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Happy Creek Announces CEO Transition
Thenewswire· 2025-11-06 17:35
Core Viewpoint - Happy Creek Minerals Ltd. announces the resignation of CEO Jason Bahnsen and the appointment of Stephen Gray as the new CEO and Director, indicating a leadership transition at a crucial time for the company [1][3]. Company Leadership - Mr. Stephen Gray has extensive experience in the mining industry, having held positions at Rio Tinto Plc, Kinross Gold Corp., and Centerra Gold Inc. He holds a Bachelor of Science in Mining Engineering and an MBA [2]. - Mr. Gray expressed enthusiasm about joining Happy Creek and aims to build on the work done by his predecessor, highlighting the company's strong fundamentals in the tungsten market and its high-quality project portfolio [3]. Company Projects - Happy Creek is focused on resource development in British Columbia, with key projects including the high-grade Fox Tungsten deposit and the Silverboss molybdenum-copper-gold-silver project [4][5]. - The company recently completed the sale of the Highland Valley Copper Project to Metal Energy Corp., retaining a 9.9% stake in Metal Energy and a potential 2.5% Net Smelter Return royalty on the mineral claims [6]. Commitment to Community - Happy Creek is dedicated to responsible mineral resource development and aims to build mutually beneficial relationships with Indigenous Communities in its exploration territories [7].
Scandium Canada advances strategic plan for commercialization of proprietary alloys
Thenewswire· 2025-11-06 14:30
Core Viewpoint - Scandium Canada Ltd. is advancing the commercialization of its patent-pending Aluminum-Scandium alloys through strategic partnerships and research, particularly with Gränges Powder Metallurgy, to meet the growing demand for high-performance lightweight materials in various industries [1][2][3]. Group 1: Partnership and Collaboration - The company has signed a Memorandum of Understanding (MOU) with Gränges Powder Metallurgy to explore the integration of Scandium Canada's proprietary alloys into GPM's product offerings [2]. - Scandium Canada has received support from Canada's Industrial Research Assistance Program (IRAP) to collaborate with experts from the National Research Council of Canada, focusing on identifying new commercial applications for its alloys [5]. Group 2: Product Development and Applications - Scandium Canada's proprietary alloys are designed to meet the needs for printable, high-strength, and lightweight metals in sectors such as aerospace, automotive, and advanced manufacturing [3]. - A report from Productique Quebec identified 13 target applications for Scandium Canada's Aluminum-Scandium alloys, including welding wires, aircraft ducting, and heat exchangers, which are linked to specific commercial stakeholders [4]. Group 3: Intellectual Property and Market Position - The company has filed a new international patent application for its proprietary alloys and their fabrication methods, enhancing its intellectual property portfolio and positioning for global commercial applications [6]. - Scandium Canada aims to become a market leader in scandium by leveraging its alloy development and the Crater Lake mining project to meet the demand for high-performance materials [10].
Ventripoint Announces Debt Settlement Agreements
Thenewswire· 2025-11-06 13:50
Core Insights - Ventripoint Diagnostics Ltd. has agreed to settle $542,591.50 of debt by issuing 5,425,915 common shares at a price of $0.10 per share [1][2] - The share issuance is intended to preserve cash for business development and is subject to approval by the TSX Venture Exchange [2] Company Overview - Ventripoint is a leader in applying AI to echocardiography, with its VMS products utilizing proprietary knowledge-based reconstruction technology for accurate volumetric cardiac measurements comparable to MRI [4] - The VMS+ product is versatile and compatible with all ultrasound systems, supported by regulatory approvals in the U.S., Europe, and Canada [4]
Nordique Resources Identifies Several Multi-Element Anomalies from Base-of-Till Drilling at the Isoneva Gold Project, Central Finland
Thenewswire· 2025-11-06 13:40
Vancouver, British Columbia – TheNewswire - November 6, 2025 – Nordique Resources Inc. (“Nordique” or the “Company”) (CSE: NORD; OTCQB: NORDF; FSE: V0U) is pleased to report initial assay results from its ongoing Base-of-Till (BOT) drilling program at the Isoneva Gold Project in central Finland, under option from Gemdale Gold Inc. The program is successfully delineating gold-bearing dispersion trains and identifying new, near-source mineralized zones, validating the Company’s targeting model.BOT drilling a ...
IDEX Metals Expands Mineralized Footprint at Freeze Property with Discovery of New Breccia Zone and New Gold Zone
Thenewswire· 2025-11-06 13:00
Core Insights - IDEX Metals Corp. has discovered a second mineralized breccia body, the North Breccia, located 700 meters north of the Kismet Breccia Complex, along with a new gold-bearing zone, the Frostfall Zone, approximately 950 meters further north, indicating a potentially large magmatic-hydrothermal system at the Freeze Property [1][2][3] Exploration Zones - A total of 323 rock and 1,986 soil samples have been collected on the Freeze Property, revealing a metallogenic zonation with a copper-molybdenum system in the south/central section and a copper-gold system emerging in the northern area [2] - The North Breccia exhibits malachite and chalcopyrite mineralization in porphyritic granodiorite, expanding the mineralized footprint [3][4] - The Frostfall Zone returned a sample of up to 2.91 g/t Au, indicating a new structural gold trend north of Placer Creek [3][6] - The ongoing geophysical surveys, including MT, IP, and ELF, are aimed at further defining the mineralization potential and guiding future drilling [3][19] Geophysical Survey Insights - The 2025 MT survey has highlighted NW-SE resistivity trends linking Kismet, North Breccia, and Frostfall, outlining a connected intrusive-hydrothermal corridor along Hornet Creek [3][10] - The MT data indicates the presence of large anomalies across the Freeze Property, correlating with known intrusives and mineralization zones [10][14] Next Steps and Catalysts - The company is advancing its drilling program with KSMT25004 and KSMT25005, which are currently being processed for results, and further exploration field results are expected [20][31] - The planned ELF survey will complement the ongoing IP survey to map additional conductive features across the Freeze Property, enhancing exploration targeting [19][20] Corporate Developments - IDEX has entered into consulting agreements with Capital Analytica and Think Ink to enhance marketing and public relations efforts, with a total cash fee of $270,000 and stock options granted [21][27] - The company announced the resignation of Sharyn Alexander as Vice President of Corporate Development [29]
Renforth Completes Parbec Stripping and First Close of Financing
Thenewswire· 2025-11-06 13:00
Core Insights - Renforth Resources Inc. has successfully completed stripping activities at the Parbec Gold deposit, covering a total surface area of approximately 2200 square meters, confirming the presence of geological features that support previous drill data interpretations [1][2]. Group 1: Stripping Activities - The stripping program at Parbec has revealed unexpected faults and structures, which were not indicated by prior surface channel and drill data [1]. - Several lithologies associated with gold, previously only observed in drill core, were identified at the surface during the new trenching [1]. Group 2: Future Plans - Following the successful stripping program, the company plans to continue with stripping, mapping, washing, and sampling in the remaining permitted area in the spring [2]. Group 3: Financing - Renforth closed a total of $258,000 in the first closing of its financing, issuing 10,800,000 shares and 5,400,000 warrants on a flow-through basis, along with 2,100,000 shares and 2,100,000 warrants on a common share basis [6]. Group 4: Upcoming Events - Renforth will be attending the Duetsche Goldmesse conference in Frankfurt on November 15, where the company will present information about the Parbec open pit gold deposit and the nearby Victoria sulphide nickel polymetallic open pit deposit [7].
Bitcoin Well Reports 2025 Q3 Financial Results
Thenewswire· 2025-11-06 12:30
Core Insights - Bitcoin Well Inc. reported significant financial growth in Q3 2025, with total revenue reaching $34.0 million, a 62% increase from $21.0 million in Q3 2024 [2][4][7] - The company experienced strong revenue growth across all segments, particularly in the Online segment, which grew by 85% to $17.5 million [4][7] - Despite the revenue growth, Bitcoin Well reported a net loss of $4.1 million for Q3 2025, an increase from a net loss of $949,226 in Q3 2024, primarily due to unfavorable fair value changes related to cryptocurrency loans [9] Financial Performance - Revenue for the nine months ended September 30, 2025, was $97.9 million, up 62% from $60.5 million in the same period in 2024 [5][7] - Gross profit increased by 46% to $1.3 million in Q3 2025 from $0.9 million in Q3 2024, and year-to-date gross profit rose 37% to $3.8 million [6][7] - Adjusted EBITDA improved significantly, reaching negative $0.3 million in Q3 2025 compared to negative $0.6 million in Q3 2024, indicating a 58% improvement [8][7] User Growth and Market Position - The Online Bitcoin Portal had over 57,000 unique users as of September 30, 2025, representing a 78% increase from December 31, 2024, and a 128% increase from September 30, 2024 [7] - Bitcoin Well's Bitcoin Treasury held a net investment of 42.36 BTC as of September 30, 2025, which increased to 69.00 BTC after acquiring an additional 26.63 BTC on November 5, 2025 [7] Debt Settlement - The company announced the issuance of 1,662,427 common shares to settle C$212,599 in interest on convertible debentures, approved by the TSX Venture Exchange [11][12] - Bitcoin Well also agreed to settle a debt of USD $76,000 (CAD 106,536.80) by issuing 926,406 shares at a deemed price of $0.115 per share, pending TSXV approval [22][23]
First Tellurium Subsidiary PyroDelta Delivers Thermoelectric-enhanced Combustion Engine to U.S. Airboat Manufacturer
Thenewswire· 2025-11-06 12:30
Core Insights - First Tellurium Corp's subsidiary, PyroDelta Energy Inc, has entered a new market for thermoelectric modules aimed at enhancing the range of high payload drones powered by combustion engines [1][2] - The company has made an initial sale to a Florida-based airboat manufacturer, which includes both the engine and the thermoelectric module [2] - The business model moving forward will focus on selling only the thermoelectric modules, with expectations of further sales in the airboat industry and beyond [2] Industry Overview - The global airboats market is valued at US$240 million for 2025, with a projected compound annual growth rate of 3.12% from 2025 to 2034 [3] - There is a growing demand for eco-friendly, lightweight, and high-performance airboats, particularly among tourism operators, leading to a 12% increase in the adoption of eco-friendly and hybrid models [3] - The industry is actively seeking to develop more efficient and environmentally friendly airboats, which aligns with the technological advancements offered by First Tellurium's modules [3][4] Company Strategy - The company aims to generate significant revenue through its unique business model, which includes mineral discovery, project development, and the development of tellurium-based technologies [5] - There is strong interest from various industries in the company's thermoelectric modules, indicating potential for diverse applications where waste heat and temperature differentials can be utilized for clean energy [4]
Wedgemount Closes First Tranche of Private Placement and Provides Corporate Update
Thenewswire· 2025-11-05 22:40
Core Points - Wedgemount Resources Corp. has successfully closed the first tranche of its private placement financing, raising gross proceeds of CAD$107,500 from the issuance of 2,150,000 units at a price of CAD$0.05 per unit [1][2] - Each unit consists of one common share and one half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one common share at CAD$0.12 for two years [2] - The company plans to use the net proceeds from the offering for general working capital purposes [4] Financial Details - The first tranche of the offering raised CAD$107,500, which is part of a larger financing plan of up to CAD$500,000 [1][2] - The common shares and warrants issued are subject to a statutory hold period of approximately four months, ending on March 6, 2026 [3] - The company may pay finder's fees of 7% in cash and 7% in warrants to qualified non-related parties for the total proceeds raised [4] Stock Options - The company granted 1,550,000 stock options to directors, officers, and consultants, exercisable for up to three years at a price of CAD$0.05 per share [5]
First Tellurium Engages Marketing Firm
Thenewswire· 2025-11-05 22:30
Core Insights - First Tellurium Corp. has engaged Hillside Consulting and Media Inc. for marketing and distribution services for a two-week period starting November 5, 2025 [1] - The company will pay Hillside a cash fee of $45,000 plus applicable taxes for their services [1] - Hillside will provide digital marketing services including SEO, email and social media marketing, content creation, and ad production to enhance corporate awareness [1] Company Overview - First Tellurium Corp. focuses on generating revenue through mineral discovery, project development, and the development of tellurium-based technologies [2] - The company is listed on the Canadian Securities Exchange under the symbol "FTEL" and on the OTC under the symbol "FSTTF" [2] - Additional information about First Tellurium and its projects can be found on their official website [2]