Sprott's Grosskopf: It's now 'mandatory' to hold gold as Fed supports infinity QE
The Federal Reserve is wrapping up its first regularly scheduled monetary policy meeting since the global economy was turned upside down because of the COVID-19 pandemic. Since early March, the U.S. central bank has...
Sprott’s Peter Grosskopf: It will be much harder to get gold as Scotia winds down bullion desk
Physical precious metals investors continue to get hit with bad news after Reuters reported that Scotiabank would wind down its precious metals business by 2021. Peter Grosskopf, chief executive officer at Sprott Inc.,...
Novo Agrees to Acquire Significant Stake in New Found Gold Corp.
Resources Corp. “” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has subscribed for 15,000,000 common shares of New Found Gold Corp. “New Found”), a Canadian private exploration company with the largest mineral claim package in the Province of Newfoundland and Labrador. The subscription price will be paid by the issuance of 6,944,444 common shares of Novo (the “Acquisition”). The...
What Kind Of Shareholder Appears On The Bonterra Resources Inc.’s Shareholder Register?
If you want to know who really controls Bonterra Resources Inc. (CVE:BTR), then you’ll have to look at the makeup of its share registry. Insiders often own a large chunk of younger, smaller, companies while huge...
Canadian Palladium Closes Non-Brokered Private Placement
Canadian Palladium Resources Inc. (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) (formerly 21C Metals Inc.) (the "Company") has closed the non-brokered private placement previously announced on January 20, 2020. The private placement raised gross proceeds of $4,000,403 through the issuance of 33,336,698 units (each, a "Unit") at a price of $0.12 per share. Each Unit consists of one common share and one common share purchase...
Ontario Claiming Global Stake in Palladium Sector with Latest Deal
Junior explorer Sienna Resources (TSXV:SIE,OTC Pink:SNNAF) has acquired the Marathon North palladium property in Northern Ontario, which is adjacent to Generation Mining’s (CSE:GENM) Marathon palladium project. Interest in the area has peaked in recent months, with global platinum-group metals (PGMs) producer Impala Platinum (OTC Pink:IMPUY,JSE:IMP) merging with North American Palladium in December to create Impala Canada, which now...
Behind The Victorian Gold Revival
For the best part of 50 years Victoria’s historically fecund gold fields have been a basket case, given lack of government support and disastrous big-ticket attempts to revive the underground Bendigo and Ballarat mines.Now, the region is in the midst of a latter day gold rush, thanks to the efforts of Canadian miner Kirkland Lake Gold ((KLA)) at developing the Fosterville mine into a 600,000 ounce a year, 46 grams a tonne...
Generation Mining Announces $8 Million Private Placement of Units Including a $5 Million Investment from Eric Sprott
Generation Mining Limited (CSE:GENM) ("Gen Mining" or the "Company") is pleased to announce that it has entered into an agreement with Haywood Securities Inc. and Mackie Research Capital Corporation as co-lead underwriters and joint-bookrunners on behalf of a syndicate of underwriters including PowerOne Capital Markets Limited and Raymond James Ltd. (collectively, the "Underwriters"), pursuant to which the...