SSR Mining Closes On All-Cash Purchase Of Taiga Gold
SSR Mining (TSX: SSRM) has finally completed its acquisition of Saskatchewan-focused junior explorer Taiga Gold Corp (CSE: TGC). The transaction saw the junior firm acquired in an all-cash transaction. Under the terms of the transaction, shareholders of Taiga received consideration of $0.265 per share of the company, which at the time of announcement amounted to […]
Kontrol Technologies Delays US Listing, No Revised Timeline Provided
It appears that Kontrol Technologies (NEO: KNR) is backing away from one of its key strategic initiatives for 2022. While the company has not formally indicated it is dropping the initiative entirely, it has stated that it has made close to zero progress on it, and it appears progress will not be made for the […]
Quebec Bans Oil and Gas Exploration
Quebec just became the first region in the world to ban oil and gas exploration and shut down all existing wells within three years time, in a controversial move away from the fossil fuel industry. On Tuesday, Quebec’s National Assembly voted in favour of outlawing all fossil fuel exploration in the province, and gave oil […]
Are NFT’s Dying? Why Did The “Jack Dorsey’s First Tweet” NFT Resale Flop?
A little over a year after the “Jack Dorsey’s First Tweet” nonfungible token sold for US$2.9 million, its buyer, crypto entrepreneur Sina Estavi, tried to sell it for US$48 million, only for the auction to close with a top bid of only US$208. No, that’s not a typo. The NFT, as the title suggests, is […]
China’s Top Oil Giant Prepares Exit From Western Operations Over Sanction Risk
A major Chinese oil giant is pulling its operations out of several western regions over concerns that its assets could be restricted in the event western leaders impose sanctions against the communist country over Russian ties. According to Reuters, which cited sources familiar with the matter, China’s oil and gas producer CNOOC Ltd is preparing […]
Tech SPAC Aura FAT Projects Acquisition Prices US$100 Million IPO
Special purpose acquisition company Aura FAT Projects Acquisition Corp. (Nasdaq: AFARU) started trading its securities on the Nasdaq Global Market on Wednesday. The firm priced its initial public offering, aiming to raise total proceeds of US$100.0 million. The offering will entail selling 10.0 million units priced at US$10.00 per unit. Each unit is composed of […]
Hemlo Explorers: Amassing The Largest Land Package In The Hemlo Region – The Daily Dive
Today on the Daily Dive we are joined by first time guest Brian Howlett, CEO of Hemlo Explorers (TSXV: HMLO). Brian joins us today to discuss Canada’s recent announcement related to supporting battery metals, automakers such as Tesla potential entering the mining industry, and Russia’s impact on the price of gold. Also covered is Goldman […]
BMO Lifts Endeavour Silver’s Price Target Following Better Than Expected Q1 Results
On April 11th, Endeavour Silver Corp. (TSX: EDR) announced its first quarter of 2021 production results. The company announced production of 1,314,955 silver ounces and 8,695 gold ounces, which equates to a total of 2.0 million silver equivalent ounces. Silver production increased 25% year over year, while gold production dropped by 22%, resulting in its […]
The Lie In Truth Social: Fox News Disowns Verified Account In Donald Trump’s Socmed Platform
The irony is hitting hard for former US President Donald Trump’s recently launched social media site Truth Social. After CEO Devin Nunes posted that the conservative news outfit Fox News has joined the site, a spokesperson from the network denied owning the said account. “We aren’t on Truth Social,” said the company’s spokesperson. Following Nunes’s […]
The Valens Company Posts $23.2 Million In Revenue, $25.7 Million Net Loss In Q1 2022
The Valens Company Inc. (TSX: VLNS) announced on Wednesday its financial results for fiscal Q1 2022 ended February 28, 2022. The firm notched in net revenue of $23.2 million, an increase from both Q4 2021’s $18.4 million and Q1 2021’s $20.0 million. However, the quarterly gross margin declined to 8.5% from last quarter’s 14.7% and […]