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Update: AtkinsRealis, Aecon, Secure Contracts with Ontario Power Generation

(Updates to add paragraphs 6-8)Candu Energy, a joint venture between AtkinsRealis Group (ATRL.TO) and Aecon Group (ARE.TO), signed a three-year contract worth CA$1.7 billion with Ontario Power Generation for the refurbishment of unit five of the Pickering nuclear generating station.The work is associated with the retube, feeder and boiler replacement project at the site, AtkinsRealis said Monday.The company said it expects work to be extended to units six, seven and eight once it receives regulatory approval. Ontario Power Generation said it expects the cost of refurbishing the four reactors to total CA$26.8 billion.The project is part of a plan to extend the life of Pickering's Candu reactors for over 30 years.AtkinsRealis said it will add its share of the contract to its nuclear backlog in the third quarter.Aecon (ARE.TO) said in a statement that its CA$1.75 billion share of the contracts with AtkinsRealis will be added to its construction segment backlog in the third quarter of 2026.Its partnership with Siemens Energy has also been awarded a CA$1.3 billion contract for the turbine generator replacement (TGR) project. Aecon holds a majority interest in the consortium and will provide construction services and material procurement.AtkinsRealis shares closed up CA$1.49 at CA$89.54 on the Toronto Stock Exchange, while Aecon shares closed up CA$3.81 at CA$51.01.

$ARE.TO$ATRL.TO

Mining & Metals6h ago

Mark Carney's Government Introduces Bill C-39 to Speed Up Major Projects

The Government of Canada introduced Bill C-39, the Building Canada Strong Act, to speed up reviews for major infrastructure projects while supporting the workers who build them, according to a statement from Canada-US Trade Minister Dominic LeBlanc.The government said the bill is intended to provide businesses with greater speed, certainty, and predictability when investing in Canada. It aims to accelerate major projects, strengthen supply chains, open new markets, and unlock the country's natural resources, the statement added.As part of the "Canada Strong For All" initiative under the proposed bill, the government plans to add 100 new health and safety officers, increasing inspection capacity by about 70%. It will also hire 26 new staff at the Canada Industrial Relations Board to help clear the backlog of worker complaints against employers."The proposed measures were informed by cross-country engagement with workers, unions, employers, Indigenous Peoples, provinces and territories, industry, and other partners," the statement said.

$CXY

Mining & Metals6h ago

Elemental Royalty to Buy Orion Precious Metals Portfolio for $290 Million; CEO Resigns

Elemental Royalty (ELE.TO, ELE), up 1.2% in after-hours US trading, said Monday it entered into agreements to acquire a portfolio of five precious metals streams and royalties from funds managed by Orion Mine Finance Management for $290 million.The purchase price includes $200 million in cash and $90 million in equity, the company said.Separately, the company entered into a non-binding agreement with Carlin East to sell its Generation Business, which includes wholly owned exploration projects.Under the proposed transaction, Carlin East would also assume management and shared ownership of Elemental's option agreements and certain early-stage exploration royalties associated with the Generation Business.In return, Elemental would receive a cornerstone equity stake in Carlin East.Elemental also said chief executive David Cole resigned effective immediately to take a leadership role at Carlin East.Frederick Bell, currently Elemental's chief operating officer, was appointed chief executive officer and director.ELE's shares were up $0.27 to $21.99 at last look in after-hours US trading after closing up CA$0.66 to CA$30.45 on Toronto Stock Exchange

$ELE$ELE.TO

Mining & Metals7h ago

Military Metals Secures CA$100,000 Nova Scotia Exploration Grant

Military Metals (MILI.CN) said on Friday that it received a CA$100,000 exploration grant from the Nova Scotia Department of Natural Resources' Mineral Resource Development Fund.The funding will support the company's ongoing exploration work at its West Gore Antimony-Gold Project and will cover part of its current diamond drilling program, it added.The drilling program is planned to include seven drill holes totaling 1,750 meters. The holes will target the potential extension of the past-producing deposit below the historical mine workings, the company said.The program will also target the down-plunge extension of the historically mined Brook Vein, as well as the continuity of a significant historical drill intercept, according to the statement.

$MILI.CN

Mining & Metals7h ago

Silver Tiger Metals to Raise up to CA$87 Million in a Private Placement of Units

Silver Tiger Metals (SLVR.TO) plans to raise CA$87 million from a private placement financing of 87-million units priced at CA$1.00 each, the company said after trade on Monday.Each unit is made up a share and half of one two-year warrant to buy a share at CA$1.35. The underwriters have also been granted a 15% over-allotment option, which, if fully exercised, would increase financing proceeds to CA$100 million.Proceeds would be used to fund exploration and development expenditures at the El Tigre Project in Mexico,.Silver Tiger Metals also said the capital expenditure estimate for El Tigre has jumped by $37 million, to $124 million. It added that cost escalation in the mining industry over the last few years added an estimated 10% to the current estimate.The offering is scheduled to close on Oct. 13.Silver Tiger Metals shares closed unchanged at CA$1.17 on the Toronto Stock Exchange.

$SLVR.TO

Mining & Metals7h ago

TSX Closer: The Index Closes Higher as Tech, Base Metals and Financials Gain

The S&P/TSX Composite Index closed higher on Monday as gains in technology, base metals and financial stocks outweighed weakness in energy and telecom shares, while investors weighed fresh US-Canada trade tensions and comments from Bank of Canada Governor Tiff Macklem on the economic risks from tariffs.The index closed up 202.75 points, or 0.6%, at 36,009.40 with mixed sectors. Information Technology led advancers, up 3.0%, followed by base metals and financial that closed up 1.6% and 1.4%, respectively. Shares in energy and telecom closed down 2.5% and 1%, respectively.The Battery Metals Index, which includes companies listed both on the TSX and TSX Venture Exchange, jumped 1.0%.In commodities, West Texas Intermediate (WTI) and Brent crude fell on Monday as hopes for diplomatic progress in the US-Iran conflict and signs of recovering Saudi oil shipments eased some concerns about supply disruptions. Saudi Aramco has reportedly increased exports through the Strait of Hormuz after disruptions to its East-West pipeline and shipments from Yanbu, offsetting continued geopolitical risks from Houthi attacks in the region.October WTI crude oil contract settled down $4.52, or 4.5%, at $95.78 per barrel, while November Brent oil was last seen down $3.59, or 3.5%, at $100.28 per barrel.Meanwhile, December Comex gold futures dropped 0.9%, or $41.00, to $4,383.90 per ounce at last look.In currencies, the US dollar edged higher 0.4% against the Canadian dollar, with USD/CAD at 1.4037 at last look.Amid escalating trade tensions between the United States and Canada, US President Trump said Monday Washington is pursuing a major agreement to buy potash from Belarus, potentially reducing its reliance on Canadian supply."The United States is working on a massive Deal with respect to the purchase of Potash from Belarus. The pricing would be for substantially less than we are currently paying to Canada, very good news for our Farmers and Ranchers," Trump wrote on Truth Social.Meanwhile Bank of Canada Governor Tiff Macklem on Monday warned that shifting US trade policies are clouding Canada's economic outlook and risk undermining some of the gains made in recent months.In prepared remarks for a speech in Halifax, Macklem said the changing trade picture could cause businesses to delay investment and hiring decisions, the Canadian Press reported. He said economic growth could slow to less than 1% in the fourth quarter if the new US tariffs stay in place, roughly half the pace otherwise expected.

S&P/TSX CompositeS&P/TSX Composite$CXY

Mining & Metals7h ago

Canadian Large Cap Leaders Split Declares Distributions to Shareholders for October

Canadian Large Cap Leaders Split (NPS.TO) on Monday afternoon announced a distribution for its shareholders.The distribution will be paid on Oct. 13 to shareholders who are on record as of the close of business on Sept. 29, it added.Class A shareholders will receive CA$0.1800 per share, while Preferred shareholders (NPS.PR.A) will receive CA$0.1875 per share, according to the statement.

$NPS.TO

Mining & Metals8h ago

Freeman Gold Begins Soil And Geochemistry Programs at Lemhi Gold Project in Idaho

Freeman Gold (FMAN.V) said Monday that it began baseline soil and geochemistry programs at its Lemhi Gold Project in Idaho.The programs will generate baseline data to support project planning, environmental review and future permitting activities, a statement said."Building a comprehensive environmental and geochemical database is critical as we continue to de-risk the project. The soil work will provide important information for reclamation and closure planning, while the geochemical characterization program will help us better understand the behavior of potential mine materials and guide future mine planning, permitting and environmental management," said Freeman Chief Executive Officer Bassam Moubarak.Freeman Gold shares last traded on Sept. 18, closing at CA$0.415 on the TSX Venture Exchange.

$FMAN.V

Mining & Metals9h ago

Capstone Copper To Sell Cozamin to Luca Mining for $385 Million

Capstone Copper (CS.TO, CSC.AX) agreed to sell its Cozamin copper-silver-zinc-lead mine in Zacatecas, Mexico, to Luca Mining (LUCA.V) for up to $385 million, it said in a statement on Monday.The total consideration will be comprised of $275 million in upfront cash, $15 million in Luca shares, $35 million in deferred consideration and up to $60 million in contingent cash consideration tied to annual average copper prices, all subject to certain conditions and terms, it said.Closing of the deal is expected in the fourth quarter of 2026, subject to some conditions and approvals.Capstone Copper shares were last seen up 0.9% at CA$14.62 on the Toronto Stock Exchange. Luca Mining shares were up 10.6% at CA$1.15 on the TSX Venture Exchange.Price: $14.65, Change: $+0.16, Percent Change: +1.10%

$CS.TO$LUCA.V

Mining & Metals9h ago

SalesCloser Technologies Gets DTC Eligibility

SalesCloser Technologies' (SCAI.V) shares received Depository Trust Company Eligibility for electronic clearing and settlement in the United States through the DTC, it said Monday.The company's shares started trading on the OTCQB Venture Market under the symbol SCTLF on July 7, said the company.Its shares continue trading on the TSX Venture Exchange under SCAI and on the Frankfurt Stock Exchange under MJ5, added the company."Our shares have been quoted in the United States since July, and DTC eligibility is the step that makes holding them as routine as any other position in a U.S. brokerage account," said SalesCloser Chief Executive Officer Ali Tajskandar. "As our commercial footprint expands across North America, we want the mechanics of owning the stock to be a non-issue for investors who want exposure to what we are building."The company's shares were last seen up CA$0.01, or 1.4%, at CA$0.68 on the TSX Venture Exchange.Price: $0.68, Change: $+0.01, Percent Change: +1.49%

$SCAI.V

Mining & Metals10h ago

Apogee Minerals Appoints Brady Rak as Chief Executive Officer

Apogee Minerals (APMI.V) appointed Brady Rak as chief executive officer, effective immediately, the company said on Monday.Rak brings more than 15 years of experience in the Canadian capital markets. He takes over from interim Chief Executive Officer Tim Fernback, who will continue to serve as chief financial officer.Apogee Minerals shares were last seen up CA$0.01 at CA$0.15 on the TSX Venture Exchange.Price: $0.15, Change: $+0.01, Percent Change: +7.14%

$APMI.V

Mining & Metals10h ago

Dream Unlimited Renews Normal Course Issuer Bid

Dream Unlimited (DRM.TO) received approval from the Toronto Stock Exchange (TSX) to renew its prior normal course issuer bid for a one-year period, it said in a statement on Monday.The company will have the ability to buy back for cancelation a maximum of 2.4-million of its Class A subordinate voting shares. The bid will start on Sept. 23, and remain in effect until the earlier of Sept. 22, 2027, or the date on which Dream has purchased the maximum number of Class A Subordinate Voting Shares permitted under the bid, it added.The company also established an automatic securities purchase plan with its designated broker, which has been pre-cleared by the TSX and will end on Sept. 22, 2027.Shares of the company were last seen up about 1% at CA$17.29 on the Toronto Stock Exchange.Price: $17.29, Change: $+0.17, Percent Change: +0.99%

$DRM.TO

Mining & Metals10h ago

Copper Quest Exploration Raises CA$825,000 Via Non-Brokered Private Placement

Copper Quest Exploration (CQX.CN) closed its non-brokered private placement for gross proceeds of CA$825,000 by issuing around 10.3 million units at a price of CA$0.08 each, it said Monday.Each unit is made up of a share and a two-year warrant which shall be convertible into an additional share at an exercise price of CA$0.13 per warrant share, said the company. The warrants are subject to an acceleration clause, it added.The company plans to use the proceeds for exploration activities and general working capital purposes, it said.The private placement is subject to the receipt of all necessary regulatory and other approvals, added Copper Quest Exploration.The company's shares were last seen down CA$0.01, or 10.5%, at CA$0.085 on the Canadian Securities Exchange.Price: $0.09, Change: $-0.01, Percent Change: -10.53%

$CQX.CN

Mining & Metals10h ago

Osisko Gold Announces $500 Million Secured Notes Offering

Osisko Gold (OGG.V) on Monday announced a $500 million secured notes offering.The notes, due in 2031, will be used to refinance its current senior secured project loan facility, and advance the Cariboo Gold Project in British Columbia, a statement said.The notes will be guaranteed by certain of Osisko's subsidiaries.Osisko Gold shares were last seen down CA$0.08 at CA$3.72 on the TSX Venture Exchange.Price: $3.73, Change: $-0.07, Percent Change: -1.84%

$OGG.V

Mining & Metals11h ago

Generation Mining Raises CA$240 Million Via 'Bought Deal' Public Offering and Concurrent Private Placement

Generation Mining (GENM.TO) closed its prospectus offering and concurrent private placement with Canada Growth Fund Inc. (CGF) of common shares of the company raising CA$240 million, it said in a statement on Monday.The company issued 312.5-million shares at CA$0.64 apiece for CA$200 million, pursuant to the terms of the public offering. The concurrent private placement was completed pursuant to the terms of a subscription agreement, between the company and CGF, with Generation Mining offering 62.5-million shares to CGF at CA$0.64 for CA$40 million, it said.The company said CGF also acquired 76.5-million shares pursuant to the public offering for about CA$49 million. Proceeds are expected to be used to fund the development and costs related to its Marathon Copper-Palladium Project located in northwestern Ontario, it said.CGF now controls 138.95-million shares of Generation Mining, about 19.9% of the issued and outstanding shares on a non-diluted basis.Shares of the company were last seen unchanged at CA$0.61 on the Toronto Stock Exchange.Price: $0.62, Change: $+0.01, Percent Change: +0.82%

$GENM.TO

Mining & Metals11h ago

Apollo Silver Falls 25% as Ejido Benito Juarez Community Meeting Adjourned

Apollo Silver (APGO.V), down 25% on last look, said the Ejido Benito Juarez community in Chihuahua, Mexico, will call a second community assembly to consider lifting the moratorium on mineral exploration and development on the Cinco de Mayo project, the company said on Monday.The company believes the Sept. 20 meeting was adjourned before business was conducted, due to a lack of quorum."Ejido processes often take more than one assembly to conclude, and that is the path we have always planned for. Our engagement remains strong as the Ejido moves to reconvene." said chief executive Colin SutherlandApollo Silver said discussions with the community oversight council suggest the next assembly date will likely be in October.Apollo Silver shares were last seen down CA$1.03 to CA$3.09 on the TSX Venture Exchange,Price: $3.09, Change: $-1.03, Percent Change: -25.00%

$APGO.V

Mining & Metals11h ago

Silver Hammer Mining Approved for Trading on the OTCQB Venture Market; Gets DTC Eligibility

Silver Hammer Mining's (HAMR.CN) shares were approved for trading on the OTCQB Venture Market in the United States under the symbol HAMRF, it said Monday.The company's shares have also received Depository Trust Company eligibility for electronic clearing and settlement through the DTC in the United States, said the company.Silver Hammer Mining will maintain its primary listing on the Canadian Securities Exchange under the symbol HAMR, it added."The uplisting to OTCQB and DTC eligibility are expected to reduce friction in trading and settlement, improve accessibility and increase our visibility in the U.S. capital markets," said Silver Hammer Chief Executive Officer Peter Ball.The company's shares were last seen down CA$0.005, or 6.6%, at CA$0.07 on the Canadian Securities Exchange.

$HAMR.CN

Mining & Metals12h ago

A2Gold Says Assay Results From Eastside Project in Nevada Support Mineralization Model

A2Gold (AUAU.V) said Monday that assay results from diamond drilling at the Eastside Gold-Silver Project in Nevada support its emerging model for higher-grade gold mineralization there.The company intersected 141.10 grams per tonne (g/t) gold over 0.9 meters from 75.9 meters downhole at Castle target, which is the highest-grade gold assay reported to date from the Eastside Project, a statement said."These results are important because they begin to change the way we think about Castle," said A2Gold Chief Executive Officer Peter Gianulis."Castle has historically been viewed primarily as a large, near-surface, lower-grade mineralized system. Our current exploration strategy is increasingly focused on identifying the structural controls that may host materially higher-grade gold within that broader system," Gianulis added.A2 shares were last seen down CA$0.005 at CA$0.635, on the TSX Venture Exchange.Price: $0.64, Change: $-0.01, Percent Change: -0.78%

$AUAU.V

Mining & Metals12h ago

Skeleton Coast Uranium to Raise up to CA$5 Million Via Non-Brokered Private Placement

Skeleton Coast Uranium (SKEL.V) plans to raise gross proceeds of up to CA$5 million, by offering up to around 33.3 million units by way of non-brokered private placement at a price of CA$0.15 each, it said Monday.Each unit will be made up of a share and one-half of a two-year warrant, with each whole warrant entitling the holder to buy an additional share at a price of CA$0.20, said the company.The company expects to use the proceeds for continued exploration and development work in Namibia and for general working capital purposes, it added.The offering remains subject to the approval of the TSX Venture Exchange, added Skeleton Coast Uranium.The company's shares were last seen down CA$0.01, or 7.1%, to CA$0.13 on the TSX Venture Exchange.Price: $0.13, Change: $-0.01, Percent Change: -7.14%

$SKEL.V

Mining & Metals12h ago

Cantex Mine Development Raises CA$3.82 Million As It Closes Final Tranche Of Private Placement

Cantex Mine Development (CD.V) closed the final tranche of its private placement offering, raising a total of CA$3.82 million, it said in a statement late Friday.The company issued 200,000 flow-through (FT) shares and 3.3-million hard units at CA$0.25 per unit raising CA$883,350, with each unit comprised of one common share and one-half of a non-flow through two-year warrant. FT shares were issued at CA$0.30 each, with no warrants attached to them, it said.Each whole warrant issued entitled the holder to buy a non-flow through share at CA$0.40 apiece. The company will use proceeds from the final tranche to fund its North Rackla Project in the Yukon and for general working capital needs.Shares of the company were last seen up 1.7% at CA$0.295 on the TSX Venture Exchange.Price: $0.30, Change: $+0.01, Percent Change: +1.72%

$CD.V

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Mining & Metals7h ago

TSX Closer: The Index Closes Higher as Tech, Base Metals and Financials Gain

S&P/TSX CompositeS&P/TSX Composite$CXY