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Morguard Completes $250 Million Debenture Offering

Morguard (MRC.TO) has completed a $250 million senior unsecured debentures offering, the company said on Thursday.The real estate and property management company said the Series J debentures will bear interest at 4.31% per annum and mature on June 18, 2029.Morningstar DBRS rates the debentures "BBB (low)" with a "Stable" trend.Proceeds from the offering will be used to redeem all of Morguard's 9.5% Series H senior unsecured debentures due Sept. 26, 2026. The redemption date is June 22.Morguard shares closed unchanged at $125.85 on Wednesday on the Toronto Stock Exchange.

$MRC.TO

Mining & Metals5d ago

Altura Energy Reports Return to Helium Production; Begins Multi-Well Workover Program

Altura Energy (ALTU.V) has returned the two wells worked over to date, PSOC 23-15 and PSOC 22-8, to production following work completed during the company's 2025 field program, it said on Thursday."The flow rates are improving daily and final rates will be announced once wells have stabilized," the company said.Altura also completed cased hole log analysis on three previously drilled wells and the analysis identified additional potential within the Shinarump formation, increasing the number of prospective workover candidates from six to seven wells.A workover rig arrived on site on June 11, to "advance the next phase of field activity" and has begun workovers on the remaining five prospective wells in Saddle Horse Draw, the company added."The successful return of production is only the first step in unlocking long-term value from the Pinta South Helium Field," said Chief Executive Ashley Lastinger. "With the log analysis having identified a seventh workover target and the rig on site, we are well positioned to accelerate helium production growth and field development."Helium produced by wells in the Saddle Horse Draw area will be sold through a long-term offtake agreement, the company added.

$ALTU.V

Mining & Metals5d ago

Energy Fuels Up 16% In U.S. Pre-Market On Conditional U.S. Government Support to Speed-Up Growth in Rare Earths and Critical Materials

U.S.-listed shares of Energy Fuels (EFR.TO, UUUU) rose 16% on Thursday after it received conditional commitment for up to $725 million of senior-secured debt from U.S. Office of Strategic Capital (OSC) to support expansion of U.S. rare earths and critical materials production and processing capabilities.The OSC would extend the loan with a tenor of 20 years to support the planned expansion of its critical minerals processing capabilities at its White Mesa Mill in Utah as well as a planned rare earth metals and alloy facility to be constructed in the United States, subject to some terms. Shares were last seen up $2.5 at $17.79 in US pre-market trade.Proceeds from the finalized financing will be used to support eligible project development, processing capacity, supply chain integration, working capital and other strategic priorities, consistent with the terms of the applicable financing arrangements, it said.Shares of the company closed up 0.4% to $21.62 on Wednesday on the Toronto Stock Exchange.

$EFR.TO

Mining & Metals5d ago

Hudbay Minerals Breaks Ground at New Ingerbelle Expansion Project in British Columbia

Hudbay Minerals (HBM.TO) Thursday said it recently broke ground at the New Ingerbelle expansion project, part of its Copper Mountain mine in British Columbia.New Ingerbelle is expected to produce about 750,000 tonnes of copper, 900,000 ounces of gold and 5.5 million ounces of silver over the life of mine, based on current mineral reserves. The expansion is expected to generate more than C$11.5 billion in provincial GDP, while preserving more than 800 direct jobs and generating more than C$2.2 billion in labour income.The expansion project is designed to access higher-grade mineralization and features a stripping ratio about three times lower than current mining area, Hudbay said.New Ingerbelle is part of the Government of British Columbia's list of priority resource projects. The groundbreaking ceremony was attended by officials including Tim Hodgson, Canada's minister of energy and natural resources, and Jagrup Brar, British Columbia's minister of mining and critical minerals."The opening of New Ingerbelle enhances the copper and gold production profile at Copper Mountain, secures more than 800 full-time jobs beyond 2040 and ensures the mine continues to deliver economic benefits at the local, regional and federal levels," CEO Peter Kukielski said.

$HBM.TO

Mining & Metals5d ago

Scotiabank to Invest $2.5 Million at Queen's Smith School to Advance Applied AI, Hands-on Learning

Scotiabank (BNS.TO) is investing $2.5 million over five years in a renewed arrangement with Smith School of Business at Queen's University, the bank said on Thursday.The investment, made through the bank's 10-year, $500-million community investment initiative, will support the Scotiabank Centre for Analytics & AI at Queen's Smith School, and help develop applied research and hands-on learning, Scotiabank added in a statement.The donation will also fund scholarships and help strengthen AI literacy in communities and among small businesses."For more than a decade, Scotiabank has invested in the practical, hands-on learning of data and analytics research to help prepare students for real-world opportunities through our partnership with Queen's," said Phil Thomas, chief strategy and operating officer.Scotiabank shares were last seen down US$0.38, to US$85.99 in U.S. pre-market trading.

$BNS.TO

Mining & Metals5d ago

Brixton Starts Drilling for Maiden Tailings Resource Estimate at Langis Silver Project in Ontario

Brixton Metals (BBB.V) has launched a dedicated sonic-drilling campaign to define a potential initial resource estimate from historic tailings at the Langis silver project in Ontario, the company said Thursday.The campaign is expected to help Brixton advance a recovery and remediation plan as well as generate near-term cash flow, while a 60,000-meter 2026 bedrock drill program is ongoing, the company said.Brixton has mobilized two additional rigs for the bedrock drill program to expand known mineralized zones and test unmined extensions, bringing the total active rigs in the project to three."With the surface rights and patented claims already in hand and Ontario's new recovery framework in place, we are well positioned to advance this opportunity, while our two bedrock rigs continue to expand the high-grade silver potential across the broader property," CEO Gary Thompson said.

$BBB.V

Mining & Metals5d ago

Xali Gold Says $1 Million Private Placement Is Fully Subscribed

Xali Gold's (XGC.V) non-brokered private placement for proceeds of $1 million is fully subscribed by two placees, it said on Thursday.The advancement of the company's Pico Machay Gold project, an advanced exploration stage project in Peru with a near-term production goal, will be supported by about 75% of the proceeds from the private placement. The balance of the proceeds will be directed toward working capital and general corporate needs, it said.The offering consisted of the issuance of 4-million common shares at $0.25 apiece. The private placement received conditional acceptance from the TSX Venture Exchange (TSXV) and remains subject to final acceptance.Shares of the company closed down 5.7% to $0.25 on Wednesday on the TSXV.

$XGC.V

Mining & Metals5d ago

Manhattan Uranium Discovery to Begin Trading on the OTCQB Venture Market

Manhattan Uranium Discovery's (MANU.V) shares will begin trading on the OTCQB Venture Market in the United States, under the symbol "MAUUF", effective at the market open on June 22, it said on Thursday.The company's shares will continue to trade on the TSX Venture Exchange under the symbol "MANU" and on the Frankfurt Stock Exchange under the symbol "J5B0", the company added."With the majority of Manhattan Uranium's project portfolio situated in the United States, gaining direct access to U.S. investors through the OTCQB was a clear and immediate priority," said Galen McNamara, CEO of Manhattan. "The OTCQB provides American investors with a familiar and accessible way to participate in our story as we advance our portfolio toward key catalysts. We look forward to continuing to build our U.S. shareholder base as we execute on our near-term objectives."

$MANU.V

Mining & Metals5d ago

enCore Energy's Dewey Burdock Uranium Project Receives BLM Approval

enCore Energy's (EU.V, EU) Dewey Burdock uranium in-situ recovery (ISR) project in South Dakota has received approval from the Bureau of Land Management (BLM), the company said on Thursday.The approval means enCore can now begin infrastructure construction for the ISR project.The permitted work under the BLM environmental assessment includes constructing parts of the primary and secondary access roads, four groundwater monitoring wells, and overhead power lines, a statement added.enCore Energy shares fell $0.05, to $2.30 on the Toronto Stock Exchange on Wednesday.

$EU.V

Mining & Metals5d ago

Prosper Gold to Sell Golden Sidewalk Project in Ontario to Kenorland Minerals

Prosper Gold (PGX.V) has agreed to sell the Golden Sidewalk and Skinner properties in Ontario to Kenorland Minerals (KLD.V) for C$1 million, Prosper Gold said Thursday.The Golden Sidewalk project covers over 160 square kilometers, and Prosper Gold has not conducted any significant exploration activities at the site for the period ended Jan. 31, the company said.The transaction needs approval of Prosper Gold shareholders during a meeting scheduled in August.Prosper Gold's board unanimously recommended that shareholders vote in favor of the sale, the company said.

$KLD.V$PGX.V

Mining & Metals5d ago

dynaCERT to Raise up to $5 Million Through Non-Brokered Private Placement Financing

dynaCERT (DYA.TO) Thursday announced a non-brokered offering to raise up to $5 million.The company is offering convertible unsecured units at a price of $1 million each. Each unit will consist of a convertible note with a principal amount of $1 million, bearing interest at an annual rate of 6% and maturing two years from the date of issuance. The note will be convertible, at the holder's option and in whole or in part, into approximately 6.7-million company shares at a conversion price of $0.15 per share. Each unit will also include approximately 3.3-million warrants.Each warrant will entitle the holder to buy a share at an exercise price of $0.20 per share for a period of two years.If the offering is fully subscribed, the convertible notes will be convertible into an aggregate of around 33.3-million shares and around 16.7-million warrants will be issued, said the company.Gross proceeds will be used to finance sales of the company's HydraGEN Technology Products to participants in the mining, oil & gas, transportation, construction, port handling and stationary generator sectors on a global basis, for working capital and for general corporate purposes, added the company.Closing of the offering is subject to completion of formal documentation and receipt of all necessary regulatory approvals.

$DYA.TO

Mining & Metals5d ago

NVRO Metals Provides Resource Estimate for Australian Metals Hub

NVRO Metals (NVRO.V) released the results of a draft independent mineral resource estimate for the NVRO metals hub in Australia's Northern Territory, the company said Thursday.The project hosts measured, indicated and inferred resources of 77.6 million tonnes grading 1.69% copper equivalent for 356,000 tonnes of copper, 1.8 million tonnes of lead, 310,000 tonnes of zinc, 69,800 tonnes of cobalt, 62,100 tonnes of nickel and 21.0 million ounces of silver.The resource estimate supports NVRO's near-term copper, cobalt and nickel production, as well as long-term critical minerals development and the deployment of its proprietary NVRO process.NVRO is focused on recovering precious and critical metals from mine waste, tailings and complex sulfidic materials.

$NVRO.V

Mining & Metals5d ago

Maple Leaf Foods' 2025 Integrated Report Shows Waste Reduction, Animal Welfare Progress

Maple Leaf Foods (MFI.TO) on Thursday released its annual integrated report for 2025 that showed progress in areas including waste reduction, animal welfare and environmental targets.The maker of Schneiders meat products said it made "significant waste reduction" progress last year, with 10 more sites and facilities becoming landfill-free. It achieved a 2.1% cut in absolute Scope 1 & 2 emissions from the 2018 baseline, and an almost 16% decrease in Scope 3 emissions intensity from the 2018 baseline, it added."This has been a defining year for Maple Leaf Foods," said Chief Executive Curtis Frank. "We successfully completed the spin-off of our pork operations and the final phase of our C$2 billion transformation, positioning the company with greater financial strength, sharper strategic focus, and improved consistency in performance."Maple Leaf Foods shares rose 0.5% to $30.84 on the Toronto Stock Exchange Wednesday.

$MFI.TO

Mining & Metals5d ago

Kraken Robotics Gets Regulatory Approval of its Acquisition of Covelya

Kraken Robotics (PNG.V) received all regulatory and stock exchange approvals needed to complete its pending acquisition of Covelya, it said in a statement on Thursday.Closing of the acquisition is expected on July 2, subject to closing conditions.Shares of the company closed up 2.4% to $7.13 on Wednesday on the TSX Venture Exchange.

$PNG.V

Mining & Metals5d ago

Westport Fuel Systems Surged 54% in U.S.-Pre-Market After Cespira JV Entered Development Agreement With Volvo Group

U.S.-listed shares of Westport Fuel Systems (WPRT.TO, WPRT) rose 54% on Thursday after its joint venture (JV) with Volvo Group, Cespira, signed a development agreement with Volvo Group.Cespira agreed to finalize the integration and commercialization of its HPDI fuel system technology to enable Volvo Group's 13-litre engine to run on hydrogen. HPDI is a trademark of Cespira Canada LP, a Canadian limited partnership within the Cespira JV."By partnering with Cespira on the hydrogen application of its HPDI fuel system technology to allow our 13-litre engine platform to run on hydrogen, we recognize the potential of hydrogen internal combustion as a viable long-haul option for fleets to reduce emissions in demanding applications," said Volvo Group Senior Vice President, Powertrain Technology, Mehdi Ferhan.U.S.-listed shares of Westport were last seen up $1.01 at $2.87 in the US pre-market trading.

$WPRT.TO

Mining & Metals5d ago

Brookfield Business Selling Multiplex to Japan's Obayashi For $650 Million

Brookfield Business (BBUC.TO) is selling its its global construction business Multiplex to Obayashi, a Japanese construction company, for $650 million, the company said on Thursday.The sale price includes $530 million of cash proceeds on closing and an earn-out based on future business performance, a statement said. The transaction is expected to close in the fourth quarter of 2026.Multiplex, which was acquired by Brookfield in 2007 and became a standalone construction business as part of Brookfield Business in 2016, operates across Australia, the United Kingdom and Canada."With this transaction, we have secured nearly $1 billion in proceeds - equivalent to over $4 per share of cash from asset sales and distributions since the start of the year. Demand for what we do - buying and operationally transforming essential industrial and services businesses - has rarely been stronger. We are in an excellent position to build on our strong momentum in the second half of the year and continue compounding long-term value for shareholders," said Brookfield Business chief executive Anuj Ranjan.Brookfield Business shares were last seen up $0.72, to $32.63 in U.S. pre-market trading.

$BBUC.TO

Mining & Metals5d ago

A.I.S. Resources' Final Assay Results From New Brunswick Projects

A.I.S. Resources (AIS.V) received the final assay results from its New Brunswick projects that it said supports its interpretation that the project areas contain "multiple styles of mineralization" that warrant more systematic exploration.The results are from resubmitted 23 grab and chip rock samples that exceeded upper detection limits for copper, gold, silver and antimony, the company said Thursday."Although exploration is still in the early stages and results remain selective, the data supports accelerating our technical work programs to generate and prioritize high-quality targets for follow-up exploration," said Chief Executive Officer Marc Enright-Morin in a statement.

$AIS.V

Mining & Metals5d ago

ZYUS Life Sciences Closes Third Tranche of Secured Loan Financing

ZYUS Life Sciences' (ZYUS.V) wholly-owned subsidiary, ZYUS Life Sciences Inc, closed a third tranche of a secured loan financing with certain lenders, for C$200,000, the company said late Wednesday.The closing of the third tranche brings the total amount of the secured loan to $645,000, said the company, and added that the aggregate size of the secured loan offering is up to $2 million.The secured loan bears interest at a rate of 12% per annum, payable on maturity, is pre-payable by ZYUS Inc at any time without penalty or premium, and will mature six months from the effective date of the loan, added the company.Certain insiders of the company participated in the third tranche for an aggregate amount of C$100,000.The company plans to use the net proceeds of the third tranche for general working capital purposes."Subject to receipt of approval from the TSX Venture Exchange (the "Exchange"), the Secured Loan will be secured by a security interest granted under the terms of a general security agreement (subject to an exception in respect of certain assets)," said the company.ZYUS Inc expects to close additional tranches under the secured loan.

$ZYUS.V

Mining & Metals5d ago

Titan Mining Appoints Richard Pozzebon as CFO Effective July 6

Titan Mining (TI.TO, TII) appointed Richard Pozzebon as chief financial officer, effective July 6, it said in a statement on Thursday.Pozzebon, who has more than 23 years of finance and capital markets experience, most recently served as the executive vice president and CFO of Interfor (IFP.TO). Ashley Kates is serving as interim CFO during the transition period.Shares of the company closed down 2.5% to $3.18 on Wednesday on the Toronto Stock Exchange.

$IFP.TO$TI.TO

Mining & Metals5d ago

Empire Q4 Adjusted EPS Beats Estimates as Earnings, EBITDA Rise

Empire Company (EMP-A.TO) reported fiscal fourth-quarter adjusted net earnings of C$212 million, or $0.94 per share, an increase from $173 million, or $0.74, in the year-ago quarter.The adjusted earnings per share result beat the consensus estimate of $0.87 as compiled by FactSet.Sales for the fiscal fourth quarter were $7.81 billion, up from $7.64 billion. The sales result was slightly lower than the consensus estimate of $7.82 billion as compiled by FactSet.Adjusted EBITDA was $644 million, rising from $599 million.Pierre St-Laurent, CEO of Empire, said the company remains focused on driving growth within its existing network, advancing its key growth engines and continuing to enhance its value proposition for customers in what is expected to remain a challenging economic environment in fiscal 2027.

$EMP-A.TO

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