Latest Canada News

Somerset Minerals reports extensive visible copper mineralisation in two new drill holes at its Coppermine Project, extending known zones below previous intercepts and hinting at a larger system at depth. Assay results are expected soon, with geophysical surveys underway to guide further exploration.

Rapid Critical Metals has successfully raised A$14 million through a two-tranche placement, backed by top-tier institutional investors, to fund its acquisition of the Webbs Consol Project and accelerate silver exploration in NSW and Canada.

Althea Group Holdings has secured $2.55 million through a share placement to fuel expansion of its Canadian THC beverage manufacturing arm, Peak Processing, as it targets growth in both Canadian and US markets.

Whitebark Energy has finalized the sale of its remaining 10% interest in the Wizard Lake assets to Conflux Energy, marking a strategic shift to focus on Australian projects.

Paladin Energy has completed a fully underwritten A$300 million equity raising, positioning the company to advance its Patterson Lake South uranium project and ramp up operations at the Langer Heinrich Mine.

Cygnus Metals reports a substantial 78% increase in Measured and Indicated resources at its Chibougamau Copper-Gold Project, highlighted by the initial resource estimate for the new Golden Eye deposit. This milestone underpins an updated economic study amid rising commodity prices.

Paladin Energy Ltd has launched a significant A$300 million underwritten equity raising to advance its Patterson Lake South uranium project and support the ramp-up of its Langer Heinrich Mine, reinforcing its position in the global uranium market.

Global Uranium and Enrichment Limited reports promising uranium intercepts from ongoing drilling at its Pine Ridge Project, reinforcing its development potential in the Powder River Basin.

Orthocell’s nerve repair device Remplir is being adopted in Australia for nerve-sparing prostate cancer surgeries, aiming to reduce erectile dysfunction and urinary incontinence post-operation. This development could significantly expand Remplir’s market reach globally.

Sayona Mining’s recent scoping study for its North American Lithium operation reveals a significant expansion, boosting production capacity and reducing costs while delivering robust financial returns.

Riversgold Limited has partnered with Canadian AIS Resources to advance its Saint John Project, enabling AIS to earn up to 75% by funding exploration and drilling over four years while Riversgold retains a 25% free-carried interest.

Critical Resources Limited has raised $1.8 million through a strategic placement to fund maiden drilling programs at its gold-antimony projects in New South Wales and New Zealand, signaling a pivotal step in its exploration journey.