Author: Alexander Lee

A widespread surge propelled Canada’s primary stock index to a new all-time high on Monday. The energy sector spearheaded an early uptrend on the TSX, while healthcare and technology sectors experienced a decline. Despite initial concerns about a potential recession at the start of the month, the Dow Jones Industrial Average closed the last trading week with a record high. However, losses in the technology sector weighed down the Nasdaq and S&P 500 index. Market participants appear to have moved past the earlier sell-off and are now focusing on potential rate cuts from the Federal Reserve. Trading was inactive in…

In the realm of cannabis stocks, one company that has garnered significant attention is Canopy Growth. Canopy Growth initially made a strong impact on the Canadian market leading up to legalization, with hopes of dominating the United States cannabis market. However, the anticipated success did not materialize as planned due to delays in U.S. legalization, resulting in financial strain for the company. Canopy Growth’s heavy investment in research and development geared towards the U.S. market has not paid off as expected, leading to ongoing losses and a lack of profitability. Recent announcements of private placements and declining share prices further…

Investing in high-quality stocks listed on the stock exchange can be a successful strategy for long-term growth. By selecting top-tier stocks with strong financials, competitive advantages, and a history of consistent performance, investors can benefit from the stability and potential growth of well-established companies. These stocks often pay attractive dividends, allowing investors to benefit from both capital appreciation and passive income over time. By holding onto these top-quality stocks for the long term, investors can reduce the need for frequent trading and monitoring, thereby minimizing transaction costs and emotional stress from market fluctuations. Additionally, aligning investments with the growth of…

Vancouver, British Columbia–(Newsfile Corp. – August 26, 2024) – An exploration company based in Canada, referred to as Plata Latina Minerals Corporation (TSXV: PLA), recently issued a total of 6,328,572 stock options to its directors, officers, and consultants. These options can be exercised at C$0.01 per share within a five-year period, expiring on August 23, 2029. Plata Latina Minerals is engaged in the exploration of mineral properties located in Mexico. The Company recently completed the sale of its Naranjillo project.

Perth, Australia, August 20, 2024 – Green Technology Metals Limited (ASX: GT1), a Canadian-focused multi-asset lithium business, is pleased to announce it has executed a Framework Agreement and Corporate Equity Investment with leading South Korean EV battery metals producer EcoPro Innovation Co., Ltd. Key highlights of the agreement include GT1 securing a A$8 million investment and a Framework Agreement with EcoPro Innovation Co., Ltd. This partnership supports GT1’s strategy to become Ontario’s first integrated lithium producer. The agreements cover both upstream (mining and raw material extraction) and downstream (processing and conversion) activities. Potential collaborations include developing mines and a proposed…

On August 26, 2024, a CBD company based in Charlotte, North Carolina, announced that it has received acceptance from the NYSE American LLC regarding its plan to regain compliance with the NYSE American continued listing standards. The company, which operates under the brand names cbdMD and Paw CBD, along with its functional mushroom brand ATRx Labs, had previously received a notice of non-compliance from the NYSE American due to its stockholders’ equity falling below the required threshold. The NYSE American has granted the company a plan period through December 5, 2025, during which it will be subject to quarterly reviews…

Transition Metals Corp. has recently completed exploration work at its Pike Warden project near Whitehorse, Yukon. The focus of the exploration team was on areas of the property with potential for hosting porphyry Cu-Au mineralization, including Copper North, Copper Junction, and Olympus. Samples and data were collected to better understand the geology, structure, alteration, and mineralization in these areas. The Z-Axis Tipper Electromagnetic system (ZTEM™) survey results showed a large conductivity anomaly central to the Copper Junction area, where prospective alteration and copper mineralization were also identified. The data highlights untested Cu-Au porphyry targets on the property. The exploration team…

Givex (TSX:GIVX) has finalized an agreement with Shift4 Payments (NYSE:FOUR) to be acquired by Shift4 in a transaction valued at C$200 million. The deal entails that Givex shareholders will receive $1.50 in cash for each share they hold. The transaction is anticipated to be completed by November 2024. Upon the completion of a thorough review by a special committee consisting of independent directors of Givex, the company’s board of directors has unanimously endorsed the transaction and encouraged shareholders to vote in favor of it. The agreement includes standard representations, warranties, and deal protection provisions, such as those pertaining to non-solicitation…

On August 26, 2024, Pasofino Gold Limited provided an update on the strategic review process announced earlier. The company aims to disclose developments related to the strategic review once the board of directors has approved a specific transaction or course of action. The purpose of this update is to disclose material information to allow Pasofino to undertake financing for the Dugbe Gold Project’s Feasibility Study initiatives. This financing, known as Interim Financing, will be participated in by insiders of Pasofino and is subject to approval by the TSX Venture Exchange. Pasofino has engaged with multiple parties for the potential acquisition…

Neo Performance Materials Inc. announced today that it has initiated transactions to divest a majority equity interest in Jiangyin Jiahua Advanced Material Resources Co., Ltd. (JAMR) to Shenghe Resources Holding Co., Ltd for approximately $25.6 million in cash. Additionally, Neo will sell 100% of the equity in Zibo Jiahua Advanced Material Resources Co., Ltd. (ZAMR) to Shenghe for around $4.1 million in cash. These transactions aim to facilitate the transition of Neo’s rare earth separation businesses in China to an integrated rare earth industry leader. Following the completion of the transactions, Neo will retain a 9% equity interest in JAMR…