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Lexaria Announces Closing of $2 Million Registered Direct Offering of Common Stock
Thenewswire· 2025-04-28 20:15
Core Viewpoint - Lexaria Bioscience Corp. successfully closed a registered direct offering, raising $2.0 million by selling 2,000,000 shares at $1.00 each, minimizing dilution for existing shareholders by avoiding the issuance of new warrants, except for pre-funded warrants [1][2][3]. Group 1: Offering Details - The offering involved a single institutional investor purchasing 2,000,000 shares of common stock or pre-funded warrants at a price of $1.00 per share [1]. - The gross proceeds from the offering were $2.0 million before deducting placement agent fees and other expenses [3]. - H.C. Wainwright & Co. acted as the exclusive placement agent for the offering [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for working capital and other general corporate purposes [3]. Group 3: Company Background - Lexaria operates a patented drug delivery platform, DehydraTECH™, which enhances the absorption of various drugs through oral delivery [6]. - The company holds a robust intellectual property portfolio with 48 patents granted and additional patents pending worldwide [6].
Star Royalties Provides Updates on Green Star Royalties and Corporate Strategy
Thenewswire· 2025-04-28 11:00
Core Insights - Star Royalties Ltd. has provided an update on Green Star Royalties Ltd.'s royalty portfolio and corporate strategy, highlighting the challenges faced in the carbon markets and the decision to terminate future capital commitments to the CarbonNOW program [1][3][4]. Carbon Markets Update - North American carbon markets are experiencing significant headwinds, leading to reduced carbon credit pricing and demand due to factors such as the U.S. withdrawal from the Paris Agreement and economic uncertainties [2]. - A key carbon credit offtaker has announced solvency issues, further impacting market conditions [2]. Green Star's Strategic Decisions - Green Star's management has reassessed the economic feasibility of its assets, resulting in the termination of commitments to the CarbonNOW program due to elevated risks and a deteriorating return profile [3][6]. - The decision was unanimously supported by joint-venture partners, with a focus on reallocating capital to high-quality, cash-flowing royalties in decarbonization projects [4][6]. Portfolio Updates - Green Star has acquired gross revenue royalties from NativState LLC on Improved Forest Management projects, actively engaging with brokers to monetize carbon offsets [8][10]. - The company is exploring various monetization strategies, including long-term offtakes and direct sales [10]. Project Highlights - Project ACR 912 and Project ACR 913 involve sustainably managed forestland in Arkansas, with expected carbon offset issuances by the end of 2025 [12][13]. - The Elizabeth Metis Settlement Forest Carbon Project is set to complete baseline inventory measurement by late 2025, with carbon credit issuance anticipated by 2027 [18]. - The Lac Seul First Nation Forest Carbon Project currently lacks a viable path for carbon credit generation, with future updates pending [19]. Corporate Strategy - Star Royalties aims for an 80% focus on precious metals and 20% on green initiatives, including carbon credits and cleantech [20]. - Green Star, 46% owned by Star Royalties, was established to provide exposure to carbon markets and ESG themes, with a focus on cash-flowing opportunities [21][22]. - The company remains optimistic about future value creation despite current market challenges, believing in the royalty model's fit for carbon markets [22][23]. Mining Portfolio Outlook - The mining royalty portfolio outlook has improved, with rising gold prices exceeding US$3,300/oz, and the Copperstone Gold Project expected to generate significant cash flows upon resuming production in mid-2026 [23][24]. - The company anticipates several de-risking events and milestones across its mining assets, aiming to close the valuation gap with its market capitalization [27].
Allied Critical Metals Announces Completion Of Reverse Take-Over
Thenewswire· 2025-04-24 22:30
Core Viewpoint - The completion of the reverse takeover of Deeprock Minerals Inc. by Allied Critical Metals Corp. marks a significant milestone for the company, positioning it as a reliable supplier of critical minerals, particularly tungsten, in a market increasingly focused on securing alternative sources outside of China and Russia [2][3]. Transaction Details - The transaction was executed through a plan of arrangement involving a three-cornered amalgamation, where ACM amalgamated with a wholly-owned subsidiary of the company, resulting in the cancellation of ACM shares and the issuance of common shares of the company on a 1-for-1 basis [3]. - Prior to the transaction, the company changed its name to "Allied Critical Metals Inc." and consolidated its common shares on a 40-to-1 basis, transferring existing assets and liabilities to a subsidiary, Revelation Minerals Inc. [4]. Financial Aspects - ACM completed a brokered private placement of subscription receipts at a price of $0.20 per receipt, raising approximately $4.6 million through the issuance of 22,890,680 subscription receipts [5]. - Each subscription receipt was converted into units of the resulting issuer, consisting of one share and one-half of a common share purchase warrant, with an exercise price of $0.25 per share for a period of 24 months [5][6]. Trading Resumption - Trading in the resulting issuer shares was halted on the Canadian Securities Exchange on October 29, 2024, and is expected to resume by April 29, 2025, under the symbol "ACM," pending final approval from the CSE [7]. Company Overview - Allied Critical Metals Inc. is headquartered in Vancouver, British Columbia, focusing on the acquisition, exploration, and development of mineral resource properties in Canada and tungsten projects in Portugal, specifically the Borralha and Vila Verde Tungsten Projects [8].
Arctic Star Announces Application for a Management Cease Trade Order
Thenewswire· 2025-04-22 20:15
April 22, 2025 – Vancouver, British Columbia – TheNewswire - Arctic Star Exploration Corp. ("Arctic Star" or the "Company") wishes to announce that its annual financial statements for the year ended December 31, 2024, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Annual Filings") are not expected to be filed as required under Canadian securities legislation by the required filing deadline of April 30, 2025 (the "Filing Deadline"). This news rele ...
Femto Technologies Announces Reverse Split Implemented
Thenewswire· 2025-04-22 12:05
Core Viewpoint - Femto Technologies Inc. has implemented a 1-for-500 reverse stock split to comply with Nasdaq's minimum bid price requirement for continued listing [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split became effective on April 22, 2025, and was approved by the board on April 10, 2025 [1]. - Following the split, the number of issued and outstanding subordinate voting shares decreased from approximately 299,848,784 to about 599,697 [4]. - The trading of subordinate voting shares will continue under the symbol "FMTO" with a new CUSIP number 31447N303 [2]. Group 2: Impact on Shareholders - Every 500 subordinate voting shares will be combined into one, with fractional shares rounded down or up based on specific criteria [3]. - The reverse stock split will uniformly affect all shareholders without altering their relative interest in the company's equity, except for adjustments related to fractional shares [3]. Group 3: Company Overview - Femto Technologies Inc., formerly known as BYND Cannasoft Enterprises Inc., is a public company focused on female wellness and has developed the Sensera product [5]. - The company's Smart Release System (SRS technology) is recognized in the CES Innovation Awards® 2025 in the AI category [5]. - Current devices are in the early development stage and will require testing and regulatory approvals before market release [5].
Rockland Resources Begins Trading on OTCQB (BERLF) and Frankfurt Exchange (GB2)
Thenewswire· 2025-04-22 12:00
Core Viewpoint - Rockland Resources Ltd. has successfully listed its common shares on the OTCQB Venture Market in the U.S. and the Frankfurt Stock Exchange, enhancing its visibility and accessibility to a broader investor base [1][2]. Group 1: Company Listings - Rockland's common shares are now trading under the symbol BERLF on the OTCQB and GB2 on the Frankfurt Stock Exchange, while continuing to trade on the Canadian Securities Exchange [1]. - The OTCQB Venture Market provides a platform for early-stage and growth companies, requiring them to meet rigorous reporting standards and undergo annual verification [2]. Group 2: Market Impact - The Frankfurt Stock Exchange is one of the largest securities trading platforms globally, facilitating around $2 trillion in trading volume in 2024, which enhances Rockland's exposure to institutional and retail investors [3]. - The strategic advantage of the Frankfurt Stock Exchange lies in its strong domestic presence in Germany, a market with over 80 million people [3]. Group 3: Company Focus - Rockland Resources specializes in critical minerals exploration, particularly beryllium, at its projects located in the Spor Mountain region of Utah, USA [4]. - Beryllium is recognized as a high-value, essential light metal with applications across various sectors, including aerospace, telecommunications, and defense, and is classified as a critical mineral by the U.S. government [4].
Viva Gold Announces Results of Annual General Meeting
Thenewswire· 2025-04-21 14:30
VANCOUVER, BC – TheNewswire - April 21, 2025 – Viva Gold Corp (TSX-Venture: VAU; OTCQB: VAUCF) (the “Company” or “Viva) is pleased to announce that shareholders approved all items for voting at its Annual General Meeting held on April 17, 2025. The number of directors was fixed at six (6). Christopher Herald, James Hesketh, Edward Mahoney, David Whittle, Andrew Bolland and Adrian Goldstone were all retained on the Board of Directors. The appointment of Saturna Group of Chartered Professional Accountants ...
Element79 Gold Corp. Provides Update on Chachas General Assembly
Thenewswire· 2025-04-17 13:00
Vancouver, British Columbia – TheNewswire - April 17, 2025 – Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF), (the “Company”) herein provides an update on the latest community engagement and ongoing development efforts in the Rural Community of Chachas (“Chachas”) for its Minas Lucero Project in Arequipa, Peru.Multi-Stakeholder Meeting in the Chachas on April 12thAs previously outlined in the Company’s news release of March 28, 2025, the Spring General Assembly Meeting took place on April 12, 202 ...
Windfall Geotek Announces Management Restructuration and How AI is Shaping the Future of Mining Digital Exploration
Thenewswire· 2025-04-17 12:30
Core Viewpoint - Windfall Geotek has undergone a management restructuring to enhance its leadership and strategic direction in the mining sector, leveraging its expertise in Artificial Intelligence for digital exploration [1][2]. Management Restructuring - The company appointed Michel Fontaine, Marcel Robillard, and Mario Drolet to its board of directors, with Fontaine taking on the role of Interim Chairman, President, and CEO [1][2]. - Daniel Belisle was nominated as the Chief Financial Officer effective March 1, 2025 [1][5]. - Resignations included David Beck from his roles as Chairman, President, and CEO, effective February 21, 2025, along with Dorian Nicol and Joseph Lafleur from their director positions [2]. New Board Members - **Michel Fontaine**: A private investor and entrepreneur with over 20 years in the financial and mining industries, he is the founder of Windfall and has previously served as its President and CEO [2]. - **Marcel Robillard**: An experienced geologist with over 25 years in the mining industry, currently the President and CEO of Puma Exploration Inc. [3]. - **Mario Drolet**: A finance professional with over 30 years of experience, he is the founder and president of MI3 Financial Communications Inc. and has worked with various mining companies [4]. AI and Exploration Strategy - Windfall Geotek has been utilizing AI since 2005 to develop proprietary systems for data analysis and mining exploration, combining public and private datasets [6][10]. - The company aims to validate its AI-generated targets and enhance exploration success rates while also focusing on landmine detection applications [10]. Performance and Success Rate - The AI system has shown a success rate of over 70% when clients actively pursued the targets identified by Windfall [8]. - The company has facilitated over 37 discoveries for clients, with notable successes including kimberlite discoveries in Brazil and the Noront discovery in the Ring of Fire [8][9].
Vanguard Mining Advances 90,000-Hectare Yuty Prometeo Uranium Project Adjacent to UEC's 8.96M lbs Deposit with NI 43-101 Technical Report Underway
Thenewswire· 2025-04-17 07:05
Core Viewpoint - Vanguard Mining Corp. has acquired the Yuty Prometeo Project in Paraguay, which is expected to enhance its uranium exploration strategy, with an initial NI 43-101 Technical Report to be prepared by senior geologist Ariel Testi [1][3]. Company Overview - Vanguard Mining Corp. is a Canadian mineral exploration company focused on high-value strategic minerals, particularly uranium, and is advancing projects in the United States and Paraguay [21]. - The company aims to create value through responsible exploration and the acquisition of promising uranium properties [21]. Project Details - The Yuty Prometeo Project consists of a 90,000-hectare (222,395-acre) land package, including the San Jose and Prometeo concessions, located in the uranium-rich Paraná Basin of southeastern Paraguay [2][8]. - The Prometeo Concession covers approximately 27,666 hectares (68,368 acres) and is adjacent to UEC's Yuty Project, which has a defined uranium resource of 8.96 million pounds [2][9]. - The San Jose Concessions total approximately 62,210 hectares (153,754 acres) and have shown significant uranium anomalies based on previous radiometric surveys [10][11]. Geologist Profile - Ariel Testi, a seasoned geologist with 22 years of experience in the mining industry, has been retained to prepare the initial Technical Report for the Yuty Prometeo Project [4][6]. - Testi has a strong background in mineral exploration and has previously contributed to significant discoveries, including the Ivana Deposit in Argentina [6][7]. Industry Context - Paraguay is emerging as a favorable mining jurisdiction in South America, characterized by political stability, low sovereign risk, and a supportive regulatory environment for mineral exploration [20]. - The country is increasingly recognized for its potential in uranium and other strategic minerals, making it an attractive destination for mining companies [20].