Thenewswire

Search documents
Fidelity Minerals Announces Proposed Share Consolidation
Thenewswire· 2025-06-13 23:00
Core Viewpoint - Fidelity Minerals Corp. intends to consolidate its common shares on a basis of five pre-consolidation shares for one post-consolidation share, aiming to enhance marketability and facilitate future financing [1][2]. Share Consolidation Details - The consolidation will reduce the number of outstanding shares from 108,652,859 to approximately 21,730,571 post-consolidation [1]. - The consolidation is expected to take effect around June 30, 2025, pending necessary approvals [1]. Shareholder Information - Uncertificated shareholders will have their accounts electronically adjusted without needing additional actions [3]. - Registered shareholders with physical certificates will receive a letter of transmittal to exchange their pre-consolidation shares for post-consolidation shares [4]. Company Overview - Fidelity Minerals is focused on developing high-quality mining assets in Peru and Canada, with projects like the Sunsets Project in British Columbia and the Las Huaquillas project in Northern Peru [6]. - The company also holds a 25% interest in the Florina Greensands project, which targets the potassium fertilizer market [6]. - The management team is experienced and aims to expand the project portfolio through strategic acquisitions [6].
Pampa Metals Announces $5 million LIFE Offering
Thenewswire· 2025-06-13 21:55
Core Viewpoint - Pampa Metals Corp. is initiating a non-brokered private placement aiming to raise between $4 million and $5 million through the issuance of shares priced at $0.16 each, with Canaccord Genuity Corp. serving as the financial advisor for this offering [1][6]. Group 1: Offering Details - The private placement will consist of up to 31,250,000 shares offered under the Listed Issuer Financing Exemption, applicable in all Canadian provinces except Quebec [2]. - The offering is scheduled to close around June 27, 2025, and is subject to customary conditions for such transactions [4]. - The shares will not be subject to a Canadian hold period as per applicable securities laws [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to fund exploration at the Piuquenes Project and the Cobrasco Project, as well as for working capital and general corporate purposes [4]. Group 3: Financial Advisor and Fees - Canaccord Genuity Corp. will receive an advisory fee of 1% of the total gross proceeds raised from the offering [6]. - The company may also pay finder's fees of up to 5% in cash and 5% in finder's warrants, with warrants having an exercise price of $0.30 and a term of 2 years [6]. Group 4: Company Background - Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange, Frankfurt, and OTC exchanges [7]. - The company has entered into an agreement to acquire an 80% interest in the Piuquenes Copper-Gold Porphyry Project in Argentina and plans to acquire 100% of Rugby Resources Ltd., which will provide an 80% interest in the Cobrasco Project in Colombia [7].
Lucky Minerals Announces Corporate Update
Thenewswire· 2025-06-13 12:00
Core Viewpoint - Lucky Minerals Inc. is undergoing a restructuring process, which includes changes in management, an amending agreement regarding the Prud'homme property, and a change in auditors [1]. Management Changes - Francois Perron has resigned as President, CEO, and interim Chairman but will remain as an independent director [2]. - Patrick Laforest has been appointed as Chief Operating Officer, President, and director, while Mario Bouchard has been appointed as an independent director [3]. Management Background - Patrick Laforest has nearly 15 years of experience in exploration and production geology, having worked with companies like Canadian Royalties and Hecla Mining. He holds an MBA from Laval University and has experience as an investment adviser [4][5]. - Mario Bouchard has a 42-year career in the Quebec government, including roles in strategic industries and major economic projects. He managed a billion-dollar investment fund focused on the mining sector [6][7][8]. Amending Agreements - The company has entered into an amending agreement regarding the option to acquire a 100% interest in the Prud'homme property, which includes several financial and operational conditions [11]. - Key amendments include extending the option payment deadline to June 30, 2025, setting a floor price for property shares at $0.10, and requiring a minimum of $1,000,000 in expenditures by the second anniversary of the effective date [12]. Property Details - The Prud'homme property consists of 79 mining titles located in Nunavik, Quebec, and includes approximately 18 known mineralized zones primarily containing copper, zinc, gold, and silver [15][16]. Change of Auditor - The company has appointed Mao & Ying LLP as the new auditors, replacing Olayinka Oyebola & Co., effective September 10, 2024. There were no reservations in the former auditor's reports [17][18][19].
Harvest Gold Announces Annual General Meeting Results
Thenewswire· 2025-06-13 10:30
Company Overview - Harvest Gold Corporation is focused on exploring near surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions [2] - The board of directors, management team, and technical advisors have a collective geological and financing experience exceeding 400 years [2] AGM Results - The annual general meeting (AGM) held on June 12, 2025, resulted in all resolutions being approved with over 99% of votes cast in favor [1] - A total of 21,129,144 common shares were voted, representing 23.97% of the issued and outstanding common shares [1] Board Appointments - Len Brownlie was appointed as Chair of the board, with Edward Zablotny and Patrick Donnelly appointed to the Audit Committee, and Patrick Donnelly and Edward Zablotny to the Compensation Committee [2] - The number of Directors was set at five, with Richard Mark, Christopher P. Cherry, Edward Zablotny, Patrick Donnelly, and Len Brownlie elected as directors [6] Project Details - Harvest Gold has three active gold projects in the Urban Barry area, totaling 377 claims covering 20,016.87 hectares, located approximately 45-70 km west of the Gold Fields - Windfall Deposit [3] - The three properties, Mosseau, Urban-Barry, and LaBelle, cover over 50 km of favorable strike along mineralized shear zones [4] Auditor Re-appointment - Dale Matheson Carr-Hilton Labonte LLP was re-appointed as the auditor of the Company [6] Stock Options Plan - The Company's 10% Rolling Stock Options Plan was re-approved during the AGM [6]
Vanguard Mining Initiates Site Visit and Core Review for NI 43-101 Report on Yuty Prometeo Uranium Project Adjacent to UEC's 8.96M lbs Resource
Thenewswire· 2025-06-12 13:20
Core Viewpoint - Vanguard Mining Corp. is advancing its uranium exploration portfolio with the acquisition of the Yuty Prometeo Project in Paraguay, which is strategically located adjacent to UEC's Yuty Project that has a defined uranium resource of 8.96 million pounds [3][4]. Company Overview - Vanguard Mining Corp. is a Canadian mineral exploration company focused on high-value strategic minerals, particularly uranium, and is committed to responsible exploration and value creation [23]. Project Details - The Yuty Prometeo Project consists of four concessions covering approximately 90,000 hectares (222,395 acres) in the uranium-rich Paraná Basin of southeastern Paraguay [9]. - The Prometeo Concession spans about 27,666 hectares (68,368 acres) and has historical uranium values ranging from 0.05% to 0.10% U₃O₈ based on previous exploration [10]. - The San Jose Concessions cover approximately 62,210 hectares (153,754 acres) and have shown significant uranium anomalies through radiometric surveys [12]. Technical Report and Exploration - The company is preparing an initial NI 43-101 Technical Report, which will include data compilation, field inspections, and a review of previous exploration work [2][4]. - Ariel Testi, the senior geologist, brings 22 years of experience in the mining industry and has previously contributed to significant uranium discoveries [5][7]. Strategic Importance - The acquisition of the Yuty Prometeo Project is seen as a significant strategic advancement for Vanguard, providing compelling exploration upside within a proven uranium district [4]. - The project is positioned within a geopolitically stable and investor-friendly environment in Paraguay, which is recognized for its untapped mineral potential [22].
Noble Mineral highlights Mann West Nickel Sulphide Initial Resource as announced by Canada Nickel
Thenewswire· 2025-06-11 14:15
Core Insights - Noble Mineral Exploration Inc. announced the initial mineral resource estimate for the Mann West Nickel Sulphide Project, a joint venture with Canada Nickel Company, located in the Timmins area of Northern Ontario [1][2][4] Company Overview - Noble holds a 20% interest in East Timmins Nickel Ltd., which owns the Mann West project, while Canada Nickel holds the remaining 80% [2][3] - Noble Mineral Exploration has extensive mineral rights in Northern Ontario and other regions, focusing on nickel, cobalt, and base metals [29][30] Project Details - The Mann West project is located 21 kilometers east of Canada Nickel's Crawford Nickel Sulphide Project and has a geophysical target area of 3.4 square kilometers, more than double that of Crawford [3][4] - The initial mineral resource estimate includes 406 million tonnes of indicated resources grading 0.23% nickel and 599 million tonnes of inferred resources grading 0.22% nickel, totaling 0.95 million tonnes and 1.31 million tonnes of contained nickel, respectively [5][8] - An exploration target of an additional 0.5 to 1.0 billion tonnes grading between 0.20% and 0.22% nickel is anticipated, pending further drilling [5][8] Resource Estimates - The Mann West project has a significant PGM zone with indicated resources of 7.0 million tonnes grading 0.422 g/t palladium and platinum, and inferred resources of 7.7 million tonnes grading 0.411 g/t [5][8] - The resource dimensions are approximately 1.9 kilometers long, 800 meters wide, and extend to 500 meters deep, remaining open to the northwest and at depth [5][8] Future Plans - Canada Nickel plans to announce additional mineral resources, with expectations for eight new resources by the end of 2025, including two more this month [4][8] - Noble aims to increase and upgrade inferred resources through ongoing drilling campaigns and mineralogical analysis [28]
Lexaria's DehydraTECH-Liraglutide Human GLP-1 Clinical Study Supports Pathway to Potential FDA Registration as an Orally-Delivered Capsule
Thenewswire· 2025-06-11 13:05
Core Insights - Lexaria Bioscience Corp. has successfully completed a human study comparing oral DehydraTECH-liraglutide to injected Saxenda®-branded liraglutide, with partial results now available [1][8] - The study demonstrated a 22.7% reduction in adverse events (AEs) for oral DehydraTECH-liraglutide compared to Saxenda®, with significant reductions in nausea (67%) and gastrointestinal AEs (31%) [3][4] - Lexaria is seeking a pharmaceutical partner to develop an FDA-registered oral alternative to current injectable GLP-1 drugs, addressing an unmet market need [2][10] Study Details - The study involved 10 overweight volunteers, comparing daily doses of Saxenda® (0.6 mg) and DehydraTECH-liraglutide (45 mg) over a 7-day period [13] - The primary endpoint was the evaluation of safety and tolerability, with secondary objectives including pharmacokinetics and effects on body weight, blood glucose, and insulin levels [16] - Weight loss was observed in 9 out of 10 participants in both study arms, although it was not the primary goal of the study [5] Technology and Market Context - DehydraTECH is a patented drug delivery technology that enhances bio-absorption and reduces side effects, with 48 patents granted and more pending [17] - The study's results suggest that DehydraTECH-liraglutide could provide a viable oral alternative to Saxenda® and other injectable liraglutide products, which generated significant revenue for Novo Nordisk [12] - Lexaria's approach may allow for an expedited FDA regulatory pathway under the 505(b)(2) application, contingent on demonstrating comparable performance to existing injectable versions [6][10]
Herbal Dispatch Adjournment Of 2024 & 2025 Annual General And Special Shareholder Meeting
Thenewswire· 2025-06-10 22:35
Core Points - Herbal Dispatch Inc. has adjourned its 2024 and 2025 Annual General and Special Shareholder Meeting originally scheduled for June 10, 2025, to June 17, 2025 [1] - The adjourned meeting will be held virtually via Zoom and physically at a specified location in Vancouver, B.C. [1] - The company was unable to meet its proxy requirements for the former meeting, necessitating the adjournment [2] - All proxies submitted for the former meeting will remain valid for the adjourned meeting unless revoked or amended [3] Company Overview - Herbal Dispatch Inc. operates leading cannabis e-commerce platforms and aims to provide high-quality cannabis products at affordable prices [6] - The company's flagship marketplace, herbaldispatch.com, offers exclusive access to small-batch craft cannabis flower and various other product formats [6] - Herbal Dispatch's common shares are traded on the Canadian Securities Exchange under the symbol "HERB" [6]
Quantum's NMX East Heats Up: PGE Potential Emerges Next to Rapidly Expanding Polymetallic District
Thenewswire· 2025-06-10 13:00
Core Insights - Quantum Critical Metals Corp. is exploring a poly-metallic play at its NMX East project in Quebec, which includes gallium, rubidium, and cesium [1][2] - The company has discovered significant mineralization, including 107.69 meters of 38.85 gpt gallium, 701 gpt rubidium, 24.98 gpt cesium, and 3.61 gpt thallium from surface drilling [2] - Quantum is investigating the Bande du Lac des Montagnes rock formation, known for hosting platinum group elements, which could enhance the project's mineral potential [2][4] Project Developments - The NMX East project is strategically located near the NISK shear zone and is less than 100 meters from the Bande du Lac des Montagnes outcrop [4] - Power Metallic Mines Ltd. has expanded its project area by over 300% by acquiring 167 km² from Li-FT Power, which includes claims adjacent to Quantum's NMX East property [5] - CEO Marcy Kiesman highlighted that this adjacency to a rapidly expanding polymetallic district enhances the strategic value of the NMX East project [5] Future Plans - The company plans to conduct field reconnaissance to assess the presence of Bande du Lac des Montagnes outcrops on the NMX East property [7] - Quantum intends to collaborate with geophysics companies to explore the potential for PGE mineralization beneath the surface [7] Company Overview - Quantum Critical Metals Corp. focuses on advancing critical metals projects, including the NMX East Gallium-Rubidium-Cesium Project and several other projects in British Columbia [9] - The company is positioned to support the transition to a secure and sustainable critical minerals supply in the West [9]
Fitzroy Minerals Drilling Update: 110 m @ 1.94% Cu, Including 58 m @ 3.06% Cu at the Buen Retiro Copper Project, Chile
Thenewswire· 2025-06-09 14:20
Core Viewpoint - Fitzroy Minerals Inc. has reported significant drilling results from the Buen Retiro Copper Project, indicating a large-scale and high-grade copper mineralization system, particularly highlighted by drill hole BRT-DDH022 which returned 110 m @ 1.94% Cu [1][2][5]. Exploration and Drilling Results - The ongoing drilling program at Buen Retiro has confirmed the presence of high-grade copper mineralization, with BRT-DDH022 intersecting 110 m @ 1.94% Cu and 416 ppm Co, including 58 m @ 3.06% Cu from 97 m [5][8]. - Historical drill holes in the Southwest Area have shown a trend with several hundred meters of strike length, returning intersections with grades over 1% copper [2][15]. - The project covers an area of 13,240 hectares and is strategically located near significant infrastructure, facilitating rapid development [3][30]. Future Exploration Plans - The company plans to drill at least 8,000 m in 2025, focusing on the Southwest and North areas, with potential use of a Reverse Circulation (RC) drill rig to accelerate exploration [7][23]. - Exploration efforts will target near-surface copper mineralization within a 1 km-wide by 4 km-long corridor, with ongoing assessments of deeper mineralization potential [3][23]. Geological Insights - The geology of BRT-DDH022 is characterized by typical Iron-Oxide Copper Gold (IOCG) style, with significant hydrothermal alteration and the presence of high-grade copper minerals [10][15]. - The mineralization in the Southwest Area is interpreted to be associated with a sub-vertical structure, enhancing the depth potential for copper [15][16]. Assay Results and Quality Control - Assay results from the ongoing drilling have shown promising intersections, with the best results from BRT-DDH022 indicating a maximum of 12.86% Cu over a 1.0 m sample [10][8]. - The company employs rigorous QA/QC procedures, including the use of certified standards and blanks to ensure the accuracy of laboratory analyses [24][26].