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Trans Canada Gold Prepares to Start Drilling After the "Successful Completion" of the Acquisition of the Harrison Lake District Scale Gold Project

Trans Canada Gold (TTG.V) on Tuesday said that it is preparing to implement the Phase 1- Diamond Drilling program at the Harrison Lake Gold Project.The company said that the contractors have been assembled to immediately commence preparation of underground drill setups, underground electrical facilities, road access improvements and an upgraded core shack/core sawing facility."An experienced drill contractor has been selected to carry out the continuous underground drill program," said the company.In a statement the company noted that the Harrison Lake Gold Project is demonstrating the same geological characteristics as the Snowline Gold deposit situated in the Tintina Gold Belt in the Yukon.The company said it has identified targets for further exploration of 2 to 10 million tonnes of gold mineralized material and grading between 1.0 to 5.0 grams per tonne (g/t) gold."This Target for further Exploration target is based on the current geological understating and historical drilling and identified mineralization, over several widely spaced intrusions over more than 2 kilometers of strike-length and over a combined vertical elevation range of more than 700 meters," said the company.The company added that detailed drill planning is currently underway on the Harrison Lake Gold Project located on Bear Mountain. It stated that it is now "well positioned" to capture and to capitalize on the "forecasted ascending gold prices."TTG rose 12.5% in Canada on Monday.

$TTG.V

Mining & Metals115d ago

Auxly Cannabis Says TSX Approves Intention to Make Normal Course Issuer Bid

Auxly Cannabis Group (XLY.TO) on Tuesday said that the Toronto Stock Exchange accepted the company's notice of intention to make a normal course bid (NCIB).The company said it is permitted to buy back for cancellation, on the open market, during the period starting April 20, 2026, and ending on the earlier of April 19, 2027, and the completion of purchases under the NCIB, up to 68.9 million common shares of the company, representing less than 5% of its issued and outstanding common shares as of April 7, subject to the policies of the TSX.Auxly, as of April 7, had 1.41 billion issued and outstanding common shares and a "public float" of 1.05 billion common shares. It has also entered into an automatic share purchase plan with a designated broker to allow for the purchase of common shares under the NCIB at times when the company would ordinarily not be permitted to purchase shares due to regulatory restrictions or self-imposed blackout periods.Shares of the company edged down $0.005 or 4% to $0.12 on Monday on the TSX.

$XLY.TO

Mining & Metals115d ago

Vitalhub's Novari Health To Implement Referral Central Intake Implementation In Ontario

Vitalhub (VHI.TO) said Tuesday its Novari Health unit has executed a multi-year agreement to implement referral central intake technology across multiple regions in Ontario.According to Vitalhub, central intake models have been proven to improve patient access to care by centrally receiving, triaging, and routing referrals to the most appropriate clinical setting, with the shortest wait time and as close to the patient's home as possible.Novari uses cloud and AI for its central intake technology, helping improve wait times and ensure that the right patients get treated at the right time and by the right provider.Novari's central intake technology has been deployed in Canada, Australia, and the United Kingdom, Vitalhub said.The partnership is part of Ontario's Patients Before Paperwork initiative, according to Vitalhub.The company's share price gained 7% on Monday to C$7.46 on the TSX Venture Exchange.

$VHI.TO

Mining & Metals115d ago

Chemtrade Logistics Downgraded To Market Perform At Raymond James

Chemtrade Logistics Income Fund (CHE-UN.TO) was downgraded to Market Perform from Strong Buy at Raymond James, Tuesday.Analyst Steve Hansen lowered his price target on shares of the Canadian industrial chemicals and services company to $15 from $21."Last night we attended a District of North Vancouver (DNV) council meeting where we expected to observe the second and third readings of Rezoning Bylaw 8778, key steps toward advancing the rezoning and lease extension (to Dec-31-44) of Chemtrade's Electrochem (EC) facility," Hansen said in a note to clients."...Advancing this bylaw has long been viewed as the critical gating item to securing a long-term lease and mitigating operational constraints beginning Jun-30-30 that would otherwise force the plant shutdown," the analyst said."Instead, we observed a council that ignored the risk assessments solicited, dismissed senior government support (Federal/Provincial), sided with NIMBYISM, and ultimately suspended further readings of the bylaw (vote: 4-3) - thus squashing any near-term visibility on an extension," Hansen said."While an alternative path may still emerge, including higher-level government involvement/pressure, we struggle to assign a timeline/probability to such an outcome."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$CHE-UN.TO

Mining & Metals115d ago

Avanti Helium Makes Initial Installment Payment To Relocate Plant To Montana

Avanti Helium (AVN.V) said Tuesday it has advanced the initial installment payment required to commence the relocation of its helium processing facility to the Sweetgrass helium project in Montana.The payment formally initiates the next phase of development, allowing plant optimization work, disassembly, logistics coordination, and mobilization activities to begin immediately, Avanti said.The company said it continues to target first helium production by mid-2026.Avanti expects Sweetgrass to become one of the few new U.S. domestic helium production facilities, amid tight global helium markets.The company's share price rose 5.5% on Monday to $0.58 on the TSX Venture Exchange.

$AVN.V

Mining & Metals115d ago

Savaria Targeting $1.6 Billion Revenue by End 2030

Savaria (SIS.TO) Tuesday said it is targeting a top-line revenue increase of 12% annually over the next five years, to reach $1.6 billion at the end of 2030.The company, which provided an update on its five-year financial targets under its Savaria One framework, said it would maintain adjusted EBITDA margins of 20%. This would increase adjusted EBITDA per share to $4.25 by 2030, a statement said.In 2023, Savaria launched a transformation plan called Savaria One to unlock value across the business. The program helped the company deliver $913.5 million in revenue in 2025 with an adjusted EBITDA margin exceeding 20%, the company said.For the fiscal first quarter, Savaria is guiding to a 7% revenue increase to $235 million. Adjusted EBITDA is expected to be $48 million, 18% above last year, representing an adjusted EBITDA margin of 20%.The company will host its second investor day today."At today's investor event, I can say that the last three years mark a historic time for Savaria. We invested significantly in ways we had not in the past - with our people and processes. Taking the time and effort to evaluate so much of what we do and improve it is like a major home renovation. We didn't cut corners, we really did our best work and the end result is a very solid, well-built house that will last us years," said Marcel Bourassa, executive chair.Savaria shares closed down $0.22, to $29.95, on Monday on the Toronto Stock Exchange.

$SIS.TO

Mining & Metals115d ago

The Descartes Systems Expands AI Innovation on Global Logistics Network With Fleet Data Intelligence Platform

The Descartes Systems Group (DSG.TO, DSGX) announced Tuesday that it expanded artificial intelligence capabilities on its Global Logistics Network (GLN) with the introduction of the Descartes Fleet Data Intelligence platform.The company said the platform combines a new AI agent and machine learning (ML) capabilities to enhance on-time delivery, strengthen service level compliance and reduce cost per delivery while providing the visibility needed to measure, sustain and scale fleet performance improvements over time."For fleets operating private or dedicated distribution networks, the highest-impact opportunity for AI lies in improving real-world execution," said Descartes Fleet Management General Manager James Wee. "With the Fleet Data Intelligence platform, we apply AI to the trusted execution data flowing through the GLN to separate signal from noise and turn everyday fleet operations into a continuous source of learning and improvement."Shares of the company closed up 5% to $91.69 on Monday on the Toronto Stock Exchange.

$DSG.TO

Mining & Metals115d ago

AGF Management Q1 Net Income Attributable to Equity Owners of the Company, Total Adjusted Net Revenue Fall; Increases Quarterly Dividend Per Share by 8%

AGF Management (AGF-B.TO) on Tuesday reported a lower first-quarter net income attributable to equity owners of the company and total adjusted net revenue, while announcing an 8% increase in quarterly dividend.First-quarter net income attributable to equity owners of the company was reported at C$18 million or $0.27 diluted earnings per share, compared to $30.9 million or $0.46 diluted EPS in the corresponding year-ago quarter.The company reported first-quarter adjusted net income attributable to equity owners of $19.7 million or $0.30 adjusted diluted earnings per share, compared to $32.1 million or $0.48 adjusted diluted EPS for the comparative prior year period. The consensus estimates compiled by FactSet for Non GAAP EPS was $0.50 per share.Total adjusted net revenue for the first quarter was reported at $95.3 million, compared to $111.5 million in the corresponding year-ago quarter.The company also said that its board declared a dividend of 13.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company, representing an 8% increase.This dividend will be payable on April 30, 2026 to shareholders of record on April 21, 2026."Our business continues to demonstrate its durability as a result of our multi-year strategy to diversify across asset classes and client channels allowing us to navigate the impacts of the current economic environment while maintaining our strong balance sheet," said Judy Goldring, Chief Executive Officer, AGF.

$AGF-B.TO

Mining & Metals115d ago

Eldorado Gold Says Completed Acquisition of Foran Mining

$ELD.TO$FOM.TO

Mining & Metals115d ago

Orosur Mining Up In UK Trade After Announcing New Mineralised Zone Discovered Near Pepas; Rose 10% In Canada on Monday

Orosur Mining (OMI.V and AIM:OMI), which saw its shares gain more than 10% in Canada yesterday and was at last look up 15% in UK afternoon trade, announced earlier Tuesday an update on the progress of exploration activities at its exploration project at Anza in Colombia.Among highlights, OMI said a new mineralised zone was discovered near Pepas, while drilling 100m west of Pepas intersected "significant" gold mineralisation. "Mineralised material visually similar to Pepas with evidence of the same mineralising events," the company added.Shares in OMI rose $0.035 or 10.6% to $0.365 in Canada yesterday.

$OMI.V

Mining & Metals115d ago

Chemtrade Exploring Alternatives After Rejection of Rezoning Application for North Vancouver Chlor-Alkali Facility

Chemtrade Logistics Income Fund (CHE-UN.TO) said Tuesday that it is exploring legal action and other alternatives after the District of North Vancouver Council rejected the company's rezoning application for the North Vancouver chlor-alkali facility.The company said the rezoning would have allowed safety upgrades and continued liquid chlorine production at the facility beyond 2030.Chemtrade said the closure of the facility, which produces over 40% of Canada's liquid chlorine supply, would have a significant impact on the country."Without chlorine production from our facility, Canada could become reliant on foreign trading partners to secure additional production of chlorine, a product critical to the health and safety of millions," President and Chief Executive Officer Scott Rook said.The company said it intends to engage with the council and other officials to proceed with the planned safety upgrades and secure long-term operations.

$CHE-UN.TO

Mining & Metals115d ago

OR Royalties Up 1% In US Premarket As Buys Precious Metals Stream on Canadian Copper's New Brunswick Assets

OR Royalties (OR.TO) was at last look up 1% in US premarket trade after the company said it is acquiring a precious metals stream on Canadian Copper's (CCI.CN) New Brunswick assets for US$28.0 million.A statement noted the assets comprise the Murray Brook properties and the Caribou property, and include the Caribou Processing Plant.OR Royalties will pay US$5.0 million cash upon closing, with US$23.0 million funded quarterly in line with project construction budgets, a statement said. A US$35.0 million concentrate prepayment facility has been provided by Ocean Partners UK, securing the full construction financing required to advance the project into commercial production.Concurrent with closing, OR Royalties will subscribe to US$4.0 million in Canadian Copper shares at C$0.75 apiece.Canadian Copper will deliver refined silver and gold equal to 20% of the payable silver and gold in concentrate or any other product for the life of mine to OR Royalties. This does not include payable gold from Murray Brook."Canadian Copper's Murray Brook Project checks all of our strategic boxes; the integration of Murray Brook and the Caribou Complex creates a premier brownfield polymetallic project with significant precious metals credits in a Tier-1 mining jurisdiction. Thanks to existing infrastructure and strong alignment with local stakeholders, the project benefits from a significantly accelerated development timeline. We are excited to partner with Canadian Copper as they advance toward a mine-and-mill restart, which is expected to deliver high-margin GEOs to OR Royalties before the end of the decade," said OR Royalties chief executive Jason Attew.OR Royalties shares closed down $0.12, to $54.44 on Monday on the Toronto Stock Exchange.

$CCI.CN$OR.TO

Mining & Metals115d ago

Enthusiast Gaming Q4 Net Loss Narrows

Enthusiast Gaming Holdings (EGLX.TO) on Tuesday reported a narrowed net loss in the fourth quarter of fiscal year 2025.For the three months ended Dec. 31, 2025, the company reported net loss of $6.0 million or net loss per basic and diluted share of $0.04, compared with $83.6 million or $0.54 loss per share, a year-ago, primarily due to the decrease in Q4 2025 goodwill and intangible asset impairment charges of $81.9 million.Revenue decreased to $8.9 million in the quarter compared with $10.6 million in Q4 2024, with the majority of the decline being attributable to a reduction in the number of low-margin third-party network websites represented by the company for web programmatic inventory as a result of its decision to focus on developing its owned and operated websites."We delivered record Adjusted EBITDA of $2.4 million in the quarter, the highest in company history by a wide margin, alongside an Adjusted EBITDA margin of approximately 27%," said Enthusiast Gaming Chief Executive Alex Macdonald. "Importantly, this level of profitability was achieved while directing a significant portion of our spend toward R&D and future growth, underscoring the quality of the earnings we delivered.""These results were also achieved despite a muted advertising backdrop and were accompanied by gains in working capital and cash," Macdonald added.The company also announced that Sara Slane tendered her resignation from its board of directors.Shares of the company closed up 16% to $0.035 on Monday on the Toronto Stock Exchange.

$EGLX.TO

Mining & Metals115d ago

Trican Well Service Downgraded to Sector Perform at RBC

Trican Well Service Ltd. (TCW.TO) was downgraded to Sector Perform from Outperform at RBC Capital Markets on Tuesday.Analyst Keith Mackey maintained a price target of $7.50 on shares of the Calgary-based oilfield services company."We continue to see Trican as a leading Canadian service provider, with strong offerings in pressure pumping and cementing," Mackey said in a note to clients. "That said, the fracturing market in Canada looks well supplied at present, which has contributed to pricing pressures.""Providers are also entering an equipment upgrade cycle to 100% natural gas equipment, lowering the amount of cash available for buybacks," the analyst said."These factors combine into a lower relative return proposition than other names under coverage."

$TCW.TO

Mining & Metals115d ago

Integra Resources Up 1.1% In US Premarket As Provides Drill Highlights from Florida Canyon Mine in Nevada

Integra Resources (ITR.V) was at last look up 1.1% in US premarket trade after it reported Tuesday additional results from the growth drilling program at the company's primary operating asset, the Florida Canyon mine in Nevada.Results include 138 meters at 0.32 grams per tonne gold and 128 m at 0.36 g/t gold, "highlighting near-mine growth and mine life extension potential", Integra said."These latest drill results continue to reinforce our view that Florida Canyon hosts significant, scalable near-surface oxide gold mineralization with the potential to support long-term growth," President and Chief Executive Officer George Salamis said.Integra said during the 2025 growth drilling program 16,009 meters of reverse circulation, sonic and core drilling were completed. The recently announced 2026 drilling program consists of 42,500 m of reverse circulation and core drilling, with 33,500 m focused on resource development at the Florida Canyon mine and 9,000 m focused on testing new gold targets around the Florida Canyon and Standard Mine areas."We are seeing a clear trend of growing near-surface mineralization that has the potential to translate into a larger resource base and an extended mine life in our upcoming technical report expected to be completed in the third quarter of 2026," Salamis said.Shares in Integra were up 1% in Canada yesterday.

$ITR.V

Mining & Metals115d ago

FirstService Completes Two Tuck-Under Buys

FirstService Corporation (TSX and NASDAQ: FSV), a North American player in the property services sector, announced that it has completed two acquisitions which further add to the company-owned operations within its Paul Davis Restoration and California Closets business lines. Terms of the transactions were not disclosed.In a statement FSV noted Paul Davis Restoration recently expanded its company-owned platform with the acquisition of its franchised operation covering the Cleveland and Akron, Ohio markets. This business provides mitigation, contents, reconstruction and mold remediation services to residential property owners, as well as commercial and institutional accounts. The existing leadership team will retain an ownership interest and continue to run day-to-day operations across this Ohio region. "This acquisition furthers our strategy of selectively acquiring franchises within our aggregate network of approximately 375 locations across North America, FSV said.FSV also noted California Closets acquired the franchised territories encompassing the metropolitan areas of Indianapolis, Indiana; Louisville and Lexington, Kentucky; and Cincinnati, Ohio. This acquisition further expands the owned operations of the California Closets brand into additional markets with significant future growth potential, it added."We continue to advance our company-owned strategies at Paul Davis and California Closets as opportunities present themselves," said Scott Patterson, CEO of FirstService. "These tuck-under acquisitions bolster our presence and ability to capitalize on the growth opportunities in major markets across North America."Shares in FSV were last seen down 2% in US premarket, after rising 1.9% in the U.S. and 1.6% in Canada yesterday.

$FSV.TO

Mining & Metals115d ago

Savaria Unveiling 5-Year Targets Alongside Preliminary Q1-2026 Results

$SIS.TO

Mining & Metals115d ago

Earnings Flash (BAMI.TO) Blue Ant Media Reports Q2 Revenue C$70.0M, vs. $38.4M a Year Earlier

$BAMI.TO

Mining & Metals115d ago

Serabi Gold Up 4% In UK Trade After Reporting Q1 2026 Production & Operational Highlights

Serabi Gold plc (AIM: SRB, TSX: SBI), the Brazilian focused gold mining and development company, was at last look up 4% in early afternoon UK trade after announcing production results and operating highlights for Q1 2026Among operational highlights, Serabi cited quarterly gold production of 12,042 ounces, a 20% increase from Q1-2025. It had cash as of March 31, 2026 of US$64.4 million vs $49.2 million as of December 31, 2025. The company said it was now debt free; repaid $5.3 million during the quarter.In other highlights, Serabi also commenced installation of a 4th ball mill at Palito Complex, expected to be operational by Q4-2026 and will increase annual processing throughput to 330ktpa in 2027. Following 12 months of ore sorting success, the company is transitioning from selective open stoping to mechanised sublevel stoping at Coringa, which currently operates under a 3-year GUIA license which expires on January 29, 2027.Mike Hodgson, CEO of Serabi, said: "Both mines have performed well. The ore sorter was instrumental in achieving our record annual production in 2025, and this along with favourable geological continuity of the Coringa veins has allowed us to transition from selective open stoping to the more mechanized sublevel open stoping method, providing many benefits to cost, output and safety. Mechanization of Coringa should be complete by Q3 2026. "Shares in Serabi were up 3.8% in Canada yesterday.

$SBI.TO

Mining & Metals115d ago

S&P Global Upgrades BRP to BB+ On Improved Business Risk Profile

S&P Global has upgraded its rating on BRP (DOO.TO) to BB+ from BB, on an improved business risk profile and stable outlook.The agency said it removed its negative one-notch financial policy modifier to reflect Bain Capital's lower ownership stake in BRP -- which stood at 11% as of December, with about 20% voting rights.S&P noted BRP enjoys 50%-55% of market share in the snowmobile and personal watercraft segment, with a "solid" second position in the off-road vehicles (ORVs) segment. It also rightsized its inventory ended fiscal 2026 with 17% lower inventory levels in North America compared to a year ago. Fourth-quarter 2026 performance was strong, outperforming the powersports industry across majority of product categories -- ORVs (ATVs and SSVs) and snowmobiles."We believe BRP is well positioned to replenish inventory, and we forecast revenue growth of 6%-7% in fiscal 2027. We also estimate that BRP's top line will benefit by C$400 million-C$500 million in fiscal 2027 due to higher shipments relative to last year. Continued strength in year-round products and steady demand for parts and accessories should further improve top line," S&P said.The agency expects EBITDA margins to improve to around 13.8% in fiscal 2027 mainly due to product-mix benefits (growth of high-margin ORVs) and improved fixed-cost absorption (asset utilization up to 70% from 65%).S&P expects BRP will manage capital "prudently" and forecasts capital expenditure of about C$400 million-C$450 million annually over the next 12-24 months. It estimates free operating cash flow (FOCF) of C$400 million-C$500 million annually."The stable outlook incorporates our view that BRP will maintain net debt to EBITDA of about 2x in fiscal 2027, as revenue and EBITDA improve from the trough in fiscal 2026," S&P said.

$DOO.TO

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