FINWIRES · TerminalLIVE
FINWIRES

Martinrea International Maintains Its 2026 Outlook

By

Martinrea International (MRE.TO) on Thursday said it is maintaining its full-year 2026 outlook following the amendment of Section 232 tariffs on Steel, Aluminum and Copper imports into the United States, which came into effect on April 6.

The company said it expects no impact to its business as a result of the Section 232 tariff amendments, as auto parts are covered under a separate agreement, and its parts, which are USMCA-compliant, remain exempt from tariffs.

"The company is subject to tariffs on certain imports of raw material inputs (i.e., steel and aluminum derivative products) that may be impacted by the recent amendments," added the company. "However, any adverse impact is expected to be modest, and absorbed by its customers, or otherwise mitigated."

The company's shares were last seen up $0.23 to $9.18 on the Toronto Stock Exchange.

Price: $9.18, Change: $+0.23, Percent Change: +2.57%

Related Articles

Mining & Metals

Emerita Resources Granted Nuevo Tintillo Permit, Appoints David Patterson To Board

Emerita Resources (EMO.V) after the close Wednesday said it was been granted a renewal permit, or investigation permit, for the Nuevo Tintillo property that consists of 227 mining claims comprising 6,874.2 hectares in the Iberian Pyrite Belt in Spain's Seville Province.The company said the investigation permit is granted for a period of three years and may be renewed for additional terms prior to the expiry of each three-year period subject to satisfying the requisite regulatory conditions for an extension.Emerita said it plans a systematic exploration program that is expected to include detailed geophysical ground surveys, and geological mapping to refine the targets for a future diamond drill program.Additionally, Emerita announced that, effective immediately, David Patterson has been appointed as an independent director to the board of directors. Patterson is a seasoned mining and capital markets executive with over 30 years of experience in the financing, administration, and advancement of publicly listed mineral exploration and development companies across North America, the company said.He replaced Michael Jones who has resigned from the board.Company's shares closed up $0.02 at $0.35 on the TSX Venture Exchange on Wednesday.

$EMO.V
Mining & Metals

Patriot Battery Metals Begins Strategic Caesium Study With Koch Technology Solutions in Quebec

Patriot Battery Metals (PMET.TO) after trade Wednesday said it is starting a strategic testwork program with Koch Technology Solutions (KTS), a division of Koch Inc.The company said the program will evaluate advanced processing methods to produce caesium chemicals from pollucite concentrates at its Shaakichiuwaanaan Project in Quebec's James Bay region.The testwork is expected to run for about the next four months and will use KTS's expertise in developing and commercializing extraction technologies for critical minerals to produce value-added caesium chemical products, the company added."Through this program, PMET furthers its exposure to the significance of critical minerals in the key U.S. market, providing us with an opportunity to capture substantially greater value from this rare and strategically important discovery by working alongside a US industry participant," Chief Executive Ken Brinsden said.The company's shares closed up $0.22 to $5.46 on the Toronto Stock Exchange.

$PMET.TO
Mining & Metals

HIVE Falls After Hours As Unit Plans US$75 Million 0% Exchangeable Notes Offering

HIVE Digital Technologies (HIVE.V, HIVE) was last seen down 9.3% in after-hours Nasdaq trade after the company on Wednesday said its HIVE Bermuda 2026 subsidiary intends to offer US$75 million of 0% exchangeable senior notes due 2031 in a private placement to qualified institutional buyers.The company said the initial purchasers will have an option, exercisable within 13 days from issuance, to purchase up to an additional US$15 million aggregate principal amount of notes.Net proceeds will be used to subscribe for shares of one or more of HIVE's direct or indirect subsidiaries, which will in turn use the funds for general corporate purposes, capital investment and data center development.The company's shares dropped US$0.23 at last look to US$2.24 after hours. They closed up $0.07 at $3.40 on the TSX Venture Exchange.

$HIVE$HIVE.V