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Crombie REIT Announces November 2025 Monthly Distribution
Newsfile· 2025-11-17 12:30
New Glasgow, Nova Scotia--(Newsfile Corp. - November 17, 2025) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced a distribution of $0.07500 per Unit for the period from November 1, 2025, to and including November 30, 2025. The distribution will be payable on December 15, 2025, to Unitholders of record as at November 30, 2025.About Crombie REITCrombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive ...
Scottie Announces $23.5 Million Non-Brokered Financing
Newsfile· 2025-11-17 12:30
Core Viewpoint - Scottie Resources Corp. is initiating a non-brokered private placement offering of up to 10,981,308 charitable flow-through shares at a price of $2.14 per share, aiming to raise gross proceeds of up to $23,500,000 to fund exploration activities at the Scottie Gold Mine Project in British Columbia [1][2]. Group 1: Offering Details - The offering consists of charitable flow-through shares that will be used to incur eligible Canadian exploration expenses related to the Scottie Gold Mine Project [2]. - The funds raised will support diamond drilling and field work during the 2026 field season [2]. - The offering is subject to regulatory approval, including that of the TSX Venture Exchange [5]. Group 2: Company Background - Scottie Resources Corp. owns a 100% interest in the Scottie Gold Mine Property, which includes the Blueberry Contact Zone and the past-producing Scottie Gold Mine [7]. - The company also holds interests in the Georgia Project and other properties, totaling approximately 58,500 hectares in the Stewart Mining Camp within the Golden Triangle of British Columbia [7][8]. - The focus of the company is on expanding known mineralization around past-producing mines and advancing high-grade gold targets to produce a high-margin DSO product [8].
First Phosphate Closes Oversubscribed Private Placement to Existing and Follow-on Investors
Newsfile· 2025-11-17 12:11
Core Viewpoint - First Phosphate Corp. successfully closed an oversubscribed private placement, raising a total of $2.18 million from existing and follow-on investors, indicating strong investor interest and confidence in the company's strategic direction [1][2]. Financing Details - The company issued 2,244,722 Flow-Through Shares at a price of $0.90 per share, generating gross proceeds of $2,020,250, and 177,666 Hard Dollar Units at the same price, yielding gross proceeds of $159,899 [2]. - Since June 2022, First Phosphate has raised approximately $42.2 million through 10 management-led non-brokered private-placement financings [3]. Compensation and Warrants - In connection with the Offering, the company issued 178,698 compensation common shares and 178,698 Compensation Warrants, which are exercisable at $1.25 per common share until April 30, 2026, with an Accelerated Expiry Date clause [3][4]. - The Compensation Warrants can be accelerated if the volume-weighted average trading price of the common shares exceeds $2.00 for five consecutive trading days [4]. Company Overview - First Phosphate is focused on developing a vertically integrated lithium iron phosphate (LFP) battery supply chain for North America, targeting markets such as energy storage, data centers, robotics, mobility, and national security [5]. - The company's flagship property, Bégin-Lamarche, is located in Saguenay-Lac-Saint-Jean, Quebec, and is noted for its high-purity phosphate resource [7].
Canter Resources Highlights Boron's Addition to U.S. Critical Minerals List-Unlocking Strategic Advantages for the Columbus Lithium-Boron Project in Nevada
Newsfile· 2025-11-17 12:00
Core Viewpoint - Canter Resources Corp. announces the addition of boron to the U.S. Geological Survey's 2025 List of Critical Minerals, enhancing the strategic importance of its Columbus Lithium-Boron Project in Nevada [1][2]. Group 1: Strategic Importance of Boron - Boron is now classified as a critical mineral, expected to accelerate domestic investment in boron projects across the U.S., similar to the nearly $1 billion funding for Ioneer's Rhyolite Ridge Lithium-Boron Project [2]. - The U.S. government's recognition of boron as critical underscores its essential role in various sectors, including technology, energy, and advanced manufacturing [1][3]. Group 2: Columbus Lithium-Boron Project Highlights - The Columbus Basin features a broad lithium-boron mineralized system, extending approximately 8 km by 6.5 km, with significant boron enrichment observed in both sediment and brine samples [6]. - Field programs have reported boron values up to 30,000 ppm in solid sediment samples and up to 1,730 mg/L in shallow brine samples, indicating strong mineralization [6]. - Geochemical mapping shows a clear trend of increasing boron concentrations toward the northern structural corridor, aligning with the company's highest-priority exploration targets [6]. Group 3: Future Exploration and Development - The structural and hydrological characteristics of the Columbus Basin suggest potential for higher-grade lithium at depth, with evidence of structural traps indicating a maturing lithium-boron brine basin [7]. - The strategic importance of the Columbus Project is enhanced by its eligibility for federal funding and streamlined permitting processes due to the new critical mineral status of boron [6].
Santacruz Silver Announces Appointment of Mr. Bruce Wolfson to Board of Directors
Newsfile· 2025-11-17 12:00
Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (OTCQX: SCZMF) (FSE: 1SZ) ("Santacruz" or the "Company") is pleased to announce the appointment of Bruce Wolfson to the Company's board of directors effective November 17, 2025.Mr. Wolfson brings over 40 years of experience in international finance, law, and investment management, with a distinguished career spanning emerging markets across Latin America and Asia. Throughout his career, Mr. Wolfson ...
Manitoba Mineral Development Fund Grants Canadian Gold Corp. $300,000 to Expand Exploration Program
Newsfile· 2025-11-17 12:00
Core Insights - Canadian Gold Corp. has received an additional grant of $300,000 from the Manitoba Mineral Development Fund (MMDF), bringing the total funding from MMDF to $900,000 since 2023, which has significantly aided the advancement of the Tartan Mine project [1][2] - The company has invested approximately $12.7 million into the Tartan Mine project since 2012, and is currently in the process of being acquired by McEwen Inc., which plans to further advance the mine towards a production decision [1][2] - The Tartan Mine currently has an indicated mineral resource estimate of 240,000 ounces of gold and an inferred estimate of 37,000 ounces of gold [7] Funding and Investment - The funding from MMDF has enabled Canadian Gold to increase the vertical extent of the Tartan Mine resource through 33,668 meters of core drilling and to option adjoining properties, consolidating the Tartan Shear Zone [2] - The company is also conducting project-wide prospecting to develop new exploration targets and is in the process of hiring additional employees from Flin Flon to support the project [2] - Following the acquisition by McEwen Inc., the Tartan Mine is expected to see further investment in 2026, including 15,000-20,000 meters of drilling and an updated resource estimate in Q1 [2] Industry Context - The support from MMDF and the Manitoba Mineral Exploration Tax Credit (MMETC) positions Manitoba as a strong destination for mineral exploration, providing unique tax incentives for investments in eligible projects like the Tartan Mine [3] - Canadian Gold Corp. holds a 100% interest in greenfields exploration properties in Ontario and Quebec, adjacent to major gold mines and development projects [7]
Elemental Royalty Executes Four Option Agreements to Sell Projects in Arizona to Ivanhoe Electric
Newsfile· 2025-11-17 12:00
Core Insights - Elemental Royalty Corporation has executed four option agreements with Ivanhoe Electric for projects in Arizona, focusing on porphyry copper mineralization [1][2][4] - The agreements will provide Elemental with execution payments, option payments, and work commitments, along with a 2.5% net smelter return royalty upon earn-in [2][5] Project Details - The projects are located in the Laramide porphyry copper belt, known for its mineral wealth, and include Dragon's Tail, Copper King, Sleeping Beauty-Jasper Canyon, and Lomitas Negras [2][4] - Dragon's Tail is near the Resolution copper deposit and targets concealed porphyry copper and skarn mineralization [6][8] - Copper King, adjacent to Dragon's Tail, also targets porphyry copper and related skarn mineralization, with previous drilling indicating high-temperature alteration [9] - Sleeping Beauty-Jasper Canyon targets mineralization from the Pinto Valley-Copper Cities porphyry system, with potential for higher grades due to geological displacement [10] - Lomitas Negras shares geological features with the San Manuel-Kalamazoo porphyry copper deposit and may relate to an undiscovered porphyry copper system [11] Financial Terms - Ivanhoe Electric can earn a 100% interest in the projects over an eight-year period by making total payments of US$240,000 in execution payments, up to US$2,325,000 in option payments, and cumulative exploration expenditures of up to US$10,800,000 [4][5] - Upon option exercise, Elemental retains a 2.5% NSR royalty, with a buyback option for 0.5% of the royalty at US$4,000,000 per project [5] Strategic Implications - The agreements exemplify Elemental's royalty generation business model, providing exploration projects to partners in exchange for royalty interests and cash flow [12] - The CEO of Elemental expressed confidence in the partnership with Ivanhoe Electric, highlighting the potential for exploration-driven growth in the Laramide belt [6]
Herbal Dispatch Announces Record-Breaking Month of $4.1M in Sales for October 2025
Newsfile· 2025-11-17 12:00
Core Insights - Herbal Dispatch Inc. reported record sales of approximately $4.1 million in October 2025, a 273% increase from the average monthly sales of $1.1 million in Q3 2025, driven by strong demand in the recreational cannabis segment [2][3] - The company updated its Q4 2025 sales forecast to between $6.4 million and $7.0 million, representing a potential increase of up to 112% compared to Q3 2025's $3.3 million [3] - The growth is attributed to domestic expansion, strengthening international partnerships, and new product launches on its e-commerce platform [3][4] Sales Performance - October 2025 sales reached $4.1 million, marking the highest monthly sales in the company's history [2] - This performance was significantly influenced by a strike that halted wholesale shipments from British Columbia's primary distribution hubs, leading retailers to seek independent wholesalers [2] Future Outlook - The company anticipates gross sales for Q4 2025 to be between $6.4 million and $7.0 million, supported by ongoing expansion and operational efficiencies [3] - Herbal Dispatch is well-capitalized for sustained growth into 2026 and aims to maintain gross margins consistent with recent quarters [3] Company Profile - Herbal Dispatch operates leading cannabis e-commerce platforms and focuses on providing high-quality cannabis products at affordable prices [5] - The flagship marketplace, herbaldispatch.com, offers exclusive access to small-batch craft cannabis and a variety of product formats [5]
Theralase(R) Investor Conference Call Reminder
Newsfile· 2025-11-17 12:00
Core Viewpoint - Theralase Technologies Inc. is hosting a conference call on November 19, 2025, to update investors on the interim data from its Phase II clinical study for BCG-Unresponsive Non-Muscle Invasive Bladder Cancer, along with financial and operational results for Q3 2025 [1][3]. Study II Update - As of November 7, 2025, Theralase is on track to complete enrollment in Q4 2025, with data lock and regulatory submissions expected in Q1 2027 [3]. - 88 patients have been treated, representing 97.8% of the targeted enrollment of 90 patients [6]. - 64.3% (54 out of 84) of patients achieved a Complete Response (CR) at any point, while 72.6% (61 out of 84) achieved a Total Response (TR) [6]. - At the 450-day assessment, 40% (18 out of 45) maintained a CR, and 42.2% (19 out of 45) maintained a TR, indicating durability of response [6]. Financial Update - Revenue decreased by 5% to $590,573 from $622,984, while the cost of sales decreased by 10% to $299,743, representing 51% of revenue [14]. - Gross margin remained stable at $290,830, which is 49% of revenue [14]. - Selling expenses decreased by 18% to $212,421, while administrative expenses increased by 12% to $1,444,687 [14]. - Research and development expenses increased by 1% to $2,116,540, reflecting increased activity for Study II [14]. - The net loss increased by 3% to $3,435,145, including $708,521 in non-cash expenses [14]. - The company raised $672,627 via a non-brokered private placement and has $280,000 in outstanding short-term loans at 15% interest as of November 7, 2025 [14].
Scryb Highlights New U.S. Institutional Fund Investment in Cybeats; Strengthens Long-Term Outlook
Newsfile· 2025-11-17 12:00
Core Insights - Scryb Inc. has highlighted a $1.44 million investment by the U.S.-based IFCM MicroCap Fund LP into Cybeats Technologies Corp, marking a significant expansion of Cybeats' institutional shareholder base [1] - Scryb remains the largest institutional shareholder of Cybeats, holding approximately 37% of the outstanding shares, valued at around $12 million based on recent market prices [1] - The investment from IFCM indicates growing recognition of Cybeats among sophisticated investors and enhances confidence in its long-term value creation potential [1][2] Company Positioning - Scryb's President noted that with IFCM joining the shareholder base, Cybeats has expanded its institutional presence in both Canada and the U.S., anticipating continued institutional interest as Cybeats moves towards profitability [2] - The CEO of Scryb emphasized the importance of IFCM's participation, highlighting Cybeats' leadership in software supply chain security and the company's commitment to supporting Cybeats' long-term growth strategy [2] - Scryb is focused on strengthening its position as a long-term shareholder and believes the market for software supply chain intelligence and SBOM management solutions is entering a phase of accelerated adoption [2]