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

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

Globex Mining With Update On Mont Sorcier Iron Royalty Asset

GLOBEX MINING ENTERPRISES (GMX.TO) provided Tuesday an update as regards the Mont Sorcier iron deposit located in the Chibougamau area of Quebec.Globex noted it retains a 1% Gross Metal Royalty on iron production from the property, and it reproduced some background details as announced by Cerrado Gold Inc. (CERT.V) in its 2026 Q1 report issued May 27, 2026."In Canada, at the company's Mont Sorcier High grade, 67%, Iron project, work continued on delivering a Bankable Feasibility study. The company expects to release the results of a Bankable Feasibility study by the end of Q2 2026, and it now anticipates submitting the Environmental and Social Impact Assessment in early Q1 2027. As a result, permits are now expected no earlier than around year end 2028, suggesting construction could commence around the end of Q1 2029 due to the winter season. We note that recent comments by policymakers indicate a desire to accelerate the permitting process; however, no clear timeline for how this will impact Mont Sorcier is available at this time."GMX added: "The Mont Sorcier project is being designed as an 8 Mtpa concentrate operation, compared with 5 Mtpa in the PEA, to reflect strong demand for high-grade 67% iron concentrates with low silica and alumina suitable for the direct reduction iron (DRI) or pellet feed markets, the fastest growing segments of the iron ore market for which premium prices are expected. Development is expected to occur in two phases, with Phase 1 producing 4 Mtpa and a second 4 Mtpa expansion targeted approximately three years after start-up."Globex said it awaits results of the feasibility study on the Mont Sorcier iron ore deposit. The increased throughput forecast by Cerrado will come in the second phase of construction, it added.Shares in GMX were down $0.075 or 3.6% to $1.995 yesterday.