Latest news with #Cariboo
Yahoo
3 days ago
- Business
- Yahoo
BTIG upgrades Doximity saying pullback on macro fears overdone
-- BTIG upgraded Doximity Inc (NYSE:DOCS) to Buy from Neutral and set a price target of $80, saying recent macro concerns are overstated and demand for the company's digital pharma sales tools remains strong. Doximity shares have fallen from a recent high of $83 to around $52, pressured by fears of drug pricing reform, potential U.S.-China trade tensions, and broader macro uncertainty. But BTIG said the company's fundamentals remain intact and its guidance for fiscal 2026 is likely conservative. 'Our view is that many of the concerns driving the recent pullback are overdone,' analysts wrote. DOCS has beaten consensus revenue and EBITDA in 16 of the past 16 quarters, and tends to guide conservatively. The firm pointed to Doximity's trailing 12-month net revenue retention rate of 119%, including 123% among its top 20 clients, as a sign of strong customer engagement. It also cited a 92% gross margin, EBITDA margin of 55%, and a debt-free balance sheet with $900 million in cash. BTIG expects demand for targeted pharma sales technology to remain strong despite pressure on research-related services. The firm said recent results from peer Veeva showed the highest commercial revenue growth in three years, reinforcing the trend. Doximity's self-service portal, which allows clients to directly manage campaign spending, was also highlighted as proof of high return on investment. Valuation-wise, DOCS trades at 21.7x estimated 2027 EBITDA, slightly above the peer average. BTIG's $80 target implies 35x, which it said is justified by strong margins and high visibility in revenue. 'The company is well -positioned to benefit from the bio -pharma recovery, and we expect demand for digital advertising solutions to pick back up,' BTIG added. Related articles BTIG upgrades Doximity saying pullback on macro fears overdone RBC upgrades Osisko to Outperform as Cariboo project advances Closed Newark runway reopens ahead of schedule after renovations
CBC
09-05-2025
- Politics
- CBC
B.C. judge grants injunction in legal battle over tailings dam at Mount Polley mine
The B.C. Supreme Court has ordered a pause of operations at a wastewater storage facility at the Mount Polley mine as an addition to the dam is challenged by a local First Nation. The court's decision issued Thursday orders the Mount Polley Mining Corp. not deposit mine tailings into a storage dam that is being raised before July 1. Justice Gary Weatherill has scheduled a four-day hearing starting June 24 for the case as part of the court's order on Thursday. A similar storage site at the mine in B.C.'s Cariboo region, about 370 kilometres northeast of Vancouver, collapsed in August 2014, spilling about 25 million cubic metres of water and tailings into nearby waterways in one of the worst environmental disasters in B.C. The ruling comes after the Xatsull First Nation applied for an emergency injunction to stop a four-metre addition on the tailings dam while the court hears a judicial review of the construction's approval by the provincial government. The court's decision does not include a pause on construction of the tailings storage facility. The Xatsull First Nation said it welcomes the court's decision, and will argue during the hearing next month that the pause of tailing deposits should remain in place until the judicial review has been decided. It said the decision will help ensure no further harm from increased levels of tailings deposits will be done until the judicial review is heard. "Under the circumstances, and especially given the devastating history of Mount Polley, Xatsull welcomes the court's determination," the First Nation said in a statement. Dispute over consultation process The nation said the province is at risk of losing the progress that it has made toward reconciliation because it is allowing the tailings storage facility to be raised without the legally required environmental assessment and without obtaining Xatsull's consent. The Xatsull also urged Imperial Metals, Mount Polley's parent company, and the province to "act in good faith" in strengthening their relationship with the nation in a way that "honours Xatsull's role in the territory now and for generations to come." The province and Imperial Metals have not responded to requests from The Canadian Press for comment on the latest court order. The B.C. government said it approved the addition on the dam to safely manage the spring runoff, and that the project was reviewed by technical experts and in consultation with First Nations. In its response to the Xatsull's legal challenge, the province said its ministers for mining and environment did properly consult the Xatsull on the project before approval was given. "The consultation with Xatsull undertaken by the province included engagement with the Environmental Assessment Office and with the Major Mines Office of the Ministry of Mining and Critical Minerals … and upheld honour of the Crown," its response said. "The Ministers' decision reflects the substantive consideration of Xatsull's concerns and legal position in relation to the interpretation of the statutory instruments, the process for authorizing the tailings storage facility raise, and the substantive concerns advanced concerning a heightened environmental risk from the tailings storage facility raise." The province had also argued that Mount Polley has a valid environmental assessment certificate for raising the dam and that construction on the project should not be paused during the legal challenge. "Even in [Xatsull's] materials, there is no evidence that the design of the tailings storage facility raise is not safe, nor that irreparable harm will result from its construction," the provincial response said. In its legal response, the Mount Polley Mining Corp. also argued against pausing construction on the project, voicing support for the hearing to be held at the end of June for "allowing Xatsull's concerns to be heard in full on their merits." "Construction of the tailings storage facility raise is well underway," Mount Polley's response said. "It also requires the entire construction season to complete, and even a short delay risks that the work is not complete this season." The company also said stopping operations at the mine could result in Mount Polley having to lay off about 255 unionized workers and the loss of tens of millions of dollars of business to the mine's various suppliers and vendors, ranging from corporate contractors to small family-run businesses.
Yahoo
28-02-2025
- Business
- Yahoo
Fitzroy Minerals Provides Update on Ptolemy Acquisition
VANCOUVER, BRITISH COLUMBIA - February 28, 2025 (NEWMEDIAWIRE) - FITZROY MINERALS INC. (TSXV: FTZ, OTCQB: FTZFF) ("Fitzroy Minerals" or the "Company") is pleased to provide an update on its pending acquisition of Ptolemy Mining Limited ("Ptolemy") pursuant to a share exchange agreement (the "Agreement") entered into by the Company, Ptolemy, and Ptolemy's shareholders dated October 30, 2024 (the "Acquisition"). On February [27], 2025, the Company entered into an amendment to the Agreement, pursuant to which the outside date for the completion of the Acquisition was extended from February 28, 2025 to March 31, 2025. On November 28, 2024, the Company received conditional approval from the TSX Venture Exchange (the "Exchange") to close the Acquisition, subject to satisfying several conditions, including the completion of the audit on Ptolemy's financial statements, and completion of the Company's previously announced non-brokered private placement (the "Offering") of a minimum of 16,666,666 units (each, a "Unit") and a maximum of 20,000,000 Units at a price of $0.15 per Unit for minimum gross proceeds of $2,500,000 and maximum gross proceeds of $3,000,000. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Under the new terms, each whole warrant will entitle the holder thereof to purchase one common share of the Company at a price of $0.25 for a period of three years. The Offering is now fully subscribed, and the parties continue to work diligently to complete the remaining legal formalities in relation to the Acquisition. Both the Offering and Acquisition are expected to close concurrently in March, subject to the satisfaction or waiver of certain conditions, including the final approval of the Exchange. For more information on the Acquisition and the Offering, please refer to the Company's press releases dated October 30, 2024, November 8, 2024, November 28, 2024 and January 30, 2025. About Fitzroy Minerals Fitzroy Minerals is focused on exploring and developing mineral assets with substantial upside potential in the Americas. The Company's current property portfolio includes the Caballos Copper and Polimet Gold-Copper-Silver projects located in Valparaiso, Chile, and the Taquetren Gold project located in Rio Negro, Argentina, as well as the Cariboo project in British Columbia, Canada. Fitzroy Minerals' shares are listed on the TSX Venture Exchange under the symbol FTZ and on the OTCQB under the symbol FTZFF. On behalf of Fitzroy Minerals Inc. Merlin Marr-JohnsonPresident and CEO For further information, please contact:Merlin Marr-Johnsonmmj@ 7803 712280 For more information on Fitzroy Minerals, please visit the Company's website: This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the United States Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Neither Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the completion of the Acquisition and the Offering, and timely receipt of all necessary approvals, including any requisite approval of the Exchange. Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of the Company. Such statements can generally, but not always, be identified by words such as "expects", "plans", "anticipates", "intends", "estimates", "forecasts", "schedules", "prepares", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. All statements that describe the Company's plans relating to operations and potential strategic opportunities are forward-looking statements under applicable securities laws. These statements address future events and conditions and are reliant on assumptions made by the Company's management, and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could materially differ from those currently projected, and there is no representation by the Company that the actual results realized in the future will be the same in whole or in part as those presented herein. the Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. For more information on the Company and the risks and challenges of its business, investors should review the Company's filings that are available at . The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not undertake to update any for-ward looking statements, other than as required by law. Sign in to access your portfolio
