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National Bank of Canada Initiates Coverage of Champion Iron, Oceanic Iron Ore

National Bank of Canada on Tuesday initiated coverage of Champion Iron (CIA.TO) and Oceanic Iron Ore (FEO.V).The bank gave Champion Iron an outperform rating and C$5.75 price target, while Oceanic Iron Ore received an outperform rating and $1.70 price target.National Bank named Champion Iron as its producer of choice despite near-term cost impacts.The company is an established high-grade iron ore producer, with significant value-in-use premiums for the company's direct reduced-feed iron concentrate to be realized as shipments ramp up throughout the second half, the bank said.Oceanic Iron Ore is an iron ore developer that is well positioned in the market that is shifting to high-purity iron ore.Oceanic Iron Ore is advancing the Hopes Advance project, which benefits from its coastallocation and "no-rail" development concept. The preliminary economic assessment mine plan evaluates only three of the 10 known iron deposits within the property, outlining the potential for further development opportunities, the bank said.Champion Iron traded at $3.91 per share at last look Wednesday on the Toronto Stock Exchange.Oceanic Iron Ore's share price stood at $0.69 at last look on the TSX Venture Exchange.Price: $0.69, Change: $-0.01, Percent Change: -1.43%

$CIA.TO$FEO.V

Mining & Metals14d ago

LaFleur Minerals Buys Additional Mineral Claims for C$35,000 to Expand Its McKenzie East Gold Project

LaFleur Minerals (LFLR.CN) acquired a 100% right, title and interest in a package of 27 mineral claims totalling about 701.7 hectares in the Val-d'Or mining district within Quebec's Abitibi Gold Belt adjacent to its McKenzie East project for C$35,000, it said on Wednesday.The company is also preparing to resume diamond drilling at the Swanson Gold Deposit to test the down-plunge and depth extensions of the mineralized system. The upcoming drill program will target priority zones below the current resource model where recent drilling has highlighted the potential for higher-grade shoots and continued resource growth, supporting its objective of expanding the mineral resource and advancing the Swanson Gold Deposit as a long-term source of mill feed for the fully permitted Beacon Gold Mill, it said."Consolidating prospective, historically explored ground in the heart of the Abitibi Gold Belt in the same belt as our Swanson Gold Project and Beacon Gold Mill is central to our district-scale strategy," said LaFleur Minerals Vice President of Exploration Marc Ducharme. "The Property covers ground that hosts the historical Maruska gold showing within the Pascalis-Tiblemont batholith, and we look forward to compiling the available historical data and conducting aggressive exploration strategies and drilling potential historical targets as we continue to build long-term value for our shareholders."Shares of the company were last seen down 3.8% at $0.32 on the Canadian Securities Exchange.Price: $0.33, Change: $-0.01, Percent Change: -2.26%

$LFLR.CN

Mining & Metals14d ago

HM Exploration Lists on OTCQB Venture Market

HM Exploration's (HM.CN) shares have been approved for trading on the OTCQB Venture Market under the HMEXF symbol, the company said Wednesday.The commencement of trading on the OTCQB was effective June 8.HM is currently executing its maiden drill program at the Lewis Pilley's project in Newfoundland, where three of the first five holes successfully intersected sulfide mineralization."The OTCQB listing means U.S. investors now have direct and accessible participation in HM's story at what we believe is a pivotal time for the project," CEO Nick Rodway said. "We look forward to reporting assay results and continuing to advance our programs."There will be no change to HM's trading on the Canadian Securities Exchange under the HM ticker or on the Frankfurt Stock Exchange under the X5H symbol, the company said.

$HM.CN

Mining & Metals14d ago

Stakeholder Gold Commissions New Quarry in Brazil

Stakeholder Gold's (SRC.V) unit, Mineracao VMC Ltda. (VMC), entered into an agreement to buy a 50% interest and to operate a fully licensed Quarry in Uruoca, Ceara, Brazil for 3-million Brazilian Real or C$763,500, it said on Wednesday.The newly acquired quarry is producing a high-demand quartzite material known commercially as "Taj Mahal." Stakeholder said that several key clients have already placed pre-orders "reflecting strong and immediate buyer interest."The 900,000 Brazilian Real or C$229,050 of the purchase price will be satisfied by way of financing excavating equipment which will be utilized directly in quarry operations, it said. A cash payment of 100,000 Brazilian Real or C$25,450 was made at the time of signing, and a further 600,000 Brazilian Real or C$152,700 is payable within two years of signing the agreement, it added.There is no interest applicable to this deferred payment, said the company. The final balance of 1.4-million Brazilian Real or C$355,300 is payable by VMC over the life of the quarry and may be repaid at any time without interest."This acquisition is expected to significantly increase VMC's revenue in 2026 and beyond, and to create a substantial multiplier effect on sales from the company's other operating quarries," said VMC President Marcus Chase. "We look forward to moving quickly and to delivering value for our shareholders."Site expansion is expected to take between two and four months, after which the new quarry is anticipated to transition into full-scale commercial production at a rate of 200 cubic meters per month, it said.Shares of the company were last seen down 5.3% at $1.61 on the TSX Venture Exchange.Price: $1.61, Change: $-0.09, Percent Change: -5.29%

$SRC.V

Mining & Metals14d ago

AutoCanada Completes Acquisition of Mascarin Collision Centre

AutoCanada (ACQ.TO) on Wednesday announced the completion of its acquisition of Mascarin Collision Centre, a collision repair business based in Thunder Bay, Ontario.The business holds OEM certifications across more than 10 brands, including Volkswagen, Honda, Toyota, Ford, General Motors, and Subaru, said the company, and added that Mascarin is the only General Motors-certified collision repair facility in Northwestern Ontario."Mascarin Collision Centre is an excellent addition to our growing collision platform," said Samuel Cochrane, Chief Executive Officer and Interim Chief Financial Officer of AutoCanada. "The business has built a trusted reputation over decades of serving customers and maintaining strong relationships with insurers and OEM partners. Its experienced team, strong market position, and OEM-certified capabilities provide a solid foundation for future growth."Price: $22.71, Change: $+0.04, Percent Change: +0.18%

$ACQ.TO

Mining & Metals14d ago

Sonoro Gold Closes C$15.5 Million Private Placement

Sonoro Gold (SGO.V) raised C$15.5 million after closing a private placement of 62 million units priced at $0.25 per unit, the company said Wednesday.Sonoro plans to use the proceeds for general working capital purposes. The company is advancing the Cerro Caliche gold project in Mexico, where it recently commenced a 50,000-meter drilling program.The company also expanded the project with the acquisition of 11 additional mineral concessions.Each unit consists of one Sonoro common share and one common share purchase warrant. Each warrant can be exercised for $0.34 per share for three years.Insiders of the company participated in the offering by subscribing for 5,524,640 units for $1.4 million in proceeds.

$SGO.V

Mining & Metals14d ago

Blue Star Gold Completes Phase 1 Geophysics and Mobilises Phase 2 Drilling

Blue Star Gold's (BAU.V) Phase I exploration program, located in Nunavut, over its critical mineral targets has been completed, and two drills have been mobilized to initiate the Phase 2 drilling program, it said on Wednesday.The Phase 2 drilling program will start on high-potential gold targets, followed by drill testing critical mineral targets. Its Phase 1 ground-based fixed loop electromagnetic (FLEM) surveys refined airborne electromagnetic plate models derived from the 2025 SkyTEM dataset, it said.FLEM data is being processed to refine plate targets for drill evaluation with plans to drill a minimum of five target areas. Initial drilling will be undertaken at the Auma project targeting high-grade gold mineralization associated with conductive alteration corridors, and North Nutaaq to follow up on 7.31 grams per tonne (g/t) gold over 5.7 meters that was drilled in 2025, it added."The successful execution of our Phase 1 program has delivered promising preliminary data, confirming high-quality drill targets," said Blue Star Gold chief executive Grant Ewing. "Data processing for our critical mineral targets remains underway as we concurrently prepare to launch the Phase 2 drilling program, which will initially prioritize two prospective gold target areas."Shares of the company closed down 7.9% to $0.175 on Tuesday on the TSX Venture Exchange.

$BAU.V

Mining & Metals14d ago

North American Construction Group Prices C$200 Million Notes Offering

North American Construction Group (NOA.TO) priced an offering of C$200 million aggregate principal amount of 7.00% senior unsecured notes due June 16, 2031.The notes will be issued at a price of $1,000 per $1,000 of notes, the company said.NOA plans to use the proceeds to repay indebtedness under its existing credit agreement, and for general corporate purposes.The offering is expected to close on or about June 16.

$NOA.TO

Mining & Metals14d ago

FirstService's Subsidiary Roofing Corp of America Acquires Schefers Roofing

FirstService (FSV.TO) on Wednesday said that its subsidiary, Roofing Corp of America (RCA), has acquired Schefers Roofing.Terms of the transaction were not disclosed.The existing management team has retained a minority equity interest and will continue to oversee the day-to-day operations of the business, said the company.Schefers is a full-service commercial roofing contractor providing installation, restoration, preventative maintenance and leak repair services, stated the company."The addition of Schefers expands RCA's geographic footprint into the Kansas City market and further strengthens our presence in the Midwest U.S. region," said Randy Korach, CEO of RCA. "We are pleased to add a highly respected market leader to our growing commercial roofing platform and welcome the entire Schefers team to our organization."

$FSV.TO

Mining & Metals14d ago

Brunswick Exploration Provides Drill Results from Anatacau Main Project in Canada

Brunswick Exploration (BRW.V) provided final assay results from the 2026 winter drilling campaign at the Anatacau main project in Canada, increasing the Anais strike to over 350 meters, the company said Wednesday.The largest pegmatite, the Anais Main dyke, remains open in all directions after another step-out hole intercepted 1.13% lithium oxide over 27.4 m in drill hole AN-26-12 at very shallow depths.The mineralized dyke system has been delineated over an area of about 350 m wide by 600 m long, and the system remains open in all directions, the company said.Brunswick plans further drilling in late third quarter as it identified significant opportunity to expand mineralization."We now strongly believe that Anatacau is starting to show the same potential as our Mirage project," President and Chief Executive Officer Killian Charles said. "This unique combination of two highly promising projects demonstrates BRW ability to continue to make impactful discoveries across its portfolio."

$BRW.V

Mining & Metals14d ago

Borealis Mining Advances Sandman Toward Development With 5,000 Meter Drill Program

Borealis Mining Company (BOGO.V) started its 5,000-meter drilling program at its wholly-owned Sandman Gold project in Humboldt County, Nevada, it said on Wednesday.Drilling is expected to begin on or about June 19, and continue for several months. The program is designed to generate the technical information needed to support future engineering studies, mine planning, and permitting activities while continuing to evaluate opportunities to expand the project's resource base, it said.About 1,660 meters of the program will be dedicated to metallurgical and geotechnical drilling across the Silica Ridge, North Hill, Abel Knoll, and Southeast Pediment deposits, with the balance of the program focused on resource expansion and exploration drilling, the mining company said. Initial drilling is intended to support engineering studies, mine planning and permitting activities, and follow-up drilling is intended to target resource expansion and district-scale exploration opportunities.The initial phase of drilling will focus on metallurgical and geotechnical testing across each of the four Sandman deposits, it added.Shares of the company closed down 1.1% to $0.93 on Tuesday on the TSX Venture Exchange.

$BOGO.V

Mining & Metals14d ago

Timbercreek Financial Announces Normal Course Issuer Bid

Timbercreek Financial (TF.TO) has obtained the approval of the Toronto Stock Exchange to begin a normal course issuer bid with respect to its common shares, the company said on Wednesday.Under the NCIB, the company may purchase in the normal course through the facilities of the TSX in accordance with its rules or through alternative Canadian trading platforms up to a regulatory maximum of around 8.2 million shares, such amount representing 10% of the public float of the shares issued and outstanding as of May 29, 2026.The NCIB will start on June 12, 2026, and will terminate on the earlier of June 11, 2027, or the date on which the company has purchased the maximum number of shares permitted under the NCIB.Any shares purchased by the company will be cancelled."Under the normal course issuer bid which commenced on June 12, 2025, and terminated on June 11, 2026, the Company was authorized to purchase up to 8,191,740 Shares and purchased zero Shares on the open market," added the company.

$TF.TO

Mining & Metals14d ago

Quebec Officials Visit Troilus Project for Announcement of 70 MW Hydroelectric Power Allocation

Troilus Mining (TLG.TO) recently welcomed representatives from the Government of Quebec to the Troilus copper-gold project for the official announcement of the allocation of 70 megawatts of hydroelectric power to the project, the company said Wednesday.Quebec officials including Bernard Drainville -- minister of economy, innovation and energy -- and Kateri Champagne Jourdain -- minister of natural resources and forests -- visited the site.The officials highlighted the role of projects such as Troilus in supporting the province's critical minerals strategy, regional economic development priorities, and long-term energy transition objectives amid growing global demand for copper."Access to reliable, low-carbon hydroelectric power is fundamental to the responsible development of large-scale mining projects in Northern Quebec, and the allocation of 70 MW marks a significant step forward as we continue advancing permitting, engineering, financing, and overall project readiness activities," Chief Executive Officer Justin Reid said.Troilus continues to make progress across financing, permitting, engineering, and overall project readiness initiatives as it advances toward construction, the company said.

$TLG.TO

Mining & Metals14d ago

DATA Communications Management Renews Normal Course Issuer Bid

DATA Communications Management's (DCM.TO) notice of its intention to renew the normal course issuer bid (NCIB) with respect to its outstanding common shares was accepted by the Toronto Stock Exchange (TSX), it said on Wednesday.The notice provides that the company may, during the 12-month period starting June 12, 2026, and ending no later than June 11, 2027, buy back, through the facilities of the TSX, up to 4.2-million common shares, being about 10% of the "public float" of such common shares as at June 1. As at June 1, 56.2-million common shares were outstanding.Prior to starting purchases under the NCIB, the company also intends to establish an automatic share purchase plan under which its designated broker will purchase common shares within a defined set of criteria.Shares of the company closed down 1.2% to $1.65 on Tuesday on the Toronto Stock Exchange.

$DCM.TO

Mining & Metals14d ago

Hemlo Mining Announces Graduation to the Toronto Stock Exchange

Hemlo Mining (HMMC.V) has received final approval to list its common shares on the Toronto Stock Exchange and graduate from the TSX Venture Exchange, the company said on Wednesday.The common shares will begin trading on the TSX at market open on June 15, 2026 and will continue to trade under the current stock symbol, "HMMC", it added.Shares will be voluntarily delisted from the TSXV, effective as of the close of market on June 12, 2026, stated the company."Graduating to the Toronto Stock Exchange marks a significant milestone for Hemlo Mining and reflects the disciplined execution of our capital markets strategy," said Jason Kosec, President, Chief Executive Officer and Director of Hemlo Mining. "The TSX is home to many of the world's leading gold producers, and we expect this listing to broaden our shareholder base, enhance trading liquidity, and provide eligibility for potential index inclusion. This is an important step as we continue to advance the Company's standing in the global gold equity market."

$HMMC.TO$HMMC.V

Mining & Metals14d ago

Ero Copper Confirms High-Grade Continuity, Extends Known Mineralization at Furnas Project in Brazil

Ero Copper (ERO.TO) confirmed high-grade continuity and extended the known mineralization at the Furnas copper-gold project in Brazil, the company said Wednesday.Assay results include 90 meters at 1.13% copper equivalent, including 32 meters at 1.70% copper equivalent; and 45 meters at 1.25% copper equivalent, including 20 meters at 1.98% copper equivalent."Every drill result from Furnas reinforces the scale, quality and growth potential of the deposit," President and Chief Executive Officer Makko DeFilippo said."High-grade continuity within the SE and NW zones remains strong, and new step-out drilling in the Central zone, near planned infrastructure, highlights new opportunities to build upon an already compelling [preliminary economic assessment] mine plan," DeFilippo added.Ero has completed over 75,000 m of drilling through the end of May, with assay results currently available for approximately 52,000 m. There are ten drill rigs operating at the project, and the deposit remains open to depth and along strike, the company said.

$ERO.TO

Mining & Metals14d ago

NVRO Metals' Unit Intends to Buy Australia's NTR For C$27.9 Million to Establish "NVRO Metals Hub"

NVRO Metals (NVRO.V) announced the proposed acquisition of Northern Territories Resources Pty Ltd. (NTR), an Australian exploration and mining company by NVRO's unit NVRO Metals (Australia) Pty Ltd for C$27.9 million, on Wednesday.Once the deal is completed, NTR's assets will become the "NVRO Metals Hub", a critical minerals production platform utilizing the NVRO Process, located in Australia's Northern Territory, it said. The consideration comprises a specified contribution of C$14.3 million payable within 75 days of execution of the deed of company arrangement in Australia (DOCA), an environmental bond top-up of about C$2.3 million earmarked for the Northern Territory Government's environmental bond requirements, a payment of C$10 million to the secured creditor and about C$1.3 million for transaction costs including stamp duty.In connection with the pending resources statement and Phase 1 development, the clean technology company's strategy is focused on near term production of copper cathode and cobalt/nickel intermediate products by heap leach, solvent extraction and electro winning (SX-EW) and precipitation of cobalt and nickel. Production is expected to start by the fourth quarter of 2027.The company is planning a drilling campaign to obtain samples of both oxide and sulphide orebodies for further testing. The sulphide resource will undergo pilot scale testing through the micro NVRO pilot plant at its Western Australia facility in the second half of 2026, it added."The NVRO Metals Hub provides a pathway to near-term cash flow and production and provides a foundation for sustainable growth," said NVRO Metals Chief Executive Grant Freeman. "We believe the NVRO Metals Hub expands the Company's commercial opportunities and positions us for critical minerals production from sulphide minerals."Shares of NVRO Metals closed up 5.1% to $0.205 on Tuesday on the TSX Venture Exchange.

$NVRO.V

Mining & Metals14d ago

Micromem Technologies Announces Proposed Private Placement

Micromem Technologies (MRM.CN) announced after markets closed on Tuesday the intention to proceed with a non-brokered private placement by placing common share units at a price of C$0.025 each for a total of up to C$250,000, subject to a 50% discretionary increase.Each unit is made up of one common share and one warrant exercisable at C$0.05 per share for a period of two years.The company plans to use the proceeds for working capital purposes and debt settlement.The private placement remains subject to final regulatory approvals.

$MRM.CN

Mining & Metals14d ago

NorthWest Copper Reports Palladium Assay Results from Historical Drilling at Kwanika Project

NorthWest Copper (NWST.V) reported palladium assay results from historical drilling at the Kwanika project in British Columbia, highlighting the potential for palladium to provide an additional by-product credit, the company said on Wednesday.Sample pulps from Kwanika have been stored since the 2007 drill program. However, palladium has only been systematically assayed since 2022. As a result, most of the assay database supporting the current mineral resource estimate does not include palladium values.Palladium, a designated critical mineral, is used primarily in automotive catalytic converters, with emerging use in fuel cells and hydrogen purification equipment.Results demonstrate that certain mineralized zones have the potential to host payable palladium by-product credits, specifically Zones 2, 5, and 10.Highlights of the results include 74.1 meters of 1.04% copper, 1.48 grams per tonne gold, 3.32 g/t silver and 0.71g/t palladium from 27.4 m; and 30.5 m of 0.53% copper, 1.28 g/t gold, 1.61 g/t silver and 0.40 g/t palladium from 101.1 m.

$NWST.V

Mining & Metals14d ago

Canadian Dollar Under Pressure as Bearish Bets Mount, Says BMO

Ahead of Wednesday's Bank of Canada decision, speculative positioning has swung sharply against the Canadian dollar (CAD or loonie), said Bank of Montreal (BMO).CFTC data show the non-commercial net short position jumping to 94,111 contracts as of June 2 from 68,882 a week earlier -- that's more than double the average short position over the past six years, or 40,388, noted the bank.That shift has coincided with USD/CAD pushing above $1.395, the weakest level for the currency since December, pointed out BMO.Still, positioning remains less extreme than in the immediate aftermath of President Donald Trump's reelection and early trade war tensions.The move likely reflects weak domestic momentum, with two consecutive quarters of gross domestic product contractions, reinforcing expectations that the BoC will struggle to deliver on the roughly 30bps of tightening priced in for year-end, stated BMO.Consistent with that view, the two-year Canada-U.S. yield spreads have widened beyond -120 bps, the most negative since November, added the bank.That said, the data flow has turned less one-sided. A firmer May jobs report and an April GDP rebound in the flash estimate suggest the economy retains some resilience, potentially giving policymakers scope to maintain a hawkish tone from the prior meeting, according to BMO.With positioning now heavily skewed, the bar for a CAD rebound is lower. Any improvement in geopolitical or trade conditions could trigger a short-covering move -- but both remain highly uncertain catalysts for now.

$CAD$CXY$USD/CAD

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Mining & Metals14d ago

NVRO Metals' Unit Intends to Buy Australia's NTR For C$27.9 Million to Establish "NVRO Metals Hub"

$NVRO.V