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Morocco Strategic Minerals Raises $7.5 Million Via Private Placement

Morocco Strategic Minerals (MCC.V) closed its previously announced non-brokered private placement, raising total proceeds of $7.5 million.The company issued 50.1-million units at $0.15 apiece, as part of the offering. Each unit consists of one common share and one half of one common share purchase warrant with each warrant entitling its holder to buy a share for $0.25 until May 4, 2028.Proceeds will be used to fund the acquisition and development of mining assets in Morocco, and for the company's general and corporate working capital needs. Insiders have participated in the private placement and were issued a total of 1.2-million units, for $186,500.Shares of the company were last seen unchanged at $0.175 on the TSX Venture Exchange.

$MCC.V

Mining & Metals4d ago

RBC Keeps Canadian Natural Resources' Outperform Rating, C$80 Price Target

RBC Capital Markets on Monday retained Canadian Natural Resources' (CNQ.TO) outperform rating and C$80 price target ahead of the release of the company's first-quarter results.RBC expects CNQ to book operating earnings of $0.83 per share, compared to the Street forecast of $1.04.RBC estimated CNQ's production at 1.6 million barrels of oil equivalent per day, in line with the Street forecast.RBC's capital expenditure estimate of $1.50 billion was also in line with the Street projection of $1.45 billion.CNQ is RBC's favorite senior producer and is part of RBC's Global Energy Best Ideas list.CNQ traded at $65.24 per share at last look Tuesday on the Toronto Stock Exchange.Price: $64.88, Change: $+0.13, Percent Change: +0.20%

$CNQ.TO

Mining & Metals4d ago

Keyera's Purchase of Plains All American's Natural Gas Liquids Assets Challenged by the Competition Bureau

Keyera (KEY.TO) faces official pushback on its $5.15-billion acquisition of Plains All American Pipeline's (PAA) Canadian natural gas liquids assets as the Competition Bureau on Tuesday said it filed an application with the Competition Tribunal challenging the deal.The bureau said in a release it believes "the proposed transaction is likely to harm competition in natural gas liquids processing and storage, particularly at Fort Saskatchewan, Alberta, Canada's primary hub for these services".The bureau said the referral to the Tribunal follows on an investigation that concluded the acquisition would eliminate a close competitor in the Fort Saskatchewan market and increase market concentration. It also said the merged company would have the "ability to increase prices, impose less favourable contract terms, reduce incentives to expand capacity, and further entrench control over critical infrastructure".When it first announced the acquisition in July of last year, Keyera said the purchase would add natural-gas liquids fractionation and processing facilities, as well as 23-million barrel of oil storage, 1,500 miles of pipelines and terminal infrastructure in Western Canada and Ontario.Keyera could not be immediately reached for comment.Keyera were last seen down $3.50 to $49.47 on the Toronto Stock Exchange.Price: $50.09, Change: $-2.88, Percent Change: -5.44%

$KEY.TO$PAA

Mining & Metals4d ago

BIGG Digital Assets Unit Partners With Talos to Power Institutional-Grade Trading Capabilities

BIGG Digital Assets (BIGG.V) announced the go-live of the Talos trading platform at Netcoins, a unit of the company, on Tuesday.The integration with Talos enables Netcoins to elevate its trading capabilities, expand its product offering, and deliver improved execution quality to its clients, it said."Access to institutional-grade execution, liquidity aggregation, and robust order management allows us to enhance execution quality while strengthening our compliance framework," said Netcoins Chief Operating Officer Kim Dwyer. "Just as importantly, it gives us the foundation to expand our product offering and serve a broader range of clients with more sophisticated trading needs."Shares of the company were last seen up 7.1% at $0.075 on the TSX Venture Exchange.

$BIGG.V

Mining & Metals4d ago

Bravo Mining Up 1.4% As Provides Latest Assays from Luanga Project in Brazil

Bravo Mining (BRVO.V) reported Tuesday assays from eight drill holes in the Central sector and newly tested Crescent zone at the Luanga palladium-platinum-rhodium-gold-nickel deposit in Brazil.Highlights include 70 meters at 1.9 grams per tonne platinum group metals and gold (PGM+Au) plus 0.28% nickel, including 20 m at 3.6 g/t PGM+Au plus 0.40% nickel, as well as 19 m at 3.2 g/t PGM+Au, and 8 m at 1.94% copper plus 0.6 g/t PGM+Au.The results continue to demonstrate potential to expand and upgrade Luanga's mineral resource, Bravo said, adding it has completed 400 drill holes to date, with results reported for 355 drill holes to date. Assays are pending for 37 holes."Infill drilling is consistently intercepting thicknesses and grades often comparable to, or exceeding results from, earlier drilling. Drill sections in this news release also demonstrate that grades continue to be consistent, with excellent continuity from hole to hole and section to section," said Luis Azevedo, Chairman and CEO. "We are also encouraged with positive results from the new Crescent Zone, a regional target outside Luanga's three main PGM sectors. The Crescent Zone was delineated through reinterpretation and relogging triggered by the completion of the 2025 geophysical surveys. We've also intercepted another encouraging copper occurrence (DDH26LU307) at the eastern end of the Crescent Zone that warrants further investigation."Shares in BRVO were up 1.4% in Canada at last look.Price: $3.55, Change: $+0.05, Percent Change: +1.43%

$BRVO.V

Mining & Metals4d ago

TSX Now Up Nearer 30 Pts, Having Been Up By More Than 110 Pts In Early Tuesday Trade; Follows 7 Losses In Last 8 Sessions

$^GSPTSE$.GSPTSE$$CXY

Mining & Metals4d ago

MDA Space Up 1.15% In US Premarket As Secures 41 Early Customer Contracts and Letters of Interest for MDA CHORUS Data

MDA Space (MDA.TO, MDA) has finalized nine early customer contracts for MDA CHORUS data, its next-generation Earth observation constellation expected to launch in late 2026, it said on Tuesday at the GEOINT Symposium.The company has also received 32 letters of interest from customers across Asia-Pacific, Latin America, Europe, North America and the Middle East, it added."Demand for Earth observation data and imagery is driving increased engagement with customers globally who are looking for dependable and near real-time access to detect activity, protect critical environments, and support national security priorities," said MDA Space Chief Executive Mike Greenley. "MDA CHORUS is ideally positioned to meet that demand."Designed to deliver EO data day or night and in all-weather conditions, MDA CHORUS will support "more frequent imaging opportunities, faster delivery of insights, and advanced applications such as near real-time exploitation and insights", the company said. "Once operational, the collaborative multi-sensor satellite constellation will provide one of the most extensive radar imaging capacity available on the market in one system, ranging from broad area coverage with a 700 km-wide swath to sub-metre very high-resolution spotlight images," it added.U.S.-listed shares of the company were last seen up 4.6% at US$32.35 in pre-market trading.

$MDA.TO

Mining & Metals4d ago

White Gold Launches Spinout of Subsidiary W2 Critical Minerals

White Gold (WGO.V) has launched a previously flagged spinout of subsidiary W2 Critical Minerals Corp., the company said Tuesday.The spinout is designed to unlock the value of White Gold's non-gold project portfolio by transferring its copper, molybdenum, tungsten and other critical mineral assets in Yukon into a standalone company."By creating this dedicated critical minerals company, we believe we are enhancing shareholder value and also advancing opportunities that are increasingly central to Canada's long-term economic and supply chain strategies," White Gold Chief Executive Officer David D'Onofrio said.Under terms, White Gold shareholders will receive one share of W2 for every five White Gold shares held. W2 intends to complete a private placement financing to raise up to C$5 million, with White Gold retaining a 19.9% stake.W2 shares will be listed on the TSX Venture Exchange. The spinout company's portfolio will include six properties representing about 15% of White Gold's current claims.White Gold will continue to advance its flagship White Gold project.Shares in WGO were down $0.06 or 3.3% to $1.71 yesterday.

$WGO.V

Mining & Metals4d ago

Flint Secures $319 Million in New Contracts, Renewals

Flint (FLNT.TO) has secured new contract awards and renewals that are estimated to generate $319 million of work, the company said on Tuesday.These awards are in addition to the $46.5 million of awards and renewals secured in the first two months of this year.Slightly over one-third (37%) of the newly secured work is expected to be executed in 2026, with the balance scheduled for 2027-2030."These awards extend our contracted backlog through 2030 and reflect the confidence our customers continue to place in FLINT's people and service delivery. The $365.5 million of awards and renewals secured in 2026, combined with all awards secured in 2025, strengthen our forward revenue visibility," said chief executive Barry Card.Flint shares closed down $0.01, to $1.68 on the Toronto Stock Exchange on Monday.

$FLNT.TO

Mining & Metals4d ago

Colliers Down 3% In US Premarket As It Posts Q1 Adjusted Earnings Miss, Leaves Outlook Unchanged

Colliers International Group (CIGI.TO, CIGI) was down 3% in US premarket trade at last look Tuesday after it reported a miss on its first quarter adjusted earnings, even though both the adjusted earnings and revenues were up on a year earlier, and said its outlook for 2026 remains unchanged, while including the impact of Ayesa Engineering.The company's first quarter adjusted EPS was US$0.91, compared to $0.87 per share in the corresponding year-ago quarter. The consensus estimates compiled by FactSet for Non GAAP EPS was $0.94 per share.First quarter revenues were $1.31 billion, up from $1.14 billion in the year-ago quarter. Net revenues for the first quarter were $1.15 billion, compared to $993.7 million in the year-ago quarter.The company said its outlook for 2026 remains unchanged and includes the impact of Ayesa Engineering, which is expected to close in late May, while it added the outlook drivers by segment are also unchanged."Colliers delivered a strong start to 2026, demonstrating the strength and durability of our diversified professional services and investment management platform," said Jay S. Hennick, Global Chairman and Chief Executive Officer."We executed to plan in a still uneven operating environment, with continued momentum in our resilient businesses and ongoing improvement in Commercial Real Estate transaction activity. Importantly, our results underscore the platform we've built -- a global business designed to perform through every stage of the economic cycle."During the quarter, we strengthened our leadership team to capitalize on expanding opportunities across Commercial Real Estate and Engineering. We enhanced our financial flexibility with $400 million of long-term debt financing and we extended our revolving credit facility -- positioning us to integrate the acquisition of Ayesa Engineering, which we expect will close later this quarter."Shares in CIGI eased 0.8% in Canada and the United States yesterday.

$CIGI.TO

Mining & Metals4d ago

Mineros Secures Environmental Certification for Porvenir Processing Plant, Tailings Storage Facility

Mineros SA (MSA.TO) has secured environmental certification from the Attorney General's Office in Nicaragua for the processing plant and tailings storage facility at the Porvenir operation, the company said Tuesday.The company is currently focused on advancing other permits, including specific forest management and treated wastewater discharge authorizations, to commence construction.Mineros expects to complete submission of forest management authorization documentation by the end of the second quarter, with approvals anticipated by the end of the fourth quarter.Mineros is also evaluating accelerating the project timeline, including potentially commencing detailed engineering, following the "robust" results of a preliminary feasibility study in March.The company plans to provide updated guidance on a construction timeline and capital requirements in late 2026.

$MSA.TO

Mining & Metals4d ago

Titiminas Silver Reorganizing Madre Sierra Project and Amending Related Option Agreement

The board of Titiminas Silver (TITI.V) has approved a corporate reorganization of its flagship Madre Sierra silver project in central Peru, together with an amendment to the share purchase option agreement governing its option to buy 100% of the project, the company said Monday. The board has also authorized the registration of the three 1% net smelter return royalties granted under the SPOA against the underlying mining concessions in the Peruvian Public Registry, it added.The reorganization allocates the 18 mining concessions that comprise the Madre Sierra project (totaling 7,561 hectares) across three Peruvian companies, each holding a discrete portfolio of concessions, it said. "This structure is designed to optimize the operational, permitting and tax management of the Madre Sierra project under the Peruvian regulatory framework, and is expected to allow two of the three operating vehicles to operate under Peru's small-scale mining regime, enabling the advancement of the exploration program under the DIA permitting framework. The structure has been reviewed with Peruvian counsel and is consistent with applicable mining legislation," it added.In connection with the reorganization, the company and the selling shareholders under the SPOA have agreed in principle to enter into a new amendment. The economic terms of the SPOA, including the aggregate purchase price, the underlying payment schedule and the three 1% NSRs (3% in aggregate) granted in favour of the selling shareholders, remain unchanged. The reorganization constitutes a regulatory accommodation rather than a re-negotiation of the transaction, it said.As consideration for the new amendment, the parties have agreed that the US$450,000 cash payment originally scheduled for August 2026 will be advanced and paid upon execution of the new amendment, with the payment amount adjusted to US$430,000 to reflect the early payment. All other payment commitments and obligations under the SPOA remain in full force and effect, the company added.Shares in the company were down $0.03 or 2.5% at $1.17 in Canada yesterday.

$TITI.V

Mining & Metals4d ago

Troilus Mining Upsizes Debt Financing Mandate for up to US$1.2 Billion

Troilus Mining (TLG.TO) increased its previously announced debt financing mandate from up to US$1.0 billion to up to US$1.2 billion.The upsizing reflects "continued strong lender support and advancing progress toward a fully funded construction package for the Troilus copper-gold project, located in north-central Quebec, Canada," it said.The financing is being led by a syndicate of leading global financial institutions, including Societe Generale, KfW IPEX-Bank, and Export Development Canada, and is expected to form the cornerstone of the project's overall financing structure, the company added.Shares of the company closed down 1.2% to $1.59 on Monday on the Toronto Stock Exchange.

$TLG.TO

Mining & Metals4d ago

MDA Space Says Secured 41 Early Customer Contracts and Letters of Interest for MDA CHORUS Data

$MDA.TO

Mining & Metals4d ago

Snowline to Launch 10,000-Meter Drill Program at Rogue Project in Yukon

Snowline Gold (SGD.TO) plans to launch a drilling program of at least 10,000 meters in May at its Rogue project in Yukon, the company said Tuesday.The campaign will target near-deposit expansion of the resource at the Valley gold deposit, as well as test nearby prospective targets.The program will be complemented by extensive regional greenfield exploration. Expanded environmental and geoscience programs are also underway to support future regulatory assessments, the company said.Snowline has a cash balance of $100 million to fully fund the programs, with the option to accelerate activities as needed.The company aims to complete a pre-feasibility study by early 2027.

$SGD.TO

Mining & Metals4d ago

Shopify Q1 Net Loss Narrows as Revenue Advances

Shopify's (SHOP.TO), down 5.5% in U.S. pre-market trade, Tuesday reported a narrower first quarter net loss as revenue increased.Net loss narrowed to US$581 million, or US$0.45 per share, from US$682 million, or US$0.53 per share, in the prior year period.Adjusted net income, which excludes the impact of equity investments, rose to US$360 million, from US$226 million.Revenue jumped 34% to US$3.17 billion, from US$2.36 billion, narrowly beating the US$3.1 billion forecast by analysts polled by FactSet.Gross merchandise volume (GMV) which represents the total dollar value of orders facilitated through the Shopify platform including certain apps and channels, reached slightly above US$1 billion, a statement added.For the June quarter, Shopify is guiding for revenue to grow at a high-twenties percentage rate and for gross profit dollars to grow at a mid-twenties percentage rate."Q1 delivered broad-based growth across geographies, merchant sizes, and channels, with over $100 billion of GMV in the first quarter alone," said chief financial officer Jeff Hoffmeister,. "That is the platform compounding. The durability of this model allows us to invest strategically in growth, both in the merchant-facing tools that drive commerce innovation and in the internal capabilities that let us build and ship faster. "Shopify shares were last seen down US$6.45, to US$121.10, in New York trade.

$SHOP.TO

Mining & Metals4d ago

Telesat's Q1 Net Loss Widens YoY

Satellite operator Telesat's (TSAT.TO) loss widened year over year in the first quarter amid revenue pressures, the company said Tuesday.Telesat reported an attributable net loss of C$45.5 million, or a loss of $3.04 per share, for the three months ended March 31, compared to a loss of $15.5 million, or a loss of $1.08 per share, recorded a year ago.Analysts expected a loss of $0.93 per share, according to a consensus estimate compiled by FactSet.Revenue slumped to $87.1 million from $116.7 million, driven by the non-renewals of certain broadcast contracts and reductions in services for fixed broadband customers at its geostationary (GEO) satellite segment.The company recorded an impairment loss of $85.5 million on the GEO business.Telesat booked an adjusted EBITDA of $35 million, down 48% year over year.Despite the wider loss, Telesat reiterated its 2026 GEO revenue guidance range of $300 million to $320 million, and GEO adjusted EBITDA target of $210 million to $230 million.The company also expects to spend $1.0 billion to $1.2 billion on its Telesat Lightspeed program for 2026.

$TSAT.TO

Mining & Metals4d ago

Mineros Says Achieved "Major Milestone" With Porvenir Project Development

$MSA.TO

Mining & Metals4d ago

G Mining Ventures Provides Q1 Project Status Update on Oko West; Says Construction Advancing on Schedule and on Budget

G Mining Ventures (GMIN.TO) provided a status update as of first quarter of 2026 on its 100%-owned Oko West Gold project in Guyana, which continues to advance on schedule and on budget, with first gold pour targeted for the second half of 2027 and commercial production expected in January 2028, it said on Tuesday.The company has made substantial progress across engineering, procurement, site infrastructure and process plant development, while enhancing cost visibility and execution certainty since commencing development activities in October 2025, it said. Safety performance "remains strong," with one lost-time incident recorded to date, resulting in a Total Recordable Incident Frequency Rate of 0.37.The company also reported that overall project progress has reached 19.7% based on earned value, with construction advancing on schedule. About US$292 million has been spent to date, with US$525 million committed.The project remains on budget. Detailed engineering and procurement is about 80% complete.Total capital expenditures guidance at Oko West for 2026 and 2027 remains unchanged at US$514 to US$568 million and US$217 to US$240 million, respectively, it added. Infrastructure detailed design is scheduled to be completed in Q2 of 2026, and process plant detailed engineering is 70% complete.Shares of the company closed down 0.7% to $47 on Monday on the Toronto Stock Exchange.

$GMIN.TO

Mining & Metals4d ago

Xanadu And EV Group Partnering To Build Industrial-Scale Photonic Quantum Hardware; Comes After XNDU Fell 61% on Monday

Xanadu Quantum Technologies (NASDAQ: XNDU) (TSX: XNDU), a photonic quantum computing company, has formed a strategic partnership with EV Group (EVG), a supplier of wafer bonding and lithography equipment, to "develop critical heterogeneous integration and wafer bonding processes to facilitate the scalability of photonic quantum systems", the company said MondayThroughout this partnership, Xanadu and EVG expect to utilize EVG's industrial manufacturing tools to fabricate the specialized chips used in Xanadu's photonic quantum computers, with the goal of accelerating the progression of quantum computing chip manufacturing from the lab to high-volume production, it added.This comes after Investor's Business Daily reported Xanadu stock had plunged Monday after the quantum computing firm registered nearly 294 million shares for resale in a move related to its SPAC merger.Shares in XNDU fell $29.83 or 61% to $19.06 in Canada yesterday.

$XNDU.TO

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Mining & Metals4d ago

Titiminas Silver Reorganizing Madre Sierra Project and Amending Related Option Agreement

$TITI.V