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Organigram Closes the 107.3-Million Acquisition of Germany's Sanity Group

Organigram Holdings (OGI.TO) on Wednesday said it closed its 107.3-million euro acquisition of Sanity Group GmbH.The cannabis company said the purchase price consisted of 78.0-million euros in cash and 29.3-million euros in shares.In connection with the closing, Organigram also closed a 40.3-million euros private placement with BT DE Investments, a subsidiary of British American Tobacco, as well as its senior secured credit facilities of up to C$60 million.Shares of the company were last seen up $0.11 at $2.09 on the Toronto Stock Exchange on Wednesday.Price: $2.09, Change: $+0.11, Percent Change: +5.56%

$OGI.TO

Mining & Metals24d ago

Freehold Royalties Declared Dividend For April 2026 of C$0.09 Per Common Share, Unchanged From Prior Month

Price: $16.91, Change: $-0.05, Percent Change: -0.29%

$FRU.TO

Mining & Metals24d ago

TomaGold Announced Proposed Private Placement

TomaGold (LOT.V) on Wednesday said that, subject to the receipt of all required filings with and approvals from the TSX Venture Exchange, it plans to complete a non-brokered private placement for gross proceeds of up to $1.5 million.The company said the offering will consist of up to 10 million flow-through (FT) units at a price of $0.075 each, and up to 12.5 million hard cash (HC) units at a price of $0.06 each. It added each HC unit will consist of one common share in the capital of the company and one-half of one share purchase warrant, with each whole warrant entitling the holder thereof to purchase one additional common share at a price of $0.10 for a period of 24 months from the date of issuance.Each FT unit will consist of one common share in the capital of the company that will qualify as a "flow-through share" for the purposes of the Income Tax Act (Canada) and one-half of one warrant, said the company.The company plans to use the gross proceeds from the sale of the FT units to incur exploration expenses that are eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures", as such terms are defined in the Income Tax Act (Canada). It added that the net proceeds from the sale of the HC units will be used by the company for general and corporate working capital purposes.The offering is subject to the approval of the TSXV.The company's shares were last seen down $0.005 at $0.055 on the TSX Venture Exchange.

$LOT.V

Mining & Metals24d ago

DAVIDsTEA Establishes U.S. Distribution Platform

North American tea merchant DAVIDsTEA (DTEA.V) on Wednesday said it has established a U.S. fulfillment platform in Chicago, positioning the company to "better serve American customers and drive profitable long-term growth in the U.S. market."The company said it had begun fulfilling U.S. e-commerce orders through a strategic third-party logistics partner based in Chicago since late March. It added the new fulfillment platform complements DAVIDsTEA's warehouse and logistics operations in Montreal, "bringing inventory closer to U.S. customers, improving service levels, and strengthening the company's ability to grow profitably south of the border"."Following the U.S. government's decision to eliminate the de minimis trade exemption, which allowed goods under US$800 to enter the country without paying duties or taxes, shipping orders from Canada into the United States became more complex and costly," said DAVIDsTEA in a statement. "The resulting customs friction created shipping delays, unpredictable delivery times, and a diminished consumer experience that contributed to a decline in U.S. e-commerce results."Shares of the company were last seen up 1.25% at $0.81 on the TSX Venture Exchange.Price: $0.81, Change: $+0.01, Percent Change: +1.25%

$DTEA.V

Mining & Metals24d ago

Great West Lifeco Remains Top Pick in CIBC Q1 LIfecos Preview

CIBC Capital Markets expects Canadian life insurers to post double-digit year over year earnings per share growth on average.Great West Lifeco (GWO.TO) remains top pick. Analyst Paul Holden expects the company to post the highest Y/Y EPS growth in the first quarter (19%). There is potential upside from a number of growth levers at Empower and a strong demand backdrop for capital solutions, he adds. An Empower bolt-on acquisition is a potential catalyst with estimated EPS accretion of ~6%. The stock is trading at a 6% premium to the group average on P/E, consistent with the historical premium.Manulife (MFC.TO) is another outperformer. Holden is looking for a better quarter from the company, noting that Manulife printed strong headline results last quarter but disappointed the Street on some KPIs. "We look for an improvement in U.S. insurance experience, Asia APE sales and GWAM net flows as potential upside drivers."Holden also wants to see double-digit EPS growth and continued progress towards the 2027 18% ROE objective. Manulife is trading at a 5% discount to the group average P/E and recent history suggests an in-line multiple is possible, he adds.CIBC lifted its Q1 EPS estimates for Great West Lifeco by 2%, Manulife and Sun Life by 1% each due to FX and company-specific factors, and decreased the estimate for iA Financial (IAG.TO) by 5% due to seasonality for U.S. dealer services and auto finance."As a group the stocks have not traded all that great YTD (+2.8% on average), and the discount to the banks on P/E now stands at 15% (five-year average is 11%)," Holden writes. He favors lifecos over banks given the valuation discount and strong fundamentals.Price: $70.45, Change: $+1.18, Percent Change: +1.70%

$GWO.TO$IAG.TO$MFC.TO$SLF.TO

Mining & Metals24d ago

Surge Battery Metals Says Nevada North Lithium JV Gets Additional $2.1 Million Advance by Evolution Mining

Surge Battery Metals (NILI.V) on Wednesday said Nevada North Lithium LLC (NNL), the joint venture formed by units of Surge and Evolution Mining (EVN.AX), received an additional $2.1 million advance from Evolution under the terms of NNL's operating agreement.The company said Evolution previously advanced $4.7 million. That capital, it added, financed the successful 2025 infill drill program, ongoing mineral resource estimate, metallurgical testing, preliminary feasibility study (PFS) engineering and overall mine planning.Surge Battery Metals said the fully funded PFS remains on budget, and the $2.1 million advance will finance continued second-quarter PFS activities."This funding, together with the CA$30,000,000 in the Surge treasury, leaves the company in a strong financial position to move the NNL project forward," said Surge Chief Executive Greg Reimer.Shares of the company were last seen up $0.01 $0.69 on the TSX Venture Exchange.Price: $0.69, Change: $+0.01, Percent Change: +1.47%

$NILI.V

Mining & Metals24d ago

Xtract One Technologies Files Final Base Shelf Prospectus

Xtract One Technologies (XTRA.TO) on Wednesday said it filed a final short-form base shelf prospectus with the securities commissions in each of the provinces and territories, with the exception of Quebec.The company said that the base shelf prospectus allows it to offer and issue up to $70 million of shares, warrants, subscription receipts, units, debt securities, or any combination of such securities during the 25-month period that the shelf prospectus is effective."The company is filing this shelf prospectus to maintain financial flexibility as it advances its business but has no immediate intentions to undertake an offering," added the company.

$XTRA.TO

Mining & Metals24d ago

Stifel Canada Raises Savaria Price Target to $35.00, Maintains Buy Rating, After Investor Day

Stifel Canada on Wednesday raised its price target on the shares of Savaria (SIS.TO) by $4.00 to $35.00 and maintained its buy rating after attending the company's investor day."We ... have high confidence in exceptional management to achieve new goals of $1.6b sales/20% EBITDA margins, backed by recent insider buying," said analyst Justin Keywood. Savaria's revenue target represents 12% CAGR (7-8% organic/~4% inorganic). The target is at the high-end of Keywood's $1.1 billion to $1.3 billion organic estimate as strong aging secular trends continue for the end-to-end assisted lift provider.Savaria will be prioritizing dealer acquisitions to expand territorial coverage and product distribution (e.g. SIS's recent acquisition of Texas-based Baxter Residential Elevators). It will also focus on larger, opportunistic acquisitions that grow the product portfolio and/or fill a niche.Keywood believes tangible progress on European growth will also be key in unlocking a higher re-rating in the stock as growth in the European business has been one of the few reservations for investors.Price: $28.82, Change: $-0.13, Percent Change: -0.45%

$SIS.TO

Mining & Metals24d ago

T2 Metals Raises $7.4 Million in Total After Closing Final Tranche of Non-Brokered Private Placement

T2 Metals (TWO.V) on Wednesday said it closed the final tranche of a non-brokered private placement of share units that raised $68,000.The company said it placed 136,000 units priced at $0.50 and made up of a share and one half of a two-year warrant to buy a share for $0.75 in the trancheIn total, he company placed 14.9-million units in the financing, raising $7.4 million.Shares of the company were last seen down $0.025 to $0.475 on the TSX Venture Exchange.Price: $0.48, Change: $-0.03, Percent Change: -5.00%

$TWO.V

Mining & Metals24d ago

Scryb Changing Its Name to NorthPalm Capital; Shares Up 33%

Scryb (SCYB.CN) on Wednesday said it plans to complete its corporate name change to NorthPalm Capital.The company said the proposed name change follows recent changes in its management team and board of directors.The company further said that the name change has been approved by its board of directors and was approved by shareholders at a March 31 meeting."Under the new NorthPalm Capital, the company plans to focus on timing, execution, and high-growth opportunities, supported by a more disciplined investment approach and the increasing use of AI-enabled workflows to enhance operational efficiency and growth initiatives," the company said.Shares of the company were last seen up $0.04 to $0.16 on the Canadian Securities Exchange.Price: $0.16, Change: $+0.04, Percent Change: +33.33%

$SCYB.CN

Mining & Metals24d ago

Stifel Canada Maintains BRP Buy Rating, $116.00 Price Target, Despite FY27 Guidance Suspension

Stifel Canada is maintaining its buy rating and $116.00 price target on the shares of BRP (DOO.TO, DOO) despite the company suspending its annual guidance due to changes to the U.S. tariff environment, as "tariffs have proven to be volatile".In a statement, BRP management calculated the impact of the new tariffs could exceed $500 million annually, without any mitigating measures implemented. This represents about 60% of the company's total FY26 EBITDA, writes analyst Martin Landry.The impact should start in the second quarter as most of the products sold in the fiscal first quarter were exported into the United States under a lower tariffs structure, Landry adds."We are not changing our forecast at this point as tariffs have proven to be volatile. The magnitude of the impact is mind-blowing, but it is likely the worst case scenario."Price: $68.29, Change: $-39.75, Percent Change: -36.79%

$DOO$DOO.TO

Mining & Metals24d ago

Torr Metals Targets Potential Porphyry Source at Bertha Zone and Expands District-Scale Cu-Au Corridor With New Kova Target

Torr Metals (TMET.V) on Wednesday said it is planning a phase-two drilling program at its Kolos copper and gold project in British Columbia, after 2025 drilling intersected 68 intervals of copper mineralization at the property.The company said the second phase will focus on the Bertha North target, to test a "moderate to high-resistivity geophysical anomaly".The company said field crews have mobilized to site and are currently conducting reconnaissance sampling, drone magnetics, and induced polarization (IP) surveys to refine targets ahead of drilling planned for second quarter of 2026."Phase II is designed to directly drill test this target, representing a meaningful step forward from defining the system to targeting its underlying source," said chief executive Malcolm Dorsey. "At the same time, current geophysical work is focused on identifying whether similar source signatures exist to the northeast of our Phase I drilling and at Kova, as we continue to expand and refine high-priority targets."Shares of the company were last seen up $0.005 to $0.105 on the TSX Venture Exchange.

$TMET.V

Mining & Metals24d ago

TSX up 27 Points at Midday With Info Tech The Best Performer

The Toronto Stock Exchange is up 28 points at midday, with most sectors lower.Info tech and healthcare are the best performers, up 2.6% and 1.1%, respectively, followed by the financials sector, which is 0.7% higher. Canadian banks and life insurers are either at or approaching record highs.Industrials is the worst performer, down 0.6%.In economic news, Canadian manufacturing sales increased 3.6% to $71.2 billion in February, driven largely by higher sales of transportation equipment, machinery, and primary metals, StatsCan reports. Sales rose in six provinces in February, led by Ontario and Quebec, while Alberta posted the largest decline.Wholesale sales (ex-petroleum and grains) rose 2.0% in February to a seasonally adjusted $86. 8billion, StatsCan said.In company news, BRP (DOO.TO) shares have plunged 37% to its lowest level since last July, after it suspended its FY 2027 guidance following the implementation of a revised U.S. tariff regime that will see a 25% tariff on its snowmobiles and most of its offroad vehicles.

$^GSPTSE$.GSPTSE$DOO.TO

Mining & Metals24d ago

BMO Lifts Osisko Metals' Price Target to US$2.50 from US$1.75

BMO Capital Markets on Wednesday maintained its outperform rating on the shares of Osisko Metals (OM.TO) while raising its price target to US$2.50 from US$1.75.BMO said the increase in copper resources at Osisko's Gaspe project in Quebec sets a trajectory for a larger development than previously justified."In our opinion, the track record of the province of Quebec supporting mining development suggests additional power will be made available to optimize development of the project," BMO said.BMO noted that Osisko's 50,00-meter drilling program for 2026 is extending the project to the south and southwest, positioning the project for more growth.

$OM.TO

Mining & Metals24d ago

BMO Resumes Coverage of Eldorado Gold with Outperform Rating, C$82.00 Price Target

BMO Capital Markets on Wednesday resumed coverage of Eldorado Gold (ELD.TO,EGO) with an outperform rating and a lowered priced target of C$82.00 after the company closed its acquisition of Foran Mining.The transaction adds the McIlvenna Bay project in Saskatchewan to Eldorado's portfolio, diversifying both jurisdictional and commodity exposure while providing a clear pathway for Eldorado to produce about one-million gold-equivalent ounces by 2030, BMO said."We believe this transaction could also increase free cash flow generation, particularly if commodity prices remain elevated," BMO said.Price: $48.23, Change: $-1.80, Percent Change: -3.60%

$EGO$ELD.TO

Mining & Metals24d ago

BRP Downgraded to Neutral at Seaport Research as New U.S. Tariffs Take Effect

Seaport Research downgraded its rating on the shares of BRP (DOO.TO) to neutral from buy after the company suspended its 2027 guidance following the April 6 implementation of new tariffs on steel, aluminum and copper imports into the United States.The revision leads to a 25% tariff on the total value of imported snowmobiles and the majority of off-road vehicles, replacing the previous 50% tariff on applicable metal content only. BRP estimates the potential incremental tariff cost is over $500 million for the year before any mitigation measures.Seaport cut its FY26 earnings per share (EPS) estimate to $1.50 from $6.50 and 2027 EPS estimate to $2.25 from $8.20.Price: $68.80, Change: $-39.25, Percent Change: -36.32%

$DOO.TO

Mining & Metals24d ago

Allied Properties Real Estate Investment Trust Announces April 2026 Distribution

Allied Properties Real Estate Investment Trust (AP-UN.TO) on Wednesday said its trustees declared a distribution of $0.06 per unit for the month of April, unchanged from the prior month. The distribution will be paid on May 15 to unitholders of record on April 30.Price: $10.65, Change: $+0.11, Percent Change: +1.04%

$AP-UN.TO

Mining & Metals24d ago

Ramp Metals Intersects Mineralization in All Drillholes at the Rush Anomaly

Ramp Metals (RAMP.V) on Wednesday said it completed a total of nine holes totaling 2,199 meters to date in the Rush anomaly at its Rottenstone SW copper-gold project in Saskatchewan as part of its ongoing 2026 winter drill program.The company said all drilling to date has taken place on the 1,100-meter long main Rush anomaly, and every drill hole has intersected significant VMS-style mineralization. Broad zones of mineralization were encountered in multiple holes.Preliminary results, it added, indicate continuity between the two zones identified in 2025 and have led to the identification of a new, deeper zone situated west of the previously known mineralization. The company said core cutting and processing are progressing smoothly, and shipments are dispatched promptly after the completion of each drill hole.The company also said its hares recently began trading on OTC Markets in the United States under the symbol RMPMF. Ramp Metals is in the process of applying for DTC eligibility.Shares of the company were last seen up $0.005 to $0.34 on the TSX Venture Exchange.Price: $0.34, Change: $+0.01, Percent Change: +1.49%

$RAMP.V

Mining & Metals24d ago

BMO Downgrades Chemtrade to Market Perform

BMO Capital Markets on Wednesday lowered its rating on the units of Chemtrade Logistics Income Fund (CHE-UN.TO) to market perform, while maintaining its C$18.50 price target.BMO said the downgrade reflects the rejection of Chemtrade's planned rezoning for its North Vancouver chlor-alkali plant.According to BMO, more predictable earnings, index inclusion, rezoning approval, and valuation catch-up to U.S. commodity-chemical peers were key catalysts for continued outperformance by Chemtrade.But with uncertainty linked to the North Vancouver facility beyond 2030, BMO said it now awaits more clarity.Price: $14.70, Change: $+0.20, Percent Change: +1.38%

$CHE-UN.TO

Mining & Metals24d ago

Queen's Road Capital Raising $23 Million in a Private Placement of Shares

Queen's Road Capital Investment (QRC.TO) on Wednesday said it will raise up to $23 million from a non-brokered private placement of shares.The company said it will look to place 1.48-million shares priced at $15.50 each..Proceeds will be used to fund additional investments "in accordance with the company's investment policy"."This private placement gives us the opportunity to welcome new long-term, supportive institutional shareholders to our register as we embark on the next growth phase of QRC," said chief executive Warren Gilman. "The added diversification of our shareholder base should result in an increase in the liquidity of the shares which will benefit all shareholders."The company's shares last traded Tuesday, closing at $16.25 on the Toronto Stock Exchange.

$QRC.TO

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