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Norsemont Announces First Tranche Closing of Convertible Debenture Financing
Thenewswire· 2025-12-22 01:10
Core Viewpoint - Norsemont Mining Inc. has successfully closed the first tranche of its non-brokered private placement, raising US$7,529,000 (approximately CAD$10,375,715) through the issuance of unsecured convertible debenture units and warrants, which will support its upcoming drill program and production strategy for the Choquelimpie project [1][2]. Financing Details - The first tranche of the Offering involved the issuance of US$7,529,000 in principal amount of Convertible Debentures and 6,035,258 Warrants, resulting in total gross proceeds of US$7,529,000 (approximately CAD$10,375,715) [1]. - The terms of the Offering have been amended to allow for gross proceeds of up to US$10,000,000 (approximately CAD$13,794,400), with a 30% over-allotment option [2]. Use of Proceeds - Proceeds from the Offering are intended for general working capital, mineral exploration, and advancing the Choquelimpie gold-silver-copper project [3]. Convertible Debenture Unit Structure - Each Convertible Debenture Unit consists of one convertible debenture with a principal amount of US$1,000, convertible into common shares at a price of CAD$0.86, and includes 802 transferable common share purchase warrants, each allowing the purchase of one common share at CAD$1.00 for three years [4]. - The Convertible Debentures carry an interest rate of 5.25% per annum and have a maturity date of three years from the closing date [4]. Project Overview - Norsemont Mining owns a 100% interest in the Choquelimpie project, which has an indicated mineral resource estimate of 1,731,000 gold ounces and 33,233,000 silver ounces, along with an inferred mineral resource of 446,000 gold ounces and 7,219,000 silver ounces [10]. - The Choquelimpie project is a past-producing mine with significant existing infrastructure, including roads, power, water, camp, and a 3,000-tonne-per-day mill [10].
Plaid Grants Incentive Stock Options
Thenewswire· 2025-12-20 00:00
Company Overview - Plaid Technologies Inc. is focused on commercializing advanced graphene-enhanced materials aimed at improving performance in established markets such as construction, energy, and industrial manufacturing [3][4] - The company's technology enhances existing materials and workflows, facilitating rapid adoption and aligning with sustainability and decarbonization goals [3] Product and Market Focus - The core product is a proprietary graphene-infused concrete formulation that significantly enhances strength, durability, and long-term performance [4] - Initial commercial efforts are concentrated on wellbore cement and subsurface integrity solutions, addressing a regulated market with clear pain points and a strong willingness to pay [5] Market Opportunity - In the U.S., over 4.5 million orphaned and abandoned wells require permanent remediation, representing a potential demand of up to $100 billion for graphene-reinforced concrete [6] - This substantial and non-cyclical addressable market provides a solid foundation for early revenue while allowing the company to expand into adjacent construction and industrial applications, creating a scalable growth platform with long-term potential [6] Stock Options Grant - The company has granted 4,975,000 stock options to directors, officers, and consultants as part of its long-term incentive plan, which was approved by shareholders [1] - Each option is exercisable at a price of $0.30 per share for four years and vests quarterly over twelve months, with shares subject to a four-month hold period [2]
Panther Minerals Announces Appointment of Peter Rhodes to the Board of Directors
Thenewswire· 2025-12-19 23:30
Core Viewpoint - Panther Minerals Inc. has appointed Mr. Peter Rhodes as a director, bringing over 20 years of experience in resource investment and capital markets to the company [1][2][4]. Company Developments - Mr. Rhodes is a Chartered Accountant and mining financier with a background in audit and advisory services from Ernst & Young [2]. - He co-founded Alliance Critical Materials, focusing on institutional investment strategies for critical mineral supply chains in Europe [3]. - Mr. Rhodes has raised over US$400 million across various sectors, including mining and energy [3]. - The company acknowledges that Mr. Rhodes' expertise will support its strategic objectives [4]. Board Changes - Mr. J. Casey Forward has resigned as a director, effective December 19, 2025, and the company expresses gratitude for his contributions [5]. Market Engagement - Panther Minerals has entered into a market-making agreement with Independent Trading Group Inc. for an initial term of one month, with a fee of $5,000 for this period and $10,000 for each subsequent month [6].
San Lorenzo Gold Announces First Closing Of Private Placement
Thenewswire· 2025-12-19 23:25
Core Insights - San Lorenzo Gold Corp. has received conditional approval for a non-brokered best-efforts private placement of Units from the TSX Venture Exchange, with the first closing completed on December 19, 2025, involving the issuance of 4,110,226 Units for gross proceeds of $2,548,340.12 [1] - Each Unit consists of one common share and one half of a purchase warrant, with full Warrants allowing the purchase of additional Common Shares at $0.80 for two years [1] - The company has received subscription agreements exceeding the increased maximum of $5,000,000 and anticipates closing on those additional subscriptions [2] Financial Details - The First Closing resulted in gross proceeds of $2,548,340.12, with cash commissions totaling $81,329.95 and the issuance of 131,177 broker warrants [1] - Each broker warrant allows the holder to acquire a Common Share at a price of $0.80 for one year from the Closing Date [1] Company Focus - San Lorenzo is advancing its flagship Salvadora property located in Chile's mega-porphyry belt, with prior drilling results indicating significant gold and copper enriched systems [2]
Nord Precious Metals Closes First Tranche of Critical Mineral Flow-Through Unit Non-Brokered Private Placement
Thenewswire· 2025-12-19 22:50
Core Viewpoint - Nord Precious Metals Mining Inc. has successfully closed the first tranche of a non-brokered flow-through unit private placement financing, raising gross proceeds of $2,206,500 by issuing 8,826,000 units at a price of $0.25 per unit, with plans to issue an additional 7,174,000 units for up to $1,793,500 before the end of 2025, pending final acceptance from the TSX Venture Exchange [1][7]. Financing Details - Each flow-through unit consists of one common share and one half of a share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.28 for two years from closing [2]. - An acceleration clause in the warrants allows for early expiration if the daily volume weighted average trading price exceeds $0.36 for ten consecutive trading days [3]. - The company will pay an engagement fee of $25,000 and issue 100,000 common shares to Research Capital Corporation as part of the financing arrangement [4]. - The company will also issue non-transferable warrants to the finder, allowing the purchase of up to 706,080 common shares at $0.25 per share, along with a cash payment of $202,770 [5]. Use of Proceeds - The gross proceeds from the private placement will be allocated for exploration on the Castle East Project, qualifying as "flow-through critical mineral mining expenditures" under Canadian tax law [7]. Company Overview - Nord Precious Metals Mining Inc. operates the only permitted high-grade milling facility in Ontario's historic Cobalt Camp, focusing on high-grade silver and strategic metals recovery [9]. - The company's flagship Castle property includes 63 square kilometers of exploration ground and has delineated 7.56 million ounces of silver in inferred resources, averaging 8,582 g/t Ag [9]. - The company employs an integrated processing strategy that enhances the recovery of multiple metals, including cobalt and nickel, to meet the growing demand for battery materials [10]. - Nord maintains a strategic portfolio of battery metals properties, including a 35% ownership in Coniagas Battery Metals Inc. and the St. Denis-Sangster lithium project [11].
Silver North Announces Closing of $2.25 Million Flow Through Share Private Placement
Thenewswire· 2025-12-19 22:15
Core Viewpoint - Silver North Resources Ltd. has successfully closed a non-brokered private placement, raising gross proceeds of $2,250,500 through the sale of 6.43 million flow-through shares at a price of $0.35 per share, which will fund exploration activities at its Haldane and Veronica properties in 2026 [1][2]. Group 1: Financing Details - The private placement raised a total of $2,250,500 from the sale of 6.43 million flow-through shares priced at $0.35 each [1]. - The company will utilize the proceeds to incur eligible Canadian exploration expenses related to its Yukon projects, with a commitment to renounce these expenditures to the subscribers by December 31, 2025 [2]. - Finders' fees for the offering amounted to $144,931 and included 414,090 non-transferable warrants, valid for 24 months at the offering price [3]. Group 2: Future Plans - The financing will enable the company to commence its 2026 drilling program at the Haldane Property and conduct follow-up work at the Veronica silver property [2]. - The company plans to start drilling as early as spring 2026, maximizing the field season based on the interpretation of 2025 data [2]. - Detailed plans for the 2026 exploration program will be announced after the analysis of the 2025 results [2]. Group 3: Related Party Transactions - A director of the company purchased 43,428 flow-through shares in the private placement, which is classified as a related party transaction [4]. - The company has relied on exemptions from formal valuation and minority shareholder approval requirements due to the transaction's value not exceeding 25% of the company's market capitalization [4]. Group 4: Company Overview - Silver North Resources Ltd. owns the Haldane Silver Project, Tim Silver Project, and GDR project, and is actively seeking to acquire additional silver properties in favorable jurisdictions [7]. - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the U.S. under the symbol "TARSF" [8].
Re-Grant of Expired Options
Thenewswire· 2025-12-19 22:00
Group 1 - Peloton Minerals Corporation has re-granted 2,100,000 incentive stock options to its directors, replacing options that expired on December 18, 2025 [1] - The new options are exercisable over five years at an exercise price of $0.115 [1] - The company has a total of 150,228,177 common shares issued and outstanding [2] Group 2 - Peloton's exploration portfolio includes the North Elko Lithium Project, which is prospective for lithium, uranium, critical and rare earth minerals [3] - The company also has gold projects, namely the Golden Trail and Independence Valley Carlin style projects, located in northeastern Nevada [3] - Additionally, Peloton holds a non-controlling interest in a copper porphyry project near Butte, Montana [3]
Lucky Announces Shares For Debt Transaction
Thenewswire· 2025-12-19 21:10
Core Viewpoint - Lucky Minerals Inc. is addressing a failure-to-file cease trade order (FFCTO) issued by the British Columbia Securities Commission due to the late submission of its annual financial statements for the fiscal year ended October 31, 2024, which were filed on October 2, 2025 [1] Group 1: Financial Situation - The company plans to settle outstanding indebtedness amounting to $1,969,391.05 through the issuance of 19,693,908 common shares at a deemed price of $0.10 per share [2] - A significant portion of the debt, totaling $1,600,293.33, consists of principal and interest for convertible debentures [2] Group 2: Related Party Transactions - Directors and officers, including Pan Ocean Consulting Ltd., will convert approximately $190,000 of their outstanding fees into about 1,900,000 common shares as part of the debt settlement [3] - The issuance of common shares to directors and officers is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from certain requirements [5] Group 3: Regulatory Approval - The transaction is contingent upon approval from the TSX Venture Exchange and the revocation of the FFCTO [6]
URZ3 Energy Announces Leadership Transition
Thenewswire· 2025-12-19 21:10
Management Transition - URZ3 Energy Corp. has announced a management transition with Darcy Higgs appointed as interim CEO and President effective January 1, 2026 [1] - Mark Kolebaba has resigned as President and CEO, effective December 31, 2025, to focus on other business interests [1][2] Company Overview - URZ3 Energy Corp. is focused on the acquisition and exploration of uranium properties in North America [2] - The company aims to advance its portfolio of projects to meet the growing demand for uranium as a clean energy resource [2] - URZ3 leverages its team's extensive experience in ISR uranium exploration, development, and production [2]
Armory Mining Announces Closing of Flow-Through Financing
Thenewswire· 2025-12-19 21:05
Core Viewpoint - Armory Mining Corp. has successfully closed a non-brokered private placement offering, raising gross proceeds of $666,655.01 through the issuance of 9,523,643 flow-through units at a price of $0.07 per unit [1]. Group 1: Offering Details - Each flow-through unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one additional common share at $0.09 until December 19, 2028 [2]. - The proceeds from the offering will be allocated to Canadian exploration expenses at the Ammo project in Nova Scotia [3]. - The company paid finder's fees totaling $53,122.40 and issued 758,891 finder's warrants, with exercise prices of $0.07 and $0.09 per share, valid until December 19, 2028 [4]. Group 2: Securities and Compliance - All securities issued under the offering are subject to a four-month hold period, expiring on April 20, 2026, in accordance with Canadian securities laws [5]. - Armory Mining Corp. is a Canadian exploration company focused on minerals critical to the energy, security, and defense sectors, controlling a 100% interest in the Ammo project and an 80% interest in the Candela II lithium brine project in Argentina [6].