Emerita Resources To Begin Drilling Romanera Deposit, The “Cornerstone Of The IBW Project”
Drilling of the Romanera deposit as part of the exploration of the Iberia Belt West Project in Spain is set to soon commence for Emerita Resources (TSXV: EMO). The firm this morning reported that the 15 day waiting period related to the issuance of the required drill permits has now lapsed. With the waiting period […]
Hexo Corp To Close Belleville Facility, Impacting 230 Employees
If one thing in the cannabis sector is almost guaranteed, its that Hexo Corp (TSX: HEXO) will shutter facilities after conducting acquisitions. This has held true yet again, with the company last night revealing it will be shuttering its Belleville operations as it looks to “streamline operations and capitalize on production efficiencies.” The facility closure […]
Israel Cuts US Dollar Holdings, Adds Chinese Yuan To Its $206 Billion Reserves
Israel’s central bank has made the biggest reallocations to its foreign currency reserves in over a decade. They will be slashing their reserves for the US dollar and euro to make room for the Chinese yuan, Japanese yen, and Canadian and Australian dollars. Including the British pound, the Bank of Israel will now have seven […]
Disappointing Netflix Subscriber News May be an Early Warning Signal About the Economy
On April 19, Netflix, Inc. (NASDAQ: NFLX) reported a surprise 200,000 drop in global subscribers in 1Q 2022, its first decline in more than ten years. Moreover, the company projects a further two million subscriber decline in 2Q 2022. In response, the stock in after-hours trading lost about a quarter of its value, equivalent to a market cap loss […]
CMHC: Canada’s Housing Market Slated to Cool From Historic Highs
Canada’s housing market is expected to recede from the historic highs witnessed throughout 2021, as higher mortgage rates and home prices erode away at homeownership affordability. The CMHC’s latest Housing Market Outlook paints an economic picture of reduced affordability, as low supply in high demand markets such as Vancouver and Toronto push home prices even […]
PI Financial: US Cannabis Has “Good Growth Prospects”
On Tuesday, PI Financial released their fourth quarter 2021 earnings review on their cannabis sector. Though they say that the fourth quarter results “were not eye-popping,” they did show quarter-over-quarter improvements in revenue. They do seem somewhat surprised at the bear market these names have found themselves in, saying that fundamentally, most of the largest […]
Are We At The Start Of A Mining M&A Cycle? – The Daily Dive
Today on the Daily Dive, we sit down with Doug Hurst, Chairman of Elevation Gold (TSXV: ELVT), as well as a director of New Found Gold (TSXV: NFG). Doug sits down with us this afternoon to discuss the recent issuance of the Canadian US dollar denominated bond, the impact of the Russia-Ukraine crises on the […]
BMO Expects Miners To Be Hit With Cost Inflation Headwinds In Q1 Results
On April 18, BMO released their first quarter preview on their metals and mining coverage, asking the question “Should We All Hide Out Until Reporting Is Over?” They say that for the first quarter they are looking for companies to try and quantify their cost inflation headwinds and because of this, they expect that the […]
Elon Musk Secures $46.5 Billion In Commitments For Potential Twitter Acquisition
Elon Musk is evidently looking to proceed to some degree with his proposed purchase of Twitter (NYSE: TWTR). Within a filing made this morning, it was revealed that Musk is looking to negotiate a definitive agreement for the acquisition of the social media platform. Notably, Musk has previously stated that he is not looking to […]
Mullen Automotive To Conduct EV Battery Testing At Battery Innovation Center In Indiana
Mullen Automotive (NASDAQ: MULN) traded as high as US$1.73 this morning in pre-market trading off the back of the news that it will be conducting solid-state polymer battery cell testing. The testing is to be conducted through the Battery Innovation Center in Indiana. The testing will see a total of three tests performed on the […]