Trevali Focuses On Dewatering Perkoa Mine Following Flooding
More than a week after the initial flooding event, Trevali Mining (TSX: TV) is still dealing with the immediate impact the weather event has had on its operations at its Perkoa Mine. The company this morning indicated that it is still continuing search and rescue efforts for missing miners, while also revealing its rehabilitation efforts. […]
Elon Musk Set To Own Twitter For US$43 Billion
After weeks of speculations, Twitter (NYSE: TWTR) is finally close to accepting the “best and final” offer to buy the social media giant by Elon Musk. The Tesla chief offered to purchase all of the firm’s outstanding shares at US$54.20 per share in an all-cash deal, reportedly for a total consideration of US$43.0 billion. According […]
Very Good Food Co Sees Interim CFO Resign From Role
Things are evidently getting so bad at The Very Good Food Company (TSXV: VERY) that even interim executives are leaving the company. The company has now seen President and Interim CFO Ana Silva resign from the company. Silva had been in the role of President since January 2021, arriving at the firm following a stint […]
Kinross Sells Chirano Mine For $225 Million To Asante Gold
Kinross Gold (TSX: K) continues to monetize assets. The company this morning announced that it will be selling its Chirano Mine to Asante Gold (CSE: ASE), which follows the recent sale of its Russian assets at firesale prices. The transaction will see the company sell its stake in the mine for $225 million in cash […]
Pegasus Resources Looks To Begin Exploring Mozzie Lake Uranium Property
Hot off the heels of receiving exploration permits for its Pine Channel uranium property within the Athabasca Basin of Saskatchewan, Pegasus Resources (TSXV: PEGA) is looking to conduct additional exploration in the region. The company this morning indicated it has begun the process of applying for exploration permits for its Mozzie Lake property. Also found […]
Sprott Uranium Miners ETF Expected To Launch This Week
It appears that Sprott Inc (TSX: SII) has nearly completed its move to double-down on the uranium sector. It’s being reported on social media that the company has completed the reorganization of the North Shore Global Uranium Mining ETF (NYSE: URNM), a move that was originally announced by the company back in November 2021. The […]
Filo Mining: BMO Lifts Price Target To $28 Following Assay Results
This past week, Filo Mining Corp. (TSX: FIL) reported its updated assay results from three drill holes at the Filo del Sol copper-gold-silver property in Chile. The company said the highlight of the results was drill hole FSDH058, which intersected 1,251.5 metres of 0.91% copper equivalent, including 310.0 metres of 1.40% copper equivalent and 6.0 […]
Mexico Nationalizes its Lithium Industry; Adds to Growing List of Positive Fundamentals for the Commodity
Most attractive and long-lasting investment themes, including individual stocks or commodities, are characterized by lengthy periods of positive fundamentals that are briefly interrupted by less constructive news. The current 17-month lithium bull market has clearly been defined by the former characteristic, but any appreciable negative developments have been difficult to ascertain. Lithium is perhaps the most indispensable […]
Whoopsies: Someone Summoned Their Tesla And It Hit A Vision Jet
At a Cirrus event on Friday, someone attempted to use the self-driving “Summon” feature of their Tesla Model Y to disastrous results. The car seemingly demonstrated the capability of Tesla’s (NASDAQ: TSLA) self driving tech by crashing into the tail of a parked US$3.5 million Cirrus Vision Jet. A Reddit user caught the action on […]
Washington Bans Russian Ships From Docking at US Ports
In an effort to further punish Moscow for its invasion of Ukraine, the Biden administration decided to ban Russian ships from docking at all US ports, in line with similar moves imposed by Canada and other European allies. After considering such a move back in March, the White House decided to officially ban Russian-affiliated ships […]