Latest Canada News

Green Technology Metals (ASX – GT1) announces a significant maiden Rubidium Mineral Resource at its Seymour Project in Ontario, positioning the company at the forefront of critical minerals supply with a valuable by-product alongside lithium.

FireFly Metals has identified 325 promising geophysical targets at its Green Bay copper-gold project in Newfoundland, using advanced airborne surveys, and is accelerating drilling with strong financial backing.

Somerset Minerals has reported visible copper mineralisation in multiple drill holes across its expansive Coppermine Project in Nunavut, Canada, confirming the district-scale potential of this underexplored copper belt. The company is preparing for a larger Phase-2 exploration campaign as assay results are awaited.

OFX Group reports a robust start to FY26 with net operating income up 11.3% quarter-on-quarter, driven by its New Client Platform rollout and Enterprise segment growth, while announcing a new share buy-back program.

Infini Resources has identified extensive shallow bedrock conductors over 10 km long at its Reynolds Lake Uranium Project, signalling promising near-surface uranium mineralisation in a historically underexplored region of the Athabasca Basin.

St Barbara Limited updates on its Nova Scotia operations with progress on the 15-Mile Processing Hub prefeasibility study, reclamation milestones at Touquoy, and a pioneering pumped hydro energy storage project, while weighing strategic options for its Atlantic Gold assets.

FMR Resources has secured a conditional joint venture for a major copper-gold project in Chile, appointed a new managing director, and raised $2.2 million, while progressing exploration in Canada’s rare earth elements sector.

Cyclone Metals reports strong progress on its Iron Bear Project, highlighting a completed renewable energy power study and successful metallurgical test results that underpin its sustainable mining ambitions.

Canadian Phosphate Limited advances its Canadian operations with new bulk sampling permits and a promising exploration target, while steady sales and customer upgrades signal growth ahead.

Highfield Resources has entered a significant non-binding agreement with China’s Qinghai Salt Lake Industry for a US$300 million equity injection, aiming to fast-track its Muga potash mine development and expand its global footprint.

Cygnus Metals reports standout drilling results at its Chibougamau project, highlighting the new Golden Eye prospect and Corner Bay deposit, supported by a strong A$18.3 million capital raise to accelerate development.

Encounter Resources has appointed key experts to accelerate development of its Aileron niobium-rare earth project, advancing metallurgical testing and market engagement.