Sego Resources (SGZ.V) on Friday said it closed a non-brokered private placement of flow-through share that raised $1.06 million
The company placed 21.2-million tax-advantaged shares priced at $0.05 in the financing.
Proceeds will be spent on exploration of the company's Miner Mountain project.
The company's shares last traded June 4, closing at $0.045 on the TSX Venture Exchange.
Saputo (SAP.TO) after trade Thursday said its fiscal fourth-quarter profit rose while revenue declined year-over-year.The dairy-products company earned $102 million, or $0.25 per share, in the period, up from $74 million, or $0.18, a year ago. FactSet expected $0.39 per share.Revenue from continuing operations fell to $4.17 billion from $4.41 billion in the year-ago quarter. FactSet projected $4.35 billion. The company said the decline was driven by lower US dairy commodity market pricing."The operating environment continues to be shaped by macroeconomic and geopolitical uncertainty, including inflationary pressures, volatile consumer sentiment, tariff uncertainty, and ongoing geopolitical conflicts, particularly in the Middle East, which continue to influence input costs, energy prices, supply chains, and end-market demand across regions," the company said in terms of fiscal year 2027 outlook.
K92 Mining (KNT.TO) after the close on Thursday released its sixth set of drilling results from its maiden surface diamond drill program at Arakompa, located about 4.5 kilometers from the company's Kainantu Gold Mine process plant in Papua New Guinea.The latest results consist of 33 holes, bringing the total number of holes released to date to 100.The company said all drill holes at Arakompa intersected mineralization, with 40 intersections exceeding 5 grams per tonne gold equivalent (AuEq) and 20 intersections exceeding 10 g/t AuEq.K92 Mining said multiple high-grade intersections were recorded at the AR1 Vein at the Arakompa prospect, adding that the increased drill density expanded the near-surface high-grade zone, which is now defined over approximately 300 meters of vertical extent and up to 400 meters of strike length, starting at a depth of 100 meters. Within this zone, the weighted average grade was 9.47 grams per tonne AuEq and the average true width was 4.32 meters.K92 Mining also reported multiple high-grade intercepts at the AR2 Vein at the Arakompa prospect. The highlights included hole KARDD0084G, which returned 4.70 meters grading 41.90 grams per tonne AuEq.Hole KARDD0104 returned 6.80 meters grading 15.21 g/t AuEq, including 2.00 meters grading 49.00 g/t AuEq. Hole KARDD0090 returned 3.40 meters grading 20.31 g/t AuEq, including 0.90 meters grading 71.63 g/t AuEq. Additional results included hole KARDD0073, which returned 8.00 meters grading 6.72 g/t AuEq, hole KARDD0105, which returned 3.60 meters grading 5.02 g/t AuEq, and hole KARDD0091, which returned 1.40 meters grading 7.51 g/t AuEq."The latest results from Arakompa represent another important step in advancing the discovery towards a maiden resource estimate planned for mid-2026. Drilling continues to demonstrate a large, near-surface mineralized system, highlighted by the significant expansion and improved continuity of the AR1 high-grade zone and the delineation of a substantial high-grade bulk tonnage zone. Increased drill density is enhancing our geological confidence while also highlighting the potential for grade profile upgrades through ongoing infill and step-out drilling," said chief executive John Lewins.Shares of the company closed up $0.39 at $23.87 on Toronto Stock exchange.