Articles for category: TSX

November 12, 2025

Bay St Signal Editors

Zacatecas Silver seals access, books Mexico drilling

Zacatecas Silver signed a new community access agreement with the Ejido Panuco and executed a drill contract with Major Drilling for an initial 4,000 metres at the Zacatecas Silver Project in central Mexico. The agreement clears surface access at Panuco, where prior work outlined an inferred 20.5 million ounce silver equivalent resource and high‑grade intercepts near the surface. Zacatecas Silver said Major Drilling can mobilize once permits are in hand. Access deal clears path to permits With the Ejido’s unanimous approval, Zacatecas Silver now plans to file for drill permits with SEMARNAT, Mexico’s environment ministry, using the same process employed

November 12, 2025

Bay St Signal Editors

RBC lifts Ligand target to US$234 on Q3 beat

RBC Capital Markets raised its price target on Ligand Pharmaceuticals to US$234 from US$185 after the biotech posted stronger third quarter numbers and boosted guidance. The move keeps an Outperform on the U.S. royalty aggregator and follows a run of estimate revisions across the sell side. The stock was trading near recent highs on Monday, November 10. RBC framed the change around higher royalty expectations and model tweaks tied to recent portfolio updates, according to an analyst note summarized by Investing.com, which reported the target increase to US$234. Raised guidance drives new math Ligand lifted 2025 guidance last week, citing

November 11, 2025

Bay St Signal Editors

BMO lifts Workiva target after Q3 beat

BMO Capital Markets nudged its price target on Workiva to $103 from $100 on November 6, keeping an outperform call after the software provider topped third quarter expectations. The change follows results released November 5 that beat on revenue and earnings, with stronger subscription trends and margin expansion. Workiva sells cloud software used for financial, ESG and risk reporting, areas where regulatory pressure is rising across North America. For Canadian desks, the BMO move is a window into cross‑border demand for reporting tools as disclosure rules evolve. It is a modest shift, but it lands after a clean quarter. Q3

November 11, 2025

Bay St Signal Editors

Algonquin posts Q3 gains, holds dividend, names CFO

Algonquin Power & Utilities reported higher third quarter profit and cash flow on November 7, kept its quarterly dividend unchanged, and named a new finance chief for early 2026. Adjusted net earnings rose to US$71.7 million, or 9 cents per share, with the regulated utilities segment driving the improvement, according to the company’s third quarter release. Management tied the better quarter to approved rate implementation, favourable weather in Missouri, lower operating expenses, and a depreciation adjustment in New Hampshire. The moves extend Algonquin’s pivot to a pure‑play regulated utility, a model where returns are set through rate regulation rather than

November 11, 2025

Bay St Signal Editors

South Star lifts financing to C$6.67 million

South Star Battery Metals increased its ongoing non‑brokered private placement to as much as C$6.672 million, citing investor interest late Friday. The upsized raise takes the unit count to 44.48 million at C$0.15, each with a five‑year warrant at C$0.20 and an acceleration clause tied to trading levels. Non‑brokered private placements are financings sold directly by an issuer without an underwriter, typically to accredited or exempt buyers, and require exchange sign‑off. South Star said the additional proceeds will support exploration, development, general and administrative costs, and working capital, with final TSX Venture approval pending. The issuer attributed the move to

November 10, 2025

Bay St Signal Editors

Max Power starts Canada’s first natural hydrogen well

Max Power Mining said it began drilling a dedicated natural hydrogen well at the Lawson target in southern Saskatchewan on Nov. 7, 2025, a first for Canada. The hole sits on the Genesis Trend near Central Butte and is the opener for a planned multi‑well program. Operations are being run with a Stampede Drilling tele‑double rig and a 24‑person crew working two 12‑hour shifts. The program aims to test whether naturally occurring hydrogen can be found and flowed at commercial rates in Saskatchewan’s subsurface. Natural hydrogen, sometimes called white hydrogen, is hydrogen generated by geological processes and potentially produced with

November 10, 2025

Bay St Signal Editors

CI GAM leads 2025 Lipper awards, Guardian nets three

CI Global Asset Management funds earned 15 Canada LSEG Lipper Fund Awards for 2025, the most individual wins among managers for a third straight year. The tally keeps CI near the front of the pack on risk‑adjusted returns over multi‑year periods, a metric that tends to resonate with advisors and gatekeepers. Guardian Capital also reported three awards, spanning Canadian equities and fixed income group performance. The announcements come as managers lean on long‑horizon scorecards during a choppy year for flows. Awards are based on results to July 31, 2025. Guardian gains equity, bond honours Guardian Capital logged a trophy for

November 7, 2025

Bay St Signal Editors

Brookfield Renewable keeps US$0.373 quarterly payout

Brookfield Renewable set its next quarterly distribution at US$0.373 per unit, payable December 31 to holders of record November 28, according to its third quarter release. Funds from operations, a cash flow metric used by infrastructure firms, rose 10 percent year over year to US$302 million, or US$0.46 per unit. Net loss attributable to unitholders narrowed to US$120 million. The update folds into a busy stretch for Brookfield’s power and transition platform as it leans into baseload assets and storage to meet rising demand. For now, the payout stays exactly where it is. Dividend holds at same level The US

November 7, 2025

Bay St Signal Editors

Blackline Safety adds Cologne and Abu Dhabi offices

Calgary-based Blackline Safety is opening new offices in Cologne, Germany, and Abu Dhabi, United Arab Emirates, to deepen sales and service capacity across Europe, the Middle East and Africa. The move lands during a busy trade-show week, with teams on the ground at A+A in Düsseldorf and ADIPEC in Abu Dhabi, two venues where energy and industrial buyers set budgets for the year ahead. The expansion speaks to export growth for a TSX-listed safety tech name that sells connected gas detection and lone worker devices to heavy industry. EMEA push follows ADNOC deal Blackline Safety says the Cologne hub will

November 6, 2025

Bay St Signal Editors

Hypercharge closes C$3.75 million brokered LIFE financing

Hypercharge Networks has closed a brokered Listed Issuer Financing Exemption deal for gross proceeds of C$3.75 million on November 5, selling units to Canadian investors under the LIFE regime. The TSX Venture issuer completed the raise after marketing a C$0.10 per unit offer in October with FMI Securities as lead agent and sole bookrunner. The Vancouver EV charging operator is using proceeds for working capital and general corporate purposes. The closing followed initial guidance of a late October timeline. Details appeared in the company’s closing announcement. Terms point to modest dilution The October marketing set the unit at C$0.10, each