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GFG Resources Exercises Option To Acquire WWCC Property In Ontario

GFG Resources (GFG.V) said Monday that it has exercised its option to acquire a 100% interest in the WWCC property within the Goldarm project in Ontario.GFG said its issued its final share payment of 1,665,556 shares to International Explorers and Prospectors (IEP), exceeded C$2.0 million in exploration expenditures and transferred $400,000 in assessment credits to IEP.IEP will retain a net smelter royalty of up to 2% on certain claims, which can be halved for $1.0 million.The consolidated Goldarm property now consists of over 15,000 hectares and covers over 30 kilometers of the prospective Pipestone and North Pipestone deformation zones, which host multiple gold deposits and mines."The consolidation of the Goldarm property, including WWCC, represents a significant milestone in advancing our vision to discover the next Timmins gold mine," chief executive Brian Skanderbeg said. "District-scale consolidation opportunities in a proven gold camp are rare, and we believe this underexplored region holds exceptional discovery potential."Price: $0.16, Change: $+0.01, Percent Change: +3.33%

$GFG.V

Mining & Metals26d ago

Freehold Royalties' Chief Financial Officer Resigns

Freehold Royalties (FRU.TO) Monday said that Shaina Morihira has submitted her resignation as vice president, finance and chief financial officer, effective May 15, 2026.The company said that Morihira will remain with the company until May 15, 2026 to ensure a smooth transition of responsibilities, including the filing of the company's Q1 2026 financial results on May 12, 2026.In the meantime, the company said it has initiated a formal search for Morihira's successor through the assistance of an executive search firm."On behalf of the entire organization, I thank Ms. Morihira for her dedication and leadership," said David Spyker, president and chief executive."During her tenure, she played a meaningful role as we transitioned into a fully staffed independent organization. She supported key strategic initiatives and led with a strong focus on collaboration and strengthening organizational capabilities. We wish Shaina all the best in her future endeavours."The company's shares were last seen up $0.20 at $17.35 on the Toronto Stock Exchange.Price: $17.32, Change: $+0.17, Percent Change: +0.99%

$FRU.TO

Mining & Metals26d ago

Auxly Cannabis Updated On Stalking Horse Bid for Assets of Ayurcann

Auxly Cannabis Group (XLY.TO) on Monday said that its stalking horse bid for the assets of Ayurcann Holdings Corp. (AYUR.CN) was not selected as the successful bid in the court-supervised sale process.As previously disclosed, the stalking horse bid was submitted in the Ayurcann sale process concurrently with Auxly providing debtor in possession financing to Ayurcann in a principal amount of up to $2.0 million.Pursuant to the terms of the sales process, Auxly's bid has been selected as the "Back-Up Bid" in accordance with the sale process rules and, should the successful bid not close by May 15, 2026, will be the winning bidder at its original stalking horse bid amount.As part of the closing of the successful bid, the DIP Facility will be repaid, including interest, by the successful bidder. Additionally, the Break Fee and Expense Reimbursement contemplated in the stalking horse bid will be paid to the company as part of the closing of the successful bid.Hugo Alves, CEO of Auxly, in a statement said: "Our stalking horse bid for Ayurcann was opportunistic in nature and contingent on exceeding our internal return thresholds. Our team will continue to pursue non-organic growth opportunities with vigilance where there is a strong strategic fit and, in the meantime, we can continue to focus on growing our business organically. We expect to generate significant free cash flow in 2026 and we are evaluating all our capital allocation alternatives to maximize shareholder value."Shares of Auxly were last seen unchanged at $0.125 on the Toronto Stock Exchange.

$AYUR.CN$HMMJ.TO$XLY.TO

Mining & Metals26d ago

TSX Down More Than 100 Pts; Index Was Up Seven of Last Eight Full Sessions

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Mining & Metals26d ago

Denarius Metals Moves To Buy Emerita Resources; Comes After OSC Announced Allegations Against Emerita

Denarius Metals Corp. announced Monday that it has delivered a letter to the board of directors of Emerita Resources Corp. (EMO.V) outlining a proposal to acquire all of its issued and outstanding common shares.This comes after the Ontario Securities Commission (OSC) announced Friday enforcement proceedings against Emerita, five of its directors and officers, as well as an individual related to the alleged misconduct. It also comes after EMO, which is edging higher early Monday, lost a third of its value and touched 52 week lows on Friday.Under its proposal, Denarius Metals would acquire Emerita in an all share transaction at a 15% premium to market, based on Emerita's closing share price on the TSX Venture Exchange on April 10, 2026. The proposal contemplates consideration payable entirely in common shares of Denarius, which operates four projects across Colombia and Spain, including the Zancudo gold-silver project in Colombia, which is now in production, and the Aguablanca nickel-copper, Lomero polymetallic, and Toral zinc-lead-silver projects in Spain. Two of these projects, Aguablanca and Lomero, are located near IBW, Emerita's principal project.Denarius said it believes the proposal offers Emerita shareholders a "compelling and certain path to value relative to a standalone development trajectory", and added the proposal is "subject to the negotiation and execution of a mutually acceptable definitive agreement and the satisfaction of customary conditions". There can be no assurance that the proposal will result in a completed transaction.Emerita was down $0.13 or 33% at $0.26, and touched a 52 week low #0.25, last Friday. It was at last look up $0.01 at $0.27 today.

$EMO.V

Mining & Metals26d ago

AutoCanada Completes Sale Of Hyundai Of Lincolnwood Dealership

AutoCanada (ACQ.TO) Monday said it completed the sale of Hyundai of Lincolnwood, in Lincolnwood, Illinois, which was a part of the U.S. dealerships reclassified as discontinued operations at year-end 2024.The company said it received about $3.3 million in cash for goodwill and fixed assets, excluding inventory and net working capital. Proceeds will be directed towards reducing the outstanding balance of its revolving credit facility."The sale of Hyundai Lincolnwood represents further advancement in the Company's strategy to divest its U.S. Operations segment, enhance overall profitability, and lower leverage," said AutoCanada in a statement."Following the classification of the U.S. segment as discontinued operations at the end of 2024, the Company has realized approximately $65.8 million in gross proceeds, net of working capital, from the divestiture of U.S. assets."AutoCanada said it continues to expect proceeds from the sale of all its U.S. dealerships to be at the upper end of its previously disclosed $115 million to $130 million range. The U.S. dealership portfolio generated a net loss from discontinued operations of $103.4 million in 2024.Shares of the company closed up 1.8% to $21.1 on Friday on the Toronto Stock Exchange.

$ACQ.TO

Mining & Metals26d ago

Mineros' Q1 Gold Equivalent Production Jumps 10% YoY

Mineros S-A (MSA.TO) said Monday that its gold equivalent production increased 10% year over year in the first quarter.The company produced 60,782 gold equivalent ounces in the three months ended March 31, rising from 55,124 ounces produced in the year-ago period.Mineros' gold production rose 7% to 57,850 ounces while silver production surged 109% to 161,766 ounces.The miner attributed that higher production to the 22% output increase at the Hemco property in Nicaragua, where it focused on metallurgical recoveries and expanding throughput.Mineros also operates the Nechi property in Colombia, where normal production is expected to recover in the third quarter after its first-quarter output was slightly lower than average but in line with mining plans."With over 60,000 gold equivalent ounces produced in the quarter, the company is tracking toward the upper end of annual guidance of 213,000 to 233,000 ounces," chief executive Daniel Henao said.

$MSA.TO

Mining & Metals26d ago

Ballard Power Systems Appoints Ralph Robinett as Chief Operating Officer

Ballard Power Systems (BLDP.TO) on Monday said it appointed Ralph Robinett as senior vice president and chief operating officer, replacing Lee Sweetland, effective April 13, 2026.The company said that Ralph brings more than 25 years of global operations, manufacturing, supply chain, and transformation leadership experience across advanced technology and clean energy businesses.It added that, most recently, Robinett served as chief operating officer at GAF Energy. He has also held senior leadership positions at Celestica (CLS.TO), Velodyne LiDAR, and SunPower, where he oversaw international manufacturing, implementation of automation strategy, and supply chain transformation, added the company.Marty Neese, Ballard's President and Chief Executive Officer, said: "Ralph brings a powerful combination of operational discipline, global manufacturing expertise, and strategic leadership to the position. His track record of scaling complex operations, improving productivity, and building strong teams will be invaluable as we continue to execute on our strategy and position Ballard for long-term growth. I also want to thank Lee Sweetland for his contributions to Ballard and wish him well in the future."Shares in BLDP were at last look down in U.S. premarket trade, having risen by more than 6% in both the U.S. and Canada last Friday.

$BLDP.TO$CLS.TO

Mining & Metals26d ago

Tethys Petroleum Says Lower Oil Prices Cause 2025 Reserves NPV To Decline

Tethys Petroleum (TPL.V) said Monday that its most recent reserve report for operations in Kazakhstan show the total proved and total proved + probable reserves are about the same as last year, but net present value calculations are lower, mainly due to lower oil prices.The total proved and probable NPV using a 10% discount rate is about US$474 million, a 15% decrease when compared with the US$560 million in 2024. Total proved and probable reserves were 84,844 thousand barrels of oil equivalent (Mboe), slightly lower than 2024's 85,554 Mboe.Tethys shares last traded on April 9, closing at $1.50, on the TSX Venture Exchange.

$TPL.V

Mining & Metals26d ago

Aclara Files Results Of Feasibility Study For Flagship Carina Project and Technical Reports On Integrated Heavy Rare Earths Supply Chain

Aclara Resources (ARA.TO) announced Monday the filing and results of the feasibility study for the company 's flagship asset, the Carina Project in the State of Goias, Brazil, highlighting after-tax net present value of US$1.7 billion based on mineral reserves.Separately, Aclara announced results of a series of technical studies supporting its integrated heavy rare earths supply chain, spanning from mining operations to the production of permanent magnet alloys. The studies include a feasibility study for the Carina Project, a scoping study for the company's separation project, and a Front-end Loaded 2 (FEL 2) Technical Report (pre-feasibility study level) for its metals and alloys project.Aclara said it is advancing two ionic clay deposits in Brazil and Chile "capable of producing a mixed rare earth carbonate with very high concentrations of heavy rare earth elements", particularly those restricted under China's export controls. "To help build a reliable supply chain outside of China, Aclara is also establishing a U.S.-based processing hub that will separate MREC into individual rare earth oxides and further transform these oxides into metals and alloys tailored to the needs of permanent magnet manufacturers," it added.On the Carina Project, Aclara's COO, Hugh Broadhurst, said, "Completing a Feasibility Study only six months after our Pre-Feasibility Study is a significant achievement....The level of engineering detail we are presenting today is substantial -- and it reflects the considerable work that has gone into the Carina Project from the very beginning."We remain the only company in the world to report heavy rare earth Mineral Reserves from ionic clays in accordance with NI 43-101. We have demonstrated our metallurgical process via a continuously operated pilot plant. This FS builds on such foundation with a level of rigor appropriate to the significance of the project."Shares in ARA rose 1.7% in Canada last Friday.

$ARA.TO

Mining & Metals26d ago

Almonty Industries Down Relocates Headquarters to Montana, From Toronto

Almonty Industries (AII.TO) said Monday that it has relocated its corporate headquarters to Montana, United States, from Toronto, Canada.Almonty said the transfer allows the company to move closer to key stakeholders, including U.S. government agencies, defense contractors and industrial partners, as it seeks to become a leading U.S.-aligned tungsten producer.The company listed on the Nasdaq in July 2025 and has acquired the Gentling tungsten project in Montana, which is expected to restart production in 2026.The move follows Almonty's Nasdaq listing and US$90 million oversubscribed IPO in July 2025, a US$129 million follow-on financing in December 2025, and the acquisition of Montana's Gentung Tungsten Project, expected to restart production this year.Almonty has also partnered with American Defense International while participating in the Defense Department-backed Critical Minerals Forum and receiving congressional recognition for strengthening critical mineral independence.The company added that it has appointed former senior US Army generals as directors.

$AII.TO

Mining & Metals26d ago

5N Plus Appoints Alban Fournier As CFO Effective April 27

5N Plus (VNP.TO) announced Monday the appointment of Alban Fournier as its chief financial officer, effective April 27, as part of its previously announced leadership succession plan under which Richard Perron, current CFO, will become president and chief executive and Gervais Jacques, current CEO, will become executive chair of the Board effective May 31.The company said Fournier has nearly 30 years of experience across three continents in corporate and operational roles and most recently served as chief financial and technology officer at the Montreal Port Authority, where he also oversaw procurement.Shares of the company closed up 4.2% to $35.47 on Friday on the Toronto Stock Exchange.

$VNP.TO

Mining & Metals26d ago

Electrovaya Launches Lithium-Ion Battery Systems For Walkie Pallet Jacks

Electrovaya (ELVA.TO) said Monday that it has launched its Infinity lithium-ion battery systems for application in walkie pallet jacks.Walkie pallet jacks are common in distribution centers, warehouses, manufacturing plants, and retail stores.The battery line, which features two capacities, includes an onboard charger. The combination of multiple battery sizes and charger options allows for precise configuration to match specific application needs, the company said."With this product line launch, our material handling equipment battery portfolio is further enhanced, positioning us to offer a complete and unified solution to our customers," said Jeremy Dang, head of business development at Electrovaya.Electrovaya shares closed up $0.09, to $11.46 on Friday on Toronto Stock Exchange.

$ELVA.TO

Mining & Metals26d ago

Freegold Ventures Advancing Golden Summit Project Towards Pre-Feasibility Study

Freegold Ventures (FVL.TO) said Monday that 2026 drill program for its Golden Summit project in Alaska is well underway, as the company progresses towards a pre-feasibility study.Five drill rigs are operating and one additional rig is on site, due to begin drilling next month, Freegold said. Eleven holes have been completed, and an additional five holes are in progress. The ~50,000 m campaign is focused on infill drilling to strengthen grade control and confidence in higher-grade corridors.Metallurgical work also continues to support multiple potential development pathways, with recovery rates exceeding 90% using sulphide-oxidizing techniques, a statement said.Freegold has appointed Maureen Marks as vice president, engineering and Paul Jago as exploration manager, as it advances toward the upcoming pre-feasibility study for the Golden Summit project."Golden Summit is demonstrating the scale, continuity, and quality required to support a highly compelling development opportunity. With our largest drill program to date underway-~50,000 metres with multiple rigs operating-and metallurgical work advancing, we are positioning the project for multiple development pathways. Key upcoming catalysts include ongoing drill results, continued metallurgical test work updates, and steady progress toward delivery of the Pre-Feasibility Study, which we believe will be transformational for the project and the company," said chief executive Kristina Walcott.Freegold shares closed up $0.03, to $1.26, on Friday on the Toronto Stock Exchange.

$FVL.TO

Mining & Metals26d ago

AutoCanada Advancing U.S. Exit Strategy With Sale of Hyuandai of Lincolnwood

$ACQ.TO

Mining & Metals26d ago

Mineros Reports Q1 2026 Gold Production of 60,782 Gold Equivalent Ounces, Delivering 10% Year-Over-Year Growth

$MSA.TO

Mining & Metals26d ago

Freehold Royalties Announcing Shaina Morihira Has Submitted Her Resignation as VP, Finance and Chief Financial Officer, Effective May 15, 2026

$FRU.TO

Mining & Metals26d ago

Bonterra Energy Announces Approval Of Its Second Normal Course Issuer Bid

Bonterra Energy (BNE.TO) Monday said that Toronto Stock Exchange accepted its notice of intention to renew its normal course issuer bid for outstanding common shares in accordance with the rules and policies of the TSX.The company said that the NCIB represents its second such program.The NCIB will allow the company to purchase a maximum of around 3.11 million common shares of Bonterra, representing 10% of its public float and approximately 8.5% of its around 36.57 million outstanding common shares as of April 2, 2026, over a period of 12 months starting April 15, 2026, and expiring April 14, 2027, or such earlier time as the bid is completed or terminated at the option of Bonterra.Any common shares that are repurchased by Bonterra under the NCIB will be cancelled, said the company.During the past 12 months, the company said it purchased an aggregate of 749,900 common shares at a weighted average price of $3.56 per common share.

$BNE.TO

Mining & Metals26d ago

EnviroGold Global Advancing Centralized Hub Model To Reduce Risks, Accelerate Revenue Generation

EnviroGold Global (NVRO.V) said Monday that it is advancing a centralized processing hub model that will use its proprietary NVRO Process to recover precious, base, and critical metals from mine waste and tailings.Under the plan, the company said it can process tailings from multiple projects through shared, partner-operated infrastructure.EnviroGold said this approach reduces the need for standalone processing facilities, improves access to processing capacity for owners of tailings, and enables the aggregation of feedstock across multiple sources.According to EnviroGold, the centralized hub model supports earlier revenue generation and reduces capital requirements and development risks."We believe this model enhances our ability to participate in the growing demand for critical minerals while maintaining a disciplined and scalable approach to deployment," chief executive Grant Freeman said.

$NVRO.V

Mining & Metals26d ago

West Red Lake Gold Mines Provides Drill Results From Madsen Mine

West Red Lake Gold Mines (WRLG.V) Monday provided drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.The company said recent drilling success from the Austin 904 "demonstrates the potential for discovery of additional high-grade lenses of gold mineralization in the main Austin Zone very similar to those that have already been delineated in the South Austin 4447 area during the 2025 campaign." It is anticipated that the 904 Complex will continue to be a primary focus of drilling at Madsen for the remainder of 2026 with initial production from this area expected in the first half of 2027.Hole MM26D-13-4881-031 intersected 5.35 metres (m) at 215.46 grams per tonne (g/t) gold (Au), from 135.10m to 140.45m, including 2.95m at 388.90 g/t Au, from 136.00m to 138.95m. Hole MM26D-13-4881-034 intersected 4.05m at 50.34 g/t Au, from 135.5m to 139.55m, including 0.5m at 390.36 g/t Au, from 137.05m to 137.55m.It also said hole MM26D-13-4881-018 intersected 3m at 61.70 g/t Au, from 122.5m to 125.5m, including 0.5m at 61.70 g/t Au, from 123.5m to 124.0m. The company said these intercepts were complemented by multiple occurrences of visible gold spatially associated with quartz veining and strong silicification."For historic comparison, the High-Grade Zone discovery by Goldcorp Inc. in Red Lake was initially established on nine holes with a weighted average grade of 311 grams per tonne gold, uncapped, over 2.3 metres - we already have multiple results received to date out of 904 that exceed these grades and thicknesses," said West Red Lake Gold Mines vice president of Exploration Will Robinson. "Additionally, our definition drills have only begun testing the upper 30 metres of the currently modeled 200 metre by 200 metre mineralized panel in 904 - which is believed to be fully intact and has had no historic mining."Shares of the company closed unchanged at $0.99 on Friday on the TSX Venture Exchange.

$WRLG.V

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Mining & Metals26d ago

Aclara Files Results Of Feasibility Study For Flagship Carina Project and Technical Reports On Integrated Heavy Rare Earths Supply Chain

$ARA.TO