Argonaut Gold: Canaccord Slashes Target To $0.65 Following Dilutive Financing
On July 5, Argonaut Gold (TSX: AR) announced that they closed a C$195.3 million offering that saw the sale of 434 million shares at C$0.45 per share. The company says that the net proceeds will be used “for the construction of the Company’s 100% owned Magino project in Ontario, Canada and for general corporate purposes.” […]
France Announces Plan To Take 100% Control Of Utility Firm EDF, Company To Launch CEO Succession Process
The French government announced its plans to fully nationalize the country’s power utility giant Électricité de France (EDF). The state, which already owns 84% of the firm, is set to take the entire ownership of the electricity producer. “I confirm to you today that the state intends to control 100% of EDF’s capital,” Prime Minister […]
Who Will End Up Paying For Germany’s Gas Once Russian Taps Close?
Underlying Germany’s draft law that would essentially allow the government to bail out ailing energy companies like Uniper, there lies a measure that could potentially dictate the country’s local gas prices. Berlin put forth a reform to the energy security law which would enable the government to aid energy firms struggling with rising prices through […]
Gatekeeper Systems Receives $2.35 Million Contract Renewal From SEPTA
Gatekeeper Systems (TSXV: GSI) this morning continued to expand on a relationship already in place with the Southeastern Pennsylvania Transit Authority. The firm has been awarded another purchase order from the firm, which follows a $5.1 million order received in May. The latest purchase order consists of a one-year contract extension related to vehicle video […]
NGEx Minerals Intersects 0.51% Copper, 0.27 g/t Gold Over 989 Metres
NGEx Minerals (TSXV: NGEX) continues to hit extensive intercepts of copper mineralization at its Los Helados project in Chile. The firm last night released results from another hole, with final results from the ten hole drill program expected to be released in the coming weeks. Highlights from the results include: LHDH077: 989 metres of 0.51% […]
Emerita Resources Hits 2.13 g/t Gold Over 39.9 Metres
Emerita Resources (TSXV: EMO) this morning provided additional results from the ongoing drill program at the Romanera Deposit at its Iberia Belt West property, found in Spain. A total of three results were released this morning, with results pointing to higher than expected gold and silver grades when compared to historical results for the region. […]
GameStop To Proceed With 4-For-1 Stock Split
GameStop (NYSE: GME) is evidently looking to boost its share price via a means that has worked successfully for a number of major corporations as of late: a stock split. The firm made the announcement last night. The split is to be put in effect via the use of a stock dividend. Shareholders on record […]
CME Group To Change Lumber Futures: Smaller Contract, More Species
CME Group is set to launch a new lumber futures contract on August 8. The new derivative is said to feature a more precise hedging acumen and is designed to be more accessible to producers. The new futures are now sized at 27,500 board feet, characterized by the derivative exchange as “a single truckload to […]
Canadian Cattle Ranchers Call On Government To Investigate Inflated Meat Prices
A group of cattle producers are calling foul on surging meat prices, arguing that there is a substantial “imbalance” between the costs consumers are paying for meat and the prices ranchers receive. The Saskatchewan Stock Growers Association is calling on both the provincial and federal governments to look into what appears to be a discrepancy […]
Bitcoin Miners Core Scientific, Bitfarms Announce Major Bitcoin Liquidations in June
Aside from being a round number, the US$20,000 vicinity does anecdotally appear to be a key pivot point for Bitcoin prices. The reason: at least two major Bitcoin miners appeared to “throw in the towel” on the digital currency in June. Specifically, Core Scientific, Inc. (NASDAQ: CORZ) announced on July 5 that it had liquidated 7,202 self-mined Bitcoin […]