Core Insights - TMX Group reported significant activity on the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for December 2025, highlighting a notable increase in new issuers compared to previous months and years [2][4]. TSX Summary - TSX welcomed 84 new issuers in December 2025, a substantial increase from 15 in November 2025 and 7 in December 2024 [2]. - Total financings raised in December 2025 amounted to approximately $3.00 billion, a decrease of 29% from the previous month but an increase of 151% compared to December 2024 [2][6]. - The total number of financings in December 2025 was 37, down from 43 in November 2025 and up from 26 in December 2024 [2][6]. - Year-to-date statistics for 2025 show 375 new issuers listed, a 153.4% increase from 148 in 2024 [7]. - Total financings raised year-to-date in 2025 reached approximately $23.26 billion, a 44% increase from $16.15 billion in 2024 [7]. TSXV Summary - TSXV had 2 new issuers in December 2025, compared to 3 in November 2025 and 2 in December 2024 [4]. - Total financings raised in December 2025 were approximately $1.57 billion, a 14% decrease from the previous month but a 222% increase from December 2024 [4][8]. - The total number of financings in December 2025 was 123, down from 153 in November 2025 and up from 120 in December 2024 [4][8]. - Year-to-date statistics for 2025 indicate 38 new issuers listed, a decrease of 20.8% from 48 in 2024 [9]. - Total financings raised year-to-date in 2025 reached approximately $10.09 billion, a 114.7% increase from $4.70 billion in 2024 [9]. Market Capitalization - The market capitalization of listed issues on TSX reached approximately $6.28 trillion in December 2025, up from $4.90 trillion in December 2024, reflecting a 28.1% increase [6][7]. - TSXV's market capitalization was approximately $142.03 billion in December 2025, an increase of 59.9% from $88.81 billion in December 2024 [8][9].

Croatian baked goods producer Mlinar has attracted up to €50m ($58m) in equity financing from Europe's leading development bank to fund expansion. The European Bank for Reconstruction and Development (EBRD) said it is providing the money to Mlinar's parent company See Bakery International to support an "expansion and modernisation strategy" in Croatia and the wider region. It will go towards funding organic growth and also M&A, the EBRD said in a statement today (22 December). The investment will also ...

Total sales increased by 15.9% in the nine months ended October 31, 2025 compared to 2024 (i)Product gross margins increased in the nine months ended October 31, 2025 by 1.4% to 46.1% compared to 2024Same store sales increased by 5.9% in the nine months ended October 31, 2025 compared to 2024 (i)Average ticket increased by 15.8% in in the nine months ended October 31, 2025 compared to 2024Closed $6.8 million in oversubscribed equity financingSubsequent to quarter-end, completed a $5.0 million equity financ ...

Group 1 - Lightwave Logic, Inc. (LWLG) is heavily reliant on equity markets, which exposes it to both positive and negative reflexivity effects [2] - The Valkyrie Trading Society is a team of analysts focused on high conviction and obscure developed market ideas, aiming for downside-limited and non-correlated returns in the current economic environment [2] - The Value Lab offers a portfolio with real-time updates, 24/7 chat support, regular global market news reports, feedback on member stock ideas, new trades monthly, quarterly earnings write-ups, and daily macro opinions [2]

Core Viewpoint - The acquisition of the Pedra Branca Copper and Gold Royalty is expected to significantly enhance the company's revenue and is a strategic addition to its existing portfolio [3]. Group 1: Acquisition Details - The company acquired the royalty from BlackRock World Mining Trust plc for USD 70 million in cash [3]. - The royalty consists of a 25% gold net smelter return (NSR) and a 2% copper NSR on BHP's Pedra Branca mine, which has been operational since 2020 [3]. - This acquisition is projected to be approximately 10% accretive to the company's net asset value per share [4]. Group 2: Strategic Fit - The Pedra Branca acquisition complements the company's gold-focused portfolio while also enhancing its exposure to copper in low-risk jurisdictions [3].

Core Viewpoint - FireFly Metals Ltd has announced a dual offering of ordinary shares, aiming to raise approximately C$30 million through a Canadian Offering and A$101.5 million through an Australian Offering, to fund various development initiatives [1][3]. Canadian Offering - The Canadian Offering involves the sale of 19,230,770 ordinary shares at a price of C$1.56 (A$1.70) per share, with gross proceeds expected to be C$30 million (approximately A$33 million) [1]. - BMO Nesbitt Burns Inc. will act on behalf of a syndicate of underwriters, and an option to purchase an additional 15% of the offering is available for over-allotments [1][2]. - The offering is expected to close around December 17, 2025, pending necessary regulatory approvals [2]. Australian Offering - Concurrently, FireFly has entered into an agreement with Canaccord Genuity to raise approximately A$101.5 million through the Australian Offering, which includes a charity flow-through placement of A$16.5 million and an institutional placement of A$85 million [3]. - A retail share purchase plan (SPP) will also be conducted, allowing eligible shareholders to subscribe for up to A$30,000 worth of shares, aiming to raise up to A$5 million [3]. Use of Proceeds - The net proceeds from both offerings and the SPP will primarily be allocated to fund development and early works, technical studies, underground drilling, regional exploration drilling, and general administrative expenses [7][4]. Company Overview - FireFly Metals Ltd is focused on advancing the Green Bay Copper-Gold Project in Newfoundland, Canada, which has a Mineral Resource of 50.4 million tonnes at 2.0% copper equivalent [6][25]. - The company also holds interests in the Pickle Crow Gold Project in Ontario and the Limestone Well Vanadium-Titanium Project in Western Australia [8].

Core Viewpoint - PesoRama Inc. has successfully closed a $5 million equity financing to support its expansion plans in Mexico, particularly under the JOI DOLLAR PLUS brand [1][2]. Financing Details - The equity offering raised gross proceeds of $5,000,000 by selling 20,000,000 units at a price of $0.25 per unit [1]. - The final closing included 6,000,000 units issued to accredited investors for gross proceeds of $1,500,000, while the first closing involved 14,000,000 units [3]. - The company will pay a cash commission of up to $105,000 and issue up to 420,000 finder warrants, each exercisable into one unit at a price of $0.25 [4]. Use of Proceeds - The net proceeds from the offering will be utilized for store expansion and working capital [4]. Company Overview - PesoRama operates dollar stores in Mexico, having launched in 2019, and currently has 29 stores offering a variety of merchandise including household goods, pet supplies, and health and beauty products [9].

Core Viewpoint - PesoRama Inc. has successfully completed the first closing of its equity financing, raising gross proceeds of $3,500,000, with plans for a second tranche to close soon [1][4]. Group 1: Equity Financing Details - The company sold 14,000,000 units at a price of $0.25 per unit, with the total equity financing targeted at $5,000,000 [1]. - Each unit consists of one common share and one warrant, allowing the holder to purchase an additional common share at $0.40 for 18 months from January 20, 2026 [2]. - A cash commission of $210,000 was paid, and 840,000 finder warrants were issued to finders, each exercisable into one unit at $0.25 until May 21, 2027 [3]. Group 2: Use of Proceeds and Company Background - The net proceeds from the offering will be utilized for store expansion and working capital [4]. - PesoRama operates dollar stores in Mexico under the JOI DOLLAR PLUS brand, having launched in 2019, and currently operates 29 stores offering a variety of merchandise [6].

Core Insights - Seabridge Gold Inc. maintains a strong financial position with cash and cash equivalents of $103.1 million as of 3Q25, bolstered by a US$100.2 million equity financing in February 2025 and a $30.5 million flow-through financing in June 2025 [1][7] - The company is focused on advancing its flagship KSM project and exploration activities at Iskut, 3 Aces, and Snowstorm [1] - Seabridge has renewed its US$750 million base shelf prospectus and US$100 million ATM facility in early 2025 [1] Financial Position - Cash and cash equivalents stand at $103.1 million at the end of the quarter [7] - Secured note liabilities amount to $583.1 million, which supports ongoing programs [7] Project Developments - The KSM project is advancing towards partnership and feasibility, with Treaty Creek substation construction on schedule for 4Q26 and field programs progressing towards a bankable study [7] - Drilling at Iskut Snip North has confirmed a significant Cu Au porphyry, including 819.7 meters at 0.66 g/t Au and 0.14% Cu, with a maiden resource targeted for 1Q26 [7]

Core Insights - Ascot Resources Ltd. reported a net loss of $23,521 for Q3 2025, an increase from a net loss of $11,232 in Q3 2024, and a total net loss of $345,392 for the nine months ended September 30, 2025, compared to a net loss of $14,490 for the same period in 2024 [6][8] - The company is undergoing a restructuring process, which includes a non-brokered Rights Offering aimed at raising up to $14,871 and a 50:1 share consolidation, both subject to TSXV approval [4][14] - Ascot has entered into a bridge loan agreement with Nebari Group for up to US$18 million, with conditions for drawdowns and warrants tied to future equity financing [5] Financial Results - For the three months ended September 30, 2025, the company recorded a net loss of $23,521, attributed to care and maintenance expenses of $9,882 and an impairment charge of $324,404 for the nine-month period [6][8] - As of September 30, 2025, cash and cash equivalents were $5,386, down from $27,974 at the end of 2024, with a working capital deficiency of $294,178 [10] - The company has not made scheduled principal and interest payments under its credit facilities, resulting in defaults and indicating significant uncertainties regarding its ability to continue as a going concern [11][12] Restructuring and Financing - The restructuring plan includes a $14.9 million Rights Offering, a 50:1 share consolidation, and a $150 million equity offering, with assistance from Fiore Management and Advisory Corp. [14][15] - Ascot is negotiating with Nebari Group to restructure existing indebtedness and amend secured streams with Sprott Private Resource Streaming and Royalty Corp. [7] - The company has placed its Premier Gold Project on care and maintenance since June 2025, with no timeline for resuming development, pending future financing [9][13] Management Changes - Bill Bennett resigned as Interim Chair of the Board on October 6, 2025, and was replaced by Indi Gopinathan [7]