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AGF Management Names John Porter Chief Investment Officer

AGF Management (AGF-B.TO) after trade Monday said John Porter will become chief investment officer starting May 1.As CIO, Porter will lead the firm's investment team, set strategy, and focus on performance and risk management. He will report to Chief Executive Judy Goldring and join the executive management team, the company said."We are confident his leadership will unlock new opportunities, strengthen collaboration across our investment teams, and position AGF Investments for its next phase of growth," Goldring said.Porter most recently served as CIO at Newton Investment Management, part of BNY Investments. He previously held senior roles in equity investing and U.S. growth strategies after joining the firm in 2016, according to the statement.The company's shares closed up $0.19 to $20.02 on the Toronto Stock Exchange.

$AGF-B.TO

Mining & Metals116d ago

Red White & Bloom Brands Unit Wins Bid For Ayurcann In Insolvency Sale Process

Red White & Bloom Brands (RWB.CN) on Monday said its Emblem Cannabis unit was selected as the winning bidder in a court-supervised sale process tied to the insolvency of Ayurcann Holdings and Ayurcann under the Companies' Creditors Arrangement Act.The deal is structured as a share purchase, under which Emblem will indirectly acquire Ayurcann's business, assets, licenses and operations by buying 100% of its newly issued shares. Certain assets and liabilities will be excluded and kept with an Ayurcann affiliate.Upon closing of the transaction, Emblem said it will acquire a "comprehensive processing and manufacturing platform", including established brand portfolio, production facility and equipment, commercial relationships and records, and licenses.."We are very pleased that Emblem has been selected as the successful bidder for Ayurcann," said Colby De Zen, president of RWB. "This acquisition is highly strategic and will immediately scale our Canadian platform with a leading portfolio in the fastest-growing product categories and a national distribution footprint across more than 2,500 retail locations. Beyond the brands and infrastructure, we are acquiring a proven operating platform with meaningful synergies across supply chain, manufacturing and overhead.."Shares of the company closed unchanged at $0.02 on Canadian Securities Exchange.

$RWB.CN

Mining & Metals116d ago

QuantumCore to Begin Trading on Canadian Securities Exchange

QuantumCore (QNCR.CN), formerly MGM Resources, on Monday said its shares will begin trading on the Canadian Securities Exchange under the ticker symbol "QNCR" at market open on Tuesday."As a public company, we are very excited for this next stage in QuantumCore's growth and the opportunity to engage with the investment community at large as we continue to extend our capabilities and offerings in the rapidly evolving quantum computing industry," Chief Executive Eugene Profis said.The company also said it has hired Independent Trading Group to provide market-making services in accordance with the CSE's policies. The firm will trade QuantumCore shares to help maintain reasonable trading and improve liquidity across the exchange and other venues.

$QNCR.CN

Mining & Metals116d ago

Trulieve Cannabis Opening a Medical Cannabis Dispensary in Boca Raton, Florida

Trulieve Cannabis (TRUL.CN) on Monday said is opening a new medical cannabis dispensary in Boca Raton, Florida.The company said the dispensary will carry a "wide variety of popular products" including Trulieve's portfolio of in-house brands such as Co2lors, Cultivar Collection, Modern Flower, Momenta, Roll One, and Sweet Talk."We are excited to serve Palm Beach County patients at this new Boca Raton location," said chief executive Kim Rivers. "Our team is committed to providing patients with exceptional experiences and high-quality products."Shares of the company were last seen unchanged at $8.69 on the Canadian Securities Exchange.

$HMMJ.TO$TRUL.CN

Mining & Metals116d ago

CAE Price Target Cut to $42.00 at RBC

RBC Capital Markets analyst James McGarragle cut his price target on the shares of CAE (CAE.TO) to $42.00 from $46.00 while maintaining his sector-perform rating.McGarragle's fourth-quarter EBITDA estimate has also been cut to $335 million from $348 million to reflect delivery headwinds from commercial OEMs and Middle East training disruptions in the civil segment."We now model FY26E Civil adj. operating income growth of -6.6% (cons. -6%) below guidance of mid-single digit decline." Target multiple has also been trimmed to 12x (from 12.5x) on continued headwinds in Civil, McGarragle added.Price: $38.23, Change: $+0.23, Percent Change: +0.61%

$CAE.TO

Mining & Metals116d ago

Getty Copper Starts 10,000-Meter Spring Drilling Program; Shares Up 14%

Getty Copper (GTC.V) on Monday said it launched a 10,000-meter drilling program focused on the Getty North deposit and satellite targets including the Getty South deposit, within its Getty project in British Columbia's Highland Valley District.The company said two diamond drills will be active for most of the program, and core will be logged and processed at Getty's core shack nearby in Logan Lake."Our focus with this program is to test for higher-grade mineralization, expand known mineralized zones, and demonstrate the broader scale potential of the project," said chief executive Ryan O'Regan.Current planned hole locations are constrained by permitting, and the company is working to increase the available drill locations. Initial holes are planned to be 550 to 650 meters deep.The company said the drill holes will also collect material to be used for geometallurgical characterization and metallurgical testing, as part of its strategy of advancing the resource potential of the project. Other satellite targets, including Getty West, are also in the process of being evaluated for future drilling as part of its resource and exploration strategy.Getty Copper said that an additional 4,000 to 6,000 meters of drilling in the latter half of 2026 is planned and may include these satellite exploration targets.Shares of the company were last seen up $0.025 to $0.20 on the TSX Venture Exchange.Price: $0.20, Change: $+0.03, Percent Change: +14.29%

$GTC.V

Mining & Metals116d ago

Athena Gold Says Awarded $200,000 Grant from the Ontario Government

Athena Gold (ATHA.CN) on Monday said it has been awarded C$200,000 in non-dilutive grant funding from the Ontario government through the Ontario Junior Exploration Program (OJEP).Administered by the Ontario Ministry of Mines, the OJEP grant provides financial assistance to junior exploration companies to offset costs associated with grassroots mineral exploration."We send our gratitude to the Ontario Ministry of Energy and Mines for their ongoing commitment to supporting junior explorers like Athena," said chief executive Koby Kushner. "This non-dilutive funding will be used to help finance our maiden drill program at our Laird Lake project, where we are aiming to make the next great discovery in the historic Red Lake Gold Camp through our recently launched maiden drill program."Shares of the company were last seen down $0.04 at $0.51 on the Canadian Securities Exchange.Price: $0.51, Change: $-0.04, Percent Change: -7.27%

$ATHA.CN

Mining & Metals116d ago

Bombardier Price Target Raised to $298.00 at RBC on Defence Momentum

RBC Capital Markets analyst James McGarragle raised his price target on the shares of Bombardier (BBD-B.TO) by $11.00 to $298.00 and reiterated his outperform rating.McGarragle is maintaining his first-quarter EBITDA forecast at $245 million, below consensus of $252 million.RBC's valuation multiple moves to 13.5x from 13x on continued defense momentum and solid demand signals, writes McGarragle. " We see runway for Bombardier to compound FCF at greater than a low-teen CAGR well into the 2030s - a compelling investment opportunity, in our view, for shares trading at a ~5% FCF yield."Price: $255.99, Change: $-2.03, Percent Change: -0.79%

$BBD-B.TO

Mining & Metals116d ago

Air Canada Price Target Lowered to $22.00 at RBC

RBC Capital Markets cut its price target on the shares of Air Canada (AC.TO) by $3.00 to $22.00, to reflect the evolving geopolitical landscape, but reiterated its outperform rating.Analyst James McGarragle's trimmed his estimate for 2026 EBITDA to $3.0 billion, below management's guidance of $3.35 billion to $3.75 billion, reflecting elevated jet fuel costs (and the expected negative impact to demand as higher costs are passed through), "though we see upside should fuel prices normalize on a peace deal."McGarragle anticipates the carrier will implement fare increases in the second quarter to recover elevated fuel costs through both surcharges and base ticket adjustments. "We continue to view 2026 as a transitory year and anticipate a significant FCF inflection in 2028-2029 off normalizing capital expenditures."Price: $18.82, Change: $+0.06, Percent Change: +0.32%

$AC.TO

Mining & Metals116d ago

Nicola Mining Announces Nasdaq Listing and Pricies US$6 Million Offering

Nicola Mining (NIM.V) on Monday priced its US$6-million underwritten public offering of share units in the United States.The company said it is offering 930,233 American Depositary Share (ADSs) units priced at US$6.45 including an ADS and a five-year warrant with an exercise price of C$12.2213.The company said each ADS represents 12 shares of Nicola.The ADSs are expected to begin trading today on the Nasdaq Capital Market under the ticker symbol "NICM".The company plans to use the net proceeds for mill expansion, property, plant and equipment expenditures and general and administrative and working capital.The company's shares were last seen down C$0.06 to C$0.87 on the TSX Venture Exchange.Price: $0.88, Change: $-0.05, Percent Change: -5.38%

$NICM$NIM.V

Mining & Metals116d ago

TAG Oil Provides Update on Operations and Planned Activities in Egypt's Western Desert

TAG Oil (TAO.V) on Monday provided an update on its first quarter operations and planned activities in the Egypt's Western Desert.The company said it is preparing to drill the T-200 vertical well at the Badr Oil Field concession. To capitalize on current oil prices, the company said it is actively working to secure a drilling rig and plans to start operations once a suitable rig becomes available.It has also selected an existing well to carry out a Diagnostic Fracture Injectivity Test on the ARF formation at the Southeast Ras Qattara oncession. Planning for the test program is underway, and field operations are expected to start following execution of a petroleum services agreement before the end of the second quarter.The company added that subject to positive results, it is considering drilling a new vertical well in the fourth quarter to further evaluate the commercial potential of the reservoir.Shares of the company were last seen unchanged at $0.085 on the TSX Venture Exchange.

$TAO.V

Mining & Metals116d ago

Rokmaster Resources Starts Drilling at Its Hanson Property

Rokmaster Resources (RKR.V) on Monday said it started drilling to test several porphyry copper deposits on the Hanson Property.The company said the Hanson property is a part of its Nechako project, made up of three properties totaling 26,932 hectares in west-central British Columbia. Alongside the start of drilling at the property, the company outlined a 2026 exploration program across all three properties of the Nechako project.It said planned activities include additional fieldwork, an IP survey, and drill testing at the Mystery property with fieldwork set to start in early June. The entire Nechako project is fully permitted for exploration drilling, and the company is funded to execute the 2026 program as currently planned.Shares of the company were last seen down $0.005 to $0.045 on the TSX Venture Exchange.Price: $0.05, Change: $-0.01, Percent Change: -10.00%

$RKR.V

Mining & Metals116d ago

TSX up 78 Points at Midday, Led by Gains in Info Tech, Energy

The Toronto Stock Exchange is up 78 points at midday with info tech (+3.7%) and energy (+1.7%), posting the biggest gains.Utilities, down 1%, is the worst performer.Oil prices were back above US$100.00 per barrel on Monday after ceasefire talks between the United States and Iran failed to end their war and President Trump announced a blockade of the Strait of Hormuz. But Canadian stocks have recouped Monday's early losses, and look set to extend a run of seven wins in the last eight sessions leading in to today.February building permits fell $1.1 billion (-8.4%) to $12.1 billion, with the decline led by non-residential (-$1.3 billion), reports StatsCan.In company news, GFL Environmental (GFL.TO) was at last look down 9.5% after saying Monday it was acquiring Secure Waste Infrastructure (SES.TO) for $24.75 per Secure share, for an enterprise value of $6.4 billion. Secure operates a waste-management business in Western Canada and North Dakota.

S&P/TSX CompositeS&P/TSX Composite$GFL.TO$SES.TO

Mining & Metals116d ago

RBC Changes Estimates for Canadian Trucking and Diversified Industrials

RBC Capital Markets outlined Monday estimate changes for Canadian trucking and diversified industrials equities ahead of the first-quarter earnings reporting season.RBC lowered Cargojet's (CJT.TO) price target to $140 from $143 while maintaining its outperform rating. The EBITDA estimate for the company was also decreased to $80 million from $83 million, driven by indication Canadian consumer spending on discretionary goods is pulling back.The EBITDA estimate for Mullen Group (MTL.TO) remained unchanged at $79 million while its price target increased to $19 from $17 with an outperform rating. RBC expects recent PMI readings and potential infrastructure investment to favorably affect demand and sentiment in the shares.RBC cut Stella-Jones (SJ.TO)'s price target to $93 from $95 and maintained its sector perform rating while its earnings per share estimate was reduced to $1.27 from $1.47. While RBC sees utility pole momentum continuing in 2026, RBC sees the Tie outlook as uncertain and flags risk given aggressive behavior from Stella's main competitor.Meanwhile, the EPS estimate for TFI International (TFII.TO) was unchanged at $0.65 while its price target remained at US$137 with an outperform rating. RBC said it is bullish on recent pricing trends and does not expect management to provide full year 2026 guidance given the uncertain backdrop.Westshore Terminals Investment (WTE.TO)'s price target increased to $39 from $34 while its outperform was maintained. The EBITDA estimate was also unchanged at $29 million.Price: $84.94, Change: $-0.95, Percent Change: -1.11%

$CJT.TO$MTL.TO$SJ.TO$TFII.TO$WTE.TO

Mining & Metals116d ago

Nevada Organic Phosphate Advances 2026 Drill Program at Murdock Mountain

Nevada Organic Phosphate (NOP.CN) on Monday said it launched its 2026 exploration program at the Murdock Mountain Phosphate project in northeastern Nevada.The company said all required wildlife and sage-grouse lek (breeding grounds) pre-clearance surveys associated with its exploration permit have been completed without issue. Once pad preparation is underway, the drilling contractor will continue evaluating the strike extent, thickness, lateral continuity, and grade characteristics of the phosphate zone exposed across the project area."Nevada continues to experience a strong exploration cycle, and we are pleased to remain within our planned timelines as our new contractors mobilize," said chief executive Robin Dow.The company said the upcoming drill holes are designed to extend the geological model along strike, refine structural controls, and support future resource classification work.Shares of the company were last seen down 5.3% at $0.175 on the Canadian Securities Exchange.Price: $0.18, Change: $-0.01, Percent Change: -5.41%

$NOP.CN

Mining & Metals116d ago

RBC on OpenText's Preliminary Q3 Revenue

OpenText (OTEX.TO, OTEX) last week pre-announced preliminary third-quarter revenue of US$1.28 billion, effectively in line with RBC/consensus estimates of $1.27 billion.In a note, RBC Capital Markets analyst Paul Treiber, who has a sector-perform rating and US$30.00 price target on the stock, estimates the third-quarter preliminary revenue implies constant-currency organic growth of -0.9%, better than the -1.6% in RBC's model and up from -2.6% in the second quarter."[T]he results suggest OpenText's Q3 was largely stable despite geopolitical disruptions during the quarter. In light of the continued pessimism for software stocks, an in-line quarter with slightly negative organic growth is unlikely to be a material catalyst for the stock. However, with OpenText trading at a deeply discounted valuation of 5.7x EV/EBITDA and 4.8x P/E, the results shouldn't weigh on the shares, in our view."Price: $29.64, Change: $+0.81, Percent Change: +2.81%

$OTEX$OTEX.TO

Mining & Metals116d ago

Supreme Critical Metals Announces Name Change to Maverick Gold and Silver Corporation

Supreme Critical Metals (CRIT.CN) on Monday said it is changing its name to Maverick Gold and Silver Corp.With the name change, the company said its trading symbol for its shares on the Canadian Securities Exchange will change to "MAV", expected at the opening of trading on April 15."The transition to Maverick Gold and Silver Corporation represents a transformative step forward for the company as we sharpen our focus on the tremendous opportunities within the precious metals sector," said chief executive Glen Watson. " ... This rebranding underscores our commitment to building a dynamic portfolio of gold and silver assets and delivering meaningful upside for our shareholders as we execute on our growth strategy."Shares of the company were last seen unchanged at $0.075 on the Canadian Securities Exchange.

$CRIT.CN

Mining & Metals116d ago

RBC Expects Canadian E&P Companies to Discuss Use of Free Cash Flows During Q1 Earnings Season

RBC Capital Markets on Monday said it expects Canadian oil and gas exploration and production companies to discuss the use of free cash flows amid higher crude prices during the earnings reporting season for the first quarter.RBC expects the companies to outline their near-term focus on higher buybacks and debt repayment, with capital programs to increase later this year if pricing remains robust.According to RBC, AECO natural-gas prices experienced a brief rebound during the first quarter, but have since pulled back as supplies have remained robust, keeping pace with increased demand from LNG Canada.RBC said its estimates are largely above FactSet consensus forecasts for now.The earnings season will kick off April 20 with PrairieSky Royalty (PSK.TO) reporting after market close.Price: $10.11, Change: $+0.01, Percent Change: +0.10%

$AAV.TO$ARX.TO$BIR.TO$FRU.TO$HWX.TO$KEL.TO$PEY.TO$POU.TO$PSK.TO$TPZ.TOU.TO$TVE.TO$WCP.TO

Mining & Metals116d ago

RESAAS Services to Raise up to $1.8 Million in Private Placement of Shares

RESAAS Services (RSS.V), up 11% on last look, Monday said it plans to raise up to $1.8 million through a private placement of shares.The offering is being completed in connection with a concurrent block trade, whereby certain company shareholder will sell an equivalent number of their common shares to a single institutional investor.The offering and the block trade are conditional upon one another.Both the offering and the block trade are priced at $0.45 per share, equal to the closing price of RESAAS shares on the TSX Venture Exchange on April 10.The $1.8 million proceeds will be used to strengthen the company's balance sheet and for general working capital.RESAAS shares were last seen up $0.05, to $0.50, on the TSX Venture Exchange.Price: $0.50, Change: $+0.05, Percent Change: +11.11%

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Mining & Metals116d ago

Bullion Gold Resources Appoints Simon Britt As President And Chief Executive Officer

Bullion Gold Resources (BGD.V) Monday announced the appointment of Simon Britt as president and chief executive officer, effective immediately.The company said that Britt succeeds Guy Morissette, who has chosen to step down from the day-to-day management and administration of the company as part of a planned transition with the board of directors.The company also said that Morissette will "remain active" within Bullion as a strategic advisor and member of the Technical Committee.The company further said that Britt is a "seasoned executive" with over 25 years of experience in finance, capital markets, and project development in the natural resources and energy sectors.It added that, prior to joining Bullion, Britt held senior management positions with public and private mining companies and served as a strategic advisor to Indigenous organizations and companies in the mining and energy sectors."I thank Guy for his dedication and expertise in contributing to and developing Bullion's various mining projects," said Gilles Laverdiere, Chairman of the Board. "Simon's arrival marks a significant milestone for the Company. His strong financing expertise, strategic discipline, and ability to create value in complex environments will be major assets in accelerating the development of our projects."The company's shares were last seen unchanged at $0.10 on the TSX Venture Exchange.

$BGD.V

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