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Breaking news and real-time updates from the ASX small-cap market
Market Wrap: Gold miners lose the tug of war with Consumer Stocks
A tug of war between rising gold miners and a souring consumer sector saw the Australian share market end the week basically flat on Friday. By the close the ASX 200 had fallen just 3.6 points or less than 0.1% to 8881.9 points, although the index had fallen 1.7% for the week. A fairly negative lead in from Wall Street didn’t help with shares in Facebook parent Meta falling, dragging down the rest of the magnificent seven mega-cap technology stocks and causing all three major US indices to drop.
Cizzle Brands reports $5.64m in net sales for first half of FY25
Cizzle Brands Corporation (CBOE: CZZL) has reported over $5.64 million in net sales for the six months to the end of January, with a gross profit margin of 60.03% and a gross profit of more than $3.38m. The earnings, which capped off the first half of Cizzle Brands’ inaugural fiscal year as a public company, […]
Fraser Institute says fracking bans costing billions in Nova Scotia and New Brunswick
Canada’s Fraser Institute says bans on hydraulic fracturing have led to billions of dollars’ worth of shale gas potential in both Nova Scotia and New Brunswick going undeveloped. In a new report, the independent public policy think tank says the shale gas reserves have a potential long-term market value of between C$47b and C$190b. Kenneth […]
Oil prices fall as OPEC+ sticks to voluntary production hike timeline
The eight OPEC+ countries that previously announced additional voluntary production adjustments in April and November 2023 have agreed to move ahead with planned output hikes, starting in April. The decision came as a surprise to some commentators, with market consensus suggesting the group would postpone the restart as they had done three times since the […]
Canada extends mineral exploration tax credit to support early-stage development
Canada’s minister for Natural Resources has confirmed that the government is extending its 15% mineral exploration tax credit by two years. Speaking at the annual Prospectors & Developers Association of Canada (PDAC) convention in Toronto, Minister Jonathan Wilkinson said the tax credit tax credit is expected to create approximately $780 million in flow-through share investment […]
TNR Gold Corp welcomes McEwen Mining’s submission of Loz Azules copper project for Argentinian investment incentives
North American producer McEwen Mining (NYSE: MUX) has put forward its US$2.7 billion Los Azules copper project for admission to Argentina’s large investment incentive regime (RIGI), through its subsidiary companies McEwen Copper and Andes Corporación Minera SA. Approximately US$227 million has been committed under the RIGI to complete the project’s feasibility study, conduct additional exploration […]
Patriot Battery Metals identifies significant caesium zones at Shaakichiuwaanaan lithium project
Patriot Battery Metals (TSX: PMET) has used a review of historical drill core assays to identify multiple areas of considerable caesium enrichment at its Shaakichiuwaanaan project in the James Bay region of Quebec, Canada. Due to its increasing role in cancer treatment, atomic clocks, drilling fluids and other applications, TechNavio is forecasting 2.7% compound annual […]
Cizzle Brands strengthens market presence as CWENCH Hydration hits more retail shelves
Leading Canadian sports nutrition company Cizzle Brands Corporation (CBOE: CZZL, OTCQB: CZZLF, Frankfurt: 8YF) has expanded its business growth strategy with the release of its four ready-to-drink (RTD) flavours of CWENCH Hydration through multiple new outlets. The flavours are now available through major regional grocery chains Calgary Co-op and Freson Bros in the Canadian province […]
P2P Group’s Inturai AI tracking system demonstrates same location accuracy as expensive bluetooth trackers
Testing of the Inturai artificial intelligence-driven Wi-Fi signal tracking system developed by P2P Group (CSE: PPB) has demonstrated the same sub-meter location accuracy as expensive Internet of Things (IoT) beacons minus the need for specialised tracking hardware. The breakthrough discovery could potentially remove capital expenditure for the deployment of beacons, locators and gateways, which are […]
Anglo American sells nickel assets to MMG as part of strategic refocus
Anglo American has sold its nickel arm for US$500m to a Singapore-based subsidiary of MMG as part of a plan to tighten its business. The company’s nickel business comprises two ferronickel operations in Brazil – Barro Alto and Codemin – and two large greenfield growth projects, Jacaré and Morro Sem Boné. The Barro Alto mine, […]
Barrick Gold’s North American operations help lift Q4 performance
Barrick Gold’s (NYSE: GOLD) North American operations have helped deliver a strong performance in Q4. The North America, Africa and Middle East operations each met their production guidance for the year, while Barrick also advanced the Fourmile project in Nevada. Year-on-year operating cash flow increased by 20% to US$4.49 billion and, driven by stronger earnings, […]
Cizzle Brands to sell CWENCH Hydration in Fortinos supermarkets
Cizzle Brands Corporation (CBOE: CZZL) has signed a deal to sell its range of CWENCH Hydration sports drinks in stores owned by Canadian grocery chain Fortinos. The deal will see CWENCH Hydration flavours carried in 24 Fortinos supermarkets throughout the Greater Toronto and Greater Hamilton areas of Ontario, with the ready-to-drink (RTD) format available from April. Fortinos […]