East Coast Snapshot: Eight juniors on the hunt in Atlantic Canada
Although many of the mineral deposits in Atlantic Canada are on the smaller side, the region is nonetheless home to dozens of junior explorers and developers with active programs in…
New Millennium Iron Corp
TSX creeps higher, Jan. 23–27
Canada’s main stock index inched up after the first trading week since U.S. president Donald J. Trump took office. The S&P/TSX Composite Index added 0.2% to close at 15,575.81. The…
TSX stays flat, July 25–29
The S&P/TSX Composite Index stayed relatively flat at 14,582.74. The benchmark index increased 3.7% in July, marking its best month since March. The S&P/TSX Capped Diversified Metals & Mining Index…
TSX finishes in the red, Feb. 22-26
Canada’s benchmark index slipped 0.1% to close at 12,797.79, despite higher crude oil prices. The S&P/TSX Capped Diversified Metals & Mining Index, however, gained 0.7% to close at 352.81. The…
New Millennium sticks to its guns in fight with dissidents
New Millennium Iron (TSX: NML) is in the throes of a proxy fight as disgruntled shareholders aim to replace the company’s board of directors at a special shareholders’ meeting in mid-March.
TSX posts small gains, Dec. 18-22
The Toronto stock market ended in positive territory, with the S&P/TSX Composite Index gaining 0.5% to close at 13,082.86. The S&P/TSX Global Mining Index climbed 4.5% to 43.70, while the S&P/TSX Capped Diversified Metals &…
Shareholder activism is the ‘new normal,’ Kingsdale report says
VANCOUVER — There’s been a rising tide of proxy contest activity in Canadian markets since 2008, and advisory firm Kingsdale Shareholder Services is cautioning companies that higher shareholder activism represents a “new…
TSX posts gains, Nov. 10-14
The S&P/TSX Composite Index posted its fifth straight week of gains, buoyed in part by strong economic data showing manufacturing sales in Canada climbed 2.1% to $53 billion in September, compared with a 3.5% drop in August. The S&P/TSX…
Desjardins analyst cuts target price on New Millennium
Jackie Przybylowski, an analyst at Desjardins Capital Markets, has axed her price target on New Millennium Iron to 40¢ from 70¢ previously, noting the company’s management hinted at possible financing needs and delays in its…
New Millennium, Tata Steel show Taconite is feasible
VANCOUVER — The Taconite project feasibility study is complete, which means that in four months project-owner New Millennium Iron (TSX: NML) should know whether joint-venture partner Tata Steel will turn the Labrador Trough iron-ore…
New Millennium Iron shares rally
Shares of New Millennium Iron (TSX: NML) jumped 6.17%, 14.08% and 12.70% in the three days following the Aug. 14 announcement that the junior’s joint-venture company with Tata Steel known as Tata Steel Minerals Canada, had…
New Millennium keeps growing
With another 7.6 billion tonnes of iron ore resource coming from its Howells River North and Howells Lake properties in Labrador, New Millennium Iron (NML-T) counts itself as one of the world’s largest iron ore resource holders.