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Vizsla Copper Stakes Miller Project in British Columbia

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Vizsla Copper (VCU.V) has acquired through staking the Miller copper-gold porphyry project in British Columbia, the company said on Wednesday.

The road-accessible project is contiguous with Centerra Gold's (CG.TO) Mount Milligan mine and is a cost-effective exploration opportunity, Vizsla said.

A project-wide airborne survey will begin in the coming weeks to image subsurface resistivity and conductivity to a depth up to two kilometers. These target areas will be further investigated and refined in 2027 with soil and rock geochemical surveys.

"Miller builds upon our strong copper-led portfolio in Alaska and B.C. and supports our long-term objective of progressing our more advanced projects while continuing to build upon our pipeline of discovery-focused assets, providing multiple pathways for value creation," said Vizsla Chief Executive Officer Craig Parry.

"We see a significant opportunity to capitalize on the growing copper demand and increasing need for responsibly produced supply from stable North American jurisdictions," he added.

Vizsla Copper shares were unchanged at CA$1.25 on the TSX Venture Exchange.

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Mining & Metals

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Tourmaline to Sell CA$287.5 Million of Topaz Shares, Raises Quarterly Dividend 5%

Tourmaline Oil (TOU.TO) and Topaz Energy (TPZ.TO) said Tuesday that Tourmaline agreed to sell 10 million common shares of Topaz on a bought-deal basis at CA$28.75 per share for gross proceeds of about CA$287.5 million.The offering includes an option for the purchase of up to an additional 15% of the shares sold to cover over-allotments and for market stabilization.Topaz will not receive any proceeds from the offering.Tourmaline currently owns about 19.9 million Topaz shares, representing approximately 12.9% of the company's outstanding shares. Following the offering, Tourmaline will hold about 9.9 million Topaz shares, representing approximately 6.4% of Topaz, or 5.4% if the over-allotment option is exercised in full.Tourmaline intends to use the net proceeds to repurchase its common shares under the normal course issuer bid. Its board has also approved an increase in the quarterly base dividend effective in the fourth quarter of 2026 from CA$0.50/share to CA$0.525/share, representing a 5% increase from the current base dividend of CA$0.50/share.

$TOU.TO$TPZ.TO