Genesis Revealed With US$2.36 Billion Exposure To 3AC As Firm Goes Bankrupt
Following its assets being frozen by a New York court, the liquidation process of Three Arrows Capital is now in the works after the firm has filed a Chapter 15 bankruptcy. One of the creditors, Genesis Asia Pacific, is now revealed to have lent the crypto firm around US$2.36 billion, making it one of the […]
Bailout Signs: Uniper Draws From Winter Storage, Applies For €2-Billion Credit Line Extension
German energy giant Uniper seems to be doing everything short of implementing the bailout themselves directly from the government just to save its troubled situation. The company has warned that its insolvency status is just within “a few days” after it has started to draw from its energy reserves meant for winter. “We are currently […]
3AC Bankruptcy: Founder Zhu Su Among Liquidation Claimants With US$5 Million Loan
Can you lend your own money to your company? In what seems to be an unbelievable twist, Three Arrows Capital founder Zhu Su is revealed to be one of the lenders that the beleaguered company needs to settle its debts with. Earlier this month, 3AC filed a Chapter 15 bankruptcy to shield its US assets […]
What’s Happening to Silver and Gold Right Now? – With Peter Krauth
Joining SmallCapSteve for the first time is Peter Krauth, author of The Great Silver Bull. Peter sits with us to share his expertise in silver prices and where he thinks they are heading. The author also shares his thoughts on the Bank of Canada’s decision to raise interest rates by 100 basis points, JPMorgan spoofing, […]
K92: BMO Trims 2022 Production Estimates After Q2 Results
K92 Mining Inc. (TSX: KNT) reported its second quarter production results last week. The company announced that it produced 22,934 ounces of gold, 1,229,961 pounds of copper, and 25,224 ounces of silver, equating to 26,085 gold equivalent ounces. The company reiterated its production guidance of 115,000 to 140,000 gold equivalent ounces for the full year […]
Gazprom Reportedly Activated Force Majeure On Major Nord Stream Supply Obligation
The feared gas doomsday might arrive earlier than anticipated after Russian state-run oil firm Gazprom has reportedly declared the force majeure clause on at least one of its gas contracts. In a letter seen and reported on by Reuters, the Russian oil giant communicated to at least one major customer that it would not be […]
Terra Balcanica To Benefit From Positive Legislative Changes In Bosnia
Recent legislative changes in Bosnia have proven positive for Terra Balcanica Resources (CSE: TERA). Recent changes, which became law on Friday, extend the exploration period permitted for junior mining firms. Under prior legislation, concessions were allowed a maximum of 4.5 years of exploration activities before converting to mining concessions. Inherently, this meant that a measured […]
Acreage Holdings Doles Out $4.5 Million In Additional Bonuses To CEO, CFO
Acreage Holdings (CSE: ACRG.A) evidently believes both its chief executive officer and chief financial officer are doing a swell job. Last Monday, the firms board of directors elected to provide the two executives with significant bonuses “for their continued service and dedication to the company.” The bonuses are reportedly being utilized to “incentivize” the two […]
G Mining Ventures Sees Franco-Nevada Take 9.9% Stake As Part Of $481 Million Financing Package
G Mining Ventures (TSXV: GMIN) has evidently attracted the eyes of major producers. The firm this morning revealed that it has entered into binding commitments with Franco-Nevada (TSX: FNV), Eldorado Gold (TSX: ELD), and two separate funds for a financing package worth $481 million for its Tocantinzinho Gold Project. The finance package is set to […]
Amazon Plans to Add Jobs in the UK Despite Broader Tech Slump
Amazon (NASDAQ: AMZN) has decided to boost its workforce in the UK, despite a broader downturn in the tech industry in wake of rapidly rising inflation and interest rates. The e-commerce giant on Friday announced it will be adding 4,000 new permanent positions across the UK this year, which will be spread across the company’s […]