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Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) Q2 2025
Newsfile· 2025-07-25 13:36
Group 1 - Third Coast Bancshares, Inc. reported a net income of $16.8 million for Q2 2025, an increase from $13.6 million in Q1 2025, with basic and diluted EPS of $1.12 and $0.96 respectively [1][7] - The increase in net income was primarily driven by higher net interest income due to opportunistic securitization of the portfolio and stable expenses related to salaries and employee benefits [1] - The net interest margin expanded to 4.22% in Q2 2025, up from 3.80% in Q1 2025 and 3.62% year-over-year [7] Group 2 - The company experienced a higher provision for credit losses and expenses related to securitization, which partially offset the increase in net income [1] - Gross loans reached $4.08 billion as of June 30, 2025, and the efficiency ratio improved to 55.45% from 61.23% [7] - The company is expected to continue prioritizing operational efficiency, sustaining a 1% improvement initiative with forecasts indicating stable non-interest expenses [1]
Red Light Holland Selects Arch Public for Bitcoin Purchases on Recommendation from Advisor Scott Melker
Newsfile· 2025-07-25 12:32
Red Light Holland Selects Arch Public for Bitcoin Purchases on Recommendation from Advisor Scott MelkerJuly 25, 2025 8:33 AM EDT | Source: Red Light Holland Corp.Toronto, Ontario--(Newsfile Corp. - July 25, 2025) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTCQB: TRUFF) ("Red Light Holland" or the "Company"), an Ontario-based corporation engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, as well as a premium brand ...
Phio Pharmaceuticals Announces Agreement with U.S. Manufacturing Source for Drug Substance
Newsfile· 2025-07-25 11:45
Core Insights - Phio Pharmaceuticals has entered into a comprehensive drug substance development services agreement with a U.S. manufacturer for its lead compound PH-762, which is a significant step in advancing its intratumoral program for treating cutaneous carcinomas [1][2] - The company is currently enrolling patients for the fifth and expected final cohort in its Phase 1b dose escalation study targeting cutaneous squamous cell carcinoma, Merkel cell carcinoma, and melanoma [1][2] Company Overview - Phio Pharmaceuticals Corp. is a clinical-stage siRNA biopharmaceutical company focused on developing therapeutics using its proprietary INTASYL® gene silencing technology aimed at eliminating cancer [1][2] - The lead clinical program, PH-762, is designed to silence the PD-1 gene, which is implicated in various forms of skin cancer, and represents a potential non-surgical treatment option [2]
Exploration Drilling Underway at the Pine Ridge Uranium Project In the Powder River Basin, Wyoming
Newsfile· 2025-07-25 11:30
Core Viewpoint - Snow Lake Resources Ltd. has commenced its initial exploration drilling program at the Pine Ridge Uranium Project in Wyoming, a joint venture with Global Uranium and Enrichment Limited, aiming to establish a maiden mineral resource estimate by the end of 2025 [1][4][5]. Company Overview - Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian mineral exploration company listed on NASDAQ: LITM, with a focus on critical minerals and clean energy projects [13]. Project Details - The Pine Ridge Uranium Project is located in the Powder River Basin, the most significant area for uranium production in the U.S., primarily utilizing In-Situ Recovery (ISR) methods [2][5]. - The maiden drill program will involve approximately 38,000 meters (125,000 feet) of drilling, targeting high-priority areas identified from historical data [2][4][11]. Strategic Importance - The project is positioned near existing uranium operations, including Cameco's Smith Ranch Mill, which has a licensed capacity of 5.5 million pounds of U3O8 per annum, highlighting its strategic location for potential uranium production [5][7]. Operational Execution - The drilling program has received the necessary permits from the Wyoming Department of Environmental Quality, and Single Water Services LLC will conduct the drilling, leveraging their previous experience in the area [9][10]. - The Joint Venture has contracted Bryan Soliz for geological modeling, who brings over 25 years of experience in the Powder River Basin, enhancing the project's exploration efforts [10].
Mason Resources Highlights Performance and Value of Key Public Market Investments
Newsfile· 2025-07-25 11:30
Core Insights - Mason Resources Inc. reports strong performance from its key public market investments, including Nouveau Monde Graphite, Black Swan Graphene, NorthX Nickel, and Astra Exploration, indicating robust returns across public markets [1][2][3] Investment Performance Highlights - Nouveau Monde Graphite Inc. is experiencing significant growth following the U.S. Commerce Department's preliminary anti-dumping duties of 93.5% on anode-grade graphite from China, positively impacting share prices [5] - Black Swan Graphene Inc. launched graphene-enhanced masterbatches after a $6 million financing in February 2025, leading to positive market reactions [5] - NorthX Nickel Corp. successfully sold its Sudbury properties, which has de-risked the company and positively influenced its share price [5] - Astra Exploration Inc. announced favorable drilling results at its silver project in Argentina, contributing to its strong performance since Mason became a shareholder [5] Company Overview - Mason Resources Inc. is a Canadian corporation focused on investment opportunities, holding significant stakes in Black Swan Graphene, Nouveau Monde Graphite, Astra Exploration, and NorthX Nickel [14][15]
Scryb Announces Proposed Share Consolidation
Newsfile· 2025-07-25 11:03
Toronto, Ontario--(Newsfile Corp. - July 25, 2025) - Scryb Inc. (CSE: SCYB) ("Scryb" or the "Company") announces a proposed consolidation of the common shares of the Company (the "Common Shares") on the basis of ten (10) pre-consolidation Common Shares for every one (1) post-consolidation Common Share (the "Consolidation"). The Company currently has 323,187,472 Common Shares issued and outstanding, and following the Consolidation, will have approximately 32,318,747 Common Shares issued and outstanding, pri ...
Big Ridge Gold Corp. Closes Upsized $5.2 Million Private Placement
Newsfile· 2025-07-25 11:00
Toronto, Ontario--(Newsfile Corp. - July 25, 2025) - Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) ("Big Ridge" or the "Company") is pleased to announce that it has closed a non-brokered private placement of 42,000,000 common share units ("Units") of the Company at $0.125 per share for aggregate gross proceeds to the Company of $5,250,000 (the "Offering").Each Unit consists of one common share and one half of one common share purchase warrant (a "Warrant"). Each whole Warrant is exercisable into one com ...
Scorpio Announces Equity Issuances
Newsfile· 2025-07-25 10:30
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2025) - Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") announces it has granted the following (the "Equity Award Grants") to consultants and employees of the Company:(i) 8,600,000 stock options ("Options"), exercisable at $0.25 for five years, vesting in four equal tranches on (i) January 25, 2026, (ii) July 25, 2026, (iii) January 25, 2027 and (iv) July 25, 2027; (ii) 180,000 restricted share units ( ...
Hugo Inc. Strengthens Position as Dedicated CX Leader for Play-to-Earn and Get-Paid-To Platforms
Newsfile· 2025-07-25 09:44
Core Insights - Hugo Inc. has launched a dedicated customer experience (CX) division specifically for Play-to-Earn (P2E) and Get-Paid-To (GPT) platforms, aiming to address the unique operational challenges these platforms face [1][10]. Company Overview - Hugo Inc. is a next-generation business process outsourcing (BPO) provider that specializes in customer service solutions, leveraging global talent and innovative technology [13]. - The company has been recognized as the fastest-growing customer service BPO by Clutch for two consecutive years [13]. Industry Trends - P2E and GPT platforms signify a shift in digital engagement, transforming users from mere consumers to owners of digital assets [3][10]. - The sector is characterized by high user engagement levels, as users are rewarded for participation rather than just consuming content [10]. Specialized Services - Hugo's P2E/GPT division offers a range of services including data entry, customer service, fraud prevention, and community management, tailored to the complexities of digital asset ownership [6][7]. - The company emphasizes the need for specialized operational sophistication that traditional BPO providers may lack, particularly in handling real monetary transactions and fraud detection [7][10]. Performance Metrics - Hugo's P2E/GPT division is noted for its high standards in speed and service quality, with a focus on maintaining platform security and minimizing false positives in fraud detection [8][9]. - The division's agents are trained to understand the nuances of digital economies, ensuring a balance between user experience and platform security [8]. Market Position - Hugo Inc. is strategically positioned to support the evolving needs of the P2E and GPT sectors, recognizing that each platform requires a tailored approach [10]. - The company aims to expand its specialized offerings as the P2E and GPT sectors mature, reflecting broader trends in the digital economy [10].
GoldShore Intersects Additional Mineralization Beneath the Conceptual Open Pit at the Southwest Zone with 22m of 1.30 g/t Au
Newsfile· 2025-07-25 08:30
Core Insights - Goldshore Resources Inc. announced positive assay results from its 20,000-meter winter drill program at the Moss Gold Project, indicating potential resource expansion beneath the current proposed open pit [2][3] - The drilling targeted the Southwest Zone, with a total of 5,000 meters drilled to infill gaps in the resource model, which is currently treated as waste in the optimization process [4][9] - CEO Michael Henrichsen expressed confidence in adding significant ounces to the future resource estimate based on the successful results of the winter drill program [3] Drilling Results - Seven drill holes were completed, confirming the continuity of multiple parallel shear zones, which may enhance the existing mineral resource estimate [4][7] - Notable intercepts included: - 12.3m of 1.11 g/t Au from 556m in MMD-25-183, including 6.3m of 1.94 g/t Au [7] - 10.0m of 2.76 g/t Au from 314m in MMD-25-185, including 5.0m of 5.06 g/t Au [7] - 22.0m of 1.30 g/t Au from 533m in MMD-25-191, including 3.9m of 3.48 g/t Au [7] Resource Estimate - The updated NI 43-101 mineral resource estimate for the Moss Gold Project includes 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au [26] - The resource estimate currently encompasses only 3.6 kilometers of the 35+ kilometer mineralized trend, indicating significant potential for further exploration and development [26] Technical Overview - The drill program aimed to address data gaps between shallow and deep intercepts, which are critical for optimizing the resource model [9][19] - The results from the drill holes suggest the presence of high-grade mineralization and the potential for resource growth at the Moss Gold Project [7][19] Company Background - Goldshore is focused on acquiring and advancing primary gold assets in tier-one jurisdictions, with a significant investment of over $75 million in the Moss Gold Project [26] - The company is led by experienced professionals in the mining industry and is backed by a prominent private equity firm [26]