A Purely Technical MarketLong time readers may recall that we regard Bitcoin and other liquid big cap cryptocurrencies as secondary media of exchange from a monetary theory perspective for the time being. The wave of speculative demand that has propelled them to astonishing heights was triggered by market participants realizing that they have the potential to become money. The process of achieving...Read More
An additive manufacturing expert with 20 years of industry and research experience at Lockheed Martin and NASA will lead the new Advanced Manufacturing degree program at Colorado School of Mines.Craig Brice, currently a senior research scientist with the Advanced Technology Center at Lockheed Martin Space, will join the university in July as program director and professor of practice. He will teac...Read More
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,316.53, down 67.10 points)Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 41 cents, or 4.49 per cent, to $9.54 on 14.9 million shares.Baytex Energy Corp. (TSX:BTE). Oil and gas. Down five cents, or 1.12 per cent, to $4.42 on 12.6 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail...Read More
CALGARY - The Canadian Energy Research Institute says a pipeline capacity gap that is impeding the movement of Western Canada's crude to market will close by 2021 and there will be surplus capacity from about 2022 until 2030.In a forecast based on financial modelling, the Calgary-based think-tank calls for the Enbridge Line 3 and Trans Mountain expansion pipelines to open in about two years, follo...Read More
We've seen 29 states enact sensible policies.We've seen President Trump throw his verbal support behind state's rights on the matter.We've seen pressure from vets and politicians to open up federal funding for Veterans Affairs research and prescriptions.Now one of the last, but biggest, hurdles for the rapidly growing and maturing cannabis sector is coming down.And while it may involve what is jus...Read More
"BMO Capital Markets with a new report materially upping its #nickel demand forecast to reflect increased EV penetration rate"Read full newsRead More
Renforth Resources Inc. (CSE:RFR) ("Renforth" or the "Company") is pleased to announce that the previously announced private placement has closed with proceeds of $317,500 raised by way of the issuance of 6,350,000 units ("Unit") at $0.05 per Unit.Read full newsRead More
CloseGain/LossGold $1278.40-$2.10Silver$16.44-$0.15XAU82.38-0.24%HUI177.84-0.02%GDM620.62+0.02%JSE Gold1064.91+16.27USD94.79+0.02Euro116.21+0.12Yen90.57+0.14Oil$65.85+$0.7910-Year2.920%-0.005T-Bond144.5625+0.0625Dow24987.47-0.41%Nasdaq7747.03+0.01%S&P2773.75-0.21% The Metals: Gold waffled between $1282.40 and $1277.10 and ended with a loss of 0.16%. Silver chopped between $16.624 and $16.4...Read More
The Texas Bullion Depository officially opened for business this week. The creation of the facility represents a power-shift away from the federal government, and sets the foundation to undermine the Federal Reserve's monopoly on money.In June 2015, Gov. Greg Abbot signed legislation creating the state gold bullion and precious metal depository. The facility will not only provide a secure p...Read More
Mr. Nav Dhaliwal of Bonterra reportsBONTERRA TO ACQUIRE METANOR, EXPANDING STRATEGIC POSITION IN URBAN BARRY CAMP AND DE-RISKING POTENTIAL PATH TO PRODUCTIONBonterra Resources Inc. and Metanor Resources Inc.have entered into a binding letter of intent dated June 17, 2018,to combine Bonterra and Metanor to create an exciting new advanced Canadian gold exploration and development company focused on...Read More
A clearer picture is emerging around how the business of legal cannabis will look in Canada and the United States, but amid the consolidations, there is also a frenzy of cross-listing activity as companies stake out territory in this growing market.Even in states where cannabis is legal, produce...Read full newsRead More
Chile's antitrust regulator FNE has launched a probe into Tianqi's recent acquisition of a stake in Chemical and Mining Society (SQM), the world's second largest lithium producer, to determine the possible effects on the market.Chinese miner Tianqi Lithium, the Asian nation's largest producer of the white metal, purchase last month a 24% stake in Chile's SQM from Canada's Nutrien (TSX:NTR), furt...Read More
"BMO Capital Markets ups its forecast 2025 EV penetration rate to 12%, citing this figure as the minimum view held by industry participants. Bullish #nickel"Read full newsRead More
(Bloomberg) - President Donald Trump has ordered a rescue of the nation's struggling coal and nuclear power industries, but that doesn't mean utilities are reconsidering the shutdown of unprofitable plants.Many power generators contacted said Trump's June 1 announcement hasn't altered their plans to retire old units even as the administration dangles the prospect of using emergency powers to forc...Read More
World's second largest miner Rio Tinto (ASX, LON, NYSE:RIO) said Monday it will begin developing its Koodaideri iron ore mine in Western Australia's Pilbara region next year, highlighting parallel plans to de-bottleneck rail capacity, which should increase it to 360 million tonnes per annum (mtpa) in 2019.The miner also said it would mine its first tonnes from the project, which it says it's one...Read More
Investment activity in Australia's iron ore arena might be building again to fever pitchRead full newsRead More
More than 30 Chinese companies active in the Democratic Republic of Congo formed a business association backed by both countries' governments, further cementing China's ascendancy in copper and cobalt production in the central African nation.The 35-member Union of Mining Companies with Chinese Capital will facilitate "communication and exchange between the Chinese mining companies and the governme...Read More
Australia's Lucapa Diamond (ASX:LOM) said Monday it had made $2 million after selling a new parcel of diamonds found at its prolific Lulo mine in Angola.Together with its partners, Empresa Nacional de Diamantes and Rosas & Petalas, Lucapa sold 1,782 carats at an average price of $1,150 per carat.Sale has taken gross sales proceeds from the Angola-based mine so far this year to $15.9 million.The sa...Read More
Australia's wealthiest woman and mining tycoon, Gina Rinehart, became Monday the third party interested in buying Atlas Iron this year after offering A$390 million ($290 million) in cash for the junior miner.The bid, made by Redstone Corporation Pty Ltd, a wholly?EUR?owned subsidiary of Rinehart's Hancock Prospecting, comes only a week after news emerged that Redstone had accumulated a 19...Read More
Osisko Gold Royalties announced today that it secured a silver stream from Falco Resources for Can$180 million.The silver stream will come from Falco's Horne 5 property in Rouyn-Noranda, Qu?(C)bec.Osisko will make staged upfront cash deposits to Falco of up to C$180 million and will make ongoing payments equal to 20% of the spot price of silver to a maximum of US$6 per ounce.Horne 5, a developmen...Read More