The US dollar (USD) index has weakened by 0.2% while the Canadian dollar (CAD or loonie) is little changed at $1.39 (71.9 cents US) early Thursday, said Bank of Montreal (BMO).
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Mining & Metals
Mainstreet Equity Renews NCIB
Mainstreet Equity (MEQ.TO) is renewing its normal course issuer bid (NCIB), the company said on Thursday.The company may buy back up to 471,066 shares, representing 10% of its public float, from June 8, for one year.Mainstreet bought back 42,000 shares under its previous normal course issuer bid, which began on June 3, 2025.Mainstreet shares closed down $0.90, to $162.26 on Wednesday on the Toronto Stock Exchange.
$MEQ.TO
Mining & Metals
Electra Battery Materials Awards Structural, Mechanical & Piping Contract
Electra Battery Materials Corporation (NASDAQ: ELBM; ELBM.V) announced Thursday the award of a structural, mechanical and piping (SMP) construction package valued at approximately C$12.4 million to Ontario-based Kilmarnock Enterprises as part of the ongoing construction activities at Electra's cobalt sulfate refinery complex north of Toronto.Shares in ELBM were down $0.09 or 8.9% at $0.92.
$ELBM.V
Mining & Metals
Tourmaline Oil Declares Quarterly Dividend And Announces Election of Directors
Tourmaline Oil's (TOU.TO) board declared a quarterly cash dividend on its common shares of $0.50 per share, payable on June 30, to shareholders of record at the close of business on June 15, it said overnight Wednesday.The latest dividend is unchanged from the prior quarter.Tourmaline also announced that ten individuals proposed by management were elected as its directors at its annual meeting of shareholders held on Wednesday.Shares of the company closed up 1.6% to $65.54 on Wednesday on the Toronto Stock Exchange.
$TOU.TO