Canada

Canada's unemployment rate rose to a six-month high in April to 6.9% as the economy lost a net 17,700 jobs, Statistics Canada data showed indicating continued weakness in a labor market that has struggled in the face of U.S. tariffs and trade uncertainty.
 

Oil majors are bracing for prolonged turbulence in energy markets, which should curb any temptation to ramp up spending after the Iran war. The biggest fear now is not missing the next rally, but being on the wrong side of the inevitable retreat.

 

First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) announces that President & CEO Tyrone Docherty and PyroDelta Energy’s Head Engineer Michael Abdelmaseh will attend and present at the Commodities Global Expo Florida 2026, held May 20-22, at the Four Seasons Hotel in Fort Lauderdale. Mr. Docherty will also be a member of the conference’s Critical Metals Panel.

Commodities Global Expo, presented by Top Shelf Partners, is an exclusive investment conference focused on the commodities, mining, and energy sectors. The conference brings together accredited investors, fund managers and company executives for one-on-one meetings, CEO presentations, and high-level networking opportunities.

“This is a first-class event that we have participated in before with great success,” said Docherty. “I look forward to presenting the First Tellurium and PyroDelta opportunities and being a part of the Critical Metals panel discussion.” FTEL and its projects can be found at www.firsttellurium.com.

Lomiko Metals Inc. (TSXV: LMR, OTC: LMRMF, FSE: DH8C) announce that the Company has filed on SEDAR+ an independent technical report (the "Report") prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") supporting the results of a Pre-Feasibility Study ("PFS") for the development of its La Loutre Graphite Project in Quebec, Canada. The PFS was completed by DRA Americas Inc. (“DRA”) in accordance with NI 43-101, and the results of the PFS were previously reported in the Company's news release dated March 24^th, 2026, and there are no material differences in the Report from those results. The effective date of the Report is March 24^th, 2026.

The Report supporting the PFS for the La Loutre Graphite Project with a pre-tax NPV of CA$797.5 M with 30.3% IRR; after-tax NPV of CA$617.4 M with 24.7% IRR at US$1,524/t Cg can be consulted on the Company’s profile on SEDAR+ (www.sedarplus.ca).

The Project has probable mineral reserves prepared in accordance with NI 43-101 using a 1.50% Cg cut-off grade of 46.8 Mt at an average grade of 4.79% Cg for a contained in-situ graphite quantity of 2.24 Mt.

Gordana Slepcev, CEO and director, Lomiko commented: “We are pleased to announce the filing of a positive Pre-Feasibility Study at our La Loutre natural flake graphite Project at SEDAR. La Loutre represents a major opportunity to contribute to the energy transition in Canada and North America. The engineering work completed to date defines the project footprint and resource base, resulting in the updated resources, declaration of reserves, development of project infrastructure, and design plans for the project with the aim of minimizing the footprint and creating a compact, environmentally responsible, and sustainable project while demonstrating the strong economic leverage the Project possesses, and clearly demonstrates the potential for La Loutre to be a large economic driver in southern Quebec and Canada with the mine life spanning for 28 years delivering hundreds of jobs and careers in the region, significant contracting opportunities for regional and Indigenous businesses and more than $4.7 billion in revenue, as well as generational opportunities for local residents and the Indigenous community in the area.

Lomiko will continue working with its partners in the MRC of Papineau region, including the local municipalities, as well as the surrounding First Nations community of Kitigan Zibi First Nation. We will also continue to work closely with the Quebec, Federal, and U.S. governments to advance the La Loutre Project.” View source version on businesswire.com: https://www.businesswire.com/news/home/20260508976534/en/

Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) announces its intention to complete a non-brokered private placement financing of up to 8,333,333 units of the Company (the "Units") at a price of C$0.18 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of up to approximately C$1,500,000 (the "Offering"). The Company has reserved the right to increase the size of the Offering by up to 25% of the size of the Offering, such that up to an additional 2,083,333 Units may be issued to raise additional gross proceeds of up to approximately C$375,000.

Each Unit will consist of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share (a "Warrant Share") at an exercise price of C$0.35 per Warrant Share for a period of 24 months following the closing of the Offering.

Barrick Mining Corp. (TSX: ABX) beat Wall Street estimates for first-quarter profit as higher gold prices made up for lower production. Gold prices hit record highs during the quarter on safe-haven demand and rate-cut bets, before easing after the U.S.–Israel conflict with Iran sparked a crude-led inflation scare, though prices stayed well above year-ago levels. Barrick's quarterly average realized price for gold was at $4,823 per ounce, compared with $2,898 per ounce the previous year. The company's production, however, fell to 719,000 ounces for the three months ended March 31 from 758,000 ounces a year earlier. The Canadian gold miner reported an adjusted first-quarter profit of 98 cents per share. Analysts on an average expected earnings of 78 cents per share, according to data compiled by LSEG.

Brunswick Exploration Inc. (TSXV: BRW, OTCQB: BRWXF) announce additional results from the 2026 winter drilling campaign at the Anatacau Main Project, located in the Eeyou Istchee-James Bay region of Quebec where the Company continues to intersect multiple new, large and well mineralized pegmatites to the east of the main Anais pegmatite.

Mr. Killian Charles, President and CEO of BRW, commented: “We are starting to define a major system at Anatacau Main. After demonstrating significant mineralization at Anais, our exploration holes to the east have provided us a first glimpse of the potential of the project as we continue to intercept multiple lithium-rich pegmatites. What is most striking at Anatacau is the strength of the mineralized fluids which formed these pegmatites. The drilling completed to date has encountered significant and pervasive lithium mineralization in the host rock surrounding the pegmatites indicating a well-formed system with further exploration upside as all the pegmatites identified to date are open in every direction.

Furthermore, as a first for BRW, almost all the pegmatites have returned very high cesium value indicating the potential for additional payable minerals at Anatacau. Metallurgical testwork will be initiated promptly to evaluate the recoverability of the cesium. This combination of large pegmatites enriched in both lithium and cesium compares very favorably to neighboring projects.”

Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF, FSE: 9I3) provide an exploration update on the Tipicancha epithermal-porphyry copper-gold target at its Sombrero Project in Peru. Geological mapping has defined a large hydrothermal alteration footprint containing locally developed advanced argillic cores, now extending over more than four kilometres (“km”), consistent with a district-scale hydrothermal framework with potential for a porphyry-related source at depth. Shallow excavation sampling has confirmed near-surface copper enrichment and further refined the continuity of the sulfide-rich hydrothermal horizon. Ongoing mapping increasingly defines vertical and lateral alteration zonation and structural controls which will inform the upcoming drill program.

Ivan Bebek, Chair and CEO of Coppernico, commented, “The partially outcropping Tipicancha target is emerging as one of our most compelling exploration targets at Sombrero, which we plan to drill test in the coming months. The strong correlation between surface sampling in areas of limited bedrock exposure, recent geophysical studies, and these latest results continues to strengthen our confidence in the near-surface continuity of the pyrite-copper horizon.”

Website: www.coppernicometals.com

Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO)(TSX‐V:EOG), the oil and gas exploration company focused on the offshore Atlantic Margins, announces that it has received a notice of exercise from the in respect of stock options over 600,000 common shares of no-par value each in the Company ("Common Shares") which belong to the late Colin Kinley Family Estate. The options were exercisable at a price of US$0.22 (CAD$0.30) per share and the Company has received proceeds of US$132,111 (CAD$180,000) in respect of the exercise. View the original press release on ACCESS Newswire

Fuerte Metals Corp. (TSXV: FMT) (OTCQB: FUEMF) announced several measures to strengthen the design, construction, operation, and governance of the Heap Leach Facility (HLF) at its proposed Coffee Gold Project in Canada's Yukon Territory. The Company has appointed a new Engineer of Record (EOR), established an Independent Technical Review Board (ITRB), applied for membership in the Mining Association of Canada (MAC) to adopt the Towards Sustainable Mining (TSM) protocols, and appointed Sébastian Tolgyesi as Vice President, Coffee Project, adding an experienced Yukon-based mining professional to the team.

"We recognize the deep cultural, environmental, and economic importance of the land and water surrounding the Coffee Gold Project to the Tr'ondëk Hwëch'in First Nation, White River First Nation, Selkirk First Nation, the First Nation of Na-Cho Nyäk Dun, and to all Yukoners. That responsibility guides every decision we make," said Tim Warman, CEO of Fuerte. "Our team is taking deliberate steps to strengthen how the Coffee Gold Project is designed, constructed, and operated. We are implementing multiple layers of independent technical review, enhancing oversight, and establishing clear lines of accountability across the project. In the aftermath of the Eagle Mine failure, we fully understand that the Coffee Gold Project will face heightened scrutiny. We welcome that scrutiny. It is essential that communities, regulators, and Indigenous partners have confidence that this project can be developed safely, responsibly, and transparently. Our commitment is straightforward: we will meet the highest standards of environmental protection, we will work in genuine partnership with First Nations, and we will ensure that the Coffee Gold Project reflects the values and expectations of the people who call this region home."

Union Power Metals Corporation (CSE: UPPR) announce the addition of Mr. Erez Ichilov as Senior Advisor and Mr. Alexander Ryabchenko as Vice President of Corporate Development to the team. The Company also announces that a total of 3,080,000 performance-vested stock options (the "Options") and 800,000 performance-vested restricted share units (the "RSUs") have been granted to certain directors, officers and consultants of the Company pursuant to the Company's equity incentive plan. The Options and RSUs are 100% performance-vested with no time-based vesting component and will vest only upon the Company achieving market capitalization and share price thresholds that represent meaningful value creation for shareholders.

COMPANY EARNINGS
Barrick Mining Corp: Expected Q1 earnings of 78 cents per share
Exchange Income Corp: Expected Q1 earnings of 36 Canadian cents per share
K92 Mining Inc: Expected Q1 earnings of 45 cents per share

World Markets

US

Alibaba Group Holding Ltd: The company is preparing to unveil the integration of its AI platform Qwen and online marketplace Taobao, a move that seeks to drive shopping with conversations rather than keyword searches, according to a source familiar with the decision. The move will enable consumers to browse, compare and purchase items via the Qwen app by chatting with the artificial intelligence agent, rather than manually navigating product listings. The Qwen app will have access to the entire Taobao and Tmall catalog of over 4 billion products, backed by a "skills library" capable of managing logistics and after-sales services. It will also offer shopping recommendations based on users' order history and shopping preferences.

Apollo Global Management Inc & MidCap Financial Investment Corp: The asset manager has held talks to sell MidCap Financial Investment, its publicly listed business development company focused on private credit, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Apollo values the fund, known as MFIC, and its portfolio at about $3 billion, the report added. According to the report, defaults in the fund jumped to 5.3% in the first quarter from 3.9% in December, and management has been using cash to repurchase shares this year because they traded at deep discounts to net asset value. The buyer for the fund would likely be another business development company (BDC), the report added, and said the buyer could use shares in its own fund to purchase MFIC.

Boeing Co: The company said on Friday it was continuing to investigate a workplace accident that led to the death of an employee last month, after a union called for full accountability over the incident. Daniel Lussier, a 53-year-old aircraft mechanic at Boeing and member of the International Association of Machinists and Aerospace Workers (IAM), died in April following an accident at the Wichita plant. "We continue to investigate last month's workplace accident...", a Boeing spokesperson said. The company said it continues to prioritize worker safety, including holding "dedicated safety stand downs" to review processes and improve workplace conditions.

Microsoft Corp: A data center site in East Africa has been delayed by disagreements with the Kenyan government over the company’s request for guaranteed payments, Bloomberg News reported on Sunday citing people familiar with the matter. In May 2024, Microsoft partnered with UAE-based AI firm G42 to invest $1 billion in a data center in Kenya as part of its efforts to expand cloud-computing services in East Africa. The project was announced during Kenyan President William Ruto’s state visit to Washington under the Biden administration. The facility was set to run entirely on geothermal power as well as provide access to Microsoft's Azure through a cloud region for East Africa. Microsoft and G42 asked the Kenyan government to commit to paying for a certain amount of capacity annually, but the talks broke down when it couldn’t provide the guarantees at the level Microsoft requested, the Bloomberg report said.

Nvidia Corp & Super Micro Computer Inc: Bangkok-based SiamAI said on Saturday it had not exported AI servers to China and that it complies with U.S. export and re-export control laws. The firm has faced allegations of circumventing exports of advanced chips from U.S. firms Super Micro Computer and Nvidia to China. "SiamAI has not engaged in the export of AI servers to China," it said in a statement. "SiamAI is committed to full adherence to all applicable U.S. export and re-export control laws and regulations," it said. U.S. prosecutors alleged at least $2.5 billion in U.S. AI technology was shipped to China, including more than $500 million shipped between April and mid-May 2025.

Palantir Technologies Inc: Britain's state-run National Health Service (NHS) is granting staff from companies including Palantir 'unlimited access' to identifiable patient data while working on its flagship data platform, the Financial Times reported, citing an internal briefing note. The change concerns the National Data Integration Tenant (NDIT), described as a "safe haven for data" before it is "pseudonymised" and shared with other systems, the report said. NHS England has agreed to create an "admin" role granting non-staff "unlimited access" to the NDIT and identifiable patient data, the FT added. The NDIT is housed under the Federated Data Platform, which links disparate NHS datasets into a single system. Palantir won a $448.4 million contract to develop the platform in 2023.

ECONOMIC DATA
1000 Employment Trends for April: Prior 105.72
1000 Existing home sales for April: Expected 4.05 mln; Prior 3.98 mln
1000 Existing home sales percentage change for April: Prior -3.6%

Europe / Asia

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