FINWIRES · TerminalLIVE
FINWIRES

Purecore Metals Starts Its Field Program at the Bankier Property; Shares up 18%

By

Purecore Metals (PURE.CN) said Thursday said fieldwork for the company's 2026 exploration program at the Bankier Property is underway.

The company said Bankier is an early-stage exploration project characterized by prospective alteration signatures and multi-element Mobile Metal Ion (MMI) anomalies in copper, molybdenum, gold, zinc, silver, lead, and uranium.

The 2026 program will include systematic prospecting and geological traverses to build a robust point-station database to support mapping efforts, a comprehensive geological mapping program focused on lithology, alteration, mineralization, and structural controls on metal endowment and infill soil sampling to complement the 2022-2023 MMI database,, the company said.

"We are excited to initiate our 2026 exploration program at Bankier," said chief executive Peter Berdusco. "The project aligns well with our strategy of advancing critical minerals opportunities tied to long-term demand across energy, technology, and defense. The work being completed by HEG & Associates is designed to improve our understanding of the property's geology, mineralization controls, and priority target areas to guide follow-up exploration."

Shares of the company were last seen up $0.16 to $1.05 on the Canadian Securities Exchange.

Price: $1.05, Change: $+0.16, Percent Change: +17.98%

Related Articles

Mining & Metals

TSX up 100 Points at Midday With Miners, Info Tech, The Best Performers

The Toronto Stock Exchange is up 100 points midday with most sectors higher.The best performers are miners (+2%) and info tech (+1.7%). Financials and utilities are down 0.9% and 0.4%, respectively.In stocks, Morningstar Canada published a note entitled 'Energy Sector Outlook: Oil Stocks Have Growing Dividends and Room to Run' in which it said supportive economics and increased oil production will keep fueling the energy-sector revival, analysts say. The Morningstar Canada Energy Target Market Exposure Index has risen 32.1% in the year to date, outpacing the 9.8% gain for the Morningstar Canada Index.Higher oil prices will continue to drive revenue for energy companies in the short term, Morningstar said. Supportive government policies and a favorable trade deal could pave the way for the sector's long-term growth.In other news, Canada's financial system has functioned well through a challenging year as households and businesses remain in stable financial condition, and banks have strengthened their capacity to absorb shocks, said Bank of Canada on Thursday. However, vulnerabilities have increased in some parts of the system, the central bank noted in its annual Financial Stability Report (FSR). Stock and corporate debt valuations have risen and are high relative to historical norms. This makes markets more vulnerable to a sharp correction, the BoC added.The issuance of global sovereign debt is also rising, and hedge funds are playing a bigger role in buying that debt, often using borrowed money, BoC said. In normal times, hedge fund activity helps keep markets running smoothly. But if conditions become strained, this activity could amplify stress and disrupt core funding markets, the central bank added. Individually, these and other vulnerabilities look "manageable", but the economic and geopolitical environment has become more volatile. This has made it more likely that a new shock or a combination of shocks could cause several vulnerabilities to crystallize at once. If this were to happen, these vulnerabilities could interact and reinforce each other, the BoC added.A "cascading" series of events could cause a sharp loss of investor confidence and lead to a spike in demand for liquidity or rapid asset sales, the BoC continued, adding that funding markets could come under pressure, and stress could spread more broadly.The FSR is an assessment of how existing vulnerabilities, or pockets of stress, could amplify shocks and ultimately spread across the financial system, the BoC said. New risks, particularly from artificial intelligence (AI) are emerging. While AI is expected to boost productivity and economic growth over time, it's sparking concerns about disruption in some sectors and about overinvestment. AI may also increase the speed, scale and sophistication of cyber attacks, it added.

$^GSPTSE$.GSPTSE
Mining & Metals

Southern Silver Exploration Cuts the Share Price for a Private Placement; Maintains C$4.0-Million Target

Southern Silver Exploration (SSV.V) on Thursday cut the price of its shares in offered in a private placement to $0.55 from $0.60, while boosting the number of shares offered to maintain the financing's $4.0 million target.The company said it will now offer up to 7.3-million shares at $0.55, up from its original goal of placing 6.7-million shares priced at $0.60.Proceeds of the offering will be used for the advancement of the Cerro Las Minitas project as well as for working capital and general corporate needs.Advancement of Cerro Las Minitas includes infill drilling of up to 12,500m in Phase 1, and other work will include an update of the mineral resource estimate based on the most recent drilling at Puro Corazon, scheduled for Q2 2026 and the advancement of several engineering opportunities identified in the 2024 preliminary economic assessment of the project.Shares of the company were last seen up $0.01 to $0.56 on the TSX Venture Exchange.Price: $0.56, Change: $+0.01, Percent Change: +1.82%

$SSV.V
Mining & Metals

CIBC Confirms Outperformer Rating and Target of $47.00 on Saputo Ahead of Q4 Results

CIBC Capital Markets maintained its outperformer rating on the shares of Saputo (SAP.TO) and its C$47.00 price target ahead of the dairy-product company reporting its fiscal fourth-quarter financial results.The bank continues to see the underlying fundamentals in the U.S. business as "healthy," particularly as demand for powders and by-products grow, and exports climb, it said. For Canada, it expects volume strength to drive revenue growth.CIBC expects a "strong" quarter in the U.K. with EBITDA and sales growth year-over-year, while it forecast "more neutral" year-over-year performance in Australia, with seasonality driving lower milk volumes than in Q3 of fiscal 2026. It also said that it is "comfortable looking further ahead" than is its custom given the noise of the Argentina divestment and balance sheet flexibility that will come with the proceeds."While fundamentals remain solid across geographies, commodity volatility in the U.S. - particularly for butter - is expected to weigh on margins, along with some additional cost pressures," said analyst Mark Petrie. "Divesting Argentina is a positive step, and a potential catalyst for increased share buybacks."Price: $41.45, Change: $-0.10, Percent Change: -0.24%

$SAP.TO