Thenewswire

Search documents
Opawica Drills 6.12 G/T AU, 3.65 G/T AU, AND 2.15 G/T AU, AND 67.9 m of 0.84 G/T Au At Bazooka Property (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF)
Thenewswire· 2025-07-10 11:25
Core Insights - Opawica Explorations Inc. announced positive drill results from its Bazooka Property, indicating gold mineralization in every hole drilled, showcasing strong continuity of mineralization [2][4][18] - The company completed 3,359 meters of drilling across 14 holes, with 978 samples submitted for analysis, highlighting the extensive exploration potential with approximately 80% of the property remaining undrilled [1][2][15] Drill Program Highlights - The initial Phase 2 drill program at the Bazooka project revealed 19 gold mineralized zones, with 15 zones carrying grades above 0.55 g/t up to 6.12 g/t Au [4][12] - Significant intercepts include 67.9 meters at 0.84 g/t Au, with a notable inclusion of 7.5 meters at 3.65 g/t Au [5][12] - The geological team observed consistent mineralization continuity across the project, with 7,000 meters of high-priority targets still to be explored [2][4] Geological and Technical Insights - The drill targets were developed from detailed structural interpretations and 3D modeling, contributing to an updated geological model that incorporates various geological features [1][2] - Many intercepts are hosted in sericitized greywacke with arsenopyrite, typical of gold-bearing zones in the Abitibi Greenstone Belt, indicating a structurally controlled mineralized system [6][12] Future Plans and Strategic Initiatives - The company plans to continue drilling the remaining high-priority targets on the Bazooka Property to expand and better define the identified mineralized zones [15][23] - Opawica has identified 59 high-priority drill targets across the Bazooka and Arrowhead properties, supported by advanced geological modeling and AI-driven analysis [16] - The company has secured drilling contractors and established drill targets totaling over 20,000 meters planned across Bazooka and Arrowhead for the 2025 program [16][18] Recent Accomplishments - Opawica has made significant strides in exploration and corporate development, enhancing its position for continued growth and value creation [14][18] - The company successfully completed a cross-border listing on the OTCQB, improving liquidity and access to North American capital markets [16][18]
Avrupa Minerals Submits Mining License Application for Sesmarias VMS Project, Portugal
Thenewswire· 2025-07-09 21:25
Core Points - Avrupa Minerals Ltd. has submitted a Mining License Application for its 100%-owned Sesmarias copper-zinc VMS project in Portugal, marking a significant milestone after nearly 15 years of work in the region [1][2] - The application will be reviewed by the Portuguese Mining Bureau, which may request further clarifications before making a decision [1] - The company is actively seeking a mining partner to advance the Sesmarias project [2] Company Overview - Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company focused on discovering mineral deposits using a hybrid prospect generator business model [3] - The company holds one 100%-owned license in Portugal (Alvalade VMS Project) and has a 49% stake in the joint venture company AVU Kosova, which operates the Slivova Gold Project in Kosovo [3] - Avrupa is advancing six prospects in central Finland through its partnership in Akkerman Finland Oy and focuses on politically stable and prospective regions in Europe, including Portugal, Finland, and Kosovo [3]
Fitzroy Minerals Announces Closing Of Final Tranche Of Non-Brokered Life Offering And Concurrent Private Placement
Thenewswire· 2025-07-09 21:05
Core Viewpoint - Fitzroy Minerals Inc. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of approximately $12,000,000 through the issuance of 40,000,000 common shares at a price of $0.30 per share [1][3]. Group 1: Private Placement Details - The final tranche of the LIFE Offering involved the issuance of 23,333,333 shares, generating gross proceeds of about $7,000,000 [1]. - The total gross proceeds from the LIFE Offering and a concurrent private placement amount to $12,000,000 and $540,000 respectively [1][3]. - The securities from the LIFE Offering are not subject to a hold period under Canadian securities laws, while those from the concurrent offering are subject to a four-month hold period [2][3]. Group 2: Use of Proceeds - The proceeds from the private placement will be allocated to exploration activities and property commitments for the Buen Retiro and Caballos projects, as well as for general administrative costs and working capital [4]. Group 3: Finder's Fees and Warrants - The company will pay a total of $940,000.02 in finder's fees and issue 3,133,330 finder's warrants in connection with the private placement [6]. - Each finder's warrant allows the holder to acquire one common share at a price of $0.50 for two years following the final tranche [6]. Group 4: Related Party Transactions - Participation by Clariden Capital Ltd., associated with the company's chairman and a director, constitutes a related party transaction, exempt from formal valuation and minority shareholder approval [7][8].
SuperQ Quantum Computing Inc. to Commence Trading on July 10, 2025 Under The Symbol "QBTQ"
Thenewswire· 2025-07-09 19:30
Core Viewpoint - SuperQ Quantum Computing Inc. has transitioned from Atco Mining Inc. and will begin trading on the Canadian Securities Exchange under the new symbol "QBTQ" on July 10, 2025, following a fundamental change transaction [1] Company Overview - SuperQ's platform, named Super, aims to eliminate technical barriers for organizations and individuals in utilizing quantum computing and supercomputing, integrating quantum annealing, gate-based quantum computing, and high-performance computing [2] - The technology is designed to address complex computational challenges faced by various sectors, including government agencies, Fortune 500 companies, SMEs, and research institutions, providing speed, scalability, and security [3] Product and Technology - Super's proprietary solutions cater to organizations dealing with complex decision-making, enabling advanced simulations for manufacturers, data analysis for energy companies, accelerated R&D for life sciences, and data protection for financial institutions [4] - The platform adopts a hybrid approach, combining AI-driven optimization, high-performance classical computing, and quantum computing, ensuring efficient problem-solving through natural language processing and AI-driven decision-making [5] Vision and Future Plans - The founder of SuperQ, Dr. Muhammad Khan, envisions creating a "ChatGPT moment" for quantum computing, making it accessible to millions globally, similar to how ChatGPT democratized AI [6]
Westward Gold Announces Commencement of Initial Drill Program at Campfire Target Complex
Thenewswire· 2025-07-08 13:00
Core Viewpoint - Westward Gold Inc. has commenced a 5,000-metre reverse-circulation drilling campaign at its Toiyabe Hills Property in Nevada, targeting the Campfire Target Complex for potential Carlin-type gold mineralization [1][2] Drilling Campaign Details - The drilling will cover approximately 5,000 metres (~16,500 feet) across a 61 square-kilometre area, focusing on the Campfire Anticline where favorable carbonate stratigraphy is present [1] - The drilling contractor, National EWP, Inc., has upgraded the rig to an EDM95K model, enhancing depth capability and maneuverability [1] Strategic Importance - The initial drilling targets are strategically chosen to provide insights into ground conditions and optimize future drilling processes [4][6] - The Campfire Anticline is identified as a significant feature for gold exploration due to its potential to trap hydrothermal fluids and concentrate metals [2] Geological Insights - The area exhibits key geological features such as high-angle structures, igneous dikes, and hydrothermal alteration, which are indicative of fertile gold environments [2] - Geochemical analysis shows a large Carlin-suite plume, particularly arsenic, which is associated with major gold deposits in Nevada [2] Exploration Strategy - The company plans to adapt its drilling strategy based on real-time feedback and assay results to maximize the effectiveness of the 5,000-metre drilling program [7] - Multiple styles of potential gold mineralization have been identified, including stratigraphic, structural, karst breccias, mineralized dikes, and breccia pipes [9] Corporate Update - Westward Gold has engaged Hillside Consulting and Media Inc. to enhance its marketing and investor relations efforts, aiming to improve public presence and investor engagement [7][10] - The company is committed to exploring all avenues for growth and executing its long-term exploration strategies [10]
Noble Reports on Canada Nickel's Continued Exploration Success at MacDiarmid, Provides Exploration Update
Thenewswire· 2025-07-08 11:30
Core Insights - Noble Mineral Exploration Inc. announced additional drilling results from the MacDiarmid Project, operated by Canada Nickel Company Inc. in Northern Ontario [1][2] - Canada Nickel's drilling program has identified further mineralization over a strike length of approximately 2,200 metres and a width of about 400 metres, building on previous work from 2021 [2][3] - Noble retains NSR rights, including a 2% NSR on claims acquired by Canada Nickel, subject to a 50% buyback for $5 million [2] Company Overview - Noble Mineral Exploration Inc. is a Canadian junior exploration company with holdings in Canada Nickel Company Inc. and other nickel and gold exploration properties [13][14] - The company holds mineral and exploration rights in approximately 70,000 hectares in Northern Ontario and additional properties in Quebec and Newfoundland [14][15] - Noble's shares trade on the TSX Venture Exchange under the symbol "NOB" [17] Industry Context - Canada Nickel is advancing nickel-sulphide projects to meet the growing demand for nickel in electric vehicles and stainless steel markets [12] - The Timmins Nickel District is highlighted for its strong potential, with Canada Nickel planning to publish multiple resource estimates by year-end [3][12] - The MacDiarmid property is strategically located near other significant nickel projects, enhancing its exploration potential [4]
Universal Ibogaine Advises of Debt Settlement with CEO and Resignation of a Member of its Board of Directors
Thenewswire· 2025-07-08 02:30
Company Overview - Universal Ibogaine Inc. is a life sciences company focused on researching and delivering medicalized ibogaine-centered addiction care [4] - The company aims to transform addiction treatment through a planned Canadian clinical trial targeting opioid use disorder and intends to utilize this treatment protocol globally via future licensing agreements [4] Recent Developments - Ken Cranwill has resigned from the Board of Directors to focus on other business ventures, with the company expressing gratitude for his service over the past year [1] - The company has received approval from the TSX Venture Exchange to settle $106,200 in consulting fees owed to CEO Nick Karos by issuing 4,248,000 common shares at a price of $0.025 per share [2] - Following the share issuance, Universal Ibogaine will have a total of 312,858,516 common shares outstanding [2] Future Plans - The company is concurrently developing a holistic addiction treatment protocol at its Kelburn Recovery Centre, which, when combined with the ibogaine detox protocol, aims to revolutionize addiction treatment and improve the lives of affected individuals and families [4]
SuperQ Quantum Computing Inc. (Formerly, Atco Mining Inc.) Completes Fundamental Change
Thenewswire· 2025-07-07 23:35
Core Viewpoint - SuperQ Quantum Computing Inc. has successfully completed the acquisition of the software platform "Super" from Staque Computing FZ-LLC, marking a significant step in enhancing quantum computing accessibility for various sectors [1][8]. Group 1: Technology Overview - The "Super" platform integrates quantum annealing, gate-based quantum computing, and high-performance computing, enabling organizations to tackle complex problems with a user-friendly interface similar to ChatGPT [2][5]. - Super aims to transform how government agencies, Fortune 500 companies, SMEs, research institutions, and retail users address computational challenges, offering speed, scalability, and security [3][4]. Group 2: Market Positioning - Super's hybrid approach combines AI-driven optimization with classical and quantum computing, allowing for efficient problem-solving by leveraging natural language processing and AI decision-making [5][6]. - The platform is designed to assist various sectors, including manufacturing, energy, life sciences, and finance, in overcoming traditional computing limitations [4][3]. Group 3: Transaction Details - The acquisition involved Atco issuing 10,000,000 Resulting Issuer Shares to Staque, with a share valuation of $0.20, and a consolidation of shares on a ten-for-one basis prior to the transaction [8][11]. - Following the transaction, Staque holds approximately 37.8% of the outstanding Resulting Issuer Shares, while the pre-transaction shareholders retain about 58.4% [11][12]. Group 4: Management Changes - The transaction led to a reconstitution of the Board of Directors and management team, with key resignations and new appointments, including Dr. Muhammad Khan as CEO [9][12].
Fort Technology Inc. Announces Closing of Qualifying Transaction and Anticipated Trading Date
Thenewswire· 2025-07-07 18:20
Core Viewpoint - Impact Acquisitions Corp. has successfully completed a share sale transaction with Jeffs' Brands Ltd, resulting in a name change to Fort Technology Inc. and a new trading symbol "FORT" [1][2]. Transaction Details - The transaction involved the transfer of all issued and outstanding securities of Fort Products Limited to the Company in exchange for 100,000,000 common shares and 66,000,000 contingent rights [3]. - The contingent rights allow Jeffs Brands to acquire additional common shares based on specific conditions, including a successful listing on a US Exchange, raising US$8,000,000 in financing, and achieving annual revenues of US$15,000,000 by December 31, 2028 [4]. Share Issuance and Trading - The Company issued 5,000,000 common shares as a finder's fee related to the transaction [5]. - Trading of the Company’s shares under the new symbol "FORT" is expected to resume on or about July 10, 2025, following final acceptance from the TSX Venture Exchange [6]. Escrow Agreements - Certain principals of the Company will have 102,000,000 common shares and 66,000,000 contingent rights subject to escrow, with a release schedule defined by Exchange policies [7]. - Current and former shareholders are also subject to a separate escrow agreement regarding 3,700,000 common shares and 580,000 incentive stock options [8]. Management and Governance - The new board of directors and executive management includes Gabriel Kabazo as CEO and Ronen Zalayet as CFO, among others [9]. - The Company plans to appoint Brightman Almagor Zohar & Co. as its auditors [10]. Financial Reporting - The fiscal year end for the Company will be December 31, and interim financial statements for Fort Products will be published within 60 days after June 30, 2025 [11]. Company Overview - Fort Technology Inc. specializes in manufacturing and selling products for the pest control and remedial repair industry, with nearly 20 years of experience since its establishment in 2005 [12].
Pampa Metals Upsizes LIFE Offering to $6m
Thenewswire· 2025-07-04 13:25
Core Viewpoint - Pampa Metals Corp. has increased its non-brokered private placement offering to 37,500,000 shares at a price of $0.16 per share, aiming to raise gross proceeds of $6,000,000 to fund exploration and general corporate purposes [1][4]. Group 1: Offering Details - The offering has been upsized to meet demand from specialist resources funds and is being conducted under the Listed Issuer Financing Exemption in Canada, excluding Quebec [2]. - An amended offering document will be available on SEDAR+ and the company's website for prospective investors to review before making investment decisions [3]. - The offering is not contingent upon the completion of the acquisition of Rugby Resources Ltd. and is subject to customary conditions for such transactions [7]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to exploration drilling at the Cobrasco copper porphyry discovery in Colombia, preparatory work for the Piuquenes copper-gold discovery in Argentina, and general corporate purposes [4]. Group 3: Acquisition of Rugby Resources Ltd. - The acquisition of Rugby Resources Ltd. is expected to be completed shortly after a special meeting of Rugby shareholders on July 16, 2025, to approve the acquisition plan [5]. Group 4: Financial Advisory and Fees - Canaccord Genuity Corp. has been appointed as the financial advisor for the offering and will receive a fee of 1% of the total gross proceeds raised [6]. - The company may also pay finder's fees of up to 5% in cash and 5% in finder's warrants, with warrants having an exercise price of $0.30 and a 2-year term [6]. Group 5: Company Overview - Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange, Frankfurt, and OTC exchanges, with significant interests in projects in Argentina and Colombia [9].