Midasco Capital Corp: Trading Halted Amid Acquisition of Tungsten and Critical Metals Project

On June 3, 2025, Midasco Capital Corp, a mining exploration company listed on the TSX Venture Exchange, experienced a trading halt at the open. The halt was announced by the Canadian Investment Regulatory Organization (CIRO), which oversees trading activities in Canada. The suspension, effective from 9:01 AM ET, was due to a dissemination halt, a measure taken to ensure a fair and orderly market.

The trading halt coincided with significant news regarding Midasco Capital Corp’s business activities. On the same day, multiple sources confirmed that Ridgeline Minerals Corp. sold its Tungsten and Critical Metals Project to Midasco Capital Corp. This acquisition was formalized through an arm’s length share purchase agreement dated June 2, 2025. The transaction was announced by both companies, highlighting a strategic expansion for Midasco in the critical metals sector.

As of May 29, 2025, Midasco Capital Corp’s close price was CAD 0.185, with a 52-week high of CAD 0.19 and a low of CAD 0.055. The company’s market capitalization stood at CAD 3,450,000. Despite the acquisition, the company’s price-to-earnings ratio remained at -63.76, reflecting its current financial performance.

This acquisition marks a significant development for Midasco Capital Corp as it seeks to enhance its portfolio in the mining exploration sector. The trading halt is expected to be lifted once the dissemination of the acquisition details is complete, allowing investors to react to the new developments.