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Mining & Metals151d ago

Sun Life Financial Upgraded To Outperform From Sector Perform at National Bank As Improved U.S. Performance Seen, notes BNN TV

$SLF.TO

Mining & Metals151d ago

First Quantum Upgraded To Neutral From Underweight at JP Morgan On Upside Risks To 2027 and 2028 Estimates If Early Restart In Panama Achieved, notes BNN TV

$FM.TO

Mining & Metals151d ago

Questor Technology Secures $1.9 Million From National Research Council Canada to Commercialize 1500kW Heat-to-Power System

Questor Technology (QST.V) won $1.9 million to complete development and launch commercialization of its 1500-kilowatt Rankine Cycle (ORC) Heat-to-Power Generation System from National Research Council of Canada (NRC), it said Friday.Its 1500kW ORC converts both high- and low-temperature waste heat into dispatchable electricity that can be consumed on-site or exported to the grid, and is engineered as the natural companion to the company's Q-Series Thermal Oxidizers, the company said.Questor expects to complete testing of the 1500kW prototype in the second quarter of 2026, with commercial rollout to follow later this year.Shares of the company closed up 8.3% to $0.325 on Thursday on the TSX Venture Exchange.

$QST.V

Mining & Metals151d ago

Battery Mineral Resources Provides Update on Ontario Portfolio

Battery Mineral Resources' (BMR.V) portfolio of four exploration projects in northeastern Ontario warrant additional exploration of "numerous" priority targets, the company said on Friday.The four projects -- McAra, Gowganda, Shining Tree and Wilder, are situated west of the historic silver-cobalt mining town of Cobalt and north of the city of Sudbury and is known as the Cobalt Embayment.All four projects require additional drilling to better define resources. Furthermore, additional follow-up of other silver-cobalt targets is needed at Shining Tree and, due to its proximity to the Juby gold deposit to the west, re-assessment and targeting for gold will be a priority, Battery said. At Wilder, the company is targeting contact-style silver-cobalt mineralization in the central portion of the property.According to a statement, the Cobalt Embayment hosts over 70 silver-cobalt deposits that have collectively produced 525 million ounces of silver and 50 million pounds of cobalt from high grade veins in the Cobalt, Gowganda and Elk Lake mining camps."The company's investment to date in acquiring and exploring has identified a new cobalt resource and numerous high priority targets. Given the current focus on precious and critical minerals, further exploration of the Ontario assets represents an opportunity to generate additional value. We have received various expressions of interest on these properties from several third parties, and BMR will continue to review alternatives to maximize value to our shareholders," said chief executive Laz Nikeas.Battery Mineral Resources shares closed down $0.005, to $0.175 on Thursday on the TSX Venture Exchange.

$BMR.V

Mining & Metals151d ago

Happy Belly Food Group's Heal Wellness QSR Announces the Opening of its Newest Corporate Location in Toronto, Ontario

Happy Belly Food Group (HBFG.CN) will open its newest Corporate Heal Wellness restaurant, on April 25, 2026, at 1092 Queen Street West, Toronto, Ontario, the company said on Friday.Heal Wellness is a "fast-growing quick-service restaurant ("QSR") brand specializing in fresh smoothie bowls, acai bowls, and smoothies, built around clean ingredients and a better-for-you lifestyle," stated the company."Today's news underscores the effectiveness of our expansion strategy and moves us closer to our goal of positioning Heal Wellness as North America's leading smoothie bowl chain, defined by both its footprint and disciplined unit economics," said Sean Black, Chief Executive Officer of Happy Belly. "With the opening of our 8th corporately run location, and a growing consumer demand for fresh, health-driven offerings, we are building a scalable platform designed to drive both top-line growth and bottom-line profitability, while continuing to expand our portfolio of premium restaurant concepts across Canada."

$HBFG.CN

Mining & Metals151d ago

FireFly Metals' Shareholders Approve Sale of Ontario Gold Assets

FireFly Metals (FFM.TO) and Bellavista Resources (ASX: BVR) obtained all necessary shareholder approvals for the sale of FireFly's Ontario gold assets to Bellavista, it said Thursday.All conditions precedent have been satisfied or waived, and completion of the deal is expected to occur on April 29.The sale assets comprise FireFly's 70% interest in the Pickle Crow project and 100% of the Sioux Lookout project. The total scrip consideration is 60-million Bellavista shares and contingent consideration of 50-million Bellavista performance rights, it said.FireFly shareholders are expected to receive one Bellavista share for about every 12.8 FireFly shares held. The company intends to retain the contingent consideration performance rights and accordingly, these will not be distributed to FireFly shareholders under the in-specie distribution.Shares of the company closed up 0.5% to $2.07 on Thursday on the Toronto Stock Exchange.

$FFM.TO

Mining & Metals151d ago

S&P Futures Now Up 0.4% and Nasdaq 100 Futures Up 1.3% After Pakistan Officials Say a Second Round of US-Iran Talks Are Expected

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Mining & Metals151d ago

Bengal Energy Announces $1.5 Million Private Placement of Shares

Bengal Energy (BNG.TO) plans to raise $1.5 million through a non-brokered private placement of shares, the company said on Friday.The company will place 42.3 million shares at $0.035 apiece. A director, Bill Wheeler, is interested in subscribing for 28.6 million shares for $1.0 million, a statement added.Proceeds will be used to develop the Ramses property in Queensland's Cooper Basin and to repay the $1.15 million demand promissory note with Texada Capital Management, that was issued on April 6.The offering will close on April 30.Bengal Energy shares closed down $0.005, to $0.04, on Thursday on the TSX Venture Exchange.

$BNG.TO

Mining & Metals151d ago

Emerita Confirms Receipt of a Second Unsolicited Offer Letter From Denarius Metals

Emerita Resources (EMO.V) received a second unsolicited offer letter from Denarius Metals Corp. to acquire all of its issued and outstanding common shares at $0.45 per share, the company said Friday.A special committee comprised of independent directors was formed in response to the unsolicited offer letter received from Denarius on April 10, 2026, and this M&A Committee will "consider and evaluate strategies to maximize shareholder value, including pursuing one or more strategic transactions and continuing to execute on the company's existing business plan", it added.Emerita confirmed Friday that on April 23, 2026, it received a second unsolicited offer letter from Denarius, with consideration structured entirely in common shares of Denarius.Emerita noted Denarius, as referenced in the First Offer Letter and in their press releases, characterizes the latest offer as a proposal with Denarius anticipating a transaction between the companies would be completed by way of a court-approved plan of arrangement, or a similar type of appropriate corporate transaction, which would be subject to mutually agreeable terms and conditions to be set out in a definitive agreement as well as all required court, regulatory and shareholder approvals. Denarius has not outlined any other terms or conditions in its second offer letter, Emerita also noted.Emerita's board, in consultation with advisors, will review the second offer letter and determine the course of action that is in the best interests of the company and its shareholders, the company said, adding: "no action is required by Emerita shareholders at this time".There can be no certainty that Denarius' offer or any other strategic transaction will be pursued by Emerita, supported by the M&A Committee or the board or ultimately completed, Emerita said.Shares in EMO eased $0.01 or 2.6% to $0.37 yesterday.

$EMO.V

Mining & Metals151d ago

Imperial Metals Reports Lower Copper and Gold Production for Q1 2026 from Red Chris Mine

Imperial Metals (III.TO) reported lower copper and gold production for the first quarter 2026 from Red Chris mine, the company said after markets closed on Thursday.Red Chris metal production for the first quarter of 2026 was 18.982 million pounds copper and 20,108 ounces gold, compared to 23.126 million pounds copper and 21,663 ounces gold produced during the same quarter of 2025. Both copper and gold production were down compared with the first quarter of 2025, with copper production down 18% and gold production down 7%, said the company.The copper production fell as a result of a 16% decrease in copper grade, with higher recovery and lower throughput, said the company and added that the decrease in gold production was a result of lower gold grade in the mill feed and lower throughput, offset by better gold recovery compared to the same quarter last year."Imperial's 30% share of Red Chris mine production was 5.695 million pounds copper and 6,032 ounces gold," said the company.Both copper and gold production were however in line with the budgeted 2026 production, said the company and added that the guidance for 2026 Red Chris production (100%) remains 60 - 66 million pounds of copper and 47,500 - 52,500 ounces of gold.

$III.TO

Mining & Metals151d ago

Hydro One to Construct Red Lake Transmission Line in Northwest Ontario

Hydro One (H.TO) will develop and construct the Red Lake transmission line in northwest Ontario, the company said on Friday.The proposed project consists of a new double-circuit 230-kilovolt transmission line that will run from Dryden Transformer Station (TS) north to Ear Falls TS, including associated station facilities and will continue on to connect to Red Lake Switching Station. It is expected to be in service by the early 2030s.The Red Lake Transmission Line is expected to add about 400 megawatts of electricity in northwest Ontario, nearly quadrupling existing capacity. It is also expected to strengthen regional reliability and reinforce the grid for newly connected northern remote communities and the broader region, a statement said.Proximate First Nations can invest in a 50% equity stake in the transmission line component of the project.Hydro One shares closed up $1.23 to $58.11 on Thursday on the Toronto Stock Exchange.

$H.TO

Mining & Metals151d ago

Fiera Capital Reports Fall in Assets Under Management

Fiera Capital (FSZ.TO) reported its preliminary estimate of assets under management (AUM) of about $160.2 billion as at March 31, compared to $164.1 billion as at Dec. 31, 2025, it said.The company's total AUM declined 2.4% quarter-over-quarter, largely reflecting significant equity market volatility in the month of March, it said. Total average AUM was down 1.9% from the prior quarter."Private markets AUM increased 0.9% reflecting positive market and foreign exchange impact and nominal net inflows," said the company in a statement.It will issue its financial results for the first quarter of 2026 on Friday, May 8, 2026, before markets open.Shares of the company closed down 1.6% to $5.71 on Thursday on the Toronto Stock Exchange.

$FSZ.TO

Mining & Metals152d ago

Nasdaq 100 Futures Up Near 0.8%, Boosted By Intel Earnings and Chip Stocks; S&P Futures Flat

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Mining & Metals152d ago

S&P Futures Flat

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Mining & Metals152d ago

Westport Fuel Systems Reports Wider Q4 Net Loss, Lower Revenue; Raises Going Concern Risk

Westport Fuel Systems (WPRT.TO) on Thursday reported a wider loss and lower revenue for the fourth quarter.The company lost US$11.1 million, or US$0.65 per share, in the period, compared with a loss of US$10.1 million, or US$0.58, a year ago. FactSet figures were not available.Revenue fell to US$1.9 million from US$7.3 million a year prior. FactSet projected US$1.1 million.As of Dec. 31, 2025, the company had US$27.2 million in cash and US$2.9 million in outstanding debt to Export Development Canada. "Based on our projected capital expenditures, debt servicing obligations and operating requirements under our current business plan, we are projecting that our cash and cash equivalents will not be sufficient to fund our operations through the next twelve months from the date of the issuance of our consolidated financial statements," it said.The company added that it plans to raise more money through public markets, new loans, or other financing options, however, there is no guarantee it will secure the needed funding. "Accordingly, we concluded under the accounting standards that these plans do not alleviate the substantial doubt about Westport's ability to continue as a going concern."

$WPRT.TO

Mining & Metals152d ago

BQE Water's Q4 Profit Rises on Higher Revenue

BQE Water (BQE.V) on Thursday reported a 36% rise in its fourth-quarter profit on higher revenue.Net income for the three months ended Dec. 31 rose to $1.65 million from $1.21 million in the same period a year earlier.Revenue for the quarter rose to $7.50 million from $5.09 million in the prior-year period.In its 2026 outlook, the company said it has "good visibility and certainty over several larger technical services contracts and expect strong results in the first half of 2026". It added operations services for the emergency treatment system at Eagle Mine will continue until June 2026. "Since we do not have an agreement to operate the system for more than 6 months, we will continue to report this project under technical services," it added.BQE noted its new aquatic toxicology laboratory will become operational and be able to perform a range of specialized investigative tests in prior to the end of the second quarter."Building on our strong growth throughout the year, we closed out the fourth quarter achieving new records across nearly every key metric in our annual results. During the fourth quarter, we completed the operating season at Eagle Mine discharging over 1 million cubic meters of clean water for emergency treatment and mobilized our team to be ready to operate the 20-year operations service contract at the Britannia Mine treatment plant," said chief executive David Kratochvil."It will be another growth year in 2026 for BQE, as we anticipate continuing our emergency treatment at Eagle, restarting/resuming operations at the 7 sites we operated in 2025, and taking over operations at 4 additional treatment plants in BC, Quebec, and the Yukon."Shares of the company closed up $0.50 at $73 on TSX Venture Exchange.

$BQE.V

Mining & Metals152d ago

West Red Lake Gold Reports 2025 Production Results and Provides 2026 Production Guidance

West Red Lake Gold Mines (WRLG.V), after the close Thursday, reported its 2025 production results and 2026 guidance.The company said in 2025, the Madsen mine transitioned from restart activities to an operating mine, establishing mining fronts, advancing underground development and improving mill performance to support sustained operations. This progress is expected to continue through the first half of 2026, with a full production run rate targeted in the second half of the year, the company said.Madsen mine produced 20,000 ounces of gold in 2025, while revenue totaled C$103 million. The company expects 2026 gold production from the Madsen mine to range between 35,000 ounces and 45,000 ounces."We established a strong operating base at Madsen in 2025 and ramp up is progressing as planned. We are now focused on building consistency into the operation through 2026. Our priority is execution, expanding available mining areas, improving sequencing, and continuing to advance underground development. As production increases further, we expect to generate meaningful cash flow that will be directed toward accelerated development and infrastructure to support higher mining rates and improved costs, as well as earmarked for debt repayment," said chief executive Shane Williams.WRLG said it is executing on a strategy that is "centered on building a scalable, multi-asset gold operation in the Red Lake district, anchored by the Madsen mill and supported by a hub and spoke model"."It begins with establishing sustainable production and advancing infrastructure in 2026, followed by integrating additional mining areas and satellite deposits starting in 2027," it added.Shares of the company closed down $0.01 at $1.02 on TSX Venture Exchange on Thursday.

$WRLG.V

Mining & Metals152d ago

Pan Global Resources Brief: Raises C$7.2 Million in Private Placement of 45-Million Shares Priced at C$0.16 Each to Strategic Investor Alpayana

$PGZ.V

Mining & Metals152d ago

TSX Closer: Index Down As News of U.S. Reclassification Fails To Keep Fire Burning Under Cannabis Stocks

The Toronto Stock Exchange edged lower on Thursday as news of the U.S. reclassification of cannabis initially lit up cannabis stocks, but failed to keep a fire burning as investors realized full legalization of the sector will require further legislative action.The S&P/TSX Composite Index closed down 42.18 points to 33,912.93, only its fourth loss in 17 sessions, as investors also took profits after a recent run of winning days, while geopolitical tensions and uncertainty around the Iran war continue to cast a shadow over the outlook for markets.Sectors were mixed, but the two biggest movers were Health Care, down 7.7% and Info Tech, down 4.5%. The Battery Metals Index was up 4%.Within the health sector, cannabis firms lost early gains Thursday as investors at first welcomed news the Department of Justice was "immediately rescheduling FDA-approved marijuana and state-licensed marijuana from Schedule I to Schedule III", but after some more inspection seemed to conclude the move fell short of full legalization.Aurora Cannabis (ACB.TO) was down 14%, Canopy Growth (WEED.TO) fell 13%, Cronos Group (CRON.TO) was down 8% and Tilray Brands (TLRY.TO) lost 13%.BNN Bloomberg spoke with Pablo Zuanic, managing partner at Zuanic & Associates, about the implications for cannabis companies, investors and the broader industry. Among key takeaways, BNN noted the change reduces tax burdens by allowing companies to deduct operating expenses, improving cash flow, while expanded research and federal registration for operators are expected to support industry development. But, BNN also noted, cannabis remains federally illegal, and interstate trade and exports are still restricted. The move is seen as a step toward broader reform, but full legalization would require further legislative action.Of commodities, the Energy sector was up near 1.8% as West Texas Intermediate crude oil closed higher with the United States and Iran making little progress to end a war that has produced the largest-ever supply shock with shipments from the Persian Gulf region barred from the Strait of Hormuz. WTI crude oil for June delivery closed up US$2.89 to settle at US$95.85 per barrel, while June Brent oil was up US$3.07 to US$104.98.Base Metals lost near 3.2% as gold fell, remaining rangebound amid concerns high oil prices will push up inflation and force hikes to interest rates. Gold for June delivery was down US$34.00 to US$4,719.00 per ounce.

S&P/TSX CompositeS&P/TSX Composite$HMMJ.TO

Mining & Metals152d ago

Life & Banc Split Announces Preferred Share Offering

Life & Banc Split (LBS.TO) on Thursday said it raised $76.4 million in an overnight offering of preferred shares.The preferred shares were offered at a price of $10.50 per share to yield 6.9%.Shares of the company closed up $0.05 at $11.84 on Toronto Stock Exchange on Thursday.

$LBS.TO

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Mining & Metals152d ago

TSX Closer: Index Down As News of U.S. Reclassification Fails To Keep Fire Burning Under Cannabis Stocks

S&P/TSX CompositeS&P/TSX Composite$HMMJ.TO