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China Gold International Resources Reports 2025 Third Quarter Results - Record High Quarterly Net Profit in Two Consecutive Quarters
Thenewswire· 2025-11-13 23:00
Core Insights - China Gold International Resources achieved record-high net profits for two consecutive quarters, indicating strong operational efficiency and strategic decision-making [5] Q3 Operational and Financial Highlights - Revenue increased by 36% to US$345.0 million from US$254.6 million in Q3 2024 [7] - Mine operating earnings rose to US$197.0 million, up from US$46.8 million in Q3 2024 [7] - Net profit reached US$142.3 million, a significant increase from US$27.9 million in Q3 2024 [7] - Cash flow from operations was US$234.7 million, compared to US$156.2 million in Q3 2024 [7] - Total gold production decreased by 18% to 41,150 ounces from 50,160 ounces in Q3 2024 [7] - Total copper production increased to 42.3 million pounds (approximately 19,204 tonnes) from 38.3 million pounds (approximately 17,361 tonnes) in Q3 2024 [7] Nine-Month Operational and Financial Highlights - Revenue for the nine months increased by 100% to US$925.4 million from US$463.1 million in the same period of 2024 [7] - Mine operating earnings were US$474.1 million, up from US$64.8 million in the same period of 2024 [7] - Net profit reached US$344.6 million, a turnaround from a net loss of US$3.0 million in the same period of 2024 [7] - Cash flow from operations was US$569.6 million, compared to US$244.2 million in the same period of 2024 [7] - Total gold production increased by 27% to 129,350 ounces from 102,245 ounces in the same period of 2024 [7] - Total copper production rose to 119.3 million pounds (approximately 54,127 tonnes) from 61.5 million pounds (approximately 27,909 tonnes) in the same period of 2024 [7] Company Overview - China Gold International Resources is a mining company focused on gold and base metals, operating the CSH Gold Mine in Inner Mongolia and the Jiama Copper-Gold Polymetallic Mine in Tibet [8] - The company's objective is to enhance shareholder value through increased production, resource expansion, and new project development [8]
Vitalist Reports Second Quarter 2026 Financial Results
Thenewswire· 2025-11-13 21:00
Core Insights - Vitalist Inc. reported significant financial growth in Q2 2026, driven by the launch of Reebok smartwatches and a strategic shift towards its proprietary VitalOS™ platform [2][3]. Financial Performance - Revenue for the three months ended September 30, 2025, was CAD 2.12 million, a 42% increase from CAD 1.49 million in the same period last year [3][4]. - For the six months ended September 30, 2025, revenue reached CAD 3.79 million, up 34% from CAD 2.82 million in the prior year [3][4]. - The gross profit margin for the three months ended September 30, 2025, was 36%, compared to 33% in the same period last year, while the six-month gross profit margin decreased to 32% from 36% year-over-year [3][4]. - The company recorded a net income of CAD 0.15 million for the three months ended September 30, 2025, and a net loss of CAD 0.31 million for the six months, an improvement from a net loss of CAD 0.81 million and CAD 1.35 million in the prior year [3][4]. Strategic Developments - Vitalist secured a 5-year exclusive brand licensing agreement with Authentic Brands Group for Reebok smartwatches in the Americas, replacing the previous Motorola agreement [2]. - The initial Reebok Pulse and Icon smartwatches launched in August 2025 are performing well in retail, with higher gross margins than previous products [2]. - The anticipated launch of the VitalOS™ platform in Q4 2025 aims to enhance health and wellness experiences through integrated biometric data [2]. Operational Insights - Operating cash outflows for the six months ended September 30, 2025, were CAD 2.44 million, up from CAD 0.23 million in the same period last year, primarily due to unfavorable changes in working capital [3]. - Total assets as of September 30, 2025, were CAD 3.78 million, significantly higher than CAD 1.13 million as of March 31, 2025 [4].
Arcus Announces a Further Increase to Private Placement and Share Consolidation
Thenewswire· 2025-11-13 17:40
 November 13, 2025 – TheNewswire - Vancouver, British Columbia - Arcus Development Group Inc. (TSXV:ADG.H)(“Arcus”) announces that further to its news release of November 4, 2025 and October 15, 2025, it will increase the size of its ongoing private place up to a maximum of $1,650,000.  Subject to TSX Venture Exchange acceptance, the increased financing will close concurrently with an Arcus share consolidation, as described below:  (i)        immediately prior to the closing of the financing, Arcus will co ...
Renforth Completes Final Financing Closing
Thenewswire· 2025-11-13 14:55
Core Points - Renforth Resources Inc. has successfully completed a fundraising round, raising a total of $209,000 through the issuance of shares and warrants [1] Group 1: Fundraising Details - The company raised $209,000 via the issuance of 10,275,000 shares and 5,137,500 warrants on a flow-through basis [1] - Additionally, 175,000 shares and 175,000 warrants were issued on a common share basis [1]
SPARC AI to Attend MilCIS 2025 as Company Prepares for Australian Drone Demonstration
Thenewswire· 2025-11-13 14:30
Core Insights - SPARC AI Inc. will participate in the Military Communications and Information Systems Conference (MilCIS 2025) from November 18-20 in Canberra, Australia, focusing on defense innovation and procurement [1][2] - The company is preparing for a drone demonstration at a private test location in Canberra, showcasing its proprietary GPS-denied target acquisition and autonomous navigation technologies [3][4] - SPARC AI's Overwatch software will be highlighted during the demonstration, emphasizing its long-range geolocation and autonomous flight capabilities [3][4] Company Overview - SPARC AI Inc. specializes in developing next-generation, GPS-free target acquisition and intelligence software for drones and edge devices [4] - The company's zero-signature technology enables real-time detection, tracking, and behavioral insights without relying on traditional sensors like radar or lidar [4] - SPARC AI aims to provide unmatched situational awareness for defense, rescue, first responders, and commercial operators through its scalable software platform [4]
Fitzroy Minerals Welcomes Resources Expert and Shareholder Craig Parry as Technical Advisor
Thenewswire· 2025-11-13 14:15
Core Viewpoint - Fitzroy Minerals Inc. has appointed Mr. Craig Parry as Technical Advisor, highlighting the company's focus on advancing its Chilean copper projects and leveraging Mr. Parry's extensive experience in the mining sector [1][2][3]. Company Overview - Fitzroy Minerals is engaged in exploring and developing mineral assets with significant upside potential in the Americas, with key projects including the Buen Retiro Copper Project and the Caballos Copper and Polimet Gold-Copper-Silver projects in Chile [6]. Appointment of Technical Advisor - Mr. Craig Parry, a mining executive and geologist with a strong track record, has been appointed as Technical Advisor. He has held leadership roles in various successful resource companies and has been involved in major discoveries [2][4]. - Mr. Parry expressed enthusiasm about joining Fitzroy Minerals, particularly regarding the potential of the company's projects [3]. Project Highlights - The Buen Retiro copper project is viewed as a potential major IOCG discovery, with management outlining a fast-track route to non-operated copper production, which could provide cash flow for future exploration [4]. - The Caballos project has shown promising copper-molybdenum-gold-rhenium mineralization, located in a prolific porphyry belt, indicating potential for significant new copper discoveries as exploration continues [5]. Management's Perspective - Merlin Marr-Johnson, CEO of Fitzroy Minerals, emphasized the importance of expanding the team's skill set as the Buen Retiro and Caballos projects progress, welcoming Mr. Parry's expertise to enhance value for stakeholders [5].
Giant Mining Expands Scope with Majuba Hill with ExploreTech AI-Driven Drill Targeting at Majuba Hill, Nevada
Thenewswire· 2025-11-13 14:05
Core Insights - Giant Mining Corp. is expanding its collaboration with Exploration Technologies, Inc. to enhance drill targeting at the Majuba Hill Copper-Silver-Gold Project in Nevada, which is part of its exploration and deposit-expansion strategy [1][2][3] Exploration Progress - Following high-grade copper intercepts from the 2024-2025 drilling programs, the company is advancing to better define the scale of the Majuba Hill mineralized system, which shows characteristics of a significant porphyry-style copper system [2][4] - Recent drill holes MBH-30 and MBH-32 returned high-grade copper mineralization, prompting the company to expand drilling operations and work towards defining a maiden resource estimate [4][10] Technological Integration - The use of ExploreTech's AI platforms, Inverter and Driller, is aimed at improving predictive accuracy and refining targeting for drilling operations, enhancing the efficiency of mineral discovery [3][5] - The AI-driven methods integrate various datasets to support the exploration efforts at Majuba Hill [3][5] Geological Features - The presence of tourmaline-matrix porphyry breccias with copper mineralization supports a model of a laterally extensive system at Majuba Hill, which is critical for identifying high-potential drill targets [5][9] - The project has intersected thick intervals of near-surface oxide copper mineralization, significantly expanding the Mineralized Breccia Zone [10] Project Characteristics - Majuba Hill is located in a top-ranked mining jurisdiction in Nevada, covering an area of 9,684 acres, with existing infrastructure that provides cost advantages [14][15] - The project has a history of production and exhibits characteristics of a large Cu–Ag±Au mineralized system, with significant expansion potential indicated by ongoing surveys and drilling [15][17] Strategic Importance - The project is positioned to meet the growing global demand for critical metals, driven by initiatives like the Green New Deal, which require substantial amounts of copper, silver, and gold [16][17]
Rockland Resources Financing Fully Subscribed
Thenewswire· 2025-11-13 14:00
Core Points - Rockland Resources Ltd. has successfully completed a non-brokered private placement, raising a total of $180,000 by issuing 3 million units at a price of $0.06 per unit [1] - Each unit consists of one common share and one transferable share purchase warrant, with warrants allowing the purchase of additional shares at $0.10 for a period of 36 months [1] - The net proceeds from this financing will be allocated to advancing the Cole Gold Mines project in Red Lake, Ontario, and for general working capital [1] Financing Details - The private placement is fully subscribed and will be subject to a four-month hold period as per Canadian securities laws [2] - Finders' fees will be applicable on the private placement, in accordance with the policies of the Canadian Securities Exchange [2] Company Overview - Rockland Resources Ltd. specializes in the exploration of critical minerals, particularly beryllium, with projects located in the Spor Mountain region of Utah, USA [3] - The company holds the Cole Gold Mines Project, which is situated in the Red Lake gold district of Ontario, a region known for its prolific gold production [3]
Quantum Announces 93% Gallium Recovery
Thenewswire· 2025-11-13 14:00
Core Insights - Quantum Critical Metals Corp. has achieved a significant milestone with a 93% gallium recovery from preliminary metallurgical tests on mica samples from its NMX East Project in Québec, positioning the company as a leader in North America's gallium supply chain [2][3][4] Company Overview - Quantum Critical Metals Corp. is focused on advancing critical minerals and has a growing portfolio of projects, including the NMX East Gallium-Rubidium-Cesium Project and others in Québec and British Columbia [10] - The company aims to establish Canada as a domestic gallium supplier, reducing reliance on Chinese exports and enhancing Western national security [7][4] Industry Context - Gallium is a critical metal used in various high-tech applications, including semiconductors and renewable energy, traditionally sourced as a byproduct of bauxite or zinc processing [3][5] - The successful direct recovery of gallium from mica represents a potential new source, which could significantly impact the supply chain amid global disruptions [4][3] Project Details - The NMX East Project is 100% owned by Quantum and has historically been explored for lithium, with recent studies focusing on gallium extraction feasibility [8] - The project is strategically located near other significant mining developments, highlighting the broader area's potential for polymetallic exploration [8][9]
Andina Copper Reports up to 9.43% Cu and 2.2 g/t Au from Rock-Chip Samples at Mantau, Antofagasta, Chile
Thenewswire· 2025-11-13 13:55
Core Insights - Andina Copper Corporation has reported significant findings from its initial geological field evaluation and sampling program at the Mantau copper-gold project in northern Chile, validating historical high-grade results and expanding the area of interest [1][2][4] Group 1: Project Highlights - The Mantau project has confirmed historical rock chip samples with grades up to 28.6% Cu and 5.91 g/t Au, with recent sampling returning five additional assays greater than 1% Cu and eight greater than 0.1 g/t Au [1][4][10] - A drone-based photogrammetry survey has produced a high-resolution Digital Elevation Model (DEM) to support further mapping and geophysical studies [2] - The project area is located within a highly prospective district that includes significant deposits such as Marimaca Copper's MOD Deposit (200 million tonnes at 0.45% Cu) and Antofagasta PLC's Cachorro discovery (300 million tonnes at 1% Cu, 4 g/t Ag) [4] Group 2: Geological Findings - The geological review identified multiple lithologies and alteration zones consistent with IOCG-style mineralization, with mineralization primarily localized along the Falla Este fault zone [8][9][10] - Recent sampling confirmed the presence of copper oxides and other mineralization indicators, with significant results including 9.43% Cu and 0.21 g/t Au from sample 16680 and 9.32% Cu and 0.40 g/t Au from sample 16731 [10][11] Group 3: Future Exploration Plans - The company is planning a follow-up exploration program that will include grid-based soil sampling and geophysical surveys to define drill targets [2][17] - The next steps will focus on systematic soil geochemical programs and advanced geophysical techniques to gain insights into the subsurface and refine target definitions [17]