Category: Natural Resources

Aurania Resources (AUIAF) – Takeaways from the Annual General Meeting

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Monday, June 15, 2026

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Annual General Meeting. On June 11, Aurania shareholders approved all resolutions at the company’s Annual General Meeting of Shareholders. Dr. Keith Barron, Chairman, President, and CEO, provided an update, which can be viewed here.

Immediate Plans. In August, Aurania expects to commence a drill program at the Thor’s Valley Gold Project in Iceland. The program will entail twinning seven drill holes and one step-out hole. At the Balangero Nickel-Cobalt Project in Italy, Aurania expects to obtain permits to conduct 15 sonic drill holes and a 20 to 30-tonne bulk sample prior to the release of a Preliminary Economic Assessment. In Brittany, management is taking a second look at LiDAR data to confirm historic mine workings and continues its community engagement efforts.


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Release – Aurania Shareholders Approve All Resolutions at Annual Meeting

Posted on by [email protected]
Aurania Resources Ltd.

Research News and Market Data on AUIAF

June 12, 2026 7:00 AM EDT | Source: Aurania Resources Ltd.

Toronto, Ontario–(Newsfile Corp. – June 12, 2026) – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (“Aurania” or the “Company”) announces that its shareholders approved all resolutions at the Company’s Annual and Special Meeting of Shareholders (the “Meeting”) which was held on Thursday, June 11, 2026. The formal part of the Meeting was followed by an update from Aurania’s President & CEO, Dr. Keith Barron. To access the replay of Dr. Barron’s update on YouTube, click this link: https://youtu.be/1zy_uvtShrw

At the Meeting, shareholders approved the financial statements for the year-ended December 31, 2025, and the report of the auditors thereon, the appointment of auditors, election of directors, and the Company’s incentive stock option plan for the upcoming year. Details of these matters are disclosed in the Management Information Circular for the Meeting dated April 27, 2026, and posted under the Company’s profile on www.sedarplus.ca on TSX Trust’s website at http://docs.tsxtrust.com/2167, and on Aurania’s website.

About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe and abroad.

Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
[email protected]		 

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

info

Source: Aurania Resources Ltd.

Power Metallic Mines Inc. (PNPNF) – LIFE Offering Closed; Mr. Eric Sprott Joins Shareholder Roster

Posted on by [email protected]


Friday, June 12, 2026

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

LIFE Offering. Power Metallic Mines closed its previously announced brokered Listed Issuer Financing Exemption (LIFE) offering that raised C$28.2 million in gross proceeds. The company issued 22.583 million common shares of the company at a price of C$1.25 per share. The agents received an aggregate cash fee of C$1.4 million. We had already assumed the issuance of equity in our financial model. Prominent mining investor Mr. Eric Sprott invested C$2.0 million through his company, 2176423 Ontario Ltd., with the acquisition of 1.6 million shares. 

Use of Proceeds. The proceeds will be used to advance the company’s flagship Nisk Project in Quebec and its Jabul Baudan exploration license in Saudi Arabia, and to fund general working capital and corporate needs.


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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Summit Midstream Corp (SMC) – Double E Momentum Enhances Earnings Visibility

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Tuesday, June 09, 2026

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

George Proost, Research Intern, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Double E Expansion Gains Commercial Traction. Summit Midstream announced additional long-term transportation commitments on its Double E Pipeline, bringing open season commitments to 250 MMcf/d and total contracted capacity to approximately 1.9 Bcf/d. Demand has exceeded available expansion capacity, prompting the company to extend its open season through June 30, 2026, while continuing negotiations with prospective shippers. Management remains on track to reach a final investment decision by the end of summer and has secured key compressor equipment to support a targeted late-2028 in-service date.

Strong Demand Supports Capacity Expansion. The Double E Compression Expansion would increase pipeline capacity by approximately 50%, from 1.6 Bcf/d to 2.4 Bcf/d, further strengthening its role as a key natural gas takeaway system in the Delaware Basin. In addition to the 250 MMcf/d of binding commitments secured, Summit holds a firm option agreement for another 200 MMcf/d and continues discussions with shippers whose interest exceeds available capacity. The strong commercial response reduces project risk and underscores continued demand for Permian Basin natural gas infrastructure.


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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Alliance Resource Partners (ARLP) – ARLP Expands Royalties Platform with AllDale Acquisition

Posted on by [email protected]


Tuesday, June 09, 2026

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

George Proost, Research Intern, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Expanded Oil and Gas Royalties Platform. Alliance Resource Partners executed definitive agreements to acquire general and limited partner interests in AllDale Minerals III and IV for approximately $206.2 million, subject to customary closing price adjustments. The transaction will increase ARLP’s economic ownership from roughly 5 percent to 61 percent, while providing operational control through 100 percent ownership of the non-economic general partner interests. The agreements provide for an effective date of April 1 with the transaction is expected to close in July.

Development Upside. The acquired portfolio includes approximately 48,500 net royalty acres and generates meaningful production and royalty income, with the Permian Basin accounting for more than half of first-quarter royalty revenue. The acquisition provides development upside by increasing ARLP’s exposure to new well activity in key basins and establishing exposure to the Haynesville Shale, which is expected to benefit from growing U.S. LNG export demand.


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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Release – Details of Annual & Special Meeting of Aurania Shareholders

Posted on by [email protected]
Aurania Resources Ltd.

Research News and Market Data on AUIAF

June 04, 2026 7:38 AM EDT | Source: Aurania Resources Ltd.

Toronto, Ontario–(Newsfile Corp. – June 4, 2026) – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (“Aurania” or the “Company”) announces that its Annual and Special Meeting of Shareholders (the “Meeting”) will be held at 1:30pm ET on Thursday, June 11, 2026, at the Company’s offices at 8 King Street East, Suite 1800, Toronatuanto, ON M5C 1B5.

Following the conclusion of the formal portion of the meeting, Aurania’s President & CEO, Dr. Keith Barron will provide an update on the Company’s projects. A video and/or audio replay of this update is expected to be made available after the meeting.

Proxy Voting Deadline

To ensure your vote is counted, please cast your vote prior to Tuesday, June 9th, 2026, at 1:30pm ET as per the details in your form of proxy.

Meeting materials may be found on the Company’s SEDAR+ profile at www.sedarplus.ca, on TSX Trust’s website at http://docs.tsxtrust.com/2167, and on Aurania’s website.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe and abroad.

Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
[email protected]

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

info

Source: Aurania Resources Ltd.

Power Metallic Mines Inc. (PNPNF) – Advancing Lion Resource Growth and Expanding District Exploration

Posted on by [email protected]


Tuesday, June 02, 2026

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Recent Drill Results. Power Metallic reported strong drill results from the Lion deposit, including high-grade near-surface copper intercepts, while metallurgical testing demonstrated excellent recoveries from lower-grade material. The results support resource growth potential and enhance confidence ahead of the upcoming NI 43-101 Mineral Resource Estimate (MRE) expected in late July and a Preliminary Economic Assessment (PEA) in December 2026.

Summer Exploration and Drilling Program. Power Metallic has expanded its summer exploration program at the Nisk Project with advanced geophysical surveys and more than 30,000 meters of planned drilling. The program is designed to identify extensions of known mineralization and generate new discovery targets across the company’s Nisk land package while supporting future resource growth.


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This Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Aurania Resources (AUIAF) – First Tranche of Private Placement Closed

Posted on by [email protected]


Tuesday, June 02, 2026

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Private Placement Financing. Aurania Resources Ltd. closed the first tranche of its previously announced non-brokered private placement, raising C$678,263.76 through the issuance of 3,768,132 units at C$0.18 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of C$0.35 per share for a period of 24 months following the close of the first tranche. The financing is part of a larger offering of up to 8,333,333 units that could generate total gross proceeds of up to approximately C$1.5 million. Dr. Keith Barron, Aurania’s Chief Executive Officer and President, participated in the financing by acquiring 1,666,666 units.

Use of Proceeds. The net proceeds will be used to fund exploration at the Thor’s Valley epithermal gold project in Iceland, support the Balangero nickel-cobalt tailings retreatment project in Italy, and fund general working capital. In May, Aurania closed its option agreement with St-Georges Eco-Mining Corp (CSE: SX) and its wholly owned subsidiary, Iceland Resources, to work collaboratively to define and execute a phased exploration program at the Thor’s Valley gold project to advance the project toward initial modern resource definition.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Weatherford Is Acquiring NCS Multistage — and the Timing Says Everything About Where Oil Field Services Is Heading

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NCS Multistage is not a generalist oilfield services company. It operates in a specific and technically demanding niche: highly engineered products and support services that optimize well construction, completion, and field development strategies — primarily in horizontal wells drilled in unconventional oil and gas formations. Its technology is designed to improve reliability and production performance across the full well lifecycle, from initial completion design through late-stage production optimization and intervention.

The company operates primarily across North American basins and has established a presence in select international markets including the North Sea, the Middle East, and Argentina. That international footprint, while smaller than Weatherford’s, gives the combined company immediate leverage to cross-sell NCS Multistage’s technology into Weatherford’s six-continent global customer base — which is one of the most compelling near-term value creation levers in the deal.

Why This Deal Makes Sense Right Now

Weatherford is making a direct bet on two intersecting trends. The first is the sustained relevance of unconventional resource development. Despite the ongoing shift toward energy transition narratives, horizontal drilling and hydraulic fracturing in unconventional formations remain the backbone of North American oil and gas production. NCS Multistage’s core technology sits squarely in that production stream, and demand for completion optimization tools that improve per-well economics has not softened.

The second trend is consolidation driven economics. Smaller, specialized oilfield technology companies with strong engineering capabilities but limited distribution reach are increasingly attractive acquisition targets for larger platforms that can scale those technologies globally. NCS Multistage had the technology and the reputation. Weatherford has the footprint and the financial capacity to take it international.

Piper Sandler served as financial advisor to NCS Multistage in the transaction.

The Broader Signal for Small Cap Energy Services

For investors tracking the sub-$2 billion oilfield services and energy technology space, the Weatherford-NCS deal continues a pattern worth monitoring. Specialized completion technology, production optimization tools, and unconventional resource services companies have been consistent acquisition targets as larger players look to deepen technical differentiation rather than compete purely on scale.

The Iran conflict has kept oil prices elevated despite recent ceasefire negotiations, and sustained prices above $90 WTI support the capital spending levels that drive demand for exactly the kind of completion technology NCS Multistage provides. In that environment, companies with defensible technology niches and proven field performance records are not staying independent for long.

First Phosphate Corp. (FRSPF) – Private Placement Financing to Fund Exploration and Development

Posted on by [email protected]


Monday, June 01, 2026

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

LFP Mine-to-Market Supply Chain Integration. First Phosphate Corp. is advancing a vertically integrated North American supply chain for lithium-iron-phosphate (LFP) batteries, with a focus on energy storage, mobility, robotics, data centers, and national security applications. Its flagship Bégin Lamarche project in Québec is a high-purity igneous phosphate deposit that supports the company’s long-term strategy of supplying critical battery materials to the growing LFP battery market.

Private Placement Financing. To accommodate existing investors, First Phosphate announced a non-brokered private placement to raise a minimum of $5 million. The financing will consist of a combination of hard dollar units and flow-through shares priced at C$2.00 each. Hard dollar units will include one common share and one common share purchase warrant exercisable for one common share at a price of C$2.50 per share until December 31, 2026, subject to an accelerated expiry date.


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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Kuya Silver (KUYAF) – Operational Momentum and Revenue Growth

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Friday, May 29, 2026

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

First-quarter 2026 Financial Performance.Kuya Silver generated first-quarter revenue of $1,464,997 compared to $225,997 during the first quarter of 2025. The company reported a loss of $1,237,166, or $(0.01) per share, compared to a loss of $1,348,986, or $(0.01) per share, during the prior year period. We have adjusted our 2026 estimates to reflect lower production than previously estimated due to a modestly slower ramp-up in production and expected variability in grade and recoveries. The company expects to produce between 150.0 thousand and 200.0 thousand silver equivalent ounces in 2026, and we think 2027 production could be in the range of 1.0 million and 1.5 million silver equivalent ounces. 

Operational Momentum. The company remains focused on ramping up production at the Bethania project, with production expected to accelerate later in the year. Key underground development initiatives, including the construction of a new ramp and ore handling systems to support Phase 1 expansion to 350 tonnes per day, are progressing and are expected to improve operational stability and long-term production capacity. Kuya Silver is also advancing due diligence on the proposed Camila plant acquisition, which would give the company full control over processing schedules and ore blend strategies, eliminate future toll-milling costs, and improve costs and margins as production from the Bethania mine increases.


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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Nicola Mining Inc. (NICM)(NIM:CA) – Visible Production and Cash Flow Growth Coupled with Significant Discovery Potential

Posted on by [email protected]


Wednesday, May 27, 2026

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Unique within the junior mining space. Nicola Mining (NASDAQ: NICM, TSX.V: NIM) combines near-term cash flow generation with significant exploration upside across a portfolio of gold, silver, and copper assets in British Columbia. A key strategic asset is the fully permitted Merritt Mill, the only facility in British Columbia allowed to process third-party gold and silver ore, with expansion plans underway to increase throughput capacity. Nicola seeks to leverage its mill by providing milling services under profit-sharing agreements to third parties and consolidating small high-grade gold and silver projects in British Columbia, while advancing its New Craigmont Copper, Treasure Mountain Silver, and Dominion Creek Gold projects.

Advancing multiple avenues of growth. Nicola’s flagship New Craigmont Copper Project is a significant value driver, with ongoing drilling targeting a potential large-scale porphyry copper system adjacent to the Highland Valley Copper Mine. Nicola is also advancing the high-grade Treasure Mountain Silver Project and the Dominion Creek Gold Project, both of which are expected to see increased exploration and development activity later this year.


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Get the Full Report (NIM:CA)

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

First Phosphate Corp. (FRSPF) – A Major Expansion and Upgrading of Mineral Resources

Posted on by [email protected]


Wednesday, May 27, 2026

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

A Major Expansion and Upgrading of Mineral Resources. First Phosphate released the results of its updated Mineral Resource Estimate (MRE) for the Begin-Lamarche project in Saguenay-Lac-Saint Jean, Quebec, Canada. The updated MRE reflects the success of the company’s 2025 to 2026 drilling campaign, resulting in a 378% increase in indicated resources compared to the previous estimate completed two years ago. The significant upgrade is important because it advances a significant portion of the resource into the indicated and measured categories, which are required to move the project toward a feasibility study targeted for December 2026.

Longer Potential Mine Life. The ability to upgrade existing resources and classify newly discovered extensions directly into the indicated category demonstrates the strong continuity, consistency, and quality of the deposit. The increased tonnage is also expected to support a longer potential mine life, while the deposit remains open at depth, providing additional exploration upside and long-term growth potential.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.