Author: TSX Stocks

Marimaca Copper Announces Proposed US$17.7 Million Non-Brokered Private Placement


Marimaca Copper Announces Proposed US$17.7 Million Non-Brokered Private Placement – Toronto Stock Exchange News Today – EIN Presswire




















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BriaCell Announces Virtual Investor Presentations on Thursday, June 12 and Thursday, June 26


BriaCell Announces Virtual Investor Presentations on Thursday, June 12 and Thursday, June 26 – Toronto Stock Exchange News Today – EIN Presswire




















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ISC Launches Normal Course Issuer Bid


ISC Launches Normal Course Issuer Bid – Toronto Stock Exchange News Today – EIN Presswire




















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Eldorado Gold Announces Election of Directors and Results from the 2025 Annual and Special Meeting of Shareholders


Eldorado Gold Announces Election of Directors and Results from the 2025 Annual and Special Meeting of Shareholders – Toronto Stock Exchange News Today – EIN Presswire




















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Digit Life Insurance FY25 revenue crosses Rs 1,300 crore in first full year of operations

Mumbai: Go Digit Life Insurance Limited (Digit Life), a new-age life insurance company, said its revenue (total gross written premium including reinsurance inward) crossed Rs 1,315.9 crore in FY 2024-25 compared to Rs 492.5 crore in the year-ago period.

The company settled claims worth Rs2.88 billion in FY 2024-25 with most claims (worth Rs1.97 billion) being paid under the Group Term Life Insurance category. Digit Life’s average TAT of death claims settlement too, improved to 1.89 days during the year from 2 days in FY 23-24 with its claims settlement ratio for the same period hitting 99.53%.Digit Life shared the key figures as part of the second edition of its Transparency Report, a bi-annual exercise where it goes beyond mandatory disclosures and shares various data-led insights and stories.

“We are encouraged by the response we have received in the last one year. We now have a robust portfolio of both retail and group products and will look to expand both segments equally in the coming years. We as a company will continue to focus on simplifying life insurance products and improving trust levels in the ecosystem—with the transparency report both as our report card and trust promise,” Sabyasachi Sarkar, MD & CEO, Digit Life, said.

The company said it has developed a fully automated and secure verification process to identify and check declaration matches and built advanced face matching technology to verify the identity of its customers. It has also developed a claim document classification service that uses an intelligent process to quickly sort claims documents.
Digit Life Insurance has served 6.7 million customers since its inception and now has over 4,000 agents and intermediaries. Its Solvency Ratio currently stands at 3.85.
Oben Ventures LLP (promoted by Kamesh Goyal) and FAL Corporation (having Fairfax Financial Holdings Limited as its ultimate parent company) are the promoters of Digit Life Insurance. Fairfax Financial Holdings Limited is listed on the Toronto Stock Exchange in Canada.

Bitcoin-focused Matador Technologies lists on Frankfurt Stock Exchange

Matador Technologies Inc. announced on Tuesday that it has begun trading on the Frankfurt Stock Exchange under the ticker “IU3,” adding a key European listing to its existing U.S. and Canadian markets.

The listing supports Matador’s goal of offering near round-the-clock trading access to its shares globally, a structure modeled after the 24/7 availability of Bitcoin (BTC). 

With the addition of Europe, investors in three major regions can now trade Matador stock in their local time zones.

“This listing completes a key part of our global capital markets strategy,” said CEO Deven Soni. “It enables European investors to participate more easily in our growth story.”

Bitcoin-backed treasury

Matador, which brands itself as a Bitcoin Ecosystem Company, focuses on building a Bitcoin-backed treasury and fintech platform.

It joins a growing cohort of public companies aligned with Bitcoin, such as Japan’s Metaplanet and U.S.-based MicroStrategy, which have integrated Bitcoin into their financial strategies.

The company’s approach aims to leverage Bitcoin’s qualities as a reserve asset, and the expanded listings may help Matador attract a broader investor base while enhancing liquidity.

Interest from corporations in digital assets is increasing, with more and more public companies allocating Bitcoin to their balance sheets, according to a recent report from Binance. 

Last week, Trump Media and Technology Group closed a $2.44 billion private placement with approximately 50 institutional investors, aiming to establish one of the largest Bitcoin treasuries among publicly traded U.S. companies.  

Shares of Matador will continue to trade on the TSX Venture Exchange under “MATA,” the OTCQB under “MATAF,” and now the Frankfurt Stock Exchange under “IU3.”

The 2024 profit of Exxon-led Consortium in Guyana increased 64% to $10.4 Billion

Exxon Mobil, Hess, and CNOOC, a trio of oil producers in Guyana, posted a 64% increase in profit in 2024 to $10.4 billion. This was due to the fact that facility upgrades allowed for sustained production growth.

Guyana, a South American nation, has been a profitable operation due to its rapid production expansion, low taxes and royalties, and the relatively low amount of government revenue.

Guyana, along with its neighbors who share the same oil basin, is expected to be one of the last frontiers in the world for oil exploration.

Exxon reported in January that it expects to earn $33,46 billion by 2024. Of this, $4.7 billion will come from Guyana.

Hess profit in Guyana grew from $1.9 billion to $3.1 billion, and CNOOC profit increased from $1.5 billion to $2.5 billion.

Government figures show that the consortium’s oil production rose by 3% on an annual basis to 631,00 barrels of crude per day during the first quarter. The output is expected to exceed 900,000 barrels per day once the companies finish installing a fourth vessel which arrived in the country’s waters in Feb.

The Guyana government recently revoked a license granted to a possible rival consortium headed by Frontera Energy, whose shares are listed on the Toronto Stock Exchange.

Exxon is planning to increase its natural gas supply in Guyana as the pressure on Guyana increases.

strategy

Earlier this year, executives from the company said that they needed to plan and develop supply and development of reserves.

Exxon announced that the consortium achieved a gross production volume of 652,000 barrels per day in the fourth quarter following updates to some of its floating installations. Exxon reported that the production capacity will reach 1.7 millions bpd in 2030.

Exxon said that the group’s expenses for Guyana increased by 42%, to $4.9 billion. This would result in a profit of $12.8 billion before taxes.

(source: Reuters)

Matador Technologies Inc. Announces Listing on the Frankfurt Stock Exchange


Matador Technologies Inc. Announces Listing on the Frankfurt Stock Exchange – Toronto Stock Exchange News Today – EIN Presswire




















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High Grade Ni/PGE Adjoining Globex’s Tyrone Property


High Grade Ni/PGE Adjoining Globex’s Tyrone Property – Toronto Stock Exchange News Today – EIN Presswire


















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Teck Provides Update on Chile Operations Maintenance


Teck Provides Update on Chile Operations Maintenance – Toronto Stock Exchange News Today – EIN Presswire




















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