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10 April 20265 Mins read

PRE-OPEN Canadian markets are higher,, supported by firm oil prices as uncertainty over the Strait of Hormuz persisted ahead of U.S.-Iran peace talks along with renewed concerns over supply risks from Saudi Arabia. Wall Street futures were subdued as investors stayed on the sidelines ahead of a closely watched U.S. inflation report, while also assessing the fragility of a truce in the Middle East.

Canada

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statistics Canada is due to release the March employment data. The economy is expected to have added 15,000 jobs, following a net loss of 83,900 in February. The unemployment rate is likely to have edged up to 6.8% from 6.7% in the previous month.


 

Artificial intelligence companies Cohere of Canada and Aleph Alpha of Germany are in talks to merge and have Berlin's support for a potential deal, newspaper Handelsblatt reported.


 

Bullion Gold Resources Corp. (TSXV: BGD) announce that it has successfully completed its diamond drilling program on the Langlade project, which is 100% owned by the Company and located in the Senneterre area of Quebec.

Drilling Program

The drilling campaign, totaling 1,771 meters across 11 holes, concluded in recent days. Core examinations confirm the visual presence of chalcopyrite (copper) and sphalerite (zinc) mineralization. Historical drilling data also indicates that gold and silver are generally associated with these minerals.

A marked scapolite alteration was also noted within feldspar and quartz veins. Beyond the presence of copper and zinc sulfides, the identification of scapolite as an alteration product in quartz-feldspar veins is a significant geological indicator suggesting intense hydrothermal processes, which are often associated with large-scale mineralization systems in this region.

The objectives of this program were to validate the continuity and thickness of mineralized horizons and to test lateral and depth extensions of the mineralization at the Langlade index. Assay results will confirm metal grades and guide the next phase of exploration on the project. The Company expects to receive these results within the next month.

"The visual observations from this campaign, particularly the association of chalcopyrite with scapolite alteration zones, are very encouraging," stated Mr. Guy Morissette, CEO of the Company. "These geological features will help us better understand the hydrothermal system present on the Langlade property."

Exploration Potential

Integrated interpretation of geophysical data indicates significant potential for the discovery of new mineralized zones, including lateral extensions of known mineralization along magnetic axes and structural repetitions related to folding and fold hinge zones, which are known to concentrate massive sulfides. Finally, the presence of conductive structural corridors conducive to mineralization accumulation offers high-priority targets.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291727


 

Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5I) a leader in real-time Digital Twin and Decision Intelligence software, today announced that its Western Australia-based business unit ("edgeTI WA") has secured its first contract valued at approximately AUD$1.75 million within its industrial maritime sector.

This milestone contract represents a significant validation of EdgeTI's strategic expansion into defense and industrial operations, where demand for real-time operational intelligence, predictive analytics, and integrated decision support continues to accelerate.

The awarded scope is for various programs including software development, integration, and ongoing maintenance and support services surrounding Maritime Acquisition Program Management.

"This contract is an important first step in realizing the strategic value of the Austal Transaction," said Jim Barrett, Executive Chair of edgeTI. "Austal's long-standing leadership in global shipbuilding and defense programs provided a strong foundation for EdgeTI to enter the maritime sector with credibility and domain expertise. We are now seeing that foundation translate into meaningful commercial outcomes.”

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291903


 

Goldstorm Metals Corp. (TSXV: GSTM) (FSE:B2U) announce a non-brokered private placement for aggregate gross proceeds of up to $4,000,000 (the "Offering"), consisting of the sale of any combination of (i) units (the "HDUnits") at a price of $0.20 per HD Unit; (ii) flow through units (the "FT Units") at a price of $0.24 per FT Unit; and (iii) charity flow through units (the "Charity FT Units") at a price of $0.31 per Charity FT Unit.

Each HD Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.30 per Common Share for a period of 36 months following the closing of the Offering.

Each FT Unit and Charity FT Unit will be comprised of one Common Share to be issued as a "flow-through share" (each, a "FT Share") within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") and one-half of one Warrant to be issued on a non-flow through basis. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291898


 

 

Japan Gold Corp. (TSXV: JG)(OTCQB: JGLDF) announce a non-brokered private placement of unsecured convertible debentures (the "Debenture") for gross proceeds of US$1,000,000 (CDN$1,390,700) (the "Offering") to Equinox Partners Investment Management, LLC ("Equinox"), a strategic investor and major shareholder of the Company.

The Debenture will mature on the date that is three years from the date of issuance (the "Maturity Date"). The Debenture will bear interest at a rate of 10% per annum (non-compounded), accruing daily but payable, in cash, only at the Maturity Date, on the occurrence of an Event of Default or upon an early redemption. The Company will have the right, at its option, to make an early redemption in cash of all or any part of the principal amount together with payment of any accrued but unpaid interest. In addition, the Company will have the right, at its election, to satisfy its obligation to pay cash to the Debenture holder through the delivery of common shares of the Company ("Shares") in lieu of cash, at a price per share which equals the greater of: (i) the most recent Market Price of the Shares on the TSX Venture Exchange on the date that the accrued interest becomes payable; (ii) $0.11; and (iii) a price per security or conversion price of debt securities in a Future Financing Event

 

Kobo Resources Inc. (TSXV: KRI) announces that it has extended the closing of its previously announced non-brokered private placement of up to 16,504,128 common shares of the Company ("Common Shares") at a price of $0.335 per Common Share for gross proceeds of up to $5,528,882.89 (the "Offering"), originally announced on March 23, 2026. The Company has received subscription agreements with respect to the Offering and now expects to close the Offering on the week of April 13, 2026.

As disclosed previously, the Company intends to use the net proceeds of the Offering to advance ongoing drilling and exploration at the Kossou Gold Project ("Kossou"), initiate drilling at the Kotobi Permit and for general corporate and working capital purposes.  

Visit www.koboresources.com.


 

Loyalist Exploration Limited (CSE: PNGC) announce the appointment of Bob Bresee, C.E.T., as Vice President of Operations.

Mr. Bresee is a Certified Engineering Technologist and a graduate of the Haileybury School of Mines. With more than 45 years of hands-on experience in the mining industry and as a long-time resident of Timmins, Ontario, he brings extensive operational and technical expertise to the role. Bob began his career at the bottom of the ladder in 1975 as a miner, shift boss trainee, and spare shift boss at Kerr Addison Gold Mines Ltd. in Virginiatown, Ontario, and has steadily worked his way up through progressively senior roles in engineering, project management, and operations leadership. Bob will continue as a director of the Company.


 

Nouveau Monde Graphite Inc. (TSX: NOU) Italy's Eni has agreed to acquire a minority stake in natural graphite producer Nouveau Monde Graphite for $70 million, giving it access to a critical material used in battery storage and other energy transition technologies. The investment in the Canadian company will allow the Italian energy group to enter the critical minerals value chain at a time when European companies are seeking to reduce their dependence on materials sourced from China. The transaction will also give Eni the option to negotiate exclusive supply agreements for graphite and other materials to support its gigafactory initiative to produce stationary lithium batteries in southern Italy.


 

Québec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) announce that its U.S. affiliate, Orvian Natural Resources LLC ("Orvian"), has received registration from the Minnesota Department of Natural Resources ("DNR") authorizing the Company to initiate exploratory subsurface boring activities in the State of Minnesota.

The registration enables Orvian to formally advance subsurface exploration activities across its Minnesota land position, including areas within the Duluth Complex and Mesabi Iron Range, where the Company has previously secured exploration rights through state-issued Regional Geological Resource Allocation ("RGRA") township grants.

CEO Commentary

"The receipt of Orvian's registration from the Minnesota DNR marks an important milestone in advancing our U.S. exploration strategy," said John Karagiannidis, Chief Executive Officer of QIMC. "The RGRA allocations provided us with access to a large, contiguous land position in a favorable geological environment. With this registration in place, we can now move systematically from data integration to field validation and subsurface testing. Minnesota has the scale, geological characteristics, and infrastructure to support a meaningful component of our North American exploration portfolio.”

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291900


 

Silicon Metals Corp. (CSE: SI) (OTC Pink: SLCNF) (FSE: X6U) announce that it has appointed Mr. Aeron Kawakami to its board of directors and the Audit Committee of the Company. Mr. Kawakami has over a decade of experience in institutional finance as well as early stage public companies. Mr. Kawakami is a former Director of Quebec Innovative Materials Corp. (QIMC), and former CFO and Director of Tarachi Gold Corp. He currently holds a financial management role with RBC Wealth Management. He is a CFA charterholder and a member of the CFA Society Vancouver.


 

Super Copper Corp. (CSE: CUPR) (OTCQB: CUPPF) (FSE: N60) report the induced polarization ("IP") survey at the Cordillera Cobre Project near Copiapo, Chile has defined a kilometre-scale potential sulphide corridor characterized by strong, coherent chargeability responses. The responses extend over a minimum 800 metres (m) of strike and approximately 400 m in vertical extent. Integration of the new geophysical data with newly sampled historical diamond drill core confirms that copper mineralization occurs along the margins of the system, while the highest-intensity chargeability core at depth remains entirely untested.

Zachary Dolesky, CEO of Super Copper, commented: "Historical drilling returned up to 1.6% copper from what we now understand was only the edge of this system. The IP data has shown us where the heart of it is, and it has never been tested. Our upcoming drill program is designed to go directly into the core of these targets for the first time, and we expect to be drilling soon."


 

Walker Lane Resources Ltd. (TSXV: WLR) (Frankfurt: 6YL) announces that the Management Cease Trade Order ("MCTO") grated on January 29, 2026 by the BC Securities Commission ("BCSC"), as principal regulator for the Company, has now expired and the BCSC has issued a failure-to-file case trade order (the "FFCTO") to the Company under Multilateral Instrument 11-103 - Failure-To-File Cease Trade Orders In Multiple Jurisdictions, prohibiting the trading in or the purchasing of any securities of the Company by any person or company in Canada, including trades in the Company's common shares made through the TSX Venture Exchange (the "TSXV"), except in accordance with the following conditions: a beneficial securityholder of the Company who is not, and was not at the date of the FFCTO an insider or control person of the Company, may sell securities of the Company acquired before the date of March 31, 2026 if both of the following apply: (a) the sale is made through a "foreign organized regulated market", as defined in section 1.1 of the Universal Market Integrity Rules of the Canadian Investment Regulatory Organization; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2026/09/c6929.html


ECONOMIC DATA
0830 Average hourly wages permanent employee YY for March: Prior 4.20%
0830 Employment change for March: Expected 15,000; Prior -83,900
0830 Unemployment rate for March: Expected 6.8%; Prior 6.7%
0830 Full time employment change SA for March: Prior -108,400
0830 Part time employment change SA for March: Prior 24,500
0830 Participation rate for March: Prior 64.9%

World Markets

 

 

Euro STOXX 50 futures were up 38 points at 5,858, FTSE futures added 20 points to 10,618, German DAX futures gained 160 points at 24,098, by 0430 GMT.

Japan's Nikkei surged and was on track for its sharpest weekly gain in eight months, as optimism over corporate earnings and technology investment outweighed concerns about a fragile ceasefire in the Middle East.

Oil prices climbed, driven by fresh anxiety over supplies from Saudi Arabia and as tanker traffic through the critical Strait of Hormuz remained largely frozen.

 

U.S. stocks advanced on Thursday, as ongoing negotiations toward a peaceful resolution to the six-week Middle East conflict helped ease worries over the fragile U.S.-Iran truce.

 

The dollar was heading for its largest weekly drop since January as other currencies gained on optimism that a ceasefire in the Gulf will hold and oil shipping will resume.

 

U.S. Treasury yields were slightly lower on Thursday after a flurry of economic data in choppy trading, moving off earlier highs as investors gauged whether a long-standing truce in the Middle East could be achieved.

 

Gold prices edged lower as the dollar firmed, but the metal remained on course for a third consecutive weekly gain as renewed U.S.-Iran ceasefire optimism softened inflation fears and expectations for higher U.S. interest rates.

S&P 500 Index Mini Futures: 6,863.75; up 0.01%; 0.5 point
DJIA Mini Futures: 48,362.00; down 0.11%; 54 points
Nikkei: 56,947.77; up 1.88%; 1052.45 points
MSCI Asia, Ex-JP: 791.79; up 1.01%; 7.89 points
EUR/USD: $1.1694; down 0.06%; 0.0006 point
GBP/USD: $1.3423; down 0.10%; 0.0013 point
USD/JPY: 159.20 yen; up 0.15%; 0.23 point
Spot Gold: $4,761.49; down 0.04%; $2.13
U.S. Crude: $98.33; up 0.47%; $0.46
Brent Crude: $96.51; up 0.62%; $0.59
10-Yr U.S. Treasury Yield: 4.2932%; flat
10-Yr Bund Yield: 3.0060%; down 0.004 point

 
 
 

 


 

 

US

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Futures are flat as investors stayed on the sidelines ahead of a closely watched U.S. inflation report, while also assessing the fragility of a truce in the Middle East. A March reading of the Consumer Prices Index (CPI), due later in the day, will be in focus. Consumer prices are expected to have risen 3.3% year on year, marking their biggest increase in nearly four years and potentially further dampening expectations for interest rate cuts from the Federal Reserve this year. Markets will also watch a preliminary reading of the University of Michigan’s April consumer sentiment survey after the open.

Abbott Laboratories: A jury in Chicago on Thursday said Abbott Laboratories must pay $53 million in compensatory damages to a group of families that had accused the company of failing to warn that its formula for premature infants can cause a potentially deadly bowel disease, according to the Chicago Tribune. The verdict came at the end of a lengthy trial in Cook County circuit court, the latest among hundreds of lawsuits alleging that Abbott's cow's milk-based formula products for preterm infants can cause necrotizing enterocolitis, or NEC. Four families’ lawsuits were consolidated for trial.

Amgen Inc: The company's lung cancer drug tarlatamab has won approval from China's National Medical Products Administration, its development and commercialisation partner BeOne Medicines said on WeChat. The drug is a targeted immunotherapy for adults in the extensive-stage of hard-to-treat small cell lung cancer that has worsened despite chemotherapy. The U.S. drugmaker sells tarlatamab in its home market under the name Imdelltra. It is part of Amgen's pipeline of bispecific antibodies designed to attach to a cancer cell and an immune cell, bringing them together so that the body's immune system can kill the cancer.

ConocoPhillips: The company said on Thursday it is sending a small evaluation team to Venezuela this week to evaluate oil and gas opportunities. The U.S. oil producer left the South American country in 2007 after its assets there were nationalized. The company is owed about $12 billion with interest following arbitration awards stemming from the expropriations. ConocoPhillips said it will evaluate potential new Venezuela investments as it works to collect what it is owed. U.S. President Donald Trump has urged oil firms to spend billions and rebuild Venezuela's energy sector after American forces removed President Nicolas Maduro in January.

EOG Resources Inc: The company on Thursday raised its outlook for first-quarter 2026 current tax expense to between $500 million and $600 million. The oil and gas producer said the higher tax outlook reflected stronger crude prices realized in the first quarter and expected for the full year, driven by the conflict in the Middle East. EOG had earlier forecast its current tax expense in the range of $230 million to $330 million.

EQT Corp: The company and Glencore have each agreed to buy an additional 1 million metric tons per annum of liquefied natural gas from Commonwealth LNG under 20-year contracts, a regulatory filing seen by Reuters showed, moving the U.S. exporter closer to a final investment decision. Commonwealth said on Wednesday it had sold enough of the export capacity from its 9.5 mtpa Louisiana project to seek financing but did not disclose the buyers of the final volumes. “With commercialization finalized, the launch of the financing process with lenders is set to begin as the company advances the project toward a final investment decision anticipated in the coming weeks,” Commonwealth said.

Meta Platforms Inc: The company said on Thursday it is pulling ads from Facebook and Instagram aimed at recruiting new plaintiffs for ongoing litigation accusing it and other social media companies of designing their platforms to be addictive to young users. Meta spokesperson Andy Stone said the company is actively defending itself against the lawsuits, which include thousands of cases in both state and federal courts in California, and is removing the ads. Separately, the company is drafting top software engineers from across the company into a new AI engineering organization created last month, according to an internal memo seen by Reuters, part of a reorganization of its workforce in preparation for layoffs.

USA Rare Earth Inc: The company is considering building a magnet plant in France, its CEO said on Thursday, after agreeing to pay $47 million for a stake in French rare earth processing firm Carester. The United States and Europe are rushing to establish domestic supplies of rare earths, which are vital for the green energy transition, electronics and the defence sector, and cut their dependence on top producer China. As part of its drive to establish an integrated rare earths operation comprising mining, processing and magnet making, USA Rare Earth will buy a 12.5% stake in Carester, which is building a processing plant in southern France, the company said.

ECONOMIC DATA
0830 Core CPI MM, SA for March: Expected 0.3%; Prior 0.2%
0830 Core CPI YY, NSA for March: Expected 2.7%; Prior 2.5%
0830 CPI MM, SA for March: Expected 0.9%; Prior 0.3%
0830 CPI YY, NSA for March: Expected 3.3%; Prior 2.4%
1000 Factory orders MM for Feb: Expected -0.2%; Prior 0.1%
1000 U Mich Sentiment Preliminary for April: Expected 52.0; Prior 53.3
1000 U Mich Conditions Preliminary for April: Prior 55.8
1000 U Mich Expectations Preliminary for April: Prior 51.7
1000 U Mich 1-year Inflation Preliminary for April: Prior 3.8%
1000 U Mich 5-year Inflation Preliminary for April: Prior 3.2%
1400 Federal budget for March: Expected -$153.75 bln; Prior -$308.00 bln

Europe / Asia

 

A fragile two-week ceasefire between the U.S. and Iran showed further strain, a day before they are to negotiate in Pakistan, as Washington accused Tehran of breaching promises on the Strait of Hormuz and Israel struck Lebanon with attacks that Iran has claimed violate the truce.

China's factory-gate prices rose for the first time in more than three years in March, in an early sign that the war in Iran is feeding cost pressures into the world’s second-largest economy.

Trump, upset at NATO allies' failure to help secure the Strait of Hormuz and angry that his plans to acquire Greenland have not advanced, has discussed with advisers the option of removing some U.S. troops from Europe, a senior White House official told Reuters on Thursday.

Volkswagen said on Thursday it will end production of the ID.4 electric SUV out of its Tennessee plant this month, citing a challenging time for the U.S. electric vehicle market.

Italy's Treasury is proposing to reappoint Claudio Descalzi at the helm of state-controlled energy group Eni for a fifth term, it said on Thursday.

Italy on Thursday proposed to appoint Lorenzo Mariani as the new chief executive of defence group Leonardo, replacing Roberto Cingolani, a Treasury statement said, confirming an earlier Reuters report.

ECONOMIC DATA (GMT)
0600 Germany CPI Final MM for March: Expected 1.1%; Prior 1.1%
0600 Germany CPI Final YY for March: Expected 2.7%; Prior 2.7%
0600 Germany HICP Final MM for March: Expected 1.2%; Prior 1.2%
0600 Germany HICP Final YY for March: Expected 2.8%; Prior 2.8%
0600 Germany CPI Final NSA for March: Prior 123.1
1200 Germany Current Account - Balance NSA for Feb: Prior 17.100 bln EUR

Source (but not limited to) AP, CNBC, Dow Jones, Financial Post, Financial Times, Globe & Mail, KITCO, LSEG, Thomson Reuters, Refinitiv.

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