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Uniserve Executes LOI to Expand Operations in Ontario
Thenewswire· 2025-08-19 13:30
Core Viewpoint - Uniserve Communications Corporation has entered into a Letter of Intent to acquire an Ontario-based Managed Service Provider, enhancing its service offerings and expanding its operations in eastern Canada [1][2]. Group 1: Acquisition Details - The acquisition is expected to bring approximately CAD $5.5 million in top-line sales and an expected EBITDA of CAD $1.5 million, providing a solid platform for scaling operations in Ontario [2]. - The total purchase price for the transaction is expected to be CAD $6,500,000, with payments structured as follows: CAD $2,500,000 in cash, CAD $2,000,000 in common shares at no less than CAD $0.60 per share, and CAD $2,000,000 via a 50% convertible note [3]. - The convertible note will have varying conversion prices over three years, starting at CAD $0.75 per share in the first year [3]. Group 2: Transaction Conditions - The transaction is subject to the execution of a definitive agreement within 30 days, further due diligence, and approvals from the Company's Board of Directors and the TSX Venture Exchange [4]. - The Company will not assume any long-term debt of the MSP, and the MSP and its shareholders are arm's length to the Company [3]. Group 3: Company Overview - Uniserve provides IT solutions and technology services across Canada, focusing on Data Centre Solutions, Managed IT Services, and Business Internet [5]. - The Company aims to support Canadian businesses in their digital transformations by enhancing its bandwidth and infrastructure capabilities [2].
LAURION Intersects 9.16 g/t Gold over 0.80 Metres and Releases Results for the First Three Drill Holes at Sturgeon River Mine Area
Thenewswire· 2025-08-19 13:25
TORONTO, Ontario – TheNewswire - August 19, 2025 – LAURION Mineral Exploration Inc. (TSXV: LME | OTCPINK: LMEFF) ("LAURION" or the "Corporation") reports encouraging initial results from the first three diamond drill holes of its previously announced 2025 drill program at the Ishkõday Project, located 220 km northeast of Thunder Bay, Ontario. Further to the Corporation's press releases dated May 8, 2025 and May 27, 2025, drilling began in mid-May and is part of a 7,000-metre campaign targeting the high-grad ...
Norsemont Launches New Website and Updated Investor Deck
Thenewswire· 2025-08-19 13:15
Core Insights - Norsemont Mining Inc. has launched a redesigned corporate website and updated corporate presentation following a successful private placement with new strategic investors [1][4] - The new website features improved navigation and expanded information on the Choquelimpie Gold-Silver-Copper Project, enhancing investor access to corporate updates and resources [2][3] Company Overview - Norsemont Mining owns a 100% interest in the Choquelimpie project in northern Chile, which has an initial mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces [6] - The Choquelimpie project has over 1,700 drill holes and significant existing infrastructure, including roads, power, water, camp, and a 3,000-tonne-per-day mill [6] - The company is committed to responsible and sustainable resource development, utilizing modern exploration techniques to enhance shareholder value [6]
Fitzroy Minerals Reports Multiple Step-Out Copper Intercepts at Buen Retiro, Chile
Thenewswire· 2025-08-19 13:15
Core Insights - Fitzroy Minerals Inc. is advancing its exploration efforts at the Buen Retiro Copper Project in Copiapó, Chile, with ongoing Phase 2 drilling totaling 8,000 meters [1][4]. Exploration Update - Recent assay results from diamond drill holes 23 to 27 indicate copper mineralization in all holes, expanding the known mineralization strike length to 985 meters [2][10]. - The average distance between drill holes along the strike has been reduced to approximately 100 meters, improving the continuity of mineralization [2]. - Significant shallow mineralization zones have been identified, particularly between holes 21 and 24, covering a lateral extent of 360 meters [2][8]. Drilling Details - Drill hole 27 intersected multiple mineralized zones, including 119 meters at 0.53% Cu from a depth of 49 meters, confirming the presence of oxide and transition copper minerals down to about 150 meters [10][17]. - Hole 25 returned 32 meters at 0.90% Cu, including 11 meters at 2.28% Cu, indicating strong mineralization at the northwestern edge of the Southwest Area [10][18]. - The ongoing diamond drilling aims to further test the extensions and limits of known mineralization in the Southwest Area, with assays for holes 28 to 33 pending [25][26]. Future Plans - The company plans to initiate Reverse Circulation (RC) drilling in the North Area, targeting shallow hanging-wall copper mineralization related to a multi-kilometer geophysical anomaly [3][26]. - Fitzroy aims to accelerate resource delineation and technical de-risking work to advance towards production at Buen Retiro [6][25]. Infrastructure and Economic Considerations - The Buen Retiro site benefits from excellent infrastructure, being close to the Pan-American highway and existing mining facilities, which may enhance capital efficiencies for future development [6].
Rackla Metals is Pleased to Provide an Update on Drilling at Grad and Other Developments on Property Holdings in the NWT
Thenewswire· 2025-08-19 11:00
Core Viewpoint - Rackla Metals Inc. is making significant progress in its 2025 exploration program in western Northwest Territories, increasing its drill plan by 25% to 5,000 meters due to positive findings in drill core and surface work [1]. Group 1: Exploration Progress - As of August 18th, over 3,100 meters have been drilled with 7 holes completed, covering an area of 500 x 300 x 550 meters [2]. - All drilled holes have intersected a consistent set of sheeted quartz/sulphide+tourmaline veins, with a notable zone of intense quartz and quartz-tourmaline veining and elevated bismuth content observed in holes G25-004 and G25-005 [3][6]. - The mineralized zone shows good continuity and appears robust, with increasing strength and width as the intercepts get deeper [3]. Group 2: Current Drilling and Results - The current drill hole G25-008 is targeting the same mineralized zone as previous holes, with a target depth of 500 meters [6]. - Samples from holes G25-001 through G25-007 have been submitted to the lab, with results from the first three holes expected within the coming week [8]. - A steady flow of results is anticipated following the initial findings [8]. Group 3: Geological Insights - Recent mapping indicates a metal zonation, with the ridge top being arsenic-rich and the lower ridges being bismuth-rich, suggesting minimal erosion in the area [10]. - The exploration is based on the Reduced Intrusion-Related Gold System model, indicating potential for significant mineral discoveries [10]. Group 4: Community Engagement - The company is working in consultation with the Sahtu Dene and Métis communities, emphasizing the importance of maintaining collaborative relationships as exploration advances [14]. Group 5: Company Overview - Rackla Metals Inc. is a junior gold exploration company based in Vancouver, targeting Reduced Intrusion-Related Gold Systems in underexplored regions of eastern Yukon and western Northwest Territories [16].
Vanguard Mining Expands U.S. Investor Access with Ticker Change to UUUFF on OTCID Market
Thenewswire· 2025-08-19 07:05
Core Points - Vanguard Mining Corp. has transitioned to the OTCID™ Market and its shares are now trading under the new ticker symbol "UUUFF" as of August 18, 2025 [1][3] - The OTCID™ Basic Market enhances transparency by requiring timely financial reporting and verified company profiles, which aims to build investor confidence and improve market integrity [2] - This milestone reflects Vanguard's commitment to transparency and sound corporate governance, positioning the company for broader engagement with long-term shareholders and enhanced visibility in U.S. capital markets [3] Corporate Updates - Vanguard Mining Corp. will hold its Annual General Meeting (AGM) on October 3, 2025, to address the election of directors and appointment of auditors [4] - Shareholders of record as of August 19, 2025, will be entitled to vote at the AGM [4] - Further details regarding the AGM will be provided in the management information circular, which will be mailed to shareholders and filed on SEDAR+ [5] Company Overview - Vanguard Mining Corp. is a Canadian mineral exploration company focused on high-value strategic minerals, particularly uranium exploration projects in the U.S. and Paraguay [6] - The company aims to identify and develop assets critical to the global energy transition while committing to responsible exploration and value creation [6]
Hi-View Makes New Copper Zone Discovery At 100% Owned "Golden Stranger Project", Toodoggone District
Thenewswire· 2025-08-19 07:01
Core Insights - Hi-View Resources Inc. has completed a work program on its Golden Stranger Project, making a significant discovery of a new copper zone [1][2][3] - The exploration efforts have delineated a 2 km northwest-trending structural corridor connecting the Golden Stranger zone and the newly named Golden Acquaintance zone [3][7] - The company is now permitted to conduct a comprehensive multi-phase drill program of up to 45 sites based on enhanced surface data [3][11] Exploration Update - Ground geophysics, soil sampling, and prospecting have been completed on the Main Block, including a magnetic-VLF survey covering 45.6 line-km [6][7] - A total of 67 soil samples and 63 rock samples were collected, revealing a new copper zone with samples containing up to 1% malachite and other copper minerals [6][7] - On the Eastern Block, 164 soil and 15 rock samples were collected to test regional northwest structures identified in previous surveys [8][11] Historical Context - Historical drilling highlights include 10 meters at 11.55 g/t gold and a pre-NI 43-101 estimate of 498,905 tonnes at 2.74 g/t gold [13] - In 2024, sampling yielded up to 111.5 g/t gold and 2,740 g/t silver, indicating significant exploration potential [13]
Vitreous Glass Announces Grant of Deferred Share Units
Thenewswire· 2025-08-18 20:40
Core Points - Vitreous Glass Inc. has granted 406 deferred share units (DSUs) to an independent director as a non-cash settlement of dividends received on previously issued DSUs [1] - The DSUs were granted under a plan adopted in 2022, vest immediately, and entitle the holder to receive one share of the company or a cash payment equal to the value of one share upon cessation of their role as a director [2] Additional Information - The announcement was made on August 18, 2025, and relates to dividends paid on common shares on August 15, 2025 [1] - For further inquiries, contact information for the President of Vitreous Glass Inc. is provided [3]
Lake Winn Announces Extension of Private Placement and Provides Update on Binding Letter of Intent with Jaxon Mining Inc.
Thenewswire· 2025-08-18 17:45
Core Viewpoint - Lake Winn Resources Corp. is proceeding with a non-brokered private placement to raise up to $650,000 for exploration and working capital, with the first tranche expected to close in the week of August 18, 2025 [1][2]. Group 1: Private Placement Details - The company plans to offer up to 11,818,182 units at a price of $0.055 per unit, aiming for gross proceeds of up to $650,000 [1]. - The net proceeds from the offering will be allocated for exploration costs related to the Little Nahanni project and for general working capital [2]. - The closing of the first tranche is subject to approval from the TSX Venture Exchange, with the final acceptance date extended until August 2025 [2]. Group 2: Update on Jaxon Mining Inc. - On July 24, 2025, the company announced a binding letter of intent with Jaxon Mining Inc. regarding a property transaction, which led to a halt in trading [4]. - The letter of intent has been terminated as of August 18, 2025, due to the time and expense associated with the potential acquisition [5]. - The company will continue to focus on its key critical mineral project, the Little Nahanni Pegmatite swarm, which contains significant lithium, cesium, tantalum, and tin mineralization [5][8]. Group 3: Trading Resumption - The company expects to resume trading in the week of August 18, 2025, potentially as soon as August 20, 2025 [6].
Windfall Geotek to Deploy AI System for Copper Porphyry Targeting on Prismo Metals' Hot Breccia Property in Arizona
Thenewswire· 2025-08-18 13:30
Core Insights - Windfall Geotek has been engaged by Prismo Metals Inc. to apply its proprietary AI System to the Hot Breccia property in Arizona, with a contract valued at $80,000 [1] - The Hot Breccia property spans approximately 1,420 hectares (14.2 km²) and is located near the past-producing Christmas mine, which is a porphyry copper skarn deposit [1] Group 1: Company Engagement and Project Details - The collaboration aims to enhance understanding of the geological setting at Hot Breccia and validate drill targets [2] - The project area shares a regional setting similar to BHP-Rio Tinto's Resolution copper deposit, considered one of the greatest copper discoveries in North America [2] - Windfall Geotek's AI system can reduce the footprint of exploration targets by 98–99%, promoting a concept referred to as 'Digital Exploration' [2] Group 2: Geological Features and Exploration Techniques - The Hot Breccia property exhibits features common with neighboring world-class copper mines, including a swarm of porphyry dikes and breccia pipes containing copper-mineralized rocks [5] - A ZTEM survey conducted by Prismo identified a large conductive anomaly beneath the breccia outcrops, indicating potential mineralization [5][6] - Sampling has revealed copper mineralization associated with polylithic breccia pipes, with depths believed to range from 400 to 1,000 meters [6] Group 3: Company Backgrounds - Windfall Geotek has over 20 years of experience in developing AI and data mining technologies for mineral exploration [9] - Prismo Metals Inc. focuses on mining exploration, with projects including three silver projects and the Hot Breccia copper project in Arizona [8]