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NovaRed Mining Expands Wilmac Copper-Gold Project With Option of Trojan-Condor Corridor

NovaRed Mining (NRED.CN) entered into a property option amending agreement, whereby it may buy a 70% interest in an additional five mineral tenures comprising about 4,573.82 hectares, known collectively as the Trojan-Condor Corridor, it said Friday.These additional claims are adjacent to the nine claims that comprise NovaRed's existing Wilmac Copper-Gold project and expand the project size to a total of 16,077.76 hectares, it added. The company must pay the optionor $100,000 and issue 3-million units in its capital to the optionor upon Canadian Securities Exchange (CSE) acceptance for filing.Each unit will consist of one common share and a two-year transferable share purchase warrant entitling the optionor to buy a share for $1.80. The company must pay an additional $150,000 to the optionor by March 31, 2027, and fund $8.5 million in exploration expenditures on the claims, including $1.5 million in stages in 2026, in order to exercise the option.The 70% interest in the claims that NovaRed may buy pursuant to the option is subject to a 2% net smelter returns royalty (NSR), the company said. It may buy one-half of the NSR for a one-time payment of $2 million.Upon the exercise of the option, the company must pay the optionor an annual advance royalty payment of $100,000 per year so long as the company retains its interest in the property."Our priority is to integrate the historical IP, magnetics, soils, and drill data with our 2026 geophysical program at Wilmac and define the most compelling drill targets across the consolidated Project," said NovaRed Mining Chief Executive Brian Goss.Shares of the company closed unchanged at $1.8 on Thursday on the CSE.

$NRED.CN

Mining & Metals55d ago

Allied Properties REIT Keeps Neutral Rating, Price Target Eased To C$10.50 from $11 at CIBC As "Banking On The Back Half"

$AP-UN.TO

Mining & Metals55d ago

Queen's Road Capital Up 3.4% As Completes Upsized C$33.8M Private Placement

Queen's Road Capital Investment (QRC.TO) completed its upsized private placement for gross proceeds of C$33.8 million, the company said on Friday.This comes after the placement was upsized to more than 2.18 million shares at a price of C$15.50 each, it added.Proceeds will be used to fund additional investments in accordance with the company's investment policy, said the company."Queen's Road Capital welcomes several new shareholders to our register including two major Canadian institutional investors, one U.K.-based major institution and two Hong Kong-based family offices," said Warren Gilman, Chairman and Chief Executive Officer.Price: $15.94, Change: $+0.53, Percent Change: +3.44%

$QRC.TO

Mining & Metals55d ago

TSX Had First Win In Six Sessions on Thursday

S&P/TSX CompositeS&P/TSX Composite

Mining & Metals55d ago

TSX Now Down Near 35 Pts, Was Down Double That In Early Moments of Friday Trade

S&P/TSX CompositeS&P/TSX Composite

Mining & Metals55d ago

Nasdaq-listed Datavault AI Buying CyberCatch Holdings in C$136.8 Million Deal

Cybersecurity company CyberCatch Holdings (CYBE.V) entered into a binding letter of intent that will see Nasdaq-listed Datavault AI buy it in a deal valued at C$136.8 million, the company said Friday.Under the terms, Datavault AI will acquire 100% of CyberCatch's issued and outstanding common shares in exchange for about 49.9 million newly issued shares of Datavault AI common stock at C$5.11 per CyberCatch share.All issued and outstanding CyberCatch securities convertible into or exercisable for CyberCatch common shares will be exchanged for Datavault AI shares at a deemed value of US$2.00 per Datavault AI share.Upon closing, Datavault AI stockholders will hold approximately 92.48% of Datavault AI while CyberCatch shareholders will hold 7.52%, on a non-fully diluted basis.CyberCatch is expected to operate as a subsidiary of Datavault AI. CyberCatch founder, Chairman, and Chief Executive Officer Sai Huda will serve as president of the subsidiary, reporting to Nathaniel Bradley, CEO of Datavault AI.The deal is expected to position Datavault AI to bring CyberCatch's AI-enabled cyber risk mitigation solution into Datavault AI's SanQtum-secured edge Graphics Processing Unit ecosystem. This would address a global information security market projected to reach US$240 billion in 2026, the companies said.

$CYBE.V$DVLT

Mining & Metals55d ago

InPlay Oil Confirms Monthly Dividend for May 2026

InPlay Oil's (IPO.TO) board of directors declared a monthly cash dividend of $0.09 per common share, unchanged from the prior month.It is payable on May 29, 2026, to shareholders of record at the close of business on May 15.

$IPO.TO

Mining & Metals55d ago

BeMetals Resumes Trading on TSXV; To Launch 1-For-10 Reverse Stock Split

BeMetals' (BMET.V) common shares will resume trading on the TSX Venture Exchange (TSXV), effective at the open of market on May 5, it said Friday.The company also received approval from the TSXV to consolidate its outstanding common shares on the basis of one new common share for every 10 common shares. The reverse stock split will take effect at the start of trading on May 8.The 294.4-million common shares issued and outstanding prior to the consolidation will be reduced to about 29.4-million common shares, the company said. It expects to send letters of transmittal to registered holders of its common shares for use in transmitting their existing share certificates to its registrar and transfer agent in exchange for new certificates representing the number of post-consolidation common shares to which each shareholder is entitled.The company's shares last traded Apr. 15, closing at $0.06 on the TSXV.

$BMET.V

Mining & Metals55d ago

Nova Leap Health Acquires Nova Scotia-based Parkwood Home Care

Nova Leap Health (NLH.V) subsidiary Earth Angels has acquired Parkwood Home Care, which has operations in Nova Scotia, for $3.5 million, the company said on Friday.Nova Leap will pay $3.2 million in cash, along with a $300,000 promissory note over a three-year period, a statement said.The cash on closing was funded by way of a $2.2 million draw on Nova Leap's acquisition debt facility and by $1 million of cash on hand. The new debt is repayable over a five-year term. The company said it still has access to up to US$3.05 million in available credit.Parkwood reported unaudited revenue of $3.8 million and adjusted EBITDA of $785,000 for its 2025 fiscal year."Our Nova Scotia operations were Nova Leap's fastest growing geography and delivered record results in 2025," said chief executive Chris Dobbin. "The acquisition of Parkwood by Earth Angels represents a logical next step in building further density in a market we know well. It enhances our ability to scale efficiently, deepens our presence in the province and expands our role across the continuum of care, positioning our Nova Scotia platform for sustained growth."Nova Leap shares closed unchanged at $0.37 on Thursday on the TSX Venture Exchange.

$NLH.V

Mining & Metals55d ago

Imperial Oil's Q1 Net Income Falls YoY

Imperial Oil's (IMO.TO) net income dropped year over year in the first quarter, the company said Friday.Imperial Oil booked a net income of C$940 million, or $1.94 per share, falling from $1.29 billion, or $2.52 per share, in the year-ago period.Analysts expected Imperial Oil's earnings at $2.30 per share, according to FactSet.Revenue slipped to $12.45 billion from $12.52 billion while expenses increased to $11.21 billion from $10.83 billion.Upstream production stood at 419,000 gross oil-equivalent barrels per day in the first quarter, rising from 418,000 gross oil-equivalent barrels per day in the year-ago period."Against a backdrop of significant volatility in global commodity markets, we remain committed to our long-standing corporate strategy of maximizing the value of our existing assets while progressing advantaged growth opportunities," Chairman, President and Chief Executive Officer John Whelan said.Imperial Oil declared a dividend of $0.87 per share for the second quarter, unchanged from the first quarter. The dividend is payable July 1 to shareholders of record as of June 4.The company plans to renew its normal course issuer bid in June.

$IMO.TO

Mining & Metals55d ago

Real Matters Swings to Consolidated Net Income in Q2, Consolidated Net Revenue Rises

Real Matters (REAL.TO) swung to consolidated net income in the second quarter, while consolidated net revenue rose, the company said on Friday.For the second quarter, the company posted consolidated net income of US$1.2 million, compared to consolidated net loss of $2.2 million in the corresponding year-ago quarter.It posted second quarter adjusted net income per diluted share of $0.01 per share, compared to adjusted net loss per diluted share of $0.02 per share in the year-ago quarter. The consensus estimates compiled by FactSet for Non GAAP EPS was nil.Second quarter consolidated net revenue was $13.6 million, compared to $10.1 million in the year-ago quarter. The consensus estimates compiled by FactSet for sales was $12.7 million.For the second quarter, consolidated revenue was $47.2 million, compared to $37.3 million in the year-ago quarter."U.S. Appraisal revenues were up 26% and Adjusted EBITDA was up 41%. Our U.S. Title segment delivered exceptional year-over-year growth in the second quarter, with revenues up 127% and Net Revenue increasing 176%, driven by new client wins, market share gains, and improved refinance market conditions," said Real Matters Chief Executive Officer Brian Lang.

$REAL.TO

Mining & Metals55d ago

Abasca Resources Closes $2.5 Million Private Placement

Abasca Resources (ABA.V) raised $2.3 million after closing a private placement, the company said Friday.The offering comprises 9 million flow-through common shares priced at $0.25 apiece and 1,250,000 non-flow-through common shares priced at $0.20 each.Abasca plans to use the proceeds to incur Canadian exploration expenses, as well as for general and administrative expenses.The company owns the Key Lake South project, which hosts the Loki Flake graphite deposit, in Saskatchewan.

$ABA.V

Mining & Metals55d ago

Anteros Metals Raises $1 Million Via Private Placement Financing

Anteros Metals (ANT.CN) closed its non-brokered private placement financing raising proceeds of $1 million, it said Friday.The company said the offering consisted of the issuance of 6.6-million flow-through units (FT unit) at $0.065 apiece, and 11.7-million hard dollar units at $0.05 per unit.Each FT unit was comprised of one common share, issued on a flow-through basis and one-half of one whole common share purchase warrant, issued on a non-flow-through basis with each warrant entitling the holder to buy a share for $0.10 for a two-year period from the date of issuance, subject to certain terms. The FT shares will qualify as "flow-through shares".Each unit was comprised of one common share and one-half of one whole warrant. Proceeds from the sale of the units will be used for general working capital needs and proceeds of the offering received from the sale of the FT shares will be used to incur "Canadian exploration expenses" that will qualify as "flow-through critical mineral mining expenditures".Shares of the company closed down 5.4% to $0.175 on Thursday on the Canadian Securities Exchange.

$ANT.CN

Mining & Metals55d ago

Paramount Resources to Pay Monthly Dividend on May 29

Paramount Resources (POU.TO) will pay a cash dividend of $0.05 per share on May 29, to shareholders of record on May 15, the company said on Friday.The regular monthly dividend is unchanged.Paramount shares closed up $0.25, to $30.74, on the Toronto Stock Exchange.

$POU.TO

Mining & Metals55d ago

Imperial Oil Declares Q2 Dividend of $0.87 Per Share; Unchanged From Q1

$IMO.TO

Mining & Metals55d ago

Imperial Oil Intends to Renew NCIB in June 2026

$IMO.TO

Mining & Metals55d ago

Imperial Oil Q1 Net income Per Common Share, Assuming Dilution $1.94

$IMO.TO

Mining & Metals55d ago

Imperial Oil Q1 Net Income of $940M

$IMO.TO

Mining & Metals55d ago

Endeavour Mining Keeps Outperform, Target Up To C$116 From $115 at National Bank After Ests Revision; Bk Says "Strong Capital Returns Expected to Continue"

$EDV.TO

Mining & Metals55d ago

Mountain Province Diamonds Extends Maturity on Credit Facility, Books Higher Q1 Production YoY

Mountain Province Diamonds (MPVD.TO) has extended the maturity date on its term loan and the principal repayment date under a working capital facility, the company said Friday.Under a fourth amending agreement with Dunebridge Worldwide, the maturity date on the US$40 million term loan facility and the date for repayment of the principal amount of the US$33 million working capital facility was moved to June 30 from April 30.Mountain Province has also sold US$999,999 of proceeds from the sale of its share of diamonds from the Gahcho Kue mine in the Northwest Territories for US$833,000.The funds will provide Mountain Province with the operating capital needed to continue operations in the near term as it reviews strategic alternatives.Separately, Mountain Province reported overnight Thursday a year-over-year increase in diamond production for the first quarter.The company recovered 2.0 million carats of diamond, up 163% from 762,978 carats produced a year ago.Sales in the first quarter totaled 858,173 carats valued at C$40 million for an average of C$47 per carat. In the year-ago period, the company recorded sales of 426,268 carats for C$44 million, averaging C$103 per carat."The diamond market continues to be adversely affected by geopolitical uncertainty, including concerns surrounding US tariffs and the ongoing conflict in the Middle East," President and Chief Executive Officer Jonathan Comerford said."As previously reported, we continue to engage constructively with all stakeholders to navigate this particularly challenging period for the market, which is currently overshadowing a very strong operational performance in terms of carats recovered," Comerford said.Meanwhile, Jeff Swinoga stepped down from the board due to his involvement in several other board positions.

$MPVD.TO

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