Category: Canada

Bob Dhillon, the founder, president & CEO of Mainstreet Equity Corp., believes the time is now for his company to accelerate growth — citing a unique convergence of market forces, liquidity and a long-standing mid-market strategy rooted in Western Canada.

“I’ve never seen the stars line up more than right now,” Dhillon told RENX. “We’re at a critical size — 18,683 apartment units — and we’ve got liquidity in both 2025 and 2026. Our liquidity for 2025 is around $460 million.”

Dhillon said Mainstreet’s strategy and focus on Western Canadian urban centres continues to differentiate the company from competitors. “Our strategy hasn’t changed: mid-market, add value, Western Canada.”

Recently the company reported its Q2 results for the period ended March 31, indicating the 14th consecutive quarter of double-digit year-over-year growth. Financial results also include annual growth of 12 per cent for rental revenue, 15 per cent for net operating income and 16 per cent for funds from operations.

Net profit was $91.5 million compared with $33.6 million a year ago.

At the end of the quarter, the company had a portfolio of 18,683 units – 10,389 in Alberta, 4,255 in British Columbia, 3,634 in Saskatchewan, and 405 in Manitoba. Its IFRS asset value was $3.56 billion.

How Mainstreet is fuelling its growth

The company’s real estate investment model is firmly based in mid-market apartment buildings — assets often overlooked by institutional capital.

“Let’s talk about mid-market, smaller buildings, because 80 per cent of the buildings are smaller in size, which does not generally speaking attract institutional capital,” he explained.

The second pillar of the strategy is adding value to older properties. “The whole universe is 40 to 70 years old and it needs tender loving care. So we only buy assets that require tender loving care, we fix ’em up and we increase our top-line revenue by 25 to 40 per cent. It flows to the bottom line.”

Mainstreet’s portfolio is deeply rooted in Alberta and Saskatchewan, though the company has made significant inroads into British Columbia in recent years. He said much of the institutional capital is “swimming around” Ontario and Quebec. 

“We’re known as an Alberta company, but 42 per cent of our net asset value is British Columbia and predominantly Vancouver, Lower Mainland—Surrey, Abbotsford, New West, so forth,” Dhillon said. “Fifty per cent of our growth came from British Columbia in 2024.”

The company has assets across 20 urban markets in Western Canada: “We are focused on inner-city, and we are market leaders. We keep aggregating, adding value and keep going.”

A rare counter-cyclical opportunity

Dhillon describes the current environment as a counter-cyclical opportunity — driven not by weak fundamentals, but by psychological and macroeconomic shifts in perception.

“Usually when countercyclical opportunities (arise), it’s when the fundamentals change drastically. Right now, fundamentals are pretty much intact,” he said. “Interest rates are dropping. The oil patch is somewhat steady. Migration to the west is strong: 200,000 people moved into Alberta in 2024.”

The opportunity, Dhillon believes, stems from uncertainty.

“It’s a countercyclical opportunity because of the tariffs, potential slowdown in the economy, all the dark clouds. Everybody is saying the economy is slowing down. A lot of capital is sitting on the sideline. And our fundamentals — from cash flow, NOI, growth, interest rates — everything is rock solid.

“Our average rent is $1,200 in the whole portfolio. We are the best-quality providers of workforce accommodation,” Dhillon said.

A major piece of Dhillon’s investment thesis is affordability and replacement cost. With new construction prices soaring, Mainstreet’s portfolio sits in a sweet spot.

“Replacement cost is approximately $400,000 a door. Our average price is from $100,000 to $150,000 a door. That’s the secret sauce to my business.

“You will not get new supply until rents go up considerably to justify developers to develop new product because you need roughly $2,700 to $3,300 rents to create new product. I’m at $1,200.”

Focus on the mid-market sector

This affordability is especially critical given that, “60 per cent of all Canadians make less than $50,000 a year. So how do they afford a $3,000 rent? They don’t. They double up, share suites — they make it work.”

Dhillon said there is a rental supply constraint but it’s even bigger in the mid-market space which Mainstreet focuses on.

One of Mainstreet’s key priorities is its “cluster” strategy where it operates a number of properties within certain areas of a city, particularly inner-city where Millenials want to be, along major transit routes and LRT lines. One example of that is Edmonton’s ICE District.

Mainstreet’s customer base is driven by young Canadians and new arrivals.

“A large percentage of our customer base is Millennial and Z cohort. We pride ourselves on being inner-city market leaders in inner-city living,” Dhillon said. “Also immigrants, international students, and foreign workers. These are the guys who need transit, want to live inner-city.”

The company is also benefiting from policy and infrastructure shifts, particularly in Alberta: “We’re in a really good position because of [changing] zoning and density in inner-city Calgary,” he said. “It’s exactly where all our properties are.”

Mainstreet is celebrating its 25th year on the Toronto Stock Exchange, and Dhillon isn’t shy about highlighting its organic growth.

“Very few companies have grown organically from zero to $3.6 billion in asset base and double-digit returns,” he said. “We also still have a 47 per cent debt-to-equity ratio. We are really underleveraged and this new cycle of density zoning is going to be another cycle of opportunity for Mainstreet.”

The company’s focus now? Doubling down on its proven model.

“There was a gap in the mid-market space. There was a gap in add value. There was a gap in serious institutional capital in Western Canada. So a combination of these three things gave us . . . an opportunity to not only create double-digit returns for our shareholders but also improve the life of middle-class Canadians.”

The US Value Fund is sub-advised by Putnam Investments and invests in undervalued US companies with strong cash flow. It uses a concentrated portfolio approach, with emphasis on stock selection and risk management. 

Manulife Investment Management has launched ETF series of four existing mutual funds, all now trading on the Toronto Stock Exchange.  

The new series provide intraday liquidity and additional structuring options for advisors. 

• Manulife Fundamental Equity Fund – ETF Series (MFUN): offers exposure to Canadian, US, and global equities. 

CI Global Asset Management has launched mutual fund versions of three of its ETFs through a dual-class structure. These funds are now available in Series A, F, I, and P. Management fees range from 0.25 percent to 0.55 percent. 

LongPoint Asset Management will launch Canada’s first domestically listed triple-leveraged index ETFs on May 23.  

Futures tied to Canada’s main stock exchange ticked slightly higher on Thursday, after the index edged away from a recent record high in the prior session, News.az reports citing Investing.

By 06:43 ET (10:43 GMT), the  index standard futures had risen by 2 points, or 0.1%.

’s S&P/TSX composite index fell by 214.46 points, or 0.8%, on Wednesday, retreating from an all-time closing high and ending a 10-day winning streak.

A jump in Canadian 10-year yields to their highest level since January weighed on equities. Investors have been cutting bets that the Bank of Canada will pursue interest rate reductions since recent data showed hot underlying inflation in April.

U.S. stock futures muted

U.S. stock index futures traded in a muted fashion Thursday, steadying after the previous session’s sharp selloff on concerns over high U.S. debt levels.

At 06:56 ET,  slipped 33 points, or 0.1%, while  rose 7 points, or 0.1%, and  gained 44 points, or 0.2%.

The main averages slumped on Wednesday, with the blue chip  falling over 800 points.

House passes tax and spending bill

U.S. President Donald Trump’s tax and spending bill narrowly passed the House of Representatives on Thursday morning, overcoming days of political wrangling between Republicans in control of the lower chamber of Congress.

The measure passed by a narrow 215-214 margin, with one member voting present, as all Democrats opposed the bill.

The bill now moves to the Senate, where some lawmakers are pushing for revisions, with a vote on approval expected by August.

The U.S. House Rules Committee on late Wednesday approved President Donald Trump’s expansive tax and spending bill after a nearly 22-hour session, media reports showed.

Along with the extension of 2017 tax cuts, the legislation would slash taxes charged on tips and car loans, while boosting spending on defense and border security. Reductions to key food and health programs for low-income Americans are also included in the bill.

Nonpartisan analysts have said the changes would add between $3 trillion to $5 trillion to the U.S.’s $36.2 trillion debt load.

Earlier, it was uncertain if House Speaker Mike Johnson would secure enough Republican support to pass the bill. Some GOP lawmakers demanded deeper spending cuts to offset Trump’s desired tax breaks, although Johnson said he was confident he could secure their backing to overcome united Democratic opposition.

Crude falls on OPEC+ output talk

Oil prices fell further Thursday on renewed oversupply concerns, following a report suggesting that a group of top producers was considering raising output levels once more.

At 06:57 ET,  Futures fell 2.0% to $63.63 per barrel and  futures dropped 2.1% to $60.33 per barrel.

The Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+, is discussing whether to agree on another large production increase at their meeting on June 1, Bloomberg News reported on Thursday.

OPEC+ has been in the process of unwinding output cuts, with additions to the market in May and June.

Gold prices inch lower

Gold prices dipped in European trade on Thursday, pulling back from recent gains due to a strengthening in the U.S.  that threatens the appeal of bullion from holders of foreign currencies.

However, demand for safe havens somewhat remained bolstered by persistent concerns over high U.S. debt levels and the passage of Trump’s tax bill.

 dipped 0.8% to $3,289.86 an ounce, while  for June fell 0.7% to $3,288.64/oz by 06:58 ET.

News.Az 

Maple Leaf Foods re-affirmed its commitment to promoting diversity on its Board of Directors.

Consistent with the company’s Board Diversity Policy, Maple Leaf Foods has historically maintained at least 30% women on its Board of Directors. While representation of women on the board has temporarily dropped to 27%, the company is fully committed to adding another woman director at or prior to its 2026 annual meeting of shareholders.

A copy of the company’s Board Diversity Policy specifying a commitment to maintain at least 30% representation from each gender is available online.

Headquartered in Mississauga, Ontario, Maple Leaf Foods has operations in both the United States and Canada. A publicly traded company, it is listed on the Toronto Stock Exchange under the ticker MFI.

(MENAFN– Newsfile Corp)
Rouyn-Noranda, Quebec–(Newsfile Corp. – May 21, 2025) – Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) (” Radisson ” or the ” Company “) is pleased to announce an expansion and extension of its current drill exploration program at its 100%-owned O’Brien Gold Project (” O’Brien ” or the ” Project “) located in the Abitibi region of Québec. This program expansion follows the recent completion of Radisson’s successful C$12 million financing and ongoing drilling that is demonstrating significant gold mineralization below the historic mine workings and the Project’s current Mineral Resources.

Exploration priorities will be as follows:

An additional 30,000 to 40,000 metres of drilling. Approximately 18,000 metres of the new drilling will be completed in 2025 on top of the already budgeted 22,000-metre 2025 program. The balance of the new drilling will be completed in 2026. A fourth rig will be added to the Project in June;

Expansion of the successful strategy of drilling beneath the historic O’Brien mine and the East O’Brien area of new Mineral Resources, to a depth of up to 2 kilometres (Figure 1);

Continuance of the successful strategy of pilot holes and multiple wedges to give clusters of intercepts within the favourable Piché formation with an objective of achieving a drill-hole density appropriate, at a minimum, for a future Inferred Mineral Resource ;

Stepping back and looking at broader exploration opportunities, including separate deep exploratory holes beneath the historic Thompson-Cadillac mine located west of the O’Brien mine. This will be the first drilling conducted at Thompson-Cadillac since 2020 and its first deep drilling ever.

Matt Manson, President & CEO, commented: “Since late last year, we have been achieving consistent success with our “proof-of-concept” strategy of drilling below the existing Mineral Resources at the O’Brien Gold Project with large step-outs. In particular, we are excited by what is developing with our drilling below the historic O’Brien mine workings, where multiple drill-holes have intersected high-grade gold within a large zone of multiple veins with good continuity. In Figure 2 we highlight the amount of coarse visible gold currently being logged in this drilling, both within holes with published assay results and those for which assay results are still pending. At this moment, we are in the process of greatly increasing the known scope of gold mineralization at O’Brien with each new hole. We believe an exploration target of between 3 and 4 million ounces is a reasonable objective for the Project should the style of mineralization we are seeing continue to our exploration horizon of 2,000 metres depth.”

Matt Manson continued: “Consequently, we are announcing today a considerably expanded effort to target these new areas of mineralization with additional deep drilling. In this news release we provide a discussion of the techniques we are using: pilot holes, wedges and directional drilling; and we provide a discussion of the context of our exploration: that O’Brien should not be considered a bespoke curiosity with impressive but localised high-grade gold, but is instead a broader system of mineralization with significant scale potential.”

Figure 1 : The O’Brien Gold Project, from Thompson-Cadillac/West O’Brien in the west through the O’Brien Mine to East O’Brien in long section and plan view, with current Mineral Resources.

To view an enhanced version of this graphic, please visit:

Drilling Context: O’Brien Mineral Resources, Cut-offs and Future Mineral Resources

The 2023 NI 43-101 compliant Mineral Resource Estimate (” MRE “) for the O’Brien Gold Project (“Technical Report on the O’Brien Project, Northwestern Québec, Canada” effective March 2, 2023) comprises 0.50 million ounces of Indicated Mineral Resources (1.52 million tonnes at 10.26 g/t Au), and 0.45 million ounces of Inferred Mineral Resources (1.60 million tonnes at 8.66 g/t Au). This estimate utilizes a 4.5 g/t Au bottom cut-off, at US$1,600 per oz Au with a C$:US$ exchange of 1.25, and 85% metallurgical recovery, amongst other assumptions. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Historic production at the O’Brien Mine between 1926 and 1957 is estimated at 0.59 million ounces from 1.2 million tonnes at 15.25 g/t Au.

Figure 2 : Pilot hole and wedge clusters in the O’Brien Mine and East O’Brien Areas in the west to and Trend #3 in East O’Brien. Illustrates logged instances of visible gold in both published drill holes and completed drill holes with assays pending.

To view an enhanced version of this graphic, please visit:

In Radisson’s view, both the 2023 MRE and the historic mining represent “high-graded” estimates of actual gold content in their respective volumes. In the March 2023 Technical Report for the MRE, sensitivity estimates based on alternate cut-off grades were presented. Using a 3.0 g/t Au cut-off, the Indicated Mineral Resources sensitivity was 0.58 million ounces (2.12 million tonnes at 8.46 g/t Au) and the Inferred Mineral Resource sensitivity was 0.68 million ounces (3.67 million tonnes at 5.79 g/t Au), increases of 15% and 53% respectively in contained ounces over the MRE at a 4.5 g/t Au cut-off grade.

Radisson believes that the O’Brien Project should be evaluated on the basis of a lower cut-off grade, yielding more ounces in more tonnes with greater continuity at lower average grades. Radisson’s disclosure of drill results since 2024 has been based on an assumed cut-off grade of 3 g/t Au for intercepts with mineral resource potential, and Figures 1 and 2 graphically illustrate the MRE at multiple cut-offs including 3 g/t Au. With this view, and given the recent successful drilling below the current MRE and the historic mine, Radisson believes the exploration potential of the Project is between 3 and 4 million ounces should the current density of gold mineralization, in ounces per vertical metre, continue to a nominal exploration horizon of 2,000 metres depth.

By the end of the current program, Radisson will have completed an additional 80,000-90,000 metres of new drilling since the publication of the 2023 MRE. At this time the Company will assess the completion of an updated Mineral Resource estimate. To this end, current and future drilling will be designed to attain a drill-hole density appropriate, at a minimum, to an Inferred Mineral Resource.

Drilling Approach: Deep Pilot Hole + Wedge Drilling in O’Brien’s Core Area

Radisson’s deep drilling program employs a cost-effective and time-efficient strategy that leverages both wedge and directional drilling to generate multiple branches intersecting the prospective Piché Group formation. A full-time directional drilling team is integrated with contract drillers, enhancing precision in targeting and increasing operational flexibility. Drill-hole trajectories are monitored daily to ensure accurate deviation and allow for real-time adjustments. This system provides significant optionality for subsequent branches, enabling Radisson to adapt targets without compromising the integrity of the pilot hole for future exploration.

The O’Brien project has long been known for its occurrence of coarse gold. To address the challenges this presents in sample representativity, where for example, conventional fire assay may under-report grade by missing so-called “nuggets”, Radisson has implemented a screen metallics assay method in intervals containing or proximal to visible gold. As part of ongoing efforts to improve assay reliability and scalability, the Company will soon begin testing PhotonAssay technology. This next-generation technique offers a more advanced and comprehensive solution to the coarse gold challenge by enabling rapid, non-destructive analysis of larger sample volumes.

Qualified Person

Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, P.Geo, (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Nieminen is independent of Radisson and the O’Brien Gold Project.

About Radisson Mining

Radisson is a gold exploration company focused on its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O’Brien Mine, considered to have been Québec’s highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 “Technical Report on the O’Brien Project, Northwestern Québec, Canada” effective March 2, 2023 and other filings made with Canadian securities regulatory authorities available at for further details and assumptions relating to the O’Brien Gold Project.

For more information on Radisson, visit our website at or contact:

Matt Manson
President and CEO
416.618.5885
…

Kristina Pillon
Manager, Investor Relations
604.908.1695
…

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to the closing of the Offering, the planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Company’s ability to grow the O’Brien project and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at O’Brien; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit

SOURCE: Radisson Mining Resources

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