The Company ended the March 2024 quarter with ~$4m of cash and cash equivalents and following the partial sell down of its investment in Codrus, has an estimated cash position of ~$4.9m. Blackstone retains 10 million shares in Codrus and will maintain exposure to the portfolio of gold, uranium and rare earths projects. Blackstone’s Managing...
Category: investingnews
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Cannabis Round-Up: Tilray Reports Quarterly Results, Nebraska Adjusts Proposed CBD Tax Rate
Meanwhile, Nebraska lawmakers have proposed a lower tax rate for CBD after their initial offer was criticized, and unionized cannabis workers are preparing to strike on 4/20 as they seek improved benefits. Stay up to date on the latest news, trends and policy developments in the cannabis industry with our round-up below. The company’s alcohol...
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Compelling Cobalt Copper and REE Targets Identified at Broken Hill
Highlights Commenting on the announcement, Rimfire’s Managing Director Mr David Hutton said: “Rimfire is exploring throughout New South Wales for critical minerals that are associated with global decarbonisation strategies, such as scandium, PGEs, copper, and cobalt. While we remain firmly focussed on the scandium exploration program currently underway at Fifield and Avondale, we are also...
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5 Top Weekly TSXV Stocks: Juggernaut Exploration Steps Up with 56 Percent Gain
The bank’s statement indicates that it believes inflation is moving in the right direction and is confident that it will be able to lower rates this year; this echoes language used by the US Federal Reserve at its March meeting. The news had little impact on precious metals, with gold continuing to soar past US$2,400...
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Norfolk Metals Limited (ASX: NFL) – Trading Halt
Description Issued by ASX Compliance source
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Bonanza East 12.4m @ 33.4 g/t AuEq, including 6m @ 53.4 g/t AuEq
Highlights Diamond drillhole ACDDH015 intersected both the Bonanza East and Fraternal Shoots. The second hole drilled, ACDDH016, was targeted to intersect near the interpreted top of the Bonanza East Shoot, approximately 120m above ACDDH015. The hole intersected 21m of moderate to strong arsenopyrite mineralisation from 68m with intermittent stibnite veining in the first six metres....
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Rights Issue and Shortfall
As announced on 21 February 2024, eligible shareholders who participated will receive 1 fully paid ordinary share in the capital of the Company (“Share”) for every 3 Shares held, at an issue price of $0.002 per Share (pre-consolidation) (or $0.01 on a post-consolidation basis), together with 1 free attaching option to acquire a Share (“Option”)...