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Ecolomondo Ships its First Commercial Truckload of Recovered Carbon Black Produced at its Hawkesbury TDP Facility
Thenewswire· 2025-07-17 14:00
Core Viewpoint - Ecolomondo Corporation has successfully shipped its first commercial truckload of recovered carbon black (rCB) from its Hawkesbury TDP facility, marking a significant step in the commercialization of its sustainable scrap tire recycling technology [1][4]. Company Developments - The main offtake client for rCB has approved the quality of the rCB produced at the Hawkesbury facility after rigorous testing, focusing on various quality thresholds such as humidity, pellet size, and ash content [2][4]. - An initial order of one truckload, totaling 23 metric tons of rCB, has been issued by the main offtake client, which has already been shipped from the facility [3][4]. - The company has supplied rCB samples to another major client for testing and has received a purchase order for 5 tons of rCB for a production trial, pending positive results [5]. Facility Operations - The Hawkesbury TDP facility is expected to process approximately 1.3 million to 1.5 million scrap tires annually, producing around 4,000 metric tons of rCB, 5,000 metric tons of pyrolysis oil, 2,000 metric tons of steel, and 1,200 metric tons of process gas [5][10]. - The Shamrock facility, projected to begin construction in Q3 2025, is expected to process 5 million end-of-life tires per year, yielding approximately 15,000 metric tons of rCB and 18,000 metric tons of oil, among other outputs [12]. Environmental Impact - The TDP process significantly reduces greenhouse gas emissions, with a 90% reduction in GHG emissions compared to the production of virgin carbon black. The Hawkesbury and Shamrock facilities are expected to reduce CO2 emissions by 15,000 and 45,000 tons per year, respectively [19]. Strategic Vision - Ecolomondo aims to be a leading player in the cleantech sector, focusing on the production and supply of recovered resources to contribute to a circular economy [13][14]. - The company plans to expand aggressively in North America and Europe, leveraging its proprietary technology and ongoing research and development efforts [14]. Certification and Quality Assurance - The Hawkesbury facility has received the International Sustainability and Carbon Certification (ISCC), enhancing the commercial value of its end-products through traceability in the supply chain [15].
WesCan Energy Corp. Announces Fiscal 2025 Year-End Financial and Operating Results, Provides Operations Update
Thenewswire· 2025-07-17 13:00
Financial and Operational Highlights - Petroleum and natural gas revenue increased by 45% to $4.0 million, compared to $2.8 million in the prior year, driven by increased production and improved commodity prices [3] - Average daily production grew by 44% year-over-year to 147 boe/d, up from 102 boe/d in 2024, primarily due to successful workover programs and facility optimization [3] - Cash flow from operations was $587,164, a significant improvement over the prior year's cash outflow of $270,543 [3] - The company recorded a net loss of $799,969 for the year, compared to net income of $233,911 in 2024, largely due to increased royalty and operating expenses, higher depletion, and finance charges [3] - Operating netback for the year was $17.31/boe, down from $26.47/boe, primarily due to higher costs and royalties, partially offset by higher production volumes [3] Strategic and Operational Progress - The company is advancing preparations for its next multilateral drilling program, expected to spud in August 2025, designed to enhance oil recovery and maximize resource efficiency [3] - The company is evaluating potential re-entries into existing single leg horizontal wells, targeting incremental production growth and optimized returns from previously drilled assets [3] - Significant investments were made in well workovers and facility upgrades, resulting in higher oil and natural gas production [3] Liquidity - The company is seeking additional equity financing to support ongoing development activities and address its working capital deficiency, which was $981,640 at March 31, 2025 [4] Outlook - Management remains confident in the company's asset base and operational strategy, focusing on low-cost optimization, new development drilling, and the re-activation of shut-in wells to support future cash flows and long-term value for shareholders [2]
Ocumetics Announces Completion of First Tranche of Unit Private Placement
Thenewswire· 2025-07-17 13:00
Core Viewpoint - Ocumetics Technology Corp. has successfully completed the first tranche of a private placement, raising a total of $1,124,362 through the issuance of 3,212,462 units at a price of $0.35 per unit [1][2]. Group 1: Private Placement Details - The units issued consist of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at an exercise price of $0.50 for 24 months [2]. - The total offering aims to raise up to $2,100,000 by issuing up to 6,000,000 units at the same price, with the remaining tranches to be closed subsequently [5]. - The net proceeds from the offering are intended for ongoing research and development, although actual allocation may vary based on future operations [5]. Group 2: Agent and Related Transactions - Ocumetics paid $68,610 to Numus Capital Corp. for their services as an agent and issued warrants allowing Numus Capital to purchase up to 196,029 common shares at $0.50 per share for 24 months [3]. - The private placement involved a related party transaction, as a director of the Corporation participated, and the transaction was approved unanimously by the board [6]. Group 3: Company Overview - Ocumetics Technology Corp. is focused on developing advanced vision correction solutions, including innovative intraocular lenses aimed at enhancing the quality of life for patients [7][8]. - The company is currently in the preclinical study stage of a technology designed to potentially eliminate the need for corrective lenses by allowing the eye's natural muscle activity to shift focus [9].
Corrected: Melkior Announces Promising Grassroots Gold-Base Metal Discovery at Beschefer East
Thenewswire· 2025-07-17 12:40
Core Insights - Melkior Resources Inc. has announced positive results from its winter drilling program at the Beschefer East Project, indicating significant exploration potential in an underexplored area [2][3] - The company has entered into an option agreement with SOQUEM Inc. to earn 100% ownership of the Beschefer East Project over three years [5] Drilling Program Details - The winter drilling program consisted of six holes totaling 1,050 meters, targeting previously untested areas of the property [2][3] - Each drill hole had a nominal depth of 175 meters, focusing on bio-geochemical gold-base metal anomalies [3] Geological Findings - Drilling intersected altered felsic intrusions, felsic volcanics, and mafic volcanics, with mineralized intersections localized at the contact of mafic and felsic volcanics along the Beschefer Trend [3] - A bio-geochemical sampling program identified five distinct gold-polymetallic anomaly targets with elevated concentrations of copper, lead, and zinc [4] Project Background - The Beschefer East Project covers 2,906 hectares and is located in a highly prospective region with geological similarities to Abitibi Metals' B26 deposit [5] - Historical drilling in the adjacent Beschefer Project has yielded high-grade gold results, indicating the area's potential [6] Initial Results - The initial drill results included significant intercepts, such as 5.1 g/t gold and 0.96% copper over 0.9 meters, confirming an 800-meter mineralized horizon [8] - The results will require further targeted drilling to assess the expansion potential of the new target [8] Quality Assurance - All drill cores were analyzed using standard fire assay procedures, with additional checks for samples yielding grades higher than 10 g/t Au [15]
Hybrid Power Solutions Receives Third Order from Alamo Auto Supply for Utility Truck Integration
Thenewswire· 2025-07-17 12:31
Core Insights - Hybrid Power Solutions Inc. has received a new purchase order for four Batt Pack Pro units from Alamo Auto Supply, which will be delivered to a utility client in Texas, enhancing the utility's fleet with clean, portable power solutions [1][2] - This order marks the third from Alamo Auto Supply, indicating a strengthening partnership and growing demand for Hybrid's products in the fleet market [2] - The Batt Pack Pro units are designed to provide silent, zero-emission power for various applications, making them a superior alternative to traditional energy sources [3][4] Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator focused on developing portable power systems that eliminate the need for fossil fuels in off-grid and remote applications [5] - The company emphasizes environmental responsibility and technological innovation, positioning itself as a leader in the clean energy transition [5] Product Features - The Batt Pack Pro offers 5,000W continuous and 10,000W peak power, suitable for job site tools and equipment [6] - It operates silently and emission-free, eliminating noise, fuel dependency, and idling engines [6] - The product is truck-ready, durable, portable, and maintenance-free, allowing for easy integration and recharging through wall power or solar panels [6]
Rugby Resources Shareholders Approve Arrangement with Pampa Metals
Thenewswire· 2025-07-17 12:30
Core Viewpoint - Rugby Resources Ltd. and Pampa Metals Corp. have announced the results of a special meeting where shareholders approved a statutory plan of arrangement and a stock option plan for SpinCo, paving the way for a significant corporate restructuring and potential growth opportunities in the mining sector [1][2][3]. Group 1: Shareholder Meeting Results - At the special meeting, 55.39% of Rugby's outstanding common shares were represented, with 99.97% of votes cast in favor of the Arrangement Resolution and the SpinCo Option Plan Resolution [3]. - The completion of the arrangement is subject to court approval and customary closing conditions, with a hearing scheduled for July 22, 2025, and expected closure around July 24, 2025 [4]. Group 2: Company Profiles - Rugby Resources is focused on exploration in Colombia, Argentina, and Chile, particularly the Cobrasco Project, which aims to demonstrate the economic potential of copper discoveries essential for the transition to electrification [5]. - Pampa Metals is a copper-gold exploration company that has entered into agreements to acquire significant interests in mining projects, including an 80% stake in the Piuquenes Copper-Gold Porphyry Project and 100% of Rugby Resources, which will provide an 80% interest in the Cobrasco Project upon closing [7].
Pinnacle Engages ITG as Market Maker and Closes Shares for Debt Settlement
Thenewswire· 2025-07-17 12:30
VANCOUVER, BRITISH COLUMBIA – TheNewswire - July 17, 2025 (TSXV: PINN, OTC: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. ("Pinnacle" or the “Company") is pleased to announce that, subject to regulatory approval, it has engaged the services of Independent Trading Group ("ITG") to provide market-making services in accordance with TSXV policies. ITG will trade shares of the Company on the TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liqui ...
Lithium Chile Directors and Officers Exercise Options
Thenewswire· 2025-07-17 12:00
Core Insights - Lithium Chile Inc. announced that several directors and officers exercised stock options, indicating strong confidence in the company's strategy and progress towards monetizing the Arizaro lithium project in Argentina [1][2]. Company Developments - A total of 475,000 stock options were exercised at a price of $0.51 per share, generating proceeds of $245,250 for the company [2]. - The leadership team is optimistic about the acquisition of the Arizaro project, with both parties working to finalize definitive agreements based on the letter of intent from December 15, 2024 [3][4]. - The COO emphasized that despite delays, the transaction terms remain unchanged, showcasing the board's commitment to advancing the Arizaro transaction and leveraging the company's asset portfolio, including interests in the Coipasa salar in Chile [4]. Project Overview - Lithium Chile holds a portfolio of 11 properties covering 107,936 hectares in Chile and 29,245 hectares in Argentina's Salar de Arizaro [5]. - The company has made significant progress on the Arizaro project, completing an NI 43-101 compliant Resource Report, a Preliminary Economic Assessment, and a Prefeasibility Study [5].
New Age Metals Completes Phase 1 Antimony-Gold Field Reconnaissance Exploration
Thenewswire· 2025-07-17 12:00
Core Insights - New Age Metals Inc. (NAM) has completed its Phase 1 field reconnaissance exploration program on its Sb-Au properties in Newfoundland, confirming the region's potential for mineralization [1][3][4] - The antimony market has experienced a significant supply shock due to China's export restrictions, leading to a price surge above $60,000 per metric tonne, which has quadrupled over the past year [2][23] - Gold prices have also risen sharply, reaching up to $3,500 per ounce, driven by global uncertainties and increased demand from central banks and retail investors [24][25] Company Developments - The Phase 1 program involved the collection of 286 rock samples and mapping of 63 geopoints, documenting various geological features across NAM's properties [3][5] - Initial field results indicate the presence of high-grade antimony-quartz veins and widespread sulfide-bearing quartz systems, validating NAM's exploration strategy [3][4] - The company is currently awaiting assay results from the Phase 1 samples to guide the next phase of exploration [5] Market Context - China's antimony export ban has created a critical supply shortage, as approximately 70% of the world's antimony is produced or refined in China [2][23] - Central banks have significantly increased their gold purchases, adding 244 tonnes to global reserves in Q1 2025, indicating strong demand for gold as a strategic asset [24] - The convergence of high gold and antimony prices highlights the strategic importance of these metals in the current economic landscape [25] Strategic Positioning - NAM's properties cover approximately 19,800 hectares across 11 non-contiguous sites, strategically located near the Beaver Brook Antimony Mine and New Found Gold's Queensway South Gold Project [26] - The company is actively seeking to expand its mineral acquisition opportunities and is focused on developing its critical metal projects in North America [29][33]
Juggernaut Closes $1,000,000 $0.64 Unit Private Placement Financing
Thenewswire· 2025-07-17 11:45
Core Viewpoint - Juggernaut Exploration Ltd. has successfully closed a private placement financing, raising a total of $1,000,000 to support its exploration activities and general working capital [1][3]. Financing Details - The company issued 1,562,500 units at a price of $0.64 per unit, with each unit comprising one common share and one common share purchase warrant [2]. - The warrants are exercisable at $0.84 for a period of 5 years, with a provision for the company to accelerate the exercise period if the share price exceeds $1.84 for 10 consecutive trading days after the hold period [2]. Use of Proceeds - The funds raised will be allocated towards exploring Juggernaut's properties located in Northwestern British Columbia, as well as for general working capital needs [3]. Securities Regulation - All securities issued in this financing are subject to a hold period of four months plus one day from the date of issuance [4]. Company Overview - Juggernaut Exploration Ltd. is focused on precious metals exploration in the Golden Triangle of northwestern British Columbia, operating in favorable geological and geopolitical conditions for Tier 1 mining [6]. - The company is a member of CASERM, collaborating with the Colorado School of Mines and Virginia Tech, and has Crescat Capital as a key strategic shareholder [6].