Browsing Tag
Saskatchewan
42 posts
BHP copper drops 19% as Jansen and iron ore offset Q1 weakness
BHP's September-quarter copper production fell 19% as lower grades, maintenance and temporary disruptions affected major assets, but record Western Australia Iron Ore operations, sharply higher copper prices and an 87%-complete Jansen project keep the wider FY27 roadmap intact.
Saturn Oil & Gas agrees C$302m Corex acquisition as production outlook climbs to 56,000 boepd
Saturn Oil & Gas's proposed acquisition of Corex Resources expands its light-oil operations into southwestern Manitoba, adding production and drilling inventory while financing costs and commodity-sensitive earnings forecasts determine the transaction's value.
BHP copper output falls 19% as iron ore production rises and Escondida investment advances
BHP has maintained its FY27 production guidance despite lower copper output at Escondida and operational disruption in South Australia, while stronger Pilbara iron ore performance and investment in future copper capacity remain central to its growth strategy.
Fathom Nickel defines maiden Gochager Lake resource with nearly 30m pounds of nickel
Fathom Nickel Inc. has published the first modern mineral resource for Gochager Lake, replacing decades of reliance on historical estimates and giving investors a more reliable basis for assessing the Saskatchewan nickel-copper-cobalt system.
Western Resources (TSX: WRX) faces delisting as US$108m potash debt bites
Western Resources Corp.’s potash subsidiaries have secured court protection until December 18 and up to US$6 million of interim financing, but the Milestone project has entered a formal sale and investment process after a senior lender said at least US$108.2 million became immediately due.
Saturn Oil & Gas doubles down on buybacks as Q2 FCF reaches C$82.5m
Saturn Oil & Gas has received TSX approval to repurchase as many as 12.23 million additional shares after fully exhausting its previous C$39.6 million buyback. The new authorisation covers 10% of public float but only 6.8% of total shares outstanding, and using it fully near current prices could consume almost an entire quarter of recent free funds flow.
Prospera Energy reprices C$12m financing as C$20.7m debt maturity moves to 2028
Prospera Energy has pushed a C$20.74 million senior debt maturity out by two years while repricing a planned C$12 million equity financing to C$0.03 per unit. The extension removes an immediate refinancing deadline, but full subscription would increase the existing share count by about two-thirds before warrants are exercised.
Acceleware targets Saskatchewan heavy oil with C$6m RF XL 2.0 pilot
Acceleware Ltd. is moving its RF XL 2.0 heavy-oil technology toward a Saskatchewan demonstration with as much as C$2 million of non-dilutive support. The financing is meaningful for the micro-cap developer, but the planned C$5 million to C$6 million pilot still requires additional capital while Acceleware operates with very limited cash.
Strathcona Resources (TSX: SCR) posts record free cash flow as heavy oil pure-play strategy delivers first full quarter test
Strathcona Resources posts record C$296M Q2 free cash flow as Meota Central first steam and Cold Lake reliability set the second-half production test.
Jansen Potash Project: BHP’s 8.5Mtpa Saskatchewan mine advances toward mid-2027 first production
The Jansen Potash Project is a 100% BHP-owned underground mine in Saskatchewan, Canada, located about 140 kilometres east of Saskatoon, with Stage 1 and Stage 2 designed to produce about 8.5Mtpa once fully ramped up.