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P2P Group appoints new CEO to spearhead expansion into healthcare and technology markets
Canadian consumer goods company P2P Group (CSE: PPB / FSE: 3QG) has appointed Yojee founder Ed Clarke to the role of chief executive officer, effective immediately. He replaces current P2P chief executive officer Simon Cheng, who will remain a director of the company. Mr. Clarke has considerable experience in hyper-growth technology platforms gained through his […]
Canadian government steps up investment in critical minerals
While various parties around the world have decided to cut back on their spending on critical mineral exploration and development, Canada’s government has chosen to make significant investments in commodities such as lithium and rare earths. The provinces of Saskatchewan and Alberta, in particular, have received substantial cash injections. The government has identified 34 critical […]
Pure to Pure Beauty completes acquisition of InturAI to revolutionise health care monitoring
Canadian consumer goods company Pure to Pure Beauty (CSE: PPB, FRA: 3QG0) has acquired the developing software platform InturAI in a bid to transform the health care and monitoring landscape. The InturAI platform targets improvements in the cost of care and patient outcomes in consumer environments such as nursing homes by capturing important data such […]
Blockmate investee Hivello forms strategic alliances to boost DePIN sector ahead of token launch
Decentralised physical infrastructure networks (DePIN) developer Hivello has partnered with three technology agencies in the lead-up to a token launch in August. The company will work with Dubai-based marketing firm Luna PR, technical growth agency Winn Solutions and blockchain specialist Forgd to help expand its reach to seasoned crypto enthusiasts and newcomers who can seamlessly […]
Base Resources receives takeover bid from Energy Fuels to create global critical minerals group
US-based critical minerals producer Energy Fuels (TSX: EFR) has made a takeover bid for Australian company Base Resources (ASX: BSE) to create a billion-dollar global business with a focus on rare earth elements, uranium and mineral sands production. Under the terms of the proposal, Base shareholders will receive 0.026 Energy Fuels shares for each Base […]
Canada increases capital gains tax for wealthy individuals and companies
Canada’s government has announced it will raise capital gains taxes on companies and wealthy individuals to help pay for billions in new spending aimed at making housing more affordable and improving the lives of young people. The nation’s latest budget was tabled this week with a host of spending promises to increase housing supply and […]
Valeo Pharma reports revenue jump to $13.5m for three months to end January
Canadian pharmaceutical company Valeo Pharma Inc (TSX: VPH) has reported a 3% increase in revenues for the three months to end January. The increase equates to $13.5 million and compares to $13.1 million from the previous corresponding quarter. The growth has been attributed to an uplift in sales generated from promotional activities for anaphylaxis preventer […]
Perimeter Medical Imaging AI confirms positive outcomes from study of artificial intelligence technology on breast cancer surgeries
A peer-reviewed study on an artificial intelligence technology developed by Perimeter Medical Imaging AI (TSX-V: PINK) has identified positive outcomes for breast cancer surgery. When integrated with wide field optical coherence tomography (WF-OCT), Perimeter’s ImgAssist software has been shown to enhance productivity and decision making in surgery margin assessments. The deep learning model showed high […]
Mitsubishi and Frontier Lithium announce $25m partnership for PAK project in Ontario
Japan’s leading trading company Mitsubishi Corporation has agreed to invest $25 million in Frontier Lithium (TSXV: FL) and its PAK lithium project mine and planned conversion facility in Ontario, Canada. The two companies have signed a definitive agreement to establish a joint venture (JV) partnership, under which Mitsubishi has agreed to acquire an initial 7.5% […]
PDAC calls for Canadian government to provide further mining support
Leading Canadian mining industry body Prospectors & Developers Association of Canada (PDAC) has written to the nation’s government with a number of suggestions which it believes can help improve the local industry’s global standing. While PDAC, which represents some 7000 members and host to the world’s largest mining event, was encouraged by the moves the […]
Canadian silver producers seek recognition of critical mineral status as deficits continue
A group of 19 Canadian silver miners is asking the federal government in Ottawa to recognise silver as a critical mineral as the country’s producers boost production to C$300 million per year. Acknowledging that the second half of the 20th century saw silver production in Canada decline due to economic factors and falling grades, the […]
Blockmate Ventures and Hivello forge ahead in decentralised networks with latest capital raising
International innovative investment firm Blockmate Ventures (TSX-V: MATE) is celebrating a successful capital raising by its investee firm Hivello Holdings. Hivello, a leading developer of decentralised physical infrastructure networks (DePIN), has attracted an additional US$1.5 million in funding after receiving strong interest from investors following the announcement of a US$1m raising in December 2023. Blockmate […]
Goldman Sachs lifts oil price forecast to US$90 a barrel
Supply disruptions and increasing demand for oil has seen US investment bank Goldman Sachs raise its forecast year end price for the commodity to US$90 per barrel. The Wall Street bank ramped up its already-optimistic forecast on the weekend, adding another US$10 onto its previous US$80/bbl forecast for Brent Crude (the international standard). Last week, […]