MicroStrategy Attempts To Buy The Bitcoin Dip With $10.0 Million Purchase
It appears that MicroStrategy Inc (NASDAQ: MSTR) is a bit hesitant to buy the dip in bitcoin, despite the grandstanding often done by the company’s founder. The firm this morning provided an update to its bitcoin holdings, indicating it has conducted small purchases over the last two months. A total of $10.0 million in cash […]
Patriot Battery Metals Reports Spodumene Pegmatite Intersected In Nine Holes Under Summer Drill Program
Patriot Battery Metals (CSE: PMET) released an update this morning on its ongoing summer drill program at its flagship Corvette Property, located in Quebec. The program as a whole is expected to consist of 15,000 metres of drilling, focused largely on infill and step out holes. To date a total of 3,110 metres of drilling […]
Rockland Resources Moves Lithium Focus To Utah, Collects 4,080 ppm Lithium Sample
Rockland Resources (CSE: RKL) evidently has acquired new claims in the United States. The claims, referred to as the Lithium Butte property, is found in the Basin and Range province of west-central Utah. The new property is said to consist of 60 lode claims covering 1,200 acres. Located on BLM land, the property is said […]
CSE Issue HODL Sells Out Of Bitcoin, Ethereum Holdings
In terms of the crypto market, there are signs that we may have nearly hit the bottom. Cypherpunk Holdings (CSE: HODL) might be one of those signs, indicating yesterday that it has sold off its crypto assets, despite its ticker symbol being an acronym popularly used in the crypto space as a reference to “hold […]
Newsom, Lawmakers Reach Agreement To Send Californians US$17 Billion in Inflation Relief
California Governor Gavin Newsom, Senate President Pro Tem Toni Atkins, and Assembly Speaker Anthony Rendon have come to an agreement for US$17 billion in inflation relief for millions of taxpayers. According to the agreement which was announced late Sunday night, here’s how the inflation relief package will be broken down: Individuals with income of up […]
BMO Lifts Long Term Uranium Price Outlook To $58 Per Pound
On Sunday BMO Capital Markets released an in-depth report on the uranium market, saying that the recent events in Ukraine have provided a tailwind for the sector as more countries look to build nuclear power plants. BMO writes, “The role of uranium, and wider nuclear technology, in a low-carbon global economy, is becoming ever clearer […]
Robert Friedland’s Ivanhoe Electric Prices June’s Biggest IPO At US$169 Million, But Jim Cramer Says No
Electric metals exploration company Ivanhoe Electric Inc. (NYSE: IE), owned by mining billionaire Robert Friedland, began trading on the New York Stock Exchange today. The firm priced its initial public offering for aggregate proceeds of approximately US$169.1 million, putting the company’s valuation at around US$1.1 billion. The offering consists of 14,388,000 common shares at US$11.75 […]
Are Russian Sanctions Hurting The West More?
SmallCapSteve sits down with Jim Lewis, co-founder of r/WallStreetSilver. Jim sits down with Steve to talk about inflation, interest rates, the potential for a recession, what’s happening in the labor sector, the impact of the Russian oil ban, whether oil and gas are still worth it, and what commodities are still in play or even […]
Russia Rejects Debt Default Claims: “Absolutely Unjustified”
After the White House declared that Russia defaulted on its international bonds–for the first time in more than a century–the country is shunning the characterization of its lender status. “Statements of a default are absolutely unjustified,” Kremlin spokesperson Dmitry Peskov said on Monday. Instead, Moscow said investors blamed the Western financial agents who allegedly received […]
Sri Lanka Shuts Off Fuel Taps As Supply Dries Amid “Complete” Economic Collapse
After admitting the country’s economy has completely collapsed, the Sri Lankan government is closing all fuel pumps for two weeks, save for essential services. This follows after the South Asian nation increased petrol prices by 22% and diesel prices by 15% on Saturday amid virtually running out of fuel reserves. Oil cargoes due for deployment […]