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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]
Fuse Battery Announces Annual General Special Meeting Results, Subscription Receipt Financing and Update on the Reverse Take Over with Pointor AI
Thenewswire· 2025-12-23 21:30
Core Viewpoint - Fuse Battery Metals Inc. has successfully held its Annual General and Special Meeting, with all resolutions approved by over 99.044% of votes in favor, including the significant Reverse Take Over (RTO) transaction with Pointor AI [1][3]. Group 1: Meeting Resolutions - The following individuals were re-elected as Directors: Tim Fernback, Robert Setter, Ryan Cheung, Chip Richardson, and Andrew Gertler [2]. - SHIM & Associates LLP was re-appointed as the Company’s auditors [3]. - The RTO with Pointor AI was approved, transitioning the Company from a Tier 2 Mining Exploration Company to a Tier 2 Technology Company [3]. Group 2: RTO Transaction Details - Fuse will acquire Pointor AI through the issuance of 50,000,000 common shares at a deemed price of $0.05 per share [7]. - The RTO transaction includes a CAD$2.0 million private placement financing, with shares issued at CAD$0.05 per share [8]. - Performance escrow conditions will apply to the shares issued as part of the transaction, with specific milestones for release [9][10]. Group 3: Financial Overview of Pointor AI - As of September 30, 2025, Pointor AI reported total assets of $7,627 and total liabilities of $32,600, with expenses amounting to $25,073 and a loss per share of $(2.51) [5][6]. Group 4: Management Changes - Following the RTO, Tim Fernback will serve as President and CEO, with Robert Guanzon as CFO and Tina Whyte as Secretary [4]. - New proposed management includes Jessie Johnson as CEO, Tarka L'Herpiniere as CTO, and Oliver Willett as Strategic Advisor, all bringing extensive experience in their respective fields [18][21][24]. Group 5: Use of Funds from Private Placement - The estimated available funds from the private placement will be allocated as follows: CAD$400,000 for Research and Development, CAD$200,000 for Product Marketing and Sales, CAD$400,000 for Management Salaries and G&A, and CAD$150,000 for Legal and Regulatory Expenses [15]. Group 6: Company Background - Fuse Battery Metals Inc. is focused on the exploration of high-value metals essential for battery manufacturing and trades under the symbol FUSE on the TSX Venture Exchange [28].
Mosseau Drill Program Completed: 2025 Programs Reviewed
Thenewswire· 2025-12-23 21:30
Vancouver, British Columbia / December 23, 2025 ‑ TheNewswire - Harvest Gold Corporation (TSXV: HVG) (“Harvest Gold” or the “Company”) is pleased to announce the completion of its maiden drill program on the northern and central areas of Mosseau, its flagship project in Quebec’s Abitibi Urban Barry belt, the home to Gold Field’s Windfall deposit. Further is a summary of the advancements made on Harvest Gold’s district scale land package in 2025.Harvest Gold President and CEO, Rick Mark, states: “Looking ...
Carrier Connect Data Solutions Inc. Announces Closing of Private Placement
Thenewswire· 2025-12-23 21:10
Core Viewpoint - Carrier Connect Data Solutions Inc. has successfully closed a non-brokered private placement, raising approximately $749,999.70 by issuing 833,333 units at a price of $0.90 per unit, with each unit consisting of one common share and one-half of a transferable share purchase warrant [1][2] Group 1: Financial Details - The offering resulted in proceeds of $749,999.70, with each unit priced at $0.90 [1] - Each warrant allows the holder to acquire one additional common share at a price of $1.35 per share until December 23, 2027 [1] - All securities issued are subject to resale restrictions until April 24, 2026 [2] Group 2: Company Overview - Carrier Connect Data Solutions Inc. focuses on rolling up Tier II/III data centers internationally, specializing in co-location and data center solutions for AI companies, service providers, enterprises, and small businesses [4] - The company operates as a carrier-neutral organization, ensuring its systems are independent and owned outright within leased spaces [4] - Principal markets include Vancouver and Ottawa in Canada, and Perth in Australia, serving clients who utilize its facilities as primary or ancillary data centers [4]
Hammond Manufacturing Company Limited Provides Update on Tariff Receivable
Thenewswire· 2025-12-23 18:40
Core Viewpoint - Hammond Manufacturing Company Limited has revised its estimated U.S. tariff receivable from $2,604,000 to nil due to evolving trade uncertainties, which will lower net income by $1,940,000 in the fourth quarter reporting [1]. Group 1 - The company manufactures a wide range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors, and electronic transformers [2]. - The revised tariff receivable relates to an anticipated refund for tariffs paid between March 12, 2025, and June 4, 2025, and does not affect the company's results of operations for subsequent periods [1].
Gold'n Futures Announces Share Consolidation
Thenewswire· 2025-12-23 17:55
Core Viewpoint - Gold'n Futures Mineral Corp. is proceeding with a share consolidation, converting every 100 old common shares into 1 new common share, effective December 30, 2025, following shareholder approval on November 18, 2025 [1][4]. Group 1: Share Consolidation Details - The total number of issued and outstanding common shares will be reduced to approximately 2,363,858 as a result of the consolidation [2]. - No fractional shares will be issued; any fractions will be rounded down to the nearest whole number, and no cash will be provided for fractional shares [2]. - The exercise or conversion price and the number of common shares under the company's outstanding convertible securities will be proportionately adjusted [2]. Group 2: Regulatory and Administrative Actions - The company has applied for new ISIN and CUSIP numbers related to the share consolidation, which will be announced once assigned [3]. - Shareholders of record as of the effective date will receive a letter of transmittal with instructions for exchanging their common shares [3]. Group 3: Strategic Intentions - The company believes that the share consolidation will enhance its attractiveness for financing opportunities and facilitate the restructuring and settlement of certain existing liabilities [4]. - Completion of the share consolidation is subject to appropriate regulatory filings with the Canadian Securities Exchange [4].
[Video Enhanced] Dolly Varden Silver CEO Shawn Khunkhun Delivers Year End Address to Shareholders
Thenewswire· 2025-12-23 14:30
Core Viewpoint - 2025 was a transformative year for Dolly Varden Silver, marked by strategic capital allocation and a focus on growth, resulting in significant value creation for shareholders [1][2]. Financial Performance - Dolly Varden Silver's market capitalization increased from approximately $304 million in 2024 to $590 million in 2025, reflecting a growth of over 93% [4]. - The company raised CAD $63 million in 2025 and ended the year with a cash position exceeding CAD $60 million [4]. - Following the uplisting to the NYSE American on April 21, 2025, the share price appreciated more than 62%, enhancing liquidity and institutional visibility [4]. Strategic Growth Initiatives - The company expanded its land holdings more than six-fold, from approximately 15,000 hectares to over 100,000 hectares, positioning itself as a district-scale silver company [5]. - Strategic acquisitions included properties such as Kinskuch, Theia, and Red Cliff, enhancing the exploration potential in the Golden Triangle [5]. Exploration Achievements - A 56,131-meter drill program was completed, one of the largest in the company's history, yielding high-grade results such as 1,422 g/t silver over 21.70 meters at the Wolf Vein [6][20]. - The exploration results indicate significant mineralization continuity across the district, reinforcing the view that the area remains underexplored [7]. Merger and Future Outlook - A merger with Contango ORE was announced, creating a new North American high-grade silver and gold producer, enhancing growth potential and operational expertise [8][10]. - The combined company will have a market capitalization of approximately US$812 million (C$1.1 billion), improving trading liquidity and institutional ownership [15]. - The 2026 exploration plan aims for resource growth and new discoveries, with ongoing due diligence for further strategic M&A opportunities [10][11].
Primary Endpoint Successfully Achieved in Lexaria's Phase 1b Study GLP-1-H24-4
Thenewswire· 2025-12-23 14:29
Core Insights - Lexaria Bioscience Corp. has successfully achieved its primary endpoint in the Phase 1b study GLP-1-H24-4, demonstrating significant efficacy in reducing unwanted side effects compared to Rybelsus® [2][13] - The company raised a total of $7.5 million through financing activities, which will support new development opportunities throughout 2026 [2][18] - The study results indicate that DehydraTECH-semaglutide reduced overall side effects by 48% and gastrointestinal side effects by 55% compared to Rybelsus® [4][6] Study Results - All four DehydraTECH (DHT) test articles were found to be safe and well-tolerated, meeting the primary endpoint objective [3][13] - The total adverse events (AEs) for DHT-semaglutide were reduced by 47.9% compared to Rybelsus®, with a statistically significant reduction in gastrointestinal AEs [6][10] - The study included 126 participants, focusing on safety and tolerability, with DHT-semaglutide showing the best performance among the tested formulations [19] Efficacy Assessments - The primary efficacy endpoint of HbA1c reduction showed comparable performance between DHT-semaglutide and Rybelsus®, with no statistically significant difference [10][11] - Bodyweight reduction was more pronounced in the Rybelsus® control arm compared to all DHT arms, raising questions about the differing results [11][12] - The study's findings suggest that even small reductions in HbA1c can improve cardiovascular outcomes in overweight or obese individuals [10] Future Directions - Lexaria plans to investigate the DHT-semaglutide formulation further, potentially incorporating salcaprozate sodium (SNAC) in future studies [14][15] - The company aims to relay the study dataset to its pharmaceutical partner under a Material Transfer Agreement, which has been extended to April 30, 2026 [16][17] - Additional non-primary endpoint results are expected to be released soon, providing further insights into the study's findings [20]
Uniserve Closes Acquisition of Business of Megawire Inc.
Thenewswire· 2025-12-23 12:30
Core Viewpoint - Uniserve Communications Corporation has successfully completed the acquisition of Megawire Inc., enhancing its service offerings and expanding its market presence in Canada and the US [1][10]. Acquisition Details - The total purchase price for the acquisition of Megawire was $6,500,000, which included the issuance of 3,431,961 common shares at a price of $0.5828 per share, totaling $2,000,000 [3]. - Uniserve also entered into agreements to acquire Brimax Financial Services Inc. for $2,400,000 in cash and Waterloo Wireless Inc. for $2,100,000 through a convertible note [3][4]. Financial Structure - The acquisition of Brimax involved a cash payment of $2,150,000 to shareholders, with $250,000 held in escrow for potential adjustments [3]. - The convertible note for Waterloo has a three-year term with an annual interest rate of 7%, allowing the noteholder to convert up to 50% of the note value into Uniserve shares [5][6]. Asset Acquisition - The assets acquired from Megawire include all business operations, intellectual property, and approximately $100,000 in inventory, while excluding cash, working capital, and certain liabilities [7]. - Uniserve has committed to offering employment to all Megawire employees under similar terms, recognizing their seniority for future severance [7]. Strategic Impact - The acquisition is expected to enhance Uniserve's service depth and strengthen its data center portfolio, particularly in eastern Canada, supporting the growth of recurring revenue-based services [10]. - The company aims to leverage this acquisition to meet the increasing demand for digital transformation among Canadian businesses [10]. Loan and Financing - Uniserve secured a loan of $2,500,000 from 369 Terminal Holdings Ltd., an insider, to finance part of the acquisitions, with an interest rate of 8% per annum [11][12]. - The loan is considered a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [12]. Management and Operational Agreements - A consulting agreement was established with Emerald Flow Consulting Inc. for management services related to Megawire's business, with a total payment of $225,000 over 12 months [9]. - Uniserve has also signed a 10-year lease for office space in Waterloo, Ontario, with a monthly rent of approximately $31,000 [9].