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MetalQuest Mining Completes Oversubscribed Private Placement
Thenewswire· 2025-07-31 10:45
Core Viewpoint - MetalQuest Mining Inc. has successfully completed a non-brokered private placement, raising $517,296 through the issuance of 7,389,943 units, subject to final approval from the TSX Venture Exchange [1][2]. Financing Details - Each unit consists of one common share and one non-transferable share purchase warrant, allowing the holder to purchase an additional common share at $0.10 for three years [2]. - The proceeds will be allocated for exploration, development, and general working capital [2]. Insider Participation - New Age Metals Inc. will increase its ownership in MQM from approximately 6.44% to 19.05% post-conversion, becoming a new insider [2][4]. - Existing insiders and control persons purchased a total of 4,868,000 units, qualifying as a related party transaction [4]. Regulatory Compliance - All securities from the private placement are subject to a four-month hold period under Canadian Securities Laws [3]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the nature of the transaction [4]. Shareholder Control - Prior to the offering, Mr. Harry Barr controlled 8,616,438 common shares, which could increase to approximately 33.28% post-offering if stock options are exercised [5]. - After the offering, Barr's control could rise to approximately 47.27% of the company's outstanding shares, while New Age Metals could control about 19.05% [8][9]. Company Overview - MetalQuest Mining owns 100% of the Lac Otelnuk Iron Ore Project in Quebec, which is one of the largest iron ore projects in North America [12]. - The company has invested approximately $150 million in the project and is working with the Naskapi First Nation on exploration and pre-development [12]. - A comprehensive gap analysis of the historic feasibility study is being conducted to align with current market dynamics and regulatory standards [12].
Baru Gold Executives Engage in Open Forum with Sangihe Regency Government
Thenewswire· 2025-07-31 10:00
Core Viewpoint - Baru Gold Corp. is actively engaging with local government and communities in Sangihe Islands to ensure transparent communication and alignment on resource management, economic development, and environmental protection [1][2][4]. Licensing and Regulatory Framework - The authority to issue mining licenses is solely with Indonesia's Central Government, which the Sangihe Regency fully accepts [5]. - Baru Gold has met all conditions necessary for approval of Production Operations as mandated by the Central Government, with preparations underway for operations [6]. Environmental Stewardship - Environmental protection is a core pillar of Baru Gold's operational strategy, with a valid environmental permit (AMDAL) and a comprehensive restoration plan approved by the Central Government [7][8]. - The company has placed a bond as a financial guarantee for environmental remediation, ensuring compliance with reclamation standards [9]. - The Board includes environmentalist Dr. Shidan Murphy, emphasizing the company's commitment to balancing environmental protection with development [10]. Economic Impact and Community Wellbeing - The local government supports economic growth opportunities, and Baru Gold is expected to become the largest employer on Sangihe Island, prioritizing local residents for hiring [12][13]. - The company will create business opportunities for local vendors and is already the largest taxpayer on the island, with anticipated revenue growth for infrastructure improvements [14][15]. - Both the Sangihe Regency Government and Baru Gold share objectives focused on balancing environmental protection with local economic and social interests [16]. Company Overview - The Sangihe Gold Project spans approximately 25,000 hectares, with only 10% explored, and is supported by an existing National Instrument 43-101 report for mining planning [18]. - Baru Gold holds a 70% interest in the Sangihe mineral tenement Contract of Work (CoW), with a 30-year agreement upon commencement of production [20]. - The company is positioned as a dynamic junior gold developer in Indonesia, leveraging extensive experience in small-scale gold asset operations [21].
Germanium Mining Corp. Corporate Update
Thenewswire· 2025-07-31 02:25
Core Viewpoint - Germanium Mining Corp. has applied for a Management Cease Trade Order (MCTO) due to a delay in filing its annual financial statements and related documents [1][2]. Group 1: Delay in Filings - The company anticipates a delay in filing its annual financial statements, management's discussion and analysis, and related CEO and CFO certifications for the financial period ended March 31, 2025, which were due by July 29, 2025 [2]. - The delay is attributed to a holdup in funding the audit, but the company is working diligently with its auditor to complete the required filings and expects to file by August 30, 2025 [2][3]. Group 2: Management Cease Trade Order (MCTO) - The company is applying for an MCTO, which, if granted, will restrict trading in its securities by the CEO, CFO, and other insiders until the required filings are submitted [3]. - The MCTO will not affect the ability of other shareholders to trade in the company's securities [3]. Group 3: Compliance and Reporting - The company intends to comply with the alternative information guidelines set out in NP 12-203 and will issue bi-weekly default status reports while the required filings remain outstanding [4]. - The company confirms it is not subject to any insolvency proceedings and has disclosed all material information regarding its affairs [4].
Newlox Announces Delay in Filing of its Audited Financial Statements
Thenewswire· 2025-07-31 00:40
July 30, 2025 - CSE: LUX – TheNewswire - Toronto, Ontario – Newlox Gold Ventures Corp. (the "Corporation") announced today that it was not able to file its audited financial statements for its fiscal year ended March 31, 2025 (the "Annual Financial Statements") and accompanying management's discussion and analysis and related Chief Executive Officer and Chief Financial Officer certificates relating thereto (collectively, the "Required Filings") before the prescribed deadline of July 29, 2025. The British Co ...
New Age Metals Announces Board Change
Thenewswire· 2025-07-30 21:10
Core Viewpoint - New Age Metals Inc. has appointed Curtis Freeman to its Board of Directors, effective immediately, following the passing of a previous director [1][3]. Company Overview - Curtis Freeman is a U.S. Certified Professional Geologist and licensed in Alaska, with extensive experience in mineral exploration across various regions including Alaska, Yukon, and parts of South America and Africa [2]. - The company expresses enthusiasm about Mr. Freeman's appointment, highlighting his respected status and experience in exploring and developing successful projects globally [3]. Management Commentary - CEO Harry Barr stated that the management team is looking forward to collaborating with Mr. Freeman to advance the company's objectives [3].
Noble Announces Filing of NI 43-101 Technical Report for Previously Announced Mann Central and Mann West Initial Resources
Thenewswire· 2025-07-30 14:15
TORONTO – TheNewswire - July 30, 2025 – Noble Mineral Exploration Inc. ("Noble" or the "Company") (TSXV: NOB) (OTCQB: NLPXF) today announced that the Company has filed on SEDAR+ an independent technical report (the "Report") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") supporting the initial mineral resource estimate for its Mann Nickel Sulphide Project (the "Mann Project") which consists of the Mann West and Mann Central Properties and ...
Ocumetics Receives Ethics Committee Approval for First-In-Human Clinical Study of Accommodating Intraocular Lens
Thenewswire· 2025-07-30 13:00
Core Insights - Ocumetics Technology Corp. has received verbal approval from the ethics committee for its first in-human study of the Ocumetics accommodating intraocular lens, with formal written approval expected by August 5, 2025 [1][2] Group 1: Clinical Study Approval - The ethics committee's approval is a significant milestone in Ocumetics' 18-year journey to innovate vision care, allowing the company to proceed with the first clinical use of the Ocumetics Lens [2] - The approved clinical study protocol includes clinical procedures, safety monitoring, inclusion and exclusion criteria, and study endpoints, ensuring compliance with international standards for patient safety and scientific integrity [2] Group 2: Collaboration and Development - The study will be conducted in collaboration with a recognized regulatory consulting group that contributed to the protocol development and submission to regulatory agencies [3] - The approval reflects the strength of the study protocol and the readiness of the clinical team, marking a major advancement in intraocular lens development [4] Group 3: Product Overview - Ocumetics has developed an innovative intraocular lens designed to fit within the natural lens compartment of the eye, potentially eliminating the need for corrective lenses [5] - The lens allows the eye's natural muscle activity to shift focus from distance to near, providing clear vision at all distances without glasses or contact lenses [5]
New Age Metals Receives Approval for Junior Exploration Assistance Rebate to Advance Newfoundland Antimony-Gold Project
Thenewswire· 2025-07-30 12:20
Core Insights - New Age Metals Inc. has received formal approval under Newfoundland and Labrador's Junior Exploration Assistance Program, enabling the company to advance its exploration projects in the region [1][2] - The project has been designated as a "Critical Minerals as a Primary Exploration Target," ensuring eligibility for funding from Critical Minerals Assistance and Provincial Critical Mineral Assistance streams [2] - The company is preparing for a Phase 2 exploration program following a successful Phase 1 program, with a budget of approximately $225,000 and potential rebate support of up to 40% of eligible costs [4][5][6] Exploration Program Details - The Phase 2 field program will include geological mapping, prospecting, and various sampling methods, with a focus on the Antimony Ridge property [6][7] - The total area of the Antimony Ridge and Citadel properties is 3,775 hectares, which are located near hydroelectric power and communities, providing access to a skilled workforce [9][8] - The company has entered into an Option Agreement to acquire a 100% interest in the Antimony Ridge Property, enhancing its geological potential [8] Financial Support and Incentives - The JEA Program aims to expand the mineral inventory of Newfoundland and Labrador, providing funding through a combination of provincial and federal grants [10] - The potential rebate for eligible exploration activities is estimated at $71,975, with a maximum rebate of $150,000 per project [6][12] - The JEA Program is designed to support junior companies in critical mineral exploration, with a total funding pool of $3.9 million [10]
Silver North Planning Main Fault Follow-Up Drilling at Haldane Silver Property, Yukon
Thenewswire· 2025-07-30 12:00
Core Viewpoint - Silver North Resources Ltd. is set to commence its 2025 exploration program at the Haldane Property, focusing on expanding the discovery made at the Main Fault in 2024, which has shown high-grade silver and gold intersections [2][4]. Exploration Program Details - The 2025 program will consist of a ten-hole diamond drilling initiative, totaling approximately 2,500 meters, aimed at expanding Keno-style silver lead-zinc mineralization at the Main Fault target [2][3]. - High-grade silver intersections reported include 1.83 meters averaging 1,088 g/t silver and 3.90 g/t gold, and wider intersections of 5.81 meters averaging 365 g/t silver and 0.23 g/t gold [2]. - One hole will test the continuity of mineralization approximately 60 meters down dip from a previous intersection, while the remaining holes will be adjusted based on logistical considerations and visual results [2]. Operational Support - Paycore Diamond Drilling has been engaged as the drill contractor, and Hardline Exploration Services Ltd. will provide staffing and camp support for the exploration program [3]. - The program is expected to commence in mid-August 2025 [3][4]. Company Overview - Silver North Resources Ltd. owns the Haldane Silver Project, located adjacent to Hecla Mining Inc.'s Keno Hill Mine project, and is also involved in other projects in the Silvertip/Midway District [7][9]. - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the United States under the symbol "TARSF" [10].
Planet Ventures Increases Convertible Debenture Financing to $6,000,000 Led By CEO and Strategic Investor
Thenewswire· 2025-07-30 12:00
Core Viewpoint - Planet Ventures Inc. has increased its convertible debenture financing from CAD $5,000,000 to CAD $6,000,000, indicating strong confidence in its business model focused on Bitcoin acquisition [1][2]. Financing Details - The financing will be fully subscribed by the CEO, Etienne Moshevich, and a strategic investor, reflecting their commitment to the company's vision [2]. - The Debentures will have a 12% annual interest rate and a 24-month term, with a conversion price of $0.50 per share [2]. - The loan will be secured against the company's assets and is subject to customary closing conditions and regulatory approvals, expected to close by August 15 [3]. Insider Participation - Certain insiders may participate in the offering, which will be classified as a related party transaction under Multilateral Instrument 61-101 [4]. - The company plans to rely on exemptions from formal valuation and minority shareholder approval requirements, as the transaction will not exceed 25% of the company's market capitalization [4]. Current Holdings - As of the announcement, Planet Ventures holds 28.8 Bitcoin on its balance sheet, positioning itself strategically in the Bitcoin market [3].