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Mining & Metals
Redwood AI Collaborates with Resilience Biosciences For AI-Assisted Small-Molecule Drug Development
Redwood AI (AIRX.CN) is collaborating with Resilience Biosciences to help develop AI-assisted computational chemistry workflows for small-molecule drug development, the company said over the weekend.Resilience will use Redwood's AI platform to explore new drug-like molecules more efficiently, to identify "useful" chemical designs, a statement said."Small-molecule development requires a careful balance of creativity, scientific rigour, synthetic feasibility, and intellectual property awareness. Our goal is to give research teams better tools to explore chemical possibilities in a structured, secure, and scalable way," said Redwood chief executive Louis Dron."This collaboration demonstrates how AI can be applied to practical, IP-aware chemistry workflows that support a more efficient path from early molecular ideas to development-ready opportunities," he added.
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Mining & Metals
George Weston Renews NCIB
George Weston (WN.TO) is renewing its normal course issuer bid (NCIB), and may buy back up to 18.8 million shares, the company said on Monday.The NCIB will run from May 27 for one year.Under its prior share buyback, which terminates on May 26, George Weston bought back 11.4 million shares at a weighted average price of $92.95.George Weston shares closed down $0.37, to $96.46 on Friday, on the Toronto Stock Exchange.
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Mining & Metals
Dye & Durham Makes Changes Its Board, Again; Names Interim CFO
Dye & Durham (DND.TO), a provider of cloud-based legal-practice-management software, on Monday named a new interim chair and added a company co-founder to its board, while also naming a new interim chief financial officer.Mary Filippelli has been appointed chair of the board until the next annual meeting, said the company, adding Eddie Smith has resigned from the board to facilitate Filippelli's appointment."Ms. Filippelli is an accomplished corporate director and former senior executive with extensive experience in governance, financial services, risk management and strategic transformation," said the company. She currently serves as a director of Sylogist (SYZ.TO) and previously served as an independent director of Canadian Western Bank, Fidelity Investments Canada and Ontario Power Generation, noted the company. She was formerly vice chair and managing partner at Deloitte Canada and held senior leadership roles with Lloyds Banking Group in the United Kingdom and KPMG Canada, it added.Additionally, Tyler Proud, co-founder of Dye & Durham and chief executive officer of OneMove Capital Ltd has joined the board as OneMove's nominee, replacing Wendy Cheah, who has stepped down, DND said. In connection with Proud's appointment, Proud and OneMove have agreed to extend certain voting commitments, the company noted, adding that Proud and OneMove have also agreed to extend the standstill period under the OneMove Settlement Agreement to 60 days before the 2027 AGM.DND said Sandra Bell's tenure as interim chief financial officer has concluded, effective immediately, and the board has appointed Steve Waszak as the new interim chief financial officer while the company's search for a permanent one remains ongoing.The company added its previously announced strategic sales process remains ongoing and there are no further updates at this time. "Mr. Proud and OneMove are in full support of the process and will consider the Strategic Committee's recommendation upon its delivery to the Board," added the company.Last July, DND initiated a strategic review that could include a sale of assets. Related to that review, DND entered into a co-operation agreement with Plantro, a large shareholder that had been driving for such a sale. Plantro demanded immediate action from DND to address the nearly $1 billion in lost shareholder value after DND's share price had fallen by around 60% in around six months.Last October, The Canadian Press then reported, another co-founder and former chief executive of DND, Ronnie Wahl, sought to nominate a new board of directors as part of a plan that would see it put up for sale. The reported noted activist investor Engine Capital had successfully pushed for a shakeup at DNN in 2024 and Engine Capital's slate of nominees was appointed after the previous board resigned together ahead of a shareholder vote. Wahi said he has made repeated attempts to constructively engage with the new board, but they have been fruitless, the report also noted.Back in February 2025 DND said it had received an unsolicited offer to buy it.
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