Latest Canada News

Somerset Minerals has completed its acquisition of the high-grade Coppermine copper project in Nunavut, Canada, and is set to begin a maiden exploration campaign backed by a $2.39 million capital raise.

PointsBet Holdings has received a confidential acquisition proposal from Betr Entertainment, prompting a careful evaluation by its Board while reaffirming support for the existing MIXI Scheme.

Red Mountain Mining has raised $400,000 through convertible notes to fund drilling at its Kiabye Gold Project in Western Australia and further exploration at the Armidale Antimony-Gold Project in New South Wales.

Equinox Resources has successfully raised A$3 million through a strategic placement to fund key milestones across its titanium, antimony, and iron ore assets. The capital injection aims to drive resource estimation, drilling, and legal progress in multiple jurisdictions.

Southern Cross Gold Consolidated Ltd has successfully arranged an upsized C$143 million funding round to fast-track its Sunday Creek Gold-Antimony Project in Victoria, Australia. This capital injection positions the company to advance drilling, underground development, and economic assessments over the coming years.

Southern Cross Gold Consolidated Ltd has successfully arranged a C$143 million private placement, positioning the company to accelerate development of its Sunday Creek Gold-Antimony Project in Victoria, Australia.

Australian Strategic Materials (ASM) outlines progress on its Korean Metals Plant ramp-up, strategic plans for a US metals facility, and conditional funding support for the Dubbo Project, reinforcing its mine-to-metals supply chain ambitions.

Burgundy Diamond Mines reported a challenging Q1-2025 with lower ore mined and revenue, yet continues to progress development at Point Lake and Misery mines while strengthening its financial position.

RareX Limited has advanced its critical minerals portfolio with new tenements at Mt Mansbridge, high-grade gallium and scandium findings at Cummins Range, and a strategic consortium bid with Iluka Resources for Kenya’s Mrima Hill project.

EMU NL’s latest quarterly report reveals promising copper exploration parallels with Canada’s largest open-pit mine, a renewed gold project strategy, and significant corporate restructuring amid shareholder disputes.

Noronex Limited reports promising copper and silver assay results from initial drilling at its Fiesta Copper Project in Namibia, while advancing diamond drilling and expanding exploration licences in Botswana. The company also strengthens its financial position through early option exercises and South32 earn-in funding.

Recce Pharmaceuticals reports strong Phase II clinical trial results for its topical anti-infective R327G, achieving a 93% efficacy rate in treating ABSSSI, alongside a significant capital raise to fund upcoming Phase III trials.