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GoldHaven Resources Plans to Raise Up to C$2 Million

GoldHaven Resources (GOH.CN) plans to raise gross proceeds of up to C$2 million through a flow-through non-brokered financing, it said late Monday.The company plans to issue flow-through common shares priced at C$0.265 each, it said.The company expects the offering to support its upcoming maiden drill program at its flagship Magno Project in British Columbia, said GoldHaven.The company will use the gross proceeds to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures, it said.Completion of the offering is subject to customary closing conditions, added GoldHaven.

$GOH.CN

Mining & Metals29d ago

Apptly Health to Raise C$1 Million Via Non-Brokered Private Placement

Apptly Health Technologies (APPT.CN) intends to complete a non-brokered private placement for up to C$1 million, it said in a statement late Monday.The offering will consist of up to 8-million units at C$0.125 apiece. Each unit will consist of one common share and one common share purchase warrant with each warrant entitling the holder to buy a share for C$0.25 at any time for a one-year period following the closing date, subject to acceleration.Proceeds are expected to be primarily used for general working capital needs.Shares of the company closed up 8.3% to C$0.13 on Monday on the Canadian Securities Exchange.

$APPT.CN

Mining & Metals29d ago

FireFly Metals to Raise A$180 Million for Green Bay Project, Releases Economic Assessment

FireFly Metals (FFM.TO) has launched an equity raising of A$180 million to advance its Green Bay Copper-Gold Project, the company said Monday.The equity raising is composed of a A$150 million Australian Securities Exchange institutional placement of new shares and a Canadian bought deal private placement to raise C$29.6 million. The company will issue up to about 101.1 million ordinary shares at A$1.78 per new share.The company also released results of a preliminary economic assessment/scoping study and an updated mineral resource estimate for the Green Bay Ming Mine Copper-Gold Project.At the base case of 1.8 million tonnes per annum, the after-tax net present value discounted at 7% is A$2.2 billion with an internal rate of return of 41% over an initial 32-year mine life.The Green Bay project is now supported by a revised MRE that stands at 60.2 million tonnes at 2.4% copper equivalent in the measured and indicated resource categories and 23.5 million tonnes at 2.5% copper equivalent of inferred mineral resources.A feasibility study is expected to be delivered in the first quarter of 2027 and will support a final investment decision and construction in the first half of 2027.

$FFM.TO

Mining & Metals29d ago

Scotiabank Q3 Adjusted Earnings Rise, Beat FactSet Estimates; Shares Gain in US Premarket

The Bank of Nova Scotia (BNS.TO, BNS) reported Q3 adjusted diluted earnings of C$2.28 per share, up from C$1.88 a year earlier and above the C$2.10 consensus estimate compiled by FactSet.Adjusted net income rose 18% year over year to C$2.97 billion.Revenue for the three months ended July 31 increased to C$10.54 billion from C$9.49 billion. The consensus on FactSet was for C$9.98 billion.The bank also declared a dividend of C$1.14 per common share, unchanged from the previous quarter.Shares closed down C$0.28 at C$120.29 in Toronto on Monday but were up 1% in US premarket trading Tuesday.

$BNS$BNS.TO

Mining & Metals29d ago

Earnings Flash (TUK.V) Tuktu Resources Ltd. Reports Q2 Revenue C$1.4M

$TUK.V

Mining & Metals29d ago

Earnings Flash (TPL.V) Tethys Petroleum Limited Reports Q2 Revenue $10.4M

$TPL.V

Mining & Metals29d ago

Earnings Flash (JUMP.V) LevelJump Healthcare Corp. Reports Q2 Revenue C$5.0M

$JUMP.V

Mining & Metals29d ago

Earnings Flash (BNS.TO) The Bank of Nova Scotia (Scotiabank) Posts Q3 Adjusted EPS C$2.28 vs. FactSet Est of C$2.10

$BNS.TO

Mining & Metals29d ago

Earnings Flash (BNS.TO) The Bank of Nova Scotia (Scotiabank) Reports Q3 Revenue C$10.54B, vs. FactSet Est of C$9.98B

$BNS.TO

Mining & Metals29d ago

Earnings Flash (BMO.TO) BMO Financial Group Posts Q3 Adjusted EPS C$3.96 per Share, vs. FactSet Est of C$3.77

$BMO.TO

Mining & Metals29d ago

Earnings Flash (BMO.TO) BMO Financial Group Reports Q3 Revenue C$9.90B, vs. FactSet Est of C$9.7B

$BMO.TO

Mining & Metals29d ago

BMO Financial Group Posts Increase in Fiscal Q3 Adjusted Net Income YoY

BMO Financial Group (BMO.TO) reported fiscal Q3 adjusted net income of C$2.86 billion, or C$3.96 per share, an increase from C$2.40 billion, or C$3.23 per share.Analysts polled by FactSet expected C$3.77.Revenue was C$9.90 billion, rising from C$8.98 billion.Analysts expected C$9.73 billion.The company declared a fiscal Q4 dividend of C$1.71 per common share, unchanged from the prior quarter and an increase of C$0.08, or 5% from the year-ago period. The dividend is equivalent to C$6.84 per share on an annualized basis.

$BMO.TO

Mining & Metals29d ago

McEwen COO to Retire, Makes Leadership Team Promotions

McEwen's (MUX.TO) chief operating officer William Shaver is set to retire, the company said Monday.Shaver will remain on the board of McEwen Copper, which is 46.3% owned by McEwen.As a result of the retirement, the company promoted Channa Kumarage to vice president of operations, Kevin Bromfield to vice president of development projects, and Zahir Jina to vice president of permitting, government relations and sustainability.

$MUX.TO

Mining & Metals30d ago

Calian Completes Galaxy Broadband Acquisition for C$24 Million Upfront, Plus C$27.5 Million Earnout

Calian Group (CGY.TO) after the close on Monday said it completed the acquisition of Galaxy Broadband Communications, a provider of satellite communications and remote connectivity solutions.On June 26, Calian announced a definitive agreement to acquire Galaxy Broadband from Crown Capital Partners. The acquisition was completed on the terms previously announced, including upfront consideration of approximately C$24 million, and an additional earnout consideration of C$27.5 million, Calian said.

$CGY.TO

Mining & Metals30d ago

Theralase Technologies Closes C$3.6 Million Private Placement

Theralase Technologies (TLT.V) after trade Monday said it closed a C$3.6-million private placement, issuing 14.8-million units at C$0.24 each.Each unit includes a share and one warrant and a warrant expiring in May, 2031 with each warrant to buy another share for C$0.32.The company plans to use the funds to complete safety studies for its cancer treatment Rutherrin and its cold sore treatment Ruvidar, as well as for working capital and general corporate purposes, it said.The warrants are set to begin trading on the TSX Venture Exchange around Aug. 27, subject to final approval, according to the statement.

$TLT.V

Mining & Metals30d ago

Badger Infrastructure Solutions Renews Share Buyback Program

Badger Infrastructure Solutions (BDGI.TO) after trade Monday said the Toronto Stock Exchange accepted its notice to conduct a share buyback program.The company may buy back up to 2.96-million shares from Aug. 27, for one year.Under its current normal course issuer bid, which expires tomorrow, Badger purchased 65,162 shares out of an allowed 2.91-million sharesBadger shares closed down C$0.91 to C$83.67 on the Toronto Stock Exchange.

$BDGI.TO

Mining & Metals30d ago

TSX Closer: The Index Closes Higher as Health Care, Telecom Gains Offset Lower Oil; Trade Tensions in Focus

The S&P/TSX Composite Index closed higher on Monday as gains in health care, telecommunications and other sectors lifted the benchmark, while investors weighed escalating Canada-US trade tensions and lower oil prices.The index closed up 93.89 points, or 0.3%, to 36,714.12, with most sectors up. Health Care led gainers, up 1.1%, while Telecom was up 0.7%. Industrials led decliners, down 1.1%.The Battery Metals Index, which includes companies listed both on the TSX and TSX Venture Exchange, jumped 4.4%.In commodities, West Texas Intermediate (WTI) and Brent crude fell on Monday as investors assessed the impact of new US sanctions targeting Iran and its trading partners. Prices remained under pressure despite continued supply concerns in the Middle East, with shipping through the Strait of Hormuz still sharply below pre-conflict levels. October WTI crude oil contract settled down $2.05, or 2.4%, at $85.01 per barrel, while October Brent oil was last seen down $2.44, or 2.6%, at $91.95 per barrel.Meanwhile, December Comex gold futures gained 0.6%, or $28.80, to $4,709.40 per ounce at last look.In currencies, the US dollar edged higher 0.6% against the Canadian dollar, with USD/CAD at 1.3848 at last look.In economic news, Prime Minister Mark Carney on Monday announced the investment of C$11 billion to build six icebreakers aimed at keeping key trade routes open and expanding access to international markets. The icebreakers will help cargo vessels navigate ice-covered sections and facilitate the shipment of about C$40 billion worth of Canadian goods annually.The investment comes as Canada seeks to diversify exports away from the United States and this program is seen as part of Canada's broader strategy to strengthen trade infrastructure following the collapse of bilateral trade talks late Friday.Saturday's new US tariffs on specific goods worth C$28 billion cover around 5% of Canadian exports to the US and raise the weighted average effective tariff on Canadian imports to 7.5 percentage points from about five points, hitting the country's economic growth, according to BMO Capital Markets in a Monday note.However, the heightened uncertainty strengthens the Bank of Canada's case for keeping interest rates on hold, according to BMO Capital Markets senior economists Robert Kavcic and Jennifer Lee.Meanwhile, RBC Economics said in a Saturday note, "We do not expect the broader macroeconomic impact of these new tariffs to be enough to push the Bank of Canada to seriously consider pivoting to interest rate cuts."

S&P/TSX CompositeS&P/TSX Composite$CAD$CXY$USD

Mining & Metals30d ago

Inter-Rock Minerals Renewing Share Buyback Program

Inter-Rock Minerals (IRO.V) said Monday it is renewing its normal course issuer bid (NCIB) to buy back up to one-million shares.The NCIB will run from August 29, for one year.Inter-Rock said it purchased 89,800 shares at an average price of C$1.02, under its current NCIB, which ends on August 28.The company's shares were last seen up C$0.03,or 2.8%, to C$1.11 on the TSX Venture Exchange.Price: $1.11, Change: $+0.03, Percent Change: +2.78%

$IRO.V

Mining & Metals30d ago

Visible Gold Mines Sells Non-Core MegaLi Lithium Property to PMET Resources

Visible Gold Mines (VGD.V) agreed to selll its MgaLi project in Quebec to PMET Resources (PMET.TO) and Noranda Royalties, it said Monday.The company said PMET will buy a 100% interest in the company's wholly owned 78 exclusive exploration rights that make up the MegaLi lithium property, and a 100% interest in 41 exclusive exploration rights owned by Noranda Royalties, in Quebec's James Bay region.Visible Gold will receive a cash payment of C$201,000 from PMET for the project. PMET will grant Visible Gold a 1.34% net smelter returns royalty on the properties. PMET can buy back half of the royalty for C$670,000 and also has an option to then acquire the remainder for C$2.01 million.PMET also granted a 0.66% net smelter returns royalty on the properties to Noranda, which royalty is also subject to buyback rights for an aggregate amount of C$1.3 million, it said.Shares of Visible Gold were last seen up C$0.01, or 7.7%, to C$0.14 on the TSX Venture Exchange. PMET shares were up C$0.09, or 1.8%, to C$5.14 on the Toronto Stock Exchange.Price: $0.14, Change: $+0.01, Percent Change: +7.69%

$PMET.TO$VGD.V

Mining & Metals30d ago

US Dollar Strengthens As Loonie Falls; Trump Hikes Tariffs on Canadian Autos After Trade Talks Collapse

The US dollar strengthened against the Canadian dollar Monday afternoon after trade negotiations between the two countries broke down at the 11th hour.President Trump this morning hiked tariffs on Canadian autos to 50% in an escalation of the trade war. The new tariffs take effect from January 1 next year. Prime Minister Carney over the weekend promised that Canada would retaliate "dollar for dollar".US Treasury Secretary Scott Bessent also unveiled new sanctions against Iran this afternoon.The US dollar was up 0.7% to C$1.3859, on last look.West Texas Intermediate October crude oil futures, the US benchmark, fell 2.6% to $84.79 per barrel. October Brent oil futures, the international benchmark, fell 2.6% to $91.95 a barrel.Meanwhile, Comex gold December futures edged up 0.2% to $4,691.

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Mining & Metals30d ago

TSX Closer: The Index Closes Higher as Health Care, Telecom Gains Offset Lower Oil; Trade Tensions in Focus

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