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Life & Banc Split Announces Preferred Share Offering

Life & Banc Split (LBS.TO) on Thursday said it raised $76.4 million in an overnight offering of preferred shares.The preferred shares were offered at a price of $10.50 per share to yield 6.9%.Shares of the company closed up $0.05 at $11.84 on Toronto Stock Exchange on Thursday.

$LBS.TO

Mining & Metals62d ago

Cascadia Minerals Completes Private Placement With Agnico Eagle, Other Investors

Cascadia Minerals (CAM.V) on Thursday said it completed a non-brokered private placement with Agnico Eagle Mines (AEM.TO) and other investors, it said Thursday afternoon.The company sold two types of shares. It issued about 19.3-million subscribed units to Agnico Eagle at $0.26 each, raising about $5 million. It also sold 10-million critical minerals flow-through (CFT) units to other investors at $0.384 each, raising about $3.8 million.Proceeds from the sale of the subscribed units will be used for general working capital and to support the Carmacks project, and funds from the sale of the CFT units will be used for Canadian exploration expenses, the company added.After the closing of the offering, Agnico Eagle now owns about 29.3-million Cascadia shares and nearly 14.7 million warrants, for a 14.17% stake in the company.The company's shares closed down $0.02 to $0.32 on the TSX Venture Exchange.Price: $0.32, Change: $-0.02, Percent Change: -5.88%

$AEM.TO$CAM.V

Mining & Metals62d ago

Pulsar Helium Says a Third-Party Circulated False Private Placement Communications

Pulsar Helium (PLSR.V) on Thirsday said it is aware a third-party broker has circulated false communications outlining terms of a purported private placement involving the company.The company said the communications have no basis.Pulsar said it is reviewing its regulatory and legal options to hold the third party responsible for circulating the false information related to a financing.Shares of the company were last seen down $0.07 tot $1.63 on the TSX Venture Exchange.Price: $1.63, Change: $-0.07, Percent Change: -4.12%

$PLSR.V

Mining & Metals62d ago

Maverick Gold and Silver Set to Begin Work on the Jericho Property, Nevada

Maverick Gold and Silver (MAV.CN) is set to begin work on the Jericho Property, located in Lincoln County, Nevada, said the company on Thursday.Contractors have been engaged and an initial work program is set to be initiated on the property, and fieldwork is set to consist of systematic rock sampling throughout the property as well as localized detailed mapping. Work is expected to begin in May, it added.The company recently acquired a large historic dataset for the Jericho property from a third party and is currently incorporating this new data into its growing database for the property, said the company. The new, larger database will then be used to further refine the planned work program, added the company."We are leveraging our growing database on the property in conjunction with a successful recent field visit by the Company's technical team to create a comprehensive phase one work program at Jericho," said Ian Foreman, P.Geo., VP, Exploration of Maverick Gold and Silver. "The objective of the field program will be to confirm and better understand the distribution of the high grade gold and silver results from historic sampling, determine the effect of structure on the thickness of the veins, better understand the differences between the West and East Trends, and to map several important areas of the property."Shares of the company were last seen up $0.005 at $0.11 on the Canadian Securities Exchange.Price: $0.11, Change: $+0.005, Percent Change: +4.8%

$MAV.CN

Mining & Metals62d ago

Chesapeake Gold Receives a U.S. Patent for Enhanced Metal Recovery From Sulphide Ores

Chesapeake Gold (CKG.V) received a U.S. Patent from the U.S. Patent and Trademark Office for its proprietary method of enhanced metal recovery from sulphide ores, it said Thursday.The company has patents issued and pending in the U.S., Canada, Argentina, Australia, Brazil, Chile, Mexico, Peru and Africa."The patent supports our corporate strategy to build shareholder value from the technology, unlocking economic value from refractory sulphide gold and silver projects," said Chief Executive Jean-Paul Tsotsos.Shares of the company were last seen down $0.12 to $3.38 on the TSX Venture Exchange.Price: $3.38, Change: $-0.12, Percent Change: -3.43%

$CKG.V

Mining & Metals62d ago

Update: Gold Steadies Early Along With the Dollar and Yields

(Updates prices.)Gold prices were lower midafternoon on Thursday, remaining rangebound amid concerns high oil prices will push up inflation and force hikes to interest rates.Gold for June delivery was last seen down US$34.00 to US$4,719.00 per ounce.Gold has traded within a US$200 range since the start of the month despite the geopolitical turmoil that followed the Feb.28 start to the war on Iran. While the metal has a reputation as a store of value in turbulent times, traders have instead turned to bonds and the dollar to fend off the threat of higher interest rates as surging oil prices push inflation higher, keeping the metal rangebound."After a deep decline in March, April has been about stabilization for gold. While we get the sense that investors remain tactical, the tone of our conversations has been one of optimism. The all-time highs looked to many in the institutional space as overstretched, speculative, and perhaps overleveraged. After the decline and weakness last month, the view is that gold is closer to its fundamentals (i.e., macro-drivers plus uncertainty) than previously," Christopher Louney, a gold and natural gas strategist at RBC Capital Markets, wrote.The dollar rose, with the ICE dollar index last seen up 0.32 points to 98.91. Treasury yields also rose, with the yield on the U.S. two-year note last seen at 3.848%, up 4.2 basis points, while the 10-year note was paying 4.344%, up 3.7 points.

$GCM6$GLD

Mining & Metals62d ago

BMO Upgrades Chemtrade Logistics Income Fund to Outperform, Keeps Price Target at $18.50

BMO upgraded its rating on the units of Chemtrade Logistics Income Fund (CHE-UN.TO) back to outperform after last week's downgrade, on recent share price declines.Analyst Joel Jackson, who maintained the $18.50 price target, believes the units now price in a "reasonable" bear case outcome at North Vancouver despite scope for the district council and the Fund to reach a compromise over the coming months. Chemtrade reported earlier this month that the council had rejected its rezoning application, which would have allowed significant safety upgrades and continued liquid chlorine production at its North Vancouver facility beyond 2030.Jackson also slightly raised estimates on the upside from stronger caustic and sulphur/acid pricing since the Iran war began."Valuation remains attractive, and index inclusion remains possible," Jackson adds.Price: $16.05, Change: $+0.40, Percent Change: +2.56%

$CHE-UN.TO

Mining & Metals62d ago

Japan Gold Raises US$1 Million as it Closes a Convertible Debenture Financing

Japan Gold (JG.V) on Thursday said it raised US$1 million as it closed a private placement of unsecured convertible debentures to Equinox Partners Investment Management, a strategic investor and major shareholder of the company.The three-year debentures bear interest at a rate of 10% per year, accruing daily but payable, in cash, only at the maturity date, on the occurrence of an event of default or upon an early redemption. The company will have the right, at its option, to make an early redemption in cash of all or any part of the principal amount together with payment of any accrued but unpaid interest.Proceeds will be used for general working capital needs. Equinox holds 90.1-million Japan Gold shares as of the closing date, a 29.34% stake in the company.Shares of the company were last seen up $0.01 at $0.11 on the TSX Venture Exchange.Price: $0.11, Change: $+0.01, Percent Change: +10.00%

$JG.V

Mining & Metals62d ago

CIBC Provides its Q1/26 Auto Preview

CIBC Capital Markets released its "Q1/26 Auto Preview".Auto names have been volatile since the start of the Iran War, which has understandably turned the market's focus back to macro risks," noted CIBC."Shares have begun to price in more optimistic outcomes for the conflict, though we worry this could prove premature," said CIBC.CIBC does not believe the risk lies with Q1 results, which it said, do not appear to have been impacted by the war, and which should reflect industry sales and production that fell largely in line with expectations, it noted.CIBC does not expect the suppliers to change guidance with Q1 reporting, but noted "the longer the war endures, the greater the risks become"."We continue to view valuations as undemanding, but macro events will likely continue to create near-term volatility, and we acknowledge elevated risks that lower visibility," said CIBC.Resolutions to the Iran War and USMCA negotiations are "key catalysts for the sector", and would help return attention to positive fundamental developments, added CIBC.CIBC's estimates, ratings and price targets are unchanged, and it said that Linamar (LNR.TO) remains its "top autos pick".Price: $23.28, Change: $+0.25, Percent Change: +1.09%

$ACQ.TO$LNR.TO$MG.TO$MRE.TO

Mining & Metals62d ago

AtkinsRealis' Acquisition of WGA "Positive", Says Stifel Canada

Stifel Canada views AtkinsRealis Group's (ATRL.TO) acquisition of privately held WGA, an 800-person engineering consultancy based in Australia and New Zealand, positively.In a note, analyst Ian Gillies, who has raised AtkinsRealis' price target by $1.00 to $115.00 and maintained a buy rating on the shares, said the WGA acquisition is estimated to increase the company's 2026E/2027E EBITDA by 1.2% and 1.7%, respectively.Gillies estimates the acquisition cost to be approximately $261 million at a transaction multiple of 10.0x EV/EBITDA. "Importantly, the company has over $3.2 billion of internal dry powder, which will continue to drive active M&A executions."Price: $91.17, Change: $-0.51, Percent Change: -0.56%

$ATRL.TO

Mining & Metals62d ago

CIBC Confirms Outperformer Rating and Target of US$28 on Docebo After Inspire 2026 Conference

CIBC Capital Markets maintained its outperformer rating and price target of US$28.00 on the shares of Docebo (DCBO.TO, DCBO) following the company's annual Inspire user conference in Miami.The bank noted the company preannounced "stronger-than-expected" preliminary first-quarter expectations, raised 2026 guidance, and announced several enhancements to the core platform and a number of AI-enabled product releases at the conference. The increase in outlook, the bank believes, is directly attributed to strength in the underlying enterprise business and includes two more-than $1 million enterprise expansion deals signed in Q1."Overall we came away from the conference increasingly confident in F2026 (increased) guidance, supported by solid underlying ARR growth and a refreshed go-to-market and product strategy that refocuses on enterprise and consistent platform improvement," said analyst Erin Kyle. "We continue to view shares as attractively valued, trading at 7.3x 2027E EV/EBITDA and 1.6x 2027E EV/Sales which is a discount to small-cap SaaS peers at ~8x and ~2x, respectively."CIBC expects double-digit growth in annual recurring revenue (ARR) to continue to be supported by growth in the underlying business, with a gradually declining impact from Dayforce churn offset by high double-digit ARR growth from the 365Talents business, as the year progresses. It revised its estimates to reflect stronger-than-expected Q1 results and raised full-year guidance for consolidated revenue, subscription revenue and adjusted EBITDA.For fiscal 2026, CIBC forecast subscription revenue growth of 11% and adjusted EBITDA margins of 20.3% for the full year. It also increased its adjusted EBITDA estimate for fiscal 2027 and now model margins of 22.2%."We expect margin expansion should be supported by continued operating leverage in G&A and S&M as the company leverages AI internally," added Kyle.Price: $24.24, Change: $-2.00, Percent Change: -7.62%

$DCBO$DCBO.TO

Mining & Metals62d ago

Hemlo Mining Begins Trading on the OTCQX Best Market in the United States

Hemlo Mining (HMMC.V) is now trading on the OTCQX Best Market, under the symbol "HMMCF", the company said on Thursday.The company's shares will also continue to trade on the TSX Venture Exchange."Trading on the OTCQX is an important step in our commitment to broadening access to Hemlo's common shares for investors in the United States and globally," said chief executive Jason Kosec. "It will provide a convenient way for U.S. investors to trade our shares on a U.S. market and in U.S. dollars. Since completing the acquisition of the Hemlo Gold Mine, we have moved with purpose to establish our company as a leading Canadian mid-tier gold producer. Our planned progression from the TSX-V to the TSX, and the commencement of trading on the OTCQX, reflects our confidence in the asset, the strength of our team, and our ambition to reach the widest possible audience of institutional and retail investors."The company's shares were last seen down $0.07 at $6.28 on the TSX Venture Exchange.Price: $6.28, Change: $-0.07, Percent Change: -1.10%

$HMMC.V

Mining & Metals62d ago

TSX up 6 Points at Midday, But With Most Sectors Lower

The Toronto Stock Exchange is up 6 points at midday, with most sectors lower.The biggest decliners are healthcare (-5.0%) likely on some profit taking, and info tech, down 3.5%.Industrials and utilities, up 2.2% and 1.4% respectively, are the best performers.The U.S. Department of Justice has officially reclassified cannabis as less dangerous, moving licensed medical marijuana from Schedule I - which includes the most restricted drugs such as heroin and ecstasy - to Schedule III, the same category as some prescription medicines.Reuters reports that cannabis firms will no longer be subject to Section 280E, a provision of the U.S. federal tax that prevents businesses dealing in Schedule I- and II-controlled substances from claiming tax credits and deductions for business expenses.For its part, Tilray Brands (TLRY.TO), down 5.3%, says it is "positioned" for expansion in the U.S. as federal policy opens the door to rescheduling of cannabis from Schedule I to Schedule III.

S&P/TSX CompositeS&P/TSX Composite$TLRY.TO

Mining & Metals62d ago

BMO Initiates Coverage of Meridian Mining with an Outperform Rating, C$3.00 Price Target

BMO Capital Markets on Thursday initiated coverage of Meridian Mining (MNO.TO) with an outperform rating and C$3.00 price target.Meridian's Cabacal gold-copper deposit in Brazil stands out as a low-capex, low-complexity, and low-risk project, BMO said.The past-producing mine represents the flagship asset for Meridian and is central to other targets along the Cabacal belt, giving Meridian the opportunity to develop additional assets within the land package, BMO added.Construction is expected to commence in the second quarter of 2027, and Meridian's management is advancing permitting, engineering, and financing milestones, according to BMO.Price: $1.84, Change: $-0.01, Percent Change: -0.54%

$MNO.TO

Mining & Metals62d ago

CIBC Lowers Transat Price Target to $2.00, Keeps Underperform Rating

CIBC Capital Markets trimmed its price target on the shares of Transat A.T (TRZ.TO) by $0.20 to $2.00 and maintained its underperform rating after the air carrier reduced its May-October program due to fuel price volatility and regional supply constraints.The changes imply a ~6% reduction in planned available seat miles (ASMs), driven primarily by frequency adjustments on certain Europe and Caribbean routes, CIBC notes, adding that Transat has also extended its Cuba suspension to October."While TRZ does have a fuel hedging policy in place (with more than half of Q2/F26 fuel consumption currently hedged and some additional coverage extending into the summer period), this provides only partial near-term insulation given the magnitude of recent fuel price volatility."Transat's more limited ability to redeploy capacity to other markets given its network reach and greater exposure to price-sensitive leisure demand, may constrain fare recovery when compared with mainline carriers, CIBC adds.Price: $2.65, Change: $-0.03, Percent Change: -1.12%

$TRZ.TO

Mining & Metals62d ago

Onyx Gold Expands Munro-Croesus Drill Program to 110,000 Meters And Adds Fourth Drill Rig

Onyx Gold (ONYX.V) expanded its 2026 exploration program at its Munro-Croesus project in northern Ontario, from 75,000 meters (m) to 110,000m and added a fourth drill rig, it said Thursday.The expanded program is designed to both accelerate growth of the Argus Zones and systematically test multiple high-priority targets along the underexplored Pipestone Fault and across the broader Munro-Croesus property, the company added. Of the 110,000m drill program, more than 50,000m has been completed to date.Argus Zones remain open in all directions, with mineralization projecting toward surface in multiple areas. Ongoing work continues to define "key structural and stratigraphic controls" to the gold mineralization with potentially significant exploration implications along the 8 km of strike length of the Pipestone Fault that Onyx controls, and across the greater property, the company said."Importantly, we are beginning to see a repeatable structural framework emerge across the Argus Zones and along the Pipestone Fault, which we believe will significantly improve our ability to systematically target higher-grade mineralization within a broader gold system," said Chief Executive Brock Colterjohn. "With a fully funded program, strong ongoing news flow, and multiple catalysts ahead, we believe Munro-Croesus is evolving into one of the most compelling discovery stories in the Timmins camp."Shares of the company were last seen up$0.01 to $1.15 on the TSX Venture Exchange.Price: $1.15, Change: $+0.01, Percent Change: +0.88%

$ONYX.V

Mining & Metals62d ago

Hydaway Digital Completes Integration of Cardlogx AI Card Detection System onto Hydaway GPU Infrastructure

Hydaway Digital (HIDE.V) completed the integration of Cardlogx's AI-powered card detection and image analysis system onto Hydaway's GPU infrastructure, the company said on Thursday.The integration enables Cardlogx to "leverage Hydaway's high-performance compute capacity" to scan, detect, and analyze card imagery in fractions of a second, "a significant performance advancement made possible by the raw processing power of Hydaway's GPU platform", said the company."This integration is another demonstration of what Hydaway's compute infrastructure makes possible," said chief executive Karl Kottmeier. "With Cardlogx now live on our compute platform, we have a clear template for onboarding enterprise clients with demanding real-time workloads. Our focus from here is commercial expansion - putting Hydaway's infrastructure in front of the partners who need performance at this scale."The company's shares were last seen down $0.04, or 6.7%, at $0.55 on the TSX Venture Exchange.Price: $0.55, Change: $-0.04, Percent Change: -6.78%

$HIDE.V

Mining & Metals62d ago

RBC Keeps Waste Connections' Outperform Rating, US$210 Price Target

RBC Capital Markets on Wednesday maintained its outperform rating on the shares of Waste Connections (WCN.TO, WCN) and its US$210 price target following the waste-management company's first-quarter results.Waste Connections' first-quarter adjusted EBITDA of $769.5 million and adjusted earnings per share beat RBC's estimates, while its revenue of $2.37 billion was in line with RBC's forecast.RBC believes there is upside to the company's 2026 guidance from M&A, an improvement in the macro backdrop, and more supportive commodity pricing."Q1 results continued to reflect similar trends we have been observing in recent quarters, namely softer volumes and commodity prices being offset by underlying margin expansion," RBC said.Price: $229.57, Change: $+15.86, Percent Change: +7.42%

$WCN$WCN.TO

Mining & Metals62d ago

Canadian Airline Scheduling "Largely" Intact For Now, Says Stifel Canada

U.S. airlines are starting to curtail off-peak capacity, but Canadian scheduling appears largely intact for now, writes Stifel Canada analyst Daryl Young.In a note, Young says Canadian airlines are still planning strong growth through peak summer. Scheduled capacity increases in the second quarter are led by the Pacific (+9.0%) and Atlantic (+4.7%), partially offset by ongoing weakness in U.S. Transborder (-10.1%).Air Canada (AC.TO) (+2.4%) and Porter (+8.6%) have maintained growth in the second quarter and onward, but WestJet (-1.9%) and Flair (-2.9%) have curtailed capacity, he points out."To date, indications are that demand has remained healthy and is effectively absorbing fuel price surcharges/higher airfares . . ., but the longer fuel prices remain elevated the greater the potential for demand destruction."Stifel Canada has a buy rating and $28.00 price target on Air Canada.Price: $18.38, Change: $+0.09, Percent Change: +0.49%

$AC.TO

Mining & Metals62d ago

CIBC Names Keyera, Pembina as Top Energy Infrastructure Picks Ahead of Q1 Earnings Season

CIBC Capital Markets on Wednesday named Keyera (KEY.TO) and Pembina Pipeline (PPL.TO) as its top energy infrastructure picks heading into the first-quarter earnings season.Keyera has unrealized value in the pending acquisition of Plains' natural gas liquids assets, although the timing is more likely at quarter-end, CIBC said.Pembina also offers upside tied to the Greenlight Electricity Centre project, as well as a potential increase in marketing guidance, CIBC said.Pembina also has the strongest potential to increase marketing guidance, although historically it has been reluctant to do so early in the year, CIBC added."More broadly, we believe the constant macro news flow may create trading opportunities for investors who are nimble and able to tolerate the associated portfolio turnover," CIBC said.CIBC upgraded TC Energy's (TRP.TO) rating to outperformer from neutral while raising the price target to $89.00 from $85.00, reflecting higher expected returns from recent projects, with the increased return profile driving the rating change.CIBC also increased AltaGas (ALA.TO)'s price target to $51.00 from $50.00 on a stronger liquefied petroleum gas outlook.Superior Plus (SPB.TO)'s rating also moved to outperformer from neutral following its data center announcement for its Certarus unit.Price: $48.92, Change: $+0.71, Percent Change: +1.47%

$ALA.TO$KEY.TO$PPL.TO$SPB.TO$TRP.TO

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Mining & Metals62d ago

CIBC Confirms Outperformer Rating and Target of US$28 on Docebo After Inspire 2026 Conference

$DCBO$DCBO.TO