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Noble Minerals Acquires a Rare Earth Property in Northern Quebec
Thenewswire· 2025-11-05 12:30
Core Insights - Noble Mineral Exploration Inc. has acquired 90 mining claims on a Rare Earth prospect named the Mehmet Property in Northern Quebec, covering approximately 4,465 hectares [1][7] - The Mehmet Property is located about 163 kilometers east of Schefferville and features a circular magnetic structure approximately 10 kilometers across, classified as hyperalkaline rock with associated rare metals [1][5] - The property contains significant mineralization, including high levels of allanite crystals and various other minerals such as apatite, fluorite, and magnetite [1][3] Geological and Mineral Analysis - Rock analyses by the Quebec Government indicate the presence of 2157.1 ppm total rare earth elements, with 114.4 ppm being heavy rare earth elements [3] - Additional mineral concentrations include 2144.6 ppm Zirconium, 392.7 ppm Neodymium, 135.3 ppm Yttrium, 26.1 ppm Thorium, and 71.5 ppm Niobium [3] - The property is situated 65 km southwest of the Crater Lake Property, which has defined rare earth and scandium resources [5][7] Company Overview - Noble Mineral Exploration Inc. is a Canadian junior exploration company with extensive holdings in mineral and exploration rights across various regions, including approximately 70,000 hectares in Northern Ontario and 14,000 hectares in Quebec [9][10] - The company is focused on exploring critical minerals in Canada, as demonstrated by the acquisition of the Mehmet Property [7]
CHARBONE Appoints Patrick Cuddihy as Senior Vice President - Strategic Affairs
Thenewswire· 2025-11-05 12:25
Core Insights - CHARBONE CORPORATION has appointed Mr. Patrick Cuddihy as Senior Vice President – Strategic Affairs, formalizing over fourteen months of collaboration with the CEO [1][2] - Mr. Cuddihy has been instrumental in negotiating a Tier 1 strategic alliance in the United States, marking a significant milestone for the company's international development [2] - His expertise has contributed to diversifying CHARBONE's offerings in clean Ultra High Purity hydrogen and specialty industrial gases, enhancing the company's strategic priorities [3] Company Overview - CHARBONE specializes in clean Ultra High Purity hydrogen and the strategic distribution of industrial gases in North America and Asia-Pacific [6] - The company is building a distributed network of green hydrogen production plants and diversifying revenues through helium and specialty gas partnerships [6] - CHARBONE's disciplined model aims to reduce risk, enhance flexibility, and position the company as a leader in the transition to a low-carbon future [6] Leadership Experience - Mr. Cuddihy brings extensive experience in hydrogen and industrial gas production and distribution management, having held senior leadership roles in a leading industrial gas company [4][5]
Rackla provides Update On Pending Samples from 2025 Drill Program and Regional Geochemical Survey
Thenewswire· 2025-11-05 12:00
Core Insights - Rackla Metals Inc. has reported assay results from the first three drill holes of its 2025 campaign at the BiTe Showing on the Grad Property, with results from an additional seven holes pending [1][2] - The Grad target is a large, altered, and intensely veined intrusive approximately 2 km in diameter, marking the first drill program on the property [2] - The company is also awaiting results from a trenching program at the newly discovered Manta Showing, located 1.5 kilometers south of the BiTe discovery zone, where gold values up to 0.56 ppm and rock samples greater than 1 ounce of gold per ton (31.1 g/t) were reported [3][4] - Rackla Metals has a strong financial position with $10 million in the bank, positioning itself to capitalize on discoveries in western Northwest Territories [5] Exploration and Results - The 2025 drill program consists of 10 holes totaling 4,489 meters, with the first three holes already reported and seven holes representing 3,518 meters still pending [2] - The Manta Intrusion, associated with the Manta Showing, has shown promising gold values and is part of the company's ongoing exploration efforts [3] - The company is committed to maintaining collaborative relationships with local Sahtu Dene and Métis communities as it advances its exploration activities [6] Analytical Procedures - All samples from the 2025 program were processed by ALS Canada Ltd, with sample preparation completed at various facilities depending on workload, and final analyses conducted in North Vancouver [7][8] - The analytical methods used include a four-acid digest with ICP-MS for 48-element analysis and fire assay for gold content [8][10] Company Overview - Rackla Metals Inc. is a junior gold exploration company based in Vancouver, targeting Reduced Intrusion-Related Gold Systems (RIRGS) in the underexplored southeastern part of the Tombstone Gold Belt [12]
Prismo Metals Provided Extensions on Hot Breccia Copper Project
Thenewswire· 2025-11-05 08:30
Core Insights - Prismo Metals Inc. has received an extension from Walnut Mines LLC for certain milestone obligations related to the Hot Breccia Project, providing the company with additional flexibility to assess strategic alternatives and prepare for drilling [1][2][3] Company Developments - The milestone date for completing exploration expenditures of $1,750,000 has been extended from January 31, 2026, to January 31, 2027 [2] - The milestone date for completing exploration expenditures of $2,000,000 has been extended from January 31, 2027, to January 31, 2028 [2] - The final cash payment of $275,000 to Walnut Mines LLC has been extended from January 31, 2026, to July 31, 2026 [2] Project Overview - The Hot Breccia Project is located in Arizona's Copper Belt, an area known for significant porphyry copper deposits [3][11] - Historical drilling in the 1970s by a Rio Tinto subsidiary intersected high-grade copper mineralization at depths of 640 to 830 meters [6][9] - The project area has geological features similar to BHP-Rio Tinto's Resolution copper deposit, which is considered one of the greatest copper discoveries in North America [8] Exploration Potential - Prismo's mineralization model is supported by historical drilling results, geophysical surveys, and an AI study, identifying an anomalous target area measuring 1,100 meters by 1,150 meters [7] - Historical drill holes have shown high-grade skarn mineralization, with notable intersections including 23 meters with 0.54% Cu at 640 meters depth [9] - The project consists of 1,420 hectares in 227 contiguous mining claims, featuring porphyry dikes and breccia pipes with copper-mineralized rock fragments [11][12]
Hill Incorporated Announces Issuance of Failure to File Cease Trade Order
Thenewswire· 2025-11-05 04:45
Core Points - Hill Incorporated has received a failure to file cease trade order (FFCTO) from the Ontario Securities Commission, prohibiting trading of its securities in Canada due to delays in filing annual audited financial statements [1][2] - The delay in filing is attributed to cash collection issues that have led to financial constraints, affecting the completion of the FY 2025 audited financial statements [3] - The FFCTO halts trading of the company's common shares on the TSX Venture Exchange, which was implemented on November 3, 2025, and remains in effect until the filing default is remedied [4] Company Overview - Hill Incorporated, formerly known as Hill Street Beverage Company Inc., is focused on bioscience implementation, aiming to enhance healthier living through innovative cannabis solutions and non-alcoholic beverage products [5] - The company leverages its expertise in consumer packaged goods (CPG) to commercialize advanced technologies, including the use of Lexaria Bioscience Corp's DehydraTECH patent portfolio for product development and sales [5]
CULT Food Science Closes Debt Settlement
Thenewswire· 2025-11-05 00:55
Core Insights - CULT Food Science Corp. has successfully closed a debt settlement agreement to resolve outstanding debts totaling $132,500 [1] - The company will issue 8,833,333 shares at a deemed price of $0.015 per share as part of the settlement [2] - The board of directors believes that completing the debt settlement is in the best interest of the company to preserve cash for working capital [3] Company Overview - CULT Food Science is focused on pioneering the commercialization of lab-grown meat and cellular agriculture to transform the global food industry [4] - The company's investment strategy includes acquiring equity, debt, or other securities of various entities, and providing operational and advisory support to portfolio companies [4] - The objective of the company is to reshape the global food system while enhancing long-term shareholder value through innovation and active stewardship [4]
Metasphere Labs Announces Amended and Restated LIFE Offering Document
Thenewswire· 2025-11-05 00:30
Core Viewpoint - Metasphere Labs Inc. is proceeding with a listed issuer financing exemption offering under amended terms, aiming to raise up to $450,000 through the sale of units priced at $0.09 each [1][2]. Offering Details - The offering will consist of up to 5,000,000 units, each unit comprising one common share and one transferable common share purchase warrant [2]. - Each warrant allows the holder to purchase an additional common share at $0.12, exercisable 61 days post-closing for a period of four years [2]. Regulatory Framework - The offering is conducted under the Listed Issuer Financing Offering as per National Instrument 45-106, ensuring the securities will be freely tradeable for Canadian residents [3]. Use of Proceeds - Proceeds from the offering will be allocated for general working capital purposes, with the offering expected to close around December 1, 2025 [5]. Cancellation of Previous Offering - The company has canceled its previously announced intention to complete a Non-LIFE Offering that was to occur concurrently with the current offering [7]. Future Financing Opportunities - The company anticipates having sufficient funds for operations over the next 12 months but may explore additional financing options to enhance product development and financial flexibility [8]. Company Overview - Metasphere Labs Inc. focuses on integrating blockchain technology into real-world applications, emphasizing environmental sustainability and social impact [9].
Mithril Intercepts High-Grade Silver At Target 5 Returning 1,714 G/T AGEQ (5.8 G/T AU, 1,308 G/T AG) Over 1.0 M At The Copalquin District, Mexico
Thenewswire· 2025-11-04 21:30
Core Insights - Mithril Silver and Gold Limited has reported promising exploration results from its Copalquin property in Durango State, Mexico, highlighting high-grade gold and silver intercepts from its maiden drill program at Target 5 [1][2][4]. Exploration Results - Initial drilling at Target 5 has yielded multiple high-grade intercepts, including 1.00 m at 1,714 g/t AgEq (5.80 g/t gold, 1,308 g/t silver) and 3.35 m at 366 g/t AgEq (1.71 g/t gold, 246 g/t silver) [2][4]. - The first eight of thirteen drill holes have returned reportable mineralization, confirming the potential of Target 5, with only 5% of the mapped and projected veins tested to date [2][3][5]. District Outlook - The company is fully funded to complete 45,000 meters of drilling through the second half of 2026, with plans to add a third drill rig at Target 3 in early 2026 [3][5]. - Ongoing mapping and sampling across multiple targets are advancing the understanding of the district-scale potential of Copalquin, which is characterized by a large epithermal gold-silver system [3][6]. Resource Potential - The Copalquin district contains over 100 historic underground gold-silver mines and workings, with a maiden JORC resource already established at Target 1 [6][29]. - The district is recognized as a significant gold-silver area within the Sierra Madre Gold-Silver Trend, with considerable potential for resource expansion [7][28]. Future Developments - Drilling at the high-grade Tasolera mine area is set to commence, following up on high-grade channel sampling results [5][16]. - The company is advancing Target 3 to drill readiness, with further channel sample results pending [5][6].
BacTech Strengthens Balance Sheet Through Convertible Debenture Restructuring, Reducing Outstanding Debt
Thenewswire· 2025-11-04 15:45
Core Insights - BacTech Environmental Corporation is restructuring an existing convertible debenture to strengthen its balance sheet and support its capital raise for the Ecuador bioleach facility and Zero-Tailings initiatives [1][2] Financial Restructuring - In March 2025, BacTech reached an agreement to potentially eliminate approximately US$1.8 million in convertible debt through a two-tiered conversion structure, simplifying the arrangement to reduce dilution and forgive a substantial portion of the debt [2] - The debenture holder will convert US$950,000 of principal into 19,000,000 common shares and receive 19,000,000 three-year common share purchase warrants, exercisable at US$0.15 per share [5] - The remaining US$850,000 of debt will be forgiven in exchange for a 1% royalty on the Company's projects [5] Company Overview - BacTech Environmental Corporation focuses on commercializing proprietary bio-oxidation (bioleaching) processes for the sustainable treatment of toxic, arsenic-bearing concentrates and mine tailings [3] - The flagship Tenguel–Ponce Enriquez bioleach plant in Ecuador is designed to process high-arsenic gold concentrates while generating strong economic returns and measurable social and environmental benefits [3] - The Company is advancing its Zero-Tailings initiative in Sudbury, Canada, aimed at recovering critical minerals and creating valuable by-products from pyrrhotite tailings [3]
SPARC AI Signs Global Preferred Reseller Agreement with Precision Technic Defense Group
Thenewswire· 2025-11-04 14:30
Core Insights - SPARC AI Inc. has entered into a non-exclusive Preferred Reseller Agreement with Precision Technic Defence Group (PTD) to distribute its advanced defense technologies across Australia, Europe, and the United States [1][2] - This partnership is expected to enhance SPARC AI's global distribution network and leverage PTD's established relationships within the defense sector [2][3] Company Overview - SPARC AI Inc. specializes in developing GPS-free target acquisition and intelligence software for drones and edge devices, focusing on real-time detection and tracking without reliance on traditional sensors [4] - The company's flagship platform aims to provide unmatched situational awareness for defense, rescue, and commercial operators [4] Partnership Significance - The collaboration with PTD, a leader in advanced defense solutions with over 40 years of experience, is seen as a pivotal moment for SPARC AI, potentially accelerating the adoption of its technologies in the defense market [2][3] - By combining SPARC AI's innovative technology with PTD's expertise and customer relationships, both companies aim to enhance their offerings in the defense sector [3]