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Mining & Metals
AGT Food and Ingredients Announces Normal Course Issuer Bid
AGT Food and Ingredients (AGTF.TO) announced Wednesday acceptance by the Toronto Stock Exchange of AGT's notice of intention to make a normal course issuer bid.The NCIB will allow the company to purchase for cancellation up to around 3.38 million common shares in the capital of the company, representing approximately 5% of AGT's issued and outstanding common shares, said the company.Purchases under the NCIB may begin on June 5, 2026, and continue until June 4, 2027, or such earlier date as AGT completes its purchases pursuant to the NCIB, added the company.
$AGTF.TO
Mining & Metals
PMET Resources Says Received Letter Of Interest From Societe Generale For Shaakichiuwaanaan Project Financing
PMET RESOURCES INC. (PMET.TO) has received a non-binding Letter of Interest from Societe Generale, an international corporate and investment bank, in relation to potential project financing for the Phase 1 development of the company's 100%-owned Shaakichiuwaanaan Project, located in the Eeyou Istchee James Bay region of Quebec, Canada, it said Wednesday.Under the LOI, SG has expressed interest in participating as a Mandated Lead Arranger for potential debt financing package, Wednesday's statement noted.The LOI represents another important step in advancing PMET's long-term financing strategy and aligns with PMET's objective to assemble a high-quality syndicate of internationally recognized mining project finance lenders and Export Credit Agencies, the company said. This builds on the recently announced support and engagement from EDC, KfW IPEX-Bank and an additional major Canadian financial institution, it added.The LOI is intended to facilitate lender due diligence, including technical, environmental and commercial reviews, as PMET advances toward completion of its updated Feasibility Study targeted for calendar Q4 2026, the statement said.Natacha Garoute, CFO, added: "Societe Generale brings extensive global mining project finance expertise, including meaningful experience financing Quebec-based mining assets. Their interest further reinforces the quality, scale and strategic importance of the Shaakichiuwaanaan Project. We look forward to working closely with the SG team as we progress lender due diligence and continue building a robust financing syndicate to support the development of Phase 1."Shares in PMET were down $0.06 or 0.8% to $7.28 in Canada yesterday.
$PMET.TO
Mining & Metals
Blossom Gold Receives BLM Approval Regarding Notice of Intent to Initiate Exploration Drilling on Kamma Claims West of Rosebud Project
Blossom Gold (BGAU.TO) received approval from the U.S. Bureau of Land Management (BLM) for its previously announced Notice of Intent (NOI) for exploration activities on its Kamma Claims west of the Rosebud Project in Pershing County, Nevada, it said on Wednesday.The company is in the process of securing a reverse circulation (RC) rig and continues to expect drilling to start no later than the third quarter of 2026. It will also continue to map and refine the structural understanding of the area."With the NOI now approved, Blossom can proceed with the planned reverse circulation ("RC") drilling, beginning with eight drill site locations," the company said in a statement.Shares of the company closed down 0.8% to $2.39 on Tuesday on the Toronto Stock Exchange.
$BGAU.TO