McEwen Mining Hits 0.83% Copper Over 330 Metres At Los Azules
Exploration continues for McEwen Mining (TSX: MUX) at their subsidiary, McEwen Copper, which is focused on the Los Azules copper project in Argentina. The firm this morning released the latest results from an ongoing 59,000 metre drill program. Presently, 13,500 metres of drilling via 29 holes has been conducted on the property, with roughly half […]
CarLezz? CarLotz Cuts Down 50% Locations, 30% Workforce To Reduce Losses
For CarLotz, Inc. (Nasdaq: LOTZ), the “path to profitability” is paved with store closures and layoffs. The company announced on Tuesday that it is closing down 11 of its dealership stores and won’t be opening the three new locations with executed leases. “We believe the closures should allow us to improve sourcing across a smaller […]
Porn Giant MindGeek’s CEO, COO Exit; Fires 200 Employees
MindGeek, the parent company of adult site Pornhub, confirmed the resignation of its CEO Feras Antoon and COO David Tassillo. The exit of the top two executives happened amid the blowback on the company’s policies in restricting nonconsensual video uploads on its websites. “Antoon and Tassillo leave MindGeek’s day-to-day operations after more than a decade […]
BlockFi Announces US$250 Million Credit Facility Amid Risk Management Woes
Following the Celsius Network crash that dragged bitcoin prices further down, fellow crypto lender BlockFi is determined to set to take itself out of the narrative. CEO Zac Prince announced on Tuesday that the firm inked a US$250M revolving credit facility term sheet with crypto exchange FTX Trading. The proceeds of the debt financing arrangement […]
Viral Diseases Tester Virax Biolabs Prices Upsized US$6.75 Million IPO
Biopharmaceutical company Virax Biolabs Group Limited recently increased its initial public offering size as it applies for a Nasdaq Capital Market listing. The firm is now looking to raise US$6.75 million. The offering consists of 1.35 million common shares, up from the previously announced 1.2 million, selling at US$5.00 per share. The company targets to […]
Will Gold Go Below 1800? – The Daily Dive
Today on The Daily Dive, the founder & CEO of Bubba Trading returns. We sit down with Todd “Bubba” Horowitz to talk about his thoughts on rising costs, the Fed’s efforts to tame inflation, US President Joe Biden blaming oil and gas companies for rising costs, Russia and China’s relationship, a looming global food crisis, […]
Gensource Targets Doubling Capacity To 500,000 Potash Tonnes Annually At Tugaske Project
Gensource Potash Corporation (TSXV: GSP) became the latest firm to up its potash capacity game. The firm announced on Tuesday a commitment with a strategic investor to grow the annual potash production to 500,000 tonnes from 250,000 tonnes at its project located near Tugaske, Saskatchewan. Together with investor and offtake partner, HELM AG and subsidiary […]
The Now Penetrable Fortress: Six-Year Investigation Leads To Fraud Charges Against Founders
It might have taken six years but the Royal Canadian Mounted Police (RCMP) investigation of Fortress Real Developments is finally heading to court. The federal law enforcement arm has officially charged the real estate firm’s founders related to fraudulent acts in its syndicated mortgage investment scheme. The Mounties charged Fortress founders and executives Jawad Rathore […]
Consumer Prices Soar 7.7% as Inflation Becomes Unhinged
Canadians continue to feel the pain of the eye-watering surge in consumer prices, as May’s CPI reading hit a staggering 7.7%— the sharpest annual gain since January 1983. Latest data from Statistics Canada showed that prices continued to rise across the country despite the central bank’s hawkish efforts to tighten ultra-accommodative monetary policies. Following a […]
Altria’s Juul Labs Expected To Be Ordered By US FDA To Remove Products From Market
Altria (NYSE: MO) was dealt a heavy blow this morning when it was reported by the Wall Street Journal that Juul Labs, whom Altria owns a 35% stake in, would be ordered by the US Food and Drug Administration to remove its e-cigarettes from the US market. The decision is expected to be formally announced […]