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Gold X2 Mining Announces Filing of Q3 Financial Statements
Newsfile· 2025-11-29 01:35
Group 1 - Gold X2 Mining Inc. has filed its third quarter interim financial statements and Management's Discussion and Analysis, available on SEDAR+ [1] - Gold X2 is focused on acquiring and advancing primary gold assets in tier-one jurisdictions, led by experienced management and backed by a prominent private equity firm [2] - The company has invested over $75 million in the Moss Gold Project, completing approximately 100,000 meters of drilling, contributing to a total of over 255,000 meters drilled [2] Group 2 - The updated NI 43-101 mineral resource estimate for the Moss Gold Project shows 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au [2] - The mineral resource estimate covers only 3.6 kilometers of a 35+ kilometer mineralized trend, indicating significant potential for further development [2] - The Moss Gold Project is one of the few remaining major Canadian gold deposits positioned for development in the current cycle [2]
Rapid Dose Announces Extension to Promissory Notes
Newsfile· 2025-11-29 01:14
Core Viewpoint - Rapid Dose Therapeutics Corp. intends to extend the maturity date of its outstanding secured convertible notes from November 30, 2025, to November 30, 2026, as part of a strategic financial maneuver to manage its debt obligations [1]. Financing Details - The financing involved an offering of units priced at $1.00 per unit, each consisting of $1.00 principal amount of notes convertible at $0.17 per share, along with five common share purchase warrants with an exercise price between $0.14 and $0.17 per share, expiring on November 30, 2025. The total principal amount of notes issued was $3,134,445, along with 15,672,225 warrants [2]. Extension Agreement - Noteholders holding $3,084,445 of notes have agreed to extend the maturity date and the expiry date of their accompanying warrants to November 30, 2026, with an adjusted exercise price of $0.16. An extension fee of 5% will be paid in common shares at a price of $0.16 per share. One noteholder with a $50,000 note will receive cash repayment instead of an extension [3]. Interest Rate Adjustment - The interest rate on the notes will increase from 12% to 18% per annum, calculated and compounded monthly, with interest payable quarterly in arrears in common shares based on the closing market price on the Canadian Securities Exchange [4]. Accrued Interest Payment - The company plans to issue common shares to satisfy accrued and unpaid interest totaling $62,860.65 on the notes, due on the initial maturity date of November 30, 2025. This issuance is expected to occur no later than December 15, 2025 [5]. Securities Hold Period - All securities issued under the extension and for the payment of accrued interest will be subject to a hold period of four months and one day from the date of issuance [6]. Insider Participation - Certain insiders hold a total of $1,696,371 of notes and participated in the extension. The company is relying on exemptions from valuation and minority shareholder approval requirements due to the nature of the transaction being within the related party context [7]. Company Overview - Rapid Dose Therapeutics is a Canadian biotechnology company focused on innovative drug delivery solutions, with its flagship product QuickStrip™, an orally dissolvable film that can deliver various active ingredients rapidly into the bloodstream [8].
Blue Star Gold Announces Closing of Final Tranche of Non-Brokered Private Placement
Newsfile· 2025-11-29 01:00
Core Viewpoint - Blue Star Gold Corp. has successfully closed the final tranche of its non-brokered private placement, raising a total of $1,350,000 through the issuance of flow-through common shares [1][2] Group 1: Private Placement Details - The final tranche raised $100,000 by issuing 400,000 flow-through common shares at a price of $0.25 per share [1] - The total proceeds from the private placement amounted to $1,350,000 [1] - The company paid finder's fees of $6,000 in cash and issued 24,000 finder's warrants, each exercisable at $0.25 until November 28, 2027 [2] Group 2: Use of Proceeds - The net proceeds from the private placement will be used for Canadian exploration expenses on projects in Nunavut before December 31, 2026 [3] - Additional proceeds will be allocated for general working capital purposes [3] Group 3: Regulatory and Compliance Information - All securities issued are subject to a four-month hold period, expiring on March 29, 2026 [3] - The private placement is pending final approval from the TSX Venture Exchange [4] Group 4: Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with over 300 square kilometers of landholdings [5] - The company owns the Ulu Gold Project and the Roma Project, with significant high-grade gold resources identified at the Flood Zone deposit [5] - The proximity of the future deep-water port at Grays Bay and the proposed Grays Bay Road corridor enhances the company's resource growth potential [5]
Tenet Reports Third Quarter 2025 Financial Results
Newsfile· 2025-11-29 00:45
Core Insights - Tenet Fintech Group Inc. reported a revenue of $237,350 and a net loss of $3,585,179 for Q3 2025, indicating ongoing financial challenges [1][6]. Financial Performance - Total revenue for Q3 2025 was $237.35 thousand, with a net loss of $3.59 million and cash flow from operations at -$5.77 million [6]. - The financial results reflect a need for improved operational efficiency and revenue generation strategies [1][6]. Operational Highlights - Major enhancements were made to the Networking and Insights modules of the Cubeler® Business Development Platform, including new features for business opportunity postings and daily customizable news articles [6]. - The Cubeler.com website was redesigned to better showcase the platform's capabilities, emphasizing networking and insights functionalities [6]. - An AI-powered data standardization application was introduced to unify data across various accounting software systems, enhancing support for small and medium enterprises (SMEs) in North America [6]. Corporate Developments - A new custodian agreement was established with Jiangsu Shenque Law Firm for the management of corporate chops in China, replacing a previous arrangement with MHP Law Firm [3]. - This agreement is crucial for the officialization of purchase orders, contracts, and other documents for the subsidiary and its affiliated entities [3]. Future Outlook - The CEO will address shareholder questions regarding Q3 2025 results and the business plan for the remainder of 2025 in an upcoming Q&A session [4].
Los Andes Copper Announces Election to Issue Common Shares in Satisfaction of US$14 Million Convertible Debenture Interest Payment Obligations
Newsfile· 2025-11-29 00:00
Core Viewpoint - Los Andes Copper Ltd. has elected to issue common shares to satisfy a US$14 million interest payment obligation on convertible debentures, reflecting a strategic move to manage its financial commitments [2][4]. Group 1: Convertible Debentures and Interest Payment - The company issued three convertible debentures totaling US$14 million to Queen's Road Capital, with interest payments structured as 5% in cash and 3% in shares [2][3]. - As part of the interest payment, Los Andes will issue 16,853 common shares at a deemed price of US$6.23 (C$8.76), amounting to US$104,994 (C$147,632) [2][3]. Group 2: Company Overview - Los Andes Copper Ltd. holds a 100% interest in the Vizcachitas Project in Chile, which is positioned to become a significant copper mine in the region [7][8]. - The Vizcachitas Project is a copper-molybdenum porphyry deposit located 150 kilometers north of Santiago, benefiting from strong infrastructure [8].
Builders Capital Mortgage Corp. Reports Third Quarter 2025 Results
Newsfile· 2025-11-28 23:31
Builders Capital Mortgage Corp. Reports Third Quarter 2025 ResultsAchieved Second Highest Quarterly Revenue of $1.85 MillionNovember 28, 2025 6:31 PM EST | Source: Builders Capital Mortgage Corp.Calgary, Alberta--(Newsfile Corp. - November 28, 2025) - Builders Capital Mortgage Corp. (TSXV: BCF) ("Builders Capital" or "the Company") announced today the release of its third quarter financial results for the period ended September 30, 2025.Highlights include:Generated quarterly revenue of $1.85 m ...
TNR Gold Corporate Update and Strategic Review of the Developing M&A Opportunities
Newsfile· 2025-11-28 23:18
Core Viewpoint - TNR Gold Corp is strategically reviewing M&A opportunities while positioning itself as a leader in the green energy metals and gold sectors, aiming to maximize shareholder value through its diversified asset portfolio and partnerships with major industry players [1][2][6]. Strategic Priorities - The company focuses on maximizing shareholder value by preventing dilution, reducing administrative expenses, and delivering returns above market averages [3]. - Recent M&A interest indicates successful marketing efforts by management, enhancing the company's visibility in the mining and investment sectors [6]. Asset Overview - TNR Gold holds a 1.5% NSR royalty on the Mariana Lithium Project in Argentina, which has commenced production with an annual capacity of 20,000 tons of lithium chloride [17][18]. - The company also has a 0.4% NSR royalty on the Los Azules Copper Project, which is positioned as a low-cost producer of high-purity copper cathodes, with a feasibility study confirming strong economic returns [20][22][52]. - TNR's 90% stake in the Shotgun Gold Project in Alaska includes 705,960 ounces of inferred gold resources, with plans to attract a major mining partner for further development [10][66]. Financial Performance and Strategy - The company has successfully repaid its investment loan, allowing it to present its assets free from encumbrance, which has justified management's rejection of low-ball offers [6][48]. - TNR Gold's share price has outperformed the market average during challenging times, reinforcing its strategy as a hedge in investment portfolios [6]. Future Growth and Development - Management is exploring strategic alliances with major mining companies to unlock higher valuations of its royalty holdings and generate new capital without diluting current shareholders [10][12]. - The company is considering a potential spinout of the Shotgun Gold Project into a stand-alone entity, AmeriGold, to enhance value creation [10][13]. Industry Context - The green energy revolution relies heavily on critical metals like copper, and TNR Gold aims to contribute to this transition by delivering responsibly produced materials [51][52]. - The Los Azules project is designed to be one of the world's first regenerative copper mines, targeting carbon neutrality by 2038 [40][52].
Gold Runner Exploration Announces Closing of $920,000 Non-Brokered Private Placement
Newsfile· 2025-11-28 23:08
Core Viewpoint - Gold Runner Exploration Inc. has successfully closed a non-brokered private placement financing, raising gross proceeds of $920,000 through the sale of 4,600,000 units at a price of $0.20 per unit, with each unit consisting of one common share and one common share purchase warrant [1] Group 1: Financing Details - The offering includes warrants that allow holders to acquire one common share at a price of $0.40 for a period of 60 months from the closing date [1] - The securities issued under the offering are subject to a hold period of four months and one day from the date of issuance, in accordance with Canadian securities laws [1] - The company paid finder's fees totaling $9,600 in cash and 48,000 broker warrants to Canaccord Genuity Corp. and Ventum Financial Corp. [3] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for exploration and development of the company's assets, claims, and option payments related to projects in the USA, geological evaluations in Canada, and for working capital and corporate purposes [2] Group 3: Company Overview - Gold Runner Exploration is focused on the exploration and development of gold and silver properties in Canada and the USA, with its flagship asset being the Rock Creek gold project, which includes 74 unpatented lode mining claims [5] - The company has expanded its land position by acquiring the Dry Creek prospect and the Falcon silver-gold prospect, bringing the total claims held to 239 in close proximity, targeting similar mineralization [5] - Gold Runner also holds a 10% carried interest in the Cimarron project in Nevada, which includes 31 unpatented lode mining claims [5]
Railtown Announces Change in Financial Year-End
Newsfile· 2025-11-28 23:04
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2025) - Railtown Capital Corp. (TSXV: RLT.P) (the "Company" or "Railtown") announces that it has changed its financial year-end from November 30 to December 31. The change in the Company's financial year‐end from November 30 to December 31 was made by the Company in order to align the Company's financial year-end with that of Tiernan Gold Corp. ("Tiernan") as of the closing of Tiernan's proposed reverse takeover of the Company (the "Proposed Trans ...
Zefiro Methane Strengthens Balance Sheet with Strategic Shares for Debt Settlements
Newsfile· 2025-11-28 22:30
Core Viewpoint - Zefiro Methane Corp. has entered into debt settlement agreements to eliminate approximately $407,855.97 CAD in outstanding debt, which is seen as a strategic move to strengthen its balance sheet and reduce overall debt obligations [1][3]. Debt Settlement Details - The debt settlements will involve issuing a total of 1,127,273 common shares at a deemed price of $0.275 CAD per share and granting 400,000 stock options with an exercise price of $0.40 per share [2]. - A portion of the debt, specifically $97,855.97 CAD, will be forgiven and settled for no value [2]. Company Overview - Zefiro Methane Corp. specializes in methane abatement and aims to be a key player in promoting active sustainability [5]. - The company is focused on creating solutions to clean up air, land, and water sources affected by methane leaks, leveraging its operational expertise [5].