TSX at New High at Midday With Materials The Biggest Gainer

Surge Energy Says Toronto Stock Exchange Has Accepted Its Notice of Intention to Renew NCIB For Its Outstanding Common Shares

Reitmans Narrows Its Fiscal Q1 Loss as Revenue Edges Higher

Reitmans (Canada) (RET.V) after the close Tuesday reported a narrower fiscal first-quarter loss as revenue increased and the retailer made progress across the business despite a challenging economic environment.The company's net loss in the quarter ended May 2 stood at C$6.3 million, or $0.13 per share, compared to a loss of $10 million, or $O.20 per share, in the prior year period.Revenue rose to $160.1 million compared to $158.9 million the first quarter of last year.The company said adjusted EBITDA improved by $5.2 million to $(5.4) million for the quarter."The difficult economic reality is impacting everyday Canadians - we hear it from our customers every day. The rise in fuel costs and the related effects are significant. We remain committed to being the best choice for Canadians for great fashion at exceptional value. We are confident in our strategy, our brands, and the work underway to build a stronger, more resilient RCL," said chief executive Andrea Limbard.During the first quarter of 2027, under the NCIB, the company purchased for cancellation 235,600 Class A non-voting shares for an aggregate cash consideration of C$0.5 million. From the inception of the NCIB, on August 5, 2024, to May 2, 2026, the company has purchased for cancellation a total of 745,200 shares.Shares of the company closed up C$0.01 to C$2.06 on TSX Venture Exchange on Tuesday.

Lundin Mining Says Vicuna Corp. Received Approval for RIGI PEELP in Argentina

Lundin Mining (LUN) on Tuesday said Vicuna Corp., a joint venture with BHP Group (BHP) received approval for the inclusion of the Josemaria and Filo del Sol deposits to the Incentive Regime for Large Investments under the Long-Term Strategic Export Projects (RIGI PEELP) designation in Argentina.Vicuna is the first copper mining project in Argentina to be granted the more favourable RIGI PEELP status, it added.Lundin chief executive Jack Lundin, said: "We are very pleased to receive this favourable ruling which represents a significant milestone for the Project. The approval of Vicuna's RIGI PEELP application is an important step forward in advancing one of the world's most important copper districts. Argentina's RIGI regime is designed to attract and accelerate large-scale investment through long-term fiscal stability and transparent regulatory conditions. Under this regime, the Project will benefit from greater investment certainty, further supporting progress toward a final investment decision for Stage 1 before the end of this year. Together with our partner, BHP, we appreciate the constructive engagement and support of the Governments of Argentina and San Juan and look forward to continuing to work collaboratively to unlock the full potential of Vicuna for the benefit of all stakeholders."Lundin noted development of the Vicuna district is envisioned in a staged approach. Stage 1 encompasses a sulphide mill and the Josemaria deposit, the technical report released on February 16, 2026 estimated an initial capital at $7.1 billion. The RIGI PEELP application capital expenditure number included stage 1 and aspects of Stage 2 (leachable oxides).Lundin shares closed up $1.40 to $41.25 on the Toronto Stock Exchange.