enCore Energy To Purchase Energy Fuel’s Alta Mesa Uranium Project For US$120 Million
enCore Energy (TSXV: EU) is continuing to consolidate assets within the uranium sector. The firm this morning revealed it has entered a definitive arrangement with Energy Fuels (TSX: EFR) to acquire the Alta Mesa In-Situ Recovery uranium project, which is found in the state of Texas. “This acquisition further cements enCore’s commitment to near-term US-based […]
Terra Balcanica Looks To Conduct Small Financing
Terra Balcanica (CSE: TERA) this morning indicated that they will be conducting a small private placement. The firm is looking to raise funds via the sale of units at $0.10 per each. The total financing will looking to raise $500,000, via the sale of 5.0 million units. Each unit contains one common share and one […]
Galaxy Digital: BMO Anticipates Contagion From FTX To Impact Firm
As crypto is facing its own Leman Brothers’ moment, with the third largest exchange stopping withdrawals, filing for bankruptcy, and the company’s CEO, Sam Bankman-Fried, jumping ship. It has sent ripples throughout the sector, including the public crypto-related companies. BMO Capital Markets put out a note on Galaxy Digital Holdings Ltd. (TSX: GLXY), who just […]
Crypto Armageddon: Has Started? Is It Just A Ponzi Scheme? — With Dirty Bubble Media
Joining SmallCapSteve today is Mike Burgersburg of Dirty Bubble Media. Mike was instrumental in the events surrounding CZ and SBF, and FTX in the past couple of weeks. He joins us today to talk about crypto and all that he’s uncovered in his research. [Intro] Good afternoon everybody. Today I am joined with Mike Burgersburg […]
Elon Musk’s Twitter Obsession Is Hurting Tesla; Stock Has Been Taken Off Wedbush’s ‘Best Ideas’ List
Elon Musk’s role as the new owner of Twitter is getting in the way of Tesla’s (Nasdaq: TSLA) success. Wedbush analyst Dan Ives on Thursday removed the electric vehicle maker from his ‘Best Ideas’ list in the wake of what he calls the “Twitter train wreck disaster.” Ives points out that it has been a […]
FTX: Who Actually Owns The Robinhood Shares?
Details on the recent bankruptcy filing of Sam Bankman-Fried’s FTX Group continue to come out, and quite frankly, the more details that are released, the more confusing the entire situation appears to get. The Financial Times late Saturday released a copy of the FTX balance sheet, which is said to be current as of Thursday, […]
Aside From $8 Blue Checks, Here’s How Elon Musk Is Ruining Twitter
Twitter launched Elon Musk’s $8 per month subscription and the results were the antithesis of what the blue check mark’s purpose was–verification. The effect was ruinous, so much that the new CEO pulled it back, putting to bed the work of rushed developers who had to meet his deadline or get fired. For now, Twitter […]
Major Russian Bank Starts Cutting Luxembourg Workforce Amid ‘Unprecedented’ Challenges
Major Russian bank East West United Bank is axing almost half of its workforce as it faces numerous business challenges following Moscow’s invasion of Ukraine. On Thursday, East West’s 80 employees in Luxembourg were told that up to 44 of them will no longer have jobs, as the bank undergoes a substantial “decline in business” […]
The Rise and Fall of FTX Explained
“I fucked up and should have done better” – that’s the tweet just sent out from Sam Bankman-Fried, founder of FTX. In case you haven’t been watching financial media over the last week, the second-largest crypto exchange in the world has gone insolvent right before our eyes. This will have ripple effects throughout the crypto […]
Not Just A Sports Company: The NBA’s Investment Arm Now ‘Open for Business’
The National Basketball Association has recently formalized its investment arm and is now “open for business” and looking to invest in more startups globally. David Haber, NBA’s Chief Financial Officer, said that the new NBA Equity division is looking to gain equity stakes in businesses across categories including apparel, fitness, media, merchandising, fantasy sports, fan […]