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Our roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news and on the move today.

Nevada Copper Corp. (NCU-T) announced its key financing partners will provide up to US$93-million of liquidity to support the company’s Pumpkin Hollow copper mine in Nevada.

The company said non-binding terms have been agreed upon with its senior lender, KfW IPEX-Bank, its working capital provider, Concord Resources Ltd, its largest shareholder, Pala Investments Limited, another significant shareholder, Mercuria Energy and its stream and royalty partner, Triple Flag Precious Metals Corp.


CVW CleanTech Inc. (CVW-X) reported a net loss of $1.8-million or 2 cents per share in the fourth quarter. The loss consisted primarily of general and administrative expenses of $1.5-million and R&D expenditures of $292,000, before considering interest income of $11,000, the company stated.The result compared to a loss of $718,000 or a penny per share a year ago.


New Pacific Metals Corp. (NUAG-T) reported a net loss of US$2.3-million or a penny per share for its fourth quarter ended June 30, which was in line with expectations and compared to a net loss of US$2-million or a penny per share a year ago.


CWB Financial Group (CWB-T) reported revenue of $271.7-million for its third quarter ended July 31, compared to $263.2-million a year ago. The expectation was for revenue to come in at $281-million, according to S&P Capital IQ.

Net income of $81-million or 88 cents per share compared to $86-million or 98 cents a year ago. Adjusted net income was $82.9-million or 90 cents per share, which was in line with expectations and compared to $88-million or $1.01 a year ago.


Hastings Technology Metals Ltd, a rare-earth metals producer in Australia, announced plans to buy a 22.1-per-cent stake in Neo Performance Materials Inc. (NEO-T).

The price paid is $15 per Neo share, for a total of $135-million, which is a 2.8-per-cent premium to Neo’s 10-day volume-weighted average price of $14.60 per share up as of Wednesday’s close.

“The proposed acquisition will provide Hastings with a strategic stake in Neo and exposure to its magnetic materials business, as well as a platform to explore potential partnership arrangements utilizing Hastings’ Yangibana feedstock in Neo’s downstream rare earth operations,” the company stated.


Eguana Technologies Inc. (EGT-X) announced a $33-million strategic investment by the Itouchu Corp. in the form of an unsecured convertible debenture. It’s convertible into common shares of the company at a price of 50 cents per share.

“Itochu’s investment is expected to expand the two companies’ long-term relationship and significantly increase Eguana’s immediate access to working capital to achieve business growth objectives globally,” the company stated.

It said the proceeds from the financing will be used to fund working capital and general corporate expenditures.


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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 17/04/24 3:59pm EDT.

SymbolName% changeLast
Nevada Copper Corp
Cvw Cleantech Inc
New Pacific Metals Corp
CDN Western Bank
NEO Performance Materials Inc
Eguana Technologies Inc

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