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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
Core Insights - SuperQ Quantum Computing Inc. has entered a strategic partnership with ArcTech Accelerate to enhance its position in Canada's defence and government procurement markets [1][3][5] - The collaboration will leverage ArcTech's expertise in federal procurement and its successful track record in helping Canadian SMEs secure over $100 million in funding and contract opportunities [4][7] - The partnership aims to integrate SuperQ's quantum computing capabilities into national defence programs, thereby accelerating its access to defence-related contracts and government revenue streams [6][8] Company Overview - SuperQ Quantum Computing Inc. is a leader in quantum and supercomputing, focusing on providing advanced computational solutions to global organizations [10][11] - The company's flagship Super™ platform aims to make quantum computing accessible and impactful for various sectors, including finance, healthcare, and defense [11] - SuperQ is strategically expanding its presence internationally, particularly in the US, Middle East, and Asia [11] Partnership Details - The partnership will be led by Daniel Martimbeault from ArcTech, who has extensive experience in Canada's defence procurement ecosystem [2][5] - ArcTech has a history of enabling Canadian companies to engage with Tier-1 prime contractors, facilitating long-term supplier roles and growth opportunities [5][7] - The collaboration is expected to enhance SuperQ's credibility and access to prime contractors and federal agencies, positioning it as a trusted partner in national programs [5][6] Financial Arrangement - SuperQ has reached an agreement to settle outstanding debt of $165,375 through the issuance of 137,812 common shares at a price of $1.20 per share [8]
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]
Vanguard Mining Announces Closing of Oversubscribed Private Placement of Flow-Through Units to Advance Critical Mineral Asset Portfolio
Thenewswire· 2025-08-27 23:50
Core Points - Vanguard Mining Corp. has successfully closed a non-brokered private placement of 2,933,267 flow-through units at a price of $0.15 per unit, resulting in gross proceeds of $439,990.05 [1] - Each flow-through unit consists of one common share and one-half of a common share purchase warrant, with the warrants exercisable at $0.22 for 18 months [1] - The proceeds from the offering will be used for exploration expenditures on resource claims in British Columbia, qualifying as "Canadian exploration expenses" [3] Company Insights - David Greenway, CEO of Vanguard, expressed optimism about the financing and the company's position to unlock significant value through its uranium and critical mineral projects [2] - The company is focused on the discovery and development of high-value strategic minerals, particularly uranium, in the U.S. and Paraguay [5] - Vanguard is committed to responsible exploration and aims to advance its highly prospective uranium properties [5]
Pambili Closes First Tranche Of C$1-Million Private Placement
Thenewswire· 2025-08-27 18:20
Core Viewpoint - Pambili Natural Resources Corporation has secured C$138,500 as the first tranche of a C$1-million non-brokered private placement, aimed at supporting its operations and financial reporting requirements [1][4]. Funding Details - The first tranche consists of 2,770,000 Units, each priced at C$0.05, which includes one common share and one warrant with an exercise price of C$0.10, valid for one year [2][3]. - The total proceeds from the tranche will be allocated to various expenses, including C$90,000 for audit fees, C$15,000 for accounting fees, C$15,000 for legal fees, C$8,500 for filing fees, and C$10,000 for general and administrative costs [4]. Regulatory Context - The company is currently under a Failure to File Cease Trade Order (FFCTO) issued by the Alberta Securities Commission, and it has applied for a partial revocation to facilitate the closing of the tranche [2][4]. - The completion of the offering is contingent upon the approval from the Alberta Securities Commission and the TSX Venture Exchange [2][4]. Management Commentary - The CEO of Pambili expressed optimism regarding the company's gold projects in Zimbabwe, highlighting the potential for growth in the current high gold price environment [5].