Sponsored by Anfield Energy

Tokenized gold resources in junior mining?

“Gold, in its radiant splendor, has perpetually epitomized lasting wealth. A thought-provoking query surfaces: Why drain colossal resources to unearth gold, process it, and then sequester it in vaults globally, especially when its primary function is to buttress digital currency?”

This is what welcomes anyone who visits the Great Eagle Gold (CSE: GEGC) website as it invites everyone to “embark on an exploration into the realm of digital green gold.” As it explains it, the company describes the concept to encapsulate “both our planet’s conservation and the stabilization of the global financial framework.”

In a nutshell, the company claims that it found an “avant-garde approach… to counteract the environmental and societal implications of orthodox gold mining… a way to appraise and certify gold deposits with an ecological conscience.”

You can read more on the matter here.

What’s going on?

• ‘My Eyes!’: People’s Eyes Are Hurting After the Eclipse, Google Searches for Answers Surge (theDeepDive)

• Norfolk Southern Agrees to $600 Million Ohio Derailment Settlement (WSJ)

• Antara Capital, Backed by Blackstone, Halts Redemptions on Losses (theDeepDive)

• Deforestation in Brazil's Amazon down 40% in Q1 (Reuters)

• RBC Fires CFO Over Undisclosed ‘Personal Relationship’ With Colleague (theDeepDive)

• Tesla settles lawsuit on eve of trial in deadly automated-driving crash (CBC)

• Russia, Kazakhstan evacuate over 100,000 people amid worst flooding in decades (Reuters)

• El Salvador Is Giving Away ‘5,000 Free Passports,’ Bukele Says (theDeepDive)

• Simon Harris becomes youngest-ever Irish prime minister, pledges ‘reset’ (CNBC)

• Trudeau May Extend Amortization Period Limit — But Will It Make Housing More Affordable? (theDeepDive)

• BMO drops anti-coal policy amid Wall Street rebuke of ESG (BNN)

What’s the latest?

• Business Confidence: Small-business confidence in the U.S. declined to its lowest point in over 11 years this March, as worries over inflation intensified. The National Federation of Independent Business reported the Small Business Optimism Index fell to 88.5, marking 27 consecutive months below the 50-year average of 98.

• ESG Slowly Dying: BMO Bank revised its lending policy towards the coal industry in late 2023, removing previous restrictions that could have led to its being labeled as boycotting the fossil fuel sector by West Virginia. The change was revealed after the state announced updates to its boycott list, which did not include BMO, thanks to the bank's policy adjustments.

• Retail Cannabis Squeeze: A cannabis store chain in Ontario, Cannabis Xpress, has been fined $200,000 for allegedly violating provincial anti-inducement laws by asking cannabis producers for inducements in exchange for preferential treatment. The Alcohol and Gaming Commission of Ontario (AGCO) accused the chain of using a "data service" to indirectly request payments or a percentage of sales for favorable positioning of producers' products in its stores.

• Tesla’s Decline?: Tesla Inc. faces the possibility of another decline in vehicle sales this quarter, following a drop in the first three months of the year, according to analysts at Robert W. Baird. They predict the company might deliver 444,510 vehicles in the second quarter, marking a 4.6% decrease from the previous year, citing a challenging demand environment exacerbated by higher interest rates.

• Boeing Deliveries: Boeing's airplane deliveries in March dropped significantly to 29 from 64 a year ago due to heightened quality checks and regulatory audits, particularly on the 737 MAX model. In the first quarter of 2024, Boeing delivered a total of 83 airplanes, including 66 MAX jets, a decrease from 130 deliveries in the first quarter of 2023.

What's Driving Gold Prices?

The stock market and stuff

• Japan’s Metaplanet Surges 90% On Bitcoin Investment Copying MicroStrategy (theDeepDive)

• Microsoft to invest $2.9 bln to expand AI, cloud infra in Japan (Reuters)

• Avant-Garde Or Scam: A Company Wants To Tokenize Gold Resources In Junior Mining (theDeepDive)

• Google Shows AI Model Is Enterprise-Ready After Gemini Mishaps (Bloomberg)

• Is Franklin Templeton Getting Behind … Meme Coins? (theDeepDive)

In the juniors

• Lithium Chile Grows Resource Estimate By 24% At Salar de Arizaro (theDeepDive)

• Anfield Energy Submits Restart Plan For Uranium Mill In Utah (theDeepDive)

• Tilray Cuts Guidance As Losses Widen In Q3 (theDeepDive)

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