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Fuse Battery Announces the Signing of an LOI with Pointor AI for a Proposed Change of Business/Reverse Take-Over
Thenewswire· 2025-07-17 11:30
Company Overview - Fuse Battery Metals Inc. has entered into a binding letter of intent to acquire 100% of Pointor AI's common and preferred shares through a three-cornered amalgamation transaction [1] - Pointor AI is a recruitment technology business developing an AI-driven platform aimed at reducing hiring time by 80% and costs by up to 90% compared to traditional methods [2][6] - The company is newly incorporated and focuses on commercializing AI software for the Human Resources and Recruitment Industries [4] Technology and Product Offering - Pointor AI's platform utilizes machine learning and natural language processing to analyze professional data, offering features such as competitor research, automated org chart building, talent mapping, and salary benchmarking [3] - The platform's architecture consists of four layers: data collection, processing, intelligence, and interface, providing an intuitive user experience [3] Market Potential - The global recruitment market is valued at US$757 billion in 2024 and is projected to reach US$2.3 trillion by 2033, with a CAGR of 13.1% [6] - Pointor AI targets large enterprises with over 10,000 employees, initially focusing on the UK and North America, with plans to expand to the EU in Year 2 and Asia in Year 3 [6] Revenue Model - Pointor AI employs a dual revenue model: a per-placement fee model averaging £5,500 per hire and an enterprise subscription model with an average monthly fee of £5,000 [7] - The company claims significant cost advantages, achieving 80-90% savings compared to traditional executive search methods [7] Transaction Details - Fuse will acquire Pointor AI through the issuance of 50,000,000 common shares, with the price per share anticipated to align with a concurrent private placement financing [9] - A finder's fee of 1,500,000 shares is payable upon successful completion of the transaction [15] Management Changes - Following the transaction, three nominees from Pointor AI will join Fuse's board of directors, and Pointor AI's current officers will replace most of Fuse's existing management [19] - Key proposed management includes Jessie (Fan) Johnson as CEO, Tarka L'Herpiniere as CTO, and Oliver Willett as Strategic Advisor [20][23][25] Financial Information - Financial statements for Pointor AI were not available at the time of the announcement, with summary financial information to be disclosed later [8] - Fuse intends to complete a private placement of subscription receipts for gross proceeds of CAD$2.0 million, which will be used for various operational costs [16]
Melkior Announces Promising Grassroots Gold-Base Metal Discovery at Beschefer East
Thenewswire· 2025-07-17 11:00
Core Insights - Melkior Resources Inc. has announced positive results from its winter drilling program at the Beschefer East Project, indicating significant exploration potential in a previously unexplored area [3][4] - The company has entered into an option agreement with SOQUEM Inc. to earn 100% ownership of the Beschefer East Project over three years [1][6] Drilling Program Details - The winter drilling program consisted of six holes totaling 1,050 meters, targeting previously untested areas of the property with each hole having a nominal depth of 175 meters [3][4] - Drilling intersected altered felsic intrusions, felsic volcanics, and minor tuffs, with mineralized intersections localized at or near the contact of mafic and felsic volcanics along the Beschefer Trend [4] Anomaly Identification - A bio-geochemical sampling program collected 1,780 samples, identifying five distinct gold-polymetallic anomaly targets with elevated concentrations of copper, lead, and zinc [5] - The recent drilling represents one of these anomaly areas, which will be reviewed for follow-up work due to its coincidence with geophysical ground IP-EM conductors [5] Project Background - The Beschefer East Project covers 2,906 hectares and contains significant gold and polymetallic potential, with geological similarities to Abitibi Metals' B26 deposit [6] - Historical drilling in the adjacent Beschefer Project has identified high-grade gold zones, indicating the area's potential [7] Initial Drill Results - The initial drill results include significant intercepts such as 5.1 g/t gold, 0.96% copper, and 0.68% zinc over 0.9 meters, confirming an 800-meter copper-gold mineralized horizon [9] - These results suggest the need for more targeted drilling to evaluate the expansion potential of this new target [9] Technical Information - All drill cores were analyzed using standard fire assay procedures, with quality assurance measures in place [16] - The technical information has been reviewed and approved by a qualified person, ensuring compliance with industry standards [17]
Homeland Nickel Samples 2.2% Nickel at Eight Dollar Mountain, Provides Exploration Update
Thenewswire· 2025-07-17 11:00
Core Insights - Homeland Nickel Inc. announced positive exploration results from its Eight Dollar Mountain nickel laterite property, with nickel assay values ranging from 0.21% to 2.21% and an average of 0.67% [3][5][8] Exploration Results - In June 2025, the company collected 56 surface samples from the Eight Dollar property, indicating the presence of nickel laterite [3][5] - The highest assay value recorded was 2.21% Ni, taken from a shallow historical pit, while the average grade was higher than the expected 0.4-0.5% Ni [5][8] Future Plans - The company plans to return to the Eight Dollar property for an expanded sampling program to estimate the extent of the laterite [5][8] - Homeland Nickel is also awaiting approval for its Plan of Operation for the Red Flat Nickel Laterite Project, which has faced delays [8][12] Property Details - The Eight Dollar Mountain Property is located 4 km west of Selma, Oregon, and is accessible via paved roads [7] - Previous exploration efforts in the 1950s and 1970s identified several zones of nickel laterite, but no resources were published [7] Quality Assurance - Sample collection and quality control were managed by a qualified person, ensuring the integrity of the assay results [10][12] Company Overview - Homeland Nickel is focused on critical metal resources, holding various nickel, copper, and gold projects in the United States and Canada [13]
Doseology Appoints Patrick W. Sills as Strategic Go-to-Market Advisor
Thenewswire· 2025-07-17 11:00
Core Insights - Doseology Sciences Inc. has appointed Patrick W. Sills as Strategic Go-to-Market Advisor to enhance its commercialization strategy in the oral stimulant market [1][4][5] Company Overview - Doseology is a biotech innovation company focused on precision-formulated oral stimulants aimed at optimizing energy, focus, and cognitive performance [5] - The company is leveraging scientific research and advanced delivery technologies to pioneer next-generation performance solutions [5] Appointment of Strategic Advisor - Patrick W. Sills brings over 15 years of experience in the nicotine and functional consumer packaged goods (CPG) sectors, having held senior roles at Philip Morris International and Fontem Ventures B.V. [2][3] - His expertise includes go-to-market strategy, product commercialization, and regulatory compliance, particularly in the nicotine pouch and reduced-risk product categories [2][3] Market Potential - Recent market data indicates a 13.4% year-over-year growth in the smokeless tobacco category, including oral nicotine pouches, driven by volume and pricing increases [5] - Brands like ZYN have gained significant market share, reflecting a shift towards alternatives in this product category [5] Strategic Focus - In his advisory role, Sills will focus on product positioning, distribution, regulatory considerations, and market expansion opportunities for Doseology's oral stimulant portfolio [4] - The company aims to lead innovation in the oral stimulant category with an emphasis on speed to market and operational excellence [5]
Aztec Completes First 7 holes of Drilling Program at Tombstone Project and Increases Ownership in Project JV to 85%, Tombstone Gold-Silver Mining District, Arizona
Thenewswire· 2025-07-17 11:00
   Aztec Tombstone Property JV ownership interest increased to 85.0% 7 holes totalling 1,242 meters have been completed with assays pending    Vancouver, Canada – July 17, 2025 – TheNewswire - Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec” or the “Company”) announces that the first 7 holes totalling 1,242 meters of the current, planned, 3,200-meter reverse circulation (RC) portion of the ongoing 5000-meter RC and core drilling program have been completed.  Drill samples were shipped to and rece ...
Lincoln Gold Announces Closing of First Tranche of Private Placement Financing
Thenewswire· 2025-07-17 00:00
Vancouver, BC, July 16, 2025 – TheNewswire - Lincoln Gold Mining Inc. (TSX.V: LMG) ("Lincoln Gold" or the "Company") is pleased to announce that, further to its news releases dated June 5, 2025 and July 9, 2025, the Company has closed the first tranche (the "First Tranche") of its previously announced non-brokered private placement financing for gross proceeds of $185,600 through the issuance of 1,237,333 units of the Company (each, a "Unit") at a price of $0.15 per Unit (the "Private Placement"). Each Unit ...
Universal Ibogaine advises of departure of CFO
Thenewswire· 2025-07-17 00:00
Company Overview - Universal Ibogaine Inc. (UI) is a life sciences company focused on researching and delivering medicalized ibogaine-centered addiction care [1][3] - The company aims to transform addiction treatment through a planned Canadian clinical trial targeting opioid use disorder and intends to expand its treatment protocol globally via future licensing agreements [3] Leadership Changes - Greg Leavens has resigned from his position as Chief Financial Officer and Corporate Secretary to pursue other opportunities, but will assist the company in a consulting capacity during the transition [1][2] Treatment Protocols - UI is developing a state-of-the-art holistic addiction treatment protocol at its Kelburn Recovery Centre, located near Winnipeg, Manitoba, which will be paired with the planned ibogaine detox protocol [3]
Baru Gold Completes First Tranche of Private Placement
Thenewswire· 2025-07-16 16:20
July 16, 2025 – TheNewswire - Vancouver, BC - Baru Gold Corp. (BARU: TSX.V | BARUF: OTCQB) (the "Company" or "Baru") announces that it has completed its first tranche of its private placement (a "Private Placement") for an aggregate of $897,952.50, issuing 10,564,146 Units at $0.085 per unit which was previously announced on July 9, 2025 and subsequently increased the offering on July 11, 2025. Each unit will be comprised of one common share in the capital of the Company (a "Share") and one non-transferable ...
Nord Precious Metals Unveils 68th Test Pit Excavation Drone Video, Confirms Tailings Extend to Property Boundaries
Thenewswire· 2025-07-16 14:40
Core Insights - Nord Precious Metals Mining Inc. has released video documentation of excavation work at its Castle Silver Mine property, highlighting the discovery of Test Pit 68, which is the deepest excavation to date in the exploration of legacy tailings deposits [1][2] Operational Progress - The excavation program has revealed that the area designated for gravity circuit installation is situated atop historical tailings rather than bedrock, transforming site preparation into resource delineation [4] - Each test pit provides both geotechnical data and potential feed material, with the company confirming an alternate location for a modular processing facility [4][8] - The systematic approach to excavation includes precision work within defined parameters, comprehensive documentation of stratified layers, and methodical sample collection for metallurgical characterization [5][10] Strategic Implications - The discovery of extensive tailings deposits at property boundaries indicates that the resource footprint exceeds initial estimates, suggesting significant potential for resource expansion [6] - The confirmation of high-grade material extending beyond previously mapped areas enhances the project's near-term potential and could strengthen project economics from the commencement of operations [7] Next Steps - The company will continue test pit exploration to property boundaries, focusing on determining the source of migrating tailings and developing a three-dimensional model that integrates historical mine plans with current excavation results [9]
Happy Creek Upsizes Previously Announced Private Placement to $3,750,000
Thenewswire· 2025-07-16 14:35
Core Viewpoint - Happy Creek Minerals Ltd has increased its non-brokered private placement to raise gross proceeds of up to C$3,750,000 due to demand, with offerings including charity flow-through units and non-flow-through units [1][3] Group 1: Offering Details - The Offering consists of charity flow-through units (FT Units) priced at C$0.07 and non-flow-through units (NFT Units) priced at C$0.05 [1] - Each FT Unit includes one flow-through common share and one half of a common share purchase warrant, while each NFT Unit includes one common share and one half of a common share purchase warrant [2] - The warrants are exercisable at a price of C$0.07 for a period of 60 months from the date of issue [2] Group 2: Use of Proceeds - Gross proceeds from the Offering will be allocated to the drilling, exploration, and development of the Fox Tungsten Project and other exploration projects in the Cariboo district of British Columbia, as well as for general working capital [3] Group 3: Tax and Regulatory Information - FT Shares will qualify as "flow-through shares" under the Income Tax Act (Canada), with proceeds used for eligible resource exploration expenses [4] - The Company will incur qualifying expenditures not less than the gross proceeds raised from the FT Shares by December 31, 2026, and will renounce these expenditures to the initial purchasers by December 31, 2025 [4] Group 4: Related-Party Transactions - Directors, management, and insiders may subscribe for securities in the Offering, which will be considered related-party transactions but exempt from formal valuation and minority approval requirements [5] Group 5: Finder's Fees and Closing Conditions - The Company may pay finders' fees in accordance with applicable securities laws and TSX Venture Exchange policies [6] - Securities issued under the Offering will be subject to a hold period of four months and one day from the closing date and are contingent on necessary approvals [6] Group 6: Company Overview - Happy Creek is focused on discovering and building resources near infrastructure, with a portfolio of diversified metals projects in British Columbia, including the high-grade Fox Tungsten deposit [9] - The Company previously closed the sale of the Highland Valley Copper Project to Metal Energy Corp, holding a 9.9% stake in Metal Energy and a potential 2.5% Net Smelter Return royalty [10]