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Rockland Resources Secures Driller, Arranges Financing
Thenewswire· 2026-01-09 18:35
Core Viewpoint - Rockland Resources Ltd. is advancing its Cole Gold Mines project in Ontario by engaging Chibougamau Drilling for a new drill program and arranging a private placement to fund the initiative [1][3]. Group 1: Drill Program - The initial drill program will consist of approximately 3,000 meters and is expected to commence later this month [2]. - Chibougamau Drilling, based in Red Lake, has extensive experience in the area, having drilled at the successful Great Bear deposit [1]. Group 2: Financing - The company has arranged a non-brokered private placement of up to 12 million units at a price of $0.10 per unit, aiming for aggregate gross proceeds of $1,200,000 [3]. - Each unit will consist of one common share and one transferable share purchase warrant, with the warrant allowing the purchase of one share at an exercise price of $0.15 for a period of 36 months [3]. Group 3: Company Overview - Rockland Resources is focused on mineral exploration and discovery, with its flagship project being the historic Cole Gold Mines project in the Red Lake district [6]. - The company aims to deliver meaningful growth and long-term value to shareholders through disciplined exploration and strategic project development [6].
Enerev5 Metals Inc. Stakes Lithium-Focused Claims in Northeastern Nevada
Thenewswire· 2026-01-09 14:30
Core Viewpoint - Enerev5 Metals Inc. has staked 81 mineral claims in northeastern Nevada, covering approximately 1,680 acres, to advance its lithium exploration strategy in a region known for significant lithium deposits [1][2][4]. Group 1: Company Strategy and Actions - The newly staked claims are strategically located near properties held by Surge Battery Metals Inc. and Peloton Minerals Corp., both of which are actively exploring lithium in the area [2][4]. - Enerev5's claims were staked based on regional prospecting and a review of geological data, with plans for an initial exploration program that may include geological mapping and surface geophysical surveys [3][6]. - The acquisition aligns with the company's strategy to focus on ethically sourced critical battery metals in stable jurisdictions, with Nevada recognized as a leading lithium jurisdiction [4][13]. Group 2: Industry Context - Northern Nevada is home to large sediment-hosted lithium clay deposits, often associated with ancient volcanic systems, which are crucial for lithium extraction [5]. - The region's policy framework aims to establish Nevada as the North American hub for the entire lithium supply chain, supporting clean energy initiatives and economic growth [4][11]. - Surge Battery Metals has reported significant lithium resources in the region, indicating a competitive landscape for lithium exploration [10].
Norsemont Provides 2025 Year-End Update and Appoints New CFO
Thenewswire· 2026-01-09 14:00
Core Viewpoint - Norsemont Mining Inc. has successfully raised $15 million to advance its Choquelimpie project in northern Chile, which has significant gold-silver-copper resources and is positioned for rapid advancement toward production [1][3]. Project Overview - The Choquelimpie project is a past-producing gold-silver mine with a historical heap leach production. The initial mineral resource estimate published on April 14, 2025, includes 2,184,000 indicated gold-equivalent ounces and 557,000 inferred gold-equivalent ounces [2]. - The project benefits from extensive infrastructure, including a 3,000 tonne-per-day mill, power, water, and road access, facilitating its advancement toward production [2]. Development Strategy - Norsemont has a two-pronged development plan focusing on oxide processing and deeper sulfide resource drilling [4]. - The company aims to finalize plans for processing stockpiles and systematically drill to expand both oxide and sulfide resources while exploring copper porphyry potential [5]. Key Achievements in 2025 - The company raised over $22 million from strategic investors to fund drilling, permitting, environmental studies, and metallurgical programs [8]. - An initial mineral resource estimate was published, indicating 1,730,000 gold ounces and 33,233,000 silver ounces in indicated resources, along with 446,000 gold ounces and 7,219,000 silver ounces in inferred resources [8]. - The company expanded its advisory, technical, and management team with key appointments, including David Flint as Chief Geologist and Susan Liddle as General Manager CFO [8]. Upcoming Initiatives - The company plans to commence the 2026 Phase 4 drill program in Q2, focusing on refining and prioritizing drill targets [13]. - Metallurgical samples will be tested, and results are expected to be announced in Q1 [13]. - An updated 43-101 resource estimate and a Preliminary Economic Assessment (PEA) on existing oxide production plans are scheduled for publication in Q4 [13]. Marketing and Investor Relations - Norsemont has entered into service agreements with Native Ads Inc., Street Scope Media LLC, and Goldinvest Consulting GmbH for marketing and promotional services, with budgets of up to $200,000 each [10][14][15]. - These campaigns aim to increase awareness and understanding of the company and its projects through digital media and content distribution [11][14].
Ocumetics Announces Transition of Chief Medical Officer Consulting Role
Thenewswire· 2026-01-09 14:00
Core Insights - Ocumetics Technology Corp. is transitioning from a single Chief Medical Officer (CMO) structure to a multi-member Scientific Advisory Committee (SAC) to enhance its medical and clinical leadership as it prepares for pivotal FDA clinical trials anticipated in 2027 [2][4] - The SAC will consist of internationally recognized experts in ophthalmology, medical research, and lens science, aimed at providing diverse oversight critical for successful clinical trials and commercialization [3][4] - The company is focused on advancing its accommodating intraocular lens technology, which is designed to provide clear vision at all distances without the need for corrective lenses [6] Company Developments - The consulting agreement with the current CMO, Dr. Doyle Stulting, will terminate after a ninety-day transition period [1] - The company will announce the members of the SAC in the coming months, indicating a strategic shift in its leadership structure [4] - Dr. Stulting has significantly contributed to Ocumetics' development, and the company expresses gratitude for his service [5] Product and Technology - Ocumetics is currently in the first-in-human early feasibility study phase for its innovative intraocular lens technology [6] - The intraocular lens developed by Ocumetics is designed to fit within the natural lens compartment of the eye, potentially eliminating the need for glasses or contact lenses [6]
North Atlantic Titanium Announces Upsize of Private Placment Financing
Thenewswire· 2026-01-09 12:30
Core Viewpoint - North Atlantic Titanium Corp. has announced an upsized non-brokered offering due to strong investor demand, aiming for gross proceeds of up to $1,250,000 to fund various initiatives related to the Everett titanium property in Quebec [1][3]. Group 1: Offering Details - The offering consists of up to $750,000 in units priced at $0.06 per unit, each unit comprising one common share and one warrant [1]. - Additionally, the offering includes up to $500,000 in flow-through units priced at $0.08 per unit, each flow-through unit also comprising one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.10 for up to 24 months following the closing of the offering [2]. Group 2: Use of Proceeds - Net proceeds from the sale of units will be allocated for the initial option payment for the Everett titanium property, working capital, and general corporate purposes [3]. - Gross proceeds from the sale of flow-through units will be dedicated to surface exploration, metallurgical testing, and verification of historical exploration work at the Everett property [3]. - The entire gross proceeds from flow-through units will be used for Canadian Exploration Expenses, which must be incurred by December 31, 2026, and renounced to initial purchasers by December 31, 2025 [4]. Group 3: Closing and Regulatory Approval - The final tranche of the offering is expected to close on January 16, 2026, subject to necessary regulatory approvals, including from the Canadian Securities Exchange [5].
MetalQuest Mining Announces Second and Final Tranche Closing
Thenewswire· 2026-01-09 12:15
Core Viewpoint - MetalQuest Mining Inc. has successfully completed a non-brokered private placement financing, raising a total of $1,966,780.20 across two tranches, with strong investor demand noted but no increase in financing to avoid dilution [2][3]. Financing Details - The second tranche involved the issuance of 1,963,760 non-flow-through units at a price of $0.17 per unit, generating gross proceeds of $333,839.20 [1][2]. - The NFT Units consist of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at an exercise price of $0.40 for two years [2]. Regulatory Compliance - The Offering is subject to approval from the TSX Venture Exchange, and all securities issued are subject to a minimum hold period until May 10, 2026, in accordance with Canadian Securities laws [3]. Insider Participation - An existing insider purchased 87,875 NFT Units, classified as a related party transaction, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [4]. - Following the Offering, the insider, Harry Barr, controls approximately 38.46% of the company's outstanding common shares on a post-offering basis [7]. Project Development - MetalQuest Mining owns 100% of the Lac Otelnuk Iron Project, one of the largest iron projects in North America, with approximately $120 million already invested in the project [10][11]. - The company is collaborating with the Naskapi First Nation and has engaged AtkinsRéalis for a comprehensive analysis of the historic feasibility study to align it with current market conditions and standards [11]. Future Plans - Initial work at the Superior Iron Project is planned for Winter/Spring 2026, focusing on geological surveys and environmental studies to refine exploration targets [12]. Additional Holdings - The company also holds approximately 1.8 million shares and 2.5 million warrants of Canadian Copper Inc., along with two NSR royalties in the Murray Brook deposit [13][14].
Prismo Metals to Increase Hot Breccia Interest to 95%, Secures Option for Full Control
Thenewswire· 2026-01-09 08:30
Core Viewpoint - Prismo Metals Inc. has entered an agreement to increase its interest in the Hot Breccia copper project from 75% to 95%, with an option to acquire the remaining 5%, enhancing its strategic flexibility and funding capabilities for future drilling [1][2]. Group 1: Transaction Details - Prismo will pay CA $185,000 to acquire an additional 20% interest in the Hot Breccia project and assume obligations to issue shares valued at approximately CA $54,000 to Walnut Mines LLC [2]. - The transaction is expected to close around January 16th, 2025, and will be funded through a third party, preserving the company's working capital for other projects [2]. Group 2: Project Significance - The Hot Breccia project is located in Arizona's Copper Belt, which contains several significant porphyry copper deposits, indicating a promising exploration environment [3]. - Historical drilling has shown high-grade copper mineralization at depths of 640 to 830 meters, suggesting the potential for a large mineralized system [4][6]. Group 3: Exploration Potential - Prismo's exploration model is supported by historical drilling results, geophysical surveys, and a recent AI study, identifying an anomalous target area measuring 1,100 meters by 1,150 meters [5]. - The project area shares geological features with notable deposits like BHP-Rio Tinto's Resolution copper deposit, enhancing its exploration appeal [6]. Group 4: Historical Context - Previous drilling by a Rio Tinto subsidiary intersected high-grade mineralization, with notable intercepts including 23 meters at 0.54% Cu and 18 meters at 1.4% Cu [6]. - The mineralization is associated with altered Paleozoic carbonate rocks, similar to those hosting high-grade copper at nearby mines [8].
Grant Options
Thenewswire· 2026-01-09 02:15
Core Points - First Canadian Graphite Inc. has announced the granting of stock options to board members, management, and consultants as part of a long-term incentive program under the 2025 Omnibus Share Incentive Plan [1][3] - The company has approved the grant of 1,250,000 stock options with a five-year term at an exercise price of $0.30, which will have a required hold period of four months plus one day [2] - The objective of the 2025 Omnibus Equity Incentive Plan is to align incentive compensation with the company's long-term goals [3] Company Overview - First Canadian Graphite is managed by a team with over 150 years of collective experience in finding, building, and operating mines, with a recent success in discovering the Berkwood graphite resource in Northern Quebec [4] - The company fully owns the Berkwood graphite asset, which is expected to benefit shareholders as demand for graphite for electric vehicles increases significantly [4]
Neurothera Labs Announces Results of AGM
Thenewswire· 2026-01-08 23:00
Core Points - Neurothera Labs Inc. held its annual and special meeting of shareholders on January 8, 2026, where key decisions were made regarding the company's governance and future plans [1] Group 1: Shareholder Decisions - All nominee directors listed in the management information circular dated December 4, 2025, were elected as directors [2] - Shareholders voted to appoint Dale Matheson Carr-Hilton Labonte LLP as auditors for the upcoming year and authorized the directors to fix their remuneration [2] - A consolidation of common shares was authorized, allowing for a potential consolidation of one post-consolidation share for up to one hundred pre-consolidation shares, subject to the directors' discretion and market conditions [3] - The adoption of a 20% fixed equity incentive plan was approved, pending final approval from the TSX Venture Exchange [4] Group 2: Company Overview - Neurothera Labs Inc. is a clinical-stage pharmaceutical company focused on developing novel therapeutics for central nervous system disorders and other underserved health conditions through collaborations and innovative combinations [5]
Clean Seed Capital Group Announces Results of Annual General Meeting
Thenewswire· 2026-01-08 22:00
Core Points - Clean Seed Capital Group Ltd. held its annual general meeting on January 7, 2026, where key decisions were made regarding the company's governance and financial strategies [1] Group 1: Election of Directors - Graeme Lempriere, Gary Anderson, Glenn Gatcliffe, and Dr. Ulrich Trogele were re-elected as directors of the company [2] Group 2: Appointment of Auditor - MNP LLP was reaffirmed as the auditor for the company for the upcoming year [3] Group 3: Equity Incentive Plan - A new equity incentive plan was approved, allowing the company to grant stock options up to 10% of its issued and outstanding shares and other equity awards capped at 11,154,127 shares [4][5] Group 4: New Control Person - The company announced a shares-for-debt transaction totaling $1,000,000 with insider Jason Schultz, who will receive 5,500,000 shares, resulting in him holding over 20% of the outstanding shares on a partially diluted basis [6][8] Group 5: Shares for Debt - The issuance of 5,500,000 common shares to settle non-cash debts related to lease, equipment rental costs, and advisory fees was approved by disinterested shareholders [9][10] Group 6: Company Overview - Clean Seed is an agricultural technology company focused on the commercialization of its SMART Seeder™ technologies, which aim to reduce fertilizer usage while enhancing crop performance [11][12]