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First Canadian Graphite Inc. Announces Closing Financing - $2,768,100.00
Thenewswire· 2026-02-07 00:40
Core Viewpoint - First Canadian Graphite Inc. has successfully closed a private placement offering, raising gross proceeds of $2,768,100 through the sale of 9,227,000 units at $0.30 each, which was oversubscribed by $168,100 [1][2] Financing Details - The proceeds from the financing will be allocated for general working capital and an exploration and drill program on the Berkwood Graphite Project in northern Quebec [2] - Each unit consists of one common share and one-half warrant, with each whole warrant allowing the purchase of one common share at $0.50 for two years [1] Insider Participation - Three insiders subscribed for a total of 270,000 units, which qualifies as a "related party transaction" but is exempt from formal valuation and minority shareholder approval requirements [3] - A new insider position was created through the participation of an investor who subscribed for 750,000 units [3] Finder Fees - A finder fee of $38,802.02 in cash and 125,440 finder warrants, exercisable at $0.50 for two years, will be paid/issued [4] Regulatory Approval - The company will seek approval from the TSX Venture Exchange to close the financing and issue the securities, which will be subject to a hold period of four months plus one day from the issuance date [5] Company Background - First Canadian Graphite is managed by a team with over 150 years of collective experience in mining, with a focus on the Berkwood graphite resource in Northern Quebec, which is fully owned by the company [7]
Goat Industries To Showcase Betsource-Enhanced BKFC App Experience During Knucklemania VI
Thenewswire· 2026-02-06 22:00
Core Viewpoint - GOAT Industries Ltd. announces that BETSource will enhance the Bare Knuckle Fighting Championship (BKFC) mobile app ecosystem ahead of KnuckleMania VI, marking a significant event for fan engagement and user experience [1][5]. Group 1: Event Details - KnuckleMania VI is scheduled for February 7, 2026, at the Xfinity Mobile Arena in Philadelphia, and is expected to be the largest BKFC fight night to date, showcasing the promotion's growth in live event demand and audience engagement [2]. - The event will serve as a high-visibility platform to demonstrate the enhanced BKFC App experience, allowing fans to interact with content before, during, and after the event [2]. Group 2: Digital Distribution and Engagement - BKFC's digital distribution has expanded to include various broadcast and streaming channels such as Ballys Sports & Stadium, SportsGrid, and BKFC's YouTube and Fubo Sports Channel, emphasizing the BKFC App as a central hub for fan engagement [3]. - The BKFC App is increasingly important for fan interaction, especially during major events like KnuckleMania VI, where digital engagement is anticipated to peak [5]. Group 3: BETSource Technology - BETSource, operated through Source Gaming Company, will test a new user experience in the BKFC+ Beta on both iOS and Android, aimed at fostering deeper in-app interaction and improving engagement [4]. - The technology is positioned to support an enhanced fan experience while providing measurable insights that align with BKFC's digital and monetization objectives [5][6]. Group 4: Strategic Importance - The company believes that real-world activations tied to large, sold-out live events validate the commercial relevance of BETSource's platform and support its strategy of investing in scalable digital media and technology assets [6].
Giant Mining Re-Engages ExploreTech for AI-Driven 2026 Drill Targeting at Majuba Hill Copper-Silver-Gold Project in Nevada
Thenewswire· 2026-02-06 21:05
VANCOUVER, BC — TheNewswire - February 6, 2026 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5 | CSE: BFG.WT.A | CSE: BFG.WT.B.) (“Giant Mining” or the “Company”) is pleased to announce it has re-engaged Exploration Technologies Inc. (“ExploreTech”), a geoscience technology company located in San Diego, California, specializing in artificial intelligence–driven subsurface modelling, to support drill targeting for the Company’s planned 2026 exploration and drilling program at its flagship Majuba Hil ...
Rockland Reports on First 2 Drill Holes Completed at the Cole Gold Mines Project in the Red Lake District, Ontario
Thenewswire· 2026-02-06 14:55
Core Viewpoint - Rockland Resources Ltd. has reported the discovery of visible gold in the first two drill holes of a 3,000-metre diamond drilling program at its Cole Gold Mines Project in Ontario, indicating promising potential for gold mineralization in the area [1][8]. Exploration Details - The initial drill holes were aimed at confirming the style and nature of gold mineralization and understanding alteration styles, lithologies, and structural controls associated with precious-metal mineralization [2]. - The Cole Gold Mine has a shaft sunk to a depth of 160 metres, with levels established at 90, 120, and 150 metres, and is classified as a non-producing historic mine [3]. Drill Hole Findings - Drill hole RR-26-01 intersected visible gold at three locations, specifically from 82.20 to 82.60 metres over a core length of 0.40 metres, and an additional intercept at 85.70 metres [3]. - Drill hole RR-26-02, which is deeper than RR-26-01, intersected visible gold over a 0.20-metre interval between 74.90 to 75.10 metres and another intercept at 187.00 metres [4]. Geological Context - Gold mineralization is found in deformed quartz veins and stockwork within broad zones of intense silicification, suggesting significant potential widths for gold mineralization if assays are favorable [5]. - The presence of altered ultramafic and mafic dikes associated with the veins containing visible gold indicates a geological environment conducive to gold mineralization, which is well-documented in the Red Lake district [6]. Management Commentary - The CEO of Rockland Resources expressed excitement over the multiple occurrences of visible gold in the initial drill holes, highlighting that the deepest hole completed so far contains the best occurrence of visible gold, suggesting that gold mineralization continues to depth [8]. Company Overview - Rockland Resources is focused on mineral exploration and discovery, with its flagship project being the historic Cole Gold Mines project in the Red Lake district of Ontario [11]. - The company aims to deliver meaningful growth and long-term value to its shareholders through disciplined exploration and strategic project development [12].
Scandium Canada Mandates Engineering Firm Norda Stelo to Lead the Pre-Feasibility Study for the Crater Lake Project
Thenewswire· 2026-02-06 14:30
February 6, 2026 – TheNewswire - MONTRÉAL, QUÉBEC – Scandium Canada Ltd. (TSX-V: SCD) (the “Company”) is pleased to confirm the signing of a service agreement with Québec-based engineering firm Norda Stelo for the completion of the pre-feasibility study (“PFS”) for the Crater Lake project. The timeline for the delivery of the study’s conclusions remains summer 2026, with the final report expected to be released at the end of August 2026.Norda Stelo will be responsible for the overall completion of the PFS, ...
Blue Lagoon Marks One-Year Anniversary of Mining Permit Receipt as Gold & Silver Price Outlook Strengthens and Operational Milestones Accelerate
Thenewswire· 2026-02-06 13:05
Core Insights - Blue Lagoon Resources Inc. has successfully transitioned from permitting to operational status at its Dome Mountain Gold and Silver Project, marking a significant milestone as one of only nine mining projects permitted in British Columbia over the past decade [1][2][14] - The macroeconomic environment for gold and silver has improved, with analysts forecasting gold prices to reach US$4,746.50 per ounce in 2026, driven by inflation, geopolitical instability, and central bank activities [3][10] - The company has achieved key operational milestones, including a milling agreement, receipt of the first production payment of approximately US$1 million, and the initiation of underground mining [4][8] Operational Progress - Since receiving the mining permit, Blue Lagoon has established a 10-year milling agreement and received its first production payment, validating its cash-flow model [4][14] - The company has completed a critical year-round wastewater treatment system and scaled up its mining workforce amid a tight labor market [8] - Blue Lagoon's commitment to high operational standards is reflected in its strong relationship with the Lake Babine First Nation, which has been crucial for project development [5][6] Sustainability and Community Engagement - Blue Lagoon was nominated for the 2026 PDAC Sustainability Award, recognizing its environmental stewardship and Indigenous partnership model [6][7] - The company has engaged meaningfully with the Lake Babine First Nation, embedding Indigenous values into its project planning and operations [5][6] Market Positioning - The upward revision in long-term gold price forecasts positions Blue Lagoon favorably to benefit from a sustained higher price environment, with the company believing it is well-prepared for future growth [10][11] - The established support from First Nations provides a strategic advantage, reducing permitting and execution risks as the company pursues further operational and exploration activities [9][10]
Vault Strategic Mining Corp Announces Non-Brokered Private Placement
Thenewswire· 2026-02-06 12:00
Core Viewpoint - Vault Strategic Mining Corp. has announced a non-brokered private placement of up to 2,000,000 units at a price of $0.25 per unit, aiming for gross proceeds of up to $500,000 [1][2]. Group 1: Private Placement Details - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at an exercise price of $0.35 for twelve months [2]. - The net proceeds from the private placement will be used for exploration activities and general corporate purposes, with potential finders' fees applicable [3]. - All securities issued will be subject to a hold period of four months and one day as per applicable securities legislation [3]. Group 2: Warrant Provisions - The warrants include an acceleration provision, allowing the company to notify warrant holders to exercise their warrants if the weighted average daily trading price exceeds $0.60 for five consecutive trading days [4]. - If the acceleration notice is issued, warrants not exercised within 30 days will expire [4]. Group 3: Insider Participation - Any insider participation in the private placement will be considered a related party transaction, and the company will rely on exemptions from formal valuation and minority approval requirements [5].
Wedgemount Resources Shareholder Update
Thenewswire· 2026-02-06 00:10
Core Viewpoint - Wedgemount Resources Corp. is addressing operational challenges and financial performance issues from 2025, with a focus on re-establishing growth momentum and improving efficiency in 2026 [2] Operations Update - The company faced significant production disruptions in Q3 and Q4 of 2025 due to third-party gas pipeline shutdowns and local brush fires, leading to curtailments in production and compliance work with the Texas Railroad Commission (RRC) [2] - Completion of RRC compliance work is expected in the coming weeks, allowing for the restart of production, with an anticipated 39 wells in operation by mid-February 2026 [2] Funding - To strengthen its financial position, the company secured a $250,000 USD bridge loan with an exit fee of $250,000 USD, aimed at supporting operations while seeking longer-term financing options [3] Macro Environment - Despite low commodity prices in 2025, activity in Wedgemount's core area is increasing, with larger companies exploring outside traditional shale areas, presenting opportunities for growth through advanced drilling techniques [4] Company Overview - Wedgemount Resources is a junior natural resource company focused on maximizing shareholder value through the acquisition, development, and exploitation of energy projects in the southern USA [5]
Aether Global Innovations Announces Canadian Agency Agreement With Uavionics
Thenewswire· 2026-02-06 00:00
Core Viewpoint - Aether Global Innovations Corp. has entered into a Canadian agency agreement with UAVionics Technologies, enhancing its role in the UAV market and expanding its product offerings in Canada and potentially internationally [1][2]. Group 1: Agreement Details - The agreement, effective February 3, 2026, appoints Aether as the representative for the distribution, marketing, and promotion of UAVionics' UAV platforms and related services in Canada [1][2]. - Aether will initially operate on a non-exclusive basis for six months, with the potential for exclusivity based on performance criteria after this period [3]. - The agreement has a one-year term, renewable for up to five additional one-year periods by mutual consent [3]. Group 2: Responsibilities and Commissions - Aether will earn commissions on sales from leads it introduces, with the commission structure based on pricing and gross margin parameters set by UAVionics [4]. - UAVionics retains responsibility for manufacturing, product warranties, and fulfillment, while Aether focuses on business development and customer engagement in various markets [4]. Group 3: Strategic Importance - The agreement positions Aether as a trusted partner for advanced UAV platforms, aligning UAVionics' ISR systems with Canadian defense and security needs [5]. - Aether aims to build demand for UAVionics' products in Canada and support select international opportunities where approved [5]. Group 4: Company Profiles - Aether Global Innovations Corp. specializes in UAV and counter-UAV services, focusing on integrating technologies to meet customer specifications [6]. - UAVionics is a UAV technology company that designs and manufactures ISR platforms for defense, security, and commercial applications [7].
Euromax Announces Closing of Issuance of Common Shares to Galena in Connection with Repayment of Debt
Thenewswire· 2026-02-05 22:05
VANCOUVER, BC, February 5, 2026 – TheNewswire - Euromax Resources Ltd. (TSXV: EOX): ("Euromax" or the "Company"), announces today that further to its news release dated January 13, 2026, it has now completed the issuance of 34,965,342 common shares in the capital of the Company (the “Common Shares”) to Galena Resource Equities Limited (“Galena”) pursuant to the debt settlement agreement entered into between the Company and Galena on January 13, 2026 (the “DSA”). The Common Shares were issued at a deeme ...