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Infinitum Announces Resignation of Michael Wood and Appointment of Ikay Deol as CFO
Thenewswire· 2025-12-24 21:45
Core Viewpoint - Infinitum Copper Corp. has appointed Ikavinder (Ikay) Deol as the new Chief Financial Officer and Corporate Secretary, effective December 23, 2025, following the resignation of Michael Wood [1][2]. Company Leadership Changes - Ikavinder Deol is a Chartered Professional Accountant with experience in providing accounting, financial reporting, and regulatory compliance services for publicly listed junior mining companies [2]. - The company expresses gratitude to Michael Wood for his contributions and wishes him success in future endeavors [2]. Company Overview - Infinitum Copper is advancing the La Adelita project, where it holds an 80% interest. This project is a high-grade copper-silver-gold deposit located in the mineralized districts of Sonora and Sinaloa states in Mexico [5]. - The company also has an option to earn a 25% interest in the Hot Breccia project, located in the Arizona Copper Belt, which is prospective for porphyry copper and copper skarn mineralization [6].
Lexston Mining Corporation Announces Private Placement
Thenewswire· 2025-12-24 17:15
Group 1 - Lexston Mining Corporation is conducting a non-brokered private placement to raise gross proceeds of up to $500,000 by issuing up to 6,250,000 units at a price of $0.08 per unit, with each unit consisting of one common share and one common share purchase warrant [1][2] - The proceeds from the private placement will be used for general working capital purposes and exploration expenditures, with participation from certain directors and officers of the company [2] - The securities issued in connection with the private placement are subject to filing requirements and acceptance by the Canadian Securities Exchange, and will have a four-month statutory hold period after closing [2] Group 2 - Lexston Mining Corporation is a Canadian mineral exploration company focused on acquiring and developing mineral projects to enhance value for stakeholders, with current projects located in British Columbia and Nevada [3] - The company trades on the OTCQB Venture Market, which serves early-stage and developing companies, ensuring current reporting and undergoing annual verification processes [4]
Norsemont Closes Financing for a Total of $15MM with Increased Support from Crescat and Strategic Investors
Thenewswire· 2025-12-24 04:00
Core Viewpoint - Norsemont Mining Inc. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of US$10,929,000 through the issuance of convertible debentures and warrants, which will be utilized for working capital and the advancement of the Choquelimpie project [1][3][4]. Financing Details - The second tranche involved the issuance of US$3,400,000 in convertible debentures and 2,726,800 warrants, contributing to the overall gross proceeds of US$10,929,000 [2]. - Each convertible debenture unit consists of a US$1,000 principal amount convertible debenture and 802 transferable common share purchase warrants, with a conversion price of C$0.86 per share and a warrant exercise price of C$1.00 per share [4]. Project Development - The proceeds from the offering are earmarked for general working capital, mineral exploration, and the development of the Choquelimpie gold-silver-copper project, which has significant existing infrastructure and a substantial mineral resource estimate [3][10]. - The Choquelimpie project has an indicated mineral resource of 1,731,000 gold ounces and 33,233,000 silver ounces, along with an inferred resource of 446,000 gold ounces and 7,219,000 silver ounces [10]. Shareholder Support - The CEO of Norsemont Mining expressed gratitude for Crescat's increased ownership and the support from other strategic shareholders, indicating a positive outlook for collaboration in advancing the Choquelimpie project [3]. Securities Information - All securities issued in connection with the offering are subject to a restricted period of four months and one day from the closing date [6].
Cascade Copper Closes Final Tranche of Oversubscribed Private Placement
Thenewswire· 2025-12-24 03:00
Core Viewpoint - Cascade Copper Corp. has successfully closed the final tranche of its non-brokered private placement, raising a total of $659,728 (CDN) through the issuance of units [1] Group 1: Offering Details - The Offering included 8,462,500 Critical Minerals Flow-Through units at a price of $0.04 each and 8,923,002 Non-Flow-Through Units at a price of $0.036 each [2] - Each unit consists of one common share and one-half common share purchase warrant, with each full warrant exercisable at $0.05 for 36 months from the closing date [2] - The Offering is subject to regulatory approvals, including acceptance from the Canadian Securities Exchange, and all securities issued will have a four-month hold period [3][6] Group 2: Use of Proceeds - Proceeds from the sale of Flow-Through Shares will primarily fund eligible Critical Mineral Canadian Exploration Expenses and exploration programs in Ontario and British Columbia [5] - Proceeds from Non-Flow-Through shares will be allocated for the general working capital of the Company [5] Group 3: Insider Participation - The Offering included participation from insiders, which is classified as a related party transaction under Multilateral Instrument 61-101 [4] - The Company is relying on exemptions from valuation requirements and minority approval as the value of the subscribed Units does not exceed 25% of the Company's market capitalization [4] Group 4: Company Overview - Cascade Copper is an exploration stage natural resource company focused on the evaluation, acquisition, and exploration of copper-based mineral resource properties [8] - The Company is engaged in exploring copper and gold deposits in British Columbia and Ontario, utilizing modern technology for exploration [8] - Cascade has five projects, including the Copper Plateau Copper-Moly Project and the Centrefire Copper Project, with drilling planned for several projects this year [8]
Arcus Announces Effective Date of Share Consolidation and Closing of Financing
Thenewswire· 2025-12-24 01:15
Core Viewpoint - Arcus Development Group Inc. will consolidate its shares on a 1-for-10 basis effective December 30, 2025, reducing the total shares from 73,878,065 to 7,387,807 before financing [1][2] Share Consolidation - The consolidation will result in 13,221,140 shares issued and outstanding post-financing, with no fractional shares issued [2] - Fractional shares will be rounded down if less than 0.5 and rounded up if 0.5 or more [2][3] Financing Details - The company has announced two non-brokered private placements with total gross proceeds of $1,650,000, expected to close on December 30, 2025 [4] - The first financing involves 2,000,000 post-consolidation units at $0.25 per unit, raising $500,000 [5] - The second financing includes 3,833,333 post-consolidation units at $0.30 per unit, raising $1,150,000 [6] Use of Proceeds - Net proceeds from the financing will be used for general working capital and to fund the Touleary project in the White Gold District of Yukon Territory [8] Securities Regulation - Securities issued in connection with the financing will not be registered under the U.S. Securities Act and cannot be offered or sold in the U.S. unless registered or exempt [9]
Muzhu Mining Announces Closing Of Oversubscribed Second Tranche Of Financing
Thenewswire· 2025-12-24 00:09
Core Viewpoint - Muzhu Mining Ltd. has successfully closed the second tranche of its non-brokered offering, raising a total of $250,000, contributing to an aggregate of $500,000 raised from both tranches of the offering [1][2]. Group 1: Offering Details - The offering aims to raise up to $1,000,000, consisting of two components: up to $500,000 in units at $0.06 per unit and up to $500,000 in flow-through units at $0.08 per unit [2]. - Each unit consists of one common share and one warrant, while each flow-through unit includes one common share qualifying as "flow-through shares" and one warrant [2]. - The warrants allow holders to purchase one common share at an exercise price of $0.10 for up to 24 months following the closing of the offering [3]. Group 2: Use of Proceeds - Net proceeds from the sale of units will fund the initial option payment for the Everett titanium property, working capital, and general corporate purposes [4]. - Gross proceeds from the sale of flow-through units will be allocated for surface exploration, metallurgical testing, and verification of historical exploration work at the Everett Property [4]. - The entire gross proceeds from the flow-through units will be used for Canadian Exploration Expenses, which must be incurred by December 31, 2026, and renounced by December 31, 2025 [5]. Group 3: Future Plans - A final tranche of the offering is expected to close in January 2026, subject to regulatory approvals [6]. - The company paid $10,000 in finder's fees and issued 125,000 finder's warrants in connection with the second tranche [7].
First Canadian Graphite Inc. Closes Financing
Thenewswire· 2025-12-23 23:50
Core Viewpoint - First Canadian Graphite Inc. is closing a financing round of $719,449.95, consisting of 4,796,333 units priced at $0.15 each, with each unit including one common share and one warrant exercisable at $0.20 for two years [1][2]. Financing Details - The gross proceeds from the financing will be allocated for general working capital, although the Board may reallocate funds for sound business reasons [2]. - A finder's fee of $30,838.5 will be paid, along with a finder's warrant allowing the purchase of up to 186,550 shares at $0.20 for two years [3]. - The closing of the financing is contingent upon receiving all necessary regulatory approvals, including from the TSX Venture Exchange [4]. Insider Participation - Three insiders subscribed for a total of 260,000 units, which qualifies as a "related party transaction" under Multilateral Instrument 61-101, but is exempt from formal valuation and minority shareholder approval requirements [5]. Company Overview - First Canadian Graphite is managed by a team with over 150 years of collective experience in mining, with a recent success in discovering the Berkwood graphite resource in Northern Quebec, which the company owns 100% [6]. - The demand for graphite is expected to increase significantly due to its use in electric vehicles, benefiting the company's shareholders [6].
Corporate Matters - Update
Thenewswire· 2025-12-23 23:50
Core Points - First Canadian Graphite Inc. held its annual and special general meeting on December 9, 2025, with 5,212,511 common shares represented, approximately 20.37% of the outstanding shares [1] Group 1: Number of Directors - Shareholders approved the number of directors to be set at four, with 5,185,929 votes (99.49%) in favor and 26,582 votes (0.51%) against [2] Group 2: Election of Directors - Thomas Yingling, Brijender (Binny) Jassal, and Florent Baril were elected as directors, each receiving over 99% of votes in favor, while Charn Deol did not stand for re-election [3] Group 3: Appointment of Auditor - Smythe LLP was appointed as the auditor of the Company, with 5,179,791 votes (99.37%) in favor and 32,720 votes (0.63%) withheld or abstained [4] Group 4: Approval of Share Incentive Plan - The 2025 Omnibus Share Incentive Plan was approved with 3,353,710 votes (98.58%) in favor and 48,349 votes (1.42%) against [5] Group 5: Re-pricing of Options - The re-pricing of outstanding eligible options was approved with 3,349,545 votes (98.46%) in favor and 52,514 votes (1.54%) against, amending the exercise price to $0.18 [6] Group 6: Company Overview - First Canadian Graphite is managed by a team with over 150 years of collective experience in mining, with a recent success in discovering the Berkwood graphite resource in Northern Quebec, which the Company owns 100% [7]
Wedgemount Provides Update on Interest Settlement
Thenewswire· 2025-12-23 22:30
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION, DISSEMINATION, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATESVancouver, BC – December 23, 2025 – TheNewswire - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) (“Wedgemount” or the “Company”), announces that it has closed its offer to settle a portion of outstanding interest owing to holders of its principal amount $2,599,000, 10% unsecured convertible debentures (the “Debentures”) issued durin ...
Prismo Metals Announces Security Based Compensation Grants
Thenewswire· 2025-12-23 21:40
Group 1 - Prismo Metals Inc. has granted a total of 925,000 stock options to certain directors and officers, each exercisable at an exercise price of $0.12 for a period of five years, subject to vesting conditions [1] - Additionally, the company has granted 250,000 stock options to certain consultants at the same exercise price with a three-year term, along with 250,000 restricted share units that will vest in stages [1] Group 2 - Prismo Metals Inc. is focused on mining exploration, specifically on three silver projects (Palos Verdes, Silver King, and Ripsey) and one copper project (Hot Breccia) located in Arizona [2]