Company Reports

CanAlaska Uranium (TSXV: CVV) reported record uranium assays from the Pike Zone at its West McArthur project, including 8.6 metres at 34.59% U₃O₈ and 14.8 metres at 14.71% U₃O₈. The company commenced a C$12.5 million summer drill program in June 2025 targeting Pike Zone extensions. Additional exploration programs are underway at Cree East, Constellation, and Frontier, funded through joint ventures with Cameco (TSX: CCO) and Denison Mines (TSX: DML). CanAlaska ended 2024 with over C$26 million in cash, supporting its project generator model. With uranium demand projected to outpace supply through 2035, CanAlaska is positioned to benefit from sector and project-specific catalysts. [more]

Royal Gold (NASDAQ: RGLD) will acquire Sandstorm Gold (TSX: SSL | NYSE: SAND) and Horizon Copper (TSXV: HCU) in transactions valued at approximately US$3.5 billion and $196 million, respectively. The deals are expected to close in late 2025 and will significantly expand Royal Gold’s streaming and royalty portfolio to 393 assets, including 80 producing properties. The company anticipates a 26% increase in gold equivalent output and an 87% revenue mix from precious metals. The acquisitions align with a broader trend of consolidation and diversification in the mining royalty space amid rising demand for gold and copper. [more]

eResearch has initiated coverage on Turnium Technology Group (TTGI), a Canadian IT solutions company focused on delivering secure, scalable Technology-as-a-Service (TaaS) offerings to SMEs via global channel partners. TTGI operates through three integrated solution groups TNSI, Tenacious Networks (TNET), and Claratti. The report covers its evolving business model, recent financial results, and valuation framework. With multi-year SME contracts and a growing recurring revenue base, TTGI is positioned for margin expansion and international growth. Our 61-page report includes a detailed financial valuation and an investment thesis. We are initiating coverage with a Speculative Buy rating and a $0.25 target. [more]

Eagle Royalties (CSE: ER) has agreed to a reverse takeover by privately held Summit Royalty , valuing Eagle shares at C$0.18 and implying a 47 percent premium to the prior closing price. Upon completion, Summit shareholders will own approximately 80 percent of the combined entity. The transaction is expected to close in Q4/2025, subject to approvals, and will result in Eagle being renamed Summit Royalty Corp. The merged company will hold more than 40 royalty and streaming interests, primarily in precious metals, positioning it as a new publicly traded participant in the royalty sector. [more]

Edgewater Wireless Systems (TSXV: YFI) developed Spectrum Slicing technology to address growing Wi-Fi congestion caused by the proliferation of connected devices. Its patented approach splits a single Wi-Fi channel into multiple streams, improving capacity, latency, and performance. Backed by successful pilots and strategic partnerships, Edgewater is releasing its next-generation solution and scaling production of its MLX 488 chip, integrating AI to optimize traffic. The Company’s IP value is estimated between $90 to $180 million, far above its current market cap. Positioned as a fabless semiconductor innovator, Edgewater is targeting enterprise, residential, and IIoT markets as Wi-Fi demands increase globally. [more]

Hercules Metals is progressing exploration at its 100%-owned Hercules Project in Idaho, where drilling has defined a copper porphyry system known as Leviathan beneath an upper silver zone. Backed by strategic investor Barrick Mining, Hercules Mining plans a 12,000m program in 2025 targeting deeper porphyry zones and potential new targets across the property. Newly permitted areas and additional land agreements strengthen the company’s position. Historic and recent drilling suggest multi-metal potential, and planned activity across the Eastern Block, Southern Flats, and Grade Creek zones may provide key catalysts for shareholders in the coming months. [more]

Canadian North Resources Inc (TSXV: CNRI) continues to advance its 100%-owned Ferguson Lake Project in Nunavut, Canada. The polymetallic resource includes copper, nickel, cobalt, palladium, and platinum, all key metals for the clean energy transition. A 2024 mineral resource estimate outlines 66.1 Mt Indicated and 25.9 Mt Inferred, including 1.093 billion pounds of copper and 678 million pounds of nickel in the Indicated category, with most of the resource mineable by open pit. Ongoing metallurgical and geophysical work supports further resource expansion. With over C$190 million in historical investment, the project is positioned as a potential joint venture or acquisition target as CNRI works toward future technical studies and project de-risking. [more]

Blue Star Gold Corp (TSXV: BAU) is advancing its exploration and development program in Nunavut’s High Lake Greenstone Belt. The company’s flagship Ulu Gold Project holds 875,000 ounces of gold in NI 43-101 resources. Last month, Blue Star completed a $3.5 million private placement and reported new high-grade gold intercepts at Ulu, expanded the Central Prospect to 525 metres of strike, and confirmed the drill-readiness of the Axis and Auma targets. Additional work is planned at the Ataani VMS discovery in the Roma Project. Shares have gained 130% year-to-date, supported by exploration results and renewed market interest. [more]