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Royal Road Minerals Reports Positive Rock-chip Channel Results from Ash Shajjah, Saudi Arabia: Follow-up Drilling Planned
Newsfile· 2025-11-17 12:00
Toronto, Ontario--(Newsfile Corp. - November 17, 2025) - Royal Road Minerals Limited (TSXV: RYR) (OTCQB: RRDMF) ("Royal Road" or the "Company") is pleased to announce encouraging continuous rock-chip channel sampling results from the Ash Shajjah prospect, part of its Jabal Sahabiyah gold exploration project in the Kingdom of Saudi Arabia.Royal Road's exploration activities in Saudi Arabia are conducted through its local subsidiary, Royal Road Arabia Limited ("RRA"), a 50:50 joint venture with MIDU Company ...
AuMEGA Metals Commences Diamond Drilling on Major Electromagnetic Target at Cape Ray
Newsfile· 2025-11-17 11:30
Core Viewpoint - AuMEGA Metals Ltd has initiated a diamond drilling program at its Cape Ray Project in Newfoundland and Labrador, marking a significant advancement in its exploration efforts aimed at discovering new gold resources [2][8]. Exploration Strategy - The company employs a systematic exploration strategy that has identified compelling targets within the Cape Ray Shear Zone (CRSZ), focusing on a newly defined airborne electromagnetic (EM) conductor near the high-grade Central Zone deposits [3][4]. - The EM conductor measures approximately 500 metres by 1,000 metres and is located 500 metres southeast of the Central Zone, which has not been previously drill tested [4][9]. Drilling Program Details - The drill program is fully funded and will commence with one diamond rig, with the potential to scale up to a second rig based on initial results [10]. - The initial drilling will target priority structures within the EM anomaly, which is believed to represent a new gold-bearing trend parallel to the Central Zone [9][10]. Historical Context and Potential - The area has been historically overlooked due to lack of surface exposure but is situated on a structural network similar to that of the Central Zone, which previously yielded a standout gold heavy mineral concentrate sample of 111.5 g/t [7][8]. - The company has identified several drill targets within the EM anomaly and is optimistic about the potential for new discoveries in this underexplored area [8][9]. Additional Exploration Efforts - AuMEGA has recently completed a till geochemical survey over the Isle aux Morts Granite, another high-priority target within the identified multi-kilometre gold corridor, with results expected soon [12][13]. - The company plans to refine drill locations for Cape Ray West based on the upcoming survey results and is prepared to mobilize for additional drilling if conditions allow [13]. Company Overview - AuMEGA Metals Ltd operates on a district-scale land package spanning 110 kilometers along the Cape Ray Shear Zone, recognized as Newfoundland's largest identified gold structure [15]. - The company currently holds a defined gold Mineral Resource of 6.2 million tonnes grading an average of 2.25 g/t, totaling 450,000 ounces of Indicated Resources, and 3.4 million tonnes grading an average of 1.44 g/t, totaling 160,000 ounces in Inferred Resources [17].
Queen's Road Capital Announces US$115 Million After-Tax Earnings for Fiscal Year 2025
Newsfile· 2025-11-17 11:30
Hong Kong, Hong Kong--(Newsfile Corp. - November 17, 2025) - Queen's Road Capital Investment Ltd. (TSX: QRC) (the "Company" or "QRC") is pleased to announce it has recorded after-tax earnings of US$115 million or C$3.25 per share for the fiscal year ended August 31, 2025, representing a Price-to-Earnings ratio of 2.4x at August 31, 2025.QRC ended the year with a US$213 million portfolio of convertible debentures as well as US$130+ million of highly liquid equity investments. Today, the convertible debentur ...
RETRANSMISSION: HIVE Digital Technologies Subsidiary, BUZZ High Performance Computing, Accelerates Canada's AI Industrial Revolution with Dell Technologies for its AI Cloud Expansion
Newsfile· 2025-11-17 11:05
Core Viewpoint - HIVE Digital Technologies, through its subsidiary BUZZ High Performance Computing, is advancing Canada's AI infrastructure by partnering with Dell Technologies to expand its AI Cloud capabilities, which is expected to significantly enhance its operational capacity and revenue potential [1][4]. Group 1: Partnership and Infrastructure Development - BUZZ will deploy a 63 node cluster of liquid-cooled Dell PowerEdge XE9680L servers equipped with 504 latest generation GPUs optimized for AI computing, delivered through Dell Integrated Rack Scalable Systems [2]. - The deployment will take place at the Bell AI Fabric data center, building on BUZZ's existing partnership with Bell to expand its sovereign AI Cloud [2]. - BUZZ has proprietary high-efficiency liquid-cooled data center designs in Canada and Sweden, with plans to support an additional 2,000 GPUs at each site, targeting a total of over 6,000 GPUs for its AI Cloud by the end of 2026 [4][5]. Group 2: Financial Projections and Market Position - The expansion is projected to generate an additional $120 million in annual run-rate revenue (ARR) with an operating margin of 80% after costs, in addition to the current $20 million ARR [4]. - With over 5,000 GPUs already operational, the total for BUZZ AI Cloud is expected to exceed 11,000 GPUs by the end of 2026 [5]. - The HIVE 70 megawatt operation Tier I data center in Grand Falls, New Brunswick, has the potential to support over 25,000 latest generation GPUs, enhancing Canada's position in the global AI race [6]. Group 3: Company Background - HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets using exclusively green energy, operating next-generation blockchain and AI data centers across Canada, Sweden, and Paraguay [9]. - BUZZ specializes in AI Cloud and high-performance computing (HPC) data center services, contributing to Canada's ambitions in the global AI economy [10].
OS Therapies Reports Third Quarter 2025 Financial Results and Provides Business Update
Newsfile· 2025-11-17 11:00
Core Viewpoint - OS Therapies reported its third quarter 2025 financial results and highlighted significant upcoming regulatory milestones for its lead product, OST-HER2, which is aimed at treating osteosarcoma and other HER2-related cancers [3][4]. Financial Results - The company recorded a net operating loss of $6.879 million in Q3 2025, compared to a net operating loss of $2.875 million in Q3 2024, primarily due to pre-commercial activities related to the OST-HER2 program [6]. - Net loss per share was $0.21 on 31.956 million outstanding shares in Q3 2025, compared to a net loss of $0.18 per share on 15.897 million shares in Q3 2024 [6]. Regulatory Updates - A Type C meeting with the US FDA is scheduled for December 11, 2025, to discuss key items following the End of Phase 2 meeting regarding the OST-HER2 clinical trial [5][8]. - The company expects to file a Biologics Licensing Application (BLA) for OST-HER2 in January 2026, leveraging feedback from upcoming regulatory meetings [4][5]. - The UK MHRA pre-Marketing Authorization Application (MAA) meeting is set for December 8, 2025, in preparation for the January 2026 MAA filing [5][8]. Clinical Development - OST-HER2 has shown promising results in its Phase 2b trial, with a reported 2-year overall survival rate of 75% compared to a historical control of 40% (p < 0.0001) [8]. - The company anticipates that accelerated approval for OST-HER2 could catalyze further clinical development in osteosarcoma and other HER2-related cancers [4][6]. - The company is also advancing its next-generation Antibody Drug Conjugate (ADC) platform, which features tunable antibody-linker-payload candidates [10]. Future Outlook - The company expects to receive a Priority Review Voucher (PRV) if OST-HER2 is approved by September 30, 2026, which could be sold for additional revenue [5][9]. - Increased compassionate use requests have been noted, primarily from clinical sites involved in the Phase 2b trial, indicating growing interest and potential market demand for OST-HER2 [4].
Focus Graphite Commissions WSP to Complete Air Dispersion Modelling and Dust Management Plan at Lac Knife
Newsfile· 2025-11-17 10:00
Core Viewpoint - Focus Graphite Inc. has commissioned an updated Air Dispersion Modelling and Dust Management Study for its Lac Knife Project, which is a crucial step in completing the Environmental and Social Impact Assessment (ESIA) and moving towards mine-permitting readiness [1][4]. Group 1: Project Overview - The Lac Knife Project is a 100%-wholly owned high-grade graphite project located in Quebec, Canada [1]. - The updated study will replace the earlier 2014 study and reflects a redesigned dry-stack tailings system aimed at preventing acid mine drainage and metal leaching [3][4]. - The study is expected to be completed by February 2026, coinciding with the submission of the final revised ESIA [4]. Group 2: Study Details - The study will be led by WSP Canada Inc., a global engineering and environmental consultancy, under the supervision of IOS Geosciences Inc., the geological consultant for the project [2]. - The updated modelling will assess airborne dispersion of dust and gases from mining operations, including wind-driven erosion from the tailings storage facility and emissions from blasting activities [3][6]. Group 3: Environmental Commitment - The completion of the air dispersion modelling and dust management plan is a significant technical step in the environmental review process, reflecting the company's commitment to advancing the project responsibly [5]. - The redesigned tailings storage facility is a key component in addressing environmental concerns raised by Quebec's Ministry of Sustainable Development during the review of the 2014 ESIA submission [4].
NatBridge Resources Initiates Tokenization Approval Process for Cahuilla Gold Project with NatGold Digital
Newsfile· 2025-11-17 08:05
Core Insights - NatBridge Resources Ltd. has initiated the tokenization approval process for the Cahuilla Gold Project in collaboration with NatGold Digital, aiming to convert mineral resources into digital assets [1][3][4] - The agreement allows NatBridge to receive 73% of gross token sales proceeds, with token issuance expected to begin in Q1 2026 [3][4] - The Cahuilla Gold Project contains approximately 122,211 ounces of indicated gold resources and 6,650 ounces of inferred gold resources [4][5] Group 1: Tokenization Agreement - NatBridge has signed a Resource Certification & Tokenization Agreement with NatGold Digital, which includes a 15% market liquidity fee on gross token sales [3] - The tokenization process will utilize NatGold Digital's patent-pending ratios, potentially resulting in approximately 50,214 NatGold Tokens from the indicated and inferred resources [7] - This agreement is the first project presented to NatGold Digital for tokenization, marking a significant milestone for NatBridge [4][8] Group 2: Project Details - The Cahuilla Gold Project consists of Land Parcels 45 and 46, with a total of 12,290,139 tonnes of resources at a cutoff grade of 0.005 oz/ton [4][5] - The project is part of a broader strategy by NatBridge to transform gold resources into tradable digital assets, enhancing liquidity and shareholder value [4][10] - NatBridge is also negotiating for additional mineral rights in Phase 2, which includes approximately 50,702,466 tonnes containing 596,535 ounces of indicated gold [9] Group 3: Strategic Partnerships - The collaboration with NatGold Digital is seen as a crucial step in advancing digital mining frameworks and establishing a model for future partnerships in the gold resource sector [8][15] - NatBridge has previously acquired mineral rights to the same parcels from Teras Resources Ltd., with final payments contingent on successful token issuance [8][9] - The agreement with NatGold Digital grants NatBridge exclusive rights to supply mineral rights for the creation of the first 2.5 million NatGold Tokens [10] Group 4: Company Overview - NatBridge Resources Ltd. is focused on the gold resource supply side of NatGold Digital's tokenization ecosystem, aiming to redefine how gold's value is captured through blockchain technology [13] - The company is positioned at the intersection of gold investment, sustainable investing, and the tokenization of real-world assets, reflecting a commitment to eco-friendly practices [13]
Inspiration Energy Obtains Drill Permit for Rottenstone North Copper-Gold Project - Drilling Planned for Early 2026
Newsfile· 2025-11-17 08:01
Core Viewpoint - Inspiration Energy Corp. has received a drill permit for the Rottenstone North Gold Project, with drilling planned for early 2026, positioning the company as a significant player in a promising new volcanogenic massive sulfide (VMS) and gold exploration district in Canada [1][4]. Group 1: Project Details - The Rottenstone North Project covers an area of 4,512 hectares, and the acquisition of the Rottenstone West Project, which spans 31,011 hectares, brings the total area of this emerging VMS-gold district to over 35,500 hectares (86,487 acres) [2]. - The projects are strategically located near Ramp Metals Inc.'s discoveries at Rush and Ranger, enhancing their exploration potential [3]. Group 2: Company Positioning - With over 85,000 acres under its control, Inspiration is one of the largest landholders in the VMS district, leveraging advanced satellite data to identify multiple gold-copper targets [4]. - The company has a tight capital structure with just over 30 million shares outstanding, providing strong upside leverage to exploration success [4]. Group 3: Exploration Plans - An Advanced Atomic Mineral Resonance Tomography (AMRT) satellite survey has identified numerous high-priority gold and copper targets at the Rottenstone North Project, which are aligned with Ramp's nearby discoveries [8]. - The planned drilling program will test several of these identified targets in early 2026 [8]. Group 4: Historical Context - Historical work on the Rottenstone West Project has identified multiple massive sulfide occurrences dating back to the 1950s, which remain untested by modern exploration methods, presenting new discovery opportunities [5]. - The region is recognized as a top-tier mining jurisdiction by the Fraser Institute, further enhancing its attractiveness for exploration [5].
Onyx Gold Expands Argus North Discovery Footprint - 208 m of 2.3 g/t Au, Including 25 m of 5.2 g/t Au
Newsfile· 2025-11-17 07:36
Core Insights - Onyx Gold Corp. has reported significant drill results from the Argus North Zone, confirming the broadest continuous interval of gold mineralization to date, with 208 meters grading 2.3 g/t Au, including high-grade intervals [4][6][7] Company Overview - Onyx Gold Corp. is a Canadian exploration company focused on gold opportunities in Timmins, Ontario, and Yukon Territory, with a strong portfolio anchored by the Munro-Croesus Property [20][21] - The Munro-Croesus Project covers 109 km² of highly prospective geology and includes the historic Croesus Gold Mine, known for high-grade gold production [18][19] Drill Results - The latest drill hole, MC25-232, confirmed a newly defined northeast-trending structural corridor, extending the southern footprint of the Argus North Zone by 50 meters [4][7] - The drill results include multiple high-grade intercepts, such as 54.4 meters grading 3.3 g/t Au and 24.9 meters grading 5.2 g/t Au, indicating robust gold continuity [6][9] Geological Insights - Gold mineralization at Argus North is characterized by broad zones of +1 g/t Au mineralization with multiple higher-grade sub-intervals, associated with strong albitization, silicification, and structural controls [10][11] - The mineralized system has been traced from surface to over 350 meters depth, remaining open along strike and down-dip [10][15] Future Plans - The company is undertaking a fully funded 50,000-meter drill program to further explore the Argus North Zone and the broader structural corridor across the Munro-Croesus Project [7][12]
HIVE Digital Technologies Subsidiary, BUZZ High Performance Computing, Accelerates Canada's AI Industrial Revolution with Dell Technologies for its AI Cloud Expansion
Newsfile· 2025-11-17 06:05
Core Insights - HIVE Digital Technologies, through its subsidiary BUZZ High Performance Computing, has partnered with Dell Technologies to enhance its AI infrastructure in Canada, marking a significant step in the country's AI industrial revolution [1][2] Group 1: Partnership and Infrastructure Development - BUZZ will deploy a 63 node cluster of liquid-cooled Dell PowerEdge XE9680L servers, utilizing 504 latest generation GPUs optimized for AI computing [2] - The deployment will occur at the Bell AI Fabric data center, building on an existing partnership with Bell to expand its sovereign AI Cloud [2] - BUZZ has achieved Bronze status in the Semi-Analysis ClusterMax™ rankings, indicating its technical leadership in the AI cloud sector [3] Group 2: Future Expansion Plans - BUZZ is planning to support an additional 2,000 latest generation GPUs at its facilities in Canada and Sweden, targeting a total of over 6,000 GPUs for its AI Cloud by the end of 2026 [4] - This expansion is projected to generate an additional $120 million in annual run-rate revenue (ARR) with an operating margin of 80% after costs, in addition to the current $20 million ARR [4] - With over 5,000 GPUs already operational, the total for BUZZ AI Cloud is expected to exceed 11,000 GPUs by the end of 2026 [5] Group 3: Data Center Capacity and Contributions - The HIVE 70 megawatt operation Tier I data center in Grand Falls, New Brunswick, has the potential to support over 25,000 latest generation GPUs, enhancing Canada's position in the global AI race [6]