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SPARC AI Closes Non-Brokered Private Placement Offering
Thenewswire· 2025-07-28 13:00
Core Viewpoint - SPARC AI INC. has successfully closed a non-brokered private placement offering, raising $200,000 in gross proceeds to support its operations and growth initiatives [1][2]. Group 1: Private Placement Details - The company issued 1,333,334 units at a price of $0.15 per unit, resulting in net proceeds of $192,000 after expenses [1]. - Each unit consists of one common share and one warrant, allowing the purchase of an additional common share at the same price for a period of twelve months [2]. - The closing date for the issuance of the securities is set for August 1, 2025, with a statutory hold period expiring on December 2, 2025 [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards funding sales and marketing activities as well as general working capital [2]. Group 3: CEO Investment and Oversubscription - CEO Anoosh Manzoori personally invested $100,000 by subscribing to 666,667 shares, indicating strong insider confidence [1]. - Due to oversubscription, the company will not require a previously planned loan of $225,000 from the CEO [4]. Group 4: Company Overview - SPARC AI specializes in developing high-tech solutions for environments where GPS is unavailable, focusing on enhancing perception and awareness [5]. - The company has created an innovative Target Acquisition System and Autonomous Flight solution for drones that do not rely on GPS or other complex technologies [5].
Visionstate Corp. Corporate Update: Advancing Sales, Technology, and ESG Investments
Thenewswire· 2025-07-28 12:50
Core Insights - Visionstate Corp. is making significant progress in sales, technological innovation, and ESG initiatives through its investment in Sol Spaces [1] Business Development and Global Expansion - Visionstate IoT President met with a major U.S. customer to discuss global expansion into the U.K. and Indian markets [2] - In Canada, Visionstate is onboarding new customers, particularly in Ontario, in response to Bill 190, which mandates public washroom cleaning logs [3] Importance of WandaLITE - WandaLITE is a cloud-based digital compliance platform that replaces paper-based restroom cleaning logs with a real-time system, enhancing hygiene and safety [4] - The technology helps facility managers monitor cleaning schedules and respond to maintenance issues, thereby improving operational transparency and service quality [5] AI Development - Visionstate's AI development project is nearing completion, with discussions ongoing with large building service contractors to implement the technology [5] - The AI model aims to optimize work schedules and cleaning routes, enhancing efficiency in service delivery [5] ESG Initiatives through Sol Spaces - Sol Spaces is deploying climate-resilient greenhouses and has developed greenhouse kits for direct shipping, reflecting strong interest in local food production [6] - The company is also working on commoditizing studio units as alternatives to homeless encampments, combining sustainability and technology for transitional housing [7]
Dolly Varden Silver Expanded Drill Program Targets Wolf Vein Extension and Big Bulk
Thenewswire· 2025-07-28 12:30
Core Viewpoint - Dolly Varden Silver has expanded its drilling program from 35,000 meters to 55,000 meters, reflecting strong shareholder support and a successful start to the exploration season, aimed at testing key targets and expanding the high-grade silver zone at the Wolf Vein [1][2]. Company Developments - The company has completed a year of aggressive drilling, growth, and acquisitions, increasing its land package from 7,000 hectares to 100,000 hectares, a 1,400% increase, and boosting its market capitalization from $20 million to $440 million, a 2,200% increase [3]. - Dolly Varden Silver has drilled 141,000 meters over five years, consistently hitting high-grade silver and gold [3]. - The company is strategically using its shares for acquisitions, preserving cash while acquiring assets from companies that are not in strong positions [4]. Drilling Strategy - The drilling will prioritize the Wolf vein extension, with systematic step-outs and infill drilling, while also testing multiple silver, gold, and copper targets at the Kitsault Valley and Big Bulk Projects [7][8]. - A fifth drill rig has been mobilized to enhance drilling efforts, and the company is employing directional drilling to reduce total meters drilled while maintaining the number of mineralized intercepts [11][12]. - The estimated 55,000 meters of drilling includes re-drilled mother hole lengths, with actual new core expected to be around 41,000 meters [12]. Geological Exploration - The company is intensifying geological fieldwork, including mapping and sampling of underexplored areas within its consolidated claim packages, which will help develop drill targets for future exploration programs in late 2025 and 2026 [15]. - The Big Bulk porphyry system is being drilled for the first time, with three drill holes planned to test a large resistivity and chargeability anomaly at depth [9].
Rackla Metals is pleased to provide a project update on drilling and other developments at the Grad Property, NWT
Thenewswire· 2025-07-28 11:00
All holes drilled to date have shown a consistent set of sheeted quartz/sulphide+tourmaline veins, with vein density averaging between 5 to 10 per metre and occasionally higher (Figure 1). The veins and vein margins contain bismuth sulphides, chalcopyrite and pyrrhotite. Sections of strongly sericitized quartz-diorite have been observed in all holes to date. These intensely altered sections exhibit less veining, but host disseminated bismuth sulphides. The first three holes have been logged and are currentl ...
Green Star Royalties Highlights NativState's Carbon Credit Offtake Agreement with TotalEnergies
Thenewswire· 2025-07-28 11:00
Core Insights - Star Royalties Ltd. through its joint venture Green Star Royalties Ltd. has highlighted NativState LLC's strategic agreement with TotalEnergies for the acquisition of carbon credits from 13 Improved Forest Management projects in the southeastern United States [1][4] - The agreement involves a total of 247,000 acres across four U.S. states and includes over 280 private family forest landowners, promoting sustainable forestry practices and generating certified carbon credits [4] Company Overview - Star Royalties Ltd. is a precious metals and carbon credit royalty and streaming company, aiming to create wealth through accretive transactions that align with both counterparties and shareholders [7] - The company offers investors exposure to precious metals and carbon credit prices through its joint venture, Green Star Royalties Ltd., which has innovated the world's first carbon credit royalties [7] Strategic Developments - The long-duration off-take agreement ensures that all carbon credits generated will be certified by the American Carbon Registry, with TotalEnergies focusing on emission avoidance and reduction credits from 2030 onward [4] - TotalEnergies plans to invest US$100 million annually to build a portfolio capable of generating at least 5 million metric tons of CO2e carbon credits per year by 2030, aligning with its climate roadmap [4]
Electrum Discovery Reports Results of its Annual and Special Meetings of Shareholders and Welcomes Michael Williams and John Anderson to the Board of Directors
Thenewswire· 2025-07-28 06:00
Core Viewpoint - Electrum Discovery Corp. successfully held its Annual General and Special Meeting, with shareholders approving all items proposed by the Board of Directors and management [1]. Board of Directors - Michael Williams and John Anderson were elected to the Board, replacing Eric Rasmussen and R. Michael Jones [2]. - Michael Williams brings 29 years of mining industry experience and has held leadership roles in several public companies, including serving as Executive Chairman of Aftermath Silver [3]. - John Anderson has over 20 years of capital markets experience in the resource sector and has been involved in founding multiple start-up companies [4]. Voting Results - The voting results showed overwhelming support for the number of directors, with 99.99% voting in favor [5]. - Specific votes included: - Appointment of Smythe LLP as auditors received 100% approval [5]. - The Stock Option Plan received 92.02% approval, while the Equity Incentive Compensation Plan received 90.32% approval [5]. - The proposal for corporate jurisdiction continuance to the Abu Dhabi Global Market received 99.60% approval [5][6]. Corporate Strategy - The decision to continue the corporate jurisdiction to the Abu Dhabi Global Market was made for strategic reasons, with the timing subject to Board discretion and regulatory approvals [6][7]. - Electrum Discovery Corp. focuses on mineral exploration and development in the Western Tethyan Belt, with significant projects in Serbia [7]. Project Details - The Timok East project covers 123 square kilometers in the Timok copper-gold region, located near the Bor Mining Complex [7]. - The Novo Tlamino project has an inferred mineral resource estimate of 670,000 oz AuEq, with a Preliminary Economic Assessment conducted in January 2021 [8].
Bolt Metals Announces Debt Settlements
Thenewswire· 2025-07-26 01:00
Core Viewpoint - Bolt Metals Corp. has entered into debt settlement agreements to resolve outstanding debts totaling CAD $117,535 by issuing 11,753,500 common shares at a deemed price of CAD $0.01 per share, aiming to preserve cash for working capital [1][2]. Group 1: Debt Settlement Details - The total outstanding debt being settled is CAD $117,535 [1]. - The company will issue 11,753,500 common shares at a price of CAD $0.01 per share as part of the settlement [1]. - All shares issued will be subject to a hold period of four months and one day [1]. Group 2: Company Strategy - The board of directors believes that completing the debt settlement is in the best interests of the company to preserve cash for working capital [2]. - The company focuses on the development of quality precious and base metal properties with high-upside and expansion potential [4]. Group 3: Company Overview - Bolt Metals Corp. is based in Vancouver, BC, and is involved in mineral acquisition and exploration [4]. - The company has strategic properties including Soap Gulch, a copper SEDEX project in Montana, and Switchback, a copper-silver project in British Columbia [4]. - Bolt trades on multiple exchanges, including the CSE under the symbol BOLT and the OTCQB under the symbol PCRCF [4].
First Canadian Graphite Inc. - Private Placement Closing 2nd Tranche
Thenewswire· 2025-07-25 23:15
Financing Details - First Canadian Graphite Inc. plans to close a second and final tranche of financing amounting to $144,000, issuing 1,800,000 units at $0.08 per unit, with each unit consisting of one common share and one warrant exercisable at $0.10 for three years [1][2] - The proceeds from this private placement will be allocated for working capital purposes [1] Insider Participation - Two insiders subscribed for a total of 850,000 units, which qualifies as a "related party transaction" under Multilateral Instrument 61-101, but is exempt from formal valuation and minority shareholder approval requirements [5] - Brahma Communications Corp., owned by Thomas Yingling, the President and Director, subscribed for 600,000 units at $0.08, increasing his total holdings to approximately 11.1% of the company's outstanding shares [6] Regulatory Compliance - The closing of the financing is contingent upon receiving all necessary regulatory approvals from the TSX Venture Exchange [2] - All securities issued will be subject to a four-month plus one-day hold from the date of issuance [3] Company Disclosures - The company confirms that there are no undisclosed material facts or changes related to its operations [4]
Nord Precious Metals Closes First Tranche of Non-Brokered Private Placement and Announces Additional Private Placements
Thenewswire· 2025-07-25 22:55
Core Viewpoint - Nord Precious Metals Mining Inc. has successfully closed the first tranche of a non-brokered private placement financing, raising gross proceeds of $180,400 and plans to raise an additional $1,319,600 in the coming weeks through further issuance of units at the same price [1][4]. Financing Details - The first tranche involved the issuance of 1,503,333 units at a price of $0.12 per unit [1]. - The company plans to issue up to 10,996,667 additional units at the same price, potentially raising up to $1,319,600 [1]. - Finder's fees of $1,428 cash and 11,900 non-transferable finder warrants were paid in connection with the first tranche [2]. - Each unit consists of one common share and one share purchase warrant, with warrants exercisable at $0.155 per share for five years [3]. Flow-Through Units - The company announced a separate financing of 7,142,857 flow-through units at a price of $0.14 per unit, aiming to raise $1,000,000 [4]. - Finder's fees for this financing will be 7% cash and 7% in finder warrants, with warrants exercisable at $0.20 per share for two years [4][5]. Use of Proceeds - Proceeds from the unit private placement will be allocated for exploration on the Castle East Project in Gowganda, Ontario, as well as for general working capital and administrative costs [6]. - Funds from the flow-through unit private placement will also be directed towards exploration on the Castle East Project [6]. Company Overview - Nord Precious Metals Mining Inc. operates the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, focusing on high-grade silver discovery and strategic metals recovery [8]. - The company's flagship Castle property includes 63 square kilometers of exploration ground and has delineated 7.56 million ounces of silver in inferred resources with an average grade of 8,582 g/t Ag [8]. - The integrated processing strategy allows for the recovery of multiple metals, including cobalt and nickel, supporting the growing demand for battery materials [9]. Strategic Assets - The company holds a strategic portfolio of battery metals properties in Northern Quebec, including a 35% ownership in Coniagas Battery Metals Inc. and the St. Denis-Sangster lithium project [10].
Pinnacle Increases Non-Brokered Private Placement
Thenewswire· 2025-07-25 19:35
Group 1 - Pinnacle Silver and Gold Corp. is increasing its non-brokered private placement to raise gross proceeds of up to $1,650,000 due to strong investor demand [1] - The Offering will consist of up to 27,500,000 units priced at $0.06 each, with each unit comprising one common share and one-half share purchase warrant [1] - The whole warrant is convertible into an additional share at an exercise price of $0.10 for a period of 24 months from the date of issuance [1] Group 2 - The net proceeds from the Offering will be used to advance the high-grade El Potrero gold-silver project in Durango, Mexico, and for general working capital [2] - All securities issued will be subject to a four-month hold period and require TSX Venture Exchange approval [3] - The securities offered have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption [3] Group 3 - Pinnacle is focused on district-scale exploration for precious metals in the Americas, particularly the high-grade Potrero gold-silver project in Mexico's Sierra Madre Belt [4] - The company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project in the Red Lake District of northwestern Ontario [4] - Pinnacle is committed to building long-term, sustainable value for shareholders with a seasoned management team and quality projects [4]