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Macquarie Economist Sees A Bank of Canada September Rate Hike on Labor Market Improvement, Stronger Growth Momentum

The Bank of Canada held the Overnight rate at 2.25% on Wednesday as was widely expected, said David Doyle, head of economics at Macquarie Group.Governor Tiff Macklem's commentary was largely consistent with what was outlined at the April policy meeting, noted Doyle.The key sentence remained in the rate announcement. This indicates the BoC "will not let higher energy prices become persistent inflation" and will "respond as needed."As the governor did in April, Macklem referred to the potential for "consecutive increases" in the policy rate should energy prices remain elevated.Macquarie continues to anticipate the BoC's next move to be a rate hike, with the baseline timing in September 2026. Doyle added that the expectation for labor market improvement and stronger growth momentum informs this view.

$CXY

Mining & Metals13d ago

Sustainable Power & Infrastructure Split Completes $41.8 Million Overnight Offering

Sustainable Power & Infrastructure Split (PWI.TO) completed a treasury offering of class A shares and preferred shares for about $41.8 million, it said on Thursday.The class A shares and preferred shares will trade on the Toronto Stock Exchange (TSX) under the existing symbols "PWI" and "PWI.PR.A".The class A shares were offered at $13.60 per class A share for a distribution rate of 8.8% on the issue price, and the preferred shares were offered at $10.40 per preferred share to yield 6.2%.Shares of the company were last seen down 0.2% at $12.43 on the TSX.Price: $12.43, Change: $-0.03, Percent Change: -0.24%

$PWI.TO

Mining & Metals13d ago

Dios Exploration Says 2026 Follow-Up Diamond Drilling on AU33 Gold Project Completed

Dios Exploration (DOS.V) said Thursday diamond drilling was completed in May on Dios wholly-owned AU33 property, totalling 2,024 meters in 10 NQ holes, 9 targeting Heberto Gold extents (1772 m), striking along gold-bearing silicified potassic altered shear zones near surface and 1 exploratory hole 7 km NE (252 m) in WTS south-east area.Drilling campaign was supervised by Laurentia Exploration geological team, said the company.Core logging was completed on site within mobile core facilities and core boxes were sent at the end to Laurentia Exploration Jonquiere Office for saw splitting (1,800 m), it stated."Half samples are already shipped to Actlab for gold-silver assaying, analytical results to be reported in batches as they come," said the company.Several Mineralized Silicified Altered Potassic shear zones (potassic-Feldspar and sericite) looking like Heberto Gold mineralization were hit in most holes, often with pyrite and sometimes magnetite and quartz-biotite veins, said the company."Metric to several meter mineralized shear zones were intercepted in many holes," added the company.Drilling aimed at extending known gold structures from Dios' Heberto historical gold drilling, it said."We are awaiting with enthusiasm assay results as mineralized silicified and potassic altered zones bearing much similarities to Heberto Gold were noted in several drilled cores in association with pyrite and sometimes magnetite and biotite," said M.J. Girard, President and Chief Executive Officer of Dios Exploration. "Heberto gold zones seem very continuous in 3-D modelling. Heberto is outcropping and shallow dipping towards west. More to the north, zones are still shallow dipping west, not deep. One could think this might eventually be amenable to small open pits for a start."

$DOS.V

Mining & Metals13d ago

Atlas Salt Raises $15 Million Via Bought Deal LIFE Offering

Atlas Salt (SALT.V) closed its bought deal offering of common shares raising $15.2 million, it said on Thursday.The company issued 12.6-million common shares at $1.20 apiece pursuant to National Instrument 45-106 - Prospectus Exemptions (NI 45-106), as part of the offering."The proceeds from this financing will enable us to accelerate our ongoing early works and site preparation program, advance detailed engineering, and continue to build momentum with our strategic project partners," said Atlas Salt CEO Nolan Peterson. "We are well-positioned to deliver on our near-term development milestones and to create lasting value for our new and existing shareholders."Shares of the company were last seen unchanged at $1.22 on the TSX Venture Exchange.

$SALT.V

Mining & Metals13d ago

Commerzbank Says Those Predicting Lower US Dollar/ Canadian Dollar Level Must Hope for Weaker US Dollar

The Bank of Canada kept its key interest rate at 2.25% on Wednesday, as expected, said Commerzbank.At the same time, policymakers gave little indication that this might change in the near future, writes the bank in a note to clients.The BoC sees little sign of widespread price pressures being triggered by the war in the Middle East, a view likely reinforced by the fact that core inflation has continued to ease unexpectedly recently.The weak real economy, on the other hand, means that a slightly expansionary monetary policy remains appropriate.Commerzbank stated that, if at all, the BoC's first interest rate hike is unlikely to take place until December 2026. The latest figures, however, now suggest that it might come even later, although there is still plenty of time until then.Market expectations have shifted in this direction in recent weeks too, with only one rate hike currently priced in by December, pointed out the bank.Pressure on the Canadian dollar (CAD or loonie) from monetary policy is likely to ease somewhat accordingly, added Commerzbank. With the USMCA negotiations approaching and the real economy weakening, as well as political concerns, there are nevertheless still many problems.As a consequence, those anticipating lower USD/CAD levels should continue to hope for a weaker US dollar (USD), according to the bank.

$CAD$CXY$USD$USD/CAD

Mining & Metals13d ago

VVT Med Enters Dominican Republic Market

VVT Med (VVTM.V), a developer of minimally invasive solutions for venous disease, has entered the Dominican Republic market through a trial distribution and evaluation agreement with Antilles Medica, VVT said Thursday.Under the terms, Antilles will serve as the exclusive distributor for VVT's ScleroSafe technology in the Dominican Republic for an initial evaluation period, with a pathway toward a five-year partnership.The arrangement includes an initial purchase order for ScleroSafe Full Sets, reflecting Antilles' commercial commitment to the market entry process, VVT said.VVT's entry into Dominican Republic complements the company's established foothold in the U.S. through its relationship with Northwell Health, and its active distribution platforms in India and South Korea.Price: $0.20, Change: $-0.07, Percent Change: -24.53%

$VVTM.V

Mining & Metals13d ago

Lithium Ionic Initiates Long-Lead Equipment Order at Bandeira Project in Brazil

Lithium Ionic (LTH.V) has placed its first long-lead equipment order at the Bandeira lithium project in Brazil, securing the project's main substation power transformer, the company said Thursday.Ordering the transformer supports schedule certainty while Lithium Ionic advances its broader procurement program and continues to refine the project's capital cost estimate, the company said.Overall project engineering has advanced to about 65% completion, according to Lithium Ionic."Placing our first long-lead order is a tangible signal that Bandeira is moving from the drawing board into execution," CEO Blake Hylands said."With overall engineering now approximately 65% complete and geotechnical work and procurement advancing in parallel, we are steadily de-risking the Project and building momentum toward a construction decision," Hylands added.

$LTH.V

Mining & Metals13d ago

FuelPositive to Raise $4.5 Million Via Non-Brokered Private Placement

FuelPositive (NHHH.V) intends to complete a non-brokered private placement of units at $0.05 apiece, for up to $4.5 million, it said on Thursday.Each unit will consist of one common share and one common share purchase warrant, with each warrant exercisable at $0.08 for a period of sixty months, provided that in the event the ten-day volume-weighted average closing price of the common shares on the TSX Venture Exchange exceeds $0.40, the company will have the right to speed-up the expiry of the warrants. The company expects to complete the offering in one or more tranches over the coming weeks, it said.FuelPositive received subscriptions and commitments representing more than $4.0 million of the offering and expects to complete an initial closing in the coming days, followed by one or more additional closings thereafter. Proceeds will be used to advance the demonstration phases of its Manitoba system, support ongoing operations and working capital needs, and reduce outstanding accounts payable and accrued liabilities incurred in the ordinary course of business.The company also announced that an aggregate of $791,250.00 in outstanding indebtedness will be settled through the issuance of 15.1-million debt units at $0.0525 apiece. Each debt unit consists of one common share and one common share purchase warrant, with each debt warrant exercisable at $0.07 for a period of sixty months.An aggregate of $1.1 million in outstanding indebtedness will be settled through the issuance of 22.5-million debt units at $0.05 apiece. Each debt unit consists of one common share and one debt warrant, with each debt warrant exercisable at $0.08 for a period of sixty months.The indebtedness is owed by the company to certain arm's-length service providers, with the exception of Andre Mech, a director of the company, it added.Shares of the company closed down 12% to $0.035 on Wednesday on the TSX Venture Exchange.

$NHHH.V

Mining & Metals13d ago

FLUENT's Interim CEO David E. Vautrin Steps Down; Matt Mundy Appointed as Interim CEO

FLUENT (FNT-U.CN) said Thursday that David E. Vautrin has stepped down as interim chief executive officer, effective June 12, 2026.The company appointed Matt Mundy, its chief legal officer, as interim chief executive officer effective June 12, 2026. Mundy has been "instrumental in advancing the proposed transaction" with Vireo Growth (VREO.CN) and will provide leadership continuity as the company progresses through this next phase, stated the company."On behalf of the Board and the entire FLUENT organization, I would like to thank David for his leadership and commitment during a pivotal period for the Company," said William Smith, Executive Chair of the Board of Directors of the Company. "Over the past year, FLUENT has successfully implemented many critical strategic initiatives, strengthened operational execution and entered into an arrangement agreement to be acquired by Vireo Growth Inc., subject to the terms and conditions contained therein. We are grateful for his service and contributions during this time with the Company."

$FNT-U.CN$HMMJ.TO$VREO.CN

Mining & Metals13d ago

Brixton Metals Launches 10,000-Meter Drill Program at Thorn Project in British Columbia

Brixton Metals (BBB.V) has commenced a 10,000-meter drilling program at the Thorn project in British Columbia, the company said Thursday.The exploration campaign is focused on advancing the Camp Creek high-sulfidation gold system, the Catalyst and Tempest copper-gold porphyries, and the Sentinel copper porphyry target.The program includes an ongoing 16-line-kilometer magnetic survey."This fully funded program is designed to advance several priority targets through drilling, geophysics, and fieldwork, while also supporting progress toward future mineral resource estimates at Camp Creek and Trapper," CEO Gary Thompson said.

$BBB.V

Mining & Metals13d ago

Grounded Lithium Oil Production Sales Decline to 114 BPD in May

Grounded Lithium (GRD.V) reported a decline in oil production sales in May 2026 compared with the prior month, it said on Thursday.Oil production sales totaled 114 barrels per day (bpd) in May, compared with production reported in April 2026 of 120 bpd.The company said its partnership with Denison Mines (DML.TO, DNN) on the Kindersley Lithium project (KLP) is now focused on optimizing both wells in efforts to deliver high quality, spec grade, oil into the commodity markets and alleviate facility limitations on daily production. It anticipates that upon completion of "relatively straightforward improvements" to the facilities, production may initially exceed 150 bpd followed by months or years of a shallow production decline.Grounded Lithium and its partners are advancing plans for additional development wells, it said. The company also recovers overhead in addition to its share of revenue as the operator of the wells.Shares of the company closed down 7.1% to $0.065 on Wednesday on the TSX Venture Exchange.

$DML.TO$GRD.V

Mining & Metals13d ago

Coppernico Metals Launches C$5 Million Private Placement

Coppernico Metals (COPR.TO) seeks to raise C$5 million in a private placement to advance development of the Sombrero Project in Peru, the company said Thursday.The company plans to use the proceeds to advance drill permitting and additional community agreements to support future exploration activities at the project, as well as for general corporate and working capital purposes.The offering consists of 14,285,714 units priced at $0.35 apiece. Each unit will be comprised of one common share and one share purchase warrant exercisable at $0.50 per share for 24 months.Closing is expected June 26.

$COPR.TO

Mining & Metals13d ago

Transat A.T. Q2 Net Loss Widens

Transat A.T. (TRZ.TO) reported wider net loss and a 0.3% fall in revenue in the second quarter, the company said on Thursday.Second quarter net loss was C$78.9 million, or $1.94 per share, compared to net loss of $22.8 million, or $0.58 per share, in the corresponding year-ago quarter.The company reported second quarter adjusted net loss per share of $2.58 per share, compared to adjusted net earnings per share of $0.12 per share in the year-ago quarter.Second quarter adjusted EBITDA amounted to negative $20.7 million, compared with positive $98.4 million in the year-ago quarter, stated the company."Second-quarter adjusted EBITDA declined significantly year-over-year, driven primarily by the surge in aviation fuel costs and the prolonged suspension of flights to Cuba," said Jean-Francois Pruneau, Chief Financial Officer of Transat. "Profitability was further affected by lower financial compensation from Pratt & Whitney related to the ongoing engine issue, as well as higher salaries and benefits resulting from the new collective agreement with our pilots. Transat intends to apply to the LASR facility, administered by the Canada Enterprise Emergency Funding Corporation (CEEFC), which would provide additional financial flexibility as we remain focused on executing our strategic priorities."Second quarter revenue was around $1.027 billion, down 0.3% from $1.031 billion in the corresponding period last year. The consensus estimates compiled by FactSet for sales was $1.069 billion.The company attributed the decrease in revenues to the suspension of flights to Cuba, resulting in a revenue shortfall of $81.0 million compared with 2025, as well as to the financial compensation from the original equipment manufacturer of GTF engines of $5.2 million, which was down $14.7 million from the second quarter of 2025.

$TRZ.TO

Mining & Metals13d ago

Aurora Cannabis Down 4% in U.S. Pre-Market After It Forecast a Decline in Fiscal Year 2027 Total Net Revenue

U.S.-listed shares of Aurora Cannabis (ACB.TO, ACB) fell 4% in pre-market trading on Thursday after it said it expects fiscal year 2027 total net revenue to decline and be more in line with its Cannabis net revenue results in fiscal year 2025, following the changes in Canadian medical partially offset by international growth, driven by Germany and Poland.For the three months ended March 31, 2026, the company reported adjusted net income of $5.6 million, compared with $15.3 million, a year earlier.Net revenue increased to $84.8 million in the fourth quarter, compared with $76.8 million, a year-ago, due to a 14% growth in its global medical cannabis business and higher wholesale bulk cannabis net revenue, offset by lower quarterly net revenue in its consumer cannabis business, it said. The result beat a consensus estimate compiled by FactSet of $75.7 million."Over the next few quarters, we are purposely investing in our international business through strategic sales initiatives and EU GMP capacity expansion to support growth in our most profitable markets," said the company in a statement. "These efforts are expected to help offset the impact of margin reductions in our Canadian medical business, following the reduction in government reimbursed pricing, effective April 1, 2026."Adjusted EBITDA in fiscal year 2027 is expected to vary quarter over quarter, leading to lower annual adjusted EBITDA compared to the prior fiscal year, it added.Shares of the company closed down 2.9% to $4.59 on Wednesday on the Toronto Stock Exchange.

$ACB.TO

Mining & Metals13d ago

Xali Gold Raising C$1 Million to Advance Pico Machay Project in Peru

Xali Gold (XGC.V) is raising C$1 million in a private placement to advance the Pico Machay gold project in Peru.The offering comprises 4 million shares priced at C$0.25 apiece. Closing is expected June 17.Xali plans to use about 75% of the proceeds for exploration and development of Pico Machay, including activities aimed at supporting an updated mineral resource estimate, permitting initiatives and ongoing technical studies, as well as community initiatives.The company will use the proceeds for working capital and general corporate purposes.

$XGC.V

Mining & Metals13d ago

Troilus Gold Provides Additional Drill Results from West Rim Discovery

Troilus Gold (TLG.TO) reported Thursday additional drill results from the West Rim Zone as part of its ongoing 2026 exploration program at the Troilus copper-gold project in Quebec.Highlights include 19.06 grams per tonne (g/t) gold equivalent over 6.4 meters and 6.81 g/t gold equivalent over 5 m.The latest results continued to demonstrate the emergence of a significant high-grade mineralized zone located outside the current mineral resource estimate and within 200 m of the reserve pit outlined in a 2024 feasibility study, the company said."The consistency of high-grade mineralization we are seeing across the trend is particularly encouraging and continues to demonstrate the potential for West Rim to evolve into a meaningful near-mine zone within the broader Troilus project," Chief Executive Officer Justin Reid said.The results released to date represent about half of the 3,000 m planned for West Rim in 2026. The company expects to continue both infill and expansion drilling along the known mineralized trend while also testing the broader West Rim corridor, which remains largely underexplored.

$TLG.TO

Mining & Metals13d ago

Serabi Gold Up 1.8% in London Trade After Filing NI 43-101 Technical Report for Palito Complex and Coringa Mine

London-listed shares of Serabi Gold (SRB.L, SBI.TO) rose about 1.8% on Thursday after it publicly filed its detailed technical reports of its updated Mineral Reserve estimates and Mineral Resource estimates for its 100% owned Palito Complex and updated Mineral Resource estimates for its 100% owned Coringa Mine, both located in Para State, Brazil, within the Tapajos region.The Palito Complex technical report is dated June 1, and the Coringa Mine technical report is dated June 2, and are both effective Jan. 30, 2026.Shares of the company closed down 7.8% to C$5.59 on Wednesday on the Toronto Stock Exchange.

$SBI.TO

Mining & Metals13d ago

Pacific Booker Minerals Announces New $4 Million Non-Brokered Private Placement

Pacific Booker Minerals (BKM.V) will not be proceeding with a non-brokered private placement as announced on April 30, 2026, said the company after markets closed on Wednesday.The company plans to undertake a non-brokered private placement financing to raise gross proceeds of up to around $4 million from the sale of up to around 1.86 million units at a price of $2.15 each.Each unit will consist of one common share of the company and one common share purchase warrant, said the company, and added that each warrant will entitle the holder thereof to buy one common share from the company at a price of $2.37 per common share for a period of 36 months from the closing date of the offering.The company plans to use the net proceeds to complete a new preliminary economic assessment for its Morrison project and for general corporate purposes.The closing of the offering is subject to certain conditions, including the approval of the TSX Venture Exchange and certain other conditions.

$BKM.V

Mining & Metals13d ago

First Atlantic Nickel Notes Passage of Critical Minerals Bill by U.S. House, Benefiting Pipestone XL Project

First Atlantic Nickel (FAN.V) noted the passage of a new critical minerals bill by the U.S. House of Representatives and believes it would support the company's Pipestone XL nickel-cobalt alloy project in Newfoundland, First Atlantic said on Thursday.The Developing Overseas Mineral Investments and New Allied Networks for Critical Energies Act, also known as the DOMINANCE Act, passed the House on June 8. The bipartisan legislation is intended to strengthen U.S. energy security and support more resilient supply chains with trusted allies and partners.The bill authorizes equity investment, co-financing and U.S. priority offtake for allied projects. It also defines "processed" as "a metal, metal powder, or a master alloy," and awaruite is a natural nickel-iron-cobalt alloy already in the form that the bill defines as "processed."First Atlantic's Pipestone XL project is being advanced as a potential allied source of awaruite.Awaruite's metallic, sulphur-free composition may provide a differentiated processing pathway by enabling concentration through magnetic separation and flotation without the need for conventional smelting, roasting or high-pressure acid leaching.The company believes this is particularly relevant to current North American supply chain challenges, where midstream processing capacity remains a key constraint.First Atlantic believes the legislation highlights the growing strategic importance of North American and allied sources of nickel, cobalt and other critical minerals required for defense, advanced manufacturing, stainless steel, battery and clean technology supply chains.

$FAN.V

Mining & Metals13d ago

Xtract One Technologies Q3 Comprehensive Loss Narrows

Xtract One Technologies (XTRA.TO) reported a narrowed loss in the third quarter as revenue increased year-over-year.For the three months ended April 30, 2026, the company reported comprehensive loss of $0.3 million or $0.001 basic and diluted loss per share, compared with $3.3 million or $0.02 loss per share, a year earlier. The narrowed loss reflects increased gross profit, partially offset by higher total operating expenses incurred to support a growing revenue base, the company said.Revenue increased to $10.3 million in the quarter, compared with $3.5 million, a year-ago, due to higher shipments and deployments of its weapon detection solutions, it said."We are doing what we said we would do and are well on our way to profitability and cash-flow breakeven," said Xtract One Chief Executive Peter Evans. "We look forward to continued growth and momentum in the fourth quarter, and further expansion as we head into fiscal 2027."Contractual backlog was $17.9 million at the end of Q3, compared with $15.4 million in the prior-year period, excluding an additional $27.2 million of agreements pending installation versus about $21.1 million at the end of Q3 of fiscal 2025.Shares of the company closed up 1.8% to $0.56 on Wednesday on the Toronto Stock Exchange.

$XTRA.TO

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Mining & Metals13d ago

FuelPositive to Raise $4.5 Million Via Non-Brokered Private Placement

$NHHH.V