Category: Canada

Asia Morning Briefing: SOL up 4% as Analysts Say Staking ETF (SSK) Has Strong Launch

Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

The newly launched REX-Osprey Solana + Staking ETF (SSK), the first crypto staking exchange-traded fund (ETF) listed in the U.S., ended the day with $33 million in volume, with Bloomberg ETF analyst Eric Balchunas calling the launch better than the average ETF listing.

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The ETF offers investors indirect access to Solana while earning staking rewards without needing technical expertise.

While the volume was much lower than the launch of BTC and ETH ETFs, Balchunas noted that the trading volume was much stronger than recent Solana futures ETF listings or XRP futures ETFs launches.

SOL is trading above $150 on the news, up roughly 4%, according to CoinDesk market data.

In late May, the Securities and Exchange Commission ruled that crypto staking does not violate securities laws, paving the way for issuers to offer such staking products.

There’s no ETH staking ETF currently offered in the U.S., although 3iQ offers one on the Toronto Stock Exchange.

Hong Kong’s market regulator, the Securities and Futures Commission, released staking rules in April, and local issuers offer ETH staking ETFs on the city’s stock exchange.

(CoinDesk)

(CoinDesk)

BlackRock’s Bitcoin ETF Now Out-Earns Its Flagship S&P 500 Fund

BlackRock’s iShares Bitcoin ETF (IBIT) is now generating more annual revenue than its flagship iShares Core S&P 500 ETF (IVV), according to a new report by Presto Research.

IBIT, with just $75 billion in assets under management, is expected to bring in $187.2 million a year from its 0.25% fee. IVV, by contrast, holds a massive $624 billion but charges just 0.03%, yielding slightly less in absolute revenue.

The difference isn’t just a quirk of fee structures—it’s a window into how institutional investors view crypto exposure in 2025. “IBIT’s fees are 8.3 times higher than IVV’s,” Presto Research notes, “but investors are paying up.”

In a world where every basis point usually matters, the willingness to pay a premium for BTC via a trusted wrapper underscores just how early we are in crypto’s institutional adoption cycle. As Presto points out, even Coinbase’s base spot trading fee is higher, at 60 bps.

IBIT’s growth story also highlights the power of brand. Institutions want Bitcoin—but they want it with BlackRock’s name on the label. While S&P 500 ETFs have become commoditized, crypto ETFs still command premium pricing.

With IBIT holding the lion’s share of Bitcoin ETF market inflows, it’s increasingly clear: the institutionalization of crypto isn’t coming. It’s already happening.

Market Movements:

BTC: Bitcoin surged 3.6% over 24 hours to break above $109,000, buoyed by strong volume, new support between $109,064–$109,359, and improving global sentiment following the US-Vietnam trade deal despite continued Middle East tensions.

ETH: ETH surged 8.6% to $2,608 in a high-volume breakout fueled by growing institutional interest and bullish momentum, forming new support at $2,565 and testing resistance near $2,617.

Gold: HSBC raised its 2025–2026 gold price forecasts to $3,215 and $3,125 per ounce, citing geopolitical risks and strong investor demand, according to Reuters.

Nikkei 225: Asia-Pacific markets traded mixed Thursday, with Japan’s Nikkei 225 down 0.15%, as investors awaited details of the U.S.-Vietnam trade deal announced by President Trump.

S&P 500: The S&P 500 rose 0.47% to 6,227.42 on Wednesday after Trump announced a U.S.-Vietnam trade deal, though a surprise drop in June private payrolls raised economic concerns.

Elsewhere in Crypto:

  • Ripple Applies for Federal Bank Trust Charter, XRP Jumps 3% (CoinDesk)
  • Moku Chief Business Officer shares why crypto gaming is broken — and how to fix it (Blockworks)
  • NY Bankruptcy Judge Gives Celsius the Green Light to Pursue $4.3B Lawsuit Against Tether (CoinDesk)

Food retail stocks outperform the market in first half

The stocks of most publicly traded food retailers and wholesalers soared at double-digit rates in the first half of 2025, outpacing the major stock indices amid a tumultuous six-month roller coaster of trading.

As the market bounced up and down based in part on the Trump Administration’s announcements about proposed new tariffs on imported goods, along with concerns about a potential economic slowdown, many food retailers provided a safe haven for investors.

Dollar General led the pack with gains of 51.1% in the six months through June 30, closing at $115.30. In fact, the company led all stocks in the S&P 500 Index through the first half of the year, as detailed in a recent Wall Street Journal report.

“They aren’t quite the opposite of AI, but they are the opposite of the growth story that investors are warming up to once again,” the newspaper said.

Shortly before the end of the first half, the S&P hit a new record high, buoyed by signs of progress in international trade talks and expectations of lower interest rates. The index had plunged sharply in April after the administration first unveiled plans for sweeping tariffs that would have imposed large levies on goods from almost all countries.

Dollar General’s stock got a boost from its own first-quarter performance as well, which beat analysts’ expectations, and from the company’s improved outlook for its full-year results. Likewise, Dollar Tree also had a strong first quarter and raised its forecast for the full year, helping drive its share price up 31% for the first half, to $99.04, despite its warning that increased tariffs would drive down its second-quarter profitability.

Related:Calls for Walmart boycott following heiress’s newspaper ad rebuking Trump

SpartanNash saw its shares close the first half up 43.6%, to $26.49, after the company agreed to be acquired by C&S Wholesale Grocers for $26.90 per share, or about $1.77 billion.

Gainers outpace decliners

Other U.S. food retailers posting strong gains in the first six months of 2025 included:

  • Sprouts Farmers Markets, up 29.1%

  • BJ’s Wholesale, up 20.4%

  • Village Super Markets, up 20.1%

  • Kroger Co., up 16.4%

  • Ahold Delhaize, up 12.4%

  • Albertsons Cos., up 9.2%

  • Walmart, up 8.7%

  • Costco Wholesale, up 8.2%

  • Weis Markets, up 6.8%

Canadian companies also had a strong first half, where dollar store chain Dollarama also led all food retailers with gains of 36.3%. Empire Co., the parent of the Sobeys chain, saw its shares rise 28.4% on the Toronto Stock Exchange, and Loblaw Cos. and Metro Inc. were up 18.5% and 18.4%, respectively.

Most of the gainers in both the U.S. and Canada reported ongoing sales growth and a cautiously optimistic outlook, with a close eye on inflation and consumer spending but with little exposure to the potential cost increases from new tariffs.

Related:Grocery shoppers blame tariffs, government policies for high prices

A handful of U.S. food retailers saw their share prices decline in the first half, including Target Corp., which was down 27.3% as the company continued to see its sales and profits erode in the first quarter. The company also lowered its sales and profit outlook for the year as traffic slid and the company struggled with distribution issues.

Grocery Outlet, meanwhile, saw its stock fall 21.6% after the company reported ongoing issues related to a technology implementation and eroding profit margins. Wholesaler UNFI was down 15.3% for the six months, tumbling after the company last month reported a cyberattack that forced it to shut down its computer systems, including its electronic ordering and invoicing technology. Last week the company said it had restored its core systems, nearly three weeks after it first reported the incident.

Ingles Markets and Natural Grocers by Vitamin Cottage were both down a little more than 2% through June 30.

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Canadian fintech Mogo’s $50M Bitcoin reserve plan ignites 140% share surge at market opening

Canadian fintech Mogo announced on July 2 that its board had cleared up to $50 million for staged Bitcoin purchases as a long-term treasury reserve, prompting its shares to jump 140% at market opening on the Toronto Stock Exchange.

MOGO closed July 1 priced at 1.74 Canadian dollars, worth roughly $1.28. It opened on July 2, priced at 4.18 Canadian dollars, equivalent to $3.08. The move is the largest daily increase in Mogo’s shares since 2021.

As of press time, MOGO was trading at 3.60 Canadian dollars, up roughly 107% over the past 24 hours.

The firm told investors it will fund the allocation with surplus cash and future portfolio monetizations once the WonderFi–Robinhood sale closes in the second half of 2025.

Management expects to hold approximately $50 million in cash and investments at that point. It plans to convert the balance into Bitcoin in tranches, while maintaining sufficient working capital for its lending, wealth management, and payments arms.

President and co-founder Greg Feller said the move continues a crypto strategy that began with Canada’s first retail Bitcoin account in 2018 and the firm’s initial balance sheet purchase in 2020.

Bitcoin reserve and capital benchmark

Management will now test every deployment of corporate capital, such as mergers, product investments, and share buybacks, against an internal Bitcoin hurdle rate and will reject projects expected to yield returns that lag behind the asset’s long-term return. 

Feller called the rule “a new bar for capital discipline” and framed it as a hard-coded check on incremental spending.

CEO David Feller linked the policy to Mogo’s “Warren Buffett” behavioral framework, which stresses long-horizon decisions and mental focus. 

The company will embed Bitcoin across its businesses in a “Wealth” model, consisting of a 60/40 equity and Bitcoin portfolio on the $400 million assets under management platform, and a lending arm with collateralised BTC loans aimed at lower borrowing costs.

Furthermore, an effort to explore stablecoin rails will focus on $12 billion in annual cross-border volume.

Mogo holds minority stakes in Gemini and Hootsuite, which it can liquidate to accelerate purchases. It also retains indirect exposure through a 12% stake in WonderFi, the parent of Canada’s largest independent crypto exchange.

Side View Ventures Hosts Exclusive Midland Cap Table Dinner Bridging Energy, Security, and Tech Conversations


Side View Ventures Hosts Exclusive Midland Cap Table Dinner Bridging Energy, Security, and Tech Conversations – Toronto Stock Exchange News Today – EIN Presswire

























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Bombardier shares up after deal for 50 jets valued at US$1.7B (Business)

Shares in Bombardier Inc. were up more than 10 per cent in early trading after announcing a firm order for 50 of its Challenger and Global aircraft combined with a services agreement.

The company valued the deal with the unidentified buyer at a total of US$1.7 billion.

Aircraft deliveries are expected to begin in 2027.

Bombardier also says the buyer, a first-time Bombardier customer, will hold 70 new aircraft purchase options.

The company says if all the purchase options are exercised, the combined aircraft and service agreements’ value would top US$4 billion.

Bombardier shares were up C$15.27 at C$133.91 in trading on the Toronto Stock Exchange.

Bombardier shares up after deal for 50 jets valued at US$1.7B

MONTREAL – Shares in Bombardier Inc. were up more than 10 per cent in early trading after announcing a firm order for 50 of its Challenger and Global aircraft combined with a services agreement.

The company valued the deal with the unidentified buyer at a total of US$1.7 billion.

Aircraft deliveries are expected to begin in 2027.


Bombardier employees work on an aircraft in Dorval, Que., on Monday, April 14, 2025.  THE CANADIAN PRESS/Christinne Muschi
Bombardier employees work on an aircraft in Dorval, Que., on Monday, April 14, 2025. THE CANADIAN PRESS/Christinne Muschi

Bombardier also says the buyer, a first-time Bombardier customer, will hold 70 new aircraft purchase options. 

The company says if all the purchase options are exercised, the combined aircraft and service agreements’ value would top US$4 billion.

Bombardier shares were up C$15.27 at C$133.91 in trading on the Toronto Stock Exchange.

This report by The Canadian Press was first published July 2, 2025.

Companies in this story: (TSX:BBD.B)

Post From Community: Molson Coors and Light the Hoan announce 2025 Shine a Lite grant recipients

Editor’s note: Post From Community is the place for community announcements and event postings. If you have a community-oriented event you feel our readers would be interested in, please submit here.

By Molson Coors Beverage Company

Advertisement

MILWAUKEE – July 1, 2025 – In celebration of Miller Lite’s 50th anniversary, five Milwaukee

nonprofits have been selected as 2025 Shine a Lite grant recipients by Molson Coors Beverage Company and Light the Hoan. Now in its fifth year, the Shine a Lite program honors local organizations that are making a lasting difference in the community. Each selected nonprofit willreceive a $10,000 grant from Miller Lite to support its mission, along with the opportunity to illuminate Milwaukee’s iconic Hoan Bridge in its own colors.

“Every night that the bridge lights up, it’s a reminder of the strength and generosity within our city,” said Alison Hanrahan, community affairs manager, Molson Coors. “As Miller Lite marks its 50th anniversary, Shine a Lite is not just lighting up the skyline; we’re helping elevate the voices and causes that are shaping Milwaukee’s future.”

The 2025 Shine a Lite grants are being awarded to nonprofit organizations that align with Molson Coors’ core values and long-standing commitment to community impact. This year’s recipients were selected for their work in civic leadership, economic empowerment and sustainability.

2025 Shine a Lite grant recipients

Friends of Lakeshore State Park
Connects the community to Milwaukee’s lakefront through environmental preservation and hands-on volunteer opportunities.

BizStarts
Guides local entrepreneurs in turning ideas into thriving businesses by offering individualized coaching and access to essential tools.

Riverworks Development Corporation
Strengthens Milwaukee’s Harambee and Riverwest neighborhoods by supporting small businesses and improving public spaces.

Keep Greater Milwaukee Beautiful
Inspires environmental responsibility through education, cleanups and programs that make sustainability accessible to all ages.

Community Advocates
Offers critical support services that help Milwaukee residents overcome barriers to safe housing, mental wellness and economic stability.

“These nonprofits each have a compelling story to tell about the lasting impact they’re making in Milwaukee,” said Erika Smith, executive director, Light the Hoan. “Shining a light on them gives our entire city a chance to recognize, celebrate and rally behind their missions.”

As part of the Shine a Lite program, recipients will also be invited to a celebratory kickoff event hosted by Miller Lite. The gathering offers a chance to network with fellow grant recipients, celebrate their work, share insights and build lasting connections.

For more information about the Shine a Lite program, visit https://lightthehoan.com/shine-a-lite-program/.

About Molson Coors Beverage Company

For more than two centuries, Molson Coors has brewed beverages that unite people to celebrate all life’s moments. From our core power brands Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Ožujsko to our above premium brands including Madri Excepcional, Staropramen, Blue Moon Belgian White and Leinenkugel’s Summer Shandy, to our economy and value brands like Miller High Life and Keystone Light, we produce many beloved and iconic beers. While Molson Coors’ history is rooted in beer, we offer a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like Vizzy Hard Seltzer, spirits like Five Trail whiskey and non-alcoholic beverages like ZOA Energy. As a business, our ambition is to be the first choice for our people, our consumers and our customers, and our success depends on our ability to make our products available to meet a wide range of consumer segments and occasions. Molson Coors Beverage Company is a publicly traded company that operates through its Americas and EMEA&APAC reporting segments and is traded on the New York Stock Exchange and Toronto Stock Exchange. To learn more about Molson Coors Beverage Company, visit molsoncoors.com.

About Light the Hoan

Light the Hoan is a non-profit organization dedicated to illuminating and uniting Milwaukee. The lights on the Daniel Hoan Memorial Bridge, first lit in October 2020, celebrate the city’s resilience, creativity, and generosity.

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Eagle Royalties and Summit Royalty Execute Definitive Agreement for Reverse Takeover of Eagle Royalties

TORONTO, ON / ACCESS Newswire / July 2, 2025 / Summit Royalty Corp. (“Summit”) and Eagle Royalties Ltd. (CSE:ER.CN) (“Eagle”) are pleased to announce that they have entered into a definitive amalgamation agreement (the “Amalgamation Agreement”) in respect of a reverse takeover transaction (the “RTO”), pursuant to which Summit will “go-public” by way of a reverse takeover of Eagle. In this news release, references to the “Resulting Issuer” are to Eagle after the closing of the RTO.

Transaction Particulars and the Definitive Agreement

On June 30, 2025 Eagle, Summit and a newly-formed subsidiary of Eagle (“Eagle Subco”) incorporated under the Business Corporations Act (Ontario) (the “OBCA”), entered into the Amalgamation Agreement, which provides for, among other things, a three-cornered amalgamation (the “Amalgamation”) pursuant to which (i) Eagle Subco will amalgamate with Summit under Section 174 of the OBCA to form one corporation, (ii) the securityholders of Summit will receive securities of the Resulting Issuer in exchange for their securities of Summit at an exchange ratio of five Resulting Issuer shares for each outstanding share of Summit (subject to adjustments in accordance with the Amalgamation Agreement) (the “Exchange Ratio”), and (iii) the transactions will result in a reverse takeover of Eagle, all in the manner contemplated by, and pursuant to, the terms and conditions of the Amalgamation Agreement. A copy of the Amalgamation Agreement will be available electronically on SEDAR+ ( www.sedarplus.ca ) under Eagle’s issuer profile in due course.

The Exchange Ratio implies estimated consideration of C$0.18 per Eagle share, representing a premium of 47% based on Eagle’s closing price on June 30, 2025 on the Canadian Securities Exchange.

Drew Clark, President and Director of Summit, stated: “We are excited to announce this RTO with Eagle as we move toward a public listing and the combination of two strong royalty portfolios. Eagle’s portfolio of royalties, notably including a royalty on a portion of Banyan’s 7Moz AurMac Gold Project, coupled with over 35 royalty interests predominately in Canada, will provide excellent optionality that will complement our cash-flowing portfolio. We look forward to partnering with Eagle shareholders as we work to aggressively grow our business after we close the RTO.”

Tim J. Termuende, President, CEO and Director of Eagle, stated: “We are very pleased to announce the RTO and partnership with Summit as Eagle enters this new and exciting chapter in its development. We believe that this transaction immediately unlocks value for Eagle shareholders through a significant upfront premium and look forward to becoming meaningful shareholders in the combined company. Summit’s team of experienced royalty professionals will unlock significant value for Eagle’s shareholders through the addition of Summit’s current portfolio of cash-flowing royalty and streaming assets. I’d like to thank Eagle’s shareholders and team for all of their continued efforts and support in this transaction. The transaction with Summit will accelerate the growth and development of the combined company.”

As part of the RTO, and subject to any required shareholder and regulatory approvals, Eagle will: (i) change its name to “Summit Royalty Corp.” or such other name as may be requested by Summit; (ii) change its stock exchange ticker symbol to a symbol to be determined between the parties and acceptable to the target stock exchange (the “Exchange”) on which the shares of the Resulting Issuer will trade (which may be the Canadian Securities Exchange (the “CSE”) or the TSX Venture Exchange, as may be determined by Summit); (iii) reconstitute the board of directors and management of the Resulting Issuer; (iv) continue under the OBCA following completion of the RTO; (v) adopt a new equity compensation plan; (v) change its auditor; and (vi) if requested, consolidate its issued and outstanding shares at a consolidation ratio to be agreed between the parties (the “Consolidation”).

Eagle intends to call an annual and special meeting of its shareholders to approve various corporate actions and seek approval of the RTO, which will result in a Fundamental Change (as defined in the policies of the CSE), by at least a majority of its shareholders pursuant to the policies of the CSE. In support of the RTO, all the directors and officers of Eagle, representing approximately 22% of the outstanding common shares of Eagle have entered into voting support agreements with Summit in support of the RTO (the “Eagle Support Agreements”). In addition, all of the directors and officers and certain shareholders of Summit representing approximately 78% of the outstanding common shares of Summit have entered into voting support agreements with Eagle in support of the RTO (the “Summit Support Agreements”, together with the Eagle Support Agreements, the “Support Agreements”).

The Amalgamation Agreement was negotiated at arm’s length between representatives of Eagle and Summit. The board of directors of each of Eagle and Summit determined that the RTO is fair to the shareholders of Eagle and Summit, respectively.

The common shares of Eagle will remain halted pending further filings with the Exchange.

The Resulting Issuer is expected to be owned approximately (i) 80% by current shareholders of Summit, (ii) 20% by the current shareholders of Eagle, after giving effect to the RTO and without taking into account the effect of any financings before completion of the RTO.

The full particulars of the RTO, the material properties of the Resulting Issuer, and the Resulting Issuer will be described in the management information circular of Eagle (the “Circular”), which will contain the information required pursuant to listing statement requirements under the policies of the Exchange. A copy of the Circular will be available electronically on SEDAR+ ( www.sedarplus.ca ) under Eagle’s issuer profile in due course.

Completion of the RTO is subject to a number of conditions, including, but not limited to, Exchange acceptance and required shareholder approvals of Eagle and Summit. There can be no assurance that the RTO will be completed as proposed or at all. The completion of the RTO is also subject to other customary conditions for a transaction of this nature.

Investors are cautioned that, except as disclosed in the Circular to be prepared in connection with the RTO, any information released or received with respect to the RTO may not be accurate or complete and should not be relied upon. Trading in the securities of Eagle should be considered highly speculative.

Neither Exchange has in any way passed upon the merits of the proposed RTO and has neither approved nor disapproved the contents of this news release.

Attributes of the Resulting Issuer

The formation of the Resulting Issuer creates a public Canadian junior royalty and streaming company focused on precious metals. Following the completion of the RTO, the Resulting Issuer is anticipated to own interests in the following key assets:

  • Bomboré Silver Stream (Ganzourgou Province, Burkina Faso) – a 50% silver stream on the operating Bomboré Mine owned and operated by Orezone Gold Corporation;

  • Pitangui Royalty (Minas Gerais, Brazil) – an $80/oz production royalty on the first 250 Koz of gold sold, and a 1.5% NSR royalty thereafter on the Pitangui project currently under development by Jaguar Mining Inc.;

  • AurMac Gold Project (Yukon, Canada) – a 0.5% to 2.0% NSR on the AurMac Gold Project operated by Banyan Gold Corp.;

  • Zancudo Royalty (Titiribi, Colombia) – a 0.5% NSR royalty on the operating Zancudo Mine owned and operated by Denarius Metals Corp.; and

  • Lavras do Sul Royalty (Rio Grande do Sul, Brazil) – a 3.0% NSR royalty on the over 5,000 Ha Lavras do Sul project owned by Lavras Gold Corp.

It is anticipated that the Bomboré Silver Stream and the Pitangui Royalty will be the only material interests in a mineral project of the Resulting Issuer, for purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects , following the completion of the RTO.

Board and Management Composition and Biographies

The Board of Directors of the Resulting Issuer is expected to include Andrew Clark, Jerrold Annett, Steven Eddy, Russell Mills and Blair Zaritsky.

Management of the Resulting Issuer is expected to include Andrew Clark (President, Chief Executive Officer and Director) and Connor Pugliese (Vice President, Corporate Development).

The following are biographies of the currently proposed directors and senior officers of the Resulting Issuer:

Drew Clark, CFA | President, Chief Executive Officer & Director: Drew is currently the President and Director of Summit. Drew has completed over $300 million of royalty deals through more than 30 transactions over the last 12 years. He was most recently VP of Corporate Development and first employee hired at Metalla Royalty & Streaming (TSX:MTA), where he was vital in helping to grow the company’s portfolio from 18 to 100+ royalties and streams. He was previously VP Corporate Finance at a boutique investment bank and held other senior corporate development roles at Carlisle Goldfields and Premier Royalty, acquired by Alamos Gold and Sandstorm Gold, respectively. Drew started his career in equity research, becoming a published analyst prior to joining the issuer side in 2012.

Jerrold Annett, P.Eng. | Director: Jerrold has over 30 years of mining and capital markets experience, most recently as Senior Vice President, Strategy & Capital Markets at Capstone Copper. He has over a decade of mining sales experience, including nine years as head of mining sales at Scotiabank, a position he left to join Arizona Mining, which was acquired for $1.6 billion in cash. A professional engineer by background, Jerrold started his career working for Teck Resources and Falconbridge as a metallurgist.

Steven Eddy | Director: Steven most recently served as a Senior Vice President, Business Development, at IAMGOLD, where he led several enterprise-defining initiatives, including securing a joint venture partner and restructuring a gold development project exceeding $1 billion in capital. He has successfully executed over $900 million in acquisitions and $2.4 billion in divestitures, managing end-to-end deal processes involving strategic asset sales, joint ventures, and international negotiations.

Russell Mills, CFA, MFin. | Director: Russell is currently a Partner at Mills Dunlop Capital Partners (“MDCP”), a boutique investment banking firm. He has nearly 20 years of experience advising mining companies, including recently as Managing Director, Investment Banking at a Toronto based Investment Bank for 10 years before becoming a Partner with MDCP. He has significant experience with executing complex merger and acquisitions and sophisticated equity transactions.

Blair Zaritsky, CA, CPA | Director: Blair is currently CFO of Osisko Metals (TSXV:OM) and was the founding CFO of Osisko Mining (formerly, TSX:OSK), advancing the company from its go-public event to its all-cash acquisition by Gold Fields for over C$2.1 billion. Blair has raised over C$1.0 billion and completed over ten public M&A transactions during his 13-year tenure. Blair has also sat as audit chair on multiple boards throughout his career.

Connor Pugliese | Vice President, Corporate Development: Connor is currently Vice President, Corporate Development at Summit. Connor is a corporate development professional with a strong background in finance and the mining sector. Before joining Summit, he worked at Redwood Materials, supporting the company’s growth in the sustainable battery materials space. Prior to Redwood, he spent over four years at Triple Flag Precious Metals, where he helped execute over $1B in royalty and streaming deals. Connor began his career in investment banking, advising on M&A and capital markets transactions across the metals and mining sector.

More from this section

Advisors

Bennett Jones LLP is legal counsel to Summit and Haywood Securities Inc. is financial advisor to Summit. McLeod Law LLP is legal counsel to Eagle.

About Eagle Royalties Ltd.

Eagle Royalties benefits from maintaining a strong treasury and holds a diverse portfolio of over 35 royalty interests in western Canada. Target commodities subject to royalties include a broad spectrum including critical metals, precious metals and industrial minerals. Its flagship royalty is associated with the AurMac Project located in Yukon, operated by Banyan Gold Corp. Eagle Royalties holds royalty interests ranging from 0.5% to 2% on claims that contain a significant portion of AurMac’s inferred gold resource located at the Powerline and Airstrip deposit areas. Eagle Royalties also holds royalty interests on a number of historical base metal deposits located in Western Canada.

About Summit Royalty Corp.

Summit is a private precious metals streaming and royalty company with an aggressive growth trajectory. Summit’s current portfolio is backstopped by cash flow production with additional expansion and exploration upside. Summit intends to rapidly expand to be the next mid-tier streaming and royalty company through a series of actionable and accretive acquisitions which, given Summit’s size, can have an outsized effect on its production and cash flow growth. Summit currently has no debt and sufficient cash on-hand for use in future acquisitions.

ON BEHALF OF THE BOARD OF DIRECTORS OF EAGLE ROYALTIES LTD.

Tim J. Termuende

President, Chief Executive Officer and Director

Eagle Royalties Ltd.

For more information contact:

Mike Labach, Business Development Officer

1 866 HUNT ORE (486 8673)

ON BEHALF OF THE BOARD OF DIRECTORS OF SUMMIT ROYALTY CORP.

Drew Clark

President and Director

Summit Royalty Corp.

For more information contact:

Connor Pugliese, Vice President of Corporate Development

connor@summitroyalty.com

Forward-looking Statements

Certain statements contained in this news release may be deemed “forward‐looking statements” within the meaning of applicable Canadian securities laws. These forward‐looking statements, by their nature, require Eagle and Summit to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward‐looking statements. Forward‐looking statements are not guarantees of performance. Words such as “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate”, “continue”, or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward‐looking statements. Information contained in forward‐looking statements, including with respect to the ability to satisfy or waive on satisfactory terms any conditions to the completion of the RTO (including but not limited to any required regulatory and shareholder approvals), ability to complete the RTO (if at all), the anticipated listing of the Resulting Issuer shares on the Exchange, anticipated benefits of the RTO (including anticipated synergies from combining Summit and Eagle’s royalty portfolios and value for shareholders and impact on cash-flow), the expected premium to be realized by Eagle shareholders, the impact of Summit’s experienced team, expected ownership of the Resulting Issuer, and the expected growth, expansion and development of Summit and the Resulting Issuer (including potential actionable and accretive acquisitions), and ability for Summit to become a mid-tier streaming and royalty company are based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, current information available to the management of Eagle and Summit, as well as other considerations that are believed to be appropriate in the circumstances. Eagle and Summit consider their respective assumptions to be reasonable based on information currently available, but caution the reader that their assumptions regarding future events, many of which are beyond the control of Eagle and Summit, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect Eagle and Summit, and their respective businesses.

For additional information with respect to these and other factors and assumptions underlying the forward‐looking statements made in this news release concerning Eagle, see the section entitled “Risks and Uncertainties” in the most recent management discussion and analysis of Eagle which is filed with the Canadian securities commissions and available electronically under Eagle’s issuer profile on SEDAR+ ( www.sedarplus.ca ). The forward‐looking statements set forth herein concerning Eagle and Summit reflect management’s expectations as at the date of this news release and are subject to change after such date. Eagle and Summit disclaim any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, other than as required by law.

The Exchange has not reviewed and does not accept 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.

SOURCE: Eagle Royalties Ltd.

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Canadian company acquires Cosgroves

A Canadian company with an international reach in sustainable engineering and environmental consulting has bought Christchurch-headquartered engineering firm Cosgroves.

The Toronto Stock Exchange and New York Stock Exchange-listed Stantec paid an undisclosed sum for its latest acquisition.

Cosgroves has more than 90 staff across New Zealand and works with clients, architects, project managers and other professionals in consulting engineering on private and public building projects such as the redevelopment of the Christchurch Town Hall.

Stantec said the addition of Cosgroves would expand its buildings engineering capabilities in New Zealand, particularly in fire engineering, electrical, mechanical, hydraulics, buildings sustainability, and civil expertise.

Cosgroves was expected to support Stantec’s growth in healthcare, advanced manufacturing and data centres.

The acquisition will increase Stantec’s market presence in New Zealand by about 10%, to more than 900 staff.

Stantec president and chief executive officer Gord Johnston said bringing Cosgroves onboard would diversify its offerings and reinforce its position among top-ranked firms in New Zealand.

“Our two firms have shared values and a history of working together, and our complementary strengths will support our strategic plan in a key region we’ve identified as a core area for growth.”

The combined Cosgroves and Stantec team sees itself nicely positioned to make the most of increased public funding in healthcare in the next decade, and to increase market share in New Zealand and Australia.

Cosgroves founding director Brady Cosgrove said the company had delivered reliable, sustainably focused services for nearly 30 years and was now facing an exciting opportunity for growth.

Stantec said it had experienced strong business growth in New Zealand in the water, transportation, and government sectors and expanded its regional footprint with the acquisition of Cardno, Traffic Design Group (TDG), and MWH.

In 2019 Stantec bought Australian buildings engineering firm Wood & Grieve Engineers.

Cosgroves has provided consulting engineering services for projects such as the Rutherford Regional Science and Innovation Centre at the University of Canterbury, Invercargill Central central business district redevelopment, Manukau Health Park, Christchurch Hospital’s outpatients building and the development of the Court Theatre.

tim.cronshaw@odt.co.nz

Ethereum Hits $2,600 Wall, XRP Awaits Court Ruling, BlockDAG’s GLOBAL LAUNCH Release Offers BDAG at $0.0016

Price trends often go beyond charts. They’re shaped by timing, decisions, and real utility. Ethereum is testing major resistance at $2,600, and analysts are watching to see if strong institutional inflows can push it higher. At the same time, the XRP price outlook hinges on both legal outcomes and ETF momentum that could change its path dramatically.

Meanwhile, BlockDAG is gaining traction for how it’s rewarding its early community. With its mainnet on the way, the project is engaging users across different roles, testers, referrers, buyers, and promoters, to fuel ecosystem growth. Through the BlockDAG GLOBAL LAUNCH release, users can unlock an exclusive $0.0016 price. That’s sparking serious FOMO as the window stays open.

BlockDAG Builds Early Network Through Role-Based Rewards

As mainnet launch draws near, BlockDAG is creating a hands-on ecosystem by rewarding four types of early contributors: testers, buyers, promoters, and referrers. Each group supports the project in unique ways. Testers help fine-tune the Beta Testnet, report bugs, and deploy contracts. Buyers are rewarded based on when they join the presale. Promoters earn BDAG by posting on X, creating content, and joining Telegram. Referrers earn 25% for every successful invite, while the invited user gets 5% too.

This role-based system doesn’t just hand out rewards; it builds experience and community strength before launch. So far, BlockDAG has raised $327 million and sold over 23.4 billion coins. Currently in batch 29 at $0.0276, early buyers have already seen a 2,660% ROI since batch 1. New buyers still have a chance at similar gains as the GLOBAL LAUNCH release allows buyers to unlock $0.0016 pricing for all buys until August 11. This is one of the most attractive entry points since the project began.

BlockDAG Builds Early Network Through Role-Based Rewards

BlockDAG’s strategy is built around participation, not speculation. By offering rewards across multiple user roles, it strengthens its foundation and prepares for a scalable launch. As tasks are completed and more users join in, BlockDAG looks ready to hit mainnet with a trained, loyal base behind it.

Ethereum Price Analysis Focuses on $2,600 Resistance

Current Ethereum price analysis shows a major challenge at the $2,600 resistance line. Analyst Michaël van de Poppe warns that breaking above this level is crucial for ETH to maintain its upward push. A rejection could lead to short-term dips, testing lower support before regaining momentum.

This situation is made more complex by weekend volatility, which can cause sharp swings. Still, Ethereum price analysis offers a bright spot: strong institutional activity. Over the last month, ETH has pulled in 56% more inflows than Bitcoin, according to ETF data, which shows growing investor confidence.

Ethereum Price Analysis Focuses on $2,600 Resistance

These inflows suggest that Ethereum could be near a bottom, even if resistance is still in play. If it breaks $2,600, it could set the tone for summer gains. That’s why all eyes are on this key level; it could define Ethereum’s next chapter.

XRP Price Outlook Hinges on Court Decision and ETF Progress

Right now, the XRP price outlook is being shaped by two major factors: the ongoing SEC case against Ripple and the rise of ETF products. A ruling from Judge Torres is expected soon on a joint motion filed June 12, which aims to lift restrictions on institutional XRP sales. If granted, there’s a 70% chance of success, which could also lead Ripple to drop its appeal.

Meanwhile, the first XRP-spot ETF in North America, launched by 3iQ on the Toronto Stock Exchange, pulled in C$32 million in just three days. That kind of early traction signals growing demand.

XRP Price Outlook Hinges on Court Decision and ETF Progress

If the court rules in Ripple’s favor and ETF interest keeps rising, XRP could challenge resistance at $2.33 and potentially revisit highs above $2.65. But if the motion is denied or delayed, it may drop below $2.09 support. The XRP price outlook now sits at a crossroads, and the outcome could spark a big move in either direction.

Summing Up

Ethereum is holding just below a critical resistance. XRP is bracing for a legal verdict that could change its price direction. Both have key catalysts that could drive serious volatility.

BlockDAG, on the other hand, is locking in long-term strength by rewarding users before the market even opens. Through structured roles and hands-on involvement, it is building real participation, not just hype. While Ethereum and XRP wait on external triggers, BlockDAG is creating its own momentum with real community backing.

That mix of timing, value, and preparation is exactly what makes it a top crypto to watch right now.

XRP Price Outlook Hinges on Court Decision and ETF Progress

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu 






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