Oil Is Fair In War? How The Countries Are Playing The Energy Game
The price of oil recently broke the US$129-per-barrel mark. The United States banned Russian oil imports. Russia banned exports in retaliation. The European Union is caught in a bind to shut off Russian energy resource imports. With the global superpowers playing with their oil spigots, it seems like the actual war in Ukraine remains in […]
SPAC Lakeshore Acquisition II Prices US$60 Million IPO
Special purpose acquisition company Lakeshore Acquisition II Corp. (Nasdaq: LBBBU) started trading publicly on the Nasdaq Global Market today. The company is seeking to raise US$60 million in its initial public offering. The offering consists of 6.0 million company units priced at US$10.00 per unit. Each unit is composed of one common share, one-half of […]
Biden Administration Bans Russian Energy Imports, Warns of Surging Fuel Prices
President Joe Biden announced the US will be banning all exports of Russian oil and natural gas, in an effort to further retaliate against Russia’s military invasion of Ukraine. Following a mammoth-sized avalanche of sanctions targeting nearly everyone and everything Russian, the White House finally turned up the heat and decided to ban all imports […]
Biden Inks Executive Order On US Crypto Regulation, Potential Central Bank Digital Currency
In a landmark step for the United States and its US$3-trillion cryptocurrency industry, President Joe Biden is expected to sign an executive order today outlining marching orders for relevant agencies to come up with a regulatory policy on digital assets. The White House released a statement today on what would the executive order contain, saying […]
Nickel Volatility Explained: London Metal Short Squeeze on a Nickel Plated Nine
The London Metals Exchange has closed trading in nickel contracts until future notice, and will be cancelling trades from March 8th, 2022, following an unprecedented short squeeze that took the price of nickel from $25,400/tonne to $29,750/tonne in three trading days, then to $42,995/tonne on Monday, before intraday trading on Tuesday took the price beyond […]
Newcrest Mining Closes Pretium Resources Acquisition, Expects $15-$20 Million Annual Synergy Benefits
Newcrest Mining Limited (TSX: NCM) announced today the closing of the transaction to acquire Pretium Resources Inc. (TSX: PVG). This follows after the proposal secured shareholder and regulatory approvals. Part of the acquisition is Pretium’s Brucejack mine in the Golden Triangle region of British Columbia. “We are very excited to add Brucejack to Newcrest’s portfolio, […]
Kontrol Technologies Receives $9.7 Million HVAC Contract Under New Subsidiary
Kontrol Technologies (NEO: KNR) this morning indicated it has secured a major contract through its recently acquired subsidiary. The contract pertains to HVAC and building automation, with the contract to be fulfilled in the greater Toronto area. The contract in question is pegged at a value of $9.7 million, with the company to install the […]
New Found Gold Intersects 31.88 g/t Gold Over 2.05 Metres Along JBP Fault
New Found Gold (TSXV: NFG) continues to hit gold mineralization as it expands across its flagship Queensway project in Newfoundland. The firm this morning released results from an additional 51 drill holes, with the latest drilling occurring along the JBP fault zone. Initial results from exploration along the fault zone indicate that the gold bearing […]
Mako Mining Announces Plans For Self-Funded US$17.2 Million Exploration Program
Mako Mining (TSXV: MKO) this morning released its latest exploration results, while also revealing its extensive exploration plans for the full year. The results and subsequent exploration is set to take place at its San Albino Mine project, which is located in Northern Nicaragua. Drill results released this morning come from the West pit of […]
Canada Nickel To Raise $25.0 Million Via Combination Of Shares And Flow Through
After getting investors excited by conducting a post-closing bell trading halt, it appears that Canada Nickel Company (TSXV: CNC) is set to be the latest in a series of junior mining firms looking to raise funds this week. The company announced a bought deal financing roughly an hour after implementing the halt. The financing will […]