Author: Alexander Lee

The Canadian main stock index showed signs of recovery on Wednesday, aiming to regain some of the losses experienced in the previous session. This rebound was fueled by gains in the tech, industrial, and mining sectors on the TSX, which helped offset declines in the energy and utilities sectors. In the U.S., indices closed higher as investors analyzed the minutes from the Federal Reserve’s recent policy meeting, indicating a potential interest rate cut starting in September. The Canadian dollar was trading at 73.52 cents U.S., a slight increase from the previous day. U.S. crude futures dropped $1.36 to $71.81 a…

Vancouver, British Columbia–(Newsfile Corp. – August 21, 2024) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) (“GoviEx”) has announced that, in accordance with its Share Purchase Option Plan, it has awarded annual incentive stock options to specific directors, officers, employees, and a consultant to acquire a total of 17,380,000 Class A common shares in GoviEx’s capital stock. The stock options are exercisable at a price of $0.05 per share and will vest 25% on the date of grant.

On August 21, 2024, TNR Gold Corp. (TSXV: TNR) announced the successful closure of a non-brokered private placement of 5,150,000 units, each priced at $0.06. The oversubscribed placement resulted in proceeds of $309,000, with each unit consisting of a common share and a non-transferable warrant. The funds raised will primarily be allocated towards exploration, maintenance of the Shotgun Gold project, and general working capital. TNR Gold Corp. is positioning itself as a leader in green energy metals royalty and gold company. With a diverse portfolio of assets, the company is actively involved in the development of critical materials such as…

On August 21, 2024, Journey Energy Inc., a Calgary-based exploration and production company, announced that it has received approval from the Toronto Stock Exchange (TSX) to initiate a normal course issuer bid (Bid). The Bid allows Journey to purchase up to 4,666,445 common shares, representing approximately 10% of the public float of Journey’s outstanding common shares as of August 14, 2024. The purchases under the Bid will be conducted through the facilities of the TSX, alternative trading platforms in Canada, and at market prices in accordance with the normal course issuer bid rules of the TSX. The Bid period is…

In March 2024, Canadian cannabis stocks, including a leading company listed on the Toronto Stock Exchange (TSX), experienced significant growth, with one stock in particular increasing by over 160%. Despite this recent surge, the TSX marijuana stock remains significantly below its all-time highs, causing notable losses for investors over the past five years. The potential for Canopy Growth stock to recover in 2024 and beyond is being closely monitored. The discussion surrounding the legalization of marijuana in the U.S. has gained traction, with President Joe Biden expressing support for its path to legalization and Vice President Kamala Harris advocating for…

For investors interested in the energy sector, Suncor Energy (TSX:SU) is recognized as one of the top Canadian stocks to consider. The company holds a strong position as a key oil producer, with a primary focus on the Canadian oil sands, which has historically shown volatility due to fluctuating oil prices. However, Suncor’s recent upward trend towards 52-week highs is a positive indicator for long-term investors. Despite its current growth, Suncor’s stock price remains below its levels from the previous energy boom prior to the Great Recession. This discrepancy has led some market observers to caution against investing in the…

On August 21, 2024, Copperhead Resources Inc. (CSE: CUH) held its annual general meeting of shareholders on August 20, 2024, in Vancouver, British Columbia. Shareholders voted in favor of all matters presented at the meeting, including the election of director nominees Damian Lopez, Sasha Kaplun, Barry Greene, and Matthew Larsen. Additionally, shareholders approved the reappointment of Adam Sung Kim Ltd. as auditors and the Company’s stock option plan. Copperhead Resources Inc. is a mineral resource company focused on acquiring and exploring mineral properties. The company’s primary goal is to develop precious metals, starting with the Red Line Project in British…

Stakeholder Gold Corp. (TSXV: SRC) is pleased to commemorate Klondike Gold Discovery Day in the Yukon Territory, Canada. This statutory holiday has been observed since 1911, falling on the third Monday of August each year. The day marks the historic discovery of gold on Rabbit Creek (now Bonanza Creek) on August 16th, 1896, by Shaaw Tláa (Kate Carmack), her husband George Carmack, and his partners Skookum Jim Mason and Tagish Charlie. This discovery led to the famous Yukon Gold Rush in 1897, transforming Yukon into a Territory of Canada in 1898. The celebration of Klondike Gold Discovery Day pays tribute…

Silvercorp Metals (TSX:SVM) has announced plans to bring the El Domo copper-gold project in Ecuador into production by 2026 in collaboration with its subsidiary Curimining S.A. and Salazar Resources (TSXV:SRL). The company has outlined priority and parallel targets for the project, including further metallurgical test work, advancing power supply for mine operation, and completing detailed engineering design. These efforts aim to improve operational efficiency and ensure the project’s feasibility. Based on a 2019 metallurgical study, Silvercorp Metals has identified opportunities to enhance metal recoveries through sequential copper floatation. This approach has resulted in higher gold and silver recoveries at lower…

Stallion Uranium (TSXV:STUD) has recently announced the results of an airborne gravity survey conducted in collaboration with Atha Energy (TSXV:SASK) in the Southwestern Athabasca Basin. The survey unveiled promising gravity anomalies that are indicative of potential uranium alteration and favorable rock types, highlighting new prospective target areas for exploration. This survey marks a significant milestone for Stallion Uranium in prioritizing target areas within their land package. The company’s shares have surged by 15.38 percent to C$0.075 as of 11:31 am ET. Covering a 637-square-kilometre area, the gravity survey aimed to identify subsurface density variations commonly associated with uranium deposits. Darren…