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Daily Newsletter
05 May 20265 Mins read

PRE-OPEN Canadian markets look to a higher open as oil prices eased, even as renewed tensions in the Middle East threatened an already fragile truce. On the economic front, investors await trade balance figures for March.

Canada

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Canadian government announced a C$1 billion loan program for industries impacted by U.S. tariffs. The program will be available to industries that manufacture and export products containing steel, aluminum or copper, Industry Minister Melanie Joly said.
 


 

Adyton Resources Corporation (TSXV: ADY) report the discovery of a new high-grade gold zone within the existing resource, from its 2025 infill drill program at the Gameta Gold development Project (50/50 JV), located on Fergusson Island in Papua New Guinea (PNG).

The 2025 program included 4201 meters of largely infill drilling for a total of 36 diamond core holes. Drilling focused on areas within the existing deposit to better define and expand known mineralization. Prior to this drilling, the Gameta Project's Mineral Resource Estimate (MRE) contained approximately 4.0 million tonnes (Mt) @ 1.33 g/t Au for 173 koz gold (indicated), and 10.5 Mt @ 1.01 g/t Au for 340 koz gold (inferred), within a conceptual open-pit shell.

Hole GMDH009 returned 28.56 g/t Au over 12.0m starting from 146m downhole. This is the highest-grade intercept ever recorded by Adyton to date and highlights the presence of high-grade zones within the broader deposit. This result, along with other strong intercepts reported in this release, demonstrates the potential to enhance the overall grade of the planned open- pit at Gameta. These higher-grade zones could positively impact the upcoming Feasibility Study being advanced by Adyton and its JV partner EVIH.

KEY HIGHLIGHTS

Final assays from the 2025 infill drill program highlight the presence of locally high-grade zones at Gameta including the project's best intercept to date of 12m @28.56 g/t Au returning 342 g-m.

Significant intercepts include:

GMDH009 12m @ 28.56g/t Au from 146 m downhole

GMDH008 13m @ 3.84g/t Au from 98 m downhole

GMDH021 16m @ 2.2.07g/t Au from 51 m downhole

GMDH010 6m @ 2.69g/t Au from 114 m downhole

GMDH005 13m @ 1.88g/t Au from 49 m downhole

GMDH013 13m @1.37g/t Au from 105 m downhole

GMDH005 14m @1.05 g/t Au from 94 m downhole

Several holes also intersected near surface mineralization with solid grades including hole GMDH001 with 9m @ 1.08g/t Au and hole GMDH002 6m @ 1.22g/t Au

These infill drill results have exceeded the Company's expectations and are expected to support an updated MRE, with several intersections returning grades above those reflected in the current model. The results may also support the conversion of a significant portion of the inferred resource to the indicated category.

"I am very pleased with these results, which have exceeded our expectations and highlight the strength of the Gameta Project," said Tim Crossley, Adyton CEO. "The project combines solid grades, near surface mineralisation, and favourable logistics, including access for barge transport to support envisioned development and concentrate shipment to end markets. We are now focused on advancing Gameta alongside the Wapolu Project, accelerating toward feasibility and permitting, with the goal of developing Gameta into a second production asset. Our vision for these projects is to unlock near-term cash flow through a disciplined Direct Ship concentrate strategy, while establishing a scalable foundation for long-term growth and value creation across the portfolio."

"We are encouraged by the assay results at Gameta and, together with Adyton, plan to advance the project through MRE finalisation, Feasibility Studies, and permitting. Subject to permitting timelines, we are targeting a potential start of operations in the first half of 2028," said Gary Wang, EVIH CEO.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295948


 

Bullion Gold Resources Corp.(TSXV: BGD) announce assay results from the first two diamond drill holes (LAN-26-27 and LAN-26-28) of its 2026 drilling program on the Langlade project, located approximately 110 km east of Senneterre, Québec. The results confirm the presence of significant copper, zinc, and silver mineralization.

Simon Britt, president and CEO: "DDH LAN-26-28 successfully confirms the lateral continuity of the Langlade showing, with a 9.5 m interval grading 1.01% copper and 2.42% zinc. These results will enable the technical team to define the geometry of the mineralization and refine the evaluation of in-situ resources. The next DDHs (LAN-26-29 to LAN-26-36) targeted the north-northeast limb of the same structure. Their results are expected in the coming weeks."

Geological Setting and Mineralization

In DDH LAN-26-27, mineralization is primarily hosted in a high-grade metamorphic calc-silicate rock with diopside-garnet (48.2 m to 65.2 m), with sulphides occurring in semi-massive form (15% to 25%).

DDH LAN-26-28 intersected an even more extensive mineralized zone, including a 9.5 metres interval grading 2.31% CuEq. This zone is characterized by very high zinc grades (greater than 2.4%) and copper grades (1.0%). Geological observations indicate 25% to 40% sulphides (Py + Sp + Po + Cp) occurring in clots and semi-massive zones. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295868


 

Altrova Health Inc. (CSE: ROVA) (OTCQB: SSPLF) (FSE: QM4)  announced the introduction of O-Spray™, a needle-free sublingual oral spray dosage format designed as an alternative to self-injection, pill, and syringe-based administration. O-Spray is positioned across current and future therapeutic areas including weight management, erectile dysfunction, menopause-related care, and other indications where an oral spray format may be appropriate.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295895


 

Deep Sea Minerals Corp. (CSE: SEAS) (OTCQB: DSEAF) (FSE: X450) a subsea mineral exploration and development company focused on advancing critical mineral opportunities from the deep ocean, is pleased to recap its participation at the Export-Import Bank of the United States (EXIM) 2026 Annual Conference, held April 29 -- 30, in Washington, DC.

Deep Sea Minerals attended the conference as a Silver Sponsor, joining policymakers, industry leaders, exporters, and financial institutions in discussions centered on strengthening U.S. competitiveness, securing critical supply chains, and advancing domestic industrial capacity.

A central theme throughout the conference was the accelerating push toward reindustrialization of the United States, with a strong emphasis on policy-aligned development of domestic, greenfield critical minerals processing facilities. Discussions highlighted the broad economic impact of such projects, including the revitalization of supporting infrastructure such as rail and port networks, as well as the importance of long-term workforce development to sustain industrial growth. Company's website:  https://www.deepseamineralscorp.com


 

FireFox Gold Corp. (TSXV: FFOX)(OTCQB:FFOXF) report additional assay results and observations from the ongoing drill program at the Company's 100%-held Mustajärvi Gold Project in Lapland, Finland. In this release, FireFox is reporting results from the Northeast and East Zones, as well as the Mustajärvi West target.

Drill hole 26MJ005 at the Northeast Zone tested for deeper extensions of a high-grade gold zone (first reported in 2021) and intersected 11.0 metres at 4.9 g/t gold from 301.5 metres downhole. The hole also hit several other lower grade intervals, opening the southern and deeper parts of the Northeast Zone for more follow-up drilling.

In step-out drilling at the East Zone, drill hole 26MJ004 extended the zone by 50 metres to the northeast with intercepts such as 3.0 metres at 1.51 g/t gold, 4.3 metres at 1.5 g/t gold, and 3.2 metres at 1.12 g/t gold - all from less than 100 metres depth. The Company added three more holes with narrow lower grade intercepts from grid drilling on the south side of the East Zone.

FireFox drilling has also moved into the gap between the East and Northeast Zones, where two holes have just been logged, sampled, and sent for assay. Company geologists have documented the presence of visible gold at a depth of 112.3 metres in one of these holes (26MJ012). In 26MJ010, the drill encountered semi-massive to massive pyrite mineralized quartz breccia over 6.0 metres beginning immediately below thin glacial overburden. Such quartz-pyrite breccias commonly contain significant gold at the Mustajärvi project. The Company cautions, however, that assays are not yet available for these intervals, so there can be no assurance of significant gold mineralization in these two drill holes. View the original press release on ACCESS Newswire.


 

GoldQuest Mining Corp. (TSXV: GQC) The Dominican Republic's President Luis Abinader ordered on Monday the suspension of any activity related to GoldQuest Mining's gold and copper project, after thousands of people protested over environmental concerns. The Romero Project, in San Juan province, is being developed by Canada's GoldQuest, which said earlier on Monday it recognized the demonstrations and was committed to transparent development. Thousands of people took to the streets to protest on Sunday, walking about 20 kilometers through San Juan to reach the Sabaneta Dam, a key water source that they fear could be threatened by the mine. "When citizens express worries and concerns, our duty is to act with caution and transparency," Abinader said. Exploratory concessions were granted in 2005, but the project has yet to receive a permit for exploitation, he added.


 

Headwater Gold Inc. (CSE: HWG) (OTCQX: HWAUF)  announce it has acquired the Jupiter Project (“Jupiter” or the “Project”) through claim staking. The Project is a 100%-owned and royalty free district-scale epithermal gold project located on Bureau of Land Management (“BLM”) land in Nye County, Nevada.

The Project comprises 352 unpatented lode mining claims covering approximately 7,000 acres (2,800 hectares) and encompasses a large, well-preserved hydrothermal alteration system within the Walker Lane belt. The Project represents a large, underexplored epithermal system with demonstrated gold mineralization that has not previously been evaluated as a cohesive exploration target.

Caleb Stroup, President and CEO of the Company, states: “Jupiter is exactly the type of opportunity we look for: a large, metal-bearing hydrothermal system in Nevada where previous work demonstrated the presence of gold but failed to recognize the scale and coherence of the system. Historical drilling confirmed the presence of gold mineralization, including 9.1 metres grading 1.1 grams per tonne gold associated with illite alteration, but that work was never followed up in the context of the broader mineral system. By compiling and integrating historical data with modern alteration mapping, geochemistry and structural interpretation, we now see a clear picture of a district-scale epithermal system with multiple structurally controlled targets which are untested at depth. We have secured a dominant land position across the full alteration footprint and have a clear path to systematically advance the Project.”


 

Hypercharge Networks Corp. (TSXV: HC, OTC: HCNWF) a leading, smart electric vehicle (EV) charging solutions provider and network operator, is pleased to announce that it has acquired charge point operator, Eddie, from AXSO, pursuant to an asset purchase agreement, with ownership effective May 1, 2026.

Launched by AXSO in April 2024, Eddie is an EV energy management system and charging network operator designed in Québec and in use across Canada, serving multi-unit residential buildings, public, and commercial applications.

The acquisition strengthens Hypercharge’s presence in one of the most EV-friendly regions in Canada, the province of Québec, which accounts for over 50% of all Canadian zero-emission vehicle sales. The Company is acquiring the Eddie brand together with customer contracts, customer relationships, brand assets, certain related intellectual property, and other operating assets that support continuity of the business.


 

Nevada King Gold Corp. (TSXV: NKG) (OTCQB: NKGFF) announce that, further to its news release dated April 10, 2026 and pursuant to the provisions of the Business Corporations Act (British Columbia) and the articles of the Company, the board of directors of the Company has approved and the Company intends to effect the consolidation of all of the issued and outstanding common shares of the Company (the "Common Shares") on the basis of one (1) new Common Share for every five (5) currently issued and outstanding Common Shares (the "Consolidation").

John Sclodnick, CEO of Nevada King commented: "This strategic consolidation is a key step in Nevada King's evolution to a more institutional capital structure. By optimizing our share count and increasing our share price, we are effectively removing barriers that have previously prevented some institutional investors from owning our shares. Following our recent C$16.3 million financing and the doubling of our Phase 4 drill program to 40,000 metres, this move ensures that our capital structure is as robust as our exploration pipeline, improving our ability to create long-term shareholder value."


 

Nuvau Minerals Inc. (TSXV: NMC) announce that, further to its news release dated March 2, 2026, it has satisfied its post-closing payment under the second amended and restated earn-agreement dated January 28, 2026 (the "Earn-In Agreement") among the Company, Nuvau Minerals Corp. and Glencore Canada Corporation ("Glencore"), pursuant to which the Company acquired (the "Earn-In Transaction") from Glencore its interest in certain properties comprising the Matagami mining camp (collectively, the "Property"), located in the Abitibi region of central Québec, Canada.

In satisfaction of the aggregate payment of $10,000,000 to Glencore under the Earn-In Agreement, the Company: (i) paid $5,000,000 in cash, and (ii) issued 6,325,910 common shares in the capital of the Corporation (the "Payment Shares") at a deemed issue price of $0.7904 per Payment Share for the remaining $5,000,000.

The issuance of the Payment Shares was subject to final acceptance of the TSX Venture Exchange. The Payment Shares are subject to a four-month and one day hold period under applicable Canadian securities laws.

For more information regarding the Earn-In Transaction, please refer to the Earn-In Agreement, a copy of which has been filed and is available on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295745


 

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF)  a global cybersecurity services and solutions provider, announces three new Critical Services contracts totaling CAD$1.31 million with a major global semiconductor manufacturer.

The engagements further extend an established relationship with the customer and demonstrate Plurilock's ability to deliver specialized security operations for mission-critical organizations.

The contracts include engineering and support services for the customer's security operations center (SOC) and strategic enhancements to the customer's data loss prevention platform.

As with prior contracts, Plurilock expects fulfillment costs and gross margin profiles to remain consistent with historical performance as disclosed in its latest MD&A. Further details with respect to the terms of the contract are subject to confidentiality and non-disclosure.


 

PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) a leader in North American energy infrastructure development and asset ownership, is pleased to announce that the 4.99 MW Battery Energy Storage System ("BESS") project in Cramahe, Ontario, also known as BESS SFF 06 (the "Project"), has reached Commercial Operation and commenced revenue producing operations.

"Reaching commercial operation on BESS SFF 06 is a deeply meaningful milestone for our team," said Dr. Richard Lu, CEO of PowerBank Corporation. "Battery energy storage is a critical pillar of a resilient, renewable grid — and this project proves that the technology, the contracts, and the partnerships are in place to deliver. We look forward to bringing more of our pipeline online as we continue building the clean energy infrastructure North America needs."

"BESS SFF 06 represents the engineering and operational excellence our team brings to every project," said Andrew van Doorn, P. Eng, President & Chief Operating Officer of PowerBank Corporation. "With over 30 years of experience delivering renewable energy infrastructure, I know firsthand that moments like this — a fully commissioned BESS project helping power the Ontario grid — are the result of years of disciplined execution."


 

Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) report strong results from its recently completed Phase 2 surface exploration program at the La Union Project in Sonora, Mexico. The program has successfully expanded known mineralized zones, identified multiple new high-priority targets, and materially advanced the project toward a fully funded drill campaign scheduled for early summer 2026.

Recent work, conducted in partnership with Riverside Resources, included systematic mapping, channel sampling, and district-scale structural interpretation, positioning La Union as an emerging, drill-ready polymetallic system with significant scale potential.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295803


 

Scorpio Gold Corp.(TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) results from two step-out holes of the Phase Two drill program at the Manhattan District Project ("Manhattan"), Nevada, USA: 26MN-067 through 26MN-068, see Figure 1. The results are tabulated in Table 1 and discussed below. Scorpio Gold has drilled 76 drill holes to date from its Phase Two diamond drilling program, 25MN-011 through 25MN-045, 26MN-046 through 26MN-086, for a grand total of 21,939 m. With the results herein, Scorpio Gold has reported assays on 58 of these (25MN-011 through 25MN-045 and 26MN-046 through 26MN-068), totalling 18,668 m, and assays are pending from 18 holes (26MN-069 through 26MN-086), totalling 3,271 m. The pending results will be reported as they become available.

"These results continue to reinforce both the grade tenor and the emerging structural continuity along the Zanzibar Trend, with high-grade intervals such as 455.52 g/t gold over 0.49 metres within broader mineralized zones highlighting the strength of the system. The presence of multiple high-grade intercepts throughout the hole gives us increasing confidence that we are intersecting a wide and consistently mineralized structure, rather than isolated zones, which is critical as we evaluate the overall scale potential of the trend. With each successive hole, we are building confidence in our geological model and improving our understanding of the controls on mineralization along this system," said Harrison Pokrandt, VP Exploration for Scorpio Gold.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295926


 

Silver Viper Minerals Corp. (TSXV: VIPR; OTCQX:VIPRF) closed its previously announced acquisition of the Coneto Silver-Gold Project (“Coneto” or the “Coneto Project”) located in Durango, Mexico (the “Acquisition”) from Fresnillo plc (“Fresnillo”) and Orex Minerals Inc. (TSX-V: REX) (“Orex”, together with Fresnillo, the “Vendors”).

“Closing the Coneto acquisition marks an important milestone for Silver Viper, and we are particularly pleased to welcome Fresnillo as a shareholder. Their involvement underscores the strength of the project and aligns with our strategy of advancing high-quality assets alongside credible industry participants.” said Steve Cope, Silver Viper’s CEO.

Pursuant to the Acquisition, Silver Viper acquired all of the outstanding shares of the corporate joint venture which currently holds the Coneto Project. Silver Viper issued an aggregate of 25,531,875 common shares to the Vendors (the “VIPR Shares”) in satisfaction of the US$15 million purchase price (C$20,425,500), each VIPR Share at a deemed price of C$0.80 per share. The VIPR Shares issued on closing of the Acquisition are subject to a statutory 4-month hold period under applicable Canadian securities laws.

In connection with closing, Fresnillo and Silver Viper have entered into an investor rights agreement providing customary anti-dilution rights for Fresnillo, a copy of which will be available under the Company’s profile on SEDAR+.

Silver Viper is also pleased to announce the appointment of Ruben Alvidrez, Director of Projects and Board Member at Luca Mining Corp., to the Company’s Board of Directors. Mr. Alvidrez brings extensive leadership and operational experience in the mining and financial sectors. Prior to joining the mining industry, Mr. Alvidrez spent over 26 years with Citigroup, serving as Senior Vice President of Corporate Operations for Mexico and Latin America. His background combines deep expertise in corporate governance, operations management, and strategic finance.


 

South Bow Corp, Cenovus Energy Incorporation & Canadian Natural Resources Ltd: 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. The Alberta-to-Wyoming pipeline, proposed by Canadian pipeline company South Bow Corp and its U.S. partner Bridger Pipeline, could increase Canada's crude exports to the U.S. by more than 12% if it goes ahead, bringing much-needed pipeline takeaway capacity to Canada. U.S. President Donald Trump last Thursday signed an order granting a cross-border permit to the project. Top shippers that have committed to move oil on the pipeline include Cenovus Energy and Canadian Natural Resources Ltd, one of the sources said. Others include Tamarack Valley, Whitecap Resources, and Strathcona Resources, the source added.


 

StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) announce initial assay results from its Spring 2026 drill program on the Hercules Gold Project located in Nevada's prolific Walker Lane. The drill program has been completed with 29 holes totaling 3,918m being drilled. The goal of the program is to provide sufficient data for a maiden resource estimate, anticipated to be delivered by Q4 2026.

Michael G. Allen, President and CEO of StrikePoint said, "From this initial batch of results, drilling continues to show the near surface, predictable nature of the mineralization at Hercules. Hole H260011 showed significant high grade mineralization on the southern end of the Hercules Target. It may represent a new high grade corridor for further follow up drilling, while H26014 showed more than 60 meters (200 feet) of continuous gold mineralization at the Cliffs target.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295661


 

Titiminas Silver Inc. (TSXV: TITI) announce that its Board of Directors has approved a corporate reorganization of its flagship Madre Sierra silver project in central Peru, together with an amendment (the "New Amendment") to the share purchase option agreement (the "SPOA") governing the Company's option to acquire 100% of the project. The Board has also authorized the registration of the three 1% net smelter return royalties (the "NSRs") granted under the SPOA against the underlying mining concessions in the Peruvian Public Registry.

Corporate Reorganization of the Madre Sierra Project

The reorganization allocates the 18 mining concessions that comprise the Madre Sierra project (totaling 7,561 hectares) across three Peruvian companies ("sociedades anónimas cerradas" or "SACs")-- CMRL and two additional Peruvian companies (the "New Peruvian Companies"), each holding a discrete portfolio of concessions. This structure is designed to optimize the operational, permitting and tax management of the Madre Sierra project under the Peruvian regulatory framework, and is expected to allow two of the three operating vehicles to operate under Peru's small-scale mining regime (Pequeño Productor Minero, or "PPM"), enabling the advancement of the exploration program under the DIA permitting framework. The structure has been reviewed with Peruvian counsel and is consistent with applicable mining legislation.


 

Walker Lane Resources Ltd. (TSXV: WLR) (Frankfurt: 6YL) announces that it has changed its auditor from Manning Elliott, LLP, (the "Former Auditor") to Davidson & Company LLP (the "Successor Auditor"). The audit committee of the Company (the "Audit Committee") recommended that the Company change its auditor from Manning Elliott LLP (the "Former Auditor") to Davidson & Company LLP (the "Successor Auditor"). The Company and the Former Auditor both mutually agreed to part ways.

The Board of Directors considered the recommendation of the Audit Committee and appointed the Successor Auditor as the auditor of the Company, effective as of April 14, 2026, to hold office until the next annual meeting of shareholders of the Company. There were no reservations, modified opinions or reportable events (as defined in National Instrument 51-102) in connection with each of the Former Auditor's audit of the Company which occurred prior to their resignation as auditors of the Company; and the Notice of Change of Auditor was approved by the Company's board of directors.

In accordance with National Instrument 51-102, the Notice of Change of Auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed by the audit committee and the board of directors and have been filed on SEDAR+.

Walker Lane Resources has received written notice from Coeur Mining that Coeur intends to terminate the Silverknife Property Option Agreement as of May 24, 2026. The termination of the Silverknife Option reflects Coeur's renewed focus on the Silvertip Mine itself.

"On behalf of Walker Lane, I would like to thank Coeur and the Coeur Silvertip team for the high quality of work that was conducted at Silverknife and we wish them the best in their progress at Silvertip," stated Kevin Brewer, President and CEO. "Coeur's work included a property wise airborne radiometric and electromagnetic survey that served to verify large zones of exploration prospectivity and also completed a LIDAR survey that has many practical uses for project planning and implementation.” View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2026/04/c0414.html


 

Xali Gold Corp. (TSXV: XGC) announce that it has engaged GEADES, a leading Peruvian environmental and social consulting firm, to support the Company’s environmental protection activities in Peru, including the completion of baseline studies required for the Ficha Técnica Ambiental Drilling Permit (“FTA”) on its Pico Machay Gold Project (“Pico Machay” or the “Project”). Field work will be conducted from May 5 to 11, and the FTA is expected to be submitted to the DGAAM (General Directorate of Mining Environmental Affairs) of MINEM (Ministry of Energy and Mines in Peru) in June 2026.

“We have chosen to work with GEADES as they have extensive in-country experience in environmental permitting and regulatory compliance and have worked on a wide range of mining projects, from early-stage exploration to advanced development stages,” stated Joanne Freeze, President and CEO of Xali Gold. “GEADES has provided services to a number of well-known international mining companies in Peru including Anglo American, Teck Peru, Lundin Mining, Iamgold Peru, Bear Creek Mining, Mitsui Mining & Smelting CO, and many others. We are very pleased to be working with GEADES as they bring a strong track record of supporting mining and exploration companies across Peru, and are well regarded for their technical capabilities and deep understanding of Peru’s regulatory framework.”


 

Zodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19), a West African gold exploration company, is pleased to announce the commencement of a high-resolution drone magnetic and LiDAR survey over its flagship 16km Arthington-Youth Camp trend (Map 1). This survey is a key step in advancing the Company's 2026 exploration program and unlocking district-scale potential at its Todi Gold Project.

David Kol, President & CEO, commented: "We've already made a discovery at Arthington, now we're scaling it. This program is about turning that discovery into a repeatable model across 16 kilometers. That's how you move from a single discovery to a district-scale gold system, and that's where real value is created. This survey will give us the data to target smarter, drill more efficiently, and accelerate resource growth."

The Arthington discovery has already demonstrated exceptional consistency, with gold intersected in 37 of 39 drill holes. This survey is designed to identify the geophysical signature of that discovery and to search for zones with similar characteristics across the broader trend, significantly enhancing targeting and accelerating the conversion of exploration success into resource growth. By integrating high-resolution magnetics with LiDAR, Zodiac Gold will map the structural controls on mineralization, including key shears, faults, and lithological contacts, while generating a detailed digital terrain model to support both targeting and mineral resource estimation. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295691


 

ECONOMIC DATA
0815 Reserve assets total for April: Prior 126,755 mln
0830 Exports for March: Prior C$66.31 bln
0830 Imports for March: Prior C$72.05 bln
0830 Trade balance for March: Expected -C$2.88 bln; Prior -C$5.74 bln

COMPANY REPORTS
Cameco Corp: Expected Q1 earnings of 38 Canadian cents per share
Colliers International Group Inc: Expected Q1 earnings of 95 cents per share
Curaleaf Holdings Inc: Expected Q1 loss of 8 cents per share
DPM Metals Inc: Expected Q1 earnings of 90 cents per share
iA Financial Corporation Inc: Expected Q1 earnings of C$3.30 per share
IAMGOLD Corp: Expected Q1 earnings of 53 cents per share
Intact Financial Corp: Expected Q1 earnings of C$4.05 per share
International Petroleum Corp: Expected Q1 earnings of 2 cents per share
Pan American Silver Corp: Expected Q1 earnings of 86 cents per share
Russel Metals Inc: Expected Q1 earnings of 78 Canadian cents per share
Shopify Inc: Expected Q1 earnings of 33 cents per share
Sienna Senior Living Inc: Expected Q1 earnings of 34 Canadian cents per share
SSR Mining Inc: Expected Q1 earnings of 86 cents per share
Suncor Energy Inc (Canada): Expected Q1 earnings of C$1.79 per share
Thomson Reuters Corp: Expected Q1 earnings of $1.20 per share
Topaz Energy Corp: Expected Q1 earnings of 28 Canadian cents per share
Triple Flag Precious Metals Corp: Expected Q1 earnings of 43 cents per share

World Markets

 

Euro STOXX 50 futures were down 15 points at 5,714, FTSE futures lost 111 points to 10,268.5, German DAX futures dropped 97 points to 24,027, by 0430 GMT.

Stocks in Asia slid while oil prices eased but remained well above $100 a barrel, as the U.S. and Iran continue to work towards a truce while at the same time trading blows over the Strait of Hormuz.

Oil prices eased on signs the U.S. Navy is loosening Iran's grip on the Strait of Hormuz, potentially opening up supply from the Middle East.

 

Wall Street ended lower on Monday, with the S&P 500 retreating from record highs, after a South Korean ship was hit by an explosion in the Strait of Hormuz and Tehran demonstrated its grip on Middle East oil, dampening optimism about strong first-quarter earnings reports.


The yen was steady amid lingering market nerves after suspected intervention by Tokyo last week sparked sharp gains in recent sessions, while the U.S. dollar firmed on safe-haven demand as the Middle East war weighed on sentiment.

 

U.S. Treasury yields jumped on Monday with the benchmark 10-year yield on track for its biggest daily rise in nearly six weeks, after Iran attacks on the United Arab Emirates and in the Strait of Hormuz lifted crude prices and fanned concerns about inflation.

 

Gold prices were largely steady, as investors weighed the economic fallout of escalating tensions in the Middle East amid stalled peace talks between the U.S. and Iran.


S&P 500 Index Mini Futures: 7,239.75; up 0.13%; 9.5 points
DJIA Mini Futures: 49,125; up 0.09%; 46 points
MSCI Asia, Ex-JP: 843.03; down 0.56%; 4.75 points
EUR/USD: $1.1684; down 0.07%; 0.0008 point
GBP/USD: $1.3523; down 0.07%; 0.0009 point
USD/JPY: 157.27 yen; up 0.03%; 0.04 point
Spot Gold: $4,531.28; up 0.24%; $10.88
U.S. Crude: $104.02; down 2.26%; $2.40
Brent Crude: $112.92; down 1.33%; $1.52
10-Yr U.S. Treasury Yield: 4.4321%; down -0.014 point
10-Yr Bund Yield: 3.0790%; down 0.002 point

 
 
 
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US

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. futures are higher, signaling a recovery in equities though renewed tensions in the Middle East threatened to upend a fragile truce after the U.S. and Iran exchanged fire in the Gulf.

On the economic front, investors await the Labor Department’s latest Job Openings and Labor Turnover Survey (JOLTS) report for fresh clues about the health of the U.S. labor market. Commentary from Federal Reserve officials Michael Barr and Michelle Bowman are also on the radar. Meanwhile, corporate earnings were set to provide another test of sentiment, with results due from heavyweights such as AMD, KKR, Pfizer and PayPal.

American Airlines Group Inc & United Airlines Holdings Inc: The head of American Airlines' pilots union told members that United Airlines CEO Scott Kirby's merger idea showed the kind of "bold vision" the carrier needs, even as the union stopped short of endorsing a tie-up between the two airlines. In an email to pilots on Monday, seen by Reuters, Allied Pilots Association President Nick Silva said Kirby's vision could be "transformative" for passengers, communities and American Airlines pilots. Silva's message shows how Kirby's rejected proposal has become a new pressure point inside American. APA is not backing a merger, but its president is using the idea to argue that American needs a more ambitious strategy and stronger leadership to close the gap with rivals.

Archer-Daniels-Midland Co: The company raised its forecast for full-year adjusted profit and beat quarterly earnings estimates, citing a strong oilseed processing outlook and the removal of uncertainty that had weighed on results in recent quarters following the U.S. biofuel mandate announcement. ADM posted an adjusted profit of 71 cents per share for the three months ended March 31, compared with analysts' average estimate of 66 cents, according to data compiled by LSEG.

Apple Inc & Intel Corp: The iPhone maker has held exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices, Bloomberg News reported on Monday, citing people familiar with the deliberations. Apple executives have made visits to a Samsung plant under development in Texas and, separately, also held preliminary talks with Intel about enlisting the company's chipmaking services, Bloomberg reported.

Diamondback Energy Inc: The U.S. shale producer raised its annual production forecast on Monday, after beating Wall Street expectations for first-quarter profit on a rally in oil prices. "We believe there is a legitimate supply-demand imbalance and that the associated price signal is the catalyst to begin to grow production," said CEO Kaes Van't Hof. Although Diamondback's operations are based in the U.S., the company benefits from higher commodity prices. Its realized price for each barrel of oil produced came in 3.5% higher at $72.53. Diamondback now expects to produce over 972,000 barrels of oil equivalent per day in 2026, compared with its prior projection of 926,000 to 962,000 boepd.

DuPont de Nemours Inc: The industrial materials maker raised its annual forecast for adjusted profit and sales after beating first-quarter earnings estimates, driven by price hikes and gains from the sale of its Kevlar-producing Aramids business. "Our full-year net sales guidance now assumes about 4% organic growth, including about 1% of pricing due to actions taken to fully offset higher input costs related to the Middle East conflict," said Chief Financial Officer Antonella Franzen. DuPont raised its 2026 adjusted earnings forecast to between $2.35 and $2.40 per share, from its previous range of $2.25 to $2.30 per share. It now expects annual net sales of $7.16 billion to $7.26 billion, compared with its prior forecast of $7.08 billion to $7.14 billion.

Lattice Semiconductor Corp: The company will acquire AMI in a $1.65 billion deal, it said on Monday, as the chipmaker looks to expand into the software and artificial intelligence management space. "AMI's expertise in firmware and infrastructure for cloud and AI is a natural extension of our portfolio, deepening our role in system-level security, manageability, and control," said Lattice CEO Ford Tamer. Under the deal, Lattice will acquire AMI for $1 billion in cash and around $650 million in shares. AMI is expected to generate over $200 million in revenue in 2026. The deal is expected to close in the third quarter of this year.

Palantir Technologies Inc: The company raised its annual revenue forecast and beat estimates for quarterly results on Monday, a sign of growing demand for its data analytics software from the U.S. government and commercial clients. Palantir's Maven AI system, a command-and-control software platform that analyzes battlefield data and identifies targets, is set to become an official program of record for the Pentagon, locking in long-term use across the U.S. military. The company now expects fiscal 2026 revenue to be between $7.65 billion and $7.66 billion, compared with its prior expectations of $7.18 billion to $7.20 billion.

Paramount Skydance Corp: The company’s pre-tax earnings rose in the first quarter, the company said on Monday, as streamlined operations and improved results in its streaming and studios businesses helped offset declines in television. The results are the first since the media giant struck a $110 billion deal to acquire Warner Bros Discovery, aiming to expand its scale in film and television by tapping into Warner's deep library of movies and series. First-quarter adjusted earnings before interest, taxes, depreciation, and amortization were $1.16 billion, up 59% from a year ago, lifted by the Paramount-Skydance merger. For the first quarter, the company reported an adjusted profit of 23 cents per share, compared with estimates of 15 cents.

Williams Companies  Inc: The U.S. pipeline operator surpassed Wall Street expectations for first-quarter profit on Monday, helped by higher service revenue as the company expanded capacity amid increasing demand for natural gas. The Tulsa, Oklahoma-based firm has spent the last year positioning itself as a leading energy provider to companies building out artificial intelligence infrastructure, supplementing its traditional pipeline business with new power-generation capabilities. During the quarter, the company upsized the Power Express project on the Transco pipeline, increasing its capacity to 750 million cubic feet per day, a major expansion of the network to address energy demands from the growing data center market in Virginia. Williams' service revenue rose to $2.21 billion during the first quarter from $2 billion a year earlier, also benefiting from Transco's higher net rates.

ECONOMIC DATA
0800 Build permits R number for March : Prior 1.372 mln
0800 Build permits R change mm for March : Prior -10.8%
0830 International trade for March : Expected -$60.9 bln; Prior -$57.3 bln
0830 Goods trade balance (R) for March : Prior -$87.87 bln
0945 S&P Global Composite PMI Final for April : Prior 52.0
0945 S&P Global Services PMI Final for April : Prior 51.3
1000 ISM N-Manufacturing PMI for April : Expected 53.7; Prior 54.0
1000 ISM N-Manufacturing Business Activity for April : Prior 53.9
1000 ISM N-Manufacturing Employment Index for April : Prior 45.2
1000 ISM N-Manufacturing New Orders Index for April : Prior 60.6
1000 ISM N-Manufacturing Price Paid Index for April : Prior 70.7
1000 New home sales-units for March : Expected 0.650 mln; Prior 0.587 mln
1000 New home sales change mm for March : Prior -17.6%
1000 JOLTS job openings for March : Expected 6.835 mln ; Prior 6.882 mln

Europe / Asia

 

The U.S. and Iran launched new attacks in the Gulf on Monday as they wrestled for control over the Strait of Hormuz with duelling maritime blockades, shaking a fragile truce.

President Vladimir Putin on Monday declared a two-day ceasefire in the conflict with Ukraine on May 8-9 to mark Russia’s World War Two victory, but Ukrainian President Volodymyr Zelenskiy countered with his own proposed pause in fighting starting earlier, on the night of May 5‑6.

New registrations of Tesla vehicles extended their recovery in several European markets in April, more than doubling in Sweden, France and Denmark while rising in the Netherlands but falling sharply in Norway, Portugal, Italy and Spain.

HSBC Holdings reported flat first-quarter profit on rising charges brought about by higher credit loss in the UK and provisions for Middle East conflict, saying it expects further credit loss for the year as the outlook worsens

Sabadell said its first-quarter net profit fell 29% from the same period in 2025 due to lower fees and lending income and higher costs as the focus shifts towards its standalone strategy following the sale of its British unit TSB.

Hong Kong conglomerate CK Hutchison said its telecoms unit has agreed to a buyout of its 49% stake in UK mobile operator VodafoneThree, for 4.3 billion pounds.

ECONOMIC DATA (GMT)
0645 France Budget Balance for March: Prior -32.12 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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