Stockwatch Street Wires
- Diamond & Specialty Minerals Summary for July 10, 2020
Southstone Minerals continues to produce desirable diamonds at its Oena alluvial project in South Africa. Niobay Metals has a revised resource estimate for its James Bay niobium project in Northern Ontario. Search Minerals has raised cash for its Foxy plays in Labrador.
- Shell Summary for July 10, 2020
Shell graduate Facedrive completes its acquisition of Foodora Canada. SPAC graduate Sagicor Financial cancels its acquisition of ScotiaLife Trinidad and Tobago.
- Energy Summary for July 10, 2020
For oil markets, the worst is over, claims the International Energy Agency -- but there is a but. Tamarack Valley splashes out on some new assets in Alberta. Toscana Energy's suitor, i3 Energy, wants a piece of Whitecap's Weyburn.
- Cannabis Summary for July 10, 2020
U.S. cannabis stocks enjoy a Friday surge that sees Green Thumb and Trulieve hit new 52-week highs. The Dutchman gets an EU-GMP "practice" certificate, while Aleafia talks up its coming launch of cannabis 2.0 products.
- Gold Summary for July 10, 2020
Westhaven Gold has new assays from the Lear zone at Shovelnose, near Merritt in B.C. Those results disappointed investors, but not promoters, as Spearmint Resources was quick to expand its adjoining Hammernose project and to tout Westhaven's news.
- Advantage Lithium ex Sidoo makes his sentencing pitch
Advantage Lithium Corp.'s former president, David Sidoo, has asked a Boston judge to impose a sentence on him of no more than 90 days. He previously pleaded guilty to charges that arose from cheating the U.S. college admissions system.
- 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.
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