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New Age Metals Closes Second Finance Tranche Raising An Additional $933,399.36 With Eric Sprott Subscribing To $2 Million In The First Tranche
Thenewswire· 2025-10-10 12:00
Core Viewpoint - New Age Metals Inc. has successfully closed the second tranche of a non-brokered private placement financing, raising a total of $933,399.36, contributing to an aggregate total of $3,383,399.56 from both tranches [1] Financing Details - The second tranche involved the issuance of 3,068,846 flow-through units at $0.26 each and 615,906 non-flow-through units at $0.22 each [1] - The first tranche saw Mr. Eric Sprott, the largest shareholder, subscribe for $2,000,000, acquiring 9,090,910 units, resulting in his ownership of approximately 37.4% of the company on a partially diluted basis before the second tranche [1][4] Unit Composition - Each flow-through unit consists of one common share and one half of a share purchase warrant, with the whole warrant allowing the purchase of an additional common share at $0.40 for three years [2] - Each non-flow-through unit also consists of one common share and one half of a share purchase warrant, with the same terms as the flow-through units [3] Use of Proceeds - Proceeds from the flow-through units will be allocated for exploration and development of projects in Newfoundland, Ontario, and Manitoba, while proceeds from non-flow-through units will be used for exploration and general working capital [6] Project Highlights - The flagship asset is the River Valley Palladium-Platinum Project, one of the largest undeveloped primary palladium projects in North America, currently in the development stage with a Preliminary Economic Assessment released in 2023 [4][9] - The price of palladium has increased by approximately 65% and platinum by 80% over the last six months, indicating a favorable market environment for the company's projects [4] Ongoing Programs - Phase 2 of the Newfoundland Gold-Antimony Division summer/fall field program is underway, with promising results from Phase 1 [4] - The company is awaiting assay results from the summer Phase 1 field program on its Genesis PGM-Cu-Ni Project in Alaska, with plans for Phase 2 development [4] Strategic Partnerships - The company has a long-standing option agreement with Mineral Resources Ltd., which is funding NAM's Lithium Division [4][11] - NAM is actively seeking new mineral acquisition opportunities on an international scale, aiming to generate projects for optioning with major and junior mining companies [16]
Happy Creek Provides Corporate Update
Thenewswire· 2025-10-10 11:00
Corporate Update - Happy Creek Minerals Ltd. announces the retirement of CFO Richard Lee after over 15 years of service and welcomes Mathew Lee as the new CFO and Corporate Secretary [1][2] Highland Valley Sale Agreement - The company has amended the asset purchase agreement with Metal Energy Corp. for the Highland Valley Project, providing a nine-month extension to milestone payments and financing obligations [3] - The updated terms include a total of $6 million in milestone equity payments to be issued in shares by Metal Energy over the next four years, starting with $1 million on August 6, 2026, and culminating in $2.5 million on August 6, 2029 [3] - Metal Energy is required to complete an equity financing of at least $1.5 million by August 6, 2026 [3] Cariboo Project Royalty Agreements - Happy Creek has confirmed ownership of a 2.5% Net Smelter Return royalty over the original Cariboo Project mineral claims and extinguished its previous right to buy down 1% of the Cariboo Property NSR [5] - In exchange for extinguishing the buy-down rights, Happy Creek received a cash payment of $25,000 from the Cariboo Royalty Buyers [6] Issuance of Corporate Options - The company has granted 4,700,000 incentive stock options to directors, officers, and consultants, each exercisable at a price of $0.13 per share for a term of five years, with all options vesting upon grant [7]
Fuse Battery Metals Announces Additional Director
Thenewswire· 2025-10-10 02:05
Coquitlam, BC – TheNewswire - October 9, 2025 – Fuse Battery Metals Inc. (“the Company“ or “Fuse”) (TSXV: FUSE, OTCQB: FUSEF FRA:43W3) is pleased to announce that effective today, it has appointed Andrew Gertler as a Director of the Company. Andrew Gertler brings a wealth of insight to his role as a board director, drawing on a 40-year career in business with a specialized focus on alternative investments, including real estate and distressed debt. His expertise was honed through leadership positions a ...
On October 7, the Nasdaq Listing and Hearing Review Council affirmed a decision by the Nasdaq Hearing Panel to delist the Company's securities, based on a failure to meet the minimum bid price requirement, without having to decide on the issue of "public
Thenewswire· 2025-10-09 21:10
Core Viewpoint - Femto Technologies Inc. has been affirmed for delisting from the Nasdaq Stock Market due to non-compliance with the Minimum Bid Price requirement, as determined by the Nasdaq Listing and Hearing Review Council [1][2] Group 1: Delisting Decision - The Nasdaq Listing and Hearing Review Council upheld the decision of the Nasdaq Hearing Panel to delist Femto's securities based on technical reasons related to the company's failure to meet the Minimum Bid Price requirement [2] - The Council indicated that the violation of the Bid Price Rule was sufficient grounds for the delisting, without needing to assess public interest considerations [2] Group 2: Future Actions - The company is contemplating a request for the Nasdaq Board of Directors to review the Council's decision, as permitted under Nasdaq Rule 5825 [2] - Femto may also pursue a review with the Securities and Exchange Commission and federal courts, while exploring listing options on other stock exchanges [3] Group 3: Operational Continuity - Despite the delisting, the company is committed to executing its recovery plan aimed at improving its capital structure and will continue its research and development activities [3] - Femto plans to promote sales of its products as scheduled, indicating ongoing operational efforts [3] Group 4: Company Overview - Femto Technologies Inc. is a femtech company focused on wellness technology, emphasizing AI-driven solutions to enhance well-being through innovative product development [4]
Lincoln Gold Closes Convertible Note Unit Issuance
Thenewswire· 2025-10-09 20:05
Vancouver, BC, October 9, 2025 – TheNewswire - Lincoln Gold Mining Inc. (TSX.V: LMG) (“Lincoln Gold” or the “Company”) is pleased to announce that it has closed the previously announced convertible note unit (the "Note Units") issuance for gross proceeds of C$200,000.00 to Ian Rogers (the "Note Holder"). Each Note Unit is comprised of one unsecured convertible debenture of the Company (each, a "Note"), and such number of common share purchase warrants in the capital of the Company ("Warrants") equal to th ...
Lexaria Bioscience Corp. Provides Strategic Update
Thenewswire· 2025-10-09 13:20
Core Insights - Lexaria Bioscience Corp. has engaged a global life science business development advisory firm to enhance its business development activities and identify collaborative opportunities in the pharmaceutical and biotechnology sectors [3][4][6] - The company has been awarded four new patents, expanding its intellectual property portfolio and supporting its strategic R&D programs in various therapeutic areas [9][10] Business Development - Lexaria has validated its DehydraTECH technology for applications in diabetes control, weight loss, hypertension, seizure disorders, anti-viral treatments, and hormone replacement [2] - The recent equity financing raised $4.0 million, enabling Lexaria to expand its strategic outreach and R&D activities into 2026 [4][7] - The engagement of the advisory firm is expected to facilitate new outreach activities and strengthen business connections within the pharmaceutical industry [3][6] Research and Development - Lexaria's R&D programs are designed to evolve alongside its business development efforts, with a focus on building strategic connections in the pharmaceutical and biotechnology sectors [5][6] - The company anticipates results from a Phase 1b Australian study in the GLP-1 sector, which is expected to demonstrate patient safety and efficacy with DehydraTECH processing [8] - The newly awarded patents cover therapeutic applications in diabetes, hypertension, seizure disorders, and antiviral treatments, enhancing the company's R&D capabilities [9][10]
[Video Enhanced] West Red Lake Gold Books Q3 Gold Sales of CND $33 Million as Mine Ramps Up
Thenewswire· 2025-10-09 12:30
Vancouver, BC, October 9, 2025 – TheNewswire - Global Stocks News - Sponsored content disseminated on behalf of West Red Lake Gold. On October 7, 2025, West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) provided a Q3 update on the ramp-up of the Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.In an October 8, 2025 YouTube video, West Red Lake Gold VP Communications, Gwen Preston, explained the significance of the Q3 ramp-up update.Fiore Group companies are renowned for ...
NexMetals Step-Out Holes at Selebi North Validate Down-Plunge Continuity
Thenewswire· 2025-10-09 12:30
Core Insights - NexMetals Mining has confirmed significant mineralization at Selebi North, with a 32.60-meter continuous mineralization interval, including 19.90 meters of massive sulphide [1][8][22] Company Overview - NexMetals Mining owns two previously producing Cu-Ni-Co mines in Botswana, a mineral-rich Tier 1 mining jurisdiction [2] - The Selebi mining complex has a history of production, with operations running for over four decades and a capacity of up to 10,000 tonnes per day [2] Recent Developments - The recent drilling results at Selebi North validate the continuity of mineralization and will be incorporated into an updated Mineral Resource Estimate (MRE) [5][22] - The drilling program at Selebi North has been aggressive, with multiple significant results reported over the past six months, including a notable 27.55 meters of 4.97% CuEq [10] Infrastructure and Operations - The Selebi North Mine is equipped with a 3.5-meter diameter shaft and a twin 7° decline trucking ramp, facilitating efficient drilling campaigns [5][6] - The infrastructure supports cost-effective exploration and development activities [6] Market Context - There is a growing demand for critical metals, particularly copper, driven by the green energy transformation, with copper prices increasing by 109% over the last five years [21] - Botswana's government is focusing on diversifying its economy beyond diamonds, with copper production seen as a key area for economic growth [18][19] Future Prospects - The results from the recent drilling will support potential resource expansion at Selebi North, with additional assays pending for further confirmation of mineralization scale and continuity [22]
Blue Lagoon Highlights Optimal Market Timing as Underground Mining Advances at Dome Mountain
Thenewswire· 2025-10-09 12:05
Core Viewpoint - Blue Lagoon Resources Inc. has commenced underground mining at its Dome Mountain Gold Project, coinciding with record-high gold prices, positioning the company favorably in the current market environment [1][2][3]. Company Overview - Blue Lagoon Resources Inc. is a Canadian-based mining company focused on its 100% owned Dome Mountain Gold Project in British Columbia, operating in a highly attractive mining jurisdiction [5]. - The company achieved a significant milestone in February 2025 by obtaining a full mining permit, one of only nine issued in British Columbia since 2015 [6]. Mining Operations - The start of underground operations marks Blue Lagoon's transition from development to production, with the first gold sales targeted for Q4 2025 [2][6]. - Mined mineralized material will be processed under a long-term toll milling agreement with Nicola Mining Inc., which has been extended to a 10-year term [3][6]. Market Context - Spot gold prices have surpassed US$4,000 per ounce, driven by geopolitical and economic risks, central bank purchases, and strong investor demand, suggesting a continued favorable environment for gold [4]. - The company aims to leverage this market backdrop to enhance operational efficiency and shareholder value without further dilution [4]. Strategic Goals - Blue Lagoon is committed to sustainability and community engagement, with the objective of becoming a profitable, cash-flowing gold producer while creating lasting value for shareholders and stakeholders [7]. - The production decision at Dome Mountain is based on existing mining infrastructure and established mineral resources, rather than a feasibility study, indicating a higher risk of failure [8].
Gamma Resources Closes $1,320,000 Private Placement
Thenewswire· 2025-10-09 12:00
VANCOUVER, British Columbia, October 9, 2025 – TheNewswire - Gamma Resources Ltd. (TSX-V: GAMA; OTCPK: MLLOF; Frankfurt: MRDN) (“Gamma” or the “Company”) is pleased to announce the closing of the second and final tranche of its non-brokered private placement (the “Private Placement”) for gross proceeds of $668,940. Further to the Company’s news releases of August 25, September 5 and September 30, 2025, the company has raised aggregate gross proceeds of $1,320,000 in the offering.The Private Placement consis ...