FINWIRES · TerminalLIVE
FINWIRES

Laurentian Bank Receives Regulatory Approval to Sell Retail, SME Banking Businesses

By

Laurentian Bank of Canada (LB.TO) said Monday that regulators have approved Fairstone Bank of Canada's planned acquisition of the bank and National Bank of Canada's (NA.TO) acquisition of Laurentian Bank's retail and small- and medium-sized enterprise banking portfolios.

The parties expect to close the transaction on Nov. 1. It is expected that Laurentian's retail and SME products and services will be migrated to National Bank by late 2026, a statement said.

Laurentian Bank shares were last seen up C$0.28, to C$40.60, on the Toronto Stock Exchange.

Price: $40.60, Change: $+0.28, Percent Change: +0.69%

What else is happening in Mining & Metals?

Mining & Metals

Tree Island Steel Says Chief Operating Officer Nancy Davies to Retire on Oct. 1. Chief Financial Officer Brian Liu to Replace Davies in The Role But Will Also Continue As CFO Until A Repl

$TSL.TO
Mining & Metals

B2Gold Reports Fatality at Philippines Gold Mine

B2Gold (BTO.TO) after trade Friday reported a fatality at its Masbate Gold Project in the Philippines.The employee was performing scheduled maintenance at the water treatment plant when a pipe burst, causing a fatal injury, the company said.The company said it has stopped work in the affected area and launched an investigation into the incident."Mining and processing activities continue uninterrupted. The company will provide additional information when appropriate," it added.

$BTO.TO
Mining & Metals

Energy Fuels Completes Australian Strategic Materials Deal to Expand Rare Earth Platform

Energy Fuels (EFR.TO) after trade Friday said it completed its acquisition of Australian Strategic Materials (ASM)."The acquisition of ASM marks a major milestone in Energy Fuels' long-term growth strategy to build an integrated mine-to-magnet rare earth platform," the company said.The deal adds ASM's operating Korean Metals Plant, giving Energy Fuels immediate metal and alloy production capacity. The plant currently produces 1,300 tonnes per year of neodymium-iron-boron alloy and is being expanded to 3,600 tonnes per year, with completion expected by the end of 2026, the company said.Along with Energy Fuels' heavy mineral sands projects in Brazil, Australia, and Madagascar, the ASM deal strengthens the company's position across mining, processing, oxides, metals, and alloys "creating a robust platform for its planned entry into permanent magnet production", it added.Following the transaction, ASM shares were delisted from the ASX, according to the statement.

$EFR.TO