FINWIRES · TerminalLIVE
FINWIRES

TriStar Gold Closes $10.35-Million Brokered Private Placement; Shares Down 7%

By

TriStar Gold (TSG.V) on Thursday said it closed a best-effort" brokered private placement of share units that raised C$10.35 million.

The company placed 45.01-million units priced at C$0.23 each and made up of a share and one half of a two-year warrant to buy a share for C$0.30.

The company plans to use the net proceeds to fund exploration and development of the company's mineral properties, as well as for general working capital.

The company's shares were last seen down $0.015 to $0.20 on the TSX Venture Exchange.

Price: $0.20, Change: $-0.02, Percent Change: -6.98%

Related Articles

Mining & Metals

CIBC Confirms Outperformer Rating on Groupe Dynamite and Raises Target to $100 Ahead of Q1 Results

CIBC Capital Markets maintained its outperformer rating on the shares of Groupe Dynamite (GRGD.TO) and raised its price target to C$100 from C$97.00 ahead of the clothing retailer reporting its fiscal first-quarter financial results.The bank expects sales momentum to "remain healthy," with "strong" gross margin percentage performance. It also said it continues to see strong sales growth in both Canada and the U.S., led by the Garage banner."We continue to see substantial runway for GRGD with International as an emerging - but increasingly important - lever," said analyst Mark Petrie. "Our estimate of 22% SSS growth sits modestly below consensus of 26.4% and reflects deceleration from the 28% growth through the first eight weeks of FQ1 that management shared on the FQ4 call in April."CIBC expects EBITDA margin up 512 basis points overall. "We should also see solid opex leverage on the top-line strength," Petrie added.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $77.20, Change: $-2.00, Percent Change: -2.53%

$GRGD.TO
Mining & Metals

Stifel Canada Hikes MDA Space Price Target to $70, Maintains Buy Rating on Positive Outlook

Stifel Canada has hiked its price target on the shares of MDA Space (MDA.TO) to $70.00, from $57.00, and maintained its buy rating.Analyst Greg MacDonald notes that MDA Space has rallied along with U.S. peers. Its shares have surged 63% in the past month, compared with the TSX's 3%.MDA also completed its U.S. initial public offering last March, giving it direct access to U.S. investors. "We see this MDA's US listing as a key reason the stock has rallied alongside leading US space names over the past month."The stock may take a breather while catalysts catch up, but MacDonald has lifted his price target in anticipation of both military and commercial mega-constellation opportunities that could be announced in the second half of this year.Price: $56.59, Change: $+0.75, Percent Change: +1.34%

$MDA.TO
Mining & Metals

NEO Battery Materials Launches FPV Strike Drone or Loitering Munition Battery with "High-Power & Energy Performance"

NEO Battery Materials (NBM.V) launched its "high-power and energy" battery products specifically engineered for First-Person View (FPV) strike drones or loitering munitions (LMs), demonstrating a 82% increase in energy density and doubling in flight range compared to Chinese incumbents, said the company on Thursday.It is "one of first non-Chinese pouch battery alternatives" for FPV strike drones with U.S. NDAA compliance for procurement eligibility into DoW and allied military entities, stated the company.Both 6.5 and 11.5 Ah products are precision-engineered to deliver "improved stability and flight time under the high-intensity discharge conditions" required for one-way strike drones, said the company."At identical size and dimensions, NEO's 6.5 Ah packs delivered an 82% increase in energy density compared to a commercial Chinese pack, enhancing from 129 to 235 watt-hours per kilogram (Wh/kg) or raising capacity from 3.3 to 6.5 Ah," said the company. "In a simulated 250 km/h strike mission, the optimization translated into a 102.9% increase in flight range from 24.4 km to 49.5 km, given the same amperage (current delivery)."The higher-capacity 11.5 Ah variant demonstrated a "stronger power profile and lower temperature rise" compared to a "leading silicon battery product", the company stated. Based on a 10C or 6-minute discharge test, NEO's cell retained 78.8% of capacity compared to 48% for its benchmark, it added.The company is in discussions across Ukraine, the U.S., South Korea, and Japan regarding the integration of these cells into active defense systems, said the company and added that serving a dual-use purpose, the FPV strike drone battery portfolio will be further distributed to drones for precision agriculture, security/inspection, and industrial logistics.The company's shares were last seen down $0.01 at $0.38 on the TSX Venture Exchange.Price: $0.38, Change: $-0.01, Percent Change: -2.56%

$NBM.V