Riverside Resources Inks US$31 Million Earn-In Agreement To Jumpstart Exploration At La Union Project
Riverside Resources (TSXV: RRI) announced today an exploration earn-in option agreement with the Mexican subsidiary of Hochschild Mining for the company’s wholly-owned La Union gold-silver project in Sonora, Mexico. Total consideration for the agreement can reach up to US$31.0 million. “The intention for the program is to initially conduct property wide sampling, improved mapping, and then […]
The Parent Company Posts $33.2 Million In Revenue, $33.5 Million Net Loss In Q1 2022
TPCO Holding Corp. (NEO: GRAM), also known as The Parent Company, announced on late Monday its Q1 2022 financials. The company reported a quarterly revenue of $33.2 million, down from Q1 2021’s revenue of $39.9 million. “As announced on March 31, 2022, the Company intends to maintain a minimum cash balance of approximately $100 million at fiscal 2022-year […]
Pure Gold Sees Q1 Results Outline Poor Financial Position
Pure Gold Mining (TSXV: PGM) early this morning posted its first quarter 2022 production results. The short of it is that the company has become very good at losing significant sums of money. Gold production for the three month period amounted to 6,653 ounces, a decline of 12% from the 7,656 ounces produced in the […]
Carbon Streaming Reveals First Energy Efficiency Carbon Credit Stream
Carbon Streaming Corp (NEO: NETZ) this morning announced its latest carbon credit streaming arrangement. The latest project will see the firm head to Africa, where it is working to support the implementation of safe water solutions and fuel efficient cookstoves across five countries. The arrangement will see the company partake in a project focused across […]
Very Good Food Company Hits Cash Crunch, Has 30 Days To Raise Funds
The Very Good Food Company (TSXV: VERY) by all accounts looks to be a slow moving train wreck. The firm released its first quarter financial results early the morning, which were headlined with significantly decreased revenue, as well as a going concern note. Revenue has seemingly disappeared over the course of a single quarter, with […]
Emerita Resources Increases Romanera Drill Program To 70,000 Metres
Hot off the heels of receiving drill permits for its La Romanera property, Emerita Resources (TSXV: EMO) is evidently looking to turn things up a notch. The firm this morning revealed plans to substantially increase the size of the planned drill program, while also accelerating the program at the same time. The company has reportedly […]
Tilray Brands Attempted To Buy Hexo For Up To $3 Per Share In November – But Was Rejected
Yesterday, Hexo Corp (TSX: HEXO) filed a management information circular related to the arrangement entered into with Tilray Brands (TSX: TLRY). While it relates to Tilray’s purchase of outstanding debt owed by Hexo, as it turns out, Tilray in fact tried to initially purchase the cannabis operator as a whole – at a premium. This […]
Canadian Home Sales Slump in April as Rising Interest Rates Bite
Home prices across Canada fell for the first time in two years last month, as an increasing number of buyers remain on the sidelines amid rising borrowing costs. Latest data from the Canadian Real Estate Association showed that the national home price slumped 0.6% between March and April, marking the first decline since April 2020, […]
Xebec Adsorption: Canaccord Cuts Target On “Significantly Weaker Than Expected” Quarter
Last week Xebec Adsorption (TSX: XBC) announced its first quarter financial results. The company reported revenues of $41.2 million, up a little over 100% year over year. Though the company only grew its gross margins by 10% to $4.6 million, for a gross margin percentage of 11%, compared to 20% during the same time last […]
McDonald’s Selling Russian Operations to Local Buyer, To Debrand All Restaurants
After more than three decades, McDonald’s (NYSE: MCD) decided to pull the plug on its Russian operations, and sell all of its restaurants to a local buyer. After pausing all Russian operations back in March in response to Moscow’s military operation in Ukraine, McDonald’s re-evaluated its business strategy, deciding to leave the country entirely. The […]