Category: Canada

Canada’s GDP shrank in April, with hefty decline in manufacturing

Canada’s economy shrank by 0.1 per cent on a monthly basis in April, Statistics Canada said on Friday, with the data agency’s advance estimate for May showing a similar decline in activity.

The manufacturing sector alone dipped 1.9 per cent — the steepest drop since April 2021, per Statistics Canada — driving a decline among goods-producing industries.

Transportation equipment manufacturing was hit hard, which the data agency attributed to uncertainty caused by the trade war in the auto industry as car manufacturers pulled back on production in response to U.S. President Donald Trump’s tariff on vehicle exports.

Wholesale trade also fell in April, particularly in sub-sectors related to autos and motor vehicle parts, as exports and imports of those products dropped.

WATCH | What it would take for Canada to build its own car: 

Is it time for Canada to build its own car?

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Duration 8:41

With U.S. President Donald Trump threatening to upend Canada’s automotive industry, some say it’s time for a homegrown solution. For The National, CBC’s Nick Purdon looks at what it would take to have an industry-leading Canadian car company.

The data agency is expecting economic growth to contract by 0.1 per cent again in May, signalling slower growth in the second quarter of the year as tariffs weigh on Canada’s economy.

Bank of Canada governor Tiff Macklem warned during the central bank’s last interest rate announcement that the impact of tariffs would be felt more acutely in the second quarter.

First-quarter growth, while stronger than expected, was largely driven by pre-emptive activity as businesses stocked up on inventory ahead of Trump’s tariffs. 

“Going forward, we continue to expect the pain from trade uncertainties will stay relatively contained, leaving the economy softer but not substantially worse off by the end of this year,” wrote Claire Fan, a senior economist at RBC.

“With most of U.S.-Canada trade exempted from tariffs via an exemption for USMCA-compliant trade, Canada continues to face one of the lowest tariffs among major U.S. trade partners,” she added.

“The broader trade headwind will still slow U.S. demand for imports, including for Canadian goods. But we expect Canadian domestic demand to broadly hold up, and the economy to not fall into a recession.”

April trading frenzy drove growth

Investment activity largely drove the country’s economic growth in April, with the finance and insurance sector growing 0.7 per cent — specifically financial investment services, funds and other financial vehicles. 

“The announcement of U.S. tariffs on April 2 heightened trade tensions and prospects of a global economic slowdown, leading to unusually high activity on Canadian equity markets in April,” noted Statistics Canada.

That led to a trading frenzy on the Toronto Stock Exchange in the four days that followed the announcement, which the data agency said was the “main contributor” to elevated activity in April.

Public sector activity also rose in April, mostly because of the federal election, while the arts, entertainment and recreation sector increased 2.8 per cent that month as several Canadian NHL teams qualified for the playoffs. 

“The expected back-to-back declines in real GDP through the spring are not a big surprise, given the intense uncertainty the economy was dealing with at that time,” wrote BMO chief economist Douglas Porter in a note to clients.

“Overall, we suspect that GDP likely drooped at about a 0.5 per cent annual rate for all of Q2, and may come close to that in Q3 — certainly not good news, but also a less dire outcome than expected a few months back at the height of the tariff drama.”

Canada’s manufacturing sector saw hefty decline of 1.9% in May, per StatsCan

Canada’s economy shrank by 0.1 per cent on a monthly basis in April, Statistics Canada said on Friday, with the data agency’s advance estimate for May showing a similar decline in activity.

The manufacturing sector alone dipped 1.9 per cent — the steepest drop since April 2021, per Statistics Canada — driving a decline among goods-producing industries.

Transportation equipment manufacturing was hit hard, which the data agency attributed to uncertainty caused by the trade war in the auto industry as car manufacturers pulled back on production in response to U.S. President Donald Trump’s tariff on vehicle exports.

Wholesale trade also fell in April, particularly in sub-sectors related to autos and motor vehicle parts, as exports and imports of those products dropped.

WATCH | What it would take for Canada to build its own car: 

Is it time for Canada to build its own car?

16 hours ago

Duration 8:41

With U.S. President Donald Trump threatening to upend Canada’s automotive industry, some say it’s time for a homegrown solution. For The National, CBC’s Nick Purdon looks at what it would take to have an industry-leading Canadian car company.

The data agency is expecting economic growth to contract by 0.1 per cent again in May, signalling slower growth in the second quarter of the year as tariffs weigh on Canada’s economy.

Bank of Canada governor Tiff Macklem warned during the central bank’s last interest rate announcement that the impact of tariffs would be felt more acutely in the second quarter.

First-quarter growth, while stronger than expected, was largely driven by pre-emptive activity as businesses stocked up on inventory ahead of Trump’s tariffs. 

“Going forward, we continue to expect the pain from trade uncertainties will stay relatively contained, leaving the economy softer but not substantially worse off by the end of this year,” wrote Claire Fan, a senior economist at RBC.

“With most of U.S.-Canada trade exempted from tariffs via an exemption for USMCA-compliant trade, Canada continues to face one of the lowest tariffs among major U.S. trade partners,” she added.

“The broader trade headwind will still slow U.S. demand for imports, including for Canadian goods. But we expect Canadian domestic demand to broadly hold up, and the economy to not fall into a recession.”

April trading frenzy drove growth

Investment activity largely drove the country’s economic growth in April, with the finance and insurance sector growing 0.7 per cent — specifically financial investment services, funds and other financial vehicles. 

“The announcement of U.S. tariffs on April 2 heightened trade tensions and prospects of a global economic slowdown, leading to unusually high activity on Canadian equity markets in April,” noted Statistics Canada.

That led to a trading frenzy on the Toronto Stock Exchange in the four days that followed the announcement, which the data agency said was the “main contributor” to elevated activity in April.

Public sector activity also rose in April, mostly because of the federal election, while the arts, entertainment and recreation sector increased 2.8 per cent that month as several Canadian NHL teams qualified for the playoffs. 

“The expected back-to-back declines in real GDP through the spring are not a big surprise, given the intense uncertainty the economy was dealing with at that time,” wrote BMO chief economist Douglas Porter in a note to clients.

“Overall, we suspect that GDP likely drooped at about a 0.5 per cent annual rate for all of Q2, and may come close to that in Q3 — certainly not good news, but also a less dire outcome than expected a few months back at the height of the tariff drama.”

Great Quest Gold Enters Into Arrangement Agreement With Lotus Gold

VANCOUVER, British Columbia–(BUSINESS WIRE)–Jun 27, 2025–

Great Quest Gold Ltd. (“ Great Quest ” or the “ Company ”) (TSX-V: GQ) is pleased to announce that further to its news release dated May 14, 2025, it has entered into a definitive arrangement agreement dated June 26, 2025 (the “ Arrangement Agreement ”) with Lotus Gold Corporation (“ Lotus ”), pursuant to which Great Quest intends to acquire all of the issued and outstanding common shares of Lotus (the “ Lotus Shares ”) in exchange for newly issued common shares in the capital of Great Quest (“ GQ Shares ”) as an arm’s length transaction to be completed by way of a court-approved plan of arranged under the Business Corporations Act (British Columbia) (the “ BCBCA ”) (the “ Arrangement ”). Pursuant to the policies of the TSX Venture Exchange (the “ TSXV ”), the Arrangement will be considered a reverse takeover (the “ RTO ”) of the Company by Lotus, which will become a wholly-owned subsidiary of the resulting issuer (the “ Resulting Issuer ”) following completion of the Arrangement.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250626431996/en/

The Wadi Zeidun, Umm Samra, Siqdid, and Umm Salim mineral properties form the Eastern Desert Gold Project and are located at 600 km south-southeast of Cairo, Egypt.

Transaction Details

Pursuant to the Arrangement Agreement, the shareholders of Lotus will receive such number of common shares of the Resulting Issuer (the “ RI Shares ”) such that the former Lotus shareholders will own 63.3% of the issued and outstanding RI Shares and the number of RI Shares held by the former shareholders of Great Quest will equal 36.7%. The number of RI Shares issued as consideration shares to former holders of Lotus Shares will be determined following completion of the Bridge Financing (as defined below) and announced in a subsequent news release accordingly.

In accordance with the terms of the Arrangement Agreement, all outstanding warrants of Lotus will be exercisable to acquire RI Shares, in amounts and at exercise prices adjusted in accordance with the Arrangement Agreement. A subsequent news release will describe the valuation of Lotus.

Arrangement Agreement

The Arrangement will be subject to the following approvals:

  • approval by the Supreme Court of British Columbia,
  • requisite regulatory approval, including the approval of the TSXV; and
  • the approval of the directors and the shareholders of each of Great Quest and Lotus.

Among other terms customary for a transaction of this nature, the Arrangement Agreement includes the following terms and conditions:

  • A change of name of the Company to such name as is mutually agreed between Great Quest and Lotus and acceptable to the TSXV effective upon closing of the Arrangement (the “ Closing ”);
  • a share consolidation of Great Quest on the basis of one post-consolidation GQ Share for every 30 pre-consolidation GQ Shares;
  • completion of a bridge financing (the “ Bridge Financing ”) by Great Quest for gross aggregate proceeds of up to CAD$500,000, through the issuance of GQ Shares at a pre-Consolidation price of $0.025 per share, as further described in the Company’s news release dated June 16, 2025;
  • directors and officers of Lotus and shareholders of Lotus holding 5% or more entering into support and voting agreements pursuant to which they have agreed to vote their Lotus Shares in favour of the Arrangement;
  • each of Great Quest and Lotus will have a working capital deficit and long term debt (excluding non-cash liabilities) of no more than CAD$110,000 unless agreed otherwise by Lotus and Great Quest respectively in writing;
  • Lotus will receive a title opinion regarding Great Quest’s Namibian mineral project; and
  • Great Quest will receive a technical report in compliance with National Instrument 43-103 – Standards of Disclosure for Mineral Projects and a title opinion regarding Lotus’ Eastern Desert Gold Project in Eastern Egypt.

Trading in the GQ Shares has been halted since May 8, 2025 in accordance with the policies of the TSXV and will remain halted until such time as all required documentation in connection with the Arrangement has been filed with and accepted by, and permission to resume trading has been obtained from, the TSXV. There can be no assurance that trading of GQ Shares will resume prior to the completion of the Arrangement.

Shareholder Approvals

At a special meeting of the shareholders of Great Quest the (the “ GQ Meeting ”) to be held in accordance with the BCBCA, Great Quest will seek the approval of the RTO pursuant to the policies of the TSXV by an ordinary resolution passed by shareholders of Great Quest holding at least 51% of the issued and outstanding GQ Shares present in person or represented by proxy at the GQ Meeting.

At a special meeting of the shareholders of Lotus (the “ Lotus Meeting ”) to be held in accordance with the BCBCA, Lotus will seek the approval of the Arrangement by a special resolution passed by the shareholders of Lotus holding at least 66 2 / 3 % of the issued and outstanding Lotus Shares present in person or represented by proxy at the Lotus Meeting.

Lotus Advance

In connection with the Arrangement, Lotus will enter into a secured loan agreement with Great Quest for the loan amount of $300,000 (the “ Loan ”) bearing interest at 10% per annum, subject to conversion into GQ Shares at a pre-Consolidation price of $0.025 per share should the Arrangement not close by the November 30, 2025 deadline. Great Quest intends to use the funds from the Loan for its working capital requirements.

Bridge Financing

Further to Great Quest’s news release dated June 16, 2025, the Company intends to complete the Bridge Financing prior to the Closing. The Bridge Financing is subject to approval by the TSXV.

Resulting Issuer Board of Directors

Upon completion of the Arrangement, it is anticipated that the board of directors of the Resulting Issuer shall consist of the following persons:

Jed Richardson, Director

Jed Richardson brings a wealth of experience spanning a 25-year career in the mining and financial sectors. He has worked as a Research Associate at RBC Capital Markets and as a Research Analyst at Cormark/Sprott Securities, in addition to serving as a Mining Engineer for Alcan Aluminum. Jed has also served as Vice-President of Corporate Development for Verde Potash, Principal Consultant of Javelin Corporate Development Partners, and President and CEO of Trigon Metals. Joining Great Quest’s Board in 2010, he was appointed President & CEO in 2013, transitioning to the role of Executive Chairman in 2024. Jed holds a B.A.Sc. in Mineral and Geological Engineering from the University of Toronto.

Heye Daun, Director

Heye Daun is the co-founder and former President & CEO of Osino Resources. He is also the co-founder of the former Auryx Gold Corp. which advanced the Otjikoto gold project in Namibia until sale to B2Gold Corp for US$160m in 2011. As the former President & CEO of Ecuador Gold & Copper Corp. (“ EGX ”), Heye was instrumental in the formation of Lumina Gold Corp. through the C$200m merger of EGX with Odin Mining, before founding Osino Resources in 2015 with Alan Friedman. Heye is a mining engineer and MBA and has extensive experience in mining operations, working for Rio Tinto, AngloGold-Ashanti and Gold Fields, and stints in mining finance with South Africa’s Nedbank Capital and Old Mutual Investment Group. For the last 12 years Heye has been a successful public markets mining entrepreneur. Heye is a Director and also co-founder of Lotus.

Alan Friedman, Director

Alan Friedman is a South African-trained lawyer and public markets entrepreneur with significant success in a range of sectors such as mining, oil & gas, cannabis, e-gaming and others. As a result of being involved with North American public markets for over 20 years, his little black book is brimming with the Who-is-Who in Finance and Acquisitions and he has played an integral role in the financings and go-public transactions for many resource companies onto Toronto Stock Exchange and AIM. He is also a director of the Canada-Africa Chamber of Business. Alan is a Co-founder and Director of TSXV-listed Eco (Atlantic) Oil and Gas Ltd., and co-founder of Auryx Gold Corp and Osino Resources. Alan is a Director and also co-founder of Lotus.

Sponsorship

The Arrangement may require sponsorship under the policies of the TSXV unless a waiver from sponsorship is granted. Great Quest intends to apply for a waiver from sponsorship requirements of the TSXV in connection with the Arrangement. There can be no assurance that such waiver will ultimately be granted.

More from this section

Eastern Gold Desert Project Descriptions

In two competitive international bid rounds, Lotus secured ten exploration sectors (blocks or licenses) across the Egyptian Eastern Desert. Subsequent renewal and relinquishment of blocks, as well as the addition of 5.5 blocks acquired from B2Gold brings the total land position to ±1,930 km 2 (roughly the equivalent of 11 blocks), as summarised below:

Exploration Agreement

Project Area

# of Exploration Sectors

Area (km 2 )

BR1 – Zeidun

Wadi Zeidun

±1.4 (after renewal)

253

BR1 – Umm Samra

Umm Samra

±1.3 (after renewal)

230

BR2 — Siqdid

Siqdid

3

483

(BR-1) Umm Salim

Umm Salim

5.5

963

Total

± 11

±1,930

Qualified Person (QP) Statements

Qualified Person David Underwood, BSc. (Hons) is Vice President Exploration of Lotus Gold Corporation and has reviewed and approved the scientific and technical information in this news release as it pertains to Lotus, and is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No.400323/11) and a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (” NI 43-101 “).

On behalf of the board of directors of Great Quest Gold Ltd.:

“Jed Richardson”

Chief Executive Officer and Executive Chairman

Further Information and Disclaimer

All information contained in this news release with respect to Great Quest and Lotus was supplied by the parties respectively, for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.

Completion of the Arrangement is subject to a number of conditions, including but not limited to, TSXV acceptance and, if applicable, pursuant to the requirements of the TSXV, disinterested shareholder approval. Where applicable, the Arrangement cannot close until any required shareholder approvals are obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Arrangement, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the Arrangement and has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the proposal to complete the Arrangement and associated transactions. Any such forward-looking statements may be identified by words such as “expects”, “anticipates”, “believes”, “projects”, “plans” and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Statements about, among other things, the completion and expected terms of the Arrangement, the Loan, the number of securities of the Company that may be issued in connection with the Arrangement and Bridge Financing, obtaining the requisite shareholder approval, Lotus’ strategic plans and the parties’ ability to satisfy closing conditions and receive necessary approvals, are all forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the Arrangement (including the name change and consolidation), the Loan, or the Financings will occur or that, if the Arrangement, and the Financings do occur, they will be completed on the terms described above. Great Quest and Lotus assume no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

View source version on businesswire.com:https://www.businesswire.com/news/home/20250626431996/en/

CONTACT: For more information, please contact:Great Quest Gold Ltd.

Jed Richardson, Executive Chairman

Email:IR@greatquest.com

(647)276-6002Lotus Gold Corporation

Mike Silver, Interim CEO

Email:msilver@lotusgold.ca

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES

SOURCE: Great Quest Gold Ltd.

Copyright Business Wire 2025.

PUB: 06/27/2025 07:30 AM/DISC: 06/27/2025 07:30 AM

http://www.businesswire.com/news/home/20250626431996/en

Canada’s Bold Step Toward Becoming An Energy Super Power: Krishnan Suthanthiran’s Vision for a Sustainable Energy Future


Canada’s Bold Step Toward Becoming An Energy Super Power: Krishnan Suthanthiran’s Vision for a Sustainable Energy Future – Toronto Stock Exchange News Today – EIN Presswire

























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Lock Search Group Marks 42 Years of Executive Search Excellence and Highlights AI-Enablement at Its Toronto Practice


Lock Search Group Marks 42 Years of Executive Search Excellence and Highlights AI-Enablement at Its Toronto Practice – Toronto Stock Exchange News Today – EIN Presswire

























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Nexgold Infill Drilling Continues To Intersect High Grade Gold Mineralization At The Goldboro Gold Project 3.58 G/T Gold Over 18.3 Metres, 2.79 G/T Gold Over 19.7 Metres And 103.50 G/T Gold Over 0.7 Metres

(MENAFN– GlobeNewsWire – Nasdaq) TORONTO, June 26, 2025 (GLOBE NEWSWIRE) — NexGold Mining Corp. ( TSXV: NEXG; OTCQX: NXGCF) (“ NexGold ” or the“ Company ”) is pleased to provide a further update on its ongoing 25,000-metre diamond drill program initially announced on January 22, 2025 at the Company’s Goldboro Gold Project (“ Goldboro ”) in Nova Scotia. The drill program is primarily designed to infill specific areas of the open pit Mineral Resource identified to improve geological and grade continuity and potentially upgrade certain areas of Inferred and Indicated Mineral Resources. The assay results for an additional 8 infill diamond drill holes (BR-25-515, 521, 523, 527, 530, 534, 539, and 544), totalling 1,687.00 metres, are from drilling in the proposed west pit (Figure 1; Table 1).

Drilling is now finished for this program and the Company has completed a total of 26,854 metres in 141 drill holes. Additional drill holes were completed beyond the planned 25,000 metres due to program efficiencies and the Company decided to twin additional 1980s and 1990s drill holes. With drilling now complete the Company will continue to report assay results through Q3 as they become available.

Kevin Bullock, President and CEO, stated:“We are very pleased to have completed this phase of infill drilling at the Goldboro Gold Project which has shown early positive results in assays received to date from the proposed east and west pits. Efficiencies with the drilling program allowed us to complete additional twinning of historic drill holes which will further help to de-risk the project moving forward. We will now turn our attention to updating the Goldboro Mineral Resource as we receive data. Updating the Mineral Resource will provide the basis of the planned Feasibility Study update. The timing of finishing the drill program and initiating a Mineral Resource update is timed well with recent news of the Notice of Completion for the Nova Scotia Industrial Approval for the Project.”

Selected drill intersections from 8 diamond drill holes in this release include:

  • 3.58 g/t gold over 18.3 metres (from 139.0 to 157.3 metres), including 59.40 g/t gold over 0.6 metres in drill hole BR-25-530;

  • 2.79 g/t gold over 19.7 metres (from 291.3 to 311.0 metres), including 72.80 g/t gold over 0.5 metres in drill hole BR-25-544;

  • 103.50 g/t gold over 0.7 metres (from 86.3 to 87.0 metres) in drill hole BR-25-523;

  • 1.98 g/t gold over 10.0 metres (from 114.1 to 124.1 metres), including 9.66 g/t gold over 0.5 metres in drill hole BR-25-521;

  • 0.52 g/t gold over 32.8 metres (from 125.2 to 158.0 metres), including 3.50 g/t gold over 0.5 metres in drill hole BR-25-539;

  • 2.06 g/t gold over 8.2 metres (from 169.8 to 178.0 metres), including 5.96 g/t gold over 1.75 metres in drill hole BR-25-515; and

  • 1.80 g/t gold over 9.25 metres (from 273.0 to 282.25 metres), including 7.15 g/t gold over 1.25 metres in drill hole BR-544.

The Company has now released 50 drill holes (approximately 34%) from the infill program. Results from the drill program to date for the drilling conducted in the proposed west pit demonstrate the presence of mineralization that is consistent with previous drill results. In particular, the existing geological model appears to broadly predict the location of gold mineralization with local adjustments to the model where mineralization is either not in the exact positions predicted by the model or if no mineralization is intersected. Significantly, the drill program continues to intersect additional gold mineralization in areas where no mineralization was previously known or predicted. This occurs either in under-drilled areas or near historic drilling which were not thoroughly sampled. Mineralized solids will be adjusted, where necessary, to account for local variations in the model, and any impact due to additional assay data gathered during the drill program will be investigated during the forthcoming Mineral Resource estimate planned during H2 2025.

Figure 1: Plan map showing the location of the 8 diamond drill holes in this release



Table 1: Locations and orientations for the 8 drill holes in this release.

Drill hole Easting Northing Elevation (m) Length (m) Azimuth Inclination
BR-25-515 606805.2 5006484.2 66.6 194.0 180 -75
BR-25-521 606788.5 5006332.6 64.5 176.0 360 -90
BR-25-523 606816.6 5006295.8 64.3 155.0 360 -75
BR-25-527 606816.6 5006295.8 64.3 206.0 360 -85
BR-25-530 606755.9 5006316.1 65.6 242.0 007 -65
BR-25-534 606761.6 5006264.4 64.6 203.0 360 -55
BR-25-539 606685.2 5006325.7 64.7 200.0 007 -65
BR-25-544 606745.5 5006142.9 59.2 311.0 360 -40

Notes:

  • Drill hole locations reported as Universal Transverse Mercator NAD83 Zone 20 coordinates

  • Some drill hole numbers are missing from the sequence. These drill holes are not reported in this press release since they were drilled in another location and will be reported in a separate release with other contiguous or related drilling information.

  • Drill holes BR-25-466 to 475, 479, 498 and 501 were reported in previous press releases dated May 16 and June 5, 2025.

  • Drill holes BR-25-477, 478, 481 to 483, 486, 489, 491, 495, 502, 505, 508, 510, 513, 518, 520, 522, and 524 were reported in a previous press release dated June 13, 2025.

  • Drill holes BR-25-476, 480, 484, 487, 490, 493, 496, 499, 504, 507 and 512 were reported in a previous press release dated June 19, 2025.

    Table 2: Highlighted drill intersections from 8 drill holes

    Drill hole From (m) To (m) Length (m) Au g/t
    BR-25-515 15.00 17.80 2.80 0.41
    and 26.90 28.00 1.10 0.52
    and 32.00 33.26 1.26 1.26
    and 38.00 38.50 0.50 1.22
    and 48.00 58.00 10.00 0.26
    including 57.00 58.00 1.00 1.16
    and 66.40 68.50 2.10 2.51
    including 66.40 67.00 0.60 7.43
    and 84.55 85.05 0.50 0.59
    and 143.75 145.15 1.40 6.33
    including 144.45 145.15 0.70 12.00
    and 169.80 178.00 8.20 2.06
    including 173.50 175.25 1.75 5.96
    BR-25-521 28.00 28.50 0.50 0.42
    and 40.20 40.70 0.50 3.26
    and 71.00 72.00 1.00 3.18
    and 114.10 124.10 10.00 1.98
    including 121.10 121.60 0.50 9.66
    and 156.90 157.90 1.00 1.27
    BR-25-523 86.30 87.00 0.70 103.50
    and 90.30 91.10 0.80 1.36
    and 94.50 95.20 0.70 3.34
    and 103.50 104.00 0.50 1.16
    and 126.75 128.60 1.85 1.83
    including 127.25 128.00 0.75 3.15
    and 134.50 137.00 2.50 0.46
    BR-25-527 110.90 111.90 1.00 0.97
    and 126.00 127.00 1.00 0.67
    and 159.50 165.80 6.30 1.32
    including 165.00 165.80 0.80 5.15
    BR-25-530 77.80 80.90 3.10 0.92
    including 79.10 79.90 0.80 2.86
    and 85.10 87.00 1.90 0.39
    and 124.50 128.00 3.50 0.71
    and 139.00 157.30 18.30 3.58
    including 140.00 140.60 0.60 59.40
    and including 149.70 150.20 0.50 9.17
    and 160.90 164.00 3.10 0.54
    and 169.00 172.20 3.20 1.00
    including 171.00 171.50 0.50 4.81
    and 215.60 221.00 5.40 0.71
    and 226.50 227.60 1.10 0.40
    BR-25-534 121.00 122.00 1.00 2.46
    and 125.00 126.90 1.90 0.42
    and 151.60 152.10 0.50 1.05
    and 178.40 179.60 1.20 0.86
    and 191.35 201.40 10.05 0.91
    including 193.00 193.65 0.65 5.75
    BR-25-539 44.70 45.60 0.90 0.95
    and 54.00 62.00 8.00 1.05
    including 58.00 59.00 1.00 3.64
    and 86.00 87.00 1.00 8.96
    and 95.00 96.00 1.00 0.51
    and 111.00 117.30 6.30 0.90
    including 115.80 116.30 0.50 3.50
    and 125.20 158.00 32.80 0.52
    including 115.80 116.30 0.50 3.50
    and 170.75 175.70 4.95 0.32
    including 170.75 171.35 0.60 1.70
    and 190.20 191.00 0.80 0.60
    BR-25-544 43.70 44.20 0.50 9.38
    and 112.00 114.00 2.00 2.20
    including 112.00 112.50 0.50 7.49
    and 228.40 228.90 0.50 0.70
    and 260.60 261.60 1.00 1.03
    and 273.00 282.25 9.25 1.80
    including 277.45 278.70 1.25 7.15
    and 284.90 287.30 2.40 1.33
    and 291.30 311.00 19.70 2.79
    including 294.00 294.50 0.50 72.80
    and including 298.00 302.00 4.00 1.08
    and including 303.60 305.10 1.50 3.43

    Notes:

  • Reported intervals are drilled core lengths and do not indicate true widths. True widths are estimated at between 50-100% of core length. For duplicate samples, the original sample assays are used to calculate the intersection grade. All grades are uncapped.

  • Some drill hole numbers are missing from the sequence. These drill holes are not reported in this press release since they were drilled in another location and will be reported in a separate release with other contiguous or related drilling information.

  • Drill holes BR-25-466 to 475, 479, 498 and 501 were reported in previous press releases dated May 16 and June 5, 2025.

  • Drill holes BR-25-477, 478, 481 to 483, 486, 489, 491, 495, 502, 505, 508, 510, 513, 518, 520, 522, and 524 were reported in a previous press release dated June 13, 2025.

  • Drill holes BR-25-476, 480, 484, 487, 490, 493, 496, 499, 504, 507 and 512 were reported in a previous press release dated June 19, 2025.

    Technical Disclosure and Qualified Persons

    QA / QC

    The Company has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best Practices Guidelines. The NQ diameter drill core is sawn in half with one-half of the core sample dispatched to either Eastern Analytical Ltd. (Eastern) preparation facility in Springdale, Newfoundland and Labrador or the ALS Canada Ltd. (ALS) prep lab in Moncton, NB and then the pulp is sent to North Vancouver, BC for fire assay. The other half of the core is retained for future assay verification and/or metallurgical testing. Analysis for gold was completed by fire assay (30 g) with an AA finish. All assays in this press release are reported as fire assays only.

    For samples analyzing greater than 0.5 g/t Au via 30 g fire assay, these samples will be re-analyzed at Eastern via total pulp metallics. For the total pulp metallics analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Total pulp metallics assays for drill holes sited within this press release may be updated in a future news release. Check assays are conducted at Eastern for assay samples received from ALS and check assays are conducted at ALS for assays received from Eastern following the completion of a program.

    Other QA/QC procedures include the regular insertion of blanks and CDN Resource Laboratories certified reference standards. The laboratory also has its own QA/QC protocols running standards and blanks with duplicate samples in each batch stream for all analysis.

    Paul McNeill, P.Geo., VP Exploration of NexGold, is considered a“Qualified Person” for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and approved the scientific and technical disclosure contained in this news release on behalf of NexGold.

    About NexGold Mining Corp.

    NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. NexGold’s Goliath Gold Complex (which includes the Goliath, Goldlund and Miller deposits) is located in Northwestern Ontario and its Goldboro Gold Project is located in Nova Scotia. NexGold also owns several other projects throughout Canada, including the Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock. In addition, NexGold holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska. NexGold is committed to inclusive, informed and meaningful dialogue with regional communities and Indigenous Nations throughout the life of all our Projects and on all aspects, including creating sustainable economic opportunities, providing safe workplaces, enhancing of social value, and promoting community wellbeing.

    Further details about NexGold, including a Prefeasibility Study for the Goliath Gold Complex and a Feasibility Study for the Goldboro Gold Project, are available under the Company’s issuer profile on and on NexGold’s website at .

    Contact: Kevin Bullock
    President & CEO
    (647) 388-1842

    Orin Baranowsky
    Chief Financial Officer
    (647) 697-2625

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

    Cautionary Note Regarding Forward-Looking Information

    This news release contains or incorporates by reference“forward-looking information” within the meaning of applicable Canadian securities legislation and“forward-looking statements” within the meaning of applicable U.S. securities laws. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking information including, but not limited: to information as to the Company’s strategic objectives and plans; timing and results of drilling activities; potential for upgrading mineral resources; expected initiatives to be undertaken by management of the Company in identifying exploration opportunities; and timing of advancement and completion of technical studies. Generally, forward-looking information is characterized by the use of forward-looking terminology such as“plans”,“expects” or“does not expect”,“is expected”,“budget”,“scheduled”,“estimates”,“forecasts”,“intends”,“is projected”,“anticipates” or“does not anticipate”,“believes”,“targets”, or variations of such words and phrases. Forward-looking information may also be identified in statements where certain actions, events or results“may”,“could”,“should”,“would”,“might”,“will be taken”,“occur” or“be achieved”.

    Forward-looking information involve known or unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from those projected by such forward-looking statements. Such factors include, among others: the plan for, and actual results of, current exploration activities; expectations relating to future exploration, development and production activities as well as growth potential for NexGold’s operations; risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; reliance on third-parties, including governmental entities, for mining activities; the ability of NexGold to complete further exploration activities, including drilling at the Goliath Gold Complex and Goldboro deposits; the ability of the Company to obtain required approvals; the results of exploration activities; risks relating to mining activities; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of mineral resources, production and cost estimates; health, safety and environmental risks; worldwide demand for gold and base metals; gold price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; changes in legislation, including but not limited to tax laws, royalties and environmental regulations; and those factors described in the Management’s Discussion and Analysis for the year ended December 31, 2024 of the Company and in the Company’s most recent disclosure documents filed under its SEDAR+ profile at . Although management of the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented to assist shareholders in understanding the Company’s the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information contained herein, except in accordance with applicable securities laws.

    A photo accompanying this announcement is available at

    MENAFN26062025004107003653ID1109726798

    EXCLUSIVE: Beeline Closes Its First Crypto Real Estate Transaction

    Beeline Holdings (NASDAQ:BLNE) announced Wednesday that its subsidiary, Beeline Title Holdings (“Beeline Title”), has closed one of the first-ever residential real estate transactions funded through the sale of a cryptocurrency token backed by real property.

    Nick Liuzza, CEO of Beeline Holdings, said several mortgage lenders are already developing funding models that involve converting cryptocurrencies to U.S. dollars at closing.

    But for these models to function at scale, they need a title company that not only understands blockchain transactions but also has the infrastructure to disburse and reconcile them in compliance with federal and state regulations, Liuzza added.

    Also Read: Beeline Breaks $1 Billion Barrier, Bets Big On AI And Short-Term Rental Surge

    Beeline’s first cryptocurrency-enabled transaction is the beginning of a broader rollout. Beeline Loans, another subsidiary, is set to launch its full cryptocurrency token funding platform nationally in early August 2025. Beeline Title will provide the title and closing services for each transaction unless borrowers elect to use an outside title company.

    Importantly, Beeline Title will open this platform to all mortgage lenders, giving them access to a cryptocurrency token transaction reconciliation, compliance, and disbursement solution.

    Liuzza said its team built Linear Title, a privately held title agency in the U.S., before merging with Real Matters and going public on the Toronto Stock Exchange (TSX).

    Through 2019, they closed over one million title transactions across all 50 states, and this new platform is an extension of that expertise tailored to the next generation of mortgage transactions.

    In the first week of June, Beeline announced it was launching a debt-free home equity access product using stablecoins. This product offers cash without monthly payments or interest.

    The product, set for full launch in July, aims to boost Beeline’s revenue growth and profitability starting in the fourth quarter of 2025.

    Price Action: BLNE stock closed higher by 29.1% at $1.42 on Tuesday.

    Read Next:

    Photo by SWK Stock via Shutterstock

    Up Next: Transform your trading with Benzinga Edge’s one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today’s competitive market.

    Get the latest stock analysis from Benzinga?

    This article EXCLUSIVE: Beeline Closes Its First Crypto Real Estate Transaction originally appeared on Benzinga.com

    © 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

    GREEN & GLAM Unveils A Future-Ready Blueprint For A World In Transition


    GREEN & GLAM Unveils A Future-Ready Blueprint For A World In Transition – Toronto Stock Exchange News Today – EIN Presswire

























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    QIA sets up $200-mn fund with Canada’s Fiera Capital

    QIA sets up $200-mn fund with Canada's Fiera Capital

    Mohammed Saif Al-Sowaidi, CEO of QIA

    The Qatar Investment Authority (QIA), a sovereign wealth fund that manages assets worth over $500 billion, has launched its second equity strategy in partnership with Canadian asset management firm Fiera Capital. The new initiative will invest in equities listed on the Qatar Stock Exchange (QSE). 

    Doha-headquartered QIA, the ninth-largest sovereign wealth fund globally, has committed anchor capital–in the form of cash and stock–to establish the Fiera Qatar Equity Fund, which has a corpus of $200 million.  

    Structured as a daily-dealing mutual fund, the Fiera Qatar Equity Fund will be available to both local and international institutional investors seeking actively managed exposure to Qatar’s equity market.    

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    “Attracting overseas asset managers to invest in Qatar equity will fuel market participation and help to diversify and broaden the market. The Fiera Capital fund launch is an exciting second partnership in our Active Asset Management Initiative and builds on QIA’s commitment to support Qatar’s financial markets,” said Mohammed Saif Al-Sowaidi, CEO of QIA.

    Established in 2005, QIA invests and manages the state’s reserve funds and has investments spanning major global markets, sectors, geographies, and asset classes, including credit/fixed income, real estate, infrastructure, private equity, public equity, and alternative investments.

    This marks QIA’s second partnership since the launch of its Active Asset Management Initiative in January this year. It first partnered with the UK’s Ashmore Group to launch the $200-million Ashmore Qatar Equity Fund. 

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    The initiative aims to establish partnerships with leading global asset managers with Gulf Cooperation Council (GCC) expertise, as well as qualified local managers. QIA will seed the funds managed by these partners by reallocating shares in Qatar Stock Exchange-listed companies.

    “To be selected by QIA to manage its capital is a testament to the competitive strength and consistent outperformance of our equity investment capability. It is our responsibility as fiduciaries to now put this capital to work; to create wealth for institutional investors, but also to diversify Qatar’s capital markets,” said Klaus Schuster, executive director and CEO, Fiera Capital EMEA. 

    Montreal-based Fiera Capital, which manages assets worth $117 billion, is listed on the Toronto Stock Exchange and has offices in over a dozen cities worldwide, including New York, London, and Hong Kong. It offers customized multi-asset investment solutions across public and private markets to institutional, financial intermediary, and private wealth clients in North America, Europe, and key markets in Asia.

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    Baytex Announces Renewal of Normal Course Issuer Bid

    Article content

    Calgary, Alberta–(Newsfile Corp. – June 24, 2025) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex” or the “company”) is pleased to announce that the Toronto Stock Exchange (“TSX”) has accepted the company’s notice of intention to renew its normal course issuer bid (“NCIB”). The renewed NCIB allows Baytex to purchase up to 66,244,464 common shares during the 12-month period commencing July 2, 2025 and ending July 1, 2026 or such earlier time as the NCIB is completed or terminated at the option of Baytex.

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    Baytex’s shareholder return framework has historically included a combination of share repurchases and quarterly dividend payments. Renewing the NCIB provides Baytex with the flexibility to continue its’ common share repurchases, which are an efficient means to return capital and improve per share metrics.

    The number of shares authorized for purchase represents 10% of Baytex’s public float, as defined by the TSX, as of June 18, 2025. On June 18, 2025 Baytex had 768,317,006 common shares outstanding. Purchases will be made on the open market through the facilities of the TSX, the New York Stock Exchange (“NYSE”) and/or alternative trading platforms in Canada and the United States at market prices prevailing at the time of acquisition, as well as by other means permitted by stock exchange rules and securities laws including Rule 10b-18 under the Securities Exchange Act of 1934, as amended.

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    Baytex has applied for an exemption order from the Canadian securities regulators to permit the company to purchase up to 10% of the “public float” (within the meaning of the rules of the TSX) of its common shares through the NYSE and other U.S.-based trading systems (together with the New York Stock Exchange, “U.S. Markets”). Absent this exemptive relief, Baytex’s purchases under the NCIB on U.S. Markets would be limited to not more than 5% of its outstanding common shares over the applicable twelve-month period. Baytex will issue a further press release if such exemptive relief is granted.

    BMO Nesbitt Burns Inc. (“BMO”) has agreed to act as the company’s designated broker to make purchases of common shares pursuant to the NCIB. Baytex has also entered into an automatic share purchase plan/Rule 10b5-1 trading plan (“ASPP”) with BMO allowing it to purchase common shares under the NCIB when the company would ordinarily not be permitted to purchase shares due to regulatory restrictions and customary self-imposed blackout periods. Pursuant to the ASPP, Baytex may provide instructions to BMO prior to a blackout period, which may not be varied or suspended during the blackout period. Purchases by Baytex’s designated broker will be in accordance with stock exchange rules, applicable securities laws and the terms of the ASPP. All purchases made under the ASPP are included in computing the number of common shares purchased under the NCIB. The ASPP has been pre-cleared, as required by the TSX. Outside of these blackout periods, common shares may be purchased under the NCIB in accordance with management’s discretion.

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    The actual number of common shares that may be purchased under the NCIB and the timing of any such purchases will be determined by Baytex. The average daily trading volume through the facilities of the TSX during the most recently completed six-month period was 5,039,715 common shares. Consequently, daily purchases through the facilities of the TSX will be limited to 1,259,928 common shares, which is equal to 25% of the average daily trading volume, other than block purchase exceptions. All common shares acquired by Baytex under the NCIB will be cancelled.

    Under its prior NCIB, the company sought and obtained approval to purchase up to 70,112,570 common shares, which runs from July 2, 2024 to July 1, 2025. As at June 18, 2025, the company repurchased an aggregate of 36,478,208 common shares under its prior NCIB at a weighted-average price of CAD $4.1304 per common share, excluding brokerage fees. The company purchased all common shares through the facilities of the TSX, the NYSE and alternative trading platforms in Canada and the United States.

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    Advisory Regarding Forward-Looking Statements

    Certain statements in this press release are “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively, “forward-looking statements”). Forward-looking information in this news release is identified by words such as “intention” or “will” or similar expressions and includes suggestions of future outcomes, events or performance. The forward-looking statements contained in this press release speak only as of the date thereof and are expressly qualified by this cautionary statement.Specifically, this press release contains forward-looking statements relating to but not limited to: acquiring and cancelling Baytex common shares under the NCIB, the number of common shares to be purchased under the NCIB, the composition of Baytex’s shareholder return framework and the anticipated advantages to shareholders of the NCIB. Developing forward-looking information involves reliance on a number of assumptions and consideration of certain risks and uncertainties, some of which are specific to Baytex and others that apply to the industry generally. These risks relating to Baytex include, but are not limited to, that Baytex will not be able to achieve the anticipated benefits of the NCIB and may not purchase the maximum number of common shares or any common shares under the NCIB.Readers are cautioned that other events or circumstances, although not listed above, could cause Baytex’s actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking statements. Please refer to the annual information form for the year ended December 31, 2024 and the management’s discussion and analysis for the three months ended March 31, 2025 (the “MD&A”) for additional risk factors relating to Baytex. These documents can be accessed on the Baytex website at www.baytexenergy.com, on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission on EDGAR at sec.gov.The forward-looking statements contained in this press release are made as of the date hereof and the company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

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    Baytex Energy Corp

    Baytex Energy Corp. is an energy company based in Calgary, Alberta and offices in Houston, Texas. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex’s common shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.

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    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256629

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