TORONTO: Fourteen CEOs from Canada’s largest pipeline and oil and natural gas companies have issued an open letter to federal political leaders, calling for urgent regulatory reforms to bolster the nation’s economic sovereignty through its energy sector. The letter, signed by leaders from the four largest pipeline companies and 10 major oil and gas firms,…
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Cornish Metals sells Nickel King property for C$8 million
Cornish Metals Inc. (AIM: CUSN) has entered into a binding letter of intent with Northera Resources Ltd. for the sale of company’s 100% interest in the Nickel King and Opescal Lake properties
ANON appoints Denis Franks as President, Chief Executive Officer
VANCOUVER: Anonymous Intelligence Company Inc. (CSE: ANON), a leading decentralized network, data storage technology and AI tools developer company, announced the appointment of Denis Franks as President, Chief Executive Officer and a director of the Company effective immediately. ANON aims to become a global leader as a GPT powered enterprise app aggregator, utilizing revolutionary tools…
Energy Plug sings first battery deal with Ximen Mining for Kenville Gold Mine
VANCOUVER: Energy Plug Technologies Corp. (CSE: PLUG), an energy technology company dedicated to innovation and sustainability, inked its first battery contract with Ximen Mining Corp. (TSXV: XIM) to install a 20kWh Battery Energy Storage System (BESS) at Ximen’s Kenville Gold Mine in Nelson, BC. Earlier this year, Energy Plug announced an agreement for a two-phase…
Energy Safety Canada appoints Vineeta Maguire as new CEO
CALGARY, Alberta: Energy Safety Canada, the premier safety association for the nation’s energy sector, has announced Vineeta Maguire as its incoming President and Chief Executive Officer, effective June 11, 2024. Maguire is set to take over from Murray Elliott, who will be retiring after a commendable seven-year tenure. With a rich career spanning over three…
Taseko Mines Limited secures 100% interest in the Gibraltar Mine
VANCOUVER: Taseko Mines Limited (TSX: TKO) has entered into a definitive agreement, effective March 25, 2024, to acquire the remaining 12.5% interest in the Gibraltar Mine from Dowa Metals & Mining Co. and Furukawa Co..Under the terms of the Agreement, Taseko will acquire Dowa and Furukawa’s shares in Cariboo Copper Corp and will then own…
Amaroq Minerals to raise £30 million for Southern Greenland projects
Amaroq Minerals Ltd., a mining company with gold and energy transition mineral assets in Southern Greenland, announced its plan to raise £30 million (C$51 million or ISK5.2 billion) by issuing new common shares at 74 pence (C$1.25 or ISK127) each. The company said it has already received strong interest from investors for the fundraising, which…
RBC announces targeted close date for proposed acquisition of HSBC Bank Canada
TORONTO: Royal Bank of Canada announced that the targeted close date for the proposed acquisition of HSBC Bank Canada will be Thursday, March 28, 2024, subject to the satisfaction of customary closing conditions. Conversion activities will begin once the transaction closes and will continue until April 1, 2024. HSBC Bank Canada’s branches and offices will…
National Bank reports 5% drop in net income for Q2 2023
MONTREAL: National Bank of Canada, one of the country’s largest banks, has reported a 5% decrease in net income for the second quarter of 2023, compared to the same period last year. The bank’s net income for the quarter stood at $847 million, or $2.38 per diluted share, down from $889 million, or $2.53 per…
Taseko Mines announces $50M at-the-market equity offering program
VANCOUVER: Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) has announced an at-the-market equity offering program (ATM) with National Bank Financial, Canaccord Genuity and Stifel GMP and their respective United States affiliates. Under the equity distribution agreement, the ATM will allow Taseko to offer and sell common shares through the facilities of the…
Taseko Mines signs agreement to acquire 12.5% interest in Gibraltar Copper Mine
VANCOUVER: Taseko Mines Limited (TSX: TKO) has entered into a definitive agreement to acquire an additional 12.5% interest in the Gibraltar Mine from Sojitz Corporation. Gibraltar is operated through a joint venture which is owned 75% by Taseko and 25% by Cariboo Copper Corporation. Under the terms of the agreement, Taseko will acquire Sojitz’s 50%…
Cyclone Metals Limited acquires Labrador Iron Pty Ltd for $5.4mn
SYDNEY, AUSTRALIA: Cyclone Metals Limited (ASX: CLE) announced the acquisition of Labrador Iron Pty Ltd, 100% owner of the Block 103 Magnetite Iron Ore Project (Block 103, or the Project), located 30km northwest of Schefferville, Quebec, Canada. Cyclone Executive Director, Tony Sage, commented: “We are very pleased to announce the acquisition of such a high-potential…