Spey Resources Sees Exploration Get Underway At Quebec Lithium Properties
Exploration has begun on properties recently acquired by Spey Resources (CSE: SPEY) in Quebec within the James Bay region. The four properties were recently obtained by the company via the purchase of Lithium Energy Metal Corp. Spey has wasted no time in terms of getting exploration underway, with the purchase of the properties closing just […]
Pure Gold Mining Suspends Operations At Flagship Mine Due To Cash Constraints
Pure Gold Mining (TSXV: PGM) appears to have hit a wall in terms of turning around its operations as a result of the current financial market conditions. The firm this morning revealed that due to a lack of funding, the PureGold Mine is in the process of being placed into care and maintenance immediately. As […]
Terra Balcanica Hits 1,196 g/t Silver Equivalent Over 2.0 Metres In Latest Drill Results
Terra Balcanica (CSE: TERA) this past weekend released further drill results from drilling conducted at its Viogor-Zanik project, found in Bosnia and Herzegovina. The results come from a first phase drill program, the first hole for which intersected 824.2 g/t silver equivalent over 4.0 metres. The results released this weekend consists of the assays for […]
SNAP Sees Consensus Price Target To $12.47 After Q3 Results
Snap Inc (NYSE: SNAP) on Friday reported its third-quarter financial results. The company announced revenues grew to $1.13 billion, increasing 6% yearly, the slowest it’s ever grown revenues in the company’s history being public. In their investor letter, they say that the quarter was shrouded in “significant headwinds” but re-affirmed investors that they will be […]
Canadian Business Sentiment Slumps to Lowest Since 2020 As Price Pressures Bite
Both consumers and businesses are feeling the pressure of persistently high inflation, causing a sharp deterioration in sentiment in an economy that is barreling towards a recession as early at next year. The Bank of Canada’s quarterly surveys of business and consumer expectations show that sentiment continues to trend downwards as inflation expectations have yet […]
Does California Governor Gavin Newsom’s Demand For Windfall Taxes On ‘Rip-off’ Oil Companies Make Sense?
As gas prices in California soar well above the national average per gallon, Governor Gavin Newsom continues to accuse “greedy” oil companies of “ripping off” Californians at the pump. California’s average price per gallon is $5.88, while the national average is $3.84, according to data from AAA. The governor, who’s seeking reelection, is calling for […]
Smart Move Or Cry For Help? Russia To Create A “Natural Gas Hub” With Turkey
Turkish President Tayyip Erdogan announced on Wednesday that he and Russian President Vladimir Putin had agreed to establish a natural gas hub in Turkey. Speaking to members of his AK Party in parliament, the Turkish leader stated that his Russian counterpart has stated that Europe can acquire its gas supplies from the hub that will […]
Taiwan’s Foxconn Aims To Make Cars For Tesla One Day
Foxconn Technology Group, the Taiwan-based electronics company known for manufacturing iPhones, on Tuesday unveiled prototypes of two new electric vehicles in Taipei: the Model B crossover and the Model V pickup. The two prototypes are the fourth and fifth models coming from the world’s largest contract electronics manufacturer since it announced its entry into EV […]
American Express Reports Solid 3Q 2022 Results; Stock Surprisingly Drops in a Bullish Tape
A popular notion among bullish investors is that the U.S. Federal Reserve will pivot fairly soon to a less restrictive policy, either through a lessening in the magnitude of future hikes from the recent 75 basis-point level, or an outright stoppage of any increases. Such a policy change could allow the economy to skirt a possible […]
Canaccord: NG Energy Has “One Of The Largest Onshore Discoveries From The Last Few Years”
On October 20, NG Energy (TSXV: GASX) announced that it had been successful drilling the Brujo-1x well at their Sinu-9 block in Colombia, under an agreement with CleanEnergy Resources. The company said it drilled the well to a final depth of 8,019 feet in the Lower Magdalena Basin, hitting 680 feet of net gas bearing […]