Core Viewpoint - Transition Metals Corp. and 1930153 ON Ltd. have sold their 50% interests in the Fostung Tungsten Property to UAMY Cobalt Corporation for US$5,000,000 in cash and a 0.5% Net Smelter Return royalty, highlighting the strategic importance of tungsten and the value of their mineral exploration portfolio [1][2][3]. Transaction Summary - UAMY acquired a 100% interest in the Fostung Property for US$5,000,000 (approximately C$7.0 million) and a 0.5% NSR royalty [2]. - The proceeds from the sale will be split equally between Transition and 1930153 ON, with each receiving US$2,500,000 and a 0.25% NSR [2]. - The transaction is classified as an arm's length transaction, with no finders' fees involved [2]. Company Insights - Transition Metals Corp. has a diverse portfolio of 18 projects, which includes mineral exploration projects, royalties, and marketable securities, allowing for non-dilutive cash generation [3]. - 1930153 ON Ltd. focuses on advancing mineral projects in Ontario using modern extraction and processing technologies [11]. Property Details - The Fostung Property consists of 50 mining claims covering approximately 1,114 hectares, located in Foster Township, Ontario, about 8 kilometers southeast of Espanola [4]. - The property has a historic inferred mineral resource estimated at 12.4 million tonnes grading 0.213% WO₃, based on data from 44 diamond drill holes totaling 9,185 meters [5]. Industry Context - China controls over 80% of the world's tungsten production, making the Fostung deposit significant for North America as a critical mineral resource [3]. - UAMY is positioned as a leader in the mining and processing of critical minerals, which is essential for sustainable development in the industry [3].

Vancouver, British Columbia--(Newsfile Corp. - June 27, 2025) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) ("Pacific Ridge" or the "Company") is pleased to announce that shareholders approved all motions put forth at the Company's Annual General Meeting ("AGM"), held on June 26, 2025, including the re-appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditor of the Company, and the rolling incentive stock option plan. In addition, shareholders elected Gerald Ca ...

Toronto, Ontario--(Newsfile Corp. - June 27, 2025) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") reports that reprocessing Mobile MagnetoTellurics (MobileMT) data from the Company's Awacha porphyry copper target in Ecuador using the latest 2D inversion technology has revealed six highly conductive anomalies.In 2021, Aurania contracted Expert Geophysics Surveys Inc. to conduct a MobileMT airborne survey over the Awacha porphyry copper target area. At that time, ...

Vancouver, British Columbia--(Newsfile Corp. - June 27, 2025) -  Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) ("Cruz" or the "Company") wishes to announce that all the matters contemplated at the AGM, held on June 25, 2025, have been approved by the shareholders. James Nelson, President of Cruz stated, "Although the Company has been relatively inactive over the past year, we want to make sure our shareholders know that we expect the second half of 2025 to be more active, and strate ...

Calgary, Alberta--(Newsfile Corp. - June 26, 2025) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") announces that, pursuant to its stock option plan, the Company has granted 8,000,000 incentive stock options at an exercise price of $0.05 per share and an expiry date of three years from the date of issue to certain directors, officers and employees of the Company. About Canadian Critical Minerals Inc.CCMI is a mining company primarily focused on copper production asse ...

Phoenix, Arizona--(Newsfile Corp. - June 26, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0) ("Gunnison" or the "Company") reports that the nominees listed in the management information circular for the 2025 Annual General Meeting of shareholders were elected as directors of Gunnison. Detailed results of the vote for the election of directors held at the Annual General Meeting on June 26, 2025 in Vancouver, B.C., are set out below:Votes for% Votes forVotes withheld% Votes withheldStephe ...

Nexa Provides Update on Cajamarquilla OperationJune 26, 2025 4:19 PM EDT | Source: Nexa ResourcesLuxembourg, Luxembourg--(Newsfile Corp. - June 26, 2025) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources", "Nexa" or the "Company") informs that operations at the Cajamarquilla smelter have been partially and temporarily suspended, as operator employees, represented by their labor union, initiated a strike on June 25, 2025.Despite several weeks of dialogue, no agreement was reached. The negotia ...

Core Viewpoint - AJP Holding Company and Orbic North America, holding approximately 19% of Sonim Technologies, are urging fellow stockholders to support their nominees for the board in light of Sonim's poor financial performance and management practices [1][2][3]. Financial Performance - Sonim reported a net loss of $33.65 million in 2024, equating to a loss of $7.13 per share, and has experienced a stock price decline of 87% in 2024, culminating in a total stock value loss of 98% over the past five years [6][15][16]. - The company has accumulated losses totaling $86.45 million from 2021 to 2024, indicating a pattern of poor financial management [6][15]. Management and Governance Issues - The current board and management have been accused of poor stewardship, engaging in entrenchment efforts, and failing to provide a strategic evaluation process that benefits stockholders [2][6][19]. - Sonim's board has implemented anti-takeover measures, including a poison pill strategy and dilutive stock offerings, which have negatively impacted stockholder value [6][7][19]. Proposed Changes - AJP and Orbic are nominating five independent candidates for the board, emphasizing the need for new leadership with industry expertise to conduct a strategic assessment of Sonim [3][11]. - The nominees are expected to advocate for a strategic review process and engage with Orbic regarding acquisition proposals, which could potentially unlock stockholder value [11][12]. Acquisition Proposals - Orbic has made a cash offer of $25 million to acquire substantially all of Sonim's assets, representing a 66.7% premium over another proposed transaction with Social Mobile [10][12]. - The proposed transaction with Social Mobile is viewed as unlikely to provide meaningful returns to stockholders, with estimates suggesting a per-share value of approximately $1.46, which could decrease further when accounting for transaction costs and existing debt [10][20]. Stockholder Engagement - AJP and Orbic are calling on stockholders to vote for their nominees to ensure a transformation in leadership that prioritizes stockholder interests and addresses the company's financial challenges [8][21][22].

Offer to acquire substantially all of Sonim's assets for a cash purchase price of $25 millionPurchase price equates to a price per share of $2.418Hauppauge, New York--(Newsfile Corp. - June 26, 2025) - Orbic North America, LLC ("Orbic"), an international leader in mobile technology innovation, sent a revised acquisition proposal letter to Sonim Technologies, Inc. (NASDAQ: SONM) ("Sonim" or the "Company"), today in which Orbic re-emphasized Orbic's interest in negotiating a mutually agreeable transaction wi ...

Toronto, Ontario--(Newsfile Corp. - June 26, 2025) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") announces that it intends to renew its normal course issuer bid ("NCIB") to purchase for cancellation, from time to time over a 12-month period starting June 27, 2025, common shares ("Common Shares") of the Company in an aggregate amount of up to 3,654,388 Common Shares, representing 5 percent of Argo's issued and outstanding Common Shares. ...