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Newlox Gold Announces Issuance of Convertible Debentures and Amendment of Convertible Debentures and Warrants
Thenewswire· 2026-01-19 23:30
Core Viewpoint - Newlox Gold Ventures Corp. is planning a non-brokered private placement to raise up to $1,023,000 through the issuance of convertible debentures and warrants, while also amending existing debentures and warrants from a previous placement [1][2][9][10]. Group 1: Private Placement Details - The private placement will consist of up to 1,000 units priced at $1,023 each, totaling gross proceeds of up to $1,023,000 [1]. - Each unit will include a two-year 5% unsecured convertible debenture and 9,300 common share purchase warrants [1]. - The new debentures will have a principal amount of $1,000, a 5% annual interest rate, and will be convertible into common shares at a price of $0.11 per share [3]. - Each new warrant will allow the holder to acquire one common share at a price of $0.15 for two years from the date of issue [4]. Group 2: Related Party Transaction - Mr. MacKay, an insider of the Corporation, plans to participate in the private placement with an investment of $41,400 [6]. - This participation is classified as a "related party transaction" under Multilateral Instrument 61-101, but is expected to be exempt from formal valuation and minority shareholder approval requirements [7]. Group 3: Use of Proceeds - The net proceeds from the private placement will be utilized for general corporate purposes [8]. Group 4: Amendments to Prior Debentures and Warrants - The Corporation will amend the terms of $403,500 in prior convertible debentures, extending their maturity by 24 months and reducing the interest rate from 10% to 5% [2][9]. - The conversion price of the prior debentures will be reduced from $0.15 to $0.11 [9]. - The Corporation also intends to extend the expiry date and reduce the exercise price of the prior warrants from $0.25 to $0.15, extending the exercise period by two years [10]. Group 5: Company Overview - Newlox Gold Ventures Corp. is focused on recovering gold and silver from artisanal and small-scale mining operations in Latin America, utilizing technology to recover precious metals while addressing historical mine waste and supporting local economic development [12].
Hybrid Power Solutions closes Final Tranche of Life Offering Financing
Thenewswire· 2026-01-19 22:25
Core Viewpoint - Hybrid Power Solutions Inc. has successfully closed the final tranche of its Life Offering financing, raising a total of CDN $1,067,925 through the issuance of 17,798,749 units at a price of C $0.06 per unit [2][5]. Financing Details - The final tranche raised gross proceeds of CDN $53,025 from the sale of 883,750 units [2]. - Each unit consists of one common share and one whole common share purchase warrant, with the warrant exercisable at CDN $0.10 per share for 24 months [3]. - The company may accelerate the expiry of the warrants if the share price exceeds CDN $0.20 for 20 consecutive trading days [3]. Regulatory Compliance - The offering is conducted under the Listed Issue Financing Exemption, allowing sales to purchasers in Canadian provinces (excluding Quebec) and offshore jurisdictions [4]. - The securities issued will be freely tradable in Canada and are not subject to a hold period [4]. Use of Proceeds - The net proceeds from the offering will be allocated to company operations, product and research development, sales growth initiatives, marketing, and general corporate purposes [5]. Finder's Fees - The company paid eligible finders a cash fee of $38,690.40 and issued 644,840 non-transferable finder's warrants, allowing the acquisition of shares at $0.10 per share for 24 months [6]. 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 applications [9].
Update on Loan Agreement with Charrua Capital LLC.
Thenewswire· 2026-01-19 14:30
Core Viewpoint - Gold Basin Resources Corporation has updated the terms of a loan agreement with Charrua Capital LLC, which includes a reduction in interest rates and the introduction of security against certain mineral parcels [1][3][4]. Loan Details - The company secured an unsecured loan of USD 500,000 from Charrua Capital LLC in 2024 at an interest rate of 15% per annum for short-term working capital [1]. - As of now, the accrued interest obligations amount to approximately USD 117,652, bringing the total outstanding loan amount to USD 617,652 [2]. Updated Terms - Charrua Capital LLC has agreed to forbear exercising its rights under the loan agreement until March 31, 2026, and will reduce the interest rate from 15% to 9% from January 1, 2026, to March 31, 2026 [3]. - The loan is now secured against the company's 100%-owned private mineral parcels in the Gold Basin Project during the forbearance period, which will be lifted once payments are resumed satisfactorily [4]. Project Overview - Gold Basin Resources Corporation is advancing the Gold Basin Project located in Mohave County, Arizona, which is accessible year-round and has significant potential for gold deposits [6].
Ventripoint Announces Closing of Non-Brokered Units Private Placement
Thenewswire· 2026-01-19 13:05
Core Viewpoint - Ventripoint Diagnostics Ltd. has successfully closed a non-brokered private placement, raising a total of $1,009,772 through the issuance of 10,097,720 units at a price of $0.10 per unit, with significant insider participation [1][4]. Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with warrants priced at $0.13 and valid for 24 months [2]. - The company has paid cash finder's fees of $15,600 and issued 156,000 Finder's Warrants, also exercisable at $0.13 for 24 months [3]. - The offering is classified as a related party transaction, with insiders purchasing 1,393,400 units, representing 13.8% of total proceeds [4]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to operational costs, sales and marketing, hiring additional key personnel, and general working capital [5]. Group 3: Regulatory and Compliance Information - All securities issued will be subject to a hold period of four months plus one day from the closing date, pending approval from the Exchange [6]. - The securities are not registered under the U.S. Securities Act and cannot be sold in the U.S. without proper registration or exemption [7]. Group 4: Company Overview - Ventripoint is recognized as a leader in applying AI to echocardiography, with its VMS+ products providing accurate cardiac measurements comparable to MRI, enhancing patient care [9].
Bedford Metals Completes 2025 Exploration Program At Sheppard Lake Uranium Project
Thenewswire· 2026-01-19 13:00
Core Insights - Bedford Metals Corp. has completed its Phase 3 Exploration program at the Sheppard Lake Uranium Project, with drilling set to resume in spring 2026 [1] - The exploration program included radiometric surveys and grab sampling, identifying several anomalous zones [2][3] - The company emphasizes environmentally responsible exploration and collaboration with local indigenous communities [7] Exploration Program Details - The field program involved 3 radiometric surveys at targeted locations, resulting in 3,644 readings that delineated anomalous zones, particularly at TZ-2 west and TZ-1 [2] - A total of 18 grab samples were collected, with CPS readings reaching up to 10,609 in the Silica Cap Zone [3] - The drilling faced challenges due to cold weather, resulting in only 298.5 meters drilled, with two holes testing the area south of TZ-2 [5] Sample Analysis - A total of 92 samples, including grab samples and drill core, were sent to the SRC Geoanalytical Laboratory for multi-element, U3O8, and boron assays [6]
First Canadian Graphite Increases Airborne Geophysical Survey and Completes Graphite Metallurgical Testing on Berkwood's Zone 3 Grab Samples.
Thenewswire· 2026-01-19 13:00
Core Insights - First Canadian Graphite has expanded its airborne electromagnetic and magnetic surveys for the Berkwood Graphite Project in Northern Quebec, following the acquisition of new claims [2][12] - Volt Carbon Technologies has completed successful dry separation and metallurgical testing on grab samples from the Berkwood Graphite Zone 3 property, indicating high-grade graphite content [3][5] Survey and Testing Results - The airborne geophysical surveys are being increased in size to enhance exploration efforts [12][13] - Preliminary testing results from Zone 3 show graphitic carbon (Cg) content ranging from 6.43% to 39.66%, with an average total carbon (Ct) of 32.47% and average graphitic carbon (Cg) of 22.90% across eight grab samples [5][9] - More than 85% of the graphite flakes separated were greater than 80 mesh, indicating a large-flake graphite potential [9] Methodology and Future Plans - The dry separation and metallurgical testing utilized Volt Carbon's proprietary dry air classification process, which achieved graphite purity levels between 95% and 98.5% in previous tests [14][15] - The company plans to use the results from the airborne surveys and metallurgical findings to guide further exploration and optimize processing methods [12][13] - Additional testing is planned to advance discussions with potential partners interested in high-purity, large-flake graphite [12] Project Background - The Berkwood Graphite Project is located in Quebec, with easy access via major and minor roads, and has a current mineral resource estimate of 1,755,300 tonnes of indicated resources at 17.00% Cgr [19][20] - The project is situated within the traditional territory of the Pessamit Innu First Nation, and the company is committed to fostering respectful relationships with local Indigenous communities [19]
Juggernaut Announces Fully Funded 10,000 Meter Inaugural Drill Program on New District-Scale Gold Silver Copper Rich System at 100% Controlled Big One Property, Golden Triangle, B.C.
Thenewswire· 2026-01-19 12:45
Core Insights - Juggernaut Exploration Ltd. has announced a fully funded 10,000-meter drill program at the Big One property, targeting high-grade gold, silver, and copper-rich veins within the newly discovered district-scale mineralization system in British Columbia [1][2] Exploration and Geological Insights - The Eldorado System covers an area of 22 km² with grab samples showing assays up to 263.70 g/t AuEq, indicating significant mineralization potential [3][5] - The Gold Swarm Discovery spans 3 km² with over 100 gold-rich polymetallic veins, with grab samples assaying up to 231.81 g/t AuEq, suggesting strong gold potential [4][5] - Mineralization is linked to a Jurassic- to Cretaceous-age transpressional system associated with an intrusive source, similar to the nearby Galore Creek deposit [5][7] Drill Program and Future Potential - The inaugural drill program aims to explore the high-grade district-scale system to depth, with expectations of uncovering a large mineralizing source that could enhance the project's value [2][7] - The recently received 5-year drill permit allows the company to define the extent of mineralization and understand the system's geometry, preparing for future resource estimation [7] Infrastructure and Accessibility - The Big One property is accessible year-round via helicopter, with government support for road improvements to enhance access [9] Company Overview - Juggernaut Exploration Ltd. is focused on precious metals projects in the Golden Triangle of British Columbia, a region known for its rich geological settings and stable mining jurisdictions [12]
Indata Drilling add Nickel and Silver to Targets
Thenewswire· 2026-01-19 12:45
Core Insights - Star Copper Corp. and Eastfield Resources Ltd. announced the results of three diamond drill holes at the Indata Project, located 120 kilometers northwest of Fort Saint James, British Columbia, totaling 532.8 meters drilled, with two holes in the newly discovered "Area 74" [1] Group 1: Drill Hole Results - Hole IN25-87, a 50-meter step out from hole IN22-74, intersected 106.6 meters of altered ultramafic rock mineralized with nickel and magnesium, followed by 23.7 meters of biotite-granite mineralized with copper, molybdenum, silver, and antimony [2] - Hole IN25-89, a 330-meter step out from hole IN22-74, intersected 21.8 meters of altered ultramafic rock mineralized with nickel and magnesium, followed by 77.5 meters of biotite-granite weakly mineralized with gold, silver, and antimony [2] - A summary of results from "Area 74" indicates significant mineralization, including nickel grades of 0.14% and 0.19% in holes IN25-87 and IN25-89, respectively, along with copper and molybdenum values [2][3] Group 2: Lake Copper Target - Hole IN25-88 was drilled to explore the mineralized trend from hole IN22-82, which previously intersected 170.7 meters grading 0.23% copper [4] - Results from hole IN25-88 included a narrower intercept than IN22-82 but showed a higher gold to copper ratio, suggesting the presence of two distinct populations of copper-gold mineralization [4] Group 3: Property Overview - The Indata property covers 4,551 hectares and is a copper-gold-silver-molybdenum porphyry prospect with additional potential for nickel and antimony [6] - Star Copper Corp. has an option to earn a 60% interest in the property by completing $2,700,000 in exploration and paying $440,000 by December 31, 2026 [6] - A total of 87 drill holes have been completed at Indata, with significant previous results including hole IN22-82, which graded 0.23% copper over 174.0 meters [6]
Precipitate Announces Appointment of Jose Acebal to Board of Directors
Thenewswire· 2026-01-19 12:30
Core Insights - Precipitate Gold Corp. has appointed José Acebal to its Board of Directors, enhancing its leadership team with his extensive experience in industrial operations and finance [1][4]. Group 1: Appointment of José Acebal - José Acebal is a Dominican national with a strong background in finance and operational management, particularly in the extractive industries [2]. - He operates multiple businesses in the Dominican Republic, including Parque Industrial Carelia and Tavares Industrial, which focus on aggregate production and concrete manufacturing [2]. - Acebal has prior experience at Goldman Sachs in the Debt Capital Markets group, providing him with insights into structured finance and investor relations [2][3]. Group 2: Strategic Importance - The addition of Acebal is expected to provide valuable insights into local operating environments, stakeholder engagement, and capital allocation strategies for mining companies in the Dominican Republic [3]. - Jeffrey Wilson, President & CEO, emphasized that Acebal's combination of international capital markets experience and operational expertise will be crucial for advancing the company's mineral properties and strengthening in-country relationships [4]. Group 3: Company Overview - Precipitate Gold Corp. focuses on mineral exploration in the Dominican Republic, with projects adjacent to significant mining operations, including the Juan de Herrera project and the Pueblo Grande project [5]. - The company is actively seeking additional high-impact property acquisitions to expand its portfolio and enhance shareholder value [5].
First Hole Completed in Timmins Area Diamond Drill Program
Thenewswire· 2026-01-19 12:30
Core Viewpoint - Noble Mineral Exploration Inc. has announced the results of its first drill hole in Carnegie Township, Ontario, indicating promising mineralization, particularly in zinc, copper, silver, and lead, as part of a partnership with Canada 11530313 Canada Inc. [1][8] Drilling Results - The first drill hole, CG-25-01, revealed a 6.5-meter section with 0.64% zinc, including a 1-meter section with 1.90% zinc, found in graphitic sediment with 5% pyrrhotite and local concentrations of 10-15% [2]. - The drilling program includes two 500-meter holes, with the first hole completed despite challenging weather conditions [1]. Geophysical Surveys - A Mise à la Masse (MALM) survey was conducted in the anomalous section to map conductive ore bodies, revealing continuity and shape at the surface [3]. - A surficial magnetometer survey detected a magnetic anomaly coinciding with the MALM anomaly, indicating the zone is both magnetic and electromagnetic, facilitating surface tracing with traditional techniques [5]. Future Plans - An additional hole, CG-25-02, is planned approximately 200 meters northwest to intersect the same zone at a vertical depth of about 200 meters, with two more holes scheduled for Southwest Carnegie Township [7]. - Noble retains a 5-year Exploration Right for volcanogenic massive sulphide mineralization and precious metals on lands recently transferred to Canada Nickel [7]. Company Overview - Noble Mineral Exploration Inc. is a junior exploration company based in Canada, holding various mineral and exploration rights across approximately 70,000 hectares in Northern Ontario and 24,000 hectares in Quebec [9][11]. - The company has interests in several projects, including Project 81, which hosts diversified drill-ready targets for gold, nickel-cobalt, and base metals [12].