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Allied Critical Metals Announces Corporate Update
Thenewswire· 2025-05-16 21:00
Core Viewpoint - Allied Critical Metals Inc. has provided an update on its use of funds following a concurrent financing of approximately $4.6 million, emphasizing the prioritization of exploration at the Borralha Tungsten Project to achieve a preliminary economic assessment by summer 2025 [1][3][4]. Summary by Relevant Sections Use of Funds - The company plans to allocate the funds from the concurrent financing as follows: - Borralha Phase 1: $492,600 - Borralha Phase 2: $1,503,200 - Vila Verde Phase 1: $0 (not funded) - Vila Verde Phase 2: $0 (not funded) - Prepayment on 2027 Note: $100,000 - General and administrative costs: $180,000 - Investor relations services: $885,500 - Additional working capital: $231,866 - Total estimated use of funds is $3,574,811, which is $245,824 less than the maximum projected amount of $3,820,635 [2][5]. Exploration Focus - The company is prioritizing the Borralha project for exploration, which is expected to enable the completion of a preliminary economic assessment (PEA) or prefeasibility study (PFS) by the end of summer 2025. Drilling at Borralha is anticipated to commence on May 22, 2025 [3][4]. Investor Relations Strategy - A total of $885,500 has been allocated for investor relations services to enhance the company's profile and facilitate future capital raising efforts following the completion of the PEA/PFS [4][5]. Market Context - The tungsten market is currently valued at approximately $5 to $6 billion USD, with prices having risen by 25% from $320/MTU to $400/MTU over the past five months. This increase is attributed to a favorable macroeconomic environment for tungsten, which is considered a critical metal [4][12]. Management Changes - Sean Choi has been appointed as the new Chief Financial Officer, replacing Keith Margetson, who will continue as a consultant [8][9]. Stock Options and RSUs - The company has granted 3,500,000 stock options at an exercise price of $0.22 per share and 4,097,760 restricted share units (RSUs) to its directors, officers, employees, and consultants [10][11].
REV Exploration to Become First-Mover Targeting Natural Hydrogen in Alberta
Thenewswire· 2025-05-16 14:15
Core Insights - REV Exploration Corp. is expanding its focus on Natural Hydrogen in Western Canada, particularly in Alberta, positioning itself as a first-mover in this sector [1][3] Industry Overview - Under Premier Danielle Smith's leadership, Alberta is developing a robust hydrogen sector, with the potential to become a "next trillion dollar industry" [2] - The Alberta Hydrogen Roadmap aims for over $30 billion in capital investments by 2030 to establish the province as a global supplier of clean hydrogen [6] Company Developments - REV Exploration has secured a significant land package with permits for Natural Hydrogen exploration in Saskatchewan, while also targeting opportunities in Alberta due to its advanced hydrogen economy [3][4] - The company is also advancing its gold properties in Northern Quebec's Chibougamau Gold Camp, indicating a diversified exploration strategy [6] Natural Hydrogen Potential - Alberta is already a leader in blue hydrogen production, and the exploration of naturally occurring hydrogen presents a complementary opportunity [4] - The geological features of Alberta, including a Precambrian basement rich in iron and uranium-bearing rocks, are conducive to Natural Hydrogen generation [5]
REV Exploration Acquires Permits In Saskatchewan For Natural Hydrogen Exploration
Thenewswire· 2025-05-15 23:10
Core Insights - REV Exploration Corp. has acquired permits in Saskatchewan covering 372,571 hectares for Natural Hydrogen exploration, indicating a strategic move into a rapidly emerging resource sector [1][2] - The CEO highlighted Saskatchewan's advanced policy framework for Natural Hydrogen exploration, which, combined with unique geology and a growing market, positions REV for significant opportunities in the coming months [2] - REV Exploration has appointed Independent Trading Group, Inc. as a market maker to enhance liquidity and contribute to a fair market for its shares on the TSX Venture Exchange [3][4] Company Overview - REV Exploration is a mineral exploration company with a portfolio that includes gold and battery metal properties in Quebec, as well as strategic Natural Hydrogen properties in Saskatchewan, all 100% owned by the company [6] - The company is focused on identifying commercial concentrations of Natural Hydrogen in North America, which is seen as a catalyst-rich opportunity for growth [2][6] Market Maker Appointment - The contract with Independent Trading Group, Inc. is on a month-to-month basis for a fee of CDN $6,000, with the first full month starting in April 2025 [4] - ITG is a Toronto-based dealer-member specializing in market making and liquidity provision, established in 1992 [5]
Allied Critical Metals Announces Frankfurt Stock Exchange Listing
Thenewswire· 2025-05-15 21:50
Company Overview - Allied Critical Metals Inc. is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal [3] - Tungsten has been designated a critical metal by the United States and other western countries, with China and Russia representing 90% of the total global supply and reserves [3] Market Context - The tungsten market is estimated to be valued at approximately $5 - $6 billion USD and is utilized in various industries such as defense, automotive, manufacturing, electronics, and energy [3] Recent Developments - Allied's common shares are now trading on the Frankfurt Stock Exchange under the symbol "0VJ0", which is expected to broaden the shareholder base in Europe and increase trading activity [1] - The listing coincides with Allied's presentation of its tungsten projects at the Deutsche Goldmesse investor conference in Frankfurt on May 16 & 17, 2025 [2]
Rockland Resources Announce Appointment Of Taylor Sulik To Advisory Board
Thenewswire· 2025-05-15 12:00
Company Overview - Rockland Resources Ltd. is an exploration company focused on advancing its beryllium projects in Utah [1] - The company is strategically located in the Spor Mountain region, which is home to the largest beryllium producer in the world, Materion's Spor Mountain Mine [4] Advisory Board Appointment - Mr. Taylor Sulik has been appointed to Rockland's Advisory Board, bringing over seven years of experience in U.S. intelligence and security [2] - Sulik is also the president of Mithril Mining Corp., which focuses on U.S.-based critical-mineral deposits [2] - His expertise in critical minerals and connections within the defense and industrial sectors are expected to support Rockland's beryllium projects [3] Beryllium Significance - Beryllium is classified as a critical mineral by the U.S. government and has applications in various sectors including aerospace, telecommunications, and defense [4] - The company is advancing critical minerals exploration, particularly in beryllium, at its Meteor, Beryllium Butte, and Claybank projects [4] Stock Options - Rockland has set 200,000 options to consultants at a price of $0.11 for a period of two years [3]
Vanguard Mining Provides Update on Status of Annual Financial Statements and MD&A
Thenewswire· 2025-05-14 23:30
Core Viewpoint - Vanguard Mining Corp. has applied for a management cease trade order due to the inability to file its audited annual financial statements by the deadline, which has been granted by Canadian securities regulatory authorities [2]. Group 1: Management Cease Trade Order (MCTO) - The Company applied for an MCTO because it could not file its audited annual financial statements for the fiscal year ended December 31, 2024 by the April 30, 2025 deadline [2]. - The MCTO was granted on May 7, 2025, restricting the Chief Executive Officer and Chief Financial Officer from trading in the Company's securities until the Annual Filings are completed [2]. - Other shareholders are not affected by the MCTO and can continue to trade in the Company's securities [2]. Group 2: Filing Status and Compliance - The Company and its auditors are working diligently to complete the Annual Filings and anticipate filing them on or before June 30, 2025 [3]. - Since the Default Announcement, the Company confirms that no material changes have occurred that have not been disclosed, and it has complied with NP 12-203 guidelines [4]. - The Company will continue to meet the provisions of NP 12-203 as long as it remains in default of its filing requirements [5].
Beauce Gold Fields Closes Non-Brokered Private Placement
Thenewswire· 2025-05-14 16:00
Core Points - Beauce Gold Fields is closing a non-brokered private placement of 7,200,000 units at a price of $0.04 per unit, resulting in gross proceeds of $288,000 [1] - Each unit consists of one common share and one common share purchase warrant, allowing the holder to purchase an additional common share at $0.08 for 24 months [1] - The proceeds will be allocated for exploration financing and general corporate purposes [1] Financial Details - The company will pay finder's fees totaling $16,600 to various financial institutions involved in the placement [2] - Additionally, the company will issue a total of 300,000 warrants to the agents, allowing them to purchase common shares at $0.08 for 24 months [2] Company Overview - Beauce Gold Fields focuses on exploring and developing the largest placer gold district in eastern North America, with its flagship property being the St-Simon-les-Mines Gold project [4] - The company aims to trace old placer gold workings back to their bedrock sources to uncover economic lode gold deposits [4] - The Beauce region has a historical significance in gold mining, having produced some of the largest gold nuggets in Canadian history [4]
JZR Gold Inc. Announces Completion of Testing of Gravimetric Mill at the Vila Nova Gold Project in Brazil
Thenewswire· 2025-05-14 00:25
 May 13, 2025 - TheNewswire - Vancouver, British Columbia, Canada – JZR Gold Inc. (TSXV:  JZR) (OTCQB: JZRIF) (the “Company” or “JZR”) wishes to provide an update on operations at Vila Nova Gold Project (the “ Vila Nova Project ” or the “Property”) located in the state of Amapa, Brazil. ECO Mining Oil & Gaz Drilling Exploration EIRELI (“ECO”), the operator of the Vila Nova Project, commissioned the design, manufacture and installation of a gravimetric mill on the Property capable of processing up to 800 to ...
Nevis Brands Announces the launch of Major(TM) in Illinois, new distribution of Happy Apple(TM) in North Carolina, South Carolina
Thenewswire· 2025-05-13 12:30
Company Overview - Nevis Brands Inc is a leading provider of cannabis beverage brands, focusing on Hemp Derived THC products [1][2] - The company is publicly traded on the CSE under the symbol "NEVI," US OTC: "NEVIF," and Frankfurt Stock Exchange symbol "8DZ" [3] Product Launch and Market Expansion - Nevis has launched its Major(™) 100mg THC beverages in Illinois, partnering with Drecisco Farms, aiming to become a top-selling beverage in the state [2] - The company is expanding its retail presence in North Carolina and South Carolina, targeting bars and specialty beer and wine outlets [4] Sales and Revenue Generation - Happy Apple(™) Hemp Derived THC beverages are being sold in multiple states, with a focus on low-dose 5 mg THC options to grow revenues [1] - The company anticipates recognizing revenue from Happy Apple in fiscal Q2 [4] Marketing and E-commerce Strategy - Nevis plans to introduce Happy Apple(™) in traditional retail liquor stores and bars, while also developing an e-commerce platform at www.nevishemp.com [1] - The company is leveraging social media influencers and online marketing to boost online demand for its products [4]
Cava Healthcare Appoints Barbara Sharp As Chief Executive Officer And As A Director
Thenewswire· 2025-05-08 21:00
Vancouver, British Columbia, May 8th, 2025 – TheNewswire - CAVA Healthcare Inc, (the “Company”) is pleased to announce the appointment of Barbara Sharp as its new Chief Executive Officer (CEO), effective immediately.  She has also been appointed to serve as a Director of the Company until next Annual General Meeting.Barbara brings a wealth of leadership experience across public, private, and nonprofit sectors, with a career spanning over three decades in executive management, labour relations, conflict res ...