of annual cost saving. This comes in the form of operation efficiencies, removal of underperforming SKU’s, automation, and contract […]
Cannabis SPAC Relativity Acquisition Prices US$125 Million IPO
Special purpose acquisition company Relativity Acquisition Corp. (Nasdaq: RACYU) started trading its securities on the Nasdaq Global Market today. The firm priced its initial public offering, aiming to raise total proceeds of US$125.0 million. The offering will entail selling 12.5 million units priced at US$10.00 per unit. Each unit is composed of one Class A […]
Can Gold Reach $2100 Due To The Ukraine Crisis? – The Daily Dive
Returning to the Daily Dive is one of our frequent guests, Lobo Tiggre from the Independent Speculator. Lobo returns to provide his insights on the potential impact of a Russia-Ukraine conflict on the US market, lockdown protests in Ottawa leading to a state of emergency, the effect of mineral supply issues on clean energy transition, […]
Enbridge Meets 2021 EBITDA Guidance With $14.2 Billion
Enbridge Inc. (TSX: ENB) released this morning its Q4 and full-year 2021 financial results, which saw the company post $47.1 billion in revenue. This is an increase from 2020’s $39.1 billion. The majority of the annual revenue came from the company’s commodity sales, notching $26.9 billion. The other revenue streams came from transportation and other […]