- SEC defendant Stack asks judge to dismiss charges
SEC defendant Andrew Stack, charged for a scheme linked to Scott Marshall, has asked a judge to dismiss the case. The SEC claims that he was the CEO of an OTC Markets company as it fraudulently raised money for a supposed Arizona gold mine.
- Shell Summary for May 10, 2021
Florence One Capital plans to list with a $500,000 to $1.5-million IPO at 10 cents. Its IPO agent is Florence Wealth Management of Toronto.
- Cannabis Summary for May 10, 2021
Trulieve Cannabis plans to buy Harvest Health for $2.1-billion (U.S.), creating one of the largest cannabis operators in the U.S. Tilray slumps on disappointing first quarter financials. Village Farms fares even worse.
- Energy Summary for May 10, 2021
A cyberattack on a U.S. pipeline network unnerves the market. Enbridge notches another supporter in its fight to keep Line 5 open. Athabasca Oil trumpets a cost-cutting agreement, and Journey Energy has mixed financials and a changing board.
- Diamond & Specialty Minerals Summary for May 10, 2021
Lucara Diamond has a solid first quarter at its Karowe diamond mine in Botswana. Edison Cobalt raises $3-million for its cobalt projects and to line up new battery metals projects. Western Magnesium seeks cash for its plan to produce primary magnesium metal.
- Gold Summary for May 10, 2021
New Found Gold has soared to new-found heights. Outcrop Gold also had a good day, thanks to narrow but high-grade hits at La Ivana on its Santa Ana project in Colombia. MAS Gold also had assays today, from North Lake in Saskatchewan, but they were not as well received.
- Shell Summary for May 7, 2021
CT Developers has closed its Ontario mining QT; the resulting issuer will begin trading as Magna Mining on Tuesday. VLCTY Capital has released the terms of its QT with BuildDirect.com Technologies. J58 Capital plans to list with a $600,000 IPO at 10 cents.
- SEC permanently bans phone man Crockett
The SEC has permanently banned Tyler Crockett, one of two men accused in a $1.1-million (U.S.) scheme to tout a Toronto OTC Markets listing and three other stocks. He misled investors with claims of contracts with well-known companies, the SEC said.
- Cannabis Summary for May 7, 2021
Alabama lawmakers approve a bill to legalize medical cannabis. Cronos Group sees declining quarterly revenue, but cheers its progress on lab-grown cannabis derivatives. The Valens Company adds new officers and directors.
- Energy Summary for May 7, 2021
Cenovus swings to a quarterly profit and mulls its options in the wake of Tuesday's news from ConocoPhillips. Enerplus hikes its dividend for the first time in 13 years. Paramount Resources boosts its budget, and Obsidian Energy is no longer up for sale.
- Diamond & Specialty Minerals Summary for May 7, 2021
Archon Minerals awaits more royalties while it deals with a big imbalance on its balance sheet. Nickel Rock Resources has lithium assays from its Clayton Valley project. Search Minerals plans more drilling at its Fox rare earth deposits in Labrador.
- Gold Summary for May 7, 2021
Oceanagold surged higher on word that it has two new directors. Centerra Gold took a big hit thanks to troubles with the Kyrgyz Republic government. Stone Gold was stone cold today after disappointing investors with assays from Mount Jamie North in Ontario.
- BMO's former Cranbrook employees respond to lawsuit
BMO Nesbitt Burns Inc.'s former Cranbrook employees, responding to a lawsuit over their defection, deny that they did anything wrong. They say that they left the firm as a group over cost cuts and problems with management.
- Shell Summary for May 6, 2021
Abigail Capital releases its QT terms and other details. Its Toronto e-sports target, OverActive Media, has raised $39.89-million at $2.25. OV2 Investment also has QT details, including partial financials of its Florida communications infrastructure target, Eastower Group.
- Diamond & Specialty Minerals Summary for May 6, 2021
Arctic Star Exploration has another new Diagras kimberlite. Now, it needs a bounty of diamonds. Mkango Resources is optimistic about an optimized processing plan for Songwe Hill rare earth oxides. Leading Edge Materials is still chasing a mining licence for Norra Karr.
Click here for more Street Wires.