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KKR, Apollo to Invest C$2.7 Billion in Enbridge's Westcoast Pipeline System

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Enbridge (ENB.TO) entered a definitive agreement with KKR to form a new joint venture that will invest C$2.7 billion to fund the Aspen Point and Sunrise expansion programs, which are part of the Westcoast natural gas pipeline system in British Columbia.

Under the terms, KKR and Apollo will make the investments, including C$700 million to Enbridge for an indirect, cumulative 29% interest in the Westcoast system, Enbridge said Thursday.

Enbridge said the transaction will allow the company to recycle capital, strengthen balance sheet, and maintain financial flexibility while advancing growth opportunities.

The company expects the Aspen Point expansion program to enter service in 2026, followed by the Sunrise expansion program in late 2028.

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Mining & Metals

EQB Q3 Adjusted Earnings Rise but Miss FactSet Estimates; Revenue Jumps 27%

EQB (EQB.TO) after market close on Wednesday reported fiscal third-quarter adjustedearnings per share of C$2.12, up 2% on year-over-year basis, but missing the FactSet consensus estimate of C$2.21.Adjusted revenue in the quarter ended on July 31 surged 27% annually to C$393.0 million, exceeding the FactSet consensus of C$370.2 million.The bank holding company raised its provision for credit losses to C$302.98 million from C$33.97 million.EQB also declared a dividend of $0.63 per common share payable on Sept. 29 to shareholders of record as of Sept. 15, representing 3% and 15% increases from the dividends paid in June 2026 and Sept. 2025, respectively.Its shares closed up C$3.27 to C$137.87 on Toronto stock Exchange on Wednesday.

$EQB.TO
Mining & Metals

Quarterhill to Raise $35 Million in Private Placement of Shares

Quarterhill (QTRH.TO) plans to raise $35 million in a private placement of shares, the company said after trade on Wednesday.Quarterhill will issue 14.1 million shares at $2.48 each. The underwriters have also been granted a 15% over-allotment option, which will increase proceeds by approximately $5.3 million if exercised in full.The offering is expected to close by Sept. 16.Proceeds will be used for general working purposes.Quarterhill shares closed down C$0.04 at C$2.71 on the Toronto Stock Exchange.

$QTRH.TO
Mining & Metals

Earnings Flash (EQB.TO) EQB Inc. Reports Q3 Revenue C$391.3M

$EQB.TO