FINWIRES · TerminalLIVE
FINWIRES

Stampede Drilling Confirms "No Drilling Rig" in Greenland

By

Stampede Drilling (SDI.V) said Tuesday after trade it currently has no drilling rig in Greenland.

The company's rig, which was meant to be deployed by its customer, US-based Greenland Energy, in its drilling program in the Jameson Land Basin in Greenland, remains in Canada.

"Inaccurate information has appeared on various social media platforms," a statement from the company said. It reiterated that it will not be landing a drilling rig in Greenland unless Greenland Energy's drilling program receives the requisite regulatory consents and approvals by Greenland's authorities.

Stampede had said at the end of June that it planned to mobilize the rig from Nisku, Alberta, in the third quarter of this year.

Reports on August 10 said Greenland Energy had moved drilling equipment to the island's east coast.

Stampede Drilling shares closed down C$0.005, to C$0.235, on the TSX Venture Exchange.

Related Articles

Mining & Metals

AGT Food Q2 Adjusted EPS Falls, Misses FactSet Estimate; Revenue Rises, Beats Forecast

AGT Food and Ingredients (AGTF.TO) after the close on Monday said its second-quarter adjusted net earnings of C$0.12 per share, or C$8.25 million, compared to C$0.18 per share, or C$7.54 million, in the prior year period.It missed FactSet consensus of C$0.22 per share.Revenue during the quarter ended on June 30 stood at C$634.17 million up from C$623.58 in the same period last year, surpassing FactSet analysts' estimates of $572.80 million.The company also declared its second quarterly cash dividend for Q3 2026 of $0.05 per common share, payable on Oct. 15 to shareholders of record as of the close of business on Sept. 30.Shares of the company closed up C$0.01 at C$17.19 on Toronto Stock Exchange.

$AFTF.TO
Mining & Metals

Allied Gold Completes C$416.6 Million Strategic Investment by Zijin Gold

Allied Gold (AAUC.TO) after trade Monday said it completed its strategic investment by Zijin Gold, which was made via a private placement of 12.8-million shares at C$32.55 per share, generating gross proceeds of C$416.64 million.The company said it plans to use the net proceeds to support its growth initiatives, including operational improvements, the completion and ramp-up of Kurmuk, the phased expansion of Sadiola, increased production at the CDI Complex, and exploration across its portfolio.Following the investment, Zijin Gold owns about 9.2% of Allied's outstanding shares. Zijin Gold also has customary participation and top-up rights to maintain its ownership percentage until its stake falls below 5% on a non-diluted basis, according to the statement.Allied Gold in late July it would not go ahead with a planned sale to Zijin Gold as both companies did not foresee the agreement's conditions being satisfied by the outside date of July 29.

$AAUC.TO
Mining & Metals

Earnings Flash (CRT-UN.TO) CT Real Estate Investment Trust Reports Q2 Revenue C$156.7M

$CRT-UN.TO