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Hybrid Power Solutions reports Annual Financial Results
Thenewswire· 2025-09-30 03:10
Core Insights - Hybrid Power Solutions Inc. reported financial results for the fiscal year ending May 31, 2025, highlighting significant operational and financial developments [1] Fiscal Year 2024 Business Highlights - The company signed strategic partnerships with multiple distributors in Canada and the US, including Colony Hardware and Drive Products [2] - Hybrid Power Solutions sold 105 Batt Pack Pros to a major utility in California and secured sales to US military divisions [2] - Ongoing demonstrations are being conducted with major Canadian rental companies and national home builders [2] - The company launched new Hybrid Spark sizes to meet increasing power demands and initiated the development of cross-platform fleet management software [2] Fiscal Year 2024 Financial Highlights - Revenue for the period ending May 31, 2025, was $2,801,100, representing a 15% increase from $2,437,507 in the previous year [2] - Expenses decreased by 50%, totaling $3,254,599 compared to $6,506,186 for the fiscal year ending May 31, 2024 [2] - The net loss for the period was $2,928,841, significantly reduced from a net loss of $6,512,440 in the prior year [2] Corporate Highlights - The company appointed Muneer Yoosuf as Chief Financial Officer and added two new members to the board of directors [2] - Hybrid secured matching funding of C$2,250,000 from the Federal Economic Development Agency for Southern Ontario [2] - The company completed a non-brokered shelf offering of C$541,800 and a prospectus offering of C$600,000 [3] Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator focused on developing portable power systems that eliminate fossil fuel dependency in off-grid applications [3]
Cascade Copper Closes Third And Final Tranche Of Financing
Thenewswire· 2025-09-30 00:00
Core Points - Cascade Copper Corp. has successfully closed the final tranche of a non-brokered private placement, raising a total of $401,255 across three tranches [1][2] - The final tranche raised $123,255, consisting of 1,000,000 Critical Minerals Flow-Through units at $0.04 each and 2,378,714 Non-Flow-Through Units at $0.035 each [1][2] - The proceeds from the Flow-Through Shares will be used for eligible Critical Mineral Canadian Exploration Expenses, primarily funding exploration programs in Ontario and British Columbia [5] Offering Details - The Offering included 2,875,000 Critical Minerals FT Units and 8,178,713 NFT Units across all tranches [2] - Each unit consists of one common share and one-half common share purchase warrant, with full warrants exercisable at $0.07 for 24 months [2] - The Offering is subject to regulatory approvals and a four-month hold period on the issued securities [3][6] Insider Participation - The Offering included participation from insiders, which is classified as a related party transaction [4] - The Company is relying on exemptions from valuation requirements and minority approval due to the subscription value being less than 25% of the Company's market capitalization [4] Company Overview - Cascade Copper is focused on the exploration of copper and gold mineral resources, with projects in British Columbia and Ontario [8] - The Company employs modern technology for exploration, including 3D inversion modeling and AI-enhanced predictive modeling [8] - Cascade has five key projects, including the Copper Plateau Copper-Moly Project and the Rogers Creek Copper-Gold Project [8]
Bolt Metals Announces Non-Brokered Private Placement
Thenewswire· 2025-09-29 23:55
Core Viewpoint - Bolt Metals Corp. intends to complete a non-brokered private placement of up to 46,153,846 common shares at CAD$0.013 per share, targeting a total amount of up to CAD$600,000 [1][2]. Group 1: Private Placement Details - The private placement will be subject to a hold period of four months plus one day from the date of issuance, along with applicable resale rules [2]. - The closing of the private placement is contingent upon receiving necessary regulatory approvals and may occur in one or more tranches [2]. - Insider participation in the private placement is not anticipated at this time [2]. Group 2: Use of Proceeds and Fees - Proceeds from the private placement will be used for general working capital [2]. - The company may pay finder's fees to qualified non-related parties in accordance with Canadian Securities Exchange policies [3]. Group 3: Company Overview - Bolt Metals Corp. is a North American mineral acquisition and exploration company focused on developing quality precious and base metal properties with high-upside and expansion potential [5]. - The company is based in Vancouver, BC, and has a portfolio that includes the Soap Gulch copper SEDEX project in Montana and the Switchback copper-silver project in British Columbia [5].
Lucky Announces Effective Date of Share Consolidation of Common Shares
Thenewswire· 2025-09-29 22:05
Core Points - Lucky Minerals Inc. will undergo a share consolidation effective October 2, 2025, at a ratio of one post-consolidation share for every ten pre-consolidation shares [1][3] - The current number of common shares is 202,254,083, which will reduce to approximately 20,225,427 post-consolidation [1] - The consolidation has been approved by the Company's board of directors and the TSX Venture Exchange [1][3] - The Company's name and stock symbol will remain unchanged, with a new CUSIP number of 549546505 and ISIN CA5495465059 for post-consolidation shares [2] Company Overview - Lucky Minerals Inc. is an exploration and development company focused on large-scale mineral systems in proven districts with potential for world-class deposits [5]
Femto Technologies Announces Changes to its Board of Directors
Thenewswire· 2025-09-29 21:00
Core Insights - Femto Technologies Inc. has appointed Mor Bzizinsky to its board of directors, enhancing its governance with her legal and business expertise [1][2] - The company aims to leverage Bzizinsky's background to advance its entry into the Femtech market with innovative products [2] - Femto Technologies is focused on AI-driven solutions in wellness technology, aiming to improve well-being through intelligent technology integration [3] Company Overview - Femto Technologies Inc. is a cutting-edge femtech company dedicated to transformative advancements in wellness technology [3] - The company is known for its proprietary Smart Release System (SRS) technology, which incorporates machine learning and AI to enhance feminine wellness [4] - The Sensera device, a product of Femto, has been recognized as a CES Innovation Awards® 2025 Honorary in the AI category, highlighting its innovative approach to feminine wellness [4]
Emergent Metals Corp. To Sell Its Golden Arrow Property To Fairchild Gold
Thenewswire· 2025-09-29 20:40
Core Viewpoint - Emergent Metals Corp. has signed a Memorandum of Understanding to sell its Golden Arrow Property to Fairchild Gold, which includes cash payments, common shares, a senior secured note, and a royalty interest, aiming to monetize the asset in various timeframes [1][6]. Transaction Details - The transaction involves a non-refundable deposit of US$250,000 upon signing the MOU and an additional US$350,000 upon approval by the Toronto Venture Exchange [3]. - Fairchild will issue 12,500,000 common shares to Emergent, ensuring Emergent's ownership remains below 9.9% of Fairchild's outstanding shares [2]. - A Senior Secured Note will be issued with a principal amount of US$3,500,000, a term of five years, and an interest rate of 8.5% per annum, payable semi-annually [4]. Royalty and Additional Terms - Emergent retains a 0.5% net smelter return royalty on the Golden Arrow Property, with options for Fairchild to acquire the royalty at US$1,000,000 before the fourth anniversary or US$1,500,000 between the fourth and seventh anniversaries [5]. - Fairchild will also be responsible for various costs related to the property after the Definitive Agreement is signed, including maintenance fees and property taxes [5]. Strategic Implications - The transaction is seen as a way for Emergent to receive immediate cash and shares, ongoing interest payments, and potential long-term benefits from the royalty [6]. - Emergent's management believes that Fairchild is well-positioned to advance the Golden Arrow Property towards production, capitalizing on favorable market conditions for metals [6].
Lexaria Bioscience Corp. Announces Closing of $4.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Thenewswire· 2025-09-29 20:30
Core Points - Lexaria Bioscience Corp. has closed a registered direct offering of 2,666,667 shares at a price of $1.50 per share, raising approximately $4.0 million before expenses [1][3] - The company also issued unregistered warrants for the purchase of an equal number of shares at an exercise price of $1.37, which are immediately exercisable and expire in five years [1][2] - The financing aims to enhance Lexaria's options for its 2026 R&D and business development plans, focusing on executing research initiatives that drive intellectual property and shareholder value [2] Financial Details - The gross proceeds from the offering were approximately $4.0 million, which will be used for working capital and general corporate purposes [3] - The shares were offered under a "shelf" registration statement effective since January 30, 2025, and the offering was conducted in compliance with SEC regulations [4] Warrants and Securities - The warrants were issued in a private placement and are not registered under the Securities Act, limiting their sale in the U.S. without an effective registration statement [5] - The company emphasizes that the offering does not constitute an offer to sell or solicit any offers to buy the securities in jurisdictions where such actions would be unlawful [6] Technology and Intellectual Property - Lexaria's DehydraTECH™ platform enhances drug delivery through oral administration, improving bio-absorption and reducing side effects [7] - The company holds a robust intellectual property portfolio with 50 patents granted and additional patents pending worldwide [7]
TSX-V: TT Revises LIFE Offering and Private Placement
Thenewswire· 2025-09-29 15:00
Core Points - Total Metals Corp. has revised the terms of its listed issuer financing offering (LIFE Offering) and concurrent private placement [1] - The LIFE Offering aims to raise between $8 million and $8.7 million through the issuance of 13,333,333 to 14,500,000 units, each consisting of one common share and one warrant [2] - The Private Placement is set to raise up to $1.3 million through the issuance of at least 2,166,666 units, also consisting of one common share and one warrant [3] Financing Details - The LIFE Offering will have a minimum financing of $8,000,000 and a maximum of $8,700,000, with each LIFE Warrant exercisable at $1.00 for 36 months after issuance [2] - The Private Placement will consist of a non-brokered financing of up to $1,300,000, with each Non-LIFE Warrant exercisable at $0.90 for 36 months [3] Company Overview - Total Metals Corp. focuses on the acquisition, exploration, and development of mineral properties in the Red Lake mining district of Northern Ontario, Canada [5] - The company owns 100% of the Electrolode Project, covering 3,000 contiguous hectares, which has significant historical drilling and modern airborne geophysics [5] - The Electrolode Project targets high-potential mineral resources in three favorable geologic trends and is strategically located near major mines [5]
Exploration Update at the Buen Retiro and Caballos Copper Projects, Chile
Thenewswire· 2025-09-29 13:15
Core Insights - Fitzroy Minerals Inc. has reported significant progress in exploration at its Buen Retiro and Caballos copper projects in northern Chile, with a focus on expanding mineralization and accelerating drilling efforts [1] Buen Retiro Project - Recent diamond drilling has extended the continuous mineralization zone in the Southwest Area to 1.4 km, a ~40% increase from the previous 985 m [2][6] - The company plans an additional 2,250 m of diamond drilling in 2026 and has completed 1,050 m of reverse-circulation drilling, with 3,950 m more planned [2][3] - Initial assays from reverse-circulation drilling are expected in October 2025, and the company is investigating fast-track production options, aiming for a maiden mineral resource estimate and a Preliminary Economic Assessment (PEA) in 2026 [4][18] Caballos Project - The Caballos drilling program is being expanded to three rigs to expedite testing of priority targets, with plans to complete at least 3,000 m of diamond drilling in 2025 [3][19] - Recent drilling has encountered fault gouge, causing delays, but the company remains confident in the project's potential due to several breakthroughs [5][20] - The drilling will focus on the Chincolco and Mule Hill prospects, with approximately 2,000 m and 1,000 m planned respectively [3][19] Geological Insights - Age-dating at Caballos indicates a long-lived hydrothermal system from 44 Ma to 25 Ma, aligning with known mineral-rich belts in Chile [9][27] - Mapping at Caballos has identified potential for expansion under post-mineral cover, enhancing the project's overall prospects [9][27] Infrastructure and Logistics - The Buen Retiro project benefits from significant infrastructure advantages, including proximity to the Pan-American highway and high voltage transmission lines, which could support near-term production viability [16][18]
WesCan Energy Corp. Announces Successful Startup and Steady Production Growth at Provost Well
Thenewswire· 2025-09-29 13:00
Core Insights - WesCan Energy Corp. has successfully established commercially economic production from its recently drilled Provost well, marking a significant milestone in asset development [1][3] - The company has improved operational reliability and production handling capacity through a successful battery turnaround in the Provost area [2] - The production rates for oil and gas have shown a positive trend, with the company planning to monitor and optimize performance while advancing additional drilling targets [3] Production Performance - Oil production increased from 6 m³/day (~38 bop/d) at startup to over 14 m³/day (~88 bop/d) mid-month, peaking at 16.4 m³/day (~103 bop/d) [6] - Gas production rose steadily, exceeding 1.0 e³m³/day (~35.3 Mcf/d) by the third week of September [6] - Corporate production now averages approximately 32.77 m³/day (~200 bop/d) of oil and 5.36 e³m³/day (~190 Mcf/d) of natural gas for a combined total of 232 boe/d [6] Operational Challenges and Solutions - The operations team effectively addressed early-stage challenges, including fluid hauling, foamy oil, and tank level controls, ensuring safe and efficient performance [2] - Water cut improved to an average of ~65% mid-month, with signs of further stabilization [6] - Consistent pump rates and strong fluid-handling capacity have contributed to operational stability [6] Company Overview - WesCan Energy Corp. is focused on the sustainable development of high-quality resource plays in Western Canada, committed to operational excellence and long-term shareholder value [4]