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GFL To Acquire All of Issued and Outstanding Common Shares of SECURE for $24.75 per Common Share

Eco (Atlantic) Oil & Gas Farms Down Namibia Portfolio to BP

Eco (Atlantic) Oil & Gas (EOG.V) on Monday said it has signed an agreement to farm down 60% participating interest in all three of its petroleum exploration licenses offshore Namibia to BP Namibia Energy.Under the agreement, Eco subsidiaries will farm out an aggregate of 60% participating interest and transfer operatorship to BP of Block 2012A PEL97, Blocks 2111B and 2211A PEL99, and blocks 2211B and 2311A PEL100.At deal completion, Eco will retain a 25% interest in PEL97, PEL99 and PEL100. Deal completion is subject to customary conditions and approvals from the Namibian authorities, Ministry of Industries Mines and Energy and Upstream Petroleum Unit at the State House.A one-time cash consideration of US$2.7 million is payable at deal completion.If BP and its partners elect to enter the second renewal period of the license term in 2028 and commit to drilling an exploration well, Eco will have the option to either exercise a put option to transfer an additional 10% participating interest to BP in exchange for a full carry on Eco's remaining 15% participating interest subject to a cap of $21 million net to Eco for each well on each of the licenses; or elect to retain its 25% participating interest of the costs associated with such drilling of a well during the second renewal period.The maximum aggregate carry consideration payable by BP in respect of each put option is $63 million with a cap of $21 million per put option.Eco can elect to retain its 25% paying interest or to farm out to other potential partners.Eco will use deal proceeds to support its ongoing exploration and appraisal activities across its Atlantic Margin portfolio and for general working capital purposes.

$EOG.V

Mining & Metals74d ago

Both Nasdaq 100 Futures S&P Futures Down Near 0.6%

S&P/TSX CompositeS&P/TSX Composite

Mining & Metals74d ago

Montage Gold Says Shareholders and Optionholders of African Gold Voted In Favour of Schemes of Arrangement In Relation to Proposed Transaction Between Them

$MAU.TO

Mining & Metals74d ago

Kolibri Global Energy Providing Operations and Corporate Update

$KEI.TO

Mining & Metals74d ago

Brixton Metals Closes C$4 Million Private Placement Offering

Brixton Metals (BBB.V) late on Friday said it has closed a non-brokered private placement offering of national flow-through shares and critical mineral flow-through shares for combined gross proceeds of C$4.0 million.The offering is composed of 1.1 million national flow through shares at $1.35 apiece and 1.8 million critical mineral flow-through shares at $1.44 apiece.The proceeds from the sale of FT shares will be used to incur "Canadian exploration expenses" and "flow-through mining expenditures" as defined in the Income Tax Act (Canada).The proceeds from the sale of CMFT shares will be used to incur "flow-through critical mineral mining expenditures" as defined in the Act.Exploration expenditures are mainly for exploration and drilling at the company's Thorn copper-gold project in British Columbia and the Langis silver-cobalt project in Ontario.The company also paid $30,000 and issued 20,833 non-transferable common share purchase warrants to an arm's length party who assisted in introducing a subscriber to the offering. Each compensation warrant is exercisable to acquire one common share in the capital of the company at an exercise price of $1.44 until April 10, 2028.

$BBB.V

Mining & Metals74d ago

S&P Futures Down 0.6% As US Threatens To Block Hormuz After Peace Talks With Iran Failed Over the Weekend

S&P/TSX CompositeS&P/TSX Composite

Mining & Metals74d ago

Freegold Advancing Golden Summit Toward Pre-Feasibility and Expands Technical Leadership Team

$FVL.TO

Mining & Metals74d ago

K92 Mining Says Record Lateral Development Now Exceeding Stage 3 Expansion Requirements

$KNT.TO

Mining & Metals74d ago

K92 Mining Announcing Q1 Production Results; 46,743 oz AuEq Produced, in Line With Budget

$KNT.TO

Mining & Metals76d ago

TerraVest Industries Announcing Automatic Purchase Plan For Common Shares

$TVK.TO

Mining & Metals76d ago

Champion Iron Says Completed Acquisition of Norway's Rana Gruber ASA, At a Price of NOK 79 Per Share In Cash

$CIA.TO

Mining & Metals76d ago

Kinross Recommending Shareholders Reject TRC Capital Investment's Below-Market "Mini-tender" Offer For Common Shares

$K.TO

Mining & Metals76d ago

Lithium South Development Closes Sale of NRG Metals Argentina to POSCO

Lithium South Development (LIS.V) on Friday said it completed the sale of its NRG Metals Argentina subsidiary to POSCO Argentina and POSCO Holdings.The company said NRG holds the Hombre Muerto North Lithium property located in Salta Province, Argentina. The transaction was formally closed at a ceremony in Buenos Aires on April 7."Further details regarding the date of the payout of the cash consideration pursuant to the plan of arrangement will be provided in the immediate future," the company said.In a Dec. 8 statement, Lithium South Development said the terms of the sale are a cash price of US$65 million before taxes and other closing costs.The company also said it is seeking approval to delist from the TSX Venture Exchange and OTCQB and to cease being a reporting issuer.The company's shares were last seen unchanged at $0.495 on the Venture Exchange.

$LIS.V

Mining & Metals76d ago

Versamet Royalties Completes Eskay Creek Buy

Versamet Royalties (VMET.TO) said Friday that it has completed the acquisition of a 3.52% gold stream in respect of gold production from the Eskay Creek project from Orion Resource Partners and Blackstone affiliates.A statement noted the company paid US$340 million in cash and issued about 2.05 million shares to the vendors. The cash portion was financed through an expanded credit facility totaling US$400 million, including a US$250 million revolving credit line maturing in March 2029 and a US$150 million term loan maturing in March 2028, according to the statement."Eskay is expected to produce an average of over 300,000 ounces of gold per year in its first 5 years and an average of approximately 230,000 ounces of gold per year over its initial 12 year life," the company said, adding that it will pay 10% of the spot gold price for each ounce it receives under the stream.Price: $16.71, Change: $-0.45, Percent Change: -2.62%

$SKE.TO$VMET.TO

Mining & Metals76d ago

Sailfish Royalty Completes Sale of Subsidiary Terraco Gold to OR Royalties

Sailfish Royalty (FISH.V), down 2.4% on last look, said on Friday that it has completed the sale of its subsidiary Terraco Gold to OR Royalties (OR.TO) for US$168 million in cash.Terraco Gold holds a 3% net smelter return (NSR) royalty on Solidus Resources' Spring Valley gold project and a 2% NSR royalty on Solidus Moonlight property, both in Nevada."The sale of the Spring Valley and Moonlight royalties meaningfully reduces portfolio concentration risk while strengthening our cash position at a time of significant opportunity in the current market. Sailfish intends to redeploy this capital within the mining sector, with a strong focus on precious metals streams and royalties, to support our robust dividend policy," said CEO Paolo Lostritto.Sailfish shares were last seen down $0.09, to $3.63, on the TSX Venture Exchange.Price: $3.63, Change: $-0.09, Percent Change: -2.42%

$FISH.V$OR.TO

Mining & Metals76d ago

Yangarra Resources Announces Board Chair Passing

Yangarra Resources (YGR.TO) on Friday announced the passing of board chair Gordon Bowerman.Bowerman who chaired the Yangarra board since 2001, guided the strategic direction of the company and "contributed significantly to the company's growth, governance, and long-term vision," a statement said.The board of directors has initiated a transition process.Yangarra Resources was last seen up $0.06 to $1.42 on the Toronto Stock Exchange.Price: $1.42, Change: $+0.06, Percent Change: +4.41%

$YGR.TO

Mining & Metals76d ago

RBC on Blackberry Returning to Growth

RBC Capital Markets on Friday said BlackBerry (BB.TO, BB) reported solid fourth-quarter results that beat RBC and consensus estimates.The company's fiscal 2027 revenue guidance also flagged improved growth, above expectations, notes analyst Paul Treiber, who is nevertheless maintaining a sector-perform rating and US$4.50 price target on the stock to reflect compression in software peer valuations.The company is benefitting from increasing uptake of its expanded QNX portfolio: management sees middleware as an emerging opportunity, and initial interest appears positive, with Mercedes-Benz currently in discussions, Treiber notes.Secure Communications also returned to growth with BlackBerry seeing increasing demand from governments related to digital sovereignty.Price: $5.29, Change: $+0.04, Percent Change: +0.76%

$BB$BB.TO

Mining & Metals76d ago

Teako Minerals to Close the Final Tranche of Private Placement of Shares

Teako Minerals (TMIN.CN) on Friday said it plans to the final tranche of a non-brokered private placement of shares ng for the issuance of common shares.The company said it has subscription for 12.27-million shares in the tranche it plans to close on or before April 17, raising C$736,230.The company plans to use proceeds for anticipated exploration activities as well as general working capital purposes.Shares of the company were last seen up $0.005 at $0.055 on the Canadian Securities Exchange.

$TMIN.CN

Mining & Metals76d ago

NexLiving Communities Q4 Funds From Operations Rise 53%

NexLiving Communities (NXLV.V) Friday said fourth-quarter funds from operations (FFO) jumped 53%.The multi-family real-estate company said FFO rose to $2.0 million, or $0.06 per share, from $1.3 million, or $0.04 per share, in the previous corresponding quarter,Net operating income increased 7.4% to $5.3 million, a statement said.NexLiving also said Ahmed Shethwala has been promoted to chief financial officer, effective immediately. Shethwala joined the company in 2022 and has served as vice president, finance since 2024.He succeeds Glenn Holmes, who is retiring from the role.NexLiving shares were last seen up $0.03 to $1.98 on the TSX Venture Exchange.Price: $1.98, Change: $+0.03, Percent Change: +1.54%

$NXLV.V

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