Lundin Gold (TSX:LUG) has been given a ‘Buy’ rating and C$103 price target by Bank of America in its initial coverage, with analysts highlighting the company’s high-margin production profile, strong free cash flow generation and exploration upside at its flagship Fruta del Norte (FDN) mine in Ecuador.
Shares of Lundin traded up more than 5% at C$91 on Friday afternoon.
Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) has increased its previously announced private placement offering from C$25 million to C$30 million, citing strong investor demand.
Under the upsized offering, the company will sell up to 24 million common shares at C$1.25 per share, with Red Cloud Securities continuing as lead agent and sole bookrunner for the syndicate of agents.
Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF, FRA:23SP) said on Friday that it has increased the size of its previously announced non-brokered private placement in response to investor demand.
The Vancouver-based company said the offering has been upsized to 60 million units for gross proceeds of up to C$15 million. The financing was originally announced on May 20.
Replenish Nutrients Holding Corp (CSE:ERTH, OTC:VVIVF, FRA:7KE) said it is nearing full commercial-scale production at its Beiseker fertilizer facility in Alberta as the company continues ramping up granulated fertilizer operations and advancing several production and licensing projects.
Along with reporting its first quarter results, the company said the Beiseker facility is in the final stages of completing its load-out tower and is preparing for 24-hour production runs through the hiring of additional plant operators.
New Era Energy & Digital (NASDAQ:NUAI) said it has reached a pending settlement with the State of New Mexico that would result in all claims against the company being dismissed.
The digital infrastructure developer said the US Trustee for the bankruptcy estates of Acacia Resources, LLC and Acacia Operating Company, LLC filed the motion on May 22 in the US Bankruptcy Court for the Western District of Texas, seeking approval of a $1 million settlement with the company and certain related parties.
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) has announced plans for a non-brokered private placement aimed at existing investors, targeting minimum gross proceeds of $5 million.
The offering will consist of a combination of hard dollar units and flow-through shares, each priced at $2 per unit or share
Itaconix PLC (AIM:ITX, OTCQB:ITXXF, FRA:18G0) told investors it has filed patent and trademark applications around a new class of plant-based paints using its BIO*Asterix ingredients.
The AIM-listed speciality polymers group said the patent application covers paint formulations incorporating BIO*Asterix, while the trademark filing relates to the new paint category it is developing.
Kavango Resources PLC (LSE:KAV, OTC:KVGOF) said it is reshaping its board and senior management team as the Southern Africa-focused metals explorer and gold producer prepares for its next phase of development.
Peter Wynter Bee, currently interim chief executive and non-executive chairman, will step down from the board on 1 July 2026. Donald McAlister, currently executive interim finance director, will become non-executive chairman and interim chief executive from the same date, providing continuity while the company continues its search for a permanent CEO.
Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) earlier this week outlined a major commercial milestone after signing a non-binding term sheet with a leading publicly listed Middle Eastern pharmaceutical company for the proposed distribution of its R327 Topical Gel across the MENA region.
Speaking with Proactive, chief executive James Graham said the proposed 10-year exclusive licensing agreement would cover Saudi Arabia, GCC countries, Egypt, Algeria and Morocco, targeting diabetic foot infections — a rapidly growing healthcare challenge linked to rising diabetes rates.
International Graphite Ltd (ASX:IG6, FRA:H99, OTC:IGRPF) earlier this week announced a binding joint venture agreement with Alchemy to establish a graphite processing hub near Venice, Italy, in what managing director Andrew Worland described as a “game changing” development for the ASX-listed company.
The proposed operation will be located at Alkeemia’s existing industrial site in Porto Marghera, leveraging significant infrastructure and operational synergies to lower development costs and accelerate execution. Alkeemia is one of Europe’s largest producers of hydrofluoric acid, a key reagent used in graphite purification.
Solis Minerals Ltd (TSX-V:SLMN, ASX:SLM, OTCQB:SLMFF, FRA:08WA) earlier this week outlined plans to commence maiden diamond drilling at its Mandacaru lithium project in Brazil in June 2026, while also providing investors with an update on its copper exploration activities in Peru.
Chief executive Mitch Thomas told Proactive that the company had rapidly progressed preparations at Mandacaru following its acquisition of the project from Rio Tinto around one month ago. The acquisition included access to several years of exploration work completed by the global mining major during a weaker lithium market environment.
Imugene Ltd (ASX:IMU, OTC:IUGNF, FRA:ILA) recently highlighted encouraging new clinical data for its allogeneic CAR-T therapy Azer-Cel, while also confirming the company will present the program at the upcoming American Society of Clinical Oncology (ASCO) conference.
Managing director Dr Leslie Chong said the company’s latest results continued to demonstrate strong responses in heavily pre-treated blood cancer patients, including individuals who had previously exhausted multiple lines of therapy.
Noble Helium Ltd (ASX:NHE, OTC:NBHEF, FRA:GN1) earlier this week outlined the technical rationale behind its Tanzania helium exploration strategy as Chairman of the Advisory Committee Simon Potter spoke with Proactive about the company’s upcoming drill campaign and broader opportunity.
Potter said he was drawn to Noble Helium through his long-standing professional relationship with founder Justin Wood, as well as his familiarity with East African geology. He said the company’s focus on Rift Valley rocks in Tanzania and its pursuit of “green helium” not associated with hydrocarbons made the opportunity compelling.