FPX Nickel reports near-surface high-grade nickel zone in first Advocate drilling

Updated Nov 9, 2026 7:16am ET

Markets: The S&P/TSX Composite finished Friday at 35,789.09, up 183.82 points (+0.52%), while the S&P 500 ended at 7,376.86, up 23.13 (+0.31%), and the Nasdaq Composite closed at 24,579.42, up 264.42 (+1.09%). The Dow Jones Industrial Average finished Friday at 51,285.73, down 237.33 (-0.46%). The overnight news offers no clear catalyst for Friday's gains. Oil was lower in overnight trading at US$88.13, down 2.70 (-2.97%), after President Trump signalled no new attacks on Iran, even with reports of attacks on tankers in the Strait of Hormuz. Gold was at US$4,119.8 early today, up 44.9 (+1.10%), and silver was at US$52.705, up 0.763 (+1.47%). The Canadian dollar firmed to US$0.70969 in overnight trading, up 0.27%. Bitcoin futures were at 74,455 in overnight trading, down 1,500 (-1.97%). The S&P/TSX Venture Composite finished Friday at 822.03, up 15.71 (+1.95%), and the CSE Composite at 130.36, up 5.29 (+4.23%).

FPX Nickel: FPX Nickel called its first drill results at the Advocate property in Newfoundland positive. Four initial holes on a single section at Birchy North defined a near-surface, high-grade awaruite nickel zone, the company said. It also enlarged the drill program to more than 5,000 metres.

Canagold: Canagold Resources said its 2026 drilling at the New Polaris project in British Columbia's Golden Triangle keeps confirming and extending the high-grade gold and antimony zone. One hole returned 37.7 g/t gold and 4.57% antimony, according to the company's assay report. The project lies in the northwestern corner of the province.

Vesalius Longevity Labs: Vesalius Longevity Labs, formerly Sweet Earth Holdings, completed a US$6.5 million strategic financing led by an investor group organized by Harvey Spevak. The CSE-listed company describes itself as a leading global peptide and longevity company and said its shares will trade under a new symbol.

Beyond Oil: Beyond Oil is planning a non-brokered placement capped at C$20 million, priced at C$2.08 per unit. Each unit would bundle a common share with a half warrant, exercisable at C$3.50 for 24 months. Separately, Nextech3D.ai closed a $720,000 private placement offering.

Nvidia: Nvidia said its board is probing whether chief executive Jensen Huang was the target of a foreign intelligence effort. A media report had alleged Huang was close to a Chinese businesswoman who relayed information to Beijing. China rejected the allegations as unsubstantiated and a smear campaign, while Wall Street commentary turned to who might succeed Huang if he were forced out.

Geodrill: Geodrill reported third-quarter 2026 results showing revenue of $55 million for the second consecutive quarter, along with improved margins. The company describes itself as a West African based drilling company and also reported results for the nine months.

Graphite One: Graphite One outlined a path to production for its planned Ohio manufacturing plant after receiving an air permit. Phase 1 is designed to supply customers before the Graphite Creek mine begins production. EXIM Bank issued a letter of interest covering the proposed $1.4 billion plant, and the CEO said Ohio opens a route to customer sales and revenue ahead of mine output.

Fredonia Mining: Fredonia Mining appointed Gustavo Gomes as chief operating officer to advance its El Dorado–Monserrat development. Gomes previously served as global mining COO at ArcelorMittal and as CEO of Las Bambas, and the company cites more than 40 years of international mining experience. Fredonia said it has begun PFS work targeting completion in H2 2027.

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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.