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New Age Metals Announces the Passing of its Director John Londry
Thenewswire· 2025-07-29 21:25
Core Points - New Age Metals Inc. announces the passing of director John Londry, expressing condolences to his family and friends [1] - John Londry joined New Age Metals in 2004 as VP Exploration and became a Director in 2009, serving until his passing [2] - Londry had extensive experience in mineral exploration since 1969, working on various projects and holding senior positions at notable companies [2] - CEO Harry Barr highlighted Londry's professionalism, kindness, and sense of humor, stating he will be greatly missed by colleagues [3]
Hammond Manufacturing Company Limited Announces Declaration of Dividend Payment
Thenewswire· 2025-07-29 21:05
Core Points - Hammond Manufacturing Company Limited (HMCL) has declared a dividend of $0.03 per Class A Subordinate Voting Share and $0.03 per Class B Common share, payable on August 22, 2025, to shareholders of record as of August 11, 2025 [1] - The board has not established a formal dividend policy, and no future dividend declarations have been decided [2] - The entire amount of the declared dividend is designated as an "eligible dividend" under the Income Tax Act (Canada) [3] 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 [4]
Hammond Manufacturing Company Limited Announces Financial Results For The Second Quarter Ending June 27, 2025:
Thenewswire· 2025-07-29 21:05
Core Insights - Year-to-date sales for the company have increased compared to the previous year, but overall earnings have declined due to the impact of tariffs on products sold in the US [1]. Financial Performance - Net product sales for the six months ending June 27, 2025, were $138.492 million, up from $121.030 million for the same period in 2024, representing a year-over-year increase of approximately 14% [1]. - Income from operating activities decreased to $13.254 million for the six months ending June 27, 2025, compared to $14.188 million for the same period in 2024, a decline of about 6.6% [1]. - Net income for the period was $8.630 million, down from $9.169 million in the previous year, reflecting a decrease of approximately 5.9% [1]. - Total comprehensive income for the period was $7.011 million, compared to $10.250 million in the previous year, indicating a significant decline of about 31.5% [1]. - Earnings per share (EPS) for the six months was $0.76, down from $0.81 in the previous year [1]. Company Overview - Hammond Manufacturing Company Limited specializes in manufacturing 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].
Armory Mining Corp. Acquires Riley Creek Project Option
Thenewswire· 2025-07-29 20:50
Core Points - Armory Mining Corp. has closed an assignment agreement to acquire a 100% interest in certain mineral claims in Haida Gwaii, British Columbia, which will be part of the Riley Creek Project [1] - The company will issue a total of 10,100,000 common shares as consideration for the assignment, with specific issuance dates and amounts outlined [2] - To exercise the option for the mineral claims, the company must incur $50,000 in exploration expenditures by October 31, 2025, and pay an additional $100,000 by October 31, 2026 [2] - The company has also completed the sale of its Kaslo Silver Property to 2724898 Alberta Inc., receiving $100,000 in cash and 1,500,000 common shares of 2724898 [5][6] - The company controls 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 [7]
Herbal Dispatch Announces Equity Private Placement
Thenewswire· 2025-07-29 20:15
Core Viewpoint - Herbal Dispatch Inc. is planning a non-brokered private placement to raise up to $1,000,000, which will support its anticipated export growth and working capital needs [1][2]. Group 1: Private Placement Details - The company intends to issue up to 20,000,000 units at a price of $0.05 per unit, with each unit consisting of one common share and one-half common share purchase warrant [1]. - Each full warrant can be exercised for one common share at a price of $0.08 per share for a period of 24 months after the closing date [1]. - The closing of the private placement is expected before August 29, 2025, and is subject to regulatory approvals [3]. Group 2: Use of Proceeds - Proceeds from the private placement will be utilized for working capital to support the company's expected export growth [2]. Group 3: Company Overview - Herbal Dispatch operates leading cannabis e-commerce platforms and aims to provide high-quality cannabis products at affordable prices [4]. - The company's flagship marketplace, herbaldispatch.com, offers exclusive access to small-batch craft cannabis and various product formats [4].
Stearman Enters Into Option Agreement with F4 Uranium Ltd. for Murphy Lake Property
Thenewswire· 2025-07-29 18:25
Core Viewpoint - Stearman Resources Inc. has entered into an option agreement with F4 Uranium Ltd. to acquire up to a 70% interest in the Murphy Lake uranium property in Saskatchewan, which is strategically located near other significant uranium deposits [1][3]. Financial Terms of the Agreement - Stearman will make a non-refundable cash payment of $50,000 as an initial payment [3]. - To acquire a 50% interest, Stearman must pay a total of $750,000 in cash over 24 months, with specific payment milestones of $150,000 at various intervals [3]. - Stearman is also required to fund $10,000,000 in exploration expenditures over 42 months, with $1,500,000 due at 12 and 24 months [3][7]. - Following the initial option, Stearman can acquire an additional 20% interest by paying $500,000 over 36 months and funding an additional $8,000,000 in expenditures [7]. Joint Venture and Royalty Agreement - Upon exercising the options, a joint venture will be formed for further exploration and development of the property [7]. - Stearman will grant F4 a 2.0% net smelter returns royalty upon the commencement of commercial production at the property [7]. Company Background - Stearman Resources Inc. is focused on mineral exploration and currently owns a 100% interest in the NeoCore Uranium Property in Saskatchewan, along with an option on the Miniac Property in Quebec [5].
Nord Precious Metals Advances Re-2Ox Pilot Plant Process Equipment Selection with SGS Bench-Scale Metallurgical Test Programme
Thenewswire· 2025-07-29 16:05
Core Viewpoint - Nord Precious Metals Mining Inc. is advancing its Re-2Ox metallurgical process to recover critical and precious metals from complex concentrates, addressing a global processing bottleneck due to the closure of deleterious metal-tolerant smelters [1][5][8]. Technical Programme Structure - Phase 1 of the testing program will establish operating parameters through systematic bench testing of the Re-2Ox flowsheet, focusing on alkaline pressure leach testing of concentrate samples [3][4]. - Phase 2 will validate continuous operation at pre-pilot scale by processing a single autoclave batch through downstream circuits, addressing reagent recycling for remote deployments [4]. Market Context - The closure of major smelters has created a processing bottleneck for complex concentrates, which Nord's Re-2Ox technology aims to alleviate by converting penalty-bearing feeds into saleable products [5][8]. Commercial Implications - The bench-scale data will support the company's progression toward Technology Readiness Level 7, positioning the Re-2Ox process for commercial licensing after a pilot demonstration [6][8]. - The ability to process deleterious metal concentrates represents a significant commercial opportunity as global ore grades decline and impurity levels rise [8]. Next Steps - Phase 1 data will enable the production of equipment lists and supplier quotations, refining the capital-cost estimate for a planned one-tonne-per-day Re-2Ox pilot line [8][9]. - The company intends to finance Phase 1 using existing resources and a previously announced C$200,000 MICA grant [8]. Company Overview - Nord Precious Metals operates the only permitted high-grade milling facility in Ontario's Cobalt Camp, focusing on high-grade silver and strategic metals recovery [11]. - The company's flagship Castle property has delineated 7.56 million ounces of silver in inferred resources, with an average grade of 8,582 g/t Ag [11]. - Nord's integrated processing strategy leverages the recovery of multiple metals, including cobalt and nickel, to capitalize on the growing demand for battery materials [12][13].
Baru Gold Places Reclamation Bond in Expectation of Starting Production Operations
Thenewswire· 2025-07-29 14:20
Core Points - Baru Gold Corp. has placed a reclamation bond for the 2025 calendar year for the Sangihe Gold Project, which is a financial guarantee for reclamation and environmental restoration [1][2] - The reclamation bond is a requirement following the approval for Production Operations, allowing for immediate commencement of operations upon formal issuance by the Indonesian Ministry of Energy and Mineral Resources [3] - The CEO of Baru Gold anticipates receiving approval for Production Operations soon, indicating the company's readiness to transition to an active gold producer [4] Company Overview - Baru Gold Corporation is a junior gold developer with NI 43-101 gold resources in Indonesia, a leading gold-producing country [6] - The Sangihe Gold Project covers approximately 25,000 hectares, with only 10% of the gold-bearing area explored to date [4] - The company holds a 70% interest in the Sangihe mineral tenement Contract of Work, with the remaining 30% held by Indonesian corporations [5]
Hybrid Power Solutions Enables Advanced Engineering Studies at Canadian University
Thenewswire· 2025-07-29 13:15
Core Insights - Hybrid Power Solutions Inc. has secured a purchase order from a leading Canadian university for its Batt Pack Energy system to support civil engineering research [1][2] - The Batt Pack Energy system will provide portable power for onsite testing and charging equipment in off-grid scenarios, particularly for heritage and aging infrastructure studies [1][2] - The selection of the Batt Pack Energy system was influenced by its quiet operation, zero emissions, and ease of use, making it suitable for sensitive testing environments [2][3] Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator listed on the Canadian Securities Exchange under the symbol "HPSS" [4] - The company specializes in developing portable power systems that eliminate the need for fossil fuels in off-grid and remote applications, focusing on environmental responsibility and technological innovation [4]
Metalite Secures Renewal of Antimony-Rich Arthurs Seat Project in NSW
Thenewswire· 2025-07-29 13:10
Core Insights - The Government of New South Wales has approved the renewal of Exploration Licence EL 9144 for Metalite Resources, extending the licence for two years from July 25, 2025, to April 30, 2027 [1][2] - The Arthurs Seat Project is recognized for its high-grade mineralization, including silver, gold, and antimony, positioning the company favorably in the critical minerals market [2] Company Overview - Metalite Resources Inc. is a Canadian junior mineral exploration company focused on precious metals projects in New South Wales, Australia [3]