Roman Abramovich To Lose UK eSIM Company And Two Jets Valued At US$400 Million
This Russian oligarch is having a bad week. Roman Abramovich continues to feel the burn of the sanctions following Vladimir Putin’s war in Ukraine. This week, the billionaire is set to lose Truphone in the UK, and two of his jets in the US. Truphone, the UK eSIM company partly owned by the Russian oligarch that […]
Shopify Gets Shareholder Nod For 10-For-1 Split, Founder’s Perpetual 40% Voting Power
Shopify Inc. (TSX: SHOP) announced today the results of its annual shareholders’ meeting, which saw the approval of all pending proposals across the board. This includes approving the “founder share”– essentially a trump card 40% voting power that CEO Tobi Lütke gets to keep for as long as he is connected with the company. The […]
Vortex Metals: Exploring For Copper & Gold In Mexico
Vortex Metals Inc. (TSXV: VMS) made its public market debut on May 9, 2022. The firm is an early-stage junior mineral exploration company focused on discovering large mineral deposits in North America. The company owns 100% interest in three highly prospective copper-gold projects in southern Mexico; the Riqueza Marina and the Zaachila projects in the State […]
Gran Tierra Rallies After Already Meeting Its 2022 Throughput Guidance In Q2
Gran Tierra Energy Inc. (TSX: GTE) released Tuesday night some production updates, highlighted by an average production of 30,556 barrels of oil per day (bopd) during Q2 2022. This already meets the lower end of the previously announced 2022 guidance of 30,500 – 32,500 bopd, and an increase from Q1 2022’s 29,362 bopd. As the […]
Neptune Wellness To Exit Cannabis Business, Cut Workforce 50%, And Conduct 35 To 1 Reverse Split
Neptune Wellness (TSX: NEPT) is throwing in the towel on Canadian cannabis. The firm this morning announced that it will be focused on consumer packaged goods on a go-forward basis, and as a result will be divesting of its cannabis operations. The decision to close the operation is a part of a strategic review of […]
Uranium Energy Corp Acquires 25 In-Situ Uranium Properties In Wyoming
Uranium Energy Corp (NYSE: UEC) is looking to capitalize on recent comments made by the Biden Administration related to the purchase of $3.5 billion in domestic uranium. The firm this morning revealed it has conducted a property exchange to grow its US landholdings, while also having certain receivables settled. The company this morning indicated that […]
Banyan Gold Raises $16.5 Million To Fund AurMac Development
Banyan Gold (TSXV: BYN) is returning to the market in search of capital for the funding of its 2022 exploration program. The company this morning indicated it it looking to raise proceeds of up to $16.5 million via a financing that is said to already be fully subscribed. The financing will see a combination of […]
Tweet From A Dying Hacker Promises Cryptogeddon Via Telegram Leaks
Shocking resignations, major projects being shelved, fraud allegations–these are the things that await the crypto world once a certain Telegram hacker releases a 137-gigabyte massive leak of litigious conversations involving crypto personalities. On Tuesday, a hacker under the Twitter handle @adyingnobody posted their plan to release Telegram group chats and messages that will implicate crypto […]
Palmer Luckey Calls Taylor Lorenz And WaPo Out: Correction Scandal Is Not An Isolated Incident
Oculus VR founder Palmer Luckey on Monday shared on Twitter that he had also been a victim of sloppy reporting on separate occasions by Taylor Lorenz and The Washington Post. This thread follows days after Lorenz and WaPo were caught in a “correction scandal” for her analysis of the Johnny Depp-Amber Heard trial. Luckey shared […]
Twitter: Market Looks To Be Pricing In A Reworked Deal Between $42 – $45 Range
On June 6, lawyers for Elon Musk sent a threatening letter to Twitter, Inc. (NYSE: TWTR), which could be seen as a prelude to an attempt to terminate (at no cost) his US$54.20 per-share deal to acquire the social media company because of a “material adverse effect.” Mr. Musk accuses Twitter of “resisting and thwarting” his right […]