METRO Says Eric La Fleche Will Retire as President and Chief Executive Officer at End of 2026 Fiscal Year

Soma Gold To Settle $25.8 Million of Debt Through Issuance of Common Shares

Soma Gold (SOMA.V) agreed to settle $25.78 million of debt through the issuance of its common shares, the company said on Tuesday.Pursuant to the debt settlement, the company will issue 23.44-million shares at $1.10 apiece to Conex Services, a company owned and controlled by Glenn Walsh, a director of Soma Gold. The debt was originally incurred in connection with a previous debt restructuring, it said."Conex determined that management's plan to increase production through the development of new mines on the property and the installation of mineral sorting equipment, which is expected to drive a ramp-up in gold production in 2027 and 2028, makes the current valuation attractive," said Soma Gold Chief Executive Geoff Hampson. "This transaction increases Conex's shareholding in Soma to 51.36% from 41.74% pre-conversion, eliminates 100% of the Conex debt, and dramatically strengthens our balance sheet."Following completion of the debt settlement, Glenn Walsh indirectly owns and exercises control over 72.9-million shares, about 51.4% of the issued and outstanding shares on a non-diluted basis or 55.3% on a partially diluted basis assuming conversion of all convertible securities, it said.Shares of the company closed down 1.1% to $0.94 on Monday on the TSX Venture Exchange.

MDA Space Up 2.8% In US Premarket As Says Selected by BAE Systems For Constellation program

MDA Space (MDA.TO and NYSE: MDA), a provider of advanced technology and services to the rapidly expanding global space industry, has been selected by BAE Systems, Inc. (NYSE: BAESY) as part of the U.S. Space Systems Command (SSC) MEO EPOCH 2 Constellation program, it said Tuesday.A key component of the U.S. multi-orbit missile defence architecture, Epoch 2 is focused on warning and tracking of advanced ballistic and hypersonic weapons, MDA noted. MDA Space will design and build antennas and antenna control electronics for the MEO Resilient Missile Warning & Tracking (RMWT) satellites to be produced by BAE Systems.This award is a continuation of previous work by MDA Space on the Space Development Agency's low Earth orbit Proliferated Warfighter Space Architecture Tranche 0, 1 and 2 Transport and Tracking layers, and the SSC's EPOCH 1 constellation, for multiple prime contractors, MDA said."Being tapped by BAE Systems for the SSC's missile warning satellite constellation affirms our capabilities in delivering reliable satellite solutions for critical defence missions," said Mike Greenley, CEO of MDA Space. "As governments worldwide boost their national security spending and invest in the space domain, our robust product portfolio, expertise and advanced high-volume production infrastructure set MDA Space apart to meet the growing demand and keep our partners safe today and into the future."The contract was added to MDA Space's backlog in the first quarter of fiscal 2026, and the work is expected to be completed in 2027, Tuesday's statement added.MDA was down $2.90 or 4.7% at $58.58 in Canada yesterday.

MDA Space Says Selected by BAE Systems, Inc. As Part of the U.S. Space Systems Command (SSC) MEO EPOCH 2 Constellation program