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Kuya Silver Announces LOI for US$5 Million Royalty Partnership with Silver Crown Royalties Inc.
Newsfile· 2025-06-19 11:00
Core Viewpoint - Kuya Silver Corporation has signed a Letter of Intent with Silver Crown Royalties Inc. to raise USD 5 million through a royalty agreement on silver production from the Bethania Silver Project, aimed at strengthening its balance sheet and accelerating production and exploration efforts [1][4]. Financial Details - The transaction involves a payment of USD 5 million, comprising USD 3 million in cash and USD 2 million in Silver Crown units, which will grant Silver Crown a 4.5% royalty on silver production until 475,000 ounces are delivered, after which the royalty will decrease to 1% for the mine's life [2][3]. Production Commitments - Kuya Silver is committed to delivering a minimum of 4,500 ounces of silver quarterly for the first year, increasing to 9,000 ounces per quarter for the next four quarters, and then 12,375 ounces quarterly until the total of 475,000 ounces is reached [3]. Strategic Implications - The funds raised will support the acceleration of production towards a Phase 1 target of 350 tonnes per day and will also facilitate exploration programs across the district-scale property, all without issuing new shares of Kuya Silver [4]. Company Overview - Kuya Silver Corporation is a Canadian-based mining company focused on silver, operating the Bethania silver mine in Peru and developing additional silver projects in mining-friendly jurisdictions such as Peru and Canada [5].
Salazar Comments on New Ecuadorian Mining Inspection Fee
Newsfile· 2025-06-19 10:45
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2025) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQX: SRLZF) (FSE: CCG.F) ("Salazar" or the "Company") comments on the new mining inspection fee being implemented by the Ecuadorian Control and Regulation Agency ("ARCOM"). The stated objective of this fee is to strengthen oversight and combat illegal mining activities. This fee is to be applied to all mining operations, except for artisanal mining, with the aim of generating funds to support enforcemen ...
Southern Cross Gold Announces Receipt of Conditional Acceptance to List on Toronto Stock Exchange
Newsfile· 2025-06-19 10:30
Core Viewpoint - Southern Cross Gold Consolidated Ltd has received conditional approval to list its common shares on the Toronto Stock Exchange, transitioning from the TSX Venture Exchange while continuing to trade on the Australian Securities Exchange under the symbol "SX2" [1][2]. Company Overview - Southern Cross Gold Consolidated Ltd controls the Sunday Creek Gold-Antimony Project, located 60 km north of Melbourne, Australia, which is recognized as a significant gold and antimony discovery with exceptional drilling results [4]. - The project has reported 66 intersections exceeding 100 g/t AuEq x m from just 84 km of drilling, with mineralization extending over a 12 km strike length and confirmed continuity from surface to 1,100 m depth [4]. Strategic Value - The dual-metal profile of Sunday Creek, with antimony contributing approximately 20% of the in-situ value alongside gold, has gained importance due to China's export restrictions on antimony, a critical metal for defense and semiconductor applications [5]. - Southern Cross is positioned as a potential key Western antimony supplier, especially following its inclusion in the US Defense Industrial Base Consortium and legislative changes related to AUKUS [5]. Technical Fundamentals - Preliminary metallurgical work indicates non-refractory mineralization suitable for conventional processing, achieving gold recoveries of 93-98% through gravity and flotation methods [6]. - The company maintains a strong cash position, owns over 1,000 hectares of strategic freehold land, and has a large 60 km drill program planned through Q3 2025, positioning it well to advance its gold-antimony discovery [6].
Happy Belly Food Groups Heal Wellness QSR Signs 40-Unit Area Development Agreement for the Province of Quebec
Newsfile· 2025-06-19 10:00
Core Viewpoint - Happy Belly Food Group Inc. has signed an area development agreement to open 40 franchised restaurants of Heal Wellness in Quebec, marking a significant expansion for both the company and the brand [1][3]. Company Expansion - Heal Wellness is rapidly establishing a national presence, now operating in its 9th province across Canada, with a total of 180 contractually committed units across Canada and the U.S. [3] - The expansion into Quebec is seen as a significant opportunity due to the lack of a clear category leader in the province, allowing Happy Belly to leverage its first mover advantage [3]. Strategic Partnerships - Happy Belly is partnering with a Quebec-based area developer team that has over 22 years of experience in launching and supporting both corporate and franchised operations, which is expected to enhance Heal's success in the province [3]. Growth Strategy - The company has 591 retail franchise locations contractually committed, covering various stages of planning, construction, and operation, indicating a steady expansion pipeline into 2025 and 2026 [4]. - Happy Belly's asset-light franchise model is central to its growth strategy, allowing for disciplined organic expansion while maximizing asset value [4]. Brand Overview - Heal Wellness focuses on providing quick, fresh wellness foods, including a diverse range of smoothie bowls and smoothies, crafted with real fruit and superfood ingredients [5].
Dryden Gold Extends the Elora Gold System to One Kilometer Strike and Discovers Multiple Stacked Gold-Bearing Structures
Newsfile· 2025-06-19 10:00
Dryden Gold Extends the Elora Gold System to One Kilometer Strike and Discovers Multiple Stacked Gold-Bearing StructuresJune 19, 2025 6:00 AM EDT | Source: Dryden Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - June 19, 2025) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) ("Dryden Gold" or the "Company") is pleased to announce new results from its initial drill campaigns at the new Pearl Target, previously the Intersection Target, ("Pearl") and the historical Laurentian Mine Target (" ...
AIX (AIX) Is Now Available for Trading on LBank Exchange
Newsfile· 2025-06-19 06:05
Core Insights - AIX has been listed on LBank Exchange, with the AIX/USDT trading pair going live on June 15, 2025, providing access to a platform that integrates artificial intelligence and decentralized data economics [1][2][3] Company Overview - AIX is a decentralized platform aimed at enhancing AI training and data productivity, built on a distributed ledger to empower creators and institutions through transparent data corroboration and tokenized incentives [3][4] - The platform addresses the challenges of centralized AI development by returning value and control to data contributors, utilizing blockchain verification and AI tooling [4][5] Market Positioning - AIX targets the growing global AI training market, which is approaching $100 billion, positioning itself as a key infrastructure for equitable growth and data monetization [6] - The platform aims to mitigate centralization risks posed by monopolistic AI platforms through community governance [5] Technical Innovations - The AIX ecosystem incorporates various technical features, including DAO governance, smart contract-based reward distribution, and an automated market maker (AMM) mechanism inspired by Uniswap V2/V3 for token exchange [7] Tokenomics - AIX has a total supply of 1,000,000,000 AIX tokens, with a distribution model that includes a community incentive pool (40%), core development team (20%), strategic investors (15%), partner ecosystem fund (10%), reserve fund (10%), and public governance fund (5%) [8][13] - The platform will implement a deflationary model, using 20% of its revenue for buybacks and burns, alongside early participation rewards for contributors and validators [14] Governance and Compliance - AIX plans to transition to community governance, ensuring decisions are driven by AIX pledges, while maintaining full audit transparency and regulatory compliance [16]
Sierra Madre Announces Annual General Meeting Results
Newsfile· 2025-06-19 02:19
Core Points - Sierra Madre Gold and Silver Ltd. held its Annual General Meeting on June 18, 2025, in Vancouver, British Columbia, where shareholders voted on several key motions [1] - A total of 75,415,346 votes were cast, representing 48.989% of the total shares outstanding eligible to vote [2] Election of Directors - The number of directors was set at five, with 99.959% of shares voting in favor [3] - Individual director nominees received the following support: - Alexander Langer: 99.871% for, 0.129% abstain - Greg Smith: 99.952% for, 0.048% abstain - Alejandro Caraveo-Vallina: 99.958% for, 0.042% abstain - Jorge Ramiro Monroy: 99.946% for, 0.054% abstain - Sean McGrath: 99.960% for, 0.040% abstain [4] Appointment of Auditors - Shareholders re-appointed Davidson & Company LLP as auditors, with 99.954% of shares voting in favor [5] Approval of Stock Option Plan - The current 10% Rolling Stock Option Plan was approved by shareholders, with 99.936% of shares voting in favor [6] Company Overview - Sierra Madre Gold and Silver Ltd. is focused on the Guitarra mine in the Temascaltepec mining district, Mexico, and the Tepic property in Nayarit, Mexico [7] - The Guitarra mine is a permitted underground mine with a processing facility that restarted commercial production in January 2025 [7] - The Tepic Project covers over 2,600 hectares and hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource [8]
Euro Manganese and Integrals Power Sign LOI and Offtake Term Sheet to Strengthen LMFP Battery Supply Chain
Newsfile· 2025-06-18 22:52
Core Viewpoint - Euro Manganese has signed a term sheet with Integrals Power Limited for the sale of high-purity manganese sulphate to enhance the battery supply chain for LMFP technology [1][5] Group 1: Partnership Details - The term sheet outlines an initial seven-year agreement for the supply of high-purity manganese sulphate from the Chvaletice Manganese Project in the Czech Republic, with options for renewal [5][6] - Deliveries will commence upon successful qualification of Euro Manganese's product by Integrals Power [5][6] Group 2: Strategic Importance - This partnership aims to secure a reliable and local supply of high-purity manganese, which is essential for Integrals Power's LMFP cathode materials used in various applications including electric vehicles and grid-scale storage [4][5] - Euro Manganese's Chvaletice Project is positioned as a unique resource within the European Union, contributing to the circular economy and low-carbon initiatives [7] Group 3: Technological Collaboration - Initial testing to assess the compatibility of Euro Manganese's high-purity manganese sulphate with Integrals Power's production process is set to begin in the third quarter of 2025 [5][6] - Successful outcomes from this testing could lead to further collaboration and integration of Euro Manganese's products into Integrals Power's supply chain [5][6]
Bri-Chem Corp. Reschedules Shareholder Meeting to September 16, 2025 and Announces Adoption of Advance Notice By-Law
Newsfile· 2025-06-18 22:08
Bri-Chem Corp. Reschedules Shareholder Meeting to September 16, 2025 and Announces Adoption of Advance Notice By-LawJune 18, 2025 6:08 PM EDT | Source: Bri-Chem Corp.Edmonton, Alberta--(Newsfile Corp. - June 18, 2025) - Bri-Chem Corp. (TSX: BRY) (OTCQB: BRYFF) ("Bri-Chem" or "Company"), a leading North American oilfield chemical distribution and blending company, announces today that it has rescheduled its annual general meeting ("Meeting"), which was originally scheduled for June 20, 2025. Th ...
Torex Gold Announces Results of Its 2025 Meeting of Shareholders
Newsfile· 2025-06-18 21:00
Toronto, Ontario--(Newsfile Corp. - June 18, 2025) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) announces the results of its 2025 annual and special meeting of shareholders (the "Meeting") held virtually today.ITEM 1. ELECTION OF DIRECTORSAt the Meeting, all director nominees listed in the Company's management information circular (the "Circular") dated May 7, 2025, were elected as directors of the Company. Detailed results of the vote by ballot are as follows:DIRECTORVOTE TYPENUMBER O ...