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Giant Mining Expands AI-Driven U.S. Copper Exploration at Majuba Hill with ExploreTech Phase 2 Drill Program
Thenewswire· 2025-08-06 07:05
Core Insights - Giant Mining Corp. has successfully completed a site visit with Exploration Technologies Inc. to advance domestic copper production in line with the America First industrial strategy [1][2] - The Phase 2 exploration program aims to define and delineate a mineralized system to develop a NI 43-101 compliant Mineral Resource Estimate [3][4] - The company is leveraging AI-assisted geophysical modeling to optimize exploration efforts and reduce risks associated with drilling [2][5] Company Developments - The Phase 1 drill program confirmed hypogene copper mineralization and strong breccia controls, correlating with previously identified high-grade copper intercepts [6][7] - ExploreTech has been reaffirmed as the technical partner for the 2025 Phase 2 exploration, reinforcing Giant Mining's commitment to American copper independence [7] - The company has secured funding for the next phase of drilling at the Majuba Hill project, which is located in a top-ranked mining jurisdiction in Nevada [12][13] Market Context - Copper prices have surged over 40% year-to-date, reaching a peak of US $5.72 per pound, driven by strong demand and tightening global supply [4][5] - The initiative aligns with bipartisan support for revitalizing domestic supply chains in critical metals, emphasizing the importance of reshoring copper production for national security and energy transition [5][16] Project Characteristics - The Majuba Hill project spans 9,684 acres and is well-positioned with solid infrastructure, including access to roads, power, and water [12][13] - Historical production and extensive drilling indicate a potentially large mineralized body with significant expansion potential [13][17] - The company employs a robust QA/QC program to ensure the integrity of its exploration and drilling processes [14]
Bolt Metals Completes Debt Settlement
Thenewswire· 2025-08-06 01:00
Core Points - Bolt Metals Corp. has completed debt settlement agreements totaling CAD $117,535 with certain creditors, issuing 11,753,500 common shares at a deemed price of CAD $0.01 per share [1][2] - The board of directors determined that completing the debt settlements was in the best interest of the company to preserve cash for working capital [2] - Bolt Metals Corp. focuses on the acquisition and exploration of precious and base metal properties, with projects including Soap Gulch in Montana and Switchback in British Columbia [3]
Lincoln Gold Proposed Debt Settlement
Thenewswire· 2025-08-05 21:30
Core Viewpoint - Lincoln Gold Mining Inc. intends to settle up to CDN $903,379.22 in debt through the issuance of up to 5,493,205 units at a price of $0.165 per unit, subject to regulatory approval [1][4]. Debt Settlement Details - Each unit will consist of one common share and one common share purchase warrant, with the warrant exercisable at $0.35 per share for 12 months [1]. - The debt settlement is subject to a four-month hold period from the issue date [2]. Related Party Transaction - Mr. Dong Shim, a director of the company, is considered a "related party" and the issuance of units to his firm is classified as a "related party transaction" but is exempt from formal valuation and minority shareholder requirements [3]. - The board of directors approved the debt settlement unanimously, with Mr. Shim abstaining from the vote due to his interest [4]. Company Overview - Lincoln Gold Mining Inc. is a Canadian precious metals exploration and development company based in Vancouver, BC, focusing on becoming a mid-tier gold producer [5]. - The company holds interests in the Bell Mountain gold-silver property and the Pine Grove gold property, located within the Walker Lane mineral belt [5].
Kevin Bullock, CEO of NexGold Lays Out his Master Plan for Two Near-Term Gold Projects in Canada
Thenewswire· 2025-08-05 17:05
Core Viewpoint - NexGold Mining has reported promising drill results from its Goldboro Open Pit Gold Project, indicating the presence of high-grade gold zones near the surface, which could enhance the overall grade of the mine and reduce operational costs [1][2][3]. Group 1: Drill Results and Mineralization - The recent 26,854-metre diamond drill program at Goldboro has shown high-grade mineralization, with notable intersections such as 40 grams per tonne gold over 17.7 metres [3]. - The mineralization is described as being present at open pit depths, with all intersected zones projecting to the surface, suggesting a favorable geological structure [3]. Group 2: Project Development and Strategy - NexGold is advancing two major gold projects in Canada, each with approximately 3 million ounces of resources, and plans to choose one for development by the end of the year [5][6]. - The Goliath Gold Complex includes both open-pit and underground mining operations, with a projected after-tax NPV of $336 million and an IRR of 25.4% [7]. Group 3: Economic Impact and Regulatory Environment - The Goldboro Gold Project is expected to create over 700 jobs and contribute $2.1 billion to Nova Scotia's economy over its lifetime [10]. - Recent regulatory changes in Canada have facilitated a faster permitting process for mining projects, which is beneficial for NexGold's operations [9][12]. Group 4: Future Production Potential - The company aims to leverage the first mine's success to finance subsequent projects, with a potential increase in production from 100,000 ounces to over 250,000 ounces annually [12].
Uniserve Initiates Strategic Data Centre Expansion
Thenewswire· 2025-08-05 15:35
Group 1 - Uniserve Communications Corporation has signed a 16-month contract with a data centre consultant to explore the feasibility of building a 2MW data facility in Vancouver [1] - This initiative aims to enhance Uniserve's ability to service its existing customer base and tap into the growing AI market [1] - The contract reflects the company's commitment to investing in its platform and delivering critical infrastructure solutions for Canadian businesses [2] Group 2 - Uniserve provides a full suite of IT solutions across three core verticals: Data Centre Solutions, Managed IT Services, and Business Internet [2] - The company emphasizes secure, reliable, and customized IT solutions that ensure maximum uptime, security, and scalability for its clients [2]
Ecolomondo Receives Third and Fourth Repeat Purchase Orders for its Recovered Carbon Black
Thenewswire· 2025-08-05 13:45
Core Viewpoint - Ecolomondo Corporation has received multiple purchase orders for its recovered carbon black (rCB), indicating strong demand and validation of product quality from its Hawkesbury TDP facility [1][2][3] Group 1: Purchase Orders and Production - The main offtake customer issued a repeat order for a second commercial truckload of 23 metric tons of rCB, followed by additional orders of 24 metric tons each for the third and fourth shipments [2] - The third purchase order has been shipped, while the fourth is in production and expected to ship by August 8, 2025 [2] - The Hawkesbury TDP facility is projected to process approximately 1 million scrap tires annually, producing around 4,000 metric tons of rCB, 5,000 metric tons of pyrolysis oil, 2,000 metric tons of steel, and 1,200 metric tons of process gas [9][14] Group 2: Quality and Efficiency - The repeat orders from the main rCB offtake customer validate the quality of rCB produced at the Hawkesbury facility, suggesting integration into the customer's regular production [3] - The company is focusing on improving process efficiencies while maintaining high-quality standards for its end products [4] - Quality approval for rCB from another major U.S. offtake customer is anticipated soon [5] Group 3: Company Strategy and Future Outlook - Ecolomondo aims to be a leading player in the cleantech space, contributing to the global circular economy through its proprietary Thermal Decomposition technology [12][16] - The company plans to expand aggressively in North America and Europe, leveraging its modular technology for faster and better deployment of TDP facilities [17] - The Shamrock facility is projected to process 5 million end-of-life tires per year, significantly increasing production capacity compared to the Hawkesbury facility [15] Group 4: Environmental Impact - The TDP process is expected to reduce greenhouse gas emissions by 90% compared to the production of virgin carbon black, with annual CO2 reductions of 15,000 tons from the Hawkesbury facility and 45,000 tons from the Shamrock facility [23]
Ocumetics Begins Patient Recruitment for First-In-Human Clinical Study of Accommodating Intraocular Lens
Thenewswire· 2025-08-05 13:00
Core Insights - Ocumetics Technology Corp. has initiated patient recruitment for its first-in-human study of the Ocumetics accommodating intraocular lens, with recruitment expected to be completed in approximately 7 days [1][2]. Company Overview - Ocumetics Technology Corp. is a Canadian research and product development company focused on advanced vision correction solutions aimed at enhancing patients' quality of life [4]. - The company is dedicated to transforming the field of ophthalmology through innovative research and development of intraocular lenses and other vision-enhancing technologies [4]. Product Development - The Ocumetics Lens is designed to change its power in response to the brain's attempts to visualize items at varying distances, unlike traditional monofocal and multifocal intraocular lenses [2]. - The lens aims to provide clear vision at all distances without the need for glasses or contact lenses, potentially eliminating the need for corrective lenses altogether [5]. Clinical Study Details - The first-in-human clinical study will primarily assess the safety of the Ocumetics Lens and secondarily evaluate surgical technique, distance acuity, and any accommodative effects [2]. - Implantations will commence after the completion of patient recruitment, final site inspection, and surgeon training [3]. - Results from this clinical study will be crucial for obtaining regulatory approval for larger future studies and for bringing the Ocumetics Lens to market [3].
Visionstate Accelerates Growth with Surge in WandaLITE Subscriptions Driven by Bill 190 Compliance
Thenewswire· 2025-08-05 12:55
Core Insights - Visionstate Corp. is experiencing increased adoption of its WandaLITE technology due to Ontario's Bill 190, which requires digital cleaning and inspection logs in public washrooms starting January 1, 2026 [1][4] - The company has secured 21 subscriptions for the WandaLITE platform since its launch in late spring, with new clients including major post-secondary institutions and hospitals in Ontario [2][4] - An additional 42 customers are in the sales pipeline, indicating strong market traction and a proactive approach to onboarding clients ahead of the legislation's deadline [3][4] Company Strategy - Visionstate is focusing on onboarding clients before the December 31, 2025 deadline, delaying invoicing until the law becomes enforceable on January 1, 2026, to reduce adoption friction [4][11] - The company aims to transition facilities from outdated paper logs to modern digital systems, enhancing public health and safety [11] Product Details - WandaLITE is a cloud-based solution designed to meet Bill 190 requirements, offering rapid onboarding and QR-code-based check-ins, while the flagship Wanda platform provides real-time tracking and analytics [6][7] - The annual base subscription fee for WandaLITE is $960, with the company earning approximately 80% gross margin on software sales [9] Market Dynamics - The summer months typically see slower customer acquisition; however, the recent surge in subscriptions reflects a growing urgency among organizations to comply with new legislative standards [5] - The swift acquisition of clients and active prospects suggests a strong demand for digital solutions in the cleaning and inspection sector [4][5]
Hybrid Power Solutions Brings Clean Energy to School Backup Systems
Thenewswire· 2025-08-05 12:31
Core Viewpoint - Hybrid Power Solutions Inc. has successfully secured a tender for the sale of a Batt Pack Energy unit, which will serve as a battery backup system for emergency lighting in a school facility, highlighting the company's growing presence in institutional and critical infrastructure applications [1][2]. Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator listed on the Canadian Securities Exchange under the symbol "HPSS," specializing in developing portable power systems that eliminate the need for fossil fuels in off-grid and remote applications [3]. Product Features - The Batt Pack Energy unit is designed to provide uninterrupted lighting during power outages, ensuring safety for students and staff [2]. - Key features of the Batt Pack Energy include silent operation with no fumes or fuel required, safe usage indoors and outdoors, installer-friendly design for easy integration, and the ability to recharge from wall power or solar panels [6]. Leadership Statement - The CEO of Hybrid Power Solutions, Francois Byrne, emphasized that being specified into the tender reflects the strength of the company's technology and the trust being built with contractors and integrators across various sectors [3].
Norsemont Announces Non-Brokered Private Placement
Thenewswire· 2025-08-02 01:15
Core Viewpoint - Norsemont Mining Inc. is initiating a non-brokered private placement to raise up to CAD $3,500,000 for advancing its Choquelimpie Gold-Silver-Copper project in Northern Chile [1][3] Group 1: Private Placement Details - The company plans to issue up to seven million units at a price of CAD $0.60 (USD $0.44) per unit, with each unit consisting of one common share and one-half of one warrant [1] - The warrants will allow holders to purchase one common share at CAD $0.75 (USD $0.55) for two years from the closing date [1] - The first tranche of CAD $2,000,000 is expected to close on August 11, 2025, pending a five-day notice period [1] Group 2: Use of Proceeds - Proceeds from the offering will be allocated to phase 3 drill programs, including deep drilling into copper porphyry zones and high-grade gold zones, as well as general working capital [3] Group 3: Investor Relations and Marketing - The company has engaged Danayi Capital Corp. for investor relations and digital marketing services for a fee of USD $50,000 for one month, with a potential six-month extension [5][6] - Additionally, a marketing services agreement has been established with Altura Media Co Inc. for CAD $20,000 per month, starting August 15, 2025, with options for extension [7] Group 4: Project Overview - Norsemont Mining owns a 100% interest in the Choquelimpie project, which has an initial mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces [10] - The project includes over 1,700 drill holes and significant existing infrastructure, such as roads, power, water, and a 3,000-tonne-per-day mill [10]