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Ares Strategic Mining Completes Secondary Ventilation System at its Mine, Clearing Path for Industrial-Scale Mining
Thenewswire· 2025-11-03 11:30
Core Insights - Ares Strategic Mining Inc. has successfully completed and activated its secondary underground ventilation system at the Lost Sheep Fluorspar Mine, enabling the company to commence industrial-scale mining operations in compliance with MSHA standards [1][6]. Infrastructure Development - The secondary ventilation system includes a 75-horsepower, 30-inch diameter fan that generates a minimum of 30,000 cubic feet per minute (CFM) of fresh airflow, ensuring a safe operating environment [5]. - The fan was custom-built by ABC Ventilation Systems and installed along a dedicated ventilation raise that also serves as a second egress pathway, meeting MSHA's redundancy and safety requirements [5]. - The completion of the ventilation system finalizes all critical underground infrastructure required for continuous mining operations at scale [6]. Production Readiness - With the ventilation system operational, the company is cleared to begin ore extraction at industrial levels, supporting near-term stockpiling and processing targets [7]. - Ares is positioned uniquely as the only permitted and operational fluorspar mine in the United States, which is critical for supporting North American industrial supply chains and reducing dependence on foreign sources [7]. Financial Developments - Ares has settled an aggregate of $64,901.13 of debt incurred for accounting and financial services by issuing 150,933 common shares at a deemed price of $0.43 per share [8]. Project Overview - The Lost Sheep Fluorspar Project encompasses 5,982 acres with 353 claims, located in Juab County, Utah, approximately 214 km south-west of Salt Lake City [14]. - The project is fully permitted, including mining permits, and has been identified to contain extensive high-grade fluorspar with low levels of impurities [14].
Headwater Gold Geophysical Survey Delineates Prospective Fault Corridor on the Spring Peak and Lodestar Projects, Nevada
Thenewswire· 2025-11-03 11:30
Core Insights - Headwater Gold Inc. has announced significant findings from a gravity geophysics survey on its Spring Peak and Lodestar projects in Nevada, revealing extensive untested potential for gold mineralization [1][2][3] Spring Peak-Lodestar Gravity Survey - The gravity survey covered approximately 200 square kilometers with 2,336 ground stations, successfully outlining major geological features [2][3] - The survey identified a deep-seated fault system along the Bear Fault corridor, extending over 12 kilometers, which is significantly larger than previously known [4][5] - The survey's findings suggest that the Bear Fault corridor has substantial untested potential for high-grade epithermal veins, particularly in the Disco Zone and Doug target areas [4][6] Untested Potential - The Bear Fault corridor remains largely untested beyond the Disco Zone, presenting opportunities for new discoveries similar to recent significant finds in Nevada [4][6] - The Zodiac target on the Lodestar project and the Doug target at Spring Peak show strong structural alignment in the gravity data, indicating potential for high-grade mineralization [4][7] Implications for Exploration - The gravity survey has refined regional targeting along the Bear Fault, highlighting blind opportunities for exploration under volcanic cover [10] - Additional exploration programs are planned to further investigate vein targets identified by the gravity survey, utilizing advanced geophysical techniques [10] About the Projects - The Spring Peak project is located in the Aurora Mining District and has confirmed high-grade gold mineralization, with significant drill results reported [11] - The Lodestar project, situated near the Spring Peak project, has initiated its first significant exploration program since 1988, indicating potential for high-grade epithermal veins [12][13]
Hi-View Corporate Update
Thenewswire· 2025-11-01 03:00
Core Points - Hi-View Resources Inc. announced the resignation of Howard Milne as President and Director, effective October 31, 2025 [1] - R. Nick Horsley, CEO of Hi-View, expressed gratitude for Howard Milne's contributions during his tenure [1] Company Overview - Hi-View Resources Inc. is a publicly listed mineral exploration company on the Canadian Securities Exchange, focusing on gold, silver, and copper assets in the Toodoggone region of northern British Columbia [2] - The company holds a portfolio covering over 27,791 hectares, including high-priority projects such as the Golden Stranger Project, Lawyers claims, and Borealis Project [2] - Additional properties under option include Saunders, Northern Claims, Nub, and Harmon Peak, with an extra 1,300 hectares currently under mineral claim application [2]
Bitcoin Well Announces Extension Of Private Placement Offering And Anticipated Second Tranche
Thenewswire· 2025-10-31 22:30
Core Insights - Bitcoin Well Inc. has received a thirty-day extension from the TSX Venture Exchange to complete its private placement of units at a price of C$0.102 per unit [1] - The company plans to close a second tranche of the offering on or before November 28, 2025, with proceeds aimed at enhancing its Bitcoin treasury, working capital, and general corporate purposes [2] Company Overview - Bitcoin Well is focused on making Bitcoin accessible to everyday users, providing modern banking conveniences alongside the benefits of Bitcoin [4] - The company operates Bitcoin ATMs and an online Bitcoin portal, which generate cash flow to support its mission [4]
Credissential Announces Closing Of Final Tranche Of Convertible Note Financing
Thenewswire· 2025-10-31 22:00
Core Points - Credissential Inc. has successfully closed the final tranche of its convertible note offering, raising gross proceeds of CAD 150,000 [1] - The convertible notes carry an interest rate of 20% per annum and have a maturity date of twelve months from issuance [2] - The notes are convertible into common shares at a price equal to 100% of the closing price on the Canadian Securities Exchange, with a minimum conversion price of CAD 0.05 per share [2] - The notes rank as senior unsecured obligations, on par with existing senior unsecured debt, and are junior to secured debt [3] - The company has the option to redeem the notes prior to maturity at 110% of the principal amount, with a ten trading days' notice [4] - There is a 9.99% ownership limitation on the notes, preventing holders from owning more than this percentage of the company's common shares post-conversion [5] - Proceeds from the offering will be used to repay debts and for working capital [6] - The securities issued comply with ASC Rule 72-501 and are not subject to a hold period [7] Company Overview - Credissential is an AI-powered financial services software developer [8]
SPARC AI Unveils ATLAS -- A Breakthrough in Mapping and Visibility Intelligence
Thenewswire· 2025-10-31 13:30
Core Insights - SPARC AI Inc. has launched ATLAS, a new module within its Overwatch platform that enhances mission planning, reconnaissance, and situational awareness without the need for traditional sensors [1][2] - ATLAS utilizes advanced mathematical modeling and terrain-aware computation to provide visibility mapping purely through software, eliminating the need for expensive and detectable active sensors [2][3] Technology and Features - ATLAS extends SPARC AI's existing software algorithms, allowing operators to visualize flight paths, calculate visibility zones, and assess line-of-sight coverage in real time while maintaining a zero-signature footprint [1][4] - The system is designed to be lightweight, silent, and cost-effective, significantly reducing payload weight, power consumption, and mission complexity [3][5] - It enables defense applications by allowing commanders to analyze terrain and identify hidden positions without exposing their presence through active sensing [3][4] Operational Advantages - The zero-signature technology of ATLAS provides real-time detection, tracking, and behavioral insights without reliance on radar, lidar, or heavy sensors, thus empowering defense, security, and commercial operators [6][7] - ATLAS allows for the simulation of line-of-sight and visibility coverage from any altitude or flight path, optimizing routes for various operations such as surveillance and search and rescue [6][7]
Critical Infrastructure Technologies to Commence Trading on the OTCQB Venture Market and Engages Native Ads to Expand U.S. Investor Awareness
Thenewswire· 2025-10-31 13:00
Core Insights - Critical Infrastructure Technologies Ltd. (CiTech) has commenced trading on the OTCQB Venture Market in the U.S. under the symbol CITLF, marking a significant milestone for the company [2][5] - The OTCQB listing enhances visibility, liquidity, and access to U.S. investors, allowing them to trade CiTech shares in U.S. dollars [5][7] - CiTech has partnered with Native Ads, Inc. to improve brand awareness and market reach across North America, focusing on investor marketing [4][7] Company Overview - CiTech is a developer of autonomous, high-capacity mobile communications and security platforms, targeting sectors such as mining, defense, border security, and emergency services [10] - The company's first product, the Nexus 16, aims to provide critical mobile telecommunications using patented self-deploying platform (SDP) technology [10] - CiTech has completed the research and development phase and is currently commercializing its first product, with plans for further releases [10] Market Strategy - The listing on the OTCQB complements CiTech's broader North American strategy, aimed at expanding its global investor base [5][7] - Native Ads will implement a comprehensive digital media and distribution campaign to enhance investor understanding of CiTech's technology and growth strategy [7][8] - The OTCQB Venture Market is recognized for its commitment to transparency and high governance standards, which aligns with CiTech's objectives [3][8]
Eastfield Resources Ltd. Reviews Corporate And Project Developments
Thenewswire· 2025-10-31 13:00
Core Insights - Eastfield Resources Ltd. is actively engaged in exploration activities focused on precious and base metals in Western Canada and the Western United States, holding five copper- and/or gold-focused projects in British Columbia [2][3]. Company Overview - Eastfield Resources Ltd. is a Tier 1 issuer on the TSX Venture Exchange, having traded continuously since 1987 without interruption or share consolidation [2]. - The principal asset is the 100%-owned Zymo Copper-Gold Porphyry Project, covering 18,184 hectares near Smithers, British Columbia [3]. Exploration Activities - The Zymo project has seen over $4.9 million in exploration expenditures, with significant geological features including an 8+ km by 2 km induced polarization (IP) anomaly indicating a copper-gold porphyry system [3][4]. - Five mineralized zones have been identified, with notable drill results including up to 10.78 g/t Au and several percent lead and zinc [4]. - A five-year exploration permit was granted in December 2024, allowing for 50 drill sites and 50 km of geophysical surveying, with a 2025 field program currently underway [5]. Financial Update - In September 2025, Eastfield completed a private placement financing of $1.0 million, enhancing the company's treasury for future exploration [6].
Quantum Joins the Critical Minerals Institute (CMI)
Thenewswire· 2025-10-31 13:00
Core Insights - Quantum Critical Metals Corp. has been approved as a member of the Critical Minerals Institute (CMI), enhancing its role in the North American critical minerals supply chain [1][2] - The partnership aims to support the clean energy transition, address supply chain vulnerabilities, and strengthen national security, aligning with Quantum's strategic goals [2] - CMI serves as a global think tank and industry hub, providing resources and insights for the critical mineral sector, and will host Quantum's CEO as a featured speaker at an upcoming summit [2][4] Company Overview - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects essential for next-generation technologies [4] - The company has a diverse portfolio of assets, including projects in gallium, rubidium, cesium, antimony, and germanium, strategically positioned to support the transition to a sustainable critical metals supply [4] Industry Context - The Critical Minerals Institute (CMI) connects companies, capital markets, and policymakers, offering actionable intelligence on exploration finance and geopolitics [2] - CMI's initiatives reflect the growing importance of critical minerals in geopolitical power dynamics and supply chains, particularly in clean energy [2]
JZR Gold Announces Full Exercise of Warrants for Proceeds of $1.6 Million
Thenewswire· 2025-10-31 13:00
Core Points - JZR Gold Inc. has raised a total of $1,600,000 from the exercise of 4,000,000 share purchase warrants over the past week [1] - The warrants were issued in connection with a private placement that closed in October 2023, with each warrant exercised at a price of $0.40 per share [1] - The proceeds from the exercise of the warrants will be utilized for general working capital purposes [1]