Author: Alexander Lee

The TSX Venture Exchange (FEO) based in Vancouver, BC, announced the appointment of Mr. Chris Batalha as the Chief Executive Officer (CEO) and executive director of Oceanic Iron Ore Corp. (TSXV: FEO). Mr. Batalha will be replacing Mr. Bing Pan, who previously served as the Interim CEO. Chris Batalha brings nearly 20 years of professional experience in the mining industry, having previously held senior positions at Artemis Gold Inc. and Atlantic Gold Corporation. He served as CFO and Corporate Secretary at Oceanic from 2014 to 2022. Chris is a Chartered Professional Accountant with a Bachelor of Commerce degree from the…

On September 5, 2024, Great Atlantic Resources Corp. announced the commencement of a diamond drilling program by its subsidiary, Golden Promise Mines Inc., at the Golden Promise Gold Property in central Newfoundland. The drill contract has been awarded to MCL Drilling from Deer Lake, NL. The fully funded program will consist of up to nine drill holes and an estimated total of 900 meters, focusing on the gold-bearing Jaclyn Main Zone (JMZ) where a bulk sample is planned. The drilling program, conducted in partnership with Novamera Inc., will utilize Novamera’s proprietary Guidance Technology to enhance data collection and resource knowledge…

On September 5, 2024, Criterium Energy Ltd. (TSXV: CEQ) announced that it has received a US$500,000 non-refundable payment from the buyer of its wholly owned subsidiary, which holds a 42.5% non-operated working interest in the Bulu Production Sharing Contract, originally disclosed on May 21, 2024. With this latest payment, Criterium has now received a total of US$1,000,000 out of the US$7,750,000 purchase price stipulated in the sale and purchase agreement dated May 20, 2024. The Company views the completion of this transaction as a beneficial means of creating value for its shareholders in the short term. The closing of the…

On September 4, 2024, MustGrow Biologics Corp. (TSXV: MGRO) (OTCQB: MGROF) (FSE: 0C0) based in Saskatoon, Saskatchewan, announced that its board of directors has approved the allocation of 1,575,398 deferred share units (DSUs) and restricted share units (RSUs) to specific directors, officers, and consultants of the Company. These units were granted on September 3, 2024, in accordance with the Company’s Omnibus Equity Incentive Plan (the Plan). The DSUs will become vested once the holder is no longer serving as a director, officer, or employee of the Company or any of its affiliates. Upon settlement, each DSU will entitle the holder…

The drilling operations have resumed at the advanced Cowley Park copper prospect with two rigs in operation to explore the high-grade mineralization. A total of 5,000m of drilling is planned as part of a fully funded 13,000m summer drill program across four sections at Cowley Park to target resource potential and exploration upside in high-grade copper skarn mineralization. Recent Induced Polarization (IP) surveys have identified new, shallow chargeability anomalies that will be tested for potential copper sulphide bodies. Assay results from previous drilling at the Little Chief and Arctic Chief prospects are pending. Gladiator CEO, Jason Bontempo, stated that following…

The finance sector’s support was not enough to prevent Canada’s main stock index from declining on Thursday. Losses in the mining, industrials, tech, and energy sectors weighed heavily on the TSX. However, gains in healthcare, utilities, and telecom stocks helped to limit the overall losses. Investors on both sides of the border are cautious ahead of the release of U.S. economic data. U.S. stocks have been struggling, and Wall Street has been facing challenges since the start of September trading. The upcoming August nonfarm payrolls report, scheduled for release on Friday, could have an impact on the Federal Reserve’s interest…

Canadian markets experienced a decline at the beginning of this shortened holiday week, but showed signs of recovery following the Bank of Canada’s decision to lower interest rates to 4.25 per cent during this week’s policy meeting. This rate cut was implemented to stimulate economic activity and boost investor confidence. In recent market trends, there have been fluctuations on both sides of the border. Three stocks that have garnered significant attention on Stockhouse’s Bullboards are Datametrex AI Ltd., Laurion Mineral Exploration, and Uranium Energy Corp. These companies have showcased noteworthy developments that have piqued investor interest. Datametrex AI Ltd. faced…

Enbridge, a company listed on the TSX, offers investors a high dividend yield of nearly 7%, which may be attractive for income-focused investors. However, it is important to note that this high yield comes with a steep price – a payout ratio of over 138%. This means that Enbridge is paying out more in dividends than it earns, which raises concerns about the long-term sustainability of these payments. Additionally, Enbridge carries a significant amount of debt, totaling over $92 billion, which could pose challenges in a rising interest rate environment. Furthermore, Enbridge’s growth potential appears to be limited, with a…

As the world races toward a cleaner and more sustainable future, the demand for critical minerals has skyrocketed. Among the most essential of these are rare earth elements (REEs)—a group of 17 metals that are indispensable to the production of clean technologies like wind turbines, electric vehicles (EVs), solar panels, and advanced batteries. Canada, with its vast mineral resources, is emerging as a significant player in the global race to secure rare earth supplies, positioning its junior mining sector for unprecedented growth. In this article, we’ll explore why rare earth elements are so critical to the green transition, how Canada’s…

The press release, dated September 4, 2024, was issued by KWG Resources Inc. based in Toronto, Ontario. The company, also known as The Canadian Chrome Company, announced the publication of its Ring of Fire Infrastructure Compilation Map. This map includes the proposed "Utility Corridor" for building transportation and electrification systems through the James Bay Lowlands from Nakina, Ontario to the Black Horse chromite discovery site, spanning a distance of 330 kilometers. In 2009 and 2010, the company’s subsidiary, Canada Chrome Corporation, staked 1,685 claims along what was deemed the most suitable terrain for constructing transportation and electrification systems in the…