Vancouver, British Columbia, August 22, 2018 - FinCanna Capital Corp. ("FinCanna") (CSE: CALI) (OTCQB: FNNZF) a royalty company for the US licensed medical cannabis industry, has advanced US$1 million, the second tranche of capital, to its investee company Refined Resin Technologies Inc. ("Refined Resin") of Oakland, California. Refined Resin is a cannabinoid research and extraction company tha...Read More
Cassini Resources, which is trying to advance a nickel-copper-PGE sulphide deposits and gold in Western Australia, received a US$3.09 million placement from Chinese lithium-ion battery materials manufacturer, Guangzhou Tinci Materials Technology. Announced last week, the dealwill result in the issue of approximately 68.8 million new ordinary shares at a price of A$0.061 per share. The placement pr...Read More
Cassini Resources, which is trying to advance a nickel-copper-PGE sulphide deposits and gold in Western Australia, received a US$3.09 million placement from Chinese lithium-ion battery materials manufacturer, Guangzhou Tinci Materials Technology. Announced last week, the dealwill result in the issue of approximately 68.8 million new ordinary shares at a price of A$0.061 per share. The placement pr...Read More
"@NITESH_SL @panamaorange $silver fighting for dear life at 13.90-14.20 area.While silver could turn here, a monthly close below 13.85 could be bad news for bulls.Gold needs to make the turn.....then silver would follow."Read full newsRead More
The government energy department of the world's second most-populated country has vowed to do away with new gasoline- or diesel-powered vehicles over the next 13 years.Last year's promise was followed by a similar commitment by China, which is developing its own plan to phase out vehicles known for spouting emissions.While China hasn't hammered down a formal phase-out date, one Vancouver-based ele...Read More
Brokerage Morgan Stanley has suspended equity coverage on Tesla Inc , hinting that the U.S. bank may be doing business directly with the company as it explores options to go private, pushing the electric carmaker's shares up as much as 5 percent on Tuesday.Read full newsRead More
Fundamental Developments - The Gap Keeps WideningLast week, the lighthouse went down 24 meters (gold went down $24), or 50 inches (if you prefer, silver went down 50 cents). They done whacked our lighthouse! [PT]Image credit: Skip Willits However, let's take a look at the only true picture of supply and demand. Are the fundamentals dropping with the market price?We will look at an updated pict...Read More
Last week GDX and GDXJ were down almost 12% at their lows on Thursday. Since then, they've recovered but only a tiny fraction of recent losses.The crash did result in the miners reaching an extreme oversold condition while trading around long-term support at their December 2016 lows. It was the perfect setup for shorts to cover. That combination often results in at least a relief rally.While a ral...Read More
In case you haven't realized it yet, gold and silver prices recently dipped below the floor that was set with the recovery rally following the multi-year drop in 2011. After rising rapidly to a near US$1,900 per ounce in 2011, gold prices dropped over the course of several years to sub-US$1,100 levels before mounting a recovery in 2016.At the time of writing, an ounce of gold is now under US$1,20...Read More
The sharp decline in silver that sees the precious metal trading at below US$15 an ounce has some pundits claiming that primary silver miners represent an appealing deep-value contrarian investment. One silver miner that recently released some credible second quarter results and hasn't been garnering much attention from investors is Endeavour Silver Corp. (TSX:EDR)(NYSE:EXK). Now what?Endeavour o...Read More
What looks like Turkey, feels like Turkey, and is starting to act like Turkey, but isn't Turkey? Well, any number of emerging markets right now. Feeling the pinch after the lira's recent slide, a number of key emerging markets are looking like no-go areas at the moment so far as investing goes.Five key similarities to Turkey to look forThe IMF has identified 14 emerging markets similar to Turkey a...Read More
The spot price of gold managed to rise back above the $1,200 mark in late trading on August 21, as the dollar sunk due to comments from United States president Donald Trump. Trump has been vocal in criticizing the U.S. Federal Reserve and its rate-tightening path. The political warfare in Washington also deepened as two former members of Trump's inner circle are knee deep in criminal charges that...Read More
Investors looking at the ever-changing world of auto stocks may want to think outside the box when it comes to the electric vehicle (EV) market. Mining stocks are a great way to add exposure not only to EVs, but to tech in general, while offering pure-play options for investors who are commodity focused.However, the goalposts are shifting, and investors looking for long-term exposure to EVs may be...Read More
"Financial-market and economic prospects remain far shy of the hype and headlines, amidst tanking consumer optimism and negative revisions to recent reporting." - John Williams, Shadowstats.comThe economy may seem like it's doing well if you are part of the upper 10% demographic. Though, in reality, for most of the upper 10%, doing "well" has been a function of having easy access to credit. NASA F...Read More
Exploring the Cervantes property in Sonora Mexico. Source: Aztec Minerals Corp.Aztec Minerals Corp. [AZT-TSXV; AZZTF-OTCQB] on Wednesday reported positive results from rock chip sampling along drill roads at its California porphyry gold-copper prospect on the Cervantes property in Sonora Mexico. Highlights include 0.47 g/t gold over 222.0 metres.The company said rock chip sample results from five...Read More
Avalon geologist Chris Pederson organizes diamond drill core from the Separation Rapids Lithium Project near Kenora, northwestern Ontario. Source: Avalon Advanced Materials Inc.By Peter KennedyAvalon Advanced Minerals Inc. [AVL-TSX; AVLNF-OTC] has completed an updated preliminary economic assessment (PEA) for its flagship Separation Rapids Lithium Project near Kenora, northwestern Ontario.Avalon s...Read More
Gold bearing quartz vein with high grade gold in drill hole COD18-46 (54.9 g/t gold over 1.47meters)The highlight from these analytical results is an intersection of 54.9 grams per tonne (g/t) gold and 379 g/t silver over 1.47 meter core length in drill hole COD18-46 which tested the COD Vein, including 223 g/t gold, 1,535 g/t silver and >500 g/t tellurium over 0.30 meter core length. This gold...Read More
It’s been a very tough year in the world of mining stocks. As someone who has followed the sector actively since summer of 2015, I guess you can say that I’m really not all that surprised, on the whole…Cycles and waves.It always comes back to that…It’s just so crazy, because no one out there has a crystal ball… and if you might recall, during the start of this y...Read More
TORONTO - Brookfield Business Partners and Macquarie Capital have signed a deal to sell Australian oil and gas company Quadrant Energy to Santos Limited for $2.8 billion (US$2.15 billion).The agreement also includes a contingent payment in connection with the recent significant Dorado-1 oil discovery and a royalty over all other future hydrocarbons produced in Quadrant's Bedout Basin tenements.The...Read More
GoviEx Uranium Inc. (TSX-V: GXU; OTCQB: GVXXF) is a mineral resource company focused on the exploration and development of its uranium properties in Africa. The company's main assets are the mine-permitted Madaouela Project in Niger and the mine-permitted Mutanga Project in Zambia. We learned from Daniel Major, CEO of GoviEx Uranium, that with the two large, fully-permitted uranium projects and wi...Read More