IsoEnergy Confirms High-Grade Uranium Mineralization on Hurricane South Trend in Canada

IsoEnergy (ISO.TO) confirmed high-grade uranium mineralization on the Hurricane South trend at the Larocque East project in Canada's eastern Athabasca Basin, the company said Tuesday.

Assays include 4.21% triuranium octoxide (U3O8) over 3.5 meters, including 11.61% U3O8 over 1.0 m, from hole LE26-248.

"The LE26-248 intersection is important as it is located along the southernmost known fault strands within the Hurricane fault zone, where drill hole density is lower than on faults to the north that host the high-grade Hurricane uranium mineralization," Vice President of Exploration Dan Brisbin said.

Operations at the Larocque East project are not currently impacted by the ongoing flooding in Saskatchewan, the company said.

Price: $17.72, Change: $-0.37, Percent Change: -2.05%

Tartisan Nickel Down 43% as It Raises $600,000 After Closing the Second Tranche of a Flow-Through Financing

Tartisan Nickel (TN.CN) shares were last seen down 43% after the company on Tuesday said it closed the second tranche of a flow-through share financing that raised $600,000.The company said it sold an undisclosed number of the tax-advantaged shares priced at $0.32 apiece in the tranche.Proceeds will be used to incur eligible Canadian Exploration Expenses which will be renounced to subscribers, and will be directed toward continued exploration and development activities at its Kenbridge Nickel-Copper-Cobalt project, Sioux Narrows, Northwestern Ontario.Shares of the company were last seen down $0.12 to $0.15 on the Canadian Securities Exchange.Price: $0.15, Change: $-0.12, Percent Change: -43.40%

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TSX Down 170 Points at Midday With Info Tech, Miners, The Worst Performers

The Toronto Stock Exchange is down 160 points at midday with most sectors lower.The worst performers are info tech (-2.5%) and miners (-1.2%).Energy, up 1.7%, is the best performer. Oil prices rose for a third session early on Tuesday as a faltering ceasefire between the United States and Iran keeps the Strait of Hormuz closed, continuing the largest-ever energy supply shock.Gold moved lower early Tuesday, dropping for a second day as the dollar and yields rose after the U.S. reported inflation continued to surge last month on higher energy prices that followed the war on Iran.In stocks, Pet Valu (PET.TO) has fallen 14% to $17.05 after it reported a first-quarter earnings miss.

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CIBC Raises NFI Group's Price Target to C$27.00 From C$22.00

CIBC Capital Markets maintained its outperformer rating on the shares of NFI Group (NFI.TO) and raised its price target to C$27.00 from C$22.00 after the bus and coach manufacturer reported its first-quarter results on May 7.Q1 results were "a bit noisy, but underlying trends are encouraging," said CIBC."Most importantly, North American production is on track, the balance sheet is improving, and profitability is better than expected as NFI continues to convert its higher-margin backlog," said CIBC. "The U.K. market is a sore spot, and if underperformance cannot be addressed through restructuring, we expect that broader strategic options will eventually be considered."Lower-than-expected Q1 deliveries were primarily isolated to the U.K. business, which is less profitable, stated CIBC and added that lighter North America transit deliveries were due to seasonal slowness and production planning decisions that should support higher deliveries through the balance of 2026, with April performance noted as strong."Meanwhile, Q1 deliveries were higher Y/Y in MCI and ARBOC," CIBC added. "The company noted no new issues in the supply chain and continued progress on seating, which is largely normalized at this point."Absent unforeseen production issues, CIBC believes NFI is "well on track" to meet or exceed its 2026 EBITDA guidance. CIBC's 2026E revenue estimate moves 3% lower and EBITDA moves 2% higher as CIBC actualizes Q1 results and factor in stronger margins, said CIBC."We roll out our valuation year to include partial 2027 and raise our EBITDA multiple by half a turn to 8x reflecting strong execution, bringing our price target to $27 from $22 (NFI currently trades at 7.4x 2026E vs. its historical range of ~6x - 10x)," said CIBC. "We stay Outperformer-rated."Price: $20.17, Change: $-0.35, Percent Change: -1.71%

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