$BRW

The article spotlights four junior explorers. Abitibi Metals (CSE: AMQ, OTC: AMQFF) is fully funded for a 40,000-metre B26 drill program, reporting intercepts and a Feb resource. Brunswick Exploration (TSXV: BRW) started 4,000 metres at Mirage lithium, with inferred resources. Carnaby Resources (ASX: CNB) completed a March PFS for Greater Duchess. Dakota Gold (NYSE-A: DC) plans a PFS by year-end for Richmond Hill.

NZX 50 fell 0.3 points to 13,762.79 as power stocks weighed; Infratil eased after an upgrade to its CDC data-centre value. A2 Milk slipped 1.7% after results broadly matching April guidance. Sky rose 2.4% on a seven-year NRL rights extension. Turnover was $126.3m; Fisher & Paykel Healthcare led at $17.7m.

Saba Capital Income & Opportunities Fund (NYSE: BRW) announced that its monthly distribution for April 2026, amounting to $0.085 per share, was entirely sourced from net investment income. The fund explicitly stated that 100% of this distribution came from income, with no portion attributed to net realized capital gains or return of capital. This notice is provided to shareholders as an estimate, with the final tax reporting details to be determined at year-end.

Saba Capital Income & Opportunities Fund II (SABA) announced its monthly distribution of $0.058 per share, estimating that 100% comes from net investment income. The fund has a 12.17% annualized distribution rate, but warns that distributions might include return of capital, which does not reflect investment performance and could reduce the fund's net asset value. Shareholders will receive a Form 1099-DIV for tax reporting purposes at year-end.