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Newlox Gold Closing Of Oversubscribed Private Placement
Thenewswire· 2025-07-29 23:50
Group 1 - Newlox Gold Ventures Corp has successfully closed a private placement that was oversubscribed by $171,320, raising a total of $2,171,320 through the issuance of 31,018,857 units at a price of $0.07 per unit [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire a share at $0.12 until July 28, 2028 [2][4] - The proceeds from the offering will be used for continued milling operations in Costa Rica and for general working capital [6] Group 2 - The company paid a finders' fee of $27,241 and issued 778,314 non-transferable broker warrants as part of the offering [3] - Related party transactions occurred as directors and/or officers of the company subscribed for 9,500,000 units, totaling $665,000, which did not exceed 25% of the company's market capitalization [5] - All securities issued are subject to a statutory hold period of four months and one day [7] Group 3 - Newlox Gold Ventures Corp is focused on recovering gold and silver from artisanal and small-scale mining operations in Latin America, utilizing technology to recover precious metals while also remediating historical mine waste [8]
Germanium Mining Corp. Closes Non-Brokered Private Placement and Debt Settlement
Thenewswire· 2025-07-29 21:50
Core Viewpoint - Germanium Mining Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $175,000 through the issuance of 1,750,000 units at a price of $0.10 per unit, which includes common shares and warrants [1] Group 1: Private Placement Details - Each unit in the private placement consists of one common share and one transferable common share purchase warrant, with each warrant allowing the purchase of an additional share at $0.12 for 24 months [1] - The company has settled $424,753 in accounts payable through the issuance of 4,247,533 common shares at $0.10 per share [1] Group 2: Regulatory Compliance - The company relied on an exception from the requirement to obtain shareholder approval for issuing more than 100% of its issued share capital on a fully diluted basis due to financial hardship and other conditions [2] - Independent Directors of the company determined that the offering is in the best interests of the company and that obtaining shareholder approval was not feasible [2] Group 3: Use of Proceeds - The net proceeds from the private placement will be allocated towards exploration activities and general corporate purposes, including arm's length payables [3] - All securities issued will be subject to a statutory hold period of four months and one day as required under applicable securities legislation [3]
New Age Metals Announces the Passing of its Director John Londry
Thenewswire· 2025-07-29 21:25
Core Points - New Age Metals Inc. announces the passing of director John Londry, expressing condolences to his family and friends [1] - John Londry joined New Age Metals in 2004 as VP Exploration and became a Director in 2009, serving until his passing [2] - Londry had extensive experience in mineral exploration since 1969, working on various projects and holding senior positions at notable companies [2] - CEO Harry Barr highlighted Londry's professionalism, kindness, and sense of humor, stating he will be greatly missed by colleagues [3]
Hammond Manufacturing Company Limited Announces Declaration of Dividend Payment
Thenewswire· 2025-07-29 21:05
Core Points - Hammond Manufacturing Company Limited (HMCL) has declared a dividend of $0.03 per Class A Subordinate Voting Share and $0.03 per Class B Common share, payable on August 22, 2025, to shareholders of record as of August 11, 2025 [1] - The board has not established a formal dividend policy, and no future dividend declarations have been decided [2] - The entire amount of the declared dividend is designated as an "eligible dividend" under the Income Tax Act (Canada) [3] Company Overview - Hammond Manufacturing Company Limited produces a wide range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors, and electronic transformers [4]
Hammond Manufacturing Company Limited Announces Financial Results For The Second Quarter Ending June 27, 2025:
Thenewswire· 2025-07-29 21:05
Core Insights - Year-to-date sales for the company have increased compared to the previous year, but overall earnings have declined due to the impact of tariffs on products sold in the US [1]. Financial Performance - Net product sales for the six months ending June 27, 2025, were $138.492 million, up from $121.030 million for the same period in 2024, representing a year-over-year increase of approximately 14% [1]. - Income from operating activities decreased to $13.254 million for the six months ending June 27, 2025, compared to $14.188 million for the same period in 2024, a decline of about 6.6% [1]. - Net income for the period was $8.630 million, down from $9.169 million in the previous year, reflecting a decrease of approximately 5.9% [1]. - Total comprehensive income for the period was $7.011 million, compared to $10.250 million in the previous year, indicating a significant decline of about 31.5% [1]. - Earnings per share (EPS) for the six months was $0.76, down from $0.81 in the previous year [1]. Company Overview - Hammond Manufacturing Company Limited specializes in manufacturing a wide range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors, and electronic transformers [2].
Armory Mining Corp. Acquires Riley Creek Project Option
Thenewswire· 2025-07-29 20:50
Core Points - Armory Mining Corp. has closed an assignment agreement to acquire a 100% interest in certain mineral claims in Haida Gwaii, British Columbia, which will be part of the Riley Creek Project [1] - The company will issue a total of 10,100,000 common shares as consideration for the assignment, with specific issuance dates and amounts outlined [2] - To exercise the option for the mineral claims, the company must incur $50,000 in exploration expenditures by October 31, 2025, and pay an additional $100,000 by October 31, 2026 [2] - The company has also completed the sale of its Kaslo Silver Property to 2724898 Alberta Inc., receiving $100,000 in cash and 1,500,000 common shares of 2724898 [5][6] - The company controls an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in the Riley Creek antimony-gold project in British Columbia [7]
Herbal Dispatch Announces Equity Private Placement
Thenewswire· 2025-07-29 20:15
Core Viewpoint - Herbal Dispatch Inc. is planning a non-brokered private placement to raise up to $1,000,000, which will support its anticipated export growth and working capital needs [1][2]. Group 1: Private Placement Details - The company intends to issue up to 20,000,000 units at a price of $0.05 per unit, with each unit consisting of one common share and one-half common share purchase warrant [1]. - Each full warrant can be exercised for one common share at a price of $0.08 per share for a period of 24 months after the closing date [1]. - The closing of the private placement is expected before August 29, 2025, and is subject to regulatory approvals [3]. Group 2: Use of Proceeds - Proceeds from the private placement will be utilized for working capital to support the company's expected export growth [2]. Group 3: Company Overview - Herbal Dispatch operates leading cannabis e-commerce platforms and aims to provide high-quality cannabis products at affordable prices [4]. - The company's flagship marketplace, herbaldispatch.com, offers exclusive access to small-batch craft cannabis and various product formats [4].
Stearman Enters Into Option Agreement with F4 Uranium Ltd. for Murphy Lake Property
Thenewswire· 2025-07-29 18:25
Core Viewpoint - Stearman Resources Inc. has entered into an option agreement with F4 Uranium Ltd. to acquire up to a 70% interest in the Murphy Lake uranium property in Saskatchewan, which is strategically located near other significant uranium deposits [1][3]. Financial Terms of the Agreement - Stearman will make a non-refundable cash payment of $50,000 as an initial payment [3]. - To acquire a 50% interest, Stearman must pay a total of $750,000 in cash over 24 months, with specific payment milestones of $150,000 at various intervals [3]. - Stearman is also required to fund $10,000,000 in exploration expenditures over 42 months, with $1,500,000 due at 12 and 24 months [3][7]. - Following the initial option, Stearman can acquire an additional 20% interest by paying $500,000 over 36 months and funding an additional $8,000,000 in expenditures [7]. Joint Venture and Royalty Agreement - Upon exercising the options, a joint venture will be formed for further exploration and development of the property [7]. - Stearman will grant F4 a 2.0% net smelter returns royalty upon the commencement of commercial production at the property [7]. Company Background - Stearman Resources Inc. is focused on mineral exploration and currently owns a 100% interest in the NeoCore Uranium Property in Saskatchewan, along with an option on the Miniac Property in Quebec [5].
Nord Precious Metals Advances Re-2Ox Pilot Plant Process Equipment Selection with SGS Bench-Scale Metallurgical Test Programme
Thenewswire· 2025-07-29 16:05
Core Viewpoint - Nord Precious Metals Mining Inc. is advancing its Re-2Ox metallurgical process to recover critical and precious metals from complex concentrates, addressing a global processing bottleneck due to the closure of deleterious metal-tolerant smelters [1][5][8]. Technical Programme Structure - Phase 1 of the testing program will establish operating parameters through systematic bench testing of the Re-2Ox flowsheet, focusing on alkaline pressure leach testing of concentrate samples [3][4]. - Phase 2 will validate continuous operation at pre-pilot scale by processing a single autoclave batch through downstream circuits, addressing reagent recycling for remote deployments [4]. Market Context - The closure of major smelters has created a processing bottleneck for complex concentrates, which Nord's Re-2Ox technology aims to alleviate by converting penalty-bearing feeds into saleable products [5][8]. Commercial Implications - The bench-scale data will support the company's progression toward Technology Readiness Level 7, positioning the Re-2Ox process for commercial licensing after a pilot demonstration [6][8]. - The ability to process deleterious metal concentrates represents a significant commercial opportunity as global ore grades decline and impurity levels rise [8]. Next Steps - Phase 1 data will enable the production of equipment lists and supplier quotations, refining the capital-cost estimate for a planned one-tonne-per-day Re-2Ox pilot line [8][9]. - The company intends to finance Phase 1 using existing resources and a previously announced C$200,000 MICA grant [8]. Company Overview - Nord Precious Metals operates the only permitted high-grade milling facility in Ontario's Cobalt Camp, focusing on high-grade silver and strategic metals recovery [11]. - The company's flagship Castle property has delineated 7.56 million ounces of silver in inferred resources, with an average grade of 8,582 g/t Ag [11]. - Nord's integrated processing strategy leverages the recovery of multiple metals, including cobalt and nickel, to capitalize on the growing demand for battery materials [12][13].
Baru Gold Places Reclamation Bond in Expectation of Starting Production Operations
Thenewswire· 2025-07-29 14:20
Core Points - Baru Gold Corp. has placed a reclamation bond for the 2025 calendar year for the Sangihe Gold Project, which is a financial guarantee for reclamation and environmental restoration [1][2] - The reclamation bond is a requirement following the approval for Production Operations, allowing for immediate commencement of operations upon formal issuance by the Indonesian Ministry of Energy and Mineral Resources [3] - The CEO of Baru Gold anticipates receiving approval for Production Operations soon, indicating the company's readiness to transition to an active gold producer [4] Company Overview - Baru Gold Corporation is a junior gold developer with NI 43-101 gold resources in Indonesia, a leading gold-producing country [6] - The Sangihe Gold Project covers approximately 25,000 hectares, with only 10% of the gold-bearing area explored to date [4] - The company holds a 70% interest in the Sangihe mineral tenement Contract of Work, with the remaining 30% held by Indonesian corporations [5]