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Rhelion Life Sciences' Unit Signs Supply and Licensing Agreement With Centre for Human Drug Research

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Rhelion Life Sciences' (RHEL.CN) unit, Filament Health, entered into a supply and licensing agreement with the Centre for Human Drug Research (CHDR) in Leiden, the Netherlands, the company said in a statement on Thursday.

Filament will supply PEX010, its botanical psilocybin drug candidate, for a CHDR study of psilocybin in the low and medium dose range. CHDR is conducting the study in collaboration with the PRSM Lab at Leiden University and has received funding from Norrsken Mind, it added.

Filament will supply PEX010 in 1 mg and 5 mg doses, together with matching placebo capsules. The unit will also provide regulatory support for the clinical trial application under the European Union Clinical Trials Regulation.

The sponsor of the study is CHDR.

Shares of the company were last seen up 8.3% at CA$0.0325 on the Canadian Securities Exchange.

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Mining & Metals

ATEX Resources Reports Key Findings From Valeriano Drill Program in Chile

ATEX Resources (ATX.TO) after trade Wednesday announced key findings from its Phase VI drill program at the Valeriano Copper-Gold Project in Chile's Atacama Region.The company said Phase VI was its largest drilling campaign at Valeriano, with about 28,400 meters of drilling completed. This exceeded the original 25,000-meter target and was more than 70% higher than Phase V.Highlights included 40 meters grading 4.83% copper equivalent (CuEq) within an 86-meter interval grading 3.84% CuEq in hole ATXD25C. Additionally 78 meters grading 3.03% CuEq in ATXD23C, 186 meters grading 2.15% CuEq in ATXD26B, and 56 meters grading 2.36% CuEq in ATXD32, the company said."Following record snowfall in the Atacama region, Phase VII drilling is expected to commence in early October targeting a growing pipeline of B2B and high-grade porphyry targets, as well as broader system opportunities ahead of an updated Mineral Resource Estimate in 2H 2027," the company added.

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Mining & Metals

West Fraser Announces Term Loan Refinancing and Declares Dividend

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Mining & Metals

Precision Drilling Renews Share Buyback Program

Precision Drilling (PD.TO) said Wednesday after trade it received Toronto Stock Exchange approval to renew its normal course issuer bid.The company can buy back and cancel up to 1.23 million shares in the 12 months beginning on Sept.21.Under its previous NCIB, which terminates on Sept. 18, Precision bought back 668,674 shares from the approved 1.25 million shares at a weighted average price of CA$102.54.Precision Drilling shares closed down CA$3.94, to CA$120.45, on the Toronto Stock Exchange.

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