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Mining & Metals
Stallion Uranium Recommences Drilling at Moonlite Project
Stallion Uranium (STUD.V) recommenced drilling operations at its Moonlite project in the Athabasca Basin, northern Saskatchewan, it said Tuesday.The company has completed about 1,900 metres of the planned 4,000-metre Phase 1 diamond drill program, and every drill hole completed so far has intersected "significant" alteration and structure."The consistent intersection of significant alteration and structural features in every hole drilled is highly encouraging for uranium exploration in the Athabasca Basin," said Stallion Uranium Vice President Exploration Darren Slugoski.Drilling continues to test priority areas within the interpreted conductive corridor, with emphasis on zones of structural complexity and alteration favourable for uranium mineralization.The company also reported that the two contractors injured in the isolated April 1, 2026, incident remain in stable condition and are receiving additional treatment.Shares of the company were last seen up 1.4% at $0.36 on the TSX Venture Exchange.Price: $0.36, Change: $+0.01, Percent Change: +1.41%
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International
India's Industrial Production Shows Moderate Growth of 4.1% in March
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International
Dallas Fed Services Index Rises in April, Still Indicates Contraction
The Dallas Federal Reserve's monthly general business services index rose to a reading of minus 9.9 in April from minus 13.3 in March, still indicating contraction.There were increases in the readings for revenue, input prices and selling prices, but decreases in the readings for employment and wages.This is the final regional services reading for the month, with mixed readings in the other measures.