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Happy Creek Announces $3,250,000 Private Placement
Thenewswire· 2025-07-15 11:00
Core Viewpoint - Happy Creek Minerals Ltd is initiating a non-brokered private placement to raise up to C$3,250,000 to advance its Fox Tungsten Project and other exploration initiatives in British Columbia [1][2][3] Financing Details - The private placement 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] - The offering includes a lead investment from Waratah Capital Advisors Ltd [2] - Each FT Unit comprises one flow-through common share and one half of a common share purchase warrant, while each NFT Unit consists of one common share and one half of a common share purchase warrant [2] Use of Proceeds - Funds raised will be allocated to drilling, exploration, and development of the Fox Tungsten Project, as well as for general working capital [3] - A 10,000 metre drill program is planned for the current exploration season to expand the project's resource base [2] Tax Implications - FT Shares will qualify as "flow-through shares" under Canadian tax law, with proceeds used for eligible resource exploration expenses [4] - The company will incur qualifying expenditures equal to the gross proceeds from the issuance of FT Shares by December 31, 2026 [4] Related-Party Transactions - Directors, management, and insiders may participate in the offering, which is considered a related-party transaction but is exempt from formal valuation and minority approval requirements [5] Finder's Fees and Closing Conditions - The company may pay finders' fees in accordance with applicable securities laws [6] - Securities issued will be subject to a hold period of four months and one day from the closing date and require necessary approvals [6] Company Overview - Happy Creek Minerals Ltd focuses on discovering and building resources in British Columbia, with projects including the high-grade Fox Tungsten deposit and others [9][10] - The company is committed to responsible mineral resource development and maintaining relationships with Indigenous communities [12]
Giant Mining Intersects Thick Intervals of Oxide Copper at Majuba Hill, Extending Mineralized Breccia Zone
Thenewswire· 2025-07-15 07:05
Core Insights - Giant Mining Corp. has reported positive assay results from its Phase 1 diamond drilling program at the Majuba Hill Porphyry Copper-Silver-Gold Project in Nevada, confirming significant high-grade copper mineralization [1][2][4] Drilling Results - The Core Program has delineated a large copper-mineralized breccia body, with notable results including 205 feet (62.5 m) at 0.27% Cu and 55 feet (16.8 m) at 0.41% Cu from core hole MHB-34 [3][5] - Core hole MHB-32 previously intersected 379.5 feet (115.7 m) grading 0.33% Cu and 16.97 ppm Ag, extending known mineralization deeper and further north [4][9] - MHB-33 and MHB-35 focused on shallower portions of the mineralized zones, confirming the continuity of copper mineralization across the project [3][12] Project Characteristics - Majuba Hill is located in a top-ranked mining jurisdiction in Nevada, covering 9,684 acres with solid infrastructure, which is advantageous for future development [21][22] - The project has a historical production background and shows indications of a potentially large Cu-Ag-Au mineralized body, with significant expansion potential [21][22] Future Plans - The company is fully funded for the next phase of drilling and is eager to advance its exploration efforts, aligning with the U.S. administration's focus on copper as a national security priority [4][25]
Nord Files Year End Financials and Announces MCTO Status
Thenewswire· 2025-07-15 01:15
Company Update - Nord Precious Metals Mining Inc. has filed its annual financial statements for the year ended December 31, 2024, along with the management discussion and analysis and CEO and CFO certifications, following a management cease trade order issued on May 1, 2025 [1] - The company is also required to file its Q1 interim financial statements for the three-month period ended March 31, 2025, and will continue to issue bi-weekly default status reports until the situation is resolved [2][3] Company Operations - Nord operates the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, focusing on high-grade silver discovery and strategic metals recovery [5] - The flagship Castle property covers 63 square kilometers and includes the Castle Mine, with drilling delineating 7.56 million ounces of silver in inferred resources averaging 8,582 g/t Ag (250.2 oz/ton) [5] - The company's integrated processing strategy supports the recovery of high-grade silver while also extracting critical minerals such as cobalt and nickel, utilizing a proprietary hydrometallurgical process for producing technical-grade cobalt sulfate and nickel-manganese-cobalt formulations [6] Strategic Positioning - Nord maintains a strategic portfolio of battery metals properties in Northern Quebec, including a 35% ownership in Coniagas Battery Metals Inc. and the St. Denis-Sangster lithium project, which spans 260 square kilometers near Cochrane, Ontario [7]
Nevis Brands Reports Q2 2025 Results: Revenue Growth, Stable Gross Margin
Thenewswire· 2025-07-14 21:00
Core Insights - Nevis Brands Inc. reported a modest revenue increase in Q2 2025 compared to Q1, driven by stable revenues in licensed markets and early performance of its hemp-derived THC product line [2][4] - The company maintained a gross profit margin of 75%, reflecting the effectiveness of its capital-light licensing model [2][5] - Non-operational factors, including foreign exchange pressure and elevated audit fees, impacted earnings, resulting in a net loss of CAD 92,458 for the quarter [3][4] Financial Performance - Revenue for Q2 2025 was CAD 418,745, slightly up from CAD 416,355 in Q1 [4] - Gross profit was CAD 315,228, showing stability compared to CAD 315,345 in Q1 [4] - EBITDA for the quarter was CAD -16,226, a decline from CAD 135,038 in Q1 [4] Operational Highlights - Geographic expansion in New Jersey and Missouri contributed to revenue growth, with flagship brands Major™ and Happy Apple™ gaining traction [5] - The launch of the Happy Apple™ hemp-derived THC drink generated initial positive consumer feedback, with expectations for sales acceleration in the second half of fiscal 2025 [5] - The company's asset-light strategy continues to validate its gross margin of 75%, allowing for low fixed costs and adaptability to market changes [5] Strategic Outlook - Nevis is positioned to capitalize on growth drivers as the cannabis beverage category matures and consumer adoption increases [6] - The company is focused on scaling revenues and progressing towards sustained profitability, with strong brand momentum and disciplined cost control [6][11] - New distribution partnerships are under review, expected to enhance national distribution for Major™ and Happy Apple™ [11]
Voyageur Pharmaceuticals Grants Deferred Share Units and Options and Accelerates Expiry Date of Warrants
Thenewswire· 2025-07-14 20:30
Core Points - Voyageur Pharmaceuticals Ltd. has issued 128,418 Deferred Share Units (DSUs) to its directors as part of a fixed 10% equity incentive compensation plan, with a starting value of approximately $0.21126 per DSU based on the weighted average share price for the quarter ended June 30, 2025 [1][2] - The company has also granted 100,000 stock options to a director, which are exercisable at an exercise price of $0.195 per share for a period of 10 years [2] - Additionally, Voyageur has granted options to purchase 500,000 common shares at $0.26 per share to a contractor, expiring July 10, 2029 [3] - The company has triggered an acceleration clause for 13,782,345 warrants exercisable at $0.10 per share, which will expire on August 18, 2025 [3] Company Overview - Voyageur Pharmaceuticals is focused on developing barium and iodine Active Pharmaceutical Ingredients (API) for high-performance imaging contrast agents, aiming to vertically integrate the barium and iodine contrast markets [4] - The business plan includes generating cash flow by partnering with established third-party GMP pharmaceutical manufacturers in Canada to validate its products by regulatory agencies worldwide [5] - The company is committed to sustainability and plans to build carbon-capture infrastructure using the Rain Cage EDENTM system, aiming to generate revenue from captured carbon [6] - Voyageur owns a 100% interest in the Frances Creek barium sulphate project, which offers a high-quality mineral resource suitable for the pharmaceutical market, potentially replacing current synthetic products [7] - The company's vision is to become the first vertically integrated player in the radiology contrast media drug market, controlling all primary input costs from raw material sourcing to final production [8]
Integrated Cyber Solutions Rebrands IC360 as SecureGuard360(TM) Advancing its Human Firewall Vision with Next Phase of Development
Thenewswire· 2025-07-14 13:30
Core Insights - Integrated Cyber Solutions Inc. has rebranded its flagship cybersecurity platform from IC360 to SecureGuard360™, emphasizing a commitment to people-centered security data [1][2] - The rebranding aims to enhance market recognition and aligns with the company's long-term product strategy [2] - SecureGuard360™ is designed to provide comprehensive protection across an organization's digital environment, focusing on visibility, simplicity, and intelligence [3] Product Development - The platform is currently in the next phase of development, which includes data integration, ecosystem connectivity, and establishing a robust reporting foundation [4] - SecureGuard360™ is being developed on Microsoft Azure, ensuring scalability and enterprise-grade security for handling large volumes of cybersecurity data [5] - The platform aims to unify data from multiple tools and present it in clear, actionable reports, addressing the challenge organizations face in translating fragmented data into insights [6] Market Opportunity - There is a significant opportunity in cybersecurity reporting, as many organizations struggle to prioritize risks and respond effectively due to fragmented data [5][6] - SecureGuard360™ aims to provide clarity by integrating intelligence from various sources, enabling organizations to make informed decisions [7] - The company is expanding operations in emerging markets, including the Middle East, Africa, and South Asia, focusing on tailored cybersecurity solutions for diverse cultural and regulatory environments [8][9]
Rackla Metals reports drilling has commenced at BiTe and provides initial core observations
Thenewswire· 2025-07-14 11:00
Core Insights - Rackla Metals Inc. has commenced drilling at the BiTe zone on the Grad property in Northwest Territories, Canada, indicating a significant step in their exploration efforts [1][10]. Exploration Details - The Grad property was staked in July 2024, revealing strong gold mineralization and significant sheeted veining, which suggests the presence of a Reduced Intrusion-related Gold Systems (RIRGS) occurrence [2]. - A 4,000m diamond drill program has been initiated to test the gold system, with three drill pads prepared to test 300m of the zone [2][3]. - The first drill hole (G25-001) has reached a depth of 208m, while the second hole (G25-002) is currently being drilled at 48m, showing consistent sheeted veining with an average density of 5 to 10 veins per meter [5]. Geological Findings - The core samples from the drilling show bismuth sulphides, chalcopyrite, and pyrrhotite, with sections of strongly sericitized quartz diorite containing 5% disseminated bismuth sulphides [5][6]. - A team of mountaineering geologists is conducting high-angle sampling to confirm the vertical continuity of the gold-bearing system up to 350m above the drill site [9]. Permits and Support - The Grad Project is fully permitted for the 2025 exploration season, having obtained a five-year Type A Land Use Permit from the Sahtu Land and Water Board [10]. - All necessary contracts are in place to support the exploration program, with various service providers engaged to assist [12]. Company Overview - Rackla Metals Inc. is a junior gold exploration company based in Vancouver, Canada, targeting RIRGS mineralization in the underexplored southeastern part of the Tombstone Gold Belt [14].
Homeland Announces Change in Auditor
Thenewswire· 2025-07-14 11:00
Group 1 - Homeland Nickel Inc. has changed its auditor from Scarrow and Donald, LLP to MNP LLP effective July 7, 2025, due to exposure to United States assets [1] - The Former Auditor resigned on January 30, 2025, and the board appointed the Successor Auditor until the next Annual General Meeting [1][2] - There were no modified opinions in the Former Auditor's reports for the last two financial years, and the resignation and appointment were approved by the board of directors [2] Group 2 - The Notice of Change of Auditor and required letters from both auditors have been reviewed by the audit committee and filed on SEDAR [3] - Homeland Nickel is focused on critical metal resources, with nickel projects in Oregon and copper and gold projects in Newfoundland [4] - The Company holds a significant portfolio of mining securities, including shares in Canada Nickel Company Inc., Noble Mineral Exploration Inc., Benton Resources Inc., and Magna Terra Minerals Inc. [4]
Silver Crown Royalties Closes Final Tranche of its Non-Brokered Private Placement
Thenewswire· 2025-07-14 07:00
Company Overview - Silver Crown Royalties Inc. is a publicly traded silver royalty company with four silver royalties, three of which are revenue-generating [4] - The company's business model provides investors with exposure to precious metals, serving as a hedge against currency devaluation while minimizing the impact of cost inflation associated with production [4] Recent Financial Activity - The company closed the final tranche of its non-brokered offering, issuing 132,693 Units at a price of C$6.50 per Unit, resulting in gross proceeds of approximately C$862,505.50 [1] - A total of 235,531 Units were issued in the offering, generating cumulative gross proceeds of C$1,530,951.50 [2] Use of Proceeds - Proceeds from the final tranche will be allocated to fund the company's silver royalty acquisition on the Igor 4 project in Peru, as well as for general and administrative expenses [3]
Panther Minerals Terminates Option Agreement For Boulder Creek Uranium Project
Thenewswire· 2025-07-12 03:30
Core Viewpoint - Panther Minerals Inc. has formally terminated its option to acquire the Boulder Creek uranium property in Alaska and returned all associated claims to Tubutulik Mining Company LLC [1][2]. Group 1: Termination of Option - The option agreement for the Boulder Creek Project, initiated on April 13, 2024, automatically ended on June 15, 2025, due to Panther's decision not to make the required annual option payment [2]. - The company has executed a quitclaim deed to relinquish all rights and interests in the 140 Alaska State mining claims associated with the Boulder Creek Project [2]. Group 2: Project Background - The Boulder Creek Project was an early-stage uranium exploration initiative located in a historically uranium-active region [3]. - Initial assessments, data compilation, and site review activities were completed, but the company chose not to advance to the next exploration stage due to seasonal, logistical, and capital considerations [3]. Group 3: Future Commitments - Panther Minerals remains focused on advancing its other high-potential exploration assets across North America and will keep shareholders updated on new developments [4]. - The termination of the Boulder Creek option reflects the company's strategic decision to reallocate resources to more promising projects within its portfolio [8].