London Metal Exchange Is Being Sued For US$456.4 Million Over… Human Rights Violations?
The London Metal Exchange and LME Clear have been named defendants in a judicial review claim filed by New York investment firm Elliott Associates. The suit, served on Thursday, is related to the nickel trading suspension on March 8. “The claim seeks to challenge the decisions giving effect to and maintaining the cancellation of the […]
Gary Ng Fined $5.0 Million By IIROC, Receives Permanent Registration Ban Related To PI Financial Purchase
It appears that the Investment Industry Regulator Organization of Canada, or IIROC for short, has finally begun to settle matters as it relates to Gary Ng. The matters, which were extensively covered by Deep Dive contributor Braden Macke, relate to Ng’s purchase of a stake in PI Financial, and the actions he undertook to obtain […]
Gatekeeper Systems Secures $8.0 Million For Working Capital Via TD Bank
Gatekeeper Systems (TSXV: GSI) is now cashed up and ready to pursue a strategy of significant growth. The firm this morning indicated it has entered into credit facilities that will provide the company with the required working capital to fulfill recent contracts, such as a master services agreement with National Express, and push for growth. […]
Hut 8 Mining Sees Operations Continue To Be Impacted By Spiking Electricity Costs
The rising cost of electricity appears to be causing an impact for at least one cryptocurrency miner. Hut 8 Mining (TSX: HUT) this morning released its production figures for the month of May 2022, indicating that fluctuating power costs is decreasing its production rates at at least one facility. The company this morning indicated that […]
Standard Uranium Looks To Raise Up To $3.5 Million
Standard Uranium (TSXV: STND) is looking to give a boost to its balance sheet. The junior explorer whom is focused on the Athabasca Basin of Saskatchewan this morning indicated it intends to conduct a fully marketed private placement via Red Cloud Securities. The financing will see the company look to raise up to $3.5 million […]
California Representative Calls On Biden To Tackle Inflation With A “Bolder Vision And “Faster Action”
In an op-ed published in The New York Times, Ro Khanna, a Democrat representing the 17th district of California, called on President Joe Biden to do more to lower prices and help Americans fight inflation. Khanna said that while he supports the president’s efforts, he believes that the United States needs “a bolder vision and […]
Prime Meridian: Mexico Copper Project Is A Potential Game Changer
Prime Meridian Resources Corp. (TSXV: PMR) is aggressively increasing its footprint in the prolific Red Lake Gold District of northern Ontario and is conducting exploration on its Kelly Property near Sudbury, Ontario. However, the Company made its most significant strategic move to date with the planned acquisition of the 2,439-hectare La Verde copper-silver property in […]
Fisker: Watch What I Do, Not What I Say
In a possible (likely?) preview of the dilutive actions that many electric vehicle (EV) makers will have to make, on May 24 Fisker Inc. (NYSE: FSR) announced a US$350 million at-the-market stock issuance to fund its EV development program. At Fisker’s equity price at the time of announcement, this represents the eventual issuance of around 35 million shares, a […]
Canopy Growth Sees Canaccord Cut Price Target To Just $4.50 After Terrible Q4 Results
On May 27, Canopy Growth (TSX: WEED) reported its fiscal fourth-quarter financial results for the period ending March 31, 2022. The company reported net revenues of $111.8 million, down 25% year over year. While its fourth-quarter gross margin percentage was (142%) and its adjusted gross margins came in at (32%). Lastly, the company saw its […]
Creampie Surprise: How Did The Cake Incident Affect the Mona Lisa’s Value?
A covert attack mounted by a not-very-well-disguised assailant has shocked the art world, and given history’s most famous smile a very sudden, very messy facial. An official statement from the Louvre reports that the protective glass that surrounds the Mona Lisa bore all of the impact, and that the painting remains unharmed, but the high […]