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Mining & Metals
Almonty Industries Set to Join Large-Cap Russell 1000 Index and Broad-Market Russell 3000 Index
Almonty Industries (AII.TO) is set to join the Large-Cap Russell 1000 Index, as well as the Broad-Market Russell 3000 Index, at the conclusion of the 2026 Russell indexes reconstitution, according to a preliminary list of additions posted by FTSE Russell on May 22, 2026, said the company on Thursday.The company's inclusion is expected to become effective when the market opens on June 29, 2026.Its membership in the Russell 3000 Index, which remains in place for half a year beginning 2026, means automatic inclusion in the large-cap Russell 1000 Index, as well as the appropriate growth and value style indexes, stated the company."We are honoured to be set to join the Russell 3000 and 1000 indices, which we believe reflects the significant operational and financial progress Almonty has made over the past year as we firmly establish ourselves as the cornerstone of the Western tungsten supply chain," said Lewis Black, Chairman, President and Chief Executive Officer of Almonty Industries. "With our flagship Sangdong Mine in South Korea now coming on line, the relocation of our corporate headquarters to the United States, and a fortress balance sheet to support continued growth, we believe inclusion in the Russell indexes will further expand our visibility within the institutional investment community and broaden our shareholder base as we execute on our long-term strategic vision."The company's shares were last seen down $0.61 at $27.52 on the Toronto Stock Exchange.Price: $27.48, Change: $-0.65, Percent Change: -2.31%
$AII.TO
Mining & Metals
Montero Mining and Exploration Starts Initial Drilling at Elvira Gold Project, Chile
Montero Mining and Exploration (MON.V) started drilling at the Elvira Gold Project in Chile, it said on Thursday.The initial phase of drilling is designed to test the strongest converging vectors from the upper gold-bearing epithermal system into the deeper porphyry Cu-Au domain, it said. The current first-pass drilling program is expected to comprise four initial holes for about 2,025 meters, subject to drilling conditions and operational progress."Drillhole MON-ELV-01 is designed to test a strong chargeability anomaly at depth beneath historical drill intercept, where Montero interprets a compelling epithermal feeder to porphyry Cu-Au target," said Montero CEO Tony Harwood.The company said it has completed site preparation, logistics planning and field mobilization, together with its contractors, to support the initial drill campaign.Shares of the company were last seen unchanged at $0.6 on the TSX Venture Exchange.
$MON.V
Mining & Metals
CT REIT Completes $300 Million Debenture Offering
CT REIT (CRT-UN.TO) has completed its $300 million unsecured debenture offering, the company said on Thursday.The debentures mature on Dec. 5, 2031, and bear interest at 4.357% per annum. Proceeds will be used to pay down debt, including the $200 million Series D Debentures, which mature on June 1. The balance of the proceeds will be used for general business purposes, a statement said.The Series K debentures, which have been rated "BBB" with a stable trend by Morningstar DBRS, are direct senior unsecured obligations of CT REIT.CT REIT units were last seen up $0.02 at $17.82 on the Toronto Stock Exchange.Price: $17.83, Change: $+0.03, Percent Change: +0.17%
$CRT-UN.TO