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National Bank Says Paramount Selling Fox Drilling Subsidiary To AKITA a "Logical Transaction" to "Harvest Value From Its Drilling Assets (That Were Not Fairly Valued)"

Price: $30.00, Change: $+1.34, Percent Change: +4.68%

Globex Mining Provides High-Grade Antimony Results from Bald Hill Property

Globex Mining Enterprises (GMX.TO) reported Monday high-grade antimony intersections provided by Antimony Resources (ATMY.CN) at the Bald Hill property in New Brunswick.Drill hole BH-25-34 returned antimony assays of 9.76% Antimony over 3.15 meters (m), which extends the Main Zone both to the north and to depth.A total of 12,500 m of drilling is expected to be completed by the end of April. A total of 25,000 m has been drilled on the Bald Hill Main Zone and a 11,000-m drill program is planned to commence in mid-May, Globex said.The Bald Hill property is under option from Globex.Price: $2.32, Change: $-0.02, Percent Change: -0.85%

$ATMY.CN$GMX.TO

Mining & Metals13d ago

Constellation Software's Perseus Operating Group Buys Starkwood

Constellation Software's (CSU.TO) Perseus Operating Group completed the purchase of Starkwood Media Group, it said Monday.No financial details were given."The acquisition adds complementary digital capabilities to the Constellation Dealer portfolio, strengthening the breadth of solutions available to dealers," said the company in a statement. "Starkwood's expertise in bespoke website design, stock management, and digital marketing integrations positions the combined business to offer dealers a more complete and connected technology experience."Shares of Constellation Software were last seen up 1.3% at $2,443.22 on the Toronto Stock Exchange.Price: $2443.22, Change: $+32.42, Percent Change: +1.34%

$CSU.TO

Mining & Metals13d ago

Boardwalktech Software Edging Up As Raises C$1.5M in Total Via Non-Brokered Private Placement

Boardwalktech Software (BWLK.V), a provider of patented digital ledger and AI-enabled enterprise software solutions for intelligent information management, was edging up after closing an additional tranche of its non-brokered private placement of its units at C$0.035 apiece.Under the second tranche, near 31.9-million units were issued for more than C$1.1 million, for total proceeds of C$1.5 million, the company said. Each unit consists of one common share and one common share purchase warrant with each warrant entitling the holder to buy a share for C$0.05 for a two-year period from the date of issuance, it added.Insiders of the company participated in both the first and second tranche for an aggregate of near 3.1-million units for a total of C$118,685, the company said, before adding proceeds will be used for general corporate needs.The company's shares last traded Apr. 23, closing at $0.06 on the TSX Venture Exchange.Price: $0.07, Change: $+0.01, Percent Change: +8.33%

$BWLK.V

Mining & Metals13d ago

Sonoro Gold Closes its Oversubscribed $12.2 Million Private Placement

Sonoro Gold (SGO.V) closed its previously announced oversubscribed, non-brokered private placement of around 50.83 million units at $0.24 per unit, for gross proceeds of C$12.2 million, said the company on Monday.Each unit consists of one Sonoro common share and one common share purchase warrant, and each warrant entitles the holder thereof to purchase one additional Sonoro common share for a period of three years from the closing of the private placement at an exercise price of C$0.32 per share, said the company.Insiders of the company participated in the offering by subscribing for around 15.65 million units for gross proceeds of around $3.75 million.Net proceeds will be used to complete a two phase 50,000-meter drilling program at the company's flagship Cerro Caliche gold project in Sonora, Mexico, said the company.The offering has received conditional acceptance from the TSX Venture Exchange but remains subject to receipt of final acceptance from the TSX Venture Exchange, added the company.

$SGO.V

Mining & Metals13d ago

Greenland Resources Applies for Equity Investment from European Innovation Council

Greenland Resources (MOLY.TO) has applied for an equity investment from the European Innovation Council's 'EIC STEP Scale Up' scheme for a total of 50 million euros, the company said Monday.The investment will be partly funded by Horizon Europe, with the remainder provided by targeted committed capital providers, the company said.The application has successfully passed an eligibility criteria assessment, achieved the Sovereignty STEP Seal project excellence status, and was recommended by panel of jurors to the EIC Fund, which will make a final decision, subject to further due diligence, according to Greenland Resources.The EIC STEP scheme aims to scale up innovation in Europe's strategic technology sectors such as clean and resource efficient technologies including strategic raw materials.The program provides equity investments ranging from 10 million to 30 million euros, aiming to leverage private co-investment and achieve financing rounds of 50 million to 150 million euros or more.As part of the EIC STEP requirements, Greenland Resources has received firm commitments for an additional 40 million euros from two qualified investors to co-invest alongside the EIC Fund.Greenland Resources is developing the Malmbjerg molybdenum project in Greenland.MOLY was down $0.01 at $1.57 last look.Price: $1.57, Change: $-0.01, Percent Change: -0.63%

$MOLY.TO

Mining & Metals13d ago

Strategic Resources, Tyfast Energy to Advance Vanadium-to-Battery Supply Chain in Canada

Canadian critical minerals company Strategic Resources (SR.V), trading near 52 week lows, signed a memorandum of understanding to evaluate production of battery-grade vanadium oxide from Canadian mined ore for use in lithium vanadium oxide anode material produced by San Diego-based Tyfast Energy, the company said Monday.Under the terms, Strategic Resources will evaluate feedstock and processing pathways from its vanadium assets, while Tyfast will lead material qualification, anode development, and application testing.As part of the agreement, the companies will conduct bench- and pilot-scale work to optimize powder characteristics for Tyfast's anode production.The companies will also evaluate commercialization and deployment opportunities, in mining equipment, auxiliary vehicles, defense platforms, and other heavy-duty applications."Together, we see an opportunity to create a made-in-Canada pathway from critical minerals to advanced battery materials for high-value industrial markets," Strategic Resources chief Executive Officer Sean Cleary said.Strategic Resources, which is advancing the BlackRock project in Quebec, last traded at $0.25, near a 52 week low of $0.23.

$SR.V

Mining & Metals13d ago

Greenland Resources Providing Update on EUR 50 Equity Investment Led by Horizon Eur

$MOLY.TO

Mining & Metals13d ago

Graphite One Says Graphite Creek Project Remains "in Progress" Under FAST-41 Permitting Program

Graphite One's (GPH.V) Graphite Creek Project remains "in progress" under the U.S. FAST-41 federal permitting program as the company continues to advance all required federal reviews on schedule, it said on Monday.The Graphite Creek Project planned as an open-pit graphite mine and associated mineral processing plant 60 km north of Nome, Alaska, was accepted as a FAST-41 "covered project" on June 2, 2025.Following the 60-day Coordinated Project Plan (CPP) process, the detailed permitting timetable was publicly posted on August 5, 2025. The CPP established a 13.5-month schedule for the required federal environmental reviews and authorizations, with a projected completion date of Sept. 29, 2026."FAST-41 has delivered exactly what it was designed to do - improved timeliness, predictability, and accountability across multiple federal agencies without changing any environmental or regulatory standards," said chief executive Anthony Huston. "By establishing a coordinated, publicly posted timetable and bringing all agencies together early, FAST-41 is accelerating our ability to develop America's largest graphite deposit and establish a secure, domestic supply chain for lithium-ion battery anode materials and other critical graphite products across a range of technology sectors."Graphite One shares closed down $0.03, to $1.15 on Friday on the TSX Venture Exchange.

$GPH.V

Mining & Metals13d ago

AKITA Drilling Announces Acquisition of Fox Drilling And Elimination of Dual Class Share Structure

AKITA Drilling (AKT-A.TO, AKT-B.TO) entered into a definitive agreement with Paramount Resources (POU.TO) to acquire all of Paramount's interests in Fox Drilling Limited Partnership, a privately-held drilling contractor that operates a fleet of high-specification AC triple drilling rigs in the Western Canadian Sedimentary Basin, said AKITA on Monday.AKITA will also undertake a reorganization of its share capital in connection with the acquisition, which will result in the elimination of AKITA's dual class share structure, said the company.AKITA will acquire all of Paramount's interests in Fox and its general partner, Fox Drilling Inc, in consideration for the issuance of around 19.26 million common shares, said the company and added that the final purchase price for the acquisition will be subject to post-closing adjustments for cash, working capital, indebtedness and any transaction expenses of Fox."We believe this transaction will create a stronger, more resilient drilling company with long-term value for all shareowners," said Colin A. Dease, President and Chief Executive Officer of AKITA. "The addition of Fox's fleet of high-specification AC triple rigs will enhance our scale and capabilities in the Montney and Duvernay gas basins."Under the purchase agreement, Paramount agreed to distribute the common shares pro rata among its shareholders promptly following the closing of the acquisition, said the company.Following the completion of the transaction and the distribution by Paramount, Paramount shareholders are expected to collectively hold approximately 33% of AKITA's outstanding common shares, noted AKITA.Paramount will enter into an agreement with AKITA for a term of three years, concurrent with the closing of the acquisition, pursuant to which Paramount will commit to utilize rigs of AKITA for an aggregate total of 2,700 rig days during the term, said the company.Upon closing of the transaction, James Riddell, the president and chief executive officer and chairman of the board of directors of Paramount and Jackson Riddell, vice-president of Lionsgate Capital Ltd., are expected to join the board of directors of AKITA and three of the current AKITA directors are expected to step down, stated the company.Linda Southern-Heathcott and Nancy Southern will remain as directors, with Southern-Heathcott remaining as board chair, said the company and added that the management team of AKITA will remain the same following closing of the transaction.AKITA plans to proceed with its annual general meeting scheduled for May 12, 2026, it said.In addition to shareholder approval, the transaction, which involves the share reorganization and the acquisition, is subject to customary conditions, including the conditional approval of the TSX for the listing of the common shares issuable pursuant to the transaction."AKITA plans to call a special meeting of AKITA shareholders to approve the Share Reorganization to be held in June 2026 and expects that the Transaction will be completed shortly after the receipt of such approval," added the company.

$AKT-A.TO$AKT-B.TO$POU.TO

Mining & Metals13d ago

ARC Resources Agrees to be Acquired by Shell for C$22 Billion

ARC Resources (ARX.TO) agreed Monday to be acquired by Shell plc (SHEL) for C$22 billion, including debt, as the global oil and gas producer looks to add exposure to the prolific Montney shale-gas in northeastern British Columbia.Shell is offering C$32.80 per ARC share, a 27% premium to its Friday closing price on the Toronto Stock Exchange. The amount will be paid 75% with Shell shares and 25% in cash.The agreement will see Shell add ARC's 374,336 barrels of oil equivalent per day (boe/d)of natural gas and natural-gas liquids production from the Montney field at the end of last year, which is expected to grow to between 405,000 and 420,000 boe/d this year. It also adds supply for the LNG Canada facility on northern British Columbia's Pacific coast, which is 40% owned by Shell."ARC is a high-quality, low-cost and top quartile low carbon intensity producer operating in the Montney shale basin that complements our existing footprint in Canada and strengthens our resource base for decades to come. We are accessing uniquely positioned assets and welcoming colleagues that bring deep expertise which, combined with Shell's strong basin level performance, provides a compelling proposition for shareholders," Shell chief executive Wael Sawan said in a release.ARC holds 1.5-million acres of lands in the Montney region, which will add to Shell's holdings of 440,000 acres in the field. It also brings adds around two-billion boe/d of reserves.The acquisition re-establishes Canada as a major center for the global producer, which has been retreating from the country after selling off most of its oil-sands operations to Canadian Natural Resources (CNQ.TO) in 2017 and completed exit from the oil sands in 2025 by selling its remaining oil-sands interest to the Canadian producer. It still operates an oil-sands upgrader, refinery and carbon-capture facility near Edmonton, Alberta, as well as a refinery in Sarnia, Ontario, and owns 1,400 retail gasoline stations in Canada.ARC said Shell approached the company in March and its board formed a special committee to assess the offer, which it determined to be fair and in the best interest of shareholders."The ARC Board unanimously recommends this strategic transaction to our shareholders," board chair Hal Kvisle said in a statement. "This agreement delivers compelling value for our shareholders and brings together two companies with shared commitments to safety, operational excellence and care for communities and people - strengthening our ability to deliver resilient, long-term value creation for many years to come."The sale is expected to close in the second half of this year.ARC shares closed down C$0.35 to C$25.77 Friday on the Toronto Stock Exchange.

$ARX.TO$SHEL

Mining & Metals13d ago

ACT Energy Technologies Repays US$20.0 Million of Exchangeable Subordinated Promissory Note

ACT Energy Technologies (ACX.TO) repaid in full the outstanding exchangeable subordinated promissory note, issued in connection with its acquisition of Rime Downhole Technologies, on July 11, 2023, it said on Monday.The company repaid US$20.0 million of the note, plus accrued interest. The early repayment of the note was funded using the available US$20.0 million term facility provided by the company's syndicate of lenders, it said.Shares of the company closed up 4.1% to $6.68 on Friday on the Toronto Stock Exchange.

$ACX.TO

Mining & Metals13d ago

Blue Ant Media Company Inks Partnership Deal With Paramount Canada

Paramount in Canada and Media Pulse, a Blue Ant Media company, Monday announced an expanded partnership, naming Media Pulse as the exclusive direct sales and programmatic partner for Paramount's ad inventory in Canada.Media Pulse will represent Paramount's subscription video on demand (SVOD) platform, Paramount+, and its streaming service, Pluto TV. It will offer clients direct ad insertion opportunities across the full range of Paramount+ and PlutoTV's CTV inventory, enabling Canadian advertisers to reach highly-engaged audiences."This exclusive partnership with Pluto TV and Paramount+ in Canada is an exciting addition to our roster of premium partners, allowing us to further elevate the CTV experience and offer brands the opportunity to follow the viewer to a powerhouse of must-watch content," said Deborah Gurofsky, Media Pulse managing director. "This collaboration gives brands direct, streamlined access to a 'Mountain of Entertainment' that spans every genre and reaches engaged audiences across the country."Blue Ant Media shares closed down $0.11, to $6.74 on Friday on the Toronto Stock Exchange.

$BAMI.TO

Mining & Metals13d ago

Trans Canada Gold Reports Oil Production, Drilling Plans

Trans Canada Gold (TTG.V) has produced over 15,488 barrels of oil from September 2025 to March 2026, completing another seven months of steady oil production, the company said Monday.The company has an 18.75% working interest on the 7HZ Lloyd 12-14-49-01 W4 well in Alberta, with Croverro Energy serving as operator.Trans Canada has received all formal approvals for its new Lloyd 5-23-49-1W4 well following the issuance of its well license and drill permit for an upcoming new seven-leg multi-lateral well and drilling program.The well is scheduled to be drilled this summer subject to rig availability, the company said.Drilling, completion and equipping costs are expected to reach $1.9 million, with Trans Canada funding $350,000 of the total.Meanwhile, the company said it is preparing to implement a phase-one diamond drilling program at the Harrison Lake gold project in British Columbia.

$TTG.V

Mining & Metals13d ago

Silver Mountain Reports High-Grade Silver Results From Sampling Program Near Reliquias Mine, Peru

Silver Mountain Resources (AGMR.TO) reported high-grade silver results from brownfield exploration near the Reliquias Mine in central Peru, the company said on Monday.Channel sampling along a 550-meter segment of the central portion of the Seguridad SE vein, 2.1 kilometres north of the Reliquias Mine, returned a weighted average grade of 2,003 grams per tonne (g/t) silver over an average true vein width of 0.45 meters. These results indicate that high-grade silver mineralization may remain open along strike, both at the Seguridad SE vein and in other nearby veins belonging to the same structural system, a statement noted.Silver Mountain is currently evaluating areas surrounding the proposed Reliquias production centre."These results further validate our focus on near-mine brownfield exploration as a disciplined and cost-effective strategy. Identifying high-grade silver mineralization at surface, close to existing infrastructure, strengthens the overall value proposition of the Reliquias district and supports our longer-term objective of expanding the resource base as we advance toward a planned production restart," said chief executive Alvaro Espinoza.

$AGMR.TO

Mining & Metals13d ago

Market Chatter: Cenovus Says Oilfield Extension Off Newfoundland Will Hike Emissions by 21%

The Newfoundland and Labrador government has approved hikes in greenhouse gas emissions at a nickel mine in northern Labrador and the Cenovus-owned White Rose oilfield off the coast of St. John's, The Canadian Press is reporting Monday.Cenovus estimates that its new West White Rose platform will increase emissions at the oilfield by about 21% at peak operation, or an amount equivalent to about 100,000 metric tonnes of carbon dioxide, according to documents obtained through access to information legislation by The Canadian Press.That's roughly the same as the emissions from more than 23,300 vehicles driven for one year, according to the United States Environmental Protection Agency.Monday's report noted the West White Rose project was roundly applauded for bringing hundreds of construction jobs to rural Newfoundland and for extending the life of the White Rose oilfield by about 14 years. A massive component was built in Argentia, N.L., and towed out to the oilfield last year.Its effect on greenhouse gas emissions has not been as widely discusssed, the report said.(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$CVE.TO

Mining & Metals13d ago

ARC Resources Says $32.80 Per Share Purchase Price Represents a 27% Premium to Its April 24 Closing Price on TSX

$ARX.TO

Mining & Metals13d ago

ARC Resources To Be Acquired By Shell In a Cash and Share Transaction Valued at Near $22B, Including Assumed Net Debt

$ARX.TO

Mining & Metals13d ago

ARC Resources To Be Acquired By Shell

$ARX.TO

Mining & Metals13d ago

Black Diamond Group's Revolving Credit Facility Upsized to C$550 Million from C$425 Million

Black Diamond Group's (BDI.TO) secured, asset-based, revolving credit facility has been upsized to C$550 million from $425 million, the company said Monday.The uncommitted accordion of $75 million, the interest rate pricing grid and other major terms including financial covenants remained unchanged, Black Diamond said."Upsizing our asset-based credit facility provides us with additional liquidity to continue pursuing our accretive growth objectives as we scale the business," Chief Financial Officer Toby LaBrie said.Black Diamond is an industrial services and asset management company that operates in Canada, U.S. and Australia through its modular space solutions and workforce solutions business units.

$BDI.TO

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Mining & Metals13d ago

AKITA Drilling Announces Acquisition of Fox Drilling And Elimination of Dual Class Share Structure

$AKT-A.TO$AKT-B.TO$POU.TO