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Priya Sandhu

Technology Editor · 8 years covering Canadian technology issuers

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Priya covers software, semiconductors and the Canadian technology listings that sit between venture capital and public markets.

Beats: Technology, Companies

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Published work

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.

By Priya Sandhu8 min readCS.TO

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.

By Priya Sandhu7 min readFLM.CN

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

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

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

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

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

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

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

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

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

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

Mining & Energy

First Phosphate's Quebec Deposit Reaches 204.7 Million Tonnes

First Phosphate Corp. (CSE: PHOS) carries 204.7 million tonnes at 6.05 per cent P2O5 in the measured and indicated categories at Bégin-Lamarche in Quebec, effective 1 May 2026, with the supporting NI 43-101 technical report filed to SEDAR+ on 24 August 2026. Its test work points to a concentrate of 40.4 per cent P2O5 at 88 per cent recovery, and two export credit agencies have written letters covering most of the projected equipment bill. The next dated step is a feasibility study the company schedules for the first quarter of 2027.

By Priya Sandhu7 min readPHOS.CN

Mining and Resources

Homeland Nickel: A Binding Offtake With Two Conditions

Homeland Nickel Inc. (TSXV: SHL) signed a binding offtake agreement with Westwin Elements on 2026-10-01 covering about 20,000 tonnes of nickel concentrate a year from its Red Flat property in Oregon. The agreement is conditional on an updated mineral resource estimate and a preliminary economic assessment the company expects in the first half of 2027. Homeland has no current mineral resource on any of its Oregon ground, and held about C$2.39 million of cash at its most recent reported balance sheet date.

By Priya Sandhu6 min readSHL.V

Mining and Resources

Seabridge's Wyoming Purchase: 163 Claims and a Concept

Seabridge Gold Inc. (TSX: SEA; NYSE: SA) agreed on October 13, 2026 to buy 100 per cent of the Slaughterhouse Project in southern Wyoming from Orogen Royalties Inc. for US$300,000, plus up to US$2.55 million in milestone payments and a 2.5 per cent net smelter return royalty. The asset is 163 U.S. mining claims and a data package. There is no mineral resource, and the target is a deposit type the company says has not been tested in Wyoming before.

By Priya Sandhu8 min readSEA.TO

Mining and Resources

Magna Restarts Levack on a PEA, Not a Feasibility Study

Magna Mining's board approved restarting the Levack mine in Sudbury on 8 October 2026, on the strength of a preliminary economic assessment showing an after-tax net present value of C$227.0 million at a 7 per cent discount rate and a payback of 0.6 years. A preliminary economic assessment is the only economic study Canadian securities rules allow to include inferred resources, and about 37 per cent of this mine plan is inferred. Levack has no mineral reserves and the supporting technical report has not yet been filed.

By Priya Sandhu7 min readNICU.TO

macro

Canada's Public Miners Hold C$241 Billion Abroad

Canadian public mining companies held C$352.6 billion of mining assets at the end of 2024, according to Natural Resources Canada's January 2026 bulletin. C$240.6 billion of it was outside Canada, spread across 95 foreign countries, with five countries holding more than half. Here is how Canada became the listing venue for mines it does not contain, what the Canadian rulebook governs once a company is listed here, and where the official table stops reporting.

By Priya Sandhu7 min read

Technology

Firan Technology Jumps 26% a Day After Its Results Landed

Firan Technology Group reported third-quarter revenue of C$64.1 million, gross margin of 42.9 per cent and bookings of C$90.2 million in a release issued after the Toronto close on October 7, 2026. The shares closed at C$32.11 the next day, up 26.4 per cent on 366,498 shares against a 79,402-share average. The company credits part of the margin widening to short-term pricing premiums for expedited delivery.

By Priya Sandhu7 min readFTG.TO

Mining and Resources

Ivanhoe Raises Kamoa-Kakula Copper Output 19% as Guidance Falls

Ivanhoe Mines reported 76,401 tonnes of copper in saleable products from Kamoa-Kakula for the third quarter of 2026, up from 64,328 tonnes in the second. The shares fell 4.1 per cent to C$11.13 in Toronto on the day. The same release puts 2026 output at 290,000 to 310,000 tonnes and says production is trending toward the lower end, against the 380,000 to 420,000 tonnes the company guided for 2026 in December 2025.

By Priya Sandhu7 min readIVN.TO

Technology

Volatus Delivers Its First NATO Drone Tranche Six Months Late

Volatus Aerospace (TSX: FLT) said on 7 October 2026 that it has finished delivering the aircraft under the roughly C$4.5 million first tranche of an ISR training contract with an unnamed NATO partner, and that the customer has begun exercising the second tranche of a deal worth up to C$9 million. The company's own second-quarter release explains why that delivery had not happened sooner, and why the revenue has not shown up yet either.

By Priya Sandhu7 min readFLT.TO

Mining & Energy

Metalsource Steps 1.1 Kilometres North of Everything It Has Drilled

Metalsource Mining (CSE: MSM) said on 7 October 2026 that Phase 2 drilling has begun at Silver Hill in North Carolina, with holes planned about 1,120 metres north of the known deposit against induced-polarization anomalies that have never been tested. The company has spent 2026 calibrating that geophysical signal against real intercepts, which is what makes the northern targets more than lines on a map. It is also the whole of what has been proven about them.

By Priya Sandhu7 min readMSM.CN

Mining & Energy

Quebec's New Government Inherits First Phosphate's Fast-Track Status

First Phosphate Corp. (CSE: PHOS) holds Filon fast-track status from Quebec's Ministry of Natural Resources and Forests, granted 27 July 2026, and letters from two European export credit agencies covering up to US$212.5 million and EUR 170 million. None of those is a permit or a drawn loan. After the Parti Québécois won a minority on 5 October 2026, this is what the documents actually support and what they do not.

By Priya Sandhu7 min readPHOS.CN

Mining and Resources

F3 Uranium's Interest Payment to Denison: One Third in Shares

F3 Uranium Corp., which trades as FUU on the TSX Venture Exchange and as GL7 in Frankfurt, said on October 2, 2026 that it would issue 797,872 common shares to Denison Mines Corp. at a deemed price of C$0.141, together with C$225,000 in cash, to settle a quarter's interest on a C$15 million convertible debenture. Against 662,375,097 shares outstanding that is dilution of about 0.12 per cent. The larger pending item is the share consolidation, which the exchange has not yet accepted.

By Priya Sandhu9 min readFUU.V

Mining and Resources

Where Are the Assays From Super Copper's First Four Chilean Holes?

Super Copper Corp. (CSE: CUPR; FSE: N60) reported on 1 October 2026 that visible copper minerals were logged in all four completed holes of its maiden drill programme at Cordillera Cobre in Chile's Atacama region, across roughly 2,348 metres. No assays have been returned. The project is held under an option to earn up to 100 per cent, not owned, and carries no mineral resource estimate of any kind, current or historical.

By Priya Sandhu10 min readCUPR.CN

macro

Permit, Contract, Treaty: Three Ways a Foreign State Reaches Toronto

Colombia moved a date. Panama attached a condition. Greece switched on a power line. Three foreign-state acts landed on Canadian-listed miners inside one week, through three different legal instruments, and each one settles something the other two cannot. Natural Resources Canada counts C$240.6 billion of Canadian mining assets outside the country; the instruments are how those assets are actually held.

By Priya Sandhu9 min read

Mining and Resources

Does a Draft EU Minerals Pact Change Anything for First Phosphate?

A draft joint statement circulating among EU member states before an October 2026 summit in Montreal would open European Investment Bank financing to Canadian critical-minerals projects, according to reporting on September 30, 2026. First Phosphate Corp. (CSE: PHOS, FSE: KD0) sits inside that perimeter. Its Bégin-Lamarche deposit in Saguenay grew to 204.7 million tonnes of measured and indicated resource this year, and it has no mineral reserve and no completed economic study.

By Priya Sandhu7 min readPHOS.CN

Mining and Resources

Panama Ties Any Cobre Panamá Deal to Ending First Quantum's Arbitration

First Quantum Minerals (TSX: FM) disclosed on 30 September 2026 that Panama's Ministerial Commission has delivered seventeen recommendations on Cobre Panamá. The lead recommendation is to open negotiations on a new agreement, with termination of the company's international arbitrations set as a mandatory condition. The shares fell 15.3 per cent on the day while the copper price rose, which makes the move a judgement about Panama rather than about the metal.

By Priya Sandhu7 min readFM.TO

Mining and Resources

Why Equinox Left Mexico and Nicaragua Out of Its Drill Update

Equinox Gold's 29 September 2026 exploration update reported drill results from Musselwhite, Valentine and Greenstone, all in Canada, and disclosed that 45 rigs are turning across nine projects in four countries. Fifteen of those rigs are in Mexico and 12 in Nicaragua. No results from either country appear in the release, and no explanation for the omission does either.

By Priya Sandhu7 min readEQX.TO

Technology

Dye & Durham: A 144% Day on Fiscal 2026 Results

Dye & Durham reported fiscal 2026 results before the open on 29 September 2026: revenue of C$410.7 million, adjusted EBITDA of C$198.8 million, a net loss of C$38.5 million and a first lien net leverage ratio of 5.17 times. The shares closed at C$1.16, up 144.2 per cent. The release contains no fiscal 2027 guidance, no refinancing and no asset sale.

By Priya Sandhu6 min readDND.TO

Mining and Resources

Eldorado Gold Connects Skouries to the Greek Grid, 20 Days After First Concentrate

Eldorado Gold reported on 28 September 2026 that its Skouries copper and gold mine in northern Greece is permanently connected to the Greek national power grid. The release carries no throughput, grade or recovery figure, and it does not change the company's stated schedule of commercial production in the fourth quarter of 2026. About US$1.315 billion is Eldorado's own estimate of total Skouries capital to that point, of which US$1.270 billion had been spent by 30 June 2026.

By Priya Sandhu7 min readELD.TO

Mining and Resources

Lundin Gold Extended a Gold Trend to Eight Kilometres, and None of It Is a Resource Yet

Lundin Gold Inc. (TSX: LUG; Nasdaq Stockholm: LUG; FSE: F1YN) reported 204.26 g/t gold over 3.05 metres at Bonza Sur on September 24, 2026, and said a new discovery at Quebrada Dorada extends the epithermal gold trend beyond eight kilometres. Of the metal in the headline intercept, 99.7 per cent comes from 0.60 metres assaying 1,035.60 g/t. Five other intercepts are more evenly distributed and are the stronger evidence. The release carries no mineral resource or reserve estimate for either target, and states the intercepts are core lengths, not true widths.

By Priya Sandhu6 min readLUG.TO

Mining and Resources

Largo Priced US$5.7 Million of Stock and Warrants at US$0.56 to Pay Trade Creditors

Largo Inc. (TSX: LGO; Nasdaq: LGO; FSE: LR8) priced a US$5.7 million registered direct offering on September 25, 2026 at US$0.56 per share and warrant, with a five-year warrant struck at US$0.70. The shares closed at C$0.77 in Toronto, down 20.62 per cent on 11.69 times average volume. Stated use of proceeds is working capital, including paying trade creditors. Two insiders took 24.5 per cent of the offering. About US$82 million of Brazilian bank debt sits behind it, roughly 48 per cent of it restructured.

By Priya Sandhu9 min readLGO.TO

macro

Three Canadian Financings in Four Days, and the Exchange Capped the Price of Only One

Between September 22 and September 25, 2026, three Toronto-listed mining companies announced equity sales: a C$14.0 million private placement, a C$50 million public offering of units and a US$5.7 million registered direct offering. The headlines look interchangeable. Only the first is priced against a table in an exchange rulebook, only the first carries a four-month hold period, and only the first is closed to ordinary holders. Here is the machinery behind each, worked from the releases and the rules.

By Priya Sandhu8 min read

Mining and Resources

Two of the Three Cost Figures Circulating About Ivanhoe Mines Are Not in Its Filings

Ivanhoe Mines issued no release this week, and the cost figures being traded around its shares come from memory of a conference call. One of the three checks out against the filings. The company reports C1 cash cost and does not report all-in sustaining cost at all, which makes most of the peer comparisons being drawn a comparison of two different measures. The gap between them can be priced from Ivanhoe's own capital guidance.

By Priya Sandhu8 min readIVN.TO

Mining and Resources

US$1,500 Bought the Research Note Circulating on First Phosphate This Week

A New York research firm issued a press release on 23 September 2026 announcing a new flash report on First Phosphate Corp., the Quebec igneous phosphate developer listed on the CSE as PHOS. The report's own disclosure page says First Phosphate paid for it: US$1,500, described in the text as Company Sponsored Research. The underlying month was a good one for the company, with a much larger resource filed in August and a Swiss export-credit letter in September. None of that came from the note.

By Priya Sandhu8 min readPHOS.CN

Mining and Resources

Five Times More Helium Anomalies Near a Fault: QIMC's 526-Sample Survey in Nova Scotia

Québec Innovative Materials Corp. (CSE: QIMC) reported on September 22, 2026 that a 526-sample helium soil-gas survey across 28 lines at New Salem-Apple River, Nova Scotia, identified fault-associated helium zones, with a peak of 5.864 parts per million by volume against a district background of 5.40 ppmv. The survey's load-bearing number is not the peak. It is the finding that anomalous stations occur roughly five times more often within 1.5 kilometres of a mapped fault than beyond two kilometres, which is why the 2D seismic programme grew from 42 to about 50 line-kilometres.

By Priya Sandhu8 min readQIMC.CN

Mining and Resources

Peer-Reviewed Geology, No Reserves: What First Phosphate's Ore Geology Reviews Paper Settles

First Phosphate Corp. (CSE: PHOS) announced on 21 September 2026 that a study of its Bégin-Lamarche deposit has been published in Ore Geology Reviews, and the shares closed at C$2.38, up 6.3 per cent. The paper is the strongest independent evidence the company has produced: the phosphate is magmatic, continuous across three zones, and unusually low in the trace elements that spoil sedimentary rock. It is also seven months old, and two of the four conclusions in the release are not findings of the paper.

By Priya Sandhu10 min readPHOS.CN

Mining and Resources

CanAlaska Fell 12 Per Cent With Nothing Filed Since 8 September, and Half Its Value Is Cash

CanAlaska Uranium Ltd. (TSXV: CVV; FSE: DH7) fell about 12.3 per cent on 18 September 2026 on roughly 5.8 times its average volume, with no company release since 8 September. Three larger Athabasca Basin names fell the same day. The company holds about C$32.9 million against a market value of about C$66.9 million, and has published no mineral resource estimate for its main project.

By Priya Sandhu7 min readCVV.V

Mining and Resources

First Lithium Minerals Opens a Third Financing in Four Months at a Price Above Its Own Close

First Lithium Minerals Corp. (CSE: FLM, FSE: X28) began a new listed issuer financing exemption offering on September 16, 2026, its third since May. Fully subscribed it would raise about C$5.0 million and issue 44.6 million shares against 112.2 million already outstanding. The company's own July offering document put working capital at roughly C$100,000 and carried a going-concern note. The Frankfurt line exists and did no business on 17 September.

By Priya Sandhu7 min readFLM.CN

Mining and Resources

QIMC Takes 823 New Soil-Gas Stations Into Ontario, the Fifth Step in a Method Built in Public

Québec Innovative Materials Corp. (CSE: QIMC) launched an expanded 2026 natural hydrogen programme on the Ontario side of the Témiscamingue Graben on September 17, 2026: 823 new soil-gas stations at 100-metre spacing over about 80 line-kilometres, taking the Ontario database to roughly 1,733 stations, alongside more than 1,100 gravimetric stations and 78 line-kilometres of 2D seismic. The shares closed at C$0.59. The company's own disclosure says none of this measures flow.

By Priya Sandhu6 min readQIMC.CN

Mining and Resources

A Kilometre From Its Nearest Hole, FireFox Gold Drilled 21 Metres of 4.13 g/t in Lapland

FireFox Gold Corp. (TSXV: FFOX) reported on 16 September 2026 that hole 26MJ032 cut 21.0 metres averaging 4.13 g/t gold more than 650 metres from any previous drilling at Mustajarvi in Finnish Lapland. The shares closed at C$0.63, up 26.0 per cent on thirteen times average volume. Two earlier holes this month carried higher grades and moved nothing. What changed was the distance, and a paid listing that ran the same day.

By Priya Sandhu8 min readFFOX.V

Mining and Resources

Coyote Copper's Arizona Drill Permits Started a 30-Day Clock on 17.5 Million Warrants

Coyote Copper Mines Inc. (TSXV: CCMM) received Phase 1 drill permits for its wholly owned Copper Springs project in Arizona on 15 September 2026 and, in the same release, gave notice accelerating 17,501,296 warrants to a 15 October expiry. Exercise brings in C$3,143,386.58 and adds about 13 per cent to the share count. The shares closed down 33.33 per cent at C$0.44 on 281,072 shares, 1.57 times their 30-day average.

By Priya Sandhu7 min readCCMM.V

Technology

Volatus Aerospace's Defence Contract Commits Canada to 100 Drones, Not 5,000

Volatus Aerospace Inc. announced on September 10, 2026 a five-year Canadian defence contract for tactical ISR drones covering up to 5,000 systems. The committed portion is 100 systems. The remaining 4,900 are options exercisable at Canada's sole discretion, and the company states plainly that they are not purchases, backlog or revenue. At a stated maximum of C$5,000 per system, the entire ceiling is C$25 million over five years.

By Priya Sandhu8 min readFLT.TO

Mining and Resources

QIMC Buys the Picture: Seismic Contractors Engaged for 42 Kilometres at Bennett Hill

Quebec Innovative Materials Corp. (CSE: QIMC, FSE: 7FJ) engaged Echo Seismic and Strum Consulting on September 14, 2026 for 42 line-kilometres of 2D seismic across Bennett Hill and Apple River in Nova Scotia, the larger half of a 78-kilometre campaign and the biggest geophysical programme it has funded. It follows five drill holes that measured up to 30.0 per cent hydrogen at two centres about fifteen kilometres apart. The structural picture arrives this autumn; a flow test, the step that would settle deliverability, has still not been announced.

By Priya Sandhu8 min readQIMC.CN

Mining and Resources

Two Years In, F4 Uranium Has 17 Projects and a Partner-Paid Drill Program, and Wales Lake Still Owes a Grade

F4 Uranium was carved out of F3 Uranium by court-approved arrangement in August 2024. It now reports 17 Athabasca Basin projects, has had a 4,092 metre drill program at Murphy Lake paid for entirely by an option partner, and has raised C$1.0 million in flow-through money without a discounted common raise. The Wales Lake holes drilled to date have returned no better than 21 parts per million uranium, the 2025 core assays are unreported, and the September 2, 2026 survey mapped two conductor trends without dimensions. The company-building is real; the uranium is still to be shown.

By Priya Sandhu11 min readFFU.V

Mining and Resources

Hemlo Mining Drills 89.9 g/t Gold 50 Metres From a Working Stope, and Changes Its True-Width Estimate

Hemlo Mining Corp. (TSX: HMMC) reported 89.89 g/t gold over 3.0 metres of core length in hole 6702608 at South-Rim on September 10, 2026, from a zone 50 to 150 metres from active C-Zone mining. The release also revises the estimated true-thickness conversion to 65 to 90 per cent of downhole length, from 30 to 70 per cent in the May 14, 2026 release on the same zone, without stating why. South-Rim carries no resource, no reserve and no economics.

By Priya Sandhu9 min readHMMC.TO

Technology

Record LNG Volumes and a 30 Per Cent Drop in Total Contracts: Abaxx Fell 17.1 Per Cent on Its Own News

Abaxx Technologies closed at C$18.04 on September 9, 2026, down 17.1 per cent on roughly 1.2 times its thirty-day average volume, the day it published a release headed by record August LNG futures volumes. The body of that release put total August volume at 377,949 contracts against July's record 543,100. The August 17 quarterly filing shows why the distinction matters: transaction and clearing fees of C$4,496,409 in the second quarter against liquidity credits of C$4,494,753.

By Priya Sandhu7 min readABXX.TO

Mining and Resources

Talon Metals Sells Nickel Today From a Mine With Reserves to 2030, and Tamarack Is Still in Scoping

Talon Metals closed at C$8.37 on September 9, 2026, up 9.7 per cent on a day with no company news. Since January it has owned the Eagle mine in Michigan, the only active primary nickel mine in the United States, and it reported US$51.5 million of second-quarter revenue on August 13, 2026. The technical report released April 30, 2026 puts Eagle's proven and probable reserves at 3,486 kilotonnes and ends mining in the second half of 2030. Tamarack, the larger asset, is at environmental scoping.

By Priya Sandhu7 min readTLO.TO

Economyproductivity

GDP Growth Is Not Productivity Growth

Real GDP by expenditure grew 0.8% in the second quarter of 2026. That says nothing about whether output per hour worked improved — and for long-horizon investors, the second question is the important one.

By Priya Sandhu2 min read

Economytrade

CUSMA Has Become a Valuation Variable

A functioning free-trade agreement and significant sectoral tariffs can coexist. Two Canadian companies with identical U.S. revenue can carry entirely different trade risk.

By Priya Sandhu2 min read

Technologyaerospace & defence

Volatus Aerospace Wins a Seat in Canada's Defence Drone Marketplace. The Harder Part Is Conversion

Volatus Aerospace (TSX: FLT) has been qualified as a supplier under the Department of National Defence's Defence Drone Initiative Marketplace, effective August 24, 2026 and running to July 31, 2031. The award carries no committed dollar value. Its worth depends entirely on whether pre-qualification converts into task authorizations before the company's C$59.2 million cash position is absorbed by an autonomy and manufacturing build-out that is still EBITDA-negative.

By Priya Sandhu6 min readFLT.TO

Mining and ResourcesRare earths

Neo Performance Materials: A Canadian Rare-Earth Magnet Play

Neo Performance Materials trades on the TSX as NEO. It operates through Magnequench magnetic powders and alloys, Chemicals & Oxides, and Rare Metals. Key assets include the Silmet rare-earth separation facility and a permanent-magnet manufacturing development in Estonia. Q1 2026 revenue was US$155 million and adjusted EBITDA was US$36.2 million. Cash was US$41.7 million and gross debt was US$154.3 million.

By Priya Sandhu2 min readNEO

TechnologySoftware

Open Text and the Debt-Funded Acquisition Problem

Open Text has grown by acquiring mature enterprise software with debt, a model that works only if acquired revenue holds up and integration stays on schedule. This piece examines where that strategy strains, and why leverage and cloud migration now matter more than the operating story.

By Priya Sandhu3 min readOTEX

CryptoProducts

Bitcoin ETFs on the TSX: What Canadian Investors Actually Own

Canada listed spot bitcoin ETFs years before the United States, but custody, fee structure and hedging vary widely across issuers. This piece walks through what actually differs beneath the ticker, and why registered-account eligibility is a real but non-trivial advantage.

By Priya Sandhu3 min read

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