China’s Agriculture Minister Raised Concerns On Country’s Winter Wheat Crop: “Worst In History”
China is looking at a possible record-breaking wheat crisis as the nation heads into winter, the country’s agriculture minister said. “Not long ago we went to the grassroots to do a survey and many farming experts and technicians told us that crop conditions this year could be the worst in history,” said Minister of Agriculture […]
Biden Administration Prepares to Quietly Lift Venezuelan Sanctions in Effort to Boost Oil Supply
The price of crude slumped to below $100 per barrel on Tuesday, after reports surfaced that Chevron is mulling restarting pumping Venezuelan oil once the US lifts trade sanctions on the country. In the face of worsening crude shortages and subsequent surging fuel prices as a result of an halting Russian energy imports, the Biden […]
AMC Entertainment Floats Mudrick Capital’s Busted Gold Mining SPAC
As internet sleuthing continues, it’s slowly becoming clear exactly as to why AMC Entertainment (NYSE: AMC) this morning revealed a $27.9 million investment into an entirely unrelated mining operation known as Hycroft Mining (NASDAQ: HYMC). As it turns out, back in mid-2020, Hycroft Mining was acquired by Mudrick Capital Acquisition Corporation, a blank check company, […]
Tesla Increases Electric Vehicle Prices In US, China After Elon Musk Tweets Inflation Pressure
In another Elon-tweets-let-there-be-light-and-there-was-light moment, Tesla (Nasdaq: TSLA) hiked its prices in US and China after its CEO tweeted a teaser for the rising inflation’s effect on the company. In the US, all Tesla models saw around a 5-10% increase in their retail prices. The most affordable Model 3 Rear-Wheel Drive now starts at US$46,990, a […]
Crude Oil Falls As The Media Scrambles To Identify Why, Gas Prices Remain High
Crude oil prices continue to slide from recent 52-week highs hit just a week ago. The commodity this morning hit new lows for the month, with USOIL, which tracks the price of West Texas Intermediate, sinking as low as $93.56 this morning, a level not seen since February 28. In terms of the justification for […]
Hycroft Mining Almost Doubled Its Market Cap Following AMC, Eric Sprott Equity Purchases
AMC Entertainment Holdings, Inc. (NYSE: AMC) announced today that it will be purchasing 22% equity in Hycroft Mining Holding Corporation (NYSE: HYMC). Canadian businessman Eric Sprott is also buying a 22% equal stake in the mining firm, making the two investors majority shareholders with combined 44% equity. Through Hycroft Mining’s private placement offering, AMC and […]
Well Health Reports New Record Patient Visits For Month Of January
Well Health (TSX: WELL) looked to stop the bleeding of its share price this morning with a general business update. The firm this morning provided performance data for the month of January, highlighting its patient visit counts for the month. The highlight this morning was that the firms US operations had seen a total of […]
Gatekeeper Systems Sees Second Major Order For New Mobile Wi-Fi System
Orders continue to come in for a new product recently launched by Gatekeeper Systems (TSXV: GSI). The firm this morning announced that it has received a second purchase order for its mobile wi-fi system that has been designed for installation on school buses. The latest contract amounts to $335,000 in total, and includes a twelve […]
Trillion Energy Looks To Raise $10.0 Million Via Private Placement
Trillion Energy (CSE: TCF) is the latest energy focused firm looking to raise capital in the current environment. The firm this morning announced that it intends to raise gross proceeds of up to $10.0 million. Under the terms of the financing, the company intends to issue 60.6 million units at a price of $0.165 per […]
Frontera Energy Launches Share Buyback Program
Frontera Energy (TSX: FEC) is looking to boost its valuation. The firm this morning announced that it will be conducting a normal course issuer bid to repurchase up to 10% of its outstanding public float. The share buyback program will see the company purchase up to 4.8 million of its own shares on the open […]