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EnviroGold Global Advancing Centralized Hub Model To Reduce Risks, Accelerate Revenue Generation

EnviroGold Global (NVRO.V) said Monday that it is advancing a centralized processing hub model that will use its proprietary NVRO Process to recover precious, base, and critical metals from mine waste and tailings.Under the plan, the company said it can process tailings from multiple projects through shared, partner-operated infrastructure.EnviroGold said this approach reduces the need for standalone processing facilities, improves access to processing capacity for owners of tailings, and enables the aggregation of feedstock across multiple sources.According to EnviroGold, the centralized hub model supports earlier revenue generation and reduces capital requirements and development risks."We believe this model enhances our ability to participate in the growing demand for critical minerals while maintaining a disciplined and scalable approach to deployment," chief executive Grant Freeman said.

$NVRO.V

Mining & Metals116d ago

West Red Lake Gold Mines Provides Drill Results From Madsen Mine

West Red Lake Gold Mines (WRLG.V) Monday provided drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.The company said recent drilling success from the Austin 904 "demonstrates the potential for discovery of additional high-grade lenses of gold mineralization in the main Austin Zone very similar to those that have already been delineated in the South Austin 4447 area during the 2025 campaign." It is anticipated that the 904 Complex will continue to be a primary focus of drilling at Madsen for the remainder of 2026 with initial production from this area expected in the first half of 2027.Hole MM26D-13-4881-031 intersected 5.35 metres (m) at 215.46 grams per tonne (g/t) gold (Au), from 135.10m to 140.45m, including 2.95m at 388.90 g/t Au, from 136.00m to 138.95m. Hole MM26D-13-4881-034 intersected 4.05m at 50.34 g/t Au, from 135.5m to 139.55m, including 0.5m at 390.36 g/t Au, from 137.05m to 137.55m.It also said hole MM26D-13-4881-018 intersected 3m at 61.70 g/t Au, from 122.5m to 125.5m, including 0.5m at 61.70 g/t Au, from 123.5m to 124.0m. The company said these intercepts were complemented by multiple occurrences of visible gold spatially associated with quartz veining and strong silicification."For historic comparison, the High-Grade Zone discovery by Goldcorp Inc. in Red Lake was initially established on nine holes with a weighted average grade of 311 grams per tonne gold, uncapped, over 2.3 metres - we already have multiple results received to date out of 904 that exceed these grades and thicknesses," said West Red Lake Gold Mines vice president of Exploration Will Robinson. "Additionally, our definition drills have only begun testing the upper 30 metres of the currently modeled 200 metre by 200 metre mineralized panel in 904 - which is believed to be fully intact and has had no historic mining."Shares of the company closed unchanged at $0.99 on Friday on the TSX Venture Exchange.

$WRLG.V

Mining & Metals116d ago

Bank of Montreal Announces Partnerships With Quantum Industry Canada, Chicago Quantum Exchange

Bank of Montreal (BMO.TO), up 3% in U.S. pre-market trading, Monday announced new partnerships with Quantum Industry Canada (QIC) and the Chicago Quantum Exchange (CQE).BMO last week launched its Institute for Applied Artificial Intelligence & Quantum, a centre of excellence that is focused on the responsible application and governance of AI and the advancement of quantum capabilities. These initiatives reflect BMO's commitment to "innovating, developing and integrating" technologies that will shape the future of financial services and the broader economy, a statement said."Quantum technologies present significant long-term potential, along with important questions around security, governance and real-world application," said Dr. Kristin Milchanowski, chief AI & quantum officer, BMO. "These partnerships enable us to engage constructively with leading organizations across Canada and the U.S. as the field continues to develop, while taking a responsible, informed approach grounded in collaboration, learning and readiness."BMO also recently joined the IBM Quantum Network.BMO shares were last seen up US$4.28, to US$148.59, in New York trading.

$BMO$BMO.TO

Mining & Metals116d ago

Update: GFL Down 2.5% In US Premarket As Moves To Buy SECURE Waste Infrastructure

(Updates share price and adds commentary from Stifel Canada on Bloomberg report flagging GFL buying Secure in paragraphs four and five)GFL Environmental Inc. (NYSE and TSX: GFL) was at last look down 2.5% in US premarket trade after saying Monday it has agreed to acquire all of the issued and outstanding common shares of SECURE Waste Infrastructure Corp. (SES.TO) for $24.75 per SECURE common share, representing an enterprise value of approximately $6.4 billion.In a statement GFL said consideration for the transaction will be satisfied through a combination of 80% in GFL subordinate voting shares and 20% in cash. It added the transaction will be implemented through a plan of arrangement under the Business Corporations Act (Alberta).Among highlights, GFL said the deal will be immediately accretive, increasing Adjusted Free Cash Flow per share by 12% to 15% and will give it a "highly attractive financial profile", increasing Adjusted EBITDA margin to 31.6% and Adjusted Free Cash Flow conversion to between 40.5% and 42.5% on a pro forma basis.Stifel Canada noted Bloomberg had reported that GFL may offer to acquire SECURE for $24.50 per share, which would have been a 15% premium to Friday's close, but slightly below its target price of $26.00 per share. It noted the implied 2026 estimated valuation was 12 times the enterprise multiple (EV/EBITDA) and 25.5 times price earnings P/E.Stifel Canada said, "If this offer from GFL comes to fruition it would be solid, but we do believe that SES could potentially fetch a slightly higher price given the growth outlook. There is no certainty a deal will be completed, but the stock should trade up sharply today, and this potential interest in SES from GFL does help bolster our investment thesis. Our view has been that SECURE's business has become significantly more resilient over the last five-years and is more akin to its residential and industrial waste peers."Shares in SES closed Friday up $0.07 or 0.33% at $21.36. GFL was down by more than 3% in both Canada and the U.S. last Friday.

$GFL.TO$SES.TO

Mining & Metals116d ago

Almonty Industries Establishing U.S. Corporate Headquarters

$AII.TO

Mining & Metals116d ago

Ballard Power Systems Names Ralph Robinett as Chief Operating Officer

$BLDP.TO

Mining & Metals116d ago

Kolibri Global Energy Accelerates Drill Campaign Amid Oil Price Spike

Kolibri Global Energy (KEI.TO) said Monday that it will accelerate its plan to drill three 1.5-mile lateral wells in the Tishomingo field in Oklahoma amid the recent spike in oil prices.The company said it expects to begin drilling the Clifton Mac 11-14-1H, Clifton Mac 11-14-2H, and Clifton Mac 11-14-3H wells next week.As a result, Kolibri expects its 2026 average production to rise 10%-20% year over year to a range of 4,400-4,800 barrels of oil equivalent per day. Revenue is projected to climb 30%-39% to a range of US$74 million-US$79 million.The company also forecast a 31%-43% increase in adjusted EBITDA to a range of $55 million-$60 million. All estimates are based on an oil price of $74 per barrel."The cash flow generated will be used to pay down debt, return capital to shareholders, and also provides us with the ability to drill more wells this year," chief executive Wolf Regener said. "If oil prices remain elevated above our base forecast case, this would result in even greater free cash flow and provide us with more options."

$KEI.TO

Mining & Metals116d ago

MDA Space Unveils Space Control Platform MDA MIDNIGHT

MDA Space (MDA.TO) overnight Sunday announced MDA MIDNIGHT, a space control platform for defence organizations to defend and protect the space domain.In a statement the company noted that, MDA MIDNIGHT is a maneuverable spacecraft that employs "high-reliability rendezvous and proximity operations (RPO)" to detect, identify, counter and deter threats to critical space assets and orbits.The company further said that the spacecraft can also be used to augment existing military missions through on-orbit surveillance, asset relocation and satellite refueling.The company added that MDA MIDNIGHT also leverages recent advancements and investments in the company's "diverse product suite," including MDA SKYMAKER commercial robotics and MDA AURORA satellite bus platform."With new and emerging threats from adversaries, the critical space infrastructure that we all depend on requires greater protection," said Mike Greenley, chief executive of MDA Space."Backed by 40 years of on-orbit robotics operations, decades of mission planning and satellite operations, advanced digital technologies and our high-volume commercial production capacity, MDA MIDNIGHT brings together the elements required for this critical mission, helping national and international defence organizations safeguard the space domain on which billions rely."

$MDA.TO

Mining & Metals116d ago

Open Text Announces European Cloud Solutions Partnerships

Open Text (OTEX.TO) said Monday, it will offer some of its enterprise data and AI solutions on the AWS European Sovereign Cloud, a new independent cloud-based infrastructure for Europe.The AWS European Sovereign Cloud is separate from current AWS global regions and is backed by "strong technical controls, sovereign assurances, and legal protections" to meet the needs of European governments and enterprises, company said in a statement said.OpenText separately announced a strategic partnership with S3NS, which is an alliance between Thales, a French cybersecurity company, and Google Cloud, to offer to European organizations a cloud platform that meets strict French security and compliance criteria.The partnership delivers a hybrid cloud architecture for Europe out of France, helping organizations to keep their most sensitive data workloads within a locally governed environment, while leveraging hyperscaler cloud services for non-sensitive workloads, innovation, and scale, a statement said."Across Europe, organizations are seeking innovation that preserves sovereignty and control. OpenText is delivering on that need by pairing hyperscaler innovation with an independently governed operating model, giving customers the confidence to modernize while keeping their data, access, and operations securely under regional control," said chief information officer Shannon Bell.OpenText shares closed up $0.43, to $28.83, on Friday on the Toronto Stock Exchange.

$OTEX.TO

Mining & Metals116d ago

K92 Mining Says Lower Q1 Production From Kainantu Was "In Line With Budget"; Reiterates 2026 Annual Production Guidance

K92 Mining (KNT.TO) on Monday reported that its first-quarter production from the Kainantu gold mine in Papua New Guinea fell year over year, but was "in line with budget". while it reiterated its 2026 annual production guidance.Among highlights, KNT's first-quarter production of 46,743 ounces gold equivalent, or 44,022 oz gold, 1,696,714 lbs copper and 38,845 oz silver, was down from 47,817 ounces in the year-ago quarter. Quarterly sales were 44,854 ounces of gold, 1.9 million pounds of copper and 41,467 ounces of silver.The company reiterated its 2026 annual production guidance of 190,000 to 225,000 ounces gold equivalent, with production expected to be strongest in the second half of the year, driven by the progressive ramp-up in ore tonnes mined and processed from two new mining fronts and the completion of key expansion enabler projects.The company processed 142,017 tonnes of ore in the first quarter, a 37% increase year over year, with a head grade of 10.9 grams per tonne gold equivalent.Metallurgical recoveries were 95.1% for gold and 94.0% for copper, exceeding the updated definitive feasibility study recovery parameters for gold and performing in line for copper.KNT also cited record quarterly mine development of 3,007 metres (a 21% increase from Q1 2025), which included a new monthly development record of 1,067 metres achieved in March 2026, supported by the completion of a number of infrastructure and operational improvement initiatives in the second half of 2025 and Q1 2026.It also cited quarterly total material mined (ore plus waste) of 378,430 tonnes and record quarterly tonnes to surface of 410,356 tonnes, highlighting the positive impact of the first material pass, the commencement of surface trucks operating in the Twin Incline and the completion of the Decline-Incline Convergence Project connecting the Main Mine with the Twin Incline via internal ramp access in late January 2026.John Lewins, K92 Chief Executive Officer and Director, said: "Q1 marked a strong start to 2026, with production of 46,743 ounces gold equivalent in line with budget, continued strong performance from the Stage 3 Expansion Process Plant, and record development rates exceeding our Stage 3 requirements. During the quarter, we also completed several key enabler projects and made significant progress on others, well positioning the operation for further growth. Importantly, we are increasingly realizing the benefits of our recent investments, with infrastructure upgrades, increased equipment capacity and operational improvements driving meaningful gains across the operation."With production stoping from two new mining fronts set to come online this year, including the first later this month, and key enabler projects advancing well, we remain firmly on track to deliver stronger production in the second half of the year and achieve our full-year guidance."Shares in KNT were up 0.16% last Friday.

$KNT.TO

Mining & Metals116d ago

Yangarra Resources Names James Evaskevich As Executive Chair Of Board

Yangarra Resources (YGR.TO) Monday named James Evaskevich as its Executive Chair of the board following the passing of Gordon Bowerman, the board chairman.The company also announced the appointment of Dale Miller as its lead director and Robert Weir as a member of the audit committee.Shares of the company closed up 2.9% to $1.4 on Friday on the Toronto Stock Exchange.

$YGR.TO

Mining & Metals116d ago

BMO Announcing Partnership with Quantum Industry Canada and Chicago Quantum Exchange

$BMO.TO

Mining & Metals116d ago

Aclara Announcing Results from Technical Reports on Its Integrated Heavy Rare Earths Supply Chain

$ARA.TO

Mining & Metals116d ago

GFL Down 3.75% In US Premarket As Moves To Buy SECURE Waste Infrastructure

GFL Environmental Inc. (NYSE and TSX: GFL) was at last look down 3.75% in US premarket trade after saying Monday it has agreed to acquire all of the issued and outstanding common shares of SECURE Waste Infrastructure Corp. (SES.TO) for $24.75 per SECURE common share, representing an enterprise value of approximately $6.4 billion.In a statement GFL said consideration for the transaction will be satisfied through a combination of 80% in GFL subordinate voting shares and 20% in cash. It added the transaction will be implemented through a plan of arrangement under the Business Corporations Act (Alberta).Among highlights, GFL said the deal will be immediately accretive, increasing Adjusted Free Cash Flow per share by 12% to 15% and will give it a "highly attractive financial profile", increasing Adjusted EBITDA margin to 31.6% and Adjusted Free Cash Flow conversion to between 40.5% and 42.5% on a pro forma basisShares in SES closed Friday up $0.07 or 0.33% at $21.36. GFL was down by more than 3% in both Canada and the U.S. last Friday.

$GFL.TO$SES.TO

Mining & Metals116d ago

GFL To Acquire All of Issued and Outstanding Common Shares of SECURE for $24.75 per Common Share

$GFL.TO$SES.TO

Mining & Metals116d ago

Eco (Atlantic) Oil & Gas Farms Down Namibia Portfolio to BP

Eco (Atlantic) Oil & Gas (EOG.V) on Monday said it has signed an agreement to farm down 60% participating interest in all three of its petroleum exploration licenses offshore Namibia to BP Namibia Energy.Under the agreement, Eco subsidiaries will farm out an aggregate of 60% participating interest and transfer operatorship to BP of Block 2012A PEL97, Blocks 2111B and 2211A PEL99, and blocks 2211B and 2311A PEL100.At deal completion, Eco will retain a 25% interest in PEL97, PEL99 and PEL100. Deal completion is subject to customary conditions and approvals from the Namibian authorities, Ministry of Industries Mines and Energy and Upstream Petroleum Unit at the State House.A one-time cash consideration of US$2.7 million is payable at deal completion.If BP and its partners elect to enter the second renewal period of the license term in 2028 and commit to drilling an exploration well, Eco will have the option to either exercise a put option to transfer an additional 10% participating interest to BP in exchange for a full carry on Eco's remaining 15% participating interest subject to a cap of $21 million net to Eco for each well on each of the licenses; or elect to retain its 25% participating interest of the costs associated with such drilling of a well during the second renewal period.The maximum aggregate carry consideration payable by BP in respect of each put option is $63 million with a cap of $21 million per put option.Eco can elect to retain its 25% paying interest or to farm out to other potential partners.Eco will use deal proceeds to support its ongoing exploration and appraisal activities across its Atlantic Margin portfolio and for general working capital purposes.

$EOG.V

Mining & Metals116d ago

Both Nasdaq 100 Futures S&P Futures Down Near 0.6%

S&P/TSX CompositeS&P/TSX Composite

Mining & Metals116d ago

Montage Gold Says Shareholders and Optionholders of African Gold Voted In Favour of Schemes of Arrangement In Relation to Proposed Transaction Between Them

$MAU.TO

Mining & Metals116d ago

Kolibri Global Energy Providing Operations and Corporate Update

$KEI.TO

Mining & Metals116d ago

Brixton Metals Closes C$4 Million Private Placement Offering

Brixton Metals (BBB.V) late on Friday said it has closed a non-brokered private placement offering of national flow-through shares and critical mineral flow-through shares for combined gross proceeds of C$4.0 million.The offering is composed of 1.1 million national flow through shares at $1.35 apiece and 1.8 million critical mineral flow-through shares at $1.44 apiece.The proceeds from the sale of FT shares will be used to incur "Canadian exploration expenses" and "flow-through mining expenditures" as defined in the Income Tax Act (Canada).The proceeds from the sale of CMFT shares will be used to incur "flow-through critical mineral mining expenditures" as defined in the Act.Exploration expenditures are mainly for exploration and drilling at the company's Thorn copper-gold project in British Columbia and the Langis silver-cobalt project in Ontario.The company also paid $30,000 and issued 20,833 non-transferable common share purchase warrants to an arm's length party who assisted in introducing a subscriber to the offering. Each compensation warrant is exercisable to acquire one common share in the capital of the company at an exercise price of $1.44 until April 10, 2028.

$BBB.V

Showing 5821-5840 of 5869

Mining & Metals116d ago

K92 Mining Says Lower Q1 Production From Kainantu Was "In Line With Budget"; Reiterates 2026 Annual Production Guidance

$KNT.TO