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Generation Uranium Announces New Interim CEO and New Independent Director
Thenewswire· 2025-06-03 22:00
Core Viewpoint - Generation Uranium Inc. announces the resignation of CEO Anthony Zelen and the appointment of Chris Huggins as Interim CEO, along with Christoph Bruening joining the board of directors [1] Group 1: Leadership Changes - Mr. Anthony Zelen has resigned as CEO and Director of Generation Uranium Inc. [1] - Mr. Chris Huggins, with over 30 years of experience in mineral exploration and capital markets, will serve as Interim CEO [2][4] - Mr. Christoph Bruening, founder of Value Relations GmbH, joins the board of directors, bringing over 25 years of experience in investor relations [5][6] Group 2: Background of New Leaders - Mr. Huggins has a background as an exploration geologist and has held senior positions in the mining and construction industries, focusing on strategic growth and operational excellence [3][4] - Mr. Bruening has organized over 500 conferences and listed over 600 companies on the Frankfurt Stock Exchange, with expertise in mining and exploration [5][6] Group 3: Company Overview - Generation Uranium Inc. is engaged in the exploration and development of mineral properties, holding a 100% interest in the Yath Uranium Project located in Nunavut [9]
Credissential Advances CoinCMPLY Platform with CPA Initiative and Strengthens Board with Key Appointment
Thenewswire· 2025-06-03 12:30
Core Insights - Credissential Inc. is transforming its CoinCMPLY platform into a B2B crypto tax preparation solution and is seeking Certified Public Accountants (CPAs) for product development feedback [1][2][3] Group 1: CPA Initiative - The CPA recruitment initiative is part of Credissential's strategic vision to create a diversified financial technology ecosystem addressing market gaps through its software platforms [2] - The company is looking for both cryptocurrency-experienced and traditional CPAs to provide early feedback on the quantum-secured SaaS platform designed for accounting firms [2][3] - This initiative aims to build a platform that addresses real-world accounting challenges as cryptocurrency adoption grows in North America [3][4] Group 2: Leadership Changes - Mr. George Nguyen has been appointed to the board of directors, bringing extensive experience in cloud migration and digital scalability [5][6] - Mr. Nguyen has been granted 100,000 Restricted Share Units (RSUs) as part of his appointment, subject to a standard hold period [7] - Mr. Sebastian Lowes has resigned as General Counsel and director of the company, with the company expressing gratitude for his service [8] Group 3: Company Overview - Credissential is an AI-powered financial services software developer focused on the development and commercialization of products like Credissential Dealerflow, Antenna, and CoinCMPLY [9] - The company aims to address critical friction points in financial transactions, enabling efficient, secure, and compliant value transfer for businesses and individuals [9]
Allied Critical Metals Commences 5,000 Metre Drill Program at its Borralha Tungsten Project
Thenewswire· 2025-06-02 11:30
Core Viewpoint - Allied Critical Metals Inc. has initiated a fully-funded exploration program for its Borralha Tungsten Project in northern Portugal, which includes up to 5,000 meters of core drilling aimed at expanding the resource base and enhancing project economics [1][2]. Company Overview - Allied Critical Metals Inc. is focused on its 100% owned Borralha and Vila Verde tungsten projects in northern Portugal, with the Borralha project being an advanced-stage brownfield site historically mined from 1904 to 1985, producing over 10,280 tonnes of high-grade wolframite concentrate [1][2][9]. - The company aims to become a leading Western supplier of tungsten, a critical metal for various industries including defense, electric vehicles, and semiconductors [10][13]. Exploration and Resource Estimates - The current NI 43-101 resources as of March 2024 indicate: - Indicated: 4.98 million tonnes at 0.22% WO₃, 762 g/t Cu, and 4.8 g/t Ag - Inferred: 7.01 million tonnes at 0.20% WO₃, 642 g/t Cu, and 4.4 g/t Ag [5]. - Recent drilling from 2023 to 2024 returned strong intercepts, including up to 10 meters at 1.75% WO₃ and multiple longer intervals averaging over 0.2% WO₃ [4]. Project Development - The Borralha project is undergoing environmental assessment to transition to full-scale mining, with current permitting allowing bulk sampling of up to 150,000 tonnes per annum [7]. - The project benefits from excellent infrastructure, being located near major cities like Braga and Porto, which provides access to roads, power, water, and skilled labor [8]. Strategic Importance - Borralha represents one of the few near-term, non-Chinese tungsten production opportunities globally, aligning with the West's increasing demand for critical raw materials amid supply chain vulnerabilities [9]. - The tungsten market is estimated to be valued at approximately U.S.$5 to $6 billion, with China and Russia currently representing about 90% of the total global supply and reserves [13].
Panther Minerals Announces CEO Transition and Debt Settlement
Thenewswire· 2025-05-31 03:00
Management Changes - Mr. Robert Birmingham has stepped down as Chief Executive Officer of Panther Minerals Inc., effective immediately [1] - Mr. Birmingham has been appointed as an independent director on the board, effective immediately [2] - The company has initiated a search for a new Chief Executive Officer and will provide updates as the process progresses [3] Debt Settlement - Panther Minerals has entered into a debt settlement agreement to settle outstanding debts totaling $14,785.71 with an arms-length creditor [4] - The company will issue 924,106 shares at a deemed price of $0.016 per share as part of the debt settlement [4] - The shares issued will be subject to a hold period of four months and one day [4] Financial Strategy - The board of directors believes completing the debt settlement is in the best interests of the company to preserve cash for working capital [5] Company Overview - Panther Minerals is a mineral exploration company focused on its North American project portfolio, particularly in high-quality uranium projects [6]
Quantum Critical Metals Advances Mineralogy and Metallurgy for James Bay Projects
Thenewswire· 2025-05-30 13:10
Vancouver, BC – TheNewswire - May 30, 2025 – Quantum Critical Metals Corp. (TSX.V: LEAP | OTCQB: ATOXF | FSE: 86A1) ("Quantum" or the "Company") is pleased to announce it has entered into a nondisclosure agreement with a specialized processing and hydrometallurgy laboratory to initiate metallurgical testing for its Discovery and NMX East projects, located in the Eeyou Istchee James Bay region of Québec.Key Developments: Significant Critical Metals Discoveries A detailed reassessment of drill core assays ...
Tenth Avenue Petroleum Announces First Quarter 2025 Financial & Operating Results
Thenewswire· 2025-05-29 12:00
Core Insights - Tenth Avenue Petroleum Corp. reported financial and operational results for Q1 2025, highlighting significant improvements in revenue and production metrics compared to previous quarters and the same period last year [1][4]. Financial Performance - Total oil, natural gas, and processing revenue for Q1 2025 was $844,349, a 6% increase from $796,139 in Q1 2024 [3]. - Cash flow from operating activities reached $77,816, marking a 161% increase compared to Q1 2024 [3][4]. - Adjusted funds flow was $55,316, a 20% increase from $46,039 in Q1 2024 [3][4]. - Net income (loss) for Q1 2025 was $(268,245), a 22% decline from $(220,322) in Q1 2024 [3]. Production Metrics - The company achieved record production of 187 barrels of oil equivalent per day (boe/d), a 146% increase from Q4 2024 and a 53% increase from Q1 2024 [4]. - Oil and gas sales increased to $818,394 in Q1 2025, a 63% increase from $501,738 in Q4 2024 [4]. - Average realized sale prices for oil were $83.83 per barrel, an 8% increase from $77.45 in Q1 2024 [5]. Operational Highlights - Net production expenses per boe decreased by 56% to $30.61 in Q1 2025 from $70.10 in Q4 2024 [4]. - Total capital expenditures decreased by 91% to $15,323 in Q1 2025 from $168,700 in Q4 2024 [4]. - The company experienced a 194% increase in gas production due to the Patricia acquisition and a 30% increase in oil production from the Murray Lake operations [4]. Challenges - A mandatory shut-in at Swan Hills Unit No. 1 due to a local evacuation is expected to temporarily impact production by 18 boe/d [6][7].
Noble Mineral highlights Successful Exploration Results announced by Canada Nickel, including Mann West
Thenewswire· 2025-05-28 15:30
Core Viewpoint - Noble Mineral Exploration Inc. announced successful exploration drilling results from its joint venture partner Canada Nickel Company in the East Timmins Nickel Company, highlighting the potential for nickel resources in Northern Ontario [1][2]. Group 1: Exploration Results - The Mann property, located 22 kilometers east of Crawford, is 80% owned by Canada Nickel and 20% by Noble Mineral Exploration, consisting of four separate targets: Mann North, Mann West, Mann Central, and Mann South [2]. - Drilling at Mann West revealed 0.33% nickel over 52 meters within a broader interval of 480 meters averaging 0.27% nickel in hole MAN24-65, with a total of 39 holes drilled, 31 of which were during the 2024 campaign [3][4]. - The drilling at Mann West has focused on a strike length of 1.7 kilometers and a width of at least 600 meters, with significant mineralization identified [3][4]. Group 2: Future Plans - Canada Nickel is currently working on an initial resource estimate for Mann West, expected to be published in June 2025 [7]. - Noble Mineral Exploration holds mineral rights and/or exploration rights in approximately 70,000 hectares in Northern Ontario, with plans to generate option/joint venture exploration programs [11][12]. Group 3: Company Background - Canada Nickel Company is focused on advancing nickel-sulphide projects to meet the growing demand for nickel in electric vehicles and stainless steel markets, with its flagship Crawford Nickel-Cobalt Sulphide Project located in a low political risk jurisdiction [9]. - Noble Mineral Exploration is a junior exploration company with interests in various mineral properties, including a 20% stake in East Timmins Nickel Inc. and other exploration properties in Ontario and Quebec [10][12].
Integrated Cyber Solutions Joins NVIDIA Connect Program to Accelerate Development of AI-Driven IC360 Cybersecurity Platform
Thenewswire· 2025-05-28 13:00
Core Insights - Integrated Cyber Solutions has been accepted into the NVIDIA Connect program, which will aid in the development and scaling of its IC360 threat detection and response platform [1][2][3] - The partnership with NVIDIA will enhance IC360's real-time analytics, machine learning capabilities, and operational efficiency, positioning it for robust cybersecurity solutions [1][3] - Integrated Cyber focuses on transforming cybersecurity into a people-driven solution, addressing vulnerabilities rooted in human behavior [4][6] Company Overview - Integrated Cyber Solutions is a global managed security service provider (MSSP) that emphasizes human-centered cybersecurity, particularly for small-to-medium businesses (SMBs) and enterprises (SMEs) [4][5] - The company integrates behavioral intelligence with advanced technology to empower employees as the first line of defense against cyber threats [4][5] - Through its IC360 platform, Integrated Cyber consolidates complex cybersecurity data into actionable insights, combining AI-driven threat detection with behavior-based training [5] Strategic Development - The company is expanding its operations in the Middle East, Africa, and South Asia, with recent partnerships in the UAE, India, and Sri Lanka [5] - Integrated Cyber aims to tailor its solutions to diverse cultural, regulatory, and threat landscapes, establishing itself as a first-to-market provider of behavior-focused cybersecurity in emerging regions [5]
Angkor Resources' Subsidiary Deploys Seismic Analytical Team On Onshore Block VIII, Cambodia
Thenewswire· 2025-05-28 12:30
Core Viewpoint - Angkor Resources Corp. announces the deployment of geoscientists and seismic contractors for a 350-kilometer seismic program on Block VIII in Cambodia, aiming to evaluate hydrocarbon potential and identify drill targets for oil and gas exploration [1][2][3]. Group 1: Project Details - EnerCam Resources, a subsidiary of Angkor, has completed a five-day scoping program to assess planned seismic lines, identifying access routes and potential challenges [2]. - The project involves a 2-D seismic survey along the west side of Block VIII, with the goal of interpreting seismic data to establish drill targets [2]. - The team has traveled over 1,340 kilometers during the scouting program, and plans to deploy 30-40 personnel for the seismic execution upon receiving environmental approval [5]. Group 2: Community Engagement - The company has engaged with local communities, receiving positive feedback regarding oil and gas development, which is seen as an opportunity for employment and economic growth [6]. - In response to community requests, the company has initiated clean water and sanitation projects for vulnerable families, demonstrating its commitment to social responsibility [7]. Group 3: Company Background - Angkor Resources Corp. is publicly listed on the TSX-Venture Exchange and focuses on resource optimization in Cambodia, with interests in mineral and energy solutions [9]. - The company’s energy subsidiary, EnerCam, holds an onshore oil and gas license covering 3,729 square kilometers in Block VIII, indicating significant exploration potential [9].
Headwater Gold Identifies Outcropping High-Grade Veins at its New Doug Target on the Spring Peak Property, Nevada
Thenewswire· 2025-05-28 10:30
Core Viewpoint - Headwater Gold Inc. has identified high-grade epithermal veins at the newly discovered Doug target within its Spring Peak project in Nevada, indicating significant mineral potential in the area [1][4]. Exploration and Discovery - The Doug target is located approximately 9 km north of the Disco Zone and is along the Bear Fault, which is a significant geological structure associated with mineralization [2][11]. - Recent surface exploration has confirmed the presence of outcropping epithermal quartz veins, with notable gold grades of 21.8 g/t, 9.52 g/t, and 7.82 g/t [5][10]. - The Bear Fault corridor is interpreted as a district-scale structure that may host multiple significant mineralized zones, with Headwater controlling over 12 km of strike extent in this area [4][12]. Geological Insights - The vein textures and geochemistry at the Doug target suggest a high-level position within an epithermal system, indicating the potential for preserved high-grade vein targets at depth [5][7]. - Geological mapping is ongoing to understand the relationship between the stockwork zone and major mineralized structures, including the Bear Fault and Aurora Mine vein corridor [11]. Project Expansion - Headwater has expanded its land position by staking 509 new mining claims, bringing the total to over 15 km of continuous strike length along the Bodie–Aurora–Borealis trend, which has historically produced over 4 million ounces of gold [12][13]. - The Spring Peak project is strategically located near existing infrastructure, including a mill and production water wells, enhancing its exploration potential [13]. Future Plans - A systematic program of geological mapping and geochemical sampling is underway, alongside the interpretation of recent geophysical survey results to guide further exploration [13][14].