BriaCell Says Received Positive Recommendation from Data Safety Monitoring Board for Phase 3 Study in Metastatic Breast Cancer

Americas Gold and Silver Settles Fixed Gold Delivery Obligation With Royal Gold Affiliate

Americas Gold and Silver (USA.TO), up 3% in U.S. pre-market trading, has settled a fixed gold delivery obligation with Royal Gold affiliate International Royalty Corporation, the company said on Tuesday.Americas was obligated to deliver 8,861 ounces of gold to IRC between June 2026 and December 2027 under an April 2019 agreement, which had been entered into with Sandstorm Gold before it was acquired by IRC in October last year, a statement said.The company's obligation to deliver the gold will now be settled for immediate delivery of 5,000 ounces of gold and 2.65 million shares at a deemed price of US$5.86 each. The purchase and delivery of the 5,000 ounces of gold is being funded with the unwinding of the in-the-money gold price protection instruments in relation to this liability (of US$7 million) and cash on hand, the company said.The settlement of the fixed gold delivery obligation also removes over $40 million in variable future debt obligations which fluctuate with the price of gold, Americas said.Americas last week announced the termination of the silver delivery obligation to Sprott (SII.TO) as it works to strengthen its balance sheet and overall business."By removing this gold price linked obligation, as well as the previously announced agreement to terminate the Sprott Silver Deliver Agreement, we have now eliminated over US$85 million in variable future debt obligations at a very compelling equity valuation. We expect the removal of these legacy liabilities to have a significantly positive impact by further increasing silver price leverage for our shareholders and simplifying the silver price relationship to our bottom line. At current spot prices, this also represents another significant reduction of future cash debt service costs, allowing us to reinvest in operations for the benefit of our shareholders," chief executive and board chair Paul Huet said.Americas shares were last seen up US$0.17, to US$5.97, in New York trading.

Earnings Flash (TRBE.V) Tribe Property Technologies Reports Q1 Revenue $8.2M Vs $8M; Net Loss $0.85M Vs Net Loss $0.61M

Southern Energy Q1 Net Loss Narrows; Enters Williamsburg Joint Venture Agreement

Southern Energy (SOU.V, SOUC.L) reported a narrowed net loss in the first quarter and executed a Joint Venture Wellbore Participation Agreement in the Williamsburg area with a strategic partner to evaluate the Cotton Valley oil prospect, it said on Tuesday.For the three months ended March 31, the company reported net loss of US$1.3 million or breakeven per share, compared with $3.9 million or $0.02 loss per share, a year earlier.Petroleum and natural gas sales increased to $5.5 million during Q1 compared with $5.1 million, a year-ago.The company expects development activity to increase during the remainder of 2026, including plans to complete the final City Bank DUC at Gwinville, "further enhancing its production profile and operational flexibility." With the Joint Venture Wellbore Participation Agreement, Southern intends the partnership to reduce its capital exposure on the first two wells and to test this "significant resource opportunity at multiple locations."The company has secured a drilling rig for the operation and is expecting to spud the first commitment well in late July. Its board has also approved the capital spending of 50% of the gross drill and completion costs of $3.9 million for the first commitment well.Shares of the company closed down 6.3% to $0.075 on Monday on the TSX Venture Exchange.