Bank of Canada Delivers Another Colossal 50 Basis-Point Rate Hike
Canada’s central bank embarked on yet another hawkish tightening cycle, this time raising its overnight policy rate by 50 basis points for the second time in a row. Policy makers led by Governor Tiff Macklem brought borrowing costs to 1.5% on Wednesday morning, acknowledging that inflation is a lot more entrenched and persistent than its […]
After Causing Investors To Lose US$116 Million, SCWorx Agrees To US$1.2 Million Settlement
The Securities and Exchange Commission announced on Tuesday that it has filed securities fraud charges against SCWorx Corp. (Nasdaq: WORX) and its founder and former CEO Marc Schessel regarding the company’s misrepresentation of its COVID-19 rapid test kits purchase in April 2020. “We allege that the defendants engaged in an age-old fraud—lying about their business prospects—to […]
Vermilion Energy Acquires Montney-Focused Energy Explorer Leucrotta For $477 Million
Vermilion Energy Inc. (TSX: VET) announced on Tuesday that it has closed the acquisition of Leucrotta Exploration Inc. (TSXV: LXE). The transaction is reportedly for a total consideration of approximately $477 million. The acquisition entails purchasing all of Leucrotta’s outstanding shares, not including the 2.9% equity already held by Vermilion, at $1.73 per share. This […]
Arctic Star Discovers Another Kimberlite Pipe At Diagras Project
Arctic Star Exploration (TSXV: ADD) has made a major new discovery at its Diagras project in the Northwest Territories. The company has discovered a new kimberlite pipe under its ongoing drill program, referred to as Arbutus. The pipe is currently believed to be 200 metres long and 25 metres wide based on current drill intercepts […]
Aton Resources Hits 7.04 g/t Gold, 47.2 g/t Silver, 0.63% Copper, 7.18% Zinc Over 36.90 Metres
Aton Resources (TSXV: AAN) has evidently struck gold in Egypt. The firm this morning reported strong assay results from a recent phase two drill program conducted at its Rodruin project in Eastern Egypt. “The mineralisation at Rodruin is clearly unusual and is structurally complex, as we have appreciated since its initial discovery, and our exploration […]
Gatekeeper Systems Signs Master Services Agreement With National Express
Gatekeeper Systems (TSXV: GSI) continues to execute upon its business strategy. The firm this morning announced a potentially major development, in that it has entered into a master services agreement with National Express, LLC. The master services agreement will see the company enter into what is effectively a perpetual contractual framework. Under this framework, services […]
BlackBerry Looks For Alternative Buyers For Legacy Patents After Catapult Fails To Secure Funds
It appears that a significant monetization event for BlackBerry Limited (TSX: BB) may not be proceeding after all. The firm this morning indicated that it has exited an exclusivity period previously entered into with Catapult IP Innovations related to the sale of a portfolio of patents. The sale, initially announced in late January, was set […]
Mako Mining Discovers Multiple Veins At Las Conchitas North
Mako Mining (TSXV: MKO) has made further discoveries at its San Albino-Murra property. The latest discoveries were made at the Las Conchitas-North region of the property, where recent drilling has been focused by the company. The most recent round of drilling has discovered both the Tirado and the Mina Francisco veins. Early indications point to […]
1.21 Gigawatts!?! The DeLorean EV Has Arrived
Almost two months after teasing an all-electric incarnation of the ‘80s DeLorean DMC-12 that was featured in Back to the Future, the DeLorean Motor Company has finally given a first look into the Alpha 5 electric vehicle (EV). The DeLorean EV honors the iconic look of the original — is it even a DeLorean without […]
Gun Stocks: Smith and Wesson
Firearms manufacturer Smith and Wesson Brands (NASDAQ: SWBI) closed at $15.20 this past Friday. That puts it up +9.04% since a high profile and very disturbing school shooting May 24 in Uvalde, Texas (21 dead), and up +7.5% since a racially charged May 17th shooting in a Buffalo, NY grocery store (10 dead, 3 wounded). […]