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Fitzroy Minerals Announces Non-Brokered Life Offering And Concurrent Private Placement For Up To A Combined $26 Million
Thenewswire· 2026-02-25 22:15
Core Viewpoint - Fitzroy Minerals Inc. is initiating a non-brokered private placement to raise up to $26 million through two offerings, aimed at funding exploration and development projects in the Americas [1][3][4]. Group 1: Private Placement Details - The LIFE Offering will issue common shares at $0.50 per share, with a target of up to $10 million and a minimum offering amount of $4 million [1][2]. - A concurrent private placement will issue up to 32 million units at the same price of $0.50 per unit, potentially raising an additional $16 million [3]. - Each unit in the concurrent offering consists of one share and one-half of a share purchase warrant, with warrants allowing the purchase of additional shares at $0.80 for two years [3]. Group 2: Use of Proceeds - The net proceeds from the private placements will be allocated to various projects, including exploration and commitments for the Buen Retiro and Caballos projects, advancement of the Polimet project, reorganization of the Taquetren project, and general administrative costs [4]. Group 3: Closing and Regulatory Compliance - The closing of the private placements is anticipated around March 24, 2026, subject to TSXV approval and other closing conditions [5]. - Insiders may participate in the concurrent offering, which will be exempt from certain formal valuation and minority shareholder approval requirements [6].
Au Gold Corp Files NI 43-101 Technical Report in Connection with Acquisition of Havelock Gold-Antimony Project in the Heart of the Victorian Gold Fields, Australia
Thenewswire· 2026-02-25 21:50
Core Viewpoint - Au Gold Corp has filed a National Instrument 43-101 Technical Report related to its acquisition of a 100% interest in the Havelock Gold-Antimony Project, located in the Victorian gold fields of Australia, with the transaction expected to close around March 4, 2026 [1] Group 1: Acquisition Details - The Havelock Gold-Antimony Project spans 11,663 hectares and is situated between Bendigo and Ballarat in Australia [1] - The acquisition agreement was made with Leviathan Gold Australia, a subsidiary of Leviathan Metals Corp, and has received conditional approval from the TSX Venture Exchange [1] - The company plans to conduct follow-up exploration work after the acquisition is finalized [2] Group 2: Technical Report Findings - During the preparation of the Technical Report, seven rock samples were collected, with gold assays ranging from below detection to 12.2 g/t gold [2] - One notable sample returned 12.20 g/t gold and 0.18% antimony, located approximately 1,300 meters northwest of the McFarlane Shaft, where historical gold-antimony was documented [2] Group 3: Investor Relations Services - The company has engaged David Jan Consulting for investor relations services at a monthly rate of less than $3,000, with the agreement dated February 24, 2026 [3] - Additionally, an agreement with Northern Venture Group Inc. for investor relations services, including market research and digital marketing, has been established, with a monthly fee of $2,000 for a term expiring on July 31, 2026 [5] Group 4: Company Overview - Au Gold Corp is focused on advancing its flagship Havelock gold-antimony project and the Ponderosa gold project in British Columbia, Canada [7]
Canary Gold Issues Shares Pursuant to Agreement to Acquire Property at Madeira River, Rondonia, Brazil
Thenewswire· 2026-02-25 21:00
Core Viewpoint - Canary Gold Corp. has completed the final payment of CAD$450,000 by issuing 1,500,000 common shares at CAD$0.30 per share as part of its acquisition agreement with Talisman Venture Partners Ltd. for mineral tenements in Brazil [1][2]. Group 1: Acquisition Details - The company acquired a 100% interest in ten mineral tenements totaling approximately 94,700 hectares in Rondônia, Brazil, for a total consideration of CAD$1,700,000, which was satisfied through cash and share payments [2][5]. - Talisman retains a 1.0% Net Smelter Return (NSR) royalty on all commercial mineral production from the property, with the option for Canary Gold to purchase half of this royalty (reducing it to 0.5%) for CAD$1,000,000 [2][6]. Group 2: Share Issuance and Hold Period - The shares issued as part of the final payment are subject to a four-month hold period, expiring on June 26, 2026 [3]. Group 3: Company Overview - Canary Gold Corp. is a Canadian public exploration company focused on acquiring and advancing gold projects in Brazil, including an option to earn up to a 70% interest in the Rio Madeira Project through staged exploration expenditures and milestone payments [4].
SPARC AI Enters Ukrainian Defence Market with Strategic Reseller Partnership
Thenewswire· 2026-02-25 21:00
Core Viewpoint - SPARC AI Inc. has announced a strategic partnership to evaluate its precision targeting and GPS-denied navigation technology for deployment in Ukraine, marking its entry into an active defense market [1][2]. Group 1: Partnership and Evaluation Process - The partnership involves a structured evaluation of SPARC AI's platform, starting with field testing and progressing to full commercial deployment [2]. - The evaluation follows a two-stage structure: Stage 1 focuses on operational field testing, while Stage 2 will lead to commercial deployment if Stage 1 results are successful [3][4]. Group 2: Operational Environment - Ukraine is identified as a highly advanced operational environment for drone technology, where GPS jamming and spoofing are common, necessitating reliable navigation and targeting solutions [5]. - In such contested environments, operators often resort to tethered systems for navigation, which limits operational capabilities [6]. Group 3: Technology Advantages - SPARC AI's platform utilizes an AI correction engine that enhances the accuracy of existing drone sensors without requiring additional hardware, enabling untethered flight and precise targeting [7]. - The technology allows drones to operate effectively in GPS-denied conditions, addressing a critical challenge in modern autonomous systems [12]. Group 4: Strategic Significance - The partnership represents a significant milestone for SPARC AI, providing operational validation in a challenging environment and establishing credibility with allied defense organizations [8]. - Real-world data from operations in Ukraine will enhance SPARC AI's product development, making its offerings more marketable [9]. Group 5: Regulatory Compliance - The company will seek necessary regulatory and export control approvals before any commercial sale or technology transfer to Ukraine, ensuring compliance with applicable laws [10].
Critical Infrastructure Technologies Ltd. Executes an Memorandum of Understand (MOU) with Terma A/S
Thenewswire· 2026-02-25 14:00
Core Viewpoint - Critical Infrastructure Technologies Ltd. (CiTech) has signed a Memorandum of Understanding (MOU) with Terma A/S to explore collaboration in integrating radar systems into CiTech's autonomous communications platform for defense and security applications [1][2]. Group 1: MOU Details - The MOU establishes a non-exclusive framework for cooperation between CiTech and Terma, focusing on integrating Terma's radar systems into CiTech's Nexus platform [2]. - The agreement aims to identify commercial opportunities, assess technical feasibility, and collaborate on demonstrations for European defense and security stakeholders [3][4]. Group 2: Areas of Collaboration - Planned demonstrations will showcase the combined capabilities of Terma's radar technology and CiTech's communications platform, targeting defense and security operations in challenging environments [3]. - The collaboration includes exploring commercial opportunities and operational use cases, assessing the feasibility of integration, and preparing for joint demonstrations at key European defense exhibitions [6]. Group 3: Company Backgrounds - Terma A/S, founded in 1949, specializes in mission-critical products for defense, aerospace, and security, with a global presence [7]. - CiTech, listed on the CSE and based in Perth, Australia, focuses on developing autonomous, high-capacity communication technologies for sectors such as mining, defense, and emergency services [9].
Western Star Resources Closes Over $3,000,000 in Over Subscribed Private Placement
Thenewswire· 2026-02-25 13:00
February 25, 2026 – TheNewswire - Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (the “Company” or “Western Star”) announces that, further to its news release of February 17, 2026, it has closed its non-brokered private placement and raised $3,046,089 through the issuance of 20,307,254 units (the “Units”) at a price of $0.15 per Unit. Each Unit is comprised of one common share and one share purchase warrant (a “Warrant”) with each Warrant entitling the holder to purchase one common share at a price ...
First Canadian Graphite Exhibiting At PDAC.
Thenewswire· 2026-02-25 13:00
February 25, 2026 – TheNewswire - Vancouver, BC – First Canadian Graphite (TSXV: FCI | OTC: GBMIF | FRANKFURT: BRO2) is pleased to announce that it will be exhibiting at the Prospectors & Developers Association of Canada (PDAC) 2026 Convention, the world’s premier mineral exploration and mining event. Our booth # is 3019 in the Investors Exchange.The Company will be located at Booth #3019 in the Investors Exchange, in our new location, where representatives will be available throughout the convention to m ...
VanadiumCorp Initiates Staged Technical Program Toward NI 43-101 Report for Lac Laura Gold-Copper Property
Thenewswire· 2026-02-25 13:00
Vancouver, British Columbia – TheNewswire – Feb. 25, 2026 – VanadiumCorp Resource Inc. (TSX-V: VRB | FSE: NWNA | OTC: VRBFF) (“VanadiumCorp” or the “Company”) is pleased to provide an update on its ongoing evaluation of the Lac Laura Property, located in Lévy Township near Chapais, Québec. Further to the Company’s news release dated October 20, 2025, VanadiumCorp confirms that it is advancing the selection of independent qualified geological and engineering consultants to support the preparation of a tech ...
Mithril Lidar Study Reveals 1.5 Km Trend And Historic Mines At La Dura Gold-Silver Project, Durango, Mexico
Thenewswire· 2026-02-25 12:30
Melbourne, Australia and Vancouver, Canada – February 25, 2026 – TheNewswire - Mithril Silver and Gold Limited ("Mithril” or the "Company") (TSXV: MSG) (ASX: MTH) (OTCQB: MTIRF) is pleased to provide details of continued exploration progress at Mithril’s Copalquin and La Dura properties, Durango State, Mexico.A LiDAR survey has been completed over the Company’s full 21km2 of mining concessions that cover the La Dura gold-silver district in Durango State, Mexico.The LiDAR survey has provided high-resolution ...
CHARBONE Confirms New UHP Hydrogen Orders and its First UHP Oxygen Order in the United States
Thenewswire· 2026-02-25 12:25
Brossard, Quebec, February 25, 2026 – TheNewswire - CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a North American producer and distributor specializing in clean Ultra High Purity (“UHP”) hydrogen and strategic industrial gases, is pleased to announce that, further to its press release dated January 14, 2026, the Company has secured additional orders from an existing U.S. customer based in New York State.The customer has placed new orders for clean UHP hydrogen, pro ...