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Mining & Metals
PyroGenesis Closed $2 Million Private Placement
PyroGenesis (PYR.TO), a player in ultra-high temperature processes and engineering innovation, and a plasma-based technology provider to heavy industry & defense, has completed its previously announced non-brokered private placement that was concurrent to a "bought deal" offering, it said Thursday.The "bought deal" closed previously on June 3, 2026, and combined, the concurrent private placement and the bought deal offering total approximately $6.2 million, the company added.The concurrent private placement was solely and entirely subscribed by P. Peter Pascali, the company's President and CEO, for 5,882,352 units at a price per Unit of $0.34, for gross proceeds to the company of $2 million, a statement noted.Each unit consists of one common share and also one common share purchase warrant of the company. Each warrant under the concurrent private placement entitles Pascali to purchase one common share of the company at a price of $0.42. Warrants to be issued to Pascali under the concurrent private placement expire 24 months from the closing date of the offering. All units acquired pursuant to the concurrent private placement will be subject to a hold period of four months pursuant to applicable Canadian securities laws, the statement also noted.The company said it intends to use the net proceeds from the offering and concurrent private placement for working capital and advancements of contracts and backlog.Shares in PYR edged down $0.005 to $0.225 in Canada yesterday.
$PYR.TO
Mining & Metals
Agnico Eagle Buys Prism Resources' Interest In Ontario Royalty
Agnico Eagle Mines (NYSE and TSX: AEM) has agreed to purchase Prism Resources Inc.'s right, title and interest in and to a 7.5% net profit interest royalty over certain properties in the Porcupine Mining District of Ontario owned by Agnico in exchange for $5 million in cash, the company said Thursday.The transaction is subject to a number of customary closing conditions, including approval by Prism's shareholders and receipt of acceptance of the TSX Venture Exchange. Subject to satisfaction of the closing conditions, the transaction is expected to close in the third quarter of 2026, AEM added.Agnico Eagle said it is not acquiring any common shares or other securities in the capital of Prism in connection with the transaction. Immediately before and after the execution and delivery of the Royalty Purchase Agreement, Agnico Eagle owned 5.75 million common shares, representing approximately 11.07% of the issued and outstanding common shares on a non-diluted basis.AEM added: "The transaction is expected to result in the sale or transfer of a material amount Prism's assets and may result in a material change in Prism's business. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional common shares or other securities of Prism or dispose of some or all of the common shares or other securities of Prism that it owns at such time."AEM was down $9.04 or 3.65% to $238.71 in Canada yesterday.
$AEM.TO$PRS-H.V
Mining & Metals
Western Copper and Gold Provides Update on Strategic Partnership With Tokyo-Listed Mitsubishi Materials
Western Copper and Gold (WRN.TO, WRN) Thursday said it is in talks with Tokyo-listed Mitsubishi Materials (5711.T) to extend the investor rights agreement between both parties, and "hope to be able to conclude said extension in the near term."The company said that there can be no assurance that the discussions will result in a definitive agreement, or as to the timing or terms of any such agreement."We look forward to concluding our constructive discussions in the near term and along the same lines as our existing relationship," said Western Copper and Gold chief executive Sandeep Singh.U.S.-listed shares of Western Copper and Gold were last seen up 1.7% at US$2.94 in pre-market trading.
$WRN.TO