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Rising coronavirus cases fuel resurgence fears as Biden ramps up vaccination push

Swiftly rising coronavirus cases across the United States and abroad fueled fears of a pandemic resurgence on July 19 and sent shockwaves through stock markets as the highly contagious Delta variant appeared to be taking hold.

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U.S. coronavirus cases rise, fueling fears of resurgence

(Reuters; 

Swiftly rising coronavirus cases across the United States and abroad fueled fears of a pandemic resurgence on Monday and sent shockwaves through stock markets as the highly contagious Delta variant appeared to be taking hold.

Many of the new outbreaks were in parts of the country where COVID-19 vaccinations have lagged, prompting political leaders to ramp up pressure on reluctant Americans to get the inoculations.

President Joe Biden, citing higher rates of COVID-19 in states with low vaccination rates, said during a speech that the nation’s economic recovery hinged on getting better at controlling the pandemic. (Graphic on U.S. cases)

“So please, please get vaccinated,” Biden pleaded. “Get vaccinated now.”

A federal judge on Monday ruled that Indiana University could require students to be vaccinated, rejecting claims in a lawsuit the mandate violated their rights under the U.S. Constitution.

The ruling could set a precedent for similar vaccination orders in schools and businesses. Attorneys for the plaintiffs have said they would appeal to a higher court.

Also on Monday, Canadian Prime Minister Justin Trudeau said fully vaccinated Americans could cross the border for the first time in 16-months from Aug. 9, easing a travel ban that many business owners complained was crippling them.

Vaccines and especially mandatory shots are deeply controversial among conservatives.

People wearing face protective masks walk on Hollywood Blvd during the outbreak of the coronavirus disease (COVID-19), in Los Angeles, California, U.S., March 29, 2021. REUTERS/Mario Anzuoni/File Photo/File Photo

WALL STREET SELLOFF

The average number of daily new COVID-19 cases in the United States has tripled in the past 30 days, according to an analysis of Reuters data, climbing to 32,136 on Sunday.

The average number of people hospitalized with COVID-19 has also risen 21% over the past 30 days to over 19,000, according to the same Reuters analysis. Deaths, which can lag behind other indicators, rose 25% last week to an average of 250 per day.

Wall Street saw a broad selloff of stocks as investors worried that the latest outbreaks could prompt state and local officials to impose new lockdowns and business closures.

Millions of Americans were thrown out of work and many small businesses were forced out of business due to nationwide clampdowns during 2020.

Already Los Angeles County has ordered residents to wear masks indoors again following a surge in cases across Southern California.

New York City Mayor Bill de Blasio told a news conference on Monday that the city had no plans to reimpose mask mandates despite a rise in cases. The mayor said he would redouble vaccination efforts.

Arkansas has been especially hard hit by the resurgent virus. All but two of the state’s 75 counties have substantial or high levels of transmission, according to the U.S. Centers for Disease Control and Prevention (CDC).

The Delta variant is responsible for 90% of current new cases in Utah’s Salt Lake County, state epidemiology manager Ilene Risk said.

To combat the rising infections, the county has enlisted faith leaders and doctors to persuade the roughly 40% of eligible people who are not fully vaccinated to accept the shots, she said.

The American Academy of Pediatrics on Monday released updated recommendations for schools that included mask-wearing for everyone over the age of 2, regardless of vaccination status.

Earlier this month, the CDC updated its own guidance for schools in an effort to help reopen in the fall, recommending masks indoors for everyone not fully vaccinated, among other guidelines.

Reporting by Maria Caspani in New York, Anurag Maan in Benagluru, Sharon Bernstein in Sacramento, Rich McKay in Atlanta, Tom Hals in Wilmington, Delaware and Dan Whitcomb in Los Angeles; Editing by Howard Goller, Lisa Shumaker and Richard Pullin

Our Standards: The Thomson Reuters Trust Principles.

 

Reuters source:

https://www.reuters.com/business/healthcare-pharmaceuticals/us-coronavirus-cases-rise-fueling-fears-resurgence-2021-07-19

 

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Economics

Nevada Sunrise Completes Sale of Water Rights in Clayton Valley, Nevada

Nevada Sunrise Gold Corp. ("Nevada Sunrise", or the " Company ") (TSXV: NEV) (OTC: NVSGF) is pleased to announce that it has completed the sale of its water rights in the Clayton Valley, Nevada (the "Transaction") through its wholly-owned Nevada subsidiar

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Nevada Sunrise Gold Corp. ("Nevada Sunrise", or the " Company ") (TSXV: NEV) (OTC: NVSGF) is pleased to announce that it has completed the sale of its water rights in the Clayton Valley, Nevada (the "Transaction") through its wholly-owned Nevada subsidiary company Intor Resources Corporation to Cypress Development Corp. of Vancouver, BC Canada (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) ("Cypress").

The Transaction represents a major milestone for Cypress' Clayton Valley Lithium Project, near Silver Peak, Nevada and provides an opportunity for Nevada Sunrise to share in future success gained by Cypress' efforts to develop a new lithium mine in Esmeralda County . The total purchase price of US$3.0 million included an initial cash deposit of US$150,000 , and a final payment of US$2.85 million (the "Closing Payment"). The Closing Payment comprised US$2.0 million in cash and the issuance of Cypress' common shares to the value of US$850,000 .

The Permit allows for the appropriation of the public waters of the State of Nevada in the amount of 1,770 acre-feet of groundwater per year for mining, milling and domestic applications. This amount represents the largest single volume of permitted water available in the Clayton Valley, which is a fully appropriated hydrogeographic basin.

Net proceeds received by the Company from the Transaction will be used to retire legal liabilities totaling approximately US$500,000 incurred during the water rights litigation from 2016 to 2019 (see Nevada Sunrise news releases dated May 16, 2016 and September 30, 2019 ), and payment of the balance owing to the underlying vendor of the water rights of approximately US$800,000 (see Nevada Sunrise news release dated March 21 , 2016).

About Nevada Sunrise
Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA .

The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover where an extensive exploration program, including drilling and ground geophysics, concluded in late November 2020 . Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1 Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca . The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno , with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest.

Nevada Sunrise owns 100% interests in the Jackson Wash and Gemini lithium projects, both of which are located in Esmeralda County . The Company owns Nevada water right Permit 86863, located in the Lida Valley basin, near Lida, Nevada .

Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender, Jr. , CPG, RG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

FORWARD LOOKING STATEMENTS
All statements in this release, other than statements of historical fact, are "forward-looking information" with respect to Nevada Sunrise Gold Corporation ("Nevada Sunrise") within the meaning of applicable Canadian securities laws, including statements that address the sale of the Company's water rights, and the potential for future development of a lithium resource and mineral production by Cypress. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Nevada Sunrise to differ materially from those anticipated in such forward-looking information.


Such factors include, among others, risks related to the sale of the Company's water rights, reliance on technical information provided by third parties on the Company's water rights or on Cypress' Clayton Valley lithium project, including access to historical information on exploration, current exploration and development activities; changes in Cypress' project parameters as its plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of the Transaction, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Nine Months Ended June 30, 2021, which is available under Company's SEDAR profile at www.sedar.com .


Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.


Forward-looking statements are made as of the date hereof and accordingly are subject to change after such date. Except as otherwise indicated by Nevada Sunrise, these statements do not reflect the potential impact of any non-recurring or other special items or of any dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Nevada Sunrise does not undertake to update any forward-looking statements that are included in this document, except in accordance with applicable securities laws.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release. The Securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2021/08/c0367.html

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Stocks

Canstar Closes $5.2 Million Flow-Through Financing

(TheNewswire) Toronto, Ontario – TheNewswire December 8, 2021 Canstar Resources Inc. (TSXV:ROX ) & ( OTC:CSRNF) (" Canstar" or the "Company ") is pleased to announce that it has completed its previously announced non-brokered private placement,…

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(TheNewswire)



Toronto, Ontario - TheNewswire December 8, 2021 Canstar Resources Inc. (TSXV:ROX ) & ( OTC:CSRNF) (" Canstar" or the "Company ") is pleased to announce that it has completed its previously announced non-brokered private placement, consisting of the sale of 14,412,471 flow-through units (each a "FT Unit") at a price of $0.315 per FT Unit and 1,724,138 premium flow-through units (each a "Premium FT Unit", and together with the FT Units, the "Offered Units") at a price of $0.39 per Premium FT Unit for aggregate gross proceeds of $ $5,212,342.19 (the "Offering"). Each FT Unit is composed of one (1) common share ("Share") of the Company issued on a flow-through basis within the meaning of the Income Tax Act (Canada) (the "Tax Act") and one-half of one (0.5) Share purchase warrant (each whole warrant, a "Warrant").  Each Warrant will entitle the subscriber to purchase one (1) additional Share at a price of $0.42 until the second (2 nd ) anniversary of the closing date of the Offering (the "Expiry Date").

The Company will use an amount equal to the gross proceeds received by the Company from the sale of the Offered Units, pursuant to the provisions in the Income Tax Act (Canada) (the "Tax Act"), to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") on or before December 31, 2022, and to renounce all the Qualifying Expenditures in favour of the subscribers of the Offered Units effective December 31, 2021. The Company intends to use such proceeds primarily on the Golden Baie property, located in south Newfoundland, and the Buchan's-Mary March property in central Newfoundland.

In connection with the closing of the Offering, the Company paid commissions to certain finders of an aggregate of $286,026.06 in cash and 908,019 finder warrants (each a, "Finder Warrant"). Each Finder Warrant will entitle the holder thereof to purchase one (1) Share at an exercise price of $0.315 per Finder Warrant for a period of 24 months from closing of the Offering.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange ("TSXV") and the securities regulatory authorities. All securities issued and issuable in connection with the Offering are subject to a hold period of four months plus one day.

A certain director of Canstar (the "Insider") subscribed to the Offering for an aggregate of 158,800 FT Units and the participation of the Insider in the Offering constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on an exemption from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to section 5.5(a) and section 5.7(1)(a), as the fair market value of the Insider's participation is not more than 25% of the Company's market capitalization.

The securities offered in the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction.

About Canstar Resources Inc.

Canstar is focused on the discovery and development of economic mineral deposits in Newfoundland and Labrador, Canada. Canstar has an option to acquire a 100% interest in the Golden Baie Project, a large claim package (62,175 hectares) with recently discovered, multiple outcropping gold occurrences on a major structural trend in south Newfoundland. The Company also holds the Buchans-Mary March project and other mineral exploration properties in Newfoundland. Canstar Resources is based in Toronto, Canada, and is listed on the TSX Venture Exchange under the symbol ROX and trades on the OTCPK under the symbol CSRNF.

For further information, please contact:

Rob Bruggeman P.Eng., CFA

President & CEO

Email: rob@canstarresources.com

www.canstarresources.com

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions, the completion of the Offering, the anticipated use of the net proceeds from the Offering and the receipt of all necessary approvals. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to complete the Offering on the terms or on the timeline as announced or at all, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Canstar is focused on the discovery and development of economic mineral deposits in Newfoundland and Labrador, Canada. Canstar has an option to acquire a 100% interest in the Golden Baie Project, a large claim package (62,175 hectares) with recently discovered, multiple outcropping gold occurrences on a major structural trend in south Newfoundland. The Company also holds the Buchans-Mary March project and other mineral exploration properties in Newfoundland. Canstar Resources is based in Toronto, Canada, and is listed on the TSX Venture Exchange under the symbol ROX and trades on the OTCPK under the symbol CSRNF.

NOT FOR DISTRIBUTION IN THE U.S. OR DISSEMINATION THROUGH U.S. NEWSWIRE SERVICES

Copyright (c) 2021 TheNewswire - All rights reserved.

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Economics

Canada’s economy desperately needs investment dollars

The government isn’t making it easy to do business in Canada. It needs to minimize restrictions, regulations, red tape and time delays Gross domestic product (GDP) is what economists call the totality of goods and services Canada produces. It’s often…

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The government isn’t making it easy to do business in Canada. It needs to minimize restrictions, regulations, red tape and time delays

Gross domestic product (GDP) is what economists call the totality of goods and services Canada produces. It’s often referred to as the economic pie. We all want a share of the pie.

Most of us think it’s only fair that all Canadians should be able to enjoy at least a basic level of income. Therefore, much of the attention around GDP goes to how it’s divided. Who gets too much, and who doesn’t get enough? How can we use taxes and transfer payments to smooth out the distribution?

There are two ways most Canadians can get themselves a bigger piece of the pie. One is to try to take some pie from people who have more. That’s a zero-sum game; any increase in pie for some is exactly matched by a reduction for others who won’t be enthusiastic about the change.

A better way to provide more for all is to increase the size of the pie. We increase our GDP by investment – by providing capital. Investment is the spending businesses use to produce more of the goods and services we enjoy and trade with other countries. That’s making the pie bigger.

Investment dollars, once put to use, become capital. Capital can take many forms. It can be buildings and infrastructure, machinery and equipment, software or other forms of technology, or even human capital – the skills and abilities people acquire from training or experience.

Strong investment and a growing capital stock increase our GDP and get us out of the zero-sum game. Now everyone can have a bigger piece of the pie, and no one has to cut back.

Alas, that’s not happening in Canada.

In 2015, investment in the private sector was growing at a four per cent rate. But it has been declining since.

As a stream fills a lake, investment flows maintain our stock of capital. Capital depreciates over time. Unless new investment more than compensates for this deterioration, our stock of capital is reduced, leaving us less able to produce goods and services, and seeing our economic pie shrink instead of grow.

Statistics Canada has released data that show an absolute reduction in Canada’s stock of capital in 2020, the first time such a drop has occurred since records were kept. This drop can’t all be blamed on the pandemic since it reflects a trend that started several years earlier.

The traditional energy sector – oil and gas – has been hard hit. Other things being equal, this should be good for the environment. However, there hasn’t been a compensating increase in investment and capital stock in alternative energy sources such as solar, wind or small-scale nuclear power. Nor have we seen investment in natural gas or other less polluting carbon energy sources.

Reducing investment in old energy without increasing it in cleaner energy sources will reduce total energy output, reduce exports and raise prices for Canadians.

The energy sector is not the only one losing capital. The stock of capital in the manufacturing sector is at its lowest level in 35 years. Optimists have been saying that Canadian manufacturers could expand by taking advantage of goods shortages generated by COVID-19-related supply chain problems. With capital stocks at the level of 1986, manufacturers are unlikely to be able to do so.

We can’t rely on foreign investors to deal with our depleting capital stock. This year, Canadian pension funds bought more investments from foreign countries than foreigners bought from Canada.

There are things we can do to encourage more private sector investment in Canada. First, however, there’s one thing we mustn’t do. No restrictions should be placed on the outflow of capital. Such restrictions reduce foreign capital coming into Canada since investors fear they won’t be able to take their money out. And Canadian and other businesses may choose not to operate in Canada for fear of limitations on capital movements.

Governments should make it as easy as possible to do business in Canada by minimizing restrictions, regulations, red tape and time delays.

Individuals can choose saving over spending. Whether they invest the saved funds themselves, use the money to pay down debt or put it in the bank, the dollars not consumed will end up as capital.

Finally, people can invest in themselves through education and training. Human capital is at least as important as the financial kind.

By Roslyn Kunin
Columnist
Troy Media

Troy Media columnist Roslyn Kunin is a consulting economist and speaker.

Courtesy of Troy Media.

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