Core Viewpoint - Besra Gold Inc. has issued a statement addressing misleading claims made by Quantum Metal Recovery Inc., emphasizing that Quantum's actions could harm shareholder value and that Besra's independent directors are exploring legal options to counter these misrepresentations [1][2]. Group 1: Misrepresentations and Legal Actions - Quantum has allegedly made material misrepresentations regarding Besra's operations and the status of the Bau Gold Project, which is not yet a producing mine [3][4]. - The lawsuit initiated by Quantum claims that Besra's board has acted oppressively towards Quantum's interests, despite Quantum's nominees having significant representation on the board [4][6]. - Besra's independent directors are concerned about Quantum's attempts to remove them, which they believe could lead to irreversible damage to shareholder value [1][2]. Group 2: Financial Obligations and Project Delays - Quantum has failed to remit funds under the gold purchase agreement (GPA), with a payment of approximately US$9.83 million due in December 2023 not received, leading to legal action from other shareholders [9]. - The renewal of Besra's mining tenements has been delayed, impacting the development of the Bau Gold Project, although renewals were initiated in 2024 [9][10]. Group 3: Governance and Shareholder Meeting - The upcoming special meeting of shareholders is scheduled for June 24, 2025, where critical decisions regarding board composition and governance will be made [2][22]. - Besra's independent directors are urging shareholders to vote against Quantum's nominees and to support the removal of Dato' Lim Khong Soon from the board [21][27]. Group 4: Quantum's Compliance Issues - Quantum has been accused of disregarding corporate and securities laws, including failing to comply with insider reporting obligations despite owning approximately 29.88% of Besra's voting securities [14][16]. - The Securities Commission of Malaysia has previously directed Quantum to cease offering its securities to the public due to legal violations [14].

Core Viewpoint - Panoro Minerals Ltd. has announced a brokered private placement offering to raise gross proceeds of up to C$10 million through the sale of up to 20 million units at a price of C$0.50 per unit [1][2]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.70 within 36 months of the closing date [1]. - The agents have an option to purchase up to an additional 15% of the units for additional gross proceeds of up to C$1.5 million [2]. - The offering is scheduled to close on June 23, 2025, or within 45 days of the announcement date, subject to certain conditions [8][9]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for infill drilling, metallurgical testing, pre-feasibility engineering, and completing an updated preliminary economic assessment for the Cotabambas Copper-Gold-Silver project [3]. - Additional uses include working capital, mineral concession payments, and general corporate purposes [3]. Group 3: Regulatory and Compliance - The offering will be conducted as a private placement in Canada (excluding Quebec), the United States, and other agreed jurisdictions, exempt from certain registration requirements [4]. - The securities offered have not been registered under the U.S. Securities Act and cannot be sold in the U.S. without registration or applicable exemptions [5].

Core Viewpoint - Robert G. Brown, a founder and significant shareholder of SPAR Group, Inc., has responded to the company's press release, emphasizing the need for the Board to address the decline in stock price and consider his recommendations for improving shareholder value [1][3][4]. Company Response and Stock Performance - The SPAR June 11 Release did not explain the stock price drop from $2.97 on June 3, 2024, to $1.02 on May 29, 2025, nor did it outline a strategy to increase the stock price [3][4]. - Mr. Brown holds 6,469,683 shares of common stock in SPAR Group, indicating his vested interest in the company's performance [1]. Recommendations by Mr. Brown - Mr. Brown proposed five key actions for the Board's consideration: 1. A buyback of 6,000,000 shares [6]. 2. A quarterly dividend of $0.02 per share [6]. 3. A review of the Company's Amended and Restated Bylaws to ensure alignment with shareholder interests [6]. 4. An evaluation of Board compensation, suggesting that a portion be tied to share price performance [6]. 5. A review of management compensation to ensure it is aligned with delivering shareholder value [6]. Board's Response to Recommendations - The SPAR June 11 Release did not address Mr. Brown's recommendations, which he believes are crucial for the benefit of all shareholders [4][7]. - Mr. Brown criticized the company's response for focusing on personal attacks rather than addressing substantive issues [7]. Call for Transparency - Mr. Brown urged the Board to be transparent and communicate its position on his recommendations to shareholders [8].

Search Minerals Announces Corporate Update Including TSX Venture Exchange Reinstatement to Trading, Financing, Share Consolidation and AGMJune 12, 2025 2:29 PM EDT | Source: Search Minerals Inc.St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - June 12, 2025) - Search Minerals Inc. (TSXV: SMY) ("Search Minerals" or the "Company") is pleased to announce a corporate update.As previously disclosed by the Company, on April 8, 2024, a cease trade order (the "CTO") was issued by the British Col ...

Core Viewpoint - Homerun Resources Inc. has been selected for the Detailed Work-Plan phase of a strategic minerals funding initiative by BNDES and FINEP, positioning the company to access various funding instruments for mineral transformation projects [1][2]. Funding and Project Details - The initiative has a total funding of USD $815 million aimed at accelerating high-impact mineral transformation projects, with Homerun now able to access long-term credit lines, equity investments, non-reimbursable funds, and economic subsidies [2][5]. - Homerun will prepare a comprehensive Detailed Work Plan (DWP) that includes milestones, budgets, and socio-environmental commitments for the Belmonte Silica Project, which, upon approval, will facilitate negotiations for financing agreements [3][4]. Company Achievements and Market Position - Homerun's selection is notable as it was the only silica/silicon-focused company among 124 proposals submitted, highlighting its unique position in Brazil's strategic minerals sector [4]. - The company aims to enhance its solar glass production and silica processing capabilities, contributing to Brazil's energy transition initiatives [5]. Strategic Initiatives and Partnerships - The R$5 billion funding program is part of the New Industry Brazil initiative, focusing on large-scale industrial plants and pilot projects, with R$8 billion allocated for company equity investments, partly in partnership with mining leader Vale [5]. - Homerun is positioned to capitalize on high-growth global energy transition markets through its vertically integrated strategy, which includes advanced silica technologies and multiple profit centers [7][9]. Commitment to Sustainability - The company maintains a strong commitment to ESG principles, utilizing sustainable production technologies and aiming to benefit local communities [10].

Regina, Saskatchewan--(Newsfile Corp. - June 12, 2025) - Above Food Ingredients Inc. (NASDAQ: ABVE) ("the Company"), is pleased to announce it has received the official compliance determination letter from NASDAQ confirming that the Company now meets full compliance and has satisfied all of the requirements under Listing Rules 5450(b)(3)(C), 5810(c)(3)(A) and 5450(a)(1).As referenced within our press release dated June 6, the Company regained compliance with listing Rule 5450(b)(3)(C), regarding the minimu ...

San Diego, California--(Newsfile Corp. - June 12, 2025) - Thiogenesis Therapeutics, Corp. (TSXV: TTI) (OTCQX: TTIPF) ("Thiogenesis" or the "Company") a clinical-stage biotechnology company developing disulfides that drive the production of critically important intracellular antioxidants and other therapeutic compounds, announces that pursuant to the terms of the Company's Omnibus Equity Incentive Plan, on June 11, 2025, the Company's board of directors approved a total grant of 400,000 common share purchas ...

Olympia Earns 12th Agent of the Month Award from Wheaton World Wide MovingJune 12, 2025 10:00 AM EDT | Source: OlympiaBoston, Massachusetts--(Newsfile Corp. - June 12, 2025) -  Today, Wheaton World Wide Moving announced Olympia as the winner of its prestigious Agent of the Month award for May 2025. The award acknowledges Olympia's quality as a moving agent, a team player among the Wheaton | Bekins network and commitment to providing an outstanding customer experience."We're honored to receive ...

Core Viewpoint - Nine Mile Metals Ltd. has received a $40,000 grant from the New Brunswick Department of Natural Resources and Energy Development to support exploration on the California Lake East VMS Project [1][4]. Exploration Plans - The company submitted a proposal in April 2025 for specific exploration on the California Lake East VMS Project, where previous drilling in 2022 confirmed the presence of a VMS system [2]. - Planned exploration will focus on the stratigraphic horizon and EM strong late-time conductors, with ground-based geophysics to define prioritized drill targets [2][6]. - Target 6 has been identified as a high-priority new target, potentially the source of the previously successful VMS drill program at Target 8 [2][8]. Support and Community Engagement - The New Brunswick government continues to support the mining community in the Bathurst Mining Camp through the Junior Mining Assistance Program, which funds projects of high interest [4]. - The company expresses gratitude for the ongoing support from the New Brunswick Department of Natural Resources and the local mining community [8]. Company Overview - Nine Mile Metals Ltd. is focused on Critical Minerals VMS exploration in the Bathurst Mining Camp, with projects including Nine Mile Brook, California Lake, Canoe Landing Lake, and Wedge VMS Projects [9]. - The company aims to position itself for the demand in EV and green technologies, which require critical minerals such as Copper, Silver, Lead, and Zinc, while also having a hedge on Gold [9].

Canadian Gold Resources Advances Bulk Sample Program Preparation and Discovers New Vein Structure at Lac ArsenaultJune 12, 2025 9:15 AM EDT | Source: Canadian Gold Resources Ltd.Dieppe, New Brunswick--(Newsfile Corp. - June 12, 2025) - Canadian Gold Resources Inc. (TSXV: CAN) ("Canadian Gold" or the "Company") is pleased to report the completion of key site preparation activities at its 100%-owned Lac Arsenault Gold Project, located in the Gaspé region of Quebec. As part of preparations for th ...