Chile-Focused Miners Shares Drop After Early Proposal For Nationalizing Copper, Lithium Gets Approved
Chile is one step closer to nationalizing its copper and lithium mines. But not only does this might spell trouble for Chile-focused mining companies but also maybe for the South American country. Soon after Chile elected 35-year old activist lawmaker Gabriel Boric as its president in December 2021, the government convened a constituent assembly to […]
Natural Gas Prices Hit New Record as Europe Struggles with Energy Independence From Russia
Energy costs are skyrocketing out of control amid the ongoing Russia-Ukraine conflict, as the price of natural gas soars to the most on record, while crude prices top the highest since 2008. If you think Europe’s energy crisis was bad before, think again! Natural gas prices exploded nearly 50% on Monday to around €283 per […]
It’s Bond, Russia’s Bond: Will Creditors Be Paid?
A looming debt crisis adds a dark cloud to the ongoing war in Ukraine. Russia’s state-controlled energy firms Gazprom and Rosneft have reportedly paid their matured bonds in dollars even after President Vladimir Putin’s decree to only allow ruble payments to foreign creditors. What does this spell for future debt obligations by Russia? The Kremlin initially […]
Global Crossing Secures Two More Aircraft For Its Fleet
Global Crossing Airlines (TSXV: JET) is set to add two more planes to its fleet. The company this morning indicated it has secured two passenger to freight aircraft, which will join its fleet next year. The additions come via Petrus Aerovista A321 Holdings, which is effectively a joint venture between Aerovista FZE and that of […]
Hive Blockchain Produces 377.1 BTC Equivalent In February, Completes US$100 Million ATM Financing
Production figures for the month of February are in for Hive Blockchain (TSXV: HIVE). The firm this morning also released its current bitcoin balance, which sits at 2,374 as of the end of February, an improvement from the 2,043 held at the end of January. Production for the month came in at 244.4 bitcoin, as […]
Liberty Gold To Raise $30 Million Via Bought Deal At $1.10 Per Share
Much like Elevation Gold (TSXV: ELVT), Liberty Gold (TSX: LGD) appears to be desperate for cash, raising money at the first sign of bulls returning to the gold market. The company last night announced it would be conducting a large bought deal financing, before the firms equity even had much of a chance to react […]
Nighthawk Gold Expands Inferred Resources 69% In Latest Updated Estimate
Nighthawk Gold (TSX: NHK) has had a timely development, this morning releasing an updated mineral resource estimate for its Indin Lake Gold property while the price of gold smashes past US$2,000 an ounce. The updated estimate has seen significant improvement in terms of pit-constrained mineral resource ounces when compared to a 2021 estimate previously released. […]
Shell To Reverse Course, Exit Russian Operations Entirely After Blowback From Crude Oil Purchase
After getting caught with its hands in the cookie jar, it appears that Shell plc (NYSE: SHEL) is undergoing a change of heart. After the company saw significant blowback last week from buying Russian Oil and effectively continuing to fund the nation, Shell this morning announced that it will be reversing course. The company now […]
Elevation Gold Looks To Raise $12.0 Million At First Sign Of Positive Sector Tailwinds
The trouble with junior gold companies, is that they always try to raise funds the moment there is a whiff of bullishness in the sector – and before their share price can even react to that sector sentiment. Elevation Gold Mining (TSXV: ELVT) is the latest firm to fall prey to this, announcing a financing […]
Canopy Growth Removed From S&P/TSX 60 Index
In a sign of just how far the Canadian cannabis sector has fallen, original sector heavyweight Canopy Growth Corp (TSX: WEED) is set to be deleted from the S&P/TSX 60 Index. The index represents the 60 largest and most liquid equities within the Canadian capital markets. It was announced Friday evening by S&P Dow Jones […]