Latest Canada News

Somerset Minerals has kicked off a fully funded maiden drilling campaign at its flagship Coppermine copper project in Nunavut, targeting multiple high-grade copper anomalies. Initial results are expected within weeks as the company plans a larger follow-up exploration phase.

Coolabah Metals Limited has closed its upsized $20 million public offer ahead of schedule due to strong investor demand, progressing its strategic acquisition of Broken Hill Mines Pty Ltd. The move consolidates key mining assets at Broken Hill and sets the stage for a significant corporate transformation.

DroneShield Limited has landed a significant $11.7 million follow-on research contract from a Five Eyes Department of Defence customer, marking its fourth award from this strategic alliance.

Equinox Resources Limited has launched a prospectus offering up to 21.8 million quoted options, including free-attaching options to placement participants and options to the lead manager as part of a strategic capital move. The offer aims to support key project developments across Brazil, Canada, and Australia, while navigating a complex risk landscape.

MIXI Australia has secured crucial gaming approvals from Ontario regulators, removing a major obstacle in its proposed takeover of PointsBet Holdings. The bid now awaits shareholder acceptance to proceed.

Gold Mountain Limited reports promising high-grade rare earth element anomalies and new gold targets at its Varzedo Prospect in Brazil, advancing its Down Under Rare Earths Project.

Lithium Universe Limited reveals progress on its Bécancour lithium refinery and secures innovative photovoltaic recycling technology, positioning itself at the forefront of sustainable lithium supply.

KALiNA Power has secured a significant 180 MW allocation under Alberta's stringent power limit process and is actively monetizing assets to fund its AI data centre power projects.

Highfield Resources reports steady progress on a proposed $300 million equity placement with Qinghai Salt Lake, aiming to accelerate its flagship Muga and Southey potash projects. While due diligence advances, no binding deal is yet secured.

Infini Resources’ Phase 1 drilling at Portland Creek confirms promising uranium pathfinders and hydrothermal alteration, setting the stage for a targeted Phase 2 program in Q3 2025.

Megado Minerals has completed a A$780,000 placement to institutional investors, issuing 39 million shares and attaching options to fund its Iberian Copper Project and working capital needs.

Bryah Resources’ subsidiary has acquired a 0.75% net smelter return royalty over key tenements in the Bryah Basin manganese project, streamlining the asset and enhancing future strategic options as the project advances towards production.