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Questcorp Mining Receives Permit Exemption for IP Survey at North Island Copper
Newsfile· 2025-09-03 07:15
Core Viewpoint - Questcorp Mining Inc. has received a permit exemption to conduct a 10 to 15 line km induced polarization (IP) survey at its North Island Copper project, indicating progress in exploration efforts in British Columbia [1]. Group 1: Exploration and Survey Details - The North Island Copper project spans 1,168 hectares and is located near Port Hardy on Vancouver Island, British Columbia [1]. - Historical exploration in the 1990s included a 12.3-line km IP survey that identified a chargeability anomaly at the Marisa Zone, followed by a diamond drilling program that revealed copper values of 0.078% over 56.39 meters and 0.041% over 70.71 meters [2]. - Questcorp plans to build on these historical results with modern geophysical equipment and data processing, having received quotes from three geophysical contracting firms for the updated survey [3][4]. Group 2: Industry Context and Potential - The exploration results from NorthIsle Copper and Gold Inc., located 15 km to the west, highlight the exploration potential of the area, which also includes the past-producing Island Copper Mine [3]. - The Marisa Zone's strong historic IP signature and limited drilling results suggest significant potential for further exploration [3]. Group 3: Company Overview - Questcorp Mining is focused on acquiring and exploring mineral properties in North America, aiming to develop economic precious and base metals properties [6]. - The company holds options to acquire a 100% interest in the North Island copper property and the La Union project in Sonora, Mexico, both subject to royalty obligations [6].
District Increases Land Position at the Sågtjärn Property after Successful UAV Survey in Sweden
Newsfile· 2025-09-03 06:00
District Increases Land Position at the Sågtjärn Property after Successful UAV Survey in SwedenSeptember 03, 2025 2:00 AM EDT | Source: District Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - September 3, 2025) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to announce that MWH Geo-Surveys International Inc. ("MWH") has completed a detailed Unmanned Aerial Vehicle ("UAV") radiometric and magne ...
HIVE Digital Technologies Completes Phase 2 of Its Yguazú Project in Paraguay Reaching 18 EH/s, Producing 8 Bitcoin per Day from Hydroelectric Power
Newsfile· 2025-09-03 05:00
Core Insights - HIVE Digital Technologies Ltd. has completed Phase 2 of its Yguazú project ahead of schedule, achieving a global Bitcoin mining capacity of over 18 Exahash per second (EH/s) [3][4] - The company is currently mining over 8.5 Bitcoin per day, utilizing renewable hydroelectric energy from the Itaipú Dam in Paraguay [3][4] - HIVE's dual business model includes Bitcoin mining and AI cloud computing, positioning the company for growth in both sectors [5][13] Company Operations - The Yguazú site now operates with 200 megawatts (MW) of hydroelectric power, contributing to a global fleet efficiency of approximately 18.5 Joules per Terahash (J/TH) [4] - HIVE anticipates that upon completion of the Valenzuela site, it will reach a total capacity of 25 EH/s, with projected daily Bitcoin production of approximately 12 BTC [8] - The company has successfully managed the installation of ASICs and is on track for further expansion, with all necessary capital expenditures already made [9][11] Future Projections - HIVE expects to maintain consistent growth aligned with the established economics of its Paraguay operations, with each incremental exahash increasing daily production and revenue potential [12] - The company has a predictable cost structure due to fixed-rate hydroelectric power and minimal incremental labor costs [12] - Management emphasizes the importance of operational excellence and creating lasting value for shareholders through disciplined growth [5][13]
Graphano Applauds Canada's New Major Projects Office as Catalyst for North American Graphite Supply
Newsfile· 2025-09-03 04:15
Core Viewpoint - Graphano Energy Ltd. supports the launch of Canada's Major Projects Office (MPO), which aims to expedite approval processes for major projects, particularly in critical minerals and energy sectors, reducing timelines from five years to two [1][2]. Group 1: Company Developments - Graphano's Lac Saguay graphite project has an initial mineral resource estimate of 1,640,000 tonnes at 7.00% graphitic carbon (Cg) and an inferred resource of 1,580,000 tonnes at 7.00% Cg [3][4]. - The company plans to engage with the MPO as its projects advance and is preparing to close a non-brokered private placement financing to fund upcoming programs [5][3]. - The graphite portfolio of Graphano is positioned to enhance the North American and European supply chain, especially as the U.S. faces high tariffs on Chinese graphite imports [2][3]. Group 2: Industry Context - The MPO's initiative is timely as it aligns with the growing demand for graphite, particularly for applications in lithium batteries and energy storage technologies [8]. - With China being the largest global producer of graphite, the need for reliable North American alternatives is increasing due to new U.S. tariffs of 163% on Chinese imports [2][8].
Tenet Updates Investor Presentation
Newsfile· 2025-09-02 23:43
Group 1 - Tenet Fintech Group Inc. has updated its investor presentation at the request of OSC staff, removing forward-looking information regarding forecasted revenue, EBITDA, and market penetration rates for its ie-Pulse and Equity Insider products [1] - As of the date of the news release, neither ie-Pulse nor Equity Insider has generated any revenue for the company [1] - The revised investor presentation is available for download on the company's website [1] Group 2 - Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology and artificial intelligence companies [2] - The subsidiaries of Tenet offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies, and financial institutions [2] - The Cubeler® Business Hub serves as a global ecosystem where analytics and AI facilitate B2B transactions among its members [2]
TrustBIX Inc. Announces Closing of Previously Announced Private Placement
Newsfile· 2025-09-02 23:30
Core Points - TrustBIX Inc. has successfully closed a non-brokered private placement, issuing 10,000,000 units at a price of $0.04 per unit, resulting in gross proceeds of $400,000, pending final acceptance by the TSX Venture Exchange [1][3] Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.08 for two years [2] - If the closing price of common shares reaches or exceeds $0.12 for twenty consecutive trading days, TrustBIX can accelerate the expiry date of the warrants [2] - The proceeds from the private placement will be used for general working capital, including acquiring inventory to support ongoing operations [3] Group 2: Regulatory and Compliance Information - The securities issued are subject to a statutory hold period of four months and one day following the closing [3] - No finder's fees or other compensation were paid in connection with the private placement, and the shares were sold under prospectus exemptions [3] Group 3: Company Overview - TrustBIX is an agricultural technology company focused on providing Gate to Plate® solutions aimed at enhancing trust, reducing waste, and promoting sustainable practices within the agri-food sector [4]
Tokenwell Platforms Announces Director Appointment and Marketing Services Agreement
Newsfile· 2025-09-02 23:24
Vancouver, British Columbia--(Newsfile Corp. - September 2, 2025) - Tokenwell Platforms Inc. (CSE: TWEL) (FSE: Y92) (formerly, Trilogy AI Corp.) ("Tokenwell" or the "Company") is pleased to announce that Mr. Darryl Irwin has been appointed as a Director of the Company, effective August 29, 2025.Darryl Irwin is a former Big Four Tax Partner who provides corporate advisory services to growth-stage tech companies on M&A, tax strategy, and liquidity events. With 20+ years in public accounting, he is a trusted ...
IMPACT Silver Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$8.0 Million
Newsfile· 2025-09-02 22:34
Core Viewpoint - IMPACT Silver Corp. has announced a bought deal private placement to raise approximately C$8 million through the sale of 22,222,222 units at C$0.36 per unit, with each unit consisting of one common share and one warrant [1][2]. Group 1: Offering Details - The offering price is set at C$0.36 per unit, with gross proceeds expected to be around C$8 million [1]. - Each warrant allows the holder to purchase one common share at C$0.45 within 24 months after the closing date [2]. - An over-allotment option allows underwriters to purchase an additional 5,555,556 units for up to C$2 million in gross proceeds [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for advancing underground development and infrastructure at the Guadalupe mine, increasing processing plant throughput, and expanding mining operations at the Plomosas mine [7]. - Additional funds will be allocated for general working capital and corporate purposes [7]. Group 3: Regulatory and Closing Information - The offering is subject to regulatory compliance and is scheduled to close on September 17, 2025, pending necessary approvals [9]. - Units will be offered to purchasers in all Canadian provinces except Québec and may also be sold in offshore jurisdictions [5].
Silver One Closes Oversubscribed Financing of $6.04 Million
Newsfile· 2025-09-02 22:02
Vancouver, BC--(Newsfile Corp. - September 2, 2025) - Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") is pleased to announce that it has closed its oversubscribed and previously announced non-brokered private placement financing (see news release dated August 18, 2025 and August 26, 2025) by issuing 21,587,713 units of the Company (the "Units") at a price of $0.28 per Unit for aggregate gross proceeds of $6,044,559.64 (the "Offering"). Each Unit is comprised ...
Greenheart Gold Announces the Commencement of Drilling on Two of Its Projects and Provides an Update on Exploration Progress in Suriname and Guyana
Newsfile· 2025-09-02 21:59
Core Viewpoint - Greenheart Gold Inc. has initiated drilling programs at its Majorodam project in Suriname and Tamakay project in Guyana, while also providing updates on exploration progress across its portfolio in both countries [2][3][8]. Group 1: Majorodam Project (Suriname) - Drilling has commenced at the Heuvel Prospect, with the first diamond drill hole completed on August 15, 2025, and a total of three holes drilled to date, totaling 610 meters [3]. - The Phase 2 drill program aims to complete 2,500 meters, following up on previous reverse circulation drill results [3]. - Significant trench results include an interval of 18.0 meters at 6.39 grams per tonne of gold, with a high-grade quartz vein returning 4.0 meters at 24.07 grams per tonne [4]. - A high-resolution drone magnetics survey has been conducted over the Heuvel drill targets, enhancing the geological framework for ongoing exploration [5]. - The company is also conducting trench and channel sampling on the Helling prospect, which is part of a 5-kilometer soil anomaly [6]. Group 2: Tamakay Project (Guyana) - An initial 1,200 meters Phase 1 diamond drill program began in mid-August 2025, targeting known gold-bearing quartz vein occurrences [8]. - The drilling is designed to test the continuity of gold-bearing quartz veins and potential stacked veins, as well as a shear zone underlying historical mining pits [8]. Group 3: Igab Project (Suriname) - Early results from the Igab project have shown numerous gold-in-soil anomalies, with ongoing grid soil sampling refining these results into five distinct prospects [9]. - The company has signed a definitive option agreement for the Igab project, involving option payments totaling US$3,400,000 over four years [12]. Group 4: Management and Team - Tim Stubley has been appointed as Senior Manager of Exploration, bringing over 15 years of mineral exploration experience to the company [13][14].