Stockwatch Street Wires
- Diamond & Specialty Minerals Summary for July 9, 2020
Moneta Porcupine Mines hit kimberlite while drilling for gold at West Block, west of Timmins. Alphamin Resources had a record quarter producing tin at Bisie, in the DRC. Fuse Cobalt has staked a lithium prospect in Nevada. Gungnir Resources has nickel assays from Finland.
- Shell Summary for July 9, 2020
Orletto Capital II, which is working on a tech QT, plans to roll back at up to 1 for 4. It will seek shareholder approval for this on July 23. Bold Capital, which is working on a medical device QT, also plans to roll back at up to 1 for 4. It will seek approval on July 24.
- Energy Summary for July 9, 2020
Vermilion Energy's new president sketches out his turnaround plans. MEG Energy and Baytex Energy talk up their operations, but cannot avoid the topic of debt. International juniors stay busy in spite of the downturn.
- Cannabis Summary for July 9, 2020
The Globe and Mail reports rising insurance costs for cannabis companies. Yield Growth finishes first run of product on hemp-containing deodorant, while Hexo sells marijuana to Israel, marking the first time it has sold marijuana internationally.
- Gold Summary for July 9, 2020
Tudor Gold has new assays from Treaty Creek. The company found plenty to cheer about but thinks results will improve as the drills work eastward. QMX Gold has a high-grade gold hit at Bonnefond, east of Val d'Or in Quebec. More are to come, the company says.
- SEC halts hand sanitizer promotion Eastwest
The SEC has halted Eastwest Bioscience Inc. of Vancouver, citing the company's claim to have FDA approval for a hand sanitizer. The halt is one of many COVID-19 suspensions to target Canadian listings.
- Shell Summary for July 8, 2020
Shell graduate and mobile gaming firm Popreach begins trading. Haywood Securities is selling three shell IPOs, PI Financial is selling one and Leede Jones Gable is selling one. Of the 194 capital pool shells currently listed, 121 do not have QTs in progress.
- Energy Summary for July 8, 2020
One-fifth of Canada's shut-in oil production is flowing once again. Analysts warm to energy stocks, despite pipeline setbacks. Enerplus enters damage-control mode over Dakota Access, while Athabasca Oil talks up its assets but still needs a refinancing.
- Cannabis Summary for July 8, 2020
Next Green Wave announces revenue of over $3-million (U.S.) in Q2, continuing its growth since the end of 2019. Flower One, on the other hand, sees its revenue fall by more than half in Q2 as a result of COVID-19-caused closures in Nevada.
- Diamond & Specialty Minerals Summary for July 8, 2020
Olivut Resources has decided to exercise its Seahorse option and become a co-venturer with Talmora Diamond. Vanadiumcorp Resource has the last of its assays form Lac Dore. Zen Graphene Solutions has raised another $1-million for its Albany graphite and graphene promotion.
- Gold Summary for July 8, 2020
MacDonald Mine Exploration has assays from a new high-grade zone at Scadding, but they lack the high-grade oomph of the company's other Scadding hits. Wesdome Gold Mines has bonanza-grade assays from drilling at its Eagle River mine near Wawa.
- Shell Summary for July 7, 2020
Kepler Acquisition submits a filing statement for its QT with ESE Entertainment. The target is raising $2-million to $4-million at 25 cents. The shell expects to close the QT on July 15.
- Energy Summary for July 7, 2020
The U.S. Supreme Court deals Keystone XL a fresh setback. Suncor Energy's CEO laments the legal vulnerability of pipelines. Cenovus Energy and Husky Energy begin to restore their shut-in oil production, and Peyto Exploration's CEO talks gas markets.
- Diamond & Specialty Minerals Summary for July 7, 2020
Arctic Star Exploration has hired some promotional help for Timantti and Diagras. Lithium Americas and Ganfeng Lithium have temporarily halted work at its Cauchari-Olaroz lithium project in Argentina. NextSource Materials has raised cash to find cash.
- Gold Summary for July 7, 2020
Erdene Resource Development has drilled bonanza-grade gold at its Bayan Khundii gold project in Mongolia. Omineca Mining and Metals continues to rally ahead of its proposed drill program at its Wingdam gold project, near Barkerville in the Cariboo district of B.C.
Click here for more Street Wires.