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Questerre Temporarily Shuts Brazil Oil Shale Facility After Pipe Failure

Questerre Energy (QEC.TO) said Friday that its PX Energy oil shale processing facility in southern Brazil has been temporarily shut down following a critical pipe failure in the furnace that supplies heat to the main processing plant.The company said operations personnel initiated the shutdown to prevent further damage to equipment. No injuries were reported and the main processing facility was not damaged.Questerre expects the shutdown to last about three to four weeks, during which the facility will remain offline, resulting in lost production and revenue. The company estimates the direct cost of the corrective work at about C$1.5 million.

$QEC.TO

Mining & Metals7d ago

TSX Closer: Index Ends Lower as Telecom Weakness Offsets Gains in Battery Metals, Energy

The S&P/TSX Composite Index edged lower on Friday as a sharp decline in Telus weighed on telecom stocks, offsetting gains in battery metals and energy shares, while investors digested stronger-than-expected Canadian GDP data and corporate earnings.The index closed down 279.70 points, or 0.8%, at 35,226.14, with mixed sectors. The Battery Metals Index led gainers, up 4%, while energy was up 0.6%. Telecom led decliners, down 3.5%.In commodities, West Texas Intermediate (WTI) crude oil rose on Friday as ongoing tensions in the Middle East and concerns over potential supply disruptions through the Strait of Hormuz supported prices.WTI crude oil contract closed up $1.08, or 1.3%, and settled at $84.67 per barrel, while September Brent oil was last seen up $1.07, or 1.2%, at $90.20 per barrel.Meanwhile, spot gold was last seen down $56.01, or 1.4%, at $4,047.40 per ounce. Comex gold futures for December declined 1.23%, or $51.00, to $4,109.60 per ounce.Canada's real gross domestic product rose 0.3% in May for a second straight month, with preliminary data pointing to a further 0.2% monthly increase in June, Statistics Canada said Friday.May's GDP expansion was higher than a 0.2% monthly advance in a survey compiled by Bloomberg.Goods-producing industries led the growth, expanding 0.6% monthly as most sectors within the category improved. Service industries increased 0.2%, driven mainly by gains in real estate and rental and leasing, along with public administration.Overall, 13 of 20 industries posted increases in May, pointing to a broad-based economic expansion, added StatsCan. With the advance estimate for June, GDP points to a growth of 0.8% in the second quarter of 2026, according to the agency. The gains came after two successive quarters of negative growth for Canada's economy that had been deemed in a technical recession.In stocks, Telus (T.TO) closed down 11.3% at C$13.38 on Friday after reporting its second-quarter adjusted earnings fell 27% to C$0.16 per share.Telus also declared a quarterly dividend of C$0.1875 per share, which it described as a "reset" of 55% to an annualized C$0.75 per share, from the previous C$1.6736 per share. The cut is expected to generate C$2.7 billion in cumulative cash savings through 2028, which will be used to pay down debt.Meanwhile Enbridge (ENB.TO, ENB) closed down C$1.40 at C$76.28 after reporting second-quarter adjusted earnings per share at C$0.63 compared with C$0.65 a year earlier.

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

Mining & Metals7d ago

Sona Nanotech Plans C$2.4 Million Private Placement

Sona Nanotech (SONA.CN) after trade Friday said it plans to raise up to C$2.4 million through a private placement of up to 8-million shares at C$0.30 each."Insiders and certain other existing shareholders of Sona may also subscribe for shares under the financing," it added.Proceeds will be used to advance clinical studies and ongoing research for the company's Targeted Hyperthermia Therapy cancer treatment, as well as for general working capital, Sona said.

$SONA.CN

Mining & Metals7d ago

US Dollar Edges Higher Against The Loonie as Oil Prices Rise

The US dollar strengthened slightly against the Canadian currency Friday afternoon as oil prices rose following reports that Iran attacked two oil tankers as they were passing through the Strait of Hormuz.The tankers were struck while under US military escort, according to Friday reports by The Guardian and CNBC.The US dollar edged up 0.04% to C$1.4018.West Texas Intermediate September futures rose 1.3% to $84.87 per barrel on last look, while US gold futures for December declined 1.4% to $4,102 per ounce.

$CXY$CAD=X

Mining & Metals7d ago

Cavvy Energy Reaches a One-Year Sulphur Forward Price Deal

Cavvy Energy (CVVY.TO) on Friday said it signed a one-year fixed-price sulphur forward deal from Jan. 1, 2027, with its sulphur marketer.The agreement fixed the price of 200,000 tonnes of sulphur sales at $525/tonne before transportation and handling deductions, the company added.The sulphur marketer will also make a $4 million capital contribution to pay for general maintenance and capital expenditures on Cavvy's sulphur processing infrastructure over the term of the agreement.Cavvy said its 2027 sulphur production of over 200,000 tonnes remains exposed to Vancouver FOB spot pricing less deductions.Cavvy Energy shares were last seen up C$0.04, or 2.4%, to C$1.71, on the Toronto Stock Exchange.Price: $1.71, Change: $+0.04, Percent Change: +2.40%

$CVVY.TO

Mining & Metals7d ago

Tiny Further Extends its Issuer Bid

Tiny (TINY.TO) has again extended its issuer bid to Oct. 28, it said after markets closed Thursday.The technology holding company had offered to acquire all of its issued and outstanding 11.00% secured convertible debentures due May 12, 2030 under the issuer bid launched on Feb. 5, said the company."Furthermore, to preserve financing flexibility, the Company is exploring debt financing arrangements to fund the Offer with the goal of further optimizing the Company's cost of capital," added Tiny.The company's shares were last seen down C$0.10 to C$5.93 on the Toronto Stock Exchange.Price: $5.93, Change: $-0.10, Percent Change: -1.66%

$TINY.TO

Mining & Metals7d ago

Tiernan Gold Appoints Pascal Lambert-Paradis as CFO

Tiernan Gold (TNGD.V) appointed Pascal Lambert-Paradis as its Chief Financial Officer, effective Aug. 1, it said in a statement after markets closed on Thursday.Pascal Lambert-Paradis most recently served as director, Financial Planning and Analysis, and Insurance at Pan American Silver (PAAS.TO, PAAS).Tiernan shares last traded Thursday at C$6.33 on the TSX Venture Exchange.

$PAAS.TO$TNGD.V

Mining & Metals7d ago

Update: Telus Q2 Earnings Down 27%, Slashes Dividend by 55%; Shares Down 11%

(Adds share reaction in the final paragraph.)Telus (T.TO) said Friday its second-quarter adjusted earnings fell 27% to C$0.16 per share, from C$0.22 per share. The company also slashed its dividend by 55%.Analysts polled by FactSet had expected earnings of C$0.20 per share.The telecom company said operating revenue for the quarter ended June 30 fell 3% to C$4.93 billion, also missing analysts expectation of C$5.05 billion.Telus declared a quarterly dividend of C$0.1875 per share, which it described as a "reset" of 55% to an annualized C$0.75 per share, from the previous C$1.6736 per share. The cut is expected to generate C$2.7 billion in cumulative cash savings through 2028, which will be used to pay down debt. The dividend reinvestment plan (DRIP) discount will be terminated from Oct. 1, a statement said.Telus is in talks with interested parties regarding its Telus Health-related non-core assets. It is also seeking to sell its non-core real estate assets.The company's shares were last seen down C$1.73, or 11%, to C$13.35 on the Toronto Stock Exchange.Price: $13.40, Change: $-1.69, Percent Change: -11.17%

$T.TO

Mining & Metals7d ago

S&P/TSX Composite Index Lower at Midday With Telecommunications, Led by Telus, The Worst Performer

The S&P/TSX Composite Index fell 112 points at midday on Friday with the telecommunications stocks the worst performer.The telecommunications sector is down 3.1%. Telus (T.TO) shares fell 11% to a near 14-year low of C$13.41, with 28 million shares being traded.The company, which reported a second-quarter earnings miss this morning, also slashed its dividend by 55% and ended its dividend reinvestment plan discount program.The financials and industrials sectors were the outperformers at midday, gaining 0.73% and 0.78%, respectively.In economic news, Canada's gross domestic product grew 0.3% in May, said Statistics Canada on Friday. The manufacturing sector also posted a 0.3% increase, which National Bank economists Matthieu Arseneau and Alexandra Ducharme described in a note as "encouraging given that it follows a 0.7% increase in April." The agency provided a flash estimate pointing to 0.2% growth in June.

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

Mining & Metals7d ago

Reitmans Gets TSXV Approval To Renew Its Normal-Course Issuer Bid

Reitmans (Canada) (RET.V, RET-A.V) received TSX Venture Exchange approval to renew its normal-course issuer bid (NCIB), it said after markets closed Thursday.The clothing retailer may buy back up to 3-million Class A Non-Voting Shares over the 12-month period starting on Aug. 5. The company may not buy back more than 2% of the issued and outstanding Class A Shares at the time of purchase in any 30-day period, it added.Reitmans bought back 414,300 Class A Shares during the 12-month period ended Aug. 4, in its expiring NCIB.The company's shares were last seen up C$0.02, or 1%, to C$2.02 on the Toronto Stock Exchange.

$RET-A.V$RET.V

Mining & Metals7d ago

Replenish Nutrients Appoints Tim Close to Its Board of Directors

Replenish Nutrients Holding (ERTH.CN) appointed Tim Close to its board of directors, effective July 30, it said Friday.Close, who is the chief executive officer of SRC Agrominerals Sales, was appointed to the board through SRC's nominee rights under the investor rights agreement between Replenish and SRC, Replenish Nutrients said.Close was previously the CEO of Ag Growth International (AFN.TO), Replenish added.Replenish's shares were last seen up C$0.03, or 12.5%, at C$0.225 on the Canadian Securities Exchange.Price: $0.23, Change: $+0.03, Percent Change: +12.50%

$AFN.TO$ERTH.CN

Mining & Metals7d ago

Canada Commodities: Oil Higher Despite US Saying Hamas Agrees to Disarm, Israel Yet to Comment

Oil prices nudged higher late morning Friday even as Hamas confirmed US President Donald Trump's announcement that it is willing to disarm but stressed that Israel would have to uphold the truce in Gaza.West Texas Intermediate (WTI) September crude oil futures, the US benchmark, advanced $1.81 to $85.40. Brent crude oil futures, the international benchmark, rose $1.01 to $90.04 a barrel for September.Oil prices have trended higher since the outbreak of the US-Iran war, despite dipping when truce agreements were announced.Reports on Friday noted that details of the proposed disarming remain thin and Israel has reportedly not yet commented on the announcement. Meanwhile, neither Iran nor the US military reported any attacks on Iranian soil overnight.Comex gold futures for December declined 1.6% to $4,094.70 per ounce.Wheat futures (W1) fell 3.6% to $6.40 per bushel, while canola futures (RS1) fell 1% to C$760.50 per tonne.The US Dollar Index (DXY) is up 0.4% to 100.24 late morning.

$CXY

Mining & Metals7d ago

Foraco International Q2 Earnings Falls and Misses Estimates

Foraco International SA (FAR.TO) reported second quarter earnings per share of $0.04, compared with $0.06, a year earlier.Analysts polled by FactSet expected $0.05 per share.Revenue increased to $84.5 million in the three months ended June 30, 2026, compared with $69.1 million, a year-ago. Analysts expected revenue of $79.8 million."While activity levels remained robust through most of our operations, profitability was impacted by a combination of operational challenges on a limited number of contracts in South America and continued inflationary pressure across labor, consumables and key raw materials affecting the entire mining services industry," said Foraco CEO Tim Bremner.Shares of the company were last seen down 3.5% at C$2.22 on the Toronto Stock Exchange.Price: $2.21, Change: $-0.09, Percent Change: -3.91%

$FAR.TO

Mining & Metals7d ago

Hemostemix Raises C$322,250 From Second Tranche of Private Placement

Hemostemix (HEM.V) closed the second tranche of its non-brokered private placement of units, raising gross proceeds of C$322,250, it said after markets closed Thursday.The company issued around 6.4 million units priced at C$0.05 each under the second tranche, said the company.Each unit is 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 C$0.12 apiece, it said. The warrants are subject to an accelerated expiry provision, added Hemostemix.The company has also been granted an extension to Aug. 14 by the TSX Venture Exchange to close the rest of the non brokered private placement of $1 million, added Hemostemix.The company's shares were last seen unchanged at C$0.06 on the TSX Venture Exchange.

$HEM.V

Mining & Metals7d ago

Fairchild Gold Raises C$2.2 Million Via Non-Brokered Private Placement

Fairchild Gold (FAIR.V) closed its non-brokered private placement financing raising C$2.2 million, it said in a statement late Thursday.The Vancouver, BC-based company placed 37.4-million units at C$0.06 apiece. Each unit is comprised of one common share and one common share purchase warrant, with each whole warrant being convertible into an additional common share at C$0.10 for a period of sixty months from the date issued, the mining company said.Proceeds will be used to complete the closing of the Golden Arrow project acquisition in Nevada and for general working capital needs. Three company insiders subscribed for a total of 12-million units under the offering.Shares of the company were last seen unchanged at C$0.05 on the TSX Venture Exchange.

$FAIR.V

Mining & Metals8d ago

Scotiabank Launches "Knowledge Agents" to Help Employees Access Internal Information More Readily

Scotiabank (BNS.TO) said Friday that new "knowledge agents" that simplify employee access to internal sources are now available through Scotia Intelligence.These agents will help employees execute work more efficiently and support them in "higher-judgement" client-facing work, the bank said.More than 71,000 Scotiabank employees have access to Scotia Intelligence capabilities, generating 14 million actions since it launched in March 2026, a statement said. More than 80% of its global workforce and over 90% of directors and above have completed at least one internal AI training course, it added."The next phase of AI is about moving from information access to intelligent action," said Chief Information Officer Tim Clark. "We are simplifying access to information from approved internal sources that allows employees to easily connect information across systems and take action with greater confidence. These capabilities set the foundation for a future where AI will play a more active role in orchestrating workflows, helping our teams work smarter and deliver greater value for clients."Scotiabank shares were last seen up C$0.20, to C$123.30 on the Toronto Stock Exchange.Price: $123.39, Change: $+0.29, Percent Change: +0.23%

$BNS.TO

Mining & Metals8d ago

Discovery Mining Upsizes, Extends Credit Facility

Discovery Mining (DSV.TO) has amended its senior secured revolving credit facility, increasing the value to $400 million from $250 million, the precious metals company said Friday.The maturity date was also extended to July 30, 2030, from Sept. 15, 2028.Discovery said the amended facility provides the company with increased financial flexibility as it advances growth projects, including expansion plans at the Porcupine and Kidd operations in Ontario.Price: $8.77, Change: $-0.35, Percent Change: -3.84%

$DSV.TO

Mining & Metals8d ago

Aegis Brands Second-Quarter Earnings Advance Despite Lower Sales

Aegis Brands (AEG.TO) said Friday its second-quarter adjusted earnings advanced to C$0.02 per share, from C$0.01 per share in the prior year period.Analysts polled by FactSet had expected a loss of C$0.06 per share.System sales fell 2.1% to C$34.6 million year over year, missing the C$35.9 million forecast.St. Louis Bar & Grill system sales for the quarter were down 2.1% to C$34.6 million and same store sales dropped 3.9% compared with the prior year, a statement said. Aegis attributed the lower sales to the timing of the annual Wingsanity promotion which benefited sales in the second quarter of last year. Wingsanity will run in the third quarter. Excluding this, sales remained consistent."Our second quarter results demonstrate the resilience of the St. Louis business and the benefits of the operational initiatives undertaken over the past year," said Board Chair Anthony Longo. "While the timing of our Wingsanity promotion affected year-over-year sales comparisons during the quarter, the underlying business remained healthy, reflected in improved profitability and increased cash generation."Aegis enters the second half of 2026 with a simplified business, focused on strengthening the St. Louis Bar & Grill brand., the company added.Aegis Brand shares last traded on July 29, closing at C$0.26 per share on the Toronto Stock Exchange.

$AEG.TO

Mining & Metals8d ago

Green Thumb's RISE Dispensaries Announces Opening of a Hanover, Pennsylvania, Dispensary

RISE Dispensaries, a cannabis retail chain owned by Green Thumb Industries (GTII.CN), is opening its RISE Dispensary in Hanover, Pennsylvania, it said Friday."We look forward to serving patients throughout York and Adams Counties with our award-winning products, including RYTHM and Good Green, and are proud to support Friends & Neighbors through our First Day Profit program," said Green Thumb Industries' President Anthony Georgiadis.Price: $9.90, Change: $+0.05, Percent Change: +0.51%

$GTII.CN$HMMJ.TO

Mining & Metals8d ago

Happy Belly Food Group to Open New Heal Wellness Location

Happy Belly Food Group (HBFG.CN) will open a new Heal Wellness location in Calgary's Country Hills neighborhood on Saturday.Heal Wellness is a restaurant brand specializing in fresh smoothie bowls, acai bowls, smoothies, and other offerings, Happy Belly said Friday."With 47 locations open after this grand opening, and more than 161 in development, Heal remains a key driver of growth within Happy Belly's broader portfolio of 686 contractually committed retail franchise locations across multiple emerging brands in various stages of development, construction, and operation," Happy Belly Chief Executive Officer Sean Black said.

$HBFG.CN

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Mining & Metals7d ago

TSX Closer: Index Ends Lower as Telecom Weakness Offsets Gains in Battery Metals, Energy

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