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Mining & Metals
Max Power Mining Signs MOU with City of Moose Jaw to Commercialize Natural Hydrogen
Max Power Mining (MAXX.CN) has signed a memorandum of understanding with the City of Moose Jaw in Saskatchewan to jointly advance opportunities in commercializing natural hydrogen commercialization in the region, the company said Friday.Moose Jaw is part of the Regina-Moose Jaw Industrial Corridor, a strategic hub of transportation, logistics, industrial operations, energy infrastructure, skilled workforce, education and research capabilities in Saskatchewan.Max Power's Lawson Discovery is located about 80 kilometers northwest of Moose Jaw, and the Genesis Trend extending directly through this corridor. The company believes it can connect its project to the hub for potential end-use demand, infrastructure development, workforce growth, and long-term regional economic expansion."As MAX Power advances its Natural Hydrogen project toward commercial validation, we see a meaningful opportunity to support innovation, attract investment, create long-term economic value, and help position this region at the forefront of a new category of domestically sourced clean energy," Max Power Chief Executive Officer Ran Narayanasamy said.
$MAXX.CN
Mining & Metals
FireFox Gold Announced a Non-Brokered Private Placement
FireFox Gold (FFOX.V) plans to complete a non-brokered private placement of up to 8.5 million units at a price of $0.60 each for aggregate gross proceeds of up to $5.1 million, the company said on Friday.Each unit is made up of one common share and one half of one common share purchase warrant. Each warrant will be exercisable for one common share at an exercise price of $0.90 and will expire three years from the closing date of the offering, it added.It is expected that certain insiders of the company, including certain directors, will participate in the offering.The net proceeds are expected to fund a significant drill program at the Mustajarvi Project, as well as a return to drilling at the Sarvi Project along with other exploration work, working capital and general corporate purposes.The company expects to close the offering on or about June 3, 2026, or such other date as the company may determine. Completion of the offering is subject to certain conditions, it added.
$FFOX.V
Mining & Metals
Transat A.T Says Increase in Aviation Fuel Prices Continues to Exert "Significant" Pressure on Global Energy Markets
Transat A.T (TRZ.TO) said the "significant" increase in aviation fuel prices, exacerbated by the prolonged closure of the Strait of Hormuz continues to exert "significant" pressure on global energy markets and is particularly affecting the entire airline industry, resulting in a substantial rise in its operating costs.For the months of March and April, fuel surcharges had a limited impact on Transat's revenues and only marginally offset the negative impact of the increase in aviation fuel prices, it said. Taking into account the effect of existing hedging instruments, the increase in aviation fuel prices resulted, for these two months, in additional costs of about $70 million, or an increase of more than 75%, compared to March and April 2025.The additional costs incurred by the company will be reflected in the results for the quarter ended April 30, 2026, which will be released mid-June 2026, it added."In addition to the cancellation of our flight program to Cuba until November 2026, the impact on our costs is material and could persist if the situation, which is beyond our control, were to continue," said Transat A.T Chief Executive Annick Guerard. "Despite the measures we are implementing, we are not able to fully eliminate its effects. In this context, we continue to closely monitor developments and adapt our actions accordingly."Shares of the company closed down 1.5% to $2.66 on Thursday on the Toronto Stock Exchange.
$TRZ.TO