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Mining & Metals
Arrow Exploration Puts Icaco 1 Well On production in Colombia
Arrow Exploration Corp (AXL.V, AIM:AXL) told investors that its Icaco 1 exploration well in Colombia is now on production after encountering multiple hydrocarbon-bearing intervals, lifting total gross corporate output to around 5,100 barrels of oil equivalent per day, the company said earlier Tuesday.IC-1, on the Tapir Block in the Llanos Basin, was drilled on time and under budget to a total measured depth of 7,800 feet. Log analysis showed 30 feet of pay in the Carbonera C7 formation, 15 feet in the Gacheta and 26 feet in the Ubaque, it added.AXL was down $0.02 or 4.55% at $0.42 yesterday, but it remains at the high end of 52 week trading range.
$AXL.V
Mining & Metals
Stantec JV Up In US Premarket As Picked to Deliver Western Melbourne's 5-Year Water Infrastructure Program
Stantec (STN.TO, STN), in a joint venture with Jacobs, has been picked as engineering services partner for Melbourne's Greater Western Water's five-year infrastructure program, the company said on Tuesday.The joint venture will support the planning, design and delivery of water infrastructure across Melbourne's western region, whose population is forecast to more than double by 2050, a statement said. Jacobs will provide engineering and advisory services for water and wastewater networks, treatment plants and dams. Additional services may include groundwater and surface water assessments, and development of engineering standards.The appointment builds on Jacobs' existing role as Greater Western Water's engineering and delivery partner for the past eight years.Stantec shares were last seen up US$0.96, to US$77.50, in U.S. pre-market trade, albeit they remain at the low end of their 52 week trading range.
$STN.TO
Mining & Metals
Galantas Gold Net Loss Widens in Q1
Galantas Gold (GAL.V) reported a widened net loss in the first quarter, on Tuesday.For the three months ended March 31, 2026, the company reported net loss of $2.4 million compared with $1.2 million, a year earlier.Sales revenue for the quarter amounted to $Nil compared to revenue of $Nil for the quarter ended March 31, 2025, it said. The company said that until the Indiana mine reaches commercial production, the net proceeds from concentrate sales are being offset against development assets.Galantas Gold had a cash balance of $10.8 million at March 31, 2026, compared to $729,387 at March 31, 2025.Shares of the company closed down 1.1% to $0.47 on Monday on the TSX Venture Exchange.
$GAL.V