Industry

Canada has outlined a national strategy to secure digital sovereignty and expand AI adoption. In speeches delivered in Montreal and Toronto, Minister Evan Solomon emphasized the risks of foreign jurisdiction over Canadian data and the need for sovereign compute infrastructure. The plan is structured around three pillars: capital, customers, and compute, with government procurement supporting domestic AI champions such as Cohere. Additional priorities include updating data privacy laws, strengthening trust, and retaining research talent. A 30-day AI Task Force will accelerate policy development, with a full national strategy expected by year-end. [more]

Morgan Properties announced on August 21, 2025, that it will acquire Dream Residential REIT in an all-cash deal valued at US$354 million. The purchase price of $10.80 per unit represents a 60% premium to Dream’s February 19 closing price and 18% above the August 20 price. The transaction adds 3,300 units to Morgan’s portfolio. The deal reflects ongoing consolidation in the multifamily sector as REITs face valuation discounts. Dream’s board unanimously approved the agreement, citing value creation for unitholders. Completion is expected in late 2025, pending approvals. [more]

eResearch has initiated coverage on Turnium Technology Group (TTGI), a Canadian IT solutions company focused on delivering secure, scalable Technology-as-a-Service (TaaS) offerings to SMEs via global channel partners. TTGI operates through three integrated solution groups TNSI, Tenacious Networks (TNET), and Claratti. The report covers its evolving business model, recent financial results, and valuation framework. With multi-year SME contracts and a growing recurring revenue base, TTGI is positioned for margin expansion and international growth. Our 61-page report includes a detailed financial valuation and an investment thesis. We are initiating coverage with a Speculative Buy rating and a $0.25 target. [more]

Edgewater Wireless Systems (TSXV: YFI) developed Spectrum Slicing technology to address growing Wi-Fi congestion caused by the proliferation of connected devices. Its patented approach splits a single Wi-Fi channel into multiple streams, improving capacity, latency, and performance. Backed by successful pilots and strategic partnerships, Edgewater is releasing its next-generation solution and scaling production of its MLX 488 chip, integrating AI to optimize traffic. The Company’s IP value is estimated between $90 to $180 million, far above its current market cap. Positioned as a fabless semiconductor innovator, Edgewater is targeting enterprise, residential, and IIoT markets as Wi-Fi demands increase globally. [more]

Ontario has begun construction on Canada’s first small modular reactor (SMR), a $20.9B project led by Ontario Power Generation at its Darlington site. The build includes four GE Hitachi BWRX-300 units, with the first scheduled to come online in 2030. The SMRs aim to meet Ontario’s rising electricity demand and provide a case study for global nuclear investment. The government projects $38.5B in long-term GDP contribution and over 18,000 jobs. Execution risks remain, but Ontario is positioning itself as a nuclear leader. [more]

Hercules Metals is progressing exploration at its 100%-owned Hercules Project in Idaho, where drilling has defined a copper porphyry system known as Leviathan beneath an upper silver zone. Backed by strategic investor Barrick Mining, Hercules Mining plans a 12,000m program in 2025 targeting deeper porphyry zones and potential new targets across the property. Newly permitted areas and additional land agreements strengthen the company’s position. Historic and recent drilling suggest multi-metal potential, and planned activity across the Eastern Block, Southern Flats, and Grade Creek zones may provide key catalysts for shareholders in the coming months. [more]

The U.S.-Ukraine minerals agreement gives U.S. firms access to Ukraine’s rare earths, lithium, and hydrocarbons in exchange for ongoing aid and a revenue-sharing model. The deal establishes a reinvestment fund for infrastructure and energy development, though the governance structure remains incomplete. Ukraine’s Parliament must still ratify the agreement, and the war adds significant uncertainty. Several U.S. and European mining and defense companies are reportedly assessing opportunities. With no production timeline and limited transparency rules, the arrangement reflects geopolitical positioning as much as economic strategy. However, investors are watching for signs of stability before capital begins to flow at scale. [more]

Canadian North Resources Inc (TSXV: CNRI) continues to advance its 100%-owned Ferguson Lake Project in Nunavut, Canada. The polymetallic resource includes copper, nickel, cobalt, palladium, and platinum, all key metals for the clean energy transition. A 2024 mineral resource estimate outlines 66.1 Mt Indicated and 25.9 Mt Inferred, including 1.093 billion pounds of copper and 678 million pounds of nickel in the Indicated category, with most of the resource mineable by open pit. Ongoing metallurgical and geophysical work supports further resource expansion. With over C$190 million in historical investment, the project is positioned as a potential joint venture or acquisition target as CNRI works toward future technical studies and project de-risking. [more]