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Wedgemount Resources Shareholder Update
Thenewswire· 2026-02-06 00:10
Core Viewpoint - Wedgemount Resources Corp. is addressing operational challenges and financial performance issues from 2025, with a focus on re-establishing growth momentum and improving efficiency in 2026 [2] Operations Update - The company faced significant production disruptions in Q3 and Q4 of 2025 due to third-party gas pipeline shutdowns and local brush fires, leading to curtailments in production and compliance work with the Texas Railroad Commission (RRC) [2] - Completion of RRC compliance work is expected in the coming weeks, allowing for the restart of production, with an anticipated 39 wells in operation by mid-February 2026 [2] Funding - To strengthen its financial position, the company secured a $250,000 USD bridge loan with an exit fee of $250,000 USD, aimed at supporting operations while seeking longer-term financing options [3] Macro Environment - Despite low commodity prices in 2025, activity in Wedgemount's core area is increasing, with larger companies exploring outside traditional shale areas, presenting opportunities for growth through advanced drilling techniques [4] Company Overview - Wedgemount Resources is a junior natural resource company focused on maximizing shareholder value through the acquisition, development, and exploitation of energy projects in the southern USA [5]
Aether Global Innovations Announces Canadian Agency Agreement With Uavionics
Thenewswire· 2026-02-06 00:00
Core Viewpoint - Aether Global Innovations Corp. has entered into a Canadian agency agreement with UAVionics Technologies, enhancing its role in the UAV market and expanding its product offerings in Canada and potentially internationally [1][2]. Group 1: Agreement Details - The agreement, effective February 3, 2026, appoints Aether as the representative for the distribution, marketing, and promotion of UAVionics' UAV platforms and related services in Canada [1][2]. - Aether will initially operate on a non-exclusive basis for six months, with the potential for exclusivity based on performance criteria after this period [3]. - The agreement has a one-year term, renewable for up to five additional one-year periods by mutual consent [3]. Group 2: Responsibilities and Commissions - Aether will earn commissions on sales from leads it introduces, with the commission structure based on pricing and gross margin parameters set by UAVionics [4]. - UAVionics retains responsibility for manufacturing, product warranties, and fulfillment, while Aether focuses on business development and customer engagement in various markets [4]. Group 3: Strategic Importance - The agreement positions Aether as a trusted partner for advanced UAV platforms, aligning UAVionics' ISR systems with Canadian defense and security needs [5]. - Aether aims to build demand for UAVionics' products in Canada and support select international opportunities where approved [5]. Group 4: Company Profiles - Aether Global Innovations Corp. specializes in UAV and counter-UAV services, focusing on integrating technologies to meet customer specifications [6]. - UAVionics is a UAV technology company that designs and manufactures ISR platforms for defense, security, and commercial applications [7].
Euromax Announces Closing of Issuance of Common Shares to Galena in Connection with Repayment of Debt
Thenewswire· 2026-02-05 22:05
Core Viewpoint - Euromax Resources Ltd. has completed the issuance of 34,965,342 common shares to Galena Resource Equities Limited as part of a debt settlement agreement, repaying US$804,000 in outstanding debt [1][3]. Group 1: Transaction Details - The common shares were issued at a deemed offering price of C$0.0325 per share, totaling C$1,136,373.60 [1]. - The transaction is subject to a hold period of four months and one day, expiring on June 6, 2026, in accordance with TSX Venture Exchange policies [2]. - The transaction does not materially affect control of the company, with Galena being a related party [3]. Group 2: Ownership Changes - Prior to the transaction, Galena owned 520,589,314 common shares, representing approximately 56.38% ownership [5]. - After the transaction, Galena's ownership increased to 555,554,656 common shares, representing 57.97% ownership, an increase of 1.59% [6]. Group 3: Regulatory Compliance - The company will file a material change report regarding the transaction within the prescribed timeline [4]. - The transaction was conditional on receiving approval from the TSXV, which delayed the issuance of a material change report [4].
Helix Biopharma Corp. Extends LEUMUNA Option with metaShape Pharma for Adipose Tissue-Related and Metabolic Diseases
Thenewswire· 2026-02-05 21:30
Core Viewpoint - Helix BioPharma Corp. has extended its Research and Exclusive Option Agreement with metaShape Pharma AG for the compound LEUMUNA™ until December 31, 2028, allowing further research and development in metabolic diseases while maintaining a focus on oncology assets [1][4]. Group 1: Agreement Details - The original agreement was established in April 2023 between metaShape and Laevoroc Immunology AG, granting metaShape an exclusive research license and an option for a commercial license for LEUMUNA™ [2]. - The extension of the agreement provides additional time to advance research activities and supports the progression of the program toward clinical-stage development [4]. Group 2: Compound Development - MS 001, the compound under development, is designed as an orally administered co-therapy to GLP-1 receptor agonists, aimed at enhancing adipose tissue reduction and weight loss durability [2]. - Preclinical studies indicated that MS 001 increased levels of inosine and NAD+, which improved mitochondrial function and energy expenditure in adipose tissue, leading to better weight loss outcomes in mice [3]. Group 3: Company Perspectives - The CEO of metaShape expressed excitement about the progress of MS 001 and the developments in the program [5]. - Helix's CEO highlighted the quality of preclinical data around MS 001, particularly its effects on NAD+ biology and fat metabolism, indicating potential benefits across various disease settings [5]. Group 4: Company Backgrounds - MetaShape Pharma, founded in 2023, focuses on developing first-in-class metabolic therapies to address metabolic dysfunction [6]. - Helix BioPharma specializes in oncology, with a pipeline that includes Tumor Defense Breaker™ L-DOS47 and two pre-IND candidates: LEUMUNA™ and GEMCEDA™, aimed at treating hard-to-treat cancers [7].
Mammoth Announces Gold Recoveries Of 87% From Bottle Roll Tests On Coarser-Fraction Material From The Large Carneritos Area On Its Tenoriba Gold-Silver Property, Mexico
Thenewswire· 2026-02-05 18:30
Core Insights - Mammoth Resources Corp. announced positive results from bottle roll tests on oxidized gold-silver mineralized material from the Tenoriba project in Mexico, indicating high recoveries of gold and silver [1][2][3] Gold and Silver Recovery - The bottle roll test on coarser fraction material yielded gold recoveries of 87% and silver recoveries of 67%, which are favorable compared to previous tests that showed gold recoveries between 75% and 90% and silver recoveries around 65% [2][6] - Most of the gold and silver were leached within the first 12 hours of a 96-hour test, suggesting efficient extraction potential [2][6] Project Potential - The Carneritos area, measuring approximately 1,500 by 500 meters, shows promising potential for low-cost precious metal production due to high recoveries in the oxidized, near-surface mineralization [3][4] - The average assayed grade of the material tested was approximately 0.65 grams per tonne gold equivalent, indicating a viable resource for future extraction [4][7] Future Activities - The company is advancing several activities, including confirming higher-grade material locations for potential extraction, conducting column tests on coarser material, and seeking updated quotes for drilling to define a maiden mineral resource [4][11] - Additional metallurgical testing is planned for coarser-grained oxidized and mixed oxidized-sulfide zone material to enhance recovery confidence and optimize reagent consumption [7][9] Quality Control and Testing - All tests were conducted at SGS Laboratory in Durango, Mexico, under the supervision of qualified personnel, ensuring the reliability of the results [5][12] - The testing methodology included quality control measures and sample preparation from drill core rejects, which were previously assayed [12][13]
Unlocking the Future of Critical Minerals: Windfall Geotek's AI Pinpoints REE Strange Lake Digital Signature and Secures 89 High-Priority Claims in Labrador"
Thenewswire· 2026-02-05 14:30
Core Viewpoint - Windfall Geotek Inc. has successfully modeled and extracted the geophysical and geochemical "digital signature" for the Strange Lake Rare Earth Element (REE) Deposit, showcasing the effectiveness of its AI technology in mineral exploration [1][2]. Technical Summary & Methodology - The project utilized a proprietary AI platform to analyze public datasets and fingerprint the REE Strange Lake deposit, located on the border of Québec and Newfoundland and Labrador [2]. - The AI system integrated multi-dimensional datasets, including high-resolution magnetics, topography data, drillholes, and geochemistry of surficial rock samples [5]. - A high-fidelity Digital Discovery Pattern was established by isolating geological descriptors of the Strange Lake REE mineralization, which was then used to identify high-probability anomalies across the regional land package [5]. Data Analysis and Target Generation - Windfall's AI System evaluated over 2,519 historical REE assays and analyzed 5,473,252 cells measuring 50m x 50m, significantly reducing exploration time and costs compared to traditional methods [7]. - In December 2025, the AI identified five high-priority REE target zones within a 13,682 km² area, demonstrating the system's efficiency [6]. Management Commentary - The President and CEO of Windfall Geotek highlighted the strategic breakthrough of their Hybrid AI-Services model, emphasizing the reduction of the search zone by 99% to isolate the digital signature of the Strange Lake deposit [8]. - The company is focused on transforming raw data into high-value assets and is preparing to validate the identified targets [8]. Company Overview - Windfall Geotek has been a leader in AI-driven mineral exploration since 2005, utilizing a multidisciplinary team to turn complex geoscience data into high-potential discoveries [10].
Andina Copper Intersects 352 m @ 0.68% Cu, 112 ppm Mo from 144 m, incl. 118 m @ 1.17% Cu, 193 ppm Mo from 246 m
Thenewswire· 2026-02-05 14:15
Core Insights - Andina Copper Corporation has reported significant assay results from its first diamond drill hole CDH003 at the Cobrasco copper-molybdenum project in Colombia, indicating a globally significant Cu-Mo porphyry system with potential for large tonnages of high-grade mineralization [2][3]. Exploration Progress - The company has completed three diamond drill holes totaling 2609 meters since starting field exploration in October 2025, with a fourth hole currently in progress [1][3]. - CDH003 intersected significant copper mineralization from surface to a final depth of 774.8 meters, with high-grade intersections including 352 meters at 0.68% Cu and 112 ppm Mo from 144 meters [2][4]. - Ongoing drilling is expected to expand the mineralization footprint both northward and southward along a well-defined structural corridor [2][3]. Upcoming Developments - Results from drill holes CDH004 and CDH005 are anticipated shortly, with CDH004 drilled to a depth of 900 meters and CDH005 to 934 meters [3][4]. - Surface reconnaissance has confirmed outcrops of early-stage A-type stockwork veining and limonites over 1 kilometer from the current drilling area, indicating further exploration potential [3][4]. Geological Insights - The geology of CDH003 reveals multiple hydrothermal events associated with the emplacement of intermediate to felsic porphyry intrusions, which are conducive to high-grade copper mineralization [9][16]. - Chalcopyrite and bornite have been identified in various forms, suggesting a complex mineralization process within the Cobrasco system [17][16]. Corporate Outlook - The company is in a catalyst-rich period with strong exploration-driven news flow expected across its projects, enhancing shareholder value [3][24]. - Andina Copper is focused on expanding its presence in the Andean porphyry belt, which is known for significant copper production [24].
Angkor Resources Celebrates Indigenous Community Land Titles and Advances Social Programs, Cambodia
Thenewswire· 2026-02-05 14:00
Core Viewpoint - Angkor Resources Corp. has successfully facilitated the formal granting of nine Indigenous community land titles in Ratanakiri Province, Cambodia, marking a significant milestone in recognizing Indigenous rights and reinforcing the company's commitment to collaborative engagement with local communities [1][2][4]. Indigenous Land Titles - The recognition of the nine community land titles follows a three-year process and is crucial for the Indigenous peoples of Ratanakiri, where approximately 45% of Cambodia's Indigenous population resides [1][2]. - Angkor's Andong Meas mineral exploration license is located within the traditional lands of these Indigenous communities, emphasizing the company's commitment to working collaboratively with them [2][4]. Social Programs and Community Engagement - Angkor is advancing various social programs aimed at improving safety, health, and education outcomes for families in Cambodia, in addition to supporting Indigenous land rights [6][11]. - Current social initiatives include: - English language training for children to enhance future education and employment opportunities [9]. - Installation of water filtration systems and latrines to improve access to clean water and sanitation [9]. - Moto vehicle safety training to reduce motorcycle-related injuries and fatalities [9]. - Financial fraud awareness training to educate community members on identifying and avoiding scams [9][10]. Company Overview - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia [11]. - The company holds two mineral exploration licenses with prospects in copper and gold, currently in their first two-year renewal term [12]. - Angkor's energy subsidiary, EnerCam Resources, has been granted an onshore oil and gas license covering 4,095 square kilometers in Block VIII, with plans to advance oil and gas exploration activities [13].
Cameo to Drill 10-15 High Priority Gold Targets at Katoro, Undertake Private Placement
Thenewswire· 2026-02-05 13:30
Core Viewpoint - Cameo Resources Inc. has initiated its first drilling campaign on the Katoro Gold Property in Tanzania, marking a significant step in its exploration efforts [1][3]. Company Overview - Cameo Resources Inc. is a mineral exploration company focused on discovering and developing valuable mineral deposits, with its Katoro property covering 19.58 square kilometers in the Lake Victoria Goldfield [12]. Drilling Campaign Details - The company has signed a Drilling Services Agreement with HETAMIS Mineral Services Ltd. to conduct the drilling campaign [2]. - The drilling will evaluate 80 targets identified from recent geophysical exploration, with the first phase involving 10-15 drill holes targeting magnetic anomalies [3][4]. - The first phase is set to commence in early February 2026, focusing on areas with high prospectivity for gold mineralization [3][4]. Technical Insights - The Technical Report indicates a strong potential for gold mineralization at the Katoro property, with similarities noted to nearby gold mines [4]. - Drill targets will focus on magnetic anomalies and intersections of geological structures that may indicate mineralized zones [4]. Financial Activities - The company is undertaking a non-brokered private placement of up to $3,000,000, consisting of 10,000,000 units priced at $0.30 each [5]. - Proceeds from the placement will be allocated for exploration expenses and general working capital [7]. Option Grant - The company has granted 2,000,000 stock options to directors, officers, and consultants, exercisable at $0.30 for two years [8].
Spartan Metal's New Land Package includes Past Producing Yellow Jacket Tungsten Mine
Thenewswire· 2026-02-05 13:00
Core Insights - Spartan Metals Corp. has expanded its land holdings by acquiring the past-producing Yellow Jacket Tungsten Mine, enhancing its Eagle Project in eastern Nevada [1][2] - The acquisition allows for exploration of both the vein system at Tungstonia and skarn-type mineralization at Yellow Jacket, indicating a significant tungsten endowment in the district [2][3] Company Developments - The Yellow Jacket Tungsten Mine historically produced material averaging 1.12% WO3 from 1943 to 1944, with two known mineralized zones [3] - Planned activities for 2026 include additional soil sampling, geophysics over the entire Tungstonia Claim block, and diamond core drilling of high-potential targets [4] Project Overview - The Eagle Project is approximately 36.5 km² and located 120 kilometers northeast of Ely, Nevada, covering 9,033 acres with 445 Bureau of Land Management unpatented lode mining claims [10] - The project includes three deposit types: Porphyry, Skarn, and Carbonate Replacement, containing significant grades of Tungsten, Silver, and Rubidium [11] Historical Context - The Eagle Project consists of past-producing high-grade tungsten mines, with operations occurring from 1915 to 1942 and intermittent production until 1956, totaling 8,379 units at grades between 0.6%-0.9% WO3 [8][10]