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Herbal Dispatch Announces Update to Equity Private Placement
Thenewswire· 2025-09-03 11:30
Core Viewpoint - Herbal Dispatch Inc. is conducting a non-brokered private placement aiming to raise up to $1,000,000, with strong interest potentially leading to an oversubscription of up to $2,000,000 [1][2]. Group 1: Private Placement Details - The company plans to issue up to 20,000,000 units at a price of $0.05 per unit, with gross proceeds expected to reach $1,000,000 [1]. - Due to high demand, the private placement may be oversubscribed, allowing for the issuance of up to 40,000,000 units for gross proceeds of up to $2,000,000, which has been approved by the Canadian Securities Exchange [2]. - The closing of the private placement is anticipated to occur around September 19, 2025 [2]. Group 2: Use of Proceeds - Proceeds from the private placement and any oversubscription will be allocated for working capital, including inventory purchases to support export sales growth, supplier payments, and upcoming principal loan payments [3]. Group 3: Company Overview - Herbal Dispatch Inc. operates leading cannabis e-commerce platforms, focusing on providing high-quality cannabis products at affordable prices [4]. - The company's flagship marketplace, herbaldispatch.com, offers exclusive access to small-batch craft cannabis and a variety of product formats [4].
Giant Mining Expands New Copper Discovery at Majuba Hill Copper-Silver-Gold Project, Nevada with AI-Driven Drill Program as Phase 2 Exploration Begins
Thenewswire· 2025-09-03 07:05
Core Insights - Giant Mining Corp. has launched its 2025 Phase 2 Exploration Program at the Majuba Hill Copper-Silver-Gold Project in Nevada, building on the success of Phase 1 [1][2] - The project is strategically positioned to support the U.S. transition to a sustainable future, as copper is essential for electrification and renewable energy [3] Exploration Program Highlights - The Phase 2 program utilizes a porphyry-driven, magmatic-hydrothermal breccia model to explore the district-scale potential of Majuba Hill [2] - Key exploration targets include the Southern Breccia Zone, Northern Breccia Zone, and Ball Park Breccia, with new soil samples being collected to enhance geochemical characterization [3] Drilling Results - The final assay results from the Phase 1 diamond drilling program confirmed the effectiveness of the AI-driven targeting strategy, particularly in identifying high-potential breccia zones [5] - Core hole MHB-36, completed to a depth of 1,100 feet (335.3 meters), intersected multiple intervals of copper mineralization, with significant values including 1.5 feet (0.5 m) at 1.21% Cu [10][12] Project Characteristics - Majuba Hill is located in a top-ranked mining jurisdiction in Nevada, covering 9,684 acres and benefiting from existing infrastructure, which provides cost advantages [13] - The project has a history of production and shows indications of a potentially large mineralized body, with significant expansion potential [13] Market Engagement - Giant Mining has engaged InteractiveOffers LLC for a comprehensive investor relations program to enhance transparency and engagement with the investment community [18][19] - The initiative aims to broaden awareness of the company's strategic growth initiatives and corporate milestones [20]
Viva Gold Announces Stock Option Grant
Thenewswire· 2025-09-03 00:00
Core Points - Viva Gold Corp has granted a total of 3,250,000 stock options to directors, officers, and consultants, with an exercise price of C$0.12 per share and a three-year expiration period [1] - The vesting schedule includes 50% of the options vesting immediately, and the remaining options vesting 25% at the one-year and two-year anniversaries [1] - The company holds 100% of the Tonopah gold project, which has a measured and indicated mineral gold resource of 394,000 ounces at 0.78 grams/tonne, and an inferred resource of 206,000 ounces at 0.87 grams/tonne [2] - Additional drilling of almost 4,000 meters is planned for 2022, with positive results expected to enhance the resource base [2] - The Tonopah project benefits from excellent infrastructure, including paved road access, nearby water, and grid electric power [2] - Viva Gold is focused on advancing its environmental, social, and technical baseline studies to support future permitting requirements for the Tonopah project [2] - The company trades on the TSX Venture exchange under the symbol "VAU" and has 123.2 million shares outstanding [3]
Issue of Options under Employee Incentive Securities Plan
Thenewswire· 2025-09-02 23:50
Core Points - Mithril Silver and Gold Limited has issued 4,180,000 Options to key management, employees, and consultants under its Employee Incentive Securities Plan approved by shareholders at the November 2024 AGM [1][3] - Subject to shareholder approval at the 2025 AGM, the Company plans to issue an additional 5,200,000 Options to Directors and other key employees and contractors who are related parties [2] - The Options have an exercise price of $1.07 AUD per Option, which is a 50% premium to the closing price of the Company's shares on ASX on 1 September 2025, and an expiry date of 1 September 2028 [3] Company Strategy - The Employee Incentive Securities Plan aims to attract and retain key staff, linking their rewards to the achievement of strategic goals and the long-term performance of the Company [3][6] - The Plan aligns the financial interests of participants with those of shareholders, providing incentives for superior performance that creates shareholder value [6]
Hammond Manufacturing Company Limited Announces Departure of CFO on August 22, 2025
Thenewswire· 2025-09-02 13:30
Company Overview - Hammond Manufacturing Company Limited produces a wide range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors, and electronic transformers [2]. Management Changes - The CFO Mike Hobbs left Hammond on August 22, 2025, and an executive search is currently underway to find a permanent successor [1]. - In the interim, Alex Stirling, the Executive VP who previously held the CFO role, will take on the responsibilities of CFO to ensure continuity in financial operations [1].
Majestic Gold Corp. Declares Dividend
Thenewswire· 2025-09-02 13:30
Core Viewpoint - Majestic Gold Corp. has declared a dividend of CAD$0.0072 per common share, totaling approximately CAD$7.5 million, reflecting the company's commitment to returning value to shareholders while maintaining a strong balance sheet [1][2]. Dividend Announcement - The dividend will be distributed on October 9, 2025, to shareholders of record as of September 16, 2025 [1]. - Based on the closing price of CAD$0.14, the cash dividend represents an estimated yield of approximately 5.14% [2]. Tax Implications - The dividend is designated as an "eligible dividend" for Canadian income tax purposes, with non-resident shareholders generally subject to withholding tax unless reduced by applicable tax treaties [3]. Company Overview - Majestic Gold Corp. is a low-cost junior gold producer engaged in commercial gold production at the Songjiagou Gold Mine in eastern Shandong Province, China [4].
First Canadian Graphite Inc. Corporate Update
Thenewswire· 2025-09-02 12:00
Core Insights - First Canadian Graphite Inc. is positioning itself as a key player in the North American graphite market, focusing on domestic supply to support the clean energy transition [3][18] - The company has a strong resource base with a NI 43-101 mineral resource estimate of 3.2 million tonnes of indicated and inferred graphite at an average grade of 17%, making it one of the highest-grade projects in North America [6][8] - The Berkwood Graphite Project is strategically located near Nouveau Monde Graphite's $3.6 billion NPV Uatnam Graphite Project, enhancing its significance in the region [6][18] Company Overview - First Canadian Graphite has a share structure of only 25.21 million shares outstanding, which reflects a grassroots startup appearance but indicates substantial value built over eight years [2][8] - The company is committed to ESG-focused development and aims to become a leading supplier of graphite in North America [18] - The management team has extensive experience in developing and operating mines globally, which strengthens the company's operational capabilities [9][12] Project Details - The Berkwood Graphite Project hosts large- to jumbo-flake graphite, which is highly sought after for lithium-ion battery anodes, with graphite making up nearly 30% of the mass in a typical electric vehicle battery [7][12] - The project has demonstrated the capability to produce graphite suitable for lithium-ion batteries, validating its end-use potential [12] - The company has accumulated years of drill core data, which has facilitated the resource estimation process [2][6] Market Context - The demand for high-quality, ESG-compliant graphite is expected to grow significantly in North America, driven by the electrification of transportation and renewable energy technologies [3][6] - First Canadian Graphite's strategic focus on securing domestic supply positions it well to meet this increasing demand [3][18]
Armory Mining Corp. Engages ICP Securities Inc. for Automated Market Making Services
Thenewswire· 2025-09-02 11:30
Group 1 - Armory Mining Corp. has engaged ICP Securities Inc. for automated market making services, starting September 2, 2025, for an initial term of four months at a monthly fee of C$7,500 [1][2] - The agreement allows for automatic renewal on a monthly basis unless either party provides a 30-day written notice to terminate [1] - ICP will manage its own costs related to buying and selling the Company's shares, and no third-party funding will be involved in these market-making activities [2] Group 2 - Armory Mining Corp. focuses on minerals critical to energy, security, and defense sectors, controlling an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in the Riley Creek antimony-gold project in British Columbia [5] - The Company also has an option to acquire a 100% interest in the Ammo antimony-gold project located in Nova Scotia [5] Group 3 - ICP Securities Inc. is a Toronto-based CIRO dealer-member established in 2023, specializing in automated market making and liquidity provision with a proprietary algorithm, ICP Premium™, to enhance liquidity [4]
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].