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Viva Gold Announces Stock Option Grant
Thenewswire· 2025-09-03 00:00
Core Points - Viva Gold Corp has granted a total of 3,250,000 stock options to directors, officers, and consultants, with an exercise price of C$0.12 per share and a three-year expiration period [1] - The vesting schedule includes 50% of the options vesting immediately, and the remaining options vesting 25% at the one-year and two-year anniversaries [1] - The company holds 100% of the Tonopah gold project, which has a measured and indicated mineral gold resource of 394,000 ounces at 0.78 grams/tonne, and an inferred resource of 206,000 ounces at 0.87 grams/tonne [2] - Additional drilling of almost 4,000 meters is planned for 2022, with positive results expected to enhance the resource base [2] - The Tonopah project benefits from excellent infrastructure, including paved road access, nearby water, and grid electric power [2] - Viva Gold is focused on advancing its environmental, social, and technical baseline studies to support future permitting requirements for the Tonopah project [2] - The company trades on the TSX Venture exchange under the symbol "VAU" and has 123.2 million shares outstanding [3]
Issue of Options under Employee Incentive Securities Plan
Thenewswire· 2025-09-02 23:50
Core Points - Mithril Silver and Gold Limited has issued 4,180,000 Options to key management, employees, and consultants under its Employee Incentive Securities Plan approved by shareholders at the November 2024 AGM [1][3] - Subject to shareholder approval at the 2025 AGM, the Company plans to issue an additional 5,200,000 Options to Directors and other key employees and contractors who are related parties [2] - The Options have an exercise price of $1.07 AUD per Option, which is a 50% premium to the closing price of the Company's shares on ASX on 1 September 2025, and an expiry date of 1 September 2028 [3] Company Strategy - The Employee Incentive Securities Plan aims to attract and retain key staff, linking their rewards to the achievement of strategic goals and the long-term performance of the Company [3][6] - The Plan aligns the financial interests of participants with those of shareholders, providing incentives for superior performance that creates shareholder value [6]
Hammond Manufacturing Company Limited Announces Departure of CFO on August 22, 2025
Thenewswire· 2025-09-02 13:30
Company Overview - Hammond Manufacturing Company Limited produces a wide range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors, and electronic transformers [2]. Management Changes - The CFO Mike Hobbs left Hammond on August 22, 2025, and an executive search is currently underway to find a permanent successor [1]. - In the interim, Alex Stirling, the Executive VP who previously held the CFO role, will take on the responsibilities of CFO to ensure continuity in financial operations [1].
Majestic Gold Corp. Declares Dividend
Thenewswire· 2025-09-02 13:30
Core Viewpoint - Majestic Gold Corp. has declared a dividend of CAD$0.0072 per common share, totaling approximately CAD$7.5 million, reflecting the company's commitment to returning value to shareholders while maintaining a strong balance sheet [1][2]. Dividend Announcement - The dividend will be distributed on October 9, 2025, to shareholders of record as of September 16, 2025 [1]. - Based on the closing price of CAD$0.14, the cash dividend represents an estimated yield of approximately 5.14% [2]. Tax Implications - The dividend is designated as an "eligible dividend" for Canadian income tax purposes, with non-resident shareholders generally subject to withholding tax unless reduced by applicable tax treaties [3]. Company Overview - Majestic Gold Corp. is a low-cost junior gold producer engaged in commercial gold production at the Songjiagou Gold Mine in eastern Shandong Province, China [4].
First Canadian Graphite Inc. Corporate Update
Thenewswire· 2025-09-02 12:00
Core Insights - First Canadian Graphite Inc. is positioning itself as a key player in the North American graphite market, focusing on domestic supply to support the clean energy transition [3][18] - The company has a strong resource base with a NI 43-101 mineral resource estimate of 3.2 million tonnes of indicated and inferred graphite at an average grade of 17%, making it one of the highest-grade projects in North America [6][8] - The Berkwood Graphite Project is strategically located near Nouveau Monde Graphite's $3.6 billion NPV Uatnam Graphite Project, enhancing its significance in the region [6][18] Company Overview - First Canadian Graphite has a share structure of only 25.21 million shares outstanding, which reflects a grassroots startup appearance but indicates substantial value built over eight years [2][8] - The company is committed to ESG-focused development and aims to become a leading supplier of graphite in North America [18] - The management team has extensive experience in developing and operating mines globally, which strengthens the company's operational capabilities [9][12] Project Details - The Berkwood Graphite Project hosts large- to jumbo-flake graphite, which is highly sought after for lithium-ion battery anodes, with graphite making up nearly 30% of the mass in a typical electric vehicle battery [7][12] - The project has demonstrated the capability to produce graphite suitable for lithium-ion batteries, validating its end-use potential [12] - The company has accumulated years of drill core data, which has facilitated the resource estimation process [2][6] Market Context - The demand for high-quality, ESG-compliant graphite is expected to grow significantly in North America, driven by the electrification of transportation and renewable energy technologies [3][6] - First Canadian Graphite's strategic focus on securing domestic supply positions it well to meet this increasing demand [3][18]
Armory Mining Corp. Engages ICP Securities Inc. for Automated Market Making Services
Thenewswire· 2025-09-02 11:30
Group 1 - Armory Mining Corp. has engaged ICP Securities Inc. for automated market making services, starting September 2, 2025, for an initial term of four months at a monthly fee of C$7,500 [1][2] - The agreement allows for automatic renewal on a monthly basis unless either party provides a 30-day written notice to terminate [1] - ICP will manage its own costs related to buying and selling the Company's shares, and no third-party funding will be involved in these market-making activities [2] Group 2 - Armory Mining Corp. focuses on minerals critical to energy, security, and defense sectors, controlling an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in the Riley Creek antimony-gold project in British Columbia [5] - The Company also has an option to acquire a 100% interest in the Ammo antimony-gold project located in Nova Scotia [5] Group 3 - ICP Securities Inc. is a Toronto-based CIRO dealer-member established in 2023, specializing in automated market making and liquidity provision with a proprietary algorithm, ICP Premium™, to enhance liquidity [4]
Hyper Bit Announces Convertible Debenture Financing to Order up to 100 Next Gen Elphapex DG2 Crypto Miners and the Arrival of Initial 20 DG1+ Miners at Quebec Facility
Thenewswire· 2025-09-02 06:05
Core Viewpoint - Hyper Bit Technologies Ltd. is planning a non-brokered private placement of unsecured convertible debentures totaling up to $521,525, while canceling a previous loan agreement of $453,500 [1][2]. Group 1: Offering Details - The debentures will be non-interest bearing and issued at a 15% original issue discount, maturing three months from issuance [2]. - The principal amount can be converted into units at a price of $0.30 per unit, at the holder's option, before the maturity date [2]. - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at $0.40 for 36 months [3]. Group 2: Use of Proceeds - Proceeds from the offering will be used to facilitate an order of up to 75 additional ElphaPex DG2 miners, bringing the total to 100 miners [3]. Group 3: Company Operations - The initial order of 20 ElphaPex DG1+ miners has arrived at the Quebec facility, with installation and optimization for mining Dogecoin and Litecoin expected to commence shortly [6][7]. - The ElphaPex DG2 miners are noted for their high efficiency, with a maximum hash rate of 18 GH/s and power consumption of 3960W, resulting in a power efficiency of 0.22j/Mh [7]. Group 4: Company Overview - Hyper Bit Technologies Ltd. specializes in crypto mining operations and blockchain innovations, aiming to unlock value in the crypto ecosystem amid rising global interest in digital assets [10].
Pioneering Technology Reports 2025 Q3 Financial Results
Thenewswire· 2025-08-29 23:00
Core Viewpoint - Pioneering Technology Corp. reported its unaudited financial results for the three and nine months ended June 30, 2025, indicating a flat revenue performance with improved gross profit, while facing challenges from potential tariffs on Chinese goods [1][4]. Financial Performance Summary - Revenue for Q3 2025 was $841,403, a decrease from $890,214 in Q3 2024 [3][5]. - Revenue for the first nine months of fiscal 2025 was $1,962,036, down from $2,067,475 in the same period of fiscal 2024 [3][5]. - Gross profit for the first nine months of fiscal 2025 was $1,016,237, with a gross margin of 52%, compared to $1,024,103 and 50% in the same period of fiscal 2024 [3][5]. - Total expenses for the first nine months of fiscal 2025 decreased to $1,365,376 from $1,674,167 in the same period of fiscal 2024 [3][5]. - Net loss for Q3 2025 was $(86,927), an improvement from $(131,640) in Q3 2024 [3][5]. - Net loss for the nine months was $(374,344), compared to $(691,841) a year ago [3][5]. - Adjusted EBITDA for the first nine months was $(266,601), an improvement from $(518,773) during the same period last year [3][5]. Company Overview - Pioneering Technology Corp. is a leader in cooking fire prevention technologies in North America, focusing on innovative solutions to reduce the risk of cooking fires, which are the leading cause of household fires [6]. - The company’s patented technologies, such as temperature limiting control (TLC), are installed in over 450,000 multi-residential housing units across North America, contributing to a significant reduction in cooking fires [6].
Generations Application for Management Cease Trade Order as Part of the 2025 Audit Filing Process Approved
Thenewswire· 2025-08-29 22:00
Core Viewpoint - Generation Uranium Inc. is experiencing delays in filing its annual audited financial statements for the year ended April 30, 2025, due to a recent CFO transition and the need for additional time to complete audit procedures [1][3]. Group 1: Financial Reporting - The company has provided draft financial statements to its auditor and is working diligently towards the completion and filing of the annual audited financial statements [1]. - The audited financial statements and related management's discussion and analysis were due by August 28, 2025, but the delay is attributed to the CFO transition [3]. - The company will issue bi-weekly default status reports until it meets the required filing requirements [4]. Group 2: Management Cease Trade Order - In light of the anticipated delays, the company applied for a management cease trade order (MCTO) which was issued on August 28, 2025, restricting trading by the CEO and CFO [2]. - The MCTO does not affect trading by individuals who are not directors, officers, or insiders of the company [2]. Group 3: Company Overview - Generation Uranium is a natural resource company focused on the exploration and development of mineral properties, holding a 100% interest in the Yath Uranium Project located in Nunavut [5].
Arizona Gold & Silver Announces Over-Allotment to Oversubscribed Private Placement
Thenewswire· 2025-08-29 21:00
Group 1 - Arizona Gold & Silver Inc. has increased its non-brokered private placement from 3,333,333 units to 6,666,666 units due to investor demand, with total proceeds amounting to CAD$2,000,000 [1][2] - Each unit in the private placement consists of one common share and one transferable share purchase warrant, with the warrants allowing the purchase of additional common shares at an exercise price of CAD$0.40 for 36 months [1][2] - The net proceeds from the private placement will be allocated for project exploration and general working capital purposes [2] Group 2 - All securities issued under the private placement will be subject to a hold period of four months and one day from the closing date, and the company may pay finders' fees in cash or warrants, subject to regulatory approval [2] - Arizona Gold is focused on exploring gold-silver properties in western Arizona and Nevada, with its flagship asset being the Philadelphia gold-silver property [3]