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South Atlantic Gold Announces Loan Agreement
Thenewswire· 2025-07-31 21:00
Core Points - South Atlantic Gold Inc. has entered into a loan agreement for $500,000 with a related party to provide short-term working capital and support the development of the Pedra Branca project [1][2] - The loan carries an interest rate of 8% per annum and will mature in 24 months [1] - The transaction is classified as a "Related Party Transaction" under Multilateral Instrument 61-101, and the company is relying on exemptions from formal valuation and minority shareholder approval requirements [2] Company Overview - South Atlantic Gold Inc. is an exploration company focused on acquiring and advancing mineral properties in the Americas [3]
Silver North Closes $370,050 Non-Brokered Private Placement
Thenewswire· 2025-07-31 20:30
Core Points - Silver North Resources Ltd. has successfully closed its non-brokered private placement, raising a total of $370,050 from the sale of 2,467,000 HD Units at a price of $0.15 per unit [2][3] - Each HD Unit consists of one common share and one-half of a common share purchase warrant, with the warrants exercisable at $0.35 per share for a period of 48 months [2][3] - The proceeds from the HD Unit Offering will be allocated for general and administrative expenses and project pipeline development [3] Flow-Through Unit Offering Update - The flow-through unit offering has been fully subscribed, raising aggregate gross proceeds of $2,100,000 from the sale of FT Units at a price of $0.21 per unit [4] - Each FT Unit will also consist of one common share and one-half of a common share purchase warrant, with similar terms as the HD Units [4] - The FT Unit Offering is expected to close in mid-August, and certain purchasers may donate or sell their FT Units to third-party investors [4] Company Overview - Silver North Resources Ltd. owns the Haldane Silver Project, Tim Silver Project, and GDR project, with plans to acquire additional silver properties in favorable jurisdictions [6] - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the United States under the symbol "TARSF" [7]
Midasco Capital Corp. Completes Acquisition of Tungsten and Critical Metals Project from Ridgeline Minerals
Thenewswire· 2025-07-31 16:00
Core Viewpoint - Midasco Capital Corp. has completed the acquisition of Spartan Exploration Nevada Corporation and has changed its name to Spartan Metals Corp, focusing on critical minerals projects in the Western United States [2][6]. Company Overview - Spartan Metals Corp. is now a Tier 2 mining issuer on the TSX Venture Exchange, with a new ticker symbol "W" expected to begin trading on or about August 5, 2025 [6]. - The company is focused on developing critical minerals projects, particularly in tungsten, rubidium, antimony, bismuth, and arsenic [14]. Acquisition Details - Midasco acquired 100% of Spartan, which holds 244 lode mineral claims in White Pine County, Nevada, known as the Eagle Property [2][3]. - The Eagle Property is recognized for its high-grade tungsten production, with historical operations reporting 8,352 tonnes of tungsten trioxide at average grades of 0.6-1.0% from 1917 to 1956 [3][15]. - As part of the acquisition agreement, Midasco issued 5,830,466 common shares to Ridgeline, representing 19.9% of Midasco's total shares [4][8]. Financial Terms - Ridgeline will receive additional shares on the one-year anniversary of the closing, capped at 5,000,000 shares or enough to maintain a 19.9% stake [4]. - Ridgeline has been granted a 1% net smelter return royalty on the Eagle Property and any additional ground staked within a 2-mile area of interest [5]. Regulatory and Compliance - The Midasco Shares issued to Ridgeline are subject to a four-month hold period and a 12-month transfer restriction [7]. - An early warning report will be filed with Canadian securities regulators following the acquisition [10].
Angkor Resources Assists With Aid Efforts For Displaced Cambodians Due To Border Conflict
Thenewswire· 2025-07-31 12:50
Group 1 - Angkor Resources Corp. is providing aid to displaced residents affected by the recent border conflict between Thailand and Cambodia, which has caused significant hardship for tens of thousands of Khmer citizens [1][4] - The company contributed five tonnes of rice and household containers to support community members whose homes were damaged or who were evacuated due to the conflict [2][3] - The border conflict has resulted in over 260,000 people being displaced on both sides, with a ceasefire agreement reached on July 28, 2025 [4] Group 2 - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia and Canada [6] - The company is involved in carbon capture and gas conservation projects in Saskatchewan, Canada, as part of its commitment to environmental and social projects [6] - Angkor's mineral subsidiary holds three exploration licenses in Cambodia, and its energy subsidiary has an onshore oil and gas license covering 7,300 square kilometers in Block VIII, which was voluntarily reduced in size [6]
Integrated Cyber Solutions Inc. Appoints Shawn Balaghi to Advisory Board --- Strengthens Capital Markets Strategy
Thenewswire· 2025-07-31 12:45
Core Insights - Integrated Cyber Solutions Inc. has appointed Shawn Balaghi as a Capital Markets Advisor, effective July 30, 2025, to enhance its advisory board and support its growth strategy [1][2][3] Company Overview - Integrated Cyber Solutions Inc. specializes in AI-powered cybersecurity and human-layer defense solutions tailored for small and mid-sized enterprises [1][6] - The company is developing SecureGuard360™, a next-generation platform aimed at unifying threat detection, behavior-based training, and automated response [6] Appointment of Shawn Balaghi - Shawn Balaghi brings over 25 years of capital markets experience, having held executive roles in various industries, including his current position as a director at CyberCatch Holdings Inc. [2][5] - His expertise in corporate governance and strategic planning is expected to enhance Integrated Cyber's capital markets strategy and shareholder engagement [3][4] Strategic Goals - The company aims to advance its market visibility and strategic alignment through Balaghi's guidance on corporate governance and financing strategies [3][4] - Integrated Cyber is also focused on developing novel architectures to address emerging cyber threats, including those from quantum computing [7] Market Expansion - The company is expanding its operations in the Middle East, Africa, and South Asia, aiming to establish itself as a leader in behavioral cybersecurity in emerging markets [8]
Hybrid Power Solutions Welcomes Purafy as Official Distribution Partner
Thenewswire· 2025-07-31 12:31
Core Insights - Hybrid Power Solutions Inc. has partnered with Purafy Clean Technologies to provide portable power and water purification systems for critical applications in disaster recovery, military, humanitarian response, and remote infrastructure [1][3] - Purafy specializes in advanced water treatment solutions using proprietary graphene-enhanced filtration systems, enabling access to clean drinking water from various sources without the need for chemicals or complex infrastructure [2] - The partnership aims to streamline the deployment of combined systems through a growing global distributor network, addressing the demand for off-grid solutions in key sectors [3] Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator focused on developing portable power systems that eliminate the need for fossil fuels in off-grid and remote applications [4] - Purafy Clean Technologies, a division of Grafoid Inc., manufactures and distributes effective water filtration systems to combat water scarcity issues [4] Applications and Market Potential - The collaboration targets military and defense operations where silent, fuel-free systems are essential, as well as humanitarian and disaster relief missions where power and potable water are critical [5] - The companies see shared opportunities in off-grid communities where infrastructure is limited or underdeveloped, enhancing water security and access to clean energy [3][5]
QNB announces voting results from annual and special meeting of shareholders, board and officer appointments
Thenewswire· 2025-07-31 12:30
Core Points - QNB Metals Inc. announced the approval of all matters set out in the Management Information Circular during the 2025 Annual and General Meeting of Shareholders held on July 30, 2025 [1][3] - A total of 18,758,131 shares were represented at the meeting, accounting for 40.12% of the Corporation's outstanding shares [2] - The meeting resulted in the approval of a Proposed Transaction, Change of Business, share consolidation, and name change [3] Director Elections - Four director nominees proposed by management were elected with significant support, including Mario Bouchard (90.41% approval), Mario Drolet (97.98%), Michael Mansfield (97.98%), and Maxime Lemieux (90.41%) [4] - Five post-transaction director nominees, including Andre Proulx, were also elected with 97.98% approval [4] - Andre Proulx has extensive experience in the oil and mining sectors, having led the discovery of oil deposits and raised significant equity for various companies [4] Management Changes - Byron D'Silva was appointed as Chief Financial Officer of the post-transaction company [5] - Mr. D'Silva has over 25 years of experience in financial reporting, audit, and risk management, previously working at KPMG and Royal Bank of Canada [6][7] Company Overview - QNB Metals is focused on exploring natural or white hydrogen in Ontario and Quebec, utilizing patent-pending detection technology [9] - The company also holds the Kingsville Salt Reservoir Project in Nova Scotia [9] - ReSolve, a private Canadian company, is involved in developing advanced biofuel and renewable energy technologies, including natural hydrogen resource exploration [10][11]
Ares Strategic Mining Launches Gallium Recovery Program with Iowa State University and Ames National Laboratory
Thenewswire· 2025-07-31 10:45
Core Insights - Ares Strategic Mining Inc. has initiated a collaborative research program with Iowa State University and the Ames National Laboratory to explore gallium extraction from fluorspar ores sourced from its Spor Mountain project in Utah [1][2][4] - Gallium is identified as a critical mineral essential for the electronics, photonics, and clean energy industries, particularly in the production of LEDs and semiconductors, presenting a strategic opportunity for Ares to diversify its product offerings [2][4] - The research program will be conducted in two phases, utilizing an alkaline extraction process inspired by the Bayer method, traditionally used for aluminum production [3][4] Company Overview - Ares Strategic Mining Inc. focuses on developing fluorspar projects in the U.S. and aims to become a significant supplier of high-grade fluorspar to North American markets [5] - The Lost Sheep Fluorspar Project, located in Juab County, Utah, spans 5,982 acres and is fully permitted, with a mining plan approved by the Bureau of Land Management [7]
MetalQuest Mining Completes Oversubscribed Private Placement
Thenewswire· 2025-07-31 10:45
Core Viewpoint - MetalQuest Mining Inc. has successfully completed a non-brokered private placement, raising $517,296 through the issuance of 7,389,943 units, subject to final approval from the TSX Venture Exchange [1][2]. Financing Details - Each unit consists of one common share and one non-transferable share purchase warrant, allowing the holder to purchase an additional common share at $0.10 for three years [2]. - The proceeds will be allocated for exploration, development, and general working capital [2]. Insider Participation - New Age Metals Inc. will increase its ownership in MQM from approximately 6.44% to 19.05% post-conversion, becoming a new insider [2][4]. - Existing insiders and control persons purchased a total of 4,868,000 units, qualifying as a related party transaction [4]. Regulatory Compliance - All securities from the private placement are subject to a four-month hold period under Canadian Securities Laws [3]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the nature of the transaction [4]. Shareholder Control - Prior to the offering, Mr. Harry Barr controlled 8,616,438 common shares, which could increase to approximately 33.28% post-offering if stock options are exercised [5]. - After the offering, Barr's control could rise to approximately 47.27% of the company's outstanding shares, while New Age Metals could control about 19.05% [8][9]. Company Overview - MetalQuest Mining owns 100% of the Lac Otelnuk Iron Ore Project in Quebec, which is one of the largest iron ore projects in North America [12]. - The company has invested approximately $150 million in the project and is working with the Naskapi First Nation on exploration and pre-development [12]. - A comprehensive gap analysis of the historic feasibility study is being conducted to align with current market dynamics and regulatory standards [12].
Baru Gold Executives Engage in Open Forum with Sangihe Regency Government
Thenewswire· 2025-07-31 10:00
Core Viewpoint - Baru Gold Corp. is actively engaging with local government and communities in Sangihe Islands to ensure transparent communication and alignment on resource management, economic development, and environmental protection [1][2][4]. Licensing and Regulatory Framework - The authority to issue mining licenses is solely with Indonesia's Central Government, which the Sangihe Regency fully accepts [5]. - Baru Gold has met all conditions necessary for approval of Production Operations as mandated by the Central Government, with preparations underway for operations [6]. Environmental Stewardship - Environmental protection is a core pillar of Baru Gold's operational strategy, with a valid environmental permit (AMDAL) and a comprehensive restoration plan approved by the Central Government [7][8]. - The company has placed a bond as a financial guarantee for environmental remediation, ensuring compliance with reclamation standards [9]. - The Board includes environmentalist Dr. Shidan Murphy, emphasizing the company's commitment to balancing environmental protection with development [10]. Economic Impact and Community Wellbeing - The local government supports economic growth opportunities, and Baru Gold is expected to become the largest employer on Sangihe Island, prioritizing local residents for hiring [12][13]. - The company will create business opportunities for local vendors and is already the largest taxpayer on the island, with anticipated revenue growth for infrastructure improvements [14][15]. - Both the Sangihe Regency Government and Baru Gold share objectives focused on balancing environmental protection with local economic and social interests [16]. Company Overview - The Sangihe Gold Project spans approximately 25,000 hectares, with only 10% explored, and is supported by an existing National Instrument 43-101 report for mining planning [18]. - Baru Gold holds a 70% interest in the Sangihe mineral tenement Contract of Work (CoW), with a 30-year agreement upon commencement of production [20]. - The company is positioned as a dynamic junior gold developer in Indonesia, leveraging extensive experience in small-scale gold asset operations [21].