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Intrepid Metals Amends Property Agreements
Newsfile· 2025-08-29 20:20
Group 1: Agreements and Amendments - Intrepid Metals Corp. has entered into the CC Amendment to acquire 100% of Cave Creek's shares, extending cash payments to November 30, 2025, with an increased payment amount of $435,487.50 and issuance of 38,725 common shares and 220,000 warrants [1][3] - The Mesa Amendment restructures the work commitment for the Mesa Well Copper Property, requiring a total of $2 million in work to be completed by August 2027, eliminating yearly expenditure minimums, with additional cash payments and common shares to be issued upon TSXV approval [2][3] Group 2: Company Overview - Intrepid Metals Corp. focuses on exploring high-grade essential metals such as copper, silver, and zinc in southeastern Arizona, with several drill-ready projects including the Corral Copper Project and the Mesa Well Project [4]
Panoro Announces Cancellation of LIFE Offering
Newsfile· 2025-08-29 20:19
Core Viewpoint - Panoro Minerals Ltd. has canceled its previously announced C$10,000,000 brokered private placement due to unfavorable market conditions and is exploring alternative financing options [1][2]. Group 1: Financing and Project Development - The net proceeds from the canceled LIFE Offering were intended for infill drilling, metallurgical testing, pre-feasibility engineering, and an updated preliminary economic assessment (PEA) for the Cotabambas Project [1]. - The company is in advanced discussions regarding alternative financing options, including the receipt of a third payment from the sale of the Antilla Project and the sale of a non-core exploration project [2]. - The Cotabambas Project contains an estimated 3.3 million ounces of gold in the indicated category and 2.7 million ounces in the inferred category, along with 3.8 billion pounds of copper in the indicated category and 3.0 billion pounds in the inferred category [2]. Group 2: Market Conditions and Project Valuation - The updated PEA will incorporate current gold prices exceeding $3,400 per ounce and copper prices over $4.40 per pound, which are expected to significantly enhance the value of the Cotabambas Project [2]. - The company anticipates receiving a third payment from the Antilla Project sale in 2025, along with a contingent payment based on the estimated NPV of the project [4]. Group 3: Strategic Alternatives and Corporate Focus - Panoro is evaluating potential strategic alternatives with various parties to advance the Cotabambas Project towards construction and operation [5]. - The company remains focused on completing its technical objectives, including project optimization studies that will contribute to the PEA and define the scope for the prefeasibility study for the Cotabambas Project [3].
Purepoint Uranium Closes First Tranche of Private Placement
Newsfile· 2025-08-29 20:05
Core Viewpoint - Purepoint Uranium Group Inc. has successfully closed the first tranche of its private placement, raising a total of $456,038.14 through the issuance of flow-through units, which will be used for exploration in the Athabasca Basin [1][4]. Group 1: Private Placement Details - The first tranche consisted of 772,946 flow-through units priced at $0.59 each, with each unit including one common share and one common share purchase warrant [1]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.50 for 24 months from the issuance date [1]. - The second tranche of the private placement is expected to close around September 5, 2025, and is fully subscribed [2]. Group 2: Financial Arrangements - In connection with the first tranche, the company paid finders' fees totaling $27,362.29 in cash and issued 46,377 non-transferable compensation warrants [3]. - Each compensation warrant also allows the purchase of one common share at an exercise price of $0.50 for 24 months from the closing date [3]. Group 3: Use of Proceeds - The net proceeds from the private placement will be allocated towards the exploration and advancement of the company's projects in the Athabasca Basin, Saskatchewan [4]. Group 4: Company Overview - Purepoint Uranium Group Inc. is focused on uranium exploration with a portfolio of advanced projects in the Athabasca Basin, collaborating with industry leaders such as Cameco Corporation and Orano Canada Inc. [5]. - The company also holds a VHMS project strategically located adjacent to Foran Corporation's McIlvena Bay project [6].
East Africa Metals Provides Update on Magambazi Project, Tanzania
Newsfile· 2025-08-29 20:05
Core Viewpoint - East Africa Metals Inc. is advancing the Magambazi gold project in Tanzania by partnering with Ubora Minerals Company Limited to develop a formal mining plan and secure license renewal [1][2][3]. Government Engagement and Third-Party Developer - The company has been in continuous dialogue with the Tanzanian Ministry of Minerals since operations were suspended in December 2022 due to non-compliance by the previous operator [2]. - Following a government-led mediation process, East Africa and PMM were instructed to find a qualified third-party developer, resulting in a binding Memorandum of Understanding with Ubora [3]. Financial and Development Terms - The MOU stipulates that Ubora will acquire the Magambazi Project for a cash payment of US$1.0 million and a 4% Net Smelter Returns royalty to East Africa [4]. - Ubora is committed to starting project development within 48 months after obtaining necessary approvals, targeting a production rate of 40,000 ounces of gold annually [4]. Formal Mining Plan Development - Ubora, with East Africa's support, is preparing a formal mining plan as required for the renewal of mining licenses, which will outline technical, operational, environmental, and regulatory compliance aspects [5][6]. - The plan aims to establish a framework for advancing to the next phase of mine development, benefiting local stakeholders and East Africa shareholders [7]. About the Magambazi Property - The Handeni Gold Project includes two mining licenses covering 9.9 km² and additional prospecting licenses totaling 83.5 km², with historical exploration indicating over 1.0 million ounces of gold in the Magambazi deposit [8]. About East Africa Metals Inc. - The company holds a 30% Net Profits Interest in the Mato Bula and Da Tambuk mines and a 70% project interest in the Harvest polymetallic VMS Exploration Project in Ethiopia, alongside a 30% Net Streaming Interest in the Magambazi Mine [9]. - Since 2005, East Africa has invested US$66.8 million in African exploration, identifying 2.8 million ounces of gold and gold-equivalent resources at an average discovery cost of US$24 per ounce [10].
DAMA AGENCY Debuts: Redefining Salesforce & AI Consulting for Visionary Brands
Newsfile· 2025-08-29 19:43
Core Insights - DAMA AGENCY has launched as a new player in technology consulting, focusing on Salesforce, MarTech, and AI solutions for luxury brands [1] - The agency emphasizes a "craftsmanship-first" approach, tailoring services to meet the specific ambitions and budgets of clients [4] - The proprietary DREAM AUTOMATE MEASURE ACHIEVE methodology is introduced as a standard for scalable ecosystem design [5] Company Overview - Founded by Venkatesh Naga Damarouthu, DAMA AGENCY aims to redefine digital transformation for distinguished enterprises [1][6] - The agency has recently achieved Salesforce Partner status, enhancing its credibility in the marketplace [4] Service Offerings - DAMA AGENCY provides a range of services including SFMC implementation, customer data platforms, custom software, and Talent as a Service (TaaS) [8] - The firm positions itself as a consultancy of choice for organizations seeking high-quality digital transformation solutions [8] Methodology - The DREAM phase involves assessing and harmonizing complex platforms to create a foundation for innovation [10] - The Automate phase focuses on developing sophisticated workflows and AI-powered customer journeys [10] - The Measure phase utilizes real-time dashboards and analytics to provide insights into ROI and engagement [10] - The Achieve phase ensures that engagements lead to measurable growth and a roadmap for future development [10] Market Positioning - DAMA AGENCY is positioned as a luxury-class digital transformation partner, inviting new collaborations from companies seeking high-end consulting services [9] - The agency is listed on Salesforce AppExchange, facilitating easy verification and engagement for potential clients [9]
Magna Terra Closes Upsized Non-Brokered Premium Flow-Through Private Placement for Gross Proceeds of $2 Million
Newsfile· 2025-08-29 16:24
Toronto, Ontario--(Newsfile Corp. - August 29, 2025) - Magna Terra Minerals Inc. (TSXV: MTT) (the "Company" or "Magna Terra") is pleased to announce that it has completed its previously announced non-brokered premium flow-through private placement of gross proceeds totalling $2,000,004.08 (the "Offering").The Offering consisted of an issuance of 14,814,845 premium flow-through common shares of the Company at a price of $0.135 per common share. "We are very pleased with the investor response and resulting d ...
MustGrow Closes Non-Brokered LIFE Offering of Approximately $2.1 Million, Repricing of Warrants, and Shares for Debt Settlement
Newsfile· 2025-08-29 11:00
Core Viewpoint - MustGrow Biologics Corp. has successfully closed a non-brokered private placement, raising approximately $2.1 million through the sale of units, along with a repricing of warrants and a shares for debt settlement agreement [1][3][11] Group 1: LIFE Offering - The LIFE Offering consisted of 3,059,731 units sold at a price of $0.70 per unit, generating gross proceeds of approximately $2,141,812 [1] - Each unit includes one common share and one common share purchase warrant, with warrants exercisable for 60 months at an exercise price of $0.90 per share [2] - The net proceeds will be used for inventory production of the mustard-derived organic biofertility product TerraSanteTM, inventory for agricultural products, and general corporate purposes [3] Group 2: Warrant Repricing - The company has repriced 1,721,610 outstanding warrants from a previous private placement, reducing the exercise price from $1.90 to $0.90 per share [7][8] - The repriced warrants include an acceleration provision that allows for an earlier expiry if the share price exceeds $1.08 for ten consecutive trading days [9] - This repricing is pending final approval from the TSX Venture Exchange [10] Group 3: Shares for Debt Settlement - MustGrow is settling approximately $2,385,000 in outstanding principal under unsecured convertible debentures by issuing up to 3,407,134 shares at a deemed price of $0.70 per share [11] - The settlement also includes a cash payment for all accrued and unpaid interest [11] - The shares issued in this settlement will be subject to a statutory hold period of four months and one day [12] Group 4: Insider Participation and Compliance - Certain insiders participated in the LIFE Offering, purchasing a total of 285,716 units, which will be subject to a four-month hold period [13] - The participation of insiders in the LIFE Offering and other transactions is considered a related party transaction under Multilateral Instrument 61-101 [14] - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the transaction's market capitalization not exceeding 25% [14] Group 5: Company Overview - MustGrow Biologics Corp. provides innovative biological and regenerative agriculture solutions, focusing on eco-friendly alternatives to synthetic chemicals and fertilizers [15] - The company has a portfolio of approximately 109 patents and collaborates with agriculture companies like Bayer AG for commercialization [15] - MustGrow is publicly traded on the TSX Venture Exchange with approximately 58.9 million common shares outstanding [16]
Oracle Commodity Holding and Silver Elephant Amend Existing Coal and Silver Royalty Agreements
Newsfile· 2025-08-29 09:30
Core Viewpoint - Silver Elephant Mining Corp. and Oracle Commodity Holding Corp. have amended and restated net smelter return royalty agreements for Silver Elephant's Mongolian coal and Bolivian silver properties, replacing previous arrangements [1]. Group 1: Mongolian Coal Properties - The coal royalty has been revised to the greater of US$2 per tonne or 3% of NSR, down from the greater of US$3 per tonne or 5% of NSR [2]. - Silver Elephant will guarantee coal royalty payments on behalf of its Mongolian subsidiaries [2]. Group 2: Bolivian Silver Properties - Silver Elephant is recognized as a control person of Oracle, making them related parties under Multilateral Instrument 61-101 [3]. - The amended royalty agreements are classified as "related party transactions" under MI 61-101, with both companies intending to rely on exemptions from formal valuation and minority approval requirements [3]. - The silver royalty is now based on 2% of 70% of the gross metal value of sold materials, reduced from 2% of 100% [7]. - The threshold silver price of $30 per ounce has been removed, meaning the silver royalty is payable regardless of the silver price [7]. - Silver Elephant will also guarantee silver royalty payments on behalf of its Bolivian subsidiaries [7].
Planet Based Foods Global Inc. Announces Closing of Debt Settlement Transactions with Related Parties
Newsfile· 2025-08-29 01:59
Core Viewpoint - Planet Based Foods Global Inc. has completed debt settlement transactions with Baron Global Financial Canada Ltd. and Coenda Investments Holding Corp., aimed at improving its financial position through the issuance of shares to settle outstanding debts [1][2][4]. Group 1: Debt Settlement Transactions - The company issued a total of 15,238,094 subordinated voting shares to settle a bona fide indebtedness of CAD 800,000, with the shares priced at CAD 0.0525 each, reflecting a 25% discount to the market price prior to the announcement [2]. - The shares issued are subject to a statutory hold period of four months and one day from the issuance date, in compliance with Canadian securities laws [3]. Group 2: Related Party Transactions - The creditors involved in the transactions are classified as "related parties," which qualifies the transactions as "related party transactions" under Multilateral Instrument 61-101 [4]. - The company utilized exemptions from formal valuation and minority shareholder approval requirements due to its serious financial difficulties, with the transactions structured to enhance its financial standing [4]. Group 3: Company Overview - Planet Based Foods Global Inc. focuses on sustainable ingredients and plant-based solutions, aiming to contribute to a cleaner and healthier global food system while aligning with evolving consumer values [5].
Ionik Delivers Record Revenue & Adjusted EBITDA in Second Quarter 2025
Newsfile· 2025-08-28 20:30
Core Insights - Ionik Corporation reported record quarterly revenue of $53.5 million for Q2 2025, representing a 20% increase compared to Q2 2024 and a 28% increase over Q1 2025 [1][4] - The company achieved a record adjusted EBITDA of $9.3 million, which is a 58% increase from Q2 2024 and a 47% increase from Q1 2025 [1][4] - Ionik generated adjusted free cash flow of $7.3 million, with a conversion rate of 79%, up from $3.9 million and a 67% conversion rate in Q2 2024 [1][4] Financial Performance - Revenue growth was primarily driven by the acquisitions of Nimble5, LLC and Rise4 Inc. in 2024 [4] - Gross profit increased by 28% to $21.4 million, resulting in a gross profit margin of 40%, compared to 37% in Q2 2024 [4] - The net loss after tax from continuing operations was $2.8 million, compared to a net income of $0.1 million in Q2 2024 [4] Debt and Cash Position - Cash as of June 30, 2025, was $5.1 million, down from $12.7 million at the end of Q1 2025 [4] - Total undiscounted debt decreased by $5 million to $117.5 million, with senior lender debt at $79.7 million [4] - Senior debt net of cash was $74.6 million, compared to $71.4 million at the end of Q1 2025 [4] Management Commentary - The CEO of Ionik highlighted the company's strong performance in a dynamic market and emphasized the successful integration of its two platforms, which has improved service to customers and gross profit margins [5]