Gatling Exploration To Be Acquired By MAG Silver For $0.40 Per Share
Consolidation is in the air within the junior mining space. MAG Silver (TSX: MAG) this morning announced that it has reached a definitive agreement to acquire that of Gatling Exploration (TSXV: GTR), a junior firm focused on a gold project in Northern Ontario. The arrangement will see MAG acquire the junior exploring in an all-stock […]
CGX Energy Sources Short Term US$35 Million Loan From Frontera
CGX Energy (TSXV: OYL) appears to be getting bailed out by its largest shareholder. The firm late last night announced that Frontera Energy (TSX: FEC), whom owns a 77% stake in the company, would be providing it with a loan for its ongoing operations. The loan from Frontera, whom is also a joint venture partner […]
Uranium Spot Prices Are the Highest They’ve Been In More Than A Decade
Numerco reports that the spot price for uranium has breached $60 territory early Thursday — the highest since 2011 and Reddit’s armchair traders are likely cracking their knuckles. It can be recalled that retail interest for uranium went up last year with the Uranium Squeeze, where spot prices soared when Canadian-listed Sprott Physical Uranium Trust […]
Is Kontrol Technologies Back In The Game?
Kontrol Technologies Corp. (NEO: KNR) released two major pieces of news this week that point to the potential outlook of the Canadian tech firm. On Tuesday, the firm announced that its BioCloud technology has shown potential to detect the influenza virus in an initial testing done in Japan. “The BioCloud technology innovation is based on […]
Paper Airplanes of Diplomacy: New York Artists Call for No-Fly Zone Over Ukraine, Launch Paper Airplanes at Guggenheim Museum
Visitors to New York’s Guggenheim Museum were unexpectedly met with a shower of paper airplanes over the weekend, which were part of an impromptu campaign organized by artists and activists calling for a no-fly zone over Ukraine. On the afternoon of March 5, spectators looking to ponder artwork were treated to a surprise programming that […]
Green Thumb: Haywood Drops Price Target To $40
Earlier this month, Green Thumb Industries (CSE: GTII) reported its fourth quarter and full year financial results. The company saw its revenues grow 60.5% year over year to $893.6 million, while gross profits grew from $304 million to $492 million at the end of 2021. The company saw its full-year earnings per share almost 5x […]
What’s Roman Abramovich Going To Do About It?
There is a bluster in the Western world, and especially in the Western press, as the assets of Russian billionaires held anywhere but Russia are being seized by Western governments as a measure of sanction meant to stop the Russian Federation’s in-process shelling and occupation of Ukraine. US President Joe Biden used his state of […]
Draftkings CEO Spouts Off At Investors Selling Stock – After Selling $97.2 Million In Shares Himself
Twitter, by all accounts, can be good or bad when it comes to markets. When it comes to the latest in breaking news, undoubtedly, its the best platform out there. But when it comes to executives putting their foot in their mouths, well, its also the best platform out there. Typically, this is where we […]
China-Russia: Is The Alliance Worth The Cost?
The ongoing Russia-Ukraine war incensed the much larger global conflict on trade. With the mounting sanctions from the international community, the Kremlin is looking to its Asian neighbor to sustain its economy. Apparently, China is open for business. But is it worth the cost? In a Bloomberg article, Beijing seems to be considering buying more […]
SPAC Patria Latin American Opportunity Acquisition Prices US$200 Million IPO
Special purpose acquisition company Patria Latin American Opportunity Acquisition Corp. (Nasdaq: PLAOU) started trading publicly on the Nasdaq Global Market today. The company is seeking to raise US$200 million in its initial public offering. The offering consists of 20.0 million company units priced at US$10.00 per unit. Each unit is composed of one Class A […]