Blue Lagoon Raises Additional $1.5 Million, Sees Crescat Capital Participate Yet Again
Blue Lagoon Resources (CSE: BLLG) continues to see Crescat Capital increase its equity in the firm. The investment follows the macro asset management firm providing a lead order within a $5.7 million non-brokered private placement just last month. The latest round is serving as a second tranche of that non-brokered financing. The tranche itself amounted […]
Elon Musk: Tesla Must Become More Involved in Lithium Mining
Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk, almost certainly the most influential business figure in the world (and perhaps the most influential person on the planet) currently, tweeted out on April 8 that Tesla may have to become directly involved in lithium mining. The price of lithium, which may be the most indispensable metal used in […]
New Found Gold Hits 119.45 g/t Gold Over 2.40 Metres
New Found Gold (TSXV: NFG) this morning released further drill results from its ongoing exploration program at its flagship Queensway property in Newfoundland. The results this morning come from the Keats zone, the main discovery on the property to date. Results released this morning consisted of a further 45 drill holes, which were focused on […]
BMO: “Russian Grain Will Likely Flow.. At What Discounts Remain To Be Seen”
Last week BMO Capital Markets hosted a fireside call with a number of U.S Midwest-based agriculture commercial lenders. This comes after companies scramble to find inputs as fertilizer purchases are now being rationed due to fears around Russian sanctions. The first point within the BMO note on the topic is that though grower sentiment remains […]
Shopify Proposes CEO To Hold A Trump Card On Voting Power
Shopify Inc. (TSX: SHOP) is looking to preserve its CEO’s voting power with a proposal to launch a “founder share” that will effectively cement the chief officer’s 40% voting power. The firm announced this along with its 10-for-1 stock split proposal. The e-commerce giant plans to authorize a new class of shares — a “founder […]
Endeavour Silver Produces 2.0 Million Silver Equivalent Ounces In Q1 2022
Endeavour Silver Corp. (TSX: EDR) shared this morning its production update for Q1 2022. The release highlighted a silver equivalent production of 2.0 million ounces, marginally up from Q1 2021’s 1.9 million ounces. The quarterly production consists of 1.3 million silver ounces and 8,695 gold ounces, compared to last year’s 1.0 million silver ounces and […]
Red Light Holland Acquires 100 Acres Of Land To Grow Mushrooms
Evidently there is big money within the mushroom market. Red Light Holland (CSE: TRIP) this morning indicated it is dropping $1.85 million for the purchase of 100 acres of farmland in Ontario, which will be used for the production of mushrooms. The property, found in Peterborough, Ontario, is set to be used for the production, […]
Teck Resources Falls Short Of Q1 Steelmaking Coal Guidance
Teck Resources (TSX: TECK.B) appears to be handling its operations in British Columbia well despite significant logistics interruptions in the region as of late. The firm this morning provided an update on its steelmaking coal sales and pricing, indicating steelmaking coal sales hit 6.0 million tonnes during the quarter. While the figure of 6.0 million […]
Labrador Uranium Looks To Conduct $7.0 Million Charity Flow Through Bought Deal
Interest in the uranium space appears to be heating up, with a new issue in the sector announcing a financing this morning. Labrador Uranium (CSE: LUR), whom came public just last month, this morning indicated it intends to conduct a flow through financing. The financing will see the company look to raise gross proceeds of […]
Treasury Metals Closes On 2.2% NSR Sale To Sprott
Treasury Metals (TSX: TML) has closed on a royalty agreement with that of Sprott Resource Streaming and Royalty Corp. The royalty arrangement is related to the firms flagship asset, the Goliath Gold Complex, found in Ontario. The arrangement has seen Sprott take a 2.2% net smelter returns royalty on the property in exchange for US$20.0 […]