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Sage Potash Obtains Approval for US$14 Million USDA Grant to Advance Project
Newsfile· 2025-09-02 07:05
Core Viewpoint - Sage Potash Corp. has received a US$14 million grant from the USDA to support the development of its Sage Plain Potash Project, which aims to produce 300,000 tonnes of potash per year in Utah, thereby enhancing domestic potash capacity for U.S. farmers [1][2][5]. Group 1: Project Development - The USDA grant will significantly contribute to the financing strategy for the construction of the potash project [1][4]. - The project is expected to create approximately 100 well-paying jobs in San Juan County, Utah, utilizing proven solution-mining techniques that enhance safety and reduce environmental impacts compared to conventional methods [3][4]. - Sage Potash is advancing permitting and a Preliminary Economic Assessment (PEA) with the support of RESPEC, which includes a third-party review of project economics and environmental studies [4]. Group 2: Industry Context - Potash is a critical nutrient for plant growth and global food security, with over 90% of U.S. consumption being imported [5]. - The addition of potash to the critical minerals list by the U.S. Federal administration provides Sage Potash access to federal funding and tax credit opportunities [5][6]. - The USDA grant is part of the Fertilizer Product Expansion Program aimed at increasing the manufacturing and processing of fertilizers in the U.S. [7].
Makenita Resources Drilling Discovers Broad Zinc Mineralization Zone Intersected in Multiple Drill Holes Open to Expansion in Ontario Including 3 Metres of 2.9% Zn, 7.5 g/t Ag and 1.06 g/t Au
Newsfile· 2025-09-02 07:01
Core Insights - Makenita Resources Inc. has announced significant assay results from its maiden drill program at the Hector Silver Project in Ontario, Canada, indicating broad zones of polymetallic mineralization [1][3][4] Company Overview - Makenita Resources Inc. is focused on the Hector Silver Project, located in the historic Larder Lake Mining Division, covering 2,243 hectares with 126 contiguous unpatented mineral claims [2] Drilling Campaign Details - The 2025 drilling campaign included 516 meters of core drilling across three holes, targeting the historic Teck Block 9 polymetallic-silver zone [2] - All three drill holes intersected broad zones of polymetallic mineralization, characterized by pyrite-pyrrhotite-chalcopyrite-galena within intermediate volcanic rock [3] Mineralization Findings - Drill hole 25HC03 revealed 60.4 meters averaging 0.20% zinc, with a notable 3-meter sample returning 2.9% zinc, 7.5 g/t silver, and 1.06 g/t gold [5][8] - Additional holes, 25KC01 and 25HC02, also indicated mineralization, with 26 meters averaging 0.10% zinc and 4.5 meters grading 0.11% zinc, respectively [6][8] Exploration Potential - The drilling has defined a northwest-trending zone of mineralization that aligns with a magnetic gradient anomaly extending over 1.2 km, suggesting further exploration opportunities [4] Strategic Positioning - The Hector Project is positioned as a core strategic asset for Makenita, situated in a proven mining district known for silver and cobalt production, enhancing its exploration portfolio [8]
Edge Total Intelligence Announces Issuance of Restricted Stock Units to Lotus Domaine III
Newsfile· 2025-09-02 07:01
Group 1 - Edge Total Intelligence Inc. (edgeTI) has approved the issuance of Restricted Stock Units (RSUs) to Lotus Domaine III, LP for consulting services, pending approval by the TSX Venture Exchange [1][2] - The consulting agreement with Lotus will provide edgeTI with guidance on capital market and private equity fundraising, investment opportunities, market positioning, and acquisition targeting from August 29, 2025, to December 31, 2027 [2][3] - A total of 1,593,813 RSUs will be issued as Share-Settled Share Units, vesting one year from the grant date, with an additional grant of 1,145,913 RSUs for the second year of the agreement [3] Group 2 - edgeTI offers real-time digital operations software, edgeCore™, which integrates multiple software applications and data sources to enhance situational awareness and accelerate decision-making for global enterprises, service providers, and governments [4] - The platform's low-code development capability allows customers to improve margins and agility by transforming siloed systems and data across various business and technology domains [4]
District Comments on Uranium Mining Announcement from the Swedish Government - Legislative Proposal to Be Brought to Parliament
Newsfile· 2025-09-02 06:00
Core Viewpoint - The Swedish Government plans to submit a legislative proposal to Parliament to lift the current ban on uranium mining, with potential implementation on January 1, 2026, marking a significant policy shift towards new energy solutions in Sweden [1][3]. Group 1: Legislative Changes - The proposed changes will allow for the extraction and exploration of uranium under the Swedish Minerals Act, including applications for exploration permits and processing concessions under specific conditions [2]. - This initiative follows a government inquiry that concluded in December 2024, recommending the removal of the uranium mining ban, which was subsequently submitted to the Council on Legislation in June 2025 [3]. Group 2: Company Implications - District Metals Corp. expresses optimism regarding the government's move to remove the uranium ban, indicating that it aims to create a regulatory framework treating uranium similarly to other metals and minerals [4]. - The lifting of the uranium ban is expected to provide long-term clarity for the company and enhance its ability to attract investors, which is crucial for the development of its uranium polymetallic projects [4]. Group 3: Company Overview - District Metals Corp. is focused on exploring and developing mineral properties, particularly the Viken and Tomtebo Properties in Sweden, which contain significant mineral resources including uranium [6][7]. - The Viken Property is noted for having the largest undeveloped Mineral Resource Estimate of uranium globally, along with other critical raw materials [7].
Austral Gold Secures Additional US$1M Loan for Casposo
Newsfile· 2025-09-01 04:32
Core Viewpoint - Austral Gold Limited has secured a new short-term loan of US$1 million to support working capital requirements following refurbishment activities at the Casposo processing plant, which is advancing towards the commissioning phase [1][2]. Group 1: Loan Details - Loan Amount: US$1 million [8] - Loan Term: 180 days from disbursement [8] - Interest Rate: 8.5% per annum [8] - Repayment: Lump-sum payment at maturity, funded by proceeds from mineral exports; early repayment option available [8] - Security: Unsecured [8] Group 2: Company Overview - Austral Gold is a growing gold and silver mining producer focused on building a portfolio of quality assets in the Americas based on three strategic pillars: production, exploration, and equity investments [4]. - The company is advancing its attractive portfolio of producing and exploration assets to lay the foundation for its growth strategy [4].
Victory Square Technologies Reports Q2 2025 Results Highlighted by Revenue Growth, Profitability, and Portfolio Momentum
Newsfile· 2025-08-30 02:47
Company Overview - Victory Square Technologies Inc. is a venture builder providing investors access to a diverse portfolio of next-generation technology companies [2][23] - The company operates a business model focused on buying, building, and investing in early-stage tech companies, with a commitment to support them for up to 48 months before they can stand on their own [24][26] Financial Performance - For the first half of 2025, adjusted revenue reached $13.87 million, a 27% increase from $10.97 million in the first half of 2024 [7] - Q2 2025 revenue was $5.38 million, compared to $4.43 million in Q2 2024, marking a 21% year-over-year growth [7] - Adjusted EBITDA for the first half of 2025 was $463 thousand, a significant improvement from a loss of $1.59 million in the first half of 2024 [7] Portfolio Highlights - Victory Square maintains over 25 portfolio companies across sectors including digital health, AI, gaming, climate tech, and pet wellness [5][6] - Hydreight Technologies, a key portfolio company, reported a six-month adjusted revenue of $13.9 million, reflecting a 33% year-over-year growth and achieved its third consecutive profitable quarter [6][8] - Insu Therapeutics is developing a patent-pending oral insulin tablet, with early preclinical trials showing promising results [10][11] Strategic Initiatives - The company is exploring share buybacks to reduce net asset value (NAV) discount and enhance shareholder value [6][16] - Pawsible Ventures, another portfolio company, is focused on pet wellness and telehealth solutions, with plans to launch a fund and incubator program in fall 2025 [12][15] Industry Context - The global diabetes therapeutics market is projected to grow to $118 billion by 2032, with over 500 million people currently living with diabetes [13] - The global pet care market is expected to reach $368 billion by 2030, indicating significant growth potential in the pet wellness sector [14] Future Outlook - The company aims to continue supporting Hydreight's growth, advance Insu Therapeutics towards regulatory milestones, and launch Pawsible Ventures' fund and incubator program [20][21] - Upcoming investor conferences will feature Victory Square and its portfolio companies, providing opportunities for engagement with investors [21]
American Aires Inc. Announces Business Continuity and Governance Actions Following Special Committee Review
Newsfile· 2025-08-30 02:30
Core Viewpoint - American Aires Inc. has announced significant governance actions following the misconduct of its Founder, President, and Chief Product Officer, Dimitry Serov, which has led to his suspension and ongoing investigations by a Special Committee [1][3][6]. Group 1: Misconduct Findings - The Special Committee's investigation revealed that Dimitry engaged in serious misconduct, including improper payments to his deceased father's consulting services, misleading disclosures regarding intellectual property ownership, misappropriation of intellectual property for personal gain, and undisclosed conflicts of interest involving his wife's ownership in the Company's exclusive manufacturer [2][5][6]. - Despite these findings, the Company's business operations remain unaffected, with key supplier and customer relationships intact, and a perpetual non-exclusive license to operate under the misappropriated intellectual property [2]. Group 2: Board Actions and Demands - The Board has suspended Dimitry from his positions with pay, pending the completion of the investigation, and has made clear demands for him to resign from the Board, repay consulting fees totaling approximately CAD $230,000, cancel 1,777,778 common shares valued at approximately CAD $120,000, and transfer misappropriated patent rights to the Company [3][13]. - The Board is committed to addressing the misconduct decisively and transparently to protect the Company and its shareholders, emphasizing the need for accountability and adherence to corporate governance standards [6][7]. Group 3: Related Party Transactions - The Board has identified Dimitry's undisclosed beneficial interest in the Company's exclusive manufacturer, Technano, as related-party dealings under Multilateral Instrument 61-101, which will require careful review and approval of any future transactions involving him or Technano [8][10]. - The Company plans to rely on exemptions from formal valuation requirements and minority approval requirements under MI 61-101, based on good-faith determinations by the Special Committee [9].
Themac Resources Group Limited Announces Execution of Arrangement Agreement for Going Private Transaction
Newsfile· 2025-08-29 23:26
Core Viewpoint - THEMAC Resources Group Limited has entered into an arrangement agreement with Tulla Resources Group Pty. Ltd. for a going private transaction, where Tulla will acquire all outstanding common shares not already owned by it for cash consideration of $0.08 per share, representing an approximately 11% premium to the 20-day volume-weighted average trading price prior to the announcement [1]. Group 1: Transaction Details - The arrangement will be executed under the Yukon Business Corporations Act, and Tulla currently controls approximately 60.39% of the Company's outstanding shares [1]. - A special meeting of shareholders is scheduled for October 7, 2025, to approve the arrangement, requiring at least two-thirds of the votes cast and a simple majority excluding certain shares held by Tulla and related parties [2]. - The board of directors has unanimously determined that the arrangement is in the best interests of the Company and fair to shareholders, based on recommendations from a special committee of independent directors [4]. Group 2: Shareholder Support - In addition to Tulla's shares, certain directors and significant shareholders holding 14,804,130 common shares, representing 18.64% of the total, have entered into Voting and Support Agreements to vote in favor of the arrangement [5]. - 90.78% of the locked-up shareholders are affiliates or associates of Tulla, indicating strong support for the transaction [5]. Group 3: Valuation and Fairness - The recommendation for the transaction was based on a comprehensive valuation report and fairness opinion prepared by an independent valuator, which concluded that the consideration is fair to minority shareholders [9]. - A summary of the valuation and fairness opinion will be included in the information circular to be sent to shareholders [10]. Group 4: Conditions and Timeline - The transaction is subject to approval by the Supreme Court of Yukon and the TSX Venture Exchange, with an expected closing in mid to late October 2025 [8]. - Upon completion, the shares will be delisted from the TSXV, and the Company will apply to cease being a reporting issuer in applicable provinces [8].
TAG Oil Provides Financial Results and Operating Updates for Q2-2025
Newsfile· 2025-08-29 22:53
Financial Performance - As of June 30, 2025, the company reported C$5.3 million in cash and cash equivalents, an increase from C$3.2 million as of March 31, 2025 [2] - Working capital was C$4.9 million, slightly down from C$5.0 million in the previous quarter [2] - The company has no debt [2] Production and Operations - During the quarter ending June 30, 2025, the Badr Oil Field ("BED-1") wells produced an average of 110 barrels of oil per day [2] - Crude oil sales for the same period averaged 91 barrels of oil per day [2] Strategic Initiatives - The company is participating in an open bid for a strategic asset acquisition in Egypt, with the process scheduled to close on September 30, 2025 [3] - TAG Oil is seeking to secure an industry partner to accelerate further drilling at the BED-1 field, with Expressions of Interest from qualified parties due by September 30, 2025 [3] Company Overview - TAG Oil is a Canadian-based international oil and gas exploration company focused on operations and opportunities in the Middle East and North Africa [4]
Goldshore Announces Filing of Q2 Financial Statements and Provides Second Quarter Corporate Highlights
Newsfile· 2025-08-29 22:43
Goldshore Announces Filing of Q2 Financial Statements and Provides Second Quarter Corporate HighlightsAugust 29, 2025 6:44 PM EDT | Source: Goldshore Resources Inc.Vancouver, British Columbia--(Newsfile Corp. - August 29, 2025) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company") is pleased to announce that it has filed its second quarter interim financial statements and the accompanying Management's Discussion and Analysis ("MD&A") which are availa ...