News and stories about business related info and developments.
Business
Carbonova Fuels Calgary's Cleantech Future Calgary-based cleantech innovator Carbonova has secured significant financing to accelerate its C$13.6 million Commercial Demonstration project in Alberta, marking a pivotal step in transforming greenhouse gas emissions into high-performance carbon nanofibers (CNF). This substantial investment underscores growing confidence in Alberta'
Business
Calgary's Strategic Investment in Agri-Food Innovation The Opportunity Calgary Investment Fund (OCIF) is committing up to $2.75 million over five years to establish AgSphere, a pioneering hub designed to advance agri-food innovation across Canada. This investment, announced December 2, 2025, directly manifests the City of Calgary’s
Business
Major Renewable Project Clears Final Hurdles Westbridge Renewable Energy Corporation, a Calgary-based leader in clean energy development, announced on December 2, 2025, that its Dolcy Solar + Energy Storage Project has received final transmission and connection approvals from the Alberta Utilities Commission (AUC) through Decision 30228-D01-2025. This significant milestone, achieved by
Business
Calgary Innovators Take Global Stage Calgary's vibrant life sciences sector is poised for international recognition as Syantra Inc., a local precision biotechnology company, prepares to showcase its groundbreaking research at the San Antonio Breast Cancer Symposium (SABCS) 2025, taking place from December 9–12 in San Antonio, Texas.
Business
Paramount's Dividend: A Snapshot Calgary-based Paramount Resources Ltd. (TSX: POU), a prominent independent Canadian energy company, recently announced a cash dividend of $0.05 per common share, payable on December 31, 2025, to shareholders of record on December 15, 2025. This "eligible dividend" highlights the ongoing
Business
Strategic Financial Backing for Dual-Basin Development Calgary-based Alvopetro Energy Ltd. (TSXV: ALV, OTCQX: ALVOF) announced a significant financial milestone on December 1, 2025: a US$20 million loan agreement. This credit facility was secured by its wholly-owned subsidiary, Alvopetro S.A. Extração de Petróleo e Gás Natural, with Itaú BBA
Business
Calgary's Energy Sector Eyes InPlay Oil's Dividend Calgary-based InPlay Oil Corp. (TSX: IPO, OTCQX: IPOOF), a junior oil and gas company focused on light oil production in Alberta, has confirmed a monthly cash dividend of $0.09 per common share for December 2025. This dividend, payable
Business
AIOC to Facilitate Landmark Indigenous Pipeline Investment The Alberta Indigenous Opportunities Corporation (AIOC) has been named a key partner in a Memorandum of Understanding (MOU) for the proposed Canada-Alberta Pipeline, announced November 28, 2025. This reflects a commitment by both federal and Alberta governments to support a new bitumen pipeline,
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Major Capital Infusion for Alberta's Energy Sector Calgary-based Canadian Utilities Limited, an ATCO company, announced the successful closing of its public offering of Cumulative Redeemable Second Preferred Shares Series JJ on November 27, 2025. The issuance of 8,050,000 Series JJ Preferred Shares generated gross proceeds of
Business
Calgary-based Vermilion Energy Inc. is set to host a virtual Investor Day on Wednesday, December 10, 2025, at 9:00 AM MT. This event, announced via PR Newswire on November 26, 2025, will provide crucial insights into the company's repositioned global gas portfolio and future outlook, underscoring Calgary&
Business
Court Gives Green Light to Billions Strathcona Resources Ltd., a prominent Calgary-based heavy oil producer, has secured final court approval for a substantial $10.00 per share special distribution, totaling approximately $2.142 billion in aggregate. The Court of King's Bench of Alberta issued its final order on
Business
Westgate Energy's Strong Q3 Performance Calgary-based junior exploration and production company, Westgate Energy Inc. (TSXV: WGT), recently filed its unaudited financial and operating results for Q3 2025, showing significant growth. Production for the quarter averaged 434 barrels of oil equivalent per day (boe/d), a remarkable 104% increase
