Kane Biotech (KNE.V) on Tuesday said it closed an over-subscribed private placement of share units that raised $1.16 million.
The company placed 23.2-million units priced at at $0.05 apiece and made up of a share and an 18-month warrant to buy a share for $0.06.
Proceeds of the offering will be used for working capital and general corporate needs.
Shares of the company were last seen down $0.005 to $0.03 on the TSX Venture Exchange.
Price: $0.03, Change: $-0.01, Percent Change: -14.29%
Imperial Metals (III.TO) after trade Monday said the Toronto Stock Exchange has approved a normal course issuer bid allowing the company to repurchase up to 890,855 common shares, or about 0.5% of its outstanding shares, between May 28, 2026, and May 27, 2027.The company added that the shares will be purchased through the TSX or other Canadian trading systems at prevailing market prices, subject to daily purchase limits under TSX rules."The common shares acquired under the bid will be used to satisfy the company's obligations under its Non-Management Directors' Plan and Amended and Restated Share Purchase Plan. The funding for any purchase pursuant to the bid will be financed out of the working capital of the company," Imperial Metals said.Over the past 12 months, Imperial repurchased 166,500 shares at $6.08 per share under its previous buyback program. The earlier bid allowed the company to repurchase up to 814,089 shares, according to the statement.
Minera Alamos (MAI.V) after trade Monday said it had swung to a first-quarter profit on record revenue while the company said its strategy is to become a leading, U.S. focused intermediate gold producer by growing production at its Pan Operating Complex.The company earned near US$10.9 million, or $0.10 per share, compared with a loss of near $23 million, or $0.043 per share, a year ago. FactSet expected earnings of US$0.11 per share.Revenue jumped to a record US$39.2 million from US$2.4 million a year ago. The corresponding FactSet figure was not available.Among other highlights, MAI cited record earnings from mine operations of $19.5 million, and record EBITDA of $15.3 million.The company ended Q1 2026 with cash and cash equivalents of $45.5 million and working capital of $88.9 million. It had total cash costs of $1,659/oz gold sold and all-in sustaining costs of $1,818/oz gold sold at the Pan mine, both below the lower end of respective annual cost guidance ranges of $1,750-1,900/oz and $1,850-2,000/oz, for 2026.Gold production for the quarter stood at 8,734 ounces, with gold sales of 9,134 ounces at a record average realized price of US$4,287 per ounce. "The average realized gold price in Q1 was impacted by settling 1,500 ounces of the company's outstanding call options with Auramet at a price of US$2,113 per ounce," Minera Alamos said.For 2026, the company expects the Pan mine to produce between 32,000 and 38,000 ounces of gold, targeting total cash costs of US$1,750 to US$1,900 per ounce and all-in sustaining costs of US$1,850 to US$2,000 per ounce. The company also plans to graduate from the TSX Venture Exchange to the Toronto Stock Exchange in Q2."Looking forward this week, we plan to close the revolving credit facility with Scotiabank and National Bank, eliminate our forward and pre-pay gold ounces, and release the results of a pre-feasibility study on the Copperstone project," Chief Executive Darren Blasutti added.