Element 29 Resources (ECU.V) intends to complete a C$12 million non-brokered private placement, it said in a statement on Friday.
The offering will consist of the issuance of up to 7.3-million common shares at C$1.65 apiece. Proceeds will be used to fund exploration activities across its portfolio of copper projects in Peru, it said.
Shares of the company closed up 0.6% to C$1.69 on Thursday on the TSX Venture Exchange.
Power of Canada (POW.TO) after trade Thursday reported second-quarter adjusted earnings of C$1.55 per participating share, up from C$1.38 per participating share a year ago.Analysts polled by FactSet expected C$1.55.Revenue figures were unavailable.Great-West Lifeco (GWO.TO) reported adjusted net earnings of C$871 million, and IGM Financial (IGM.TO) posted adjusted net earnings of C$211 million.The company said its board declared a quarterly dividend of 66.75 cents per share on the participating preferred shares and the subordinate voting shares, payable Oct. 30 to shareholders of record Sept. 29.
ARC Resources (ARX.TO) after the market close on Thursday reported second-quarter net income of C$0.62 per share, or C$352.7 million, down from C$0.68, or C$396.1 million, in the prior year period. It missed FactSet estimates of C$0.71 per share.ARC generated funds from operations of C$816.3 million, or C$1.44 per share, compared to C$682.1 million, or C$1.17, in the same period last year. ARC also declared dividends of C$119 million (C$0.21 per share).The company said it delivered second quarter 2026 average production of 390,465 barrels of oil equivalent per day (61 per cent natural gas and 39 per cent crude oil and liquids).The company's shares closed up C$0.44 to C$32.98 on the Toronto stock Exchange.