Latest Ontario News

FireFly Metals has turned a year of aggressive drilling into a substantially larger, higher-confidence Green Bay resource, backed by an August PEA and fresh funding. The next test is execution: feasibility, permits, construction decisions and the capital required to build a mine.

Aruma Resources has extended shallow, broad copper-silver mineralisation at its Tillex Project in Ontario, with drilling pushing the high-grade footprint 100 metres southwest and 30 metres east. Further assays are pending from a program that is only about one-third complete.

Dataworks has secured firm commitments for a A$3.0 million placement and will seek up to a further A$1.24 million from shareholders to fund debt repayment, government contract mobilisation and commercial expansion. The raise gives the company more capital to pursue growth, but at a discount that will increase the share count and potentially add substantial option dilution.

Green Technology Metals has completed the environmental assessment for its Seymour Lithium Project in Ontario, removing a major step from the mine’s permitting pathway. The milestone does not yet amount to final development approval, with a mine closure plan and several permits still required.

Critical Resources Limited has secured $1.6 million through a share placement to fund exploration across multiple jurisdictions and advance early-stage battery and thermal management technologies.

Strata Investment Holdings delivered a £16.48 million comprehensive profit for H1 2026, driven by a strong revaluation of its investment portfolio and maiden royalty income from Botswana copper assets.

Critical Resources has bolstered its Mavis Lake lithium project by staking new claims at the Red Hat gold target in Ontario, spotlighting a historical high-grade gold intercept that sharpens exploration focus.

Scalare Partners offers 87 bonus options per 100 shares to eligible shareholders alongside piggyback options, aiming to mitigate dilution from upcoming convertible note conversions. Directors plan to exercise their options, with potential capital raised earmarked for working capital.

Temas Resources posted a CAD 2.63 million loss for H1 2026, driven by ramped-up exploration and RCL technology development, while securing $1.5 million in fresh funding and signing initial RCL licensing contracts.

Aruma Resources has significantly expanded its Tillex Copper-Silver Project in Ontario by acquiring 94 new claims, extending the copper trend to 2.4 kilometres and raising $3.5 million to accelerate exploration.

Lac Gold Limited's latest drilling at the Rouyn Gold Project reveals extensive high-grade gold mineralisation, while the acquisition of the historic Golden Patricia Mine adds a significant growth platform. The company ends the quarter with $13.3 million in cash and a clear focus on resource expansion.

Peak Processing (ASX: PKP) has recorded its first positive Group EBITDA quarter, driven by record beverage production and a significant US manufacturing agreement, marking a pivotal turnaround in FY26.