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Mining & Metals
Firm Capital Apartment REIT Proposing to Change Name to Northvest Financial Trust
Firm Capital Apartment REIT (FCA-UN.V) said Thursday after trade that it intends to change its name to Northvest Financial Trust, to more accurately reflects its current business model.The name change is subject to TSX Venture Exchange approval, the REIT said.Firm Capital said second-quarter adjusted funds from operations was $7,683, compared with $300,732 in the prior year period.
$FCA-UN.V
Mining & Metals
Cematrix Adds C$8.2 Million in New Contracts
Cematrix (CEMX.TO) after trade Thursday said it has won C$8.2 million in new contract awards for its cellular concrete solutions.The projects include tunnel grouting, lightweight fill for a seawall and tank base, and pipeline grouting. Work is expected to be completed in 2026 and 2027, the company said.The new contracts bring the company's year-to-date contract awards to C$34.4 million, according to the statement."We continue to see strong bidding activity and a robust sales pipeline well into the future," the company added.
$CEMX.TO
Mining & Metals
Irruptive Metals to Raise C$30 Million in Private Placement of Units
Irruptive Metals (IRR.V) said Thursday after trade that it is raising C$30 million in a private placement of units.The company will issue 24 million units at C$1.25 apiece. Each unit will consist of one share and one 24-month warrant to buy a share at C$1.65. The underwriters have been granted an option to purchase up to an additional 3.6 million units, which, if fully exercised, would raise C$4.5 million.The offering is expected to close on Sept. 10. Proceeds will be used to develop Irruptive's Pimenton Project in Chile.Irruptive Metals shares closed up C$0.15, to C$1.40, on the Toronto Stock Exchange.
$IRR.V