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Giant Mining Applauds Trump and White House Move to Bolster U.S. Copper; Majuba Hill Poised to Benefit
Thenewswire· 2025-10-28 07:05
Core Viewpoint - Giant Mining Corp. supports the White House's proclamation aimed at providing regulatory relief to U.S. copper smelting facilities, which is seen as a step to enhance American mineral security and reduce dependence on foreign processing [1][6]. Regulatory Relief - The proclamation extends compliance timelines by two years for specific stationary sources, which helps preserve critical U.S. copper processing capacity amid rising strategic demand [4]. - The White House's action is intended to avoid near-term disruptions at designated U.S. smelters while maintaining environmental oversight [6]. Company Position - The CEO of Giant Mining emphasizes the importance of American copper and supports policies that responsibly advance domestic copper supply [5]. - The company is committed to responsible resource development to ensure long-term U.S. mineral independence and applies best practices in exploration and environmental management [7]. Project Overview - Giant Mining's flagship asset is the Majuba Hill Copper-Silver-Gold Project located in Nevada, which is recognized as a mining-friendly jurisdiction [10]. - The project spans 9,684 acres and is well-supported by existing infrastructure, providing significant cost advantages [7]. - Historical production and extensive drilling (approximately 89,395 feet) indicate the project's potential, with a replacement value of drilling estimated at USD 12.1 million [7]. Market Demand - The growing global demand for critical metals, driven by initiatives like the Green New Deal, necessitates substantial amounts of copper, silver, and gold for electric vehicles and renewable energy infrastructure [8].
Wedgemount Proposes Interest Settlement and Plans Private Placement
Thenewswire· 2025-10-27 22:25
Core Points - Wedgemount Resources Corp. has proposed to settle outstanding interest of $129,950 owed to holders of its $2,599,000 10% unsecured convertible debentures through the issuance of 2,599,000 common shares at a deemed price of $0.05 per share [1][2] - The company also has the option to settle the scheduled February 25, 2026 interest payment of $129,950 in shares, contingent upon market conditions at the time of payment [3] - Debenture holders with a principal amount of $1,832,000 have agreed to the settlement proposal, pending acceptance by the Canadian Securities Exchange [4] Private Placement - The company plans to conduct a non-brokered private placement of up to 10,000,000 units at CAD$0.05 per unit, aiming for gross proceeds of up to CAD$500,000 [5] - Each unit consists of one common share and one half of a non-transferable common share purchase warrant, with each whole warrant allowing the purchase of one common share at CAD$0.12 for two years [5] - The net proceeds from the offering will be used for general working capital purposes, and all securities issued will be subject to a hold period of 4 months and 1 day after issuance [5] Company Overview - Wedgemount Resources is a junior natural resource company focused on maximizing shareholder value through the acquisition, development, and exploitation of oil and gas projects in Texas, USA [6]
Uniserve Communications Corporation Announces Availability of AGM Meeting and Voting Materials due to Canadian Mail Strike
Thenewswire· 2025-10-27 18:15
Core Viewpoint - Uniserve Communications Corporation is preparing for its annual general meeting on November 24, 2025, amid a Canada Post labour strike, which has affected the delivery of meeting materials [1][7]. Group 1: Meeting Details - The annual general meeting will take place at Nita Lake Lodge, Whistler, British Columbia, at 1:30 PM local time [1]. - Shareholders are encouraged to access meeting materials electronically and vote online [2]. - Registered shareholders can request a control number from Computershare to vote online or by phone [2][3]. Group 2: Agenda Items - The meeting will cover several key agenda items, including: 1. Review of the directors' report and the consolidated financial statements for the fiscal period ending May 31, 2025 [5]. 2. Determination of the number of directors to be elected [5]. 3. Election of directors for the upcoming year [5]. 4. Appointment of auditors and authorization for directors to fix their remuneration [5]. 5. Confirmation and re-approval of the Company's Stock Option Plan [5]. 6. Transaction of any other business that may properly come before the meeting [5]. Group 3: Voting and Proxies - Shareholders' votes must be received by 1:30 PM Pacific Daylight Time on November 20, 2025 [6]. - Beneficial shareholders should contact their brokers to obtain voting instructions [4]. Group 4: Company Overview - Uniserve Communications Corporation provides IT solutions, including Data Centre Solutions, Managed IT Services, and Business Internet, with offices in Vancouver, Calgary, and Waterloo [8]. - The company focuses on delivering secure, reliable, and scalable services to support client operations [8].
Argenta Silver Validates Yaxtche Deposit Continuity
Thenewswire· 2025-10-27 17:15
Core Viewpoint - Argenta Silver has announced promising assay results from its El Quevar Project, indicating high-grade silver mineralization and plans for an extensive drilling program to further explore and expand resources [1][3][6]. Company Overview - Argenta Silver acquired the El Quevar project for USD 3.5 million in October 2024, following the previous operator's asset sales due to liquidity issues [2]. - The company currently has a market capitalization of CND $169 million [2]. - Year-to-date, silver prices have increased by 62%, rising from USD $29 per ounce to USD $47 per ounce [2]. - Argenta's share price has surged by 310% over the past year, from USD $0.21 to USD $0.65 [2]. Recent Developments - The latest assay results confirm high-grade silver intervals, including 694 g/t over 2.1 meters at the Yaxtché Deposit and 204 g/t over 2.00 meters at the Mani exploration target [3][12]. - The company is fully funded with a treasury of C$23 million and is set to commence the 2025–2026 Drill Program at El Quevar [5][18]. - The upcoming drilling campaign aims to cover 12,000 to 15,000 meters and is scheduled to start on November 1, 2025 [18]. Drilling Objectives - The 2025 Winter Drilling Program had three main objectives: confirming known high-grade zones, stepping out along strike, and testing new targets [9]. - Historical drilling has primarily focused on the resource area, with only 3% of the property explored, indicating significant potential for new discoveries [20]. Exploration Insights - Recent drilling has confirmed the presence of multiple silver and gold mineralization intervals, enhancing the geological model for the Yaxtché Deposit [10][11]. - The exploration drillhole QVD-418 has shown anomalous silver results, suggesting mineralization extends to new targets [11]. - The company plans to allocate 40% of capital to resource expansion and 60% to aggressive exploration outside the known resource area [21][20]. Industry Context - The El Quevar project is located in Salta Province, Argentina, which was voted as Latin America's top mining jurisdiction by The Fraser Institute in 2024 [15]. - The provincial government has initiated a Sustainable Mining Development Plan for 2030, aimed at enhancing infrastructure and supporting the mining industry [16].
SPARC AI Integrates into QgroundControl, Unlocking GPS-Denied Target Intelligence for Millions of Drones
Thenewswire· 2025-10-27 13:30
Core Insights - SPARC AI Inc. has integrated its Overwatch Target Intelligence Platform into QGroundControl, enhancing its capabilities in the drone operating systems PX4 and ArduPilot [1][3] - The integration positions SPARC AI at the center of a significant unmanned ecosystem, allowing devices to operate as target acquisition systems without GPS [3][5] - The company plans to launch its version of QGroundControl with built-in Overwatch in November, targeting developers, operators, and manufacturers [3] - SPARC AI will adopt a per-device subscription model, which is expected to generate scalable, high-margin recurring revenue [4] Industry Context - PX4 and ArduPilot are leading open-source drone operating systems, supported by over 30,000 developers and contributors, and have enabled more than one million drones globally [2] - The combined projects driven by PX4 and ArduPilot are valued at over US$1 billion [2] - The integration of Overwatch into QGroundControl is seen as a significant advancement in drone technology, facilitating seamless connectivity for various drone and robotic systems [5][6]
New Age Metals Receives Exchange Approval for Bonanza Gold Project, Kenora Gold District, Ontario
Thenewswire· 2025-10-27 13:15
Core Viewpoint - New Age Metals Inc. has received approval for the Bonanza Gold Project, which consists of 114 mining claims and 1 patented mining claim totaling 2,191 hectares, located approximately 25 km southeast of Kenora, Ontario. The company aims to leverage modern exploration techniques to unlock significant value in the under-explored Kenora Mining District [1][4][26]. Financial Summary - The company is issuing 302,298 common shares at a deemed price of $0.4135 per share and making a cash payment of $40,000 to the partners involved in the project. Future share payments will be based on the 10-day trading average of NAM shares, with a minimum price of $0.2475 per share [2][3]. - Contingent milestone payments of $250,000 will be made upon the completion of an NI 43-101 compliant Mineral Resource Report outlining over one million ounces of gold, with an additional $250,000 for exceeding 2.5 million ounces [2]. Project Highlights - The Bonanza Gold Project has multiple high-grade mineral occurrences, with surface assays showing values up to 127 g/t Au. The project is drill-ready with three-year permits in place and excellent infrastructure, including road access and provincial grid power lines [6][12][26]. - The Kenora Gold District is recognized for its high-grade Archean lode-gold deposits and has been a significant area for mineral exploration for over a century, supported by established infrastructure and a skilled workforce [11][28]. Exploration and Development Plans - The technical team is currently conducting a second phase of work on the Bonanza Project, with fieldwork expected to conclude by the end of the month. Assays will be sent to the lab, and a comprehensive digital data compilation is underway [8][9]. - The company is actively seeking to expand its project portfolio and has a long-term goal of assembling a district-scale gold asset in Kenora to attract major gold producers [4][7]. Market Context - The gold price and demand are at historic highs, providing a favorable environment for exploration and development in the junior mining sector. The company believes that the current market conditions present a significant opportunity for growth [4][11]. - The response to recent private placements indicates renewed investor interest in the junior mining industry, with the company successfully upsizing its private placement to $4 million [11].
Generation Uranium Provides Clarification On Closing Of Second And Final Tranche Of Private Placement
Thenewswire· 2025-10-24 22:00
Core Points - Generation Uranium Inc. has clarified its previous announcement regarding the closing of the second and final tranche of its non-brokered private placement [1] - The total Offering raised aggregate gross proceeds of $687,500 by issuing 13,750,000 units at a price of $0.05 per unit [3] Offering Details - The first tranche included a finder's fee of $1,200 and 24,000 broker warrants paid to Haywood Securities Inc. [2] - For the second tranche, a finder's fee of $4,400 and 176,000 broker warrants were paid to Ventum Financial Corp. [2] - Each broker warrant is exercisable into one common share at a price of $0.10 per share, expiring two years from issuance [2] Use of Proceeds - Proceeds from the Offering will be allocated for general working capital and corporate purposes [4] Company Overview - Generation Uranium is a Canadian resource exploration company focused on uranium, advancing its 100% owned Yath uranium project located in Nunavut's Angilak district [5] - The company is positioned to contribute to the future supply of clean nuclear energy through its exploration targets and proven uranium-bearing corridors [5]
Plaid Closes the First Tranche of Non-Brokered Private Placement
Thenewswire· 2025-10-24 21:05
Core Points - Plaid Technologies Inc. has successfully closed the first tranche of its non-brokered private placement, issuing 680,800 common shares at a price of $1.25 per share, resulting in gross proceeds of $851,000 [1][2] Group 1: Offering Details - The first tranche of the Offering does not involve any finder's fees and is subject to a statutory hold period of four months and one day, expiring on February 25, 2026 [2] - The Company plans to complete the remaining balance of the Offering in the near future [2] Group 2: Use of Proceeds - The net proceeds from the Offering will be used to supplement previously disclosed funding needs, providing additional working capital and extending the runway for technology development, sales, marketing, and potential graphene inventory purchases [3] Group 3: Company Overview - Plaid Technologies focuses on developing and commercializing graphene-enhanced technology, particularly a proprietary graphene-infused concrete mixture aimed at wellbore cement and subsurface applications [5]
Beauce Gold Fields Closing A Non-Brokered Private Placement
Thenewswire· 2025-10-24 20:30
Core Viewpoint - Beauce Gold Fields is closing a non-brokered private placement of 19,132,600 units at a price of $0.04 per unit, raising gross proceeds of $765,304, aimed at financing exploration and general corporate purposes [1][2]. Group 1: Private Placement Details - The private placement was announced on September 17, 2025, and was open to existing shareholders as of September 16, 2025, with subscriptions exceeding the required minimum [1]. - Existing shareholders contributed $376,304, while accredited investors accounted for the remaining $389,000 [1]. - Each unit consists of one common share and one common share purchase warrant, allowing the holder to purchase one common share at $0.10 for 24 months post-closing [2]. Group 2: Use of Proceeds - Proceeds from the placement will be allocated for exploration and general corporate purposes, with a maximum of 10% designated for investor relations activities [4]. - No proceeds will be used for payments to non-arm's length parties or for investor relations activities [4]. Group 3: Finder's Fees and Warrants - The company will pay finder’s fees of $800 to Canaccord Genuity Corp and $51,300 to EMD Financial Inc, along with issuing 16,000 and 1,026,000 warrants to these firms, respectively [3]. - The warrants will also allow the purchase of common shares at $0.10 for 24 months, subject to a four-month and one-day hold period [3]. Group 4: Company Overview - Beauce Gold Fields focuses on exploring and developing the largest placer gold district in eastern North America, with its flagship property being the Saint-Simon-les-Mines gold project [5]. - The company aims to trace old placer gold workings back to a bedrock source to uncover economic lode gold deposits [5]. - The Beauce region has a historical significance in gold mining, having produced some of the largest gold nuggets in Canadian history [5].
IDEX Metals Announces Closing of Non-Brokered Private Placement of Units
Thenewswire· 2025-10-24 20:05
Core Viewpoint - IDEX Metals Corp. has successfully closed a non-brokered private placement offering, raising approximately $5.32 million through the issuance of 8,867,099 units at a price of $0.60 per unit, which reflects strong investor demand and confidence in the company's exploration efforts in Idaho [1][2]. Group 1: Offering Details - The offering consisted of 8,867,099 units priced at $0.60 each, generating gross proceeds of about $5,320,259 [1]. - Each unit includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.90 for 24 months [2]. - Finder's fees of $204,418.20 were paid, and 511,030 finder's warrants were issued under similar terms as the offering warrants [3]. Group 2: Use of Proceeds - The proceeds from the offering will be allocated for exploration of mineral properties in Idaho and for general working capital [4]. Group 3: Company Overview - IDEX Metals Corp. is focused on advancing a portfolio of base and precious metal projects in Idaho, particularly the Freeze Copper-Gold porphyry prospect in the Idaho Copper District [7]. - The company aims to redefine district-scale exploration in Idaho, supported by a strategic land position and proximity to major industry players [7].