Champagne, Anand to meet with Mexican president to strengthen trade ties
As Canada-U.S. trade talks are up in the air, Canada's federal government remains diligent to strengthen the country's trade ties. CTV's Colton Praill reports.
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CTV News
25 minutes ago
- CTV News
Jim Redpath, founder of North Bay mining contractor, has died
Jim Redpath is best known for founding J.S. Redpath Ltd., a mining contracting company specializing in shaft sinking based in North Bay, when he was just 26 years old. James (Jim) Stockton Redpath, 88, died Aug. 2 in St. John's, Nfld., after a 'courageous 20-year journey with Parkinson's disease,' his obituary said. Redpath is best known for founding J.S. Redpath Ltd., a mining contracting company specializing in shaft sinking based in North Bay, when he was just 26 years old. It's now known as Redpath Mining Contractors and Engineers. Jim Redpath grew up at a mine site in Val-d'Or, Que, the eldest child of James and Margaret Redpath. 'As a teenager, he worked two formative summers on a small exploration boat in Hudson Bay, an experience that sparked both his enduring work ethic and a deep love of the Canadian North,' his obit said. Redpath earned his degree in mining engineering from McGill University before founding his famous mining contracting company. 'Under his leadership, the company … laid a foundation of technical excellence and integrity, eventually becoming a global leader in mining services,' his obit said. 'He stepped away from the company at age 50, proud of its trajectory and legacy.' 'Under his leadership, the company … laid a foundation of technical excellence and integrity, eventually becoming a global leader in mining services.' — Jim Repath obituary The company started with only four employees in October 1962. When it celebrated its 60th anniversary in 2022, there were more than 6,400 staff around the world, including 200 in North Bay. Five years after he founded J.S. Redpath Ltd., the company secured five major projects. One of the projects, Creighton Mine, No. 9 Shaft, located in Ontario, was the deepest North American shaft at that time. After leaving the mining world, Redpath studied art curation at Sotheby's in New York and went on to lead the Capitol Arts Centre in North Bay for several years, supporting local artists and fostering cultural growth. 'In later years, Jim and his wife Bobbi settled in St. John's … a place he held close to his heart,' his obituary said. 'There, they became deeply involved in the city's vibrant arts community.' Honorary doctorates In recognition of his contributions to industry and the arts, he received honorary doctorates from both McGill University and Nipissing University and served as the first Chancellor of Nipissing in 1994. He was awarded Queen Elizabeth II's Golden and Diamond Jubilee Medals and the Order of Ontario. He is survived by his wife and partner of over 50 years, Bobbi, 'with whom he shared a rich and joyful life,' his obit said. 'He was a loving and supportive father to Carolyn, Lorraine, John and Sarah, and a proud grandfather to five grandchildren. He was predeceased by his siblings, Anne and John. Jim's life was one of vision, reinvention, and quiet philanthropy. He will be deeply missed and lovingly remembered.' A Celebration of Life will be held on Aug. 20 at 4 p.m. at The Rooms in St. John's, Newfoundland. In lieu of flowers, donations may be made to Parkinson Canada or a local arts organization in Jim's memory.
Toronto Star
41 minutes ago
- Toronto Star
Bocana Resources Corp. Signs Letter of Intent to Acquire Mining Claims in Arizona
CALGARY, Alberta, Aug. 05, 2025 (GLOBE NEWSWIRE) — Bocana Resources Corp. (TSXV: BOCA) (Frankfurt: VC1) ('Bocana' or the 'Company') is pleased to announce that it has entered into a binding letter of intent (the 'LOI') dated July 24, 2025 for the proposed acquisition (the 'Transaction') of 100% of the rights, title and interests in the U.S. Bureau of Land Management ('BLM') placer mining claims (the 'Claims') owned by LP Associates, LLC of Buffalo MN. ('LPA, LLC' or the 'Seller'), an arm's length limited liability company formed under the laws of the State of Minnesota. The Transaction The Claims, which are comprised of seventy-two (72) 20-acre claims, total approximately 1,440 acres in size. The Claims are located in Pinal County, Arizona, approximately 85 miles southeast of Phoenix (Figure #1) and are in two contiguous areas, one containing 1,240 acres and the other block containing 160 acres. Figure # 2 also provides a more detailed location of the placer claims. Pursuant to the LOI, Bocana will acquire a 100% ownership interest in the Claims through a newly formed subsidiary, Arizore LLC, a limited liability company registered in the state of Nevada. Bocana will acquire the Claims for a total purchase price of US$27,500,000 (the 'Purchase Price'). An initial $200,000 deposit has been made to the Seller, which shall be applied as a credit toward the Purchase Price at closing. ARTICLE CONTINUES BELOW ' Bocana is very pleased with the proposed acquisition of the LPA, LLC's Claims. This acquisition is significantly better than several of the other opportunities that the Company has reviewed, and we look forward to developing this asset as quickly as possible for the benefit of our shareholders,' said Tim Turner, Bocana's Chief Executive Officer. The transactions contemplated by the LOI are subject to the following conditions: a) The entering into of a definitive agreement in respect of the Transaction (the 'Definitive Agreement') between LPA, LLC and Bocana. The Definitive Agreement will describe the terms and conditions upon which the Transaction will be completed; b) the completion of all financing by Bocana to satisfy the Purchase Price; c) the completion of satisfactory due diligence by Bocana; and d) regulatory approvals, including but not limited to the TSX Venture Exchange. The Transaction will be treated as a 'Fundamental Acquisition' pursuant to TSX Venture Exchange Policy 5.3. No finder's fees are to be paid in connection with the Transaction. Figure # 1- Location Map of Placer Claims Historical Technical Reports Technical reports have been prepared for four (4) of the Claims in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ('NI 43-101'). The results of these technical reports are briefly summarized below. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW 1. Placer Mining Claim LPA4-04- 20 Acres The first technical report, entitled Technical Report for the LPA4-04 Placer Gold Claim in the Florence Basin, Pinal County, Arizona, USA, was prepared by A. Roach, Ph.D., R.G., with an effective date of January 25, 2021. Data disclosed in this news release on the LPA4-04 claim was provided from this report. Figure # 3 provides the location of the auger drill holes completed on the LPA4-04 placer claim. Table #1 provides the assay results from the auger drill holes. Key Findings: Average grade estimations of 4.6 oz/ton of gold and 1.9 oz/ton of silver (Table # 1) from 6 drill holes. Multi-element assay results. Assay results were from auger drilling to 10-foot depths. Consistency of high-grade gold assay results in all holes (Table # 1). Figure # 2 – Location Map of Placer Claims Figure # 3 – Drill Hole Location Map Table # 1 – Holes DP01-06 Located on LPA4-04 Placer Claim 2. Placer Mining Claim LPA4-08- 20 Acres The second 20-acre technical report, entitled Technical Report for the LPA4-08 Placer Gold Claim in the Florence Basin, Pinal County, Arizona, USA, was prepared by A. Roach, Ph.D., R.G., with an Effective date of January 25, 2021. Drill hole locations posted on Figure #3, DP-07-10, Table # 1 provides the multi-element assay results. Key Findings: Average grade estimates of 1.4 oz/ton (48 g/t) of gold and 0.4 oz/ton (13.7 g/t) of silver were determined from 4 holes. Similar consistency in higher grade gold concentrations as in LPA4-04 results. Multi-element concentrations lower than adjoining claim LPA4-04 to the east. 3. Placer Mining Claim Dirt-01 – 20 Acres The third technical report, also on a 20-acre claim, entitled Technical Report for the Dirt-01 Placer Gold Claim in the Florence Basin, Pinal County, Arizona, USA, was prepared by Ronnie G Parker, CPG-#06163, with an Effective date of February 1, 2022. The Dirt-01 Placer Gold Claim is located approximately 1-1/2 miles (0.9 kilometer) west of Highway 79. Highway 79 may be accessed by Highway 77 and Interstate 10, which is located 27 miles (43.2 kilometers) to the south and west of the claim, as shown on Figure #4 below. Figure # 5 provides the drill collar locations on the claim. Table # 2 posts the assay results from the drilling program. Key Findings: Average estimated grades of 0.589 oz/ton (16.7 g/t) of gold and .475 oz/ton (13.5 g/t) of silver from 9 drill holes. Demonstrating consistency in higher-grade mineralization. Figure #4 Dirt-01 Location Map Figure #5 – Drill Collar Location Map – Dirt-01 Placer Claim Table 2. - Assay data from the DIRT-01 Placer Gold Claim for the 2020 drill holes. 4. Placer Mining Claim Dirt-02 – 20 Acres The fourth 20-acre technical report, entitled NI-43-101 Technical Report for the Dirt-02 Placer Gold Claim in the Florence Basin, Pinal County, Arizona, USA, was prepared by Ronnie G Parker, CPG-#06163, with an Effective date of February 1, 2022 and a Technical Update as of August 8, 2022. The Dirt-02 Placer Gold Claim is located approximately 2-1/2 miles (0.9 kilometer) west of Highway 79. Highway 79 may be accessed by Highway 77 and Interstate 10, which is located 27 miles (43.2 kilometers) to the south and west of the claim. Access to the claim is via a small dirt road off Highway 79 at mile marker 10. See Figure #6. Figure #7 provides the Dirt-02 drill collar locations. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Figure #6 – Dirt-02 Location and Access. Figure #7 Drill Collar Locations Table #3 Assay information for the 2020 drill holes from the DIRT-02 Placer Gold Claim. All data listed below is shown in ounces per ton. Key Findings: Average grades from 10 drill holes - 0.452 oz/ton (12.81 g/t) of gold and 0.546 oz/ton (15.48 g/t) of silver. All drill holes assayed high gold concentrations. Continuation of multi-element mineralization. Comments on Sampling Drilling was conducted using a two-man auger. Sufficient auger flights were required to reach depths up to 11 feet (3.05 meters). Sample material was collected in a specially designed metal container that surrounded the auger. Samples were transferred to a clean plastic bucket for transport to the splitting location. Sample splitting was conducted onsite with a small riffle splitter. The site geologist performed the sample splitting. One split of material was packaged in a plastic bag for sample analysis. The remaining portion of the split was returned to the plastic bucket for storage at a secure locality off-site. The splitter was cleaned between samples. All historical assay results are documented in the four NI-43-101 reports provided to the Company; however, assay certificates indicating the methods used, weight of samples, details on the assay procedures were not in the reports and have not been provided to the Company. Conclusions/Recommendations Historical assay results indicate potentially economic concentrations of gold with associated silver, platinum, palladium, and rhodium on all four claims mentioned. Bocana will require due diligence studies, including additional drilling, sample assays, and metallurgical studies to confirm the results from each of these four reports. It is recommended that, in future drilling programs on all of the claims that notes on detailed logging of the sample material be undertaken, in particular the presence/ absence of apparent gravel layers during the drilling, along with approximate depth. The removal of gravel from samples, either because it is not carried by the auger or is at the splitting stage, has the potential to lead to higher or lower assay values. Therefore, one or more bulk samples should be taken in order to assess whether grades are significantly different than those obtained by drilling. Qualified Person Mr. Lorne Warner, the Company's consulting geologist, is an independent, 'Qualified Person' as defined by NI 43-101. Mr. Warner has approved the scientific and technical information included in this news release for dissemination. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW The LOI was negotiated at arm's length. The Transaction does not represent a change of business. There will be no change of directors or officers of the Company required by the Transaction. The TSX Venture Exchange has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this press release. About Bocana Resources Corp. Bocana is a mineral exploration company focused on the acquisition, exploration, and development of mineral properties in North and South America. Bocana, through its wholly owned subsidiary, Huiracocha International Service SRL, holds a 100% working interest in the mineral properties known as the Escala area concessions located in the Department of Potosi, Sud Lipez Province, Bolivia, as awarded by Comibol. Contact Information For more information on Bocana, visit: For more information or interview requests, please contact: Timothy J. Turner – Chief Executive Officer info@ (713) 858-3329 Forward-Looking Information This news release contains 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: 'intend', 'believe', 'estimate', 'expect', 'may', 'will', 'approximately', 'planning', 'projected', 'anticipate', and similar references to future periods. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Bocana, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but without limitation, statements pertaining to the Transaction including Bocana's ability to obtain financing and the necessary approvals, including regulatory approvals for the Transaction, the negotiation and execution of the Definitive Agreement, the estimates of potential quantity, grade, and metal and mineral content at the Claims, Bocana's assessment of the reliability and relevance of the historical drill results, and the ability of Bocana to operate the exploration and development programs for the Claims. All statements included herein involve various risks and uncertainties because they relate to future events and circumstances beyond Bocana's control. Forward-looking statements are inherently uncertain, and the actual performance may be affected by several material factors, assumptions and expectations, many of which are beyond the control of the parties, including expectations and assumptions concerning (i) the Seller; (ii) the Transaction; (ii) the ability of the Parties to negotiate and enter into the Definitive Agreement on satisfactory terms as proposed, (iii) the timely receipt of all required regulatory approvals (as applicable), including the approval of the TSXV, (iv) if the Definitive Agreement is entered into, the satisfaction of other closing conditions in accordance with the terms of the Definitive Agreement, and (v) the ability of the Parties (as applicable) to complete the Financing and/or the Transaction on the terms outlined in this news release (or at all). Although Bocana has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Images accompanying this announcement are available at ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW
Globe and Mail
an hour ago
- Globe and Mail
Should You Buy, Sell, or Hold NuScale Power Stock Before Q2 Earnings?
NuScale Power SMR is scheduled to release second-quarter 2025 results on Aug. 7. The Zacks Consensus Estimate for second-quarter revenues is currently pegged at $9.07 million, indicating an 834.54% increase from the year-ago quarter's levels. For the second quarter of 2025, the Zacks Consensus Estimate for a loss is pegged at 12 cents per share, which has widened by a penny over the past 30 days, indicating a year-over-year increase of 61.29%. Let us see how things have shaped up for the upcoming announcement. NuScale Power Corporation Price and EPS Surprise NuScale Power Corporation price-eps-surprise | NuScale Power Corporation Quote Key Factors to Consider for NuScale Power NuScale Power's second-quarter performance is likely to have benefited from strong demand for electricity supporting AI-driven data centers and the global push toward clean energy solutions. SMR remains focused on a series of strategic initiatives aimed at aligning internal resources with its primary objective of moving toward commercialization and securing revenue-generating contracts. NuScale Power has made significant strides in the manufacturing and commercialization of its Small Modular Reactor (SMR) technology, including progress with key partners such as Doosan Interability and ENTRA1 Energy, which is expected to further solidify its position in the market. NuScale Power's collaboration with ENTRA1 Energy continues to gain momentum. The partnership's commercial structure is designed to mitigate risks and align with customer requirements around scalability, availability, and reliability. These key factors remain central to SMR deployment success in the to-be-reported quarter. SMR Shares Outperform Sector, Industry NuScale Power shares have surged 142% in the year-to-date period, outperforming the Zacks Computer & Technology sector's return of 9.2% and the Zacks Electronics- Power Generation industry's rise of 140.1%. The company's shares have also outperformed its closest peer, which includes BWX Technologies BWXT. In the year-to-date period, BWX Technologies shares have returned 28.8%. SMR Stock's Performance Image Source: Zacks Investment Research SMR Stock is Overvalued NuScale Power shares are currently overvalued, as suggested by its Value Score of F. In terms of the forward 12-month price/sales (P/S), SMR is trading at 106.79X, significantly higher than the Zacks Computer and Technology sector's 6.56X and BWX Technologies' 4.40X. SMR Valuation SMR Benefits From Growing Data Center Needs NuScale Power is gaining strong momentum across various sectors, particularly as energy demand continues to rise. The increasing energy demand, driven by sectors like data centers, which require continuous, reliable, and carbon-free energy, has been a major growth driver. Data centers are expected to triple their energy use over the next three years, accounting for 12% of U.S. electricity consumption by 2028. This growth trend presents a significant opportunity for NuScale Power, as its SMR technology offers consistent, carbon-free energy that can meet the increasing demands of hyperscale data centers. SMR Benefits From Tech Giants' Commitment to Nuclear Energy NuScale Power continues to attract strong interest from major technology companies and infrastructure capital. Companies like Meta Platforms, Microsoft, Alphabet, and Oracle ORCL have made substantial commitments to using nuclear energy, including SMR technology, to meet their sustainability goals, which positively impacts NuScale Power's market positioning. Companies like Google and Oracle are also showing interest in using SMR technology for large-scale data centers, reinforcing the growing trend toward nuclear solutions for energy-intensive tech operations. As Alphabet, META Platforms, Microsoft, and Oracle align their energy strategies with sustainable nuclear options, the demand for SMR technology continues to gain momentum, positioning NuScale Power at the forefront of this emerging energy market. SMR Suffers From Stiff Competition Despite NuScale Power's advancements in SMR technology and expanding partner base, the company is facing stiff competition in the SMR sector of the nuclear energy industry from companies like Oklo OKLO and BWX Technologies. In May 2025, OKLO signed a memorandum of understanding with Korea Hydro & Nuclear Power to collaborate on the development and global deployment of its advanced nuclear technology. This partnership aims to jointly advance the design and verification of Oklo's Aurora powerhouse and cooperate on early project development efforts. OKLO's shares have surged 260% in the year-to-date period. Conclusion: Hold SMR Stock for Now NuScale Power's advancements in SMR technology, along with its growing partnerships with tech giants and financial institutions, position it as a key player in the future of sustainable, carbon-free energy. However, despite these innovations and collaborations, the company faces challenges in the highly competitive energy market, which includes the growing presence of renewable energy sources and regulatory hurdles. These factors could affect NuScale Power's market positioning, despite its technological edge. SMR's stretched valuation is also a concern. NuScale Power currently has a Zacks Rank #3 (Hold), which implies that investors should wait for a more favorable entry point to accumulate the stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BWX Technologies, Inc. (BWXT): Free Stock Analysis Report Oklo Inc. (OKLO): Free Stock Analysis Report
