Snowline Gold Set To Begin 25,000 Metre Drill Program
Snowline Gold (TSXV: SGD) is about to undertake its largest exploration program to date, announcing that it has begun mobilization for a 25,000 metre drill program at its flagship Rogue project in the Yukon. The campaign is set to see a total of five drilling rigs take part in the program, which will be broken […]
Sigma Lithium Posts Flat Revenue, Improved Costing In Q1
Sigma Lithium (TSXV: SGML) this morning reported its first quarter financial results, posting revenue of US$37.2 million for the period ended March 31, 2024. Revenue was flat on a quarter over quarter basis. Sigma managed to produce 54,168 tonnes of concentrate during the quarter, down from 59,938 tonnes in the fourth quarter, which the company […]
Benton Resources To Begin 3,000 Metre Drill Program, Plans For Program Expansion
Benton Resources (TSXV: BEX) is about to begin a new field exploration program at the Great Burnt project. The company has mobilized a crew for regional prospecting and soil sampling, while at the same time preparing for a new drill program to get underway. The new drill program is presently slated to be 3,000 metres […]
Michael Burry’s Scion Asset Management Bets Big on Gold
Michael Burry, famous for predicting the 2008 subprime mortgage crisis, has gone big on gold. According to a recent regulatory filing, Burry purchased over 440,000 units in the Sprott Physical Gold Trust (PHYS) through his hedge fund, Scion Asset Management. The investment is worth more than $10 million, making it his largest investment in the […]
BC Explorer Blocked by First Nations Group, To Seek Legal Action
Pacific Booker Minerals (TSXV: BKM) has announced that their efforts to meet with the current leadership of the Lake Babine Nation (LBN) have been unsuccessful. The BC Environmental Assessment Office has informed Pacific Booker that any new application for their Morrison Project will not be considered without active support from the LBN, the indigenous group […]
AMC Entertainment Dilutes Stock Again Off Back Of Memestock Resurgence
In the last two days, AMC Entertainment (NYSE: AMC) has significantly increased its number of outstanding shares from 300 million to 400 million, raising concerns among investors about excessive dilution. On May 14, 2024, AMC entered into privately negotiated exchange agreements to issue 23.3 million shares of its Class A common stock. These shares, valued […]
Billionaire Charles Cohen Faces Second Foreclosure In Weeks As He Continues To Default On Loans
New York real estate mogul Charles Cohen isn’t having a good year, or a good fortnight, for that matter. The billionaire faces another foreclosure filing, marking the second such action against his properties in just two weeks. The latest filing, initiated by the special servicer on a $130 million CMBS debt, targets Cohen’s 750 Lexington […]
Copper Breaches $5-Per-Pound Mark Amid Supply Constraints And Speculative Demand
Copper futures soared to a record high of $5.13 per pound before easing to $5.05 on Wednesday, driven by mounting concerns over insufficient supply and heightened speculative demand, further intensified by a short-squeeze in the US.
Did Zack Morris Know About Roaring Kitty’s Return?
Fintwit influencer Zack Morris appeared to potentially have insider knowledge about the return of famed investor “Roaring Kitty.” Morris tweeted an image last week that was strikingly similar to one posted by Roaring Kitty, whose real name is Keith Patrick Gill, four days later. This coincidence has led to speculation that Morris was aware of […]
Red Lobster Shutters Dozens of Restaurants, Liquidation Underway
Seafood restaurant chain Red Lobster is closing at least 48 of its approximately 650 locations across the United States. The closures, which began on Monday, span 21 states, with multiple branches shutting down in California, Florida, Colorado, Maryland, Georgia, New York, Texas, and Virginia, among others. The announcement was made by Neal Sherman, CEO of […]