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Hyper Bit Announces Convertible Debenture Financing to Order up to 100 Next Gen Elphapex DG2 Crypto Miners and the Arrival of Initial 20 DG1+ Miners at Quebec Facility
Thenewswire· 2025-09-02 06:05
Core Viewpoint - Hyper Bit Technologies Ltd. is planning a non-brokered private placement of unsecured convertible debentures totaling up to $521,525, while canceling a previous loan agreement of $453,500 [1][2]. Group 1: Offering Details - The debentures will be non-interest bearing and issued at a 15% original issue discount, maturing three months from issuance [2]. - The principal amount can be converted into units at a price of $0.30 per unit, at the holder's option, before the maturity date [2]. - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at $0.40 for 36 months [3]. Group 2: Use of Proceeds - Proceeds from the offering will be used to facilitate an order of up to 75 additional ElphaPex DG2 miners, bringing the total to 100 miners [3]. Group 3: Company Operations - The initial order of 20 ElphaPex DG1+ miners has arrived at the Quebec facility, with installation and optimization for mining Dogecoin and Litecoin expected to commence shortly [6][7]. - The ElphaPex DG2 miners are noted for their high efficiency, with a maximum hash rate of 18 GH/s and power consumption of 3960W, resulting in a power efficiency of 0.22j/Mh [7]. Group 4: Company Overview - Hyper Bit Technologies Ltd. specializes in crypto mining operations and blockchain innovations, aiming to unlock value in the crypto ecosystem amid rising global interest in digital assets [10].
Pioneering Technology Reports 2025 Q3 Financial Results
Thenewswire· 2025-08-29 23:00
Core Viewpoint - Pioneering Technology Corp. reported its unaudited financial results for the three and nine months ended June 30, 2025, indicating a flat revenue performance with improved gross profit, while facing challenges from potential tariffs on Chinese goods [1][4]. Financial Performance Summary - Revenue for Q3 2025 was $841,403, a decrease from $890,214 in Q3 2024 [3][5]. - Revenue for the first nine months of fiscal 2025 was $1,962,036, down from $2,067,475 in the same period of fiscal 2024 [3][5]. - Gross profit for the first nine months of fiscal 2025 was $1,016,237, with a gross margin of 52%, compared to $1,024,103 and 50% in the same period of fiscal 2024 [3][5]. - Total expenses for the first nine months of fiscal 2025 decreased to $1,365,376 from $1,674,167 in the same period of fiscal 2024 [3][5]. - Net loss for Q3 2025 was $(86,927), an improvement from $(131,640) in Q3 2024 [3][5]. - Net loss for the nine months was $(374,344), compared to $(691,841) a year ago [3][5]. - Adjusted EBITDA for the first nine months was $(266,601), an improvement from $(518,773) during the same period last year [3][5]. Company Overview - Pioneering Technology Corp. is a leader in cooking fire prevention technologies in North America, focusing on innovative solutions to reduce the risk of cooking fires, which are the leading cause of household fires [6]. - The company’s patented technologies, such as temperature limiting control (TLC), are installed in over 450,000 multi-residential housing units across North America, contributing to a significant reduction in cooking fires [6].
Generations Application for Management Cease Trade Order as Part of the 2025 Audit Filing Process Approved
Thenewswire· 2025-08-29 22:00
Core Viewpoint - Generation Uranium Inc. is experiencing delays in filing its annual audited financial statements for the year ended April 30, 2025, due to a recent CFO transition and the need for additional time to complete audit procedures [1][3]. Group 1: Financial Reporting - The company has provided draft financial statements to its auditor and is working diligently towards the completion and filing of the annual audited financial statements [1]. - The audited financial statements and related management's discussion and analysis were due by August 28, 2025, but the delay is attributed to the CFO transition [3]. - The company will issue bi-weekly default status reports until it meets the required filing requirements [4]. Group 2: Management Cease Trade Order - In light of the anticipated delays, the company applied for a management cease trade order (MCTO) which was issued on August 28, 2025, restricting trading by the CEO and CFO [2]. - The MCTO does not affect trading by individuals who are not directors, officers, or insiders of the company [2]. Group 3: Company Overview - Generation Uranium is a natural resource company focused on the exploration and development of mineral properties, holding a 100% interest in the Yath Uranium Project located in Nunavut [5].
Arizona Gold & Silver Announces Over-Allotment to Oversubscribed Private Placement
Thenewswire· 2025-08-29 21:00
Group 1 - Arizona Gold & Silver Inc. has increased its non-brokered private placement from 3,333,333 units to 6,666,666 units due to investor demand, with total proceeds amounting to CAD$2,000,000 [1][2] - Each unit in the private placement consists of one common share and one transferable share purchase warrant, with the warrants allowing the purchase of additional common shares at an exercise price of CAD$0.40 for 36 months [1][2] - The net proceeds from the private placement will be allocated for project exploration and general working capital purposes [2] Group 2 - All securities issued under the private placement will be subject to a hold period of four months and one day from the closing date, and the company may pay finders' fees in cash or warrants, subject to regulatory approval [2] - Arizona Gold is focused on exploring gold-silver properties in western Arizona and Nevada, with its flagship asset being the Philadelphia gold-silver property [3]
Scandium Canada Announces a Private Placement of $500,000
Thenewswire· 2025-08-29 20:30
Core Viewpoint - Scandium Canada Ltd. plans to complete a non-brokered private placement to raise $500,000 through the issuance of 20,000,000 units at a price of $0.025 per unit, each unit consisting of one common share and one warrant [1][2]. Group 1: Offering Details - The offering will consist of 20,000,000 units priced at $0.025 each, with each unit including one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.05 for a period of 24 months from issuance [1]. - The net proceeds will primarily be used for general corporate working capital, with no specific use exceeding 10% of the gross proceeds [2]. Group 2: Regulatory and Compliance Information - The securities issued will be subject to a hold period of four months and one day under Canadian securities laws and the policies of the TSX Venture Exchange [3]. - The offering is subject to the approval of the TSX Venture Exchange, with the closing expected around September 5, 2025 [3]. Group 3: Company Overview - Scandium Canada Ltd. aims to become a market leader in scandium production, focusing on the development of aluminum-scandium (Al-Sc) alloys [5]. - The company is leveraging its Crater Lake mining project to meet the increasing demand for high-performance materials that are lighter and more environmentally friendly [5].
[VIDEO ENHANCED] Ecolomondo Releases its Interim Consolidated Financial Statements for the Second Quarter of 2025
Thenewswire· 2025-08-29 13:00
Core Viewpoint - Ecolomondo Corporation has made significant advancements in its sustainable scrap tire recycling technology, particularly in the commercialization of its recovered Carbon Black (rCB) production, which is crucial for revenue generation [2][3][11]. Financial Performance - For the three-month period ended June 30, 2025, Ecolomondo reported revenues of $395,149, marking a 212% increase compared to the same period in 2024, primarily driven by sales of end-products and tipping fees [11]. - The company recorded a loss from operations of $1,042,497 for the quarter, compared to a loss of $443,418 in the same period of 2024 [11]. - A gain of $2,495,209 was recognized due to the modification of long-term debt agreements with Export Development Canada (EDC) [4][11]. Operational Developments - The company successfully installed and commissioned new milling equipment at the Hawkesbury plant, which is essential for ramping up rCB production [2]. - In July 2025, the main off-take client approved the quality of rCB produced, leading to five consecutive purchase orders for truckloads of 23-24 metric tons of rCB [3]. Strategic Initiatives - Ecolomondo is pursuing global expansion by engaging in discussions with strategic partners and planning to build additional TDP turnkey facilities [6]. - A definitive agreement was reached with ARESOL to construct four TDP facilities in the European Union, with the first facility planned for Valencia, Spain [6]. Capital and Funding - The company raised $1.5 million through two private placements during the second quarter of 2025 [4]. - Ecolomondo has secured temporary postponements on principal and interest payments for three loan agreements with EDC, enhancing its working capital position [4]. Environmental Impact - The TDP process employed by Ecolomondo is expected to reduce greenhouse gas emissions by 90% compared to the production of virgin carbon black, with significant CO2 reductions projected from both the Hawkesbury and Shamrock facilities [22]. Future Outlook - Ecolomondo aims to be a leading player in the cleantech sector and contribute to the global circular economy by producing and supplying recovered resources [13][16].
Hi-View to Acquire 1992 Placer Dome Porphry Target Adjacent to Centerra's Kemess Complex
Thenewswire· 2025-08-28 17:15
Core Viewpoint - Hi-View Resources Inc. has signed a definitive agreement to acquire the Borealis Project from Coast Copper Corp., expanding its land position in the Toodoggone District of British Columbia, which includes historically documented mineral occurrences [1][3]. Company Overview - Hi-View Resources Inc. is a mineral exploration company focused on gold, silver, and copper in northern British Columbia, with properties spanning 10,832.5 hectares, including the Golden Stranger Property and other claims [16]. Acquisition Details - The Borealis Project encompasses 9,106.06 hectares and includes three mineral occurrences: Firesteel, Bren, and Cas 3-9, located near the Kemess deposits [1][3]. - The acquisition allows Hi-View to obtain a 100% interest in the property without any work commitments, which is expected to unlock significant shareholder value [4]. Historical Data and Mineralization - Historical exploration at the Cas area revealed high-potential targets, including IP chargeability highs of up to 73 msec and geochemical signatures with soil samples showing up to 138 ppm Cu and 970 ppb Au [3][4]. - The Bren area has reported high-grade silver intervals, with drilling results showing up to 349.7 g/t Ag and 0.68 g/t Au over 0.09 m [5]. - The Firesteel area is characterized by mineralization in a replacement/skarn setting, with reported chip intervals of 11.5% Zn and 54.0 g/t Ag over 4.8 m [6]. Agreement Terms - Coast Copper will retain a 3% NSR royalty on the property, with Hi-View having the right to repurchase 1% for $2,500,000 and an additional 1% for $5,000,000 [9]. - Hi-View will make an initial non-refundable deposit of $50,000 for exploration expenditures, followed by a cash payment of $450,000 and the issuance of 3,500,000 shares upon closing [14]. Future Plans - Hi-View plans to review and potentially follow up on the identified anomalies with updated geophysical and drilling programs, subject to permitting and market conditions [8].
Harvest Gold Announces Mosseau Drill Program Update; Urban Barry Regional Till Program Completed
Thenewswire· 2025-08-28 17:10
Core Insights - Harvest Gold Corporation has commenced its diamond drill program at the Mosseau Gold Project, successfully completing the first five drill holes [1] - The drilling is focused on the northern part of the Mosseau property, which is characterized by historical gold showings and geological features that indicate strong potential for new discoveries [2] - The drill program is progressing on time and within budget, with effective collaboration from contractors ensuring efficient operations [3] Drilling Program Details - The northern mineralized corridor of the Mosseau property is a key focus area for the current drilling program, aimed at expanding known zones of mineralization [2] - Harvest Gold has completed its regional till sampling program ahead of schedule and under budget at the Urban-Barry property, which is intended to identify new geochemical vectors for potential gold mineralization [4] - A total of 137 till samples were collected from the planned 145, with most samples taken from depths of at least one meter to reach lodgment till, which is crucial for identifying gold mineralization [6][7] Company Overview - Harvest Gold Corporation is focused on exploring near-surface gold deposits and copper-gold porphyry deposits in stable mining jurisdictions, with a management team that has over 400 years of collective geological and financing experience [8] - The company has three active gold projects in the Urban-Barry area, covering a total of 20,016.87 hectares across 377 claims [9] - The Mosseau Gold Project is located in a region that straddles the Eeyou Istchee-James Bay and Abitibi territories, with a commitment to building positive relationships with local Indigenous communities [9][10]
SuperQ Quantum Partners with ArcTech Accelerate for Defence and Strategic Procurement Pathways in Canada
Thenewswire· 2025-08-28 12:00
Calgary, Canada and Ottawa, Canada – TheNewswire - August 28, 2025 - SuperQ Quantum Computing Inc. (“SuperQ Quantum”, “SuperQ”, or the “Company”) (CSE: QBTQ; Frankfurt: 25X; OTC: ATMGF) a global leader in quantum and supercomputing, is pleased to announce that it has entered into a strategic partnership with ArcTech Accelerate, Ottawa’s leading consultancy for federal procurement acceleration and Industrial and Technological Benefits (ITB) strategy. The collaboration will be spearheaded by Daniel Martimbeau ...
Prismo Metals Discovers Two Separate Mineralized Veins at Silver King
Thenewswire· 2025-08-28 07:30
Core Insights - Prismo Metals Inc. is advancing exploration work at the Silver King mine, identifying two previously undescribed veins with mineralogical characteristics similar to the existing deposit [1][2] - Preliminary analysis indicates the presence of lead, silver, copper, and zinc in the mineralization, with lab results expected soon [1][2] - The Silver King mine has historical significance, having produced nearly 6 million ounces of silver at grades up to 61 oz/t, with potential for high-grade mineralization remaining [12][21] Exploration Updates - The exploration program at Silver King is set to be completed in September, followed by a preliminary drilling program pending permit approval [6] - Initial work has included a property-wide survey and geochemical analysis around the Silver King deposit, which is strategically located near other significant deposits like the Resolution Copper project [4][14] Historical Context - The Silver King mine was discovered in 1875 and has a rich production history, with significant output occurring until 1928 [20][15] - Selected samples from the late 1990s indicated grades as high as 644 oz/t silver, suggesting that high-grade mineralization remains in the area [21][13] Strategic Positioning - The mine's location, only 3 km from the Resolution Copper project, offers strategic advantages and potential for further exploration [14][21] - The acquisition of the Silver King mine represents a rare opportunity for the company, given its proximity to other world-class deposits and the lack of modern exploration [7][6] Upcoming Events - Prismo will host a live webinar on September 3rd, where executives will discuss the company's exploration projects and answer audience questions [10][11]