Nilam Resources CEO Resigns After Bitcoin Purchase Announcement: “It’s A Classic Pump And Dump”
Ron McIntyre, a key executive at Nilam Resources (OTC PINK: NILA), was recently asked to comment on the eyebrow-raising announcement of a billion-dollar bitcoin acquisition through a company buyout. Instead, McIntyre revealed that he had resigned from his position and had his name removed from all corporate documents. Although McIntyre’s resignation was not immediately reflected […]
Temas Resources Options Additional Claims At La Blache With Historical Resource Estimate
Temas Resources (CSE: TMAS) is expanding its land holdings at its flagship La Blache project in Quebec. The company has entered into an option agreement as of this morning to acquire the La Blache Lake Extension Property in an effort to further consolidate its holdings in the region.
GameStop Craters On Q4 2023 Revenue Decline, Job Cuts
In a significant blow to GameStop (NYSE: GME), shares of the brick-and-mortar video game retailer nosedived as much as 18% before Wednesday’s bell. This plunge follows the company’s report of a fourth-quarter revenue decline, attributed to a reduction in consumer spending and mounting competition from e-commerce giants. The Grapevine, Texas-based company also disclosed a round […]
CanAlaska Hits 10.84% eU3O8 Over 11.5 Metres At Pike Discovery
CanAlaska Uranium (TSXV: CVV) continues to hit high grade uranium at the West McArthur joint venture project. After hitting 40.3% eU3O8 over 4.7 metres in hole WMA082-4 as reported in February, the company is now reporting further high grade hits as part of the ongoing drill program. Highlights from the results include: WMA082-5: 1.40% eU3O8 […]
Alamos Gold To Acquire Argonaut Gold In Transaction Centred On Magino Mine
Consolidation continues within the mining sector, with Alamos Gold (TSX: AGI) this morning announcing the friendly acquisition of Argonaut Gold (TSX: AR) in an effort to obtain assets next door to its Island Gold mine in Ontario. Effectively, the transaction is geared towards Alamos acquiring the Magino mine, operated by Argonaut, which is expected to […]
First Lithium Expands Lidstone Project To 12,830 Hectares Following OGS Report
First Lithium Minerals (CSE: FLM) this morning is reporting that it has substantially expanded its Lidstone exploration project in Ontario.
Canada Revenue Agency Fires Over 200 Employees for Improper CERB Claims
The Canada Revenue Agency has terminated 232 employees to date for improperly collecting the Canada Emergency Response Benefit (CERB) during the COVID-19 pandemic. This figure marks an increase from the 185 dismissals reported in December, and more employees could potentially face termination as the internal review progresses. “Anyone who is found to be ineligible for […]
Canopy Growth Surges And Falls On Germany Cannabis Legalization
The German government has granted final approval for the legalization of cannabis, set to take effect on April 1, 2024. This will officially recognize cannabis as a non-narcotic substance, allowing adult consumers to partake in its consumption without fear of legal repercussions. The announcement has been met with widespread celebration, particularly within the cannabis industry. […]
Tennessee Advances Bill Targeting ‘Chemtrails’ Conspiracy Theory
Tennessee lawmakers are advancing a controversial bill aimed at banning the alleged practice of releasing chemicals into the atmosphere for weather control purposes — a theory commonly referred to as “chemtrails.” Senate Bill 2691, sponsored by Republicans Rep. Monty Fritts and Sen. Steve Southerland, would prohibit the “intentional injection, release or dispersion, by any means” […]
Is Nilam Resources The Latest Crypto Scam?
Nilam Resources (OTC PINK: NILA) has stirred controversy with its recent announcement of a letter of intent (LOI) to acquire 100% of the common stock of a special purpose entity, MindWave, holding 24,800 bitcoin. The deal, valued at over a billion dollars, has raised eyebrows within the crypto community and financial markets alike, amidst allegations […]