Canada and U.S. Strengthen Ties on Critical Minerals

BTV

May 17, 2024

‍3 Minute Read

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Dow Jones: 39,952 (+0.91%)
S&P 500: 5,299 (+1.27%)
Nasdaq 100: 18,533 (+1.67)
TSX: 22,430 (0.48%)
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(USD)

As of 05/17/2024 at 12:10 PM PST

🚀 Ontario Mining Sector Boosts Economic Growth and Investor Confidence

Market Impact Ontario's critical mineral and mining sectors are making waves in the stock market. Contributing over $8 billion to the province's GDP and supporting more than 70,000 jobs, this sector is a vital player in driving economic stability and growth.

As Doug Ford tweeted, “Ontario’s critical mineral and mining sectors support over 70,000 good-paying jobs and contribute over $8 billion to our GDP, benefiting workers from mining to manufacturing and everywhere in between.”

Economic Contributions: The mining sector's robust performance is not just about numbers—it's a testament to the hard work of the men and women who keep it running. As Ford highlighted, “This National Mining Week, let’s celebrate the incredible work done by the men and women in our mining sector, who are helping create a more sustainable, secure and prosperous future for us all.” Their efforts are creating a sustainable and prosperous future, bolstering investor confidence and market resilience.

Future Prospects: The strength of Ontario's mining sector is a crucial component of the broader economic landscape. It drives momentum in the stock market and sets the stage for continued growth and prosperity. Investors can look to the mining sector as a cornerstone of Ontario's vibrant financial future.

Lahontan Gold

TSX.V: LG

Lahontan aims to restore the prolific Santa Fe Mine, capitalizing on Nevada's top-tier mining assets to drive forward their gold and silver production.

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Japan Gold

TSX.V: JG

Japan Gold Corp leads as a first mover in Japan's newly opened gold mining industry, backed by strategic partnerships and significant foreign investment.

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IsoEnergy

TSX.V: ISO

At the forefront of the nuclear revolution, IsoEnergy is distinguishing itself as a leading force, particularly within the uranium sector globally.

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🤝 Canada and U.S. Strengthen Ties on Critical Minerals

Joint Investment The U.S. government is investing US$14.8 million in two Canadian critical mineral mining projects, with Canada contributing CA$12.4 million. This collaborative effort is part of the recently renewed Canada-U.S. Energy Transformation Task Force, aimed at securing critical mineral supply chains.

Strategic Partnership The investment underscores the importance of North American cooperation in securing essential minerals used in technologies such as electric vehicles and renewable energy systems. By working together, Canada and the U.S. aim to reduce dependency on other countries and bolster their economic resilience.

Future Outlook This partnership not only strengthens economic ties but also enhances the strategic positioning of both nations in the global critical minerals market. Investors and industry stakeholders can look forward to a more secure and stable supply chain, supporting the growth of green technologies and sustainable economic development.

Harvest ETFs: HDIF - Diversified Monthly Income ETF

The Harvest Diversified Monthly Income ETF is built to deliver the consistent monthly income and diverse growth opportunities that Harvest ETFs are known for.

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🎉 Celebrating 20 Years of the CSE’s Growth and Success

Milestone Celebration The Canadian Securities Exchange (CSE) marked its 20th anniversary, celebrating significant achievements. Since 2004, the CSE raised over $26 billion, becoming one of the world's fastest-growing exchanges with an efficient operating model and advanced technology.

Key Achievements In the past year, the CSE welcomed 91 new listings, launched the CSE 2 trading book, and introduced a new brand and website. With over 800 listed securities and 65 dealers, the CSE’s track record showcases robust growth.

💬 "Support for our issuers is hardwired into our culture, with a commitment to deliver public market services that our issuers and their investors need."
- Richard Carleton, CEO

Urbana Corporation:
Strategically Amplifying Asset Value Through Mixed Investments

CSE: URB.A

Urbana Corporation excels in driving asset growth by skillfully blending public securities investment with pivotal private equity stakes. Known for acquiring assets at significant discounts, Urbana leverages its experienced team to manage risks effectively and deliver substantial long-term returns. This strategic approach not only capitalizes on the benefits of diversification but also positions Urbana to maximize investor gains from the unique potentials of private markets.

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📢 This Week's Selected News:

Stillwater Critical Minerals Closes $3.89 Million Placement with $2.1 Million Lead Order from Glencore

Stillwater Critical Minerals (TSX.V: PGE, OTCQB: PGEZF) has secured CA$3.89 million in a private placement, bolstered by a significant CA$2.1 million lead order from Glencore. This funding will be utilized to advance Stillwater's exploration and development initiatives, reinforcing its strategic role in the critical minerals sector. This investment highlights the growing interest and support from major industry players like Glencore in the promising potential of Stillwater’s projects.

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Dosing Begins in Lexaria's Comprehensive GLP-1 Animal Study

Lexaria Bioscience (NASDAQ:LEXX) has commenced dosing in its comprehensive GLP-1 animal study, aiming to evaluate the effectiveness of its DehydraTECH™-enabled oral GLP-1 drugs for treating diabetes and obesity. The study will assess the bioavailability and pharmacokinetics of GLP-1 drugs delivered using DehydraTECH™ technology. This marks a significant step in Lexaria's efforts to develop innovative treatments for metabolic disorders.

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