Canada's merchandise trade balance swung to a surplus in March, globally and with the United States, as higher crude oil prices and strong demand for gold drove a jump in exports while imports fell, data showed.
Canada
The downturn in Canada's services economy eased in April as the level of new business increased despite concerns about tariffs and the war in the Middle East, S&P Global's Canada services PMI data showed.
A proposed pipeline for carrying Canadian crude oil to the United States is close to securing the minimum commitments from oil companies that the project needs to go ahead, four sources familiar with the matter told Reuters.
Adyton Resources Corporation (TSXV: ADY) announce that it has executed an amended Investment and Development Agreement (the "Amended IDA") with East Vision International Holdings Pte. Ltd. and East Vision Group Ltd.), together ("EVIH"), for the development of its Fergusson Island Gold Projects (Wapolu and Gameta) (the "Projects") which amends and restates the original joint venture earn-in agreement (the "IDA") dated May 2, 2024.
Under the Amended IDA, EVIH can earn up to a 50% interest in Fergusson Mining Pte. Ltd. (refer Figure 1) through a total investment of up to US$9.5 million (equity), and if required, US$2M (debt) for the development of Wapolu as well as a shareholder loan for the development financing of Gameta.
The Amended IDA simplifies the earn-in structure into a single milestone linked to the permitting, pre-development and capital to commence operations at the Wapolu Project. Funding will support equipment purchases, permitting, feasibility work and project development, with a target to commence operations in Q4 2026. Once the funding and development milestones are achieved, EVIH and the Company are expected to each hold a 50% interest in Fergusson Mining Pte. Ltd.
As part of the Amended IDA, the Company will grant EVIH up to 4.5M restricted stock units (the "RSUs") in three separate contingent issuances, each 1.5M issuance linked to Gameta pre-development, development and commissioning milestones.
Tim Crossley, Managing Director and CEO, commented, "This amended agreement simplifies the path to a 50/50 partnership with EVIH while preserving core funding elements to advance the Fergusson Island projects toward production. We believe the revised structure provides simplicity, clarity and equity alignment between the parties as we continue to unlock the value of the Fergusson Island Gold Projects."
Gary Wang, CEO of EVIH, commented, "We are very pleased with these amendments, which simplify our agreement with Adyton and provide greater alignment between ourselves and Adyton as we advance the Fergusson Island Projects. We are also encouraged by the constructive discussions which have further strengthened our relationship with Adyton.”
Arras Minerals Corp. (TSXV: ARK) (OTCQB: ARRKF) announce the commencement of a top-of-bedrock ("KGK") drilling program at its Elemes Project in northeastern Kazakhstan, advancing what is emerging as a district-scale copper-gold system.
Program Highlights:
Approximately 5,000 metres of drilling planned to evaluate the Berezski Trend
Approximately 1,000 metres of drilling planned to test the core of the 14 km Aimandai geochemical anomaly located approximately 7 km east of the Berezski Trend
Program designed to delineate the extent of known mineralization under shallow cover and test for additional porphyry centres
Late last year, the Company completed a 64-hole KGK program that expanded the footprint under shallow cover of copper-gold mineralization at Berezski Central and Berezski East to over 1,000 metres of strike length. Mineralization remains open to the north and south, highlighting the potential for significant expansion of mineralization along this highly prospective corridor.
Burstroy Drilling has been engaged to conduct approximately 6,000m of KGK drilling that has been designed to rapidly evaluate the Berezski and Aimandai trends and prioritize targets for diamond drilling over the next few months.
Tim Barry, CEO of Arras Minerals, commented: "In late 2025, we tested a section of the Berezski Trend with KGK-drilling that expanded the footprint of the Berezski Central and Berezski East targets and identified additional exploration targets. This top-of-bedrock drilling has proven to be a great tool to quickly prioritize targets for diamond-drill testing over large areas with shallow cover masking the geology. Given the success in the initial program, we are focusing on Berezski East and further along strike north and south from Berezski Central in this emerging large-scale corridor. Additionally, at Aimandai, we're targeting the core of the 14 km soil anomaly to identify targets for follow-up initial diamond-drilling."
Top-of-Bedrock (KGK) Drilling at Berezski
In December 2025, the Company announced results from a 64-hole KGK drilling program across Berezski Central and Berezski East, materially advancing the understanding of geology and Cu-Au mineralization beneath shallow cover. The program not only expanded the known footprint, but demonstrated that KGK drilling is a rapid, scalable method for vectoring along the 8.8 km Berezski Trend and for targeting additional mineralized centres.
In 2026, approximately 200 KGK drill holes are planned along the Berezski Trend to unlock the broader potential of the system.
About Arras Minerals Corp: Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Elemes copper-gold porphyry project where initial drill results in 2025 identified porphyry style mineralization across a 10 km line of strike. The Company has established one of the largest land packages in the country prospective for copper and gold. The Company's shares are listed on the TSX-V under the trading symbol "ARK" and on the OTCQB under the trading symbol "ARRKF”. Company's website https://www.arrasminerals.com
First Tellurium Corp. (CSE:FTEL, OTC:FSTTF) has provided an update on its majority-owned subsidiary PyroDelta Energy Corp's entry into the U.S. Department of Defense (DOD) DARPA Lift Challenge for drone innovation. The Lift Challenge, scheduled for Aug. 2-9, 2026 at the Wright-Patterson Air Force Base in Ohio, seeks novel drone designs that can carry payloads more than two times their weight. The goal is to revolutionize the way drones are deployed across all sectors.
DARPA is the DOD's Defense Advanced Research Projects Agency, responsible for developing cutting-edge technologies for national security.
PyroDelta's design, which is now complete and filed with DARPA, incorporates revolutionary thermoelectric technology to increase the drone's carrying capacity and range. The drone includes additional innovations in rotor design, weight reduction and transmission.
"The PyroDelta team has worked intensely over the past six months to develop an original and innovative design," said First Tellurium President and CEO Tyrone Docherty. "I'm pleased to report that in mid-May, PyroDelta will present a video demonstration of the drone in use to DARPA, fulfilling the final requirement before the challenge."
"The specifications and standards for the competition, not to mention the high bar of lifting more than twice the drone's weight, are extremely demanding," said PyroDelta's Head Engineer Michael Abdelmaseh. "We have achieved these standards, and we have submitted our Final Concept Paper, drawings and photos, along with our UAS (Unmanned Aerial System) certification, which is also filed with the Federal Aviation Administration. In short, we are ready to compete."
Demand for heavy-lift drones is growing rapidly, with market projections rising from roughly $1-2 billion today to as much as $5-7 billion over the next decade, representing double-digit annual growth. Key applications include logistics, military resupply, disaster relief, construction, and energy infrastructure, particularly in remote or high-risk environments where drones offer cost and safety advantages over traditional transport. Looking ahead, the most significant opportunities lies in humanitarian response, remote industrial operations, autonomous logistics networks, and growth in military applications.
"These expanding sectors have made the drone industry hungry for innovation to increase payload and range," said Docherty. "While PyroDelta's thermoelectric technology offers opportunities in a wide range of industries, including AI data centers and solar power, we believe the drone sector offers the lowest-hanging fruit at this time. We continue to engage with sectors outside of drones, but our current focus is proving our technology and showcasing it on the DARPA stage. We're confident this will open many new doors to monetization and commercial sales.”
Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) announce that it has entered into an agreement with National Bank Financial Inc. and MDCP Securities Limited (together, the "Co-Lead Agents"), as joint bookrunners and co-lead agents, on behalf of a syndicate of agents to be appointed (collectively, the "Agents"), in connection with a "best efforts" private placement offering under the LIFE Exemption (as defined herein) for up to 9,661,000 common shares of the Company (the "Common Shares") at a price of $4.50 per Common Share (the "Offering Price") for aggregate gross proceeds of up to $43,474,500 (the "Offering”). Company's website at www.amexexploration.com
Black Swan Graphene Inc. (TSXV: SWAN) (OTCQX: BSWGF) (FSE: R960) announce the appointment of Ms. Katrina Damouni as Director, Communications & Capital Markets, as well as Ms. Roxanne Gelineau as Manager, Finance & Administration.
Ms. Damouni brings over 15 years of experience in corporate development, communications, and capital markets, primarily within the junior mining sector. She most recently served in a similar capacity at Northern Superior Resources ("Northern Superior"), which was recently acquired by IAMGOLD Corporation. She has significant experience in equity and debt financings, mergers and acquisitions, and the execution of strategic initiatives. Ms. Damouni also brings a well-established network across the United Kingdom, Europe, and North America, enhancing her ability to leverage key industry relationships. Her career spans a range of roles, including asset management, institutional equity sales, and investment banking in both the United Kingdom and Canada. Ms. Damouni holds a Bachelor of Economics (BEcon) from McGill University in Montreal, Quebec.
Ms. Gelineau was also an integral member of the Northern Superior team, providing support to the finance and accounting functions while serving as Office Manager for nearly 15 years. Ms. Gelineau has built a solid reputation for her expertise in supporting business operations and financial management, particularly within publicly traded companies. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296091
Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) announce that it has engaged ExploreTech, a Stanford University-originated exploration technology company, to conduct an independent geophysical review and drill optimization at the Schryburt Lake REE-Niobium Project ("Schryburt Lake" or the "Project") in northwestern Ontario, Canada (see Company news release dated April 28, 2026), as recommended in the Company's recently filed NI 43-101 Technical Report (a copy of which may be obtained under the Company's profile at www.sedarplus.ca). ExploreTech will deploy its proprietary ExploreTech Engine, a computing platform that runs probabilistic modeling workflows, to refine the geometry and depth extent of the four flagship priority target areas at the Project — Blue Jay, Goldfinch, Starling, and Blackbird — and the Hummingbird target, optimize drill collar placement and azimuth, and deliver a ranked, phased drilling sequence in support of the Company's recommended 1,500-metre, nine-hole helicopter-supported diamond drilling program. Phase 1 deliverables are expected to be completed by May 31, 2026, positioning the Company to mobilize the recommended drill program upon receipt of the Ontario Exploration Permit.
"Schryburt Lake is one of the most data-rich early-stage carbonatite REE-Niobium projects in our portfolio, and we want to drill it right the first time," said Brad Brodeur, Chief Executive Officer of Canamera Energy Metals Corp. "Engaging ExploreTech brings a quantitative, evidence-weighted layer to our drill targeting that complements the technical work already completed by the Independent Qualified Person and the Project's prior operators. ExploreTech's track record speaks for itself, and partnering with them is consistent with our broader commitment to deploying best-in-class tools across the portfolio to maximize the return on every metre of drilling. Completing this work in advance of permit receipt means we will be in a position to mobilize quickly, with a fully optimized target plan, once the Ontario Exploration Permit is in hand."
Cenovus Energy Incorporation. (TSX: CVE) posted a rise in first-quarter profit, helped by higher benchmark crude oil prices and as the acquisition of MEG Energy boosted its upstream production to record levels. Cenovus' acquisition of MEG last year added the Christina Lake oil sands assets to its portfolio, boosting production and strengthening its position as one of Canada's largest heavy oil producers. The company said total upstream production rose to a record 972,100 barrels of oil equivalent per day (boepd) in the quarter, from 818,900 boepd a year earlier.
Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) announce the results of a previously completed 2025 helicopter-borne MobileMT electromagnetic and magnetic survey at its 25,753-acre CLK Uranium Property ("CLK" or the "Property"), located in the northern Athabasca Basin region of Saskatchewan. The survey was conducted by Expert Geophysics Surveys Inc. and was designed to map both conductive and resistive anomalies as well as magnetic susceptibility to interpret structure, and alteration zones associated with unconformity-style uranium mineralization.
Following the MobileMT survey, the Company engaged Caur Technologies Inc. to conduct an ambient noise tomography ("ANT") survey to further refine targeting at CLK. The survey was completed in fall 2025 and the final velocity model has been received. Integration of the ANT and MobileMT datasets is now underway to define high-priority drill targets near CLG-D1, a historical drill hole that intersected 8,600 ppm U (approx. 1.01% U3O8) from visible pitchblende stringers just below the unconformity.
Jason Barnard, President and CEO of Foremost Clean Energy, commented: "The MobileMT survey has provided valuable insight into the structural framework at CLK. Now, with the ANT survey complete and the final velocity model in hand, we are integrating both datasets to advance high-priority drill targets and build on the strong foundation provided by historic high-grade uranium mineralization.”
Gold Hunter Resources Inc. (CSE: HUNT) (OTCQB: HNTRF) (WKN: A2QPAL) announce the awarding of this key contract for its inaugural drill program at the Great Northern Project, Newfoundland. The Company has engaged Equity Exploration Consultants Ltd. ("Equity") to manage all exploration activities, and is already working with Gold Hunter to secure the key subcontractors. With Equity selected to provide the team and support for the Company's inaugural 2026 drill program, the Company is poised to complete 10,000 metres of diamond drilling.
Sean Kingsley, President & CEO of Gold Hunter, commented,
"We are excited to start working with Equity and know their team will be a great fit. We thank the other teams that provided proposals, which were all solid, but ultimately Equity stood out from the crowd. Further bolstering the team, we're excited to announce Jeff Wilson has also agreed to join the team as our advisor to the board.”
Grid Metals Corp. (TSXV: GRDM)(OTCQB:MSMGF)announce it has received conditional approval from the TSX Venture Exchange ("TSXV") for its previously announced transaction with Boliden Mineral Canada Ltd. ("Boliden") on April 15, 2026, for the option of the Thompson East Project in Northern Manitoba.
The option and joint venture agreement grants Boliden an option to acquire an 80% interest in the Thompson East Project by funding cumulative expenditures of at least CAD$9,600,000 and making staged cash payments of CAD$500,000 to Grid. After receipt of TSXV approval, Grid is now entitled to receive an initial cash payment of CAD$200,000. View the original press release on ACCESS Newswire
Homeland Uranium Corp. (TSXV: HLU) (OTCQB: HLUCF) (FSE: D3U)reports the commencement of a detailed geological mapping, prospecting and sampling program at its 100%-owned Cross Bones Uranium Project (the "Project"), located near Dinosaur, Colorado (Figure 1).
The mapping program is designed to verify historically reported radioactive occurrences, assess the distribution and characteristics of uranium mineralization at surface, and identify new areas of elevated radioactivity. The program will also support refinement of geological targets in advance of a future drilling program anticipated in the second half of 2026. Mapping and prospecting activities are expected to be completed over a period of approximately one month.
The program will evaluate three prospective priority target areas, which will be assessed sequentially based on exploration potential. The highest priority mapping area encompasses the area surrounding the Cross Bones Uranium Deposit (formerly called the Skull Creek Uranium Deposit) based on drilling completed in 1978-1979 by Anschutz Uranium Corp. and Ashland Minerals. Bluerock Resources conducted follow-up drilling in 2006. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295934
Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) announces that it has entered into an agreement to amend the option agreement dated April 20, 2021 with New Empire Exploration LLC (the "Vendor") to acquire a 100% interest in the Tombstone South Property ("Tombstone South" or the "Project") located in Arizona. The amendment provides for an extension to complete the required US$1,500,000 work commitment that is due May 2026 to May 2027, in exchange for the issuance of an additional 200,000 common shares of Intrepid, and payment of an additional US$50,000, in each case to the Vendor and which has now been completed. The additional US$1,500,000 work commitment that is due May 2027 remains unchanged. The amendment is subject to the approval of the TSX Venture Exchange.
"Tombstone South represents a highly prospective and underexplored opportunity within a proven CRD (Carbonate Replacement Deposit) district," said Matt Lennox-King, Intrepid Chairman and Interim CEO. "Previous geophysical surveys defined a compelling chargeability anomaly near the contact of the Bisbee strata and the limestone units that host the zinc-lead-silver Taylor sulphide deposit owned by South32 Limited, located approximately 75 kilometres to the southwest. With the Company having raised over C$19.1 million in gross proceeds since December 2025, we are well-positioned and look forward to advancing the Project.”
Power Metallic Mines Inc. TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) provide additional assays from its winter 2026 drill program.
Lion Zone MRE In-fill program
Additional drill holes continued to add and refine the high-grade Lion Zone ahead of the 2026 Mineral Resource Estimate (MRE). The infill drill holes in this release cover approximately 560 m down plunge extent from the core of the Lion Zone (PML-26-095) to central southwestern Lion area (PML-26-069) (Figure 1). These holes highlight both the robust near surface mineralization as well as returning the deepest high-grade intercept at Lion. These holes will be incorporated into future mineral resource estimates and highlight the potential for open pit development.
Continued evolution and support of the modelled interpretation of the Lion Zone is evidenced by PML-26-095 which intersected the interpreted core of the Lion Zone with wide intersections of high-grade copper near surface with 22.00 m @ 11.46% CuEqRec1 including 6.50 m @ 18.59% CuEqRec1 and including 4.00 m @18.62% CuEqRec1.
Hole PML-26-069 tested the zone approximately 560 m south-southwest down plunge of PML-26-095 at a vertical depth of 600 m containing a moderate grade of 6.58 m @ 4.00% CuEqRec1 including a high-grade interval of 2.82 m @ 8.26% CuEqRec1.
"The Lion Zone continues to deliver high grade intersections that are more than an order of magnitude beyond the grade of the average producing copper mine. Hole PML-26-095 represents our second-best intersection to date. Results demonstrate that both grade and thickness are being maintained and, in places, increasing as we advance toward our inaugural Mineral Resource Estimate in the third quarter of 2026. Lots more to come!" commented Terry Lynch, CEO & Director.
Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) announce that it has entered into an option agreement, ("Option Agreement") pursuant to which it can acquire a 100% ("Option Arrangement") interest in and to the Hopkins Rare Earths project ("Project"), subject to a 2 percent net smelter returns royalty ("NSR").
The Hopkins Property consists of thirteen (13) multicell mining claims covering 295 claim units and approximately 5,900 hectares in Hopkins and Mowbray townships on NTS map sheet 42G16. The Property is situated in an accessible part of northern Ontario, with regional access provided by the Trans-Canada Highway, Provincial Route 634, local roads, logging roads and, where required, boat or helicopter access. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296128
Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) a global cybersecurity services provider, announces the launch of its Canadian Program for Cyber Security Certification (CPCSC) compliance readiness program for organizations in Canada's defense industrial base.
Established through Budget 2023, CPCSC sets mandatory cybersecurity controls for defense suppliers and is designed to ensure interoperability with allied nations' defense security frameworks. Plurilock's readiness program addresses the full compliance lifecycle, from initial Level 1 gap analysis through assessment and implementation guidance. The program serves organizations across the construction, engineering, manufacturing, and technology sectors that are the backbone of Canada's defense supply chain.
Plurilock's CPCSC program is available both direct and through the Company's alliance partners. The Company also assists U.S. commercial defense contractors with Cybersecurity Maturity Model Certification (CMMC) compliance readiness, providing parallel defense supply chain security readiness services across North America.
Québec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) report that the Company has intersected a 243-metre anomalous hydrogen-bearing interval (300-543 m), including a 163-metre continuous elevated hydrogen zone (380-543 m), representing the strongest and most continuous field geochemical response observed to date at the project.
The deeper interval in DDH-26-03 is characterized by repeated elevated hydrogen readings, including multiple measurements exceeding the upper detection limit of the primary GA5000 field instrument, with selected cross-check values up to 8,961 ppmV confirmed using a secondary Eagle II analyzer. These results expand the known vertical extent and intensity of hydrogen mineralization at West Advocate and are consistent with the Company's interpretation of a structurally controlled system that remains open at depth as drilling continues toward a planned total depth of approximately 900 m. Concurrently, ISOJAR mud gas sampling at 3-metres intervals throughout DDH-26-03 is being processed and interpreted by Prof Marc Richer-Laflèche of INRS, adding an independent scientific layer to the Company's integrated program. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296156
Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) (FSE: 6330) , a globally expanding renewable energy company focused on scalable, recurring revenue, provides a development update on its Zambia utility-scale solar project, reflecting strong operational execution and substantial advancement across key development stages.
Since initiating the project, the Company has advanced its planned 30 MW utility-scale solar development through a phased approach across funding, due diligence, planning, and procurement with a disciplined, capital-efficient strategy. This has resulted in the completion of a 20-year Power Purchase Agreement, land acquisition, and key technical studies required for development. With initial engineering completed and procurement nearing completion, the project has progressed through the majority of its early-stage lifecycle and is now positioned to transition into construction.
With the project well advanced, the Company has entered the final stage of vendor selection and expects to engage construction for the initial phase within the next three to four weeks, marking a key step toward execution and value realization. To date, Stardust Solar Energy has completed the foundational development work required to support construction. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295968
Suncor Energy Inc. (TSX: SU) beat estimates for first-quarter adjusted profit on Tuesday, driven by higher production and throughput volumes. Suncor and its peers have outperformed many global rivals amid macro uncertainty due to years of investment, making them North America's lowest-cost operators. Suncor's upstream quarterly production rose to 875,000 barrels per day (bpd) from 853,000 bpd a year earlier. Its refinery throughput rose 15,000 bpd to 498,000 bpd during the quarter, with utilization rates of 97%. The Canadian producer benefited from incremental capacity additions and higher refining network nameplate capacity.
Super Copper Corp. (CSE: CUPR) (OTCQB: CUPPF) (FSE: N60) report results from its 3D magnetic vector inversion ("MVI") of ground magnetic data at the Cordillera Cobre Project, near Copiapó, Chile.
The new MVI is the first geophysical evidence linking El Alto and Calcite Hill within a single coherent magnetic corridor.
The MVI defines a coherent magnetic corridor extending approximately 3.5 kilometres across the central target area and shows positive spatial correlation with the previously reported chargeability anomaly from induced polarization ("IP") surveying. Together with historical drill core assay results, these datasets define coherent targets at depth that have not been tested by drilling.
Zachary Dolesky, CEO of Super Copper, commented: "This is a step-change in our understanding of the scale at Cordillera Cobre. The 3D model defines a 3.5-kilometre magnetic corridor linking El Alto and Calcite Hill for the first time, and within that corridor the El Alto target alone is a 1.2-kilometre magnetic body with historical drilling of up to 1.6% copper at its margin and high-grade copper at surface directly above it. Two independent geophysical methods are pointing at the same untested zone at depth. That's where we drill first."
Tiger Gold Corp. (TSXV: TIGR) (FSE: D150) (OTCQB: TGRGF)report assay results from its ongoing diamond drilling campaign at the Tesorito deposit at its Quinchía Gold Project in Colombia's prolific Mid-Cauca gold belt. Drilling at Tesorito forms part of Tiger's broader 20,000-metre drill program, which is ongoing with three diamond drill rigs active across the project.
Robert Vallis, President & CEO, commented, "TSDH-80 returned 305.55 m at 0.5 g/t Au at Tesorito below the 2025 Mineral Resource conceptual pit shell, with an 8 m higher-grade interval that may be a continuation of the potential feeder zone we hit in TSDH-71. These results add to our geologic understanding beneath the current resource. We'll plan additional follow-up once results come in from the next section line north of TSDH-71, which we expect to assist in our evolving interpretation and inform future drilling.” To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295938
Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF)(FRA: Z1K)announce that Special Projects Inc. ("SPI") has been engaged to complete an airborne radiometric survey at the Aurora Uranium Project ("Aurora" or the "Project"), located in Saskatchewan's Athabasca Basin region. The survey will be completed under the direction of Cosa Resources Corp. ("Cosa"), the underlying owner and operator of the Project. Traction holds an option to acquire an 80% interest in Aurora from Cosa, subject to the satisfaction of certain earn-in requirements. The Aurora Project is located approximately 16 kilometres east of the Key Lake uranium mill and past-producing mine and covers approximately 17 kilometres of prospective strike along the southeastern margin of the Athabasca Basin.
SPI is a Calgary-based airborne geophysical survey contractor specializing in airborne geophysics, radiometrics, and magnetic surveying. The airborne radiometric system includes a custom-designed 16-detector focused gamma-ray spectrometer designed to provide high spatial resolution for the detection of radioactive responses associated with mineralized boulders, small outcrops, and other near-surface targets. The planned survey is intended to provide property-scale radiometric coverage across Aurora and assist in identifying radioactive anomalies that may warrant follow-up exploration. Given Aurora's basin-margin setting, where sandstone cover is interpreted to be shallow to locally absent in portions of the Project area, the survey is expected to support the evaluation of near-surface uranium target potential and help prioritize areas for future ground-based work. Final survey parameters, including planned line-kilometres, line spacing, acquisition timing, flight specifications, and final deliverables, will be confirmed following finalization of the survey plan with SPI. The Company expects the survey results to be integrated with existing geological, geophysical, historical exploration, and remote sensing datasets to support target refinement across the Project.
Jared Suchan, Chief Executive Officer of Traction, commented: "Engaging Special Projects is an important step in advancing Aurora. A modern, property-scale airborne survey is foundational to systematically evaluating a project of this size, and we believe the planned program will provide the technical insight needed to prioritize areas with potential for shallow uranium targets. We look forward to finalizing the survey plan and advancing Aurora toward ground-based follow-up.”
ECONOMIC DATA 1000 Ivey PMI for April: Prior 56.5 1000 Ivey PMI SA for April: Prior 49.7
COMPANY EARNINGS 5N Plus Inc: Expected Q1 earnings of 13 cents per share Aris Mining Corp: Expected Q1 earnings of 66 cents per share Atco Ltd: Expected Q1 earnings of C$1.48 per share Athabasca Oil Corp: Expected Q1 earnings of 12 Canadian cents per share B2Gold Corp: Expected Q1 earnings of 13 cents per share Canadian Utilities Ltd: Expected Q1 earnings of 87 Canadian cents per share Cenovus Energy Incorporation: Expected Q1 earnings of 77 Canadian cents per share Element Fleet Management Corp: Expected Q1 earnings of 34 cents per share Endeavour Silver Corp: Expected Q1 earnings of 13 cents per share Energy Fuels Inc: Expected Q1 loss of 3 cents per share Equinox Gold Corp: Expected Q1 earnings of 27 cents per share Fortis Inc: Expected Q1 earnings of C$1 even per share Fortuna Mining Corp: Expected Q1 earnings of 39 cents per share Great-West Lifeco Inc: Expected Q1 earnings of C$1.31 per share Ivanhoe Mines Ltd: Expected Q1 earnings of 5 cents per share Kinaxis Inc: Expected Q1 earnings of $1.14 per share Linamar Corp: Expected Q1 earnings of C$2.81 per share Loblaw Companies Ltd: Expected Q1 earnings of 52 Canadian cents per share Lundin Gold Inc: Expected Q1 earnings of $1.13 per share Lundin Mining Corp: Expected Q1 earnings of 30 cents per share Nutrien Ltd: Expected Q1 earnings of 53 cents per share OceanaGold Corp: Expected Q1 earnings of $1.17 per share OR Royalties Inc: Expected Q1 earnings of 46 Canadian cents per share Restaurant Brands International Inc: Expected Q1 earnings of 82 cents per share Sprott Inc: Expected Q1 earnings of 96 cents per share Stella-Jones Inc: Expected Q1 earnings of C$1.20 per share Strathcona Resources Ltd: Expected Q1 earnings of 76 Canadian cents per share Sun Life Financial Inc: Expected Q1 earnings of C$1.89 per share Tamarack Valley Energy Ltd: Expected Q1 earnings of 14 Canadian cents per share Taseko Mines Ltd: Expected Q1 earnings of 12 Canadian cents per share Torex Gold Resources Inc: Expected Q1 earnings of $1.45 per share Tourmaline Oil Corp: Expected Q1 earnings of 94 Canadian cents per share TransAlta Corp: Expected Q1 earnings of 6 Canadian cents per share Vermilion Energy Inc: Expected Q1 earnings of 29 Canadian cents per share WSP Global Inc: Expected Q1 earnings of C$2.07 per share
World Markets
Euro STOXX 50 futures were up 52 points at 5,890, FTSE futures added 119 points to 10,338.5, German DAX futures gained 163 points to 24,650, by 0430 GMT.
Stocks leapt and the dollar dropped in the Asian morning after U.S. President Donald Trump touted "great progress" towards a "final agreement" with Tehran, while momentum in AI-driven trades accelerated.
Oil prices fell on expectations bottled-up supply from the key Middle East producing region could resume flowing after U.S. President Donald Trump indicated a possible peace deal may be reached to end the war with Iran.
The S&P 500 and Nasdaq notched record high closes on Tuesday, lifted by Intel and other AI-related stocks, as a U.S.-Iran ceasefire held firm and investors focused on strong quarterly earnings.
The dollar retreated against most major currencies after the U.S. signalled it may be nearing a deal with Iran, while the yen continued to drift weaker toward levels that have previously drawn intervention from Tokyo.
U.S. Treasury yields fell on Tuesday, along with a decline in crude prices as there were no fresh signs of escalation in the U.S.-Iran war, offering a respite to recent inflation worries while investors assessed a batch of economic data.
Gold prices rose, buoyed by a weaker dollar, while lower oil prices eased inflation fears on hopes of a peace deal between the U.S. and Iran.
S&P 500 Index Mini Futures: 7,308.50; up 0.29%; 21.25 points DJIA Mini Futures: 49,537; up 0.25%; 122 points MSCI Asia, Ex-JP: 870.27; up 2.8%; 23.67 points EUR/USD: $1.1732; up 0.33%; 0.0039 point GBP/USD: $1.3583; up 0.31%; 0.0041 point USD/JPY: 155.86 yen; down 1.30%; 2.02 points Spot Gold: $4,647.86; up 2.02%; $91.82 U.S. Crude: $100.36; down 1.87%; $1.91 Brent Crude: $107.96; down 1.74%; $1.91 10-Yr U.S. Treasury Yield: 4.4261%; up 0.010 point 10-Yr Bund Yield: 3.0630%; down 0.007 point
US
World Markets are higher as a potential peace agreement between the United States and Iran is lifting risk appetite and pushing Wall Street futures higher. Easing geopolitical tensions, coupled with continued optimism around artificial intelligence, helped support the upbeat investor mood.
Advanced Micro Devices Inc, Intel Corp, & Qualcomm Inc: U.S. semiconductor stocks rose on as Advanced Micro Devices' strong outlook boosted investor confidence about sustained demand for AI infrastructure and that a shift toward CPUs would spur the next leg of spending. Central processing units have taken center stage as companies and businesses gravitate towards agentic AI - systems that perform autonomous functions - broadening demand beyond graphics processing units, or GPUs, that are used to train large models. Like rivals Nvidia and Intel, AMD late on Tuesday said a shift toward "inference," where AI models are deployed in real-world applications, is opening up fresh opportunities for its server CPUs. The company now expects the server CPU addressable market to grow by more than 35% annually through 2030, up from a prior forecast of 18%. "AMD story is no longer just about having a GPU pipeline to challenge Nvidia... It's increasingly about a broader compute opportunity, with CPUs and GPUs both playing a role as AI workloads become more demanding," said Matt Britzman, senior equity analyst at Hargreaves Lansdown.
Arista Networks Inc: The company topped Wall Street estimates for the first quarter and forecast second-quarter results slightly ahead of estimates on Tuesday, but the beat fell short of investors' elevated expectations after a sharp rally in the networking equipment maker's shares. For the quarter ended March 31, Arista's revenue was $2.71 billion, beating analysts' estimates of $2.61 billion, according to data compiled by LSEG. It earned 87 cents per share on an adjusted basis during the quarter, compared with 81 cents per share a year earlier. "The market is used to strong beats from Arista, and today, we don’t think the beat and full-year guidance raise was enough for the market. We suspect investors were pricing in a stronger guide, and thus the shares are selling off," said William D. Kerwin, senior analyst at Morningstar.
Blue Owl Capital Inc: Stack Infrastructure, a data centre firm owned by Blue Owl Capital, is considering its options, including a sale of its Asia operations in a deal valued at more than $30 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. The potential sale comes after Blue Owl told investors in April that it was limiting withdrawals from two of its funds after a historic level of redemption requests came in for the first quarter.
Devon Energy Corp: The company missed Wall Street expectations for first-quarter profit on Tuesday, hurt by lower U.S. natural gas prices. U.S. spot natural gas prices at the Waha Hub in the Permian Shale in West Texas have remained in negative territory for a record 61 days in a row as pipeline constraints trap gas in the Permian region, the nation's biggest oil-producing shale basin. Its average realized price for natural gas fell 32.2% to $1.68 per thousand cubic feet (Mcf). The Oklahoma City-based U.S. shale producer reported production of 387,000 barrels of oil per day for the three months ended March 31, down slightly from 388,000 bpd a year earlier.
EOG Resources Inc: The company beat first-quarter profit estimates on Tuesday, buoyed by higher output and stronger natural gas prices. Average realized prices for natural gas during the quarter was $3.76 per thousand cubic feet (Mcf), compared with $3.41 per Mcf a year earlier. Average natural gas volumes rose over 45%. The shale producer added that it will reallocate some capital for the rest of the year toward oil assets, while keeping its overall capital budget unchanged.
Gulfport Energy Corp: The company named Domenic Dell'Osso on Tuesday as the next chief executive of the U.S. natural gas-focused producer. The move, confirming news published by Reuters earlier in the day, comes three months after Dell'Osso left the CEO role at larger rival Expand Energy. Dell'Osso will assume the Gulfport job on May 28, according to a company statement. "Gulfport is incredibly well-positioned with a high-quality, deep and concentrated asset base adjacent to growing demand centers, a strong balance sheet and a talented team from top to bottom," Dell'Osso said in the statement.
Jacobs Solutions Inc: The engineering services provider on Tuesday lifted its forecast for annual profit, banking on strong demand for its data center infrastructure services. The rush to build data centers to run artificial intelligence technologies is benefiting firms such as Jacobs that provide planning, engineering and construction-management services. The Dallas, Texas-based company now expects 2026 adjusted per share profit between $7.10 and $7.35, the midpoint of which is above analysts' estimates of $7.16 per share, according to data compiled by LSEG. The company forecast 2026 adjusted net revenue to grow 8% to 10.5%.
Meta Platforms Inc: The company is building a highly personalized artificial intelligence assistant to carry out everyday tasks for its billions of users, the Financial Times reported on Tuesday, as the company faces investor scrutiny over its escalating AI spending. The social media giant is developing agentic tools, including an advanced digital assistant powered by its new Muse Spark AI model, the FT said, citing people familiar with the matter. The assistant is being tested internally by a group of staff and the goal was to develop a product similar to OpenClaw, according to the report.
PayPal Holdings Inc: The company’s new CEO Enrique Lores outlined a plan to streamline its organizational structure and reduce costs after the digital payments firm's first-quarter results left investors underwhelmed. The company's shares closed down 7.7% on Tuesday despite profit and revenue coming in above Wall Street expectations. PayPal said these initiatives would save about $1.5 billion over the next two to three years, adding it will reinvest that amount to drive new growth. "We view this print as a placeholder until the Board makes the call on a more definitive strategy in the coming weeks/months," Evercore ISI analysts said in a note. PayPal's revenue rose 7% to $8.35 billion, beating analysts' average estimate of $8.05 billion, according to data compiled by LSEG.
Super Micro Computer Inc: The company forecast fourth-quarter revenue and adjusted profit above Wall Street estimates on Tuesday, banking on robust demand for its artificial intelligence servers, sending its shares up 18% in extended trading. The projections will likely reassure investors following the U.S. Justice Department in March charging three people linked to the company for helping smuggle billions of dollars of AI chips to China. Super Micro projected fourth-quarter revenue in the range of $11 billion to $12.5 billion, compared with analysts' average estimate of $11.07 billion, according to data compiled by LSEG. The company expects adjusted profit per share in the range of 65 cents to 79 cents, above expectations of 55 cents.
Walt Disney Co: The company exceeded Wall Street's quarterly earnings estimates as streaming and theme park revenue rose, and new Chief Executive Josh D'Amaro reiterated that the company expected growth to accelerate in the second half of the fiscal year. The entertainment giant reported adjusted earnings-per-share of $1.57 and revenue of $25.2 billion for January through March. Analysts on average had expected adjusted EPS of $1.49 and revenue of $24.78 billion, according to LSEG. In a 10-page letter to shareholders, D'Amaro said he expected adjusted EPS growth for fiscal 2026, which ends in early October, to reach about 12%. The company had earlier projected growth for that period in the "double digits." He reiterated that Disney expects double-digit adjusted EPS growth for fiscal 2027. D'Amaro also said he planned to invest in entertainment content and theme park experiences and use technology to help increase revenue from storytelling, among other initiatives. "We see a significant opportunity to engage and entertain our fans more deeply in both digital and physical environments," he said.
ECONOMIC DATA 0815 ADP national employment for April : Expected 99,000; Prior 62,000
Europe / Asia
Trump said on Tuesday he would briefly pause an operation to help escort ships through the Strait of Hormuz, citing "great progress" toward a comprehensive agreement with Iran.
The market capitalisation of Samsung Electronics' common stock surpassed $1 trillion making it the second Asian company after TSMC to reach the milestone.
German Chancellor Friedrich Merz stuck with his centre-left coalition partners despite weeks of wrangling over tax, welfare and health reforms that have raised growing questions over the future of his government.
Equinor reported a bigger-than-expected rise in first-quarter profits, lifted by higher output and as oil and gas prices soared in March due to the war in the Middle East.
German defence contractor Hensoldt reported higher first quarter revenue, as orders to equip infantry fighting vehicles and contract extensions for the Eurofighter Mk1 kicked in.
Germany's Fresenius missed analysts' revenue expectations, hit by adverse currency exchange effects, as it reported first-quarter results.
ECONOMIC DATA (GMT) 0645 France Industrial Output MM for March: Expected 0.5%; Prior -0.7% 0750 France HCOB Services PMI for April: Expected 46.5; Prior 46.5 0750 France HCOB Composite PMI for April: Expected 47.6; Prior 47.6 0755 Germany HCOB Services PMI for April: Expected 46.9; Prior 46.9 0755 Germany HCOB Composite Final PMI for April: Expected 48.3; Prior 48.3 0830 United Kingdom S&P Global Service PMI for April: Expected 52.0; Prior 52.0 0830 United Kingdom S&P Global PMI Composite PMI for April: Expected 52.0; Prior 52.0 0830 United Kingdom Reserve Assets Total for April: Prior 230.29 bln GBP
