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Cygnus Provides High-Grade Drill Results from Golden Eye Deposit in Quebec

Cygnus Metals (CYG.V) reported overnight Wednesday high-grade drill results from the Golden Eye deposit within its Chibougamau copper-gold project in Quebec.It said the latest results from infill drilling include "significant" high-grade intersections of up to 105.5g/t AuEq over 1.0m. It added these high-grade gold intercepts are complemented by impressive copper grades of up to 11.9% over 0.8m, plus silver grades of up to 142g/t over 0.8m.Cygnus said the results highlight the strong potential to grow the indicated resource as well as the scope for further extensions."These results are some of the best intervals recorded at the Golden Eye deposit which is unmined, near surface and has existing infrastructure in place," Cygnus Executive Chairman David Southam said.The company said it will include the results for the next resource update at Golden Eye.Cygnus said exploration continues across multiple targets, including a detailed induced polarization survey at the Joe Mann property, as it seeks to generate walk up drill targets.

$CYG.V

Mining & Metals23d ago

Earnings Flash (DB.V) Decibel Cannabis Reports Q4 Revenue $28.7M, Up 13% YoY

$DB.V

Mining & Metals23d ago

Earnings Flash (SUGR.V) Sucro Limited Reports Q4 Revenue US$149.4M, Down 6.7% YoY; Net Income $11.552M

$SUGR.V

Mining & Metals23d ago

Zacatecas Silver Completes Surface Sampling and Mapping Program at Oso Negro Project, Mexico

Zacatecas Silver (ZAC.V) on Thursday said it completed its initial rock-chip sampling program at the Oso Negro project, located in Sonora, Mexico.The company in a statement said the program was completed in March 2026 over the course of five days and samples have been dispatched to ALS for analysis with an expected turn around of four to six weeks.It added 156 rock-chip grab samples were taken from three out-cropping low sulphidation veins with cumulative strike length of over 2 kilometres. Veins are up to 3m wide, multiphase with common veins breccias and pervasive iron oxides after sulphides. It also said that the quartz and vein textures are typical of the uppermost levels of a low sulphidation system, indicating that if present, the boiling and thus precious metal mineralization will be preserved below.Zacatecas said the rock chip sampling has demonstrated a "robust" low sulphidation vein system, characterized by over two strike kilometers of multiphase, brecciated, iron-oxide stained and infilled, upper level veins."This initial mapping and sampling program is the first step in systematically advancing the portfolio, starting with our highest-conviction target," said Zacatecas Silver Chief Executive Eric Vanderleeuw. "As we integrate results, we expect to rapidly define drill targets at Oso Negro while continuing to unlock value across the broader portfolio."Shares of the company closed down 6.3% at $0.075 on Wednesday on the TSX Venture Exchange.

$ZAC.V

Mining & Metals23d ago

Uranium Royalty Up 6.6% Premarket as It Agrees to Acquire Sweetwater Royalties for US$1.9 Billion

Uranium Royalty (URC.TO, UROY) rose 6.6% in premarket Nasdaq trade after the company on Thursday said it agreed to acquire Sweetwater Royalties from funds managed by Orion Resource Partners and the Ontario Teachers' Pension Plan for US$1.9 billion, including debt.The Vancouver-based company said it will switch its domicile to Delaware to complete the transaction. While keeping its Uranium Royalty name intact, it is referring to the switch as "New URC". Current shareholders will receive shares in New URC on a one-for-one basis, while Sweetwater owners will receive US$813 million in shares of the new company with a deemed price of US$3.64 and US$330 million in cash, while the New URC will assume US$625 million of Sweetwater debt.The deal will create the second-largest landowner in the United States, excluding REITs, and the largest landowner in Wyoming, where it will control 850,000 acres of surface-fee rights and 4.5-million acres of mineral rights, adding to URC's existing royalty portfolio in Saskatchewan's Athabasca Basin, Wyoming and Namibia. It will also make Uranium Royalty the largest publicly traded U.S. non-precious metals royalty company, it said.The acquisition also brings Sweetwater's soda-ash royalty portfolio in Wyoming, where it controls 200,000 acres in Wyoming's Known Sodium Leasing Area for the industrial mineral used for the production of glass, chemicals and other industrial products."We welcome this transformational combination that will accelerate near term cash flows from competitive and reliable, long-life assets located in a top-tier jurisdiction, Wyoming, in which we have a great deal of affinity and familiarity. More importantly, it provides a strong financial base to allow us to fully realize and expand our uranium focus at a time of historic growth in nuclear energy. The global uranium market is experiencing a meaningful primary supply deficit, expected to drive significant capital investment in the years ahead," chief executive Scott Melbye said in a release.The company said it will fund the transaction with cash on hand and a US$40-million offering of subscription receipts.Uranium Royalty shares were last seen up US$0,23 to US$4.15 in premarket trade. They closed up C$0.25 to C$5.40 Wednesday on the Toronto Stock Exchange.

$URC.TO$UROY

Mining & Metals23d ago

ADF Group Reports Lower Net Income and Revenue for Fiscal Year Ended Jan. 31, 2026

ADF Group (DRX.TO) on Thursday reported lower net income and revenue for its 2026 fiscal year, but said an order backlog increase, including Groupe LAR's inclusion, and a "more neutral breakdown of the order backlog between the U.S. and Canadian projects" places it in a "more appropriate position regarding the new tariffs reality" with the United States.ADF said net income for the fiscal year ended Jan. 31, 2026 was C$26.3 million or $0.93 per share basic and diluted, compared to $56.8 million or $1.84 per share basic and diluted last year.The company reported revenue of $258.7 million for fiscal year ended Jan. 31, 2026, compared to $339.6 million last year. It said the decrease in revenues obliged it to implement a Work-Sharing program at its Terrebonne plant during the first quarter ended April 30, 2025. It added this program has allowed the corporation to mitigate the negative impacts of the decrease in fabrication hours, but not entirely. ADF said U.S. tariffs also had an indirect negative impact on the corporation's margins, reflecting impact caused by the increase in the price of steel set by the U.S. steel mills.Gross margin, as a percentage of revenues, went from 31.6% for the fiscal year ended January 31, 2025, to 23.1% for the fiscal year ended January 31, 2026. It said this variation is in line with the decrease in revenues and is largely explained by the impact of U.S. tariffs.Among other highlights, ADF cited cash flows from operations of $49.4 million for the fiscal year; record order backlog reaching $561.1 million, 57% of which is made up of Canadian contracts; and a higher cash position even with the acquisition of Groupe LAR finalized on September 18, 2025."Although the results for the fiscal year ended January 31, 2026 are lower than the exceptional results of the previous year, we can certainly be more than satisfied with the financial and operational performances, and the acquisition of Groupe LAR that we were able to carry out successfully, " said Jean Paschini, Chairman of the Board and Chief Executive Officer."The order backlog increase, including Groupe LAR's inclusion following the acquisition finalized on September 18, 2025, as well as a more neutral breakdown of the order backlog between the U.S. and Canadian projects places ADF in a more appropriate position regarding the new tariffs reality with our neighbours to the south." added Paschini.The company also noted that, on April 15, 2026, it announced the payment of a semi-annual dividend of $0.02 per subordinate voting share and per multiple voting shares, which will be paid on May 15, 2026, to Shareholders of Record as at April 27, 2026.Shares in DRX were down $0.63 or near 5.6% at $10.71 yesterday.

$DRX.TO

Mining & Metals23d ago

Kingfisher Metals Outlines New Drill Target at HWY 37 Project in British Columbia

Kingfisher Metals (KFR.V) said Thursday it has delineated a new porphyry drill target at the Turquoise target area within the HWY 37 Project, in the Golden Triangle, British Columbia.The latest interpretation of updated geophysical inversion datasets highlight a "compelling" new subsurface target characterized by a 0.5 km by 2.0 km chargeability anomaly, the company said, adding that the target is near-surface and drill ready."The Turquoise target is a direct result of our systematic exploration approach, which continues to unlock new opportunities across this underexplored yet highly prospective region of the Golden Triangle. The target is located within the emerging Hank-Mary district and only ~6 km from existing infrastructure. Turquoise represents a compelling new drill target that we're excited to test this summer as we continue to build a strong pipeline of high-quality targets across the HWY 37 Project," said chief executive Dustin Perry.Kingfisher Metals closed unchanged at $0.78 on the TSX Venture Exchange on Wednesday.

$KFR.V

Mining & Metals23d ago

Rogers Expands U.S. Satellite-to-Mobile Coverage With T-Mobile Partnership

Rogers Communications (RCI-B.TO) on Thursday said it is expanding its satellite-to-mobile coverage in the United States through a partnership with American provider T-Mobile.The move will allow customers to make app-based voice calls, send text messages or use certain applications while roaming in the U.S. out of range of a cellular network.The deal combines Rogers Satellite and T-Mobile's T-Satellite, which covers 1.3 million square kilometres in the U.S.In areas without cellular service, satellite-to-mobile technology supports text messaging, including text-to-911 and public safety alerts and also supports popular apps, including WhatsApp, Messenger, and X.For Rogers customers, satellite-to-mobile roaming in the U.S. is included with Popular or Ultimate plans with U.S. coverage, Roam Like Home, and select Travel Passes at no extra cost."Canadians want to stay connected wherever they are, even when they're travelling," said Mark Kennedy, chief technology officer at Rogers. "By expanding satellite-to-mobile technology, our customers can get more coverage and roam effortlessly throughout the U.S."Rogers shares closed down $0.09 to $45.73 on Wednesday on the Toronto Stock Exchange.

$RCI-B.TO

Mining & Metals23d ago

Avino Silver & Gold Mines Announcing Inaugural Consolidated Mineral Reserves

Avino Silver & Gold Mines (ASM.TO) said Thursday that it has completed an inaugural consolidated reserves estimate covering its La Preciosa and Avino mines in Mexico.Including the unchanged reserves at the oxide tailings deposit, the estimate increased the company's total proven and probable reserves to 27 million tonnes containing 95 million ounces of silver grading 109 grams per tonne silver (g/t), 356,000 ounces of gold at 0.41 g/t grade, and 85 million pounds of copper grading 0.31% copper.Avino said 42% of mineral resources were converted to mineral reserves on a silver equivalent basis, representing decades of mine life at current mill throughput levels.Measured and indicated resources across the three assets totaled 68 million tonnes containing 207 million ounces of silver grading 93 g/t silver, 413,000 ounces of gold grading 0.32 g/t gold, and 243 million pounds of copper grading 0.16% copper.total measured and indicated resources increased 9% compared to the previous estimate."For the first time, we have defined reserves that demonstrate the underlying quality, scale, and economic potential of our asset base, further advancing the company toward a multi-asset, mid-tier producer," President and Chief Executive Officer David Wolfin said.Shares in Avino were down 1% in Canada yesterday.

$ASM.TO

Mining & Metals23d ago

Curaleaf Launching Share Buyback Program; Rose More Than 8% on Wednesday

Curaleaf Holdings (CURA.TO), which rose by more than 8% yesterday, on Thursday said the Toronto Stock Exchange (TSX) approved the company to start a normal course issuer bid (NCIB).The bid will allow the company to buy back up to near 34.4-million of its subordinate voting shares over the 12-month period starting on Apr. 20, 2026 and ending no later than Apr. 19, 2027, representing about 5% of the subordinate voting shares issued and outstanding as of Apr. 10, 2026, or an aggregate fair market value of about US$83 million based on the closing trading price of the subordinate voting shares on the TSX on Apr. 14, 2026.As of Apr. 10, there were 687.8-million subordinate voting shares issued and outstanding."This share repurchase program is a meaningful way to return value to our shareholders and reflects our confidence in the strength and durability of our strategy," said Boris Jordan, Chairman and CEO.Shares of the company closed up $0.28 to $3.60 on Wednesday on the TSX.

$CURA.TO

Mining & Metals23d ago

Americas Gold and Silver Up 2.2% In US Premarket As Books Record Silver Production, Sales in Q1

Americas Gold and Silver (USA.TO) was at last look up 2.2% in US premarket after saying Thursday that it achieved record silver production and sales for the first quarter.The company in a statement said its consolidated silver production jumped 76% year over year to a record 787,000 ounces in the quarter. Silver sales reached a record 830,000 ounces due to a positive adjustment for timing of concentrate sales.Among other highlights, consolidated lead production for the quarter was 2.0 million pounds, consolidated copper production was 967,000 pounds, and consolidated antimony production was 137,000 pounds. Americas reported that it has achieved one year with no Lost Time Accidents (LTAs) at its Cosala mine in Mexico"With numerous projects designed and approved in 2025 now well underway, our strong operational start to the year puts us in a favorable position with respect to achieving our goals for 2026 as we continue our growth momentum," Chairman and Chief Executive Officer Paul Andre Huet said.The company said it is on track to complete phase-two upgrades to the No. 3 shaft at the Galena complex in Idaho during the second quarter.

$USA.TO

Mining & Metals23d ago

Canfor Downgraded to Sector Perform at RBC

Canfor Corp. (CFP.TO) was downgraded to Sector Perform from Outperform at RBC Capital Markets on Thursday.Analyst Matthew McKellar maintained a price target of $15 on shares of the Vancouver-based forest products company."While Canfor has maintained a solid balance sheet and made significant strides in repositioning its lumber business (closing high-cost capacity in BC, investing in the US South and in Sweden) - and to some degree we think this remains under-appreciated by the market - we see relatively better opportunities in our coverage group with Canfor's share price drawing closer to our target, particularly with potential near-term headwinds in Sweden (demand, fiber costs)," McKellar said in a note to clients.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$CFP.TO

Mining & Metals23d ago

First Capital REIT to be Acquired by Choice Properties and Kingsett In $9.4B Deal; George Weston Involved

First Capital REIT (FCR-UN.TO) said Thursday it had entered into an agreement that will see it acquired by KingSett Capital and Choice Properties REIT (CHP-UN.TO) in a unit and cash transaction valued at $9.4 billion, including the assumption of certain debt. The deal also involves George Weston Limited (WN.TO).Under the terms of the arrangement agreement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per unit, amounting to $24.40 per First Capital unit. The transaction price represents a premium of 17% to First Capital's 20-day volume-weighted average price through April 15, and a premium of 8% to First Capital's Net Asset Value of $22.57 per unit. Additionally, the transaction price represents a premium of 12% and 21% to First Capital's closing unit price and 90-day volume-weighted average price through April 15, 2026, respectively.The transaction will see Choice Properties acquire $5.0 billion of retail assets from First Capital. KingSett will acquire approximately $4.4 billion of First Capital assets and all of First Capital's issued and outstanding units.The Choice Properties Acquisition Portfolio is expected to generate full-year net operating income (NOI) of $235 million in 2027, with an annual growth rate of 3.5% in the near-term.Choice Properties will finance its acquisition of the portfolio through a combination of debt and equity. This includes issuing 68.6 million Choice units to First Capital unitholders valued at $1.1 billion, and a $0.6 billion equity investment from George Weston for 38 million units, the assumption of First Capital's $2.3 billion of outstanding unsecured debentures, and the assumption of $0.4 billion of in-place mortgages. The remaining consideration is expected to be financed via the issue of new unsecured debentures by Choice Properties.KingSett has secured, on a firm, committed basis, all financing required to complete the transaction.First Capital units closed up $0.14, to $21.84, on Wednesday, on the Toronto Stock Exchange. Choice Properties REIT closed up $0.04, to $16.19.George Weston shares closed up $0.80, to $97.03.

$CHP-UN.TO$FCR-UN.TO$WN.TO

Mining & Metals23d ago

Uranium Royalty, Orion And Ontario Teachers' Pension Plan To Create Royalty Platform Through Combination Of Uranium Royalty And Sweetwater Royalties

$URC.TO

Mining & Metals23d ago

Rogers Expanding Satellite-to-Mobile Coverage to the U.S.

$RCI-A.TO$RCI-B.TO

Mining & Metals23d ago

Applied Graphite Technologies to Raise $575,000 Via Non-Brokered Private Placement; Update On Bullfrog Deal And Concurrent Financing

Applied Graphite Technologies (AGT.V) announced overnight Wednesday a non-brokered private placement of up to 5.75-million AGT common shares at $0.10 for gross proceeds of up to $575,000.The company said the offering is scheduled to close on or about April 21, and is subject to AGT receiving all necessary regulatory approvals. Insider participation in the offering is anticipated.Proceeds will be used for general working capital needs.AGT also said that the prior announced deal with Bullfrog Gold Corporation, a private Canadian company, will be a Non-Arm's Length Transaction under TSXV policies as a certain officer of AGT is also an officer of Outcrop Silver & Gold Corporation (OCG.TO), a shareholder of Bullfrog.The concurrent financing announced March 18, will close subject to and following disinterested shareholder approval and receipt of TSXV approval for the Bullfrog transaction.Shares of the company closed unchanged at $0.095 on Wednesday on the TSX Venture Exchange.

$AGT.V$OCG.TO

Mining & Metals23d ago

GMV Minerals Begins Drilling at the Mexican Hat Gold Deposit in S.E. Arizona

GMV Minerals (GMV.V) on Thursday said that drill mobilization "went smoothly" and that it has begun drilling at the Mexican Hat Gold Deposit in SE Arizona.The company said that the first holes will focus on confirmatory core drilling of the deposit spanning 1,000 metres in strike length, 400 metres of true width from near surface at elevation 1,565 metres to an elevation of 1,185 metres.It added that this will test approximately 90% of the mineralization providing confirmation of grade distribution allowing for the Inferred Mineral Resource to be confirmed and potentially be upgraded, and to collect geotechnical information to assist in modelling of the open pit.Shares in GMV edged up in Canada trade yesterday.

$GMV.V

Mining & Metals23d ago

Kraken Robotics Announces $28 Million in New Orders, Reports Q4 Earnings

Kraken Robotics (PNG.V) on Thursday announced $28 million in new orders from five clients that includes two new customers for its SeaPower batteries and Synthetic Aperture Sonar (SAS).The company, which provides subsea intelligence products involving 3D imaging sensors, power solutions, and robotic systems, said the new orders include battery contracts from three large international defence companies and a SAS order from a new commercial uncrewed underwater vehicle (UUV) manufacturer.According to chief executive Greg Reid, Kraken Robotics' products are now "integrated or being integrated into more than 30 different UUV platform types worldwide."Kraken separately announced its fourth-quarter results for the quarter ended Dec. 31, 2025, and said consolidated revenue for the quarter was flat at $28.4 million, compared with $28.1 million for the prior year period. Growth in SeaPower subsea batteries, SAS, and subsea services were offset by lower revenue associated with the remote mine hunting and disposal system (RMDS) project.It reported net income of $54,000, way down from C$13.7 million a year earlier when it benefited from a large income tax benefit.On its outlook, Kraken confirmed its March 3 fiscal 2026 revenue guidance of $165 million and $175 million and adjusted EBITDA of $40 million to $50 million, excluding any contribution from the Covelya acquisition.The company's 2026 outlook is driven by both existing and expected purchase orders. It is also supported by expected growth in the commercial services business, including a full year contribution from LiDAR services, formerly 3D at Depth. Revenue in 2026 is expected to be weighted toward the second half of the year.Kraken shares closed down $0.05, to $8.45 on Wednesday on the TSX Venture Exchange.

$PNG.V

Mining & Metals23d ago

Blue Moon Up 4% In US Premarket As Announces Results of Nussir Project Feasibility Study

Blue Moon Metals (MOON.V) was at last look up 4% in US premarket trade after it completed a feasibility study for the Nussir project in Norway, outlining an after-tax net present value of US$235 million based on an 8% discount rate.The company in a statement said that, in turn, was based on a long-term copper price of $4.78 per pound, gold price of $3,515 per ounce and silver price of $45.26 per ounce. At consensus pricing the payable metal mix breakdown is 77% copper, 6% gold and 13% silver.Among other highlights, Blue Moon Metals cited an after-tax Internal Rate of Return of 19% for the 13 year mine life and consensus pricing and 31% at spot pricing; and initial capital expenditures of $184 million.The project is expected to produce 19,000 tonnes per year of copper equivalent over the 13-year mine life. It hosts measured and indicated resources of 28.72 million tonnes grading 1.20% copper equivalent, and proven and probable reserves of 24.98 million tonnes at 0.99% copper equivalent.Additionally, the company said it has advanced the basic engineering for the project and has placed purchase orders for the long lead equipment required for the process plant (SAG mill, Ball Mill and thickeners). The company has also purchased the main power transformer for the project to de-risk project execution schedule. So far, approximately $46.7 million has been spent by Blue Moon on the project; the decline advance is 1,548 meters as of April 15, 2026, and is expected to be in proximity to the target mineralized material in mid-2026."Due to the strong free cashflow generation of this asset and the equity spent on the Nussir project to date, there is significant financing flexibility on the types of sources for the remaining capital costs," Chief Executive Officer Christian Kargl-Simard said.Blue Moon plans to start hot commissioning of the process plant in the third quarter of 2027.Shares in the company edged up in Canada yesterday.

$MOON.V

Mining & Metals23d ago

Camino Minerals Starts Drilling at Peru Discovery

Camino Minerals (COR.V) announced Thursday the commencement of a drilling campaign at its Costa de Cobre district-scale IOCG copper discovery in Peru, previously referred to as the Los Chapitos copper project.The company said it rebranded the Los Chapitos project to better reflect its "low-elevation coastal setting and strategic proximity to key infrastructure," including the proposed San Juan de Marcona Port Terminal, a major new port facility planned about 125 kilometres to the north at Marcona.It said the Costa de Cobre project is advancing to the next stage of exploration and development as the company enters into a joint venture with Nittetsu Mining, under which Camino will serve as operator and hold a 65% interest, while Nittetsu will hold the remaining 35% interest.Camino is also developing the permitted Puquios copper mine in Chile in a 50/50 joint venture partnership with Nittetsu targeting a finance package and construction commencement in mid-2026.The company is targeting large-scale copper mineralization along major structural corridors, including the Diva and La Estancia fault systems, which extend over 8 km and 12 km, respectively, following multiple successful exploration campaigns. It said that recent drilling and surface programs confirmed the presence of extensive copper oxide mineralization associated with hydrothermal breccias and manto-style bodies."The current drilling campaign is expected to include approximately 1,100 meters of drilling, focused on the copper oxide in the first 100 m and sulphide at depth in Diva and La Estancia fault, and is aimed at expanding known mineralized zones and testing high-priority structural corridors," said Camino Chief Geologist, Peru, Orlando Pariona. "This next phase of drilling is designed to further define copper mineralization at Costa de Cobre."The company's shares last traded Apr. 14, closing at $0.58 on the TSX Venture Exchange.

$COR.V

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Mining & Metals23d ago

ADF Group Reports Lower Net Income and Revenue for Fiscal Year Ended Jan. 31, 2026

$DRX.TO