Thenewswire
Search documents
Lincoln Gold Proposed Debt Settlement
Thenewswire· 2025-08-05 21:30
Core Viewpoint - Lincoln Gold Mining Inc. intends to settle up to CDN $903,379.22 in debt through the issuance of up to 5,493,205 units at a price of $0.165 per unit, subject to regulatory approval [1][4]. Debt Settlement Details - Each unit will consist of one common share and one common share purchase warrant, with the warrant exercisable at $0.35 per share for 12 months [1]. - The debt settlement is subject to a four-month hold period from the issue date [2]. Related Party Transaction - Mr. Dong Shim, a director of the company, is considered a "related party" and the issuance of units to his firm is classified as a "related party transaction" but is exempt from formal valuation and minority shareholder requirements [3]. - The board of directors approved the debt settlement unanimously, with Mr. Shim abstaining from the vote due to his interest [4]. Company Overview - Lincoln Gold Mining Inc. is a Canadian precious metals exploration and development company based in Vancouver, BC, focusing on becoming a mid-tier gold producer [5]. - The company holds interests in the Bell Mountain gold-silver property and the Pine Grove gold property, located within the Walker Lane mineral belt [5].
Kevin Bullock, CEO of NexGold Lays Out his Master Plan for Two Near-Term Gold Projects in Canada
Thenewswire· 2025-08-05 17:05
Core Viewpoint - NexGold Mining has reported promising drill results from its Goldboro Open Pit Gold Project, indicating the presence of high-grade gold zones near the surface, which could enhance the overall grade of the mine and reduce operational costs [1][2][3]. Group 1: Drill Results and Mineralization - The recent 26,854-metre diamond drill program at Goldboro has shown high-grade mineralization, with notable intersections such as 40 grams per tonne gold over 17.7 metres [3]. - The mineralization is described as being present at open pit depths, with all intersected zones projecting to the surface, suggesting a favorable geological structure [3]. Group 2: Project Development and Strategy - NexGold is advancing two major gold projects in Canada, each with approximately 3 million ounces of resources, and plans to choose one for development by the end of the year [5][6]. - The Goliath Gold Complex includes both open-pit and underground mining operations, with a projected after-tax NPV of $336 million and an IRR of 25.4% [7]. Group 3: Economic Impact and Regulatory Environment - The Goldboro Gold Project is expected to create over 700 jobs and contribute $2.1 billion to Nova Scotia's economy over its lifetime [10]. - Recent regulatory changes in Canada have facilitated a faster permitting process for mining projects, which is beneficial for NexGold's operations [9][12]. Group 4: Future Production Potential - The company aims to leverage the first mine's success to finance subsequent projects, with a potential increase in production from 100,000 ounces to over 250,000 ounces annually [12].
Uniserve Initiates Strategic Data Centre Expansion
Thenewswire· 2025-08-05 15:35
Group 1 - Uniserve Communications Corporation has signed a 16-month contract with a data centre consultant to explore the feasibility of building a 2MW data facility in Vancouver [1] - This initiative aims to enhance Uniserve's ability to service its existing customer base and tap into the growing AI market [1] - The contract reflects the company's commitment to investing in its platform and delivering critical infrastructure solutions for Canadian businesses [2] Group 2 - Uniserve provides a full suite of IT solutions across three core verticals: Data Centre Solutions, Managed IT Services, and Business Internet [2] - The company emphasizes secure, reliable, and customized IT solutions that ensure maximum uptime, security, and scalability for its clients [2]
Ecolomondo Receives Third and Fourth Repeat Purchase Orders for its Recovered Carbon Black
Thenewswire· 2025-08-05 13:45
Core Viewpoint - Ecolomondo Corporation has received multiple purchase orders for its recovered carbon black (rCB), indicating strong demand and validation of product quality from its Hawkesbury TDP facility [1][2][3] Group 1: Purchase Orders and Production - The main offtake customer issued a repeat order for a second commercial truckload of 23 metric tons of rCB, followed by additional orders of 24 metric tons each for the third and fourth shipments [2] - The third purchase order has been shipped, while the fourth is in production and expected to ship by August 8, 2025 [2] - The Hawkesbury TDP facility is projected to process approximately 1 million scrap tires annually, producing around 4,000 metric tons of rCB, 5,000 metric tons of pyrolysis oil, 2,000 metric tons of steel, and 1,200 metric tons of process gas [9][14] Group 2: Quality and Efficiency - The repeat orders from the main rCB offtake customer validate the quality of rCB produced at the Hawkesbury facility, suggesting integration into the customer's regular production [3] - The company is focusing on improving process efficiencies while maintaining high-quality standards for its end products [4] - Quality approval for rCB from another major U.S. offtake customer is anticipated soon [5] Group 3: Company Strategy and Future Outlook - Ecolomondo aims to be a leading player in the cleantech space, contributing to the global circular economy through its proprietary Thermal Decomposition technology [12][16] - The company plans to expand aggressively in North America and Europe, leveraging its modular technology for faster and better deployment of TDP facilities [17] - The Shamrock facility is projected to process 5 million end-of-life tires per year, significantly increasing production capacity compared to the Hawkesbury facility [15] Group 4: Environmental Impact - The TDP process is expected to reduce greenhouse gas emissions by 90% compared to the production of virgin carbon black, with annual CO2 reductions of 15,000 tons from the Hawkesbury facility and 45,000 tons from the Shamrock facility [23]
Ocumetics Begins Patient Recruitment for First-In-Human Clinical Study of Accommodating Intraocular Lens
Thenewswire· 2025-08-05 13:00
Core Insights - Ocumetics Technology Corp. has initiated patient recruitment for its first-in-human study of the Ocumetics accommodating intraocular lens, with recruitment expected to be completed in approximately 7 days [1][2]. Company Overview - Ocumetics Technology Corp. is a Canadian research and product development company focused on advanced vision correction solutions aimed at enhancing patients' quality of life [4]. - The company is dedicated to transforming the field of ophthalmology through innovative research and development of intraocular lenses and other vision-enhancing technologies [4]. Product Development - The Ocumetics Lens is designed to change its power in response to the brain's attempts to visualize items at varying distances, unlike traditional monofocal and multifocal intraocular lenses [2]. - The lens aims to provide clear vision at all distances without the need for glasses or contact lenses, potentially eliminating the need for corrective lenses altogether [5]. Clinical Study Details - The first-in-human clinical study will primarily assess the safety of the Ocumetics Lens and secondarily evaluate surgical technique, distance acuity, and any accommodative effects [2]. - Implantations will commence after the completion of patient recruitment, final site inspection, and surgeon training [3]. - Results from this clinical study will be crucial for obtaining regulatory approval for larger future studies and for bringing the Ocumetics Lens to market [3].
Visionstate Accelerates Growth with Surge in WandaLITE Subscriptions Driven by Bill 190 Compliance
Thenewswire· 2025-08-05 12:55
Core Insights - Visionstate Corp. is experiencing increased adoption of its WandaLITE technology due to Ontario's Bill 190, which requires digital cleaning and inspection logs in public washrooms starting January 1, 2026 [1][4] - The company has secured 21 subscriptions for the WandaLITE platform since its launch in late spring, with new clients including major post-secondary institutions and hospitals in Ontario [2][4] - An additional 42 customers are in the sales pipeline, indicating strong market traction and a proactive approach to onboarding clients ahead of the legislation's deadline [3][4] Company Strategy - Visionstate is focusing on onboarding clients before the December 31, 2025 deadline, delaying invoicing until the law becomes enforceable on January 1, 2026, to reduce adoption friction [4][11] - The company aims to transition facilities from outdated paper logs to modern digital systems, enhancing public health and safety [11] Product Details - WandaLITE is a cloud-based solution designed to meet Bill 190 requirements, offering rapid onboarding and QR-code-based check-ins, while the flagship Wanda platform provides real-time tracking and analytics [6][7] - The annual base subscription fee for WandaLITE is $960, with the company earning approximately 80% gross margin on software sales [9] Market Dynamics - The summer months typically see slower customer acquisition; however, the recent surge in subscriptions reflects a growing urgency among organizations to comply with new legislative standards [5] - The swift acquisition of clients and active prospects suggests a strong demand for digital solutions in the cleaning and inspection sector [4][5]
Hybrid Power Solutions Brings Clean Energy to School Backup Systems
Thenewswire· 2025-08-05 12:31
Core Viewpoint - Hybrid Power Solutions Inc. has successfully secured a tender for the sale of a Batt Pack Energy unit, which will serve as a battery backup system for emergency lighting in a school facility, highlighting the company's growing presence in institutional and critical infrastructure applications [1][2]. Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator listed on the Canadian Securities Exchange under the symbol "HPSS," specializing in developing portable power systems that eliminate the need for fossil fuels in off-grid and remote applications [3]. Product Features - The Batt Pack Energy unit is designed to provide uninterrupted lighting during power outages, ensuring safety for students and staff [2]. - Key features of the Batt Pack Energy include silent operation with no fumes or fuel required, safe usage indoors and outdoors, installer-friendly design for easy integration, and the ability to recharge from wall power or solar panels [6]. Leadership Statement - The CEO of Hybrid Power Solutions, Francois Byrne, emphasized that being specified into the tender reflects the strength of the company's technology and the trust being built with contractors and integrators across various sectors [3].
Norsemont Announces Non-Brokered Private Placement
Thenewswire· 2025-08-02 01:15
Core Viewpoint - Norsemont Mining Inc. is initiating a non-brokered private placement to raise up to CAD $3,500,000 for advancing its Choquelimpie Gold-Silver-Copper project in Northern Chile [1][3] Group 1: Private Placement Details - The company plans to issue up to seven million units at a price of CAD $0.60 (USD $0.44) per unit, with each unit consisting of one common share and one-half of one warrant [1] - The warrants will allow holders to purchase one common share at CAD $0.75 (USD $0.55) for two years from the closing date [1] - The first tranche of CAD $2,000,000 is expected to close on August 11, 2025, pending a five-day notice period [1] Group 2: Use of Proceeds - Proceeds from the offering will be allocated to phase 3 drill programs, including deep drilling into copper porphyry zones and high-grade gold zones, as well as general working capital [3] Group 3: Investor Relations and Marketing - The company has engaged Danayi Capital Corp. for investor relations and digital marketing services for a fee of USD $50,000 for one month, with a potential six-month extension [5][6] - Additionally, a marketing services agreement has been established with Altura Media Co Inc. for CAD $20,000 per month, starting August 15, 2025, with options for extension [7] Group 4: Project Overview - Norsemont Mining owns a 100% interest in the Choquelimpie project, which has an initial mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces [10] - The project includes over 1,700 drill holes and significant existing infrastructure, such as roads, power, water, and a 3,000-tonne-per-day mill [10]
Metasphere Labs Announces Details of Share Consolidation
Thenewswire· 2025-08-01 22:25
Core Viewpoint - Metasphere Labs Inc. is proceeding with a share consolidation, converting every four old common shares into one new common share, effective August 8, 2025, following shareholder approval on July 21, 2025 [1][2]. Group 1: Share Consolidation Details - The total number of issued and outstanding common shares will be reduced to approximately 10,721,664 as a result of the consolidation [2]. - No fractional shares will be issued; any fractions will be rounded down to the nearest whole number, and no cash will be paid for fractional shares [2]. - The exercise or conversion price and the number of common shares under any outstanding convertible securities will be proportionately adjusted [2]. Group 2: Strategic Implications - The company believes that the share consolidation will enhance its attractiveness for financing opportunities and facilitate the restructuring and settlement of existing liabilities [4]. - Completion of the share consolidation is subject to appropriate regulatory filings with the Canadian Securities Exchange (CSE) [4]. Group 3: Company Overview - Metasphere Labs Inc. specializes in integrating blockchain technology into real-world applications, focusing on environmental sustainability and social impact [4].
Vanguard Mining Announces Closing of Private Placement of Units
Thenewswire· 2025-08-01 22:00
Core Viewpoint - Vanguard Mining Corp. has successfully closed a non-brokered private placement of units, raising gross proceeds of $1,924,444.65 for exploration and working capital purposes [1][4]. Group 1: Offering Details - The LIFE Units were priced at $0.15 each, consisting of one common share and one-half of a transferable common share purchase warrant [1]. - Each whole LIFE Warrant allows the holder to purchase an additional share at $0.22 for 18 months, with an acceleration clause if the share price exceeds $0.32 for five consecutive trading days [1]. - The offering was made under the Listed Issuer Financing Exemption, allowing sales to purchasers in all Canadian provinces except Quebec, with no hold period for the securities [2]. Group 2: Financial Aspects - The company paid a finder fee of $131,755.60 and issued 878,371 non-transferable finders' warrants, each allowing the purchase of a common share at $0.22 for 18 months [3]. - The proceeds from the offering will be allocated to exploration programs on mineral properties and general working capital [4]. Group 3: Company Overview - Vanguard Mining Corp. is focused on discovering and developing strategic minerals, particularly uranium, in the U.S. and Paraguay [6]. - The company aims to identify and develop assets critical to the global energy transition, emphasizing responsible exploration and value creation [6].