Latest News
Base Resources receives takeover bid from Energy Fuels to create global critical minerals group
US-based critical minerals producer Energy Fuels (TSX: EFR) has made a takeover bid for Australian company Base Resources (ASX: BSE) to create a billion-dollar global business with a focus on rare earth elements, uranium and mineral sands production. Under the terms of the proposal, Base shareholders will receive 0.026 Energy Fuels shares for each Base […]
Canada increases capital gains tax for wealthy individuals and companies
Canada’s government has announced it will raise capital gains taxes on companies and wealthy individuals to help pay for billions in new spending aimed at making housing more affordable and improving the lives of young people. The nation’s latest budget was tabled this week with a host of spending promises to increase housing supply and […]
Perimeter Medical Imaging AI confirms positive outcomes from study of artificial intelligence technology on breast cancer surgeries
A peer-reviewed study on an artificial intelligence technology developed by Perimeter Medical Imaging AI (TSX-V: PINK) has identified positive outcomes for breast cancer surgery. When integrated with wide field optical coherence tomography (WF-OCT), Perimeter’s ImgAssist software has been shown to enhance productivity and decision making in surgery margin assessments. The deep learning model showed high […]
Mitsubishi and Frontier Lithium announce $25m partnership for PAK project in Ontario
Japan’s leading trading company Mitsubishi Corporation has agreed to invest $25 million in Frontier Lithium (TSXV: FL) and its PAK lithium project mine and planned conversion facility in Ontario, Canada. The two companies have signed a definitive agreement to establish a joint venture (JV) partnership, under which Mitsubishi has agreed to acquire an initial 7.5% […]
PDAC calls for Canadian government to provide further mining support
Leading Canadian mining industry body Prospectors & Developers Association of Canada (PDAC) has written to the nation’s government with a number of suggestions which it believes can help improve the local industry’s global standing. While PDAC, which represents some 7000 members and host to the world’s largest mining event, was encouraged by the moves the […]
Canadian silver producers seek recognition of critical mineral status as deficits continue
A group of 19 Canadian silver miners is asking the federal government in Ottawa to recognise silver as a critical mineral as the country’s producers boost production to C$300 million per year. Acknowledging that the second half of the 20th century saw silver production in Canada decline due to economic factors and falling grades, the […]
Blockmate Ventures and Hivello forge ahead in decentralised networks with latest capital raising
International innovative investment firm Blockmate Ventures (TSX-V: MATE) is celebrating a successful capital raising by its investee firm Hivello Holdings. Hivello, a leading developer of decentralised physical infrastructure networks (DePIN), has attracted an additional US$1.5 million in funding after receiving strong interest from investors following the announcement of a US$1m raising in December 2023. Blockmate […]
Goldman Sachs lifts oil price forecast to US$90 a barrel
Supply disruptions and increasing demand for oil has seen US investment bank Goldman Sachs raise its forecast year end price for the commodity to US$90 per barrel. The Wall Street bank ramped up its already-optimistic forecast on the weekend, adding another US$10 onto its previous US$80/bbl forecast for Brent Crude (the international standard). Last week, […]
Biocure Technology to acquire Atriva Therapeutics in reverse takeover
Canadian biopharmaceutical firm Biocure Technology Inc (CSE: CURE) has secured a deal to acquire German company Atriva Therapeutics GmbH by way of a reverse takeover. Shareholders of Atriva will receive no less than 75% of the securities of the resulting issuer, with the current shareholders of Biocure Technology holding the remainder. Under the terms of the […]
Cameco lowers uranium production expectations for major Canadian operations
Leading global uranium fuel provider Cameco (TSX: CCO) has confirmed it is facing a number of issues at its Cigar Lake mine and Key Lake mill operations in Canada. The company reported that technical issues have led to lower than expected production forecasts at the Cigar Lake mine. Cameco says it now estimates it will […]
Pure to Pure Beauty to buy majority interest in SunSeal International
Canadian health and wellness company Pure to Pure Beauty Inc (CSE: PPB, FRA: 3QG0, WKN: A3CTLX) has signed a definitive share purchase agreement to acquire a majority interest in UK-based SunSeal International from owner Corium Health. Under the terms of the deal, Pure to Pure will acquire 51% of SunSeal in consideration for 5 million common […]
New Found intersects bonanza grade gold in Newfoundland, assays as high as 756.96g/t
Vancouver-based New Found Gold (TSX-V: NFG) continues to improve its Newfoundland story with the first diamond drill hole at its Iceberg discovery producing a bonanza grade hit just 35 from surface. While the overall assay of 27.05m at 105 grams per tonnes gold is impressive in itself, so too are the higher-grade intervals. And while […]
Novo Resources identifies hot Pilbara gold opportunity
Vancouver-based Novo Resources (TSX: NVO) continues to grow its rich Becher Project, located in one of Australia’s hottest new exploration plays, recording gold hits in 349 holes to date in a new campaign in Western Australia’s north. The company has obtained further promising exploration results from its 2023 aircore drilling program at Becher, located in […]