Category: Canada

Globex Options Bald Hill Antimony Property


Globex Options Bald Hill Antimony Property – Toronto Stock Exchange News Today – EIN Presswire




















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TMX Launches US Equity ATS

TMX Aims to Keep Retail Flow in Canada

TMX Group announced the launch of AlphaX™ US, a new US Alternative Trading System (ATS) venue, that is designed to create a trading environment with a focus on enhanced execution quality.

AlphaX US is the first venue expansion outside of Canada for TMX Group’s Markets division and it will trade US-listed securities only (Reg NMS). Participants will be FINRA-registered broker dealers.

“After continuous consultation with our clients, we are proud to introduce AlphaX US, a venue that is focused on execution performance, and provides innovation and ease to the broker dealer community,” said Heidi Fischer, President, TSX Alpha US. “There are several unique offerings within AlphaX US, and we have combined that functionality with a model that provides easy implementation, customization, and strong analytics for our partners. It’s through feedback and collaboration with our stakeholders that we  are able to deliver solutions that make markets better.”

“One of our top priorities is solving for the business needs of our clients,” said Luc Fortin, Global Head of Trading, TMX Group. “We are excited to embark on this next chapter of growth for TMX to build  upon.”

AlphaX US offers trading in all Regulation NMS common stock, exchange-traded funds and American depository receipts. The venue follows the U.S. equity market holiday calendar, and matches trades during regular U.S. market hours. AlphaX US allows order entry starting 60 minutes prior to the open and continuing throughout the trading day.

For more information about AlphaX US, please visit: us.tmxalphax.com.

Source: TMX

Press Release: Air Canada taps Lufthansa Systems ops solution

Press Release hub banner blue with title in red white and blueAir Canada has successfully implemented the next-generation airline operation solution NetLine/Ops ++ from Lufthansa Systems, enhancing its operational efficiency and capabilities. This strategic move empowers employees with advanced tools and delivers a superior customer experience.

Simultaneously, Lufthansa Systems migrated Air Canada’s solutions to the Global Aviation Cloud (GAC), a highly secure multi-cloud infrastructure environment. This migration allows Air Canada to leverage technological innovations from a leading cloud provider while focusing on its core business.

Building on a long-standing partnership, Air Canada and Lufthansa Systems continue to integrate state-of-the-art solutions that meet the evolving needs of modern air travel. As one of the oldest and largest customers of Lufthansa Systems outside the Lufthansa Group, Air Canada has significantly influenced the development of operational solutions.

“We are delighted to deepen our collaboration with Lufthansa Systems and are excited about the launch of NetLine/Ops ++. By integrating this advanced solution into our operations, we empower our employees with better tools and enhance our ability to make real-time decisions, ultimately benefiting our customers. We are also better equipped to implement future improvements, keeping Air Canada agile and competitive. The recent migrations have laid a strong foundation for our future cooperation, and the joint project team ensured a seamless transition,” said Kevin O’Connor, Senior Vice President of Global Airports and Operations Control at Air Canada.

Thomas Wittmann, CEO of Lufthansa Systems, explained, “Our partnership with Air Canada is built on the deep mutual trust we have earned over the past decades. As an important customer and reference in the American market, we are very pleased that Air Canada trusts our flight and ground operation solutions. We trust Air Canada to help us make our solutions even better and more tailored to the needs of the global airline community.”

Implementing NetLine/Ops ++ and other operational tools from Lufthansa Systems like Lido Flight 4D enables Air Canada to streamline operations, improve situational awareness, and enhance decision-making capabilities. Employees benefit from intuitive interfaces and robust functionalities that simplify complex tasks and increase productivity.

Customers will experience more efficient operations through improved punctuality and reliability. The advanced systems allow Air Canada to respond swiftly to operational challenges, minimizing disruptions and enhancing the travel experience.

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Air Canada’s commitment to leveraging advanced technologies underscores its dedication to providing exceptional service and maintaining its position as an industry leader. The strengthened partnership with Lufthansa Systems will facilitate continued innovation and growth.

About Air Canada

Air Canada is Canada’s largest airline and the largest provider of scheduled passenger services in the Canadian market, the Canada-U.S. transborder market and in the international market to and from Canada. They are a founding member of Star Alliance™, providing the world’s most comprehensive air transportation network. Air Canada’s predecessor, Trans-Canada Air Lines (TCA), inaugurated its first flight on September 1, 1937. The 50-minute flight aboard a Lockheed L-10A carried two passengers and mail between Vancouver and Seattle. By 1964, TCA had grown to become Canada’s national airline; it changed its name to Air Canada. The airline became fully privatized in 1989. Air Canada’s Class A variable voting shares and Class B voting shares are traded on the Toronto Stock Exchange under the single ticker symbol “AC” and on the OTCQX International Premier in the U.S. under the single ticker symbol “ACDVF”. Its corporate headquarters are located in Montreal.

About Lufthansa Systems

Lufthansa Systems GmbH, the leading airline IT provider, has been shaping the future of digital aviation for almost 30 years. Helping airlines unlock their full potential, the company combines profound industry know-how with advanced technological expertise. A subsidiary of the Lufthansa Group, the company offers its more than 350 customers worldwide a portfolio with often market-leading products that cover all airline business processes – on the flight deck, in the cabin, and on the ground. Lufthansa Systems is committed to improving its own environ-mental footprint and that of its airline customers of all sizes and business models. Headquartered in Raunheim near Frankfurt/Main, Germany, Lufthansa Systems employs around 3,000 people at its locations in 16 countries.

Featured image credited to Lufthansa Systems

Restaurant company MTY Food Group raising quarterly dividend by 18 per cent

MONTREAL — MTY Food Group Inc. is raising its quarterly dividend by 18 per cent.

The franchisor and operator of restaurants says it will now pay a quarterly dividend of 33 cents per share up from 28 cents.

Shares in the company behind many mall food court favourites will have an annual yield of about 2.7 per cent based on their closing price of $48.91 on the Toronto Stock Exchange on Tuesday.

MTY chief executive Eric Lefebvre says the increase reflects the company’s continued confidence in its financial strength and strategic growth initiatives.

The new rate will be payable on Feb. 14 to shareholders of record at the end of the business day on Feb. 4.

MTY has dozens of brands including Jugo Juice, Manchu Wok and Mr. Sub as well as Baton Rouge and Scores.

This report by The Canadian Press was first published Jan. 22, 2025.

Companies in this story: (TSX:MTY)

The Canadian Press

Paladin Energy Soars On Corporate Achievements, Trump’s Appetite For AI

Australian uranium producer Paladin Energy PALAF soared following President Trump’s announcement of a $500 billion “Stargate AI” initiative. As investments pour into AI infrastructure, nuclear power emerged as the best solution for a stable, low-carbon energy supply.

In 2024, Paladin strategically strengthened its position in the global uranium market with its milestone acquisition of Fission Energy, taking over the high-profile Patterson Lake South (PLS) project in Canada’s Athabasca Basin.

“This acquisition is transformative,” said CEO Ian Purdy. “The PLS project elevates Paladin to a new scale, cementing our status as one of the world’s top uranium companies.” The PLS project, known for its high-grade uranium deposits, significantly boosts Paladin’s portfolio with an estimated resource of over 130 million pounds of uranium oxide equivalent.

The acquisition, finalized on December 24, met stringent Canadian government conditions to ensure national security and counter foreign influence. Among these conditions is the prohibition of China-sourced financing for the project and the restriction of uranium sales to China beyond existing agreements with China General Nuclear Power Group.

Outside of winter drilling programs for resource expansion at PLS and neighboring prospects, the firm is preparing the next exploration phase at the Michelin Project in Newfoundland and Labrador.

With six confirmed deposits in the area, containing over 80 million pounds of Measured and Indicated resources, Paladin is optimistic about further growth.

Meanwhile, Paladin’s Langer Heinrich mine in Namibia continues to grow its production. The mine produced 639,000 pounds of uranium oxide in the December quarter, including a record 308,000 pounds in December alone. By mid-2025, the mine will transition from processing stockpiled ore to high-grade ore, boosting annual production to the guidance range of 3 to 3.6 million pounds of uranium oxide.

“Restarting a mine and large processing facility involves a lot of moving parts. I am extremely happy with the work my team has done,” noted COO Paul Hemburrow.

The Paladin’s growing portfolio of over 544 million pounds of uranium oxide resources positions it as one of the most compelling pure-play uranium investments. With a diversified asset base and a dual listing in Australia and on the Toronto Stock Exchange (under the ticker PDN), the company is positioned to capitalize on the growing demand for nuclear energy.

Price Watch: Paladin Energy closed the Australian trading session at AU$9.19, up 10.06% for the day.

Read Next:

Nuclear Power Plant Image via Shutterstock

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Paladin CEO says shareholders under-estimate Fission deal

Ian Purdy, CEO, Paladin Energy

PALADIN Energy struck a bullish note for the firm’s prospects on Wednesday saying its shareholders had not yet absorbed the benefits of a recent acquisition.

“Not all shareholders full appreciated what we have bought,” said Paladin’s CEO Ian Purdy in reference to the uranium miner’s C$1.1bn all-share takeover of Fission Uranium Corp. The transaction, first announced in June, was approved by the Canadian authorities in December.

“It was hotly contested, sought-after, and now it is ours. People will say ‘wow’ when we develop it,” he added of Fission Uranium’s Patterson Lake South (PLS) project. He described it as “a huge catalyst” for Paladin and anticipated “fantastic newsflow” in the coming years as it progressed.

Shares in Paladin Energy gained 10% today on the Australian Securities Exchange taking the share nearly 16.5% higher year-to-date. On a 12 month basis, however, Paladin is 23% lower. It shares were also admitted to the Toronto Stock Exchange on December 27.

Purdy was commenting in a December quarter production update in which Paladin returned its Langer Heinrich uranium mine in Namibia to service, generating positive cash, following a 12-day maintenance programme.

The company said today that revised guidance of three to 3.6 million pounds of uranium for the financial year would be met. Previous guidance of four million to 4.5 million lbs was cut in November owing to grade variability of stockpiled ore and water shortages at the site.

Paladin’s COO Paul Hemburrow said in a conference call to analysts that there was good water availability from Namwater. But he stopped short of promising earlier access to open pit mining at Langer Heinrich than the current target of July. At present, mining is from six million tons of medium-grade, low-cost stockpiles.

“We are planning to bring the mining forward and we are looking at options,” said Hemburrow. Pressed for details, he replied: “The uranium price doesn’t affect our approach to stockpiles versus the open pit.”

Post the conclusion of the deal with Fission Uranium, its CEO Ross McElroy resigned. A new president of Paladin Canada to fulfil strategic functions related to the Canadian government, First Peoples and the PLS project’s social impact was being sought.

“I would have been happy for him to stay,” said Purdy. “We are on very good terms but it is also understandable. The functional leaders of Fission Uranium are committed to Paladin, and to the project. They are right in there moving forward,” he said.

Of the Fission Uranium acquisition, Purdy said further: “It is a game changer for us. We have got global scale, a world class asset in Namibia and probably the two top uranium projects in the world and exploration upside.

“But we are a company that likes to do it first rather than promise the world.”

NexGold Initiates Inaugural 25,000-Metre Diamond Drill Program and Plans an Updated Mineral Resource at the Goldboro Gold Project


NexGold Initiates Inaugural 25,000-Metre Diamond Drill Program and Plans an Updated Mineral Resource at the Goldboro Gold Project – Toronto Stock Exchange News Today – EIN Presswire




















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Wednesday, January 22, 2025

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Tech-Forward Industries Propel Growth of Outsourced Bookkeeping in California


Tech-Forward Industries Propel Growth of Outsourced Bookkeeping in California – Toronto Stock Exchange News Today – EIN Presswire

























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Wednesday, January 22, 2025

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Nisga’a Nation Leads Indigenous Investment in Precious Metals Royalties

The Nisga’a Nation is pioneering a new way for Indigenous groups to benefit from resource royalties through the creation of Nations Royalty Corp., a company that consolidates royalties from First Nations mining projects. Listed on the TSX Venture Exchange and the Frankfurt Stock Exchange, Nations Royalty functions like a mutual fund for resource royalties, pooling payments from various mining operations. The Nisga’a Nation, which holds a 77% stake, is the company’s largest shareholder, with B.C. financier Frank Giustra holding 15.6%.

The company currently earns revenue from the Brucejack mine and holds royalties from four other mines in Nisga’a territory. If all five projects enter production, total royalty revenue could reach US$214 million. Nations Royalty aims to replicate the successful business models of companies like Wheaton Precious Metals, offering financing to mining projects in exchange for a share of revenue from commodity sales.

By pooling royalties from multiple projects, Nations Royalty reduces risk for investors while providing a stable return. The company is in talks with over 50 Indigenous groups across Canada and internationally, and while it currently focuses on precious metals, it may expand into base metals and oil and gas in the future.

Bomboré Production Expansion Ahead of Schedule and on Budget


Bomboré Production Expansion Ahead of Schedule and on Budget – Toronto Stock Exchange News Today – EIN Presswire


















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Wednesday, January 22, 2025

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