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Bitcoin Well Reports 2025 Q2 Financial Results
Thenewswire· 2025-08-22 11:30
Edmonton, Alberta – August 22, 2025 – TheNewswire - Bitcoin Well Inc. (“Bitcoin Well” or the “Company”) (TSXV: BTCW; OTCQB: BCNWF), the non-custodial bitcoin business on a mission to enable independence, today announced financial and operating results for the second quarter ended June 30, 2025.Key highlights Revenue of $32.1 million for the 3-months ended June 30, 2025 (Q2 2024: $23.3 million, +38%) and $63.9 million for the 6-months ended June 30, 2025 (2024: $39.4 million, +62%). Online Bitcoin Portal ...
Guardian Announces Issuance of Shares to Retire Debt
Thenewswire· 2025-08-21 23:55
Core Points - Guardian Exploration Inc. has issued 200,000 common shares at a deemed price of $0.115 per share to retire $23,000 of indebtedness to an arm's length contractor [1] - The completion of the debt settlement was subject to conditional approval from the TSX Venture Exchange, which has been obtained [1] - All shares issued in connection with the debt settlement are subject to a statutory four-month hold period in accordance with applicable securities laws [2] Company Overview - Guardian Exploration Inc. is a TSXV listed company engaged in oil and gas as well as mineral exploration and development [3] - The company's prospects include the Mount Cameron Property in the Yukon's Mayo Mining District, mineral claims on southern Dall Island in Southeast Alaska known as the Kaigani claims, and the Sundog and Esker gold projects located in the Kivalliq Region, Nunavut [3]
Goldgroup Announces Non-Brokered Private Placement
Thenewswire· 2025-08-21 19:36
Core Viewpoint - Goldgroup Mining Inc. has announced a non-brokered private placement of up to 5,000,000 units at a price of $0.80 per unit, aiming to raise up to $4,000,000 for strategic growth and acquisition opportunities in the mining sector [1][3]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one-half common share purchase warrant, with each full warrant exercisable at $1.10 for 24 months [1]. - The company intends to pay finders' fees to eligible finders, subject to TSX Venture Exchange approval, and all securities will be subject to a statutory hold period of four months and one day post-closing [2]. Group 2: Strategic Growth Plans - Goldgroup is focusing on organic growth through optimization at its Cerro Prieto mine and targeted acquisitions in the mining sector [3]. - The net proceeds from the private placement will primarily be used for assessing and pursuing acquisition opportunities, with a focus on enhancing shareholder value [3]. - The company has been conducting due diligence on potential mineral projects but has not yet completed any acquisition transactions [3].
Lite Access Provides Additional Details About Acquisition of Ironman
Thenewswire· 2025-08-21 18:20
Core Viewpoint - Lite Access Technologies Inc. is providing additional details regarding the acquisition of Ironman Directional Drilling, which is expected to enhance the company's operational capabilities and financial performance through increased gross margins and revenue growth [1][4]. Group 1: Acquisition Details - The acquisition involves a definitive share exchange agreement dated December 7, 2024, to acquire Ironman and its U.S. subsidiary for approximately $8 million in shares and $6 million in cash [1][3]. - The final consideration includes 85,392,538 shares, representing nearly 50% of the company post-listing, and deferred cash payments of $1.2 million per year for five years [3]. Group 2: Business Rationale - The acquisition is expected to improve gross margins as the company has previously faced negative margins due to reliance on subcontractors for directional drilling services [4]. - The combination of Lite Access and Ironman is anticipated to increase revenue through the integration of Ironman's existing revenue and the ability to offer Ironman's services on new projects [4]. Group 3: Management and Governance - The acquisition will bring in an experienced management team from Ironman, which is expected to positively impact the company's ability to bid for and execute larger fiber optic projects [5]. - Mr. Irmen, a director of Lite Access and principal of Ironman, recused himself from board discussions regarding the acquisition to ensure minority shareholder protection [5]. Group 4: Company Background - Lite Access is recognized as an industry leader in telecommunications, providing integrated solutions for various telecom requirements, including fiber optic installations [7][9]. - Ironman Directional Drilling, established in 1999, specializes in trenchless horizontal directional drilling services across Western Canada, focusing on cost-effective and minimally invasive underground infrastructure installations [11].
Ecolomondo Keeps Delivering its Sustainable rCB
Thenewswire· 2025-08-21 16:45
Core Viewpoint - Ecolomondo Corporation has successfully shipped multiple truckloads of recovered carbon black (rCB) from its Hawkesbury TDP facility, indicating strong demand and validation of product quality from major off-take customers [1][2][3]. Group 1: Production and Operations - The Hawkesbury TDP facility has recently completed the installation and commissioning of new milling equipment and rCB processing line, leading to the processing of rCB and the receipt of five purchase orders from major customers [2][3]. - Once fully operational, the Hawkesbury facility is expected to process approximately 1 million scrap tires annually, producing around 4,000 MT of rCB, 5,000 MT of pyrolysis oil, 2,000 MT of steel, and 1,200 MT of process gas [5][10]. Group 2: Customer Adoption and Market Validation - A major off-take customer has approved the quality of Ecolomondo's rCB, and another major customer in the USA is expected to begin placing bulk purchase orders soon, reflecting confidence in the product [3][4]. - The steady adoption of rCB by off-take customers globally indicates its integration into regular production for sustainable products [4]. Group 3: Future Growth and Strategy - Ecolomondo aims to expand its operations aggressively in North America and Europe, focusing on building and operating TDP facilities strategically located near feedstock and customers [14]. - The company has received ISCC certification for its Hawkesbury facility, enhancing the commercial value of its end-products through traceability in the supply chain [15]. Group 4: 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, and is expected to reduce CO2 emissions by 15,000 tons per year at the Hawkesbury facility [19].
Viva Gold Announces Filing PEA Study for its Tonopah Gold Project, Nevada
Thenewswire· 2025-08-21 16:10
Core Viewpoint - Viva Gold Corp has filed a Preliminary Economic Assessment (PEA) report for the Tonopah Gold Project, indicating its potential viability for development as an economic open pit gold mine [1][2]. Project Overview - The Tonopah Gold Project is located approximately 20 minutes from Tonopah, Nevada, and the PEA was prepared by WSP Canada Inc. and Kappes, Cassiday Associates [1][2]. - The project is designed to operate at a rate of 45,000 tonnes per day over a seven-year mine life, producing approximately 75,000 ounces of gold annually for the first two years, with an average of 50,000 ounces per year in years three to seven [3]. Economic Results - The after-tax net present value (NPV) at a 5% discount rate is estimated at $111.6 million at a gold price of $2,400 per ounce, increasing to $363.6 million at $3,200 per ounce [4]. - The after-tax internal rate of return (IRR) is projected at 17.6% at $2,400 per ounce, rising to 43.4% at $3,200 per ounce [4]. - The after-tax payback period is estimated at 3.6 years at $2,400 per ounce, decreasing to 1.8 years at $3,200 per ounce [4]. Cost Structure - Average production cash costs are projected at $1,164 per ounce of gold, with an all-in sustaining cost (AISC) of $1,269 per ounce [4]. - Pre-production capital expenditure is estimated at $219.9 million, with $22.2 million in working capital and additional sustaining capital of $70.4 million [4]. Future Work Program - The future work program recommended by WSP and KCA includes further refinement and optimization of the final mine and process plan, with a focus on improving capital and operating costs [2][4]. Management and Company Background - Viva Gold is led by CEO James Hesketh, who has extensive experience in the mining industry, having developed and constructed eight other mines globally [7][8]. - The company is advancing the Tonopah Gold Project with the support of institutional shareholders and is committed to environmentally and socially responsible development [9][8].
Sonoro Energy Commence Drilling at the Countess Well in Alberta
Thenewswire· 2025-08-21 13:10
Core Viewpoint - Sonoro Energy Ltd. has commenced drilling the Countess Well in Alberta, targeting Mississippian-aged carbonate formations at an estimated depth of approximately 3,500 feet [1][2]. Group 1: Company Operations - The Countess Well is located at 04-15-19-15 W4, approximately 10 kilometers west of Brooks, Alberta, with Sonoro holding a 100% working interest in the project [3]. - The drilling team is focused on strict health and safety practices during the drilling program [2]. Group 2: Company Overview - Sonoro Energy Ltd. is a Calgary-based oil and gas exploration company that aims to identify and develop high-quality resource opportunities in Western Canada and the Middle East [4]. - The company is committed to responsible energy development and delivering value through operational excellence [4].
Guardian Acquires Exploration Data for Esker Gold Project, Kivalliq, Nunavut
Thenewswire· 2025-08-21 13:00
In consideration for the Acquired Data, Guardian made a cash payment of $20,000 to New Break and issued to New Break, 1,000,000 common shares in the share capital of the Corporation. The acquisition of the Acquired Data is an Arm's Length Transaction under the policies of the TSX Venture Exchange (the "Exchange"). Completion of the acquisition was subject to receipt of conditional approval from the Exchange. Conditional Exchange approval was received. The Corporation expects to receive final Exchange approv ...
Wedgemount Resources Announces Unplanned Outage in Crews & Talpa Areas
Thenewswire· 2025-08-21 12:30
Core Points - Wedgemount Resources Corp. has temporarily shut in approximately 50% of its oil and gas production due to two unplanned events at third-party gas gathering pipelines [1] - The outages were initially expected to last a maximum of two weeks, but repairs are now projected to be completed in early September 2025 [2] - Wedgemount Resources is focused on maximizing shareholder value through the acquisition, development, and exploitation of oil and gas projects in Texas, USA [3]
Scandium Canada Accelerates Outreach to Industrial Users for its Patent-Pending Alloys
Thenewswire· 2025-08-21 12:10
Core Insights - Scandium Canada Ltd is initiating a strategic initiative to engage with industrial users for its advanced patent-pending aluminum scandium alloys [1][3] - The company aims to leverage the unique properties of scandium-enhanced alloys to drive adoption across various industrial applications [3][5] Company Initiatives - Scandium Canada has partnered with Productique Québec to pursue industrial partnerships and market validation [2][6] - The initiative is supported by the Centre Québécois de Recherche et de Développement de l'Aluminium (CQRDA) [2][8] - The work will be conducted through Scandium+, a division dedicated to the development of the scandium market [4] Product Development - The patent-pending alloys are expected to transform industries such as aerospace and transportation by offering improved strength-to-weight ratio, corrosion resistance, and fabrication flexibility [3][5] - The company is focused on delivering superior materials that enhance performance and sustainability for manufacturers and end-users [5] Collaboration and Support - Productique Québec will assist Scandium Canada in connecting with companies that can benefit from scandium alloys integration and will facilitate pilot projects and proof-of-concept demonstrations [7][8] - CQRDA's support is aimed at strengthening Quebec's industrial landscape through high-value-added aluminum transformation [9][11] Market Positioning - Scandium Canada aims to become a market leader in scandium while promoting a responsible economy through innovation and agility [12]