Latest Canada News

St Barbara Limited forecasts a sharp rise in gold production to 191 koz by FY30, driven by the New Simberi expansion, Touquoy Restart, and 15-Mile Processing Hub. The company is well-capitalised with over A$500 million in cash and committed capital expenditure plans.

Immuron Limited’s unaudited Q3 FY26 sales rose 16% to AUD 1.5 million, driven by Travelan’s expanding footprint in Australia, Canada, and the US despite a stronger Australian dollar.

Narryer Metals has raised just over $1 million through a strategic share placement priced at a 30% premium, bringing aboard Perth mining investor Tim Goyder as a substantial shareholder. The capital will bolster working capital and project development across its Australian and Canadian critical minerals assets.

Resolution Minerals has appointed seasoned mining executive Brett Lynch as a non-executive director to bolster its U.S. growth strategy ahead of a NASDAQ listing. Lynch’s proven North American critical minerals expertise aligns with the company’s ambitions at its Horse Heaven project in Idaho.

American Uranium (ASX:AMU) has kicked off a $2.58 million pro rata rights issue at a 3.1% discount to fund expansion drilling and technical studies at its flagship Lo Herma ISR Uranium Project ahead of a Q3 scoping study.

Alcoa Corporation reported a sharp rise in first quarter 2026 net income to $425 million, driven by higher aluminium prices and a completed smelter restart, even as alumina production and shipments declined due to seasonal and external disruptions.

Connexion Mobility reported a record $3 million quarterly revenue, boosted by exclusive software deployment for GM Canada’s Enhanced Exposure Program, while net profit before tax fell 31% due to higher expenses.

Midas Minerals has raised $28 million through a heavily supported placement to fund expanded drilling and feasibility studies at its Otavi project in Namibia. The capital boost lifts the company’s cash reserves to approximately $33 million, underpinning an aggressive exploration push.

Lightning Minerals pivots to a gold-led Australian strategy, elevating its Mt Turner Project as the core value driver while shedding non-core lithium assets. The company aims to capitalise on strong initial drilling success and disciplined capital allocation amid evolving commodity cycles.

Cygnus Metals has reported standout high-grade assay results from its Golden Eye deposit in Quebec, with gold equivalent grades reaching 105.5g/t over 1 metre. These results reinforce the continuity of mineralisation and point to potential expansion of the Indicated Resource at the Chibougamau Copper-Gold Project.

Noronex completed maiden drilling programs at key uranium and copper projects while bolstering its cash position through strategic asset sales. The company also formalised a 51% stake in its Etango North uranium project and navigates a CEO transition.

Temas Resources is tapping the Canadian market with a $1.5 million flow-through share placement aimed at advancing its titanium projects in Quebec. The raise supports exploration expenses tied to its proprietary processing technology and resource development.