Galaxy Digital Widens Losses In Q2 2022 As ‘Crypto Winter’ Bites Harder
Galaxy Digital Holdings Ltd. (TSX: GLXY) released today its Q2 2022 financial results, which saw the company posting a net comprehensive loss of US$554.7 million. This is a decline from Q1 2022’s net loss of US$111.7 million and Q2 2021’s net income of US$22.1 million. The company attributes the widening losses to net realized and […]
Commodities & The Future Of Battery Metals
Joining SmallCapSteve today is Anthony Milewski, Chairman of Nickel 28 Capital Corp (TSXV: NKL). Anthony talks about the current state of Nickel 28 and the nickel market, while also sharing his insights into a host of topics including the impact of the situation in Russia and Ukraine on hydrocarbons, Europe’s dependence on Russian gas, and […]
Elon Musk Challenges Twitter CEO Parag Agrawal To Public Debate On Bot Data
Elon Musk over the weekend issued a challenge to Twitter (NYSE: TWTR) CEO Parag Agrawal to publicly debate the data that the company reports on its spam bots and fake accounts. This was part of a series of posts that stemmed from a cybersecurity researcher’s summary of the countersuit that the billionaire filed against Twitter […]
Virtual Land Value Is Virtually Gone
Apparently, unlike its real-world counterpart, virtual land valuations depreciate. After its much-talked about investing boom last year that saw multimillion dollar purchases, the metaverse real estate industry has seen a dramatic fall in the first half of the year. Based on the data published by The Information, “the average price per parcel of virtual land […]
US Regulators Certify Country’s First-Ever Small Modular Nuclear Reactor For Usage
As the world reluctantly turns to nuclear power amid the energy crises, a recent development in the modular nuclear space could push the propagation of the industry in the United States. NuScale Power (NYSE: SMR) recently secured for its small modular nuclear reactor prototype a certification for use in the country from the U.S. Nuclear […]
Zoltan Pozsar: “We Need A Recession To Curb Inflation”
For Credit Suisse contributor Zoltan Pozsar, the current economic situation isn’t just a mere economic event that would be tapered by fiscal policy. Thus, the ballooning inflation shouldn’t be viewed and treated as such, and even be addressed with out-of-the-box solutions like an induced recession. “Welcome to the war economy…where heads of state matter more […]
Galaxy Digital Sees Assets Under Management Jump 23.5% In July
Galaxy Digital (TSX: GLXY) has seen a strong rebound in total assets under management. The firm on Friday released the latest preliminary figures for the month of July, demonstrating strong AUM growth versus the decline experienced in the prior month. Total assets under management jumped to $2,096.6 million during the month of July, a substantial […]
Uranium Energy To Now Acquire UEX Corp For Implied Consideration Of $0.49 Per Share, Denison Mines Walks From Discussions
Uranium Energy Corp (NYSE: UEC) has upped its prior offer to acquire UEX Corp (TSX: UEX) following the announcement of Denison Mines (TSX: DML) making a better bid last month for the uranium firm. The revised offer came across on Friday after hours from UEC, with Uranium Energy at the time stating that the revised […]
NG Energy Begins Production At Maria Conchita Gas Field
It may have taken longer than initially forecasted, but NG Energy (TSXV: GASX) has officially transitioned from a gas explorer to a gas producer as of this morning. The firm has seen its Maria Conchita gas field connected to pipeline infrastructure and has begun flowing gas. The company has connected to the Colombian National Gas […]
Tesla To Proceed With Three For One Share Split
Tesla (NASDAQ: TSLA) on Friday confirmed that it will be proceeding with a previously proposed stock split. The announcement follows shareholders granting approval for the company to expand upon its number of permitted shares outstanding at a shareholder meeting held last week. The stock split is set to occur at a ratio of three for […]