SPAC Alberton Acquisition Faces Nasdaq Suspension After Last Proposed Merger Failed
Special purpose acquisition company Alberton Acquisition Corp. (Nasdaq: ALAC) announced that its proposed merger with energy firm SolarMax has been terminated by the latter. The failed business combination was the last chance for the SPAC to continue trading on the Nasdaq Stock Market. The blank check firm has been granted extensions by the big board […]
Aztec Minerals: Drill Results Continue To Expand California Zone – The Daily Dive
Today on the Daily Dive, we sit down with Simon Dyakowski, President and CEO of Aztec Minerals (TSXV: AZT). Simon joins us this afternoon to discuss the impact of interest rates on the precious metals markets, the launching of the first critical minerals strategy in Canada, and ongoing commodity market impacts from geopolitical tensions. Also […]
Gold, Silver, Crude Sent Plummeting Amid China’s Covid-19 Resurgence, Russia-Ukraine War Escalation
Gold, silver, and oil fell sharply on Monday morning, as traders’ demand for commodities soured amid rising Covid-19 cases in China and an escalation of tensions between Russia and Ukraine. The price of gold was down to almost a 4-week low this morning while silver slumped to the lowest in nearly nine weeks, as a […]
WELL Health Expects Over $120 Million In Revenue For Q1 2022
WELL Health Technologies Corp. (TSX: WELL) released today its preliminary results for Q1 2022. The company is expecting quarterly revenue “to be greater than $120.0 million”, up from Q4 2021’s revenue of $115.7 million. The company is also anticipating operating adjusted EBITDA to be north of $20 million and free cash flow around $10 million. This comes after […]
Trevali Focuses On Dewatering Perkoa Mine Following Flooding
More than a week after the initial flooding event, Trevali Mining (TSX: TV) is still dealing with the immediate impact the weather event has had on its operations at its Perkoa Mine. The company this morning indicated that it is still continuing search and rescue efforts for missing miners, while also revealing its rehabilitation efforts. […]
Elon Musk Set To Own Twitter For US$43 Billion
After weeks of speculations, Twitter (NYSE: TWTR) is finally close to accepting the “best and final” offer to buy the social media giant by Elon Musk. The Tesla chief offered to purchase all of the firm’s outstanding shares at US$54.20 per share in an all-cash deal, reportedly for a total consideration of US$43.0 billion. According […]
Very Good Food Co Sees Interim CFO Resign From Role
Things are evidently getting so bad at The Very Good Food Company (TSXV: VERY) that even interim executives are leaving the company. The company has now seen President and Interim CFO Ana Silva resign from the company. Silva had been in the role of President since January 2021, arriving at the firm following a stint […]
Kinross Sells Chirano Mine For $225 Million To Asante Gold
Kinross Gold (TSX: K) continues to monetize assets. The company this morning announced that it will be selling its Chirano Mine to Asante Gold (CSE: ASE), which follows the recent sale of its Russian assets at firesale prices. The transaction will see the company sell its stake in the mine for $225 million in cash […]
Pegasus Resources Looks To Begin Exploring Mozzie Lake Uranium Property
Hot off the heels of receiving exploration permits for its Pine Channel uranium property within the Athabasca Basin of Saskatchewan, Pegasus Resources (TSXV: PEGA) is looking to conduct additional exploration in the region. The company this morning indicated it has begun the process of applying for exploration permits for its Mozzie Lake property. Also found […]
Sprott Uranium Miners ETF Expected To Launch This Week
It appears that Sprott Inc (TSX: SII) has nearly completed its move to double-down on the uranium sector. It’s being reported on social media that the company has completed the reorganization of the North Shore Global Uranium Mining ETF (NYSE: URNM), a move that was originally announced by the company back in November 2021. The […]