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Blue Lagoon Extends Milling Agreement with Nicola Mining to 10 Years, Securing Long-Term Processing of Dome Mountain Mineralized Material
Thenewswire· 2025-09-29 12:30
Core Viewpoint - Blue Lagoon Resources Inc. has signed a 10-year amended and restated Mining and Milling Partnership agreement with Nicola Mining Inc., securing a long-term processing solution for its Dome Mountain Gold Project, which is expected to enhance production capabilities and cash flow [1][2][3]. Group 1: Partnership Agreement - The new agreement extends the partnership with Nicola Mining for 10 years, ensuring priority access to mill capacity for Dome Mountain's mineralized material [1][2]. - Nicola Mining operates a fully permitted mill and is also an equity shareholder in Blue Lagoon, reinforcing the strategic alignment between the two companies [2][3]. - The partnership is further supported by a previously announced $2 million unsecured line of credit from Nicola to Blue Lagoon, indicating strong mutual confidence [2][3]. Group 2: Production Readiness - The agreement is seen as a critical step for Blue Lagoon in transitioning from development to production, providing a reliable pathway for processing and concentrate sales [3]. - Recent milestones at Dome Mountain include the commissioning of a water treatment plant and the commencement of underground blasting and mining operations, showcasing the company's readiness for production [3][6]. - First gold sales are targeted for Q4 2025, with plans to reinvest cash flow into further exploration starting in H1 2026 [6]. Group 3: Company Overview - Blue Lagoon Resources is a Canadian-based mining company focused on advancing its 100% owned Dome Mountain Gold Project in British Columbia [5]. - The company has achieved significant milestones, including the granting of a full mining permit, one of only nine issued in British Columbia since 2015 [6]. - Blue Lagoon aims to become a profitable gold producer while maintaining a commitment to sustainability and community engagement [7].
King Global Ventures Mobilizes Drilling for Phase 2 Drill Program South of the Historic Howard Copper Mine
Thenewswire· 2025-09-29 12:15
Core Insights - King Global Ventures Inc. has initiated its Phase II diamond drilling program at the Howard Copper Project in Arizona, targeting approximately 7,000 to 9,000 feet across nine drill holes to explore newly identified geophysical anomalies [1][2][3] Exploration Program Summary - The Phase II program aims to follow up on Phase I results, focusing on three large gravity anomalies identified through inversion modeling by ALS Geoanalytics in Q3 2025, which trend NNW-SSE and lie within untested volcanic-sedimentary units [3] - The Phase I drilling confirmed the presence of two distinct volcanogenic massive sulphide (VMS) mineralized horizons, indicating potential for further mineralization at depth and along strike to the south [2][3] Preparatory Work - Prior to drilling, King Global conducted an integrated exploration program that included an extended ground gravity survey, a ground electromagnetic survey to detect sulphide-related conductors, detailed geological mapping, and systematic soil geochemistry to target surface expressions of concealed mineralization [4] Company Overview - King Global Ventures focuses on the exploration of precious and base metals in North America, with the Black Canyon Project in Yavapai County covering 4,003 acres and including 15 former operating mines, notably the Howard Copper Mine [5][7] - The Howard Copper Mine, discovered in the early 1920s, has a historical focus on high-grade copper, with the main shaft reaching a depth of 900 feet, although no ore was mined below 500 feet [8]
SuperQ Quantum Signs Partnership Agreement with The Alliance of Bioversity International and CIAT to Solve World's Food Challenges
Thenewswire· 2025-09-29 12:00
Core Perspective - SuperQ Quantum Computing Inc. has announced a strategic collaboration with the Alliance of Bioversity International and CIAT to apply quantum and supercomputing technology to agricultural research and plant breeding, formalized through a five-year Memorandum of Understanding (MOU) aimed at enhancing global food resilience and security [1][2]. Collaboration Focus - The initial focus of the collaboration will be on developing quantum-enhanced pipelines to accelerate resistance breeding against major crop diseases, such as rice blast, to protect global food supplies [2]. - The partnership aims to significantly speed up the discovery and development of disease-resistant crops, supporting the CGIAR Genetic Innovation Initiative [2]. Objectives of the Collaboration - The MOU outlines key objectives including the co-development of specialized quantum algorithms for gene regulatory networks, genomics, and multi-omics integration in crop breeding [3][7]. - SuperQ will provide training programs for the Alliance and CGIAR teams to enhance their skills in applying quantum computing to agricultural research [7]. - A pilot project will focus on rice blast resistance before expanding to other crops within the CGIAR network [7]. - Both organizations will engage in knowledge exchange through joint publications and conferences to benefit the wider scientific community [7]. Company Mission and Vision - SuperQ aims to democratize quantum technology and address real-world challenges, emphasizing the importance of making quantum technology accessible for social good [4]. - The company is positioning itself as a leader in quantum and supercomputing-powered problem-solving, targeting various sectors including finance, healthcare, and logistics [8][9].
URZ3 Energy Initiates Exploration at Dry Fork Uranium Project (Wyoming)
Thenewswire· 2025-09-29 11:30
Core Insights - URZ3 Energy Corp. has initiated an exploration program at its Dry Fork Uranium Project in Wyoming, strategically located near significant uranium production areas [1][4] - The program aims to assess the potential for in-situ recovery (ISR) uranium and identify priority areas for exploration drilling [2][3] Exploration Program Details - The first phase will focus on known water springs to sample for uranium, while the second phase will utilize hand-held spectrometers to locate additional uranium-bearing springs and surface seeps [3] - A systematic ground grid will be employed during the spectrometer survey to refine exploration targets and guide future drilling plans [3] Strategic Importance - The Dry Fork program is seen as a critical step in advancing URZ3's uranium assets, with a focus on hydrogeological indicators to prioritize drill targets [4] - The company anticipates growth opportunities in Wyoming and the southwestern U.S. due to U.S. governmental incentives for uranium exploration and production [4] Government Support and Market Context - U.S. Secretary of Energy highlighted the need to strengthen the strategic uranium reserve to reduce foreign reliance and support nuclear energy growth [4] - The Strategic Uranium Reserve program has led to government purchases of one million pounds of U₃O₈ at prices above market levels, indicating federal commitment to domestic supply [4] Company Overview - URZ3 Energy Corp. is focused on uranium exploration in proven districts in the U.S., aiming to develop ISR-amenable uranium resources to meet the demand for clean nuclear energy [6]
Prismo Metals Receives High Silver and Copper Assays at Silver King
Thenewswire· 2025-09-29 07:30
Core Insights - Prismo Metals Inc. has announced expanded drilling plans at the Silver King project in Arizona following the receipt of final assay results, which indicate high-grade mineralization in both silver and copper [1][2][23]. Summary by Category Assay Results - The final assay results include significant overlimit values: 757 g/t Ag, 1.5% Cu, 6.7% Pb, and 11.5% Zn from a newly discovered polymetallic vein, and 619 g/t Ag and 511 g/t Ag from samples taken at the Silver King shaft area [1][2]. - Overlimit copper assays ranged from 1.11% to 2.43% for three samples from the replacement mineralization area, indicating promising mineralization potential [2]. Geological Insights - The Silver King project features a newly described polymetallic vein and a copper vein, with geological mapping indicating various types of mineralization [4][7]. - The Silver King mine is strategically located 3 km from the Resolution Copper deposit, which is one of the largest unmined copper deposits globally, with an estimated resource of 1.787 billion metric tonnes at an average grade of 1.5% copper [23]. Drilling Plans - Initially, a drill program of about 1,000 meters was planned to test the upper half of the Silver King mineralized body and adjacent areas [8]. - Following recent discoveries, the company plans to add a second phase of drilling for an additional 1,000 meters, focusing on newly identified targets, including the polymetallic and copper veins [9][13]. Historical Context - The Silver King mine has a rich history, having produced nearly 6 million ounces of silver at grades up to 61 oz/t, with recent small-scale production samples returning grades as high as 644 oz/t silver [23]. Company Overview - Prismo Metals Inc. is focused on advancing its Silver King, Ripsey, and Hot Breccia projects in Arizona, as well as its Palos Verdes silver project in Mexico [24].
Newlox Gold Announces Final Closing of Oversubscribed Private Placement
Thenewswire· 2025-09-29 00:10
CSE: LUXFrankfurt/Stuttgart: NGOPink: NWLXFSeptember 29, 2025 – TheNewswire - Vancouver, British Columbia – Newlox Gold Ventures Corp, (“Newlox” or the “Company”) is pleased to announce that further to its press release of July 22, 29 and 31, 2025, it has closed the final tranche of the private placement which was oversubscribed by $793,219.88. An aggregate of 8,884,284, units (“Units”) at a price of $0.07 per Unit for gross proceeds of $621,899.8 (the “Offering”) was issued on September 26, 2025. Each U ...
GOAT Industries Announces Entering Into Of Definitive Agreement To Acquire Gambling Platform
Thenewswire· 2025-09-26 21:15
Core Viewpoint - GOAT Industries Ltd. has entered into a binding share exchange agreement to acquire 1509467 B.C. Ltd. and is negotiating a similar agreement with Veroom, Inc., focusing on the global sports betting market, particularly in North America [1][2][6] Group 1: Transaction Details - The acquisition of 1509 will involve the issuance of 54,322,500 common shares at a deemed price of $0.21 per share, totaling an aggregate purchase price of $11,407,725 [4][6] - 46,822,500 of the shares will be subject to a voluntary escrow with performance milestones tied to revenue targets of $10 million and $20 million [4][5] - The transaction is contingent upon regulatory approvals, completion of the Vroom transaction, shareholder approval, and an equity financing of $2 million to $6 million [6][7] Group 2: Business Focus of Targets - The Targets, 1509 and Vroom, operate in the global sports betting market, leveraging technologies and licenses that provide competitive advantages to casinos and sportsbooks through AI and content recognition [2][3] - 1509 holds technologies and US licenses that enhance the marketing and advertising capabilities of casinos and sportsbooks [2] Group 3: Regulatory and Approval Process - The transaction will require shareholder approval due to the issuance of more than 100% of the current outstanding shares, and the company will provide financial statements for the Targets to shareholders [7] - The completion of the transaction will trigger a business acquisition report under National Instrument 51-102 [7]
First Tellurium Responds to OTC Markets Request on Recent Promotional Activity
Thenewswire· 2025-09-26 21:00
Core Viewpoint - First Tellurium Corp. has been requested by OTC Markets Group to address recent promotional activities related to its common shares traded on the OTCQB market [1] Group 1: Promotional Activities - OTC Markets informed the Company about promotional activities, including digital marketing materials distributed by Small Cap Canada, which highlighted the Company's tellurium-based technologies and target markets [2] - The Company engaged Hillside Consulting and Media Inc. for marketing services from September 22 to 26, 2025, paying $20,000 plus taxes for digital marketing services, including SEO and content creation [3] - The marketing materials were reviewed by management prior to dissemination, and the Company believes no statements were materially false or misleading [4] Group 2: Trading Volume and Investor Interest - The Company noted that promotional activities coincided with an increase in trading volume, but it attributes the initial increase to press releases issued on September 4 and September 18, 2025 [5] - The Company does not have an opinion on whether the promotional activity was a significant cause of further increases in trading volume, as multiple factors influence trading [5] Group 3: Insider Transactions and Compliance - An internal inquiry revealed that only Tyrone Docherty, the President and CEO, purchased 650,000 shares in the past 90 days, with all insider transactions publicly disclosed as per Canadian regulations [6] - The Company has engaged various third-party service providers for marketing and promotional services over the last twelve months, including Hillside Consulting and Media Inc. [7] Group 4: Securities Issuance - The Company has not issued shares or convertible securities at a discount to market prices, complying with applicable regulations [8][9] Group 5: Business Model - First Tellurium's business model focuses on generating revenue through mineral discovery, project development, and the development of tellurium-based technologies [10]
Vanguard Mining Begins Mobilization for 2025 Redonda Copper-Molybdenum Drill Program, British Columbia
Thenewswire· 2025-09-26 20:30
Core Viewpoint - Vanguard Mining Corp. has initiated mobilization for its 2025 diamond drill program at the Redonda Copper-Molybdenum Project, which is fully permitted and funded, aiming to explore significant mineralization potential in British Columbia [1][6]. Program Overview - The 2025 drill program will utilize targets identified from a previous airborne geophysical survey and recent drilling results, with notable intervals recorded up to 142.6 meters grading 0.279% Cu and 0.0281% Mo [2][5]. - Vanguard has contracted Paradigm Drilling Ltd. to conduct the drilling using a Boyles B-15 hydraulic drill capable of reaching depths greater than 600 meters [3][10]. - The program includes up to 10 permitted drill sites, focusing on deeper drilling below 500 meters and detailed geological mapping of brecciation trends [7][10]. Collaboration and Community Engagement - The company will collaborate closely with the Klahoose First Nation for labor and logistics support throughout the drilling campaign [4][10]. Geological Context and Potential - The Redonda Project is situated in a geologically favorable area, with mineralization interpreted to extend north and south, and potential extensions identified along an old road system approximately 1 kilometer to the northwest [7][10]. - The geological setting shares characteristics with nearby porphyry systems, indicating a district-scale magmatic-hydrothermal potential [18]. Data and Methodology - Drill hole locations are selected based on historical datasets and results from a late-2024 airborne geophysical survey, which identified strong correlations with geological domains [11]. - Core samples will be analyzed at an ISO/IEC 17025-accredited laboratory, ensuring adherence to industry-standard protocols for quality assurance and control [12].
Candelaria Provides Update on MCTO
Thenewswire· 2025-09-26 20:15
Core Viewpoint - Candelaria Mining Corp. is currently under a management cease trade order (MCTO) due to delays in filing its audited annual financial statements for the year ended April 30, 2025, which were not submitted by the required deadline of August 28, 2025 [1][2]. Group 1 - The delay in filing the Annual Financial Filings is attributed to the auditors needing additional time to complete their audit and challenges related to updating the Company's accounts following the sale of certain Mexican subsidiaries [2]. - The Company is actively working to complete the Annual Financial Filings and anticipates filing them on or before October 3, 2025 [3]. - During the period of non-compliance, the MCTO will remain in effect, and the Company will issue bi-weekly default status reports as required [4]. Group 2 - The Company has confirmed that there have been no material business developments or other significant information regarding its affairs that have not been disclosed as of the date of the news release [4].