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First Lithium Minerals Announces Flow-Through Financing
Newsfile· 2025-09-05 10:00
Core Viewpoint - First Lithium Minerals Corp. is initiating a flow-through financing to raise up to $600,000 through the issuance of flow-through shares at an issue price of $0.08 per share [1][2]. Financing Details - The company plans to issue up to 7,500,000 flow-through shares [1]. - The gross proceeds will be allocated to eligible Canadian exploration expenses related to the company's properties in Ontario [2]. - The qualifying expenditures will be renounced in favor of subscribers by December 31, 2025, totaling at least the gross proceeds raised [2]. Securities Information - All securities issued under the offering will be subject to a hold period of four months and one day from the closing date [3]. Company Overview - First Lithium Minerals is a Canadian mineral exploration and development company focused on lithium and alkali metals at its Ascotan Project in Chile, covering approximately 1,775 hectares [4]. - The company is also exploring for gold and critical metals at its Lidstone project, which consists of 17,300 hectares of mining claims in northwestern Ontario [4].
Dryden Gold Intercepts 55.34 g/t Gold over 3.50 Meters Including 379.00 g/t Gold over 0.50 Meters from the Gap Hole at Gold Rock
Newsfile· 2025-09-05 10:00
Core Viewpoint - Dryden Gold Corp. reports significant drilling results from the Gap Hole at the Gold Rock Target Area, confirming multiple gold mineralized structures and indicating potential for further exploration and development [2][5][6]. Group 1: Drilling Results - The Gap Hole (DGR-25-018) intersected a total of 9 stacked gold mineralized structures over a drill length of 540 meters [6]. - High-grade intercept of 55.34 g/t gold over 3.50 meters, including 379.00 g/t gold over 0.50 meters at the Jubilee Hanging Wall [6][8]. - Near-surface intercept of 0.93 g/t gold over 9.00 meters at Big Master [6][10]. Group 2: Geological Insights - The geology team identified three distinct geometries of high-grade mineralization: shear-parallel structures, folding-related structures, and en-echelon structures [7][9]. - The best intercept correlates with previous results, interpreted as shear-parallel mineralization, indicating potential continuity [8]. - The positioning of Gold Rock on the limb of a fold suggests further geological modeling could reveal additional high-grade mineralization [9]. Group 3: Exploration Potential - The Gap Hole successfully extended mineralization further to the southwest along the strike of Big Master, demonstrating potential for additional parallel structures [10]. - The company is targeting further exploration to the northeast from Pearl to Laurentian, where historical mine workings indicate high-grade mineralization [8][10]. - The property package includes historic gold mines with limited modern exploration, suggesting significant untapped potential [16].
C21 Investments Announces Settlement of Eco Firma Farms Litigation
Newsfile· 2025-09-05 02:59
Core Viewpoint - C21 Investments Inc. has reached a settlement agreement regarding litigation involving Proudest Monkey Holdings, resolving claims related to contract and employment disputes, and agreeing to a cash payment and share issuance to the plaintiffs [1][4][5]. Group 1: Settlement Agreement Details - The settlement includes a total cash payment of US$2,400,000, with an initial payment of US$500,000 due by September 12, 2025, followed by monthly payments of US$100,000 over 19 months [4]. - The company will also issue 555,793 common shares to certain vendors as part of the settlement [4]. - The settlement resolves all claims in the Oregon and British Columbia actions, with no admission of liability from any party involved [4][6]. Group 2: Background of the Litigation - The litigation arose from allegations made by two vendors of Proudest Monkey regarding breaches of the EFF Agreement, which was established when C21 acquired Eco Firma Farms LLC [2][3]. - The company had previously notified the vendors of alleged breaches, leading to the initiation of the British Columbia action [3]. Group 3: Financial Implications - The settlement will offset cash liabilities related to the settlement amount against the extinguishment of $1,156,259 in convertible notes and $612,500 in accounts payable related to the litigation [5].
Bri-Chem Corp. Files Management Information Circular and Urges Shareholders to Vote Only the YELLOW Proxy for Bri-Chem's Nominees
Newsfile· 2025-09-05 00:42
Core Viewpoint - Bri-Chem Corp. is urging shareholders to vote for its nominated board members using the YELLOW Proxy in an upcoming contested election against dissident nominees [1][2][6]. Group 1: Company Overview - Bri-Chem Corp. is a leading North American oilfield chemical distribution and blending company, known for its wholesale distribution and blending of oilfield drilling, completion, stimulation, and production chemical fluids [13]. - The company operates 25 strategically located warehouses throughout Canada and the United States [13]. Group 2: Shareholder Meeting Details - The annual and special meeting of shareholders is scheduled for September 16, 2025, where shareholders will vote on board nominations and the ratification of By-Law No. 2 [1][3]. - The meeting will feature a contested election, with both Bri-Chem and the dissident group nominating four individuals for the board [5]. Group 3: Nominees Comparison - Bri-Chem has nominated Don Caron, Eric Sauze, Brian Campbell, and Albert Sharp, who are described as independent and aligned with shareholder interests, collectively owning approximately 15.6% of the company [2][10][11]. - The dissident nominees, led by Barry Hugghins, are criticized for lacking relevant public company experience and having inherent conflicts of interest [6][7][9]. Group 4: Board's Position - The board expresses serious concerns regarding the qualifications of the dissident nominees, emphasizing that they do not serve the best interests of the company [6][7]. - The board is committed to maintaining financial discipline and positioning the company for future growth despite current market challenges [11].
Elemental Altus and EMX to Merge to Create New Mid-Tier Gold Focused Royalty Company Elemental Royalty Corp.
Newsfile· 2025-09-04 23:40
Core Viewpoint - Elemental Altus and EMX Royalty Corporation are merging to form a new mid-tier gold-focused royalty company named Elemental Royalty Corp, with a projected revenue of approximately US$80 million in 2026 [1][3]. Transaction Overview - The merger involves Elemental Altus acquiring all outstanding shares of EMX through a court-approved plan of arrangement [1]. - Tether Investments has agreed to purchase approximately 75 million Elemental Altus Shares for gross proceeds of US$100 million, supporting the transaction [2]. Financial Projections - The merged entity is expected to generate combined revenue of US$70 million in 2025 and US$80 million in 2026, with a commodity split of 67% precious metals and 33% base metals [6][3]. - The implied market capitalization of the merged company is estimated at US$933 million [11]. Strategic Rationale - The merger creates a peer-leading revenue-generating royalty company with a diversified portfolio of 16 producing royalties and 200 total royalties [6]. - The combined company will have a stronger asset portfolio anchored by four cornerstone royalties with world-class operators [6]. Management and Governance - The Board of Directors will consist of three representatives from Elemental Altus and two from EMX, with Juan Sartori as Executive Chairman and David Cole as CEO [19]. - The merger is supported by significant shareholder backing, with certain EMX shareholders holding approximately 23% of the outstanding shares entering into voting support agreements [18]. Future Growth Potential - The merged company aims to leverage its combined management expertise to pursue further accretive royalty opportunities in the market [10]. - The transaction is expected to enhance trading liquidity and capital markets exposure, facilitating access to new investors [10]. Shareholder Considerations - EMX shareholders will receive either 0.2822 or 2.822 Elemental Altus Shares for each EMX Share held, depending on the timing of a share consolidation [11][14]. - The transaction offers a premium of 9.8% based on closing prices and 21.5% based on the 20-day volume-weighted average price [15]. Regulatory and Approval Process - The transaction requires approval from at least 66 2/3% of EMX shareholders and is subject to various regulatory and court approvals [16][20]. - The completion of the transaction is expected in the fourth quarter of 2025, pending necessary approvals [31].
Chakana Announces Retirement of Director
Newsfile· 2025-09-04 21:48
Core Viewpoint - Chakana Copper Corp. announces the retirement of Thomas Wharton Jr. from the Board of Directors, effective immediately, after serving for eight years as a founder and director [1][2]. Company Overview - Chakana Copper Corp. is a Canadian-based minerals exploration company focused on advancing the La Joya project in the Ancash region of Peru, which is recognized as a favorable mining jurisdiction with supportive communities [2]. - The La Joya project has three well-defined target areas for exploration: precious metal mineralization at the La Joya high-sulfidation epithermal zone, mineralization related to the Mega-Gold intrusive center, and the Compañero gold zone [2]. - The company also holds a 1% net smelter royalty over the Soledad property in the active Aija-Ticapampa mining district [2].
Barksdale Resources Completes Payment for 51% Ownership of Sunnyside
Newsfile· 2025-09-04 21:00
Barksdale Resources Completes Payment for 51% Ownership of SunnysideJV With Regal Resources Moves ForwardSeptember 04, 2025 5:00 PM EDT | Source: Barksdale Resources Corp.Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") is pleased to announce that it has completed the C$1 million cash payment and released 5 million shares of Barksdale stock, both to Regal Resources (now Great Basin ...
Banxa Holdings Provides Update on Previously Announced Plan of Arrangement with OSL Group
Newsfile· 2025-09-04 20:44
Core Viewpoint - Banxa Holdings Inc. is progressing towards completing its plan of arrangement with OSL Group, contingent on obtaining necessary regulatory approvals [1][2]. Regulatory Approvals - Banxa has received change of control approval for money-transmitter licenses in 17 out of 37 designated U.S. states [2]. - The company has obtained a declaration of no objection from the Netherlands De Nederlandsche Bank, marking a significant milestone towards acquiring a license under the Markets in Crypto-Assets Regulation [2]. - Notifications have been submitted to the Financial Conduct Authority in the United Kingdom as part of the regulatory approval process [2]. Court Proceedings - The hearing for the final order to approve the arrangement was adjourned by the Supreme Court of British Columbia to allow more time for the parties to secure the remaining required regulatory approvals [3]. Conditions Precedent - The completion of the arrangement is subject to the satisfaction or waiver of conditions outlined in the arrangement agreement dated June 27, 2025 [4].
Atrium Mortgage Investment Corporation Announces September 2025 Dividend
Newsfile· 2025-09-04 20:30
Group 1 - Atrium Mortgage Investment Corporation has declared a monthly dividend of $0.0775 per common share for September 2025, payable on October 10, 2025, to shareholders of record on September 30, 2025 [1] - The company currently pays monthly dividends at an annual rate of $0.93 per share, with a potential special dividend at year-end if declared dividends are less than taxable income for that fiscal year [2] - Atrium offers a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest dividends in new shares at a 2% discount to market price, promoting investment growth over time [3] Group 2 - Atrium is a non-bank lender specializing in residential and commercial mortgages in major urban centers in Canada, focusing on stable and liquid real estate markets [4] - As a Mortgage Investment Corporation (MIC) under the Canada Income Tax Act, Atrium is not subject to corporate income tax if taxable income is distributed as dividends within 90 days after December 31 each year [5]
Stonegate Capital Partners Updates Coverage on Aquafil Group (ECNL) Q2 2025
Newsfile· 2025-09-04 20:29
Core Insights - Aquafil Group (MI: ECNL) demonstrated strong profitability in Q2 2025 despite modest revenue declines, achieving an EBITDA margin of 15.5%, up from 12.3% in Q2 2024 [1][7] - The company's ECONYL® products were crucial, accounting for 60.7% of fiber revenues in Q2 2025, aligning with its long-term sustainability strategy [1][7] - The U.S. BCF segment experienced double-digit growth, while EMEA remained stable and APAC showed softness [1] - A significant cost-optimization project was launched in U.S. carpet recycling operations, with expected initial savings in H2 2025 and more substantial benefits in 2026 and beyond [1] Financial Performance - EBITDA rose by 22.7% to $21.3 million compared to $17.3 million in Q2 2024 [7] - The net profit was $1.8 million, reversing a loss of $3.0 million in Q2 2024 [7]