Sponsored by Alaska Energy Metals

DD On The Go, Episode One

After years of learning hard lessons in venture investing, SmallCapSteve and Jay Lutz had a bright idea. Rather than just scouring news releases and diving into filings to learn about a company, why don’t we strap on our boots and do some on the ground due diligence?

Our goal is to show viewers — and investors — what exactly these public companies are made of, whether it be early stage exploration assets, a past producing mine, or hey – a fancy new lab with all the bells and whistles. We are industry agnostic in our travels, however there will be a particular focus on junior mining, because lets face it, that’s what Canada’s capital markets largely consist of.

Our goal is to find an early stage exploration company that can create a mine.

You can read more on the matter here.

What’s going on?

• Unemployment Rate Climbs To 6.1% In March For Canada (theDeepDive)

• Magnitude 4.8 earthquake strikes northeastern United States (CNBC)

• Bird Flu Spreads to Dairy Herds Across Multiple US States (theDeepDive)

• US job growth blows past expectations; unemployment rate falls to 3.8% (Reuters)

• China paid approximately $250,000 to ‘threat actors’ working in Canada, inquiry told (Globe)

• Corporate Bankruptcy Filings Surge to Levels Not Seen Since Great Recession (theDeepDive)

• Biden to Make Second Attempt at Large-Scale Student Loan Forgiveness (Bloomberg)

• OPEC+ Keeps Oil Supply Tight, Driving Crude Prices to 5-Month Highs (theDeepDive)

• US, EU eye Chinese legacy chips in renewed semiconductor accord (Reuters)

• Elon Musk’s xAI Has Been Poaching Engineers from Tesla, Board of Directors Keep Mum As Usual (theDeepDive)

• Skydance’s unique offer for Paramount Global would give it a large stake while keeping the company public (CNBC)

What’s the latest?

• Unemployment Up: Canada's unemployment rate rose to 6.1% in March, the highest increase since summer 2022, as high interest rates and strong population growth pressured the labor market. Employment was virtually unchanged with a loss of 2,200 jobs, with significant job losses in the accommodation and food services sector, wholesale and retail trade, and professional, scientific, and technical services.

• Old-Fashioned Heist: Thieves executed a bold heist in Los Angeles on Easter Sunday, stealing $30 million in cash from a money storage facility. The crime, which took place at a location identified as belonging to GardaWorld, involved the culprits breaking into the building and cracking the safe without immediate detection. The massive theft was only discovered upon the vault's opening.

• US Employment: U.S. employers exceeded expectations in March, adding 303,000 jobs and indicating a strong end to the first quarter of the year. This robust hiring, coupled with steady wage growth, may influence the Federal Reserve's decision on anticipated rate cuts. The unemployment rate dropped to 3.8%, reflecting a significant increase in household employment.

• Apple Layoffs: Apple is initiating its first significant wave of job cuts since the pandemic, with 614 employees across eight offices in Santa Clara, California, being notified of their termination, effective May 27. Apple, which reported having about 161,000 full-time employees in a recent filing, had previously been an outlier by not reducing its workforce over the past two years like its peers.

• New York Quake: A 4.7-magnitude earthquake hit the New York City region, with its epicenter near Whitehouse Station, New Jersey, according to the U.S. Geological Survey. The event, which initially was measured at 5.5 magnitude by the European Mediterranean Seismological Centre, was felt across New York City, New Jersey, northern Pennsylvania, and western Connecticut.

What's driving gold prices?

The stock market and stuff

• Spotify To Increase Prices Yet Again — Report (theDeepDive)

• Johnson & Johnson to Buy Shockwave Medical in $13.1 Billion Deal (WSJ)

• McDonald’s will buy all 225 restaurants from Israel franchise following pro-Palestinian boycott fallout (CNBC)

• Alphabet Eyes HubSpot Acquisition, Pushing Firm’s Shares To Surge (theDeepDive)

In the juniors

• Hut 8 Corp Sees Self-Mining Bitcoin Production Fall 21% In March (theDeepDive)

• Mayfair Gold Sets Record Straight Amid Muddy Waters’ Activist Push Against Board (theDeepDive)

• Tokens.com Acquires Company Behind AI Sex Robots (theDeepDive)

FULL DISCLOSURE: Alaska Energy Metals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Alaska Energy Metals. The author has been compensated to cover Alaska Energy Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.