West Red Lake lines up facility of up to US$95 million

Updated Nov 2, 2026 4:56pm ET

Markets

The S&P/TSX Composite closed at 35,801.09, up 181.06 points, with industrials and basic materials leading. Oil fell to US$96.44 in late-afternoon trading, down 7.68, after Washington and Tehran both signalled openness to renewed peace talks. Gold traded at US$3,955.2 and silver at US$50.625 at the same point, both higher. USD/CAD stood at 1.39901, a slightly softer Canadian dollar. On the deal front, Blackstone and four Canadian institutional investors agreed to a US$3.1-billion purchase of a Mitsubishi Corp. unit that carries an LNG Canada stake.

Venture & CSE

The S&P/TSX Venture Composite closed at 800.83, down 2.95, and the CSE Composite closed at 131.79, down 3.30. West Red Lake Gold said it signed a binding term sheet covering a credit facility of as much as US$95 million, tied to a gold offtake agreement with Centalion, and a trade report said the loan is meant to lower borrowing costs. Myriad Uranium on the CSE said it closed its cash-and-share purchase of the Los Altares uranium project in Argentina. Vizsla Copper on the TSX Venture said it completed its Agnico transaction and acquired two new Alaska projects. In Quebec, Gold Fields secured the province's principal environmental approval for Windfall, and Nouveau Monde Graphite obtained a mining lease for Matawinie. Bitcoin futures traded at 76,895 in late-afternoon trading, while Binance customers have withdrawn a net $4.72 billion since the exchange reopened after the hack.

Market data

Closing index levels; commodities and currencies are late-afternoon trading, not settlements.

Nov 2, 2026 4:55pm ET

TSX Venture most active

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TSX Venture gainers

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CSE most active

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CSE gainers

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Written by AI based upon public market data and company news releases, and checked automatically before publishing. Company statements are reported as the companies made them. Not investment advice.