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Red Canyon Announces Non-Brokered Charity Flow-Through Financing With Lead Order From Strategic Investor
Thenewswire· 2025-08-26 10:30
Core Points - Red Canyon Resources Ltd. announced a non-brokered private placement of Charity Flow-Through Common Shares to raise gross proceeds of up to C$2,200,000 [1] - The lead order for the offering comes from a multinational mining corporation, which will acquire a 9.9% equity interest through the purchase of approximately 6,000,000 common shares, raising about C$1,632,000 [2] - The issue price of C$0.272 per share represents a 94% premium to the last closing price on August 25, 2025 [3] Financial Details - The proceeds will be used for eligible "Canadian exploration expenses" related to the Kendal project and other projects in British Columbia, with a deadline for expenditure by December 31, 2026 [4] - The flow-through critical mineral mining expenditures will qualify for a federal 30% investment tax credit for eligible individual investors, and an additional 20% tax credit for those in British Columbia [4] Offering Timeline - The Charity FT Offering is expected to close on September 18, 2025, subject to regulatory approvals [5] - All securities issued will be subject to a statutory hold period of four months and one day [5] Project Insights - The Kendal copper project is located in British Columbia and has undergone its first drill program, revealing significant hydrothermal alteration and mineralization [7] - The Inzana project area shows potential for multiple copper-gold porphyry centers based on historic exploration results [9] - The Scraper Springs project in Nevada has outlined a potential tier one copper target through expanded geophysical studies [10] Company Overview - Red Canyon Resources is focused on exploring North America's top copper jurisdictions and aims to make impactful copper discoveries [11] - The company is part of the NewQuest Capital Group, which is involved in the incubation and financing of mineral projects [12]
VanadiumCorp Resource Closes Second Tranche of Financing
Thenewswire· 2025-08-25 22:30
Core Viewpoint - VanadiumCorp Resource Inc. has successfully closed a second tranche of its private placement financing, raising a total of $166,100 through the issuance of 1,510,000 units at $0.11 each, with plans to complete the financing by September 12, 2025 [1][2]. Financing Details - The financing consists of up to 4,545,455 units, each unit comprising one common share and one common share purchase warrant, with the warrants exercisable at $0.15 for two years from the date of issue [2]. - The second tranche includes two insiders subscribing for 960,000 units, totaling $105,600, qualifying as a related party transaction under MI 61-101 [3]. - The company is relying on exemptions from formal valuation requirements as the transaction's fair market value does not exceed 25% of the company's market capitalization [3]. Regulatory and Use of Proceeds - The financing is subject to final Exchange approval, and all securities issued will be under a four-month hold from the date of issue [4]. - Proceeds from the financing will be allocated for working capital and general corporate purposes [4]. Company Overview - VanadiumCorp is a Canadian critical metals exploration company that owns 100% of two strategic properties in Quebec: The Iron T and the flagship Lac Doré property [6]. - The company is advancing innovative technologies to extract vanadium-titanium and potentially high-grade iron from its vanadiferous titanomagnetite projects, aiming for a stable, long-term supply of critical metal deposits [6]. - The initial electrolyte facility in Val-des-Sources, Quebec, will evaluate output quality and facilitate initial electrolyte production, with plans to expand production for the international market, particularly for long-duration Vanadium Flow Batteries [6].
Wedgemount Resources Announces Missed Semi-Annual Convertible Debenture Interest Payment
Thenewswire· 2025-08-25 21:55
Core Points - Wedgemount Resources Corp. is unable to make the semi-annual interest payment of CAD$122,500 on its outstanding CAD$2.45 million, 10% Unsecured Convertible Debentures due in 2028 [1][2] - The missed payment is attributed to unexpected liquidity constraints caused by a shutdown of third-party gas gathering facilities and slower production growth at the Huggy leases, which negatively impacted revenues [2][3] - The CEO of Wedgemount expressed regret over the missed payment and acknowledged the concerns of Debenture holders, noting that the shutdowns forced the company to halt both oil and gas production [3] Company Overview - Wedgemount Resources is a junior oil and gas company focused on maximizing shareholder value through the acquisition, development, and exploitation of oil and gas projects in Texas, USA [4]
Armory Mining Closes Oversubscribed Private Placement
Thenewswire· 2025-08-25 21:05
Core Points - Armory Mining Corp. has successfully closed an oversubscribed non-brokered private placement offering, raising a total of $803,000 by issuing 16,060,000 units at a price of $0.05 per unit [1][4] Group 1: Offering Details - Each unit consists of one common share and one transferable common share purchase warrant, allowing the holder to acquire an additional common share at $0.065 until August 25, 2028 [2] - The company paid cash finder's fees of $54,350 and issued 1,028,000 finder's warrants, which are also exercisable at $0.065 until August 25, 2028 [3] - Additionally, 1,300,000 common shares were issued to an advisor for financial advisory and consulting services related to the offering [3] Group 2: Use of Proceeds - The proceeds from the offering are intended for working capital and general corporate purposes [4] Group 3: Company Overview - Armory Mining Corp. is focused on minerals critical to the 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]
GOAT Industries Announces Upsizing Of Private Placement To $6 Million
Thenewswire· 2025-08-25 19:55
Core Viewpoint - GOAT Industries Ltd. is increasing its non-brokered private placement offering to a total of up to $6,000,000, with a minimum raise of $2,000,000 [1][2]. Group 1: Offering Details - The offering will consist of up to 20,000,000 Units priced at $0.30 per Unit, with each Unit comprising one common share and one-half of a common share purchase warrant [2]. - Each Warrant allows the holder to purchase one additional Share at a price of $0.45 for a period of two years from issuance [2]. Group 2: Use of Proceeds - The net proceeds from the Offering will be allocated to fund the acquisition of 1509467 B.C. Ltd. and Vroom, Inc. (collectively referred to as "BETSource"), to expand BETSource's business, for future investments, and for general corporate and administrative purposes [3]. Group 3: Regulatory Information - All securities issued under the Offering will be subject to a statutory hold period of four months and one day from the date of issuance [4]. - Finder's fees may be applicable to eligible finders in accordance with the policies of the Canadian Securities Exchange [4]. Group 4: Company Overview - GOAT Industries Ltd. is an investment issuer focused on investing in high-potential companies across various industries, aiming to generate maximum returns from its investments [5].
Water Tower Research Publishes Initiation of Coverage Report on BTCS, Inc., “Powering the Future of the Decentralized Economy with Ethereum”
Thenewswire· 2025-08-25 18:28
Core Insights - The article discusses the recent developments in the industry and their implications for companies involved [1] Group 1 - The industry is experiencing significant changes due to regulatory updates and market dynamics [1] - Companies are adapting their strategies to align with new consumer preferences and technological advancements [1] - Financial performance metrics indicate a shift in profitability among key players, with some reporting increases while others face declines [1] Group 2 - Investment opportunities are emerging in sectors that are innovating rapidly and responding to market demands [1] - Risks associated with market volatility and competition are highlighted, necessitating careful analysis by investors [1] - Future outlook suggests potential growth areas, particularly in technology-driven segments [1]
Goat Industries Announces Non-Binding Letter of Intent to Acquire Gambling Platform
Thenewswire· 2025-08-25 15:40
Core Viewpoint - GOAT Industries Ltd. has entered into a non-binding term sheet to acquire 1509467 B.C. Ltd. and Vroom, Inc., focusing on the global sports betting market, particularly in North America, which exceeds $20 billion [1][2]. Group 1: Business Overview - The Targets are engaged in the global sports betting market, specifically in the North American market, which includes over 300 tribal casino markets [2]. - 1509 will own technologies and U.S. licenses that provide casinos and sports books with advantages through content recognition and AI for personalization [2]. - Vroom is responsible for activating live sports rights within casinos and sports books, ensuring effective market penetration of the Technologies and Licenses [3]. Group 2: Transaction Details - The acquisition involves the issuance of 70,000,000 common shares at a deemed price of $0.21 per share, totaling a purchase price of $14,700,000 [5]. - An additional 62,710,000 performance warrants will be issued to Vroom's shareholders, exercisable at $0.45 per share over five years, contingent on achieving revenue milestones of $10 million and $20 million [5]. - Certain shares will be subject to a voluntary escrow, with shares released upon achieving specified milestones or after 16 months [6]. Group 3: Regulatory and Approval Process - The transaction requires necessary regulatory approvals and shareholder approval due to the issuance of more than 100% of the current outstanding shares [9]. - The Company plans to provide shareholders with financial statements for the Targets in connection with the required shareholder meeting [9]. Group 4: Private Placement - GOAT Industries intends to complete a private placement offering of units for a minimum of $2,000,000, with each unit priced at $0.30 [10]. - Proceeds from the offering will be allocated to fund the acquisition, expand the Targets' business, and for general corporate purposes [11].
Eastfield Resources Announces Private Placement
Thenewswire· 2025-08-25 13:00
Core Viewpoint - Eastfield Resources Ltd. plans to raise up to $1,000,000 through a non-brokered private placement of up to 50 million units priced at $0.02 per unit, with each unit consisting of one common share and one share purchase warrant [1][2] Group 1 - The placement will be non-brokered, but the company may pay finder's fees in accordance with TSX Venture Exchange rules [2] - The proceeds from the placement will be used for an exploration program at mineral projects in British Columbia and for general working capital, including payments to non-arm's length parties for administrative services and investor relations activities, not exceeding 10% of the proceeds [3] - The securities issued will be subject to a hold period of four months and one day from the date of issuance as per Canadian securities laws [4] Group 2 - Certain insiders of the company may participate in the placement, with details to be included in a future news release [3] - The securities will not be registered under the U.S. Securities Act and cannot be offered or sold in the United States without proper registration or exemption [5]
Quantum Expands Victory Antimony Property in Haida Gwaii, BC
Thenewswire· 2025-08-25 13:00
Core Viewpoint - Quantum Critical Metals Corp. has submitted an application to expand the Victory Antimony Property to 1,444 hectares, emphasizing its commitment to responsible exploration and securing domestic supply chains for critical minerals [1][5]. Company Overview - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects, including the Victory Antimony Project in British Columbia and others in Québec [16]. Victory Antimony Project Details - The Victory Antimony project was initially discovered in 1988, with historical samples showing significant mineralization, including 11.8% arsenic and 1.24% antimony [3][5]. - The project is characterized as a hydrothermal hot spring deposit type, located within the Middle Jurassic Yakoun group [3]. Expansion Plans - Subject to approval, the company plans to develop access to the expanded property and conduct field programs for verification of historical showings and geological mapping [4]. Importance of Antimony - Antimony is recognized as a critical mineral, primarily used in flame retardants and various technologies, with a global market expected to grow at a CAGR of 5.5% from 2023 to 2030 [8]. - The U.S. Department of Defense has classified antimony as a critical mineral due to its significance in national security [10]. Supply Chain Concerns - China dominates global antimony production, accounting for over 70% of supply, which poses significant risks to industries reliant on this mineral [9]. - Recent geopolitical developments, including China's export bans on antimony, have heightened concerns over supply chain security for critical metals [13][14]. Recent Financial Activity - The company recently closed a private placement, raising $2,009,100.30 in gross proceeds, with associated finders' fees and broker warrants issued [11].
DeepMarkit Provides Corporate Update
Thenewswire· 2025-08-25 13:00
Core Insights - DeepMarkit Corp. is advancing its subsidiaries in blockchain, artificial intelligence, and tokenization, aiming to align with high-growth technology themes and provide pathways for emerging businesses to access public markets [5][6] Group 1: Subsidiaries Overview - **DeepMarkit Digital Corp.** is focused on the crypto ecosystem, exploring treasury management strategies, staking, validating activities, and potential partnerships to enhance exposure to blockchain infrastructure and the digital asset economy [2] - **DeepMarkit AI Corp.** is investigating opportunities at the intersection of artificial intelligence and blockchain, including decentralized AI platforms and token-based economics to incentivize adoption and growth [3] - **First Carbon Corp.** is reviewing tokenization opportunities for real-world assets, initially focusing on carbon credits through its MintCarbon platform, and evaluating the extension of tokenization expertise to other asset classes [4] Group 2: Strategic Outlook - The company's strategy emphasizes advancing its subsidiaries across key technology verticals while maintaining flexibility to pursue additional opportunities, thereby strengthening its corporate platform for innovation [5]