Martinrea International (MRE.TO) is renewing its normal course issuer bid (NCIB), the company said on Monday.
Martinrea may buy back up to 6.87 million shares from May 27, for one year.
Under its previous NCIB, which expires on May 26, Martinrea bought back 2.3 million shares at a weighted average price of $10.03, a statement noted.
Martinrea shares closed up $0.46, to $10.88, on Friday, on the Toronto Stock Exchange.
Condor Energies (CDR.TO) has achieved a new daily production record at its operations in Uzbekistan, the company said Monday.Condor's average daily production hit 15,283 barrels of oil equivalent per day over the past 72 hours due to the production start of the recently drilled Kumli-47 horizontal well.It took only 40 days from the start of drilling Kumli-47 to commencing production, Condor said."With another horizontal well success at K-47, our 2026 year-to-date production has now increased by 41% despite a 20% natural decline rate of the legacy fields," President and Chief Executive Officer Don Streu said."The K-47 well result clearly demonstrates that this high-quality reservoir is capable of exceptional, repeatable production rates that can be quickly monetized to yield well payouts in under one year," Streu added.
A.I.S. Resources (AIS.V) completed its high-resolution airborne geophysical survey over the Pocologan Project, said the company on Monday.The airborne survey was completed by Geo Data Solutions GDS Inc, said the company and added that the survey was designed to provide high-resolution magnetic and VLF-EM data to assist in mapping bedrock structures, lithological contacts, magnetic trends, and potential conductive features that may be relevant to future exploration targeting."The survey completion represents a key milestone in A.I.S.' exploration strategy for the Pocologan Project," said the company.The survey covered approximately 579 line-kilometres, consisting of approximately 500 line-kilometres of traverse lines and 79 line-kilometres of tie lines.
Orecap Invest (OCI.V) exercised all of its outstanding common share purchase warrants of Awale Resources (ARIC.V), at $0.20 apiece, bringing its total position to 10.6-million common shares, it said on Monday.The company exercised all 4.2-million of its Awale warrants at $0.20 per share. Awale published an initial Mineral Resource Estimate (MRE) on May 19, for the Odienne project in Cote d'Ivoire, 32.4 million tonnes grading 1.64 grams per tonne gold equivalent for a total inferred resource of 1.7 million ounces gold equivalent, it said.Orecap's original investment was made at $0.12 per unit in a private placement."The exercise price of $0.20 reflects a meaningful premium to cost, and Orecap believes the intrinsic value of its Awale position has grown substantially and will continue to do so as Awale advances toward a PEA," said the company in a statement.Shares of Orecap closed unchanged at $0.13 on Friday on the TSX Venture Exchange.