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Intellabridge Provides Strategic Update and Transition to Spark Plug Partnership
Newsfile· 2025-12-01 22:21
Core Insights - Intellabridge Technology Corporation has announced a strategic realignment of its growth initiatives within the GreenTech sector, transitioning to a partnership with Spark Plug Chargers Inc. [1][2] - The partnership model is seen as optimal for leveraging Spark Plug's hardware expertise alongside Intellabridge's software and impact capabilities, rather than pursuing a direct acquisition [4][5] Strategic Partnership - The Company and Spark Plug have mutually agreed to pursue a strategic partnership, concluding the previously announced Letter of Intent (LOI) [2] - This transition allows both parties to maintain independent growth paths while focusing on future collaboration [2] Market Review and Insights - A comprehensive market review and due diligence process conducted over the past six months provided deep visibility into the evolving landscape of electric vehicle (EV) infrastructure and smart city development [3] - Insights gained indicated that significant value creation aligns with the convergence of Intelligent Sustainable Infrastructure and the Company's proprietary impact technologies [4] Management Commentary - The CEO of Intellabridge expressed appreciation for the cooperation of the Spark Plug team during the due diligence phase, emphasizing the importance of rigorously testing assumptions and identifying core competitive advantages [5] - The transition to a partnership model is expected to unlock greater synergies than a traditional acquisition, with a focus on deploying an 'Impact-as-a-Service' loyalty layer across the broader infrastructure ecosystem [5] Company Overview - Intellabridge Technology Corporation is an impact-driven technology company focused on advancing global Sustainable Development Goals (SDGs) through proprietary technology solutions in the CleanTech, GreenTech, and intelligent infrastructure sectors [6]
Baytex Announces Cash Tender Offer for 2032 Senior Notes and Intent to Redeem 2030 Senior Notes
Newsfile· 2025-12-01 22:06
Core Viewpoint - Baytex Energy Corp. has initiated a cash tender offer for its outstanding 7.375% Senior Notes due 2032, utilizing proceeds from the divestiture of its U.S. Eagle Ford assets, while also planning to redeem its 8.500% Senior Notes due 2030 [1][2][18] Group 1: Tender Offer Details - The tender offer is for all US$575 million of the 2032 Senior Notes, with a total consideration of US$1,040 for each US$1,000 principal amount, which includes an early tender payment of US$40 [2][8] - The tender offer will expire on December 30, 2025, with an early tender date of December 12, 2025, for holders to receive the early tender payment [5][9] - Holders can withdraw their tendered notes until the withdrawal deadline of December 12, 2025 [6] Group 2: Redemption of 2030 Senior Notes - Baytex plans to issue a conditional notice of redemption for all US$759.44 million of its 8.500% Senior Notes due 2030, scheduled for December 22, 2025, contingent on the completion of the Eagle Ford Asset Sale [18] Group 3: Conditions and Management - The tender offer is contingent upon the successful completion of the Eagle Ford Asset Sale, expected to close in late 2025 or early 2026, subject to regulatory approvals [11] - RBC Capital Markets, LLC has been retained as the dealer manager for the tender offer, while Global Bondholder Services Corporation will act as the information and tender agent [14]
Gunnison Copper Repays US$7.3 Million of Nebari Secured Debt, Fully Eliminating Non-Convertible Portion of Second ARCA
Newsfile· 2025-12-01 22:05
Core Viewpoint - Gunnison Copper Corp. has successfully repaid US$7.3 million of its non-convertible debt to Nebari, marking a significant step in its deleveraging strategy and enhancing its financial flexibility [1][3]. Debt Repayment - The repayment of US$7.3 million eliminates the non-convertible portion of the Second Amended and Restated Credit Agreement (Second ARCA) with Nebari [1]. - The remaining balance under the Second ARCA is US$5.25 million, which is convertible to equity at Nebari's discretion [2]. Financial Strategy - The company's management emphasizes reducing and ultimately eliminating debt as a core objective, with the recent repayment strengthening the balance sheet and capital structure [3]. - This achievement is expected to advance the goal of fully retiring the remaining Nebari secured debt [3]. Company Overview - Gunnison Copper Corp. is a multi-asset copper developer and producer, controlling the Cochise Mining District in Southern Arizona, which contains 12 known deposits [3]. - The flagship Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31% [4]. - The preliminary economic assessment (PEA) for the Gunnison Copper Project indicates a net present value (NPV) of US$1.3 billion and an internal rate of return (IRR) of 20.9% with a payback period of 4.1 years [4]. Production Capacity - The Johnson Camp Asset, now in production, is fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million pounds of finished copper cathode annually [6]. - Other significant deposits in the district, such as Strong and Harris, South Star, and eight others, have the potential to serve as economic satellite feeder deposits for the Gunnison Project [6].
Numinus Wellness Provides Corporate Update
Newsfile· 2025-12-01 22:00
Core Insights - Numinus Wellness Inc. is focused on innovative mental health care, particularly through evidence-based psychedelic-assisted therapies [1][5] Group 1: Auditor Changes - Davidson & Company LLP resigned as the independent auditor on October 10, 2025, and was replaced by MNP LLP [2] - MNP LLP also resigned on October 30, 2025, leading to the engagement of Horizon Assurance LLP as the new independent auditor [2] - MNP did not complete an audit during its engagement and did not issue any opinions on the financial statements [3] Group 2: Trading Resumption Efforts - The company is working on revoking a cease trade order and has submitted an application to the British Columbia Securities Commission (BCSC) [4] - The company is addressing comments from the BCSC regarding past financial disclosures and will incorporate feedback into future reporting [4] - The timeline for the company's filings for the year ended August 31, 2025, is uncertain due to the ongoing review by the BCSC [4] Group 3: Company Overview - Numinus Wellness Inc. aims to help individuals heal through innovative mental health care and safe psychedelic-assisted therapies [5] - The company is at the forefront of integrating psychedelic-assisted therapies into mainstream clinical practice, focusing on healing rather than merely managing symptoms [5]
Majid Pahlevani, CTO of Sparq Systems Inc., Named an IEEE Fellow
Newsfile· 2025-12-01 22:00
Toronto, Ontario--(Newsfile Corp. - December 1, 2025) - Sparq Systems Inc. (TSXV: SPRQ) (OTCQB: SPRQF) (FSE: M26) ("Sparq" or the "Company") is pleased to announce that its Chief Technology Officer, Dr. Majid Pahlevani, has been named as an IEEE Fellow, a prestigious honour awarded to select members of the Institute of Electrical and Electronics Engineers ("IEEE") who have made significant contributions to the advancement of technology and engineering. Each year, this honour is limited to no more than 0.1% ...
INVESTOR ALERT: Morris Kandinov LLP Investigating StubHub Holdings, Inc. (STUB); Investors with Losses Encouraged to Contact Firm
Newsfile· 2025-12-01 21:37
INVESTOR ALERT: Morris Kandinov LLP Investigating StubHub Holdings, Inc. (STUB); Investors with Losses Encouraged to Contact FirmDecember 01, 2025 4:38 PM EST | Source: Morris Kandinov LLPSan Diego, California--(Newsfile Corp. - December 1, 2025) - National law firm Morris Kandinov has recovered millions of dollars for shareholders and is recognized as a Top 25 Firm in the 2024 ISS Securities Class Action Services Report. If you purchased shares of StubHub Holdings, Inc. (NYSE: STUB), contact ...
European Electric Metals to Acquire Miminiska Gold Property in Ontario, Name Change to Canadian Goldfields Discovery Corp. and Appointment of John Booth as CEO
Newsfile· 2025-12-01 21:35
Core Viewpoint - European Electric Metals Inc. is acquiring the Miminiska Gold Property in Ontario and will change its name to Canadian Goldfields Discovery Corp, with John Booth appointed as CEO [1][2][21]. Acquisition Details - The Company has entered into a Purchase Agreement with Storm Exploration Inc. to acquire mineral claims and licenses in the Miminiska-Fort Hope greenstone belt, covering 6,366.4 hectares [1][4]. - The total cash payments to Storm will amount to CAD$3,525,000, including a non-refundable deposit of CAD$200,000 and a closing cash payment of CAD$1,800,000 [25][28]. - The acquisition is subject to approval from the TSX Venture Exchange and customary conditions [30]. Property Overview - The Miminiska Gold Property consists of 278 unpatented mining claims, 43 mining patents, and 1 mining license, located approximately 350 km north of Thunder Bay [4]. - The property is situated within Eabametoong First Nation territory, with an updated Exploration Agreement in place to ensure community involvement [5]. Geological Insights - The property has significant gold mineralization associated with Algoma-type Banded Iron Formations, with notable historic drill intercepts including 20.84m at 5.75 g/t Au [7][11]. - Modern exploration has identified several targets that have not yet been drill tested, with potential similarities to Orla Mining Ltd.'s Musselwhite Mine [7][8]. Exploration Plans - Initial exploration will include step-out drilling at the Miminiska and Frond Lake prospects, with a focus on identifying structural breaks near strong magnetic anomalies [18][19]. - A Phase 1 drilling and exploration program is estimated to cost approximately CAD$1,900,000 [20]. Leadership Changes - John Booth has been appointed as CEO, bringing over 25 years of experience in international capital markets and natural resources [21][22]. - The previous CEO, Fred Tejada, will continue to contribute as a Director [24]. Financing Strategy - The Company plans to conduct a private placement financing of CAD$7,000,000 to support the acquisition and exploration activities [32][34]. - The financing will consist of common shares priced at CAD$0.20 per share, with additional flow-through shares at CAD$0.22 [32][33].
Red Light Holland Reports Second Quarter 2026 Results and Provides Corporate Update
Newsfile· 2025-12-01 21:30
Core Insights - Red Light Holland Corp. reported its financial and operational results for the three and six months ended September 30, 2025, highlighting a focus on functional mushrooms and psilocybin truffles in compliance with legal regulations in the Netherlands [1] Research and Development (Psilocybin) - The partnership with Irvine Labs has progressed, confirming the compatibility of psilocybin truffles with medical-grade applications and supporting expanded R&D activities [4] - Collaboration with Arizona State University aims to understand genetic factors influencing psilocybin response [4] - Dr. Robin Carhart-Harris has been appointed as a Scientific Advisor to guide R&D and regulatory pathways [4] - The company plans to allocate more resources to psilocybin distribution and drug development [4] Wholesale and CPG - SR Wholesale, the Netherlands subsidiary, continues to perform well, generating sales from over 125 retail stores despite tourism slowdowns [4] - An expanded partnership with Albertsons has been established, entering the U.S. retail market with Happy Caps Mushroom Home Grow Kits [4] - Health Canada-approved Functional Mushroom Gummies have been launched and are available on Amazon [4] M&A Activity - Management is exploring potential M&A opportunities with a focus on research-driven businesses to enhance R&D initiatives [5] Bitcoin Strategy - The company announced a Bitcoin strategy, allocating up to $2 million in Bitcoin-related assets to enhance operational flexibility [6] Operational Streamlining and Strategic Priorities - Management is implementing measures to streamline operations and enhance cost discipline, including divesting non-core assets and suspending underperforming activities [8] Financial Highlights - Total cash balance as of September 30, 2025, was $10.226 million, down from $11.454 million as of June 30, 2025 [16] - Revenue for the three months ended September 30, 2025, was $0.754 million, a decrease of 44.9% from $1.368 million in Q2 2025 [16] - Gross profit for the same period was $0.327 million, down 68.68% from $0.552 million in Q2 2025 [16] - Adjusted EBITDA loss for the three months ended September 30, 2025, was $0.785 million, an increase of 61.9% from $0.485 million in Q2 2025 [16] Looking Ahead - The company remains optimistic about future opportunities in psilocybin research and regulatory advancements, prioritizing R&D initiatives for long-term value creation [9][12]
Dakota Gold Intersects High-Grade Gold Mineralization in 150-Meter Step-Out Drill Hole at Richmond Hill
Newsfile· 2025-12-01 21:15
Core Insights - Dakota Gold Corp. reports significant high-grade gold mineralization at the Richmond Hill Oxide Heap Leach Gold Project, confirming the project's resource growth potential [1][3][6] - The company is actively drilling with plans to complete approximately 27,500 meters (~90,000 feet) during its 2025 drilling campaign [1][3] - The project is positioned for long-term value creation through ongoing drilling, feasibility studies, and permitting processes [3][10] Drilling and Assay Results - Recent metallurgical drill hole RH25C-236 intersected 8.17 grams per tonne gold over 11.3 meters, exceeding current block model grades [6] - Expansion drill hole RH25C-296 intersected 1.45 g/t Au over 18.3 meters, indicating mineralization remains open and is only limited by drilling [6][7] - The company has completed drilling and pump installation at all 28 water wells required for permitting, with sampling initiated in November [3][4] Project Development and Future Plans - Dakota Gold aims to advance the Richmond Hill project to commercial production by 2029, alongside outlining a high-grade underground resource at the Maitland Gold Project [10] - The project requires state and county permits, with a feasibility study and permit application targeted for early 2027 [3][4] - Core drilling is ongoing in the northeast project area, with additional assay results expected through the fourth quarter of 2025 and into 2026 [4][6]
ROSEN, GLOBALLY RESPECTED INVESTOR COUNSEL, Encourages Inspire Medical Systems, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - INSP
Newsfile· 2025-12-01 21:03
ROSEN, GLOBALLY RESPECTED INVESTOR COUNSEL, Encourages Inspire Medical Systems, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - INSPDecember 01, 2025 4:03 PM EST | Source: The Rosen Law Firm PANew York, New York--(Newsfile Corp. - December 1, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Inspire Medical Systems, Inc. (NYSE: INSP) between August 6, 2024 and August 4, 2025, both dates inclusive (the " ...