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Plurilock Security Inc. Reports Third Quarter Fiscal 2025 Financial Results
Newsfile· 2025-11-27 12:00
Core Insights - Plurilock Security Inc. reported significant financial growth in Q3 2025, with a 165% increase in Critical Services revenue year-over-year and an 11.5% improvement in adjusted EBITDA loss year-over-year [3][6]. Financial Performance - Total revenue for Q3 2025 was CAD 15,393,747, up from CAD 14,263,076 in Q3 2024. For the nine months ended September 30, 2025, total revenue reached CAD 50,498,220, compared to CAD 40,941,846 in the same period last year [4][10]. - Professional services revenue for Q3 2025 was CAD 2,691,471, a significant increase from CAD 1,013,633 in Q3 2024. For the nine months, it was CAD 10,698,452, compared to CAD 4,067,596 in the prior year [4][10]. - Gross margin improved to 8.8% for Q3 2025, compared to 6.9% in Q3 2024, while the nine-month gross margin was 10.7%, down from 11.4% in the previous year [4][10]. - Adjusted EBITDA for Q3 2025 was a loss of CAD 1,608,327, an improvement from a loss of CAD 1,815,868 in Q3 2024. For the nine months, the adjusted EBITDA loss was CAD 3,824,405, compared to CAD 2,536,452 in the same period last year [4][10][12]. Operational Highlights - The company has expanded its operational capabilities, launching a federal capture function and building a dedicated defense practice, which are expected to contribute to revenue growth starting later this year and accelerating through 2026 [6][8]. - Plurilock is experiencing rising deal activity across commercial, public sector, and defense markets, with expectations for continued expansion in the higher-margin Critical Services segment [7][8]. Future Outlook - The company anticipates achieving breakeven during 2026, supported by a growing pipeline, improved cost structure, and increasing demand for advanced cyber-defense capabilities [9][8]. - The restructuring earlier in the year has significantly reduced operating expenses, providing flexibility for execution and selective growth investments [7][8].
QMET Advances Toward Winter Drilling as Strategic Global Player Stakes Ground Adjacent to Company Hydrogen Projects
Newsfile· 2025-11-27 12:00
Core Insights - Q Precious & Battery Metals Corp. (QMET) is advancing its exploration activities in hydrogen-focused projects in Apple River and Springhill, Nova Scotia, in collaboration with Quebec Innovative Materials Corp. (QIMC) [1][2] Exploration Activities - Recent regional staking activity by Koloma, a global hydrogen player, has occurred around QMET's properties, indicating growing interest in the natural hydrogen landscape of Nova Scotia [2][3] - QMET's CEO highlighted that the new staking activity provides external validation of their geological model, reinforcing the scientific basis for their exploration efforts [3] Geological Findings - Ongoing fieldwork has confirmed consistent hydrogen degassing across seasons, supporting the company's exploration thesis regarding active subsurface gas systems [4][5] - The correlation between fault-controlled structures, hydrogen anomalies, and radon/thoron signatures suggests a robust geological environment conducive to natural hydrogen generation [4][7] Upcoming Drilling Program - QIMC is finalizing drill hole locations for QMET's Winter Drilling Program in the Springhill region, aimed at testing priority subsurface targets [5][6] - Details on planned collar locations and drill sequencing will be released following QIMC's technical review [6] Company Overview - QMET is a Canadian natural resource exploration company with projects targeting critical and precious metals, as well as Clean Natural White Hydrogen [7][9] - The company has reported strong and persistent hydrogen anomalies, elevated radon and thoron values, and repeatability of hydrogen readings, confirming ongoing gas flows and active degassing [7][8]
Canadian Gold Corp. Tartan Mine "Western Flank" Step-Out Drilling Continues to Deliver
Newsfile· 2025-11-27 12:00
Core Viewpoint - Canadian Gold Corp. is advancing its Phase 4 drill program at the Tartan Mine, with promising results indicating potential for a mine restart, particularly in the Main Zone's Western Flank [1][3] Drilling Results - The drilling program has focused on three main areas: the Main Zone's Western Flank, the South Zone, and prospecting near the Tartan Mine [2] - Significant assay results from the Main Zone's Western Flank include 12.3 gpt gold over 14.0 metres, 8.2 gpt gold over 9.9 metres, and 10.7 gpt gold over 4.5 metres [3] - A total of 31 out of 35 holes (89%) have intersected potentially economic mineralization within the Main Zone since the start of the drilling program [4] South Zone Exploration - Drilling in the South Zone aims to expand resource size for higher production potential, with notable results including 5.2 gpt gold over 5.0 metres and 4.4 gpt gold over 4.0 metres [5] - TLSZ25-41 reported a significant intercept of 82.0 metres at 1.3 gpt Au, indicating the presence of higher-grade sections within broader mineralized envelopes [5] Near Mine Target Generation - Drill target generation on the Tartan West property has confirmed multiple areas of high-grade gold mineralization, with grab samples assaying up to 28.9 gpt gold [6] - The Tartan Shear presents significant exploration potential for hosting similar gold mineralization, aligning with future infrastructure investments [7] Company Overview - Canadian Gold Corp. is focused on expanding the high-grade gold resource at the Tartan Mine, which has a 2017 indicated mineral resource estimate of 240,000 oz gold at 6.32 g/t [14] - The company also holds exploration properties in Ontario and Quebec, adjacent to major gold mines and projects [14]
Carolina Rush Shareholders Approve OceanaGold Transaction; Upsizes Private Placement
Newsfile· 2025-11-27 11:30
Core Points - Carolina Rush Corporation has received overwhelming shareholder approval for its transaction with OceanaGold Corporation, with 99.8% of voted shares in favor, surpassing the required 66.7% [3] - The agreement allows OceanaGold to earn up to an 80% interest in the Brewer Gold-Copper Project by investing up to US$20 million over the next five years [3] - A joint Technical Committee has approved a Stage 1 exploration program to drill approximately 3,000 meters, starting January 5, 2026, with a minimum commitment of US$1.5 million from OceanaGold [3] Private Placement - In response to strong investor demand, Carolina Rush plans to increase its non-brokered private placement offering from up to C$3.0 million to C$3.5 million [4] - The offering will consist of up to 31,818,182 units at a price of C$0.11 per unit, aiming for aggregate gross proceeds of up to C$3.5 million [5] - Each unit includes one common share and one-half of a common share purchase warrant, with warrants exercisable at C$0.16 for two years [5] Closing and Use of Proceeds - The closing of the offering is expected around December 4, 2025, pending approval from the TSX Venture Exchange [6] - Net proceeds from the offering will be allocated for working capital and general corporate purposes [6] Company Overview - Carolina Rush Corporation is focused on the Brewer Gold-Copper Project in South Carolina, which is considered a large, underexplored system with potential for both near-surface and deeper mineralization [7] - The Brewer project is located 13 km from OceanaGold's Haile Gold Mine, which has a production guidance of 170,000-200,000 ounces of gold for 2025 [7]
Metal Energy Announces $9.3 Million Financing; Centerra Gold to Become a Strategic Shareholder
Newsfile· 2025-11-27 11:00
Core Viewpoint - Metal Energy Corp. is set to raise up to C$9.3 million through a financing offering, with Centerra Gold expected to become a strategic shareholder owning approximately 9.9% of the company post-offering [1][5]. Financing Details - The financing will consist of approximately 8,880,000 common shares issued on a premium flow-through basis at C$0.73 per share and 6,200,000 common shares at C$0.45 per share [1]. - Proceeds from the offering will fund Metal Energy's 2026 maiden drill program at the NIV copper-gold-molybdenum project in British Columbia, which is fully permitted with drill-ready targets [2]. Tax and Regulatory Aspects - The flow-through shares will qualify under the Income Tax Act (Canada) for eligible resource exploration expenses, with the company committing to incur qualifying expenditures by December 31, 2026 [3]. - The closing of the offering is expected around December 16, 2025, pending regulatory approvals and customary closing conditions [4]. Strategic Investment - Centerra Gold's investment is seen as a significant endorsement of Metal Energy's NIV project, enhancing the company's technical capabilities and operational experience [6]. - This strategic partnership is viewed as a milestone for Metal Energy, allowing the company to focus on advancing drilling and pursuing discoveries [6]. Company Background - Metal Energy Corp. is focused on critical metals exploration, particularly copper and gold assets in Canada, with the NIV project being a key asset in its portfolio [10].
Argyle Resources Corp. Receives Permits and Begins Drilling Program at Lac Comporté Silica Project, Quebec
Newsfile· 2025-11-27 11:00
Core Insights - Argyle Resources Corp. has received all necessary permits and has commenced its drilling program at the Lac Comporté Silica Project in Quebec, Canada [1][3] - The drilling campaign will involve up to 3,000 meters of NQ-sized core, focusing on areas with promising results from the summer field program, which identified a significant quartzite horizon [2][3] Drilling Program Details - The planned drilling will target a kilometric horizon of quartzite, with four samples returning assays of up to 98% SiO2, including a high-grade result of 98.52% SiO2 [2][6] - The drilling program includes multiple drill collars with varying depths, totaling approximately 2,900 meters [5] Sample Analysis - The best silica results from the prospecting program include samples with SiO2 content of 98.52%, 98.42%, 98.19%, and 98.18%, all sourced from quartzite [8][6] - Analytical protocols for the samples were conducted by ALS Canada Ltd., utilizing XRF finish for lithogeochemistry [10] Company Background - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring and evaluating natural resource properties in North America, including silica projects in Quebec [11] - The company is engaged in a research partnership with the National Institute of Scientific Research (INRS) to conduct exploration programs on its silica projects [11]
Edison Issues Report on Percheron Therapeutics (PER)
Newsfile· 2025-11-27 08:16
Core Viewpoint - Edison has refreshed its investment case for Percheron Therapeutics as it prepares for a clearly defined Phase II plan for HMBD-002, supported by positive Phase I data and a strengthened management team [1] Group 1: Phase II Plan and Indications - The Phase II plan will include a basket design with exploratory and subsequent expansion cohorts [1] - The four priority indications are triple-negative breast cancer (TNBC), EGFR-mutant non-small cell lung cancer (NSCLC), HER2-negative oesophageal adenocarcinoma, and endometrial cancer [1] - TNBC and NSCLC are expected to be the lead indications due to their larger addressable markets and clearer early-stage partnering interest [1] Group 2: Trial Design and Timeline - Trial initiation is likely to be staggered, with a projected three- to six-month gap between each arm [1] - The company anticipates self-sponsoring the Phase II studies, with a global licensing deal expected in 2029, ahead of Phase III [1] Group 3: Valuation Update - The valuation for Percheron has increased to A$79.0 million or 7.3 cents per share, up from A$66.7 million or 6.1 cents per share [1]
iMetal Resources Completes 2025 Drilling at Gowganda West
Newsfile· 2025-11-27 08:15
Core Insights - iMetal Resources Inc. has completed its 2025 Phase I drilling at the Gowganda West project, with core logging and sampling currently in progress [1][3] - The drilling program focused on the area of a previous discovery hole that reported 48.5 meters of 0.85 g/t gold [1][3] - The company is optimistic about the assay results due to the recent increase in gold prices and overall market liquidity [3] Drilling Program Details - A total of 2,640 meters were drilled across 6 holes, exceeding the original plan of 2,500 meters based on geological recommendations [6] - The drilling intersected targeted host rocks with alteration patterns and mineralization similar to previous programs, including polymictic conglomerate and local mafic and felsic dykes [3][6] - The mineralization observed included disseminated pyrite and local chalcopyrite vein fractures [3] Quality Assurance and Sample Analysis - A rigorous QA/QC program is in place, with certified standards and blanks inserted at intervals of every thirty samples [5] - All samples will undergo standard preparation and analysis procedures at ALS Minerals, including a 50-gram gold fire assay [5] Geological Context - The Gowganda West property is characterized by a large package of gold prospective Timiskaming metasediments, approximately 7 km in strike and up to 5 km in width [6] - The property is located about 100 km south-southeast of Timmins, Ontario, and is contiguous to other significant mining projects [10]
SpotStat Achieves Key Growth Milestones
Newsfile· 2025-11-27 07:43
Core Insights - SpotStat has achieved significant growth milestones, reflecting its rapid development and expanding global presence [1][4]. Group 1: Company Development - SpotStat focuses on delivering advanced analytics, strategic insights, and optimisation support to performance-driven businesses [3][5]. - The company has strengthened its analytical capabilities and broadened its service range over the past year [3][6]. - SpotStat continues to invest in analytical tools and methodologies to improve transparency and enhance operational efficiency [4][6]. Group 2: Service Offerings - The company has expanded its service offerings to include SEO advisory, digital optimisation, and technical advertising support [6]. - SpotStat is committed to providing high-quality analytics and optimisation services to help clients maximise the effectiveness of their digital operations [4][6]. Group 3: Client Base - SpotStat has a growing international client base, demonstrating its ability to support diverse industries across multiple regions [6].
Fab-Form Industries Ltd. Announces Results for the Quarter Ended 30 September 2025
Newsfile· 2025-11-27 07:41
Delta, British Columbia--(Newsfile Corp. - November 27, 2025) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form" or the "Company") today released its interim financial results for the quarter ended 30 September 2025.Financial HighlightsRevenue for the quarter increased slightly to $1,479,187 compared to $1,433,820 in the last quarter ended 30 September 2024, reflecting a modest 3.16% growth resulting from an increase in Fastfoot, Fast-Tube, Helix and Insulated Concrete Forms related ("ICF accessories") sal ...