Skip to main content
A scary good deal on trusted journalism
Get full digital access to globeandmail.com
$0.99
per week for 24 weeks SAVE OVER $140
OFFER ENDS OCTOBER 31
A scary good deal on trusted journalism
$0.99
per week
for 24 weeks
SAVE OVER $140
OFFER ENDS OCTOBER 31
// //

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

PolyMet Mining Corp. (POM-T; PLM-N) announced that the Minnesota State Supreme Court declined to hear a petition for review by environmental groups to a lower court decision regarding the environmental review for the NorthMet copper-nickel-precious metals project.

The company stated that two environmental groups had petitioned the court for review of a unanimous May 28 Court of Appeals decision that upheld the scope of the environmental review prepared for the NorthMet Project by the Minnesota Department of Natural Resources. The company also said the Court rejected the groups’ request for the agency to prepare a supplemental environmental impact statement.

Story continues below advertisement

“This action effectively closes out any remaining challenges to the state related to the environmental review and allows us to sharpen our focus on financing, building and operating Minnesota’s first copper-nickel-precious metals mine,” said CEO Jon Cherry.

**

Largo Resources Ltd. (LGO-T) announced that it has formally given notice to Glencore International AG of the non-renewal of its off-take agreement dated May 14, 2008. Largo said the off-take agreement will expire effective April 30, 2020.

“Our current off-take agreement was instrumental in securing the initial financing for the construction of the Maracás Menchen Mine and allowed the company to focus solely on producing among the highest purity vanadium in the world,” Largo CEO Mark Smith said in a statement.

**

Aurion Resources Ltd. (AU-X) announced that B2Gold Corp. (BTO-T) has exercised its option to acquire a 51-per-cent interest in the Finland Joint Venture covering approximately 25,000 hectares, which include the Kutuvuoma and Ahvenjarvi projects.

"Since inception of the agreement, dated January 13, 2016, B2Gold completed over $5-million in exploration expenditures, paid Aurion $50,000 in cash and issued 550,000 B2Gold shares over four-year period," the company stated.

Story continues below advertisement

B2Gold has the option to earn an additional 19-per0cent interest by spending a further $10-million over two years, and, if exercised, an additional 5-per-cent interest by completing a feasibility study, for a total of 75 per cent, the company said.

**

Vapen MJ Ventures Corp. (VAPN-C) announced that its gross revenues increased 43 per cent from US$4.7-million for the quarter ended June 30, 2018 to US$6.7-million for the quarter ended June 30, 2019. Net income increased 23 per cent for the quarter ended June 30 to US$1.2-million compared to US$1-million a year earlier.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies