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 […]
BMO: IAMGOLD Has A Funding Gap
Last week, IAMGOLD Corporation (TSX: IMG) reported its second-quarter results. The company said it produced 170,000 gold attributed ounces, down 4,000 ounces or 2% from the last quarter. The firm said it realized an average gold price of $1,799, slightly down from the $1,813 during the previous quarter, while the company’s cost of sales per […]
Margaret Lake Diamonds: The Minority Owner Of The Diagras Diamond Project
Margaret Lake Diamonds Inc. (TSXV: DIA) is a Vancouver-based junior mineral exploration company that holds an 18.5% interest in the 48,346 hectare Diagras Diamond Project, a joint venture with Arctic Star Exploration Corp. (TSXV: ADD). The Diagras property is located in the northeastern part of the prolific Lac de Gras kimberlite field, approximately 300 kilometres […]
Lucid Group: Near-Term Equity Offering Seems Likely
On August 3, Lucid Group, Inc. (NASDAQ: LCID) reported 2Q 2022 results that must be considered extremely disappointing in almost all dimensions. The company dramatically cut its already reduced 2022 production guidance and burned through US$823 million of cash in the quarter, an enormous problem which promises to worsen further and seems likely to force the company to […]
China Sanctions Pelosi Over Taiwan Visit, Ends Cooperation, Military Ties with the US
It turns out that Nancy Pelosi’s controversial visit to Taiwan did not disappoint in terms of angering China, which on Friday announced a series of undisclosed sanctions against the house speaker herself, as well as an end to cooperation with the US on a number of key issues. China has begun its infuriated retaliation campaign […]
The Arbitrage Opportunity of the Century: Natural Gas Shipments From the US to the EU
You know what they say, never let a good conflict go to waste! With Russia actively at war with Ukraine and Europe’s energy future in peril, the US has found itself in a lucrative position to ship some of its natural gas supplies overseas— but just how good of a deal is it? Europe, which […]
Green Thumb: Despite Earnings Beat, Analysts Lower Targets On Sector Headwinds
On August 3, Green Thumb Industries (CSE: GTII) reported its second quarter financial results. The company announced that revenue grew 5% sequentially and 15% yearly to $254.3 million. The company reported gross profits of $125.8 million or 49.5%, while profits were up notionally from $122.9 million, and margin was down from 55.4% last year. Selling, […]