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Market commentary, company and sector analysis, technical work, interviews and clearly labelled opinion from The Maple Markets.

Featured analysisMining & Energy

Ivanhoe Mines Reports Tuesday on a 76,401-Tonne Copper Quarter

Ivanhoe Mines publishes its third-quarter 2026 financial results after the market closes on November 3 and holds its call on November 4. The production is already public: 76,401 tonnes of copper from Kamoa-Kakula, a record 77,147 tonnes of zinc from Kipushi, and guidance held. The results add the earnings, costs and balance sheet behind those tonnes, with the shares at C$9.00 at the November 2 close.

Élise Galarneau

Mining & Energy

Myriad Uranium Closes Its 55,000-Hectare Los Altares Purchase in Argentina

Myriad Uranium closed its purchase of the Los Altares project in central Chubut, Argentina, on November 2, 2026, taking 100 per cent of about 55,000 hectares beside Argentina's best-known uranium district for C$300,000 in cash, 1,571,268 shares and a 2 per cent royalty. The company plans to compile the roughly 12,500 metres of historical drilling and test the sandstone for in-situ recovery; no resource has been estimated on the property.

Daniel Okoye6 min read

Mining & Energy

Uranium One Starts First Paraguay Uranium Program After Permit

Uranium One Mining Corp. (CSE: UUU) has its Prospection Permit from Paraguay's mining ministry and said on November 2, 2026 that its inaugural exploration program is underway on the roughly 90,000-hectare Yuty Prometeo uranium project. Its Prometeo block is contiguous with Uranium Energy Corp.'s Yuty project, a defined resource UEC says preliminary studies indicate is amenable to in-situ recovery. Historical Anschutz records on Prometeo include 0.05 to 0.10 per cent U3O8 over 107 metres, and San Jose adds a second, larger target area.

Élise Galarneau8 min read

Mining & Energy
Sponsored

Copper One Intersects Visually Identified Native Copper in First Phase 2 Hole at Majuba Hill

Copper One Resources has completed the first hole of its Phase 2 program at Majuba Hill, Nevada, a week after announcing that drilling had begun. Hole MHB-39 ran 210 feet deeper than planned to follow persistent silicification and intersected visually identified copper oxides at 820 feet and native copper at 1,090 feet, inside the company's oxide and enriched range. The past-producing mine has about 95,000 feet of drilling, working capital stood at C$19.1 million on October 14 by the company's figure, and assays will set the grades.

Daryl Frètu Von9 min read

Mining & Energy

Capstone Copper Sets a Record US$358 Million Quarter as Mantoverde Expands

Capstone Copper reported third-quarter 2026 adjusted EBITDA of US$358.3 million, its eighth record quarter in a row, on a realized copper price of US$6.61 a pound. Production fell to 45,218 tonnes as a crusher rebuild slowed Pinto Valley, and the company moved its 2026 guidance to the low end for output and the high end for cost while the Mantoverde expansion reached a record daily rate in October.

Priya Sandhu8 min read

Mining & Energy

Kinross Gold's Third Quarter: 425,000 Ounces After a Lower 2026 Forecast

Kinross Gold produced 424,693 attributable gold equivalent ounces in the third quarter of 2026, in line with the figure it gave on September 23 when it lowered its 2026 forecast to 1.84 to 1.86 million ounces. Net earnings were US$583.2 million and net cash US$1.9 billion at September 30. Great Bear's declines passed 500 metres and Round Mountain Phase X stays on track for 2028. Two contractor employees died after separate September incidents at Bald Mountain.

Daniel Okoye7 min read

Mining & Energy

C$1.44 Million Raised as First Lithium Closes Its Second LIFE Tranche

First Lithium Minerals closed the second tranche of its LIFE offering and a concurrent private placement on October 29, 2026, for gross proceeds of C$1,442,144. The company says the money goes to exploration drilling and brine sampling at its Ascotan lithium project in Chile, flow-through exploration at its Lidstone gold project in Ontario, and working capital. The closing issued 12,320,469 shares, about 9.9 per cent of the enlarged company.

Priya Sandhu7 min read

More analysis

Macro

Canada Now Lets Its Smaller Listed Companies Report Twice a Year

Kinross, Alamos, Eldorado and Cameco filed their third-quarter numbers between October 28 and 30. Venture issuers on the TSXV and the CSE have until November 29, and under a Canadian Securities Administrators order in force since March 19, 2026, an eligible one can report every six months instead of every three. Here is how the calendar works, what the order changes and what it leaves in place.

By Priya Sandhu9 min read

Macro

A Quarter-Point Rate Rise Meets Canada's Last Big Mortgage Renewals

The Bank of Canada raised its policy rate to 2.5% on October 28, its first increase since 2023. For mortgage holders the change arrives through two different doors: prime-linked variable loans adjust at once, and fixed-rate renewals follow the five-year bond yield. The Bank estimates the last large group of pandemic-era renewals, about 12% of all mortgages, faces payments about 15% higher, and that nearly all of it will have renewed by the second half of 2027.

By Marc Belzile6 min read

Macro

How Canada's Uranium Gets Priced Years Before It Is Mined

Canada produces about a quarter of the world's uranium and exports nine-tenths of it, almost all under long-term contracts. Cameco's third quarter of 2026 shows how those contracts work: a realized price well below the spot quote, a narrowed forecast after a longer Key Lake shutdown, and a contract book that ties future prices to the market inside floors and ceilings.

By Daniel Okoye7 min read

Macro

Canada's Economy Was Flat in August, and the Loonie Ended October Firmer

Real gross domestic product was essentially unchanged in August 2026, Statistics Canada said on October 30, 2026, the second flat month in a row, and was 1.5 per cent higher than in August 2025. An advance estimate shows a 0.1 per cent decline in September, which the agency said leaves third-quarter growth at 0.3 per cent. The Canadian dollar was worth US$0.7163 on October 30 by the Bank of Canada's daily average, up from its 2026 low of US$0.7007 on October 9, and the 2-year and 10-year Government of Canada benchmark yields were 3.36 and 3.84 per cent on October 29.

By Marc Belzile8 min read

Macro

Bank of Canada Raises Its Rate to 2½%, the First Increase Since 2023

The Bank of Canada raised its policy interest rate by 25 basis points to 2.5 per cent on October 28, 2026, its first increase since July 2023, to reduce the risk that high energy prices spread to other prices. Its October Monetary Policy Report projects CPI inflation of about 3½ per cent by the end of 2026, an average of about 3 per cent in 2027 and 2 per cent by mid-2028, with GDP growth of 1 per cent in 2026 and 2 per cent in 2027. The next decision is due December 9, 2026.

By Hannah Kuan8 min read

Mining & Energy

Cameco Narrows Its 2026 Uranium Forecast After a Longer Key Lake Shutdown

Cameco reported third-quarter 2026 results on October 30. A longer planned maintenance stop at the Key Lake mill cut quarterly uranium output to 3.5 million pounds, the 2026 production range narrowed to 19.5 to 20.5 million pounds, unit cost guidance rose and Westinghouse posted a quarterly loss, smaller than a year earlier. Realized prices rose, the C$0.24 annual dividend was declared and the shares closed at C$107.60, down 7.7 per cent.

By Élise Galarneau7 min readCCO.TO

Mining & Energy

Eldorado Gold Lowers Its 2026 Forecast as Skouries Starts Up in Greece

Eldorado Gold's third-quarter report, released on 28 October 2026, records first concentrate at Skouries in northern Greece, permanent grid power on site and commercial production expected late in the fourth quarter. The company lowered its 2026 gold forecast to 425,000 to 475,000 ounces from 495,000 to 600,000, raised the Skouries capital estimate to about US$1.425 billion and ended September with US$396.8 million of cash, which it says leaves the project fully funded.

By Priya Sandhu7 min readELD.TO

Mining & Energy

How Uranium One Reworked Its Pasfield Lake and Foghorn Share Exchange

Uranium One Mining Corp. (CSE: UUU) has amended the share exchange that brings the Pasfield Lake permit in Saskatchewan and the Foghorn claims in British Columbia into the company. The share count it will issue is unchanged at 27,060,000, the deemed price per share falls from C$0.35 to C$0.20, the C$250,000 cash portion is already paid, and the termination date moves to October 31, 2026. Closing still needs exchange approval and the two property purchases.

By Élise Galarneau8 min readUUU.CN

Mining & Energy

F3 Uranium's Strongest Exploration Hole: 4,400 cps Outside JR and Tetra

F3 Uranium reported on 21 October that hole PLN26-232, drilled about a kilometre east of its Tetra Zone discovery in Saskatchewan's western Athabasca Basin, returned 4,400 counts per second on a handheld spectrometer, its strongest reading in an exploration hole away from its known zones. A second drill rig is following it up. F3 ended its fiscal year on 30 June 2026 with C$22.7 million in cash and term deposits. That leaves the follow-up drilling funded. Assays are pending, and this week's option and RSU grants are routine compensation filings.

By Daniel Okoye7 min readFUU.V

Mining & Energy

Island Gold Sets a Record, and Alamos Gold Makes 119,000 Ounces

Alamos Gold reported 119,000 ounces of gold for the third quarter of 2026 on 28 October, down 16% from a year earlier. Island Gold set a quarterly record while Young-Davidson and Mulatos produced less, and all-in sustaining costs rose to US$1,956 an ounce. The company kept its revised 2026 guidance, moved the Island Gold shaft to mid-2027 and held US$597.4 million of cash at 30 September.

By Élise Galarneau6 min readAGI.TO

Markets

Aritzia's Five-Year Plan Aims to Roughly Double Revenue by Fiscal 2032

Aritzia Inc. (TSX: ATZ) presented a five-year strategic plan on October 27, 2026, targeting net revenue of C$9.5 billion to C$10.5 billion and an adjusted EBITDA margin of 21 per cent by fiscal 2032. The plan calls for 220 boutiques, 12 to 14 new United States boutiques a year, about C$4.1 billion to C$4.5 billion of North American digital revenue, about C$1.5 billion from new products and up to C$500 million from markets outside North America, with about C$2 billion of share repurchases over five years.

By Marc Belzile7 min readATZ.TO

Mining & Energy

Vault Strategic Plans a Technical Report and Drill Permit Applications at War Bond

Vault Strategic Mining closed a C$1.5 million placement on September 29, 2026 and on October 19 released processed maps from a 73.6 line-kilometre drone magnetic survey at War Bond, its historical tungsten property in western Nevada. The company says the data will feed its first NI 43-101 technical report, follow-up surface work and drill permit applications. The survey maps rock magnetism rather than tungsten grade, and no dates for those steps have been published.

By Daniel Okoye6 min readKNOX.V

Mining & Energy

17% Gain for Desert Mountain Energy in Helium's Critical-Material Week

Desert Mountain Energy shares closed up 17.1 per cent at C$0.205 on October 28, two days after the company welcomed a US Department of Energy decision listing helium as a critical material. The company sells natural gas in New Mexico, is testing a helium plant, and held C$1.77 million in cash at June 30, 2026, with a going-concern note in its statements.

By Priya Sandhu7 min readDME.V

Markets

How Onex Arrives at C$176 a Share for Its Investing Capital

Onex Corporation reported investing capital of US$123.99 per fully diluted share, or C$176.02, at June 30, 2026, with its stake in the specialty insurer Convex valued at US$4.2 billion. The Toronto shares closed at C$103.61 on October 28. The company set November 13 for its third-quarter results in a release dated October 20.

By Hannah Kuan6 min readONEX.TO

Mining & Energy

57,000 Metres of Drilling Push IAMGOLD's Nelligan Gold Deposit Deeper in Quebec

IAMGOLD published assays on October 27, 2026 from about 57,000 metres of drilling at Nelligan, Monster Lake and Philibert, three gold deposits within 15 kilometres of each other near Chibougamau. The holes extend Nelligan down plunge, return high-grade core at Monster Lake and fill in Philibert. Updated resource estimates are targeted for the end of 2026, an exploration update for the first half of 2027 and a preliminary economic assessment after that.

By Priya Sandhu8 min readIMG.TO

Mining & Energy

Lundin Gold Drills 124 Grams per Tonne Beside Its Fruta del Norte Mine

Lundin Gold reported new drill results on October 26, 2026 from FDNS, FDN East and Bonza Sur, three deposits beside its Fruta del Norte mine in Ecuador, and started conversion drilling at FDN East. The holes add detail to deposits already partly in the company's reserves, at a mine that produced a record 153,736 ounces in the third quarter. Third-quarter financial results follow on November 4.

By Élise Galarneau7 min readLUG.TO

Mining & Energy

How First Phosphate Plans to Mine Battery Phosphate in Quebec by 2030

First Phosphate presented its October 2026 plan at Kinvestor Day: a 204.7-million-tonne measured and indicated phosphate resource at Bégin-Lamarche in Quebec, definitive offtake agreements, provincial fast-track status, about C$21.5 million in signed federal contributions, a feasibility study due in the first quarter of 2027 and commercial production targeted for 2030. It held C$19.9 million in cash at August 31, 2026.

By Élise Galarneau6 min readPHOS.CN

Mining & Energy

Apex Critical Metals on Nasdaq: US$1.86 Million Raised for Nebraska Rare Earth Drilling

Apex Critical Metals closed a US$1.86 million underwritten offering of American depositary shares and began trading on the Nasdaq Capital Market on October 23, 2026. The prospectus assigns US$1.3 million to drilling at the Rift rare earth project in Nebraska, where the company plans a first mineral resource estimate in 2027. Its shares also trade on the Canadian Securities Exchange, in Frankfurt, in Paris and over the counter in the US.

By Élise Galarneau7 min readAPXC.CN

Mining & Energy

Uranium One Adds a 14-Year Exploration Geologist for Its First Athabasca Season

Uranium One Mining engaged Saskatoon geologist Adrian Huerta Ruiz on October 23, 2026 to help plan its first field season in the Athabasca Basin, where it holds the Nucleon and Quark claims and has agreed to acquire Pasfield Lake. The company held C$2.87 million in cash at June 30, 2026, with about C$1.55 million committed to Canadian exploration.

By Daniel Okoye7 min readUUU.CN

Mining & Energy

99% of QIMC's New Nova Scotia Soil Stations Show Wet Thermogenic Gas

Quebec Innovative Materials reported on October 26, 2026 that 145 of 147 new soil-gas stations in Cumberland County, Nova Scotia carried a wet thermogenic gas signature, up from 86 per cent in the set it reported on October 6. A four-kilometre line stayed anomalous end to end and held seven of the ten highest helium readings. The new lines sit inside the 63.7 line-kilometre seismic survey now being processed in Calgary, and the company held C$14.1 million in cash at June 30, 2026.

By Priya Sandhu7 min readQIMC.CN

Mining & Energy

Panama's President Weighs 17 Recommendations on First Quantum's Cobre Panamá

Panama's interministerial commission recommended on September 30, 2026 that President José Raúl Mulino open formal negotiations with First Quantum Minerals over Cobre Panamá, aimed at a restart that funds an orderly closure at no cost to the state and ends the pending arbitrations. The president had not authorized talks as of October 9. Stockpiled ore is being processed under an April approval, and First Quantum reports third-quarter results on October 28.

By Daniel Okoye9 min readFM.TO

Mining & Energy

Teck Reports Thursday: A Strike at the Mine Behind 30% of Its First-Half Copper

Teck Resources reports its third-quarter 2026 results before the TSX opens on Thursday, October 29. The quarter ended on September 30, the day the Highland Valley Copper collective agreement expired. United Steelworkers Local 7619 began strike action on October 24 and Teck said the British Columbia mine was running at reduced capacity. The release is Teck's first scheduled update since then on its 2026 copper guidance, on Quebrada Blanca in Chile and on the pending merger with Anglo American.

By Marc Belzile8 min readTECK-B.TO

SponsoredMining & Energy

Copper One Begins Drilling Up to 10,000 Feet at Majuba Hill in Nevada

On October 23, 2026, Copper One Resources announced that diamond core drilling had begun on its expanded Phase 2 program of up to 10,000 feet (3,048 metres) at Majuba Hill in Pershing County, Nevada, the copper-silver-gold project it calls its flagship. One portable rig is planned to run around the clock at a past-producing mine with more than 90,000 feet of drilling behind it, in the state the Fraser Institute's 2025 survey ranked first in the world for mining investment. The company plans to report Phase 1 assays once validated and is working toward a maiden NI 43-101 resource.

By Daryl Frètu Von7 min readCEXY.CN

Macro

Aurubis Lifts Its 2027 Copper Premium to a Record US$347, Sources Say

Aurubis will charge European buyers a record US$347 a tonne over the LME price for 2027 copper, up from US$315, three market sources told Reuters on October 14, 2026; the company declined to comment. Its own quarterly report says the fees miners pay smelters have turned negative on the spot market because smelter demand outpaced mine supply, and the International Copper Study Group expects refined output from concentrate to fall in 2026 because concentrate is constrained. Canada's large copper producers sell that concentrate; their second-quarter releases show processing deductions near zero.

By Hannah Kuan9 min read

Mining & Energy

B.C. Conservatives Win a Majority Promising 120-Day Permits for Major Projects

British Columbia elected a Conservative majority on October 24, 2026, by the projections of The Canadian Press and CTV News, with seat counts preliminary overnight. Premier-designate Lorne Doerkson has promised a 120 Day Permitting Act for major projects, red tape cut back to 2017 levels and the repeal of DRIPA. He inherits a record the outgoing government reports as five mines permitted and a mining backlog cut by half, along with a 2025 court ruling on DRIPA and mineral claims.

By Élise Galarneau10 min readTECK-B.TONGT.TOHBM.TO

Macro

How Canada Sells the Copper It Mines

Steelworkers began strike action at Highland Valley Copper near Logan Lake on October 24, and Teck said the mine was running at reduced capacity. The mine produced 127,100 tonnes of copper in 2025, about a quarter of Canada's estimated output. Most Canadian copper leaves the country as concentrate, sold to smelters on terms that Teck says reached record lows this year, while refined Canadian copper goes almost entirely to the United States.

By Daniel Okoye8 min read

Macro

Canada's Three Newest Gold Mines Made 187,000 Ounces in One Quarter

Three gold mines that began processing ore in 2024 and 2025, Côté and Greenstone in Ontario and Valentine in Newfoundland and Labrador, together produced about 187,000 ounces in the third quarter of 2026 on a 100 per cent basis. Valentine ran at its design rate, Côté set a monthly record above it in September, and Greenstone processed about 88 per cent of its nameplate. How a new mine climbs to full speed, what each company said it would reach, and what the three add to Canadian output.

By Daniel Okoye8 min readIMG.TOEQX.TO

Macro

Roughly Half of Surveyed Canadian Firms Plan to Raise Prices

On September 2 the Bank of Canada held its rate at 2.25 per cent and said it would watch whether costlier fuel spreads into other prices. On October 19 it received two answers. Statistics Canada's September index put inflation outside energy at 2.1 per cent and the Bank's preferred core measures below 2 per cent. The Bank's own surveys found roughly half of firms planning to pass costs on and households expecting more inflation for longer. Here is how the two fit together before the October 28 decision.

By Hannah Kuan9 min read

Markets

IBC Advanced Alloys Shares Fall 25% on Heavy Volume

IBC Advanced Alloys published no release, filing or exchange notice on October 23, the day its shares fell to C$0.105 on heavy volume. Its latest results, dated October 15, show revenue of US$19.5 million for the year to June 30, 2026, up 9.8 per cent, with a smaller loss and a convertible financing still running.

By Marc Belzile7 min readIB.V

Mining & Energy

Equinox Gold's Canadian Mines Made 59% of Its Third-Quarter Gold

Equinox Gold produced 237,019 ounces in the third quarter of 2026, its first with Orla's Musselwhite and Camino Rojo mines, and three Canadian mines supplied about 59 per cent of it. The company repaid US$190 million of debt in the quarter, reaffirmed 2026 guidance and reports full results on November 9. Los Filos remains suspended and outside guidance.

By Priya Sandhu8 min readEQX.TO

Mining & Energy

Kamoa-Kakula's Final Quarter: The Mine Needs 78,000 Tonnes to Reach Guidance

Kamoa-Kakula produced 212,146 tonnes of copper in the first nine months of 2026, per Ivanhoe's own quarterly figures, so the fourth quarter needs about 77,854 tonnes to reach the low end of the 290,000 to 310,000 tonne range. The third quarter delivered 76,401 tonnes. Ivanhoe reports third-quarter financials on November 3, with Platreef and Kipushi also in the results.

By Daniel Okoye8 min readIVN.TO

Mining & Energy

22 Metres of Logged Sulphides in Metalsource's Southern Step-Out at Silver Hill

Metalsource Mining reported on October 22, 2026 that hole SH26-45 logged about 22 metres of polymetallic mineralization, including sulphide-rich bands, roughly 80 metres south of the previous southernmost intercept at Silver Hill in North Carolina. The interval is a core length logged by eye, and assays from ALS are pending. A second rig is drilling trend targets north of the old mine, with the company tying that test to late 2026 or early 2027.

By Priya Sandhu7 min readMSM.CN

Mining & Energy

Côté Gold Made 64,400 Ounces for IAMGOLD in the Third Quarter

IAMGOLD's Côté Gold mine produced 64,400 attributable ounces in the third quarter of 2026 and averaged a record 37,100 tonnes a day in September, above its design rate, the company reported on October 21. It now expects Côté's 2026 output at the lower end of guidance, which starts at 270,000 ounces, with an updated mine plan due in the fourth quarter. The shares closed at C$23.01 on October 22, a day gold producers fell across the TSX.

By Élise Galarneau9 min readIMG.TO

Mining & Energy

Hudbay and Mitsubishi Approve a US$2.07 Billion Copper World Mine in Arizona

Hudbay Minerals and Mitsubishi Corporation approved construction of the Copper World mine in Pima County, Arizona, in a release dated October 21, 2026. The definitive feasibility study puts initial growth capital at US$2.07 billion in 2026 dollars, output at 102,000 tonnes of copper a year over the first decade and first production in the second half of 2029. Mitsubishi's equity, a Wheaton stream deposit and project debt come first; Hudbay's own contribution is deferred to 2028. The capital figure is about 59 per cent above the 2023 study, on the desk's arithmetic, for a mine of changed scope.

By Priya Sandhu10 min readHBM.TO

Mining & Energy

Uranium One Enters Next Exploration Phase With C$2.9 Million in Cash and Four Milestones Ahead

Uranium One Mining Corp. (CSE: UUU) reported cash of C$2,868,144 at June 30, 2026 in interim statements filed August 31, and enters the final months of 2026 with four milestones ahead: regulatory acceptance of the Foghorn and Pasfield Lake acquisition, first exploration results from Nucleon in the Athabasca Basin, a November 30 shareholder meeting and the deployment of C$1,535,001 of flow-through exploration funding. The shares closed unchanged at C$0.18 on October 21, 2026.

By Élise Galarneau14 min readUUU.CN

Mining & Energy

US$3.5 Billion After Tax: Aya Gold & Silver Files Its Updated Boumadine Study

Aya Gold & Silver filed the full NI 43-101 technical report for its updated Boumadine preliminary economic assessment on October 20, 2026: an after-tax NPV of US$3.5 billion and a 93 per cent IRR at US$50 silver, a 14-year flotation mine and US$463 million of initial capital, a week after it reported record third-quarter production of 2.03 million silver-equivalent ounces. The study is preliminary and 84 per cent of its resource tonnage is inferred; the feasibility study the company expects next year is the next step, and third-quarter financial results follow on November 12, 2026.

By Daniel Okoye10 min readAYA.TO

Mining & Energy

AbraSilver's 228-Metre Gold Hole Has Its Richest Core Below the Diablillos Pit Design

AbraSilver's October 21, 2026 release reports 228 metres of oxide rock at 1.79 g/t gold in hole DDH-26-061 at Oculto East, a zone the company places about 50 metres below its current pit design and outside the resource dated April 30, 2026. Widths are drilled, true widths are not yet known and the assays are uncut. The shares closed at C$12.70, up 12.49 per cent, and the next resource update is dated for the second quarter of 2027.

By Élise Galarneau10 min readABRA.TO

Mining & Energy

First Phosphate Has C$21.5 Million in Signed Federal Contributions

First Phosphate has signed three non-repayable contribution agreements under two Natural Resources Canada programs worth about C$21.5 million combined, covering the feasibility study, process work, a 161-kV power line study and a mine access road. It ended its fiscal year with C$20.2 million in cash, raised C$17.7 million in July and presents to investors on 22 October. Its presentation targets the feasibility study for the first quarter of 2027.

By Priya Sandhu8 min readPHOS.CN

Mining & Energy

F3 Uranium in Toronto: Ross McElroy Presents the JR Zone as Chief Executive

F3 Uranium said on October 20, 2026 that chief executive Ross McElroy will present at Red Cloud's Fall Mining Showcase in Toronto on October 29. He returns to investors with an 11.8 million pound indicated resource at the JR Zone, a summer program that cut altered rock near the Tetra Zone, and flow-through money raised in April.

By Daniel Okoye7 min readFUU.V

Mining & Energy

26.8 Kilometres of New Seismic Take QIMC's Hydrogen Search Into Ontario

Quebec Innovative Materials has added Line 5, a 26.8-kilometre seismic transect across the Ontario side of the Témiscamingue Graben, placed where its Ontario soil-gas hydrogen readings are highest. The company held C$14.13 million in cash at June 30, 2026, after an April placement, and testing continues at its Nova Scotia hole DDH-26-05.

By Élise Galarneau7 min readQIMC.CN

Mining & Energy

How a US$60 Million Offer Would Divide Lithium Africa's Springbok Project

Lithium Africa Corp. said on October 20 that it has two non-binding offers to fund its Springbok spodumene project in South Africa's Northern Cape: a US$60 million cash investment for 55 per cent of a new holding company, and a prepayment facility tied to three years of offtake. Both need due diligence and definitive agreements. The shares closed at C$2.00, up 37.93 per cent, on 167,764 shares.

By Daniel Okoye7 min readLAF.V

SponsoredMining & Energy

600 Metres Out, Copper One Logs Copper Sulphides at Redonda

Copper One Resources has observed copper sulphides in step-out hole RED-26-04, about 600 metres northeast of Redonda's main mineralized zone in British Columbia. The result gives the company another area to investigate; the observation is visual and laboratory assays are pending. Alongside the drilling, Copper One closed a C$7.96 million special warrant financing in September, added the Sport project in Utah and signed an agreement for the Sword & Gossan properties in Labrador.

By Daryl Frètu Von8 min readCEXY.CN

Mining & Energy

Vault Strategic Completes a 73.6 Line-Kilometre Magnetic Survey at War Bond

Vault Strategic Mining has completed a 73.6 line-kilometre drone magnetic survey at War Bond in Nevada and received the processed maps. The results build on its surface sampling and will help refine drill targets, support permit applications and inform the project's maiden NI 43-101 technical report. A C$1.5 million placement closed in September provides fresh funding for exploration and general corporate purposes; drilling remains subject to technical evaluation, permits, funding and access.

By Daniel Okoye8 min readKNOX.V

Mining & Energy

US Restart Loans Total About US$4.4 Billion, and Cameco Shares Slip Toward Their Low

The US Department of Energy has committed up to US$4.4 billion across three federal loan commitments to restart the Palisades, Crane and Duane Arnold reactors. Cameco, the Saskatoon uranium producer, has published nothing that ties it to those plants. Its July results show contracts averaging more than 28 million pounds a year for five years, C$1.1 billion in cash, and unchanged production guidance, while its shares closed at C$113.88 on October 19.

By Élise Galarneau7 min readCCO.TO

Mining & Energy

TAG Oil Falls 53% as Its Egyptian Well Waits for an Acid Treatment

TAG Oil's T-200 well in Egypt's Western Desert reached 4,160 metres and logged 14 metres of oil-bearing limestone, but no formation oil reached surface over the final 48 hours of a nitrogen clean-up. The company has shut the well in, plans an acid treatment and a re-test, and will update with its third-quarter results on 25 November 2026. The shares roughly halved on about 58 times their usual volume.

By Daniel Okoye6 min read[TAO.V]

Mining & Energy

Oceanic Iron Ore Resumes Hopes Advance Permitting With C$49 Million in Cash

Oceanic Iron Ore (TSXV: FEO) restarted the environmental and social impact assessment of Hopes Advance in Nunavik on July 20, 2026, with cash of C$49,336,808 against liabilities of C$1,967,544 at June 30, 2026 after the February financing converted every debenture. The deposit holds about 1.39 billion tonnes measured and indicated at 32.1 per cent iron, and bench-scale tests have made a 68 per cent iron direct-reduction concentrate. The economics come from the December 2019 study; the MD&A says the February proceeds will fund the updated preliminary feasibility study that succeeds it.

By Élise Galarneau10 min readFEO.V

Markets

Vancouver's Aritzia Reached Its 2027 Revenue Goal a Year Early

Aritzia, founded in Vancouver in 1984, reached the fiscal 2027 revenue goal of its October 2022 plan a year early, with C$3.70 billion of net revenue in fiscal 2026, and now expects C$4.78 billion to C$4.88 billion for fiscal 2027. It sets out its next long-range plan at an Investor Day on October 27, 2026. Canadian net revenue rose 19.8 per cent to C$390.4 million in the quarter to August 30, 2026, ahead of the 5.5 per cent Statistics Canada reported for clothing retailers in July. The outlook excludes the quarter's C$97.4 million tariff refund.

By Marc Belzile8 min readATZ.TO

Mining & Energy

Rock Tech Lithium Rose 34% on a Report Naming Rheinmetall as an Investor

Rock Tech Lithium (TSXV: RCK) closed at C$0.79 on October 16, 2026, up 33.9 per cent, after a news report named Rheinmetall AG as an investor in the company and its permitted lithium converter at Guben. Rock Tech's October 9 release describes a C$3.25 million subscription by an unnamed strategic investor and a project-level participation it expects to enter. Behind the report sit two converters, a Red Rock capital cost of C$596 million published October 7, a June 30, 2026 balance sheet with C$1,968,455 of cash, and a final feasibility study due in December 2026.

By Priya Sandhu11 min readRCK.V

Macro

Three Miners Head Into the Quarter That Settles Their 2026 Guidance

Production guidance is the forward-looking number a Toronto-listed miner is judged against all year, and Canada's disclosure rules require a reasonable basis for it and a discussion in the MD&A when events make a material miss likely. With nine months reported, Equinox Gold needs about 258,500 ounces in the fourth quarter to reach its range, Ivanhoe Mines needs about 77,900 tonnes of copper at Kamoa-Kakula, and B2Gold reports its third quarter on November 4.

By Daniel Okoye7 min read

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