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China Gold International Resources Reports 2025 Second Quarter and First Half Results - Record High Quarterly Net Profit
Thenewswire· 2025-08-14 23:00
Core Insights - China Gold International Resources Corp. achieved record financial performance in Q2 2025, with the highest quarterly net profit in the company's history, reflecting the effectiveness of its strategy and execution [3] Financial Highlights for Q2 2025 - Revenue increased by 108% to US$307.3 million from US$148.0 million in Q2 2024 [4] - Mine operating earnings rose to US$159.4 million, up US$130.0 million from US$29.4 million in Q2 2024 [4] - Net profit reached US$116.3 million, an increase of US$121.1 million from a net loss of US$4.8 million in Q2 2024, marking a new record [4] - Cash flow from operations was US$191.3 million, up from US$80.9 million in Q2 2024 [4] - Total gold production increased by 38% to 43,403 ounces from 31,373 ounces in Q2 2024 [4] - Total copper production was 39.7 million pounds (approximately 18,013 tonnes), up from 18.6 million pounds (approximately 8,454 tonnes) in Q2 2024 [4] Financial Highlights for First Half 2025 - Revenue increased by 178% to US$580.4 million from US$208.5 million in the first half of 2024 [4] - Mine operating earnings rose to US$277.1 million, an increase of US$259.2 million from US$17.9 million in the first half of 2024 [4] - Net profit reached US$202.3 million, up US$233.2 million from a net loss of US$30.9 million in the first half of 2024 [4] - Cash flow from operations was US$334.8 million, up from US$88.1 million in the first half of 2024 [4] - Total gold production increased by 69% to 88,200 ounces from 52,087 ounces in the first half of 2024 [4] - Total copper production was 77.0 million pounds (approximately 34,924 tonnes), up from 23.3 million pounds (approximately 10,547 tonnes) in the first half of 2024 [4] Company Overview - China Gold International Resources is a gold and base metal mining company based in British Columbia, Canada, operating the CSH Gold Mine in Inner Mongolia and the Jiama Copper-Gold Polymetallic Mine in Tibet [5] - The company's objective is to enhance shareholder value through increased production, resource expansion, and new project development [5]
Disposition of Common Shares of SuperQ Quantum Computing Inc.
Thenewswire· 2025-08-14 23:00
Group 1 - Transcend Capital Inc. has disposed of 380,000 common shares of SuperQ Quantum Computing Inc., representing approximately 1.43% of the Issuer's current issued and outstanding common shares [1] - After the disposition, Transcend and Mr. Moshevich own 2,643,000 common shares, which is about 9.97% of the Issuer's current issued and outstanding common shares, along with 498,500 share purchase warrants [1] - If the warrants are exercised, Mr. Moshevich and Transcend would control 3,141,500 common shares, equating to approximately 11.86% of the then issued and outstanding common shares [1] Group 2 - The shares were disposed of at a price of $1.30 per share through the Canadian Securities Exchange [2] - Transcend or Mr. Moshevich may acquire or dispose of additional securities of the Issuer in the future based on market conditions [2]
Lincoln Gold Announces Closing of Second Tranche of Private Placement Financing and Provides Corporate Update
Thenewswire· 2025-08-14 20:40
Core Points - Lincoln Gold Mining Inc. has closed the second tranche of its non-brokered private placement financing, raising gross proceeds of $11.25 million through the issuance of 75,000 units at a price of $0.15 per unit [1][2] - The proceeds from the second tranche will be used for general administrative expenses [3] - The company has decided to discontinue the balance of the private placement due to uncertainties regarding future management following shareholder requisitions [4] Financial Details - 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 an additional common share at $0.35 for 24 months [2] - All securities issued are subject to a hold period of four months and one day from the date of issuance [4] Corporate Update - In connection with the acquisition of the Bell Mountain Gold/Silver project, the company issued 3 million common shares and an additional 1.5 million shares were issued to satisfy final payment obligations [7][8] - On August 13, 2025, the company granted 1,885,000 stock options to directors, officers, and consultants, exercisable for five years at an exercise price of $0.215 per option [8] Company Overview - Lincoln Gold Mining Inc. is a Canadian precious metals development and exploration company based in Vancouver, BC, with interests in the Bell Mountain gold-silver property and the Pine Grove gold property [9]
Harvest Gold Kicks Off Drilling at Mosseau, Launches Urban-Barry Till Program, and Completes Labelle Mag Survey
Thenewswire· 2025-08-14 19:10
Core Viewpoint - Harvest Gold Corporation is advancing exploration activities across its Quebec properties, focusing on the Mosseau, Urban-Barry, and LaBelle projects, with significant drilling and sampling programs underway [1][2][3]. Group 1: Exploration Activities - The company has mobilized a diamond drill to begin a 5,000-meter drilling program at the Mosseau property, targeting high-priority areas with historical gold showings [3]. - A till sampling program has been initiated at the Urban-Barry property, which spans 19 km in length and averages 4 km in width, to evaluate its gold potential [4]. - A high-resolution airborne magnetic survey covering 1,368 line-kilometers has been completed over the LaBelle property, interpreted to extend the mineralized corridor from Mosseau [5]. Group 2: Project Details - The Mosseau property is the focus of the diamond drilling program, which follows extensive regional data compilation and previous encouraging results from soil sampling [3]. - The Urban-Barry property will undergo a till sampling survey conducted by IOS Services Géoscientifiques, with a total of 145 samples planned [4]. - The LaBelle property has seen minimal historical exploration, and the recent magnetic survey aims to identify potential mineralization [5]. Group 3: 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 possessing over 400 years of collective geological and financing experience [7]. - The company holds three active gold projects in the Urban-Barry area, covering a total of 20,016.87 hectares across 377 claims [8]. - The properties collectively cover over 50 km of favorable strike along mineralized shear zones, indicating significant exploration potential [9].
Blackbird Critical Metals Corp. Signs Agreement to Acquire Lir Life Sciences Inc.
Thenewswire· 2025-08-14 18:30
Core Viewpoint - Blackbird Critical Metals Corp. has entered into a definitive share purchase agreement to acquire 100% of Lir Life Sciences Inc. in exchange for at least 21,807,143 common shares of Blackbird, marking a significant strategic shift for the company [1][2]. Summary of the Acquisition - The acquisition involves purchasing all issued and outstanding Lir Shares at a deemed price of $0.35 per share, with a 1:1 share exchange [2]. - The acquisition is classified as a "Fundamental Change" under CSE Policy 8, requiring approval from both the CSE and Blackbird shareholders [2][6]. Post-Acquisition Plans - Following the acquisition, Blackbird intends to continue Lir Life Sciences' business under the name "Lir Life Sciences Corp." [3]. - Certain shares issued in the acquisition will be subject to resale restrictions and escrow under CSE policies [3][4]. Concurrent Financing - Lir Life Sciences plans to complete a private placement offering for a minimum of $1,000,000 at a price of $0.35 per subscription receipt, which will convert into Lir Shares prior to closing [4]. - Finders' fees of 8% of gross proceeds and corresponding warrants may be paid to those who introduce subscribers to Lir Life Sciences [4]. Share Consolidation - Prior to closing, Blackbird will consolidate its shares on a 1.5:1 basis, meaning shareholders will receive one post-consolidation share for every one-and-a-half shares held [4]. Pooling Agreement - Certain Lir Shareholders will enter into a pooling agreement, restricting the sale or transfer of their shares for a period of 20 months, with releases occurring in equal tranches [5]. Conditions Precedent - The acquisition is subject to several conditions, including shareholder approvals, completion of the concurrent financing, and regulatory approvals [6]. Management Changes - Upon closing, all current directors and officers of Blackbird will resign except for Gurdeep Bains, with new directors and officers expected to include Dr. Edward Mills as CEO [7]. Shareholder Approval - The company anticipates obtaining written approval from Blackbird shareholders holding more than 50% of the shares for the acquisition [8]. Listing Statement - A CSE Form 2A Listing Statement will be filed to provide details regarding the acquisition and the resulting issuer [9]. Trading Status - Trading in Blackbird Shares has been halted pending the satisfaction of CSE requirements and approval to resume trading [10]. About Lir Life Sciences - Lir Life Sciences is an early-stage biopharmaceutical company focused on transdermal drug delivery for metabolic disorders, particularly obesity, and has secured a proprietary drug delivery platform [11]. About Blackbird Critical Metals Corp. - Blackbird is a Canadian mineral exploration company focused on acquiring and developing critical metal properties for green technologies and renewable energy [13].
Arizona Gold & Silver Discovers 10 Metre Epithermal Quartz Vein Within 35.37 Metre Mineralized Quartz Vein Breccia at Philadelphia Project, Arizona
Thenewswire· 2025-08-14 14:25
Vancouver, British Columbia – TheNewswire - August 14, 2025 – Arizona Gold & Silver Inc.(TSXV: AZS) (OTCQB:AZASF) announces further positive results from the on-going core drilling program at the Philadelphia Project in Arizona. Core hole PC25-156 has intersected approximately 10 metres ("m") of unbrecciated banded and massive vein quartz within a 35.7m intercept of quartz vein and quartz vein breccia. This is the first time a drill hole has been deep enough to intersect intact vein with the classic epither ...
Lexaria's Phase 1b GLP-1 Study Achieves Important "Last Patient Last Visit" Milestone
Thenewswire· 2025-08-14 13:20
Core Insights - Lexaria Bioscience Corp. has achieved a significant milestone in its Phase 1b GLP-1 study in Australia, completing the last patent last visit (LPLV) [1][2] - The study involved 126 participants and focused on evaluating various DehydraTECH formulations against a control arm using Rybelsus® [4][6] - Interim results have shown positive outcomes, particularly in safety and tolerability compared to the control arm, with a notable reduction in gastrointestinal adverse events [3] Study Details - The study included 24-25 overweight, obese, pre- or type 2 diabetic patients in each of the five study arms, with a total of 126 participants [4] - All doses were administered orally, with no injections involved, as Lexaria aims to shift the standard of care towards oral delivery [4] - The study arms included proprietary formulations of DehydraTECH-CBD and DehydraTECH-processed semaglutide, with the fifth arm evaluating DehydraTECH-tirzepatide [5][6][7] Future Objectives - Lexaria plans to release the final results of the study in the fourth quarter of 2025 [9] - The company is currently engaged in data analysis and sample processing, with a comprehensive database being developed [2] Technology Overview - DehydraTECH™ is Lexaria's patented drug delivery technology that enhances the bio-absorption of drugs through oral delivery, aiming to reduce side effects and improve efficacy [10] - The company holds a robust intellectual property portfolio with 50 patents granted and additional patents pending worldwide [10]
Angkor Resources Advances Seismic Program With Enercam's Oil & Gas Block VIII, Cambodia
Thenewswire· 2025-08-14 12:50
Core Viewpoint - ANGKOR RESOURCES CORP. is advancing its subsidiary EnerCam Resources Co. Ltd.'s seismic project in Cambodia's Block VIII, aiming to discover the country's first onshore oil and gas reserves, which could significantly impact the nation's energy independence and economic growth [1][2]. Project Overview - EnerCam is conducting a 2-D seismic survey in Block VIII, which is essential for defining drill targets and proving the commercial viability of oil and gas in Cambodia [1][2]. - The seismic program involves 350-line kilometers of two-dimensional seismic across four identified sub-basins, with plans to explore a newly described 'mussel basin' [7]. Technical Execution - The seismic program employs 53 personnel to deploy geophones and data recorders, ensuring efficient data collection and processing [5]. - The technical team aims to average about nine kilometers of seismic data collection per day, with initial data showing promising results despite weather challenges [6]. Local Impact and Observations - The geoscience team has observed abandoned water wells contaminated by oil seepage, indicating potential hydrocarbon presence in the area [4]. - Local residents and business owners have been engaged during the seismic operations, highlighting community involvement and support for the project [4]. Company Background - ANGKOR RESOURCES CORP. is a public company listed on the TSX-Venture Exchange, focusing on resource optimization in Cambodia and Canada, including mineral exploration and energy solutions [15].
Quantum Discovers Evidence of Mafic-Ultramafic Rocks at NMX East, QC
Thenewswire· 2025-08-14 12:40
Core Insights - Quantum Critical Metals Corp. has received an optical mineralogy report confirming the presence of metamorphosed mafic-ultramafic intrusive rocks at its NMX East Project in Northern Québec, aligning with the company's understanding of the area's geological context [1][6] - The NMX East Project is strategically located near the Nisk deposit, which contains lithium and Ni-PGE mineralization, indicating potential for valuable resource extraction [3] - The company plans to conduct advanced magnetic and EM-VLF surveys to further investigate the Ni-PGE potential of the NMX East Project [4][6] Geological Findings - The optical mineralogy report from PMC Laboratory details the mineralogical characteristics of two samples from the NMX East Project, confirming their relation to the Bande du Lac des Montagnes (BLM) formation [1] - A recent field visit identified a 1 km long amphibolite boulder field associated with a magnetic anomaly, suggesting further exploration is warranted [2] Future Plans - Quantum intends to expedite a high-resolution magnetic and EM-VLF survey using advanced laser magnetometer sensors to enhance the accuracy of geological assessments [4] - The CEO emphasized the significance of confirming mafic-ultramafic rocks on the property, marking a critical step in exploring the ultramafic rock potential [6] Company Overview - Quantum Critical Metals Corp. is focused on advancing critical metals projects, with a portfolio that includes various promising assets in Québec and British Columbia [6]
Renforth's Fouillac Confirmed as Third Critical Minerals Location within Malartic Metals Package, Parbec Permits Received
Thenewswire· 2025-08-14 12:00
Core Insights - Renforth Resources Inc. has provided an update on its Malartic Metals Package (MMP), which covers approximately 300 km² and includes nickel-rich polymetallic mineralization at Victoria, Lalonde, and Fouillac, along with a copper discovery at Beaupré and historic gold occurrences [1] Group 1: Mineralization and Resource Development - The prospecting program at Fouillac confirmed the presence of similar mineralization to that at Victoria and Lalonde, with surface sampling over approximately 550 meters, highlighting a nickel value of 1080 ppm and copper values exceeding 125 ppm [2] - Modelling for a maiden resource at the Victoria polymetallic structure has commenced, with expectations to deliver results in the fall [3] - The confirmation of mineralization at Fouillac adds value to the MMP, suggesting potential for a future processing facility that could utilize materials from the Victoria, Lalonde, and Fouillac systems [5] Group 2: Permits and Operational Updates - Renforth has received permits earlier than expected to strip an area of the Parbec gold deposit, allowing for mapping and sampling of surface gold mineralization [7] - The company has announced the resignation of director Judi Wood due to new business commitments, acknowledging her contributions to the board [8] Group 3: Technical and Compliance Information - Sample results were obtained through selective grab sampling and analyzed using ME-MS41 Ultra Trace ICP-MS methods [6] - The geological information in the press release has been reviewed and approved by Martin Demers, Vice President of Exploration, ensuring compliance with NI 43-101 guidelines [9]