Latest from National Post
National Post
43 minutes ago
- Business
- National Post
What the National Hockey League's CBA extension means for Canada's teams
The National Hockey League and NHL Players' Association have decided to give labour peace another chance. Article content Before the first round of the NHL draft was held Friday night at the Peacock Theatre in Los Angeles, commissioner Gary Bettman and Marty Walsh, the executive director of the union, held a news conference to announce a four-year extension of the collective bargaining agreement. Article content Article content Article content The deal needs to be ratified by the NHL's board of governors and the members of the NHLPA. The players will begin voting next week, and the board of governors saw most of the details during a meeting last Wednesday in Los Angeles. Article content The current agreement will expire in Sept. 2026. The new deal ensures members of the NHL and the fans that there is no chance of labour uncertainty until 2030. The NHL has had several work stoppages, including the 2004-05 lockout that wiped out the whole season. Article content The most recent lockout was in 2012-13. Article content 'This was a very thorough, constructive and professional process, and I think that bodes very well for the future of the game and the relationship between the players and the league going forward again, while we have an understanding and agreement,' Bettman said on Friday. Article content Walsh echoed those sentiments. Article content 'The process for us now is to take this agreement to the entire membership for ratification; we're going to do that over the next week or so,' Walsh said. 'I'm happy with the process. Hopefully, the players will be happy with the outcome.' Article content So, what does this mean for hockey fans in Canada? Article content All teams will have to be cap-compliant for the playoffs, which will help even the playing field. Article content THE ALMIGHTY DOLLAR Article content The cap will rise significantly over the next three seasons, which will make life more challenging for small-market teams in places such as Ottawa and Winnipeg in a league where the salaries are paid in U.S. dollars. Article content This year, teams can spend up to $95.5 million US, but in 2026-27, that number will rise to $104 million. It will go up to $113 million in 2027-28. Article content If Winnipeg and Ottawa want to spend up to the cap in 2027-29, it will cost the seven clubs north of the border $154 million in Canadian currency, based on the current exchange rate. Article content 'What we were trying to do was catch up after a number of years of a flat cap, and so we were trying to do that on an orderly basis,' Bettman said of releasing salary projections for three seasons. Article content 'Over the years, our projections have been pretty good, and while we can always agree to make adjustments if circumstances warrant, we think the projections that we made and the caps that we put in place for the next three years are where they should be.'
National Post
2 hours ago
- Sport
- National Post
Dobson deal could be template for Oilers D Evan Bouchard extension
That $9.5-million AAV deal that Noah Dobson signed in Montreal after his New York Islanders' trade might be a template for Evan Bouchard's Edmonton Oilers ' contract negotiation. Article content Not sure Bouchard wants to sign here for eight years as Dobson did with the Habs — the feeling is he might want shorter, say, four years, to see where the salary cap goes — but these are similar, offensive-minded defencemen. Same right-shot, same age, 25, same draft year in 2018. Bouchard went 10th, Dobson 12th. Article content Article content Article content Virtually the same stats in league play. Article content Bouchard has played 347 Oiler games with 238 points. Article content Dobson has played 388 New York Islander games with 230 points, with nowhere near the calibre of Connor McDavid or Leon Draisaitl to pass to. Article content Now, of course, Bouchard is a much better playoff performer, with 72 points the past three seasons, which probably means he should be in the $10 million range. Article content But, we'll see. Article content We get it that the Islanders are into a rebuild but not sure why they would feel the need to so quickly move their best defenceman, Dobson, albeit coming off an off-year with 39 points, for the underwhelming return of third-line winger Emil Heineman and the 16th and 17th overall picks in the draft Friday — draft picks likely three years away from being ready for the NHL. Article content As we all know, new Isles' GM Mathieu Darche, looking to make a splash, is trying to move way up in the first round, dangling both picks to get Long Island native centre James Hagens. He's heavily desired by their owner Jon Ledecky. Article content Article content Bottom line in all of this: Article content Who trades 25-year-old right-shot defencemen with almost 400 NHL games? Article content Clearly Darche feels the first-overall pick Matthew Schaefer can replace Dobson, and he probably can, but immediately? The Isles have a very average back end today and they didn't get a veteran defenceman back in the trade for Dobson or even farmhand Logan Mailloux, Habs' top prospect defenceman. Article content Dobson could play right side with Sherwood Park's Kaiden Guhle in Montreal's top pair, and now the Habs have two power-play threats from the back end with Dobson and rookie-of-the-year Lane Hutson. Article content Trent Frederic made it clear at his post-playoff Oilers availability that, while he's played left and right wing in Boston and here after his trade, he really wants to give centre a shot, and the Oilers probably think the same, as long-range third-line centre off their eight-year contract. Maybe Frederic can be their Adam Lowry lite, a don't-mess-with-me centre like the Winnipeg Jets' captain, who can score 15 to 20 goals and also work in a shutdown role and in a penalty-killing rotation.
National Post
2 hours ago
- Business
- National Post
Silver Storm Upsizes Non-Brokered Life Financing for Gross Proceeds of Up to C$4.0 Million
Article content TORONTO — Silver Storm Mining Ltd. (' Silver Storm ' or the ' Company ') (TSX.V: SVRS | FSE: SVR), is pleased to announce that as a result of strong investor demand, Company has decided to increase the size of the previously announced non-brokered private placement (the ' Offering ') from gross proceeds of up to C$2,600,000 to gross proceeds of up to C$4,004,000. The upsized Offering is comprised of the sale of up to 30,800,000 units of the Company (each, a ' Unit ') at a price of $0.13 per Unit (the ' Offering Price '). The Offering was originally announced on June 23, 2025. Article content Each Unit will consist of one common share of the Company (each, a ' Unit Share ') and one common share purchase warrant (each a ' Warrant '). Each Warrant shall entitle the holder to purchase one common share (each, a ' Warrant Share ') at a price of C$0.20 at any time on or before that date which is thirty-six (36) months after the date of issuance. Article content The Company intends to use the net proceeds from the Offering for: (i) the procurement of mine processing flotation cells; (ii) to commence rehabilitation work of the La Parrilla processing facility including equipment purchase and refurbishment, labour and supplies; (iii) to order long lead items including deposits on mining equipment and ventilation fans; (iv) to fund ongoing operations for the next twelve months; and (v) for general corporate and working capital purposes. Article content Subject to compliance with applicable regulatory requirements and in accordance with Part 5A of National Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated Blanker Order 45-935 – Exemptions From Certain Conditions of the Listed Issuer Financing Exemption (the ' Listed Issuer Financing Exemption '), the Units will be offered for sale to purchasers resident in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan. The Unit Shares and Warrant Shares underlying the Units are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers' resident in Canada. The Units sold under the Offering may also be issued to purchasers outside of Canada, including to purchaser's resident in the United States and in certain offshore foreign jurisdictions, pursuant to applicable regulatory requirements and in accordance with OSC Rule 72-503 – Distributions Outside Canada (' OSC Rule 72-503 '). The Units sold to purchasers in the United States will be made on a private placement basis pursuant to one or more exemptions from registration requirements of the United States Securities Act of 1933, as amended (the ' U.S. Securities Act '). Purchasers are advised to consult their own legal advisors in this regard. Article content There is an amended and restated offering document relating to the Offering dated June 27, 2025 (the ' Amended and Restated Offering Document ') that can be accessed under the Company's profile at and on the Company's website at Prospective investors in the Offering should read the Amended and Restated Offering Document before making an investment decision. Article content The Offering may close in one or more tranches. Completion of the Offering is subject to certain conditions including but not limited to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the ' TSXV '). Article content The Company may pay a cash commission to eligible finders who introduce subscribers to the Offering equal to up to 6.0% of the gross proceeds of the Offering and finder warrants (each, a ' Finder Warrant ') up to 6.0% of the number of Units sold pursuant to the Offering. Each Finder Warrant is exercisable into one common share of the Company at the Offering Price for a period of thirty-six (36) months following the completion of the Offering. Article content This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the U.S. Securities Act, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Article content About Silver Storm Mining Ltd. Article content Silver Storm Mining Ltd. holds advanced-stage silver projects located in Durango, Mexico. In 2023 Silver Storm acquired of 100% of the La Parrilla Silver Mine Complex, a prolific past producing operation comprised of a 2,000 tpd mill as well as five underground mines and an open pit that collectively produced 34.3 million silver-equivalent ounces between 2005 and 2019. The Company also holds a 100% interest in the San Diego Project, which is among the largest undeveloped silver assets in Mexico. For more information regarding the Company and its projects, please visit our website at Article content Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Article content Cautionary Note Regarding Forward Looking Statements: Article content Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of the phrase 'forward-looking information' in the Canadian Securities Administrators' National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company completing the Offering as planned and on the terms presented, the intended use of proceeds of the Offering, the closing conditions of the Offering, TSXV approval of the Offering, the anticipated closing date of the Offering, the Company's plans and expectations for La Parrilla, and the ability to eventually place the La Parrilla Complex back into production. Article content In making the forward-looking statements included in this news release, the Company have applied several material assumptions, including that the Offering will close on the anticipated terms or at all or may not close on the terms and conditions currently anticipated by the Company; that the Units will have the anticipated terms; that the Company will use the net proceeds of the Offering as anticipated; that the Company will receive all necessary approvals in respect of the Offering; the Company´s financial condition and development plans do not change because of unforeseen events, and management's ability to execute its business strategy and no unexpected or adverse regulatory changes with respect to La Parrilla, the decision to potentially place La Parrilla into production, other production related decisions or to otherwise carry out mining and processing operations, being largely based on internal non-public Company data and reports from previous operations and not based on NI 43-101 compliant reserve estimates, preliminary economic assessments, pre-feasibility or feasibility studies, resulting in higher risks than would be the case if a feasibility study were completed and relied upon to make a production decision. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. Article content Such forward-looking information represents managements best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Article content Article content Article content Article content Article content Article content
National Post
2 hours ago
- Business
- National Post
Granite REIT Notice of Conference Call for Second Quarter 2025 Results
Article content TORONTO — Granite Real Estate Investment Trust ('Granite') (TSX: / NYSE: GRP.U) expects to announce its financial results for the second quarter ended June 30, 2025 after the close of markets on Wednesday, August 6, 2025. Article content Granite will hold a conference call and live audio webcast to discuss its financial results. The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer. Article content Article content Conference Call: Article content To hear a replay of the webcast, please visit The replay will be available for 90 days. Article content ABOUT GRANITE Article content Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 144 investment properties representing approximately 63.3 million square feet of leasable area. Article content OTHER INFORMATION Article content Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators' System for Electronic Data Analysis and Retrieval+ (SEDAR+) which can be accessed at and on the United States Securities and Exchange Commission's Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at For further information, please see our website at or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Senior Director, Legal & Investor Services, at 647-925-7504. Article content Article content Article content Article content Contacts Article content Teresa Neto Chief Financial Officer 647-925-7560 Article content Article content Article content
National Post
2 hours ago
- Business
- National Post
Altimetrik and SLK Software Join Forces to Create an AI-First Engineering Services Powerhouse
Article content DETROIT — Altimetrik, a pure-play AI, Data and Digital engineering solutions company, today announced the signing of a definitive agreement to acquire SLK Software ('SLK'), a global technology services firm focused on delivering AI, intelligence automation and analytics solutions. The acquisition will further strengthen Altimetrik's end-to-end enablement services and expand its customer reach, with a clear path to accelerate towards Altimetrik's goal of reaching $1billion in annual revenue. The transaction remains subject to customary closing conditions and is expected to close in the second half of 2025. Financial details were not disclosed. Article content Founded in 2000, SLK is recognized as a leader in the tech industry, and for its commitment to create innovative digital solutions. This strategic acquisition will significantly enhance the scale of Altimetrik's capabilities, bringing together Altimetrik's AI-first, platform-native engineering model and SLK's full technology services stack that will further accelerate the journey towards modernizing enterprise platforms for its customers. Article content Article content Altimetrik is among the most evolved digital services providers with advanced data and digital engineering capabilities, a bite sized approach that creates high ROI client outcomes and exceptional track record of data and AI led deployments. Altimetrik will additionally leverage SLK's deep customer relationships, global operational footprint and complementary leadership talent to further deliver innovation-led value creation for customers. Article content 'In today's world, AI, and especially Generative AI and Machine Learning, is the engine that is driving true business value,' said Raj Sundaresan, CEO of Altimetrik. 'To enable an AI-First business a robust data cloud infrastructure that is grounded in product and platform engineering rigor is crucial. Our investment in SLK reflects our intention to deepen our commitment to customers who are looking for digital, AI-driven solutions that enable business value creation at unparalleled speed and scale. We are incredibly excited and look forward to welcoming SLK Software to the Altimetrik family.' Article content 'This is not a traditional integration. It is a strategic acceleration,' said Parth Amin, Founder & Chairman of SLK Software. 'In Altimetrik, we've found a partner who shares our values of customer intimacy, people centricity, and a passion for innovation and agility. Together we will unlock greater capabilities for our clients while preserving the speed and responsiveness they trust us for.' Article content Upon the closing of the transaction, the combined entity will serve a global customer base of over 150 businesses that include Fortune 500 companies and some of the most innovative tech enterprises. It will also enable a partnership network that includes era-defining pioneers such as OpenAI, Amazon Web Services, Snowflake, and Databricks. Together, the business will employ over 10,000 professionals around the world to support customers who are in their digital transformation journey and are looking for innovative solutions to modernize legacy systems through leveraging data and AI, while ensuring world-class governance, compliance, and platform security. This includes organizations across diverse industries, from Financial Services & Payments to Pharma and Lifesciences, to Technology and Manufacturing. Article content 'Altimetrik and SLK coming together is a strategic leap for the industry,' said Puneet Bhatia, Co-Managing Partner and Country Head, India of TPG Capital Asia and Board Member at Altimetrik. 'This combination creates an AI-first digital engineering platform with the scale, leadership, and execution muscle to deliver meaningful outcomes across industries. With TPG's track record and experience in supporting enterprise tech businesses, we are proud to be able to support this next phase of growth and value creation.' Article content 'This acquisition underscores TPG's investment thesis in technology services, which is indexed on backing strategic technology providers that are leading the data and AI transformation journey for customers, with differentiated business, pricing and delivery models,' said Vivek Mohan, Business Unit Partner at TPG Capital Asia and Board Member at Altimetrik. Article content Highlighting the breadth and depth of the combined business, Raj Vattikuti, Board Member and Founder of Altimetrik said, 'Beyond combining capabilities, bringing together the two businesses is about scaling what we do best: solving real business problems with precision and speed. With SLK, we are expanding our ability to bring industry context, simplify complexity, and deliver AI-native transformation.' Article content Ajay Kumar, CEO of SLK Software added, 'SLK's customer-first approach has led to building offerings powered by AI to deliver outstanding results for our clients. As a combined entity, SLK and Altimetrik are now set to unlock exceptional value and drive measurable impact at scale for our clients.' Article content Avendus Capital acted as the exclusive financial advisor to SLK Software. EY acted as the exclusive financial advisor to Altimetrik and TPG. Article content About Altimetrik Article content Altimetrik is a pure-play AI, Data, and Digital business services company. We focus on delivering business outcomes with an incremental, product-oriented approach. Our industry-first, proven digital business methodology provides a blueprint to develop, scale, and launch new products to market faster. Our team of 6,000+ practitioners with software, data, and cloud skills builds an agile engineering culture of collaboration and innovation that modernizes technology and builds new business models in bite-sized increments. As a strategic partner and catalyst, Altimetrik quickly delivers results without disruption. Recognized as a Major Contender in Everest Group's BFSI IT Services Specialists PEAK Matrix® Assessment 2025 and a Product Challenger in ISG Provider Lens™ 2024 for Advanced Analytics and AI Services, Altimetrik continues to lead the way in delivering cutting-edge digital transformation. Learn more at Article content About SLK Software Article content SLK Software is a global technology services provider focused on bringing AI, intelligent automation, and analytics together to create leading-edge technology solutions for our customers through a culture of partnership with them, led by an evolutionary mindset. For 25 years, we have helped organizations across diverse industries — insurance providers, financial service organizations, investment management companies, and manufacturers — reimagine their business and solve their present and future needs. Certified as a Great Place To Work®, we encourage an approach of constructively challenging the status quo in all that we do to enable peak business performance for our customers and for ourselves, through disruptive technologies, applied innovation, and purposeful automation. Find out how we help leading organizations reimagine their business at Article content Article content Article content Article content Contacts Article content Media Contacts: Article content Altimetrik Gurvinder Singh Sahni GSahni@ Article content Article content Article content
