Financial News · Live Terminal

Page 1084 of 3123

High Tide to Buy Northern Helm; Secures Credit Approval for C$40 Million of Senior Secured Credit Facilities

High Tide (HITI.V, HITI) agreed to buy 100% of the equity interest of J. Supply Holdings Inc., operating as Northern Helm, resulting in the company's acquisition of four of the six retail cannabis stores currently operated by Northern Helm in Ontario for $7.74 million, it said on Monday.These acquisitions will bring High Tide's total store count to 228 Canna Cabana locations across Canada and 103 in the province of Ontario, it said. The consideration for the 100% of equity interests acquired will be about $3.2 million in assumed debt with a 2% interest rate, with 40% of the remaining amount paid in cash, and the remaining 60% paid in common shares of High Tide on closing on the basis, subject to some terms.In another press release, the company also said it secured credit approval for a loan agreement with Bank of Montreal (BMO.TO, BMO) in respect of new senior secured credit facilities in the principal amount of C$40 million. Closing of the new credit facilities remains subject to some conditions.The new credit facilities will replace its existing senior credit facility, upon closing.U.S.-listed shares of High Tide were last seen up 0.4% at US$2.32 in pre-market trading.

$BMO.TO$HITI.V$HMMJ.TO

Equities43d ago

Peabody Energy Restructures Reclamation Bonding Arrangements, Removes Liquidity Covenant

Peabody Energy (BTU) said Monday it terminated its amended 2020 transaction support agreement with surety providers and entered into standard indemnification agreements to support its US mine reclamation obligations.The company said it also established asset-backed surety facilities for its Australian reclamation obligations, replacing cash-backed bank guarantees and cash deposits previously held by regulators.Peabody said the changes are expected to reduce overall reclamation collateral requirements and eliminate a minimum liquidity covenant.

$BTU

US Markets43d ago

US, Iran Reach Deal to End Middle East War, Reopen Strait of Hormuz

The US and Iran have reached an agreement to end their war and reopen the crucial Strait of Hormuz after more than three months of conflict that disrupted regional stability and global shipping routes."The deal with the Islamic Republic of Iran is now complete," President Donald Trump said in a social media post on Sunday. "I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the US Naval blockade."Trump's post came after Pakistani Prime Minister Shehbaz Sharif announced on X that a peace deal had been reached between Washington and Tehran, with both sides agreeing to immediately terminate their military operations on all fronts, including Lebanon. The official signing ceremony will take place on Friday in Switzerland, according to Sharif."With the agreement now in place, mediators will facilitate a series of meetings this week," Sharif said. "These pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony."Pakistan has played a mediating role between the US and Iran.In a separate post later on Sunday, Trump said the Strait of Hormuz will open upon the signing of the peace deal on Friday, "for purposes of mine removal." The strait has been effectively shut since the end of February, when the US and Israel launched joint strikes on Iran.West Texas Intermediate crude oil fell 5.6% to $80.11 a barrel earlier on Monday, while Brent declined 5.2% to $82.77.Iran's Supreme National Security Council said a memorandum of understanding called for an immediate and permanent end of all military operations, including in Lebanon, Tehran's semi-official Mehr News Agency reported Monday. The council also said the MoU will be signed on Friday, according to the report.However, discussions on a final agreement between the two countries will be postponed until after the US has "implemented its commitments" under the MoU, the report added, citing the SNSC secretariat.The framework paves the way for another round of negotiations on Tehran's nuclear program, Bloomberg News reported.Israel's strikes on Lebanon targeting Hezbollah have been a contentious issue in US-Iran peace negotiations. Earlier on Sunday, Trump called on Israel and Hezbollah to halt attacks on each other following Israeli strikes on Beirut, as talks edged closer to a deal.Last week, US government data showed that annual inflation in May accelerated to its highest level in about three years, as the impact of the Iran war weighed on the world's largest economy. Energy prices rose about 24% year over year in May, while gasoline surged 41%, the fastest rise since July 2022, according to the data.

Mining & Metals43d ago

Jaguar Mining Reporting "Consistent" Drilling Results at BA Zone of Pilar Gold Mine, Brazil; "Demonstrating Down-plunge Continuity"

$JAG.TO

Treasury43d ago

Canada's Households Continue to Be in A Relatively Healthy Position Despite Headwinds, Says BMO

Canada's household debt-to-income ratio rose 0.9 percentage point (ppt) to a seasonally adjusted 179.6% in Q1 as growth in debt outpaced disposable incomes, said Bank of Montreal (BMO) after Friday's data.The ratio has been rising since the end of 2024, although it remains roughly 10 ppts below the all-time high set in 2022, noted the bank. The seasonal adjustment also played a role this quarter as the unadjusted ratio fell 0.4 ppt to 174.9%.The household debt service ratio -- interest and principal as a share of disposable income -- ticked up to 14.75% but remains within its range of the past two years. While this ratio will continue to face some upside pressure over the next year amid mortgage rate resets, it has performed better than expected thanks to a combination of past rate cuts and income growth, stated BMO.That has allowed households to support economic growth amid elevated uncertainty.On the flip side, household net worth rose to 1005.1% of disposable income, driven by strong equity gains, while higher real estate values also contributed, added the bank. The share of owners' equity in real estate ticked up to 72.8%, although it has been on a downward trend amid a prolonged correction in the housing market.General government debt -- including all levels of government -- continued to march higher, given hefty stimulus plans, pointed out BMO. Gross government debt stepped up to 131.9% of gross domestic product, its highest in four years, while net debt rose to 21.2% of GDP.Canadian households continue to be in a relatively healthy position in the face of significant economic shocks, according to the bank.

$CXY

Asia43d ago

Gujarat Inject Kerala Secures INR145 Million Solar Module Order

Gujarat Inject Kerala (BOM:524238) said it has received a purchase order worth about 144.9 million Indian rupees, excluding GST, from Deon Energy, according to a Monday filing.The order is for the supply of 16,129 solar photovoltaic modules with a capacity of 620 WP each, the filing said.The company said it is also in the process of changing its name to Regenova Renewtech Ltd.Shares of the company were down nearly 2% in after-market hours.

BOM:524238

Mining & Metals43d ago

XORTX Therapeutics Providing Corporate Update and Appoints Mika Grasso as Co-CEO

$XRTX.V

Equities43d ago

Market Chatter: Shell Nears Sale of Sprng Energy's India Business to Aditya Birla

Shell's (SHEL) Sprng Energy Indian renewable power business could be acquired by Aditya Birla Group, which has emerged as the frontrunner for the unit, Bloomberg reported Monday, citing people familiar with the matter.An agreement for the unit could be signed in the coming weeks, according to the report. Shell is seeking a valuation of around $1.8 billion for the unit, but terms could change, Bloomberg cited the sources as saying.A Shell representative told Bloomberg the company is in initial discussions with potential partners interested in Sprng Energy and that it is too early to comment on any outcome.Shell did not immediately reply to' request for comment. Aditya Birla declined to comment to Bloomberg and could not immediately be reached by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$SHEL

Research43d ago

JPMorgan Downgrades Credicorp to Neutral From Overweight, $415 Price Target

Credicorp (BAP) has an average rating of overweight and mean price target of $382.91, according to analysts polled by FactSet.(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://finwires.com/en/contact)

$BAP

Mining & Metals43d ago

Accord Announcing Banking Facility Update and Amendments to Subordinated Debt

$ACD.TO

Equities43d ago

Market Chatter: Shell Said to Near $2 Billion Deal for Sale of Indian Renewables Unit to Aditya Birla

Shell (SHEL.L, SHELL.AS) could reach a final agreement for the sale of its Sprng Energy unit to Aditya Birla Group in the coming weeks, Bloomberg News reported Monday, citing people familiar with the matter.The British oil and gas giant is asking $1.8 billion for the Indian renewable energy company, according to the sources, who added that talks are ongoing and terms may still change.Shell, Aditya Birla, and Sprng Energy did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$SHEL.L$SHELL.AS

Mining & Metals43d ago

TransAlta Says Department Of Energy Mandates Centralia Unit 2 Remain Available For Operation For Additional 90 Days

$TA.TO

Mining & Metals43d ago

Keyera Provides Business Update, 2026 Outlook Following Plains Asset Acquisition

Keyera (KEY.TO) provided a business update and multi-year growth outlook following the completion of its acquisition of Plains' Canadian natural gas liquids assets, the company said in a Monday news release.Keyera expects fee-based adjusted EBITDA per share to increase by about 35% or an approximate 16% compound annual growth rate from 2025 to 2027.The growth targets reflect the contributions from the Plains acquisition, realization of near-term synergies, 2026 fractionation capacity expansions, and continued filling of available capacity across the integrated system.Keyera is also targeting a 7% to 8% fee-based adjusted EBITDA per share CAGR from 2027 to 2029, supported by continued filling of available capacity, completion of major growth projects and further optimization of the combined platform.The outlook is supported by strong basin fundamentals, with oil, natural gas and NGL production across the Western Canadian Sedimentary Basin expected to continue growing as export market access expands and global demand for Canadian energy products increases.Keyera has realized its initial $100 million annual run-rate near-term synergy target, with about $90 million in corporate cost savings already captured since the Plains transaction was announced in June 2025.As a result, Keyera now expects total near-term annual run-rate synergies to range from $120 million to $140 million, expected to be realized within the first 12 months after deal closing.With the addition of Plains Marketing business, Keyera's platform now includes frac-spread exposure, which represents another important source of liquids supply for the company's integrated system.Keyera expects Marketing realized margin to be between $360 to $390 million in 2026.Taking into account the partial-year contribution of Plains assets, 2026 growth capital spending is expected at $550 million to $625 million and maintenance capital at $240 million to $260 million.

$KEY.TO

International43d ago

Persian Gulf Outlook Lifts Wall Street Pre-Bell; Asian, Europe Higher

Wall Street futures pointed sharply higher pre-bell Monday, after oil prices declined on statements from Washington and Tehran that the Strait of Hormuz will re-open soon, as part of a larger peace plan.In the futures, the S&P 500 rose 1.2%, the Nasdaq inclined 2% and the Dow Jones was up 0.9%.West Texas Intermediate crude oil traded down 5.3% at $80.35, in morning hours.The VanEck Semiconductor Exchange-Traded Fund (SMH) traded up 3.6% pre-bell.Investors also look forward to the Federal Reserve's rate decision, slated for Wednesday following a two-day policy session. Markets expect no rate moves by the central bank.The national retail sales report for May is slated for a Wednesday am release.Asian exchanges traded sharply higher overnight, led by a 5% upsurge on Tokyo's Nikkei 225 index, as crude prices fell.European bourses tracked moderately north midday on the continent.On the economic calendar for Monday is the Empire State Manufacturing Index for June at 8:30 am ET, followed by the industrial production release for May at 9:15 am, and then the housing market index for June at 10 am.In pre-market action, bitcoin traded at $65,679, and 10-year US Treasuries offered 4.44%. Spot gold commanded $4,339 an ounce.

Dow JonesNasdaq CompositeS&P 500

Mining & Metals43d ago

Sherritt Providing An Update On Non-binding Term Sheet Entered Into With Gillon Capital, LLC Regarding a Proposed Private Placement

$S.TO

Mining & Metals43d ago

Earnings Flash (WEED.TO) Canopy Growth Net Loss From Continuing Ops in Q4 FY2026 Was 21% Lower Xompared to Q4 FY2025

$WEED.TO

Mining & Metals43d ago

Canopy Growth Reports Consolidated Net Revenue of $71.2M in Q4 FY2026

$WEED.TO

Equities43d ago

Ecopetrol Strikes Collective Bargaining Agreement With Oil Workers Union

Ecopetrol (EC) said Monday it has struck a new six-year collective bargaining agreement with the Colombian Oil Workers Union, effective Jan. 1, 2026.In addition, Ecopetrol said it has entered into 66 final agreements with other participating labor unions.According to EcoPetrol, the agreement provides improvements in working conditions and improved health and education benefits.The Oil Workers Union said that it will send a delegation to different regions of the country to inform members of the agreement's contents.

$EC

Oil & Energy43d ago

Montage Gold Grows Kone Higher Grade Satellite Resources; Shares Jumped 11.8% on Friday

Montage Gold Corp. (MAU.TO), which jumped 11.8% last Friday, reported earlier Monday that it has continued to make higher grade satellite discoveries at its Kone project, in Cote d'Ivoire, where construction "remains on-budget and ahead of schedule" with first gold pour targeted in late Q4 2026.Among highlights, the company said it grew Kone higher grade satellite resources to 1.7Moz at 1.5 g/t Au Indicated and 0.8Moz at 1.3 g/t Au Inferred.CEO Martino De Ciccio in a statement said: "Since the publication of the 2024 Updated Feasibility Study, a total of approximately 330,000 metres has been drilled in addition to the 118,525 metres completed prior, focused on discovering higher-grade satellite deposits with the objective of enhancing the production profile of the operation from the commencement of production. In support of this objective, in October 2024 we published a target of delineating more than 1Moz of M&I Resources at a grade at least 50% higher than that of the Kone deposit, and we are very pleased to have already significantly exceeded this target.De Ciccio added: "We look forward to unlocking additional exploration value across the Kone project and our broader exploration portfolio as we continue on our journey of creating a premier multi-asset African gold producer and unlocking value for all stakeholders."Silvia Bottero, EVP Exploration of Montage, added: "To maximize the efficiency of the exploration programme, we have adopted a systematic approach whereby we initially drill test the highest-priority targets to confirm their potential and define starter resources to validate grade profiles before undertaking larger infill and step-out drilling campaigns. As such, our ongoing exploration programme continues to focus on three parallel workstreams: infill and step-out drilling of previously delineated deposits, advancing targets towards maiden resource status, and testing new targets through regional scout drilling."We look forward to continuing to aggressively advance exploration across the Kone project through the ongoing 90,000-meter drill programme, which we expect will support further resource updates throughout the year. Looking ahead, we are also excited by the ongoing exploration programmes across our broader Cote d'Ivoire portfolio, including at Didievi and Wende."MAU was up $1.68 or 11.8% to $15.92 on Friday.

$MAU.TO

Equities43d ago

TotalEnergies, Masdar Receive EU Approval for Asia-Pacific Renewable Energy Joint Venture

The European Commission said Monday it has approved a joint venture between TotalEnergies (TTE) and Masdar focused on renewable energy projects in the Asia-Pacific region.The Commission said the transaction does not raise competition concerns because its impact on the European Economic Area is expected to be limited.

$TTE

Showing 21661-21680 of 62445

US Markets43d ago